Wed, Jun 4 2014, 7:31 AM
Today brings the release of the ADP Employment Report. At times, this data has been maligned as the a horrible predictor of the official number from ...
Wed, Jun 4 2014, 4:56 PM
The next two days are potentially the biggest so far this year for bond markets. The key issue will be the European Central Bank's policy announcemen...
Wed, Jun 4 2014, 3:39 PM
Mortgage rates were higher yet again
today. This time around, the move wasn't quite as brisk as the past
few days. In fact, morning rate shee...
Wed, Jun 4 2014, 1:38 PM
The American view of the financial importance
of homeownership and awareness of the sacrifices it can entail appear to be
shifting according to re...
Tue, Jun 3 2014, 12:51 PM
After yesterday kicked off the new month with a quick return over 2.47 in 10yr Treasury yields, the overnight session kept the selling pressure intact...
Tue, Jun 3 2014, 11:01 AM
The Census Bureau recently introduced a
new on-line interactive graphic which interprets annual data from the Bureau's Survey
of Construction . Th...
Tue, Jun 3 2014, 10:49 AM
Home prices posted a 26th consecutive month of
year-over-year increases in April on the CoreLogic Home Price Index (HPI) Prices nationwide, includ...
Tue, Jun 3 2014, 10:45 AM
How's it going with "private money" and mortgage-backed securities? Not so hot .
The creation of MBS is down, as one would expect, and of course ...
Tue, Jun 3 2014, 7:51 AM
Whether we're talking about mortgage rates falling briefly to 4.0 after only recently breaking to 4.125% or whether we're talking about 10yr yields br...
Tue, Jun 3 2014, 5:08 PM
Bond markets were weaker today with losses intact right from the start. There was brief respite heading into the afternoon, but then selling resume...
Tue, Jun 3 2014, 3:42 PM
Mortgage rates continued moving higher
at a relatively brisk pace today. The historically normal sources of
market guidance--like economic dat...
Mon, Jun 2 2014, 12:02 PM
Bond markets began the day on the back foot, losing ground right from the overnight session. The weakness didn't pick up noticeable steam until the o...
Mon, Jun 2 2014, 9:59 AM
There
is a lot of industry banter about preferred lenders (mostly by
non-preferred lenders) and affiliated relationships (mostly by those not
in...
Mon, Jun 2 2014, 7:56 AM
On the first week of most any month, the focal point for bond market trading is unquestionably Friday's Nonfarm Payrolls (NFP)--and with good reason. ...
Mon, Jun 2 2014, 3:47 PM
Bond markets were weaker today. The story of that weakness really begins in the middle of last week when Wednesday and Thursday saw successive move...
Mon, Jun 2 2014, 3:09 PM
Mortgage rates moved higher
today, returning in line with the same "sharply sideways" levels seen
just before the most recent push to 2014 lows...
Mon, Jun 2 2014, 2:30 PM
The Census Bureau said today that the
value of all construction put in place in April was up slightly from March and
8.6 percent above totals in A...
Mon, Jun 2 2014, 1:25 PM
According to The Wall Street Journal Wells Fargo Mortgage
is revamping its home equity line of credit loans (HELOCs) to eliminate the
interest ...
Mon, Jun 2 2014, 1:14 PM
Prepayment rates, an indicator of
refinancing activity, increased slightly in April, the second consecutive monthly
increase, as interest rates decl...
Fri, May 30 2014, 12:25 PM
In a poll of 31 property analysts Reuters
news agency found consensus that the growth of house prices in the U.S. has
peaked and that further incr...
Fri, May 30 2014, 12:10 PM
After the strong move lower in rates through yesterday morning and a disconcertingly sharp pull-back yesterday, possibilities for today were diverse. ...
Fri, May 30 2014, 10:49 AM
"I'm
going to retire and live off of my savings. The second day, I have no
idea what I'll do." Quips aside, many Americans have no clue about how ...
Fri, May 30 2014, 7:50 AM
For the purposes of this discussion, 'interest rates' refer to mortgage rates and 10yr Treasury yields. Why 10yr yields? I just put together this ...
Fri, May 30 2014, 4:57 PM
Today was a good test for MBS and Treasuries. It spoke volumes to the current state of play in bond markets: traders are afraid to get too short ah...
Fri, May 30 2014, 3:51 PM
Mortgage rates continued slightly higher
today. This had more to do with a market-based continuation of
yesterday's momentum than it did wit...
Thu, May 29 2014, 12:53 PM
We've been talking a bit about how yesterday's impressive rally could have had something to do with positioning for today's GDP revision . The thoug...
Thu, May 29 2014, 10:28 AM
There
are many ways to divvy up residential lenders: size, agency approvals,
QM or non-QM, geography, broker and banker, take your choice. One ver...
Thu, May 29 2014, 10:02 AM
Pending home sales in April rose
above those in the previous period for the second month in a row. The National Association of Realtors® said
that ...
Thu, May 29 2014, 9:51 AM
Data released this morning by RealtyTrac
indicate a more widespread recovery in home prices than has been evident from
other data sources. It is ...
Thu, May 29 2014, 7:51 AM
Before yesterday, a break below 2.47 in 10yr yields was less likely than remaining in a narrower range. The big breaks would logically have their bes...
Thu, May 29 2014, 5:35 PM
GDP came out much weaker than expected this morning and Jobless Claims were noticeably stronger than expected. Pending Home Sales were stagnant and d...
Thu, May 29 2014, 3:49 PM
Mortgage rates began the day in even better shape than yesterday, but market volatility prompted most lenders to raise rates in the afternoon .
...
Thu, May 29 2014, 3:19 PM
April
saw a further improvement in late stage foreclosure activity CoreLogic reported
on Thursday. Both completed foreclosures
and the number of p...
Thu, May 29 2014, 1:47 PM
RealtySouth, the largest real estate firm in Alabama, was ordered to pay a
half-million dollar penalty this week for failing to provide consumers w...
Thu, May 29 2014, 1:31 PM
Real estate agents will soon be able
to negotiate terms of a short sale directly with Fannie Mae rather than
communicating through servicers. Thi...
Thu, May 29 2014, 1:25 PM
Refinancing fell from 40 percent of
residential mortgage originations in March to 37 percent in April Ellie Mae
said today. This was the lowest ...
Wed, May 28 2014, 12:02 PM
Freddie Mac's new Multi-Indicator Market
Index (MiMi) continues to show a weak housing market overall. The national MiMi value is flat compared to...
Wed, May 28 2014, 11:57 AM
Things had been pretty tame for MBS and Treasuries after the last round of excitement ended on May 15th. That was when the last major rally ended and...
Wed, May 28 2014, 10:40 AM
How much is 90-minutes of your time worth? How about that of your
originators, underwriters and processors? MBA recently launched a new web course ...
Wed, May 28 2014, 8:48 AM
Despite
interest rates falling to levels last seen almost a year ago, mortgage
application volume retreated slightly after three weeks of iimprove...
Wed, May 28 2014, 7:39 AM
Even though yesterday had more going on in terms of scheduled events, today will likely see better participation among traders. The current order of...
Wed, May 28 2014, 4:53 PM
After starting the day just slightly stronger, and with absolutely nothing by way of major market-moving considerations, Fannie 3.5s moved up over hal...
Wed, May 28 2014, 3:28 PM
After tying the record for most consecutive days with no change, mortgage rates moved significantly lower today .
The significance isn't due t...
Tue, May 27 2014, 12:06 PM
All three home price surveys released this morning showed
prices increased in March, a more moderate improvement than in previous months in
some c...
Tue, May 27 2014, 12:00 PM
Much like the magic that happens when you give an old wooden paddle-ball/string toy to a kid raised in the electronic generation, markets found a surp...
Tue, May 27 2014, 10:11 AM
The industry knows that 2013 was the tale of two profitability profiles for residential lending:
the first half and the second half. Now the MBA hav...
Tue, May 27 2014, 7:45 AM
A common quip on Wall Street is that financial markets will do what it takes to prove as many people wrong as possible. Variations of the same concep...
Tue, May 27 2014, 3:44 PM
Bond markets took their own sweet time getting back to business after the holiday weekend. Trading activity was lighter than normal and apart from ...
Tue, May 27 2014, 3:03 PM
Mortgage rates were slightly higher
this morning, but mid-day market improvements led many lenders to
adjust rates lower into the afternoon. T...
Fri, May 23 2014, 11:50 AM
Very little has happened so far on this holiday-shortened Friday (Monday's the holiday, but MBS/Treasuries close 3 hours early today). The lack of ac...
