Mon, Apr 7 2014, 2:21 PM
The National Association of Home
Builders' (NAHB)/First American Leading Market Index (LMI) was unchanged from
March to April , remaining at 59 met...
Mon, Apr 7 2014, 1:30 PM
Fannie Mae sees results from its most recent National
Housing Survey (NHS) as possibly portending a pickup in home buying and selling
activity this ...
Fri, Apr 4 2014, 12:30 PM
Bond markets came into the session essentially unchanged after having held near the higher end of their recent range in the few days leading up to thi...
Fri, Apr 4 2014, 11:29 AM
Pricing aside, let's take a look at something odd occurring on rate sheets everywhere.
I received this note: "Rob, the difference in my rate sheet...
Fri, Apr 4 2014, 7:51 AM
Nonfarm Payrolls (NFP) is always the biggest potential market mover on any given month in terms of economic reports. FOMC Announcements, for instance...
Fri, Apr 4 2014, 4:56 PM
If you missed it for some reason--and that's entirely possible on an NFP day--there was an important dark horse market mover today, just a short while...
Fri, Apr 4 2014, 4:05 PM
Mortgage rates were significantly lower today ,
erasing a full week's worth of time spent moving higher in fits and
starts. The main event was ...
Fri, Apr 4 2014, 2:20 PM
More potential buyers are out trolling the nation's neighborhoods
for their dream homes. Unfortunately, they are finding little to look at
and, ev...
Thu, Apr 3 2014, 12:46 PM
The Consumer Financial Protection Bureau
(CFPB) was assailed by Republican members of the House Financial Services
Committee and by two witnesses fo...
Thu, Apr 3 2014, 11:56 AM
There were two options for bond markets heading into today's session. Recent weakness could have been extended, resulting in a "lead-off" taking yiel...
Thu, Apr 3 2014, 9:25 AM
There were a total of 43,000 completed foreclosure in February, CoreLogic
said today. This was 15 percent fewer
than in February 2013 when forecl...
Thu, Apr 3 2014, 9:22 AM
Jeff
O. writes, "When I saw the title 'Ellie Mae's outage' I thought that
perhaps it involved my beloved Beverly Hillbillies star. That would have...
Thu, Apr 3 2014, 7:31 AM
As we frequently discuss on NFP weeks, it's not uncommon for bond markets to drift into weaker territory in spite of contrary data or events. This sa...
Thu, Apr 3 2014, 4:05 PM
In one of today's updates for MBS live subscribers, I noted that bond markets continued to trade " as expected ." Where did those expectations come...
Thu, Apr 3 2014, 3:34 PM
Mortgage rates barely budged today,
but the little movement seen was positive on average. Keep in mind
though, that means that some lenders we...
Wed, Apr 2 2014, 12:30 PM
To be clear, bond markets are indeed in their weakest recent territory AFTER this morning's economic data, but NOT necessarily BECAUSE of it. While...
Wed, Apr 2 2014, 10:55 AM
Vacation home purchases recovered
strongly in 2013, helping to offset some of the inevitable flagging interest in
investment purchases the Nationa...
Wed, Apr 2 2014, 8:56 AM
The
Mortgage Bankers Association (MBA) said that mortgage applications decreased
again during the week ended March 28, The seasonally adjusted M...
Wed, Apr 2 2014, 7:45 AM
If there's a consistent theme for bond markets so far in 2014, it's been "indecision." I referred to it as a " Serious Monotony Problem " on Monday, ...
Wed, Apr 2 2014, 4:05 PM
Bond markets sold off absolutely as much as they could have today while still technically staying inside the longer-term "sideways" range leading up...
Wed, Apr 2 2014, 3:14 PM
Mortgage rates moved higher again today,
this time taking them definitively past any of the recent highs in
March. In fact, to find rate sheet...
Wed, Apr 2 2014, 1:51 PM
The government sponsored enterprises
(GSEs) Fannie Mae and Freddie Mac continued active foreclosure prevention
activities in the fourth quarter of 2...
Tue, Apr 1 2014, 12:17 PM
Treasuries were weaker overnight, and in such a way that suggested organic selling pressure. In other words, US bond markets weren't simply weaker be...
Tue, Apr 1 2014, 10:31 AM
Home
prices continue to increase by double digit percentages on a year-over-year
basis CoreLogic said today. The
company's Home Price Index (HPI...
Tue, Apr 1 2014, 9:59 AM
Fed
watchers over the last few years have had many things to study; on
their list of course has been the FOMC's asset purchase program, and
whil...
Tue, Apr 1 2014, 8:00 AM
Bond markets got off to a volatile start yesterday, but ended the day close to unchanged. There's really very little that Treasuries could do at th...
Tue, Apr 1 2014, 4:20 PM
A real snoozer today for bond markets... Yesterday afternoon's late-day strength was washed out by overnight weakness. MBS started the day perfectl...
Tue, Apr 1 2014, 3:05 PM
Mortgage rates were relatively unchanged today,
after moving higher during the past two sessions. The stability is
somewhat counterintuitive a...
Tue, Apr 1 2014, 1:08 PM
Beginning yesterday morning, the most widely-used Loan Origination Software (LOS) has been offline. Ellie Mae estimates their Encompass platform
...
Mon, Mar 31 2014, 11:45 AM
Bond markets began the week on something of a volatile note. Treasuries had weakened slightly in the overnight session and MBS walked in the door a...
Mon, Mar 31 2014, 9:26 AM
There has been a lot of appraisal news in recent weeks, the most important perhaps being that six
government agencies issued a proposed rule that ...
Mon, Mar 31 2014, 8:00 AM
For most of 2013, the mission was clear for bond markets. It mostly involved rapid selling and significant amounts of pain for any fans of low inte...
Mon, Mar 31 2014, 4:01 PM
The 'after-hours' session (3pm-5pm, following the close of Treasury pit trading) is seeing an ongoing trickle of sideways to slightly stronger prices ...
Mon, Mar 31 2014, 3:48 PM
Dr. Kenneth Rosen, Chairman, Fisher Center for Real Estate
and Urban Economics and Professor Emeritus, University of California, Berkley emerges
as ...
Mon, Mar 31 2014, 2:43 PM
Mortgage rates continued higher today,
as part of a 2 day move following 5 straight days of improvement.
Nearly all of that improvement has be...
Fri, Mar 28 2014, 11:30 AM
There has been a good amount of correlation between stock prices and bond yields heading into the end of the month/quarter. This is not an uncommon o...
Fri, Mar 28 2014, 9:13 AM
I
continue to receive questions about the CFPB's stance on kickbacks and
referrals . I usually tell the person to write to the CFPB directly, but...
Fri, Mar 28 2014, 8:00 AM
There's some conventional wisdom that suggests asking questions in the title of an article is not a good idea. Pish posh! When it comes to financial...
Fri, Mar 28 2014, 5:19 PM
Mortgage rates finally experienced a correction to
the 5-day winning streak that had carried them lower after last week's
spike. On a slightly...
Fri, Mar 28 2014, 4:53 PM
If you'd like to reduce this week's activity to a very basic concept and seek to explain just about everything we've seen in the past week as a functi...
Fri, Mar 28 2014, 2:34 PM
CoreLogic Chief Economist Mark
Fleming suggests that an examination of housing's one-percenters might be as valuable
an analysis as a glance at th...
Thu, Mar 27 2014, 12:07 PM
Bond markets were almost perfectly flat overnight and held a narrow 2bp range in 10yr Treasury yields. MBS started out in slightly negative territor...
Thu, Mar 27 2014, 10:43 AM
The National Association of Realtors®
(NAR) Pending Home Sales Index (PHSI) for February added more confirmation of a
slowing home housing market. ...
Thu, Mar 27 2014, 10:23 AM
The former top executive of Bank of
America (the Bank) was a named party in a settlement between the bank and the
State of New York announced on W...
Thu, Mar 27 2014, 10:19 AM
Home
sales continue to cool , dipping to a seasonally adjusted annual rate of 5.08
million in February RealtyTrac said today.
This was a -0.2 per...
Thu, Mar 27 2014, 9:50 AM
Bank of America bought Countrywide and Merrill Lynch in 2008 and 2009 respectively. How is that investment paying off? Well, it just cost BofA anoth...
Thu, Mar 27 2014, 8:00 AM
Bond markets will get what is probably their busiest day of economic events today. Right out of the gate, two relatively important pieces of data w...
Thu, Mar 27 2014, 4:53 PM
Strong response to an earlier limited incentive offer for home buyers has prompted the Fannie Mae HomePath® Program to briefly extend the offer's de...
Thu, Mar 27 2014, 4:07 PM
Mortgage rates moved moderately lower today, further improving on what has generally been a slow-paced week of gains.
The yard-stick measuring t...
Thu, Mar 27 2014, 4:05 PM
While not all the data was stronger this morning, the only stand-out market mover certainly was. Jobless Claims fell to 311k from 320k previously, be...
