Thu, Sep 29 2016, 10:51 AM
Pending home sales were unable to sustain the slight upward tick experienced in July and resumed their downward trend in August, declining by 2.4 perc...
Thu, Sep 29 2016, 10:22 AM
Why are so many people holding on to mortgages with high interest rates? Sentiment? Inertia? Apparently not. In the current issue of CoreLogic's Marke...
Thu, Sep 29 2016, 9:54 AM
How is it that we only have two days left in September, and that it is National Coffee Day already? Maybe you’ll receive a free or discounted cup at K...
Thu, Sep 29 2016, 9:34 AM
Yesterday's moderate weakness in bond markets comes at at inopportune time for those hoping to see another push back to all-time lows (in either Treas...
Thu, Sep 29 2016, 5:09 PM
Bond markets were weaker overnight and continued pushing toward the first of two important resistance levels (think "ceilings") during the domestic se...
Thu, Sep 29 2016, 4:29 PM
Mortgage Rates were slightly higher again today, marking the second day spent pulling back from a nice move lower that followed last week's Fed announ...
Thu, Sep 29 2016, 2:06 PM
The lack of housing affordability is rising among the 414 U.S. counties tracked by ATTOM Data Solutions. ATTOM, the new parent company of RealtyTrac, ...
Thu, Sep 29 2016, 2:01 PM
Sales of distressed homes, both lender-owned properties (REO) and short-sales continue to decline but are still at levels nearly four times what is co...
Wed, Sep 28 2016, 10:32 AM
The all-cash share of residential sales dipped below 30 percent in June, the first time this has happened since 2007. CoreLogic said on Tuesday that c...
Wed, Sep 28 2016, 10:29 AM
To understand the top-line story in the Urban Institute's (UI's) latest Chartbook released on Monday one has to go back to another UI paper published ...
Wed, Sep 28 2016, 9:30 AM
What do attorneys and judges think of compliance? Here's a nice write up , but it is important that incentives match your company's compliance goals, ...
Wed, Sep 28 2016, 9:21 AM
I talk a lot about " trends "--a word that's easy enough to understand in a general sense, but more esoteric when we try to understand it in specific ...
Wed, Sep 28 2016, 8:39 AM
The Mortgage Bankers Association (MBA) reported hardly a ripple in the mortgage market during the week ended September 23. Its Market Composite Index,...
Wed, Sep 28 2016, 5:33 PM
It was an interesting day for bond markets, mainly because there was such an immense amount of news that SEEMED like it should matter. The deluge o...
Wed, Sep 28 2016, 4:57 PM
Mortgage Rates finally took a break from their recent winning streak today. While there are a few lenders whose rates are just a hair lower than yeste...
Tue, Sep 27 2016, 10:38 AM
Fannie Mae has announced the implementation of a new version of its automated underwriting system . The company said Version 10.0 of Desktop Underwrit...
Tue, Sep 27 2016, 10:35 AM
While the annual gains in its nationwide index accelerated slightly in July the S&P CoreLogic Case-Shiller 10- and 20-City Composite Indices showed a ...
Tue, Sep 27 2016, 9:48 AM
The media, both social and unsocial, are filled with thoughts about the presidential debate last night. Housing was not an issue, since, overall, thin...
Tue, Sep 27 2016, 9:35 AM
Heading into last night's presidential debate, there had been a small amount of buzz among market participants about the potential ifs and thens. T...
Tue, Sep 27 2016, 4:31 PM
Glory was limited, in general, today. Most of it went to Treasuries as opposed to MBS. Put in plainer terms, 10yr yields fell 2-3bps on the day whil...
Tue, Sep 27 2016, 3:52 PM
Mortgage Rates maintained their recent winning streak today, falling for the 5th straight day. The average lender is now offering the best rates in ne...
Mon, Sep 26 2016, 11:00 AM
After a spectacular run for new home sales in July, it was anticipated that August activity would be considerably more modest. While sales did retrenc...
Mon, Sep 26 2016, 10:10 AM
It seems that money managers and financial journalists will not relent in their calls for US bond yields to have reached a long-term floor this summer...
Mon, Sep 26 2016, 9:33 AM
Tonight we can all watch a big job interview on TV at 9PM ET. And whether it is money or other things, sometimes you if don’t ask for it, you won’t ge...
Mon, Sep 26 2016, 4:57 PM
Up until roughly September 9th, yields had been holding inside a narrow, consolidating range for nearly 3 months. They've since spent most of the pas...
Mon, Sep 26 2016, 3:50 PM
Mortgage Rates were lower again today, marking the 4th straight day of improvements and the 8th day without a meaningful increase. This brings the ave...
Mon, Sep 26 2016, 2:27 PM
Black Knight Financial Services released its Home Price Index (HPI) report for July on Monday and, unlike reports from CoreLogic and the Federal Housi...
Fri, Sep 23 2016, 10:45 AM
Refinancing jumped to 43 percent of all loans originated in August, a 6 percentage point higher share than in July. Ellie Mae's Origination Insight Re...
Fri, Sep 23 2016, 9:50 AM
While the industry is buzzing about how Wells Fargo has unfortunately killed any chance to reform the CFPB (i.e., cutting back its power or structure)...
Fri, Sep 23 2016, 9:42 AM
Bond markets have been surprisingly calm this week, given what's at stake. 3 weeks ago, we were faced with the new prospect of the European Central B...
Fri, Sep 23 2016, 3:58 PM
For MBS Live members, this recap will largely be a rehash of the day's most recent update which pointed out a consolidative range in force over the pa...
Fri, Sep 23 2016, 2:38 PM
Mortgage Rates continued steadily lower today, adding to a string of improvements that brings them to their best levels in more than 2 weeks. Rates ha...
Thu, Sep 22 2016, 11:09 AM
Sales of existing homes slowed for the second consecutive month in August according to data released on Thursday by the National Association of Realto...
Thu, Sep 22 2016, 10:05 AM
It’s not that difficult to tell alligators and crocodiles apart. One will see you later; the other will see you in a while. What a difference a word m...
Thu, Sep 22 2016, 9:54 AM
Home price increases appear to have accelerated in most of the country in July as compared to June according to data released on Thursday by the Feder...
Thu, Sep 22 2016, 9:43 AM
The Fed announcement is in the rearview and bond markets are beginning their 3rd straight day of improvement. Does this mean last week's sharper move...
Thu, Sep 22 2016, 4:11 PM
Mortgage Rates made more substantial gains today, after financial markets had more time to react to yesterday's announcement from the Federal Reserve....
Thu, Sep 22 2016, 1:45 PM
Mortgage prepayments, generally a good indicator of refinance activity , skyrocketed in August. According to Black Knight Financial Services "first lo...
Wed, Sep 21 2016, 9:53 AM
A Brad Pitt & Angelina Jolie split? Say it ain’t so! It should be a private matter, but think of all the time they, and the press, invested in their r...
Wed, Sep 21 2016, 9:27 AM
Bond markets had two central bank announcements to endure today, and the first one is already out of the way, sort of... The Bank of Japan unleashed ...
Wed, Sep 21 2016, 8:57 AM
Mortgage rates crept higher during the week ended September 16, and mortgage applications, while rebounding from the previous holiday-shortened prior ...
Wed, Sep 21 2016, 5:41 PM
It was an interesting Fed day for bond markets, with 10yr yields dropping 3.8bps and 2yr yields not dropping at all. That's the first clue that mar...
Wed, Sep 21 2016, 5:13 PM
"Credit unions are thriving " in the words of Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB). He told members of the Nat...
Wed, Sep 21 2016, 5:04 PM
If nothing else, the headline of this months' Outlook from Freddie Mac was a grabber. "Mortgage Originations Poised to Surge," it read, and what follo...
Wed, Sep 21 2016, 4:36 PM
Mortgage Rates made modest gains in some cases today, though many lenders are in roughly the same territory as yesterday. Things could be worse, howev...
Wed, Sep 21 2016, 2:02 PM
(additions underlined, deletions struck-through)
For immediate release
Information received since the Federal Open Market Committee met in June...
Tue, Sep 20 2016, 10:15 AM
Fannie Mae says that early bets on third quarter economic growth are around 3.0 percent which has the Federal Reserve talking again about raising the ...
Tue, Sep 20 2016, 10:04 AM
All three measures of residential construction activity fell in August compared to the July numbers and one, building permits, continued to lag year-a...
Tue, Sep 20 2016, 9:33 AM
Bill C. writes, “I found a new pitchman for the mortgage industry (at least in Russia). President Vladimir Putin advises people to take out mortgages ...
Tue, Sep 20 2016, 9:09 AM
The approach to this week's big-ticket events has been very straightforward so far. This has been aided, no doubt, by the absence of other signific...
