Fri, Feb 26 2010, 8:59 AM
Lenders Preparing for Fed's Exit; Foreclosure Ban in Process?; FDIC Banking Profiles and CRA Requirements; More GFE
Fri, Feb 26 2010, 8:42 AM
Fri, Feb 26 2010, 8:18 AM
Since Monday the benchmark S&P 500 has tumbled 0.56% but with fresh data on housing, growth, manufacturing, and consumer sentiment all before Noon, th...
Fri, Feb 26 2010, 4:58 PM
Fri, Feb 26 2010, 3:58 PM
If I was selling loans at the moment and I wanted to reduce secondary marketing 'leakage', I would take special note of the changes, updates, and guid...
Fri, Feb 26 2010, 3:05 PM
Thu, Feb 25 2010, 11:44 AM
Trading in the bond market has been a tale of two objectives. On one hand dealers are trying to push prices lower (yields higher) ahead of $32 billion...
Thu, Feb 25 2010, 10:59 AM
Today, during the Q&A session of his annual report to Congress, Chairman of the Federal Reserve Ben Bernanke said we are in "no-man's land" with Fanni...
Thu, Feb 25 2010, 10:45 AM
Stories from the Street; Loan Apps Continue to Slow; Commercial Default Rates; Freddie's Results, Updates from Wells and US Bank
Thu, Feb 25 2010, 8:42 AM
The 3.625% coupon bearing 10 year TSY note is currently +0-15 at 99-29 yielding 3.639%. Lately I have been using Fibonacci retracements as a technica...
Thu, Feb 25 2010, 8:28 AM
Investors are once again concerned about risk as Greece continues to make headlines. Equity futures are sharply lower and appear likely to erase a goo...
Thu, Feb 25 2010, 6:10 PM
Improvements over the course of the week have led mortgage rates back toward the lows of 2010. While floating is really tempting, if I only had one l...
Thu, Feb 25 2010, 5:28 PM
Thu, Feb 25 2010, 4:46 PM
The key is to not be an average performer in the mortgage banking space. As an average performer, the risk verses reward is slanted more toward the ri...
Thu, Feb 25 2010, 4:22 PM
In response to rising numbers of long-term unemployed, the Mortgage Brokers Association has proposed an addition to the HAMP program which would allow...
Thu, Feb 25 2010, 3:20 PM
Thu, Feb 25 2010, 3:17 PM
Since the inception of the program in January 2009, the Fed has spent $1.21 trillion in the agency MBS market, or 96.5 percent of the allocated $1.25 ...
Thu, Feb 25 2010, 2:41 PM
Freddie Mac and Fannie Mae have released data on average interest rates over the most recent week. Both reported an increase in long term and fixed r...
Thu, Feb 25 2010, 1:03 PM
HIGH YIELD 3.078 PCT, 9.60 PCT OF BIDS AT HIGH
BID-TO-COVER RATIO 2.98, NON-COMP BIDS $35.2 MLN
PRIMARY DEALERS TAKE $13.57 BLN OF 7-YEAR NOTES ...
Wed, Feb 24 2010, 12:58 PM
The National Association of Realtors has suggested a total reorganization of Freddie Mac and Fannie Mae, turning them into two non-profit government-c...
Wed, Feb 24 2010, 11:21 AM
We've heard all this already, not much new content to discuss. The market's main focus is on monetary policy. The Fed is going to keep the Fed Funds R...
Wed, Feb 24 2010, 9:59 AM
The annual pace of New Home Sales fell to a new record low in January. This was the fourth consecutive month New Home Sales slid and the largest month...
Wed, Feb 24 2010, 9:56 AM
Mortgage Insurance Pricing; Radian's Loss Narrows; NAR Non-Profit Proposal; Tips from Wells Fargo
Wed, Feb 24 2010, 8:38 AM
The market's quiet disposition this morning illustrates that most participants are waiting on Bernanke testimony. Speculative positions are set and sa...
Wed, Feb 24 2010, 8:06 AM
The market is roughly flat ahead of January housing data and testimony from Federal Reserve chairman Ben Bernanke.
90 minutes before the opening b...
Wed, Feb 24 2010, 5:07 PM
Wed, Feb 24 2010, 4:34 PM
I have been saying all year that mortgage rates will need some sort of major shift in economic outlooks if they are to fall below 4.75% again. A surp...
Wed, Feb 24 2010, 3:43 PM
Wed, Feb 24 2010, 3:22 PM
Freddie Mac release fourth quarter and 2009 year end financial reports today. Losses for the year were less than half that registered one year earlie...
Wed, Feb 24 2010, 2:59 PM
Will the mortgage broker ever go away? We know some smart people who’ve started up broker shops recently, and we think they’ll find good niches where...
Wed, Feb 24 2010, 1:50 PM
Note on the chart how the 10yr had been having it's longest battle (successfully until just now!) with support levels at 3.70. With that breakout, th...
Wed, Feb 24 2010, 1:21 PM
Tue, Feb 23 2010, 12:47 PM
Optimistic Mortgage Studies; February Production Volume and Profit Margins; ML/BoA Research; More Lender Updates
Tue, Feb 23 2010, 10:54 AM
Tue, Feb 23 2010, 9:00 AM
On a seasonally unadjusted basis, home prices in 20 U.S. cities fell 0.2% in December. Home prices are down 3.1% since last December. This met economi...
Tue, Feb 23 2010, 8:06 AM
Weak data in Europe has caused stocks to edge lower this morning while the US dollar surges. The market is anticipating second-tier retail sales figur...
Tue, Feb 23 2010, 7:59 AM
Weak econ data may add some short term correction momentum today...but the market is still largely short so this progress is more likely a function of...
Tue, Feb 23 2010, 6:26 PM
Stating that the nation's housing market has made significant progress toward stability during the past year, Secretary of Housing and Urban Developme...
Tue, Feb 23 2010, 5:49 PM
Yesterday was the first day in awhile that I advised floating overnight. It paid off today. If you are being offered 4.75% costing 1 discount point, I...
Tue, Feb 23 2010, 5:07 PM
Tue, Feb 23 2010, 3:26 PM
Tue, Feb 23 2010, 2:28 PM
There’s several sources of gain on sale leakage that result in a reduction of revenues. The key is to monitor each loan to ensure there is little or ...
Tue, Feb 23 2010, 1:03 PM
Mon, Feb 22 2010, 11:49 AM
The interest rate market is still trying to rub the sleep from it's eyes. Trading volume is below average and many market watchers are doing just tha...
Mon, Feb 22 2010, 10:55 AM
Obama's Newest Housing Initiative; Covered Bonds; Delinquencies Down; FDIC Bank Closures; Lender Updates
Mon, Feb 22 2010, 9:54 AM
Its a super busy week. While we see bargain buyers as a possible source of support for rising rates, we do not anticipate this will develop into a tre...
Mon, Feb 22 2010, 8:30 AM
Global equities are mostly higher Monday including gains of more than 2% in Japan and Hong Kong. In Europe, where George Provopoulos, governor of the ...
Mon, Feb 22 2010, 6:51 PM
It will be a very busy week of economic data releases and headline news events. We have casually discussed the idea of a short term float position. Th...
Mon, Feb 22 2010, 6:11 PM
Mon, Feb 22 2010, 3:44 PM
