Thu, May 9 2019, 9:01 AM
Attributes like trust, humility, honesty, and transparency aren’t traits assigned to websites focused on originating loans. Human capital is valuable,...
Thu, May 9 2019, 8:11 AM
Just days after Ginnie Mae issued a Request for Input seeking advice on ways to tighten its regulations in regard to VA loans, it appears the governme...
Wed, May 8 2019, 5:24 PM
First thing in the morning, it looked like we had a chance to see another trade-war-driven bond rally. A Reuters story that detailed the US/China com...
Wed, May 8 2019, 4:42 PM
Mortgage rates began the day in decent shape after more trade war drama courtesy of a Reuters story overnight. In general, trade war drama pushes stoc...
Wed, May 8 2019, 11:30 AM
Freddie Mac periodically looks at how and from where homebuyers are managing to acquire their down payments and they did so , particularly first-timer...
Wed, May 8 2019, 9:07 AM
In the day just passed, bonds continued to rally as more details about recent trade war drama unfolded. Actually, those details unfolded late Monday ...
Wed, May 8 2019, 9:00 AM
VA mortgage lenders hit with federal subpoenas ? Apparently. Secondary markets (the demand for loans and what investors are willing to pay for them) d...
Wed, May 8 2019, 8:16 AM
Even though mortgages rates have declined over the last several months, consumers remain bearish about buying a home. Fannie Mae said net positive res...
Wed, May 8 2019, 8:11 AM
Freddie Mac is undertaking a new initiative designed to align the servicing process to a more customer service focus, especially for distressed homeow...
Wed, May 8 2019, 8:06 AM
After four straight weeks of declines, mortgage application activity finally gained ground during the week ended May 3. The Mortgage Bankers Associati...
Tue, May 7 2019, 6:15 PM
For the second straight day, US/China trade relation uncertainty dominated financial markets. Volume was up across the board with Treasury yields and...
Tue, May 7 2019, 5:53 PM
Mortgage rates didn't move much today, if at all. This is confounding to all those who have watched rates against the backdrop of 10yr Treasury yields...
Tue, May 7 2019, 10:52 AM
Home price growth continued to slow on an annual basis in March. The CoreLogic Home Price Index (HPI) shows home prices increased from the previous Ma...
Tue, May 7 2019, 8:53 AM
In the day just past, a weekend Trump tweet announcing increased tariffs on China sent bond yields and stock prices much lower. Both bounced back thr...
Tue, May 7 2019, 8:36 AM
If you want to have more of your financial future tied to lending, PennyMac Mortgage Investment Trust (PMT) announced the pricing of an underwritten p...
Mon, May 6 2019, 5:13 PM
Today represented a classic example of the old market adage "buy the rumor, sell the news." It also offered two different takes on that strategy fr...
Mon, May 6 2019, 4:17 PM
Mortgage rates dropped noticeably this morning as financial markets opened sharply changed from Friday's latest levels thanks to Trump trade tweets ov...
Mon, May 6 2019, 9:09 AM
Welcome to May 6th, the anniversary of the first tequila hangover. (Yes, for those of you who wrote, I know that May 5 is not Mexican Independence Day...
Mon, May 6 2019, 8:59 AM
The week begins with bonds trading in much stronger territory thanks to a surprise US/China trade announcement from Trump over the weekend. This cha...
Mon, May 6 2019, 8:44 AM
Prepayment rates historically tend to increase in the spring, but this year they have been exceptionally high. The rate has risen during March in 18 o...
Fri, May 3 2019, 5:28 PM
Bond traders can book profits on bond purchases by selling, or on bond sales by buying. Today was characterized by the latter.
Logically, traders...
Fri, May 3 2019, 5:02 PM
Mortgage rates were flat today, which is a victory considering the big jobs report was stronger than expected. Typically, labor market strength--espec...
Fri, May 3 2019, 1:10 PM
Ginnie Mae has issued a formal request for input regarding changes to its II Multi-Issuer Program (GII MIP). That program represents almost a third of...
Fri, May 3 2019, 9:08 AM
On the trading desk we would always chuckle when someone would occasionally cry out, “Oh! I was working so hard I forgot to eat!” Really? One thing is...
Fri, May 3 2019, 8:22 AM
In the day just past, bonds sold off due to what appears to be market dissatisfaction with a hawkish message from the Fed. This largely came courtesy...
Thu, May 2 2019, 5:38 PM
Treasuries weakened today as traders continued to price out a friendly Fed. This wasn't necessarily destined to be the case after yesterday's Fed Ann...
Thu, May 2 2019, 5:21 PM
The government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac released their first quarter financial results on Wednesday. Both had slightly ...
Thu, May 2 2019, 5:04 PM
Mortgage rates didn't move much today, but the average lender is quoting microscopically higher rates, if anything. Week-over-week, it wouldn't be unf...
Thu, May 2 2019, 10:31 AM
2.50% has been more than just a reasonably round number marking the midpoint between 2.0% and 3.0% as far as 10yr Treasury yields are concerned. Actu...
Thu, May 2 2019, 9:28 AM
I was on a flight yesterday to Orlando for the MBAG annual conference on the coast. The plane was packed, half with 4-13-year-old passengers bound for...
Wed, May 1 2019, 5:02 PM
The overnight session was very quiet for bonds with most major markets closed for various holidays. The first meaningful movement followed the ISM Ma...
Wed, May 1 2019, 4:37 PM
Mortgage rates finally moved in a direction that wasn't "up" today. That said, it's debatable whether the direction would be best described as "lower"...
Wed, May 1 2019, 2:02 PM
Information received since the Federal Open Market Committee met in January March indicates that the labor market remains strong but and that g...
Wed, May 1 2019, 12:20 PM
Publicly and privately funded construction put in place in March had an estimated value of $1.282 trillion on a seasonally adjusted annual basis. This...
Wed, May 1 2019, 9:21 AM
Why don't you ever see the headline, “Psychic Wins Lottery?” Some people believe that economists have the ability to predict rates, bookmakers have th...
Wed, May 1 2019, 9:04 AM
Although the 10am ISM Manufacturing Report can definitely have an impact on bonds today, The 2pm FED Announcement at 2:30pm press conference is th...
Wed, May 1 2019, 8:14 AM
Despite a decline in interest rates, mortgage volume took a significant hit during the week ended April 26. The Mortgage Bankers Association (MBA) rep...
Tue, Apr 30 2019, 5:49 PM
Open up MBS Live today and you'll be greeted with plenty of reassuring green numbers and positive reprice notifications. Unfortunately, those repri...
Tue, Apr 30 2019, 5:17 PM
Mortgage rates moved up again today, despite modest improvement in the bond market (which typically coincides with lower rates). Part of the reason fo...
Tue, Apr 30 2019, 4:55 PM
Freddie Mac's April economic forecast focuses on interest rates and their impact on housing as the company's Economic & Housing Research Group revises...
Tue, Apr 30 2019, 11:03 AM
The yield curve--technically a reference to the full spectrum of Treasury yields versus duration/maturities (i.e. 2, 3, 5, 7, 10, 30 years), but often...
Tue, Apr 30 2019, 10:44 AM
The S&P CoreLogic Case-Shiller Indices for February continue to show a slowdown in home price gains on a year-over-year basis although all of the mont...
Tue, Apr 30 2019, 10:10 AM
Pending home sales posted a second solid performance in 2019 , with home purchase contract signings in March recovering from their slight dip in Febru...
Tue, Apr 30 2019, 9:02 AM
Well, we’ve sailed through another perfectly good month. Wasn’t it just New Years? There are plenty of interesting things going on in residential lend...
Tue, Apr 30 2019, 8:13 AM
CoreLogic says that, while the incidence of mortgage fraud has remained relatively stable in recent quarters, income fraud remains a growing problem. ...
Mon, Apr 29 2019, 5:58 PM
Friday was pretty great for bond markets. It was a solid day of gains at the end of a week where we'd already had two other solid days of gains. A...
Mon, Apr 29 2019, 5:29 PM
Mortgage rates moved up today, but at a fairly tame pace in the bigger picture. The rest of the week, however, may not be as tame. There are multiple ...
Mon, Apr 29 2019, 10:28 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 8.0 percent in March, growing from 3.0 percent the...
Mon, Apr 29 2019, 9:55 AM
This is a very big weak in terms of economic data and its relationship with bond market trading levels. In a nutshell, yields dropped sharply into a ...
Mon, Apr 29 2019, 9:08 AM
When I was a kid in California, as with my parents and their parents, and their parents, flowers and fruits had seasons. Roses bloomed in the spring. ...
