Thu, May 26 2011, 10:54 AM
"Rate sheet influential" MBS coupons are following Treasury prices higher as traders cover short positions before the long weekend ahead.
This bul...
Thu, May 26 2011, 10:32 AM
Sorry the commentary is a little late this
morning. My neighbor pounded on my wall at 2:30 AM this morning. Can you
believe that...2:30AM?! Luckily...
Thu, May 26 2011, 8:27 AM
Loan pricing looks to weaken moderately this morning as bond prices fell overnight and equities rose on news that China would be investing in Portugue...
Thu, May 26 2011, 5:14 PM
"The Wall"
absorbed a direct hit today. A sizeable crack is now visible in the
metaphorical structure that stands in the way of lower mortgage r...
Thu, May 26 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-28 : +0-24
...
Thu, May 26 2011, 3:11 PM
Foreclosed properties continued to impact the
home sales market during the first quarter of 2011
according to a report released Thursday by Real...
Thu, May 26 2011, 2:02 PM
Treasury just finished its final auction of the week with a $29 billion 7-year note offering.The fundraising process went smoothly, completing the...
Wed, May 25 2011, 12:23 PM
Shortly after rates hit their best levels of the day around 10:20am, which prompted us to issue a positive reprice alert, profit takers rang the regis...
Wed, May 25 2011, 11:16 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-06 : +0-01
...
Wed, May 25 2011, 10:13 AM
Pssst... Goldman Sachs is in buying jumbo
mortgages . "Goldman has been stockpiling jumbo mortgages at a rate
that far exceeds the buying activity ...
Wed, May 25 2011, 9:41 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week
ending May 20, 2011.
The MBA's lo...
Wed, May 25 2011, 8:28 AM
Treasuries are modestly weaker across the curve in early morning trading while equities too look for a softer open. "Worries over Greece's fate and ...
Wed, May 25 2011, 5:07 PM
The Republican led House Financial Services Committee has drafted legislation that would, among other things, raise the FHA down-payment requirement ...
Wed, May 25 2011, 5:06 PM
Home
loan borrowing costs are still hovering near six-month lows but forward
progress continues to be challenging. We've described the recent behavi...
Wed, May 25 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-05 : -0-01
...
Wed, May 25 2011, 1:51 PM
Treasury just auctioned $35 billion 5-yr notes.
Demand metrics were strong on all fronts. The bid-to-cover ratio came in at 3.20 bids submitted f...
Tue, May 24 2011, 11:45 AM
The Census Bureau and Department of Housing and Urban Development have
released New
Residential Sales data for April 2011.
New Residential S...
Tue, May 24 2011, 11:16 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
95-27 : -0-03
...
Tue, May 24 2011, 11:16 AM
We can bicker over underwriting guidelines,
disclosure documents, or turn times, but the flooding and tornado disasters
that have befallen many stat...
Tue, May 24 2011, 8:47 AM
Loan pricing is set to weaken this morning as "rate sheet influential" MBS coupons are following benchmark Treasury prices lower after once again fail...
Tue, May 24 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
96-04 : +0-06
...
Tue, May 24 2011, 4:00 PM
Nothing new to report. Afternoon loan pricing weakness yesterday was recovered today. Home loan borrowing costs continue to hover near six month lows....
Tue, May 24 2011, 3:46 PM
Federal Reserve Governor Elizabeth Duke told an
audience that while financial education has always been important in helping
consumers make better e...
Tue, May 24 2011, 1:46 PM
Last December the Mortgage Bankers Association (MBA)
assembled a task force to examine and issue recommendations for the future of
residential mortg...
Mon, May 23 2011, 11:29 AM
I don't know if this
quite falls under the "No good deed goes unpunished" category, but
the proposed simplified combined version of the GFE and TI...
Mon, May 23 2011, 11:16 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-05 : +0-06
...
Mon, May 23 2011, 9:23 AM
Treasury yields have rallied close to calendar year lows Monday morning as euro zone debt concern weigh on investor sentiment. Fitch Ratings cut its...
Mon, May 23 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
95-30 : -0-01
...
Mon, May 23 2011, 4:09 PM
Home loan borrowing costs continue to hover near six month lows.
Continued improvements have however been hard to come by since the
recent rally h...
Mon, May 23 2011, 1:51 PM
Federal Housing Finance Agency Acting Director Edward J.
DeMarco told members of Congress last week that increased transparency in mortgage backed se...
Fri, May 20 2011, 12:18 PM
It is easy for originators to focus on daily
rate sheets, mostly determined by what the MBS market is doing. But sometimes
it helps to be reminded t...
Fri, May 20 2011, 11:16 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
95-31 : +0-03
...
Fri, May 20 2011, 9:00 AM
Treasuries are strengthening Friday morning on the back of uncertain global markets. The benchmark 10-year yield is at 3.15% in early trading, a firm...
Fri, May 20 2011, 4:52 PM
Home loan borrowing costs improved slightly today but remain well
within the recent range.
CURRENT MARKET : The "Best Execution" conventional 30...
Fri, May 20 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
95-30 : +0-02
...
Fri, May 20 2011, 1:14 PM
The US housing market may be entering a "third stage" of foreclosures according to the MBA's Chief Economist Jay Brinkman.
The initial fallout from...
Fri, May 20 2011, 1:12 PM
Americans are slightly more upbeat about owning a home and the housing market in general than they were at the end of 2010, according
to the latest ...
Thu, May 19 2011, 11:22 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
95-24 : -0-05
...
Thu, May 19 2011, 11:22 AM
The National Association of Realtors today released Existing Home Sales data for April 2011 Existing Home Sales report on the number of completed...
Thu, May 19 2011, 10:03 AM
"Rob, I continue
to hear rumors about rumors of large established correspondent investors
possibly questioning their practice of buying closed loan...
Thu, May 19 2011, 8:48 AM
The Huffington
Post reported late yesterday that five of the country's largest mortgage lenders may have defrauded taxpayers by filing false clai...
Thu, May 19 2011, 8:29 AM
Treasuries continue to back up as investors bet on equities making a rebound. The benchmark 10-year Treasury is yielding 3.19% in early trading, vers...
Thu, May 19 2011, 5:23 PM
Although borrowing costs rose today, the newly updated Best-Execution
mortgage rate offering we discussed on Wednesday
remains unchanged. ...
Thu, May 19 2011, 4:18 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
95-28 : +0-00
...
Wed, May 18 2011, 11:34 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week
ending May 13, 2011.
The MBA's lo...
Wed, May 18 2011, 11:22 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
96-04 : -0-09
...
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...
