Thu, Mar 4 2010, 12:41 PM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8...
Thu, Mar 4 2010, 8:19 AM
The futures market is pretty quiet this morning as investors await the jobless claims report today and the month’s unemployment report tomorrow. Also ...
Thu, Mar 4 2010, 3:52 PM
In the week ending March 4, 2010, the Federal Reserve purchased a net total of $10.00 billion agency MBS. This $1 billion decline from the previous re...
Wed, Mar 3 2010, 8:07 AM
It’s a busy day ahead as investors will eye key data on the manufacturing industry and receive one of the top forecasting tools for the monthly employ...
Wed, Mar 3 2010, 4:06 PM
Lock desks got busy toward the end of last week as rates dipped and coverage on it picked up (at least on MND). We believe current mortgage rates are...
Wed, Mar 3 2010, 3:48 PM
Freddie Mac's Monthly Volume Summary shows that loan delinquencies continue to mount and now represent 4.04 percent of its total loans. At the same t...
Tue, Mar 2 2010, 8:14 AM
Relative to how busy this week is, Tuesday’s economic calendar is pretty slow. Aside from the weekly retail sales surveys, no major economic data will...
Mon, Mar 1 2010, 10:20 AM
Residential construction was at a seasonally adjusted annual rate of $260.8 billion in January, 1.3 percent above the revised December estimate of $25...
Mon, Mar 1 2010, 8:25 AM
Markets are optimistic ahead of another busy week of data. Equities are looking for a higher opening, commodities are mixed, the dollar is slightly up...
Mon, Mar 1 2010, 3:50 PM
The Federal Housing Finance Agency announced today that it Home Affordable Refinance Program will be extended until June 30, 2011. The program is aim...
Mon, Mar 1 2010, 3:23 PM
The U.S. Department of Housing and Urban Development, in partnership with the Loan Modification Scam Prevention Network, today announced the launch of...
Fri, Feb 26 2010, 11:53 AM
Freddie Mac (NYSE: FRE) announced today that on or about September 1, 2010, the company will cease purchasing and securitizing interest only mortgages...
Fri, Feb 26 2010, 11:47 AM
The acting head of FHFA told Congressional leadership that Fannie Mae and Freddie Mac will forgo new products to concentrate on its core businesses w...
Fri, Feb 26 2010, 8:18 AM
Since Monday the benchmark S&P 500 has tumbled 0.56% but with fresh data on housing, growth, manufacturing, and consumer sentiment all before Noon, th...
Fri, Feb 26 2010, 3:58 PM
If I was selling loans at the moment and I wanted to reduce secondary marketing 'leakage', I would take special note of the changes, updates, and guid...
Thu, Feb 25 2010, 10:59 AM
Today, during the Q&A session of his annual report to Congress, Chairman of the Federal Reserve Ben Bernanke said we are in "no-man's land" with Fanni...
Thu, Feb 25 2010, 8:28 AM
Investors are once again concerned about risk as Greece continues to make headlines. Equity futures are sharply lower and appear likely to erase a goo...
Thu, Feb 25 2010, 4:22 PM
In response to rising numbers of long-term unemployed, the Mortgage Brokers Association has proposed an addition to the HAMP program which would allow...
Thu, Feb 25 2010, 3:17 PM
Since the inception of the program in January 2009, the Fed has spent $1.21 trillion in the agency MBS market, or 96.5 percent of the allocated $1.25 ...
Thu, Feb 25 2010, 2:41 PM
Freddie Mac and Fannie Mae have released data on average interest rates over the most recent week. Both reported an increase in long term and fixed r...
Wed, Feb 24 2010, 12:58 PM
The National Association of Realtors has suggested a total reorganization of Freddie Mac and Fannie Mae, turning them into two non-profit government-c...
Wed, Feb 24 2010, 9:59 AM
The annual pace of New Home Sales fell to a new record low in January. This was the fourth consecutive month New Home Sales slid and the largest month...
Wed, Feb 24 2010, 8:06 AM
The market is roughly flat ahead of January housing data and testimony from Federal Reserve chairman Ben Bernanke.
90 minutes before the opening b...
Wed, Feb 24 2010, 3:22 PM
Freddie Mac release fourth quarter and 2009 year end financial reports today. Losses for the year were less than half that registered one year earlie...
Tue, Feb 23 2010, 9:00 AM
On a seasonally unadjusted basis, home prices in 20 U.S. cities fell 0.2% in December. Home prices are down 3.1% since last December. This met economi...
Tue, Feb 23 2010, 8:06 AM
Weak data in Europe has caused stocks to edge lower this morning while the US dollar surges. The market is anticipating second-tier retail sales figur...
Tue, Feb 23 2010, 6:26 PM
Stating that the nation's housing market has made significant progress toward stability during the past year, Secretary of Housing and Urban Developme...
Mon, Feb 22 2010, 8:30 AM
Global equities are mostly higher Monday including gains of more than 2% in Japan and Hong Kong. In Europe, where George Provopoulos, governor of the ...
Fri, Feb 19 2010, 8:29 AM
Global equity markets have reacted negatively to the Federal Reserve’s decision to hike the discount rate by 25 basis points to 0.75% after the closi...
Fri, Feb 19 2010, 5:35 PM
Total mortgage delinquency rates, seasonally adjusted, were down 17 basis points during the fourth quarter, but up year-over-year by 159 basis points....
Fri, Feb 19 2010, 4:55 PM
President Barack Obama announced today that the administration will pump $1.5 billion into programs to address housing problems in states with the hig...
Thu, Feb 18 2010, 8:36 AM
The US dollar is higher this morning but stocks are mixed before the bell. A number of key indexes on inflation, employment, and manufacturing will hi...
Thu, Feb 18 2010, 3:34 PM
Since the inception of the program in January 2009, the Fed has spent $1.19 trillion in the agency MBS market, or 95.59 percent of the allocated $1.25...
Thu, Feb 18 2010, 3:23 PM
Zillow, the Seattle-based company that collects data on home values throughout the country, has released results of it's homeowner confidence survey c...
Wed, Feb 17 2010, 10:11 AM
Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has beg...
Wed, Feb 17 2010, 8:31 AM
Stocks are looking for another positive open after the benchmark S&P 500 climbed 1.80% yesterday. One hour before the open, futures on the Dow are up ...
Wed, Feb 17 2010, 5:56 PM
The newest figures indicate more borrowers are emerging from trial loan modifications and signing permanent loan modification offers. As of the end of...
Tue, Feb 16 2010, 8:42 AM
Uncertainty remains as to whether Greece will resolve its debt issues, but markets around the globe were mostly higher Tuesday and the euro recovered ...
Tue, Feb 16 2010, 4:21 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today revealed that home builders are more optimistic...
Tue, Feb 16 2010, 3:58 PM
Noting that the Case Shiller/S&P Home Index had risen 3 percent since hitting its low in May of last year, today's report speculated that the increase...
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...
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, 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, 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...
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, 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, 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...
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, 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...
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...
