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?
Mon, May 24 2010, 10:52 AM
Extensive Updates From Citi and Chase; Extended Lock Fees; NMLS Deadlines; Approved Fraud Detection Vendors; Quarterly Bank Performance;
Mon, May 24 2010, 8:47 AM
Housing data, the secondary marketing conference in New York, Treasury auctions, plenty of Fed speak, revisions to 1Q GDP, Durable Goods, and Consumer...
Mon, May 24 2010, 5:21 PM
Mortgage rates capped off a great week in sour fashion last Friday. After four days of stock selling induced rate rallying, lenders were finally force...
Mon, May 24 2010, 3:16 PM
Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions,...
Tue, May 18 2010, 3:28 PM
The uptick in Housing Starts was expected as last minute buyers rushed to finalize sales contracts before the homebuyer tax credit expired on April 30...
Tue, May 18 2010, 1:07 PM
The number of homeowners who completed HAMP's mandatory 90 day trial period and were converted into permanent load modification status rose 68,000 to ...
Mon, May 17 2010, 4:33 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be marginally better today. The par 30 year conventional mortgage rate is in...
Mon, May 17 2010, 1:58 PM
Builder confidence in the market for newly built, single-family homes rose for a second consecutive month in May to its highest point since August 200...
Wed, May 12 2010, 10:57 AM
The removal of government funded homebuyer incentives is forcing loan originators, realtors, and builders to produce new promotion strategies and mode...
Tue, May 11 2010, 4:27 PM
While sales were down from the tax-credit fueled pace of Q4, the National Association of Realtors' latest sales survey shows an increase of median hom...
Wed, May 5 2010, 11:28 AM
"Purchase application activity continued to increase in the last week of the homebuyer tax credit program, driven by significant increases in both co...
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...
