Wed, Feb 9 2011, 5:54 PM
This is gonna be one of those "GOOD NEWS/BAD NEWS" sorta days.
The good news is...
The mortgage rate losing streak has come to an end at 5 d...
Wed, Feb 9 2011, 5:39 PM
Today's bond market response to the 10yr note auction was encouraging.
But it should not make us complacent or lower our defensive shields.
This...
Wed, Feb 9 2011, 4:17 PM
MBSonMND : MBS RECAP
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FNMA 3.5
92-25 : +0-13
...
Wed, Feb 9 2011, 3:52 PM
Ben Bernanke, chairman of the Federal Reserve, testified for the
first time in front of the now Republican-led House Budget Committee.
This commi...
Wed, Feb 9 2011, 1:24 PM
Treasury just sold $24 billion 10 year notes. Hello Bargain Buyers....
Demand was extremely strong for this newly issued 3.625% coupon. The
bid ...
Tue, Feb 8 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
93-06 : -0-13
...
Tue, Feb 8 2011, 11:00 AM
Scott Garrett, the chairman of the House Financial Services subcommittee
on capital markets and government-sponsored enterprises said that the
U.S...
Tue, Feb 8 2011, 8:33 AM
The day ahead is devoid of new headline economic data but several
officials from
the Federal Reserve will offer their take on the economic recover...
Tue, Feb 8 2011, 6:01 PM
Home loan borrowing costs extended their losing streak to five days today. "Best Execution" mortgage rates didn't move higher though, just the closing...
Tue, Feb 8 2011, 5:48 PM
This is the reality of the brave new world that is the
post-range-breakout bond market.
We've been discussing the probability
of big movement...
Tue, Feb 8 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Tue, Feb 8 2011, 3:36 PM
February Fannie and Freddie 30 year fixed MBS coupon have begun the
settlement process and it will soon look like MBS prices just plummeted (more th...
Tue, Feb 8 2011, 1:49 PM
Jeffrey
M. Lacker, President of the Federal Reserve Bank of Richmond and a voting member of the FOMC, told a University
of Delaware audience that, w...
Tue, Feb 8 2011, 1:19 PM
Treasury just auctioned $32 billion 3-year notes .
The
bid to cover ratio was a below average 3.01 bids submitted for every 1
accepted by T...
Mon, Feb 7 2011, 11:23 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
93-13 : -0-11
...
Mon, Feb 7 2011, 10:49 AM
The
government has flown past its January 31 deadline for a proposal on the
future of Freddie and Fannie, and things may drone on for a while. For...
Mon, Feb 7 2011, 9:25 AM
We're not ready to pass sole possession of the production coupon
title belt onto the 5.0 30yr MBS coupon just yet but lock desks are
decidedly mor...
Mon, Feb 7 2011, 8:51 AM
The week is ahead is relatively slim on macroeconomic data. The
highlights may be the several speeches from Federal Reserve officials,
including B...
Mon, Feb 7 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Mon, Feb 7 2011, 2:39 PM
A 7-week mortgage rates range was finally broken last Thursday and
Friday. The directional move was not consumer friendly. "Best Execution"
home l...
Mon, Feb 7 2011, 2:38 PM
In what we would describe as a generally slow, dateless Monday
trading session, the benchmark 10yr TSY note is at its lowest yield
levels of the d...
Mon, Feb 7 2011, 1:25 PM
The new
Chairman of the House Financial Services Subcommittee on Capital Markets and
Government-Sponsored Enterprises has invoked what he called "Th...
Fri, Feb 4 2011, 11:39 AM
Occasionally
I am asked by someone to show them "the life of a loan". Here ya go: Life of a Loan
Let's see... the US government helps out Bo...
Fri, Feb 4 2011, 11:23 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Fri, Feb 4 2011, 11:14 AM
You're likely already aware that the reaction to NFP hasn't been good
for the bond market. The market's pre-data short position has made it
easy f...
Fri, Feb 4 2011, 8:38 AM
The unemployment rate fell by 0.4 percentage point to 9.0 percent in
January, while nonfarm payroll employment changed little (+36,000), the
U.S. ...
Fri, Feb 4 2011, 8:24 AM
Key Events Today: 8:30 ― Expectations are pretty humble for the January Nonfarm Payrolls
report. The median forecast is for 145k new jobs, beati...
Fri, Feb 4 2011, 4:43 PM
After 7-weeks of consolidation, stored energy was finally released.
The range has been broken. Yay. We were all growing tired and suffering
greatl...
Fri, Feb 4 2011, 4:40 PM
It finally happened. The range has been officially broken. In the wrong direction.....
The RANGE that has been the topic of so much conversation ...
Fri, Feb 4 2011, 4:23 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Thu, Feb 3 2011, 12:44 PM
Plain and Simple : The economic recovery is progressing but not
fast enough. We're leaving behind the housing and labor markets. Cost
push inflat...
Thu, Feb 3 2011, 12:19 PM
The Federal Housing
Finance Agency (FHFA) has issued proposed rules regarding private transfer fees on
properties securing mortgages intended for sa...
Thu, Feb 3 2011, 11:58 AM
Yesterday I was speaking to a regional production manager for a large
investor about business conditions for mortgage brokers and bankers. He
summ...
Thu, Feb 3 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
94-16 : -0-04
...
Thu, Feb 3 2011, 8:47 AM
If you've been a long time MBS Commentary reader you know we had an
ax to grind on labor productivity and its impact on hiring trends. Many
econo...
Thu, Feb 3 2011, 8:15 AM
Stocks and bonds are both getting beat up as investors look ahead to
ISM services data, a new jobless claims report, productivity figures,
and com...
Thu, Feb 3 2011, 5:18 PM
The 4.875 sweet spot on C30 rate sheets didn't really changed much
when benchmarks traded between 3.3 and 3.50. But outside those marks
(3.56 is a...
Thu, Feb 3 2011, 5:03 PM
It's been about a month since the last Employment Situation Report
was released. What we had to say about it then is pretty much the same
thing w...
Thu, Feb 3 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Wed, Feb 2 2011, 11:59 AM
On to Part VII of compensation Q&A - remember that company's
individual policies may differ from these to some extent, as there is
still a lot of ...
Wed, Feb 2 2011, 11:24 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-24 : -0-05
...
Wed, Feb 2 2011, 10:01 AM
Regardless of Mother Nature's unknown statistical influence on this
data, the overall payroll trend is obvious....IT'S POSITIVE.
Clearly
the H...
Wed, Feb 2 2011, 9:45 AM
The Mortgage Bankers Association (MBA) today released its Weekly
Mortgage Applications Survey for the week ending January 28,
2011. The Market ...
Wed, Feb 2 2011, 8:06 AM
Treasuries detached from the stock lever yesterday and the rates
range was reinforced as benchmarks benefiited from supportive bargain
buying and ...
Wed, Feb 2 2011, 5:49 PM
There's really no reason to overcomplicate things at this point.
There is a TON of economic data coming out tomorrow, all throughout the
day....
Wed, Feb 2 2011, 4:24 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Wed, Feb 2 2011, 3:27 PM
Citing the
limited benefits of proceeding with it and the potential compliance difficulties that would arise from it,
the Federal Reserve Board had ...
Wed, Feb 2 2011, 2:35 PM
The outer limits of the recent range are being tested.
The range has been the range for more than a month now. This range
has been 3.30 to 3.50% ...
Wed, Feb 2 2011, 1:37 PM
HUD's definition of Worst Case Housing Needs (WCN):
unassisted very low-income renters who either (1) pay more than one-half
of their monthly i...
Tue, Feb 1 2011, 12:46 PM
The U.S.
Departments of Treasury and Housing and Urban Development (HUD) have jointly issued
the January Housing Scorecard . The Scorecard is ...
