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...
Fri, Dec 11 2009, 3:27 PM
Fri, Dec 11 2009, 1:53 PM
A weaker bond market moved most mortgage loan rates higher for the week. With the exception of the longer term fixed rate mortgages, most of the inc...
Fri, Dec 11 2009, 1:43 PM
In a win for the banking industry, the U.S. House of Representatives voted on Friday to reject a measure that would have allowed bankruptcy judges to ...
Fri, Dec 11 2009, 1:33 PM
Thu, Dec 10 2009, 11:59 AM
The Treasury will announce the auction results of the $13 billion long bond reopening at 1pm. Yesterday's weak 10yr auction implies one of two things ...
Thu, Dec 10 2009, 11:09 AM
GEITHNER ON THE EXTENSION OF TARP AND MITIGATING FORECLOSURES: "I notified Congress that I extended the temporary authority provided to me under EESA ...
Thu, Dec 10 2009, 9:53 AM
Projected Fed Funds Rates; Mortgage Companies Expanding; News from BofA, GMAC, Freddie, USB, Flagstar
Thu, Dec 10 2009, 9:48 AM
Foreclosure activity in November was down nationwide according to a report issued today by RealtyTrac. This is the fourth straight month that such ac...
Thu, Dec 10 2009, 8:31 AM
After moving higher overnight, mostly at the start of the London trading session, "rate sheet influential" benchmark rates ticked up a few bps and the...
Thu, Dec 10 2009, 8:18 AM
Ahead of weekly labor data and the monthly trade balance equity futures are pointing higher.
Dow futures up 29 points to 10,359 and S&P 500 Futures...
Thu, Dec 10 2009, 5:17 PM
November figures for the Treasury Department's Making Home Affordable Program show that a disappointing 4.3 percent of borrowers enrolled in the progr...
Thu, Dec 10 2009, 5:00 PM
Thu, Dec 10 2009, 4:55 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between December 3 a...
Thu, Dec 10 2009, 3:34 PM
In what could provide a boost to consumer confidence, the Federal Reserve reported on Thursday that the net worth of U.S. households rose 5 percent. ...
Thu, Dec 10 2009, 3:14 PM
To lock or float, that is the question.
In previous months, Treasury yields and mortgage rates have risen prior to bond auctions, however following...
Thu, Dec 10 2009, 2:48 PM
Thu, Dec 10 2009, 1:51 PM
The voice of mortgage originators was broadcast loud and clear by Federal Reserve Governor Elizabeth Duke today. Speaking at the Mortgage Foreclosure ...
Thu, Dec 10 2009, 1:04 PM
JUST LIKE YESTERDAY, THIS AUCTION WAS NOT MET WITH STRONG DEMAND.....something many were expecting, thus rates have barely budged.
Wed, Dec 9 2009, 12:41 PM
"Rate sheet influential" MBS prices plummeted after the auction results. "Rate sheet influential" MBS prices plummeted after the auction results.
Wed, Dec 9 2009, 12:13 PM
Federal Reserve Governor Duke says the downturn in housing has affected communities in many ways, but the effects were largely related to the underlyi...
Wed, Dec 9 2009, 12:06 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be slightly worse than yesterday. While rate sheet rebate is weaker today, t...
Wed, Dec 9 2009, 11:03 AM
As we've seen so often, markets tend to trade along pre-existing ranges toward some sort of inflection point. An oversimplified way to think about th...
Wed, Dec 9 2009, 10:15 AM
This week's report indicated an increase in demand for new mortgage loans. The Market Composite Index rose 8.5%, the purchase index was 4.0% higher, a...
Wed, Dec 9 2009, 10:05 AM
Wells Requiring MERS Registration; Citi's Ineligible Appraiser Monitor; Flagstar & 2-4 Unit Caps, USB, AgFirst - Lots of Updates to Report
Wed, Dec 9 2009, 8:39 AM
101-30 provided support yesterday, something we expect to continue unless the 10yr trades above 3.42%...or.....if the lack of MBS liquidity that set i...
Wed, Dec 9 2009, 8:33 AM
Equities shed 1% yesterday on heightened debt concerns following a Moody’s report voicing worry over the growing debt in the UK and the US. One hour ...
Tue, Dec 8 2009, 11:07 AM
Short-term and long-term charts are telling two decidedly different stories today. If one were to look only at the short-term chart, we would indeed ...
Tue, Dec 8 2009, 10:39 AM
Reports from fellow mortgage professionals indicate improved mortgage rates this morning. The par 30 year conventional mortgage rate has fallen overn...
Tue, Dec 8 2009, 10:04 AM
Citi to Pay Back TARP? New Century vs. SEC; Equitable Trust Suspended; Flagstar, Wells, FAMC Updates
Tue, Dec 8 2009, 9:00 AM
Rate sheet influential MBS coupons are starting out the session in FACEMELTING status. The FN 4.0 is +0-18 at 99-23 yielding 4.035% and the FN 4.5 is ...
Tue, Dec 8 2009, 8:53 AM
Less than an hour before the opening bell, futures on the S&P 500 are down 10 points to 1,103 and the 10 year Treasury note is up 14/32 yielding 3.373...
Tue, Dec 8 2009, 5:33 PM
Taking things one day at a time, we'd have to point out that we're once again closing over 102-00... For any you're floating into tomorrow, pay close...
Tue, Dec 8 2009, 5:32 PM
In written remarks to the House Financial Services Committee, Assistant Treasury Secretary Herbert Allison expressed disappointment in the progress of...
Tue, Dec 8 2009, 4:04 PM
Heading into 5pm "going out" marks, trading flows in the agency MBS market are few and far between. The FN 4.0 is+0-04 at 99-09 yielding 4.099%. The F...
Tue, Dec 8 2009, 2:02 PM
As benchmark TSY rates re-test higher yield levels, trading flows in the TBA MBS market have fizzled out. We went from every offer getting lifted to d...
Mon, Dec 7 2009, 11:32 AM
In an orderly sell off, traders test individual price levels to determine what the market is willing to accept/not accept. This "probing" combined wi...
Mon, Dec 7 2009, 9:46 AM
AmTrust stops taking locks; news from Freddie & SunTrust; rates quiet
Mon, Dec 7 2009, 8:35 AM
After moving outside the range in holiday trading conditions in the week before, rates backed-up in a hurry last week as traders took profits, unwound...
Mon, Dec 7 2009, 8:22 AM
The relatively slow week ahead should give financial markets plenty of time to digest Friday’s employment news, which saw the nation’s unemployment ra...
Mon, Dec 7 2009, 4:51 PM
The Securities and Exchange Commission has charged three former executives of the bankrupt New Century Mortgage with fraud in connection with their ac...
Mon, Dec 7 2009, 3:39 PM
Looks like consumers are leaning on their credit cards again....In October, consumers reduced outstanding debt by $3.5 billion, much less than the $9....
Mon, Dec 7 2009, 2:34 PM
The Mortgage Bankers Association is reporting that delinquencies in commercial loan portfolios rose during the third quarter. Increases were noted in...
Mon, Dec 7 2009, 1:48 PM
Bottom line: everybody is fond of saying that lenders will take away faster than they give it back and it's very likely that Friday was no exception f...
