Tue, Mar 1 2011, 12:49 PM
The Census Bureau and Commerce Department have released Construction Spending data for January 2011.
Residential construction spending in...
Tue, Mar 1 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
94-07 : -0-09
...
Tue, Mar 1 2011, 9:49 AM
These 13 pages should
help in answering some of the compensation questions out there: MBAQ&A
The Q&A document noted above was
published by ...
Tue, Mar 1 2011, 8:22 AM
Stocks rallied around the globe in overnight trading and interest rates suffered in the process.
The
NIKKEI closed 1.22% higher. The Shanghai C...
Tue, Mar 1 2011, 5:02 PM
It was an exciting day in the
bond market.
Early in the trading session, the environment looked unfriendly for
mortgage rates. Stocks were rall...
Tue, Mar 1 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
94-19 : +0-04
...
Tue, Mar 1 2011, 1:41 PM
Treasury Secretary Timothy F. Geithner told the
House Committee on Financial Services today that Congress must tackle reforming
Freddie Mac and ...
Mon, Feb 28 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
94-16 : +0-01
...
Mon, Feb 28 2011, 10:21 AM
"Qualified Residential Mortgages" is not an everyday topic of conversation but perhaps should be .
Who is going to have "skin in the game"? Here is ...
Mon, Feb 28 2011, 8:57 AM
The joint Treasury/HUD report to Congress released this month was a
major disappointment to market participants looking for a timely
resolution to...
Mon, Feb 28 2011, 8:24 AM
It's a busy week in terms of new economic data and events. Fed Chairman
Bernanke will share his semi-annual update on the status of the economy
an...
Mon, Feb 28 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
94-15 : -0-01
...
Mon, Feb 28 2011, 4:00 PM
This week begins with mortgage rates holding onto recent improvements. Last week, we discussed how a "flight to
quality" helped drive up investor de...
Mon, Feb 28 2011, 3:08 PM
The National Association of Realtors today released the Pending Home Sales Index for January. The Pending Home Sales
index measures housing...
Mon, Feb 28 2011, 1:17 PM
Fannie Mae's latest National Housing Survey shows that
Americans have markedly changed their perception of homeownership.
The most recent su...
Fri, Feb 25 2011, 11:18 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
94-14 : +0-09
...
Fri, Feb 25 2011, 11:07 AM
Both
applications for FHA-guaranteed mortgages and FHA endorsements were lower in
January than in the previous month or in January 2010. Lower dema...
Fri, Feb 25 2011, 10:03 AM
A servicing
"settlement", mentioned yesterday, certainly has the
industry roiled - especially BofA and Wells Fargo, who together service nearly
$4...
Fri, Feb 25 2011, 8:31 AM
We'll get a better idea today about whether or not the recent bond
market rally has been totally a factor of a flight to safety or if there
really...
Fri, Feb 25 2011, 5:58 PM
Mortgage rates benefited from a "flight to safety" this week.
A "flight to safety" happens when investors are nervous about owning
risky assets...
Fri, Feb 25 2011, 4:23 PM
On Tuesday we issued a directional MBS alert because the bond market seemed to be in the midst of shift in its underlying technical bias, from bea...
Fri, Feb 25 2011, 4:18 PM
MBSonMND : MBS RECAP
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FNMA 3.5
94-12 : +0-07
...
Fri, Feb 25 2011, 1:44 PM
Since the last piece of economic data for the week was released at
9:55am, MBS have been in rally mode, recently meeting resistance at
their highe...
Thu, Feb 24 2011, 12:36 PM
Sales
of new single-family houses in January 2011 were at a seasonally
adjusted annual rate of 284,000, according to estimates released jointly
...
Thu, Feb 24 2011, 11:18 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
94-06 : +0-06
...
Thu, Feb 24 2011, 10:47 AM
Whoever thought that loan servicing would be so exciting? If
you think that a servicer earning 25 basis points every year is earning
too much if ...
Thu, Feb 24 2011, 8:25 AM
The 10-year Treasury note traded in a yield range of 3.49% to 3.44% overnight, after giving up three basis points and closing at 3.49% yesterday. Rat...
Thu, Feb 24 2011, 4:26 PM
Mortgage rates continue to benefit from a "flight to safety".
A "flight to safety"
happens when investors are nervous about owning risky assets l...
Thu, Feb 24 2011, 4:18 PM
MBSonMND : MBS RECAP
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FNMA 3.5
94-06 : +0-06
...
Thu, Feb 24 2011, 2:30 PM
Fannie
Mae has announced a new program to measure and evaluate the performance of its
servicers' actions toward helping homeowners avoid foreclo...
Thu, Feb 24 2011, 2:01 PM
Despite
a sizeable drop in the fourth quarter, sales of foreclosed properties again
accounted for over a quarter of all single-family home sales in ...
Thu, Feb 24 2011, 1:48 PM
$29bn 7s: Indirects close to average. Dealers make up for light direct
bid. BTC near average. High yield 5bps thru 1pm WI.
Not bad, not bad.
...
Wed, Feb 23 2011, 12:51 PM
I'm winding down a two week trip to the Mid-West where I've been
performing warehouse lender audits. Something that's really stood out to
me latel...
Wed, Feb 23 2011, 12:10 PM
The Federal Deposit Insurance Corporation (FDIC) has reminded the country that February 20-27th is "America Saves Week".
Savings enable consumers...
Wed, Feb 23 2011, 11:28 AM
As we discussed yesterday, the momentum that has been negative for
benchmark Treasuries and production MBS coupons throughout February...
may be s...
Wed, Feb 23 2011, 11:22 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
94-04 : +0-02
...
Wed, Feb 23 2011, 11:01 AM
Originators and borrowers are often faced with the "rent versus own" question, with varying results. Here is an INTERACTIVE CALCULATOR
Homeo...
Wed, Feb 23 2011, 9:36 AM
The Mortgage Bankers Association (MBA) today
released its Weekly Mortgage Applications Survey for the week
ending February 11th, 2011.
"Ongo...
Wed, Feb 23 2011, 8:38 AM
Equity
futures are rebounding after anti-government riots in oil-rich Libya
initiated the worst single-day sell-off since August yesterday. As
s...
Wed, Feb 23 2011, 5:44 PM
Mortgage rates continue to enjoy a
period of relief after rising rapidly in recent
weeks. The extent to which this relief
period matures into a mo...
Wed, Feb 23 2011, 4:22 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Wed, Feb 23 2011, 3:31 PM
The uptrend in existing-home sales continues, with January sales rising
for the third consecutive month with a pace that is now above year-ago
lev...
Wed, Feb 23 2011, 2:16 PM
Despite the current political focus on reforming the housing
finance market, the Acting Director of the Federal Housing Finance Agency
(FHFA) told...
Wed, Feb 23 2011, 1:38 PM
My latest tweet (AQ_MND) :
$35bn 5s not so hot. Tailed 1pm by 3bps, BTC on weak side, Dealers take
58.2%. Directs and Indirects reduce tenders an...
Tue, Feb 22 2011, 12:36 PM
Last week the FHA announced
it would increase annual mortgage insurance premiums by 0.25% to
"bolster capital reserves", effective for case nu...
Tue, Feb 22 2011, 12:26 PM
The S&P/Case Shiller Home Price Indices, which track home prices
throughout the U.S. on a two-month lag, declined 3.9 percent during the fourth quar...
Tue, Feb 22 2011, 11:17 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Tue, Feb 22 2011, 9:47 AM
What is the public hearing and seeing regarding the April Fool's Day changes?
"Starting April 1, under a new compensation rule from the Federal
R...
Tue, Feb 22 2011, 8:55 AM
Equity
futures are sharply lower as the week begins following an earthquake in
New Zealand, a possible credit downgrade to Japan, and continued un...
Tue, Feb 22 2011, 4:27 PM
UPDATED CURRENT MARKET : The "Best
Execution" conventional 30 year fixed mortgage rate improved to 5.00%
today. There is an opportunity to lock ...
