Mon, Feb 23 2015, 5:15 PM
Perhaps the headlines did too good of a job of selling Friday's Greek news as something more definitive than it was. After all, most headlines were s...
Mon, Feb 23 2015, 4:32 PM
Mortgage rates ended the day in almost perfectly unchanged territory versus Friday's despite trading levels improving in the secondary mortgage...
Mon, Feb 23 2015, 3:45 PM
There appears to be a battle in the making between
Realtor.com, which has provided on-line nationwide residential listing
information since the In...
Fri, Feb 20 2015, 12:21 PM
Did you catch the Day Ahead? It turned out to be pretty timely . Here it is if you need it:
MBS Day Ahead: Europe no Longer Fears Dominoes; Up...
Fri, Feb 20 2015, 11:00 AM
I
have been speaking with plenty of mortgage bankers in recent weeks -
what are they saying? The refi biz is alive and well but slowing
markedly...
Fri, Feb 20 2015, 7:32 AM
Things began to change in the Eurozone in 2013. That was when Cyprus and Italy were providing mild aftershocks following the bigger drama in 2010-2...
Fri, Feb 20 2015, 5:58 PM
I will have to be careful with how emphatically I convey today's volatility to friends and family. Anyone who doesn't follow markets as closely would...
Fri, Feb 20 2015, 4:51 PM
Mortgage rates are ending the day in very similar territory to yesterday's latest levels but have had something of a wild ride between now and ...
Fri, Feb 20 2015, 4:18 PM
Loans for home refinance made up 51 percent o f all loan
originations in January, an 8 percent jump compared to December. Ellie
Mae's Originat...
Fri, Feb 20 2015, 1:33 PM
Like Freddie Mac, Fannie Mae has
also reported a profitable fourth quarter of 2014 and a profitable year. The company had both net and comprehensive...
Fri, Feb 20 2015, 1:20 PM
Freddie Mac said today that full-year net income and
comprehensive income, $7.7 billion and 9.4 billion respectively, made 2014 the
company's third ...
Thu, Feb 19 2015, 10:56 AM
Just as the government sponsored enterprises Fannie Mae and
Freddie Mac are launching new 97 percent conventional loans, RealtyTrac is
announcing th...
Thu, Feb 19 2015, 10:50 AM
Quicken
Loans recently released its monthly Home Price Perception Index (HPPI)
and Home Value Index (HVI). According to the HPPI, appraiser's ho...
Thu, Feb 19 2015, 7:34 AM
No, yesterday's FOMC Minutes weren't enough to change the fate of bond markets in and of themselves. They weren't even enough to get bond markets bac...
Thu, Feb 19 2015, 6:16 PM
When you get an instantaneous 7bp rally in 10yr yields following an FOMC communication, only to immediately bounce on the preexisting trendline and co...
Thu, Feb 19 2015, 5:10 PM
Mortgage rates didn't move much today on average, but some lenders were noticeably better or worse compared to yesterday. It's not that they wer...
Thu, Feb 19 2015, 4:05 PM
Housing affordability grew slightly in the fourth quarter of
2014 according to the National Association of Home Builders (NAHB)/Wells Fargo
Housing ...
Thu, Feb 19 2015, 4:02 PM
Freddie Mac's economists have revised many of their earlier
estimates for the 2015 U.S. economy. In
terms of overall economic growth the revisions ...
Thu, Feb 19 2015, 1:24 PM
An 'inside day' refers to today's trading range happening completely INSIDE yesterday's trading range. The resulting lower-highs and higher lows be...
Wed, Feb 18 2015, 12:36 PM
What a quiet day it's been so far! Today's noncommittal sideways grind is the polar opposite of yesterday's steam-roller. This wasn't necessarily ...
Wed, Feb 18 2015, 10:20 AM
Bank
tellers and other bank employees are very aware of elder abuse, and
train regularly to spot it. (Hopefully I won't be accused of it - my
ne...
Wed, Feb 18 2015, 10:08 AM
The Census Bureau and the Department of Housing and Urban
Development's New Residential Construction summary for January 2015 showed
mixed and mostl...
Wed, Feb 18 2015, 9:42 AM
Mortgage application
volume fell across the board for the second straight time during the week ended
February 13, 2015. The Mortgage Bankers
Assoc...
Wed, Feb 18 2015, 6:18 PM
It was a nice, simple day as far as market watching was concerned. The overnight session was straightforward, with initial weakness driven by Eurozon...
Wed, Feb 18 2015, 5:09 PM
Mortgage rates caught a bit of break today, logging the first meaningful improvements in the entire month of February. The gains weren't much ...
Wed, Feb 18 2015, 3:07 PM
This afternoon's release of the Minutes from the most recent FOMC meeting make sense. They're filled with exactly the sort of stuff markets expec...
Wed, Feb 18 2015, 1:35 AM
The US version of 2015's massive bond market movement doesn't make for very riveting analysis. It's not the sort of thing that will be very satisfyin...
Tue, Feb 17 2015, 10:59 AM
Bad weather appears
to be taking a toll on otherwise solid builder confidence. The
National Association of Home Builders (NAHB) said its Housing ...
Tue, Feb 17 2015, 10:16 AM
Here's
the riddle of the day. What is "165"? Answer: it is the number of
business days until August 1, when the RESPA-TILA rules go into place . ...
Tue, Feb 17 2015, 7:32 AM
The annoying sideways grind in bond markets will continue until we see whether or not Greece ends up leaving the EU. The EU doesn't want that and nei...
Tue, Feb 17 2015, 5:41 PM
This recap will largely be a reiteration of content from the Mid-Day article as there have been no material changes in fundamentals since then. In ge...
Tue, Feb 17 2015, 4:02 PM
Mortgage rates got hit hard today , rising at the fastest day-over-day pace since November 8th 2013. As of today, this also makes February th...
Tue, Feb 17 2015, 1:45 PM
On days like today, a majority of my time is devoted to staying on top of alerts and analysis for MBS Live . As such, this will be one of the few ...
Fri, Feb 13 2015, 10:58 AM
Friday the 13 th comes three times this year, and this is one of them.
I
can think of three more companies that won't be sending chocolate to
...
Fri, Feb 13 2015, 7:32 AM
High-momentum trends can pause, reverse, or fizzle . More often than not, the early stages of all three of those options look exactly the same. It ...
Fri, Feb 13 2015, 4:45 PM
Current regulatory policy is not addressing the primary
cause of foreclosures . CoreLogic's deputy
chief economists Sam Khater says, in an article...
Fri, Feb 13 2015, 4:38 PM
Three mortgage lenders are facing civil action for false and misleading
advertising. The three were identified
in a joint Consumer Financial Prote...
Fri, Feb 13 2015, 4:36 PM
As expected/feared, the path of least resistance for bond markets has been that of weakness heading into the long weekend with big news waiting on the...
Fri, Feb 13 2015, 3:35 PM
Mortgage rates may have been feeling the love yesterday, but that now seems to have been a coincidental blip in the longer-term trend. Rates act...
Thu, Feb 12 2015, 12:51 PM
The overnight session was scary for bond markets as 10yr yields rose to test the 2.04 technical level. Interestingly enough, trading went dead flat...
Thu, Feb 12 2015, 10:56 AM
While all-cash sales continue to decline as a percentage of
all home sales, in several states they still account for more than half of all
residen...
Thu, Feb 12 2015, 10:54 AM
As the housing industry continues to recover we see
occasional troublesome spikes in one statistic or another. RealtyTrac reported a couple of such ...
Thu, Feb 12 2015, 10:44 AM
Applications for mortgages to purchase newly construction
homes increased by 29 percent in January.
The Mortgage Bankers Association (MBA) said t...
Thu, Feb 12 2015, 10:11 AM
A
Pew survey finds the typical middle class family could only replace 21
days of income with readily accessible funds. What is even scarier
perh...
Thu, Feb 12 2015, 7:32 AM
The news that keeps coming out of Europe is just too good not to have been scripted by some secret society of brilliant comedians. The dialogue betwe...
Thu, Feb 12 2015, 5:03 PM
Bond markets were at their best levels since Monday heading into today's 1pm 30yr Bond auction (MBS prices don't reflect that only because of the roll...
Thu, Feb 12 2015, 5:02 PM
Mortgage rates were feeling left out of the cheesy, obligatory, early February references to certain love-themed holidays. Markets hadn't show...
Wed, Feb 11 2015, 12:34 PM
Today has turned out to be a total dud so far in terms of actionable information for traders. Although there's still technically time, we've seen abs...
Wed, Feb 11 2015, 10:27 AM
There
are plenty of states with plenty of mountains. In fact, while many say
it is "as flat as a pancake" in Kansas, you might be interested to kn...
Wed, Feb 11 2015, 8:36 AM
The on and off refinancing boomlet that has sporadically driven mortgage
application volume since the first of the year went missing again during t...
