Wed, Feb 22 2012, 3:40 PM
In the February Economic Outlook from
Freddie Mac's Office of the Chief Economist is projecting a slow, steady path
to recovery as the economy, it...
Wed, Feb 22 2012, 1:56 PM
From a technical standpoint, the past few sessions have been a fairly gloomy scene for MBS and Treasuries--our two representatives from those camps be...
Wed, Feb 22 2012, 1:46 AM
As readers may be aware, we're rather fond of being close to utterly
dismissive of 2yr Treasury Note Auctions as significant market moving
events ...
Tue, Feb 21 2012, 11:20 AM
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Tue, Feb 21 2012, 11:12 AM
In its Monthly Mortgage Monitor Report Lender
Processing Services (LPS) will report that the national delinquency rate , loans
that are 30 days or ...
Tue, Feb 21 2012, 10:42 AM
After four straight months of increases The S&P/Experian
Consumer Credit Default Indices fell in January as did the four loans types
that make up ...
Tue, Feb 21 2012, 10:38 AM
Welcome to
Fat Tuesday, or Mardi Gras, a rowdy day of hedonism where shipping departments
across the nation have great parties and throw bead neckla...
Tue, Feb 21 2012, 8:21 AM
Bond markets are slightly weaker from Friday's latest levels as the Greek bailout that has been the markets focal point for several weeks, was technic...
Tue, Feb 21 2012, 4:20 PM
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Tue, Feb 21 2012, 3:31 PM
For the first time since late January, Best-Execution Mortgages Rates moved back to 4.0%. Over the past month, the rate averaged 3.875% despite ple...
Tue, Feb 21 2012, 2:07 PM
The Federal Housing Finance Agency
(FHFA) said Tuesday that, with its conservatorship of Fannie Mae and Freddie
Mac (the Enterprises) now in operati...
Tue, Feb 21 2012, 1:47 PM
It's getting to be fairly popular to dismiss the ongoing efforts to stave off a default in Greece as "can-kicking," etc. We're guilty of this, but re...
Mon, Feb 20 2012, 7:35 PM
Out in
Northern California the weather is generally good, and Triserv Appraisal Management Solutions is searching for a Regional
Sales Executive f...
Fri, Feb 17 2012, 12:47 AM
Stronger than expected employment data, via weekly Jobless Claims
printing 348k versus a 365k consensus, combined with a poorly received
30yr TIPS...
Fri, Feb 17 2012, 11:20 AM
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Fri, Feb 17 2012, 10:57 AM
Yes, Wells
Fargo's CEO's was on CNBC this morning talking about the mortgage markets. Investor
news is rarely "headline grabbing," but also this mor...
Fri, Feb 17 2012, 9:46 AM
While housing is more affordable than ever for most
U.S. families, the lack of financing available to them continues to constrain
prospective homeb...
Fri, Feb 17 2012, 9:21 AM
Bond markets are trying to find their footing this morning after yesterday's weakness extended through the overnight session. News that the ECB may g...
Fri, Feb 17 2012, 4:20 PM
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Fri, Feb 17 2012, 2:25 PM
Mortgages Rates are higher for the 2nd day in a row. Unlike the movement we normally see, which limits itself to affecting closing costs as opposed ...
Thu, Feb 16 2012, 12:54 PM
RealtyTrac reported this morning that
foreclosure activity rose 3 percent in January as several states posted spikes
in one or more steps in the pr...
Thu, Feb 16 2012, 11:24 AM
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Thu, Feb 16 2012, 10:03 AM
Citizens
of the U.S. have well-documented accents, but do you ever wonder what
linguistics majors do when they graduate?
At certain
phases ...
Thu, Feb 16 2012, 7:37 AM
Relatively late in the domestic session yesterday, a few details finally
emerged from the conference call between Greece and the Eurogroup. They
...
Thu, Feb 16 2012, 4:15 PM
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Thu, Feb 16 2012, 2:55 PM
Mortgages Rates reversed a recent trend of gradual improvement, moving higher today after a better-than-expected read on employment from this morning...
Thu, Feb 16 2012, 1:35 PM
A lawsuit filed against CITIMORTGAGE,
INC, a subsidiary of CITIBANK, N.A. was filed in the U.S. District Court for Manhattan
on Wednesday and simult...
Thu, Feb 16 2012, 1:29 PM
MBS and Treasuries are having a rough day after a one-two punch from European headlines and a lousy 30yr TIPs auction. We'll start with the latter as...
Thu, Feb 16 2012, 1:26 PM
At a press
conference accompanying release of the results from its Fourth Quarter 2011 National
Delinquency Study (NDS) , the Mortgage Banker Assoc...
Thu, Feb 16 2012, 1:01 PM
Statistics on building permits and
housing starts increased slightly in January according to the U.S. Census
Bureau and the U.S. Department of H...
Wed, Feb 15 2012, 12:40 PM
The results from the monthly National
Association of Home Builders NAHB)/Wells Fargo Housing Market Index (HMI) rose
in February for the fifth conse...
Wed, Feb 15 2012, 11:55 AM
Homeowners who think they may have been
financially injured due to the actions of mortgage servicers during a
foreclosure have additional time to re...
Wed, Feb 15 2012, 11:50 AM
Yesterday we learned that the much-anticipated Eurogroup meeting to vote on Greece's second bailout had evolved into a mere conference call with sourc...
Wed, Feb 15 2012, 11:15 AM
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Wed, Feb 15 2012, 10:42 AM
As we see each week in the Mortgage
Bankers Association's application survey, few borrowers chose adjustable rate
mortgages when buying or financing...
Wed, Feb 15 2012, 9:52 AM
Two Brits
were playing chess. Liam said to John, "Hey, do you want to make this more
interesting?" John said, "Sure." So they stopped playing.
On...
Wed, Feb 15 2012, 9:36 AM
Applications for both home purchase and refinance
were essentially flat during the week ended February 10. The Mortgage Bankers Association's (MBA)
...
Wed, Feb 15 2012, 7:48 AM
MBS moved steadily higher for most of yesterday's session, while 10yr yields and stocks moved lower. MBS hit 103-29 in fannie 3.5's, which is a r...
Wed, Feb 15 2012, 4:16 PM
A lot of analysis that gets written will refer to "technical factors"
driving valuations. What this is referring to are situations where
unique...
Wed, Feb 15 2012, 4:15 PM
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Wed, Feb 15 2012, 3:08 PM
Mortgages Rates improved again today as domestic economic data failed to inspire markets to move in either direction and optimism over today's confer...
Tue, Feb 14 2012, 11:58 AM
TransUnion is reporting that serious
mortgage delinquencies rose during the fourth quarter of 2011 for only the
second time since the end of 2009....
Tue, Feb 14 2012, 11:24 AM
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Tue, Feb 14 2012, 11:17 AM
This
morning we had the Retail Sales figures. Shopping in Texas can be a different
experience (30 seconds).
Small
lenders can be assured that ...
Tue, Feb 14 2012, 11:15 AM
The Consumer Financial Protection Bureau
( CFPB ) has rolled out a prototype of a form for mortgage lenders to send to
borrowers during each billi...
Tue, Feb 14 2012, 10:56 AM
The American Bankers Association (ABA)
reacted negatively late Monday to a part of the President's FY 2013 Budget
which was released earlier in th...
Tue, Feb 14 2012, 10:30 AM
It's been a light day for new originations so far in MBS with current totals in Fannie/Freddie 30yr Fixed around 1/4 to 1/3 of their recent averages. ...
Tue, Feb 14 2012, 7:30 AM
Bond markets returned to something of a middle ground yesterday after recovering from a Greece-inspired risk-off trade . Last week's key event was t...
Tue, Feb 14 2012, 4:24 PM
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Tue, Feb 14 2012, 3:06 PM
Mortgages Rates are somewhat improved today after holding relatively steady to begin the week. In the underlying markets MBS (the "mortgage-backed-s...
