Wed, Dec 14 2016, 8:36 AM
First thing's first: the Fed will almost certainly hike today. I suppose we can't ever be truly certain of a particular outcome of a Fed meeting, b...
Wed, Dec 14 2016, 8:09 AM
Mortgage applications were down across the board during the week ended December 9. The Mortgage Bankers Association (MBA) said that its Market Composi...
Wed, Dec 14 2016, 7:14 PM
It's either the best thing or the worst thing in the world, depending on what kind of originator you are. On one hand , the outlook for the economy ...
Wed, Dec 14 2016, 3:57 PM
Mortgage rates skyrocketed (relatively) following today's rate hike from the Fed. It wasn't the rate hike itself, however, that markets find most trou...
Wed, Dec 14 2016, 2:06 PM
(additions underlined, deletions struck-through)
For immediate release
Information received since the Federal Open Market Committee met in Sept...
Tue, Dec 13 2016, 10:12 AM
The Mortgage Bankers Association (MBA) reports that applications for new home purchase mortgages were down 3 percent in November compared to October. ...
Tue, Dec 13 2016, 10:10 AM
Foreclosures in October 2016 were down by a quarter compared to the previous October and the foreclosure inventory shrank by nearly one third. CoreLog...
Tue, Dec 13 2016, 10:05 AM
Fannie Mae said new updates to its Collateral Underwriter® (CU) and Desktop Underwriter® (DU) should increase the speed and efficiency of lending and ...
Tue, Dec 13 2016, 9:24 AM
What is this, Europe? 20 weeks off for new parents at American Express? While we're on employment trends, I'm not sure if this will come as a surprise...
Tue, Dec 13 2016, 9:03 AM
Bond yields have been trending steadily higher even after the initial rout that followed the election. Based on several technical measurements, upwar...
Tue, Dec 13 2016, 4:53 PM
There are two ways to approach today's bond market movements, and they're quintessential examples of the "glass half empty/full" expression.
Gla...
Tue, Dec 13 2016, 4:10 PM
Mortgage rates started stronger out of the gate, but morning weakness in bond markets prompted many lenders to adjust rates higher by early afternoon....
Mon, Dec 12 2016, 12:10 PM
Another in a series of articles from Corelogic Senior Product Manager, MaiClaire Bolton, about assessing earthquake risk from a mortgage and insurance...
Mon, Dec 12 2016, 9:44 AM
“The Mile High City” has seen solid appreciation, but NAR expects that to slow in 2017. (Chicago is expected to put in the worst performance of the to...
Mon, Dec 12 2016, 9:04 AM
Fed policy is one of the biggest, most consistent market movers for bonds. With such a high likelihood of a hike, bond markets surely must be focu...
Mon, Dec 12 2016, 4:58 PM
We were hoping to see some traction for bond markets after today's Treasury auctions, and we got it! Unfortunately, the overnight session pushed yiel...
Mon, Dec 12 2016, 4:17 PM
Mortgage rates were mixed today, depending on the lender, as well as the time of day. Earlier this morning, most lenders were quoting slightly higher ...
Mon, Dec 12 2016, 2:23 PM
Multi-family housing, in the words of a Freddie Mac executive vice president, is on a roll . David Brickman says his company is on track to purchase a...
Fri, Dec 9 2016, 12:08 PM
A post on CoreLogic's blog just came to our attention. It was written (by Stuart Pratt, the company's newly appointed senior vice president of Governm...
Fri, Dec 9 2016, 10:51 AM
A post on CoreLogic's blog just came to our attention. It was written (by Stuart Pratt, the company's newly appointed senior vice president of Governm...
Fri, Dec 9 2016, 10:28 AM
Here’s something you won’t see in North America: the sale and transfer of 1.3% of the last mass of the continent. It just happened in Australia with t...
Fri, Dec 9 2016, 8:45 AM
Bonds weren't entirely clear in telling us if yesterday's ECB tapering announcement was a " good thing that simply needed to be digested," or if it...
Fri, Dec 9 2016, 4:29 PM
You're familiar with the sippy bird (or " drinking bird ")? For years, these little birds have been offering traders the ability to get out of the of...
Fri, Dec 9 2016, 3:13 PM
Mortgage rates rose meaningfully today, with most lenders coming close to the highest levels in more than 2 years (on December 1st). Keep in mind thou...
Thu, Dec 8 2016, 12:32 PM
Freddie Mac just announced that it has implemented Release 1, utilizing the Common Securitization Platform (CSP) . The Release was launched on Novembe...
Thu, Dec 8 2016, 10:57 AM
Analysts from the Urban Institute recently put a hard number on tight credit. The company says that lenders failed to make about 5.2 million mortgages...
Thu, Dec 8 2016, 10:48 AM
A dramatic uptick in consumer perceptions about household income kept Fannie Mae's Home Purchase Sentiment (HPSI) Index from tanking in November. Even...
Thu, Dec 8 2016, 10:40 AM
The number of "underwater" homeowners continued to decrease at a rapid pace in the third quarter of 2016 as home values grew. Negative equity, often r...
Thu, Dec 8 2016, 9:39 AM
“I find it ironic that the colors red, white, and blue stand for freedom, until they're flashing behind you.” The OCC doesn’t have flashing lights, bu...
Thu, Dec 8 2016, 8:26 AM
The European Central Bank (ECB) changed things up today, to some extent. Unlike the Fed, which always unveils its big policy changes in the "announ...
Thu, Dec 8 2016, 6:22 PM
Yesterday we discussed the rally in bonds as a function of short-covering . That meant traders were in a defensive position on Tuesday night--bettin...
Thu, Dec 8 2016, 5:42 PM
Mortgage rates were only somewhat higher today, on average, and some lenders were actually right in line with yesterday's offerings. All this despite ...
Wed, Dec 7 2016, 12:24 PM
Profit margins increased for mortgage lenders in the third quarter of 2015. The Mortgage Bankers Association (MBA) said independent mortgage banks and...
Wed, Dec 7 2016, 9:27 AM
Today is the 75th anniversary of the Japanese attack on the U.S. naval base at Pearl Harbor in Hawai’i where 2,403 Americans died and 1,178 were wound...
Wed, Dec 7 2016, 8:57 AM
Mortgage application activity was essentially flat on a seasonally adjusted basis during the week ended December 2 while swinging broadly on a non-sea...
Wed, Dec 7 2016, 8:54 AM
From time to time, we see various financial markets take a "lead-off." Just like in baseball, the lead-offs occur because the base-runner knows whe...
Wed, Dec 7 2016, 5:41 PM
"Big" is a relative term these days, to be sure. In fact, 4.8bps in 10yr yields and 10/32nds in Fannie 3.5 MBS prices isn't too terribly big, but...
Wed, Dec 7 2016, 5:03 PM
Mortgage rates moved moderately lower today, as financial markets positioned themselves for an important announcement from the European Central Bank (...
Tue, Dec 6 2016, 10:30 AM
Home price growth accelerated further in October according to CoreLogic. The company's Home Price Index (HPI) increased 6.7 percent from the prior Oct...
Tue, Dec 6 2016, 9:27 AM
Many years ago, it was a joke in Britain to say that, “the War Office was always preparing for the last war.” To their credit, regulators now often tr...
Tue, Dec 6 2016, 8:47 AM
I generally don't l ike the terms "oversold" (consistent weakness) and "overbought" (consistent strength). I think they lead to false confidence...
Tue, Dec 6 2016, 5:37 PM
Today's bond market trading range was the narrowest since the US presidential election, by far. 10yr yields held inside a paltry 2.9bp range (2.374 t...
Tue, Dec 6 2016, 4:44 PM
Mortgage rates barely budged today, with most lenders offering the exact same quotes as yesterday. While we have seen a few days with similar day-over...
Mon, Dec 5 2016, 12:05 PM
As everyone knows, interest rates shot up immediately in the wake of the November 8 presidential elections, triggered by a sell-off in Treasury bonds....
Mon, Dec 5 2016, 10:06 AM
Access to mortgage credit continued its recent upward trend in November. The Mortgage Bankers Association said on Monday that its Mortgage Credit Avai...
Mon, Dec 5 2016, 9:59 AM
Another piece of the President-elect Donald J. Trump's administration fell into place on Monday with the announcement that former Republican president...
Mon, Dec 5 2016, 9:50 AM
It is probably not the case that this date is celebrated by mortgage bankers from coast to coast, and forget the jokes about it being the “Mortgage Dr...
Mon, Dec 5 2016, 8:52 AM
This week, we'll finally get to see how much of an impact remains to be had for the European Central Bank (ECB) announcement. The ECB conducts their ...
Mon, Dec 5 2016, 5:29 PM
After today, we're left with a clearer picture of the prevailing short-term range in bond markets. The volatile reaction to the weekend's Italian ref...
Mon, Dec 5 2016, 3:34 PM
Mortgage rates were slightly higher today relative to last Friday's levels, leaving them near the 2-year highs seen last Thursday. Volatility continue...
