Thu, Sep 17 2009, 12:54 PM
Mixed housing and labor reports caused equity markets to flounder on Thursday morning. Early gains were given up, and after a second climb appeared to...
Thu, Sep 17 2009, 9:43 AM
The total number of housing starts came in at 598k, just 2k below the consensus forecast. But, rather than being driven by single-family starts, the n...
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...
