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
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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 ...
Tue, Feb 1 2011, 11:16 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Tue, Feb 1 2011, 10:01 AM
ISM data is important because it's one of the first chances we get to
gauge economic activity in the most recent month. It sorta sets the
tone for...
Tue, Feb 1 2011, 9:52 AM
Well, not that the market has turned, but the amount of chatter out
there in the ranks about ARM loans is increasing by the day. Maybe folks
are b...
Tue, Feb 1 2011, 8:31 AM
Benchmark interest rates suffered yesterday as "flight to safety"
funds were unwound from U.S. Treasuries and reallocated into equity
markets.
...
Tue, Feb 1 2011, 5:16 PM
I have a prediction...
I know what the market is going to do tomorrow.
Yes! Even before it happens!!
I just KNOW (note sarcasm please) th...
Tue, Feb 1 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
94-27 : -0-16
...
Tue, Feb 1 2011, 3:24 PM
The Federal Reserve Bank periodically conducts a survey among
senior loan officers at major banks on current lending practices. There are
generally ...
Tue, Feb 1 2011, 2:29 PM
It's important to learn to recognize the signs... You might feel
tired, cranky, sarcastic, dismissive, or just plain sad. In some cases,
you cou...
Tue, Feb 1 2011, 1:20 PM
Considerable uncertainty surrounds the recently postponed issuance of
the mortgage securitization regulations required by the Dodd-Frank Act
(DFA)...
Mon, Jan 31 2011, 12:44 PM
The stock lever is exerting originator unfriendly pressures on benchmark Treasuries today.
As stocks recover from last Friday's sell-off, invest...
Mon, Jan 31 2011, 11:23 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
95-16 : -0-01
...
Mon, Jan 31 2011, 11:09 AM
President Obama gave the State of the Union Address last Tuesday. You either loved it or hated it.
Supporters
say he inspired a feeling of ...
Mon, Jan 31 2011, 9:53 AM
The Bill of Rights within the Constitution of the United States is a
precious thing to Americans who value freedom. It serves to protect us
from w...
Mon, Jan 31 2011, 9:38 AM
It is the last day of January already? Time flies. This year we have 4
unusual dates: 1/1/11, 1/11/11, 11/1/11 and 11/11/11. Is it a
coincidence t...
Mon, Jan 31 2011, 8:51 AM
Turmoil in Egypt and the broader middle-east continues to weigh on
investors. As riots broke out late last week, U.S. equity markets saw
their ste...
Mon, Jan 31 2011, 5:50 PM
Just like the first three weeks of the month, the last week was all
about the range in the primary mortgage market. If you're a first time
reader ...
Mon, Jan 31 2011, 4:18 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Mon, Jan 31 2011, 3:10 PM
The Census Bureau has released its survey of Residential
Vacancies and Homeownership for the fourth quarter of 2010.
Homeowner Vacany an...
Fri, Jan 28 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
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Fri, Jan 28 2011, 10:42 AM
This week we discussed the outlook for home prices and shared
perspective on whether or not now is a good time to buy. This is the
best guidance w...
Fri, Jan 28 2011, 10:38 AM
Although the 74.2 reading on Consumer Sentiment was slightly higher
than consensus estimates of 73.2, the fact that it did not beat the 74.5
Decem...
Fri, Jan 28 2011, 10:26 AM
We're on to Part IV of the LO compensation series, noting the Fed's
responses to the MBA's questions. Remember that company's individual
policies ...
Fri, Jan 28 2011, 8:28 AM
A slim gain pushed the benchmark S&P 500 to its highest level since
August 2008 yesterday. On the final day of the week, equities are
improved eve...
Fri, Jan 28 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
