Tue, Aug 12 2014, 11:57 AM
Both MBS and Treasuries have gone no higher or lower than they did yesterday, though they've made relatively quick work of exploring most of those ran...
Tue, Aug 12 2014, 10:47 AM
Under
the "misery loves company" category for those in the residential
lending business, it is interesting to watch the media focus shift onto
t...
Tue, Aug 12 2014, 7:33 AM
As we recently discussed, summertime Mondays might as well be part of a 3-day weekend. Volume and participation on Mondays in July and August especia...
Tue, Aug 12 2014, 4:58 PM
MBS were generally flat today while Treasuries were slightly skewed toward higher yields. There's really not much more to observe about today's mov...
Tue, Aug 12 2014, 4:44 PM
The Federal Housing Finance Agency
(FHFA) moved another step closer on Tuesday to its strategic goal of issuing a
single mortgage-backed security...
Tue, Aug 12 2014, 3:14 PM
Mortgage rates were unchanged for
the most part today. Of the lenders who had measurable changes from
yesterday's latest offerings, slight...
Tue, Aug 12 2014, 2:28 PM
It's baaaack.
The condo market that is. At least according to CoreLogic which says
condo construction completions are up 90 percent to 2,100 ...
Mon, Aug 11 2014, 11:34 AM
As we've discussed in the past, bond rallies that are fueled by geopolitical risk require constant feeding if they're to survive and thrive. In oth...
Mon, Aug 11 2014, 10:40 AM
Most
professional baseball teams still have 30+ games left in their season
(out of 162), and there is plenty of jockeying in the media regarding
...
Mon, Aug 11 2014, 7:33 AM
Even during the strongest moves lower for rates, we'll still see periodic weakness within the trend. In other words, if rates are falling and general...
Mon, Aug 11 2014, 4:33 PM
Treasuries and MBS are heading out the door in very similar territory to Friday's latest levels. This is something of a relief considering they looke...
Mon, Aug 11 2014, 3:51 PM
While mortgage rates didn't enjoy as strong of a move lower as US Treasuries last week, they were nonetheless right in line with their best l...
Mon, Aug 11 2014, 1:53 PM
While HUD has yet to post an official announcement, multiple sources indicate Carol Galante has resigned as FHA Commissioner. David H.
Stevens, h...
Fri, Aug 8 2014, 12:52 PM
The fear of a bubble, according to TransUnion in a study it
released on Thursday basically boils down to fear of the unknown. There may exist a risk...
Fri, Aug 8 2014, 11:49 AM
There are plenty of big stories right now. In terms of broader markets, last night's announcement of US air strikes in Iraq was clearly the biggest...
Fri, Aug 8 2014, 10:45 AM
Mergers continue - and every one of them hopes it works out (and not like the cover of The Economist
titled "The Trouble with Mergers"). New York ...
Fri, Aug 8 2014, 7:31 AM
The simplest and easiest way to approach bond market movement is to simply follow economic data and analyze the moves in the context of that data. Wh...
Fri, Aug 8 2014, 5:04 PM
Remember the Polish Foreign Minister's warning about Russian troops amassing at the Ukrainian border? No? Can't blame you there, but what about the ...
Fri, Aug 8 2014, 3:28 PM
headlines about potential US air strikes in Iraq sent Treasury
yields plummeting. When MBS started trading this morning, they were
only moderatel...
Fri, Aug 8 2014, 3:08 PM
The gap between Americans who think it
is a good time to buy a house and those who feel it is a good time to sell
narrowed by six percentage points ...
Thu, Aug 7 2014, 12:51 PM
Freddie Mac and Fannie Mae each reported
out another successful financial quarter today as each continued to reduce their
respective distressed lo...
Thu, Aug 7 2014, 12:17 PM
When we reference "European bond markets," we're talking about the undisputed benchmark for the Eurozone: German Bunds. It's important to keep in min...
Thu, Aug 7 2014, 11:18 AM
Ah
yes, it's almost that time of year again when the first "Back to School
Sale" signs start going up; children everywhere get that 'time is
run...
Thu, Aug 7 2014, 7:31 AM
First of all, there are far worse kinds of stagnation in bond markets. The current variety--while appallingly range-bound--is at least stagnant near ...
Thu, Aug 7 2014, 4:39 PM
17 to 9. That's the current score between Treasuries and MBS in terms of day-over-day price gains. Or look at it this way. 10yr yields just had the...
Thu, Aug 7 2014, 4:11 PM
The delinquency rate for one-to-four
unit residential mortgages decreased for the fifth consecutive time in the
second quarter of 2014. The resul...
Thu, Aug 7 2014, 3:50 PM
Mortgage rates moved moderately lower today as bond markets benefited from overseas risks. These risks take several forms at the moment, ranging f...
Thu, Aug 7 2014, 2:42 PM
Sure, the stronger employment numbers of late and the well-developed home price recovery haven't translated to any meaningful improvements in building...
Wed, Aug 6 2014, 12:02 PM
Driven almost exclusively by European bond market strength (and stock market weakness), Treasuries and MBS began the day in much better territory . ...
Wed, Aug 6 2014, 11:43 AM
It's no secret that big banks view cheap jumbo mortgages as 'loss leaders' to bring
in new banking and wealth management business. Given Wells Fa...
Wed, Aug 6 2014, 11:33 AM
The second in a series of live webinars
to help lenders prepare for the implementation of new disclosure has been scheduled
for August 26. The webi...
Wed, Aug 6 2014, 10:56 AM
HUD recently took took action against
a California lender for "denying or delaying mortgage loans to women
because they were on maternity leav...
Wed, Aug 6 2014, 9:43 AM
An increase in refinancing drove mortgage applications slightly higher
during the week ended August 1, 2014, even as the number of purchase
applica...
Wed, Aug 6 2014, 7:33 AM
Today's economic/event calendar is limited to the recently unimportant and uninspiring trade gap data, so let's talk about the stock lever and long te...
Wed, Aug 6 2014, 5:06 PM
Treasuries and--by default--MBS are still more than willing to take cues from European bond markets. This is especially true in the overnight session...
Wed, Aug 6 2014, 4:06 PM
Mortgage rates edged microscopically lower today, though some lenders were unchanged from Tuesday's latest levels.
this morning. Bond markets (...
Tue, Aug 5 2014, 11:37 AM
The beginning of the overnight session was uneventful, with relatively little movement until European markets came online. From there, bond markets...
Tue, Aug 5 2014, 11:21 AM
The expected surge in the number of
homes for sale has not yet materialized and the resulting tight supply is among
the factors leading to higher pr...
Tue, Aug 5 2014, 10:59 AM
The homeownership rate in
the US fell again last quarter, to 64.7%, the lowest rate in almost 20
years . Separately, the rental vacancy rate fe...
Tue, Aug 5 2014, 9:40 AM
The Mortgage Bankers Association credited an increase in the
number of jumbo adjustable rate mortgage (ARM) programs in July for a slight
increase...
Tue, Aug 5 2014, 7:31 AM
At the risk of confusing "first chances" with "good chances," there's at least some chance that today will succeed where yesterday failed. As we di...
Tue, Aug 5 2014, 4:23 PM
It was a tale of two headlines today; one of the scheduled; the other, a surprise. The schedule economic data at 10am showed ISM's Non-Manufacturing ...
Tue, Aug 5 2014, 3:18 PM
Mortgage rates were just slightly higher
this morning. Bond markets (which set the tone for mortgage pricing)
lost some ground overnight and r...
Mon, Aug 4 2014, 12:28 PM
As it indicated in its "first look" at
June mortgage performance data released last month, Black Knight Financial
Services said today that the natio...
Mon, Aug 4 2014, 11:36 AM
Both MBS and Treasuries are trading in just slightly better territory than Friday's best levels. That's really about all there is to say about today....
Mon, Aug 4 2014, 10:44 AM
Are you an appraiser ? Maybe you should be honored: there are fewer and fewer of you every year, and your ranks are down to 80,500 nationwide . Ther...
Mon, Aug 4 2014, 7:33 AM
Bond markets did their best last week. After hitting the year's best levels in late May, nothing else has really happened, or even stood the chance t...
Mon, Aug 4 2014, 4:53 PM
For a day that sits adjacent to NFP Friday, today was calm and uneventful. Bond markets started out right in line with Friday's latest levels and i...
Mon, Aug 4 2014, 4:11 PM
Mortgage rates held their ground over
the weekend, with most lenders offering the exact same rates and costs
as Friday afternoon. There were n...
Mon, Aug 4 2014, 4:03 PM
The Federal Reserve's July Senior Loan Officer
Opinion Survey on Bank Lending Practices showed a continued easing of lending
standards and terms f...
