Wed, Jul 27 2011, 10:47 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage
Applications Survey* for the week ending July 22, 2011.
Last week the ...
Wed, Jul 27 2011, 10:03 AM
A loan
agent sent me a joke yesterday: "What's the difference between the US
government and a subprime borrower? None - they borrow money that they ...
Wed, Jul 27 2011, 8:24 AM
The bond market remains steady despite continued uncertainty regarding the U.S. debt ceiling and a possible sovereign credit downgrade.
The benchma...
Wed, Jul 27 2011, 5:06 PM
Although BestExecution quotes didn't change today, the borrowing
costs associated with those rates rose enough to erase yesterday's
improvements, pl...
Wed, Jul 27 2011, 5:01 PM
UBS Americas Inc., several of its
subsidiaries, and four former executive officers were sued Wednesday morning in
U.S. District court for the Southe...
Wed, Jul 27 2011, 4:22 PM
MBSonMND : MBS RECAP
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FNMA 3.5
96-08 : -0-10
...
Tue, Jul 26 2011, 12:04 PM
The Census Bureau and Department of Housing and Urban Development have
released New
Residential Sales data for June 2011.
New Residential S...
Tue, Jul 26 2011, 11:17 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
96-15 : +0-10
...
Tue, Jul 26 2011, 10:15 AM
Today
marks the 21st anniversary of the signing of the Americans with Disabilities
Act, which guarantees "equal opportunity for people with disabili...
Tue, Jul 26 2011, 8:24 AM
Competing debt ceiling action plans have led to stagnation in Washington and slowly rising interest rates. There has however been little conviction in...
Tue, Jul 26 2011, 4:22 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-17 : +0-12
...
Tue, Jul 26 2011, 3:59 PM
Home loan borrowing costs enjoyed modest improvements today.
While these gains are encouraging, fear of the unknown has put lenders back on
the ...
Tue, Jul 26 2011, 2:31 PM
Home prices in much of the nation
increased in May according to the S&P/Case
Shiller Home Prices Indices (HPI) released on Tuesday. May was the...
Mon, Jul 25 2011, 11:48 AM
When
somebody begins a sentence with "It would be nice if..." the right
thing to do is to wait politely for the speaker to finish. No project ever g...
Mon, Jul 25 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
96-10 : -0-09
...
Mon, Jul 25 2011, 8:30 AM
The debt ceiling debate is expected to be the primary mover of money in the week ahead. There will however be plenty of economic data to digest along...
Mon, Jul 25 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-06 : -0-12
...
Mon, Jul 25 2011, 3:32 PM
Home loan borrowing costs moved marginally higher last week.
Fortunately these
unfriendly developments did not negatively impact Current Market
...
Mon, Jul 25 2011, 2:21 PM
Fannie Mae's Economic and Mortgage Market Analysis for
July describes second quarter economic data received so far as "discouraging," and
forec...
Fri, Jul 22 2011, 11:55 AM
Here's a
Planning & Scheduling Algorithm for any company: "Choose two: Good,
Fast, Cheap."
An
apparent consequence of Dodd Frank, MetLife ...
Fri, Jul 22 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
96-19 : +0-11
...
Fri, Jul 22 2011, 8:18 AM
Treasuries are slightly firmer and equities are mixed following new earnings reports Friday morning. The benchmark 10-year Treasury yield is two basi...
Fri, Jul 22 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-20 : +0-11
...
Fri, Jul 22 2011, 3:35 PM
Home loan borrowing costs moved marginally higher this week. Fortunately these
unfriendly developments did not negatively impact Current Market
Be...
Thu, Jul 21 2011, 11:44 AM
"If
you make a general statement, a Secondary Marketing Manager says, 'Yes, but ...'
while a loan officer says, 'Yes, and ...'"
Sometimes I w...
Thu, Jul 21 2011, 11:19 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-15 : -0-11
...
Thu, Jul 21 2011, 9:49 AM
I found the timing of this news to be extra interesting. WHY? Because the Consumer Financial Protection Bureau goes live today! Ironic isn't it? ...
Thu, Jul 21 2011, 8:31 AM
The market is mixed but relatively steady as investors prepare to digest new economic data and quarterly statements earnings. While the latest data fr...
Thu, Jul 21 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-12 : -0-14
...
Thu, Jul 21 2011, 4:19 PM
Home loan borrowing costs increased today, basically to the high side of
their recent "sideways" range. Lenders continue to price their loans from a...
Thu, Jul 21 2011, 2:52 PM
There
has been periodic speculation that one factor in the continuing high
unemployment levels is "house lock," or the reluctance of households to ...
Wed, Jul 20 2011, 11:23 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-24 : -0-08
...
Wed, Jul 20 2011, 10:41 AM
"If
I owned Texas and Hell, I would rent out Texas and live in Hell." So spoke
Civil War General Philip Sheridan, who was the military governor of T...
Wed, Jul 20 2011, 8:48 AM
Stocks are rallying and bonds are selling this morning.
The 10-year Treasury yield remains well below 3% as both U.S. and European debt
concerns...
Wed, Jul 20 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-24 : -0-07
...
Wed, Jul 20 2011, 4:15 PM
Home loan borrowing costs were basically unchanged today. Mortgage rate movements have gone sideways. Fear of the unknown has put lenders back in a de...
Wed, Jul 20 2011, 3:21 PM
An increase in contract cancellations
caused a decline in the sales of existing homes in June. Still, according to the National
Association of Real...
Wed, Jul 20 2011, 1:24 PM
The Mortgage Bankers Association today reported a significant increase in the number of refinance applications taken last week, purchase demand on the...
Tue, Jul 19 2011, 11:23 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-15 : -0-03
...
Tue, Jul 19 2011, 9:36 AM
"What does the mummy do when
he goes to the bookstore? He gets all wrapped up in a good book!" But in
three headlines from last night, a paradigm s...
Tue, Jul 19 2011, 4:23 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-31 : +0-13
...
Tue, Jul 19 2011, 3:57 PM
Driven by a dramatic rise in
multi-family construction, U.S. housing jumped unexpectedly to of an annualized
rate of 629,000 housing units in June. ...
Tue, Jul 19 2011, 3:53 PM
Home loan borrowing costs moved higher today. Fortunately these unfriendly developments did not negatively impact Current Market BestExection Mortga...
Mon, Jul 18 2011, 9:26 AM
"Texting
is like intellectually roaming free in a cul-de-sac." Feel free to quote
Ralph Nader on that one.
Five-time
Jeopardy winner Rich Cordr...
Mon, Jul 18 2011, 9:04 AM
A "flight to safety" led benchmark bond yields and mortgage rates lower last week.
Poor economic data combined with ongoing EU contagion concerns...
Mon, Jul 18 2011, 6:18 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
96-24 : -0-01
...
Mon, Jul 18 2011, 4:23 PM
MBSonMND : MBS RECAP
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FNMA 3.5
96-19 : -0-06
...
Mon, Jul 18 2011, 3:43 PM
Mortgage rates spent most of last week in recovery mode after experiencing a sharp spike in late-June/early-July. Unfortunately just before the weeken...
Mon, Jul 18 2011, 2:21 PM
Two press releases that came out on
Monday may point to a new direction for the residential construction market and
perhaps for housing policy.
H...
Fri, Jul 15 2011, 11:23 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
