Thu, May 15 2014, 2:03 PM
The National Association of Home Builders (NAHB)/Wells
Fargo Housing Market Index (HMI) fell one point in May to 45 from the April reading
which was...
Wed, May 14 2014, 12:08 PM
Even if we were being as pessimistic as possible and making every excuse for the 2014 trading range, there's no way to put a caveat on today's levels....
Wed, May 14 2014, 10:41 AM
Hey,
I have an idea! Let's have the government encourage expanding lending
to riskier borrowers . That way we can sell more houses, real estate
...
Wed, May 14 2014, 10:16 AM
Nearly two-thirds of all new and
existing homes sold during the first quarter of 2014 were termed "affordable"
by the National Association of ...
Wed, May 14 2014, 8:55 AM
Mortgage
applications activity rallied slightly for the second consecutive time during
the week ended May 9. The Mortgage
Bankers Association (M...
Wed, May 14 2014, 7:51 AM
Heading into the end of last week, bond markets were like a space shuttle preparing for launch. The earth was like a 10yr Treasury yield at 2.57 and ...
Wed, May 14 2014, 5:31 PM
Even though mortgage rates hit multi-month lows several times in the past 2 weeks, today is significant in that Treasuries finally broke the range. S...
Wed, May 14 2014, 3:40 PM
Mortgage rates fell today
as the European Central Bank looks increasingly ready for a new round
of easing in June. More accommodative moneta...
Wed, May 14 2014, 3:14 PM
The
Federal Housing Administration (FHA) says that qualified buyers are currently underserved
by the housing market. The economic
crisis significa...
Tue, May 13 2014, 12:00 PM
MBS and Treasuries began the day in unchanged territory. There was a bit of a positive backdrop in place from overnight news that Germany's central b...
Tue, May 13 2014, 10:58 AM
Home
prices reached the half-way mark in the fourth quarter of 2013, climbing back
to a level 20 percent above the trough in values reached nationwi...
Tue, May 13 2014, 10:54 AM
Sometimes it is hard to keep track of the players out there, both companies and individuals. But late last week Cole Taylor Bank ,
a wholly-owned s...
Tue, May 13 2014, 10:42 AM
The Veterans Administration has issued
an interim final rule defining what constitutes a QM or qualified mortgage under
VA loan rules. The rule, ...
Tue, May 13 2014, 7:54 AM
Bond markets have arguably been trading in accordance with the mainstream technical suggestions. Specifically, there are several technical studies so...
Tue, May 13 2014, 3:57 PM
Until this morning, recent momentum in bond markets was clearly and cleanly pointing to a correction within the recent range, where rates would move h...
Tue, May 13 2014, 3:22 PM
Mortgage rates
moved lower today after an especially weak report on Retail Sales
fueled demand for fixed-income investments like
mortgage-bac...
Tue, May 13 2014, 3:16 PM
The number of state licensed mortgage
companies licensed through the National Mortgage Licensing System (NMLS) was
essentially unchanged in 2013 but...
Tue, May 13 2014, 1:00 PM
The Federal Housing Finance Agency
(FHFA) will not use its conservatorship authority to reduce current conforming
loan limits. FHFA Director Melv...
Mon, May 12 2014, 12:54 PM
Home prices continued to increase as
broadly if not as rapidly as in previous periods the
National Association of Realtors® (NAR) reported today. M...
Mon, May 12 2014, 12:01 PM
The Mortgage Bankers
Association's (MBA) estimate of new home sales rose in April . MBA bases its estimate on applications for
mortgages to purcha...
Mon, May 12 2014, 11:58 AM
It's been a slow morning so far, and utterly lacking in overt inspiration. More simply put, we haven't seen any movement in Treasuries or MBS linked ...
Mon, May 12 2014, 10:38 AM
"Under
the current rules, would it be illegal for a company to offer a
mortgage program that had discounted mortgage rates for people with
col...
Mon, May 12 2014, 7:51 AM
Over the weekend, events that have been labelled by some as 'referendums' took place in several of the most embattled regions in Ukraine. Not surpris...
Mon, May 12 2014, 4:25 PM
Compared to the 9 ticks of price weakness in 10yr Treasuries (+3.1 bps), Fannie 3.5 MBS were only off 5 ticks and Fannie 4.0s just 3 ticks in the fina...
Mon, May 12 2014, 2:13 PM
Mortgage rates continued higher
today, adding to the corrective rebound from last week's 6-month lows.
There were no significant events or n...
Fri, May 9 2014, 12:26 PM
In yesterday's update
on housing finance reform it was noted that Senator Tim Johnson (D-SD) was
hoping to have 16 favorable votes lined up befo...
Fri, May 9 2014, 11:58 AM
Bond markets are just slightly weaker, and have thus far been doing a decent job of keeping those losses contained. There hasn't been much by way of '...
Fri, May 9 2014, 10:18 AM
"Where
do I go to find out about resources to mortgage lenders and mortgage
brokers to learn about state specific requirements , licensing, the
...
Fri, May 9 2014, 7:42 AM
First thing's first: "mortgage rates" themselves, have clearly already broken the 2014 range, having moved into the best levels since late October o...
Fri, May 9 2014, 3:11 PM
The focus of the week for MBS and rates should be on the fact that we made it to levels not seen since the end of October 2013. With 6 out of the la...
Fri, May 9 2014, 2:02 PM
Mortgage rates
rose today, pulling back just slightly after spending 6 of the last 7
days in an aggressive move to the lowest levels in more th...
Thu, May 8 2014, 12:50 PM
Freddie Mac and Fannie Mae both reported profitable results for the first quarter of 2014 today, the 10th consecutive profit for Freddie Mac and the...
Thu, May 8 2014, 12:01 PM
Europe and the US serenaded each other this morning with a hot rendition of "Dueling Bankers." Not to be confused with dueling banjos, this song feat...
Thu, May 8 2014, 10:29 AM
In late summer 2008 the Treasury
Department initially pledged $200 billion of financial help for F&F
in anticipation of future mortgage defaults, ...
Thu, May 8 2014, 7:42 AM
Thursday is probably the most action-packed day of the week for MBS. It gets most of the way there by being a fairly action-packed day for bond marke...
Thu, May 8 2014, 4:40 PM
Right from the outset, seemingly strange things were happening as 10yr yields looked much higher on charts, yet were reported as being slightly lower ...
Thu, May 8 2014, 3:15 PM
Mortgage rates added just slightly
to yesterday's improvements, inching just a bit lower into the best
levels in more than 6 months. The bon...
Thu, May 8 2014, 1:40 PM
Even though sales to investors and sales
of distressed homes have declined the National Association of Realtors® (NAR) reports
that all-cash sales ...
Thu, May 8 2014, 1:31 PM
Mike Fratantoni, Chief Economist of the Mortgage Bankers Association
explained the slightly lower Mortgage Credit Availability Index (MCAI) for
Apri...
Wed, May 7 2014, 12:40 PM
Bond markets have been slightly more active today both in terms of volume and volatility. Overnight trading was essentially a wash. 10yr yields were...
Wed, May 7 2014, 10:45 AM
Radian
Group not only reported its net income for the quarter ended March 31,
2014, of $202.8 million (compared to a net loss for the quarter end...
Wed, May 7 2014, 8:41 AM
It officially
became a buyers' market in mortgage applications during the week ended May
2. The Mortgage Bankers Association said
that applicati...
Wed, May 7 2014, 7:42 AM
Bond markets put in another strong day yesterday, returning to the strongest end of their respective ranges after losing just a bit of ground to start...
Wed, May 7 2014, 4:07 PM
Bond began the first few minutes of the day in slightly weaker shape, but ended the day in positive territory after Yellen's congressional testimony a...
Wed, May 7 2014, 3:15 PM
Mortgage rates continued pushing
into the lowest levels in more than 6 months after a docile
congressional testimony from Fed Chair Yellen th...
Wed, May 7 2014, 2:39 PM
Fannie Mae is taking an upbeat view of
the housing market over upcoming months because of the general improvement in
Americans' outlook revealed i...
Wed, May 7 2014, 1:30 PM
Sources say that the Senate Banking Committee will take
up discussions of S 1217, yet another bill that addresses housing finance
reform , sometime...
Tue, May 6 2014, 12:38 PM
The country has now reached about 88
percent of what is considered its normal level of economic and housing activity
the National Association of...
Tue, May 6 2014, 11:02 AM
So far this week, stocks and bonds have generally been moving together again after a bit of disconnection last week. Equities futures fell graduall...
Tue, May 6 2014, 10:47 AM
Home prices posted another double digit
annual increase in March CoreLogic said today.
The company's Home Price Index (HPI) including distressed sa...
