Thu, Jul 24 2014, 3:23 PM
Freddie Mac said today that its Multi-Indicator Market Index or MiMi for May is sending out mixed signals to
the housing market. While more marke...
Wed, Jul 23 2014, 12:58 PM
The theme for the economy and the
housing market's in 2014 has been set for months; the economy will
continue to slowly strengthen; the modest reco...
Wed, Jul 23 2014, 12:55 PM
Black Knight Financial Services said
today that both delinquencies and foreclosure starts were up slightly
in June. The information was part of t...
Wed, Jul 23 2014, 12:49 PM
In terms of domestic economic data and events, not much has happened today. The key driver of morning gains was the reaction to Bank of England Min...
Wed, Jul 23 2014, 10:49 AM
Captain
Obvious likes to say, "Home prices don't always go up." It's probably a
cliché at this point, but it's better than the, "Buy as much home ...
Wed, Jul 23 2014, 9:07 AM
The Market Composite Index, a measure of loan application volume had its
first positive week since June 6 last week, increasing 2.4 percent on a
s...
Wed, Jul 23 2014, 7:33 AM
Having spent the last 4 sessions trading near 2.47%, 10yr yields are operating in an important zone historically. For all intents and purposes, yield...
Wed, Jul 23 2014, 5:07 PM
Mortgage rates were mixed today
depending on the lender and the time of day you look. Most recently,
the average lender is back to unchanged v...
Wed, Jul 23 2014, 5:05 PM
Although MBS did a good job of pushing back against a recent bout of underperformance over the past 3 sessions, today showed it won't be a straight sh...
Tue, Jul 22 2014, 12:22 PM
MBS began the session at a disadvantage after overnight trading pushed bond yields and stock prices higher. At 8:30am, the Consumer Price Index (CPI)...
Tue, Jul 22 2014, 11:27 AM
The pace of existing home sales
reached a nine month high in June, topping 5 million units for the first time
since last October while there were ...
Tue, Jul 22 2014, 9:50 AM
What, if anything, is putting a crimp in expected loan
production? Perhaps the CFPB's QM rules are indeed restricting
residential lending. In one...
Tue, Jul 22 2014, 7:39 AM
2014 has been an interesting year for bond markets. In fact, in terms of its ability to continually confound market expectations, it's been one of th...
Tue, Jul 22 2014, 4:56 PM
Mortgage rates were unchanged
in most cases today, though some lenders were slightly worse. Even
then, the difference from yesterday is genera...
Tue, Jul 22 2014, 4:56 PM
Bond markets didn't put on much of a show today, but what little there was managed to be enjoyable . Credit that to the fact that trading levels mad...
Mon, Jul 21 2014, 11:35 AM
With no major economic data on the calendar, and no game-changing headlines to react to, bond markets have been content to follow stocks so far this...
Mon, Jul 21 2014, 9:47 AM
What
can you buy on minimum wage? Well, I guess that's a relative question;
relative to a number of factors such as where you live, your current
...
Mon, Jul 21 2014, 7:33 AM
In many ways, the current week will serve as a prelude to the following week, which is exceptionally packed with big-ticket events . From Wednesday ...
Mon, Jul 21 2014, 5:36 PM
If you haven't heard already (say, like 7 or 8 times from us--both before and after the fact), today's calendar was fairly light for bond markets. ...
Mon, Jul 21 2014, 4:18 PM
Mortgage rates moved just barely lower
in most cases today, though some lenders were unchanged or slightly
higher. It was a slow start to the ...
Mon, Jul 21 2014, 2:24 PM
Two Bank of America Merrill Lynch (BAML) analysts are defending
what they call their big high conviction views for what should happen in the
housing...
Fri, Jul 18 2014, 12:13 PM
Sometimes the 2nd day of a big geopolitical move will spiral into a volatile blaze of glory. Other times, it's like today.
Bond markets are calmly...
Fri, Jul 18 2014, 11:06 AM
The
Federal Housing Finance Agency's Office of Inspector General (FHFA OIG) has
released an evaluation of Fannie Mae's and Freddie Mac's (the GSEs) ...
Fri, Jul 18 2014, 10:14 AM
Do
you have a plan in case you go bankrupt? The "big boys" do! The
Dodd-Frank Wall Street Reform and Consumer Protection Act requires that bank
...
Fri, Jul 18 2014, 7:31 AM
Although economic data had some small role to play in yesterday's strong bond market rally, the day was really all about geopolitical risk. If we've ...
Fri, Jul 18 2014, 4:02 PM
The amount of geopolitical turmoil in the world today is not materially better than yesterday, but without new surprises to fuel safe-haven demand, bo...
Fri, Jul 18 2014, 3:11 PM
Mortgage rates managed to hold their ground
today. Some lenders were even in slightly better shape, though there
was no change on average. Th...
Fri, Jul 18 2014, 2:40 PM
While he has written about some of the elements in
the past, Mark Fleming neatly summed up the current state of housing's supply
and demand constra...
Thu, Jul 17 2014, 11:33 AM
Despite a much stronger-than-expected Philly Fed report, bond markets didn't lose much ground after 10am. Earlier in the morning, weaker Housing Star...
Thu, Jul 17 2014, 10:57 AM
It has been a long eight years, but
foreclosure activity appears to have returned to levels last seen before the
housing downturn was born in 2006. ...
Thu, Jul 17 2014, 10:48 AM
All three residential construction indicators fell
in June according to the U.S. Census Bureau and the Department of Housing and
Urban Development. ...
Thu, Jul 17 2014, 10:37 AM
Non-QM loans, investor interest in those higher
yielding pools, potential disparate impact as a result of QM rules,
eMortgages (or the lack thereo...
Thu, Jul 17 2014, 7:41 AM
In a sense, bond markets came into the week as an underdog . They'd rallied the entire previous week to the lowest levels in over a month. And by F...
Thu, Jul 17 2014, 5:17 PM
Mortgage rates moved more decisively lower
today, though not for any stable or happy reasons. Such is often the
case with interest rates. As ...
Thu, Jul 17 2014, 5:04 PM
Today offered a triple or possibly quadruple-whammy for bond markets, almost exclusively in the form of overseas events. The weakest among these was ...
Wed, Jul 16 2014, 12:12 PM
Ah round 2! After a relatively civil and infinitely more relevant chat with the Senate Banking Committee, Fed Chair Yellen is now enduring what can o...
Wed, Jul 16 2014, 11:41 AM
JP Morgan Chase appears to be questioning
the wisdom of remaining an FHA lender. The company's Chairman and CEO, Jamie Dimon, made
critical comme...
Wed, Jul 16 2014, 11:38 AM
Homebuilder confidence in the market for
new homes crossed into positive territory in July, the first time the measure
has been above the crucial 50...
Wed, Jul 16 2014, 10:52 AM
Brokers, and lenders who cater to those brokers in terms of wholesale or mini-correspondent relationships , are still ruminating on the impact of las...
Wed, Jul 16 2014, 8:48 AM
The Mortgage Bankers Association's (MBA) Market Composite Index notched
another decline during the week ended July 11, the fifth straight down we...
Wed, Jul 16 2014, 7:42 AM
When it comes to the Fed Chair's semi-annual congressional testimonies, the first of the two (in this case, yesterday's Senate Banking Committee) tend...
Wed, Jul 16 2014, 4:42 PM
As the last few trades of the day trickle in, MBS are set to close almost perfectly in line with yesterday's closing levels. Even before that, ther...
Wed, Jul 16 2014, 3:16 PM
Mortgage rates were just barely higher
today on average. The movement was so small that several lenders were
actually unchanged or slightly be...
Tue, Jul 15 2014, 12:36 PM
As expected, today's congressional testimony from Fed Chair Yellen was, by far, the biggest market mover in the room. The volume and movement at 10...
Tue, Jul 15 2014, 10:18 AM
Some
of the big topics here at the CMBA Western Secondary conference are
margins, compensation, and compliance. Reports show that bank tellers ea...
Tue, Jul 15 2014, 7:54 AM
In stark contrast to Monday's empty calendar, Tuesday brings both important economic data and Yellen's first round of congressional testimony. Of t...
Tue, Jul 15 2014, 4:52 PM
The rule of thumb for household budgeting is that no more than 30
percent of income should go toward housing; more constitutes a
cost-burdened hou...
Tue, Jul 15 2014, 4:43 PM
As far as today's market movers are concerned, Retail Sales was dwarfed by Yellen, but most of the reaction to Yellen cancelled itself out. In othe...
Tue, Jul 15 2014, 3:26 PM
Mortgage rates moved slightly higher again today .
Fed Chair Janet Yellen provided her semi-annual testimony to the Senate
Banking Committee th...
Mon, Jul 14 2014, 12:15 PM
While the magnitude
isn't clear, that the growth of renter households has risen far above average
in recent years is. The Housing Vacancy Survey r...
