Fri, Apr 15 2011, 4:32 PM
Home loan borrowing costs moved lower today, bringing the
Best-Execution conventional 30 year fixed mortgage rate back down to 4.875%.
Take a lo...
Fri, Apr 15 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-08 : +0-24
...
Thu, Apr 14 2011, 11:45 AM
Foreclosure
activity overall was down in the first quarter of 2011 when compared to
the previous quarter and activity from one year earlier, but Mar...
Thu, Apr 14 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
93-25 : +0-01
...
Thu, Apr 14 2011, 10:58 AM
Yesterday
Reuters ran a story saying, "A proposed rule requiring a minimum 20% down
payment on mortgages that lenders could then sell to investors w...
Thu, Apr 14 2011, 8:29 AM
Stock futures are lower and the Treasury market continues to firm following a volatile session
yesterday.
The ten-year Treasury rallied three ba...
Thu, Apr 14 2011, 5:34 PM
Home loan borrowing costs were roughly unchanged today. This is surprising because loan pricing should have worsened given the behavior of the second...
Thu, Apr 14 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
93-18 : -0-06
...
Wed, Apr 13 2011, 12:09 PM
Freddie Mac has released its April 2011 Economic Outlook .
Below is a copy of the text. We have taken the liberty of calling attention to a few...
Wed, Apr 13 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5 93-14 : -0-06
FNMA 4.0 97-24 : -0-04
...
Wed, Apr 13 2011, 11:04 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week
ending April 8, 2011.
The MBA's loa...
Wed, Apr 13 2011, 10:33 AM
Let me add a clarification to
the Ops Manager job listing from yesterday . The company is merely shifting
responsibilities as they grow, and the ...
Wed, Apr 13 2011, 8:29 AM
The risk trade is back on today and rates are creeping higher ahead of March Retail Sales data, a $21 billion 10-year Treasury note auction, and the ...
Wed, Apr 13 2011, 4:57 PM
The Federal Reserve has released the Beige Book
The Beige Book is a compilation of anecdotal information and data on current economic conditio...
Wed, Apr 13 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
93-23 : +0-03
...
Wed, Apr 13 2011, 3:41 PM
Home loan borrowing costs were
roughly unchanged today after reprices for the better erased morning loan pricing weakness.
Whereas yesterday's im...
Wed, Apr 13 2011, 3:12 PM
The Federal Reserve, Office of Comptroller of the Currency (OCC), FDIC,
and Office of Thrift Supervision (OTC) have issued formal enforcement actio...
Wed, Apr 13 2011, 1:50 PM
Treasury just sold $21 billion reopened 10-year notes. Demand could be described as "apathetic" as investors seemed to scoff at higher prices/lowe...
Tue, Apr 12 2011, 12:17 PM
At a summit held in
Charlotte, North Carolina on Monday, the new Consumer Financial Protection
Bureau (CFPB) and the Presidential Initiative Working...
Tue, Apr 12 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
93-22 : +0-12
...
Tue, Apr 12 2011, 10:12 AM
I continue to receive input from
the origination "trenches. "'Safe Harbor' against the steering
provisions in the new LO Compensation regulation is ...
Tue, Apr 12 2011, 8:27 AM
Good Morning.
We begin the day with benchmark 10s +14/32 at 100-24 yielding 3.532%, 5.5bps lower vs. yesterday's going out marks, and the yield cu...
Tue, Apr 12 2011, 4:33 PM
Home loan borrowing costs declined significantly today, leading to an
improvement in the conventional 30-year fixed Best-Execution mortgage rate.
...
Tue, Apr 12 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
93-19 : +0-09
...
Tue, Apr 12 2011, 3:58 PM
Risk trades were peeled off today and the bond market rallied. The directional move was more than welcome by bond bulls as it served to stave off an a...
Mon, Apr 11 2011, 11:35 AM
Western Springs National Bank and
Trust (IL) was closed Friday by the OCC, which in turn appointed the FDIC as
receiver, which, in turn, entered int...
Mon, Apr 11 2011, 11:19 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
93-05 : -0-02
...
Mon, Apr 11 2011, 10:24 AM
The week ahead holds a wide variety of data and events.
The
bond market is focused on inflation reports and Treasury auctions while
stock inve...
Mon, Apr 11 2011, 4:50 PM
After being stuck in the same spot for over a month, home loan borrowing costs shot higher last Wednesday at their most violent pace since early Febru...
Mon, Apr 11 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
93-11 : +0-05
...
Mon, Apr 11 2011, 3:25 PM
April Fannie and Freddie 30 year fixed MBS coupon have begun the
settlement process and it will soon look like MBS prices just plummeted.
WHY??...
Fri, Apr 8 2011, 12:45 PM
The Mortgage Bankers Association (MBA) has what it calls
"strong reservations" about the short timetable set out by the Departments
of Treasury, Hou...
Fri, Apr 8 2011, 11:17 AM
We're watching CSPAN, waiting to see how the shutdown plays out. We think it goes into the weekend. Either way, finger pointing and bickering has hit ...
Fri, Apr 8 2011, 10:51 AM
Rain or shine, whether or not the
US government is closed or open, the US Treasury will be open next week to
auction off $32 billion in 3-yr notes, ...
Fri, Apr 8 2011, 8:43 AM
Not
much economic data is on the calendar today. Investors are focusing on whether Republicans and Democrats can find a last-minute
compromise on ...
Fri, Apr 8 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
93-07 : -0-06
...
Fri, Apr 8 2011, 4:10 PM
Mortgage rates moved higher this week following a RELEASE
OF STORED ENERGY.
The chart below graphs the average origination closing costs tie...
Thu, Apr 7 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
93-10 : -0-01
...
Thu, Apr 7 2011, 10:36 AM
Did the
Texas owner of the company "America's Best Mortgage and Creative
Solutions" in St. Martinville, LA get a little too "creative"?
She is accu...
Thu, Apr 7 2011, 8:30 AM
Interest rates are still trending higher and equities are catching a bid this morning after the European Central Bank announced a hawkish shift in mon...
Thu, Apr 7 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
93-12 : +0-02
...
Thu, Apr 7 2011, 3:33 PM
Following yesterday's abrupt move higher, home loan borrowing costs spent the day feeling
out their new range. Best-Execution mortgage
rates and ...
Thu, Apr 7 2011, 1:57 PM
There are cuter couples out there, but if today's stock lever performance is used as
a benchmark, none are more closely joined.
Far from holy
...
Thu, Apr 7 2011, 1:43 PM
REIS
Inc, an impartial source of commercial real estate data, has confirmed
Mortgage News Daily's prediction earlier this year that renters coul...
Thu, Apr 7 2011, 1:16 PM
Maryann F. Hunter, Deputy Director, Division
of Banking Supervision and Regulation, Federal Reserve Bank told the U.S. Senate Subcommittee on Financi...
Wed, Apr 6 2011, 12:21 PM
The Market Composite Index, a measure of mortgage loan application volume,
decreased 2.0 percent on a seasonally adjusted basis from one week earlier...
Wed, Apr 6 2011, 11:22 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
93-09 : -0-10
...
Wed, Apr 6 2011, 10:34 AM
BAD NEWS: A decision has been made. The loan originator compensation delay has been dissolved. New compensation plans are now in effect.
From the...
Wed, Apr 6 2011, 9:43 AM
Under the just-made-up category
of "If you can't build 'em, join 'em," Beazer Homes USA is
officially entering the rental business , as the home bu...
Wed, Apr 6 2011, 8:43 AM
Treasuries weakened across the yield curve Tuesday as bond investors expressed their nervous sentiments over a few increasingly vocal inflation hawks ...
