Wed, Feb 24 2010, 3:43 PM
Wed, Feb 24 2010, 3:22 PM
Freddie Mac release fourth quarter and 2009 year end financial reports today. Losses for the year were less than half that registered one year earlie...
Wed, Feb 24 2010, 2:59 PM
Will the mortgage broker ever go away? We know some smart people who’ve started up broker shops recently, and we think they’ll find good niches where...
Wed, Feb 24 2010, 1:50 PM
Note on the chart how the 10yr had been having it's longest battle (successfully until just now!) with support levels at 3.70. With that breakout, th...
Wed, Feb 24 2010, 1:21 PM
Tue, Feb 23 2010, 12:47 PM
Optimistic Mortgage Studies; February Production Volume and Profit Margins; ML/BoA Research; More Lender Updates
Tue, Feb 23 2010, 10:54 AM
Tue, Feb 23 2010, 9:00 AM
On a seasonally unadjusted basis, home prices in 20 U.S. cities fell 0.2% in December. Home prices are down 3.1% since last December. This met economi...
Tue, Feb 23 2010, 8:06 AM
Weak data in Europe has caused stocks to edge lower this morning while the US dollar surges. The market is anticipating second-tier retail sales figur...
Tue, Feb 23 2010, 7:59 AM
Weak econ data may add some short term correction momentum today...but the market is still largely short so this progress is more likely a function of...
Tue, Feb 23 2010, 6:26 PM
Stating that the nation's housing market has made significant progress toward stability during the past year, Secretary of Housing and Urban Developme...
Tue, Feb 23 2010, 5:49 PM
Yesterday was the first day in awhile that I advised floating overnight. It paid off today. If you are being offered 4.75% costing 1 discount point, I...
Tue, Feb 23 2010, 5:07 PM
Tue, Feb 23 2010, 3:26 PM
Tue, Feb 23 2010, 2:28 PM
There’s several sources of gain on sale leakage that result in a reduction of revenues. The key is to monitor each loan to ensure there is little or ...
Tue, Feb 23 2010, 1:03 PM
Mon, Feb 22 2010, 11:49 AM
The interest rate market is still trying to rub the sleep from it's eyes. Trading volume is below average and many market watchers are doing just tha...
Mon, Feb 22 2010, 10:55 AM
Obama's Newest Housing Initiative; Covered Bonds; Delinquencies Down; FDIC Bank Closures; Lender Updates
Mon, Feb 22 2010, 9:54 AM
Its a super busy week. While we see bargain buyers as a possible source of support for rising rates, we do not anticipate this will develop into a tre...
Mon, Feb 22 2010, 8:30 AM
Global equities are mostly higher Monday including gains of more than 2% in Japan and Hong Kong. In Europe, where George Provopoulos, governor of the ...
Mon, Feb 22 2010, 6:51 PM
It will be a very busy week of economic data releases and headline news events. We have casually discussed the idea of a short term float position. Th...
Mon, Feb 22 2010, 6:11 PM
Mon, Feb 22 2010, 3:44 PM
Mon, Feb 22 2010, 1:57 PM
Mon, Feb 22 2010, 1:35 PM
It’s well into February. Do you have a 2010 budget which allows you to compare actual performance versus budget performance? We’ll flat out tell you...
Fri, Feb 19 2010, 11:46 AM
It is important to have a map or GPS when taking a trip. Without guidance, the journey may take much longer and travel costs could unexpectedly grow....
Fri, Feb 19 2010, 11:17 AM
GFE Horror Stories Still Abundant; Lack of HUD Leniency; Loan Mods to Out of Work Homeowners; More FHA Tips
Fri, Feb 19 2010, 9:15 AM
While the Fed's gradual exit from money markets is another sign of positive economic progress off of historic lows, it does not change the fact that w...
Fri, Feb 19 2010, 8:29 AM
Global equity markets have reacted negatively to the Federal Reserve’s decision to hike the discount rate by 25 basis points to 0.75% after the closi...
Fri, Feb 19 2010, 6:41 PM
Reports from fellow mortgage professionals indicate higher rates this morning. The par 30 year conventional rate mortgage is in the 5.00% to 5.25% ra...
Fri, Feb 19 2010, 5:35 PM
Total mortgage delinquency rates, seasonally adjusted, were down 17 basis points during the fourth quarter, but up year-over-year by 159 basis points....
Fri, Feb 19 2010, 4:55 PM
President Barack Obama announced today that the administration will pump $1.5 billion into programs to address housing problems in states with the hig...
Fri, Feb 19 2010, 4:51 PM
Fri, Feb 19 2010, 1:01 PM
This is the PERFECT time to call attention to the most recent MBS WEEKLY . The Fed's decision to hike the discount rate illustrates why we think bench...
Thu, Feb 18 2010, 12:14 PM
Thu, Feb 18 2010, 11:24 AM
The FN 4.5 coupon has fallen further to the lows of the day at 100-10 as the benchmark 10 year treasury note has broken support and is currently at 3....
Thu, Feb 18 2010, 10:38 AM
Thu, Feb 18 2010, 10:22 AM
Japan Passes China as Biggest Tsy Buyer; FHA Tips from Citi; DU 8.0 April Update; Originators Work More For Less
Thu, Feb 18 2010, 8:46 AM
After opening to the upside, mortgages are now trading flat thanks to inflationary concerns in PPI data (if you need an explanation). The FN 4.0 is ...
Thu, Feb 18 2010, 8:36 AM
The US dollar is higher this morning but stocks are mixed before the bell. A number of key indexes on inflation, employment, and manufacturing will hi...
Thu, Feb 18 2010, 5:33 PM
Thu, Feb 18 2010, 5:24 PM
Just like yesterday, mortgage rates moved higher at the open today...and then even higher later in the day as MBS prices fell further and lenders had ...
Thu, Feb 18 2010, 4:51 PM
Profiling is not a lawful practice, but certain types of profiling may be a useful tool when recruiting and hiring employees for a company. Let’s be ...
Thu, Feb 18 2010, 4:00 PM
Thu, Feb 18 2010, 3:34 PM
Since the inception of the program in January 2009, the Fed has spent $1.19 trillion in the agency MBS market, or 95.59 percent of the allocated $1.25...
Thu, Feb 18 2010, 3:23 PM
Zillow, the Seattle-based company that collects data on home values throughout the country, has released results of it's homeowner confidence survey c...
Wed, Feb 17 2010, 12:02 PM
Wed, Feb 17 2010, 10:11 AM
Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has beg...
Wed, Feb 17 2010, 10:07 AM
Fannie Mae Approved Mortgage Insurers; Electronic Appraisals; Foreclosures and Home Supply; Lender Updates
Wed, Feb 17 2010, 8:31 AM
Stocks are looking for another positive open after the benchmark S&P 500 climbed 1.80% yesterday. One hour before the open, futures on the Dow are up ...
