Tue, Apr 10 2012, 3:33 PM
Mortgages Rates improved again today , though some lenders' rates were little changed. This marks the second day of moderate improvement and consol...
Mon, Apr 9 2012, 11:32 AM
Fannie Mae's March National Housing Survey indicates that consumers may finally realize that the good times for buy a home might not last forever. ...
Mon, Apr 9 2012, 11:10 AM
MBS Live : MBS Morning Market Summary
Things have been quiet so far this morning, both in terms of volume and volatility. We've seen just ...
Mon, Apr 9 2012, 10:15 AM
How much
did your company make on every transaction in the 4th quarter? For lenders, in
basis points, the average production
profit (net productio...
Mon, Apr 9 2012, 7:58 AM
With last week's FOMC Minutes out of the way on Tuesday, markets shifted gears into the last 3 days of the week--more interested in domestic economi...
Mon, Apr 9 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
It might seem a bit counterintuitive in this age of sophisticated technology that an absence of...
Mon, Apr 9 2012, 3:15 PM
Mortgages Rates improved very slightly in most cases today, though some lenders' rates were unchanged. This follows a strong move lower by most ...
Mon, Apr 9 2012, 1:33 PM
Data is the content that is input into computer software, source code is the instructions that tell the software how to work. Software users usually ...
Mon, Apr 9 2012, 1:23 PM
Senator Sherrod Brown (D-Ohio) has introduced legislation to address the lengthy process of completing real estate short sales . The process continu...
Fri, Apr 6 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
How many "wow's" can 1 month hold? In less than 30 day's, we've seen MBS drop abruptly to 4 month lo...
Fri, Apr 6 2012, 10:24 AM
Happy Good
Friday to everyone! Corruption is the stuff of Tammany Hall and Tea Pot Dome,
right? Wrong. (Look 'em up, youngsters.) There is still co...
Fri, Apr 6 2012, 9:59 AM
A Federal Reserve statement issued yesterday reminds federally regulated banks that they are permitted to rent properties in their owned real estate ...
Fri, Apr 6 2012, 4:43 PM
The Departments of Housing and Urban Development (HUD) and Treasury released the February edition of the Obama Administration's Housing Scorecard on...
Fri, Apr 6 2012, 2:53 PM
Charges were brought against two former bank executives Thursday for their involvement in a fraudulent scheme to conceal their bank's deteriorating ...
Fri, Apr 6 2012, 2:19 PM
As if there weren't already enough housing policy issues to worry about, the Center for Housing Policy points to yet another challenge on the horizon...
Fri, Apr 6 2012, 1:19 PM
Mortgages Rates moved convincingly lower today following a weaker-than-expected Jobs report . Combined with yesterday's gains, most lenders are a...
Thu, Apr 5 2012, 11:59 AM
The National Association of Home Builders/First American Improving Markets Index (IMI) grew by two metropolitan areas (MAs) in April. Thirteen new ...
Thu, Apr 5 2012, 11:55 AM
The American Bankers Associations (ABA) composite index of delinquencies in 11 loan categories fell 10 basis points in the fourth quarter of 2011 an...
Thu, Apr 5 2012, 11:55 PM
Today's NFP has been looking less and less exciting over the past two days as bond markets have put in back to back winning sessions, both of them i...
Thu, Apr 5 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
The bulk of today's 'excitement,' if you can call it that, was really seen during the overnight hours...
Thu, Apr 5 2012, 10:50 AM
Despite increased volume and lower expenses, mortgage bankers saw a substantial decline in profit margins during the fourth quarter of 2011 according ...
Thu, Apr 5 2012, 10:43 AM
While home prices are still falling, Clear Capital is predicting that the country will finally see a turn-around this year and a modest increase by ...
Thu, Apr 5 2012, 9:54 AM
In
yesterday's commentary, the information about ING should be clarified . Specifically, Capital One did recently
close on its purchase of the U....
Thu, Apr 5 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Today's trading levels couldn't have been more boring after the relative excitement of waking up to sl...
Thu, Apr 5 2012, 3:25 PM
Mortgages Rates experienced some solid gains today given the relatively uneventful trading in the bond markets that influence them . This goes a l...
Wed, Apr 4 2012, 12:02 PM
Prices are still falling, but the pace of the decline continues to slow according to the February Home Price Index (HPI) report released today by Co...
Wed, Apr 4 2012, 11:54 PM
In yesterday's morning post, we noted that the ADP data would have to confirm further bearishness in order for Tuesday's lows to get a test of weaker ...
Wed, Apr 4 2012, 11:19 AM
MBS Live : MBS Morning Market Summary
Bond markets continue to trade in better territory than yesterday's weakest levels. Most of the impr...
Wed, Apr 4 2012, 10:37 AM
A new monthly report on the state of the mortgage origination market has been initiated by Ellie Mae, a company which provides software and a mort...
Wed, Apr 4 2012, 10:25 AM
This
morning presented a real quandary for me: lead off with yet another investor
baling and sailing, discuss the umpteenth rumor that Wells Fargo i...
Wed, Apr 4 2012, 9:17 AM
A Minnesota attorney has been sanctioned by a U.S. District Court for filing what the court called " frivolous show-me-the-note actions " challengin...
Wed, Apr 4 2012, 9:00 AM
After declining steadily for six straight weeks, applications for mortgage refinancing reversed direction and drove the Mortgage Bankers Association...
Wed, Apr 4 2012, 8:02 AM
MBS went cliff-diving on Tuesday following the release of the FOMC Minutes from the 3/13/11 meeting. Interesting that it was the 3/13/11 meeting th...
Wed, Apr 4 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
MBS and Treasuries have both been eerily quiet today when viewed against the backdrop of yesterday'...
Wed, Apr 4 2012, 2:46 PM
Acting Federal Housing Finance Agency Director Edward J. DeMarco spoke to the Boston Security Analysts Society on Wednesday, in part defending his ...
Wed, Apr 4 2012, 2:26 PM
Mortgages Rates improved only moderately today despite a stronger bounce back in underlying bond markets. The Best-Execution Conventional 30y...
Tue, Apr 3 2012, 12:56 PM
Morgan Stanley is the latest large servicing operation to be sanctioned , this time by the Federal Reserve. The Fed announced this morning that it ...
Tue, Apr 3 2012, 12:51 PM
After a sharp increase in January, foreclosure starts and sales have reverse direction and resumed the steady decline they began in mid-fall. The F...
Tue, Apr 3 2012, 11:15 AM
MBS L ive : MBS Morning Market Summary
The market is doing relatively nothing to hide the fact that it's holding its breath ahead of today...
Tue, Apr 3 2012, 10:00 AM
Things are
decent in the mortgage insurance biz :
MI companies wrote $5.4 billion in new pools of risk in February. Mortgage
Insurance Companies...
Tue, Apr 3 2012, 9:25 AM
GFI Mortgage Bankers Inc., a mortgage banker with operations in seven states, is being sued by the federal government for violations of fair housing ...
Tue, Apr 3 2012, 7:54 AM
Bond markets continued to tiptoe around the task of hinting at any forceful commitment in one direction or another yesterday, and clues were in shor...
Tue, Apr 3 2012, 5:01 PM
Mortgages Rates got crushed today, relatively speaking. It's ironic that we noted yesterday's rates as getting close to 3/13's levels because tod...
Tue, Apr 3 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
MBS have sold off mightily in the wake of today's FOMC minutes. The many alerts do a good job of recap...
Tue, Apr 3 2012, 2:51 PM
A recent survey of risk managers and other banking executives conducted by FICO indicates there is increasing optimism in the industry about the e...
Mon, Apr 2 2012, 12:46 AM
Bond markets coasted into Friday afternoon in eerily stable fashion, and seemed set to head out for the weekend in significantly better territory than...
Mon, Apr 2 2012, 12:30 PM
Besides wind surfers, sailors, wind farmers, and odd people who chase tornadoes, there aren't many people who like the wind. But this map of wind in t...
Mon, Apr 2 2012, 3:39 PM
Acting in response to questions from mortgage originators and companies, the Consumer Finance Protection Bureau (CFPB) has issued a clarification on i...
Mon, Apr 2 2012, 2:23 PM
After moving higher on Friday afternoon, Mortgages Rates eased back down to Thursday's levels, leaving them in slightly better shape than most of...
Mon, Apr 2 2012, 2:03 PM
Mortgage Insurance Companies of America ( MICA ), the trade group representing private mortgage insurance companies, reported Monday that its member...
