Wed, Dec 16 2009, 10:00 AM
SAFE Act Update; Down Payment Assistance; Fannie & Freddie in the Future; Yield Curve Chatter
Wed, Dec 16 2009, 9:09 AM
NOV HOUSING STARTS +8.9 PCT VS OCT -10.1 PCT (PREV -10.6 PCT)
HOUSING STARTS 574,000 UNIT RATE (CONSENSUS 580,000) VS OCT 527,000 (PREV 529,000)
NOV...
Wed, Dec 16 2009, 8:21 AM
Another busy day awaits markets as the Federal Open Market Committee concludes its final monetary policy meeting of the decade.
Ahead of new Fed s...
Tue, Dec 15 2009, 8:14 AM
An extremely busy day awaits markets as the Federal Open Market Committee kicks off its last two-day meeting of the decade.
Two hours before the op...
Mon, Dec 14 2009, 11:30 AM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 4.75% to 5.00% range for well qualified ...
Mon, Dec 14 2009, 10:01 AM
DU 8.0 Implemented; Citi & TARP payback; Fed Funds and Mortgage Rates; House Passes FIASCO
Mon, Dec 14 2009, 8:28 AM
Looking to data this week, Monday and Friday have no data releases but the other three days are packed. Industrial production, housing starts, and inf...
Mon, Dec 14 2009, 3:22 PM
The most important factor driving recent declines in real estate market activity and increases in delinquencies and foreclosures has been the ongoing ...
Wed, Dec 2 2009, 10:06 AM
RESPA sites; Lend America gone, AmTrust Mortgage still going; conjecture on the Fed & commerical mortgages
Tue, Dec 1 2009, 12:28 PM
FHA Imposes Penalties on Lend America; AmTrust Bank BK; Investor Updates: BoA,Suntrust, Flagstar, Wells
Tue, Dec 1 2009, 12:26 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 4.50% to 4.75% range for well qualified ...
Tue, Dec 1 2009, 10:31 AM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 3.7 percent to 114.1 from 110.0 in September...
Tue, Dec 1 2009, 10:01 AM
Construction spending in October was estimated at a seasonally adjusted annual rate of $910.8 billion, nearly the same as the sharply revised for the ...
Tue, Dec 1 2009, 8:21 AM
As of 7:15, equities are firmly higher. The Dow looks to open 76 points higher at 10,410 while futures on the S&P 500 are up 8.75 points to 1,104. Spo...
Mon, Nov 30 2009, 12:52 PM
Early reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage is holding in the 4.50% to 4.75% range for well q...
Mon, Nov 30 2009, 9:38 AM
Deutsche Bank & BNP Paribas vs. BofA; Dubai's woes help our rates; FHA & Fannie chatter
Mon, Nov 30 2009, 8:37 AM
Across the board investors are worried. Equities are down, Treasuries are soft, crude oil is flat, the dollar is weaker and even gold is in sell-off.
...
Wed, Nov 25 2009, 11:52 AM
Sales of new single family houses rose 6.2% to a rate of 430,000 annual transactions, much better than the market's expectation for 410,000 annual sal...
Wed, Nov 25 2009, 9:58 AM
Working Twice as Hard for Half as Much; FOMC update; HAMP MBS Pools; Multifamily Lending
Wed, Nov 18 2009, 11:25 AM
While we anticipated housing starts and permits would fall in October, today's data was a big surprise to most market participants as economists were...
Wed, Nov 18 2009, 10:03 AM
Primer on the dollar; Are you ready for 2010 volumes? Servicing transfer news from the Fed
Wed, Nov 18 2009, 8:00 AM
Sitting comfortably at 13-month highs, equities are beginning the day moving sideways ahead of data on inflation and the housing market.
The Dow lo...
Wed, Nov 18 2009, 1:29 PM
Reports from fellow mortgage professionals indicates that rates are unchanged from yesterday. This keeps the par 30 year conventional rate mortgage ...
Tue, Nov 17 2009, 1:17 PM
National credit agency TransUnion reported today that, while mortgage delinquency rates continue to rise and have reached record levels, the rate of i...
Mon, Nov 16 2009, 10:27 AM
Reports from fellow mortgage professionals indicate mortgage rates are holding steady, near last week's aggressive closing levels. The par 30 year co...
Mon, Nov 16 2009, 10:02 AM
GM & GMAC, Fannie, PMI, CitiMortgage, Caliper news; fraud in Nor Cal
Mon, Nov 16 2009, 7:59 AM
The week begins with a bang but ends with a whimper. A storm of data hits markets on Monday with retail sales an hour before the opening bell, plus th...
Tue, Nov 3 2009, 9:55 AM
A primer on MI rescission; news from Wells, Flagstar, Freddie, PMI, FAMC; rates moving lower
Mon, Nov 2 2009, 11:01 AM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in...
Mon, Nov 2 2009, 9:29 AM
USB Expands; CIT Declares Bankruptcy; GMAC & Financial Mortgage Updates;
Mon, Nov 2 2009, 8:15 AM
Volatility in the stock market left equities in a state of pessimism last week. The S&P 500 lost 4.02% in the five trading sessions, including a 2.81%...
Mon, Nov 2 2009, 1:04 PM
Last week ended on positive note for mortgage backed securities and mortgage rates. As stock indexes fell, market participants re-allocated portfolios...
Wed, Oct 28 2009, 8:09 AM
Shares in the S&P 500 have fallen for three consecutive days and on Wednesday futures are extending those losses ahead of fresh data and more Q3 earni...
Wed, Oct 28 2009, 3:42 PM
This month single family new home sales fell for the first time since March. The annual pace of new homes sales was 402,000 sales per year, well below...
Tue, Oct 27 2009, 12:12 PM
This month, the S&P Case Shiller Home Price Index continued to improve as prices in 17 of 20 metro cities increased in August, albeit at a slower pace...
Mon, Oct 26 2009, 7:55 AM
Eight trading days have passed since the Dow crossed 10,000 for the first time in over a year. Yet mixed data and third-quarter earnings since then ha...
Fri, Oct 23 2009, 2:08 PM
Existing-home sales jumped 9.4 percent to an annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2 percen...
Tue, Oct 20 2009, 11:20 AM
New housing starts rose less than expected to 590,000 annualized units, economists were expecting a rise of 610,000 units after a read of 598,000 in A...
Tue, Oct 20 2009, 10:56 AM
Prices of mortgage backed securities posted modest gains yesterday in an uneventful trading session. Intraday gains didn’t warrant reprices for the ...
Tue, Oct 20 2009, 9:22 AM
News from Wells & GMAC; on reverse mortgages, the tax credit, and the commercial sector
Tue, Oct 20 2009, 7:19 AM
US equities are poised to open at fresh one-year highs on Tuesday morning. Sentiment is higher owing to Apple’s post-closing bell announcement that it...
Mon, Oct 19 2009, 12:41 PM
Last week consumers who were floating loans watched mortgage rates rise almost 0.25%. After touching five month lows in the previous week, better tha...
Mon, Oct 19 2009, 9:38 AM
JD Powers Mortgage Servicer Rankings; $8,000 tax credit warning; YSP & FHA news
Mon, Oct 19 2009, 8:31 AM
Last Week saw equities hit 12-month highs across the globe, including in Australia, Hong Kong, India, Russia, Europe, England, Brazil and of course th...
Fri, Oct 2 2009, 2:02 PM
My uncle used to say, "Do not corner something that you know is meaner than you." Or bigger, for that matter. Speaking of big, the numbers yesterday s...
Thu, Oct 1 2009, 8:24 AM
The fourth quarter begins today with a torrent of fresh data, plus speeches from Fed chairman Ben Bernanke and Atlanta Fed president Sandra Pianalto.
...
Thu, Oct 1 2009, 2:05 PM
Everyone knows the drill: small originators sell loans to mid-tier investors such as AmTrust or Franklin American, who in turn sell their loans to com...
Thu, Oct 1 2009, 1:22 PM
As the third quarter ended yesterday, mortgage rates were unchanged as prices of mortgage backed securities held to the recent range. Since MBS rall...
Mon, Sep 28 2009, 11:27 AM
Despite mixed economic reports last week, mortgage rates held near four month lows as prices of mortgage-backed securities approached four month highs...
Mon, Sep 28 2009, 9:24 AM
Markets are looking optimistic this morning ahead of an insanely busy week. Monday begins slowly with no major macroeconomic data on the schedule, but...
