Thu, Dec 17 2009, 10:02 AM
RESPA, RESPA, RESPA; Chase expanding; news from Citi, GMAC; rates head back down
Thu, Dec 17 2009, 9:11 AM
Yields are lower this morning following a worse than expected read on the labor market. This is most likely a function of SHORT COVERING after the dat...
Thu, Dec 17 2009, 8:24 AM
Economic activity is picking up and deterioration in the labor market is abating, the Federal Reserve noted yesterday as it kept interest rates at his...
Thu, Dec 17 2009, 5:32 PM
Thu, Dec 17 2009, 4:08 PM
Both benchmark Treasuries and "rate sheet influential" MBS coupons fared well today, albeit in light volume but that is neither here nor there if you ...
Thu, Dec 17 2009, 4:07 PM
The Mortgage Bankers Association is reporting that independent mortgage banks and subsidiaries saw a substantial decline in profit margins in the thir...
Thu, Dec 17 2009, 4:01 PM
Interest rates as reported by both Freddie Mac and Fannie Mae increased during the week recently ended. A Freddie Mac spokesman attributed the increa...
Thu, Dec 17 2009, 2:27 PM
Prior to yesterday's rule change, if the borrower understated his income by more than 25%, the servicer was required to re-qualify the borrower for a ...
Thu, Dec 17 2009, 2:04 PM
Thu, Dec 17 2009, 1:58 PM
I advised yesterday that if you are a risk taker that floating could pay off, well it did. At the open we saw better rate sheets and as the day has p...
Wed, Dec 16 2009, 12:46 PM
In the most recent release, new loan application activity increased 0.3 percent on a seasonally adjusted basis from the week ending December 4. The R...
Wed, Dec 16 2009, 12:37 PM
While it is widely accepted that the Fed will keep the current Fed Funds rate at 0 to .25%, many market participants are hoping for minor changes to t...
Wed, Dec 16 2009, 10:37 AM
I have been referring to "Real Money Buyers" on a consistent basis lately.
Heading into year end these "real money accounts" have been the most act...
Wed, Dec 16 2009, 10:00 AM
SAFE Act Update; Down Payment Assistance; Fannie & Freddie in the Future; Yield Curve Chatter
Wed, Dec 16 2009, 9:09 AM
NOV HOUSING STARTS +8.9 PCT VS OCT -10.1 PCT (PREV -10.6 PCT)
HOUSING STARTS 574,000 UNIT RATE (CONSENSUS 580,000) VS OCT 527,000 (PREV 529,000)
NOV...
Wed, Dec 16 2009, 8:31 AM
Consumer level inflation was "on the screws" while Building Permits were better than expected. 10s havent made much progress in either direction after...
Wed, Dec 16 2009, 8:21 AM
Another busy day awaits markets as the Federal Open Market Committee concludes its final monetary policy meeting of the decade.
Ahead of new Fed s...
Wed, Dec 16 2009, 5:10 PM
Wed, Dec 16 2009, 3:30 PM
Wed, Dec 16 2009, 2:58 PM
The FOMC's most meaningful tweak has been an upgrade to the labor market - "economic activity has continued to pick up and that the deterioration in t...
Wed, Dec 16 2009, 2:24 PM
The FOMC's most meaningful tweak has been an upgrade to the labor market - "economic activity has continued to pick up and that the deterioration in t...
Wed, Dec 16 2009, 1:16 PM
I do believe a Fed Statement that highlights SUBSTANTIAL RESOURCE SLACK and STILL WEAK INFLATIONARY PRESSURES will be beneficial to the bond market......
Tue, Dec 15 2009, 11:04 AM
10s have made a move to the 3.62% pivot point, if you recall both 3.57% and 3.62% were out targets following the Labor report bond market selloff. Tha...
Tue, Dec 15 2009, 10:24 AM
Wells Fargo Paying Back TARP; HAMP Resources; ARM Index Websites; HUD & Form 1004D
Tue, Dec 15 2009, 8:33 AM
Tue, Dec 15 2009, 8:14 AM
An extremely busy day awaits markets as the Federal Open Market Committee kicks off its last two-day meeting of the decade.
Two hours before the op...
Tue, Dec 15 2009, 5:50 PM
Lawmakers aiming to speed development of U.S. covered bonds on Tuesday positioned the securities as an alternative or supplement to mortgage funding p...
Tue, Dec 15 2009, 5:41 PM
Builders continue to have negative perceptions of the real estate market according to the December survey of builder attitudes conducted by the Nation...
Tue, Dec 15 2009, 5:34 PM
"No one knows what tomorrow's FOMC statement will contain, and no one knows how friendly or unfriendly to any given market it would need to be to gaug...
Tue, Dec 15 2009, 4:28 PM
At a time when the Fed's credibility is of the UTMOST importance, you would think that our policymakers wouldn't be trying to politicize monetary poli...
Tue, Dec 15 2009, 4:04 PM
A new survey conducted for Trulia.com and RealtyTrac show that Americans are generally unwilling to consider purchasing a home that has been foreclose...
Tue, Dec 15 2009, 4:01 PM
Tue, Dec 15 2009, 2:32 PM
Two better than expected economic headlines did not have a positive influence over the bond market. Following the release of PPI data, Treasury yields...
Tue, Dec 15 2009, 1:46 PM
Mon, Dec 14 2009, 12:03 PM
This is a normal occurrence ahead of FOMC meetings, especially in December when the majority of market professionals have their "window dressing" fund...
Mon, Dec 14 2009, 11:30 AM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 4.75% to 5.00% range for well qualified ...
Mon, Dec 14 2009, 10:01 AM
DU 8.0 Implemented; Citi & TARP payback; Fed Funds and Mortgage Rates; House Passes FIASCO
Mon, Dec 14 2009, 9:47 AM
The House of Representatives passed the Wall Street Reform and Consumer Protection Act Friday afternoon despite intense lobbying from financial firms....
Mon, Dec 14 2009, 8:28 AM
Looking to data this week, Monday and Friday have no data releases but the other three days are packed. Industrial production, housing starts, and inf...
Mon, Dec 14 2009, 8:09 AM
All in all, you will notice a somewhat bearish outlook for mortgage rates is embedded in the above commentary...ie a steeper yield curve and inflation...
Mon, Dec 14 2009, 5:18 PM
Mon, Dec 14 2009, 4:07 PM
Mon, Dec 14 2009, 3:22 PM
The most important factor driving recent declines in real estate market activity and increases in delinquencies and foreclosures has been the ongoing ...
Mon, Dec 14 2009, 1:39 PM
Fri, Dec 11 2009, 11:25 AM
Fri, Dec 11 2009, 9:52 AM
Backstop Needed for Mortgages; JP Morgan Could See More Losses on Home Equity Loans; News from GMAC, ING, Central Pacific, Union Bank
Fri, Dec 11 2009, 8:27 AM
After a slow week of economic data, market participants were treated to a better than expected read on November Retail Sales this morning.Led by a 6.0...
Fri, Dec 11 2009, 8:27 AM
It’s been a slow week in terms of data but the key release of the week, retail sales for November, finally comes out an hour before the opening bell. ...
Fri, Dec 11 2009, 6:29 PM
Mortgage rates moved higher today as MBS prices fell following two better than expected economic reports. The move lower in MBS prices forced lenders ...
Fri, Dec 11 2009, 5:04 PM
In exactly two weeks of trading, MBS have moved from all time highs on November 30th to 101-08 at close today, the same levels from the beginning of N...
