Wed, Oct 13 2010, 5:12 PM
Consumer borrowing costs were what I would consider "noticeably more expensive" this morning when lenders first released rate sheets. While home loan ...
Wed, Oct 13 2010, 3:33 PM
I called attention to the phrase "the servicer must work with counsel". I am not sure if this guidance was intended to be a solution or not. If it ...
Wed, Oct 13 2010, 2:51 PM
"Rate sheet influential" TSYs have found a bid after running into a key technical support level. To the delight of the dealer community, flows have sh...
Wed, Oct 13 2010, 1:01 PM
It is widely anticipated that the Fed will announce QEII in the not so distant future, which should push bond prices higher and lead yields lower. Fro...
Tue, Oct 12 2010, 11:34 AM
One billion dollars in emergency funds will soon be available to help homeowners "bridge" their mortgage payments while they recover from the impact o...
Tue, Oct 12 2010, 9:37 AM
The December FNCL 3.5 is trading +0-08 at 101-03. Trading flows are thin ahead of the 3 year note auction and FOMC minutes but rates are recovering fr...
Tue, Oct 12 2010, 9:26 AM
Originator Loan Buybacks Still an Issue; Input on Lender Turn Times; Goldman Sachs Freezes Foreclosures; eNotes; Investor Updates
Tue, Oct 12 2010, 8:55 AM
The holiday shortened week ahead is filled with data, Federal Reserve speakers, debt auctions, and the beginning of earnings season
Tue, Oct 12 2010, 5:39 PM
After a slow overnight session that left rates better bid heading into the domestic trading day, benchmark TSY yields and rate sheet influential MBS p...
Tue, Oct 12 2010, 5:13 PM
Mortgage rates improved to new record lows last week, rallying in five straight sessions before finally reversing course following the release of the ...
Tue, Oct 12 2010, 2:03 PM
"Although participants considered it unlikely that the economy would reenter a recession, many expressed concern that output growth, and the associate...
Tue, Oct 12 2010, 1:08 PM
Treasury has just auctioned $32 billion 3-year notes. Even though the market did its best to let the issue cheapen, record low yields and a generally ...
Fri, Oct 8 2010, 11:51 AM
Industry Feedback on Foreclosure Debacle; Rate Sheet Rebate vs. Processing Turn Times; Best Practices Lender Guide; Acceptable Income Types
Fri, Oct 8 2010, 11:15 AM
Bank of America, the largest servicer of mortgage loans, has announced it will halt foreclosure sales in all 50 states. While news flashes on trading ...
Fri, Oct 8 2010, 10:19 AM
I have waited and waited and waited to do this but I think I can safely award the 3.5 MBS with the official production coupon designation. YAY! 30 ye...
Fri, Oct 8 2010, 8:40 AM
QUICK RECAP: NFP: -95K vs. call for UNCH vs. Aug -57K. Private Sector +64K jobs vs. call for +75. vs. +93K in August. Government job cuts total 159K v...
Fri, Oct 8 2010, 7:58 AM
Economists polled by Reuters currently believe the report will show the labor market was flat last month after 54k jobs were lost in August. Private e...
Fri, Oct 8 2010, 3:37 PM
If you haven't gotten a reprice for the worse yet, you will be soon. If you have gotten a reprice for the worse, I don't rule out another round of reb...
Fri, Oct 8 2010, 1:00 PM
The primary mortgage market just got more competitive! Lenders are begging consumers to lock in their loans!!!
Thu, Oct 7 2010, 12:59 PM
Can it get any better than this? Sure. Not all lenders are offering 3.875% pricing yet, some desks need to catch up. If we hold at record MBS price le...
Thu, Oct 7 2010, 12:40 PM
Options ARM's - The Gift that Keeps on Giving; Top Lenders by Volume; Investor Angle on Foreclosure Issues
Thu, Oct 7 2010, 8:49 AM
If the data doesn't match expectations, 10s would move into the low 2.30s% and rebate would improve a few more bps while MBS would lag a continued ral...
Thu, Oct 7 2010, 8:26 AM
Benchmark interest rates are marginally higher and equity futures are mixed following an awful report Wednesday on private employment from Automatic D...
Thu, Oct 7 2010, 4:52 PM
Loan pricing improved again today. Mortgage rates are on a five day winning streak. This is the first time that par 30-year fixed mortgage rates have ...
Thu, Oct 7 2010, 2:01 PM
So far from what I can tell......
This is a procedural loophole. lots of noise surrounding a technicality. But why does no one stop to consider the...
Wed, Oct 6 2010, 12:46 PM
Spurred on by a weak preview of official labor market data to come, the bond market upped the anti on quantitative easing this morning when the 10 yea...
Wed, Oct 6 2010, 10:13 AM
While new upfront MIP requirements lower the cost for borrowers at the closing table, the plain and simple truth is the increase in the annual premium...
Wed, Oct 6 2010, 10:08 AM
WSJ Asks If Homebuyers Even Need Mortgage Brokers; Wells Wholesale Channel Staying Put; More on Foreclosures; Lock Extension Regs
Wed, Oct 6 2010, 8:17 AM
ADP says: "The decline in private employment in September confirms a pause in the economic recovery already evident in other data. A deceleration of e...
Wed, Oct 6 2010, 8:05 AM
Good Morning. Both stocks and bonds are both rallying (again) ahead of the ADP Employment Report.
Wed, Oct 6 2010, 5:58 PM
Fed Policy: CLEARLY ON EVERYONE'S MIND. Including mortgage rate watchers....
Wed, Oct 6 2010, 3:45 PM
While we do not yet see a reason to believe mortgage rates will dip below the record lows currently being offered by lenders, we do expect the uncerta...
Tue, Oct 5 2010, 12:36 PM
Three lenders have now suspended foreclosure and/or evictions in 23 judicial foreclosure states. While this issue started a PR problem, it is growing...
Tue, Oct 5 2010, 10:25 AM
Rate sheet influential MBS coupons have been generally stable since ISM flashed. Yield spreads are however wider as origination supply has picked up ...
Tue, Oct 5 2010, 9:27 AM
Feedback: Loan Closing Delayed on Foreclosed Property Purchase; More on Retained Servicing vs. Released; TPO FHA Production
Tue, Oct 5 2010, 8:27 AM
After briefly breaking range support in a thinly traded marketplace yesterday, equity futures are recovering this morning as investors await a key ISM...
Tue, Oct 5 2010, 4:57 PM
NO CHANGE IN MORTGAGE RATES TODAY. PERHAPS A FEW MORE LENDERS ARE OFFERING PAR QUOTES BELOW 4.25% BUT NO QUOTE IS MONUMENTALLY BETTER THAN IT WAS YEST...
Tue, Oct 5 2010, 2:55 PM
In my travels around the country I have come to find that mortgage shop owner/operators see repurchase risk and delays in the loan purchasing process ...
Tue, Oct 5 2010, 2:07 PM
Bank of America Home Loans will exit the first mortgage wholesale channel to focus more operational resources toward fulfillment capacity for its lead...
Mon, Oct 4 2010, 12:22 PM
FYI: Fannie and Freddie have issued policy review directives to seller/servicers on following proper procedure in the foreclosure process.Unfortunatel...
Mon, Oct 4 2010, 11:55 AM
MBS prices are moving higher as stocks tick deeper into the red. If your lender was a little lite on the rebate this AM...you might see reprices for t...
Mon, Oct 4 2010, 9:40 AM
Foreclosure mess impacts title companies; First Horizon leaving; updates from several more investors; today is the big FHA MIP day!
Mon, Oct 4 2010, 8:50 AM
The dominant headline this week will be Friday’s jobs report for September, which is expected to show growth in the private sector was offset by gover...
Mon, Oct 4 2010, 6:18 PM
While there's still room for prices to run higher (7/32), if you're into playing pivot points,MBS prices are due a reversal. Back month FNCL 4.0s have...
Mon, Oct 4 2010, 1:43 PM
Pending home sales have increased for the second consecutive month, according to the National Association of Realtors®. "Attractive affordability cond...
Mon, Oct 4 2010, 1:19 PM
A Reverse Mortgage is similar to a conventional mortgage because it is a lien against the property and the title remains in the name of the borrower. ...
Fri, Oct 1 2010, 12:34 PM
SBA securities? You bet! Flood insurance extended; Monday a big day for MI companies; updates from Chase, Citi, Fifth Third, Fannie, Flag, USB
Fri, Oct 1 2010, 10:36 AM
Bill Dudley's dovish comments are still the primary focus of the bond market, but 10am helped move the needle in an originator friendly direction.
Fri, Oct 1 2010, 8:31 AM
Personal Income and Spending data has been released. Spending rose 0.4%. Income improved 0.5%. Both metrics were slightly better than expected but wel...
Fri, Oct 1 2010, 8:19 AM
The day ahead is filled with data and fedspeak and both stocks and bonds are ready to react to whatever crosses wires. Ninety minutes before the bell ...
