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...
Mon, Dec 21 2009, 4:55 PM
Government guaranteed loans, primarily those obtained through the Federal Housing Administration and the Veterans Administration, showed higher delinq...
Fri, Dec 18 2009, 11:01 AM
During the third quarter the amount of commercial/multifamily debt outstanding declined by $28 billion or 0.8 percent to a total of $3.43 trillion. T...
Fri, Dec 18 2009, 8:21 AM
After three busy days of fresh data and the Fed’s monetary policy meeting markets are given a bit a bit of a break today. Quadruple-witching aside ― t...
Thu, Dec 17 2009, 12:00 AM
A seller has the right to certain expectations when he hires a real estate agent. The best agents may make you wonder why you ever questioned that co...
Thu, Dec 17 2009, 10:05 PM
Fannie Mae (FNM/NYSE) announced today that it is suspending all foreclosure evictions from December 19, 2009 through January 3, 2010. All owner-occupa...
Thu, Dec 17 2009, 8:24 AM
Economic activity is picking up and deterioration in the labor market is abating, the Federal Reserve noted yesterday as it kept interest rates at his...
Thu, Dec 17 2009, 4:07 PM
The Mortgage Bankers Association is reporting that independent mortgage banks and subsidiaries saw a substantial decline in profit margins in the thir...
Thu, Dec 17 2009, 4:01 PM
Interest rates as reported by both Freddie Mac and Fannie Mae increased during the week recently ended. A Freddie Mac spokesman attributed the increa...
Thu, Dec 17 2009, 2:27 PM
Prior to yesterday's rule change, if the borrower understated his income by more than 25%, the servicer was required to re-qualify the borrower for a ...
Wed, Dec 16 2009, 12:46 PM
In the most recent release, new loan application activity increased 0.3 percent on a seasonally adjusted basis from the week ending December 4. The R...
Wed, Dec 16 2009, 9:09 AM
NOV HOUSING STARTS +8.9 PCT VS OCT -10.1 PCT (PREV -10.6 PCT)
HOUSING STARTS 574,000 UNIT RATE (CONSENSUS 580,000) VS OCT 527,000 (PREV 529,000)
NOV...
Wed, Dec 16 2009, 8:21 AM
Another busy day awaits markets as the Federal Open Market Committee concludes its final monetary policy meeting of the decade.
Ahead of new Fed s...
Wed, Dec 16 2009, 2:58 PM
The FOMC's most meaningful tweak has been an upgrade to the labor market - "economic activity has continued to pick up and that the deterioration in t...
Tue, Dec 15 2009, 8:14 AM
An extremely busy day awaits markets as the Federal Open Market Committee kicks off its last two-day meeting of the decade.
Two hours before the op...
Tue, Dec 15 2009, 5:41 PM
Builders continue to have negative perceptions of the real estate market according to the December survey of builder attitudes conducted by the Nation...
Tue, Dec 15 2009, 4:28 PM
At a time when the Fed's credibility is of the UTMOST importance, you would think that our policymakers wouldn't be trying to politicize monetary poli...
Tue, Dec 15 2009, 4:04 PM
A new survey conducted for Trulia.com and RealtyTrac show that Americans are generally unwilling to consider purchasing a home that has been foreclose...
Mon, Dec 14 2009, 9:47 AM
The House of Representatives passed the Wall Street Reform and Consumer Protection Act Friday afternoon despite intense lobbying from financial firms....
Mon, Dec 14 2009, 8:28 AM
Looking to data this week, Monday and Friday have no data releases but the other three days are packed. Industrial production, housing starts, and inf...
Mon, Dec 14 2009, 3:22 PM
The most important factor driving recent declines in real estate market activity and increases in delinquencies and foreclosures has been the ongoing ...
Fri, Dec 11 2009, 8:27 AM
It’s been a slow week in terms of data but the key release of the week, retail sales for November, finally comes out an hour before the opening bell. ...
Fri, Dec 11 2009, 1:53 PM
A weaker bond market moved most mortgage loan rates higher for the week. With the exception of the longer term fixed rate mortgages, most of the inc...
Fri, Dec 11 2009, 1:43 PM
In a win for the banking industry, the U.S. House of Representatives voted on Friday to reject a measure that would have allowed bankruptcy judges to ...
Thu, Dec 10 2009, 11:09 AM
GEITHNER ON THE EXTENSION OF TARP AND MITIGATING FORECLOSURES: "I notified Congress that I extended the temporary authority provided to me under EESA ...
Thu, Dec 10 2009, 9:48 AM
Foreclosure activity in November was down nationwide according to a report issued today by RealtyTrac. This is the fourth straight month that such ac...
Thu, Dec 10 2009, 8:18 AM
Ahead of weekly labor data and the monthly trade balance equity futures are pointing higher.
Dow futures up 29 points to 10,359 and S&P 500 Futures...
Thu, Dec 10 2009, 5:17 PM
November figures for the Treasury Department's Making Home Affordable Program show that a disappointing 4.3 percent of borrowers enrolled in the progr...
Thu, Dec 10 2009, 4:55 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between December 3 a...
Thu, Dec 10 2009, 3:34 PM
In what could provide a boost to consumer confidence, the Federal Reserve reported on Thursday that the net worth of U.S. households rose 5 percent. ...
Thu, Dec 10 2009, 1:51 PM
The voice of mortgage originators was broadcast loud and clear by Federal Reserve Governor Elizabeth Duke today. Speaking at the Mortgage Foreclosure ...
Wed, Dec 9 2009, 12:13 PM
Federal Reserve Governor Duke says the downturn in housing has affected communities in many ways, but the effects were largely related to the underlyi...
Wed, Dec 9 2009, 10:15 AM
This week's report indicated an increase in demand for new mortgage loans. The Market Composite Index rose 8.5%, the purchase index was 4.0% higher, a...
Wed, Dec 9 2009, 8:33 AM
Equities shed 1% yesterday on heightened debt concerns following a Moody’s report voicing worry over the growing debt in the UK and the US. One hour ...
Tue, Dec 8 2009, 8:53 AM
Less than an hour before the opening bell, futures on the S&P 500 are down 10 points to 1,103 and the 10 year Treasury note is up 14/32 yielding 3.373...
Tue, Dec 8 2009, 5:32 PM
In written remarks to the House Financial Services Committee, Assistant Treasury Secretary Herbert Allison expressed disappointment in the progress of...
Mon, Dec 7 2009, 8:22 AM
The relatively slow week ahead should give financial markets plenty of time to digest Friday’s employment news, which saw the nation’s unemployment ra...
Mon, Dec 7 2009, 4:51 PM
The Securities and Exchange Commission has charged three former executives of the bankrupt New Century Mortgage with fraud in connection with their ac...
Mon, Dec 7 2009, 2:34 PM
The Mortgage Bankers Association is reporting that delinquencies in commercial loan portfolios rose during the third quarter. Increases were noted in...
Fri, Dec 4 2009, 7:49 AM
Equity futures are often flat or in decline before the monthly of release of the unemployment rate and the pace of job losses, but ahead of the Novemb...
Fri, Dec 4 2009, 1:09 PM
U.S. mortgage insurers are likely to reject as much as $4 billion in claims by lenders over the next few years as they get more aggressive in pushing ...
Thu, Dec 3 2009, 12:36 PM
if productivity remains at these high levels and demand (output) does not increase , businesses will have less incentive to hire new labor. Given the ...
Thu, Dec 3 2009, 8:27 AM
Investor sentiment was given a boost after the closing bell yesterday when Bank of America announced it will be paying back $45 billion in TARP funds....
Thu, Dec 3 2009, 3:02 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the four trading days between November 27 ...
