Thu, Apr 19 2012, 11:39 AM
Existing home sales decreased in March to a seasonally adjusted annual rate of 4.48 million units, 2.6 percent below the February pace which was adju...
Thu, Apr 19 2012, 11:13 AM
MBS Live : MBS Morning Market Summary
The first highs of the morning remain intact for MBS as do the first lows of the morning for TSY yields. ...
Thu, Apr 19 2012, 10:33 AM
The United
States is an amazing place - everyone is different! But here's an interesting
chart someone sent me on state's teen pregnancy rates, and ...
Thu, Apr 19 2012, 7:36 AM
A theme is developing... It's the one where we question the need for market analysis on a week that has, thus far, behaved as expected to an unexpect...
Thu, Apr 19 2012, 5:12 PM
"A change is afoot when it comes to short sales ," RealtyTrac said on Thursday, releasing new data which indicate, based on January's numbers, that...
Thu, Apr 19 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Regardless of which scene in Monty Python's Holy Grail you prefer, there's no doubt that the recent...
Thu, Apr 19 2012, 2:58 PM
Mortgages Rates continued to operate in the same range that has dominated the past three weeks although the closing costs associated with prevailing ...
Thu, Apr 19 2012, 1:55 PM
After two years of bouncing around a bottom, remodeling activity is expected to pick up later this year, according to the Leading Indicator of Remo...
Wed, Apr 18 2012, 12:29 PM
Do you
ever wonder how much time your employees spend checking their Facebook page,
looking up sports scores, and doing Google searches on old girlf...
Wed, Apr 18 2012, 12:22 PM
Last week, I wrote about specified pool trading and how originators need to take advantage of pay-up opportunities by selling their production int...
Wed, Apr 18 2012, 11:31 AM
Consumer credit defaults, with the exception of credit cards, fell in March for the third consecutive month S&P and Experian said on Monday. The nati...
Wed, Apr 18 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
Even
from afar, today showed promise as having the potential to be "mostly
dead" in terms of market...
Wed, Apr 18 2012, 11:12 AM
The second edition of a new report looking in depth at the mortgage origination market was released today by Ellie Mae. The report for March review...
Wed, Apr 18 2012, 11:05 AM
Alejandro Curbelo, aka Alex Curbelo, a loan officer for Great Country Mortgage Bankers in Miami, pleaded guilty on Tuesday to complicity in a mortgag...
Wed, Apr 18 2012, 10:01 AM
The Architecture Billings Index (ABI) a forward looking index of construction activity, finished March in positive territory for the fifth consecuti...
Wed, Apr 18 2012, 8:47 AM
Fannie Mae and Freddie Mac have been directed by their conservator to streamline procedures for foreclosure alternatives including short sales, deed...
Wed, Apr 18 2012, 8:31 AM
The volume of mortgage refinancing soared during the week ended April 13 according to data released this morning by the Mortgage Bankers Association...
Wed, Apr 18 2012, 8:20 AM
Given that the massive stock rally and plethora of earnings reports did little to motivate bond market movements on Tuesday, we're not looking at toda...
Wed, Apr 18 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
The great sideways grind continued for bond markets today with 3pm marks for 10yr Treasuries not ev...
Wed, Apr 18 2012, 4:17 PM
The Financial Stability Board (FSB) has released its Principles for Sound Residential Mortgage Underwriting Practices . FSB is an international bo...
Wed, Apr 18 2012, 3:33 PM
A so-called Homeowner Bill of Rights has been introduced to the California State Assembly in the form of seven bills centered primarily on the imp...
Wed, Apr 18 2012, 3:26 PM
A key official of the Department of Housing and Urban Development ( HUD ) was sworn into office on Wednesday. Maurice Jones assumed the second high...
Wed, Apr 18 2012, 2:49 PM
Mortgages Rates were flat to slightly improved
today. Most lenders improved pricing by
very small amounts while a few were slightly worse than y...
Tue, Apr 17 2012, 11:25 AM
MBS Live : MBS Morning Market Summary
Bond markets, including MBS are generally weaker today vs yesterday but MBS and Treasuries have both ...
Tue, Apr 17 2012, 11:02 AM
Remember
QRM? Not only is it not on the front
burner, but it may have been put back in the Tupperware container. QM , however, is very much alive...
Tue, Apr 17 2012, 10:44 AM
The U.S. Census Bureau and Department of Housing and Urban Development (HUD) reported this morning that permits for privately owned housing construct...
Tue, Apr 17 2012, 7:49 AM
The New York Fed's Empire State Manufacturing Index is by no means an inconsequential report, but even the big miss it experienced yesterday isn't suf...
Tue, Apr 17 2012, 4:37 PM
MBS Live : MBS Afternoon Market Summary
Two days in and the week continues to live up to its uninspiring expectations. Having made it to stronge...
Tue, Apr 17 2012, 3:34 PM
Mortgages Rates rose slightly today
after hitting their lowest levels since late February yesterday. While that leaves yesterday and 4/10 as two
...
Mon, Apr 16 2012, 11:19 AM
MBS L ive : MBS Morning Market Summary
If the Euro-zone periphery scares you (read: Spanish 10yr yields over 6%), where do you flee to s...
Mon, Apr 16 2012, 10:58 AM
Home builders shifted direction this month reversing the growing optimism they had been exhibiting since last fall. The National Association of Hom...
Mon, Apr 16 2012, 10:31 AM
This note
from Investor's Business Daily reminds me why day-trading stocks never works for
me - even if you had the better-than-expected news ahead ...
Mon, Apr 16 2012, 10:22 AM
In an
anticipated, but nonetheless disappointing announcement for many in the
industry, GMAC Bank Correspondent Funding (GMACB) sent word out to its...
Mon, Apr 16 2012, 10:16 AM
As has been indicated in reports from the Joint Center on Housing and the National Association of Home Builders, home remodeling is emerging as a br...
Mon, Apr 16 2012, 8:25 AM
To put things in perspective, 3 individual days from the penultimate trading week (the one with FOMC Minutes and NFP) each had trading ranges wider th...
Mon, Apr 16 2012, 4:39 PM
Three mortgage originators and a title agent have been permanently barred from conducting business with the federal government after they pled guilty ...
Mon, Apr 16 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
Despite stronger-than-expected Retail Sales figures, bo nd markets ratcheted another notch into positiv...
Mon, Apr 16 2012, 3:40 PM
Thirty-three housing related organizations have signed on to a letter advocating that a broadly defined definition of a Qualified Mortgage (QM) be a...
Mon, Apr 16 2012, 2:32 PM
After
closing out the previous week with slight gains Mortgages Rates have done the same to begin the current
week. On average, this brings rates...
Fri, Apr 13 2012, 12:25 PM
Officials from eleven states have formally petitioned the Federal Housing Finance Agency (FHFA) to reverse its opposition to mortgage loan principa...
Fri, Apr 13 2012, 12:21 PM
Two of the nation's largest banks came in with first quarter earnings above estimates today, due in part to improvements in their respective mortgage...
Fri, Apr 13 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
First Asia, then Europe, and now the Domestic session... All three have had moderately positive impa...
Fri, Apr 13 2012, 9:52 AM
The
financial industry has taken careful note of former House Speaker Newt Gingrich
writing a $500 check on an account that had no money in it. Bot...
Fri, Apr 13 2012, 8:27 AM
Thursday was an odd day for markets. At several points in the day, bond markets reversed course and headed the other direction with less-than-insigni...
Fri, Apr 13 2012, 4:28 PM
MBS Live : MBS Afternoon Market Summary
There's little else to say beyond what's said in the most recent update at 1:43pm below. With a lo...
Fri, Apr 13 2012, 3:36 PM
Mortgages Rates improved slightly today, but that slight improvement brings them close to the best levels of the week. This also means rates cont...
Thu, Apr 12 2012, 12:03 AM
There may be some sort of pattern developing here... In terms of volume and volatility, Monday's domestic session was dead, or perhaps undead. Yes, ...
Thu, Apr 12 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As mentioned in the alerts below, bond yields and stock prices moved in tandem with a high degree of ...
Thu, Apr 12 2012, 9:41 AM
I have
heard that there are some places on the outskirts of Detroit that are becoming
farms. That is pretty weird. But even weirder are some of th...
Thu, Apr 12 2012, 8:32 AM
Foreclosure activity hit the lowest level in over four years during the first quarter of 2012. Filings across the nation fell 2 percent from the f...
