Mon, Dec 21 2009, 11:52 AM
Mon, Dec 21 2009, 10:42 AM
Bank Failure Update: Former IndyMac Buys Bank; Modification News from the Trenches; Bulletins from Fannie, BofA, Chase, USBHM, PMI, AmTrust
Mon, Dec 21 2009, 9:49 AM
Most borrowers have already locked in and many have actually already closed. Who wants to deal with a loan closing at this time of year? My main goa...
Mon, Dec 21 2009, 8:31 AM
Equities are looking to a strong open ahead of week that, according to economists, should be full of cheery data before Christmas Day.
One hour be...
Mon, Dec 21 2009, 5:32 PM
Mon, Dec 21 2009, 4:55 PM
Government guaranteed loans, primarily those obtained through the Federal Housing Administration and the Veterans Administration, showed higher delinq...
Mon, Dec 21 2009, 4:51 PM
I cannot stress this enough...the rates market is very volatile. If you happen to be floating a loan that is expected to close this month...I WOULD LO...
Mon, Dec 21 2009, 3:54 PM
Mon, Dec 21 2009, 1:59 PM
Rate sheet rebate is worse. I am watching the market but I am not really too focused on it to be honest. More or less I have decided to use this time ...
Fri, Dec 18 2009, 12:57 PM
Although not far removed from the tight range that has held all day, the FN 4.5 is at session lows. Considering it's a Friday and many lock desks are ...
Fri, Dec 18 2009, 11:10 AM
Fri, Dec 18 2009, 11:01 AM
During the third quarter the amount of commercial/multifamily debt outstanding declined by $28 billion or 0.8 percent to a total of $3.43 trillion. T...
Fri, Dec 18 2009, 9:53 AM
AmTrust returns; VA Loan limits; SAFE Act in California; average profit per loan stats
Fri, Dec 18 2009, 8:58 AM
Treasuries gave back some gains overnight. Several explanations could be offered but I think the most relevant observation continues to be "selling in...
Fri, Dec 18 2009, 8:21 AM
After three busy days of fresh data and the Fed’s monetary policy meeting markets are given a bit a bit of a break today. Quadruple-witching aside ― t...
Fri, Dec 18 2009, 5:39 PM
Fri, Dec 18 2009, 5:06 PM
After making a modest recovery following the release of the FOMC statement on Wednesday, mortgage rates are ending the week on a negative note. Rates ...
Fri, Dec 18 2009, 2:41 PM
Thu, Dec 17 2009, 12:00 AM
A seller has the right to certain expectations when he hires a real estate agent. The best agents may make you wonder why you ever questioned that co...
Thu, Dec 17 2009, 11:29 AM
It got a little choppy after the Philly Fed Index release was much better than expected, I actually almost issued an alert because I noticed activity ...
Thu, Dec 17 2009, 10:05 PM
Fannie Mae (FNM/NYSE) announced today that it is suspending all foreclosure evictions from December 19, 2009 through January 3, 2010. All owner-occupa...
Thu, Dec 17 2009, 10:02 AM
RESPA, RESPA, RESPA; Chase expanding; news from Citi, GMAC; rates head back down
Thu, Dec 17 2009, 9:11 AM
Yields are lower this morning following a worse than expected read on the labor market. This is most likely a function of SHORT COVERING after the dat...
Thu, Dec 17 2009, 8:24 AM
Economic activity is picking up and deterioration in the labor market is abating, the Federal Reserve noted yesterday as it kept interest rates at his...
Thu, Dec 17 2009, 5:32 PM
Thu, Dec 17 2009, 4:08 PM
Both benchmark Treasuries and "rate sheet influential" MBS coupons fared well today, albeit in light volume but that is neither here nor there if you ...
Thu, Dec 17 2009, 4:07 PM
The Mortgage Bankers Association is reporting that independent mortgage banks and subsidiaries saw a substantial decline in profit margins in the thir...
Thu, Dec 17 2009, 4:01 PM
Interest rates as reported by both Freddie Mac and Fannie Mae increased during the week recently ended. A Freddie Mac spokesman attributed the increa...
Thu, Dec 17 2009, 2:27 PM
Prior to yesterday's rule change, if the borrower understated his income by more than 25%, the servicer was required to re-qualify the borrower for a ...
Thu, Dec 17 2009, 2:04 PM
Thu, Dec 17 2009, 1:58 PM
I advised yesterday that if you are a risk taker that floating could pay off, well it did. At the open we saw better rate sheets and as the day has p...
Wed, Dec 16 2009, 12:46 PM
In the most recent release, new loan application activity increased 0.3 percent on a seasonally adjusted basis from the week ending December 4. The R...
Wed, Dec 16 2009, 12:37 PM
While it is widely accepted that the Fed will keep the current Fed Funds rate at 0 to .25%, many market participants are hoping for minor changes to t...
Wed, Dec 16 2009, 10:37 AM
I have been referring to "Real Money Buyers" on a consistent basis lately.
Heading into year end these "real money accounts" have been the most act...
Wed, Dec 16 2009, 10:00 AM
SAFE Act Update; Down Payment Assistance; Fannie & Freddie in the Future; Yield Curve Chatter
Wed, Dec 16 2009, 9:09 AM
NOV HOUSING STARTS +8.9 PCT VS OCT -10.1 PCT (PREV -10.6 PCT)
HOUSING STARTS 574,000 UNIT RATE (CONSENSUS 580,000) VS OCT 527,000 (PREV 529,000)
NOV...
Wed, Dec 16 2009, 8:31 AM
Consumer level inflation was "on the screws" while Building Permits were better than expected. 10s havent made much progress in either direction after...
Wed, Dec 16 2009, 8:21 AM
Another busy day awaits markets as the Federal Open Market Committee concludes its final monetary policy meeting of the decade.
Ahead of new Fed s...
Wed, Dec 16 2009, 5:10 PM
Wed, Dec 16 2009, 3:30 PM
Wed, Dec 16 2009, 2:58 PM
The FOMC's most meaningful tweak has been an upgrade to the labor market - "economic activity has continued to pick up and that the deterioration in t...
Wed, Dec 16 2009, 2:24 PM
The FOMC's most meaningful tweak has been an upgrade to the labor market - "economic activity has continued to pick up and that the deterioration in t...
Wed, Dec 16 2009, 1:16 PM
I do believe a Fed Statement that highlights SUBSTANTIAL RESOURCE SLACK and STILL WEAK INFLATIONARY PRESSURES will be beneficial to the bond market......
Tue, Dec 15 2009, 11:04 AM
10s have made a move to the 3.62% pivot point, if you recall both 3.57% and 3.62% were out targets following the Labor report bond market selloff. Tha...
Tue, Dec 15 2009, 10:24 AM
Wells Fargo Paying Back TARP; HAMP Resources; ARM Index Websites; HUD & Form 1004D
Tue, Dec 15 2009, 8:33 AM
Tue, Dec 15 2009, 8:14 AM
An extremely busy day awaits markets as the Federal Open Market Committee kicks off its last two-day meeting of the decade.
Two hours before the op...
Tue, Dec 15 2009, 5:50 PM
Lawmakers aiming to speed development of U.S. covered bonds on Tuesday positioned the securities as an alternative or supplement to mortgage funding p...
Tue, Dec 15 2009, 5:41 PM
Builders continue to have negative perceptions of the real estate market according to the December survey of builder attitudes conducted by the Nation...
Tue, Dec 15 2009, 5:34 PM
"No one knows what tomorrow's FOMC statement will contain, and no one knows how friendly or unfriendly to any given market it would need to be to gaug...
