Wed, Apr 4 2012, 2:46 PM
Acting Federal Housing Finance Agency Director Edward J. DeMarco spoke to the Boston Security Analysts Society on Wednesday, in part defending his ...
Wed, Apr 4 2012, 2:26 PM
Mortgages Rates improved only moderately today despite a stronger bounce back in underlying bond markets. The Best-Execution Conventional 30y...
Tue, Apr 3 2012, 12:56 PM
Morgan Stanley is the latest large servicing operation to be sanctioned , this time by the Federal Reserve. The Fed announced this morning that it ...
Tue, Apr 3 2012, 12:51 PM
After a sharp increase in January, foreclosure starts and sales have reverse direction and resumed the steady decline they began in mid-fall. The F...
Tue, Apr 3 2012, 11:15 AM
MBS L ive : MBS Morning Market Summary
The market is doing relatively nothing to hide the fact that it's holding its breath ahead of today...
Tue, Apr 3 2012, 10:00 AM
Things are
decent in the mortgage insurance biz :
MI companies wrote $5.4 billion in new pools of risk in February. Mortgage
Insurance Companies...
Tue, Apr 3 2012, 9:25 AM
GFI Mortgage Bankers Inc., a mortgage banker with operations in seven states, is being sued by the federal government for violations of fair housing ...
Tue, Apr 3 2012, 7:54 AM
Bond markets continued to tiptoe around the task of hinting at any forceful commitment in one direction or another yesterday, and clues were in shor...
Tue, Apr 3 2012, 5:01 PM
Mortgages Rates got crushed today, relatively speaking. It's ironic that we noted yesterday's rates as getting close to 3/13's levels because tod...
Tue, Apr 3 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
MBS have sold off mightily in the wake of today's FOMC minutes. The many alerts do a good job of recap...
Tue, Apr 3 2012, 2:51 PM
A recent survey of risk managers and other banking executives conducted by FICO indicates there is increasing optimism in the industry about the e...
Mon, Apr 2 2012, 12:46 AM
Bond markets coasted into Friday afternoon in eerily stable fashion, and seemed set to head out for the weekend in significantly better territory than...
Mon, Apr 2 2012, 12:30 PM
Besides wind surfers, sailors, wind farmers, and odd people who chase tornadoes, there aren't many people who like the wind. But this map of wind in t...
Mon, Apr 2 2012, 3:39 PM
Acting in response to questions from mortgage originators and companies, the Consumer Finance Protection Bureau (CFPB) has issued a clarification on i...
Mon, Apr 2 2012, 2:23 PM
After moving higher on Friday afternoon, Mortgages Rates eased back down to Thursday's levels, leaving them in slightly better shape than most of...
Mon, Apr 2 2012, 2:03 PM
Mortgage Insurance Companies of America ( MICA ), the trade group representing private mortgage insurance companies, reported Monday that its member...
Mon, Apr 2 2012, 1:34 PM
Construction spending during February was at a seasonally adjusted annual rate of $808.9 billion, 1.1 percent below the revised January estimate of $...
Sun, Apr 1 2012, 12:20 PM
The NMLS turned some heads late last week
with its latest press release. "At NMLS, We are doing our part to help the
mortgage industry! We enhance...
Fri, Mar 30 2012, 12:25 AM
For bond markets, yesterday was essentially a reassertion of Wednesday's strongest levels. Well, maybe it was also a failed attempt to confirm a brea...
Fri, Mar 30 2012, 12:20 PM
Real estate agents appear to be playing a significant role in determining who writes their customers' mortgages. The results of a new study, Key F...
Fri, Mar 30 2012, 12:00 PM
The
Federal Reserve Bank of Dallas recently published an essay titled Choosing the Road to Prosperity:
Why We Must End Too Big to Fail - Now" w...
Fri, Mar 30 2012, 11:34 AM
The day has been woefully uneventful so far, at least with respect to what it might have been... Rather than get any sort of meaningful "vote" from m...
Fri, Mar 30 2012, 10:29 AM
My interest was recently piqued by a report in National Mortgage News entitled “Confidential Report: Jumbo Conduits Folding.” The report stated t...
Fri, Mar 30 2012, 9:41 AM
What is
more fun to talk about, the latest CFPB power grab, an investor changing its
appraisal review process, or the 42-state Mega Millions lottery...
Fri, Mar 30 2012, 4:12 PM
MBS Live : MBS RECAP
Things could have gone either way into this month-end/quarter-end trading day, either running out of steam at recent highs ...
Fri, Mar 30 2012, 3:20 PM
After improving yesterday, Mortgages Rates moved higher today , falling roughly in line with mid-week offerings depending on the lender . The wea...
Thu, Mar 29 2012, 12:03 AM
Wednesday's trade was volatile . S&P's moved almost 20 points lower and almost 10 points back higher by the end of the session, MBS hit n ew multi-w...
Thu, Mar 29 2012, 11:16 AM
MBS Live : Improved After Data, Holding Pattern Until Auction
Things have been fairly uneventful following the morning data. MBS and Treasuries b...
Thu, Mar 29 2012, 11:04 AM
Sales of investment homes surged by what the National Association of Realtors® (NAR) called " an extraordinary 64.5 percen t" in 2011, soaring from 74...
Thu, Mar 29 2012, 10:24 AM
There was a host of encouraging news in the National Foreclosure Report for February released by CoreLogic this morning. Foreclosures, the forec...
Thu, Mar 29 2012, 9:51 AM
"People
moving" is the lifeblood of Realtors. The Census Bureau just released
estimates from the American Community Survey showing how many people m...
Thu, Mar 29 2012, 9:11 AM
In a posting on the Department of Housing and Urban Development's official blog The HUDdle, Acting FHA Commissioner Carol Galante responded to discu...
Thu, Mar 29 2012, 4:16 PM
MBS Live : MBS RECAP
MBS had a good day heading into the 7yr auction after getting a lift from this morning's uneventful GDP and big upward revi...
Thu, Mar 29 2012, 3:32 PM
After holding steady yesterday, Mortgages Rates moved slightly lower today , hitting their best levels since March 13 th . Lender offerings ha...
Thu, Mar 29 2012, 3:04 PM
Approximately
$15 million of the $132 million New York State will receive in the national
mortgage servicing settlement will be used for foreclosu...
Wed, Mar 28 2012, 11:52 AM
MBS Live : MBS MID-DAY
MBS and Treasuries got a boost in general from earlier news that Germany is pushing to limit the expansion of EU bailout ...
Wed, Mar 28 2012, 10:32 AM
The Office of the Comptroller of the Comptroller of the Currency today released their Mortgage Metrics Report for the Fourth Quarter of 2011, focu...
Wed, Mar 28 2012, 9:55 AM
"Rob,
are you hearing that many companies are paying their LO's less for refinances,
and even less for refinances within a company's servicing portf...
Wed, Mar 28 2012, 9:29 AM
The
right of Mortgage Electronic Registration System, Inc. ( MERS ) to act as
mortgagee of record for mortgage investors has survived two more cour...
Wed, Mar 28 2012, 8:23 AM
Once
again a decline in refinancing wiped out modest gains in purchase mortgage
activity during the week ended March 23.
As a result the Mortgag...
Wed, Mar 28 2012, 4:19 PM
MBS Live : MBS RECAP
Open MBS Live Dashboard
FNMA 3.5
102-21 : -0-07
...
Wed, Mar 28 2012, 2:43 PM
Mortgages Rates broke a sideways streak to move lower yesterday, but are right back to their 'sideways ways' today! This keeps the Conventional ...
Wed, Mar 28 2012, 1:16 PM
The Federal Reserve Bank of New York has
developed a series of interactive maps which allow viewers to see information
on mortgage delinquencies an...
Wed, Mar 28 2012, 1:01 AM
Yesterday's rally was impressive inasmuch as it was a calm, directional move to higher prices for MBS (lower yields for benchmarks such as 10yr ...
Tue, Mar 27 2012, 12:35 PM
Freddie Mac's total mortgage portfolio
continued to shrink in January and February, contracting at an annual rate of
4.8 percent in January and 3....
Tue, Mar 27 2012, 11:14 AM
MBS Live : MBS MID-DAY
The bond market rally that began with this morning's stronger opening levels, continues into the 11am hour after the earl...
Tue, Mar 27 2012, 9:53 AM
Are
mortgage brokers making a comeback? After the financial crisis, drop in
originations, regulatory tsunami (a "Reg-plosion"), and the recent exit...
Tue, Mar 27 2012, 9:18 AM
S&P/Case-Shiller reported on Tuesday
that home prices in the metropolitan areas they survey declined again in
January with both the 10-City and 20-C...
Tue, Mar 27 2012, 4:09 PM
MBS Live : MBS RECAP
Too many days like today and we'll be sitting ducks for the next gyration to the downside in bond prices... Today w...
Tue, Mar 27 2012, 4:05 PM
The American Banking Association (ABA) has found that real estate lending
conditions at the end of 2011 were little changed from those at the end o...
