Thu, Mar 15 2012, 11:15 AM
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Thu, Mar 15 2012, 9:40 AM
Foreclosure filings during the month of
February were down 2 percent from filings in January and 8 percent from the
pace set in February 2011. Data...
Thu, Mar 15 2012, 8:13 AM
Treasuries were weaker again in the overnight session, again in huge volume, and by a sizable amount. Selling was more pronounced in the Asian sessio...
Thu, Mar 15 2012, 5:04 PM
Mortgages Rates took a beating yesterday, with the recently prevalent 3.875% Best-Execution rate for 30-Year Fixed, Conventional Loans falling comp...
Thu, Mar 15 2012, 4:20 PM
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Thu, Mar 15 2012, 3:14 PM
As we noted yesterday, we're expecting wider trading ranges following yesterday's big breakout. Although we did have nearly a 10bp range in 10yr yiel...
Thu, Mar 15 2012, 2:30 PM
The Treasury market has sold off over the last few sessions with a
violence that brought the debacle of 1994 to mind for industry veterans. The yiel...
Thu, Mar 15 2012, 2:19 PM
The number of completed foreclosures in
January rose to 69,000 from 65,000 in December according to the National
Foreclosure Report released today...
Thu, Mar 15 2012, 2:07 PM
The servicers scoring STAR rewards for
the second half of 2011 were announced today by Fannie Mae . STAR, the Servicer Total Achievement and
Re...
Wed, Mar 14 2012, 11:21 AM
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Wed, Mar 14 2012, 10:53 AM
Happy Pi
Day. (Remember high school geometry...)
As
expected, the Fed did not make any policy changes at yesterday. Perhaps they most
of their ...
Wed, Mar 14 2012, 10:35 AM
The majority of the large bank holding companies in
the country have successfully completed the latest round of bank stress tests
conducted by the...
Wed, Mar 14 2012, 10:16 AM
Mortgage applications during the week
ended March 9 declined 2.4 percent on a seasonally adjusted basis and 1.8
percent unadjusted from the previou...
Wed, Mar 14 2012, 8:15 AM
It's an ugly morning. Bond markets have done everything they can to push yields as high as possible in as short a time as possible and with as much v...
Wed, Mar 14 2012, 4:50 PM
Mortgages Rates moved higher today at their fastest pace in months. 3.875% Best-Execution is off the table today and even the more aggressively-p...
Wed, Mar 14 2012, 4:17 PM
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Wed, Mar 14 2012, 3:48 PM
The Department of Housing and Urban
Development released five reports from its Office of Inspector General on Tuesday
based on reviews of the for...
Wed, Mar 14 2012, 3:17 PM
As far as bad days go for bond markets and MBS, today was about as bad as it gets . 10yr yields hit their 3pm close about 16 bps higher than yesterd...
Wed, Mar 14 2012, 3:03 PM
An Appraisal Institute official told the
U.S. Sentencing Commission that appraisals rather than tax assessments should
be the standard for compu...
Tue, Mar 13 2012, 12:34 PM
After opening weaker and continuing to sell in the morning hours, MBS and Treasuries have moved into a bit of a sideways stance ahead of the first of ...
Tue, Mar 13 2012, 11:18 AM
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Tue, Mar 13 2012, 11:08 AM
Everyone
wants feedback these days: the CFPB, Burger King (I got a free $3 chicken
sandwich after spending 30 minutes filling out a survey!), servic...
Tue, Mar 13 2012, 8:07 AM
Stock futures and Treasury yields moved higher overnight, helped by yesterday's final approval of the Greek bailout funds (expected) and a very strong...
Tue, Mar 13 2012, 5:57 PM
Three executives of Thornburg
Mortgage Company were charged today with securities violations for hiding the
financial condition of the company. T...
Tue, Mar 13 2012, 4:38 PM
Despite the uneventful start to the week yesterday, Mortgages Rates are sharply higher today, rapidly re-introducing 4.0% as the more prevalen...
Tue, Mar 13 2012, 4:18 PM
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Mon, Mar 12 2012, 11:22 AM
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Mon, Mar 12 2012, 10:10 AM
Here's
some good news for some: The Financial Times reports that, "The Federal Reserve
is this week expected to pave the way for a
doubling of ban...
Mon, Mar 12 2012, 4:18 PM
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Mon, Mar 12 2012, 3:21 PM
After ending the previous week with two days in a row of being unchanged, Mortgages Rates begin the current week in slightly better territory. 3.87...
Mon, Mar 12 2012, 3:18 AM
As we look ahead to the current week's calendar of events, we're starting to think that last week may have only been a diversion for the real attac...
Mon, Mar 12 2012, 1:58 PM
As expected, volume and volatility have been quite light today as the week's more meaningful events are on hold until tomorrow. This morning's schedu...
Sat, Mar 10 2012, 10:04 AM
Sometimes
I revert back to 5th grade. (Some would suggest I'm still in it.) Have you
heard of the new HAMP-related Principal Reduction Alternative P...
Fri, Mar 9 2012, 12:52 PM
The Wall Street Journal reported this morning that Bank of
American (BOA) has struck a side deal with the government that would cut
penalties ass...
Fri, Mar 9 2012, 11:33 AM
The Federal Housing Finance Agency,
conservator of Freddie Mac and Fannie Mae has produced a scorecard for the two
government sponsored enterprises ...
Fri, Mar 9 2012, 11:22 AM
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Fri, Mar 9 2012, 9:21 AM
"Hey
Rob, just a hunch here but figured it probably plays into the equation. FHA is
requiring that we pull case numbers on or after June 11 on this ...
Fri, Mar 9 2012, 8:01 AM
Yesterday's Jobless Claims report--the day's only piece of domestic economic data--proved to be a non-event, with markets instead focusing on trading ...
Fri, Mar 9 2012, 4:22 PM
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Fri, Mar 9 2012, 2:53 PM
Today's headline is a bit of a play on Yesterday's: Mortgage Rates Completely Flat Ahead of Tomorrow's Jobs Data . The monthly Employment Situation ...
Fri, Mar 9 2012, 1:45 PM
Today had such good potential as far as market-movers go... Not only did we have The Employment Situation Report-- always the most important piece...
Fri, Mar 9 2012, 1:00 PM
Freddie Mac announced that it has posted
a net income of 619 million for the quarter ended December 31, 2011 and total
comprehensive income of 1....
Thu, Mar 8 2012, 11:15 AM
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Thu, Mar 8 2012, 9:51 AM
Here's a
walk down Memory Lane. "From my point of view, if 80% of the sub-prime
borrowers are managing to make ends meet and make the mortgage payme...
Thu, Mar 8 2012, 8:02 AM
Bond markets open today slightly weaker after an overnight session characterized by linear, uneventful selling within a range and extremely light volu...
Thu, Mar 8 2012, 4:37 PM
As capital market consultants, we spend a lot of time talking and thinking about servicing-what it is, how it is valued, and how it can be expected to...
Thu, Mar 8 2012, 4:15 PM
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Thu, Mar 8 2012, 2:32 PM
Yesterday, we noted that Mortgages Rates were essentially unchanged. By comparison, today is even more unchanged! Certainly, Best-Execution of...
Thu, Mar 8 2012, 2:05 PM
CoreLogic's March edition of The Market Pulse , produced in a magazine
format, has two articles that caught our attention. The first, "Keep on Tr...
Thu, Mar 8 2012, 1:50 PM
Late this afternoon, it's time once again to retire the current month's crop of Fannie and Freddie 30yr Fixed MBS. While the drop in prices between M...
