Thu, May 31 2012, 11:16 AM
Interthinx, a provider of comprehensive risk mitigation solutions, has released its 12 th quarterly report and its Mortgage Fraud Index which measu...
Thu, May 31 2012, 10:22 AM
Sometimes I wish that I could use swear words in this commentary, but they wouldn't pass e-mail filters. But if I could, I'd use them here. Why is Co...
Thu, May 31 2012, 8:47 AM
Sales of distressed properties once again accounted for more than a quarter of all home sales during the first quarter of 2012. Twenty-six percent ...
Thu, May 31 2012, 4:51 PM
The Federal Housing Finance Agency (FHFA) announced a new office to implement its Strategic Plan for Fannie Mae and Freddie Mac Conservatorships and...
Thu, May 31 2012, 4:42 PM
There is a bit of a dust-up going on over passage of a Homeowner Bills of Rights in California . The Center for Responsible Lending ( CRL ) and the ...
Thu, May 31 2012, 4:36 PM
MBS Live : MBS Afternoon Market Summary
In an earlier alert at 2:02pm, we postulated that the rest of the trading day may be some sort of ...
Thu, May 31 2012, 2:48 PM
Mortgage Rates improved again today as domestic economic data joined with ongoing fear of a European currency collapse to send US Treasury yields w...
Thu, May 31 2012, 1:58 PM
HOPE NOW is reporting that servicer-members of its alliance completed 43,000 mortgage loan modifications during the month of April, down 8 percent ...
Thu, May 31 2012, 1:49 PM
The Mortgage Insurance Companies of America (MICA), the association representing private mortgage insurers, said today that its members companies ha...
Wed, May 30 2012, 11:26 AM
MBS Live: MBS Morning Market Summary MBS and, to a greater extent, Treasuries have been off to the races this morning where the latter is currently t...
Wed, May 30 2012, 11:21 PM
Wednesday was quite a day for bond markets--a record-setting day on many fronts. While we can appreciate that there are some claims that 10yr Yields ...
Wed, May 30 2012, 11:13 AM
Only slightly more than a year after joining the Mortgage Bankers Association as its President and CEO, David Stevens will leave to become Presiden...
Wed, May 30 2012, 11:09 AM
Hey, not
every prediction about the future is right, right? In my visits around the
nation to different companies and mortgage banking groups, I con...
Wed, May 30 2012, 10:45 AM
CoreLogic is reporting that foreclosures last month totaled 66,000, down 12,000 or 15.4 percent from April 2011 but unchanged from March 2012. The...
Wed, May 30 2012, 10:18 AM
Pending home sales fell in April, breaking a three month streak of gains according to the National Association of Realtors® (NAR). The Association's...
Wed, May 30 2012, 8:43 AM
Despite another round of new interest rate lows the volume of mortgage applications decreased slightly during the pre-holiday week ended May 25. Th...
Wed, May 30 2012, 6:28 AM
Today's calendar of US economic data is the lightest of the week with Pending Home Sales the only monthly report. Other items dot the calendar, such ...
Wed, May 30 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
While "record levels" for MBS have been a relatively common occurrence in the past month as Fannie ...
Wed, May 30 2012, 3:17 PM
Mortgage Rates improved only slightly today despite an aggressive interest rate drop in the broader bond markets. Lenders' rate sheet offerings ar...
Tue, May 29 2012, 11:50 AM
Three measures of home prices issued monthly by S&P/Cash-Shiller declined yet again in March. The data released today showed that the national co...
Tue, May 29 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
It's been a relatively quiet and uneventful morning for bond markets so far. Rather than chase rall...
Tue, May 29 2012, 10:01 AM
Fannie and
Freddie aren't the only companies involved in residential mortgage lending to
be seized by the government. Here's a taste of the situati...
Tue, May 29 2012, 4:21 PM
MBS L ive : MBS Afternoon Market Summary
MBS prices fell fairly steadily into and after the 2pm hour, eventually bottoming out just below curr...
Tue, May 29 2012, 3:09 PM
Mortgage Rates began the week roughly unchanged to slightly higher, keeping them near all-time lows. This also means that the Best-Execution rat...
Mon, May 28 2012, 8:42 PM
As US markets were closed for Monday's Memorial Day Holiday, there was little fanfare out of European markets, even if there is a growing sense that S...
Fri, May 25 2012, 12:47 PM
Mortgage Rates continue to experience minor volatility near all-time lows, bouncing moderately LOWER today after moving HIGHER yesterday. Rates mov...
Fri, May 25 2012, 11:38 AM
MBS Live : MBS Morning Market Summary
Bond markets made a quick head fake in a weaker direction following the better-than-expected Consumer...
Fri, May 25 2012, 11:11 AM
The Federal Reserve Board released a number of documents Thursday afternoon related to enforcement actions against several major mortgage servicers. ...
Fri, May 25 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
There's little to report outside the two words in the title. Today truly was an "uneventful session." ...
Thu, May 24 2012, 12:55 PM
The Mortgage Bankers Association ( MBA ) is projecting that mortgage originations in 2012 will be $200 billion higher than was originally anticipa...
Thu, May 24 2012, 11:51 AM
As part of its semi-annual report to Congress , the Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) included a section ...
Thu, May 24 2012, 11:41 AM
(There
aren't many folks in the world who, on their death bed, would exclaim, "I
wish I had another day of work!" With that in mind, I am biking aro...
Thu, May 24 2012, 11:27 AM
MBS Live : MBS Morning Market Summary
There's not really much to today's weakness. It's moderate, it's steady, and it began yesterday. After hi...
Thu, May 24 2012, 11:10 PM
Yesterday morning, we suggested that markets might do something "sneaky" and make some sort of moderate movement seemingly tied to economic data when ...
Thu, May 24 2012, 10:06 AM
In its third semi-annual report to Congress the Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) recapped its activit...
Thu, May 24 2012, 7:52 AM
With very limited data and an early close on Friday, today will serve as the last trading day of the week in many regards. For starters, it's the l...
Thu, May 24 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
This morning, we suggested that markets are relatively out of trading ideas until the next big-tic...
Thu, May 24 2012, 2:02 PM
Mortgage Rates continue to experience minor volatility near all-time lows, bouncing moderately higher today after moving lower yesterday. The move ...
Thu, May 24 2012, 1:39 PM
The Residential Mortgage-Backed Securities (RMBS) Working Group unveiled a new website on Thursday to enable "whistleblowers" to report mortgage-bac...
Wed, May 23 2012, 12:44 PM
The Federal Reserve has posted a video for homeowners informing them of their right to an independent review of their foreclosure files if they beli...
Wed, May 23 2012, 12:01 PM
Sales of new single-family houses in April 2012 were at a seasonally adjusted annual rate of 343,000 , according to estimates released jointly toda...
Wed, May 23 2012, 11:38 AM
MBS Live : MBS Morning Market Summary
While it may have mostly run it's course by now, the morning has been dominated by big moves in several ...
Wed, May 23 2012, 11:16 AM
Another survey is reporting that U.S. home prices have managed a recent slight rebound. The Federal Home Finance Agency's (FHFA) is reporting that ...
Wed, May 23 2012, 10:40 AM
Here is an
interesting note for debt market students: Germany is scheduled today to sell
two-year bonds that won't make set
interest payments . Th...
Wed, May 23 2012, 9:27 AM
The Mortgage Bankers Association (MBA) credited record low interest rates for third consecutive increase in refinancing during the week ended May ...
Wed, May 23 2012, 4:16 PM
Freddie Mac said that first quarter 2011 economic data that has begun to emerge from various sources are, even though some is preliminary, beginnin...
Wed, May 23 2012, 4:08 PM
MBS Live : MBS Afternoon Market Summary
Once again bond markets came into the session at better levels achieved during overnight trading. In f...
Wed, May 23 2012, 2:58 PM
Mortgage Rates improved today , gaining back a good portion of yesterday's losses as European markets continued keeping pressure on domestic stock pr...
Tue, May 22 2012, 11:31 AM
The housing recovery is underway according to the National Association of Realtors® (NAR) which released numbers on Tuesday to back up that claim. ...
Tue, May 22 2012, 11:28 AM
MBS Live : MBS Morning Market Summary
Bond markets continue trying to hold their ground so far this morning against what, thus far, looks t...
