Mon, May 24 2010, 3:39 PM
So here we are in a relatively light-on-data Monday following a week that saw some huge movements across all markets and the the sense of anticlimax i...
Mon, May 24 2010, 3:16 PM
Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions,...
Mon, May 24 2010, 1:09 PM
The process of markets PREPARING to either confirm this range or to retrace back into weaker territory is evident in the CONSOLIDATION patterns that A...
Fri, May 21 2010, 11:59 AM
Stocks are rallying and rates are selling off. The S&P is currently +1.33% at 1085.88 after hitting an intraday low of 1056. The 10yr TSY note is flat...
Fri, May 21 2010, 11:52 AM
Loan Production Slowed By Collateral Valuations; Financial Reform And Mortgages; Consumer Spending and Saving; Delinquency Rates
Fri, May 21 2010, 11:05 AM
The most recent version of FinReg Reform legislation took another step toward the 1930s yesterday. Our Senators, who we collectively voted into offic...
Fri, May 21 2010, 8:39 AM
Equity futures continue sliding this morning after the stock market was dealt a crushing blow yesterday. The S&P 500 dropped 3.9% ― it’s biggest one-d...
Fri, May 21 2010, 5:45 PM
If you've been floating for the past few weeks, your rate has greatly improved. Even after rates mortgage rose today, they're still close to record lo...
Fri, May 21 2010, 3:56 PM
Risk retention legislation will affect mortgage loan pricing in a
negative way. It will force mortgage bankers and wholesalers to
accumulate more ...
Fri, May 21 2010, 2:41 PM
Fri, May 21 2010, 1:30 PM
Twenty years plus years ago I was operating a wholesale mortgage bank that was owned by a savings & loan that was on the brink of shutting down. Regu...
Thu, May 20 2010, 10:53 AM
FOMC Minutes Discuss Fed's Feelings On Mortgage Asset Sales; NonBank Lender Oversight; RMIC Cuts Distressed Markets; Where Are The Loans?
Thu, May 20 2010, 9:38 AM
Shifts in the value of global currencies, rising short term bank funding costs (LIBOR), and general political uncertainties (here and abroad) continue...
Thu, May 20 2010, 8:25 AM
The stock market is indicated lower this morning as investors remain weary about Europe’s debt crisis. Overnight, Japanese GDP rose at a slower-than-...
Thu, May 20 2010, 6:25 PM
The flight to safety continued today as stocks moved lower around the world. This sent benchmark Treasuries to their lowest yields of the year and hel...
Thu, May 20 2010, 4:37 PM
An MBA official told a House Veterans Affairs subcommittee that VA, FHA, and other government guaranteed loans should be exempted from proposed loan r...
Thu, May 20 2010, 3:34 PM
USDA Section 502 Single Family Housing Guaranteed Loans are primarily used to help low-income individuals or households purchase homes in rural areas....
Thu, May 20 2010, 3:14 PM
The bottom line is that it's more likely to hold than not. And if you're "playing the range until the range plays you," this is the last stop on the ...
Thu, May 20 2010, 2:22 PM
In a letter for the New York State Attorney General Today, Activity FHFA Director DeMarco announced that his agency is modifying the enforcement porti...
Wed, May 19 2010, 11:50 AM
The industry's worst fears might be coming true. Regardless of record levels of affordability (reset home prices and mortgage rates below 5.00%), purc...
Wed, May 19 2010, 11:39 AM
Choppy trading conditions continue to expand the already spacious "rate sheet influential" MBS coupon trading range. The FN 4.5 has traded as high as ...
Wed, May 19 2010, 10:31 AM
Our Management Advisory Program (MAP) results for the first quarter 2010 are starting to come in. We measure top line revenues, gain-on-sale, compen...
Wed, May 19 2010, 10:15 AM
Originator Feedback From The Trenches; FHA Broker/Lender Approval Guidance; HomePath Update; Citi Non-Agency Lending; 95% MI
Wed, May 19 2010, 9:33 AM
The Euro hit a new four year low of $1.2162 before closing down 1.49% at 1.2207. The S&P ended the day session -1.42% at 1120.80. The 10 yr TSY note w...
Wed, May 19 2010, 8:21 AM
Investors across the globe are selling stocks after Germany announced it was banning naked short selling of credit default swaps, plus certain euro ar...
Wed, May 19 2010, 6:16 PM
4.5's closed up 1 tick at 101-31. 3pm marks were at 102-00. Treasuries were effectively unchanged from 3pm marks at 3.37, but 5pm to 5pm, yields bac...
Wed, May 19 2010, 5:55 PM
It was another volatile day for both stocks and interest rates. The ups and downs in the market forced lenders to reprice for the worse, and allowed l...
Wed, May 19 2010, 3:28 PM
Jay Brinkmann, Chief Economist for MBA says, "The issue this quarter is that the seasonally adjusted delinquency rates went up while the unadjusted ra...
Wed, May 19 2010, 2:31 PM
The Federal Reserve has released the Minutes of the Federal Open Market Committee Meeting held on April 27-28, 2010. MBS are steady after the FOMC min...
Tue, May 18 2010, 11:19 AM
Defending The Mortgage Industry From Generalizations; New HUD Mortgagee Letter; HAMP Data; TB&W Chairman in Trouble; Quicken Loans
Tue, May 18 2010, 10:26 AM
Watch for the Euro, which has been gaining ground all morning, to reverse course and begin losing value against the dollar again. If this happens stoc...
Tue, May 18 2010, 8:19 AM
As global support continues to grow for Greece, nerves are calming and investors are willing to buy again. Overnight, Greece received a €14.5 billion ...
Tue, May 18 2010, 6:48 PM
Mortgage rates looked like they were going to move up today as stocks were indicated to open higher before the lenders published rate sheets. However ...
Tue, May 18 2010, 5:33 PM
Very strong afternoon for bonds, and in decent volume as well. Primarily however, there remains an air of global uneasiness, if not panic, that is go...
Tue, May 18 2010, 3:28 PM
The uptick in Housing Starts was expected as last minute buyers rushed to finalize sales contracts before the homebuyer tax credit expired on April 30...
Tue, May 18 2010, 2:55 PM
After a strong open, the value of the Euro fell which pulled stocks lower and forced another flight to quality into risk-free Treasuries. This helped ...
Tue, May 18 2010, 1:07 PM
The number of homeowners who completed HAMP's mandatory 90 day trial period and were converted into permanent load modification status rose 68,000 to ...
Mon, May 17 2010, 11:48 AM
Big Banker MBS Holdings Decline in Q1 2010; More Originator Job Offers; Secondary Marketing Conference; Investor Updates
Mon, May 17 2010, 10:51 AM
Floating one day at a time seems safe when the range trade is in play, just don't get lulled to sleep by a slow and steady grind to the right. When ra...
Mon, May 17 2010, 9:03 AM
The key sector this week is housing, as data on new construction and homebuilder confidence are each expected to suggest recent progress. Meanwhile, s...
Mon, May 17 2010, 6:32 PM
By and large, most technical frameworks through which we've been viewing the markets recently held up well today despite the selling in bonds. That s...
Mon, May 17 2010, 4:33 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be marginally better today. The par 30 year conventional mortgage rate is in...
Mon, May 17 2010, 3:47 PM
The GSEs were once the cornerstones of American Homeownership. However, at last count, the CBO estimated that it would cost taxpayers $389 billion thr...
Mon, May 17 2010, 3:07 PM
Longer term considerations about today's relatively small movements will follow later in the day. For now, be aware of potential reprices for the wor...
Mon, May 17 2010, 1:58 PM
Builder confidence in the market for newly built, single-family homes rose for a second consecutive month in May to its highest point since August 200...
Mon, May 17 2010, 1:49 PM
Treasury International Capital data (TIC data), which tracks foreign purchases and holdings of US securities, showed a sharp increase in monthly net h...
Fri, May 14 2010, 11:17 AM
Moody's Investors Service said the foreclosures and delinquencies have risen significantly in the portfolios of state Housing Finance Agencies (HFAs) ...
Fri, May 14 2010, 10:18 AM
Why Isn't Loan Production Picking Up?; More on Originator Compensation and Risk Retention Legislation; HomePath Update; Less and Less Product
Fri, May 14 2010, 9:28 AM
Retail Sales were up 0.4% in April, this beat the Reuters survey consensus estimate of +0.2% but was sharply lower than the previous print of +1.9%. E...
Fri, May 14 2010, 8:25 AM
Equity futures are sharply lower this morning ahead of several key data points for the U.S. “The whiff of uncertainty is still in the air on this Frid...
