Thu, Feb 6 2014, 1:04 PM
"Housing markets across the nation
are continuing their slow and steady climb back to normal levels," National
Association of Home Builders (NAHB)...
Wed, Feb 5 2014, 12:47 PM
It's important to note that a majority of today's movement has arrived BETWEEN the two big instances of economic data as opposed to immediately in t...
Wed, Feb 5 2014, 10:28 AM
The CFPB is expected to spend a lot of time in 2014 on the
closing process , and it has a round of public comments due February 7.
It was put out...
Wed, Feb 5 2014, 8:46 AM
The
volume of mortgage applications remained largely unchanged during the week
ended January 31. The Mortgage Bankers
Association's (MBA) Market C...
Wed, Feb 5 2014, 7:00 AM
Today leads off with the ADP Employment Report at 8:15am. While it is the stated goal of this data series to capture the BLS report's revised numbers...
Wed, Feb 5 2014, 5:17 PM
Mortgage rates were higher again
today, further pulling back from a recent run to the lowest levels in
nearly 3 months. Like yesterday, today's...
Wed, Feb 5 2014, 5:08 PM
To reiterate a point made in the mid-day commentary, it's important to note that bond markets were weaker today WITHOUT the same sort of motivation ...
Tue, Feb 4 2014, 12:23 PM
The trading day has been fairly straightforward so far. After yesterday's rout in equities markets, we're seeing a nominal bounce back. Whether that...
Tue, Feb 4 2014, 10:59 AM
One would have to go back to the heart
of the housing boom to find a period when home prices increased at a more rapid
pace than they did in 2013 Co...
Tue, Feb 4 2014, 10:32 AM
According
to splashdata the top five list of worst passwords is: 1) 123456, 2)
Password, 3) 12345678, 4) QWERTY, and 5) abc123. Hey, how do they k...
Tue, Feb 4 2014, 7:00 AM
After the big moves seen yesterday, and in the absence of any top tier economic data, today's session is more likely to see smaller moves as markets g...
Tue, Feb 4 2014, 4:33 PM
Mortgage rates were slightly higher today
as financial markets took a break from recent volatility. With the
exception of yesterday, today's ra...
Tue, Feb 4 2014, 4:29 PM
The recession apparently hit those
builders experienced in green construction with less severity than other home
builders according to a new study...
Tue, Feb 4 2014, 4:28 PM
As expected, today's market movements were mere shadows of their former selves, opting for narrow consolidation ahead of the push of important data ...
Tue, Feb 4 2014, 1:26 PM
Homeowners who refinanced through
Freddie Mac in 2013 continued to display fiscal restraint, choosing fixed rate
mortgages, keeping essentially the ...
Tue, Feb 4 2014, 1:12 PM
The Mortgage Bankers Association (MBA)
called the fourth quarter of 2013 a particularly strong one for commercial and
multifamily mortgage origina...
Tue, Feb 4 2014, 1:10 PM
Now that prices have recovered to within
striking distance of where many folks purchased their homes, potential sellers
have found something new to ...
Mon, Feb 3 2014, 12:23 PM
Black Knight Financial Services said
today that the rate for mortgage delinquencies of 30 days or more, which does
not include loans in foreclosure,...
Mon, Feb 3 2014, 12:05 PM
Overall construction spending in
December was flat compared to November , rising a scant 0.1 percent. Private spending on residential construction,...
Mon, Feb 3 2014, 12:00 PM
The big news so far today has been the much-weaker-than-expected ISM Manufacturing data. While the headline "Purchasing Manager's Index" was still ...
Mon, Feb 3 2014, 9:14 AM
I have decided that I am ready, mentally and physically, to win $1 billion - and it is out there for the taking. Quicken
Loans is offering a $1 bi...
Mon, Feb 3 2014, 7:00 AM
It's an interesting time for bond markets where the recent momentum is in between definitions. The more pessimistic definition would consider January...
Mon, Feb 3 2014, 5:21 PM
Mortgage rates fell appreciably today ,
moving to levels not seen since early November. The bond markets that
underlie mortgage rate movements c...
Mon, Feb 3 2014, 5:10 PM
We'll be among the first to tell you that stocks and bonds clearly vary in their level of correlation. At times stock prices and bond yields will m...
Fri, Jan 31 2014, 12:51 PM
"The familiar saying that housing brings
the economy out of recessions did not hold true this time around," according to
David Crowe, Chief Economis...
Fri, Jan 31 2014, 11:52 AM
The overnight session saw the lion's share of today's movement, resulting in MBS/Treasuries opening at their best levels of the year yet again. Tra...
Fri, Jan 31 2014, 10:23 AM
As
a reminder, since I am still being asked about it, along with a number
announcements and policy amendments taking effect on the 1 st of Januar...
Fri, Jan 31 2014, 7:00 AM
November and December were not volatile months for bond markets. While we sometimes associate the concept of volatility with losses in MBS (because v...
Fri, Jan 31 2014, 4:17 PM
Although we have just under an hour of trading left in the day, if MBS were to end right at current levels, January would be the strongest month of ga...
Fri, Jan 31 2014, 4:16 PM
Mortgage rates moved forcefully lower today,
bringing them well past previous 2014 lows and back in line with levels
not seen since November 1...
Fri, Jan 31 2014, 2:54 PM
Bank of America (BoA) came a step
closer today to ending litigation that has plagued it since it bought
Countrywide Mortgage in 2008. A New York
S...
Thu, Jan 30 2014, 12:17 PM
More banks are easing their underwriting
standards as they adapt to changing economic conditions and competition the
Office of Comptroller of the Cu...
Thu, Jan 30 2014, 11:06 AM
After several days of pronounced volatility, bond markets are taking it easy by comparison so far today. The overnight session had the nostalgic fe...
Thu, Jan 30 2014, 10:53 AM
Abnormal weather was partially
blamed by the National Association of Realtors® (NAR) for a substantial drop in
its December Pending Home Sales Ind...
Thu, Jan 30 2014, 10:02 AM
The industry is changing. The first half of 2013 is a distant, fond
memory for residential lenders. Subprime, non-prime - what's the diff? Business...
Thu, Jan 30 2014, 7:00 AM
With the introduction of the 2-Year Floating Rate Note Auction occupying yesterday's auction time slot, today will see both the 5 and 7yr auctions at ...
Thu, Jan 30 2014, 4:12 PM
Both MBS and Treasuries were weaker at the start of today's domestic session. While that was slightly more pronounced for Treasuries, so was yesterda...
Thu, Jan 30 2014, 3:04 PM
Mortgage rates inched higher
today after hitting the lowest levels of the year yesterday. Trading
in the secondary mortgage markets was far cal...
Wed, Jan 29 2014, 12:06 PM
In Tuesday's State of the Union Speech which
covered a lot of ground both domestic and foreign, President Obama made only
two brief mentions of hous...
Wed, Jan 29 2014, 11:55 AM
Treasuries experienced significant volatility overnight, rising abruptly to the highest yields since last Thursday as Asian markets opened, only to fa...
Wed, Jan 29 2014, 10:40 AM
"After much discussion, research and deliberation, Mortgage
Services III (MSI) has decided to exit the Wholesale Mortgage Broker
and Non-Regulat...
Wed, Jan 29 2014, 9:00 AM
After reaching a boiling point in terms of volume and positivity by the end of the day on Friday, bond markets have leveled off and calmed down a bit ...
Wed, Jan 29 2014, 8:57 AM
Whether it was the weather, the Martin
Luther King Holiday which shortened the business week, or consumers practicing
patience as mortgage rates d...
Wed, Jan 29 2014, 5:35 PM
The Fed reduced asset purchases by another $10 billion today and bond markets rallied handsomely. These two concepts have heretofore been diametrica...
Wed, Jan 29 2014, 4:36 PM
Mortgage rates moved significantly lower
today after drifting higher during the first two days of the week. As
was the case on Friday, today'...
Wed, Jan 29 2014, 3:11 PM
The investigative agency says that in
2012-2013 it nearly doubled the number of defendants that were criminally
charged from the numbers in 2009...
Wed, Jan 29 2014, 3:05 PM
Completed foreclosures dropped by nearly
a quarter in 2013 compared to 2012 CoreLogic said today. There were 620,111 homes foreclosed by
lenders d...
Wed, Jan 29 2014, 2:02 PM
Information received since the Federal Open Market Committee met in
December indicates that growth in economic activity picked up in recent
quarte...
Tue, Jan 28 2014, 12:02 PM
The S&P Case-Shiller Composite
Indices each posted month-over-month declines in November after nine straight months
of growth. The 10-City and 20...
Tue, Jan 28 2014, 9:37 AM
Just when we think everything is quiet on the appraisal front, Kate Berry with American Banker writes that Fannie Mae has created a blacklist for app...
