Fri, Dec 4 2009, 9:39 AM
Hope you locked yesterday! Keeping pipelines clean; news from MGIC, Wells, Comerica, HUD
Fri, Dec 4 2009, 8:29 AM
Rates are higher after the data....After coming to a rest directly in the middle of the range ahead of the data, the 10yr is now testing the upper lim...
Fri, Dec 4 2009, 7:49 AM
Equity futures are often flat or in decline before the monthly of release of the unemployment rate and the pace of job losses, but ahead of the Novemb...
Fri, Dec 4 2009, 3:29 PM
We are sticking with our strategy heading into year end. PLAY THE RANGE UNTIL THE RANGE PLAYS YOU.
Fri, Dec 4 2009, 1:09 PM
U.S. mortgage insurers are likely to reject as much as $4 billion in claims by lenders over the next few years as they get more aggressive in pushing ...
Thu, Dec 3 2009, 12:36 PM
if productivity remains at these high levels and demand (output) does not increase , businesses will have less incentive to hire new labor. Given the ...
Thu, Dec 3 2009, 12:03 PM
Tomorrow we get the most important economic report, the Employment Situation. If this data indicates fewer job losses than expected, mortgage rates ...
Thu, Dec 3 2009, 11:34 AM
Thu, Dec 3 2009, 10:03 AM
BofA & TARP; Possible FHA changes; HAFA; a primer on Jobless Claims & Unemployment
Thu, Dec 3 2009, 8:32 AM
RATES ARE MOVING HIGHER IN A HURRY THIS MORNING. The 10yr TSY note is -0-19 at 99-30 yielding 3.384%...This is a function of the market finding it's w...
Thu, Dec 3 2009, 8:27 AM
Investor sentiment was given a boost after the closing bell yesterday when Bank of America announced it will be paying back $45 billion in TARP funds....
Thu, Dec 3 2009, 3:57 PM
The market found a comfort level, where it had last accepted price levels based on strategies and biases not not influenced by an outlier event...more...
Thu, Dec 3 2009, 3:02 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the four trading days between November 27 ...
Thu, Dec 3 2009, 2:10 PM
For the better part of the day MBS have been confined in a range between 101-25 and 101-28. Except for a brief foray to 101-29, this trend goes all t...
Wed, Dec 2 2009, 12:37 PM
In this week's release, which reported on the holiday shortened week ending November 27, new loan application activity increased 2.1%. The refinance i...
Wed, Dec 2 2009, 12:27 PM
Reports from fellow mortgage professionals indicate lender rate sheets are worse this morning. The par 30 year conventional rate mortgage has risen t...
Wed, Dec 2 2009, 11:33 AM
Wed, Dec 2 2009, 10:06 AM
RESPA sites; Lend America gone, AmTrust Mortgage still going; conjecture on the Fed & commerical mortgages
Wed, Dec 2 2009, 9:16 AM
We continue to remind of the importance of THE RANGE. The recent rise in rates adds further evidence that the market is more comfortable trading THE R...
Wed, Dec 2 2009, 8:26 AM
Equity futures are looking down ahead of key labor data for the month and the Federal Reserve’s latest assessment of the economy. Two hours before the...
Wed, Dec 2 2009, 3:59 PM
While last Friday's MBS valuation weakness extended all the way into the first half of today's trading session...buyers finally emerged this afternoon...
Wed, Dec 2 2009, 1:56 PM
The FHA is taking steps to tighten its lending standards through measures that will impact both borrowers and lenders according to remarks made to con...
Tue, Dec 1 2009, 12:28 PM
FHA Imposes Penalties on Lend America; AmTrust Bank BK; Investor Updates: BoA,Suntrust, Flagstar, Wells
Tue, Dec 1 2009, 12:26 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 4.50% to 4.75% range for well qualified ...
Tue, Dec 1 2009, 12:15 PM
The 10yr TSY note is now testing 3.26 and "rate sheet influential" prices just hit a new intraday low.We have already seen a few reprices for the wor...
Tue, Dec 1 2009, 11:18 AM
Tue, Dec 1 2009, 10:31 AM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 3.7 percent to 114.1 from 110.0 in September...
Tue, Dec 1 2009, 10:01 AM
Construction spending in October was estimated at a seasonally adjusted annual rate of $910.8 billion, nearly the same as the sharply revised for the ...
Tue, Dec 1 2009, 8:21 AM
As of 7:15, equities are firmly higher. The Dow looks to open 76 points higher at 10,410 while futures on the S&P 500 are up 8.75 points to 1,104. Spo...
Tue, Dec 1 2009, 3:11 PM
Mortgages are finding it difficult to maintain support as th 10yr tests the all important 3.27% pivot point. The long end of the yield curve is taking...
Mon, Nov 30 2009, 12:52 PM
Early reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage is holding in the 4.50% to 4.75% range for well q...
Mon, Nov 30 2009, 12:29 PM
The Federal Housing Administration is moving to reduce risks to its single-family insurance fund. Today it introduced proposed new rules that include...
Mon, Nov 30 2009, 11:46 AM
The FN 4.0 is -0-01 at 100-09 yielding 3.98% and the FN 4.5 is currently +0-00 at 102-16 yielding 4.198%. The secondary mortgage market current coupon...
Mon, Nov 30 2009, 9:38 AM
Deutsche Bank & BNP Paribas vs. BofA; Dubai's woes help our rates; FHA & Fannie chatter
Mon, Nov 30 2009, 8:40 AM
Mon, Nov 30 2009, 8:37 AM
Across the board investors are worried. Equities are down, Treasuries are soft, crude oil is flat, the dollar is weaker and even gold is in sell-off.
...
Mon, Nov 30 2009, 5:08 PM
Mon, Nov 30 2009, 2:38 PM
The Treasury Department is reportedly going to announce plans to move more aggressively against servicers and lenders who fail to move borrowers out o...
Mon, Nov 30 2009, 2:32 PM
Fri, Nov 27 2009, 11:15 AM
The big news this morning comes out of Dubai, which announced they were not going to be able to honor their debt repayment schedule. They are asking ...
Fri, Nov 27 2009, 10:53 AM
Fri, Nov 27 2009, 8:59 AM
he bond market is benefiting from a flight to safety rally after Dubai's Supreme Fiscal Committee announced they would ask creditors of Dubai World, t...
Fri, Nov 27 2009, 3:38 PM
Lenders will find it more and more difficult to offload loan paper originated below 4.50%. The volatile duration of 4.0 MBS coupons adds an extra help...
