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...
Tue, Jan 12 2010, 4:28 PM
The companies were among a number of direct endorsement companies HUD and OIG are scrutinizing because of a significant number of claims, a certain le...
Tue, Jan 12 2010, 2:17 PM
In spite of issuing a disquieting set of projections for the mortgage industry last month, the Mortgage Bankers Association managed to issue even grim...
Mon, Jan 11 2010, 8:31 AM
Equity futures are firmly higher this morning as global markets react to December data from China showed exports jumping 17.7% compared to one year ag...
Fri, Jan 8 2010, 12:11 PM
U.S. Attorney General Eric Holder said a new inter-agency task force was focusing on halting fraud involving mortgages, securities, economic stimulus...
Fri, Jan 8 2010, 8:32 AM
The December Employment Situation Report has been released. 85,000 jobs were lost in December, much worse than expected. The unemployment rate was unc...
Fri, Jan 8 2010, 8:03 AM
The Employment Situation report is the most influential and closely watched data point to be released each month. For December the attention will be e...
Fri, Jan 8 2010, 3:26 PM
The FHFA today released the Foreclosure Prevention & Refinance Report for the Third Quarter 2009. This report is intended to provide disclosure and an...
Thu, Jan 7 2010, 8:27 AM
Just one day before the all-important nonfarm payrolls and unemployment numbers, markets are decidedly looking sour this morning after another mixed s...
Thu, Jan 7 2010, 4:52 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the holiday shortened work week between De...
Wed, Jan 6 2010, 11:14 AM
In today's release, which reports on the previous two weeks, holiday distractions and rising mortgage rates again had a negative effect on mortgage lo...
Wed, Jan 6 2010, 7:53 AM
After the mixed equity session yesterday stocks are continue to drift ahead of key employment data and a comprehensive survey of the services, financi...
Wed, Jan 6 2010, 4:21 PM
he focus on the Fed's involvement in the mortgage market has cast a dark shadow over GSE REFORM. I think its time we start discussing HOW TO GET THE F...
Tue, Jan 5 2010, 10:53 AM
In the data released today, which reported on contract activity in November, the pending home sales index fell more than expected to 96.0 from a revis...
Tue, Jan 5 2010, 8:14 AM
The decade started off well yesterday with all three US markets soaring by more than 1.50% yesterday. This morning the futures market looks to extend ...
Tue, Jan 5 2010, 3:42 PM
While economists have pronounced that the recession is over, the Q3 MBA Databook still sees signs of distress in the commercial real estate market inc...
Mon, Jan 4 2010, 10:21 AM
Wise managers know their firm's most valuable asset gets up and goes home everyday. I believe this applies to the industry as a whole. The housing ind...
Mon, Jan 4 2010, 8:22 AM
“Regulatory and supervisory policies, rather than monetary policies, would have been more effective means of addressing the run-up in house prices . ....
Mon, Jan 4 2010, 3:58 PM
Bank of America was the leading underwriter of U.S. mortgaged-backed securities, underwriting 63 issues or 17.5 percent of the total market. Bank of ...
Thu, Dec 31 2009, 8:26 AM
It’s the final day of the decade and the S&P 500 and Dow each are likely to close the year with their biggest annual percentage gains in five years, t...
Wed, Dec 30 2009, 8:24 AM
Six days of equity gains came to a halt yesterday but the losses were trivial as the Dow slipped 0.02% and the S&P 500 fell 0.14%. This morning, howev...
Tue, Dec 29 2009, 12:52 PM
In August, 17 of 20 cities reported month over month appreciations. In September 10 out of 20 cities reported month over month improvements. In Octobe...
Tue, Dec 29 2009, 8:35 AM
The holiday rally is extending as equities look to continue climbing for a seventh consecutive day. One hours before the open, S&P 500 futures are up ...
Mon, Dec 28 2009, 8:04 AM
With one week to go in 2009 the S&P 500 is up 24.7% on the year. Or, if it makes you feel better, the benchmark index is up 64.8% since its nadir on M...
Thu, Dec 24 2009, 8:25 AM
Markets have been gaining for four straight days and the futures market suggests they’re not done the holiday cheer yet. The ahead will probably see l...
Wed, Dec 23 2009, 12:36 PM
Sales of new single family homes fell 11.3% to an annual pace of 355,000 units. This was much lower than consensus estimates of 440,000 annual sales a...
Wed, Dec 23 2009, 10:48 AM
In the most recent report, loan application volume fell 10.7 percent. The Refinance Index decreased 10.1 percent from the previous week and the seaso...
Wed, Dec 23 2009, 8:03 AM
Markets are looking to push upwards for a fourth consecutive day ahead of several economic releases this morning. Two hours before the open equities ...
Tue, Dec 22 2009, 8:25 AM
Equities are continuing to extend gains this morning after climbing more than 1% yesterday. Before GDP revisions for the third quarter come out, the D...
Tue, Dec 22 2009, 5:12 PM
I just received an update from the FHA that I believe will spread some holiday cheer. Mr. Jerrold H. Mayer writes re: Delayed Implementation Date for ...
Tue, Dec 22 2009, 2:04 PM
In last month's report, existing-home sales surged 10.1 percent to an annual rate of 6.10 million units in October from a downwardly revised pace of 5...
Tue, Dec 22 2009, 1:39 PM
The Federal Housing Administrated reported on Tuesday that same house sales that form its Housing Price Index rose slightly during October. At the sa...
Mon, Dec 21 2009, 8:31 AM
Equities are looking to a strong open ahead of week that, according to economists, should be full of cheery data before Christmas Day.
One hour be...
