Thu, Sep 9 2010, 12:18 PM
Flagstar Cutting Warehouse Lines; Section 502 Loans Move Ahead; Increase in Corporate Debt Issuance; Prepayment Speeds Faster
Thu, Sep 9 2010, 8:36 AM
Initial Jobless Claims and International Trade data has been released, the results were not bond market friendly.
Thu, Sep 9 2010, 8:25 AM
Ninety minutes before the opening bell, S&P 500 futures are +3.50 points to 1,102.75 while Dow futures are 26 points higher at 10,418. So far in Septe...
Thu, Sep 9 2010, 3:52 PM
We might have seen the lowest rates we're ever gonna see, if that is the case, then those rates are already behind us so it doesn't matter. I think ra...
Thu, Sep 9 2010, 3:24 PM
MBS prices are officially 8 ticks below lender loan pricing marks.
REPRICES FOR THE WORSE REPORTED
Thu, Sep 9 2010, 2:40 PM
The Mortgage Bankers Association has sent a letter to the Federal Home Finance Agency expressing several concerns about the framework the agency has p...
Thu, Sep 9 2010, 1:07 PM
While traders tried their hardest to cheapen up this issue over the past two days, this was still the third lowest "high-yield" on record for a long b...
Wed, Sep 8 2010, 11:14 AM
Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen...
Wed, Sep 8 2010, 10:27 AM
Potential Spot to Shelf Jumbo Loan Paper; FHA Q&A on Condo Recerts; Buyback Breakdown; Lots of Lender Updates
Wed, Sep 8 2010, 8:13 AM
Benchmark Treasury and rate sheet influential MBS prices are moving lower ahead of a busy events calendar today. On the schedule: the Beige Book, 10-...
Wed, Sep 8 2010, 6:21 PM
Because stocks were already in rally mode when the day began, and because stocks stayed in rally mode for most of the day, the small recovery rally se...
Wed, Sep 8 2010, 4:23 PM
Rural Development's interim systems enhancements will complete on September 8, 2010, at which time the Agency will begin obligating Section 502 Single...
Wed, Sep 8 2010, 3:24 PM
Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July thr...
Wed, Sep 8 2010, 1:02 PM
Treasury just auctioned $21 billion 10 year notes. Auction demand was healthy, thanks to one group of bidders specifically, and the market has respon...
Tue, Sep 7 2010, 11:45 AM
You've earned back much of what you lost on Friday, but I would remain defensive of rebate improvements until 10s break 2.645% resistance and stocks c...
Tue, Sep 7 2010, 11:19 AM
Zero-down programs - why not?! Jumbo market stirrings; HUD & agency updates; does the value of servicing warrant retaining it?
Tue, Sep 7 2010, 8:41 AM
September began on a strong note last week as the Dow jumped almost 3%, or 297 points. Whether the strength continues this week could depend on the Fe...
Tue, Sep 7 2010, 4:11 PM
Besides the ups and downs in stock market, mortgage rates will also be motivated by Treasury auctions in the week ahead. Tomorrow the Treasury will au...
Tue, Sep 7 2010, 2:58 PM
Eric Rosengren, president of the Federal Reserve Bank of Boston, told attendees at a Federal Reserve sponsored conference on REO and Vacant Property S...
Fri, Sep 3 2010, 12:48 PM
A slow econ calendar and pending Treasury issuance combined with a short term bias to chase returns in the equity market imply interest rates will ris...
Fri, Sep 3 2010, 10:44 AM
FHFA has released final housing goals for Freddie Mac and Fannie Mae for 2010-2011. The goals establish benchmarks for the Enterprise to purchase mor...
Fri, Sep 3 2010, 10:26 AM
Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping
Fri, Sep 3 2010, 8:30 AM
Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor ...
Fri, Sep 3 2010, 8:13 AM
Markets are roughly flat Friday morning ahead of the widely anticipated employment report for August, which at 8:30 eastern time is set to show that j...
Fri, Sep 3 2010, 4:38 PM
After the data was released, stock markets rallied sharply higher and the bond market sold off. After hitting new lows on Tuesday, mortgage rates hav...
Thu, Sep 2 2010, 12:42 PM
The way I view it, the hoard of $$$ that has gone long Treasuries would just love it if NFP prints worse than expected. Not only could they add to the...
Thu, Sep 2 2010, 11:39 AM
Litany of Investor Bulletins: Mortgage Insurance, Appraisal Photos, Originator IDs, Incomplete GFEs, 203(b)'s, Reserve Requirements, No More ARMs
Thu, Sep 2 2010, 11:25 AM
Many of our clients feel like the large aggregators are being managed by the risk management departments. There may be some truth in this because mos...
Thu, Sep 2 2010, 8:27 AM
Interest rates are modestly higher this morning after equities closed nearly 3% higher Wednesday.
Ninety minutes before the opening bell, S&P 500 f...
Thu, Sep 2 2010, 5:42 PM
The Employment Situation Report will be released at 8:30am tomorrow. Economists expect the Unemployment Rate to move higher from 9.5% to 9.6% and they...
Thu, Sep 2 2010, 4:25 PM
There has been talk circulating that the Administration is considering the re-authorization of the expired homebuyer tax credit. While I believe this ...
Thu, Sep 2 2010, 2:07 PM
The Federal Reserve is hosting a two day summit on neighborhood stabilization the focuses on the problem of foreclosures and owned real estate and the...
Wed, Sep 1 2010, 12:35 PM
"Refinancing activity picked up again last week, reaching new 15-month highs, as borrowers took advantage of even lower mortgage rates. The drop in m...
Wed, Sep 1 2010, 12:14 PM
No-appraisal loans; Pennsylvania gives compensation opinion; SS# funnies; impact of lower rates; JPM's buybacks; commercial rebound?
Wed, Sep 1 2010, 10:12 AM
Stocks are rallying and the bond market is taking a beating after a much better than expected read on the manufacturing sector.
Wed, Sep 1 2010, 8:47 AM
MBS valuations were also given a boost when the FOMC Minutes revealed the Fed had discussed the notion of reinvesting MBS prepays back into the TBA MB...
Wed, Sep 1 2010, 8:21 AM
The first day of September looks to open strongly while investors await key data on employment and manufacturing.
About ninety minutes before the ope...
Wed, Sep 1 2010, 4:50 PM
After weeks of stagnation, stocks finally took their turn in the spotlight today. As money moved out of the bond market and into equities, mortgage-b...
Wed, Sep 1 2010, 2:31 PM
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of orig...
Tue, Aug 31 2010, 12:26 PM
Have you seen loan pricing today? When we took down indications and updated our model with BE offers from the majors, our first reaction was: THERE IS...
Tue, Aug 31 2010, 10:50 AM
FHA to FHA Refi Apps on the Rise but New MIP Structure will Slow Streamlines; GSE MBS Issuance in July; FDIC Transparency; Appraisal Adjustments
Tue, Aug 31 2010, 7:57 AM
After experiencing a sizable sell off on Friday, the bond market spent the day yesterday in recovery mode. Prices of U.S. Treasuries rallied across th...
Tue, Aug 31 2010, 5:44 PM
Yesterday we heard banks were buying back MBS hedges. This means lock desks were actively reducing their pipeline coverage (forward hedges) to account...
Tue, Aug 31 2010, 5:18 PM
If you've been floating your loan or have yet to apply for a refinance because it just didn't seem worth the hassle, congratulations, mortgage rates h...
Tue, Aug 31 2010, 3:52 PM
Standard & Poor's Case-Shiller Indices continue to show improvement in home prices, but the rate of increase has slowed and its publisher points to ot...
Mon, Aug 30 2010, 12:02 PM
Rate sheet influential MBS coupons have rallied more than 8 ticks from where they opened at the session lows. The October delivery FNCL 4.0 is current...
Mon, Aug 30 2010, 11:43 AM
The Conservator of Fannie Mae and Freddie Mac has issued its first report on Fannie Mae and Freddie Mac. The data indicates that problems began when...
Mon, Aug 30 2010, 10:26 AM
Originator Compensation Guidance Offered by Lender; Common Reasons for Buyback Requests; Servicer Rankings; Warehouse Line News; Investor Updates
Mon, Aug 30 2010, 7:38 AM
The first Friday of a new month is upon us, that means the official Employment Situation Report is just ahead. Because this data provides an in-dept...
Mon, Aug 30 2010, 3:56 PM
My point: after reprices for the better, loan pricing is 13.3bps better than it was last Monday (on average). In fact, loan pricing is just about as a...
