Mon, Jan 25 2010, 4:59 PM
Mon, Jan 25 2010, 3:52 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be worse than Friday. The par 30 year conventional rate mortgage has risen...
Mon, Jan 25 2010, 2:23 PM
As expected markets are thinly traded ahead of the looming FOMC meeting. The 3.375% coupon bearing 10 year Treasury note has bounced back and forth ar...
Fri, Jan 22 2010, 12:50 PM
The foreclosure timeline can take anywhere from 6 months to 1 year depending on the bank and the county. A few steps must take place throughout the f...
Fri, Jan 22 2010, 11:04 AM
Since the econ calendar is empty and politics seem to be driving price action, we might as well discuss Ben Bernanke's pending re-nomination confirmat...
Fri, Jan 22 2010, 11:03 AM
The changes in net worth requirements of FNMA and the 3-year staged increase in net worth of HUD are creating a dilemma for many small mortgage banker...
Fri, Jan 22 2010, 10:50 AM
GFE Feedback: Effect on the IRS, Cash to Close, Lack of Borrower Signature; What it Costs to Keep an AE/LO
Fri, Jan 22 2010, 8:18 AM
90 minutes before the opening bell, Dow Futures are off 27.00 points to 10,311, S&P 500 futures are down 2.00 points to 1,109.00. Commodities are also...
Fri, Jan 22 2010, 8:15 AM
While yesterday's flight to safety was supportive of an extension to the rates "relief rally", the underlying motivation behind boosted bond market op...
Fri, Jan 22 2010, 5:06 PM
Fri, Jan 22 2010, 3:44 PM
With lenders still offering the best rates we've seen in over a month and further progress unknown in the rates market, I still think most should be l...
Fri, Jan 22 2010, 2:46 PM
GNMA paper is already explicitly guaranteed, expect GNMA and the FHA to continue to be a crutch (responsibly). In terms of GSE paper, while I still be...
Fri, Jan 22 2010, 2:41 PM
Heading into the afternoon hours the rates market continues to trade in a choppy manner. While much distance has been traveled on charts, status quo h...
Fri, Jan 22 2010, 1:04 PM
Our analysis shows that there are still a substantial number of mortgages at risk of distress or foreclosure. One particularly troubling area concern...
Thu, Jan 21 2010, 10:55 AM
Bonds didn't even get a chance to price in that auction concession, the stock lever gave us a boost BEFORE the Treasury announced next week's auction...
Thu, Jan 21 2010, 10:22 AM
Analysis of FHA changes; more on broker comp, RESPA & GFE from the trenches; Fifth Third & Goldman results
Thu, Jan 21 2010, 8:50 AM
I am starting to feel a bit more anxious about the relief rally retracement...meaning our "day to day" lock float guidance is looking more toward a lo...
Thu, Jan 21 2010, 8:25 AM
After shedding more than 1% yesterday equity futures have been volatile Thursday morning as investors anticipate earnings results and fresh economic d...
Thu, Jan 21 2010, 6:03 PM
Thu, Jan 21 2010, 4:20 PM
With lenders still offering the best rates we've seen in over a month and further progress unknown in the rates market, I think most should consider l...
Thu, Jan 21 2010, 3:53 PM
Thu, Jan 21 2010, 3:02 PM
In the holiday shortened work week between January 14 and January 20, 2010, the Federal Reserve purchased a total of $16.359 billion agency MBS. In th...
Thu, Jan 21 2010, 1:26 PM
"Rate sheet influential" MBS prices are higher and mortgage rates are improved. While the spike in TSY trading volume is supportive of an extension to...
Thu, Jan 21 2010, 1:09 PM
The proposal would:
1. Limit the Scope - The President and his economic team will work with Congress to ensure that no bank or financial institu...
Wed, Jan 20 2010, 12:47 PM
Building permits rose 10.9% in December to a seasonally adjusted annual rate of 653,000. Housing starts fell 4.0% to a seasonally adjusted annual ra...
Wed, Jan 20 2010, 12:22 PM
Wed, Jan 20 2010, 10:54 AM
So both the refinance index and purchase index improved off of ANEMIC levels of activity last week (sorry...not trying to be a frustrating fred or deb...
Wed, Jan 20 2010, 10:04 AM
The Federal Housing Administration has announced the details of changes intended to strengthen its capital reserves which were reported to be headed i...
Wed, Jan 20 2010, 9:52 AM
FHA tweaks program; Earnings from BofA, Wells, MS; some thoughts on success in 2010
Wed, Jan 20 2010, 9:04 AM
f you look at the chart this AM, you'll notice we get ALL the gains you see BEFORE 830AM data. In other words, 830 marked the best levels in the bond...
Wed, Jan 20 2010, 8:18 AM
Equity futures are sharply lower this morning as Bank of America reported it had lost $5.2 billion in the fourth quarter. The Republican upset in the ...
Wed, Jan 20 2010, 5:46 PM
Although the bond market relief rally is strong on charts and backed by fundamentals (in our opinion)...its still a trader's world, and we're still li...
Wed, Jan 20 2010, 5:22 PM
Warehouse lenders are critical for mortgage bankers. It’s hard to function as a mortgage bank without one. Having a relationship with more than one ...
Wed, Jan 20 2010, 3:57 PM
Reports from fellow mortgage professionals indicate improved rate sheets this morning. The par 30 year conventional rate mortgage has dipped to the 4...
Wed, Jan 20 2010, 3:15 PM
Tue, Jan 19 2010, 12:57 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be unchanged this morning. The par 30 year conventional rate mortgage remai...
Tue, Jan 19 2010, 11:33 AM
The 3.375% coupon bearing 10 year TSY note is trading -0-05 at 97-11. Selling stopped out shy of 3.74% thanks to a round of short covering. Don't expe...
Tue, Jan 19 2010, 10:33 AM
HUD Changes Flip Policy; FDIC First Time Home Buyer Classes; Federal Home Loan Bank IRR Resources; Bank Earnings; Lender Updates
Tue, Jan 19 2010, 8:53 AM
After taking down $84 billion in TSY debt supply last week, the bond market headed into the three day weekend trading outside the range at yields not ...
Tue, Jan 19 2010, 8:33 AM
Equities are mixed around the globe but clearly downward in the US. Following a 3-day weekend, one hour before the opening bell, Dow futures are off ...
Tue, Jan 19 2010, 6:32 PM
Tue, Jan 19 2010, 3:41 PM
Tue, Jan 19 2010, 2:06 PM
As I’ve watched the news on Haiti, I was trying to bring some perspective into the recent economic damage we all experienced from the mortgage meltdow...
Tue, Jan 19 2010, 2:00 PM
Tue, Jan 19 2010, 1:54 PM
Originator Commission Splits and Salaries; Subprime Loan Delinquencies; Acquiring a Bank; Revenue Leakage
Tue, Jan 19 2010, 1:10 PM
Builder confidence in the market for newly built, single-family homes declined one point to 15 in January on continuing concerns about the poor job ma...
Fri, Jan 15 2010, 11:37 AM
you should have your best rate sheets of the year this morning. Besides the fact that lenders are desperate for loan production, "rate sheet influent...
Fri, Jan 15 2010, 9:42 AM
There is much confusion surrounding the guarantee status of the Fannie Mae and Freddie Mac. We clear up any misconceptions and call attention to obse...
Fri, Jan 15 2010, 9:42 AM
JPMorgan Chase Earnings; Nationwide Mortgage Licensing System Comments; GMAC Declining Markets Update
Fri, Jan 15 2010, 9:34 AM
Fixed rates were lower for the second week in a row while adjustable rates were mixed according to Freddie Mac's weekly Primary Mortgage Market Survey...
