Fri, Jan 30 2015, 3:32 PM
When Federal Housing Finance Agency Director Melvin L. Watts
testified before the House Financial Services Committee early this week he said
that FH...
Fri, Jan 30 2015, 3:27 PM
As it said it would, the Consumer Financial Protection
Bureau (CFPB) has taken steps to assist small lenders , particularly those in
rural areas, c...
Fri, Jan 30 2015, 3:26 PM
The topic of income inequality is, as they
say, trending, and this has moved CoreLogic to look at the nature of incomes and
homeowners. In a rece...
Fri, Jan 30 2015, 1:13 PM
The overnight session was orderly and positive for Treasuries. Yields continued mechanically grinding lower from yesterday's bounce at 1.785 (10yr Tr...
Thu, Jan 29 2015, 12:46 PM
While there have been several economic events in the overnight and domestic sessions that seemingly imparted some momentum, bond markets are better de...
Thu, Jan 29 2015, 10:54 AM
The rate at which contracts were signed to purchase homes was down slightly
in December the National Association of Realtors® (NAR) said today. Ev...
Thu, Jan 29 2015, 10:45 AM
"Rob, I just heard of a major lender offering an internal incentive for originating FHA streamline refinances .
The bonus is 100 bps on top of thei...
Thu, Jan 29 2015, 7:32 AM
So much of 2014 was spent building up to the notion of ECB QE and so much of the first 2 weeks of 2015 was dedicated to fully pricing it in that bon...
Thu, Jan 29 2015, 4:46 PM
"Inside day" is a good little piece of market jargon. It refers to a day of trading where prices, yields, or whatever you want to chart fall INSIDE ...
Thu, Jan 29 2015, 3:53 PM
Mortgage rates were steady to slightly higher today on average. Some lenders were actually slightly lower, but they were the exception. In cont...
Thu, Jan 29 2015, 3:49 PM
Fifty-six percent of loans closed in
December were for home purchase, somewhat lower than the average for 2014 as a whole
according to the Originat...
Wed, Jan 28 2015, 12:34 PM
I'm not sure why anyone is writing article headlines that reference the approaching Fed announcement. Does the Fed even matter right now? Or perha...
Wed, Jan 28 2015, 9:57 AM
Don't
forget that last Friday Ocwen Financial reached a settlement with a
California regulator that will allow it to continue operating in the
...
Wed, Jan 28 2015, 9:03 AM
The law of physics prevailed last week and mortgage applications, riding
high for the previous two weeks, returned to earth. The Mortgage Bankers As...
Wed, Jan 28 2015, 7:25 AM
With all the recent focus on Europe, and with no major surprises hanging in the balance for domestic monetary policy, it's easy to forget about the ...
Wed, Jan 28 2015, 5:19 PM
Freddie Mac's Multi-Indicator Market
Index (MiMi) rose nationally this month for the third consecutive time. This,
along with improving three month...
Wed, Jan 28 2015, 5:03 PM
Mortgage rates fell again today , and while the move wasn't big, it was enough to bring most lenders back in line with the best rates from two wee...
Wed, Jan 28 2015, 4:52 PM
Today's FOMC Announcement resulted in one of the strangest market reactions in recent memory. Explanations for the various movements abound, and mo...
Tue, Jan 27 2015, 11:19 AM
As has been the case for some months the latest report from
S&P/Case Shiller shows a continued slowing of home price increases. November results for...
Tue, Jan 27 2015, 10:38 AM
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
...
Tue, Jan 27 2015, 10:33 AM
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
...
Tue, Jan 27 2015, 10:29 AM
I
see a fair amount of state-level news, and it seems to be the season
for lenders to meet with legislators. What items are on the agendas? As
a...
Tue, Jan 27 2015, 7:33 AM
Today brings a relative deluge of economic data compared to yesterday. Reports include Durable Goods, Case-Shiller Home Prices, New Home Sales, and...
Tue, Jan 27 2015, 4:46 PM
Mortgage rates continued a recent pattern of small day-to-day changes today. This time, however, lenders were more unified in a move to slightly...
Tue, Jan 27 2015, 4:46 PM
After briefly breaking above the 1.84% inflection point amid last week's ECB-related volatility, 10yr Treasury yields have been religiously leaning on...
Tue, Jan 27 2015, 2:51 PM
Melvin L. Watt, appeared before the House Financial Services
Committee on Tuesday, his first such appearance since he became director of the
Federal...
Tue, Jan 27 2015, 1:22 PM
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
...
Tue, Jan 27 2015, 1:16 PM
The overnight session was generally flat to slightly stronger for Treasuries. Early domestic trading was limited due to the snow storm in New York (t...
Mon, Jan 26 2015, 11:55 AM
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
...
Mon, Jan 26 2015, 10:42 AM
One never knows what will cause mass hysteria . Maybe the storm hitting the Northeast? I doubt Ocwen's troubles
will cause it, but the industry h...
Mon, Jan 26 2015, 7:25 AM
It's more or less impossible that we'll see any chance in policy stance with this Wednesday's FOMC Announcement, but it's still on the radar as a rele...
Mon, Jan 26 2015, 5:10 PM
After two weeks of elevated volumes and activity, today hearkened back to old-fashioned Mondays . Participation was light, market movement was larg...
Mon, Jan 26 2015, 2:56 PM
Mortgage rates were unchanged in most cases today, though some lenders were microscopically higher or lower compared to last Friday. Any attempt...
Mon, Jan 26 2015, 1:07 PM
The week is off to a fairly anticlimactic start, belying the initial volatility seen after the Greek elections early in the overnight session. 10yr y...
Fri, Jan 23 2015, 12:56 PM
You may have the market aphorism that it's easier to ride waves than to swim against them. The post-ECB bond market wave is still in force today wi...
Fri, Jan 23 2015, 11:47 AM
Fannie
Mae's economists expect the economy to strengthen in 2015 and that will "drag"
housing into a better cycle this year.
The company's forec...
Fri, Jan 23 2015, 11:32 AM
There
is certainly no dearth of economic and housing forecasts afoot in the land. Freddie Mac starts out its current U.S.
Economic & Housing Marke...
Fri, Jan 23 2015, 11:19 AM
Existing home sales yo-yoed again in December. The National Association of Realtors® (NAR) said total sales
of existing homes, including single fami...
Fri, Jan 23 2015, 10:48 AM
I
am in Portland, Oregon today, but I flew, of course, commercial. In
things to note, in Davos, Switzerland, where the famous finance folks
are,...
Fri, Jan 23 2015, 7:34 AM
It would be nice if yesterday's European Central Bank announcement had come with an instruction manual that let markets know how to react and at what ...
Fri, Jan 23 2015, 5:15 PM
Mortgage rates were modestly lower today, and are now getting back in line with levels not seen in more than 20 months. Only the last 3 days of ...
Fri, Jan 23 2015, 5:14 PM
Some time between yesterday's European Central Bank (ECB) announcement and this morning's open, market participants decided to interpret the QE progra...
Thu, Jan 22 2015, 10:55 AM
Youth might be wasted on the youth, but maybe not education. MBA Education today announced the launch of Mortgage Banking Bound , a program designed ...
Thu, Jan 22 2015, 7:25 AM
Today is one of those special days for financial markets where we finally come to an event with so much hype that it's a big deal no matter how it g...
Thu, Jan 22 2015, 5:29 PM
10yr yields rocketed from 1.94 to 1.81 after this morning's ECB QE announcement and then leveled off right in between (that's 1.875 for those of you p...
Thu, Jan 22 2015, 4:48 PM
Optimism about the housing market has been a "misplaced
notion" for the last seven years according to Wells Fargo Senior Economist Mark
Vitner, Bu...
Thu, Jan 22 2015, 4:42 PM
Wells Fargo and JPMorgan Chase along with a former Wells
Fargo employee and his wife are the subjects of consent orders filed by the
Maryland Attor...
Thu, Jan 22 2015, 3:34 PM
Mortgage rates didn't budge today. That's impressive considering the amount of volatility in financial markets leading up to and following the E...
Thu, Jan 22 2015, 1:24 PM
By the time this morning's ECB QE announcement hit, there was little doubt about it's existence. Bond markets spent the overnight session continuin...
Wed, Jan 21 2015, 10:40 AM
December's numbers for residential construction were mixed
when compared to November, but all were better than the monthly figures the previous
Dece...
