Mon, Jul 26 2010, 8:45 AM
Ahead of Friday’s look at second-quarter GDP, economists at BMO Capital Markets noted that earnings results have been mostly positive so far. “Even if...
Fri, Jul 23 2010, 10:54 AM
Investor Group Challenges Loan Servicers; Loss Mitigation Recommendations; What is "WillCap" and Who is "Talcott Franklin"?; EU Bank Stress Tests
Thu, Jul 22 2010, 10:24 AM
Nothing has changed since last year, the tax credit just covered up structural weakness at the core of housing demand.
Thu, Jul 22 2010, 8:23 AM
Equity futures look set to erase yesterday’s afternoon losses.
Ninety minutes before the opening bell, Dow futures are soaring 101 points higher a...
Thu, Jul 22 2010, 4:48 PM
Although mortgage-backed security prices moved lower today, lenders still improved consumer borrowing costs, extending the streak of irregular mortgag...
Mon, Jul 19 2010, 4:15 PM
After several days of behaving as if no other market existed, mortgage rates finally snapped back to reality today. Total consumer borrowing costs mov...
Mon, Jul 19 2010, 3:19 PM
The July survey of builders conducted by the National Association of Home Builders found that its members are seeing few bright spots in the market no...
Wed, Jul 14 2010, 10:33 AM
Fixing a consumer's credit is not an easy process, nor is it quick. Depending on the make-up of defaults, it can take years to rebuild a credit profil...
Wed, Jul 14 2010, 3:34 PM
Stimulus is wearing off and the economy is trying to gain recovery traction on its own (with the help of a 0.00-0.25% Fed Funds Rate). While the macro...
Thu, Jul 1 2010, 11:30 AM
Late Wednesday night the Senate followed the lead of the House of Representatives and voted to extend the closing deadline for the popular homebuyer t...
Thu, Jul 1 2010, 8:06 AM
Equity futures are flat this morning ahead of key labor, manufacturing, and housing data. Ninety minutes before the opening bell, Dow futures are down...
Thu, Jul 1 2010, 5:38 PM
The par 30 year conventional rate mortgage remains in the 4.375% to 4.625% range for well qualified consumers but borrowing costs were slightly higher...
Thu, Jul 1 2010, 1:08 PM
The Pending Home Sales Index, a forward-looking indicator, dropped 30.0 percent to 77.6 based on contracts signed in May from a reading of 110.9 in Ap...
Wed, Jun 30 2010, 11:39 AM
As lenders have begun repossessing homes at record levels over the first half of 2010, it will be interesting to watch how they will manage the invent...
Wed, Jun 30 2010, 8:55 AM
Homebuyer Tax Credit Fraud; Reasons for 203(K) Loans; SAFE Act and NMLS Registry; Mortgage Jobs; Another Refi Boom Coming?
Mon, Jun 28 2010, 9:54 AM
Homebuyer Tax Credit Closing Deadline Looms; Why Borrowers Can't Refinance; Advice From an Appraiser; Lenders Who Buy 203(K) Product
Mon, Jun 28 2010, 8:28 AM
Equity futures are trading higher after G20 leaders pledged to cut government deficits and decided to drop a 2012 deadline for banks to adopt more str...
Mon, Jun 28 2010, 5:00 PM
Just like last week, the economic calendar in the week ahead is not jammed packed but it does contain a couple of influential data points. The most im...
Thu, Jun 24 2010, 12:02 PM
House Passes Flood Insurance Extension; Servicer Short Sale Timeline Rankings; MERS & Fannie, Waiting Period Update
Wed, Jun 23 2010, 10:53 AM
HVCC Future in Doubt? FHA Getting Ahead of Defaults; CRA Changes; Reverse Mortgage Issues; MGIC Update
Wed, Jun 23 2010, 9:59 AM
Sales of new single-family houses in May 2010 were at a seasonally adjusted annual rate of 300,000, according to estimates released jointly today by t...
Wed, Jun 23 2010, 8:29 PM
MBS prices are at all-time highs (AGAIN) and I think we can officially say mortgage rates are priced at their best levels ever. If not, we're pretty d...
Wed, Jun 23 2010, 8:09 AM
Investors are optimistic this morning ahead of the central bank’s afternoon policy announcement. Sentiment could easily change early into the session,...
Tue, Jun 22 2010, 10:32 AM
10:00 22Jun10 RTRS-US MAY EXISTING HOME SALES 5.66 MLN UNIT ANNUAL RATE (CONS 6.12 MLN) VS APRIL 5.79 MLN (PRV 5.77)-NAR
10:00 22Jun10 RTRS-US MAY EX...
Tue, Jun 22 2010, 8:42 PM
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, were at a seasonally adjusted an...
Tue, Jun 22 2010, 8:05 AM
The market's confidence in China’s decision to loosen its peg to the U.S. dollar ended up fizzling out before the close yesterday, leaving stocks flat...
Mon, Jun 21 2010, 12:06 PM
Extensive Lender Upates Only an Underwriter Would Love; MBA Loan Buyback Seminar; Real Yield
Mon, Jun 21 2010, 8:49 AM
“Although the federal homebuyer tax credit expired at the end of April, contracts do not need to be closed until the end of June,” noted economists at...
Mon, Jun 21 2010, 4:53 PM
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today introduced a monthly scorecard on the nation'...
Mon, Jun 21 2010, 4:18 PM
Although the economic calendar isn't jammed packed in the week ahead, the data and events on the ballot carry more potential to move interest rates. W...
Tue, Jun 15 2010, 11:08 AM
After recording month over month improvements in April and May, home builder confidence declined in June. Builders still remain very cautious and are ...
Mon, Jun 14 2010, 2:07 PM
There are four housing indexes that the country looks to for information on the state of the market. According to a report from Standard & Poors (S&P...
Wed, Jun 9 2010, 3:47 PM
The Beige Book is a compilation of anecdotal information and data on current economic conditions across the country. The findings are NOT THE VIEWS OF...
Thu, Jun 3 2010, 11:42 AM
Warehouse Line Issues Still Prevalent; Another Lender Exits Wholesale Business; BoA Suspends USDA Commitments & Updates Flood Insurance Guidance
Wed, Jun 2 2010, 10:30 AM
April data is fine and dandy but it was expected that housing demand would improve as homebuyers rushed to take advantage of the tax credit before it ...
Wed, Jun 2 2010, 8:19 AM
Ninety minutes before the opening bell, Dow futures are up 47 points to 10,066 and S&P 500 futures are up 5.25 points to 1,074.75. The 2-year Treasury...
Wed, Jun 2 2010, 5:42 PM
Like yesterday, I continue to favor locking as mortgage rates are holding steady near historically low levels. If you wish to float in hopes of rates...
Wed, Jun 2 2010, 3:14 PM
With another week of historically low mortgage rates, the trend from the prior three weeks continued, as refinance applications increased while purcha...
Tue, Jun 1 2010, 11:23 AM
Total construction spending rose for the second straight month in April and recorded the best monthly improvement seen since August 2000, according to...
Tue, Jun 1 2010, 11:00 AM
The "Never-Ending" Mortgage Program From ING; Are Home Loans Now Worthless?; Bank Closures; Barclays To Sell Servicing Unit
Tue, Jun 1 2010, 8:10 AM
The Week Ahead: ISM Manufacturing Index, Construction Spending, Pending Home Sales Index, ADP Employment Report, Initial Jobless Claims, Productivity ...
Tue, Jun 1 2010, 4:56 PM
It was a very volatile day in financial markets. Stocks moved lower then higher then lower again. This led benchmark Treasuries on a roller coaster ri...
Thu, May 27 2010, 12:28 PM
New Bond Rating Agency With a Twist; Jumbo Loan Buyers; Banks Selling Distressed Debt; Financial Reform Update;
Wed, May 26 2010, 11:50 AM
Perspective on Fannie & Freddie's UMDP; Flood Insurance Expiration; Fed's Credit Card Website; More Lender Updates!
Wed, May 26 2010, 10:15 AM
U.S. equities rallied into the close yesterday. This momentum extended into the overnight session all the way into this morning. A WAY BETTER THAN EXP...
Wed, May 26 2010, 8:29 AM
With the OECD upgrading its global outlook for 2010 and 2011 growth, investor confidence is back on track this morning. Equities are trading much high...
Wed, May 26 2010, 5:32 PM
The stock market rally that began yesterday afternoon extended into overseas trading last night and into this morning's trading session. Optimism in e...
Tue, May 25 2010, 10:14 AM
Loan Quality Initiative Reminder; Pricing Discrepancies Explained; More Mortgage Jobs; Primer On Case-Shiller Index; Plenty Of Investor Updates
Tue, May 25 2010, 6:29 PM
Overnight, stock markets around the world sold off due to continued debt concerns across Europe and tensions between North and South Korea. Stocks ope...
Tue, May 25 2010, 3:38 PM
The big question everyone is asking: The Home Buyer Tax Credit Has Expired. Will Home Sales Improve, Contract, or Go Sideways?
