Wed, May 18 2011, 10:29 AM
"Rate sheet influential" MBS coupons have fallen to new intraday lows as stocks have risen to new intraday highs.
This is poor timing as many lock...
Wed, May 18 2011, 9:58 AM
A hockey coach once said, "Last year we
couldn't win at home and we were losing on the road. My failure as a coach was
that I couldn't think of anyp...
Wed, May 18 2011, 8:57 AM
Treasuries are trading near fresh calendar year highs this morning. Little data comes out today until the FOMC minutes are released in the mid-afterno...
Wed, May 18 2011, 4:50 PM
Although borrowing costs rose today, the newly updated Best-Execution mortgage rate offering we discussed yesterday remains unchanged. Unfortunat...
Wed, May 18 2011, 4:22 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
95-29 : -0-16
...
Wed, May 18 2011, 4:01 PM
The main observation we take away from the FOMC Minutes : UNCERTAINTY OVER THE IMPACT OF RISING ENERGY PRICES
Here is a brief recap of the int...
Wed, May 18 2011, 1:28 PM
One obvious lesson we've all learned from the ongoing mortgage crisis: everyone loses
when consumers are unable to determine if they can afford to
...
Tue, May 17 2011, 12:08 PM
Sometimes you think
things are one way, and they turn out to be different. Just ask Maria Shriver,
who found out about Arnold Schwarzenegger and a l...
Tue, May 17 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-19 : +0-09
...
Tue, May 17 2011, 9:30 AM
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for April 2011. ...
Tue, May 17 2011, 8:26 AM
Rates are mostly unchanged amid light trading volume as investors await new housing and industrial production figures. Debt concerns in Europe are s...
Tue, May 17 2011, 4:28 PM
The mortgage rate "wall" is beginning to crack.
Unlike previous sessions where borrowing costs didn't rally enough to affect the position of the ...
Tue, May 17 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-13 : +0-04
...
Tue, May 17 2011, 2:10 PM
The New York
Time and the Associated Press are reporting that the New York State
Attorney General, Eric Schneiderman, is quietly investigating t...
Tue, May 17 2011, 1:55 PM
Acting Federal
Housing Finance Agency (FHFA) Director Edward DeMarco addressed the 2011
Federal Home Loan Bank (FHLBank) Directors Conference last w...
Mon, May 16 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
95-32 : -0-06
...
Mon, May 16 2011, 10:40 AM
Seen on a doc drawer's bulletin board:
"I don't mind coming to work. It's the 8 hour wait until going home
that's killing me."
Here is some new...
Mon, May 16 2011, 9:05 AM
Both fixed income and equity markets are worse off to start the week.
The cause of uncertainty is a strange one - IMF chief Dominique Strauss-Kah...
Mon, May 16 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-10 : +0-05
...
Mon, May 16 2011, 3:49 PM
Mortgage rates failed to improve last week and home loan borrowing costs moved mostly sideways. On Friday we said rates had hit a wall . Today tha...
Mon, May 16 2011, 2:08 PM
The National Association of Homebuilders
(NAHB) reported on Monday that its Housing Market Index (HMI) came in at 16 for the sixth time in seven ...
Mon, May 16 2011, 1:35 PM
It's been a slow session but MBS prices have reversed course and gone green. Recalls and reprices for the better are possible.
Here is a progressi...
Mon, May 16 2011, 1:16 PM
Two lawmakers have introduced
bipartisan legislation that would eliminate Freddie Mac and Fannie Mae while
still keeping a government presence in th...
Fri, May 13 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-06 : +0-09
...
Fri, May 13 2011, 11:04 AM
The Bureau of Labor Statistics released the Consumer Price Index for March 2011 this morning. The Consumer Price Indexes (CPI) program produces mo...
Fri, May 13 2011, 8:29 AM
The Treasury market is mixed this morning as broader sentiment picked up following stronger-than-anticipated Euro area GDP results. The two-year Trea...
Fri, May 13 2011, 4:51 PM
Home loan borrowing costs have hit a wall.
Since reaching the best
levels of the year on Friday of last week, rates have been unable to
improve ...
Fri, May 13 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-05 : +0-08
...
Fri, May 13 2011, 3:40 PM
We have 18 months until the presidential
election, and already things are heating up. The financial community is closely
following Donald Trump's ca...
Thu, May 12 2011, 12:05 PM
Foreclosure activity hit a 40 month low
in April, posting a decline in all types of filings for the seventh straight
month according to data release...
Thu, May 12 2011, 11:51 AM
America's
household debt level ticked upward for the first time in 10 quarters during the first three months of 2011 according to a report releas...
Thu, May 12 2011, 11:21 AM
My memory's not as sharp as it used to be.
Also, my memory's not as sharp as it used to be.
Along those lines I bet all the reverse mortgage...
Thu, May 12 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-03 : +0-00
...
Thu, May 12 2011, 10:34 AM
President Obama was on CBS
this morning discussing the state of the
U.S. economy. In the Q&A session Obama cited a weak housing
market and ...
Thu, May 12 2011, 8:27 AM
Interest rates continue to wait in limbo as risk markets weigh the
economic impact of expensive food & energy costs in an
environment that offers ...
Thu, May 12 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Thu, May 12 2011, 4:10 PM
Best-Execution mortgage rates are unchanged vs. yesterday's offerings.The closing costs tied to those
rates actually moved marginally lower today. Th...
Thu, May 12 2011, 1:49 PM
Treasury just auctioned $16bn 30 year bonds. Things didn't go well. Rates are on the rise. Quickly...
Benchmark just broke overhead support and
...
Wed, May 11 2011, 12:01 PM
After rallying consistently for two weeks bonds have reached overbought status, making upcoming debt auctions and economic events that much more impor...
Wed, May 11 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
95-21 : -0-04
...
Wed, May 11 2011, 11:15 AM
Yet another
study has been released which indicates home prices are trending lower. CoreLogic's March Home Price Index (HPI) pegs
that decline ...
Wed, May 11 2011, 10:52 AM
Regardless of what my kids say,
this commentary hasn't been around long enough to have ever been written by
candlelight. But starting next year I wi...
Wed, May 11 2011, 9:56 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 6, 2011. The MBA's loan app...
Wed, May 11 2011, 8:12 AM
Interest rates rose yesterday as stocks rallied and bond investors made room for today's $24 billion 10-year Treasury note auction.
Equity future...
Wed, May 11 2011, 5:15 PM
Despite some volatility earlier in the day, Best-Execution mortgage rates
and borrowing costs are unchanged vs. yesterday's offerings.
After spen...
Wed, May 11 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Wed, May 11 2011, 3:54 PM
Realtors® attending the National
Association of Realtors (NAR) mid-year legislative meetings and trade expo in
Washington heard a panel of housing e...
Wed, May 11 2011, 2:15 PM
Treasury just auctioned $24 billion 10-year notes . Every bid below 3.210% was accepted by Treasury, which was 1.9bps below where the market had p...
Tue, May 10 2011, 11:32 AM
Home prices fell faster in
the first quarter of this year than at any time since the worst of the housing
crisis according to the Real Estate Mark...
Tue, May 10 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-12 : -0-04
...
