Tue, Mar 23 2010, 4:55 PM
The par 30 year conventional rate mortgage has once again declined to the 4.75% to 5.00% range for well qualified consumers .Over the past two days be...
Tue, Mar 23 2010, 4:21 PM
FN 4.5's currently unchanged on the day at 101-02. (4 ticks off highs). Treasuries much worse off with 10yr down 7 ticks, pushing yield up to 3.69. C...
Tue, Mar 23 2010, 3:51 PM
It’s hard to manage a company without have the details of revenues, cost of goods sold and expenses. Appropriate placement of the details on the P&L...
Tue, Mar 23 2010, 2:33 PM
Mon, Mar 22 2010, 12:00 PM
Coiling represents "waiting for guidance" in the marketplace. This fits in well with the financial atmosphere today. There is a lack of meaningful dat...
Mon, Mar 22 2010, 11:04 AM
Citi "Re-Entering" Correspondent Channel; Reverse Mortgages; Updates From Almost Every Major Lender; Seven Bank Failures
Mon, Mar 22 2010, 8:59 AM
The econ calendar is essentially empty today, this allows bond traders to price in auction supply concessions to the yield curve whenever the stock le...
Mon, Mar 22 2010, 8:58 AM
Financial markets don’t seem pleased by the $940 billion healthcare bill. One morning after the House of Representatives passed the President’s initia...
Mon, Mar 22 2010, 6:02 PM
My goal is to convey just how boring today was. The term "range-bound and waiting for guidance" doesn't even begin to describe it. "Low volatility a...
Mon, Mar 22 2010, 5:01 PM
It was a very slow day in the mortgage market. Mortgage-backed security prices opened lower which forced many lenders to publish mortgage rates higher...
Mon, Mar 22 2010, 3:26 PM
Current trading may follow a certain general framework, but it's all akin to a pre-game warm up as the real action won't begin until 1pm tomorrow--whe...
Mon, Mar 22 2010, 3:04 PM
Fannie Mae has offered its servicers a second method of moving distressed borrowers into permanent HAMP loan modifications. The Alt Mod program is de...
Mon, Mar 22 2010, 1:54 PM
Would you invest in a company laden with huge amounts of debt and moderate growth or a company with high growth and no debt? What if the choice were ...
Fri, Mar 19 2010, 11:48 AM
Rates are staging a lackluster comeback as commodities stocks battle a strong dollar. Adding some weakness is a continued lack of liquidity in the mar...
Fri, Mar 19 2010, 10:00 AM
Underwriter Compensation and Production; Mortgage Insurance Update; Fannie Mae Buyout Details
Fri, Mar 19 2010, 8:33 AM
Both benchmark 10s and rate sheet influential MBS coupons are opening the day weaker...in a very slow trading environment. 10s moved sideways overnigh...
Fri, Mar 19 2010, 8:27 AM
Stocks are mixed after yesterday’s mixed session. A lack of significant data on today’s schedule implies trading could be light, but headlines should ...
Fri, Mar 19 2010, 4:18 PM
Fri, Mar 19 2010, 3:34 PM
Recapping The Week That Was in Housing: Fed Meeting, Builder Confidence, Housing Starts, Building Permits, Financial Reform, Loan Demand, Interest Ra...
Fri, Mar 19 2010, 3:24 PM
After yesterday’s busy economic data calendar, the schedule was empty today. Reports from fellow mortgage professionals indicate lender rate sheets to...
Fri, Mar 19 2010, 3:01 PM
Fri, Mar 19 2010, 1:37 PM
Thu, Mar 18 2010, 12:43 PM
Thu, Mar 18 2010, 12:06 PM
We perform our FOCIS audit for warehouse lenders looking to identify hidden risks and potential “tapebombs” that may result in unexpected losses. We ...
Thu, Mar 18 2010, 11:00 AM
If you have been floating in hopes of an extended rates rally, now might be the time to ensure your loans are registered and ready to lock.
Thu, Mar 18 2010, 10:55 AM
Fannie Mae has lowered many of its earlier projections for first quarter residential investment based on lagging home sales in January and February; b...
Thu, Mar 18 2010, 10:20 AM
The Cost of Labor in the Mortgage Market; FHA Origination Down 10% in January; Wells to Modify 2nd Liens; FHA Condo Questions
Thu, Mar 18 2010, 8:42 AM
Inflation data was dovish, supportive of exceptionally low Federal Reserve interest rate policy for an "extended period". Jobless claims were worse t...
Thu, Mar 18 2010, 8:19 AM
The day ahead offers several fresh data points and a range of speakers from the Federal Reserve. Traders are being cautious as equity prices are sligh...
Thu, Mar 18 2010, 5:09 PM
Thu, Mar 18 2010, 5:03 PM
Don't expect an extension of the MBS program on April 1. If anything, the Fed will let the market function on its own and evaluate progress. If the la...
Thu, Mar 18 2010, 4:40 PM
After the release of the Treasury debt statement, benchmark yields rose and MBS prices fell. This forced many lenders to reprice for the worse. After...
Thu, Mar 18 2010, 3:27 PM
Wed, Mar 17 2010, 12:48 PM
THE PHRASE PLAY THE RANGE UNTIL THE RANGE PLAYS YOU RESONATES LOUDLY IN MY HEAD AT THE MOMENT. 10 yr yields have fallen fast, all the way back to the ...
Wed, Mar 17 2010, 10:56 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 12, 2010. When the Fed announc...
Wed, Mar 17 2010, 10:31 AM
Federal Home Loan Bank's Suit Against Nine Private Label MBS Dealers; ; No Change from Fed
Wed, Mar 17 2010, 9:02 AM
Across all stages of production, falling energy prices in February accounted for the majority of deflation with gasoline being the biggest drag. The ...
Wed, Mar 17 2010, 8:02 AM
Despite yesterday’s news that housing starts fell nearly 6% in February, stock markets managed to move upwards yesterday and this morning that upward ...
Wed, Mar 17 2010, 5:37 PM
Wed, Mar 17 2010, 3:51 PM
Wed, Mar 17 2010, 3:24 PM
We are seeing very aggressive rate sheets from lenders today. My advice would be to lock any loan closing and funding in the next 30 days. Same excep...
Tue, Mar 16 2010, 12:09 PM
Those parties who have so far weighed in with reactions to the financial reform legislation proposed by Senator Dodd have pretty much said what they m...
Tue, Mar 16 2010, 11:16 AM
Tue, Mar 16 2010, 10:49 AM
On the eve of the second anniversary of the Bear Stearns collapse, Senator Christopher Dodd released a bill designed to reform much of the financial s...
Tue, Mar 16 2010, 10:20 AM
Fed Doves & Hawks Defined; More on USDA; ResCap & Goldman; Rent vs. Buy; Refinancing Government Debt
Tue, Mar 16 2010, 8:48 AM
Tue, Mar 16 2010, 8:11 AM
The dollar is weaker and equities look to open higher as investors await the afternoon policy statement from the Federal Reserve Board.
Two hours b...
Tue, Mar 16 2010, 5:36 PM
Tue, Mar 16 2010, 5:05 PM
The Federal Open Market Committee (FOMC) met for a one day meeting today. Usually they meet for two. At 2:15, the FOMC released their statement on mon...
Tue, Mar 16 2010, 3:57 PM
Bottom line, arguments were a bit skewed in favor of floating yesterday, whereas they are more balanced today. However, this factors in some trending...
