Tue, Dec 8 2009, 10:39 AM
Reports from fellow mortgage professionals indicate improved mortgage rates this morning. The par 30 year conventional mortgage rate has fallen overn...
Tue, Dec 8 2009, 10:04 AM
Citi to Pay Back TARP? New Century vs. SEC; Equitable Trust Suspended; Flagstar, Wells, FAMC Updates
Tue, Dec 8 2009, 9:00 AM
Rate sheet influential MBS coupons are starting out the session in FACEMELTING status. The FN 4.0 is +0-18 at 99-23 yielding 4.035% and the FN 4.5 is ...
Tue, Dec 8 2009, 8:53 AM
Less than an hour before the opening bell, futures on the S&P 500 are down 10 points to 1,103 and the 10 year Treasury note is up 14/32 yielding 3.373...
Tue, Dec 8 2009, 5:33 PM
Taking things one day at a time, we'd have to point out that we're once again closing over 102-00... For any you're floating into tomorrow, pay close...
Tue, Dec 8 2009, 5:32 PM
In written remarks to the House Financial Services Committee, Assistant Treasury Secretary Herbert Allison expressed disappointment in the progress of...
Tue, Dec 8 2009, 4:04 PM
Heading into 5pm "going out" marks, trading flows in the agency MBS market are few and far between. The FN 4.0 is+0-04 at 99-09 yielding 4.099%. The F...
Tue, Dec 8 2009, 2:02 PM
As benchmark TSY rates re-test higher yield levels, trading flows in the TBA MBS market have fizzled out. We went from every offer getting lifted to d...
Mon, Dec 7 2009, 11:32 AM
In an orderly sell off, traders test individual price levels to determine what the market is willing to accept/not accept. This "probing" combined wi...
Mon, Dec 7 2009, 9:46 AM
AmTrust stops taking locks; news from Freddie & SunTrust; rates quiet
Mon, Dec 7 2009, 8:35 AM
After moving outside the range in holiday trading conditions in the week before, rates backed-up in a hurry last week as traders took profits, unwound...
Mon, Dec 7 2009, 8:22 AM
The relatively slow week ahead should give financial markets plenty of time to digest Friday’s employment news, which saw the nation’s unemployment ra...
Mon, Dec 7 2009, 4:51 PM
The Securities and Exchange Commission has charged three former executives of the bankrupt New Century Mortgage with fraud in connection with their ac...
Mon, Dec 7 2009, 3:39 PM
Looks like consumers are leaning on their credit cards again....In October, consumers reduced outstanding debt by $3.5 billion, much less than the $9....
Mon, Dec 7 2009, 2:34 PM
The Mortgage Bankers Association is reporting that delinquencies in commercial loan portfolios rose during the third quarter. Increases were noted in...
Mon, Dec 7 2009, 1:48 PM
Bottom line: everybody is fond of saying that lenders will take away faster than they give it back and it's very likely that Friday was no exception f...
Mon, Dec 7 2009, 1:02 PM
The four day streak of rising mortgage rates extended into Friday following a much better than expected Non-farm payroll report. After reaching 4.50% ...
Fri, Dec 4 2009, 12:57 PM
Today’s report is great news for our economy....unfortunately great news for the economy is better for stocks than bonds. Following the release at 830...
Fri, Dec 4 2009, 10:47 AM
Fri, Dec 4 2009, 9:39 AM
Hope you locked yesterday! Keeping pipelines clean; news from MGIC, Wells, Comerica, HUD
Fri, Dec 4 2009, 8:29 AM
Rates are higher after the data....After coming to a rest directly in the middle of the range ahead of the data, the 10yr is now testing the upper lim...
Fri, Dec 4 2009, 7:49 AM
Equity futures are often flat or in decline before the monthly of release of the unemployment rate and the pace of job losses, but ahead of the Novemb...
Fri, Dec 4 2009, 3:29 PM
We are sticking with our strategy heading into year end. PLAY THE RANGE UNTIL THE RANGE PLAYS YOU.
Fri, Dec 4 2009, 1:09 PM
U.S. mortgage insurers are likely to reject as much as $4 billion in claims by lenders over the next few years as they get more aggressive in pushing ...
Thu, Dec 3 2009, 12:36 PM
if productivity remains at these high levels and demand (output) does not increase , businesses will have less incentive to hire new labor. Given the ...
Thu, Dec 3 2009, 12:03 PM
Tomorrow we get the most important economic report, the Employment Situation. If this data indicates fewer job losses than expected, mortgage rates ...
Thu, Dec 3 2009, 11:34 AM
Thu, Dec 3 2009, 10:03 AM
BofA & TARP; Possible FHA changes; HAFA; a primer on Jobless Claims & Unemployment
Thu, Dec 3 2009, 8:32 AM
RATES ARE MOVING HIGHER IN A HURRY THIS MORNING. The 10yr TSY note is -0-19 at 99-30 yielding 3.384%...This is a function of the market finding it's w...
Thu, Dec 3 2009, 8:27 AM
Investor sentiment was given a boost after the closing bell yesterday when Bank of America announced it will be paying back $45 billion in TARP funds....
Thu, Dec 3 2009, 3:57 PM
The market found a comfort level, where it had last accepted price levels based on strategies and biases not not influenced by an outlier event...more...
Thu, Dec 3 2009, 3:02 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the four trading days between November 27 ...
Thu, Dec 3 2009, 2:10 PM
For the better part of the day MBS have been confined in a range between 101-25 and 101-28. Except for a brief foray to 101-29, this trend goes all t...
Wed, Dec 2 2009, 12:37 PM
In this week's release, which reported on the holiday shortened week ending November 27, new loan application activity increased 2.1%. The refinance i...
Wed, Dec 2 2009, 12:27 PM
Reports from fellow mortgage professionals indicate lender rate sheets are worse this morning. The par 30 year conventional rate mortgage has risen t...
Wed, Dec 2 2009, 11:33 AM
Wed, Dec 2 2009, 10:06 AM
RESPA sites; Lend America gone, AmTrust Mortgage still going; conjecture on the Fed & commerical mortgages
Wed, Dec 2 2009, 9:16 AM
We continue to remind of the importance of THE RANGE. The recent rise in rates adds further evidence that the market is more comfortable trading THE R...
Wed, Dec 2 2009, 8:26 AM
Equity futures are looking down ahead of key labor data for the month and the Federal Reserve’s latest assessment of the economy. Two hours before the...
Wed, Dec 2 2009, 3:59 PM
While last Friday's MBS valuation weakness extended all the way into the first half of today's trading session...buyers finally emerged this afternoon...
Wed, Dec 2 2009, 1:56 PM
The FHA is taking steps to tighten its lending standards through measures that will impact both borrowers and lenders according to remarks made to con...
Tue, Dec 1 2009, 12:28 PM
FHA Imposes Penalties on Lend America; AmTrust Bank BK; Investor Updates: BoA,Suntrust, Flagstar, Wells
Tue, Dec 1 2009, 12:26 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 4.50% to 4.75% range for well qualified ...
