Wed, Jan 4 2012, 10:27 AM
As part of the temporary resolution to the recent battle over the Tax Cut Extension that took place in the last weeks of December, Congress decided ...
Wed, Jan 4 2012, 10:17 AM
Any ship
can be a minesweeper - once. But not "once in a while." This note
reached me: "Rob, every once in a while you'll mention 'AOT' like everyon...
Wed, Jan 4 2012, 9:48 AM
The Mortgage Bankers Association
released an abbreviated report Wednesday on mortgage activity over the two week
Christmas and New Year's holiday ...
Wed, Jan 4 2012, 8:24 AM
The day kicks off on positive note for bond markets which have held their gains at the start of the New York session. This follows on the heels of a ...
Wed, Jan 4 2012, 5:41 PM
In a letter to the chairs and ranking members of the
Senate Banking and House Financial Services Committees on Wednesday, Federal Reserve
Chairman B...
Wed, Jan 4 2012, 4:29 PM
Mortgage Rates
continue to operate at the same Best-Execution levels with only minor variations in borrowing costs between lenders on any given day....
Wed, Jan 4 2012, 4:24 PM
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Wed, Jan 4 2012, 3:46 PM
Although it's not unheard of for a lender to show up late to a "reprice-for-the-worse" party after MBS prices are noticeably bouncing back, the risks ...
Tue, Jan 3 2012, 12:15 PM
As expected, volume has been significantly better than in recent holiday weeks, although still nowhere near early December norms. MBS and Treasuries ...
Tue, Jan 3 2012, 11:58 AM
The
major private mortgage insurers wrote 25,074 new policies in November against
27,970 applications received for coverage.
According to the mont...
Tue, Jan 3 2012, 11:19 AM
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Tue, Jan 3 2012, 11:10 AM
The U.S.
Census Bureau projected the Jan. 1, 2012, total United States population at
312,780,968. This would represent an increase of 2,250,129, or ...
Tue, Jan 3 2012, 10:07 AM
Although yesterday was a Federal holiday and we should have all had the day off, the number of residential lender, investor, and MI
updates in the ...
Tue, Jan 3 2012, 8:28 AM
Although we begin another week with only four trading days, the week
ahead is a different breed than the last few of December, which for the
most ...
Tue, Jan 3 2012, 4:19 PM
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Tue, Jan 3 2012, 4:00 PM
Mortgage Rates are slightly higher to begin the new year, but Best-Execution levels remain intact at 3.875%. That being the case, most loan scenario...
Fri, Dec 30 2011, 12:20 PM
September 21st, 2011 was a very important day for MBS, perhaps the most important since the Fed initially announced their intent to purchase MBS outri...
Fri, Dec 30 2011, 11:19 AM
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Fri, Dec 30 2011, 9:48 AM
We wrap up
the year with the S&P (a better broad measure of stock performance than the
DOW) essentially flat on the year, but 10-yr yields nearly 1....
Fri, Dec 30 2011, 8:25 AM
Today promises to be another low volume and uninspired session, as were the Asian and European sessions overnight. Volumes remain in line with their ...
Fri, Dec 30 2011, 4:19 PM
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Fri, Dec 30 2011, 1:45 PM
Mortgage Rates have been operating in the 3.875% best-execution range for several weeks now with the only day-to-day variations being seen in the are...
Thu, Dec 29 2011, 11:48 AM
Who says
that folks in the mortgage business can't rhyme ?
If you're away from your home, and you come back and find that a pipe has
burst, a...
Thu, Dec 29 2011, 11:19 AM
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Thu, Dec 29 2011, 8:15 AM
Today clearly contains the highest magnitude of domestic economic reports this week. With volumes having been between 20-40% of recent averages over ...
Thu, Dec 29 2011, 4:23 PM
The National Association of Realtors® (NAR)
announced on Thursday that pending home sales in November reached the highest
levels seen in 19 months. ...
Thu, Dec 29 2011, 4:19 PM
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Thu, Dec 29 2011, 3:28 PM
Mortgage Rates took the day off from the faster-paced improvements seen yesterday, and instead improved only in small amounts. Even then, nothing ha...
Thu, Dec 29 2011, 1:40 PM
As expected/feared, this morning's economic data did little to rouse holiday-sedated markets. In fact, if it weren't for the somewhat interesting fact...
Wed, Dec 28 2011, 12:12 PM
The cliche quip "It's the economy, stupid" is under consideration to be revised to "it's the European economy, stupid," or perhaps even "it's the stup...
Wed, Dec 28 2011, 11:23 AM
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Wed, Dec 28 2011, 11:16 AM
Overheard
recently: "I love Christmas lights - they remind me of some co-workers.
They all hang together, half of them don't work, and the ones that...
Wed, Dec 28 2011, 8:26 AM
One day in to the post Christmas/ Pre -New-Year holiday week and it's shaping up to be the slowest in years. Not only is that slowness seen in terms ...
Wed, Dec 28 2011, 4:23 PM
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Wed, Dec 28 2011, 2:40 PM
Unlike yesterday's uneventful market movements, Mortgage Rates
are noticeably improved today. While volume remains quite light in general due to a...
Tue, Dec 27 2011, 11:18 AM
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Tue, Dec 27 2011, 10:29 AM
Saturday
night, while you were pleasantly dreaming of presents, the cookies for Santa
had a different experience .
FHA lenders had reason fo...
Tue, Dec 27 2011, 8:24 AM
Last week saw a steep sell-off in bond markets as low volume and a limited amount of participation paved the way for domination by whichever side of t...
Tue, Dec 27 2011, 4:23 PM
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Tue, Dec 27 2011, 2:23 PM
After getting pushed higher in low volume trading late last week, Mortgage Rates
are roughly unchanged today, although market volume remains exceed...
Tue, Dec 27 2011, 1:11 PM
While home prices continued to decline in October, the
S&P/Case-Shiller Home Price Indices released on Tuesday indicate that the
downward trend ma...
Tue, Dec 27 2011, 1:09 PM
Over the weeks and months of 2011, MBS and Treasuries have had their attention pulled in many different directions, at times paying careful attention ...
Fri, Dec 23 2011, 12:52 PM
Based simply on trading levels, today is pretty ugly. But in light of the extremely low volume, we were already largely prepared to discount such swi...
Fri, Dec 23 2011, 11:18 AM
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Fri, Dec 23 2011, 10:17 AM
The Census
Bureau reports that between 2005 and 2011, the proportion of young adults
living in their parents' home increased. The
percentage of me...
Fri, Dec 23 2011, 10:14 AM
New homes sales in November rose to a seasonally adjusted annual rate of 315,000 according to data released today by the Census Bureau and the Depart...
Fri, Dec 23 2011, 8:19 AM
Although there's a decent enough lineup of economic reports this morning, including New Home Sales, Durable Goods, and Personal Consumption Expenditur...
Fri, Dec 23 2011, 4:18 PM
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Fri, Dec 23 2011, 1:22 PM
Mortgage Rates
suffered their worst losses of the week today as light volume and low participation left sellers in control, driving benchmark intere...
Thu, Dec 22 2011, 12:02 PM
Despite the glut of economic data this morning, there was little, if any reaction to several reports at 830 or the remaining group at 9:55-10AM. The ...
