Wed, Mar 16 2011, 10:34 AM
Lenders that act as both mortgage brokers and mortgage bankers need to pay
attention to this recent court ruling, noted by law firm BuckleySandler .
...
Wed, Mar 16 2011, 9:41 AM
The Mortgage Bankers Association (MBA) today released its Weekly
Mortgage Applications Survey for the week ending March 11, 2011.
The MBA's l...
Wed, Mar 16 2011, 8:32 AM
U.S. equity futures are relatively
stable this morning as stocks in Japan rebounded 5.7% after crashing 10.6%
Monday. Uncertainty remains key and is...
Wed, Mar 16 2011, 6:31 PM
Mortgage rates improved today as the situation in Japan deteriorated and a feeling of panic poured through global markets, spurring on another flight ...
Wed, Mar 16 2011, 4:55 PM
A day
after the Mortgage Bankers Association (MBA) announced the resignation of CEO John Courson and the appointment of David Stevens to replace ...
Wed, Mar 16 2011, 4:18 PM
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for February 2011...
Wed, Mar 16 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
95-12 : +0-25
...
Wed, Mar 16 2011, 3:14 PM
While it's impossible to know exactly how markets would be behaving
given alternate realities, it's easy to see that the EXTENT and PACE of
the st...
Tue, Mar 15 2011, 12:53 PM
Mortgage News Daily has learned that John Courson, President and CEO
of the Mortgage Bankers Association, will announce his resignation later
toda...
Tue, Mar 15 2011, 11:50 AM
The following commentary was written by Tim Massad, Acting Assistant
Secretary of the Treasury for Financial Stability, in defense of HAMP...
...
Tue, Mar 15 2011, 11:20 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-31 : +0-18
...
Tue, Mar 15 2011, 10:44 AM
The earthquake in Japan is no
laughing matter. Just ask Aflac - it fired comedian Gilbert Gottfried as the
voice of its duck after a series of Twitt...
Tue, Mar 15 2011, 8:30 AM
Another explosion at a nuclear power station in Japan triggered a 10.55%
sell-off in Japanese stocks last night and initiated a massive global
fli...
Tue, Mar 15 2011, 6:13 PM
CURRENT MARKET : The "Best
Execution" conventional 30 year
fixed mortgage rate is still 4.875%. For those looking to permanently
buy
down thei...
Tue, Mar 15 2011, 5:45 PM
All hell seemed to break loose in global markets today.
Stocks plummeted around the world. Commodities tanked to the tune of
2-5%. And a flight ...
Tue, Mar 15 2011, 4:20 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-19 : +0-06
...
Tue, Mar 15 2011, 3:36 PM
The Federal Reserve Open Market Committee has released the March FOMC Statement .
On the whole the Fed hinted at an upgrade in economic conditi...
Tue, Mar 15 2011, 3:28 PM
Over the past three months the mortgage industry has struggled
greatly to interpret and implement loan originator compensation reform
and new ...
Tue, Mar 15 2011, 2:09 PM
For the
first time in four months builders showed increased confidence in their
responses to the monthly National Association of Home Builders (NAHB...
Mon, Mar 14 2011, 12:32 PM
Five federal
agencies representing a myriad of policy interests are planning a summer forum to
address a variety of health and safety problems arisi...
Mon, Mar 14 2011, 11:44 AM
In the
old days, Realtors' advertising was simple and straightforward. Maybe
even "old fashioned." Now? RealtorRap
Wouldn't it be somethi...
Mon, Mar 14 2011, 11:20 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-18 : +0-16
...
Mon, Mar 14 2011, 11:16 AM
The Home
Affordable Refinance Program (HARP) has been extended for another year
according to information released on Friday from the Federal Hou...
Mon, Mar 14 2011, 9:17 AM
The progressively more tragic consequences of the Japanese earthquake
remind us that reality can change in an instant. What we initially
received ...
Mon, Mar 14 2011, 4:44 PM
Home loan borrowing costs improved slightly today, though Best-Execution rates remained the same.
Nervous
tensions surrounding the potential econ...
Mon, Mar 14 2011, 4:20 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Mon, Mar 14 2011, 2:24 PM
Rate sheet influential MBS coupons hit new one-month highs today.
REPRICES FOR THE BETTER HAVE BEEN REPORTED
Following reprices for the bette...
Fri, Mar 11 2011, 11:42 AM
Three Federal
Reserve economists are out to debunk the theory that reducing principal
balances on mortgage loans is a no-cost cure for the housing c...
Fri, Mar 11 2011, 11:16 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-08 : -0-09
...
Fri, Mar 11 2011, 11:10 AM
In a story that first broke on Mortgage
News Daily's MBSonMND live chat yesterday morning, Dave Stevens has
resigned from his position as FHA c...
Fri, Mar 11 2011, 8:30 AM
(Reuters)
- The biggest earthquake on record to hit Japan struck the northeast
coast on Friday, triggering a 10-meter tsunami that swept away
...
Fri, Mar 11 2011, 4:58 PM
Lots of headlines to digest lately.
What region is the market focused on again? North Africa, The Middle East, Spain, Portugal, Greece, China, Jap...
Fri, Mar 11 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Fri, Mar 11 2011, 3:09 PM
Consumer borrowing costs lost a very small amount of
ground today. Mortgage rates are still about aggressive as they've been since late January thou...
Thu, Mar 10 2011, 12:51 PM
For some time now, a foreclosure settlement has been in the
works. In yet another leaked report, the supposed proposals that state
attorneys gener...
Thu, Mar 10 2011, 11:16 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-01 : +0-04
...
Thu, Mar 10 2011, 11:05 AM
The Acting Director of the Federal Housing Finance Agency (FHFA)
said this week that risk management is not the only relevant consideration in reform...
Thu, Mar 10 2011, 10:29 AM
Stocks are moving lower fast and interest rates are rallying as a result.
Benchmark
10yr yields have moved notably lower over the past 18 hours i...
Thu, Mar 10 2011, 8:25 AM
Broad losses in overseas markets have U.S. equity futures on edge
this morning, while interest rates are slightly higher, the US dollar
is moving...
Thu, Mar 10 2011, 4:25 PM
You'll have to look closely in order to see a difference between the
introductory paragraphs of today's commentary and yesterday's...
Today's 30...
Thu, Mar 10 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-15 : +0-18
...
Thu, Mar 10 2011, 2:56 PM
Foreclosure
filings of all types continued to decline during February, with 225,101 filings of
all types recorded on U.S. properties during the mont...
Thu, Mar 10 2011, 2:07 PM
Treasury just sold $13 billion
30-year notes. Today's long bond auction was one of the strongest in several years.
The bid to cover ratio, a m...
Wed, Mar 9 2011, 11:16 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
93-19 : +0-05
...
Wed, Mar 9 2011, 10:53 AM
Remember today is Ash
Wednesday, the first day of Lent.
This
commentary has made comments in the past about how reverse mortgage originators
c...
Wed, Mar 9 2011, 10:17 AM
The MBA's loan application survey covers over
50% of all U.S. residential mortgage loan applications taken by mortgage
bankers, commercial banks, an...
Wed, Mar 9 2011, 9:57 AM
The Department
of Housing and Urban Development was sued this week by
the American Association of Retired Persons (AARP) Foundation Litigation o...
Wed, Mar 9 2011, 9:32 AM
The 27-page document that was sent to major banks last week
by the 50-state group of attorney generals is now publicly available.
The
lette...
Wed, Mar 9 2011, 8:14 AM
Stocks have nearly doubled since the market fell to its lowest level
of the financial crisis exactly two years ago today. Shares now look to
move ...
Wed, Mar 9 2011, 5:16 PM
If yesterday gave fence-sitters a taste of the downside risks associated with floating, today shared the rewards.
Today's 10-year Treasury note...
