Tue, Jan 17 2012, 10:16 AM
Bank cards were the only type of
consumer debt to see a decline in defaults during December according to data
released today by S&P Indices and Expe...
Tue, Jan 17 2012, 9:48 AM
The
Federal Budget and National Debt numbers are so large that it's often difficult
to get a grasp of just exactly how much money is being discussed...
Tue, Jan 17 2012, 8:42 AM
MBS are off to an uneventful start this morning, quickly capturing back some of the losses that took them near the lows of Friday's session. Similarl...
Tue, Jan 17 2012, 4:15 PM
MBS Live : MBS RECAP
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FNMA 3.5
...
Tue, Jan 17 2012, 3:08 PM
After setting new records on Friday, Mortgage Rates
are absolutely flat to start the week. That means that Best-Execution
remains most appropri...
Tue, Jan 17 2012, 2:24 PM
The
Appraisal Institute has apparently had enough and has decided to fight back
against what it perceives as unwarranted blame for depressed home...
Tue, Jan 17 2012, 2:15 PM
The Federal Deposit Insurance
Corporation ( FDIC ) has issued a notice of proposed rulemaking (NPR) for
comment. The NPR would require the
lar...
Tue, Jan 17 2012, 1:54 PM
Today has been overwhelmingly slow and uneventful for MBS and Treasury markets alike. Volume is lower than every day last week with the exception, pe...
Mon, Jan 16 2012, 11:15 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
103-07 : +0-05
...
Mon, Jan 16 2012, 10:55 AM
Remember
in the old days when all you had to worry about was trying to decipher lyrics
from folks like Mick Jagger and Van Morrison? Instead we are ...
Mon, Jan 16 2012, 4:15 PM
MBS Live : MBS RECAP
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FNMA 3.5
103-07 : +0-05
...
Fri, Jan 13 2012, 12:06 PM
The Chicago Board Options Exchange
(CBOE) will soon permit futures trading in housing through a derivative based
on the Radar Logic Composite Pric...
Fri, Jan 13 2012, 11:17 AM
There are
folks out there that believe doing Sudoku puzzles will stave off senility and Alzheimer's.
I don't do the puzzles, and don't believe the c...
Fri, Jan 13 2012, 11:15 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
103-10 : +0-08
...
Fri, Jan 13 2012, 10:35 AM
New York Fed President William Dudley
recently called for broad-based refinancing of performing home mortgages . It wasn't a statement that elicite...
Fri, Jan 13 2012, 8:15 AM
Volume was moderate overnight after a healthy session yesterday. 10yr yields rose to yesterday's highs around 1.94 around 230am this morning before c...
Fri, Jan 13 2012, 4:15 PM
MBS Live : MBS RECAP
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FNMA 3.5
...
Fri, Jan 13 2012, 3:54 PM
How many times will we have the opportunity to write this headline in 2012? Yet again, Mortgage Rates
on average, have broken recently set record...
Fri, Jan 13 2012, 2:52 PM
In both long and short term contexts, MBS's march to the top has been uncanny in terms of its stability and determination. Lately we've noted with in...
Thu, Jan 12 2012, 11:24 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
...
Thu, Jan 12 2012, 10:49 AM
Foreclosure activity hit its lowest level in four years in 2011, decreasing by a third from the previous year according to data released today by Rea...
Thu, Jan 12 2012, 10:36 AM
Did you
know that dolphins are so smart that within 2 weeks of being in captivity they
can train a human to stand on the edge of a pool and give the...
Thu, Jan 12 2012, 10:02 AM
Economic Data Recap:
Retail Sales - Perhaps the most anticipated report of the week, December Retail Sales, missed expectations this morning, r...
Thu, Jan 12 2012, 8:17 AM
Stocks are moderately higher overnight, led by European averages after much better-than-expected debt auctions in Spain and Hungary. S&P futures rose...
Thu, Jan 12 2012, 4:24 PM
MBS Live : MBS RECAP
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FNMA 3.5
...
Thu, Jan 12 2012, 3:11 PM
Mortgage Rates
held steady to slightly improved today. This comes after yesterday marked the first hint of rate drama we've seen in 2012, which wa...
Wed, Jan 11 2012, 11:24 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
...
Wed, Jan 11 2012, 11:15 AM
As has been the case so many times of late, MBS are holding steady while benchmarks are trending. Fannie 3.5's are basically trading at opening level...
Wed, Jan 11 2012, 11:14 AM
The Office of Inspector
General ( OIG ) for the Federal Housing Finance Agency ( FHFA ) has released an
assessment of the FHFA's oversight of troub...
Wed, Jan 11 2012, 10:54 AM
Some would
say it is grim out there, and no, I am not talking about Hostess Brands, the manufacturer
of Twinkies, Ho Hos, and Ding Dongs cake snacks...
Wed, Jan 11 2012, 9:14 AM
There was a slight increase in mortgage
applications during the first week of 2012 according to data released this
morning by the Mortgage Bankers...
Wed, Jan 11 2012, 8:47 AM
From MBS Live this morning: It's ironic that the original lyrics to "Silent Night" were written in German ("stille nacht,") because our overnight se...
Wed, Jan 11 2012, 5:15 PM
Yesterday marked the first day in 2012 where Mortgage Rates
increased by any sort of statistically significant amount. Even so, it was only signi...
Wed, Jan 11 2012, 4:24 PM
MBS Live: MBS RECAP
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FNMA 3.5 102-31 : +0-06
FNMA 4.0 105-05 : +0-04
FNMA 4.5 106-19 : +0-07 ...
Wed, Jan 11 2012, 2:50 PM
Earlier today on MBS Live, after briefly discussing the results of today's 10yr Auction, a question came up basically asking if I could explain what I...
Tue, Jan 10 2012, 11:53 AM
HOPE Now, the industry group that
modifies privately held mortgages is on track to complete one million
modifications in 2011 . The alliance of
m...
Tue, Jan 10 2012, 11:23 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
...
Tue, Jan 10 2012, 11:11 AM
There's a palpable lack of excitement in bond markets today despite improving volume. One might consider the highest S&P levels in more than 4 months...
Tue, Jan 10 2012, 10:34 AM
Two reports on U.S. home prices were released on
Monday. The two, the CoreLogic Home
Price Index (HPI) and the Clear Capital Home Data Index (HDI)...
Tue, Jan 10 2012, 10:10 AM
Last
weekend I took my daughter, who is taking some fancy economics class in high
school, with me to the used record store. I had eighty three 45 RP...
Tue, Jan 10 2012, 10:05 AM
The Consumer Financial Protection Bureau
(CFPB) is now accepting mortgage complaints from consumers who have experienced
problems across the spectru...
Tue, Jan 10 2012, 8:14 AM
A general uptick in "risk-on" trading prevailed overnight. Volume remains somewhat subdued versus the healthier days from the end of last week, but i...
Tue, Jan 10 2012, 5:47 PM
The President and Chief Executive Officer of Fannie Mae, Michael J. Williams has announced his intention to resign. Williams, who has held the dual...
Tue, Jan 10 2012, 4:23 PM
MBS Live : MBS RECAP
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FNMA 3.5
...
Tue, Jan 10 2012, 3:12 PM
Mortgage Rates finally experienced their first noticeable move higher in 2012, although it should be noted that "noticeable" doesn't necessarily mean...
Mon, Jan 9 2012, 11:40 AM
The list of housing markets demonstrating
improvement on a trio of housing-related measures took a big jump in January,
rising to 76 cities from 4...
Mon, Jan 9 2012, 11:30 AM
Federal Reserve Board Governor Sarah
Bloom Raskin told a law school group on Friday that the judicial morass arising
out of the mortgage crisis , ...
Mon, Jan 9 2012, 11:15 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
...
Mon, Jan 9 2012, 11:10 AM
Throughout late 2011, Fannie 3.0's truly took on a role as "it that shall not be named" in the Live Chat window on MBS Live! Indeed, at almost no poin...
Mon, Jan 9 2012, 9:41 AM
The IRS
said that taxpayers will have until April 17 to file their 2011 returns, thanks
to two quirks of the calendar this year: April 15 falls on a...
