Wed, May 5 2010, 10:11 AM
Cinco de Mayo: HAMP Incentives Denied to NonCompliant Servicers? High Balance Loans; Penny Mac Earnings; Flood Zone Alert
Tue, May 4 2010, 10:05 AM
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season. The Pending Home Sal...
Tue, May 4 2010, 8:11 AM
European concerns won’t go away. Investors remain focused on the Greek rescue package and what it means for the rest of the Eurozone, and that’s setti...
Tue, May 4 2010, 6:05 PM
The market's nervous sentiment surrounding Greece carried over into today's trading session which has once again led to a flight to safety into the bo...
Mon, May 3 2010, 10:39 AM
Fannie Mae Cuts Interest Only Program and Releases ARM Updates; FDIC Shuts Down Seven More Banks; Citi; MGIC, Foreclosures,
Mon, May 3 2010, 8:24 AM
Overseas stock markets are mostly in the red this morning, but equity futures at home are pointing to a strong open head of spending, manufacturing, a...
Mon, May 3 2010, 4:16 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to Friday’s repriced sheets. The par 30 year conventional rate m...
Thu, Apr 29 2010, 11:15 AM
Originators Face Moral Dilemma: Cheer On The Economy or Root For Low Mortgage Rates; Ginnie Issuance Down in March; Greek Ramificationsnews from Fanni...
Tue, Apr 27 2010, 11:06 AM
While this release seems scary, I must remind that this report covers FEBRUARY and existing home sales and new home sales were first seen rising in MA...
Tue, Apr 27 2010, 5:23 PM
S&P, the ratings agency, downgraded Greece's government debt to junk status earlier in the day. This was an unexpected event and resulted in stocks se...
Mon, Apr 26 2010, 10:26 AM
"FHA IS THE WAY" has been the motto of many a mortgage banker and broker since the collapse of the secondary mortgage market in 2007. The attached ch...
Mon, Apr 26 2010, 10:14 AM
Fed vacancies; FDIC targets Illinois; USDA update; MI news; New Homes figures of interest
Fri, Apr 23 2010, 11:04 AM
Sales of new single-family houses in March 2010 were at a seasonally adjusted annual rate of 411,000. This is 26.9 percent (±21.1%) above the revised ...
Fri, Apr 23 2010, 10:20 AM
Ratings Agency Primer; More on the Non-Agency Mortgage Market; Wells Fargo Still Battling Baltimore; Swimming Pool Requirement
Fri, Apr 23 2010, 8:13 AM
As European equities climb higher on Friday, the US stock market is looking to open on a positive note following a late rally yesterday. Dow futures a...
Fri, Apr 23 2010, 6:31 PM
Mortgage rates bounced around a tight range for most of the week. There wasn't much in the way of news to motivate movement in the first three days of...
Thu, Apr 22 2010, 8:31 AM
Stocks fell across Europe and Asia fell Thursday after Greece revealed that its 2009 deficit was a worse than anticipated 13.6% of GDP, against expect...
Thu, Apr 22 2010, 5:57 PM
The Department of Treasury announced the terms of next week’s debt offering. They will sell $44 billion 2 year notes, $42 billion 5 year notes, $32...
Thu, Apr 22 2010, 1:42 PM
The NAR's comments sum up the month best: “The home buyer tax credit has been a resounding success as these underlying trends point to a broad stabili...
Wed, Apr 21 2010, 10:25 AM
Besides the pool of potential homebuyers who might be waiting for the tax credit to expire (in hopes of home prices falling further as a portion of de...
Wed, Apr 21 2010, 10:19 AM
FHA Issues Final Rule on Lender Approval Process; No Guarantee Tax Credit Loan Close By June 30; Several Investor Updates
Tue, Apr 20 2010, 12:20 PM
Fannie Mae: "We believe that the recent pickup in mortgage rates will not be sustained. Our view on mortgage rates is little changed from the previous...
Mon, Apr 19 2010, 10:59 AM
Flood Insurance Extension; Citi earnings; More Discussion on Goldman Sachs News; Updates from BofA, Flagstar, Pinnacle, GMAC, AmTrust, USB
Mon, Apr 19 2010, 8:36 AM
With little economic data released until Thursday this week, investor attention should remain focused on first-quarter earnings releases, plus continu...
Mon, Apr 19 2010, 3:54 PM
It was a very slow day on Wall Street as most market participants are still trying to figure out if the Goldman Sachs news is going to spread around t...
Fri, Apr 16 2010, 8:22 AM
US equities have been rising for the past six trading days, but even though first-quarter earnings continue to roll in with positive results, the futu...
Fri, Apr 16 2010, 1:29 PM
Building permits are on the rise from record low levels, but builders are not using them, housing starts are essentially stagnant.Isn't that a good th...
Tue, Apr 13 2010, 10:45 AM
The Magnitude of the 2nd Mortgage Problem; Numerous Investor Bulletins; Banks and Hedge Funds Buying; SATO
Mon, Apr 12 2010, 8:33 AM
Although Monday begins the week on a slow note in terms of fresh data, the rest of the week is packed with housing data, retail sales, industrial prod...
Fri, Apr 9 2010, 11:10 AM
Sales of bank-owned properties and short sales as a percentage of all existing home sold are again nearing the record levels set last Spring according...
Wed, Apr 7 2010, 12:54 PM
The National Association of Realtors is reporting that sales of vacation homes rose at a greater rate than overall home sales in 2009. Investment-hom...
Tue, Apr 6 2010, 10:25 AM
More flood insurance updates worth noting; seller financing increasing; problems with modifying 2nds
Tue, Apr 6 2010, 5:19 PM
Treasury yields did move lower today and MBS prices rose which has allowed lenders to offer better pricing. With that said, I continue to favor floati...
Mon, Apr 5 2010, 8:34 AM
The Dow closed last Thursday at an 18-month high, and with equity investors now able to react to Friday’s nonfarm payrolls report, the market should o...
Mon, Apr 5 2010, 4:33 PM
The week ahead is fairly light on economic data with the highest impacting events coming starting on Tuesday with the release of the minutes of the mo...
Mon, Apr 5 2010, 1:42 PM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90...
Thu, Apr 1 2010, 11:11 AM
Total construction spending fell for a fourth straight month in February to the slowest pace since November 2002. While I do not doubt that constructi...
Tue, Mar 30 2010, 4:44 PM
David M.Blitzer, Chairman of the Index Committee at Standard & Poor’s, communicated the findings of the report quite well. “The report is mixed. While...
Mon, Mar 29 2010, 10:48 AM
Flood Insurance Program Not Extended; FHA MIP Reminder; Wells Fargo Jumbo Rollout; PIMCO Hiring; Bank Failures
Thu, Mar 25 2010, 11:23 AM
Loan Modification Buybacks; ACORN Closing State Chapters; Bank of America's FHA Flipping Policy & Principal Reduction Plan;
Wed, Mar 24 2010, 10:50 AM
After two days of a boring, low volume driven sideways tight range trading, rates volume has skyrocketed into this sell off with the majority of sell ...
Wed, Mar 24 2010, 9:53 AM
New FHA Compliance Manager; Long Road of Housing Reform Ahead; Short Sale Primer; PMI Freddie Mac Approved; FHA Delinquencies, Broker Pricing Opinions...
Wed, Mar 24 2010, 8:18 AM
The US dollar is strengthening and equity futures are sharply lower this morning ahead of key housing and durable goods data. Yesterday the Dow streng...
Wed, Mar 24 2010, 5:53 PM
Benchmark interest rates started rising early in the trading session, before MBS trading officially opened at 8am. Positive Durable Goods Orders data ...
Tue, Mar 23 2010, 10:13 AM
Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West. This i...
Tue, Mar 23 2010, 8:33 AM
After a sharply lower open yesterday, stocks edged forward in the first hour and continued a steady climb throughout the day to end roughly 0.50% high...
Tue, Mar 23 2010, 4:55 PM
The par 30 year conventional rate mortgage has once again declined to the 4.75% to 5.00% range for well qualified consumers .Over the past two days be...
Mon, Mar 22 2010, 11:04 AM
Citi "Re-Entering" Correspondent Channel; Reverse Mortgages; Updates From Almost Every Major Lender; Seven Bank Failures
Mon, Mar 22 2010, 8:58 AM
Financial markets don’t seem pleased by the $940 billion healthcare bill. One morning after the House of Representatives passed the President’s initia...
Mon, Mar 22 2010, 5:01 PM
It was a very slow day in the mortgage market. Mortgage-backed security prices opened lower which forced many lenders to publish mortgage rates higher...
