Mon, May 3 2010, 6:36 PM
"The increase in borrowing and the higher cash balance were due to a combination of the increase in the SFP balance, higher receipts, lower outlays, a...
Mon, May 3 2010, 4:16 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to Friday’s repriced sheets. The par 30 year conventional rate m...
Mon, May 3 2010, 3:06 PM
The lack of conviction discussed in the AM post is obvious in both stocks and bonds today. The S&P is +1.47% at 1204.12. Essentially erasing the losse...
Mon, May 3 2010, 2:21 PM
According to the Monthly Volume Summary issued by Freddie Mac, the mortgage related investment portfolio skyrocketed, increasing by an annualized rate...
Fri, Apr 30 2010, 11:29 AM
All of the top 20 metropolitan areas in terms of foreclosure activity are located in only four states according to a report released today by RealtyTr...
Fri, Apr 30 2010, 11:11 AM
Last Day to Take Advantage of Home Buyer Tax Credit; Last Day of GFE Leniency From HUD; Carry Trade Primer
Fri, Apr 30 2010, 10:45 AM
This is exactly why we have been preaching the fundamentals of GUTFLOP so much lately. PLAY THE RANGE UNTIL THE RANGE PLAYS YOU and LOCK AT THE PRICE ...
Fri, Apr 30 2010, 8:19 AM
Equity futures are modestly higher this morning as investors anticipate the latest developments from Greece as well as three key domestic data release...
Fri, Apr 30 2010, 6:52 PM
Month long rallies in and of themselves are sometimes sufficient cause for the momentum to take a break, either to merely "catch it's breath" or worse...
Fri, Apr 30 2010, 2:22 PM
Take a careful look at the charts and how good your pricing is, and consider the trend channel in treasuries is now closer to indicating a move higher...
Fri, Apr 30 2010, 1:59 PM
Let’s do a short review of what I believe RMBS traders were thinking in 2006 and 2007 and what they did to address increasing risk to the firm. They ...
Thu, Apr 29 2010, 11:15 AM
Originators Face Moral Dilemma: Cheer On The Economy or Root For Low Mortgage Rates; Ginnie Issuance Down in March; Greek Ramificationsnews from Fanni...
Thu, Apr 29 2010, 10:43 AM
There is a ton of noise surrounding the marketplace at the moment, and it's coming mostly out of the EU. I don't see the trading environment acting a...
Thu, Apr 29 2010, 8:16 AM
Stocks continue to inch upwards this morning as European concerns ease. The Fed’s commitment yesterday to keep monetary policy at “exceptionally low l...
Thu, Apr 29 2010, 6:36 PM
While a sell off may be in the cards, the recent movements, trends, and volume would put the onus for that more on the the strength or weakness of the...
Thu, Apr 29 2010, 6:23 PM
Lender loan pricing is ever so slightly improved today. An afternoon MBS rally allowed a few lenders to reprice for the better as well, but overall mo...
Thu, Apr 29 2010, 4:33 PM
Treasury Secretary Geithner today appeared before the Senate Financial Services and General Govt. Subcommittee. He made the following statement: "I w...
Thu, Apr 29 2010, 4:24 PM
The House Financial Services Committee approved a request by the Federal Housing Administration (FHA) to raise the ceiling on annual FHA mortgage insu...
Thu, Apr 29 2010, 3:33 PM
Fannie 4.5's up 7 ticks at 100-21. 10's down a few bps from 7yr auction time at 1pm from 3.75 to 3.73. Stocks pausing at resistance, while bonds catch...
Thu, Apr 29 2010, 2:17 PM
Same story as yesterday, just more pronounced. Strong demand from the right investors at the right yield. Dealers didn't have to do much heavy liftin...
Thu, Apr 29 2010, 1:04 PM
Political thinkers like George Orwell and Hannah Arendt used to think technology would be the permanent boot-jack on the neck of mankind. You only nee...
Wed, Apr 28 2010, 12:59 PM
Wed, Apr 28 2010, 11:02 AM
Do Brokers Have Better Pull-Through Then Retail Originators? Home Prices; Updates from Wells, ING, Citi
Wed, Apr 28 2010, 10:25 AM
So does this stock selloff stick or is it viewed simply as an opportunity to buy the S&P below 1200? I say rip and run traders! Unless you think the w...
Wed, Apr 28 2010, 8:11 AM
Stock futures are recovering a portion of yesterday's losses this morning after a sharp sell-off in the final hour of trading Tuesday. No major econom...
Wed, Apr 28 2010, 5:19 PM
If you believe in the continuation of the existing trends/ranges, you understand we might be dealing with a probe to slightly higher yields, but conti...
Wed, Apr 28 2010, 5:06 PM
Mortgage rates are improved from yesterday morning but higher than they were after lenders repriced for the better yesterday afternoon. It appears the...
Wed, Apr 28 2010, 3:26 PM
No surprises in this data. Purchase apps continue to trend higher as the April 30th tax credit deadline fast approaches. Slowly falling refinance dema...
Wed, Apr 28 2010, 2:24 PM
As expected, the Fed made no mention of selling their mortgage-backed securities portfolio, the "extended period" verbiage was left in place, and inf...
Wed, Apr 28 2010, 2:03 PM
The Treasury has successfully auctioned $42 billion 5 year notes. This was the 6th consecutive offering at this size and likely one of the last times ...
Tue, Apr 27 2010, 12:23 PM
Looks like the market is favoring the flight to safety side of the "conflicting view" story I described in the OPEN. The stock lever has engaged in a...
Tue, Apr 27 2010, 11:06 AM
While this release seems scary, I must remind that this report covers FEBRUARY and existing home sales and new home sales were first seen rising in MA...
Tue, Apr 27 2010, 10:56 AM
How Will Mortgage Bankers Survive in 2010?; HUD Online Training; Mortgage Rate and Yield Spread Primer
Tue, Apr 27 2010, 10:14 AM
In order for the 10 yr note to see much more positive progress, we need 2s to fall below 1.00% again. I doubt that will happen before the FOMC release...
Tue, Apr 27 2010, 8:23 AM
Stock futures are off this morning as the Federal Reserve prepares to begin its two-day monetary policy meeting and Goldman Sachs readies for a Senate...
Tue, Apr 27 2010, 5:42 PM
It's hard to know how all this will play out in coming days, but I do think it's significant that we saw the highest volume in over a month a day BEFO...
Tue, Apr 27 2010, 5:37 PM
Mortgage bankers can’t survive without loan originations. Loan originations create the opportunity to generate revenue through loan fees and secondar...
Tue, Apr 27 2010, 5:23 PM
S&P, the ratings agency, downgraded Greece's government debt to junk status earlier in the day. This was an unexpected event and resulted in stocks se...
Tue, Apr 27 2010, 2:56 PM
Fannie Mae is extending the incentives offered to purchasers of its HomePath REO properties for an additional 50 days beyond the original deadline. T...
Tue, Apr 27 2010, 2:25 PM
Direct bidders offset a continued reduction in indirect demand while primary dealers mopped up the remaining mess. It always makes me nervous when dea...
Mon, Apr 26 2010, 12:44 PM
As far as either breaking higher (in yield) over 3.84 or lower past 3.75 (resistance not shown on chart), a couple key events will be informative thi...
Mon, Apr 26 2010, 10:26 AM
"FHA IS THE WAY" has been the motto of many a mortgage banker and broker since the collapse of the secondary mortgage market in 2007. The attached ch...
Mon, Apr 26 2010, 10:14 AM
Fed vacancies; FDIC targets Illinois; USDA update; MI news; New Homes figures of interest
Mon, Apr 26 2010, 9:02 AM
Main focus today will be on 10yr treasury futures charts for a couple reasons. First of all, treasuries (and especially futures) lend themselves exce...
Mon, Apr 26 2010, 8:38 AM
Stock markets are looking to open the final week of April looking up after the benchmark S&P 500 added 2.1% last week.
Positive earnings results we...
Mon, Apr 26 2010, 5:10 PM
When we say "looking for opportunities to lock," it's to suggest that we keep our eyes open for competitive rate sheets that benefit from the relative...
Mon, Apr 26 2010, 4:27 PM
Mortgage rates bounced back and forth in a relatively tight range before going out at their highest levels of the week last Friday. Although prices of...
Mon, Apr 26 2010, 3:47 PM
While vacancy rates are appearing to moderate, home ownership in the U.S. has declined to a level last seen at the beginning of the decade according t...
Fri, Apr 23 2010, 11:04 AM
Sales of new single-family houses in March 2010 were at a seasonally adjusted annual rate of 411,000. This is 26.9 percent (±21.1%) above the revised ...
Fri, Apr 23 2010, 10:20 AM
Ratings Agency Primer; More on the Non-Agency Mortgage Market; Wells Fargo Still Battling Baltimore; Swimming Pool Requirement
