Wed, Jan 6 2010, 12:45 PM
The result of the BEAR STEEPENER today has been plummeting "rate sheet influential" MBS prices and REPRICES FOR THE WORSE from lenders. Just like the ...
Wed, Jan 6 2010, 11:14 AM
In today's release, which reports on the previous two weeks, holiday distractions and rising mortgage rates again had a negative effect on mortgage lo...
Wed, Jan 6 2010, 10:30 AM
Wed, Jan 6 2010, 10:19 AM
Lenders Crying for New Lock; The Dollar's Impact on Loan Originators; SAFE Act Requires Stound Credit in CA; GMAC to Lose $5 Billion
Wed, Jan 6 2010, 8:20 AM
The mortgage market is starting slow again today. Given the above forecast for a narrowing range in TSY yields/prices...we would expect to see a simil...
Wed, Jan 6 2010, 7:53 AM
After the mixed equity session yesterday stocks are continue to drift ahead of key employment data and a comprehensive survey of the services, financi...
Wed, Jan 6 2010, 4:21 PM
he focus on the Fed's involvement in the mortgage market has cast a dark shadow over GSE REFORM. I think its time we start discussing HOW TO GET THE F...
Wed, Jan 6 2010, 3:04 PM
Mortgage rates made modest improvements yesterday thanks to a rally in benchmark Treasuries and mortgage backed securities. The extension of the Monda...
Tue, Jan 5 2010, 11:51 AM
Bonds had opened better and traded well BEFORE the data, and current price levels are neither much better or worse than they were when the data hit.
...
Tue, Jan 5 2010, 10:53 AM
In the data released today, which reported on contract activity in November, the pending home sales index fell more than expected to 96.0 from a revis...
Tue, Jan 5 2010, 10:39 AM
Fed MBS Program Extension Talk; State of Warehouse Lending; Condo Updates from Chase; News from Thornburg, Wells
Tue, Jan 5 2010, 9:14 AM
In the US, the S&P is flat, -0.1% at 1131.88, the Dow is -0.32% at 10550 and the NASDAQ is -0.26% at 2302. The 3.375 coupon bearing 10yr TSY note is +...
Tue, Jan 5 2010, 8:14 AM
The decade started off well yesterday with all three US markets soaring by more than 1.50% yesterday. This morning the futures market looks to extend ...
Tue, Jan 5 2010, 5:34 PM
It was remarkable to read the headline: Fed Economist: Housing Is a Lousy Investment, especially when it was written by Federal Reserve economist at a...
Tue, Jan 5 2010, 4:01 PM
The question we were looking to address when the new year began was: WERE HIGHER RATES IN DECEMBER A FUNCTION OF SEASONAL INFLUENCES or DID THE 'BIG P...
Tue, Jan 5 2010, 3:42 PM
While economists have pronounced that the recession is over, the Q3 MBA Databook still sees signs of distress in the commercial real estate market inc...
Tue, Jan 5 2010, 2:39 PM
Reports from fellow mortgage professionals do indicate lender rate sheets to be improved from yesterday. The par 30 year conventional rate mortgage ha...
Mon, Jan 4 2010, 10:35 AM
Mon, Jan 4 2010, 10:21 AM
Wise managers know their firm's most valuable asset gets up and goes home everyday. I believe this applies to the industry as a whole. The housing ind...
Mon, Jan 4 2010, 9:25 AM
FHA Fee Capped Removed; Treasury Crosses $2 Trillion in Debt Sales; Pipeline Control Tactics; Updates from GMAC, UBOC, USB, Caliber, and Alerus
Mon, Jan 4 2010, 8:22 AM
“Regulatory and supervisory policies, rather than monetary policies, would have been more effective means of addressing the run-up in house prices . ....
Mon, Jan 4 2010, 3:58 PM
Bank of America was the leading underwriter of U.S. mortgaged-backed securities, underwriting 63 issues or 17.5 percent of the total market. Bank of ...
Mon, Jan 4 2010, 1:56 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 5.00 to 5.25% range for well qualified c...
Thu, Dec 31 2009, 12:12 PM
Thu, Dec 31 2009, 11:25 AM
Mortgage rates improved for the first time in six sessions yesterday as mortgage backed securities price appreciations early in the day allowed lender...
Thu, Dec 31 2009, 9:33 AM
Rates sold off following the release of jobless claims (which I need to dig deeper into). While many will take this data as an indication of good thin...
Thu, Dec 31 2009, 8:26 AM
It’s the final day of the decade and the S&P 500 and Dow each are likely to close the year with their biggest annual percentage gains in five years, t...
Thu, Dec 31 2009, 2:30 PM
Wed, Dec 30 2009, 12:45 PM
The six day streak of rising mortgage rates finally stalled out yesterday! Although mortgages started yesterday on a negative note, mortgage-backed se...
Wed, Dec 30 2009, 10:57 AM
In the mortgage market, yesterday's late afternoon rally has extended over into today' session. "Rate sheet influential" MBS prices are have ventured ...
Wed, Dec 30 2009, 9:49 AM
Wells Fargo Watching Renegotiated Home Sale Prices; RESPA Influence: Flagstar Shortens Loan Delivery Period; VA IRRRL Update
Wed, Dec 30 2009, 8:24 AM
Six days of equity gains came to a halt yesterday but the losses were trivial as the Dow slipped 0.02% and the S&P 500 fell 0.14%. This morning, howev...
Wed, Dec 30 2009, 4:56 PM
Wed, Dec 30 2009, 1:05 PM
The Treasury has successfully auctioned $32 billion 7 year notes. As always, we expect volatility post-auction. After profit-taking weakened MBS this...
Tue, Dec 29 2009, 12:52 PM
In August, 17 of 20 cities reported month over month appreciations. In September 10 out of 20 cities reported month over month improvements. In Octobe...
Tue, Dec 29 2009, 12:10 PM
Reports from fellow mortgage professionals indicate mortgage rates to be similar to yesterday’s. The par 30 year conventional rate mortgage remains i...
Tue, Dec 29 2009, 10:09 AM
Lots of Investor Updates; YSP & HVCC Chatter; GSE Portfolio Size; Florida Broker Applications Skyrocket
Tue, Dec 29 2009, 9:41 AM
The S&P/Case-Shiller Home Price Index has been released. The 20 city home price index was +0.00% in October. Worse than estimates of +0.2%.On a year o...
Tue, Dec 29 2009, 8:35 AM
The holiday rally is extending as equities look to continue climbing for a seventh consecutive day. One hours before the open, S&P 500 futures are up ...
Tue, Dec 29 2009, 4:32 PM
Tue, Dec 29 2009, 1:07 PM
Mon, Dec 28 2009, 12:46 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage has risen to the 5.00% to 5.25% range for well qualifie...
Mon, Dec 28 2009, 10:47 AM
GSEs Gain Federal Support; MGIC Sued by BoA; Buffet to Buy ResCap? News from Chase, Wells, BofA, UBOC
