Thu, Aug 4 2011, 10:20 AM
RMIC
threw in the proverbial towel Wednesday afternoon. "We wish to inform you that Republic
Mortgage Insurance Company (" RMIC ") will discontinu...
Thu, Aug 4 2011, 8:29 AM
Wednesday's fast-trading volatile session ended with some respite as Treasuries finished where they began and equities turned slightly upwards, but th...
Thu, Aug 4 2011, 4:44 PM
The craziness continues...
Mortgage rates and most things related to bonds have
ventured back into record setting territory. Stock markets are at ...
Thu, Aug 4 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
100-16 : +1-05
...
Thu, Aug 4 2011, 3:04 PM
Short covering has played a pivotal role in the surprisingly strong rates rally we've enjoyed over the past 5 sessions.
"Short covering" is when...
Wed, Aug 3 2011, 12:37 PM
Two of housing's major players have weighed
in with comments on proposed standards for mortgage risk retention under the
Dodd-Frank Wall Street Refo...
Wed, Aug 3 2011, 11:18 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
99-18 : +0-15
...
Wed, Aug 3 2011, 11:04 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage
Applications Survey* for the week ending July 29, 2011.
Excerpts fro...
Wed, Aug 3 2011, 10:48 AM
Lots of
folks take vacations during the summer, and many have to ration out their
days-off during the year. How does the amount of vacation you have...
Wed, Aug 3 2011, 8:50 AM
Markets are calm in early trading following a massive flight to quality and equity sell-off on Tuesday. Treasuries weakened modestly overnight before ...
Wed, Aug 3 2011, 4:18 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
99-09 : +0-07
...
Wed, Aug 3 2011, 4:18 PM
Mortgage rates rallied again today and consumer borrowing costs drifted a little lower.
Deciding whether or not to lock a loan between now and the ...
Wed, Aug 3 2011, 3:51 PM
We've been waiting for this moment for almost 9 months. It has finally come. Beware, there's gonna be some "horn tootin" in this commentary...
From...
Tue, Aug 2 2011, 11:18 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
98-23 : +0-17
...
Tue, Aug 2 2011, 10:40 AM
And so
the debt ceiling legislation passes the House of Representatives and heads to
the Senate. So the market's attention turns back to the fact th...
Tue, Aug 2 2011, 8:31 AM
A bearish growth outlook remains the dominant theme even as the Senate prepares to vote on a bill, already passed by the House, to raise the debt ceil...
Tue, Aug 2 2011, 4:18 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
99-03 : +0-29
...
Tue, Aug 2 2011, 2:58 PM
Mortgage rates rallied again today, extending their winning streak to four straight sessions. Positive progress has not been modest either. Improvemen...
Tue, Aug 2 2011, 1:42 PM
Transparency is critical and today much of the paperwork associated with a mortgage is far too confusing.
Recent government regulations have made ...
Mon, Aug 1 2011, 11:18 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
98-07 : +0-15
...
Mon, Aug 1 2011, 10:19 AM
The Federal Housing Administration's (FHA's) Mortgagee
Review Board (MRB) has posted the results of formal actions taken against 240
lenders for fai...
Mon, Aug 1 2011, 10:09 AM
"I
had amnesia once--or maybe twice." One's mental health is nothing to joke
about, and long days can make folks pretty sleepy (just ask any West Co...
Mon, Aug 1 2011, 9:16 AM
Equity markets are rallying and bond yields are slightly higher after President Obama late Sunday stated that leaders of both parties reached an agree...
Mon, Aug 1 2011, 4:18 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
98-06 : +0-14
...
Mon, Aug 1 2011, 4:02 PM
Mortgage rates improved last week amidst an atmosphere of major market uncertainty.
It wasn't until Friday though, after exceedingly weak economic...
Mon, Aug 1 2011, 2:29 PM
Originally published in the August 2011 issue of Asset Securitization Report (www.sourcemedia.com)
I
recently completed the book Reckless
En...
Fri, Jul 29 2011, 11:18 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
97-18 : +0-27
...
Fri, Jul 29 2011, 10:06 AM
Check out my twice-a-month blog at the STRATMOR Group web site located at www.stratmorgroup.com. The current blog takes a look at QRM and shares d...
Fri, Jul 29 2011, 9:59 AM
"Why do chicken coops have two
doors? Because if they had four doors they'd be sedans."
And thus starts Friday, with very
good rates but a lot o...
Fri, Jul 29 2011, 8:31 AM
Treasuries are even stronger and equities continue to struggle Friday morning after the House postponed voting on Speaker Boehner's deficit-reduction ...
Fri, Jul 29 2011, 6:14 PM
I have some unexpected good news
Amidst an atmosphere of major market uncertainty, consumer borrowing costs improved significantly today. Enough ...
Fri, Jul 29 2011, 4:18 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
97-23 : +0-32
...
Thu, Jul 28 2011, 11:52 AM
Raj Date will replace Elizabeth Warren in her role as
Special Advisor to the Secretary of the Treasury for the Consumer Financial
Protection Bureau ...
Thu, Jul 28 2011, 11:36 AM
Heard on
the NPR radio show "Wait, Wait, Don't Tell Me" from Michael Feldman:
"If the US defaults on their debt and our rating is downgraded and the...
Thu, Jul 28 2011, 11:22 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-20 : +0-15
...
Thu, Jul 28 2011, 8:28 AM
Markets having seemingly stabilized again following a disastrous day in equities on Wednesday. Political noise in Washington remains the dominant them...
Thu, Jul 28 2011, 4:18 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-22 : +0-17
...
Thu, Jul 28 2011, 3:57 PM
The theme of volatility is ongoing. Loan pricing has moved in the opposite direction from the previous day for 6 sessions in a row now.
The increas...
Thu, Jul 28 2011, 2:44 PM
Pending real estate sales had
another strong showing in June according to the Pending Home Sales Index (PHSI)
released today by the National Associa...
Thu, Jul 28 2011, 2:15 PM
Almost 85 percent of large cities showed
a decrease in foreclosure activity during the first six months of 2011
according to the Mid-year 2011 Met...
Wed, Jul 27 2011, 11:22 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-10 : -0-08
...
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
Open MBSonMND Dashboard
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
Open MBSonMND Dashboard
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...
