Wed, Feb 26 2014, 1:47 PM
The index tracking pending home sales in California jumped
22.9 percent in January to 84.8 from 68.9 in December. This was the first increase in t...
Wed, Feb 26 2014, 1:38 PM
Commercial banks and savings institutions
have increased quarterly earnings year over year for the 17 out of the last 18
quarters the Federal Depo...
Tue, Feb 25 2014, 12:19 PM
Bond markets are seeing their best day of gains since last Tuesday with 10yr yields down from 2.75 to just over 2.70. Fannie 4.0 MBS are up 10 ticks....
Tue, Feb 25 2014, 11:40 AM
The S&P Case-Shiller National home
price index and the Federal Housing Finance Agency's Home Price Index (HPI),
both issued on Tuesday, diverged sh...
Tue, Feb 25 2014, 10:27 AM
Black
Knight Financial Services (formerly Lender Processing Services) reports that
home values in the U.S. as of December had recovered to within 1...
Tue, Feb 25 2014, 10:24 AM
Connecticut's 1 st Alliance Lending, LLC
has been fined $83,000 by the CFPB for violating Real Estate Settlement
Procedures Act (RESPA) rules. ...
Tue, Feb 25 2014, 8:00 AM
As far as economic reports go, Consumer Confidence (often lumped together psychologically with "Consumer Sentiment") occupies that well-populated "2...
Tue, Feb 25 2014, 4:28 PM
Mortgage rates fell noticeably
today, after being pushed up against the highest levels in nearly a
month yesterday. In that sense, the positivi...
Tue, Feb 25 2014, 4:22 PM
The House Financial Services Committee (FSC)
has released advanced information regarding an investigation conducted by the
Office of Inspector Gener...
Tue, Feb 25 2014, 4:18 PM
Today ended up being one of the the calmest in recent memory in terms of price volatility in MBS. From 9:30am on, the biggest gap between the day's...
Tue, Feb 25 2014, 1:18 PM
The growth in the average size of a new
home paused briefly at the beginning of the recession as Americans retrenched
in a lot of ways, but times ha...
Mon, Feb 24 2014, 12:18 PM
Although Treasury yields have been moving in the same direction as stock prices, the magnitude is completely different. Whereas the S&P is up an impr...
Mon, Feb 24 2014, 10:32 AM
Loans
have become harder to do, and underwriters that I have spoken to keep
telling me that every deal is different. How many scenarios are ther...
Mon, Feb 24 2014, 8:00 AM
Frustration and confusion are ongoing themes for bond markets at the moment. The most visible antagonist in that regard is the "weather effect," wher...
Mon, Feb 24 2014, 4:53 PM
Mortgage rates moved sideways
today, reflecting the ongoing indecision in the bond markets that
underlie day-to-day rate movements. The mortgag...
Mon, Feb 24 2014, 4:52 PM
A Connecticut lender has been fined
$83,000 by the Consumer Financial Protection Bureau (CFPB) for violating Real Estate
Settlement Procedures Act (...
Mon, Feb 24 2014, 4:26 PM
Bond markets overall have seen a fair share of ups and downs today, albeit in a narrow range. But where Treasuries took 2 steps back, MBS usually onl...
Fri, Feb 21 2014, 12:13 PM
Bond markets opened and spent the first hour of the day in weaker territory, but began to recover even before the Existing Home Sales data. That rec...
Fri, Feb 21 2014, 10:52 AM
The fourth
quarter of 2013 was its eighth consecutive profitable quarter Fannie Mae said
today and the company posted net income for the entire year...
Fri, Feb 21 2014, 10:44 AM
Tongues are wagging
about Wells Fargo' s extending credit to borrowers with lower credit
scores (600 FICOs) and thus, on the surface, perceive hi...
Fri, Feb 21 2014, 7:45 AM
It continues to be a frustrating time for bond markets--prevented, as they are from rallying very much on strong data, but with few other reasons to s...
Fri, Feb 21 2014, 4:22 PM
Bond markets were weaker in the morning hours today as corporate rate-lock selling and other tradeflow considerations left sellers in control head...
Fri, Feb 21 2014, 2:20 PM
Mortgage rates moved slightly higher
today despite improvements in underlying markets into the afternoon.
Bond markets including MBS (the 'mort...
Thu, Feb 20 2014, 12:32 PM
About two-thirds of the homes sold
during the fourth quarter of 2013 are considered " affordable " according to the National
Association of Home B...
Thu, Feb 20 2014, 12:25 PM
In the latest edition of CoreLogic's Market Pulse the company's senior
economist Mark Fleming provides a different take on housing affordability ...
Thu, Feb 20 2014, 12:13 PM
While yields still aren't back to last week's highs, they've taken a few more steps in that direction. Today's damage was mostly done after the Phil...
Thu, Feb 20 2014, 9:57 AM
If
your lock desk was really busy last week, you're bucking the trend. The
MBA's survey of 75% of retail lenders showed that apps were off 4.1% ...
Thu, Feb 20 2014, 7:45 AM
Bond markets weakened yesterday, with most of the losses following the FOMC Minutes, though troubles mounted in mid-morning hours. That said, trading...
Thu, Feb 20 2014, 4:27 PM
Despite a solid day of volume and fairly noticeable mid-day bout of weakness, not much truly "happened" for bond markets today. There was plenty of r...
Thu, Feb 20 2014, 2:47 PM
Mortgage rates continued higher
today after it became clear that markets were discounting weak economic
data due to weather. In that sense, mor...
Thu, Feb 20 2014, 2:13 PM
Both mortgage delinquency rates and the foreclosure
inventory rate hit their lowest points in five years at the end of the fourth
quarter of 2013....
Wed, Feb 19 2014, 12:19 PM
Treasuries and MBS are both near their weakest levels of the day, but remain in slightly better shape than yesterday's latest levels. The strongest...
Wed, Feb 19 2014, 10:47 AM
Numbers for both housing permits and
housing starts were much lower in January than in December while housing completions
were up. The Northeast ...
Wed, Feb 19 2014, 9:53 AM
"A
statistician is someone who tells you, when you've got your head in the
fridge and your feet in the oven, that you're - on average - very
com...
Wed, Feb 19 2014, 8:31 AM
Interest rates increased definitively
last week and mortgage application volumes fell according to data released
today by the Mortgage Bankers Assoc...
Wed, Feb 19 2014, 7:00 AM
Whither MBS go increasingly depends on whether data withers from winter weather. I'm so sorry about that sentence. In more modern words, the more th...
Wed, Feb 19 2014, 5:22 PM
Mortgage rates began the day moderately lower compared to yesterday's latest levels, but the improvements didn't last .
Bond markets including M...
Wed, Feb 19 2014, 5:08 PM
The insidious thing about today's market movement--at least from the standpoint of MBS devotees--is that we began in moderately stronger territory and...
Wed, Feb 19 2014, 3:33 PM
Sales of existing homes in California
were essentially flat in January the California Association of Realtors®
(C.A.R.) said on Wednesday. While
...
Wed, Feb 19 2014, 3:19 PM
Mortgage Bankers Association (MBA) President David H. Stevens
congratulated mortgage servicers attending MBA's National Mortgage Servicing
Conferenc...
Tue, Feb 18 2014, 12:01 PM
Treasuries were slightly stronger in the overnight session with 10yr yields falling just over a bp. They've moved another 2-3bps lower as the morning...
Tue, Feb 18 2014, 10:52 AM
BuildFax said that residential
remodeling increased by 1 percent from November to December and was up 9
percent from a year earlier. Permits for
...
Tue, Feb 18 2014, 10:50 AM
The National Association of Homebuilders (NAHB)
provided a number of explanations for a record drop in the NAHB/Wells Fargo
Housing Market Index (...
Tue, Feb 18 2014, 10:46 AM
"Any
idea how much Realtors make?" I don't know, and asking someone their
income isn't always the wisest of moves, especially on a first date. But...
Tue, Feb 18 2014, 7:00 AM
Bond markets begin the holiday-shortened still waiting for a reason to do anything but merely continue in the same mildly negative trend. Said tren...
Tue, Feb 18 2014, 4:30 PM
MBS weren't quite able to keep up with the Snowball rally in Treasuries today, but the gap lessened into the afternoon. Chalk this up to an abundance...
Tue, Feb 18 2014, 3:49 PM
Mortgage rates were lower in some cases today,
though some lenders merely held steady compared to Friday's latest
levels. Mortgage-Backed-Sec...
Tue, Feb 18 2014, 2:49 PM
Using
an Olympic theme of " Will Housing Take Gold ", Freddie Mac's economists said
today that, while they had expected housing 'to come out of the ...
Tue, Feb 18 2014, 1:20 PM
Freddie Mac has joined Fannie Mae in
offering limited time and location inducements to move sales on its owned real
estate (REO). The company today...
Mon, Feb 17 2014, 6:10 PM
Underwriters
will soon be entering that netherworld where they want 2013 tax
returns , but borrowers just don't have them yet. With that in mind,...
