Tue, Apr 20 2010, 12:20 PM
Fannie Mae: "We believe that the recent pickup in mortgage rates will not be sustained. Our view on mortgage rates is little changed from the previous...
Tue, Apr 20 2010, 10:22 AM
We need regulation, but we need it to be implemented with careful consideration from the people who operate in the real life environment. We need ope...
Tue, Apr 20 2010, 8:17 AM
Equity futures are pointing higher this morning after Goldman Sachs clobbered earnings expectations for the first quarter. The controversial Wall Stre...
Mon, Apr 19 2010, 11:31 AM
Robert E. Story, Jr., Chairman of the Mortgage Bankers Association (MBA) told Congress last week that servicers administering government foreclosure p...
Mon, Apr 19 2010, 8:36 AM
With little economic data released until Thursday this week, investor attention should remain focused on first-quarter earnings releases, plus continu...
Fri, Apr 16 2010, 11:09 AM
Goldman Sachs built a mortgage-backed security that was designed to implode in a manner that Paulson & Co. (Not Hank Paulson) could profit from by sh...
Fri, Apr 16 2010, 11:06 AM
"Reform is coming," according to a Treasury Department official who spoke this week to the National Policy Conference 2010 held by the Mortgage Banker...
Fri, Apr 16 2010, 8:22 AM
US equities have been rising for the past six trading days, but even though first-quarter earnings continue to roll in with positive results, the futu...
Fri, Apr 16 2010, 1:29 PM
Building permits are on the rise from record low levels, but builders are not using them, housing starts are essentially stagnant.Isn't that a good th...
Thu, Apr 15 2010, 10:59 AM
Bank representatives speaking to the House Financial Services Committee addressed the problem of second mortgages and boasted of the efforts their ins...
Thu, Apr 15 2010, 8:21 AM
After hitting fresh 52-week highs across the board yesterday, US equities are looking to open slightly lower this morning ahead of a packed schedule. ...
Thu, Apr 15 2010, 3:02 PM
RealtyTrac is reporting that foreclosure rates for both the first quarter of 2010 and for March were up significantly. However, the increase came in ...
Thu, Apr 15 2010, 2:31 PM
Permanent loan modifications through the Making Home Affordable Program increased by over 60,000 in March even as the rate of new entries into the pro...
Wed, Apr 14 2010, 11:32 AM
Representatives of four of the nation's largest mortgage lenders and servicers testified before the House Financial Services Committee yesterday on "S...
Wed, Apr 14 2010, 8:15 AM
Applications for government mortgages dropped substantially last week, following the implementation of an increase in FHA mortgage insurance premiums,...
Wed, Apr 14 2010, 8:13 AM
A busy schedule of data and speakers from the Federal Reserve awaits investors today. Key data include retail sales and the consumer price index an ho...
Wed, Apr 14 2010, 6:32 PM
The Obama Administration today released questions for public comment on the future of the housing finance system, including Fannie Mae and Freddie Mac...
Tue, Apr 13 2010, 8:04 AM
After three days of gains, US equities are looking to start lower on Tuesday ahead of trade balance data for February. The caution is partly attribute...
Tue, Apr 13 2010, 4:26 PM
Hearings on Subprime Lending and Securitization and Government-Sponsored Enterprises," were conducted last week by the Financial Crisis Inquiry Commis...
Mon, Apr 12 2010, 11:17 AM
The Special Inspector General for the HAMP program concludes its report to Secretary Geithner with a series of recommendations including a restatement...
Mon, Apr 12 2010, 8:33 AM
Although Monday begins the week on a slow note in terms of fresh data, the rest of the week is packed with housing data, retail sales, industrial prod...
Fri, Apr 9 2010, 11:10 AM
Sales of bank-owned properties and short sales as a percentage of all existing home sold are again nearing the record levels set last Spring according...
Fri, Apr 9 2010, 8:38 AM
The week ends with a very quiet day, at least in terms of data. Ahead of wholesale inventories, the dollar is weaker and equities are trading higher, ...
Fri, Apr 9 2010, 4:48 PM
Starting on Monday, because the April coupon has already entered into settlement, MBS investors will have to wait until May 1 to see their funds start...
Thu, Apr 8 2010, 11:46 AM
An MBA funding study has documented that the recession and its accompanying unemployment is adversely affecting the formation of new households. Chil...
Thu, Apr 8 2010, 8:23 AM
In the footsteps of weak global markets, US equity futures are sharply lower this morning, further subtracting from yesterday’s losses. “Across-the-bo...
Wed, Apr 7 2010, 12:54 PM
The National Association of Realtors is reporting that sales of vacation homes rose at a greater rate than overall home sales in 2009. Investment-hom...
Wed, Apr 7 2010, 10:54 AM
Refinance application volume dropped as mortgage rates reached their highest level since August 2009. Purchase volume was essentially unchanged relat...
Wed, Apr 7 2010, 9:58 AM
Production profits among independent mortgage bankers and their subsidiaries dipped slightly during the fourth quarter of 2009 according to survey res...
Wed, Apr 7 2010, 8:30 AM
Stock markets are soft and bonds are better bid ahead of afternoon speeches by Federal Reserve Chairman Ben Bernanke and the lone FOMC dissenter Tom H...
Wed, Apr 7 2010, 3:25 PM
"Today the financial crisis looks to be mostly behind us, and the economy seems to have stabilized and is beginning to grow again. But we are far from...
Tue, Apr 6 2010, 10:32 AM
Negative equity, high back-end ratios, and the existence of second liens are just a few of the problems the Solicitor General reports may impede the s...
Tue, Apr 6 2010, 8:22 AM
The dollar is stronger but equity futures and commodity prices are each trading lower. The economic docket is empty this morning but in the afternoon ...
Tue, Apr 6 2010, 2:23 PM
Consumers are still committed to owning a home, but are showing increased cautiousness, regardless of whether they rent, own their homes outright or h...
Mon, Apr 5 2010, 8:34 AM
The Dow closed last Thursday at an 18-month high, and with equity investors now able to react to Friday’s nonfarm payrolls report, the market should o...
Mon, Apr 5 2010, 1:42 PM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90...
Fri, Apr 2 2010, 11:13 AM
The Inspector General in charge of monitoring the TARP program has issued the first in a series of audits of the HAMP program. The report finds that ...
Fri, Apr 2 2010, 8:19 AM
After months of waiting for the Employment Report to indicate labor growth in the economy, it looks like it will finally happen … on a day when equity...
Thu, Apr 1 2010, 11:11 AM
Total construction spending fell for a fourth straight month in February to the slowest pace since November 2002. While I do not doubt that constructi...
Thu, Apr 1 2010, 10:54 AM
Freddie Mac's February Volume Summary, released on Thursday, shows that the value of both the corporations total portfolio and its investments portfol...
Thu, Apr 1 2010, 8:17 AM
On the first day of Q2 2010, equity futures in the US are looking for a sharply higher open after investor sentiment was boosted by positive data in A...
Thu, Apr 1 2010, 4:49 PM
The goal of the Federal Reserve's agency MBS program was to provide support to mortgage and housing markets and to foster improved conditions in finan...
Wed, Mar 31 2010, 11:29 AM
The Department of Housing and Urban Development has announced over $49 million in grants to state level public housing agencies to use in an ongoing p...
Wed, Mar 31 2010, 10:40 AM
Fannie Mae's mortgage investment portfolio shrank for the second straight month in February. This will not last much longer though. On Februrary 10, ...
Wed, Mar 31 2010, 7:53 AM
Markets are flat to roughly lower as cautious investors await the results of the ADP private employment report and a key index of the services and man...
Wed, Mar 31 2010, 7:27 AM
The reality of a purchase driven housing market is setting in as the refinance index failed to make much progress in Q1 2010 even as mortgage rates he...
Tue, Mar 30 2010, 8:26 AM
After volatile trading that ended positive yesterday, markets are looking for further gains this morning ahead of key housing data. 90 minutes before ...
Tue, Mar 30 2010, 4:44 PM
David M.Blitzer, Chairman of the Index Committee at Standard & Poor’s, communicated the findings of the report quite well. “The report is mixed. While...
Mon, Mar 29 2010, 8:21 AM
90 minutes before the opening bell sounds to begin a holiday-shortened week, equity futures are sharply upwards. The Dow looks to open 52 points highe...
Mon, Mar 29 2010, 3:58 PM
Today, adding to the first Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (the "HFA Hardest Hit Fund"), the Obama Administ...
