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...
Mon, Aug 10 2009, 12:41 PM
The first three hours of trading have been pretty light with all three indexes trading marginally lower, failing to move higher. Equities rallied on F...
Mon, Aug 10 2009, 8:28 AM
No significant data comes out Monday but the rest of the week should bring further confirmation that the economy turned a corner as the third quarter ...
Fri, Aug 7 2009, 11:45 AM
Fannie Mae posted a net loss of $14.8 billion in the second quarter, following up on a deficit of $23.2 billion from the first three months of the yea...
Fri, Aug 7 2009, 8:21 AM
Employment indicators have been mixed this month but virtually all economists believe the labor market improved substantially relative to June, even i...
Fri, Aug 7 2009, 1:29 PM
Buoyed by the first reversal in the unemployment rate in 15 months, markets are up more than 1% on Friday, which will give the benchmark S&P 500 its f...
Thu, Aug 6 2009, 8:27 AM
The only major data coming out today is the weekly jobless claims report, a survey that hasn’t been too reliable recently due to seasonal adjustment i...
Thu, Aug 6 2009, 5:11 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between July 30 and ...
Thu, Aug 6 2009, 4:54 PM
Despite opening higher after a weekly labor report beat expectations, markets are in the red for a second consecutive day as retailers post lower resu...
Thu, Aug 6 2009, 1:53 PM
After two weeks of modest increases, mortgage rates drifted down during the week ended August 6 according to results of Freddie Mac's Primary Mortgage...
Thu, Aug 6 2009, 1:19 PM
James B. Lockhart, director of the Federal Housing Finance Agency announced on Thursday that he is leaving the agency. Mr. Lockhart has been director...
Wed, Aug 5 2009, 8:45 AM
News from the labor market dominates the data front for the next few days, beginning with the ADP private employment report early this morning.
Th...
Wed, Aug 5 2009, 8:20 AM
National mortgage rates moderated in the week ending July 31, spurring demand for new loans after a slump in the previous week, according to a weekly ...
Wed, Aug 5 2009, 1:47 PM
"TAYLOR, BEAN & WHITAKER MORTGAGE CORP. (“TBW”) RECEIVED NOTIFICATION ON AUGUST 4, 2009 FROM THE U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, FR...
Wed, Aug 5 2009, 1:06 PM
Markets opened lower Wednesday after two labor reports before the bell were softer than expected, and when another report on the services sector faile...
Tue, Aug 4 2009, 11:05 AM
Pending Home Sales were expected to advance for the fifth straight month in June, but the gain was supposed to be meager. Instead, sales jumped 3.6% i...
Tue, Aug 4 2009, 8:25 AM
With the S&P 500 improving 1.5% yesterday, Sal Guatieri from BMO Capital Markets noted that the index has seen its best five-month performance since 1...
Tue, Aug 4 2009, 3:20 PM
Despite an uneven response across participating servicers, the Department of the Treasury is generally pleased with the progress achieved by the Makin...
Mon, Aug 3 2009, 12:04 PM
The S&P 500 began August by touching the 1,000 mark for the first time since early November. Led by an unexpected gain in construction spending and a ...
