Tue, Sep 2 2014, 3:42 PM
Mortgage rates were higher today, ending nearly a week and a half of modest improvements. While no individual day stood out during that time, the ...
Tue, Sep 2 2014, 2:00 PM
Home Equity Lines of Credit or HELOCs are one area
of focus of the July Mortgage Monitor
issued by Black Knight Financial Services on Tuesday. Th...
Tue, Sep 2 2014, 1:38 PM
Home
prices increased continued in July and those increases continue to be
broad-based CoreLogic said on Tuesday.
The company's Home Price Index...
Tue, Sep 2 2014, 1:31 PM
Construction spending in July was at a seasonally
adjusted annual rate of $981.3 billion the Census Bureau said today--the highest since December 200...
Fri, Aug 29 2014, 12:48 PM
FICO, the company that develops proprietary scoring models for credit bureaus and lenders, announced August 7 that a new model (FICO Score 9) would ...
Fri, Aug 29 2014, 12:42 PM
RealtyTrac estimated that home
sales in July were at an annualized rate of 4.63 million units , a decrease of 3
percent from June and down 12 perce...
Fri, Aug 29 2014, 12:23 PM
Right there in the title of the first commentary of the day: "more economic data that probably won't matter." There's always some small tinge of doub...
Fri, Aug 29 2014, 10:11 AM
Cleverness
is alive and well in lending, and the "free Russian cat with your loan
funding" story yesterday brought a few e-mails. Chris L. contrib...
Fri, Aug 29 2014, 7:42 AM
NOTE: Bond markets and mortgage lenders (and banks, among other things) will be closed on Monday for Labor Day.
This morning's headline suggests t...
Fri, Aug 29 2014, 4:07 PM
Overnight trading was uneventful for bond markets and made for a just slightly weaker open for both Treasuries and MBS. Economic data was completely ...
Fri, Aug 29 2014, 2:49 PM
Mortgage rates barely budged today. A few lenders were a bit higher than yesterday. A few more were a bit lower, but most hadn't moved enough to ...
Thu, Aug 28 2014, 11:42 AM
Even the confirmation of a 4%+ GDP and the strongest read on Pending Home Sales in 11 months were not enough to wrest control of bond market momentum ...
Thu, Aug 28 2014, 11:14 AM
What's this? The borrower receives a cat when their mortgage closes?
What would the CFPB say? Will fleas lead to a class action lawsuit a
year d...
Thu, Aug 28 2014, 11:09 AM
Favorable housing conditions were
credited for leading pending home sales higher in July to their best level
since August 2013 . Pending sales as...
Thu, Aug 28 2014, 7:28 AM
Today is the busiest day of the week for domestic economic data and Treasury Auctions. The 8:30 time slot brings Jobless Claims and the 2nd revisio...
Thu, Aug 28 2014, 4:45 PM
In yesterday's recap, we discussed the phenomenon whereby most of the market movement has been happening overnight during these Euro-centric times, ...
Thu, Aug 28 2014, 3:45 PM
Mortgage rates fell modestly for an impressive sixth straight day today. Yet again, we're seeing little attention paid to the events in the US tha...
Wed, Aug 27 2014, 12:40 PM
Distressed housing measures continued on
a somewhat jagged path toward normalcy in July according to preliminary numbers
released by Black Knight ...
Wed, Aug 27 2014, 12:12 PM
The
month-end funding push is in full swing. There are plenty of jumbo
loans on the Atlantic and Pacific Coasts (providing fodder for the
smat...
Wed, Aug 27 2014, 11:46 AM
Bond markets began the day much-improved after a strong overnight session. Economic data was pervasively weaker in Europe and expectations for Eu...
Wed, Aug 27 2014, 9:52 AM
Applications for both home purchase and refinancing increased during the
week ended August 22. The Mortgage
Bankers Association said that its Marke...
Wed, Aug 27 2014, 7:27 AM
When Q1 GDP first came out weaker than expected and was subsequently revised all the way to -2.9%, it put a damper on many assessments of US economic ...
Wed, Aug 27 2014, 4:57 PM
Both MBS and Treasuries started the day in good shape as a bout of universally downbeat data washed over the Eurozone. Speculation for some measure...
Wed, Aug 27 2014, 4:35 PM
Mortgage rates fell by an almost imperceptible amount today. Some lenders were actually unchanged or slightly higher. The actual NOTE rates ...
Wed, Aug 27 2014, 1:16 PM
Freddie Mac said today that the housing
recovery continues to be a primarily local phenomenon . While markets with strong economies and
favorable ...
Wed, Aug 27 2014, 1:11 PM
Home prices have now increased on a quarterly
basis 12 consecutive times. The Federal
Housing Finance Agency (FHFA) said yesterday that the 12 th ...
Tue, Aug 26 2014, 12:29 PM
Bond markets started the day little-changed from the previous session and having seen little volatility overnight. Although it wasn't destined to b...
Tue, Aug 26 2014, 11:52 AM
The Consumer Financial
Protection Bureau (CFPB) recently revised its policy guidance to residential
mortgage servicers and subservicers regarding t...
Tue, Aug 26 2014, 11:45 AM
Mortgage banks substantially improved
their bottom line numbers in the second quarter after posting a loss on every
loan written during the first ...
Tue, Aug 26 2014, 11:39 AM
The S&P Dow Jones Case-Shiller Home Price Indices for June confirm
what reports from earlier months have indicated, that there is a sustained
slowd...
Tue, Aug 26 2014, 10:04 AM
Counterparty
risk continues to be a BIG DEAL, and word broke yesterday of a huge
title agency defalcation in Georgia. (Defalcation: an amount of f...
Tue, Aug 26 2014, 7:31 AM
A cute little phenomenon got a fair amount of buzz on an otherwise slow news day yesterday. It has to do with today's Durable Goods data and the fact...
Tue, Aug 26 2014, 4:31 PM
The last week of Summer continues to be the last week of Summer as far as markets are concerned. Email auto-responders are working overtime, parents ...
Tue, Aug 26 2014, 3:16 PM
So many questions have been raised by the surprising state of affairs in the world of mortgage rates this year. Why did rates move in the opp...
Mon, Aug 25 2014, 12:23 PM
In more ways than one, today has been ' modest ' for bond markets. The overnight session was slower than normal, even for a Monday due to a bank holi...
Mon, Aug 25 2014, 11:32 AM
All
this hope (hype?) that the mortgage industry is placing on the
Millennials to bolster volume makes my head spin. (Scholars can't even
agree ...
Mon, Aug 25 2014, 10:46 AM
New home sales were down again in July, declining by
2.4 percent from June to a seasonally adjusted annual rate of 412,000
units. But the June rate...
Mon, Aug 25 2014, 7:40 AM
Few pieces of domestic economic data have caught the attention of bond markets recently. That's not to say there haven't been short term reactions to...
Mon, Aug 25 2014, 4:57 PM
The biggest story and smallest surprise of the day was the fact that trading conditions in bond markets were extra light. Between the market closur...
Mon, Aug 25 2014, 3:25 PM
Mortgage rates were steady for some lenders today, and slightly lower for others. The movement wasn't nearly enough to affect rates themselves, meani...
Mon, Aug 25 2014, 2:20 PM
Home prices continued to increase in June but the
Home Price Index (HPI) released by Black Knight Financial Services showed
continued slowing in t...
Fri, Aug 22 2014, 12:36 PM
J-Hole Knee-Jerk: A brief, but volatile market reaction to Fed Chair Yellen's speech at the Jackson Hole symposium.
That's been the day's primary ...
Fri, Aug 22 2014, 11:33 AM
The race to the bottom, in terms of guidelines or razor-thin pricing margins , prompted on industry vet to send me, "There's a lot of space in the mo...
Fri, Aug 22 2014, 7:31 AM
Yellen delivers the keynote speech at Jackson Hole today. What does that even mean? I remember being somewhat perplexed by the unclear significance ...
Fri, Aug 22 2014, 5:05 PM
With limited interruptions, bond markets have been sleepwalking since most of the summer. While that has afforded them some measure of forward prog...
Fri, Aug 22 2014, 3:22 PM
Mortgage rates moved lower for a second straight day following a much-anticipated speech from Federal Reserve Chair Yellen in Jackson Hole. Whil...
Thu, Aug 21 2014, 11:46 AM
Existing home sales in July hit their
best pace so far this year the National Association of Realtors® (NAR) said
today, reflecting a 2.4 percent in...
Thu, Aug 21 2014, 11:44 AM
Total refinances through completed
through Freddie Mac and Fannie Mae (the GSEs) in the second quarter topped
344,000. The Federal Housing Finance
...
Thu, Aug 21 2014, 11:31 AM
It seems hard to imagine, but
CoreLogic said on Wednesday that once-upon-a time, before the housing crisis,
the sale of distressed homes made up on...
Thu, Aug 21 2014, 11:28 AM
A credit report is enough to completely steal a person's identity . It is? Does it take a few weeks? No - it takes 3 minutes .
And we wonder why...
