Fri, Feb 12 2010, 10:47 AM
Home Builders Preparing for Spring Buying Season; Hope for Mortgage Brokers; Continued GSE Discussion
Fri, Feb 12 2010, 9:05 AM
A three day weekend is ahead. This means traders will be doing position squaring a bit earlier than usual (getting flat) which implies the market coul...
Fri, Feb 12 2010, 8:21 AM
Stock futures are sharply lower this morning after strong gains yesterday. The negative turn is in part due to overseas news as the central bank in Ch...
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...
