Tue, May 11 2010, 6:07 PM
t does seem that even those who see low interest rates prevailing (or even getting a bit lower) in the medium term, are still expecting some weakness ...
Tue, May 11 2010, 5:42 PM
Mortgage rates continue to take their directional guidance from headline news and stocks. Today stocks opened lower which helped Treasuries and MBS ra...
Tue, May 11 2010, 4:27 PM
While sales were down from the tax-credit fueled pace of Q4, the National Association of Realtors' latest sales survey shows an increase of median hom...
Tue, May 11 2010, 3:40 PM
The MBS coupons that determine rate sheet pricing are traded in the TBA MBS market. TBA = To be Announced. In the TBA MBS market, at the time a trade ...
Tue, May 11 2010, 3:31 PM
America was built by risk-takers, and you can’t have risk without potentially negative outcomes. If America were to become a risk-free society, this ...
Tue, May 11 2010, 2:21 PM
While the auction went well, benchmark Treasury yields were already being pressured higher by the stock level ahead of auction results.
Mon, May 10 2010, 12:48 PM
Fannie Mae has reported First Quarter 2010 Earnings Results. The government-sponsored enterprise, lost $11.5 billion in the first quarter compared wit...
Mon, May 10 2010, 11:15 AM
Fannie Mae's Book of Business increased substantially in March, reflecting the purchase of delinquent loans from MBS trusts that have not yet be liqui...
Mon, May 10 2010, 10:47 AM
Quality Control Second Credit Report Requirements; FHA Broker Approvals; Do Not Call Lists; Lender Turn Times Redefined
Mon, May 10 2010, 10:12 AM
The originator friendly flight to quality that led benchmark interest rates 30 basis points lower last week is now being backed out of the bond market...
Mon, May 10 2010, 8:41 AM
Stocks are trading much higher overseas and equity futures look to open sharply higher in the US as global support for the European debt problem grew ...
Mon, May 10 2010, 5:39 PM
The simple fact that stocks rallied big and treasuries sold similarly does not necessarily mean that "low rates" are heading higher due to the earlier...
Mon, May 10 2010, 4:05 PM
Over the weekend the European Union, IMF, and several Central Banks including the U.S. Federal Reserve announced a coordinated effort to put an offici...
Mon, May 10 2010, 2:45 PM
Equity markets are holding onto gains after experiencing an unexplained liquidity freeze and record price dip last Thursday. Benchmark interest rates ...
Fri, May 7 2010, 11:26 AM
Impact of Fannie's Quality Control Initiative on Lenders; PMI Reports Improving Home Values; HUD Gives Guidance on Lead Paint
Fri, May 7 2010, 10:13 AM
Nonfarm payroll employment rose by 290,000 in April, the unemployment rate edged up to 9.9 percent, and the labor force increased sharply, the U.S. Bu...
Fri, May 7 2010, 8:08 AM
After an insane day in the stock market yesterday, which saw the Dow fall by nearly 1,000 points, or 9.2%, before rebounding and closing with a loss o...
Fri, May 7 2010, 6:44 PM
Normally a better than expected economic release, especially one as influential as the Employment Situation Report, gives stock traders a reason to bu...
Fri, May 7 2010, 2:35 PM
What does it all mean? Not a clue, as always... But we'd watch the long term trends in 10's above all else, and have a little default assumption abo...
Fri, May 7 2010, 1:28 PM
A Federal Reserve Bank of Atlanta working paper examines the relationship between financial literacy and subprime mortgage delinquencies. They found ...
Thu, May 6 2010, 12:34 PM
Reprices for the better either have already hit, or soon will. Expect gravity around 3.49 in the 10yr, and a trampoline-like sheet of nearly impenetr...
Thu, May 6 2010, 10:43 AM
Plethora of Job Openings for Originators; Negative Convexity Explained; Clean Energy Loans; Freddie Mac Earnings
Thu, May 6 2010, 10:12 AM
Productivity advances have served to limit further layoffs and keep inflation low....this a positive for the housing industry as controlled inflation ...
Thu, May 6 2010, 7:53 AM
Volatility in the US stock market hit a three-month high yesterday as the benchmark S&P 500 has shed 3% in the past two trading days. Equity futures h...
Thu, May 6 2010, 5:58 PM
The biggest single day point drop in the history of the Dow Jones Industrial Average was the primary source of motivation in the interest rate market ...
Thu, May 6 2010, 4:00 PM
4.5 MBS UP 16 TICKS AT 101-18. WERE AS HIGH AS 101-25. 10YR NOTE YIELDS DOWN ALMOST 20 BPS AT 3.38. DOW'S DOWN ABOUT 425. HIGH OF THE DAY: 10880. ...
Thu, May 6 2010, 3:41 PM
Regional mortgage bankers (RMB) with a retail and wholesale orientation may be the best partners for mortgage brokers. We won’t call it what it reall...
Thu, May 6 2010, 2:29 PM
After three quarters in which it managed to be more or less self-sufficient, Freddie Mac released its financial reports for the first quarter of 2010 ...
Wed, May 5 2010, 11:28 AM
"Purchase application activity continued to increase in the last week of the homebuyer tax credit program, driven by significant increases in both co...
Wed, May 5 2010, 10:11 AM
Cinco de Mayo: HAMP Incentives Denied to NonCompliant Servicers? High Balance Loans; Penny Mac Earnings; Flood Zone Alert
Wed, May 5 2010, 9:05 AM
4.5's are up 7 ticks this AM at 101-05. Current Coupon Yield Spreads widest since Nov/Dec 09. 10yr yields down another 5bps at 3.54. Stock futures are...
Wed, May 5 2010, 8:15 AM
US equities look to open lower as bad news from Europe continues to dominate the headlines. The latest is that European Central Bank council member Ax...
Wed, May 5 2010, 5:43 PM
It's very uncomfortable for me to say that today's price action "confirms" the break to lower yields in treasuries. AQ mentioned the phrase "made of g...
Wed, May 5 2010, 5:33 PM
We have seen several days in a row of improving lender pricing thanks to the sovereign debt concerns with Greece and other European countries. At som...
Wed, May 5 2010, 5:00 PM
What a day. What a week. What a month. Much as happened recently to distract the bond market from it's core strategic motivations. I think we need t...
Wed, May 5 2010, 3:09 PM
MBS up 7 ticks at 101-04. 10yr yields at 3.56, having traded from 3.61 to 3.49 today. Stocks rallied and fell again, not quite as bad as the open, bu...
Tue, May 4 2010, 12:56 PM
MARI Says Loan Fraud "Significantly Understated"; Risk Retention Reform Issues; Jumbo Loan Pricing; Comparing Loan Production Activity in 2010;
Tue, May 4 2010, 10:05 AM
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season. The Pending Home Sal...
Tue, May 4 2010, 9:58 AM
The stock lever's influence on interest rates is obvious...stocks down, interest rate prices up. A confluence of logic. The Euro is at a one year low....
Tue, May 4 2010, 8:11 AM
European concerns won’t go away. Investors remain focused on the Greek rescue package and what it means for the rest of the Eurozone, and that’s setti...
Tue, May 4 2010, 6:12 PM
I'm just as hopeful as the next guy that stocks DO break lower and the 10yr DOES re-test 3.5 and the 4.5 DOES spend some more time in the 101's. All ...
Tue, May 4 2010, 6:05 PM
The market's nervous sentiment surrounding Greece carried over into today's trading session which has once again led to a flight to safety into the bo...
Tue, May 4 2010, 3:14 PM
We are dumping millions of dollars to support people who are in trouble on their mortgages, in many cases these are people who over stretched to begin...
Tue, May 4 2010, 2:45 PM
The mortgage business is a study in Darwinism. Mortgage participants that learn to collaborate and adjust to the business environment will prevail. ...
Tue, May 4 2010, 2:12 PM
We have to remember WHERE the volume is coming from.. In this case, some potential reconcilable sovereign debt concerns. There was plenty of the sam...
Tue, May 4 2010, 1:19 PM
The April Senior Loan Officers Survey conducted by the Federal Reserve revealed that most of the banks surveyed are holding steady on loan standards a...
Mon, May 3 2010, 10:49 AM
Homebuilders involved in remodeling are increasingly encouraged about present and future market conditions according to the most recent date released ...
Mon, May 3 2010, 10:39 AM
Fannie Mae Cuts Interest Only Program and Releases ARM Updates; FDIC Shuts Down Seven More Banks; Citi; MGIC, Foreclosures,
Mon, May 3 2010, 10:18 AM
Japan and London are out on holiday so trading flows may be tempered by a lack of broad based conviction. This implies chopatility is highly likely. ...
Mon, May 3 2010, 8:24 AM
Overseas stock markets are mostly in the red this morning, but equity futures at home are pointing to a strong open head of spending, manufacturing, a...
