Tue, Mar 27 2012, 3:28 PM
Mortgages Rates were eerily quiet over the past 3 sessions, but they broke that streak today to move lower . The Conventional 30yr Fixed Best-Execu...
Tue, Mar 27 2012, 2:14 AM
While Tuesday's calendar of events is by no means the most robust of the week, it marks a noticeable acceleration from that of Monday, especially in...
Tue, Mar 27 2012, 2:00 PM
Despite the trauma of the last few
years, most Americans still believe that owning a home is preferable to renting
according to the latest quarter...
Mon, Mar 26 2012, 11:18 AM
While homebuyers are pursuing short
sales with less enthusiasm because of the lengthy and unpredictable process,
investors are finding them a new...
Mon, Mar 26 2012, 11:16 AM
Pending home sales reported by the
National Association of Realtors® declined by one-half of one percent in
February but are well above the level r...
Mon, Mar 26 2012, 11:12 AM
MBS Live : MBS MID-DAY
Volatility has been the name of the game this morning, although that theme has been playing out more for Treasuries than ...
Mon, Mar 26 2012, 10:36 AM
For those
playing along at home, the U.S. Treasury Department continues to wind down 2008's
TARP, the Troubled Asset Relief Program. More than 80%...
Mon, Mar 26 2012, 8:10 AM
With all the recent preference given to "tradeflows and technicals" in our analysis, we see the week ahead as standing a good chance of merging those ...
Mon, Mar 26 2012, 4:09 PM
MBS Live : Volatile Session, But Contained
Both MBS and Treasuries made trips between their highs and lows several times in rapid succession ear...
Mon, Mar 26 2012, 3:25 PM
Mortgages Rates have been nearly identical for the past 3 sessions. That means that Conventional 30yr Fixed Best-Execution Rates begin the week at...
Fri, Mar 23 2012, 11:03 AM
New home sales in February were down 1.6 percent from sales
in January according to the U.S. Census Bureau and the Department of Housing
and Urban ...
Fri, Mar 23 2012, 11:01 AM
Annual reports from financial
institutions rarely make the best seller list, but the one published by the
Federal Reserve Bank of Dallas is beginnin...
Fri, Mar 23 2012, 10:17 AM
Another program to keep distressed
borrowers in their homes was announced this morning by Bank of America. " Mortgage
to Lease " will start immedi...
Fri, Mar 23 2012, 10:14 AM
AIG, originally considered to be the
TARP recipient least likely to succeed, has sent taxpayers another significant installment
on its debt. The De...
Fri, Mar 23 2012, 9:42 AM
Bank of America launched the "Mortgage to
Lease" program to fewer than 1,000 BofA customers selected by the bank in
test markets in Arizona, Neva...
Fri, Mar 23 2012, 8:08 AM
Bond markets improved overnight and may have a familiar friend to thank for it. Greece is back in the news, or at least we think so... We haven't se...
Fri, Mar 23 2012, 4:16 PM
MBS Live : MBS RECAP
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FNMA 3.5
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Fri, Mar 23 2012, 2:15 PM
Money came into both sides of the market today. Stocks are set to end the day with gain, as are Treasuries and MBS, the Mortgage-Backed-Securities th...
Fri, Mar 23 2012, 1:37 PM
As seen in the recap of live alerts below, this morning's gains for MBS and Treasuries arrive on the heels of data that normally can't be counted on f...
Thu, Mar 22 2012, 12:43 PM
Dear Fellow Mortgage Industry Professionals, I know that the industry is in a fit over what to do with the HARP 2.0 program , but I would submit to ...
Thu, Mar 22 2012, 11:29 AM
The passing of the Fed's scheduled Twist buying in the 2022-2030 maturity range did little to nudge Treasuries and MBS from their recent grind near ...
Thu, Mar 22 2012, 9:51 AM
This is the second of three evaluation
reports released by the Federal Housing Finance Agency's (FHFA) Office of
Inspector General (OIG) regarding t...
Thu, Mar 22 2012, 9:50 AM
Do you do
business i n a "Sand State" or a "HARP State" ? Perhaps they're
the same. Yesterday's MBA numbers showed, as a percentage of overall
appl...
Thu, Mar 22 2012, 9:28 AM
This is the third of three evaluation
reports released today by the Federal Housing Finance Agency's (FHFA) Office of
Inspector General (OIG) regard...
Thu, Mar 22 2012, 4:21 PM
After a generally calm and generally positive day, MBS have traipsed lower in a similarly calm fashion. We want to emphasize that even though the p...
Thu, Mar 22 2012, 4:05 PM
The rate of decline in housing prices has slowed recently according
to the RPX Composite Index released today by RadarLogic, but the bottom for
pr...
Thu, Mar 22 2012, 3:47 PM
On Thursday the Federal Housing Finance
Agency (FHFA) Office of Inspector General (OIG) released the results of three
evaluations of FHFA's oversigh...
Thu, Mar 22 2012, 3:44 PM
Mortgages Rates enjoyed a second day of doing something other than frantically rising or merely holding sideways. Rate offerings at most lenders ...
Thu, Mar 22 2012, 2:14 AM
Yesterday's rally was well-met. Although Monday was technically a positive day for bond markets, it sure didn't feel like it given
the fact tha...
Wed, Mar 21 2012, 12:43 PM
A report released this morning by
CoreLogic shows that the shadow inventory , composed of homes that are either in
bank owned real estate (REO), in...
Wed, Mar 21 2012, 11:28 AM
Sales of
existing homes fell 0.9 percent in February to a seasonally adjusted annual
rate of 4.59 million homes according to data released this mor...
Wed, Mar 21 2012, 11:21 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
...
Wed, Mar 21 2012, 10:39 AM
Yesterday
the commentary discussed rotary phones and mobile phone banking . And last week
the Federal Reserve Board launched its Twitter channel, @...
Wed, Mar 21 2012, 9:33 AM
Interest
rates rose to the highest levels since December during the week ended March 16
and, driven largely by refinancing, mortgage applications ...
Wed, Mar 21 2012, 9:26 AM
Bloomberg
News is reporting that Ally Financial is in talks with Fortress Investment
Group to sell some assets from Ally's mortgage unit. Accor...
Wed, Mar 21 2012, 8:16 AM
It was an average overnight session in terms of volume an volatility, ultimately resulting in 10yr yields hitting 2.3828 around 6am before cascading d...
Wed, Mar 21 2012, 4:21 PM
MBS Live : MBS RECAP
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FNMA 3.5
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Wed, Mar 21 2012, 3:57 PM
Mortgages Rates finally caught a break today, after spending the last several days either rising abruptly or simply not improving. The gains were ...
Wed, Mar 21 2012, 3:47 PM
The title insurance industry generated
$9.47 billion in premiums in 2011 , down 1.5 percent from its production in
2010. Fourth quarter activity t...
Wed, Mar 21 2012, 3:46 PM
Lender processing Services (LPS)
reported that there was a 5 percent reduction in the national delinquency rate
in February compared to January fi...
Wed, Mar 21 2012, 2:37 PM
Even if the "need" being satisfied were purely psychological, today's rally is a welcome sight. Unlike instances of positive price action in the rece...
Tue, Mar 20 2012, 11:16 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
...
Tue, Mar 20 2012, 10:09 AM
In the old
days, when rotary dial telephones roamed the earth, and it took more time to
dial a 8 or 9 or 0 than it did a 1 or 2 or 3, area codes wer...
Tue, Mar 20 2012, 9:59 AM
There was some good news in the New
Residential Construction Report Housing released by the Census Bureau and the
Department of Housing and Urban De...
Tue, Mar 20 2012, 8:10 AM
Bond markets are slightly stronger after one of the least traumatic overnight sessions in recent memory, both in terms of volume and volatility. Chin...
Tue, Mar 20 2012, 4:16 PM
MBS Live : MBS RECAP
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FNMA 3.5
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Tue, Mar 20 2012, 4:16 PM
A former executive of Taylor, Bean and Whitaker Mortgage Corporation (TBW) is facing a maximum penalty of 10 years in prison after pleading guilty T...
Tue, Mar 20 2012, 4:12 PM
Mortgages Rates , continued pushing into their highest levels of the year today after yet another volatile session for bond markets. Most lenders i...
Tue, Mar 20 2012, 3:02 PM
For the third day in a row, MBS prices pushed into new lows for the year and 10yr Treasuries came as close to testing 3.40 as they have since last...
Tue, Mar 20 2012, 2:11 PM
The Federal Reserve Banks reported net income in 2011 of $78.54 billion
compared to $81.735 billion in 2010.
Total comprehensive income, after adju...
