Fri, Sep 17 2010, 11:55 AM
The survey shows that consumers see a mixed outlook for housing and homeownership....These findings indicate a return to a more balanced and realistic...
Fri, Sep 17 2010, 10:30 AM
More USDA Rural Housing Confusion; Fannie and Freddie Cost Estimates; FHA High Loan Balance Max DTI; Homeowner Outlook
Fri, Sep 17 2010, 8:40 AM
Led by energy prices, CPI rose 0.3% in August. This was slightly higher than forecast but pretty much on the screws when you back away and look at the...
Fri, Sep 17 2010, 8:25 AM
Both interest rates and equity futures are improving this morning as investor spirits got a bump from better-than-anticipated earnings from Oracle and...
Fri, Sep 17 2010, 4:41 PM
Mortgage rates came into the week on a three day losing streak. After a quick correction on Monday and Tuesday, mortgage rates ended this week on anot...
Fri, Sep 17 2010, 1:14 PM
Fannie Mae is working with the Federal Housing Finance Agency (FHFA) to develop and adopt appraiser independence requirements that will replace the Ho...
Thu, Sep 16 2010, 12:32 PM
Testifying before a House subcommittee, representatives of HUD and Treasury each laid out similar goals and expectations for the future of the governm...
Thu, Sep 16 2010, 12:06 PM
Originator Compensation Conference Call; Reducing Fraud with Freddie; AOTs vs. Direct Trades; Fannie Mae Econ Outlook; New Relock Policies
Thu, Sep 16 2010, 10:15 AM
I bet secondary desks who were waiting to pair off a few hedges are now breathing a sigh of relief as production coupon prices are following benchmark...
Thu, Sep 16 2010, 8:06 AM
Equity futures are marginally weaker and interest rates are smidge lower this morning ahead of key data on inflation, weekly jobless claims, foreign a...
Thu, Sep 16 2010, 5:24 PM
The most obvious development of the day in the bond market was the steeper shape of the TSY yield curve. 2s/10s ticked as wide as 230bps before bargai...
Thu, Sep 16 2010, 5:04 PM
While the credit quality of mortgages held by the FHLBanks is much above the industry average, they have pulled back from mortgage purchase activity.
Thu, Sep 16 2010, 3:49 PM
Foreclosure filings increased again in August according to RealtyTrac. The increase was driven by auction notices and completed foreclosures as, the ...
Thu, Sep 16 2010, 2:52 PM
REPRICES FOR THE WORSE HAVE BEEN REPORTED but the FNCL 4.0 is back in its range and a few reprices for the better have been passed along, not too many...
Thu, Sep 16 2010, 1:16 PM
Secondary market revenues are a large piece of the revenues and profits of a mortgage bank. They are predicated on both volume and GOS. A secondary m...
Wed, Sep 15 2010, 10:03 AM
Is everyone enjoying added chopatility in the bond market? Loan pricing certainly traveled a long distance over the course of the last week. What's f...
Wed, Sep 15 2010, 9:52 AM
FHA Underwater Refi Option; MBS Issuance; TBW & Freddie Mac Relief Open Access; Wells Buying USDA Product; PHH and JP Morgan Loan Purchase Agreement;
Wed, Sep 15 2010, 8:19 AM
Both benchmark interest rates and equity futures are weaker ahead of manufacturing data this morning, which is expected to report a slowdown at regio...
Wed, Sep 15 2010, 4:13 PM
Mortgage rates improved significantly on Monday and Tuesday, putting an end to a three day losing streak that pushed par home loan quotes up to 4.375%...
Wed, Sep 15 2010, 3:03 PM
REPRICES FOR THE WORSE REPORTED. REPRICES FOR THE WORSE REPORTED.
Wed, Sep 15 2010, 2:16 PM
My sister-in-law said the problem was that I was thinking like a borrower instead of a lender. I told her I would stop thinking like a borrower if th...
Wed, Sep 15 2010, 1:11 PM
Rate sheet influential MBS are holding up a bit better than TSY, but prices are still 6 ticks off the morning highs, when some lenders took down their...
Tue, Sep 14 2010, 10:54 AM
BofA's $20 Billion Buyback Issue; MDIA Impact at Month-End; Preparing for an Audit; Jumbo Loans on the Radar;
Tue, Sep 14 2010, 8:57 AM
Sales at U.S. retailers posted their largest gain in five months in August on strong receipts at gasoline stations and clothing outlets, further assua...
Tue, Sep 14 2010, 8:24 AM
Markets are hesitant to head in either direction ahead of the U.S. retail sales report.
Two hours before the opening bell, S&P 500 futures are down...
Tue, Sep 14 2010, 4:52 PM
At this point we are seeking to discover a new range, or move back into the old one. Either way the market needs to define its parameters. Clearly 10s...
Tue, Sep 14 2010, 4:22 PM
If you've been floating, you've endured a bumpy ride over the past 5 days but it was worth your while. MORTGAGE RATES HAVE RECOVERED FROM RECENT WEAKN...
Tue, Sep 14 2010, 2:59 PM
The Obama Administration is encouraging high school educators to start off the school year by enrolling in the second annual National Financial Capabi...
Tue, Sep 14 2010, 2:10 PM
Independent mortgage bankers and bank subsidiaries saw their production volume and production income rise significantly during the second quarter of 2...
Mon, Sep 13 2010, 11:54 AM
The pain trade continued to play itself out in bonds as the week got started in overseas markets last night. General slowness and a "buyers wanted" e...
Mon, Sep 13 2010, 10:11 AM
Bad Mortgage Loans Almost Behind Us?; Lending Tree vs. Zillow; More on Self-Employed Borrowers; RESPA Tolerance Defects; FHA MIP Updates
Mon, Sep 13 2010, 8:52 AM
The week ahead is pretty busy as far as new data goes. Retail sales, industrial production, and inflation data will be highlights.
Mon, Sep 13 2010, 4:59 PM
Considering how well our technical support levels have held up, I am not ready to sound the ALARM BELLS yet, but we remain in a state of HIGH ALERT. R...
Mon, Sep 13 2010, 2:39 PM
While the HECM reverse mortgage industry is banking on the HECM saver, a reverse mortgage program with lower costs and less benefits, some wonder whet...
Fri, Sep 10 2010, 12:37 PM
The Treasury Inspector General for Tax Administration (TIGTA) has completed a study of IRS management of the evolving series of tax credits that were...
Fri, Sep 10 2010, 11:00 AM
Feedback on Extending Credit to Self-Employed Borrowers; FDIC Sells Delinquent Loans; Brokers Ordering FHA Case Numbers; 2nd Credit Pulls
Fri, Sep 10 2010, 8:53 AM
One hour before the opening bell, S&P 500 futures are up 3.00 points to 1,105.50 and the 10 year Treasury note is -0-10 at 98-18 yielding 2.792% (+3.3...
Fri, Sep 10 2010, 4:13 PM
AHHHHHHH ALERT ALERT!!! MBS PRICES ARE TANKING!!! ALERT!!!
Fri, Sep 10 2010, 3:58 PM
We had no relevant data on the calendar today and the marketplace was generally quiet as many investors and decision makers took time off for religiou...
Fri, Sep 10 2010, 2:58 PM
The large bank owned aggregators have “well oiled” processes that put much of the responsibility on mortgage bankers for any loan level issues that m...
Fri, Sep 10 2010, 1:12 PM
Even for a Friday, pricing got whacked today! Rebate is 41.6bps worse in the last 48 hours. Week over week isn't any better. Reductions are robust acr...
Thu, Sep 9 2010, 12:38 PM
We'll get the results of the $13 billion long bond auction in about 20 minutes. Ahead of issuance, rate sheet influential MBS coupons are just off the...
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...
