Mon, May 7 2012, 1:33 PM
The number of housing markets on included in the National Association of Home Builders/First American Improving Markets Index was essentially unchan...
Sun, May 6 2012, 6:27 PM
This week's data calendar is exceptionally light with the exception of Fed speakers and a round of Treasury Auctions. The Fed-speak could prove somew...
Fri, May 4 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
All the vital details are pretty much covered in the updates and featured comments below. NFP came in weak...
Fri, May 4 2012, 10:56 AM
A paper just published by The Federal Reserve Bank of Boston is bound to generate a lot of comment both inside and outside of the mortgage industry....
Fri, May 4 2012, 10:30 AM
Tomorrow
is Cinco de Mayo, hence the real-life, true, yes, really true, well kind of
true tale at the end of the commentary . Anyway, tomorrow cele...
Fri, May 4 2012, 7:24 AM
The extent to which bond markets have been able to maintain a narrow range since the previous INFP has been nothing short of impressive. Certainly, n...
Fri, May 4 2012, 6:02 PM
The Administration's Housing Scorecard for April claims progress on both home sales and mortgage delinquencies "but continued fragility overall." D...
Fri, May 4 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Hitting all time highs in production MBS never felt so uneventful... In fact, it almost felt like ...
Fri, May 4 2012, 3:44 PM
Mortgages rates are at their best levels since early February following today's weaker-than-expected Employment Situation report. The improvement ...
Thu, May 3 2012, 11:20 AM
What is
33.9%? According to Inside Mortgage Finance it's Wells Fargo's market share
of the mortgage business for the 1st quarter, the most ever fo...
Thu, May 3 2012, 11:16 AM
MBS Live : MBS Morning Market Summary
The day started off with a reasonably challenging tone for bond markets. Even now, 10yr yields are u...
Thu, May 3 2012, 9:31 AM
Freddie Mac has reported net income for the first quarter of 2012 of $577 million and comprehensive income of $1.79 billion. The financial report, re...
Thu, May 3 2012, 7:54 AM
Wednesday began in slightly better territory right from the outset as the European debt helped US Treasuries kick off the session with about half of T...
Thu, May 3 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
This morning LOOKED like it might buck the trend and actually provide some semblance of directional...
Thu, May 3 2012, 3:16 PM
Mortgages rates are unchanged to slightly higher today. The change is so minimal that for all intents and purposes, you might as well consider rat...
Wed, May 2 2012, 12:19 PM
A veteran
banker once told me, "I've never seen a luggage rack on a hearse."
Many "experts," perhaps wishing to make a name for themselves, called
...
Wed, May 2 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
The headline above is carefully chosen. At first blush, we might consider this morning's stronger bo...
Wed, May 2 2012, 9:42 AM
The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey reported this morning that applications for home purchase mortgages inc...
Wed, May 2 2012, 7:40 AM
Market response to ADP's report on private payrolls is about as "hit or miss" as its short term correlation with NFP private payrolls component. Inte...
Wed, May 2 2012, 4:44 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Wed, May 2 2012, 3:13 PM
Mortgages rates are unchanged to slightly lower today, after shying away from multi-month lows yesterday. A weaker than expected employment report ...
Wed, May 2 2012, 2:25 PM
The March Mortgage Monitor Report from Lender Processing Services (LPS) showed a slight uptick in several measures of foreclosure activity , but over...
Wed, May 2 2012, 2:12 PM
At current near-record levels of consumer mortgage rates, and with MBS prices grinding higher, a natural question is whether rates are poised to p...
Tue, May 1 2012, 11:32 AM
A police
recruit was asked during the exam, "What would you do if you had to arrest
your own mother?" He answered, "Call for backup."
The SEC ...
Tue, May 1 2012, 11:13 AM
Most measures of foreclosure activity in March remained at February levels but showed significant improvement from one year earlier according to t...
Tue, May 1 2012, 11:08 AM
MBS Live : MBS Morning Market Summary
Following yesterday's weaker-than-expected Chicago PMI report, markets were geared up for a similar...
Tue, May 1 2012, 9:30 AM
Another top executive at Freddie Mac has announced his intention to leave the company. Anthony Renzi , the company's executive vice president of Si...
Tue, May 1 2012, 8:05 AM
Mortgage Guaranty Insurance Corporation (MGIC) has settled a suit with the Department of Justice arising out of a claim that it discriminated against...
Tue, May 1 2012, 7:28 AM
Other than the sheer lack of volume/participation, Monday's most notable feature turned out to be Chicago's ISM numbers. The drop from 62.2 last mont...
Tue, May 1 2012, 4:55 PM
Two Democratic members of the House Committee on Oversight and Government Reform fired another salvo in their continuing battle with Federal Housing F...
Tue, May 1 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
The closer and closer we get to 5pm, the more it seems that this morning's ISM-inspired sell-off wi...
Tue, May 1 2012, 2:53 PM
Just before reaching fresh multi-month lows, Mortgages Rates rose slightly today after a stronger than expected read on the manufacturing sector....
Mon, Apr 30 2012, 12:49 PM
The RPX Monthly Housing Market Report says that both home sales and home prices increased strongly in the month ended February 16. The RPX Composite ...
Mon, Apr 30 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
Despite a much weaker-than-expected Chicago PMI, bond markets have generally been content trading in ...
Mon, Apr 30 2012, 10:43 AM
Friday was
not a good day for five very weak banks as, through various methods, the FDIC
closed them. (Twenty two have closed in 2012.) In all but o...
Mon, Apr 30 2012, 7:45 AM
Bond markets traded in jaw-droppingly narrow ranges last week given the presence of the FOMC events (announcement, forecasts, press conference) and Q1...
Mon, Apr 30 2012, 6:15 PM
Respondents to the April Federal Reserve Senior Lending Officers Survey were asked a series of special questions about residential mortgage lending...
Mon, Apr 30 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
MBS and Treasuries looked like they might have been drifting into slightly better territory in the first ...
Mon, Apr 30 2012, 3:54 PM
Mortgages Rates are moderately improved to begin the week, taking them slightly lower than than April's best two days (4/10 and 4/23) and as close ...
Mon, Apr 30 2012, 1:28 PM
Vacancy rates for both owner-occupied and rental properties dropped to new recent lows in the first quarter of 2012 according to data released by the...
Fri, Apr 27 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
"You shall not pass!" Resistance levels in bond markets joined the ranks of Gandalf and The Black Knight i...
Fri, Apr 27 2012, 9:43 AM
A
Washington hot dog vendor is selling a two foot wiener that tastes bitter, is
hard to swallow, and is very expensive. It is named "The Dodd Frank....
Fri, Apr 27 2012, 7:20 AM
Thursday turned out to be ridiculously narrow given that it followed FOMC Day. Then again, if you tend to agree with the assessment that Bernanke and...
Fri, Apr 27 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
This is the third Friday in a row where we've looked back on what we would have thought would be a...
Fri, Apr 27 2012, 1:47 PM
Mortgages Rates are unchanged from yesterday, capping an extremely flat and historically low week. The FOMC events on Wednesday gave lenders some ...
Thu, Apr 26 2012, 11:14 AM
MBS Live : MBS Morning Market Summary
Little has changed for MBS and Treasuries following this morning's Jobless Claims numbers. The slightly we...
Thu, Apr 26 2012, 10:52 AM
The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) decreased one point in the first quarter of 2012 to 48 from an upwar...
Thu, Apr 26 2012, 10:15 AM
Pending home sales rose in March to 101.4 on the National Association of Realtors® (NAR) Pending Home Sales Index released this morning. This is a 4...
Thu, Apr 26 2012, 9:54 AM
I received
this note from a mortgage bank owner in Louisiana: "Hey Rob, get a load of
this! We had an investor come back to us, asking that we prov...
Thu, Apr 26 2012, 8:11 AM
The frequent reports on foreclosure activity issued by RealtyTrac usually focus on national and state level statistics but a report issued this mornin...
