Fri, Feb 5 2010, 8:14 AM
Equity futures are deep in the red this morning after substantial losses yesterday. The culprit continues to be European sovereign debt concerns in Gr...
Fri, Feb 5 2010, 4:49 PM
Sellers reacting to the depressed price of their houses appear to be holding back improvements in the housing market according to a survey by Thompson...
Thu, Feb 4 2010, 8:18 AM
Equity markets are in the red across the globe as investors become increasingly concerned that the Greek debt tragedy could spread to other countries ...
Thu, Feb 4 2010, 3:06 PM
In the week ending February 3, 2010, the Federal Reserve purchased a total of $17.63 billion agency MBS. In those five days the Federal Reserve sold $...
Thu, Feb 4 2010, 1:03 PM
Mortgage rates rose slightly during the past week according to information released today by both Freddie Mac and Fannie Mae. Only the one-year ARM re...
Wed, Feb 3 2010, 8:14 AM
Equity futures are mixed after a steady incline yesterday pushed the Dow and S&P 500 up 1.09% and 1.30%, respectively. 90 minutes before the opening b...
Wed, Feb 3 2010, 1:04 PM
Because the Employment Situation Report is so influential in the marketplace, it is also a source of great speculation. One source that provides a hin...
Tue, Feb 2 2010, 10:16 AM
Economists were expecting to see a small rebound in December Pending Homes Sales following a 16.4% decline in November, they got exactly what they wer...
Tue, Feb 2 2010, 8:21 AM
Equity markets are rallying ahead of key housing market data for December. 90 minutes before the opening bell, Dow futures are up 24 points to 10,161...
Tue, Feb 2 2010, 4:52 PM
I have spent the last few days using the control-f function to locate anything mentioning housing or the mortgage industry. I searched the document fo...
Tue, Feb 2 2010, 4:41 PM
At the end of the fourth quarter of 2009, there were 130.58 million housing units in the US. Compare that to the end of 2008 when there were 129.45 mi...
Tue, Feb 2 2010, 1:10 PM
The MBA reported Tuesday that commercial loan originations had increased during the fourth quarter over both the previous quarter and the same quarter...
Mon, Feb 1 2010, 8:09 AM
It’s a busy week ahead and two hours before Monday’s opening bell investors are optimistic.
Dow futures are up 41 points to 10,058 and S&P 500 futu...
Mon, Feb 1 2010, 6:13 PM
Bankers responding to the January 2010 Federal Reserve Senior Loan Officer Opinion Survey on Bank Lending Practices indicated that residential loan st...
Mon, Feb 1 2010, 2:54 PM
The Commerce Department today released December New Construction Spending data. Spending was worse than forecast, -1.2 percent to an annual rate of $9...
Fri, Jan 29 2010, 8:11 AM
90 minutes ahead of the opening bell and thirty before a GDP release that should show economic growth at a four-year high, equities are trading higher...
Thu, Jan 28 2010, 8:18 AM
One day after President Obama’s State of the Union Address, the US dollar is up, buzzing near it's highest level since August 2008. Equity futures are...
Thu, Jan 28 2010, 5:51 PM
The program has enrolled over 850,000 homeowners who are seriously delinquent in their mortgage payments in a trial modification period but has encoun...
Thu, Jan 28 2010, 5:09 PM
In the week ending January 27, 2010, the Federal Reserve purchased a total of $12.50 billion agency MBS. In those five days the Federal Reserve sold $...
Wed, Jan 27 2010, 10:50 AM
Sales of new one-family houses in December 2009 were at a seasonally adjusted annual rate of 342,000. This is 7.6% below the revised for the better No...
Wed, Jan 27 2010, 8:08 AM
MBA's VP of Research and Economics, summed up the environment PERFECTLY: "Although rates remain low, there appears to be a smaller pool of borrowers w...
Wed, Jan 27 2010, 7:59 AM
News from Asia has pushed the global stock market down after Toyota said it would stop production and sales on eight of its recalled vehicles.
Japa...
Tue, Jan 26 2010, 10:54 AM
On January 20, the Federal Housing Administration (FHA) announced that its plan to shore up the agency's capital reserves included stepped up enforcem...
Tue, Jan 26 2010, 8:29 AM
In the US, equity futures are mixed. Dow Futures are up 4 points to 10,142 and S&P 500 Futures are 1.40 points lower to 1,091.. Meanwhile, WTI Crude o...
Tue, Jan 26 2010, 4:11 PM
Standard and Poor's released the Case-Shiller Home Price Index this morning. On a month over month basis, home prices in 20 US cities fell 0.2% in Nov...
Mon, Jan 25 2010, 11:13 AM
After a rising surge from September through November, existing-home sales fell as expected in December after first-time buyers rushed to complete sale...
Mon, Jan 25 2010, 8:22 AM
The Week Ahead: FOMC Meeting, Housing Prices & Sales, Q4 GDP, $118bn in Treasury Supply
Fri, Jan 22 2010, 8:18 AM
90 minutes before the opening bell, Dow Futures are off 27.00 points to 10,311, S&P 500 futures are down 2.00 points to 1,109.00. Commodities are also...
Fri, Jan 22 2010, 2:46 PM
GNMA paper is already explicitly guaranteed, expect GNMA and the FHA to continue to be a crutch (responsibly). In terms of GSE paper, while I still be...
Thu, Jan 21 2010, 8:25 AM
After shedding more than 1% yesterday equity futures have been volatile Thursday morning as investors anticipate earnings results and fresh economic d...
Thu, Jan 21 2010, 3:02 PM
In the holiday shortened work week between January 14 and January 20, 2010, the Federal Reserve purchased a total of $16.359 billion agency MBS. In th...
Thu, Jan 21 2010, 1:09 PM
The proposal would:
1. Limit the Scope - The President and his economic team will work with Congress to ensure that no bank or financial institu...
Wed, Jan 20 2010, 12:47 PM
Building permits rose 10.9% in December to a seasonally adjusted annual rate of 653,000. Housing starts fell 4.0% to a seasonally adjusted annual ra...
Wed, Jan 20 2010, 10:54 AM
So both the refinance index and purchase index improved off of ANEMIC levels of activity last week (sorry...not trying to be a frustrating fred or deb...
Wed, Jan 20 2010, 10:04 AM
The Federal Housing Administration has announced the details of changes intended to strengthen its capital reserves which were reported to be headed i...
Wed, Jan 20 2010, 8:18 AM
Equity futures are sharply lower this morning as Bank of America reported it had lost $5.2 billion in the fourth quarter. The Republican upset in the ...
Tue, Jan 19 2010, 8:33 AM
Equities are mixed around the globe but clearly downward in the US. Following a 3-day weekend, one hour before the opening bell, Dow futures are off ...
Tue, Jan 19 2010, 1:10 PM
Builder confidence in the market for newly built, single-family homes declined one point to 15 in January on continuing concerns about the poor job ma...
Fri, Jan 15 2010, 9:42 AM
There is much confusion surrounding the guarantee status of the Fannie Mae and Freddie Mac. We clear up any misconceptions and call attention to obse...
Fri, Jan 15 2010, 9:34 AM
Fixed rates were lower for the second week in a row while adjustable rates were mixed according to Freddie Mac's weekly Primary Mortgage Market Survey...
Fri, Jan 15 2010, 8:17 AM
Just over an hour before the opening bell, Dow futures are down 40 points to 10,623, nearly erasing the 29-point gain seen yesterday, while S&P 500 Fu...
Fri, Jan 15 2010, 4:01 PM
The Treasury Department reported Friday that 66,500 of the 902,620 homeowners who had started the trial modification period for its Home Affordable Mo...
Fri, Jan 15 2010, 1:39 PM
I have a bone to pick with the folks who say this will slow down bank lending. I have an even bigger bone to pick with the folks who say this will slo...
Thu, Jan 14 2010, 11:47 AM
One in every 45 homes in the U.S. received some type of foreclosure filing during the year just ended, a situation that would have been even worse wit...
Thu, Jan 14 2010, 8:17 AM
Investors are mildly optimistic ahead of the retail sales report, the week’s most important data. A little over an hour before the opening bell future...
Thu, Jan 14 2010, 1:20 PM
Last night New York Federal Reserve Bank President Bill Dudley appeared on the PBS Nightly Business Report. He made several comments that need to be c...
Wed, Jan 13 2010, 11:26 AM
Fitch Ratings warned today that $47 billion in Prime and Alt-A interest only loans will convert to amortizing loans during the current year with some ...
Wed, Jan 13 2010, 8:29 AM
Mortgage applications increased 14.3 percent on a seasonally adjusted basis. The Refinance Index increased 21.8 percent from last week's holiday adju...
Wed, Jan 13 2010, 8:10 AM
Equities are pretty quiet overseas and the futures market at home is correspondingly dull.
No major data is being released this morning, giving inv...
Tue, Jan 12 2010, 7:58 AM
The Q4 earnings session began on the wrong foot after the closing bell yesterday as Alcoa reported a worse than anticipated loss of $277 million. This...
