Thu, Oct 6 2011, 2:24 PM
The weakness in MBS and Treasuries over the past few days has been unpleasant, but at least the charts are suggesting it's been a calculated move. No...
Wed, Oct 5 2011, 12:57 PM
While all that follows could be at moot point tomorrow and beyond, for today at least, parts of the market are leaving the possibility open for MBS to...
Wed, Oct 5 2011, 12:31 PM
The Mortgage Bankers Association's (MBA's)
Market Composite Index, a measure of mortgage loan application volume , fell 4.3
percent on a seasonally...
Wed, Oct 5 2011, 11:35 AM
The
English language has different nouns for the various groups of animals. We call
a bunch of cows a "herd." We call a group of geese a "gaggle," a...
Wed, Oct 5 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
...
Wed, Oct 5 2011, 10:51 AM
Three law firms are seeking participants
in a class action law suit seeking damages from 13 lenders for alleged fraud
against borrowers seeking ...
Wed, Oct 5 2011, 10:28 AM
Just like bond markets were struggling after Bernanke's testimony yesterday, but not directly because of the testimony, so too are they struggling tod...
Wed, Oct 5 2011, 10:18 AM
The Mortgage Bankers Association (MBA)
released its report on the commercial/multi-family finance picture for the
second quarter on Tuesday, sayin...
Wed, Oct 5 2011, 9:14 AM
Intermediate and long-term Treasuries are backing off this morning as the stock market continues to climb following a stunning 45-minute rally to end ...
Wed, Oct 5 2011, 5:00 PM
The Departments of Housing and Urban
Development (HUD) and Treasury have issued the administration's September
Housing Scorecard . The scorecard i...
Wed, Oct 5 2011, 4:49 PM
It's been an interesting few days in markets as several huge factors continue to jockeying for position as the most important market-mover. That's cr...
Wed, Oct 5 2011, 4:32 PM
Bond markets were slightly weaker
today and Mortgage Rates edged just
slightly higher, shifting the balance toward 4.0% as the more prevalent
B...
Wed, Oct 5 2011, 4:22 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Tue, Oct 4 2011, 12:34 PM
The August Mortgage Monitor report released on Monday by
Lender Processing Services, Inc. (LPS) paints a mixed picture of the current
state of for...
Tue, Oct 4 2011, 11:34 AM
"As
previously announced, Bank of America Home Loans plans to exit the
correspondent mortgage lending channel and focus entirely on retail
distribu...
Tue, Oct 4 2011, 11:19 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
...
Tue, Oct 4 2011, 8:25 AM
Risk aversion pushed the 30-year Treasury to a multi-year high overnight and equities are tumbling hard even after a substantial fall on Monday.
"...
Tue, Oct 4 2011, 5:16 PM
The answer to the question posed in the headline will turn out to be "not in the slightest." But if you happen to have time for more than once senten...
Tue, Oct 4 2011, 4:55 PM
After improving for several days and
falling in line with all-time lows, Mortgage
Rates took a step back today. Just as most of yesterday's ga...
Tue, Oct 4 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Tue, Oct 4 2011, 2:29 PM
The Office of Inspector General
( OIG ) for the Federal Housing Finance Agency ( FHFA ) has released critical preliminary
findings from an audit con...
Mon, Oct 3 2011, 12:07 PM
A huge crack appeared in the unified front represented by the 50 states'
attorneys general (AGs) on Friday when California withdrew from multi-state...
Mon, Oct 3 2011, 11:24 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
...
Mon, Oct 3 2011, 11:08 AM
It's off to the races so far this morning as MBS and longer-maturity Treasuries are rallying significantly. Some of the later days in September had b...
Mon, Oct 3 2011, 11:04 AM
Well, here
we are. The sun managed to come up (so far at least on the East Coast) after
the temporary loan limits weren't extended. On Oct. 1, the s...
Mon, Oct 3 2011, 9:29 AM
With the worst quarter for stocks since 2008 now behind, global investors are hoping and praying for the return of stability and growth. But fears of ...
Mon, Oct 3 2011, 5:06 PM
A familiar scenario played out overnight and through the trading session. It goes like this: new information comes to light about the potential for a...
Mon, Oct 3 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Mon, Oct 3 2011, 4:04 PM
Bond
markets rallied heavily today and Mortgage Rates
continued to improve. Most of the gains were seen in the form of lower
borrowing costs t...
Mon, Oct 3 2011, 1:16 PM
A few updated versions of the charts I posted earlier today. S&P's continue to fall, and 10yr year yields are following along with a high degree of c...
Fri, Sep 30 2011, 11:24 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
...
Fri, Sep 30 2011, 10:36 AM
Baseball
fans will know the answer to this one: What's the difference between a hot dog
at Fenway Park and a hot dog at Yankee Stadium? Answer: You ...
Fri, Sep 30 2011, 9:00 AM
The final day of the third quarter is off to a weak start as cash flows out of equity markets to send already-low Treasury rates even lower. The culpr...
Fri, Sep 30 2011, 4:54 PM
Mortgage Rates
continued to improve today, adding on to yesterday's already impressive gains. Best-Ex moved solidly down to lower of the
two rate...
Fri, Sep 30 2011, 4:24 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Fri, Sep 30 2011, 3:30 PM
In yesterday's commentary, we noted that the stock lever has been well-connected and that the same could be true of today. As you'll see in the chart...
Fri, Sep 30 2011, 2:24 PM
The passion Adam Quinones has for improving the entire
landscape of housing finance is undeniable. I've never met anyone who has
cared more about w...
Fri, Sep 30 2011, 1:31 PM
The eight national banks and single federal
savings association servicing the largest loan portfolios reported that first
mortgage performance decli...
Thu, Sep 29 2011, 11:24 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
...
Thu, Sep 29 2011, 10:58 AM
When it comes to mortgage fraud, the
chickens are still coming home to roost from the housing boom of the last
decade. The Financial Crimes Enforce...
Thu, Sep 29 2011, 10:51 AM
With two
business days left in this month, and companies scrambling to fund either high
balance loans or Streamline loans where rates have dropped e...
Thu, Sep 29 2011, 8:22 AM
The Treasury market is taking a breather and equity futures are pointing higher following a last hour sell-off Wednesday that pushed indexes down roug...
Thu, Sep 29 2011, 4:51 PM
For the 2nd day in a row, MBS made progress in bouncing supportively off what had once been incredibly firm resistance. We speak of course of the "co...
Thu, Sep 29 2011, 4:24 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Thu, Sep 29 2011, 3:55 PM
After leveling-off yesterday Mortgage Rates saw some solid improvements
today, in many cases dropping Best-Execution rates by an eighth of a poin...
Thu, Sep 29 2011, 2:40 PM
While
overall rates of mortgage related fraud appear to have fallen significantly in
2011, some particular manifestations have increased dramaticall...
Thu, Sep 29 2011, 2:10 PM
The August Pending Home Sales Index issued by the National
Association of Realtors slipped
slightly from July's numbers, portending a few more ...
Wed, Sep 28 2011, 11:30 AM
Most of my
friends barely know what a mortgage broker is, yet the president brought up the
term in a speech: "...it is our responsibility to make su...
Wed, Sep 28 2011, 11:19 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
...
Wed, Sep 28 2011, 9:00 AM
Lower
interest rates following the Federal Reserve's announcement fueled a surge in mortgage applications late
last week. According to the Mortga...
