Thu, Sep 17 2009, 8:08 AM
Equity futures are pointing up this morning as investors hope to keep the rally going for a fourth straight day. Since Monday the S&P 500 has gained 3...
Thu, Sep 17 2009, 5:56 PM
The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financ...
Thu, Sep 17 2009, 2:28 PM
While the level of new delinquencies on residential mortgage loans has stabilized, the size of the “foreclosure pipeline” continues to grow. Accordin...
Thu, Sep 17 2009, 1:19 PM
Freddie Mac's Primary Mortgage Market Survey for the week ended September 17 reported the third consecutive week of lower rates for fixed rate mortgag...
Wed, Sep 16 2009, 9:17 AM
Mortgage rates increased slightly last week but still remain at historically low rates. Even so, demand for mortgages, refinancing, and purchases all ...
Wed, Sep 16 2009, 8:25 AM
For the second day in a row, markets began with a rough start yesterday but made steady climbs throughout the afternoon and ended on positive tones. T...
Wed, Sep 16 2009, 3:26 PM
HR 3146, passed the House of Representatives on a voice vote Tuesday afternoon. The bill permits flexability in hiring and compensating staff, provide...
Wed, Sep 16 2009, 1:54 PM
Stocks are higher again today, marking gains in eight out of the last nine trading sessions. A boost to industrial production and a tame inflation rep...
Tue, Sep 15 2009, 12:58 PM
Retail sales posted their strongest monthly gain in three years and other fresh news was mostly supportive of growth in the third quarter, but market ...
Tue, Sep 15 2009, 8:26 AM
A slow and steady climb from a poor opening helped US equity markets close on a positive note yesterday, with the S&P 500 gaining 0.63% to a new 11-mo...
Mon, Sep 14 2009, 8:34 AM
The week begins on a light note with no major data scheduled for release. However, one week ahead of the Federal Reserve’s Open Market Committee meeti...
Mon, Sep 14 2009, 2:04 PM
With no fresh data to trade on, US equity markets took a cue from global exchanges and opened lower this morning. Leading up to the day’s key event, a...
Fri, Sep 11 2009, 8:27 AM
The benchmark S&P 500 has gained 52% since early March and investors continue to be optimistic about buying equities. The last five days have seen con...
Fri, Sep 11 2009, 1:38 PM
As of 12:30, all three markets had fallen into the negative, albeit modestly. The Nasdaq is down 0.46% to 2,074, the Dow is trading 0.38% lower at 9,5...
Fri, Sep 11 2009, 1:34 PM
Fitch Ratings has released the criteria by which it rates Servicers' Advance Receivables Trusts (SARTs); a derivative based on the recovery by a servi...
Thu, Sep 10 2009, 12:50 PM
In late August, Wall Street was worried that the March to August run-up in equity prices had become overheated, but since September 2 the Dow has adde...
Thu, Sep 10 2009, 8:24 AM
US stock markets are looking for a flat open after the S&P 500 moved up 0.78% yesterday, but prices could change quickly depending on the outcome of t...
Thu, Sep 10 2009, 1:04 PM
Both Fannie Mae and Freddie Mac reported that average interest rates edged down during the most recent weeks for which data is available.
Accordi...
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...
