Wed, Jan 20 2010, 9:52 AM
FHA tweaks program; Earnings from BofA, Wells, MS; some thoughts on success in 2010
Wed, Jan 20 2010, 9:04 AM
f you look at the chart this AM, you'll notice we get ALL the gains you see BEFORE 830AM data. In other words, 830 marked the best levels in the bond...
Wed, Jan 20 2010, 8:18 AM
Equity futures are sharply lower this morning as Bank of America reported it had lost $5.2 billion in the fourth quarter. The Republican upset in the ...
Wed, Jan 20 2010, 5:46 PM
Although the bond market relief rally is strong on charts and backed by fundamentals (in our opinion)...its still a trader's world, and we're still li...
Wed, Jan 20 2010, 5:22 PM
Warehouse lenders are critical for mortgage bankers. It’s hard to function as a mortgage bank without one. Having a relationship with more than one ...
Wed, Jan 20 2010, 3:57 PM
Reports from fellow mortgage professionals indicate improved rate sheets this morning. The par 30 year conventional rate mortgage has dipped to the 4...
Wed, Jan 20 2010, 3:15 PM
Tue, Jan 19 2010, 12:57 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be unchanged this morning. The par 30 year conventional rate mortgage remai...
Tue, Jan 19 2010, 11:33 AM
The 3.375% coupon bearing 10 year TSY note is trading -0-05 at 97-11. Selling stopped out shy of 3.74% thanks to a round of short covering. Don't expe...
Tue, Jan 19 2010, 10:33 AM
HUD Changes Flip Policy; FDIC First Time Home Buyer Classes; Federal Home Loan Bank IRR Resources; Bank Earnings; Lender Updates
Tue, Jan 19 2010, 8:53 AM
After taking down $84 billion in TSY debt supply last week, the bond market headed into the three day weekend trading outside the range at yields not ...
Tue, Jan 19 2010, 8:33 AM
Equities are mixed around the globe but clearly downward in the US. Following a 3-day weekend, one hour before the opening bell, Dow futures are off ...
Tue, Jan 19 2010, 6:32 PM
Tue, Jan 19 2010, 3:41 PM
Tue, Jan 19 2010, 2:06 PM
As I’ve watched the news on Haiti, I was trying to bring some perspective into the recent economic damage we all experienced from the mortgage meltdow...
Tue, Jan 19 2010, 2:00 PM
Tue, Jan 19 2010, 1:54 PM
Originator Commission Splits and Salaries; Subprime Loan Delinquencies; Acquiring a Bank; Revenue Leakage
Tue, Jan 19 2010, 1:10 PM
Builder confidence in the market for newly built, single-family homes declined one point to 15 in January on continuing concerns about the poor job ma...
Fri, Jan 15 2010, 11:37 AM
you should have your best rate sheets of the year this morning. Besides the fact that lenders are desperate for loan production, "rate sheet influent...
Fri, Jan 15 2010, 9:42 AM
There is much confusion surrounding the guarantee status of the Fannie Mae and Freddie Mac. We clear up any misconceptions and call attention to obse...
Fri, Jan 15 2010, 9:42 AM
JPMorgan Chase Earnings; Nationwide Mortgage Licensing System Comments; GMAC Declining Markets Update
Fri, Jan 15 2010, 9:34 AM
Fixed rates were lower for the second week in a row while adjustable rates were mixed according to Freddie Mac's weekly Primary Mortgage Market Survey...
Fri, Jan 15 2010, 8:47 AM
Inflation data has been released. It was "on the screws". thus permitting an extension of positive rates progress. The recent range has been broken, w...
Fri, Jan 15 2010, 8:17 AM
Just over an hour before the opening bell, Dow futures are down 40 points to 10,623, nearly erasing the 29-point gain seen yesterday, while S&P 500 Fu...
Fri, Jan 15 2010, 5:35 PM
WE GOT THOSE MORTGAGE RATE IMPROVEMENTS WE WERE EXPECTING YESTERDAY! Reports from fellow mortgage professionals indicate lender rate sheets to be at t...
Fri, Jan 15 2010, 5:13 PM
Fri, Jan 15 2010, 4:11 PM
If you are mortgage banker or broker that survived the last several years, you’re probably feeling pretty good after 2009. Last year will stand out a...
Fri, Jan 15 2010, 4:01 PM
The Treasury Department reported Friday that 66,500 of the 902,620 homeowners who had started the trial modification period for its Home Affordable Mo...
Fri, Jan 15 2010, 2:08 PM
Fri, Jan 15 2010, 1:39 PM
I have a bone to pick with the folks who say this will slow down bank lending. I have an even bigger bone to pick with the folks who say this will slo...
Thu, Jan 14 2010, 11:47 AM
One in every 45 homes in the U.S. received some type of foreclosure filing during the year just ended, a situation that would have been even worse wit...
Thu, Jan 14 2010, 11:17 AM
Thu, Jan 14 2010, 10:56 AM
RESPA and GFE Confusion; Nationwide Mortgage Licensing System; News from MetLife & Flagstar
Thu, Jan 14 2010, 8:34 AM
Rate sheet rebate and the "relief rally" suffered a setback yesterday afternoon following a marginally above average 10 year note auction yesterday. T...
Thu, Jan 14 2010, 8:17 AM
Investors are mildly optimistic ahead of the retail sales report, the week’s most important data. A little over an hour before the opening bell future...
Thu, Jan 14 2010, 5:23 PM
Thu, Jan 14 2010, 4:48 PM
The final Treasury auction for the week was held at 1:00pm eastern today. The Department of Treasury offered $13 billion of 30 year bonds. The resu...
Thu, Jan 14 2010, 3:35 PM
After a successful long bond auction and positive knee jerk price reaction, the rates market has failed to extend relief rally progress into a new ran...
Thu, Jan 14 2010, 3:20 PM
As a top producing loan officer, I would want to work for a company that had this type of reward system in place that would help me generate higher co...
Thu, Jan 14 2010, 1:46 PM
Thu, Jan 14 2010, 1:20 PM
Last night New York Federal Reserve Bank President Bill Dudley appeared on the PBS Nightly Business Report. He made several comments that need to be c...
Thu, Jan 14 2010, 1:00 PM
The last auction shoe has dropped. The auction stopped through impressively, and the recent roll in MBS is but a faded memory destined to be crushed ...
Wed, Jan 13 2010, 11:37 AM
The Treasury is set to re-open the November 2019 issue 3.375% coupon bearing 10 year TSY note. $21 billion more will be offered. The results of the au...
Wed, Jan 13 2010, 11:26 AM
Fitch Ratings warned today that $47 billion in Prime and Alt-A interest only loans will convert to amortizing loans during the current year with some ...
Wed, Jan 13 2010, 10:14 AM
2010 Loan Production Estimates; TARP Penalties; Updates from SunTrust, Wells, Guild, USB; HUD's List of Companies Under Investigation
Wed, Jan 13 2010, 8:37 AM
Yesterday' s 3 year note auction was about average...woohooo. If you didnt pick up on the sarcasm, I was being sarcastic. This is because 3 year notes...
Wed, Jan 13 2010, 8:29 AM
Mortgage applications increased 14.3 percent on a seasonally adjusted basis. The Refinance Index increased 21.8 percent from last week's holiday adju...
Wed, Jan 13 2010, 8:10 AM
Equities are pretty quiet overseas and the futures market at home is correspondingly dull.
No major data is being released this morning, giving inv...
Wed, Jan 13 2010, 5:37 PM
Wed, Jan 13 2010, 4:29 PM
Mortgage Rates improved yesterday afternoon into this morning, however these gains were lost after the 10 year Treasury auction today. While positive ...
