Tue, Nov 30 2010, 10:23 AM
Mortgage jobs! HUD to impact warehouse lending; banks resisting buybacks; Wells weighs in on risk retention; are underwriting overlays discriminatory?
Tue, Nov 30 2010, 10:11 AM
Bond markets are improved again this morning, adding follow-through to some positive momentum from late last week. Those gains began after some preci...
Tue, Nov 30 2010, 9:22 AM
In September, the 10-City and 20-City Composites recorded annual returns of +1.6% and +0.6%, respectively. These two indices are reported at a monthly...
Tue, Nov 30 2010, 8:53 AM
The flight to safety that pushed U.S. interest rates lower yesterday has extended into today's trading session. Equities are weaker around the world, ...
Tue, Nov 30 2010, 5:54 PM
Lenders were hesitant to pass along loan pricing improvements yesterday but made up for it today with broad based reductions in consumer borrowing cos...
Tue, Nov 30 2010, 5:50 PM
Yesterday, the last price to come across our screens for Fannie 4.0's was 101-16. So I suppose the fact that today's last price was 101-17 should be ...
Tue, Nov 30 2010, 2:22 PM
A Federal Reserve official expressed concern on Monday that the new Consumer Financial Protection Bureau, soon to be operating as an independent agenc...
Tue, Nov 30 2010, 1:25 PM
After running into some overhead resistance, MBS have rapidly hit new lows making reprices for the worse likely. From highs around 101-26, FN 4.0's ...
Mon, Nov 29 2010, 12:50 PM
Because lenders were on autopilot after Thanksgiving, I decided to run my loan pricing comparison vs. rebate offers from last Wednesday, which was not...
Mon, Nov 29 2010, 12:19 PM
The Next Buyback Problem to Face the Industry; Mortgage Assistance Relief Services Rule; Home Loan Interest Tax Deductibility Feedback;
Mon, Nov 29 2010, 9:27 AM
The risk trade is off again this morning as the dollar gains value and U.S. TSYs catch a bid while stock futures deflate. That might be a bit dramatic...
Mon, Nov 29 2010, 8:34 AM
"Rate sheet influential" interest rates are marginally lower this morning ahead of an important week of fresh economic data. The schedule includes key...
Mon, Nov 29 2010, 4:59 PM
It's gonna be a big week for mortgage rates, the bond market, and the entire economy. The economic calendar in the week ahead is busy and there are ma...
Mon, Nov 29 2010, 3:37 PM
Although they cut their output forecast, the Fed still expects a noticeable GDP improvement in 2011 from 2010. This uptick in total output is expect...
Mon, Nov 29 2010, 2:34 PM
A little over a week ago Garrett, Watts & Co held its annual client appreciation dinner in San Francisco. The event took place at the Palace Hotel. A...
Sun, Nov 28 2010, 8:17 PM
I always poke around my viewer on Sunday nights. This is what I was looking at....
Fri, Nov 26 2010, 12:39 PM
The FDIC reported today that its insured depository institutions increased profitability to over $14 billion in the third quarter, a seven-fold increa...
Fri, Nov 26 2010, 11:33 AM
How the Value of the Dollar Impacts Mortgage Rates; Input on Loan Pricing Transparency; New LLPAs Passed Down; 4506-T Verification Info
Fri, Nov 26 2010, 8:35 AM
I feel fat and lazy but the yield curve is bull flattening and "rate sheet influential" MBS coupons are chipping away at the unraveling that occurred ...
Fri, Nov 26 2010, 1:36 PM
Americans are still waiting for the housing market to hit bottom according to survey data released this week from the Third Quarter Fannie Mae Nationa...
Fri, Nov 26 2010, 1:18 PM
Recent choppy movements in bond markets are trying to trick you. They want you to believe that something important has CHANGED. While I wholehearted...
Wed, Nov 24 2010, 12:28 PM
The bond market lost it's bid and offer prices were pushed lower and lower to attract buyers. And just like that...poof...three days of positive progr...
Wed, Nov 24 2010, 12:15 PM
Lender "Skin in the Game"; More on Freddie's Fee Increase; New Mortgagee Letters; Sponsored FHA Originators; Investor Bulletins
Wed, Nov 24 2010, 11:37 AM
The increase in purchase applications last week aligns with other incoming data suggesting that consumers are feeling somewhat more confident with the...
Wed, Nov 24 2010, 11:00 AM
We are seeing a complete repricing in the bond market at the moment with weakness really taking flight following 830 econ data. Loan pricing is especi...
Wed, Nov 24 2010, 10:46 PM
A moderate recovery to what seemed like decently aggressive loan pricing over the past three days was wiped out in a matter of minutes today.While tha...
Wed, Nov 24 2010, 8:27 AM
Interest rates are giving back yesterday's flight to safety rally and equities are recovering this morning after a rout that pushed the major indexes ...
Wed, Nov 24 2010, 2:09 PM
The U.S. Census Bureau and the Department of Housing and Urban Development have jointly released NEW RESIDENTIAL SALES for October 2010.
Wed, Nov 24 2010, 1:19 PM
10s and 30s down over a full point in price now. 10s yielding 2.905%. 2s/10s curve back over 236 pivot at 238bps wide. Cash FNCL 4.0s -21/32 at 101-04...
Tue, Nov 23 2010, 11:52 AM
Freddie Mac Hikes Fees on Higher Risk Loans; DU 8.2 Update Coming Soon; Fraud in the Mortgage Business; Free Refi Offer from Chase?
Tue, Nov 23 2010, 11:36 AM
Following two months of gains, Existing Home Sales Decline in October, casting doubt on the notion that the previous two months of gains constituted t...
Tue, Nov 23 2010, 9:56 AM
The Federal Housing Finance Agency, which oversees the Federal Home Loan Banks, has published a proposed rule for comment that would permit and regula...
Tue, Nov 23 2010, 8:44 AM
The BEA has released Q3 Preliminary GDP data. The GDP estimates released today are based on more complete source data than were available for the adva...
Tue, Nov 23 2010, 8:21 AM
The risk trade is off this morning, the yield curve is bull flattening and "rate sheet influential" benchmarks have broken a key resistance level. Tw...
Tue, Nov 23 2010, 6:04 PM
Plain and Simple Recap: "In their discussion of the economic situation and outlook, meeting participants generally agreed that the incoming data indic...
Tue, Nov 23 2010, 5:31 PM
Looking back at the distribution of lender pricing offerings over the past two weeks, we've been overwhelmed by volatile movements and knee jerk react...
Tue, Nov 23 2010, 2:18 PM
Rate sheet influential MBS coupons are 9/32 off their price highs. This may prompt some lenders to reprice for the worse.
Tue, Nov 23 2010, 1:57 PM
Well. If there was anytime to say the indirect bid reflects overseas bidder interests, now would be the time. Indirect accounts were awarded a 20-auct...
Mon, Nov 22 2010, 12:41 PM
Rate sheet influential MBS prices are trading higher this morning and lenders have passed along some love.
Mon, Nov 22 2010, 11:50 AM
The big story for global financial markets today is the EU/IMF's 80-90 billion euro bailout for Ireland. WARNING: this whole "Ireland thing" is not y...
Mon, Nov 22 2010, 9:54 AM
Basel III Bank Capital Shortage; Recent ARM Stats; HAMP Running Out of Applicants; High Cost Loan Limits; Investor Updates
Mon, Nov 22 2010, 9:10 AM
Limits for most government-involved loans have been set for the coming year. Despite substantial losses in home values nationwide, the loan limits ar...
Mon, Nov 22 2010, 8:34 AM
Interest rates are rallying after the market heard news that Ireland's Prime Minister Brian Cowen had asked for and will receive financial assistance ...
Mon, Nov 22 2010, 6:11 PM
Monday's trading of mortgage backed securities (MBS), which most closely dictate loan pricing offered by lenders, brought welcome changes in the scope...
Mon, Nov 22 2010, 2:55 PM
We don't want to get ahead of ourselves during a holiday shortened trading week, but this choppy price action does offer a few glimmers of hope....mos...
Mon, Nov 22 2010, 1:12 PM
The 2s/10s curve is steeper as dealers distribute 2s while the "getting is good". 10s seem to have printed a local high price and are now retesting th...
Fri, Nov 19 2010, 11:40 AM
Prices of front month FNCL 4.0 are down 1 tick at 101-17+. This follows an afternoon rally yesterday that brought them to nearly 101-24 this morning....
Fri, Nov 19 2010, 10:04 AM
JPM Offloads Chunk of Servicing; HUD's Good Neighbor Next Door; Ambac Buyback Claims; Freddie Appraisal Quality; DU Version 8.2
Fri, Nov 19 2010, 9:44 AM
The MBA's quarterly delinquency survey noted improvements in many areas, with overall delinquency rates down for most loan types. Foreclosure starts,...
Fri, Nov 19 2010, 8:24 AM
Investor focus is likely to remain on foreign events and speeches today, as no significant economic data is scheduled for release, this implies we sho...
