Fri, Nov 20 2009, 11:23 AM
While our benchmarks have bounced around this six basis point range all week..." rate sheet influential" MBS coupon price improvements have stalled an...
Fri, Nov 20 2009, 10:31 AM
While benchmark interest rates continue to chop around in a contained range, mortgage-backed securities have moved sideways, failing to make much prog...
Fri, Nov 20 2009, 9:55 AM
Jumbo program; more on short sales; news from Chase, SunTrust, DR Horton, GMAC; rates quiet
Fri, Nov 20 2009, 9:30 AM
The FN 4.0 is currently -0-02 at 99-08 and the FN 4.5 is trading +0-01 at 101-23. The range narrows...there isnt much room for further price appreciat...
Fri, Nov 20 2009, 8:10 AM
In line with weak global markets, US equities are looking to open lower this morning. Two hours before the bell sounds S&P 500 futures are down 8.2 po...
Fri, Nov 20 2009, 5:12 PM
Transparency is the new buzz word in the financial world, especially in the mortgage industry. While government officials and financial pundits pay "...
Fri, Nov 20 2009, 5:01 PM
Fri, Nov 20 2009, 4:28 PM
Fri, Nov 20 2009, 2:15 PM
Thu, Nov 19 2009, 12:32 PM
Reports from fellow mortgage professionals indicate that mortgage rates are unchanged from yesterday. The par 30 year conventional rate mortgage rema...
Thu, Nov 19 2009, 11:32 AM
Thu, Nov 19 2009, 10:13 AM
Short sale basics;MIDANET; Global Mortgage Standards; Lots of Investor Updates;
Thu, Nov 19 2009, 9:29 AM
WHILE THE RANGE IS STILL MODERATING TSY PRICE ACTION, RATE SHEET INFLUENTIAL PRICES ARE HITTING A CEILING (negative convexity). This implies rate shee...
Thu, Nov 19 2009, 8:19 AM
New 13-month peaks early in the week and now . . .hesitation. Ninety minutes before the opening bell, S&P 500 futures are off 10 points to 1,098 and D...
Thu, Nov 19 2009, 5:00 PM
Thu, Nov 19 2009, 4:34 PM
The Fed's weekly net MBS purchases totaled $16.00 billion, $2.5 more than the previous, holiday shortened week. The majority of Fed purchases were in ...
Thu, Nov 19 2009, 4:06 PM
The Mortgage Bankers Association reported that delinquency rates during the third quarter hit all time highs. Prime mortgages and FHA mortgages appea...
Thu, Nov 19 2009, 3:29 PM
Thu, Nov 19 2009, 1:45 PM
Thu, Nov 19 2009, 1:00 PM
Almost all short and long term mortgage interest rates fell during the most recent week with the 15-year FRM reported by Freddie Mac hitting an all-ti...
Wed, Nov 18 2009, 11:40 AM
Wed, Nov 18 2009, 11:25 AM
While we anticipated housing starts and permits would fall in October, today's data was a big surprise to most market participants as economists were...
Wed, Nov 18 2009, 10:09 AM
In this week's release, which reports on loan application activity for the week ending November 13, 2009, new loan application fell 2.5%, even as the ...
Wed, Nov 18 2009, 10:03 AM
Primer on the dollar; Are you ready for 2010 volumes? Servicing transfer news from the Fed
Wed, Nov 18 2009, 9:30 AM
While the morning data served to bring out a bit of chopatility, 3.32% is still strong resistance and 3.37% is still strong support. Again...the data ...
Wed, Nov 18 2009, 8:00 AM
Sitting comfortably at 13-month highs, equities are beginning the day moving sideways ahead of data on inflation and the housing market.
The Dow lo...
Wed, Nov 18 2009, 6:09 PM
Wed, Nov 18 2009, 4:01 PM
The FN 4.0 is trading -0-04 at 99-09 yielding 4.084% and the FN 4.5 is bid -0-02 at 101-23 yielding 4.294%. The secondary market current coupon is 4....
Wed, Nov 18 2009, 1:54 PM
Wed, Nov 18 2009, 1:29 PM
Reports from fellow mortgage professionals indicates that rates are unchanged from yesterday. This keeps the par 30 year conventional rate mortgage ...
Tue, Nov 17 2009, 12:56 PM
Benchmark Treasury prices and mortgage-backed security prices rallied yesterday. AQ described the inner dynamics of the trade strategy that led to rat...
Tue, Nov 17 2009, 11:15 AM
Relative to yesterday's levels, MBS had a tougher time this morning than treasuries. The limits of Monday's MBS range were 101-24 on the low side and...
Tue, Nov 17 2009, 10:46 AM
Google's mortgage comparison tool; bank ranking; rates slide higher
Tue, Nov 17 2009, 8:30 AM
The long end of the yield curve has recovered two weeks of steepening in the past two days.n 10s, buying beget more buying as open short positions wer...
Tue, Nov 17 2009, 8:08 AM
Equity markets are looking down before the bell but the losses are modest compared to the Monday rally.
S&P 500 futures are off 2.1 points to 1,10...
Tue, Nov 17 2009, 5:01 PM
Tue, Nov 17 2009, 4:36 PM
Attorney General Eric Holder today announced the formation of an interagency task force to investigate and prosecute financial fraud. The group will ...
Tue, Nov 17 2009, 3:47 PM
As mortgage-backs make their way towards the exits, prices are holding near unchanged on the day. The FN 4.0 is +0-01 at 99-17 yielding 4.053% and th...
Tue, Nov 17 2009, 2:01 PM
Tue, Nov 17 2009, 1:29 PM
The November Housing Market Index was unchanged from October's downwardly revised level of 17. The component gauging current sales conditions and the...
Tue, Nov 17 2009, 1:17 PM
National credit agency TransUnion reported today that, while mortgage delinquency rates continue to rise and have reached record levels, the rate of i...
Mon, Nov 16 2009, 10:57 AM
Mon, Nov 16 2009, 10:27 AM
Reports from fellow mortgage professionals indicate mortgage rates are holding steady, near last week's aggressive closing levels. The par 30 year co...
Mon, Nov 16 2009, 10:02 AM
GM & GMAC, Fannie, PMI, CitiMortgage, Caliper news; fraud in Nor Cal
Mon, Nov 16 2009, 9:23 AM
The Week Ahead is busy, lots of data and Fed speakers. The trade tactic we anticipate to be a rates money mover...the unwinding of the yield curve STE...
Mon, Nov 16 2009, 7:59 AM
The week begins with a bang but ends with a whimper. A storm of data hits markets on Monday with retail sales an hour before the opening bell, plus th...
Mon, Nov 16 2009, 5:15 PM
Mon, Nov 16 2009, 5:14 PM
Federal Reserve Chairman Ben Bernanke today spoke at the Economic Club of New York. The topic of his speech was the Outlook for the Economy and Policy...
Mon, Nov 16 2009, 3:38 PM
As the session draws closer to close, the FN 4.0 is +0-18 at 99-22 yielding 4.035% and the FN 4.5 is +0-08 at 102-01 yielding 4.252%. The secondary m...
Mon, Nov 16 2009, 1:56 PM
