Thu, Apr 23 2015, 9:59 AM
Seeing opportunity from the inevitable
flood of aging baby boomers, Wells Fargo has announced formation of a new
specialty business group focused on...
Thu, Apr 23 2015, 9:58 AM
The U.S. Census Bureau reported that nearly 10 percent of U.S.
residents are not happy with their current housing, neighborhood, local
safety or p...
Thu, Apr 23 2015, 7:34 AM
Over the years, we've discussed the concept of "history repeating" in terms of similar market themes playing out, both qualitatively and quantitativel...
Thu, Apr 23 2015, 5:16 PM
Mortgage rates didn't move much today. While a few lenders were modestly improved, most were unchanged or offering slightly higher rates. This st...
Thu, Apr 23 2015, 5:16 PM
With 10yr yields at 1.952, we're certainly not out of the woods yet, but we can at least hold out some hope of exiting the woods. That wasn't such ...
Thu, Apr 23 2015, 2:32 PM
A
second company has now reported a recent increase in the number of underwater residential
properties in the U.S. Last month
Corelogic said tha...
Thu, Apr 23 2015, 2:25 PM
New home sales settled down a bit in March after a dramatic
surge in the Northeast in February that drove national sales figures up nearly
8 perce...
Wed, Apr 22 2015, 12:56 PM
A noncommittal, sideways grind only has so much noncommittal and sideways in it before breaking out. This one was already overdue and already showing...
Wed, Apr 22 2015, 11:40 AM
The spring housing market blasted in across the county last
month and existing home sales jumped 6.1 percent from the February level to the
highes...
Wed, Apr 22 2015, 10:59 AM
Earth Day is celebrated on April 22 nd and this year marks the 45 th
anniversary. Leave it to the Census Bureau
(known as "The Bureau with a ca...
Wed, Apr 22 2015, 9:11 AM
Borrowers responded to some of the lowest interest rates in several
months by stepping up applications for mortgage financing. The Mortgage Bankers ...
Wed, Apr 22 2015, 7:33 AM
Rates been in a narrow, noncommittal, sideways range for weeks. The last two days were especially barren in that they lacked any economic data, whi...
Wed, Apr 22 2015, 4:45 PM
By now, today's broken range is fairly old news. It's not only old news in the sense that it's been covered today, but indeed the POTENTIAL range b...
Wed, Apr 22 2015, 4:06 PM
Mortgage rates finally broke out of a persistent sideways grind today. Unfortunately, rates moved higher at a fairly brisk pace . Whereas most...
Tue, Apr 21 2015, 12:54 PM
10yr yields and MBS prices both made it to the weakest levels in 3 days--each threatening a break of technical support levels. In terms of 10yr yield...
Tue, Apr 21 2015, 10:25 AM
True
or false: "Unnecessary regulatory burdens are preventing qualified,
credit-worthy borrowers from obtaining the American Dream of
homeowners...
Tue, Apr 21 2015, 7:32 AM
One nice thing about the current unwillingness on the part of bond markets to break through resistance levels is that they've been similarly unwilli...
Tue, Apr 21 2015, 5:09 PM
For a second day, bond markets gave up a modest amount of ground. To put the losses in context, yields are heading out at 1.91 in 10yr Treasuries. T...
Tue, Apr 21 2015, 3:38 PM
Mortgage rates are on the warpath , blazing a ferocious trail in a more sharply sideways
direction than we've seen in recent memory. This w...
Mon, Apr 20 2015, 10:07 AM
Changes to Fannie Mae and Freddie Mac's fee structure were announced by the
Federal Housing Finance Agency (FHFA) on Friday. But in the words of Th...
Mon, Apr 20 2015, 9:31 AM
There is a lot going on in terms of upcoming events. In no particular order...
Due to the high demand, Genworth has grown its live RESPA-TILA we...
Mon, Apr 20 2015, 7:34 AM
Although the Fed denies it, conventional wisdom suggests that major policy changes tend to be announced at the Fed meetings that include the post-anno...
Mon, Apr 20 2015, 5:23 PM
It was a struggle to observe anything interesting in bond markets today. That environment usually allows 'tradeflow considerations' to rise to the ...
Mon, Apr 20 2015, 4:38 PM
Mortgage rates figure if they can't be pushing down to new record lows, they might as well pass the time by shooting for different records. This...
Mon, Apr 20 2015, 3:06 PM
There are 9.3 million former homeowners who were displaced
by foreclosures, short sales, and deeds in lieu of foreclosure between 2006 and
2014. Do...
Mon, Apr 20 2015, 1:40 PM
Nothing of note has transpired or conspired to move bond markets today. It's another Monday without economic data, meaningful headlines, or strong pa...
Fri, Apr 17 2015, 10:48 AM
Since inflation doesn't exist much anymore in the economy, how about in your garage ? Detroit has plenty of empty garages and so the city announced a...
Fri, Apr 17 2015, 7:32 AM
Stop me if you've heard this one before. There's this epic long-term inflection point defined by 10yr yield levels 1.84-1.86. It stretches back to...
Fri, Apr 17 2015, 5:24 PM
All of today's drama--if you can call it that--came in the form of curve trading. That refers to traders adjusting bond market holdings by selling on...
Fri, Apr 17 2015, 4:32 PM
Mortgage rates barely budged yet again today despite more volatility in underlying financial markets. This is the 3rd day in a row with similar ...
Fri, Apr 17 2015, 3:19 PM
As we prepare and retool for the August 1st disclosure changes, it will be easy to lose sight of the opportunity that is before us. The regulatory i...
Fri, Apr 17 2015, 1:26 PM
If this happens to be your very first time reading this site, you should know that we've been talking a lot about a few things. First is the fact t...
Thu, Apr 16 2015, 11:58 AM
The rate of permitting for construction of single family
housing and residential construction completions were both down in March, Housing
starts ...
Thu, Apr 16 2015, 11:03 AM
This will be the third day in a row where bond markets have begun the day in stronger territory only to give back some of the gains as the day conti...
Thu, Apr 16 2015, 10:42 AM
Foreclosure activity increased by 20 percent in
March compared to February and was up 4 percent from a year earlier. RealtyTrac, in its combined M...
Thu, Apr 16 2015, 10:35 AM
The House of Representatives has passed a bill which would
amend the Truth in Lending Act (TILA) in respect to the way lenders compute and
disclos...
Thu, Apr 16 2015, 10:03 AM
Try
saying PSDS without sounding like you're from Boston saying "pierced
ears". And 3,100 miles away, in California, the latest report echoes
wh...
Thu, Apr 16 2015, 7:33 AM
The past two trading sessions have been highly informative for bond markets. As we've been discussing almost incessantly, there is good reason for bo...
Thu, Apr 16 2015, 4:03 PM
The trading day started out timidly enough, but with a bit of an ominous tone . This had to do with the fact the German Bunds made new all-time lows...
Thu, Apr 16 2015, 3:18 PM
Mortgage rates were unchanged again today , continuing a trend of minimal movement that has been intact for all but one day since Monday April 6th...
Wed, Apr 15 2015, 12:43 PM
The index measuring building confidence in the market for
new single family homes stopped its three month slide in April, jumping four
points from...
Wed, Apr 15 2015, 10:32 AM
Yesterday
we had plenty of CFPB updates , and let's continue with those. Remember
that even though although your bank or mortgage operation is th...
Wed, Apr 15 2015, 9:23 AM
Applications for purchase mortgages have ended three straight weeks in
which their volume increased an average of 6 percent. The Mortgage Bankers As...
Wed, Apr 15 2015, 7:33 AM
Up until yesterday, everything since NFP had been fairly boring in terms of bond market activity. While there were some instances of moderate movemen...
Wed, Apr 15 2015, 5:02 PM
Markets have been doing a good job of reacting to economic data so far this week. That was a good thing again this morning as the data was weaker in g...
Wed, Apr 15 2015, 4:13 PM
Mortgage rates were unchanged to slightly higher today, though that depends largely on the individual strategies of the lender in question. Some...
Wed, Apr 15 2015, 1:00 PM
Bond markets' willingness to accept guidance from economic data is in full swing. As discussed in the Day Ahead , this morning offered several more ...
Tue, Apr 14 2015, 12:53 PM
There was a better chance that bond markets would react to today's Retail Sales data despite the lack of reaction to the last reading ( reasons discu...
Tue, Apr 14 2015, 11:30 AM
While activity related to distressed mortgage
loans continues to grind its way back to normal levels, CoreLogic says that 17
of the 25 judicial fo...
Tue, Apr 14 2015, 11:26 AM
As a reminder, many in the industry know that as of April 1 new rates kicked in under the National Flood Insurance Program . Policy premiums increas...
