Thu, Nov 21 2013, 3:34 PM
Mortgage rates may have managed to hold steady to slightly lower ,
but it's important to understand that today's rates are still
significantly ...
Thu, Nov 21 2013, 3:02 AM
Today's economic data, taken together, is in the same league as
yesterday's Retail Sales, and with the absence of FOMC Minutes looming
in the afte...
Thu, Nov 21 2013, 2:58 PM
Fannie Mae's Economic and Strategic
Research Group calls the temporary government shutdown and debt ceiling
negotiations in October a blow to consu...
Thu, Nov 21 2013, 2:51 PM
In the November edition of CoreLogic's e-magazine
MarketPulse, Kathryn Dobbyn looks at
the potential impact of lower conforming loan limits on t...
Thu, Nov 21 2013, 2:42 PM
In prepared
remarks to present to the Senate Banking Committee on Thursday, Alfred M.
Pollard, General Counsel of the Federal Housing Finance Agency...
Wed, Nov 20 2013, 12:02 PM
The morning has been relatively action-packed so far, both with
scheduled and unscheduled market movers. Among the overt, scheduled
consideration...
Wed, Nov 20 2013, 10:57 AM
Low inventories continue to drive home
prices up from year-ago levels, but existing home sales appear to have at least
temporarily cooled the Nation...
Wed, Nov 20 2013, 10:54 AM
As expected the Consumer Financial
Protection Bureau (CFPB) has released the "easier-to-use" mortgage disclosure
forms that were mandated by the Dod...
Wed, Nov 20 2013, 9:51 AM
The coming year should bring an
emergence of the first purchase-dominated market the U.S. has seen since 2000
Freddie Mac has predicted. The
s...
Wed, Nov 20 2013, 9:18 AM
Flagstar Bank has spread the word that Flagstar is adding an option for “ VA IRRRL Other Servicer ”
to use AVM rather than an appraisal up to 100% L...
Wed, Nov 20 2013, 8:36 AM
The volume of mortgage
applications fell for the third straight week during the period ended November
15 the Mortgage Bankers Association (MBA) sa...
Wed, Nov 20 2013, 8:16 AM
With the brief exception of Bernanke's speech at the start of the
overnight session, yesterday's weakness was pervasive, moderate, and
mechanical ...
Wed, Nov 20 2013, 5:32 PM
Mortgage rates shot significantly higher
after today's FOMC Minutes reminded markets that the Fed is still
intently considering a reduction in a...
Wed, Nov 20 2013, 5:20 PM
Bond markets are at their weakest levels since just before September's
FOMC "no taper" announcement after today's FOMC "really actually fairly
int...
Wed, Nov 20 2013, 3:15 PM
Back in May and June, the Fed was either clearly finding a sense of
urgency about managing the pace of asset purchases or they clearly
wanted us t...
Wed, Nov 20 2013, 3:10 PM
Mortgage loan originations for
the purpose of purchasing topped 60 percent in October Ellie Mae said on
Wednesday, for the first time since the co...
Tue, Nov 19 2013, 12:29 PM
Bond markets were nearly unchanged overnight, but leaked
incidentally weaker into domestic hours. Some of the MBS-specific
weakness owes itself t...
Tue, Nov 19 2013, 11:24 PM
The Office of Inspector General
(OIG) of the Federal Housing Finance Agency (FHFA) released a performance audit
report that recommends FHFA tighten ...
Tue, Nov 19 2013, 10:37 AM
One day before a scheduled Consumer Financial
Protection Bureau (CFPB) "field hearing" in Boston, Bloomberg is reporting that its Director, Richard...
Tue, Nov 19 2013, 10:02 AM
For today’s history lesson, exactly 150 years ago US President Abraham
Lincoln delivered the two minute Gettysburg Address. Sometimes it feels
lik...
Tue, Nov 19 2013, 6:39 PM
The Department of Justice has confirmed the $13
billion settlement with JP Morgan that has been widely reported in the press as
a done deal for ov...
Tue, Nov 19 2013, 4:51 PM
Mortgage rates broke their 4-day winning streak,
moving just slightly higher in most cases. Some lenders fared worse
than others and many rec...
Tue, Nov 19 2013, 4:29 PM
Bond market weakness was the theme of the day, and it was
pervasive--even if relatively mild--right from the start of the
overnight session. Germ...
Tue, Nov 19 2013, 2:39 AM
Monday offered a surprisingly bullish session for bond markets with
MBS just 2 ticks shy of gaining half a point on the day. 10yr yields
dropped ...
Tue, Nov 19 2013, 2:34 PM
The government shutdown and the typical
end of summer doldrums dragged California home sales down in October, the third
straight month of falling sa...
Mon, Nov 18 2013, 11:48 AM
Overnight trading was fairly uneventful with Treasuries holding a narrow
range. They ultimately hit the domestic session in unchanged
territory. ...
Mon, Nov 18 2013, 10:50 AM
Builder confidence in the market for
newly constructed homes remains only moderately positive according to the National
Association of Home Builders...
Mon, Nov 18 2013, 9:20 AM
There is an abundance of smaller lenders who
would rather focus on funding loans than on focus on compliance, and an
abundance of companies with...
Mon, Nov 18 2013, 7:53 AM
2.688, 2.684, and 2.691. These were the 3 10yr yield lows from Wednesday, Thursday and Friday last week. They represent a thorn in the side
for ...
Mon, Nov 18 2013, 4:55 PM
Mortgage rates moved noticeably lower
to begin the week, continuing a winning streak that began last
Wednesday. Today's improvement brings the ...
Mon, Nov 18 2013, 4:23 PM
Fed speakers will be an ongoing theme this week as market
participants refine their outlook for potential December policy
changes. While we heard...
Fri, Nov 15 2013, 12:26 AM
Bond markets beat the odds and have now successfully pushed back
against the losses seen after last week's strong jobs numbers. In order
to be de...
Fri, Nov 15 2013, 12:00 PM
Treasuries were modestly weaker overnight and yields made a linear move to highs from yesterday afternoon just after the open today.
The first data...
Fri, Nov 15 2013, 10:17 AM
According to Morningstar, Vanguard has overtaken Pimco as the world's largest bond mutual fund
with $288B of assets at the end of Oct. vs. $248B f...
Fri, Nov 15 2013, 4:50 PM
Although bond markets began the day in weaker territory, that was
quickly changed by weak economic data. The Empire State Manufacturing
Index isn...
Fri, Nov 15 2013, 3:48 PM
Mortgage rates fell just slightly today,
though this wasn't the case for every lender. Rate quotes are likely
to be at the same note rate as ye...
Fri, Nov 15 2013, 1:06 PM
Another firm has weighed in with an
index that confirms both the continuation of the better than year-long housing
price gains and that the price pe...
Thu, Nov 14 2013, 12:49 PM
It
has long been evident that some parts of the country such as California,
Florida and other Sun Belt states were hit harder by price declines du...
Thu, Nov 14 2013, 12:46 PM
Housing affordability suffered its
biggest hit in nearly ten years during the third quarter of 2013 the National
Association of Homebuilders (NAHB...
Thu, Nov 14 2013, 12:42 PM
Janet Yellen just wrapped up the Q&A portion of her confirmation
hearing with the Senate Banking committee. It would have been shorter,
but most ...
Thu, Nov 14 2013, 10:39 AM
Applications for mortgages to purchase newly constructed homes jumped by 11
percent in October compared to September. Texas, Florida and
Californ...
Thu, Nov 14 2013, 10:32 AM
Judicial
states playing catchup were behind a rise in foreclosure activity in October according
to RealtyTrac's U.S. Foreclosure Market Report.
Fo...
Thu, Nov 14 2013, 10:16 AM
"Ho-hum" is the word DataQuick used to
describe the housing market in California's Bay Area last month. A total of 7,595 new and resale houses and
...
Thu, Nov 14 2013, 10:14 AM
Research shows that in seven years, "Gen Y" consumers will represent 40% of the US workforce. Are you ready for them? Are they ready to move out of th...
Thu, Nov 14 2013, 7:32 AM
Yesterday was quite an interesting day for bond markets and one that
goes a long way toward confirming hope that prices could hold their
ground at...
Thu, Nov 14 2013, 5:02 PM
Mortgage rates continued today
following the Janet Yellen's confirmation hearing before the Senate
Banking Committee. Yellen is the nominee to ...
Thu, Nov 14 2013, 5:01 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Wed, Nov 13 2013, 12:27 PM
Even with Treasury auctions coming up at 1pm today and tomorrow,
bond markets are already pushing back against yesterday's weakness.
This is happ...
Wed, Nov 13 2013, 9:52 AM
Aside from not having to wear ties on Fridays, or even collared
shirts for that matter, the boys and girls over at Barclays have
released their 3 ...
Wed, Nov 13 2013, 8:40 AM
In
addition to releasing data on mortgage application activity for the week ended
November 8, the Mortgage Bankers Association (MBA) revised its num...
