Tue, Sep 14 2010, 10:54 AM
BofA's $20 Billion Buyback Issue; MDIA Impact at Month-End; Preparing for an Audit; Jumbo Loans on the Radar;
Tue, Sep 14 2010, 8:57 AM
Sales at U.S. retailers posted their largest gain in five months in August on strong receipts at gasoline stations and clothing outlets, further assua...
Tue, Sep 14 2010, 8:24 AM
Markets are hesitant to head in either direction ahead of the U.S. retail sales report.
Two hours before the opening bell, S&P 500 futures are down...
Tue, Sep 14 2010, 4:52 PM
At this point we are seeking to discover a new range, or move back into the old one. Either way the market needs to define its parameters. Clearly 10s...
Tue, Sep 14 2010, 4:22 PM
If you've been floating, you've endured a bumpy ride over the past 5 days but it was worth your while. MORTGAGE RATES HAVE RECOVERED FROM RECENT WEAKN...
Tue, Sep 14 2010, 2:59 PM
The Obama Administration is encouraging high school educators to start off the school year by enrolling in the second annual National Financial Capabi...
Tue, Sep 14 2010, 2:10 PM
Independent mortgage bankers and bank subsidiaries saw their production volume and production income rise significantly during the second quarter of 2...
Mon, Sep 13 2010, 11:54 AM
The pain trade continued to play itself out in bonds as the week got started in overseas markets last night. General slowness and a "buyers wanted" e...
Mon, Sep 13 2010, 10:11 AM
Bad Mortgage Loans Almost Behind Us?; Lending Tree vs. Zillow; More on Self-Employed Borrowers; RESPA Tolerance Defects; FHA MIP Updates
Mon, Sep 13 2010, 8:52 AM
The week ahead is pretty busy as far as new data goes. Retail sales, industrial production, and inflation data will be highlights.
Mon, Sep 13 2010, 4:59 PM
Considering how well our technical support levels have held up, I am not ready to sound the ALARM BELLS yet, but we remain in a state of HIGH ALERT. R...
Mon, Sep 13 2010, 2:39 PM
While the HECM reverse mortgage industry is banking on the HECM saver, a reverse mortgage program with lower costs and less benefits, some wonder whet...
Fri, Sep 10 2010, 12:37 PM
The Treasury Inspector General for Tax Administration (TIGTA) has completed a study of IRS management of the evolving series of tax credits that were...
Fri, Sep 10 2010, 11:00 AM
Feedback on Extending Credit to Self-Employed Borrowers; FDIC Sells Delinquent Loans; Brokers Ordering FHA Case Numbers; 2nd Credit Pulls
Fri, Sep 10 2010, 8:53 AM
One hour before the opening bell, S&P 500 futures are up 3.00 points to 1,105.50 and the 10 year Treasury note is -0-10 at 98-18 yielding 2.792% (+3.3...
Fri, Sep 10 2010, 4:13 PM
AHHHHHHH ALERT ALERT!!! MBS PRICES ARE TANKING!!! ALERT!!!
Fri, Sep 10 2010, 3:58 PM
We had no relevant data on the calendar today and the marketplace was generally quiet as many investors and decision makers took time off for religiou...
Fri, Sep 10 2010, 2:58 PM
The large bank owned aggregators have “well oiled” processes that put much of the responsibility on mortgage bankers for any loan level issues that m...
Fri, Sep 10 2010, 1:12 PM
Even for a Friday, pricing got whacked today! Rebate is 41.6bps worse in the last 48 hours. Week over week isn't any better. Reductions are robust acr...
Thu, Sep 9 2010, 12:38 PM
We'll get the results of the $13 billion long bond auction in about 20 minutes. Ahead of issuance, rate sheet influential MBS coupons are just off the...
Thu, Sep 9 2010, 12:18 PM
Flagstar Cutting Warehouse Lines; Section 502 Loans Move Ahead; Increase in Corporate Debt Issuance; Prepayment Speeds Faster
Thu, Sep 9 2010, 8:36 AM
Initial Jobless Claims and International Trade data has been released, the results were not bond market friendly.
Thu, Sep 9 2010, 8:25 AM
Ninety minutes before the opening bell, S&P 500 futures are +3.50 points to 1,102.75 while Dow futures are 26 points higher at 10,418. So far in Septe...
Thu, Sep 9 2010, 3:52 PM
We might have seen the lowest rates we're ever gonna see, if that is the case, then those rates are already behind us so it doesn't matter. I think ra...
Thu, Sep 9 2010, 3:24 PM
MBS prices are officially 8 ticks below lender loan pricing marks.
REPRICES FOR THE WORSE REPORTED
Thu, Sep 9 2010, 2:40 PM
The Mortgage Bankers Association has sent a letter to the Federal Home Finance Agency expressing several concerns about the framework the agency has p...
Thu, Sep 9 2010, 1:07 PM
While traders tried their hardest to cheapen up this issue over the past two days, this was still the third lowest "high-yield" on record for a long b...
Wed, Sep 8 2010, 11:14 AM
Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen...
Wed, Sep 8 2010, 10:27 AM
Potential Spot to Shelf Jumbo Loan Paper; FHA Q&A on Condo Recerts; Buyback Breakdown; Lots of Lender Updates
Wed, Sep 8 2010, 8:13 AM
Benchmark Treasury and rate sheet influential MBS prices are moving lower ahead of a busy events calendar today. On the schedule: the Beige Book, 10-...
Wed, Sep 8 2010, 6:21 PM
Because stocks were already in rally mode when the day began, and because stocks stayed in rally mode for most of the day, the small recovery rally se...
Wed, Sep 8 2010, 4:23 PM
Rural Development's interim systems enhancements will complete on September 8, 2010, at which time the Agency will begin obligating Section 502 Single...
Wed, Sep 8 2010, 3:24 PM
Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July thr...
Wed, Sep 8 2010, 1:02 PM
Treasury just auctioned $21 billion 10 year notes. Auction demand was healthy, thanks to one group of bidders specifically, and the market has respon...
Tue, Sep 7 2010, 11:45 AM
You've earned back much of what you lost on Friday, but I would remain defensive of rebate improvements until 10s break 2.645% resistance and stocks c...
Tue, Sep 7 2010, 11:19 AM
Zero-down programs - why not?! Jumbo market stirrings; HUD & agency updates; does the value of servicing warrant retaining it?
Tue, Sep 7 2010, 8:41 AM
September began on a strong note last week as the Dow jumped almost 3%, or 297 points. Whether the strength continues this week could depend on the Fe...
Tue, Sep 7 2010, 4:11 PM
Besides the ups and downs in stock market, mortgage rates will also be motivated by Treasury auctions in the week ahead. Tomorrow the Treasury will au...
Tue, Sep 7 2010, 2:58 PM
Eric Rosengren, president of the Federal Reserve Bank of Boston, told attendees at a Federal Reserve sponsored conference on REO and Vacant Property S...
Fri, Sep 3 2010, 12:48 PM
A slow econ calendar and pending Treasury issuance combined with a short term bias to chase returns in the equity market imply interest rates will ris...
Fri, Sep 3 2010, 10:44 AM
FHFA has released final housing goals for Freddie Mac and Fannie Mae for 2010-2011. The goals establish benchmarks for the Enterprise to purchase mor...
Fri, Sep 3 2010, 10:26 AM
Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping
Fri, Sep 3 2010, 8:30 AM
Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor ...
Fri, Sep 3 2010, 8:13 AM
Markets are roughly flat Friday morning ahead of the widely anticipated employment report for August, which at 8:30 eastern time is set to show that j...
Fri, Sep 3 2010, 4:38 PM
After the data was released, stock markets rallied sharply higher and the bond market sold off. After hitting new lows on Tuesday, mortgage rates hav...
Thu, Sep 2 2010, 12:42 PM
The way I view it, the hoard of $$$ that has gone long Treasuries would just love it if NFP prints worse than expected. Not only could they add to the...
Thu, Sep 2 2010, 11:39 AM
Litany of Investor Bulletins: Mortgage Insurance, Appraisal Photos, Originator IDs, Incomplete GFEs, 203(b)'s, Reserve Requirements, No More ARMs
Thu, Sep 2 2010, 11:25 AM
Many of our clients feel like the large aggregators are being managed by the risk management departments. There may be some truth in this because mos...
Thu, Sep 2 2010, 8:27 AM
Interest rates are modestly higher this morning after equities closed nearly 3% higher Wednesday.
Ninety minutes before the opening bell, S&P 500 f...
Thu, Sep 2 2010, 5:42 PM
The Employment Situation Report will be released at 8:30am tomorrow. Economists expect the Unemployment Rate to move higher from 9.5% to 9.6% and they...
