Tue, Mar 9 2010, 8:08 AM
Equity futures are firmly lower this morning following a mixed session yesterday. MND's Adam Quinones says weakness in stocks and the flight to qualit...
Tue, Mar 9 2010, 4:51 PM
If you haven't read the following description of the agency MBS settlement process...please don't skip over it as it may save you from having to chang...
Tue, Mar 9 2010, 3:45 PM
The Mortgage Bankers Association says that multifamily and commercial mortgages had lower delinquency rates and charge-offs during the last two years ...
Tue, Mar 9 2010, 3:37 PM
The Department of Housing and Urban Development is reporting that over 3,000 HUD funded groups have complied with reporting requirements regarding hir...
Tue, Mar 9 2010, 2:56 PM
Frank Sinatra’s son was kidnapped on a Friday in 1963, and the singer called up Bank of America, Security Pacific and a few other big banks asking for...
Tue, Mar 9 2010, 1:19 PM
The three year note auction went well. I must remind you that this sector of the yield curve has minimal bearing on the "rate sheet influential" side ...
Mon, Mar 8 2010, 12:23 PM
Mon, Mar 8 2010, 11:59 AM
The arrangement works like this, the bank collects a fee for the appraisal from the borrower; orders an appraisal from the appraisal management compan...
Mon, Mar 8 2010, 11:33 AM
Reports from fellow mortgage professionals indicate lender rate sheets to be marginally worse when compared to Friday afternoon pricing. However the ...
Mon, Mar 8 2010, 11:01 AM
Credit Unions Expanding Loan Production; Ready for Buybacks?; Lender Rating Model; FHA Approval News; Four More Bank Failures;
Mon, Mar 8 2010, 10:27 AM
Besides some off the radar releases, the econ calendar is essentially empty this week. Retail Sales is the only data with the ability to have an inter...
Mon, Mar 8 2010, 8:20 AM
Equity futures are moderately higher ahead of a fairly light week. Dow futures are trading 18 points higher at 10,563 and S&P 500 futures are up a 2 p...
Mon, Mar 8 2010, 3:35 PM
MBA, ABA, AFSA and 11 state lending groups have expressed concern to HUD over proposed regulations that will require mortgage servicers to use license...
Mon, Mar 8 2010, 3:11 PM
Both Fannie Mae and Freddie Mac reported that the average rate for fixed rate and most adjustable rate mortgages declined during the last week. Fredd...
Mon, Mar 8 2010, 3:01 PM
HVCC has been a challenge for originators who don’t have the flexibility they had in the past. Some mortgage bankers complain there are quality issue...
Fri, Mar 5 2010, 12:10 PM
Mandatory commitments offer the opportunity to increase profits and even lower rates, but we must point out the risks associated with mandatory commit...
Fri, Mar 5 2010, 11:12 AM
While many lenders hit rate sheet rebate by about 30bps at the open, not all desks cushioned pricing. Since the initial knee jerk reaction move lower,...
Fri, Mar 5 2010, 10:57 AM
Lender Implementation of FHA Flipping Guideline; SAFE Act Still Weighs on Originators, Thornburg Execs in Trouble
Fri, Mar 5 2010, 10:06 AM
As proposed in a November 30, 2009, proposed rule (74 FR 62521), HUD is seeking to eliminate FHA approval for loan correspondents. Because this rulem...
Fri, Mar 5 2010, 8:34 AM
36,000 jobs were lost in February according to the Bureau of Labor Statistics. The unemployment rate held steady at 9.7%. The payrolls number was MUCH...
Fri, Mar 5 2010, 8:15 AM
Equity futures are firmly higher this morning ahead of February employment numbers. Payrolls are expected to continue declining but investors are reac...
Fri, Mar 5 2010, 5:10 PM
When looking back on the week that was, it seems like mortgage rates went on a wild ride. Lenders repriced for the better and lenders repriced for the...
Thu, Mar 4 2010, 12:41 PM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8...
Thu, Mar 4 2010, 12:07 PM
Those of you who aren’t commercial bankers might ask what the heck is the loans-to-deposit ratio?. Essentially, it’s this: (1) You have $100 in depos...
Thu, Mar 4 2010, 10:44 AM
Thu, Mar 4 2010, 9:47 AM
Underwriters Marching to Lenders' Tune; The Next Generation of Borrowers; New Faces at the Closing Table; MBS Trading Margins
Thu, Mar 4 2010, 8:19 AM
The futures market is pretty quiet this morning as investors await the jobless claims report today and the month’s unemployment report tomorrow. Also ...
Thu, Mar 4 2010, 5:35 PM
I know everyone wants to run through "what if" scenarios and try and position their pipeline for profits ahead of tomorrow's NFP print....I cant say I...
Thu, Mar 4 2010, 5:04 PM
Tomorrow we get the official government numbers on the employment situation. This is the most influential report offered on a monthly basis. Job cre...
Thu, Mar 4 2010, 3:52 PM
In the week ending March 4, 2010, the Federal Reserve purchased a net total of $10.00 billion agency MBS. This $1 billion decline from the previous re...
Wed, Mar 3 2010, 11:18 AM
While price action has been choppy, I do believe the range will contain both bearish and bullish momentum leading up to 830am on Friday. My targets ar...
Wed, Mar 3 2010, 11:15 AM
Over the last year, we’ve seen many loan officers and mortgage brokers desiring to bolt onto a strong regional mortgage bank. Many mortgage brokers a...
Wed, Mar 3 2010, 10:36 AM
Fannie Mae's Buyback Plan; HARP Extended; Lock Desks Busier; RESPA vs. USPS; Rates to Rise 50bps
Wed, Mar 3 2010, 8:07 AM
It’s a busy day ahead as investors will eye key data on the manufacturing industry and receive one of the top forecasting tools for the monthly employ...
Wed, Mar 3 2010, 7:54 AM
We've been speculating about the sources of strength behind bullish bond market momentum. On one hand we know the market is nervous about Friday's NFP...
Wed, Mar 3 2010, 5:46 PM
Like yesterday, early morning weakness in the MBS market led to slightly worse rate sheets at the beginning of the day. However as the day progressed,...
Wed, Mar 3 2010, 4:06 PM
Lock desks got busy toward the end of last week as rates dipped and coverage on it picked up (at least on MND). We believe current mortgage rates are...
Wed, Mar 3 2010, 3:48 PM
Freddie Mac's Monthly Volume Summary shows that loan delinquencies continue to mount and now represent 4.04 percent of its total loans. At the same t...
