Wed, Sep 9 2009, 9:56 AM
Fitch Ratings has projected a dramatic increase in defaults among some $189 billion in Option ARM mortgages as 88 percent of these recast by the end o...
Wed, Sep 9 2009, 8:50 AM
It’s another day of slow economic news but, unlike yesterday, US markets are looking down, potentially ending three days of gains. Globally, European ...
Wed, Sep 9 2009, 8:27 AM
Demand for mortgage loans and refinancing surged last week, spurred by a drop in mortgage rates, an industry survey said. Purchases also saw the large...
Wed, Sep 9 2009, 3:40 PM
Rep. Barney Frank has warned loan servicers that their performance is increasing chances that cram down legislation will pass. At the same time, a Tr...
Wed, Sep 9 2009, 1:32 PM
Despite a slow open, equity markets have been quietly climbing higher on Wednesday, helped out by a series of minor but positive headlines that are bo...
Tue, Sep 8 2009, 8:23 AM
Extending on two days of gains before the long weekend, equity futures are looking higher on Tuesday with the benchmark S&P a full 1% up. Globally, eq...
Tue, Sep 8 2009, 2:21 PM
Markets are moving sideways in what has been a slow day day on Wall Street. After having digested nonfarm payroll cutbacks over the long weekend, inv...
Fri, Sep 4 2009, 8:16 AM
The decline in July’s nonfarm payrolls was the smallest in 11 months, so the Employment Situation report for August should bring optimism to markets s...
Fri, Sep 4 2009, 2:40 PM
The Commission of the FHA responded this morning to an article in the Wall Street Journal that stated the agency was nearing the trigger point mandate...
Thu, Sep 3 2009, 8:21 AM
Looking ahead to today, the key releases concern the labor market and consumer spending, two areas crucial to any hopes of a V-shaped recovery. So whi...
Thu, Sep 3 2009, 6:14 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between August 27 an...
Thu, Sep 3 2009, 4:57 PM
According to Freddie Mac's Primary Mortgage Market Survey for the week ended September 3, most mortgage rates declined from the week before. Fannie M...
Thu, Sep 3 2009, 1:10 PM
Markets are pretty much flat again, indicating most participants are playing it safe ahead of tomorrow's all important Employment Situation Report. Th...
Wed, Sep 2 2009, 9:24 AM
As the new administration deliberates on what the government’s role should be in securing mortgage credit across the US, a national group of real esta...
Wed, Sep 2 2009, 8:15 AM
Equity futures are pointing slightly higher this morning, but the gains are far from comforting considering the S&P 500 slid 2.2% yesterday, led by 5....
Wed, Sep 2 2009, 8:05 AM
A slight hurdle was hit after many weeks of increasing demand for mortgage loans and new purchases, a housing industry survey said. Even with average ...
Wed, Sep 2 2009, 3:25 PM
A new study from Columbia University involving data from 700,000 mortgage loans found that loans originated by the bank were less likely to be delinqu...
Wed, Sep 2 2009, 1:36 PM
Stocks have gone sideways after Tuesday’s major equity sell-off. Markets hardly moved when a private jobs report failed to match expectations, while ...
Tue, Sep 1 2009, 11:15 AM
A key housing report that anticipates future sales posted its sixth straight monthly gain in July. The Pending Home Sales Index jumped 3.2% in the mon...
Tue, Sep 1 2009, 8:30 AM
Regional reports from around the country have indicated that manufacturing conditions were improving in August, leading analysts to believe that today...
Tue, Sep 1 2009, 1:34 PM
Stock markets opened lower on Tuesday morning, jumped more than 1% on mostly positive data thirty minutes into the session, but in a complete reversal...
Mon, Aug 31 2009, 10:47 AM
The Mortgage Bankers Association has released their semi-annual report on the largest commercial and multi-family loan servicers. Wells Fargo/Wachovi...
Mon, Aug 31 2009, 8:47 AM
Optimism that the economy is recovering in the third quarter has allowed the benchmark S&P 500 to rebound by 52% since early March, but in the past we...
Mon, Aug 31 2009, 1:33 PM
Stocks have had a rough day in the final session of August. After a sell-off in China hurt investor sentiment in Europe, US equity markets opened lowe...
Fri, Aug 28 2009, 11:22 AM
Business at Fannie Mae was recovering mid-way through the summer, though the total value of its portfolio remains down nearly one-fifth, according to ...
Fri, Aug 28 2009, 8:27 AM
Stocks are looking to continue the rally from yesterday afternoon, with equity futures pointing upwards between 0.2% and 0.4%. Data at 8:30 could chan...
Thu, Aug 27 2009, 10:01 AM
Some of the lenders and servicers most closely associated with conditions that led to the subprime mortgage meltdown are now in line to receive billio...
Thu, Aug 27 2009, 8:21 AM
Markets spent most of the day in a slumber yesterday, but just before the closing bell a small rally lifted equity indexes to just above par. This mor...
Thu, Aug 27 2009, 4:37 PM
Rates remained close to the summertime lows achieved during the previous week according to information released this morning by Freddie Mac. Both lon...
Thu, Aug 27 2009, 1:36 PM
At 1:30 the S&P is 0.44% lower to 1,023, while the Dow is essentially flat, -0.01% to 9,542, and the NASDAQ is -0.87% to 2006. On the debt side of the...
Wed, Aug 26 2009, 12:35 PM
Three economic reports this morning have confirmed that there are pockets of strength in the US economy, but markets are having none of it. Equities w...
Wed, Aug 26 2009, 10:51 AM
Data suggesting that the economy is experiencing a broad-based rebound continues to pile in this week, most recently in the housing market. New Home S...
Wed, Aug 26 2009, 8:29 AM
Average rates for a 30-year mortgage moved upwards last week, but demand for loans ― refinancing or otherwise ― as well as purchases, continued to inc...
Wed, Aug 26 2009, 8:19 AM
Investor sentiment is cautious ahead of the Durable Goods release at 8:30 and the New Home Sales report at 10:00. Equity futures are looking slightly ...
Tue, Aug 25 2009, 12:34 PM
Consumer confidence is improving and home prices are actually increasing, leading markets to push higher on Tuesday as investors feel more confident t...
Tue, Aug 25 2009, 9:47 AM
The National Association of Home Builders has closed its office for the entire week in an effort to cut expenses. The organization will also take an ...
Tue, Aug 25 2009, 9:42 AM
A bill currently before the House Ways and Means Committee would both extend the $8000 tax credit offered to first-time homebuyers beyond its current ...
Tue, Aug 25 2009, 9:41 AM
Home prices across the United States are beginning the process of stabilization, according to an industry survey that found price declines moderating ...
Tue, Aug 25 2009, 8:19 AM
The big headline this morning is that President Obama plans to keep Ben Bernanke as chairman of the Federal Reserve. “Mr. Obama's decision had become ...
Mon, Aug 24 2009, 12:46 PM
With Japan’s Nikkei index posting its biggest one-day gain in more than three months, US equities opened higher on Monday and then extended those gain...
Mon, Aug 24 2009, 8:38 AM
The week is beginning on a global wave of optimism with equities across Asia climbing, partly in response to Friday’s US existing home sales report, w...
Fri, Aug 21 2009, 11:17 AM
Great news for the housing market gave equities a nice boost to a week of up and downs. Sales of Existing Homes in July soared by 7.2% in the month, p...
Fri, Aug 21 2009, 8:26 AM
Investor sentiment is positive as markets anticipate real estate data and a speech from Federal Reserve chairman Ben Bernanke. News from overseas has ...
Fri, Aug 21 2009, 4:25 PM
The growth rate of Alt-A loan delinquencies remains uncomfortably high, but defaults are beginning to moderate, a new industry survey shows.
The Al...
Fri, Aug 21 2009, 1:30 PM
Equity markets are closing the week on an optimistic note as modest gains were extended after housing data bolstered sentiment and the Federal Reserve...
Thu, Aug 20 2009, 12:42 PM
Markets shrugged off a weak labor report Thursday morning and opened flat, partly due to optimism following a hefty gain in Asian markets earlier in t...
Thu, Aug 20 2009, 12:25 PM
A harsh labor market continues to propel mortgage delinquencies at near record rates, an industry survey said Thursday. Though the level of delinquenc...
Thu, Aug 20 2009, 8:07 AM
A hefty 4.5% gain in China’s Shanghai stock index led to optimism in European markets today and now, before the open, US equity futures are looking hi...
Thu, Aug 20 2009, 4:27 PM
The Fed's daily purchase average was $5.00 billion per day, an increase from last week's daily average of $4.08 billion per day. This is twice the amo...
Thu, Aug 20 2009, 3:08 PM
According to the Mortgage Bankers Association’s (MBA) Annual Mortgage Bankers Performance Report (formerly the MBA Cost Study series) the average loan...
