Fri, Nov 13 2009, 10:59 AM
While intraday trade flows dont necessarily represent a long term strategy in the rates market, there is still reason to mark and highlight this event...
Fri, Nov 13 2009, 8:53 AM
Freddie's '10 loan limits; news from SunTrust, AgFirst, CMBA, TBI, Flagstar, USBHM
Fri, Nov 13 2009, 8:32 AM
Fri, Nov 13 2009, 8:10 AM
With the Dow climbing for six consecutive days and breaking fresh 13-month highs, the 0.91% sell-off yesterday was prompted more by timely profit-taki...
Fri, Nov 13 2009, 5:45 PM
Fri, Nov 13 2009, 4:48 PM
"Social media marketing is here to stay" could very well be chalked up as the understatement of the year. Social media marketing has been on the rise ...
Fri, Nov 13 2009, 3:54 PM
Heading into the 5pm marking period, the FN 4.0 is +0-08 at 99-05 yielding 4.09% and the FN 4.5 is trading +0-08 at 101-24 yielding 4.287%. The seco...
Fri, Nov 13 2009, 1:47 PM
Fri, Nov 13 2009, 1:24 PM
It was a busy day in the rates market yesterday. Although several data releases needed to be digested, the main event was the 30 year bond auction. R...
Thu, Nov 12 2009, 12:45 PM
Early reports from fellow mortgage professionals indicate mortgage rates holding steady. The par 30 year conventional rate mortgage remains in the 4....
Thu, Nov 12 2009, 11:22 AM
Not a bad concession built into the long bond before the auction. That said, 30s are somewhat oversold at the moment, currently testing yield levels n...
Thu, Nov 12 2009, 10:11 AM
JP Morgan Chase Hiring Originators; YSP, RESPA, DU 8.0 Chatter; news from Flagstar and PennyMac
Thu, Nov 12 2009, 8:48 AM
In this week's release, which reports on loan application activity for the week ending November 6, 2009, demand for new mortgage loans increased 3.2% ...
Thu, Nov 12 2009, 8:36 AM
Thu, Nov 12 2009, 8:28 AM
In terms of data releases the week is only beginning now. Stocks have been rising this week led by the Dow hitting a 13-month high Tuesday and continu...
Thu, Nov 12 2009, 5:58 PM
Thu, Nov 12 2009, 5:15 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the four trading days between November 5 a...
Thu, Nov 12 2009, 3:26 PM
I've been hesitant to address this issue while I've watched it slowly unfold, but perhaps now is a good time to raise the red flag. Lackluster demand ...
Thu, Nov 12 2009, 2:02 PM
The annual independent audit report of FHA capital reserves published today shows that, while the reserve ratio has dropped below the level mandated b...
Thu, Nov 12 2009, 2:01 PM
Mortgages continued to hold firm with average rates below 5 percent for both long and short term loans. The 30-year FRM has now been below 5 percent ...
Thu, Nov 12 2009, 1:28 PM
Thu, Nov 12 2009, 1:02 PM
Wed, Nov 11 2009, 9:17 AM
Tue, Nov 10 2009, 12:24 PM
Reports from fellow mortgage professionals indicate mortgage rates are marginally improved from yesterday. This keeps the par 30 year conventional ra...
Tue, Nov 10 2009, 11:18 AM
Tue, Nov 10 2009, 10:01 AM
The Federal Reserve's Senior Loan Officer Survey for October shows that banks are still tightening their lending standards, although not with the freq...
Tue, Nov 10 2009, 9:46 AM
Mortgage Insurance Incontestability Opinion; Tax Credit; Flagstar Update; Where are Rates Going?
Tue, Nov 10 2009, 9:20 AM
At the moment, the December FN 4.0 is +0-06 at 98-23 and the FN 4.5 is trading +0-05 at 101-08. Because we are right in the middle of the settlement p...
Tue, Nov 10 2009, 8:09 AM
Investors look hesitant to keep the rally going. The S&P 500 has climbed 5.5% on six straight days of gains and the Dow hit a 13-month yesterday at 10...
Tue, Nov 10 2009, 5:11 PM
Tue, Nov 10 2009, 4:42 PM
The Treasury Department announced Tuesday morning that its Making Home Affordable Program (HAMP) now has more than 650,000 mortgage modifications unde...
Tue, Nov 10 2009, 3:46 PM
The FN 4.0 is trading +0-02 at 98-19 yielding 4.146% and the FN 4.5 is +0-02 at 101-05 yielding 4.359%. The secondary market current coupon is 4.253%...
Tue, Nov 10 2009, 2:02 PM
We've been getting a lot of questions about the particulars of the Home Buyer Tax Credit Extension. While I wish we could take credit for the abundanc...
Tue, Nov 10 2009, 1:25 PM
Tue, Nov 10 2009, 1:03 PM
Mon, Nov 9 2009, 12:15 PM
I have been using a well defined trading range to gauge my lock/float recommendations. The idea is to lock at the price highs and float at the price...
Mon, Nov 9 2009, 11:21 AM
Mon, Nov 9 2009, 10:08 AM
Tax credit extension; results from Freddie & PennyMac; HPML test; S.A.F.E. forms
Mon, Nov 9 2009, 8:29 AM
Plain and Simple: If yield curve bargain buyers take advantage of the steep shape of the curve...the unwinding of expensive MBS valuations could be of...
Mon, Nov 9 2009, 8:11 AM
The week ahead is extremely light on new data, with virtually nothing from the US hitting markets until the jobless claims report on Thursday morning....
Mon, Nov 9 2009, 3:14 PM
Good Afternoon everyone. Today is Notification Day in the TBA MBS market. At this point, veteran MBS commentary readers are well aware of the events t...
Mon, Nov 9 2009, 1:11 PM
The Treasury just auctioned a record $40bn in 3yr notes, $1 billion more than the October issuance. The bid to cover ratio was 3.33 bids for every one...
Fri, Nov 6 2009, 12:31 PM
Fannie Mae reported a loss of nearly $19 billion in the third quarter due largely to credit-related expenses. The resulting deficit has prompted FHFA...
Fri, Nov 6 2009, 11:29 AM
Fri, Nov 6 2009, 10:43 AM
While price action has been volatile so far this morning, MBS continue to hold in the middle of the recent trading range. Because the Employment re...
Fri, Nov 6 2009, 9:46 AM
The 10yr note yield just rose to 3.54%. Hopefully we get some short covering there and a reversal. Unfortunately this is having negative effects on "r...
Fri, Nov 6 2009, 9:43 AM
Lots of news from North Carolina, Fannie, Freddie, PMI, AIG, the tax credit; rates head lower after unemployment data
Fri, Nov 6 2009, 8:33 AM
Oct Non-farm Payrolls Worse than Expected at -190,000 vs. consensus -175,000 vs. Sept -219,000 (previously -263,000). Unemployment Rate: 10.2% vs. con...
Fri, Nov 6 2009, 7:59 AM
Trading is cautious ahead of the month’s most important indicator. Equities jumped more than 2% on Thursday on optimism for the labor market and posit...
