Fri, Mar 5 2010, 8:34 AM
36,000 jobs were lost in February according to the Bureau of Labor Statistics. The unemployment rate held steady at 9.7%. The payrolls number was MUCH...
Fri, Mar 5 2010, 8:15 AM
Equity futures are firmly higher this morning ahead of February employment numbers. Payrolls are expected to continue declining but investors are reac...
Fri, Mar 5 2010, 5:10 PM
When looking back on the week that was, it seems like mortgage rates went on a wild ride. Lenders repriced for the better and lenders repriced for the...
Thu, Mar 4 2010, 12:41 PM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8...
Thu, Mar 4 2010, 12:07 PM
Those of you who aren’t commercial bankers might ask what the heck is the loans-to-deposit ratio?. Essentially, it’s this: (1) You have $100 in depos...
Thu, Mar 4 2010, 10:44 AM
Thu, Mar 4 2010, 9:47 AM
Underwriters Marching to Lenders' Tune; The Next Generation of Borrowers; New Faces at the Closing Table; MBS Trading Margins
Thu, Mar 4 2010, 8:19 AM
The futures market is pretty quiet this morning as investors await the jobless claims report today and the month’s unemployment report tomorrow. Also ...
Thu, Mar 4 2010, 5:35 PM
I know everyone wants to run through "what if" scenarios and try and position their pipeline for profits ahead of tomorrow's NFP print....I cant say I...
Thu, Mar 4 2010, 5:04 PM
Tomorrow we get the official government numbers on the employment situation. This is the most influential report offered on a monthly basis. Job cre...
Thu, Mar 4 2010, 3:52 PM
In the week ending March 4, 2010, the Federal Reserve purchased a net total of $10.00 billion agency MBS. This $1 billion decline from the previous re...
Wed, Mar 3 2010, 11:18 AM
While price action has been choppy, I do believe the range will contain both bearish and bullish momentum leading up to 830am on Friday. My targets ar...
Wed, Mar 3 2010, 11:15 AM
Over the last year, we’ve seen many loan officers and mortgage brokers desiring to bolt onto a strong regional mortgage bank. Many mortgage brokers a...
Wed, Mar 3 2010, 10:36 AM
Fannie Mae's Buyback Plan; HARP Extended; Lock Desks Busier; RESPA vs. USPS; Rates to Rise 50bps
Wed, Mar 3 2010, 8:07 AM
It’s a busy day ahead as investors will eye key data on the manufacturing industry and receive one of the top forecasting tools for the monthly employ...
Wed, Mar 3 2010, 7:54 AM
We've been speculating about the sources of strength behind bullish bond market momentum. On one hand we know the market is nervous about Friday's NFP...
Wed, Mar 3 2010, 5:46 PM
Like yesterday, early morning weakness in the MBS market led to slightly worse rate sheets at the beginning of the day. However as the day progressed,...
Wed, Mar 3 2010, 4:06 PM
Lock desks got busy toward the end of last week as rates dipped and coverage on it picked up (at least on MND). We believe current mortgage rates are...
Wed, Mar 3 2010, 3:48 PM
Freddie Mac's Monthly Volume Summary shows that loan delinquencies continue to mount and now represent 4.04 percent of its total loans. At the same t...
Tue, Mar 2 2010, 10:55 AM
While I do see reasons to be worried about reprices for the worse in the short term, recent ranges are still containing directionality. It looks like ...
Tue, Mar 2 2010, 10:46 AM
Mortgage Support Needed in Russia; Jumbo Market Making a Comeback?; Warehouse Lending; Investor Updates
Tue, Mar 2 2010, 9:56 AM
Mortgages have been playing follow the leader with benchmark Treasuries over the past few session. This continues ahead of what is expected to be a sl...
Tue, Mar 2 2010, 8:14 AM
Relative to how busy this week is, Tuesday’s economic calendar is pretty slow. Aside from the weekly retail sales surveys, no major economic data will...
Tue, Mar 2 2010, 5:04 PM
It was a very volatile day in the secondary mortgage market. Yesterday MBS prices rose in the morning and fell in the afternoon. Today the exact oppos...
Mon, Mar 1 2010, 10:20 AM
Residential construction was at a seasonally adjusted annual rate of $260.8 billion in January, 1.3 percent above the revised December estimate of $25...
Mon, Mar 1 2010, 10:13 AM
Mandatory Loan Commitment Speedbump? GSE Earnings; Interest Only Loans a Thing of the Past; More on HUD, RESPA, and the GFE
Mon, Mar 1 2010, 8:25 AM
Markets are optimistic ahead of another busy week of data. Equities are looking for a higher opening, commodities are mixed, the dollar is slightly up...
Mon, Mar 1 2010, 4:14 PM
The week ahead is busy with the highest impacting report scheduled to be released on Friday morning. Reports from fellow mortgage professionals indica...
Mon, Mar 1 2010, 3:50 PM
The Federal Housing Finance Agency announced today that it Home Affordable Refinance Program will be extended until June 30, 2011. The program is aim...
Mon, Mar 1 2010, 3:23 PM
The U.S. Department of Housing and Urban Development, in partnership with the Loan Modification Scam Prevention Network, today announced the launch of...
Mon, Mar 1 2010, 2:23 PM
We were Compass Analytics users for years back when it was called Tuttle & Co. They were a great hedging advisor then, it may be even better today. O...
Mon, Mar 1 2010, 1:26 PM
Headlines cite strength in stocks as a function of Greece bailout developments. Gains are broad based though so we have to look deeper. I say the upti...
Fri, Feb 26 2010, 12:53 PM
Fri, Feb 26 2010, 11:53 AM
Freddie Mac (NYSE: FRE) announced today that on or about September 1, 2010, the company will cease purchasing and securitizing interest only mortgages...
Fri, Feb 26 2010, 11:47 AM
The acting head of FHFA told Congressional leadership that Fannie Mae and Freddie Mac will forgo new products to concentrate on its core businesses w...
Fri, Feb 26 2010, 10:33 AM
