Tue, Jun 22 2010, 10:32 AM
10:00 22Jun10 RTRS-US MAY EXISTING HOME SALES 5.66 MLN UNIT ANNUAL RATE (CONS 6.12 MLN) VS APRIL 5.79 MLN (PRV 5.77)-NAR
10:00 22Jun10 RTRS-US MAY EX...
Tue, Jun 22 2010, 8:42 PM
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, were at a seasonally adjusted an...
Tue, Jun 22 2010, 8:08 AM
The "Keep It Simple Stupid" theory seems to be the most fitting method of market watching these days. Investment horizons are short and while particip...
Tue, Jun 22 2010, 8:05 AM
The market's confidence in China’s decision to loosen its peg to the U.S. dollar ended up fizzling out before the close yesterday, leaving stocks flat...
Tue, Jun 22 2010, 5:57 PM
Mortgages traded to new record price highs today. The low production volume origination environment continues to support favorable "rate sheet influen...
Tue, Jun 22 2010, 3:13 PM
We’ve talked a lot about how it makes sense for an originator to latch onto a commercial or federally chartered national bank. Net worth, state licen...
Tue, Jun 22 2010, 1:32 PM
If you are hoping for reprices you should be watching the August FN 4.5 MBS coupon (and the 4.0), which is currently +0-08 at 102-27. It is possible t...
Mon, Jun 21 2010, 12:37 PM
The mixed messages offered by the market in previous weeks have evolved into no messages. In June, we've witnessed irrational interest rate reactions ...
Mon, Jun 21 2010, 12:06 PM
Extensive Lender Upates Only an Underwriter Would Love; MBA Loan Buyback Seminar; Real Yield
Mon, Jun 21 2010, 8:56 AM
There are indications that players in Washington and elsewhere are beginning to look at housing and housing policy in a more holistic way that has bee...
Mon, Jun 21 2010, 8:49 AM
“Although the federal homebuyer tax credit expired at the end of April, contracts do not need to be closed until the end of June,” noted economists at...
Mon, Jun 21 2010, 5:21 PM
Thinking forward, because loan officers are closing their loans (pull-through!) and commitment buckets aren't losing much water (salable loan paper), ...
Mon, Jun 21 2010, 4:53 PM
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today introduced a monthly scorecard on the nation'...
Mon, Jun 21 2010, 4:18 PM
Although the economic calendar isn't jammed packed in the week ahead, the data and events on the ballot carry more potential to move interest rates. W...
Mon, Jun 21 2010, 3:04 PM
HUD annual report to Congress on the incidence of homelessness found a slight decrease in the numbers of unsheltered homeless but an increase in the n...
Fri, Jun 18 2010, 10:35 AM
Don't Hold Your Breath For HELOCs; Extra Margin In Rate Sheets; 2009 Tax Transcripts Available; Reminder on Originator IDs
Fri, Jun 18 2010, 7:34 AM
Plain and Simple: the recent stock market rally has yet to grow legs of its own as forced buying has led the indexes higher. This leaves equities susc...
Fri, Jun 18 2010, 1:02 PM
Four federal banking regulators have announced a proposed change to Community Redevelopment Act definitions which would allow local banks and thrifts ...
Thu, Jun 17 2010, 12:33 PM
Over the course of the last decade, many mortgage bankers implemented a "Russian Roulette" approach to managing the risks associated with originating ...
Thu, Jun 17 2010, 10:34 AM
The majors published pricing pretty early this morning...when production coupons were at lower levels. Since then stocks have pulled a complete 180. S...
Thu, Jun 17 2010, 10:31 AM
HAMP Redefault Rate; Underwriters on Watch for Rent Buyback and Short Sale Schemes; TBW CEO Fraud Case; MBS Volume
Thu, Jun 17 2010, 8:25 AM
The Consumer Price Index should be less impacted by oil prices than the producer price index, but the direction is expected to be the same. Initial Jo...
Thu, Jun 17 2010, 7:07 AM
S&Ps opened lower and traded higher before closing near the same level they opened yesterday. This tells us the stock market is indecisive after S&Ps...
Thu, Jun 17 2010, 4:31 PM
It was another volatile day in the markets. Stocks traded in a wide range before eventually closing in positive territory. Interest rates seem to now ...
Thu, Jun 17 2010, 1:08 PM
The FBI has released the 2009 Mortgage Fraud Report. This report addresses current mortgage fraud projections, issues, and the identification of mort...
Wed, Jun 16 2010, 12:49 PM
The SEC has charged another former mortgage executive with fraud in a scheme intended to scam at least $1.5 billion from private investors and the U.S...
Wed, Jun 16 2010, 11:32 AM
Under orders from their conservator, Freddie Mac and Fannie Mae will begin the necessary process of delisting their common and preferred stocks from t...
Wed, Jun 16 2010, 11:27 AM
Signs of Life in the Non-Agency Mortgage Market; Housing Supply Shortage?; HUD's Final Rule; Fannie & Freddie Delisted; Apps Rise
Wed, Jun 16 2010, 9:49 AM
Mortgage applications for home purchases increased last week, the first increase in over a month. Refinance applications also picked up significantly...
Wed, Jun 16 2010, 8:31 AM
Good Morning. 830am data has been released. Housing Starts were much worse than expected as were Building Permits. The yield curve is flatter and the ...
Wed, Jun 16 2010, 8:21 AM
After a steady rally pushed the stock market up more than 2% yesterday, investors are nervous about extending those gains today. Concerns from Europe ...
Wed, Jun 16 2010, 7:58 PM
Here is the good news: ONLY A FEW LENDERS REPRICED FOR THE WORSE! Here is the bad news: THIS PUTS LENDERS ON THE DEFENSIVE. Unless stocks are red hot...
Wed, Jun 16 2010, 4:57 PM
News wires are buzzing with reports that the Senate just approved an extension of the homebuyer tax credit June 30 closing deadline. THESE HEADLINES A...
Wed, Jun 16 2010, 3:44 PM
Fannie Mae today announced that servicers may immediately suspend or reduce mortgage payments for borrowers whose properties or income are negatively ...
Wed, Jun 16 2010, 1:47 PM
Following the expiration of the homebuyer tax credit, building permits are at a one-year low and single-family Housing Starts saw their largest month ...
Tue, Jun 15 2010, 12:27 PM
The Euro, Oil, and the S&P are adding to early session appreciations and interest rates are starting to suffer because of it. The later your lender pu...
Tue, Jun 15 2010, 11:08 AM
After recording month over month improvements in April and May, home builder confidence declined in June. Builders still remain very cautious and are ...
Tue, Jun 15 2010, 11:00 AM
Monoline Insurer Primer; SIFMA Study for Risk Hedgers; Fannie Mae Servicer Reimbursements; Flood Insurance Reminder From GMAC; BoA Bulletin
Tue, Jun 15 2010, 8:54 AM
Investors seem to be comfortable with the EU crisis discount they have priced into asset valuations...either that or options expiration week is drivin...
Tue, Jun 15 2010, 8:28 AM
Equity futures are once again indicated higher this morning. The question is whether stocks will maintain momentum throughout the day, or fizzle out j...
Tue, Jun 15 2010, 6:28 PM
Doesn't it feel like the stock market is operating in its own little world again? Doesn't it seem like the bond market is trying to tell us it has no ...
Tue, Jun 15 2010, 5:41 PM
Floating your loan is getting more risky as stocks have broken an important level of resistance and investor optimism is improving. If stocks do exten...
Tue, Jun 15 2010, 3:30 PM
HUD today released MORTGAGEE LETTER 2010-20. This Mortgagee Letter provides an overview of key provisions of HUD’s recently issued final rule referenc...
Mon, Jun 14 2010, 9:03 AM
With trader sentiments still reflective of a non-committal bias, headline news remains a primary motivational factor of tactical stances (short term s...
Mon, Jun 14 2010, 8:58 AM
Originator Identification Requirements; Mortgage Fraud Report; Flood Insurance Saga; Condo Guidance; FHA Annual Premiums
Mon, Jun 14 2010, 8:26 AM
Housing Starts ― or new construction of single-family homes ― are anticipated to fall in May after building permits contracted 11.5%. In April, the an...
Mon, Jun 14 2010, 4:50 PM
Although the short term behavior of both stock and bond markets has been indicative of a looming long-term trend reversal, neither market was able to ...
Mon, Jun 14 2010, 3:21 PM
While mortgage rates either held steady or improved in four of the last five sessions, they still ended last week higher than where they began it. The...
Mon, Jun 14 2010, 2:07 PM
There are four housing indexes that the country looks to for information on the state of the market. According to a report from Standard & Poors (S&P...
Fri, Jun 11 2010, 12:35 PM
Normally we'd expect lenders to pass along better loan pricing when production MBS coupon prices rally up 8 ticks (+0-08 or 8/32). Not 8/32 from the o...
