Mon, Sep 14 2015, 3:24 PM
CoreLogic has released figures showing that residential real
estate in 14 of the 100 top real estate markets in the country were overvalued
in the s...
Fri, Sep 11 2015, 12:36 PM
The Mortgage Bankers
Association has rolled out a series of flyers and a PowerPoint presentation as
resources ahead of the impending implementation ...
Fri, Sep 11 2015, 12:20 PM
At yesterday's close, bond markets were once again pushing the upper limits of the pre-Fed range. As I discussed this morning , bond markets are ci...
Fri, Sep 11 2015, 10:15 AM
Is the residential loan officer job at a bank
going to go the way of the pinsetter in a bowling alley, the guy who
delivered blocks of ice for the...
Fri, Sep 11 2015, 7:33 AM
Everyone knows the Fed is considering hiking its target rate for the first time in 9 years , bringing it up from all-time lows for the first time in ...
Fri, Sep 11 2015, 4:38 PM
"What is the matrix?"
This could easily have been typed by an inquisitive bond market as it sought to better understand the mysteries of its own ex...
Fri, Sep 11 2015, 3:56 PM
Mortgage rates are doing absolutely everything in their power to avoid making any sudden movements ahead of next week's potential volatility. I...
Fri, Sep 11 2015, 1:57 PM
Data collected from lenders under the
mandate of the Home Mortgage Disclosure Act (HMDA) is due to be released later
this month but CoreLogic is adv...
Thu, Sep 10 2015, 12:33 PM
While sales of lender owned real estate
(REO) and short sales continue to account for around one-fifth of all home
sales in at least five states the...
Thu, Sep 10 2015, 12:09 PM
Bond markets have been under modest pressure today with the focus again being on corporate debt issuance. Equities markets have played a supporting r...
Thu, Sep 10 2015, 10:22 AM
For
those who follow legal news, and those interested in not only "blowing
the whistle" on other companies but also in "ratting out" co-workers an...
Thu, Sep 10 2015, 10:05 AM
Applications for mortgages to purchase newly constructed
homes dropped by 6 percent in August according to the Mortgage Bankers
Association (MBA)....
Thu, Sep 10 2015, 7:33 AM
I was getting ready to write something for today's headline along the lines of "econ data merely a sideshow for supply." The point would have been th...
Thu, Sep 10 2015, 5:04 PM
Even as stock markets have only managed to recover half of their losses from yesterday, longer-maturity Treasuries have nearly retraced the entire m...
Thu, Sep 10 2015, 4:21 PM
Mortgage rates were not able to build on yesterday's modest improvements. Most lenders ended up back in line with their worst recent levels. Tha...
Wed, Sep 9 2015, 9:42 AM
Yes, this commentary posts job and product announcements, and there are some today. But here's a tip, job-seekers: be careful about what you send to ...
Wed, Sep 9 2015, 9:34 AM
Whether they were concerned about the possibility of rising rates or
merely clearing the decks in anticipation of the last week of psychological
sum...
Wed, Sep 9 2015, 7:33 AM
One of the noticeable themes on the MBS Live dashboard yesterday was that of MBS ' outperformance .' In other words, MBS were holding steady to sligh...
Wed, Sep 9 2015, 5:42 PM
Mortgage rates ended the day in just slightly stronger territory compared to yesterday's latest levels. This definitely wasn't the case if you lo...
Wed, Sep 9 2015, 5:41 PM
Today's trading session began with bonds in only slightly weaker territory. The overnight session brought general pressure from stronger global equit...
Wed, Sep 9 2015, 4:59 PM
The changes to FHA loan qualification
criteria, originally scheduled for implementation in June, will instead
be implemented on the 15 th of this...
Wed, Sep 9 2015, 1:34 PM
It's the same old story for MBS: Treasuries are getting hit hard by supply pressure, both from fairly epic levels of corporate bond issuance and the r...
Tue, Sep 8 2015, 12:51 PM
Nationwide home equity has increased by
nearly $1 trillion in the 12 months ended in May. Equity is now at the highest level since
2007. In this ...
Tue, Sep 8 2015, 12:08 PM
NFP Friday saw bond markets make a weak attempt to break an extended sideways range. Today's trading activity has quickly ferried yields and prices ...
Tue, Sep 8 2015, 10:41 AM
Foreclosure statistics continue to fall, month after month
but seemingly never reach bottom or even normal levels. Anyone care to revisit Zeno's ...
Tue, Sep 8 2015, 10:33 AM
Unfortunately
I continue to receive e-mails asking complex TRID questions, better
directed to investors or the CFPB, about regulatory details, the...
Tue, Sep 8 2015, 7:33 AM
Market participants had high hopes for last week's data. It stood a good chance to help inform the consensus on the Fed's upcoming policy announcemen...
Tue, Sep 8 2015, 5:31 PM
Mortgage rates moved back up into their recent indecisive range today, foiling a halfhearted attempt to move lower late last week. Much of the in...
Tue, Sep 8 2015, 5:31 PM
It was an exceptionally flat day for MBS with Fannie 3.5s holding between 103-24 and 103-27 for the entire session. More than 90% of today's trades...
Tue, Sep 8 2015, 3:00 PM
Fannie
Mae's Economic & Strategic Research Group have taken the company's National
Housing Survey (NHS), conducted since 2011, and attempted to dist...
Fri, Sep 4 2015, 10:58 AM
Back
to school? The U.S. Census Bureau has come to the rescue with a lot of
forgettable numbers - but those actuary and statistics majors have to ...
Fri, Sep 4 2015, 7:20 AM
We've now made it through NFP week without having any "pre-NFP lead-off." That's the pattern we occasionally see where bond markets will quickly snow...
Fri, Sep 4 2015, 6:16 PM
There are no 2 ways about it: NFP was a non-event. Not only did it produce far less of a reaction when compared to other instances of NFP Fridays, it...
Fri, Sep 4 2015, 4:22 PM
Mortgage rates fell to their lowest levels in more than a week today, following the release of August's official employment figures. The previous...
Fri, Sep 4 2015, 1:05 PM
The frustrating thing about today is that we can't really know if NFP came in at just the right levels to avoid stirring the pot too much, or if mar...
Thu, Sep 3 2015, 11:39 AM
“Papa
was a rolling stone. And all he left us was a loan, loan, loan..."
Liberties with the Temptations lyrics aside, it has been 43 years ago
t...
Thu, Sep 3 2015, 11:31 AM
Mortgage credit access continued to improve again in August
the Mortgage Bankers Association (MBA) said on Thursday. The trade group's Mortgage Cred...
Thu, Sep 3 2015, 7:33 AM
Labor Day deserves its name on Wall Street and in Washington. It's hard to explain, but there's definitely some sense of "getting back to business" ...
Thu, Sep 3 2015, 6:08 PM
Mortgage rates continued their recent trend of almost imperceptible movement today. This time, things improved ever-so-slightly with most lenders...
Thu, Sep 3 2015, 6:08 PM
Miraculously (and sarcastically) bond markets were little-changed overnight. The first cues for movement came from the ECB's press conference where D...
Thu, Sep 3 2015, 4:00 PM
Freddie Mac's long-time chief economist Frank Nothaft
departed some months ago to take the same role at CoreLogic and that vacancy at
the mortgage c...
Thu, Sep 3 2015, 3:50 PM
Two very different recent reports, one factual and one
theoretical, recently address the same issue; a re home prices too damn
high? And if so, ho...
Thu, Sep 3 2015, 1:09 PM
We're now far enough into the final pre-NFP day of the week to safely observe yet another instance of range-bound zigging and zagging . In other wor...
Wed, Sep 2 2015, 11:22 AM
By coming in at 190k vs a median forecast of 201k, today's ADP Employment data essentially abstained from strong comment on Friday's NFP. Because of ...
Wed, Sep 2 2015, 10:36 AM
Wells Fargo Funding's clients received a note yesterday that is of use to the entire industry involving a scam impacting the mortgage settlement proc...
Wed, Sep 2 2015, 8:39 AM
Last week was the strongest one on a relative basis for mortgage
applications in quite some time. The Mortgage Bankers Association (MBA) said
that...
Wed, Sep 2 2015, 8:13 AM
Let's consider some facts. Not only did most of August see rates converging on the same micro range as yesterday (discussed in Day Ahead ), but ther...
Wed, Sep 2 2015, 6:48 PM
In addition to its usual recap of economic
and housing indicators and future projections this week's edition of Freddie
Mac's Insights and Outlook ...
Wed, Sep 2 2015, 5:53 PM
Mortgage rates were almost flat again today . Most lenders were just a hair higher in costs vs yesterday. The most prevalent conventional 30yr fi...
Wed, Sep 2 2015, 5:52 PM
Another swing and another miss for today's economic data. It had an opportunity to kick start what stands a good chance to be a fairly big move in mu...
