Fri, Oct 23 2009, 11:06 AM
Reports from fellow mortgage professionals indicate lender rate sheets are similar to what we had yesterday morning. The par rate for a conventional ...
Fri, Oct 23 2009, 9:49 AM
HVCC Phase out? BB&T's Warehouse Commitment; SunTrust Earnings; Fed still buying MBS's
Fri, Oct 23 2009, 8:45 AM
The 10yr TSY note is -17/32 at 101-07 yielding 3.481%. The FN 4.0 is -0-09 at 97-29 yielding 4.215% while the FN 4.5 is trading -0-07 at 100-19 yieldi...
Fri, Oct 23 2009, 8:02 AM
Equity futures are flat to slightly lower this morning after shares in the S&P 500 jumped 1.06% yesterday. Today markets will received fresh data for ...
Fri, Oct 23 2009, 6:23 PM
It is no secret that the most widely discussed topic of the week was: The Range Trade
Our analysis relied upon the random price action of intraday ...
Fri, Oct 23 2009, 4:58 PM
Roughly 70% of Americans own a home. Eighty percent of wealth in America is created through real estate (i.e. home ownership). Clearly home ownershi...
Fri, Oct 23 2009, 4:44 PM
Freddie Mac released their activity summary today. This data reports on monthly and year-to-date activity for Freddie Mac's Total Mortgage, Retained a...
Fri, Oct 23 2009, 2:53 PM
The FN 4.0 is currently -0-03 at 98-03 yielding 4.196% and the FN 4.5 is trading -0-04 at 100-22 yielding 4.418%. The secondary market current coupon ...
Fri, Oct 23 2009, 2:08 PM
Existing-home sales jumped 9.4 percent to an annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2 percen...
Thu, Oct 22 2009, 11:29 AM
The FN 4.0 is currently +0-01 at 98.06 yielding 4.187% while the FN 4.5 is trading -0-02 at 100-25 yielding 4.406. The secondary market current coupon...
Thu, Oct 22 2009, 10:11 AM
This data set tracks new filings for unemployment insurance benefits and the number of Americans who continue to receive state unemployment benefits (...
Thu, Oct 22 2009, 9:45 AM
Condo Regs Delayed;Fed's View of the Economy; Bank Earnings; Thoughts on 2010 vs. 2009
Thu, Oct 22 2009, 8:14 AM
Rates are rising ahead of the 11am TSY supply announcement. Benchmark TSY traders not so much focused on BIG PICTURE or data....traders more concerned...
Thu, Oct 22 2009, 8:07 AM
Equity markets in the US have been falling for two consecutive days. Ahead of several data reports, speeches from Federal Reserve officials, and a del...
Thu, Oct 22 2009, 5:02 PM
The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financ...
Thu, Oct 22 2009, 4:57 PM
Thu, Oct 22 2009, 3:51 PM
Heading into the 5pm marking period, the FN 4.0 is trading +0-04 at 98-09 yielding 4.178% while the FN 4.5 is +0-02 at 100-29 yielding 4.391%. The sec...
Thu, Oct 22 2009, 1:51 PM
Considering the improvements in the secondary market, you are likely looking for a little more reprice for the better love from lenders...don't hold y...
Thu, Oct 22 2009, 1:29 PM
After opening the day lower yesterday, MBS managed to rally steadily off the lows before a late day stock sell off added steam to the upward price mom...
Wed, Oct 21 2009, 12:21 PM
Reports from fellow mortgage professionals indicate that lender rate sheets are slightly worse today. The par 30 year conventional fixed mortgage rat...
Wed, Oct 21 2009, 11:54 AM
Coming up with creative ways to convey the same sentiment is taxing, even for hyperactive extroverts...
Yes, it's still a range, but today gives us...
Wed, Oct 21 2009, 10:38 AM
The Mortgage Banker's application survey covers over 50% of all US residential mortgage loan applications taken by mortgage bankers, commercial banks,...
Wed, Oct 21 2009, 10:18 AM
The 10yr TSY note yield has pushed through 3.40% and is currently testing 3.42%. This down trade in TSYs has forced "rate sheet influential" MBS price...
Wed, Oct 21 2009, 9:58 AM
Good earnings from Wells, USB, Jeffries, Morgan Stanley; Lend America & HUD issues; Fannie's PRP
Wed, Oct 21 2009, 9:30 AM
Weakness in rate sheet influential benchmarks is pushing rate sheet influential MBS prices lower this morning. The FN 4.0 is currently -0-07 at 98-05 ...
Wed, Oct 21 2009, 7:31 AM
Equities are looking to extend yesterday’s losses in this morning’s pre-trading session. The data schedule is light today with no major releases sched...
Wed, Oct 21 2009, 5:02 PM
Wed, Oct 21 2009, 4:09 PM
The FN 4.0 is trading -0-04 at 98-08 yielding 4.181% while the FN 4.5 is +0-00 at 100-29 yielding 4.391%. The secondary market current coupon is 4.328...
Wed, Oct 21 2009, 4:05 PM
The Senate Banking Committee held a hearing on Tuesday as part of its consideration of a proposal to extend the November 30 end date of the homebuyers...
Wed, Oct 21 2009, 3:30 PM
The Beige Book is a summary of economic conditions around the country. About a month before the upcoming FOMC meeting, each of the 12 regional Federa...
Wed, Oct 21 2009, 1:55 PM
Having the same lunch time and again may start to get boring, but at least it reassures us about the intraday weakness in MBS. The secondary market Cu...
Tue, Oct 20 2009, 11:20 AM
New housing starts rose less than expected to 590,000 annualized units, economists were expecting a rise of 610,000 units after a read of 598,000 in A...
Tue, Oct 20 2009, 11:05 AM
Tue, Oct 20 2009, 10:56 AM
Prices of mortgage backed securities posted modest gains yesterday in an uneventful trading session. Intraday gains didn’t warrant reprices for the ...
Tue, Oct 20 2009, 9:22 AM
The Departments of Treasury and HUD announced a new two-prong program to keep Housing Finance Agencies in the lending business. One part of the progr...
Tue, Oct 20 2009, 9:22 AM
News from Wells & GMAC; on reverse mortgages, the tax credit, and the commercial sector
Tue, Oct 20 2009, 8:46 AM
830am data was bond friendly. The 10yr Treasury yield is down to 3.33% from 3.39%. The FN 4.0 is +0-12 at 98-16. The FN 4.5 is +0-08 at 101-02. There ...
Tue, Oct 20 2009, 7:19 AM
US equities are poised to open at fresh one-year highs on Tuesday morning. Sentiment is higher owing to Apple’s post-closing bell announcement that it...
Tue, Oct 20 2009, 4:39 PM
Tue, Oct 20 2009, 4:12 PM
This is just an example of how MBS prices compare to returns of their benchmarks. Terms used often to describe relative value: yield spreads are wider...
Tue, Oct 20 2009, 2:09 PM
As MG pointed out in MBS MORNING, rate sheet influential MBS coupons are being outperformed by benchmark big brothers today. The FN 4.5 is currently +...
Mon, Oct 19 2009, 12:41 PM
Last week consumers who were floating loans watched mortgage rates rise almost 0.25%. After touching five month lows in the previous week, better tha...
Mon, Oct 19 2009, 11:00 AM
This morning the Federal Reserve formally addressed whispers regarding their intentions to conduct reverse repos in the open market. A "repo" is short...
Mon, Oct 19 2009, 9:38 AM
JD Powers Mortgage Servicer Rankings; $8,000 tax credit warning; YSP & FHA news
Mon, Oct 19 2009, 8:39 AM
Scheduled data doesn't show up until tomorrow, so the focus this AM is on Ben and beyond that, speculation and headline responses. So far this AM, MB...
Mon, Oct 19 2009, 8:31 AM
Last Week saw equities hit 12-month highs across the globe, including in Australia, Hong Kong, India, Russia, Europe, England, Brazil and of course th...
Mon, Oct 19 2009, 5:20 PM
After some morning volatility and a fairly directional rally in stocks, MBS and Tsy's settled into a range and Stocks seemed to hit the wall at 1100 o...
Mon, Oct 19 2009, 3:41 PM
Heading into the 5pm "BONDS PERFORMED WELL DESPITE RALLYING STOCKS" marking period the FN 4.0 is +0-04 at 98-09 yielding 4.1775% and the FN 4.5 is tr...
Mon, Oct 19 2009, 1:35 PM
After a noticeable spike in bond prices following the reverse repo press release this AM, both MBS and TSY's have settled back into an uneventful rang...
Fri, Oct 16 2009, 11:06 AM
The FN 4.0 is currently +0-02 at 97-26 yielding 4.225% while the FN 4.5 is trading +0-02 at 100-17 yielding 4.438%. The secondary market current coupo...
