Tue, Feb 9 2010, 11:17 AM
Jumbo Loan Delinquencies; BoA and Landsafe; Fannie Mae HomePath Incentive; Pooling and Ratings Agencies;
Tue, Feb 9 2010, 8:36 AM
The sky is once again gray and the ominous smell of another winter storm has settled in over the area. This spells trouble for a region that has alrea...
Tue, Feb 9 2010, 8:25 AM
Stock markets may be reversing course after investors pushed down the Dow by 1.04% yesterday. Increased speculation that the European Union may bail o...
Tue, Feb 9 2010, 6:38 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be worse this morning., mortgage rates are higher. While the par 30 year ...
Tue, Feb 9 2010, 5:09 PM
Plain and Simple: sometimes a little snow is great for the local economy. sometimes too much snow can strain the budgetary limits of the local econom...
Tue, Feb 9 2010, 1:27 PM
In the wake of treasury auctions, volatility can be quite high, and it's too soon to know if this support will continue to hold or if the situation de...
Tue, Feb 9 2010, 1:26 PM
Cost of a Loan Repurchase; Budget Deficit; Financial Sector Peformance; MBA Headquarters; ResCap Earnings
The story about the Mortgage Bankers offi...
Tue, Feb 9 2010, 1:04 PM
We're down 6 ticks since the auction so far, and falling....Reprice risk is high at the moment
Mon, Feb 8 2010, 11:38 AM
"Rate sheet influential" MBS coupons and benchmark TSYs are testing the staying power of Friday's FTQ fixed income rally. A solid move below 101-06 w...
Mon, Feb 8 2010, 10:11 AM
MBA Takes Loss on Headquarters; CRA Loans; HAMP Servicer Updates; Prepay Speeds; Updates: GMAC, FAMC
Mon, Feb 8 2010, 8:56 AM
Stocks sold off in a panicky fashion last week as sovereign debt concerns grew over Greece, Portugal, and Spain's ballooning budget deficit and rising...
Mon, Feb 8 2010, 8:49 AM
The week ahead is a particularly slow one. The only major releases are the Trade Balance on Wednesday and Retail Sales report on Thursday. Plus, Frida...
Mon, Feb 8 2010, 3:54 PM
In the past year, we’ve still seen a few companies allow their loan officers to lock directly with investors. Investors today allow their corresponde...
Mon, Feb 8 2010, 1:43 PM
Nothing has changed from Friday. Mortgage rates continue to run into a floor at 4.75%. This has held true all month! My lock bias is based on the big...
Fri, Feb 5 2010, 11:45 AM
Now that the jobs report is behind us, the marketplace will put all focus on sovereign debt anxieties abroad. Part of the reason for panic has to due...
Fri, Feb 5 2010, 9:56 AM
FDIC Doing "A LOT" of Hiring; Less Loan Production in 2010; Neighborhood Watch Scorecard; California Tax Exempt Bonds; FY2011 Budget
Fri, Feb 5 2010, 9:36 AM
More on Loan Buybacks; GMAC's Earnings; Another BofA lawsuit; Primer on volatility; Solid Super Bowl Joke
Fri, Feb 5 2010, 8:31 AM
20,000 jobs were lost in January according to the Bureau of Labor Statistics. The unemployment rate fell from 10.0% to 9.7%. This will surely grab hea...
Fri, Feb 5 2010, 8:14 AM
Equity futures are deep in the red this morning after substantial losses yesterday. The culprit continues to be European sovereign debt concerns in Gr...
Fri, Feb 5 2010, 4:49 PM
Sellers reacting to the depressed price of their houses appear to be holding back improvements in the housing market according to a survey by Thompson...
Fri, Feb 5 2010, 2:21 PM
When considering the LOCK vs FLOAT decision, I think of it as so: WE ARE PLAYING CHESS, NOT CHECKERS. My lock bias is based on the big picture outlook...
Thu, Feb 4 2010, 11:05 AM
We've been here before! We've seen bond bearish NFP prints, we've seen tons of "better than expected" data, we've watched stocks rally on and on and o...
Thu, Feb 4 2010, 11:03 AM
We find time and time again see owners of company, managers of departments and individual loan officers neglecting to measure the performance of their...
Thu, Feb 4 2010, 10:27 AM
GMAC Cuts Ditech; Top GFE Mistakes; ASF Non-Agency Loan Product Outlook; Biggest Commercial Loan Servicers
Thu, Feb 4 2010, 8:57 AM
Jobless Claims increased by 8,000 last week to 480,000 new claims. This was worse than expected. The rates market, which was already rebounding from y...
Thu, Feb 4 2010, 8:18 AM
Equity markets are in the red across the globe as investors become increasingly concerned that the Greek debt tragedy could spread to other countries ...
Thu, Feb 4 2010, 5:12 PM
I have been advising LOCK all week ahead of the Employment Situation Report, which will be released at 8:30am tomorrow morning. While there have been...
Thu, Feb 4 2010, 3:45 PM
"There will be a jobs revision I'm told tomorrow that's likely to show additional job loss at the first part of the recession that started in December...
Thu, Feb 4 2010, 3:06 PM
In the week ending February 3, 2010, the Federal Reserve purchased a total of $17.63 billion agency MBS. In those five days the Federal Reserve sold $...
Thu, Feb 4 2010, 1:03 PM
Mortgage rates rose slightly during the past week according to information released today by both Freddie Mac and Fannie Mae. Only the one-year ARM re...
Wed, Feb 3 2010, 12:01 PM
While Treasury issuance remains elevated at high levels, issuance size is not expected to continue to grow. Again, this is not a huge supportive infl...
Wed, Feb 3 2010, 11:13 AM
We’ve helped many companies identify their trailing risk and develop a strategy to attend to the resulting losses. We agree with Wayne Gretzky that a...
Wed, Feb 3 2010, 10:39 AM
Appraisal Requirements; No New GSE Loan Programs; Jumbo Products Needed; Itemized Deductions; Several Lender Updates
Wed, Feb 3 2010, 8:37 AM
We have been pretty firm about locking on strength and willing to float at the outer limits of the range...at this point that is getting very risky. A...
Wed, Feb 3 2010, 8:14 AM
Equity futures are mixed after a steady incline yesterday pushed the Dow and S&P 500 up 1.09% and 1.30%, respectively. 90 minutes before the opening b...
Wed, Feb 3 2010, 4:56 PM
Michael Fratantoni, MBA's VP of Research and Economics, warned to expect rising mortgage rates over the next few months as the Fed exits the MBS buyin...
Wed, Feb 3 2010, 1:04 PM
Because the Employment Situation Report is so influential in the marketplace, it is also a source of great speculation. One source that provides a hin...
