Mon, Aug 10 2020, 4:17 PM
New research by dv01, a loan data agent (LDA) providing securitization reporting and analytics on consumer unsecured, mortgage, small business, and st...
Mon, Aug 10 2020, 4:13 PM
Treasuries Looking Nervous, But MBS Outperform
Treasury yields are attempting to move up and over the techni...
Mon, Aug 10 2020, 9:22 AM
August began with bonds pushing several positive boundaries. 10yr yields had just broken a technical floor at .57//58 and 2.0 UMBS were enjoying a su...
Mon, Aug 10 2020, 9:08 AM
“Paranoia is out of control: This morning, while reviewing this commentary, I sneezed in front of my laptop and the anti-virus software started a scan...
Fri, Aug 7 2020, 3:01 PM
More Defensive After Jobs Report, But Not Necessarily Because of it
The jobs report was hard-pressed to live...
Fri, Aug 7 2020, 2:38 PM
Fannie Mae's Home Purchase Sentiment Index (HPSI) faltered a bit in July as it tried to recover from its 29.5-point aggregate plunge in March and Apri...
Fri, Aug 7 2020, 9:12 AM
Let me get this straight. It’ll take a year or two for a cure for a virus that can be killed with hand sanitizer, soap, and hot water? COVID is drivin...
Fri, Aug 7 2020, 8:30 AM
There was a significant decline in the number of active COVID-19 related forbearance plans over the past week, but that decrease did not necessarily m...
Fri, Aug 7 2020, 8:29 AM
No other piece of scheduled monthly economic data has a better track record of influencing the bond market than nonfarm payrolls. There are stretches...
Thu, Aug 6 2020, 5:05 PM
There are quite a few more new stories than normal about mortgage rates today. Most of them are wrong. This one is not, and it's pretty easy to see wh...
Thu, Aug 6 2020, 4:49 PM
Bonds Generally Consolidating Ahead of Jobs Report
MBS were higher today, but for the week as a whole, they'...
Thu, Aug 6 2020, 11:43 AM
Foreign buyers cut back their investment in U.S. residential properties over the 12 months that ended in March. It was the second year-over-year decli...
Thu, Aug 6 2020, 10:07 AM
Yesterday's bond market weakness prompted a conversation about the limits of the current rally. It went a little something like this (<----that's a l...
Thu, Aug 6 2020, 9:21 AM
Originators and lenders are having a great summer from income and profitability perspectives. The thick margins are making managers look like champs, ...
Wed, Aug 5 2020, 5:18 PM
Mortgage rates cooled off today, rising for the first time since July 27th for the average lender. Between now and then we've seen a string of what ha...
Wed, Aug 5 2020, 4:07 PM
Is The Rally Meeting Resistance or Just Consolidation?
With modest overnight weakness and a small negative r...
Wed, Aug 5 2020, 9:58 AM
Home prices increased in June at the fastest pace in more than seven years. CoreLogic said its Home Price Index (HPI) rose 1.0 percent from May, the l...
Wed, Aug 5 2020, 9:31 AM
With modest overnight weakness and a small negative reaction to this morning's headlines (ADP and Treasury issuance), bonds may be encountering some m...
Wed, Aug 5 2020, 9:23 AM
Since eating inside a restaurant is problematic, now’s the perfect time to eat better at home, get fit, and stay healthy. Never mind: Who are we tryin...
Wed, Aug 5 2020, 8:20 AM
Mortgage application volume declined during the week ended July 31 even as mortgage interest rates reached another all-time low. The Mortgage Bankers ...
Tue, Aug 4 2020, 4:51 PM
Mortgage rates are on a tear, with the average lender easily hitting new all-time lows today. How low is that? At this point it's safe to say that any...
Tue, Aug 4 2020, 4:11 PM
Bonds Continue Pushing The Record Pace, But MBS Are Lagging
Yesterday we asked what would come next for bond...
Tue, Aug 4 2020, 10:11 AM
Sure, you’re making bank now, but are you planning for next year? Is your company doing anything to “team up”? Many lenders, vendors, and real estate ...
Tue, Aug 4 2020, 9:49 AM
While there's no way to know how the day will wrap up for the MBS market, we know how it's starting out. We also know how 4 of the past 5 days have s...
Mon, Aug 3 2020, 4:31 PM
Construction spending held firm in June, inching down fractionally from the May level and increasing a bit compared to June 2019. The U.S. Census Bure...
Mon, Aug 3 2020, 4:31 PM
Bonds Defend New Territory
Now that bonds have broken through previous resistance levels (.58 in 10yr yields...
Mon, Aug 3 2020, 11:56 AM
In the second quarter of 2020, 11 percent of American adults were planning on purchasing a home over the next 12 months, and of those, almost half wer...
Mon, Aug 3 2020, 11:52 AM
The last report from Freddie Mac put its 30-year fixed rate mortgage (FRM) at 2.99 percent, up 1 basis point from the all-time low. Black Knight, in i...
Mon, Aug 3 2020, 10:40 AM
The National Home Builders Association (NHBA) has been saying since the COVID-19 virus first began to ravage the economy, that it might be housing tha...
Mon, Aug 3 2020, 9:23 AM
Now that bonds have broken through previous resistance levels (.58 in 10yr yields and 103.00 in 2.0 UMBS), what comes next? Rather than look for fast-...
Mon, Aug 3 2020, 8:57 AM
Remember a month ago, heading into the July 4th weekend, a resurgence of Covid-19 cases (which many officials attributed to large Memorial Day gatheri...
Fri, Jul 31 2020, 5:09 PM
Mortgage rates have fallen more aggressively than ever and they've been remarkably willing to set record after record. So is there any reason you shou...
Fri, Jul 31 2020, 5:04 PM
All-Time Levels All Around. Here's How To Play It
Another day, another opportunity for MBS prices to hit re...
Fri, Jul 31 2020, 10:20 AM
As of Wednesday, there were 4.102 million mortgages in forbearance plans. This is 7.7 percent of the 53 million loans in servicer portfolios. Black Kn...
Fri, Jul 31 2020, 8:50 AM
There's no doubt you'll see excellent mortgage rates when this morning's rate sheets come out. Many lenders will be at or below their previous all-ti...
Fri, Jul 31 2020, 8:48 AM
Whether it is Northern Virginia or Lake Tahoe , we’re running out of houses. The pandemic has caused a buyer feeding frenzy away from apartments and c...
Thu, Jul 30 2020, 5:34 PM
The performance of mortgage loan servicers is lacking in the eyes of many of their customers, even this early in the pandemic driven recession. J.D. P...
Thu, Jul 30 2020, 5:32 PM
Both government supported enterprises (GSE) reported increased profits in the second quarter of 2020 compared to Q1. Fannie Mae said its net comprehen...
Thu, Jul 30 2020, 3:55 PM
Bonds Break The Range, But Mortgage Rates Are Dragging Their Feet
The simple version of the story: mortgage ...
Thu, Jul 30 2020, 9:42 AM
Lenders are “tonning it,” as indicated by Fannie Mae’s net income of $2.5 billion for the second quarter of 2020, compared with net income of $461 mil...
Thu, Jul 30 2020, 8:21 AM
Cases are made all the time. Some of them are surefire victories from the start. Others lack the evidence required for a compelling conclusion. The...
Wed, Jul 29 2020, 4:34 PM
Mortgage rates improved nicely overnight. The average lender's morning rates were very close to the lowest levels ever . This was a distinct possibili...
Wed, Jul 29 2020, 4:34 PM
Bonds Break Key Levels After Fed
Both MBS and Treasuries were right on the edge of their recent ranges headi...
Wed, Jul 29 2020, 2:02 PM
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum ...
Wed, Jul 29 2020, 10:59 AM
Pending home sales soared again in June, although the liftoff was relatively shallow compared to the 43 percent increase in May. The National Associat...
Wed, Jul 29 2020, 9:35 AM
You’ve made it to Hump Day yet again, and as a reward, how about this webcam shot of Warrior Canine Connection’s Puppy Cam ?! (Hey, it’s my commentary...
Wed, Jul 29 2020, 9:22 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 14.2 percent in June compared to a 5.5 percent gai...
Wed, Jul 29 2020, 9:13 AM
Pound for pound, nothing has more power to move the bond market than Federal Reserve Announcements. We'll get one at 2pm today, but it remains to be...
Wed, Jul 29 2020, 8:37 AM
Mortgage application volume declined for the first time in four weeks during the week ended July 24. The Mortgage Bankers Association (MBA) said is Ma...
Tue, Jul 28 2020, 5:05 PM
Mortgage rates did something over the past 3 days that they haven't done since early June . They moved sideways to slightly higher ! At the same time,...
