Mon, Mar 17 2014, 12:10 PM
Bond markets had moved into a defensive position on Friday in order to account for geopolitical fallout after Sunday's referendum in Crimea. After th...
Mon, Mar 17 2014, 10:11 AM
Don't
forget to wear a little green today, and this was seen at a local bar:
"Special Today Only! Buy one beer for the price of two, and receive a...
Mon, Mar 17 2014, 8:00 AM
Last week's calendar of events were little match for the headlines coming out regarding the situation in Ukraine. Markets were in full " herd mode ,"...
Mon, Mar 17 2014, 4:30 PM
Mortgage rates moved moderately higher today,
erasing most of the improvement seen since Thursday afternoon. At that
time, global markets incl...
Mon, Mar 17 2014, 4:15 PM
Last week saw a reigniting of geopolitical risk on Thursday after headlines suggested the Crimean referendum as a potential powder keg over the week...
Mon, Mar 17 2014, 3:43 PM
Closed sales of existing single-family homes slipped
again in February, marking the seventh straight month of declining activity. The
California A...
Fri, Mar 14 2014, 12:20 PM
The morning has seen rapid swings between highs and lows for stocks, bonds, MBS, and just about everything else. As expected, the logical impact fr...
Fri, Mar 14 2014, 11:34 AM
Who
doesn't love a good 'Top 10' list? If it wasn't for top ten lists, and
videos of cats dancing, the internet would be reserved for its intended...
Fri, Mar 14 2014, 8:00 AM
There's some inherent moral conflict in being a fan of lower mortgage rates. No sane person wishes for the sort of strife surrounding the Russia/Uk...
Fri, Mar 14 2014, 4:33 PM
Bond markets started the day in fairly decent shape, not much changed following yesterday's substantial Ukraine-inspired improvement. Domestic econom...
Fri, Mar 14 2014, 3:16 PM
Mortgage rates managed
to log another day of improvement today, this time more modest compared
to yesterday's big move. Rate sheets were best ...
Fri, Mar 14 2014, 1:21 PM
Two Federal Reserve economists have developed
a home price index which they claim operates in a more real time environment
than those indices curr...
Thu, Mar 13 2014, 12:51 PM
New home sales were up slightly in
February the Mortgage Bankers Association (MBA) said today, but the increase
was based on a substantially downgr...
Thu, Mar 13 2014, 12:29 PM
Until 11:11am, the day may well have been about the fairly tepid reaction to stronger economic data. Treasuries had traded a super narrow range overn...
Thu, Mar 13 2014, 11:50 AM
After
spiking 8 percent in January, foreclosures filings have resumed their downward
spiral RealtyTrac said today. Its U.S.
Foreclosure Market R...
Thu, Mar 13 2014, 10:04 AM
I
can't figure out if this is a story about the rebounding real estate
market , or about the gap between the "haves and the have-nots" widening -...
Thu, Mar 13 2014, 8:00 AM
Bond markets had a great day on Wednesday and were able to rally both before and after the 10yr Note Auction. The question is: does this reveal som...
Thu, Mar 13 2014, 4:30 PM
Mortgage rates moved significantly lower today after Secretary of State Kerry warned of repercussions for events in Ukraine. Crimea is set to hold...
Thu, Mar 13 2014, 4:26 PM
Very little was happening before 11:11am today. Overnight markets were calm and sideways. Treasuries and MBS began the day in unchanged territory. ...
Wed, Mar 12 2014, 12:58 PM
2013 was a "strong year"
for both commercial and multi-family debt holdings the Mortgage Bankers
Association (MBA) said today and the fourth quarter...
Wed, Mar 12 2014, 11:49 AM
The overnight session was moderately strong for Treasuries, helped along by slumping stocks in Asia and rallying bond markets in Europe. We have seen...
Wed, Mar 12 2014, 10:37 AM
Problems can be created by differences in education,
nationality, or age. For example, the ICBA reports 90% of community
bankers say their averag...
Wed, Mar 12 2014, 8:53 AM
The strong uptick in mortgage applications during the week ended February
28 faded quickly and the Mortgage Bankers Association (MBA) said today th...
Wed, Mar 12 2014, 8:00 AM
Until something new and different happens today to inspire some volatility in bond markets, yesterday continues to be the most interesting event. The...
Wed, Mar 12 2014, 4:25 PM
Today was a good day for both MBS and Treasuries. Not only that, but it was good right from the start (courtesy of a positive overnight session) an...
Wed, Mar 12 2014, 3:36 PM
Mortgage rates moved lower at their best pace of the week today,
undoing the damage from last Friday's Employment Situation report, and
about a ...
Wed, Mar 12 2014, 1:23 PM
In an article that appeared recently
in CoreLogic's blog, Popping the Housing
Bubbly Theory, CoreLogic's Chief Economist Dr. Mark Fleming presents...
Tue, Mar 11 2014, 12:07 PM
The day began with bond markets moving relentlessly sideways, and against the backdrop of Friday's post-NFP move, they still are. In other words, MBS...
Tue, Mar 11 2014, 10:57 AM
Reuters and Bloomberg are reporting that the Chair
and the Ranking Member of the Senate Banking Committee have agreed on the
outline of a plan to w...
Tue, Mar 11 2014, 10:10 AM
Investors slightly expanded their loan offerings
and switched to longer-term products in response to new mortgage regulations
the Mortgage Bankers A...
Tue, Mar 11 2014, 9:57 AM
I
will go on the record as saying that I have never earned $63.9 million
doing anything - certainly not for selling my bone marrow back in
col...
Tue, Mar 11 2014, 8:00 AM
Considering the lack of actionable news and events during the first half of the week, bond market participants can either turn their attention to wha...
Tue, Mar 11 2014, 3:41 PM
Today is one of those days where Treasury movements definitely do not tell the story for MBS. Today's Senate headlines on the upcoming Fannie/Freddie...
Tue, Mar 11 2014, 3:05 PM
Mortgage rates continued holding mostly sideways today ,
though there were enough lenders in slightly better shape to make for a
small improvem...
Tue, Mar 11 2014, 1:21 PM
Relatively speaking, one might say that the distressed housing market in
California has virtually evaporated . The
California Association of Realt...
Mon, Mar 10 2014, 11:55 AM
Domestic market movers have been in limited supply so far today. Bond markets have paid some attention to tradeflows surrounding big corporate deals...
Mon, Mar 10 2014, 11:24 AM
Americans
expectations regarding home prices ticked up decisively in February, both in
terms of anticipating continued price increases and in the si...
Mon, Mar 10 2014, 11:07 AM
The February edition of the Obama
Administrations Housing Scorecard was released late Friday by the Departments
of Treasury and Housing and Urban De...
Mon, Mar 10 2014, 10:21 AM
Every lender & servicer, and therefore borrower, is influenced by the price of servicing .
And in recent months we have all seen large blocks of se...
Mon, Mar 10 2014, 8:00 AM
After moving through the worst week of losses since mid-August, bond markets are left to consider whether it's time fully abandon February's weather...
Mon, Mar 10 2014, 4:45 PM
As far as Mondays after NFP Fridays go, today could have been worse. On occasion, these Mondays can serve to perpetuate a new trend set in motion aft...
Mon, Mar 10 2014, 3:35 PM
Mortgage rates leveled-off today ,
after rising to 2-month highs after last Friday's Employment Situation
('Jobs Report'). Today's rates were ju...
Fri, Mar 7 2014, 12:49 PM
Not only was this morning's employment data stronger than expected, but it would probably have been even stronger if not for the weather effect. As ...
Fri, Mar 7 2014, 10:46 AM
Dave T. writes, "Rob, I have noticed that the originators attending classes or local association meetings are older, and mostly men over 50 years old...
Fri, Mar 7 2014, 10:07 AM
This morning's Employment Situation Report was stronger than
expected. By historical standards, the "beat" isn't especially large
(175k vs 149k...
Fri, Mar 7 2014, 7:45 AM
The boring scenario for today would be for the all-important Employment Situation Report to show payroll creation lagging recent averages, coming in a...
Fri, Mar 7 2014, 4:41 PM
Mortgage rates rose sharply for
the third time this week, bringing them to levels not seen since
January 15th. Today's move followed a stronger...
Fri, Mar 7 2014, 4:26 PM
8:30-8:32... These were the only two minutes of the day where anything interesting was happening for bond markets. It wasn't the good kind of 'int...
Thu, Mar 6 2014, 12:27 PM
An additional 4 million homes regained positive equity in 2013
CoreLogic said today, leaving 6.5 million homes still underwater; about half
the numb...
Thu, Mar 6 2014, 11:57 AM
MBS are now at the best levels since before this morning's economic data. Before that, Treasuries were slightly weaker overnight, resulting in open...
