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...
Thu, Aug 20 2009, 2:57 PM
Mortgage rates dropped significantly during the week ending August 20 according to the results of the Primary Mortgage Market Survey released this mor...
Wed, Aug 19 2009, 11:05 AM
Activity in commercial real estate continued to decline in the second quarter, pushing activity to its lowest level in 15 years, an industry survey sa...
Wed, Aug 19 2009, 10:18 AM
The Standard & Poor Spotlight Report evaluating servicer performance looks at several aspects of operation. Data on call center operations and escrow...
Wed, Aug 19 2009, 8:21 AM
There was nothing but good news in the Weekly Mortgage Applications Survey this morning. Average rates for a 30-year mortgage fell 23 basis points to ...
Wed, Aug 19 2009, 8:14 AM
Equity futures are once again tracking global markets. That was encouraging yesterday as stocks were recovering, but today is looking more like Monday...
Wed, Aug 19 2009, 1:16 PM
US equity markets opened lower this morning following a 4.3% fall in China’s Shanghai index, but 90 minutes into the session stocks were rallying. Wel...
Tue, Aug 18 2009, 12:47 PM
News hasn’t been stellar this morning but markets are nonetheless recovering from the global sell-off yesterday. Three hours into the session, the S&P...
Tue, Aug 18 2009, 10:39 AM
Standard & Poor has compiled a spotlight report focusing on the performance of mortgage servicers. The report looks at a number servicing categories ...
Tue, Aug 18 2009, 10:36 AM
Banks were tightening loan standards and consumer demand for loans was softening during the second quarter, a central bank survey showed yesterday.
...
Tue, Aug 18 2009, 9:34 AM
A downturn in housing starts and building permits wasn’t what markets were expecting, but given how well the index had performed in the prior two mont...
Tue, Aug 18 2009, 9:01 AM
The former President and Chief Executive Officer of the Government National Mortgage Association (Ginnie Mae), Joseph Murin, and former Federal Housin...
Tue, Aug 18 2009, 8:23 AM
Yesterday’s global sell-off caused the S&P 500 to lose 2.43% in a single day, its worst performance in six weeks. Thankfully, US markets are looking u...
Tue, Aug 18 2009, 4:31 PM
The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) today published the first repo...
Mon, Aug 17 2009, 8:34 AM
After halting four weekly advances in the stock market on Friday, investors are rapidly extending market losses in pre-session trading Monday morning....
Mon, Aug 17 2009, 3:57 PM
Builder confidence in the market for newly built, single-family homes rose one point in August to its highest level in more than a year, according to ...
Mon, Aug 17 2009, 1:37 PM
It’s been a brutal morning in the equity markets, not just in the US but globally. China’s Shanghai stock market plunged 5.8%, its worst daily loss si...
Fri, Aug 14 2009, 12:29 PM
In the first three hours of trading, all three indexes are down more than 1.5%. The Nasdaq has shed 1.87% to 1,971, while the S&P has dropped 1.63% to...
Fri, Aug 14 2009, 8:20 AM
Equities are likely to see their fifth straight weekly gain, but the day is a busy one and surprises in the data could cause markets to jump either wa...
Fri, Aug 14 2009, 2:40 PM
Reuters reports that the Federal Deposit Insurance Corporation (FDIC) will take Colonial Bank Group into receivership and sell the bank’s assets to BB...
Thu, Aug 13 2009, 12:29 PM
All three data reports this morning showed greater declines than expected, with retail sales sinking in June, jobless claims rising in August, and inv...
Thu, Aug 13 2009, 8:20 AM
Optimism is in the air. While analysts debate whether the US economy is on the brink of recovery or whether the recession has already ended, real GDP ...
Thu, Aug 13 2009, 6:16 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, Aug 13 2009, 4:46 PM
Foreclosure filings and related activities continued to increase in July according to figures released by RealtyTrac. Nevada, California, and Arizona...
Thu, Aug 13 2009, 4:45 PM
Good news on the jobs' front led to an increase in most mortgage rates for the week ended August 13 according to the latest Freddie Mac’s Primary Mort...
Thu, Aug 13 2009, 2:17 PM
Mortgage News Daily has learned that the President of Ginnie Mae, Joseph Murin, is expected to submit his resignation by Monday August17, 2009.Joe Mur...
Wed, Aug 12 2009, 12:26 PM
Three hours into Wednesday’s session, the NASDAQ is leading the way with a 1.65% advance to 2,0002, followed by a 1.30% climb in the Dow to 9,361, and...
Wed, Aug 12 2009, 8:59 AM
National mortgage rates continue to bounce around a volatile range. A jump in borrowing costs in the week ending August 7 caused refinance-related loa...
Wed, Aug 12 2009, 8:31 AM
After two pretty light days that have caused markets to tumble, Wednesday offers a busy schedule with a mix of fresh data and government policy. The S...
Wed, Aug 12 2009, 2:59 PM
Although we have dissected the policy statement alterations in great speculative detail, this FOMC statement was "as expected". The Fed confirmed that...
Tue, Aug 11 2009, 12:33 PM
The S&P 500 has dipped below the 1,000 level today as all three major indexes have shed more than 1% in the first three hours of trading. A better tha...
Tue, Aug 11 2009, 9:02 AM
It was a slow yesterday with no fresh data, and markets reacted by edging down following a four-week rally. Today is looking like a repeat performance...
Tue, Aug 11 2009, 3:47 PM
The second quarter 2009 report was released on Tuesday. It reported that, while home prices have continued to fall for the 10th quarter in a row, the...
