Mon, Aug 3 2015, 10:17 AM
A
big topic at last week's MBA Hawaii annual conference was change in
the industry. As if residential lending doesn't have enough changes all
th...
Mon, Aug 3 2015, 7:33 AM
At times like this in bond market history, the collective psychology is akin to the cliche ne'er-do-well from a book or movie who has finally come i...
Mon, Aug 3 2015, 6:08 PM
Mortgage rates continued lower today , adding to an already impressive streak of improvement that began in mid-July. Much of that improvement has ...
Mon, Aug 3 2015, 6:02 PM
There were a few good years in the middle of the financial crisis recovery where inflation data just didn't matter. Various economic reports could in...
Mon, Aug 3 2015, 3:04 PM
Even though he has retired, don't you sometimes just want to
smack David Letterman? The popularity of
his Top 10 something or other lists have made...
Mon, Aug 3 2015, 1:38 PM
Public monies shored up construction spending figures in
June, just barely making up for a drop in expenditures from the private
sector. The U.S. C...
Fri, Jul 31 2015, 12:28 PM
Today's market mover came out of left field, and in a big way. The Employment Cost Index is typically a non-event, having only moved markets noticeab...
Fri, Jul 31 2015, 10:20 AM
A
rare blue moon (two full moons appearing in the same calendar month)
will be visible in the sky today for the first time in three years. We
wo...
Fri, Jul 31 2015, 9:02 PM
Get out your calendar. Flip, swipe, or glance back at May 29th. That's where we have to go to see mortgage rates any lower than they are today....
Fri, Jul 31 2015, 8:58 PM
This morning's Employment Cost Index came out of left field with sobering news for anyone counting on a 2015 Fed Rate hike. Fed Fund Futures (which m...
Fri, Jul 31 2015, 7:33 AM
Yesterday's recap mentioned a 'farewell' to low short term rates despite longer term rates 'faring well.' This is a reference to the major changes th...
Fri, Jul 31 2015, 1:06 PM
A Texas
mortgage servicer has run badly afoul of the Consumer Financial Protection
Bureau (CFPB) for repeated violations of servicing rules . Resi...
Thu, Jul 30 2015, 11:37 AM
Finding an affordable place to rent within a reasonable
distance of employment is becoming increasingly difficult according to Freddie
Mac executi...
Thu, Jul 30 2015, 11:34 AM
Bond markets came into the domestic session in slightly weaker territory owing largely to losses that occurred right at the start of the overnight ses...
Thu, Jul 30 2015, 11:05 AM
The rich get richer?
When it comes to equity that appears to be the case according to
information released by RealtyTrac on Thursday. The company's...
Thu, Jul 30 2015, 10:09 AM
Fun with government numbers: approximately
52.2 million people in the U.S. participated in major means-tested
government assistance programs eac...
Thu, Jul 30 2015, 7:33 AM
The direction of the trend in rates (or "bond markets") varies depending on the time frame in question. For instance, looking back to the 1980's, rat...
Thu, Jul 30 2015, 4:51 PM
As of mid-July bond markets seem to have put their foot down with respect to the relationship between long and short term rates. With the economic ...
Thu, Jul 30 2015, 3:08 PM
Mortgage rates were very close to unchanged despite market volatility surrounding the release of today's GDP figures. GDP can occasionally cause a ...
Thu, Jul 30 2015, 2:10 PM
Well Fargo Bank announced today that it
will immediately begin winding down its marketing services and desk rental
agreements with real estate fir...
Wed, Jul 29 2015, 11:37 AM
Bond markets have continued taking measured steps back from the strongest levels in nearly 3 weeks seen on Monday. So far, today's selling pressure...
Wed, Jul 29 2015, 11:11 AM
I
ain't one that puts much creed into book learnin'. But somes, I'm
guessin', do. The Mortgage Bankers Association will be offering a Path to Div...
Wed, Jul 29 2015, 10:13 AM
Pending home sales dipped slightly in
June, ending five straight months of increases.
The National Association of Realtors® (NAR) said today that...
Wed, Jul 29 2015, 9:09 AM
Perhaps consumers viewed the recent retreat in rates as their last chance
to refinance before the Fed starts ratcheting up rates - maybe today, may...
Wed, Jul 29 2015, 7:33 AM
Although Pending Home Sales will be out this morning at 10am, and although that's fairly interesting data in its own right, today's broader market foc...
Wed, Jul 29 2015, 6:23 PM
The Fed made a few token changes to its policy statement today, but as expected, no overtures for an impending rate hike. At least that wasn't the ca...
Wed, Jul 29 2015, 5:10 PM
Mortgage rates had an exceptionally boring day despite the presence of the Fed Announcement. Major communications from the Fed (which include ann...
Tue, Jul 28 2015, 11:24 AM
Bond markets pulled back overnight on a combination of global stock market stability and European data. Selling pressure remained this morning as c...
Tue, Jul 28 2015, 10:42 AM
Home price data from S&P Dow Jones Indices was mixed for May. All three of the Case-Shiller measures, the National Index and the 10-City and 20-Cit...
Tue, Jul 28 2015, 10:29 AM
Federal
agencies have issued the final standards in regards to Section 342 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act of 201...
Tue, Jul 28 2015, 7:33 AM
When bond markets have strung together as many winning days as they have recently (or even when they've seen this many consecutive days without any no...
Tue, Jul 28 2015, 5:43 PM
Mortgage rates bucked the recent trend of steady, modest improvements to end just slightly higher today. That said, the move was just as small as m...
Tue, Jul 28 2015, 5:43 PM
MBS ended the day in slightly weaker territory, and they did so in about the gentlest possible way . The domestic session began with trading levels ...
Tue, Jul 28 2015, 2:29 PM
Homeownership declined yet again in the second quarter of
2015. The Census Bureau said that the
national rate dropped from 63.7 percent in the firs...
Mon, Jul 27 2015, 12:10 PM
S&P futures were well-connected with overnight Treasury trading as global weakness set the tone early. Chinese stocks are back in the news with ano...
Mon, Jul 27 2015, 9:59 AM
The
MBA's "Chart of the Week" earlier this month noted that the ARM share
of mortgage applications had increased to 7 percent. This is the highest...
Mon, Jul 27 2015, 7:33 AM
The last 2 weeks have been woefully uneventful and moderately positive for bond markets. Each week saw modest losses on Monday and gains on each subs...
Mon, Jul 27 2015, 5:48 PM
Bond markets continued their recent trend of moderate improvement today. As has been more commonly the case, Treasuries outperformed MBS, but only ...
Mon, Jul 27 2015, 4:48 PM
Mortgage rates continued modestly lower for the 5th straight day, further extending Friday's push to the lowest levels of July. Even so, most borro...
Mon, Jul 27 2015, 1:10 PM
Another report shows home price values in May close to, if
not exceeding, those prior to the housing crisis. The latest, from Black Knight Financial...
Mon, Jul 27 2015, 1:03 PM
While home sales are sailing, recently closing in on numbers last seen
before the Great Recession, CoreLogic Senior Economist Frank Nothaft, points
...
Fri, Jul 24 2015, 11:28 AM
Underwriting
is teamwork, and teamwork is the fuel that allows common people to
achieve uncommon results, provided they don't mind you calling the...
Fri, Jul 24 2015, 10:56 AM
The report this morning on June new home sales blunted much
of the optimism generated by yesterday's news about existing home sales. The Census Bure...
Fri, Jul 24 2015, 7:33 AM
What if it's all not enough--the multiple iterations of QE at home, ongoing QE abroad, ultra low rates for longer than they've ever been ultra low, an...
Fri, Jul 24 2015, 5:32 PM
As you may have noticed, there are three MBS Commentary articles every day, regardless of how much ground we need to cover in terms of news, events, a...
Fri, Jul 24 2015, 5:32 PM
Mortgage rates barely budged for an impressive 7th straight day. Refreshingly, all but one of those days have seen rates budge slightly lower. I...
Fri, Jul 24 2015, 1:16 PM
I'll be the first to tell you that bond yields don't always follow stocks . Indeed, explicating their complicated relationship was the whole point o...
Thu, Jul 23 2015, 9:38 AM
Mortgage Bankers Association (MBA) economists joined in the
recent surge of housing optimism Wednesday, increasing their projections for mortgage
o...
Thu, Jul 23 2015, 9:36 AM
It is different this time.
At least that's the contention of the writers of this month's Economic
and Housing Outlook regarding new low downpayment...
Thu, Jul 23 2015, 9:30 AM
Amidst
rumors of PIMCO buying a large retail residential lender (don't ask me,
I'm always the last to hear), residential business is really pickin...
