Fri, May 14 2010, 8:25 AM
Equity futures are sharply lower this morning ahead of several key data points for the U.S. “The whiff of uncertainty is still in the air on this Frid...
Thu, May 13 2010, 11:47 AM
Foreclosure activity in April dipped from earlier monthly and yearly figures. A dramatic drop in initial filings and surge in bank repossessions may ...
Thu, May 13 2010, 9:33 AM
HUD Secretary Shawn Donovan told his staff on Wednesday that the agency's new strategic plan and its five associated goals will serve to carry the age...
Thu, May 13 2010, 8:11 AM
Equity futures suggest sentiment is mixed ahead of the open on Thursday after a broad and steady climb in the markets yesterday pushed the S&P 500 up ...
Thu, May 13 2010, 3:24 PM
In another move to smooth the flow of information and improve the rate of temporary to permanent loan modifications, HUD has opened a new web port to ...
Wed, May 12 2010, 10:57 AM
The removal of government funded homebuyer incentives is forcing loan originators, realtors, and builders to produce new promotion strategies and mode...
Wed, May 12 2010, 8:49 AM
The global stock market is relatively benign this morning, and domestic stocks look to open firmer, after Euro zone Q1 GDP rose 0.2% in the quarter, s...
Wed, May 12 2010, 3:17 PM
The Acting Director of FHFA told a senate committee on Monday that forcing the GSEs and FHLBanks to participate in the proposed Financial Recovery Fee...
Tue, May 11 2010, 12:43 PM
Michael Fratantoni, MBA's Vice President of Research and Economics added, "The severity and duration of the most recent downturn far exceeds what we h...
Tue, May 11 2010, 8:10 AM
The broad stock market rally from yesterday appears to have fizzled out this morning, as equity futures are looking sharply lower ahead of a quiet dat...
Tue, May 11 2010, 4:27 PM
While sales were down from the tax-credit fueled pace of Q4, the National Association of Realtors' latest sales survey shows an increase of median hom...
Mon, May 10 2010, 12:48 PM
Fannie Mae has reported First Quarter 2010 Earnings Results. The government-sponsored enterprise, lost $11.5 billion in the first quarter compared wit...
Mon, May 10 2010, 11:15 AM
Fannie Mae's Book of Business increased substantially in March, reflecting the purchase of delinquent loans from MBS trusts that have not yet be liqui...
Mon, May 10 2010, 8:41 AM
Stocks are trading much higher overseas and equity futures look to open sharply higher in the US as global support for the European debt problem grew ...
Fri, May 7 2010, 8:08 AM
After an insane day in the stock market yesterday, which saw the Dow fall by nearly 1,000 points, or 9.2%, before rebounding and closing with a loss o...
Fri, May 7 2010, 1:28 PM
A Federal Reserve Bank of Atlanta working paper examines the relationship between financial literacy and subprime mortgage delinquencies. They found ...
Thu, May 6 2010, 7:53 AM
Volatility in the US stock market hit a three-month high yesterday as the benchmark S&P 500 has shed 3% in the past two trading days. Equity futures h...
Thu, May 6 2010, 2:29 PM
After three quarters in which it managed to be more or less self-sufficient, Freddie Mac released its financial reports for the first quarter of 2010 ...
Wed, May 5 2010, 11:28 AM
"Purchase application activity continued to increase in the last week of the homebuyer tax credit program, driven by significant increases in both co...
Wed, May 5 2010, 8:15 AM
US equities look to open lower as bad news from Europe continues to dominate the headlines. The latest is that European Central Bank council member Ax...
Wed, May 5 2010, 5:00 PM
What a day. What a week. What a month. Much as happened recently to distract the bond market from it's core strategic motivations. I think we need t...
Tue, May 4 2010, 10:05 AM
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season. The Pending Home Sal...
Tue, May 4 2010, 8:11 AM
European concerns won’t go away. Investors remain focused on the Greek rescue package and what it means for the rest of the Eurozone, and that’s setti...
Tue, May 4 2010, 1:19 PM
The April Senior Loan Officers Survey conducted by the Federal Reserve revealed that most of the banks surveyed are holding steady on loan standards a...
Mon, May 3 2010, 10:49 AM
Homebuilders involved in remodeling are increasingly encouraged about present and future market conditions according to the most recent date released ...
Mon, May 3 2010, 8:24 AM
Overseas stock markets are mostly in the red this morning, but equity futures at home are pointing to a strong open head of spending, manufacturing, a...
Mon, May 3 2010, 2:21 PM
According to the Monthly Volume Summary issued by Freddie Mac, the mortgage related investment portfolio skyrocketed, increasing by an annualized rate...
Fri, Apr 30 2010, 11:29 AM
All of the top 20 metropolitan areas in terms of foreclosure activity are located in only four states according to a report released today by RealtyTr...
Fri, Apr 30 2010, 8:19 AM
Equity futures are modestly higher this morning as investors anticipate the latest developments from Greece as well as three key domestic data release...
Thu, Apr 29 2010, 8:16 AM
Stocks continue to inch upwards this morning as European concerns ease. The Fed’s commitment yesterday to keep monetary policy at “exceptionally low l...
Thu, Apr 29 2010, 4:33 PM
Treasury Secretary Geithner today appeared before the Senate Financial Services and General Govt. Subcommittee. He made the following statement: "I w...
Thu, Apr 29 2010, 4:24 PM
The House Financial Services Committee approved a request by the Federal Housing Administration (FHA) to raise the ceiling on annual FHA mortgage insu...
Wed, Apr 28 2010, 8:11 AM
Stock futures are recovering a portion of yesterday's losses this morning after a sharp sell-off in the final hour of trading Tuesday. No major econom...
Wed, Apr 28 2010, 3:26 PM
No surprises in this data. Purchase apps continue to trend higher as the April 30th tax credit deadline fast approaches. Slowly falling refinance dema...
Wed, Apr 28 2010, 2:24 PM
As expected, the Fed made no mention of selling their mortgage-backed securities portfolio, the "extended period" verbiage was left in place, and inf...
Tue, Apr 27 2010, 11:06 AM
While this release seems scary, I must remind that this report covers FEBRUARY and existing home sales and new home sales were first seen rising in MA...
Tue, Apr 27 2010, 8:23 AM
Stock futures are off this morning as the Federal Reserve prepares to begin its two-day monetary policy meeting and Goldman Sachs readies for a Senate...
Tue, Apr 27 2010, 2:56 PM
Fannie Mae is extending the incentives offered to purchasers of its HomePath REO properties for an additional 50 days beyond the original deadline. T...
Mon, Apr 26 2010, 10:26 AM
"FHA IS THE WAY" has been the motto of many a mortgage banker and broker since the collapse of the secondary mortgage market in 2007. The attached ch...
Mon, Apr 26 2010, 8:38 AM
Stock markets are looking to open the final week of April looking up after the benchmark S&P 500 added 2.1% last week.
Positive earnings results we...
Mon, Apr 26 2010, 3:47 PM
While vacancy rates are appearing to moderate, home ownership in the U.S. has declined to a level last seen at the beginning of the decade according t...
Fri, Apr 23 2010, 11:04 AM
Sales of new single-family houses in March 2010 were at a seasonally adjusted annual rate of 411,000. This is 26.9 percent (±21.1%) above the revised ...
Fri, Apr 23 2010, 9:54 AM
Freddie Mac announced on Thursday that servicers will soon be required to submit all requests for reimbursements through a web based system that will ...
Fri, Apr 23 2010, 8:13 AM
As European equities climb higher on Friday, the US stock market is looking to open on a positive note following a late rally yesterday. Dow futures a...
Fri, Apr 23 2010, 2:54 PM
The House Financial Services Committee has voted unanimously to extend USDA home loan guarantees and to make the program self-finding. The full House...
Thu, Apr 22 2010, 11:25 AM
Expiration of the home buyers' tax credit and looming premium increases were probably behind a dramatic 68 percent increase in FHA mortgage applicati...
Thu, Apr 22 2010, 8:31 AM
Stocks fell across Europe and Asia fell Thursday after Greece revealed that its 2009 deficit was a worse than anticipated 13.6% of GDP, against expect...
Thu, Apr 22 2010, 1:42 PM
The NAR's comments sum up the month best: “The home buyer tax credit has been a resounding success as these underlying trends point to a broad stabili...
Wed, Apr 21 2010, 10:25 AM
Besides the pool of potential homebuyers who might be waiting for the tax credit to expire (in hopes of home prices falling further as a portion of de...
Wed, Apr 21 2010, 8:09 AM
Ahead of earnings statements from Wells Fargo and Morgan Stanley, equity futures are soft this morning while commodity prices are modestly higher.
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