Tue, Mar 2 2010, 10:55 AM
While I do see reasons to be worried about reprices for the worse in the short term, recent ranges are still containing directionality. It looks like ...
Tue, Mar 2 2010, 10:46 AM
Mortgage Support Needed in Russia; Jumbo Market Making a Comeback?; Warehouse Lending; Investor Updates
Tue, Mar 2 2010, 9:56 AM
Mortgages have been playing follow the leader with benchmark Treasuries over the past few session. This continues ahead of what is expected to be a sl...
Tue, Mar 2 2010, 8:14 AM
Relative to how busy this week is, Tuesday’s economic calendar is pretty slow. Aside from the weekly retail sales surveys, no major economic data will...
Tue, Mar 2 2010, 5:04 PM
It was a very volatile day in the secondary mortgage market. Yesterday MBS prices rose in the morning and fell in the afternoon. Today the exact oppos...
Mon, Mar 1 2010, 10:20 AM
Residential construction was at a seasonally adjusted annual rate of $260.8 billion in January, 1.3 percent above the revised December estimate of $25...
Mon, Mar 1 2010, 10:13 AM
Mandatory Loan Commitment Speedbump? GSE Earnings; Interest Only Loans a Thing of the Past; More on HUD, RESPA, and the GFE
Mon, Mar 1 2010, 8:25 AM
Markets are optimistic ahead of another busy week of data. Equities are looking for a higher opening, commodities are mixed, the dollar is slightly up...
Mon, Mar 1 2010, 4:14 PM
The week ahead is busy with the highest impacting report scheduled to be released on Friday morning. Reports from fellow mortgage professionals indica...
Mon, Mar 1 2010, 3:50 PM
The Federal Housing Finance Agency announced today that it Home Affordable Refinance Program will be extended until June 30, 2011. The program is aim...
Mon, Mar 1 2010, 3:23 PM
The U.S. Department of Housing and Urban Development, in partnership with the Loan Modification Scam Prevention Network, today announced the launch of...
Mon, Mar 1 2010, 2:23 PM
We were Compass Analytics users for years back when it was called Tuttle & Co. They were a great hedging advisor then, it may be even better today. O...
Mon, Mar 1 2010, 1:26 PM
Headlines cite strength in stocks as a function of Greece bailout developments. Gains are broad based though so we have to look deeper. I say the upti...
Fri, Feb 26 2010, 12:53 PM
Fri, Feb 26 2010, 11:53 AM
Freddie Mac (NYSE: FRE) announced today that on or about September 1, 2010, the company will cease purchasing and securitizing interest only mortgages...
Fri, Feb 26 2010, 11:47 AM
The acting head of FHFA told Congressional leadership that Fannie Mae and Freddie Mac will forgo new products to concentrate on its core businesses w...
Fri, Feb 26 2010, 10:33 AM
Fri, Feb 26 2010, 8:59 AM
Lenders Preparing for Fed's Exit; Foreclosure Ban in Process?; FDIC Banking Profiles and CRA Requirements; More GFE
Fri, Feb 26 2010, 8:42 AM
Fri, Feb 26 2010, 8:18 AM
Since Monday the benchmark S&P 500 has tumbled 0.56% but with fresh data on housing, growth, manufacturing, and consumer sentiment all before Noon, th...
Fri, Feb 26 2010, 4:58 PM
Fri, Feb 26 2010, 3:58 PM
If I was selling loans at the moment and I wanted to reduce secondary marketing 'leakage', I would take special note of the changes, updates, and guid...
Fri, Feb 26 2010, 3:05 PM
Thu, Feb 25 2010, 11:44 AM
Trading in the bond market has been a tale of two objectives. On one hand dealers are trying to push prices lower (yields higher) ahead of $32 billion...
Thu, Feb 25 2010, 10:59 AM
Today, during the Q&A session of his annual report to Congress, Chairman of the Federal Reserve Ben Bernanke said we are in "no-man's land" with Fanni...
Thu, Feb 25 2010, 10:45 AM
Stories from the Street; Loan Apps Continue to Slow; Commercial Default Rates; Freddie's Results, Updates from Wells and US Bank
Thu, Feb 25 2010, 8:42 AM
The 3.625% coupon bearing 10 year TSY note is currently +0-15 at 99-29 yielding 3.639%. Lately I have been using Fibonacci retracements as a technica...
Thu, Feb 25 2010, 8:28 AM
Investors are once again concerned about risk as Greece continues to make headlines. Equity futures are sharply lower and appear likely to erase a goo...
Thu, Feb 25 2010, 6:10 PM
Improvements over the course of the week have led mortgage rates back toward the lows of 2010. While floating is really tempting, if I only had one l...
Thu, Feb 25 2010, 5:28 PM
Thu, Feb 25 2010, 4:46 PM
The key is to not be an average performer in the mortgage banking space. As an average performer, the risk verses reward is slanted more toward the ri...
Thu, Feb 25 2010, 4:22 PM
In response to rising numbers of long-term unemployed, the Mortgage Brokers Association has proposed an addition to the HAMP program which would allow...
Thu, Feb 25 2010, 3:20 PM
Thu, Feb 25 2010, 3:17 PM
Since the inception of the program in January 2009, the Fed has spent $1.21 trillion in the agency MBS market, or 96.5 percent of the allocated $1.25 ...
Thu, Feb 25 2010, 2:41 PM
Freddie Mac and Fannie Mae have released data on average interest rates over the most recent week. Both reported an increase in long term and fixed r...
Thu, Feb 25 2010, 1:03 PM
HIGH YIELD 3.078 PCT, 9.60 PCT OF BIDS AT HIGH
BID-TO-COVER RATIO 2.98, NON-COMP BIDS $35.2 MLN
PRIMARY DEALERS TAKE $13.57 BLN OF 7-YEAR NOTES ...
Wed, Feb 24 2010, 12:58 PM
The National Association of Realtors has suggested a total reorganization of Freddie Mac and Fannie Mae, turning them into two non-profit government-c...
Wed, Feb 24 2010, 11:21 AM
We've heard all this already, not much new content to discuss. The market's main focus is on monetary policy. The Fed is going to keep the Fed Funds R...
Wed, Feb 24 2010, 9:59 AM
The annual pace of New Home Sales fell to a new record low in January. This was the fourth consecutive month New Home Sales slid and the largest month...
Wed, Feb 24 2010, 9:56 AM
Mortgage Insurance Pricing; Radian's Loss Narrows; NAR Non-Profit Proposal; Tips from Wells Fargo
Wed, Feb 24 2010, 8:38 AM
The market's quiet disposition this morning illustrates that most participants are waiting on Bernanke testimony. Speculative positions are set and sa...
Wed, Feb 24 2010, 8:06 AM
The market is roughly flat ahead of January housing data and testimony from Federal Reserve chairman Ben Bernanke.
90 minutes before the opening b...
Wed, Feb 24 2010, 5:07 PM
Wed, Feb 24 2010, 4:34 PM
I have been saying all year that mortgage rates will need some sort of major shift in economic outlooks if they are to fall below 4.75% again. A surp...
