Fri, Feb 12 2010, 4:33 PM
Because the overall economic environment is cloudy and the Federal Reserve is still quite cautious, investors will remain defensive, which will preven...
Fri, Feb 12 2010, 3:56 PM
After three below average Treasury auctions and a few days of positive progress in stocks, mortgage rates are ending the week slightly higher than whe...
Fri, Feb 12 2010, 2:00 PM
Thu, Feb 11 2010, 12:53 PM
James J. Saccacio, chief executive officer of RealtyTrac said "January foreclosure numbers are exhibiting a pattern very similar to a year ago: a doub...
Thu, Feb 11 2010, 11:58 AM
All this movement in the wrong direction and the S&P is only just beginning to test overhead resistance. Makes you wonder what might happen if stocks ...
Thu, Feb 11 2010, 11:55 AM
How Buyouts Affect Loan Originators; FTC & Loan Modification Companies Set to Battle; Fed Chairman Shares Plan
Thu, Feb 11 2010, 8:51 AM
The RANGE is moderating further progress in stocks at the moment, until a more detailed, CONCRETE, plan is offered from EU officials, risk buyers are ...
Thu, Feb 11 2010, 8:28 AM
Equity markets could open higher this morning as media outlets report that the European Union have agreed to design a financial rescue plan for Greece...
Thu, Feb 11 2010, 5:19 PM
Thu, Feb 11 2010, 5:19 PM
Troubled Banks and Construction Loans; More on the Cose of Loan Repurchases; The Size and Scope of NYC
Thu, Feb 11 2010, 5:10 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be about the same as rates yesterday morning. This puts the par 30 year conv...
Thu, Feb 11 2010, 3:21 PM
Thu, Feb 11 2010, 2:56 PM
The Federal Reserve yesterday released an outline of their plan to remove the financial marketplace from the supportive influences of accomodative mon...
Thu, Feb 11 2010, 1:01 PM
The bond market was clearly not interested in this auction. Rates weakness persists as we are holding outside the comfy confines of the recent range....
Wed, Feb 10 2010, 11:48 AM
Wed, Feb 10 2010, 11:07 AM
Plain and Simple: the Fed is feeling their way through this one step at a time. The plan has been outlined but the marketplace is very sensitive to po...
Wed, Feb 10 2010, 10:53 AM
FHA Appraisal Policy REMINDER; Approve/Ineligibles; How PIIGS impact MBS; ING & YSP
Wed, Feb 10 2010, 9:08 AM
Wed, Feb 10 2010, 8:31 AM
With investors still believing a bailout package will be structured for Greece, global equity markets are trading higher while stock futures at home a...
Wed, Feb 10 2010, 6:14 PM
Wed, Feb 10 2010, 4:59 PM
Mortgage Rates moved higher today.The main event on the day was the second of three US Treasury auctions scheduled for this week. Today's auction offe...
Wed, Feb 10 2010, 3:33 PM
Today's "tape-bomb", or volatile news item, was launched from the frontlines at FHLMC, somewhere in suburban Virginia, as they announced they would bu...
Wed, Feb 10 2010, 2:43 PM
Freddie Mac announced they would purchase $71.2 billion 120+ day in loans. This confirms fears that MBS investors should be expecting an increase in i...
Wed, Feb 10 2010, 2:01 PM
If you’ve worked in the secondary market area or been around someone who manages interest rate risk for a mortgage banker, you may have heard some str...
Wed, Feb 10 2010, 1:46 PM
Reprices for the worse--if you haven't seen them already--are still possible to probable. Try to gauge how much your lender hedged their rates for to...
Wed, Feb 10 2010, 1:02 PM
Tue, Feb 9 2010, 11:22 AM
We have been here before...over the past 6 months when equities showed signs of weakness, I actually put good thought into making a connection between...
Tue, Feb 9 2010, 11:17 AM
Jumbo Loan Delinquencies; BoA and Landsafe; Fannie Mae HomePath Incentive; Pooling and Ratings Agencies;
Tue, Feb 9 2010, 8:36 AM
The sky is once again gray and the ominous smell of another winter storm has settled in over the area. This spells trouble for a region that has alrea...
Tue, Feb 9 2010, 8:25 AM
Stock markets may be reversing course after investors pushed down the Dow by 1.04% yesterday. Increased speculation that the European Union may bail o...
Tue, Feb 9 2010, 6:38 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be worse this morning., mortgage rates are higher. While the par 30 year ...
Tue, Feb 9 2010, 5:09 PM
Plain and Simple: sometimes a little snow is great for the local economy. sometimes too much snow can strain the budgetary limits of the local econom...
Tue, Feb 9 2010, 1:27 PM
In the wake of treasury auctions, volatility can be quite high, and it's too soon to know if this support will continue to hold or if the situation de...
Tue, Feb 9 2010, 1:26 PM
Cost of a Loan Repurchase; Budget Deficit; Financial Sector Peformance; MBA Headquarters; ResCap Earnings
The story about the Mortgage Bankers offi...
Tue, Feb 9 2010, 1:04 PM
We're down 6 ticks since the auction so far, and falling....Reprice risk is high at the moment
Mon, Feb 8 2010, 11:38 AM
"Rate sheet influential" MBS coupons and benchmark TSYs are testing the staying power of Friday's FTQ fixed income rally. A solid move below 101-06 w...
Mon, Feb 8 2010, 10:11 AM
MBA Takes Loss on Headquarters; CRA Loans; HAMP Servicer Updates; Prepay Speeds; Updates: GMAC, FAMC
Mon, Feb 8 2010, 8:56 AM
Stocks sold off in a panicky fashion last week as sovereign debt concerns grew over Greece, Portugal, and Spain's ballooning budget deficit and rising...
Mon, Feb 8 2010, 8:49 AM
The week ahead is a particularly slow one. The only major releases are the Trade Balance on Wednesday and Retail Sales report on Thursday. Plus, Frida...
Mon, Feb 8 2010, 3:54 PM
In the past year, we’ve still seen a few companies allow their loan officers to lock directly with investors. Investors today allow their corresponde...
Mon, Feb 8 2010, 1:43 PM
Nothing has changed from Friday. Mortgage rates continue to run into a floor at 4.75%. This has held true all month! My lock bias is based on the big...
Fri, Feb 5 2010, 11:45 AM
Now that the jobs report is behind us, the marketplace will put all focus on sovereign debt anxieties abroad. Part of the reason for panic has to due...
Fri, Feb 5 2010, 9:56 AM
FDIC Doing "A LOT" of Hiring; Less Loan Production in 2010; Neighborhood Watch Scorecard; California Tax Exempt Bonds; FY2011 Budget
Fri, Feb 5 2010, 9:36 AM
More on Loan Buybacks; GMAC's Earnings; Another BofA lawsuit; Primer on volatility; Solid Super Bowl Joke
Fri, Feb 5 2010, 8:31 AM
20,000 jobs were lost in January according to the Bureau of Labor Statistics. The unemployment rate fell from 10.0% to 9.7%. This will surely grab hea...
