Mon, Nov 4 2013, 12:23 PM
The story so far today is one of modest correction from last week's
losses. To recap that last 3 weeks, bond markets approached their best
recent...
Mon, Nov 4 2013, 10:56 AM
The market share of first-time
homebuyers continued to decline this year, slipping one percentage point to 38
percent and down from the long-term ...
Mon, Nov 4 2013, 10:37 AM
Large financial institutions facing
their annual round of stress tests were given their scripts by regulators on
Friday. The tests are designed to
...
Mon, Nov 4 2013, 10:17 AM
A case that might have limited or at
least clarified a portion of the 1968 Fair Housing Act (FHA) has apparently
been settled before the Supreme Cou...
Mon, Nov 4 2013, 9:36 AM
The industry is hoping for some good news from Nationstar Thursday at 9AM EST, which announced last week that its 3 rd quarter earnings and busines...
Mon, Nov 4 2013, 7:04 AM
Only 2.5 weeks separates this week's Employment Situation Report one
from the last due to the government shutdown. The last jobs report
helped rat...
Mon, Nov 4 2013, 4:55 PM
Mortgage rates were mostly flat
today, though some lenders offered slightly improved rate sheets
compared to Friday afternoon. The improvements...
Mon, Nov 4 2013, 4:27 PM
Today was one of those characteristically "slow Mondays" in the way
only Mondays can be. It didn't help that Japan was out on Holiday (our
turn n...
Fri, Nov 1 2013, 12:46 PM
Two days, two ISM reports and both have done a good amount of
damage to bond markets. Yesterday's regional report from ISM Chicago
left trading l...
Fri, Nov 1 2013, 9:59 AM
Provident Funding, Stearns Lending, Fifth Third Mortgage, Flagstar
Bank, United Wholesale Mortgage, Nationstar Mortgage, New York Community
Bank, ...
Fri, Nov 1 2013, 7:23 AM
ISM Manufacturing and non-manufacturing are two of the most widely followed economic reports
and are key players in the ensemble of non-employment...
Fri, Nov 1 2013, 4:59 PM
Mortgage rates continued higher today ,
after breaking a very long, very flat streak following last week's jobs
numbers. Like yesterday, today's...
Fri, Nov 1 2013, 4:51 PM
This week saw a tentative prodding of range boundaries--both long
term and short term--following last week's Employment Situation Report.
Wednesd...
Fri, Nov 1 2013, 3:21 PM
According to sources speaking to Bloomberg , an agreement has been reached
between Wells Fargo Bank and the Federal Housing Finance Agency (FHFA) to...
Fri, Nov 1 2013, 1:34 PM
Despite statements of support from
housing advocates, industry trade groups, and the White House the Senate
yesterday refused to allow a vote on the...
Thu, Oct 31 2013, 12:27 PM
Bond markets began the day with promise. Technical support levels
managed to hold up overnight in Treasuries. MBS began the day in
positive terr...
Thu, Oct 31 2013, 11:58 AM
Completed foreclosures in September totaled
51,000 nationwide, down 39 percent from a year earlier when banks repossessed
84,000 homes. CoreLogic ...
Thu, Oct 31 2013, 11:20 AM
America's housing inventory is aging and
that perhaps could present an opportunity for bargain-hunting homeowners. RealtyTrac's Aging Homes Analy...
Thu, Oct 31 2013, 10:29 AM
I am 100% positive that this announcement is not the last one like it we'll see in the next several months, if not days. " SunTrust Mortgage to Exit B...
Thu, Oct 31 2013, 6:21 PM
The past two days have been quite something for MBS markets--not in
any meaningful way, but certainly frustrating. Reason being: BOTH days
have o...
Thu, Oct 31 2013, 5:23 PM
After 5 straight days of almost no change on average, mortgage rates finally made a move today. Unfortunately,
it wasn't in the direction tha...
Thu, Oct 31 2013, 3:12 PM
The National Association of Realtors®
(NAR) added its comments to those of other housing groups about a re-proposed definition
of qualified resident...
Thu, Oct 31 2013, 3:09 PM
The Senate Banking Committee held a hearing
on Thursday on the preferred structure of any government guarantee of
mortgage-backed securities (MBA). ...
Thu, Oct 31 2013, 1:13 AM
A quick note about yesterday: The post-FOMC sell-off surprised many
market-watchers. It was a bit surprising at first, but less so when
taking a ...
Wed, Oct 30 2013, 12:59 PM
It's time to play "Build Your Own Fed Statement" It's
easy to win, just choose your favorite answers from the bold options.
Information re...
Wed, Oct 30 2013, 12:19 PM
The Senate Banking Committee heard from six witnesses on Tuesday on the
topic of " Housing Finance Reform: Essentials of a Functioning Housing Financ...
Wed, Oct 30 2013, 12:10 PM
Overnight trading deposited bond markets in just slightly better
territory to start the domestic session. Right off the bat, the ADP
employment n...
Wed, Oct 30 2013, 10:29 AM
I had a chance to meet some very good folks here at the MBA
conference in Washington DC - there are some genuinely good people in
this industry. T...
Wed, Oct 30 2013, 9:01 AM
There was a big jump in the volume of
applications for mortgage refinancing last week as customers reacted to the
lowest interest rates since earl...
Wed, Oct 30 2013, 7:49 AM
Is the collection of data and events today finally enough to break
the recent monotony in bond market trading levels? Or will we be
waiting until...
Wed, Oct 30 2013, 4:59 PM
Nearly half of the homes sold so far
this year in California went for more than their asking price . Such sales usually result from so-called "...
Wed, Oct 30 2013, 4:31 PM
MBS Live : MBS Afternoon Market Summary
Bond markets were pushing the boundaries of their best recent levels this morning, and that trend c...
Wed, Oct 30 2013, 3:28 PM
Mortgage rates began the day lower, with
several lenders releasing their best rate sheets in nearly 5 months.
The day progressed well in the se...
Wed, Oct 30 2013, 3:06 PM
At an afternoon press conference on Wednesday
Secretary of Housing and Urban Development Shaun Donovan and Gene Sperling,
Director of the National E...
Wed, Oct 30 2013, 2:02 PM
Information received since the Federal Open Market Committee met in
September generally suggests that economic activity has continued to
expand at...
Wed, Oct 30 2013, 1:44 PM
The Mortgage Bankers Association (MBA)
issued a statement today urging the Senate to confirm a new director of the
Federal Housing Finance Agency (F...
Tue, Oct 29 2013, 11:55 AM
For the second day, Fannie 3.5s are demonstrating an uncanny
ability to remain inside the the highs and lows established on Friday.
Given that th...
Tue, Oct 29 2013, 10:59 AM
Both the
10-City and 20-City S&P-Case-Shiller Home Price Indices gained 1.3 percent
in August to values of 175.8 and 164.53 respectively. These i...
Tue, Oct 29 2013, 9:44 AM
Of the 45 educational sessions here at the MBA conference, 87 of them
have to do with QM. (No, that is not a misprint.) If you have to ask
the per...
Tue, Oct 29 2013, 7:33 AM
From the standpoint of trading levels, yesterday was meaningless.
Both Treasuries and MBS remained inside the ranges set by Friday's highs
and lo...
Tue, Oct 29 2013, 4:28 PM
Today's bond market activity was similar to yesterday's in the
sense that prices and yields continue to trade in clearly-defined and
exceptionally...
Tue, Oct 29 2013, 3:55 PM
Mortgage rates continued flying their recent holding pattern just over 4 percent.
Most lenders' rate sheets were essentially unchanged compare...
Tue, Oct 29 2013, 3:03 PM
It didn't attract a lot of notice at the time, but a speech last Wednesday
by Consumer Financial Protection Bureau (CFPB) Director Richard Cordray ap...
Tue, Oct 29 2013, 1:38 PM
The Mortgage Bankers Association (MBA) might
not have been smiling as it prepared the economic forecast for 2014 it handed
out today. The associatio...
Mon, Oct 28 2013, 12:07 PM
Access to the credit needed to drive this economy
is being stifled by government decisions that are an overreaction to events of
five years ago, ...
Mon, Oct 28 2013, 11:31 AM
Bond markets began the day in moderately weaker territory. Overnight
Treasuries remained in a narrow range but like MBS, moved to the day's
weake...
Mon, Oct 28 2013, 10:16 AM
Contracts for home purchases declined
for the fourth consecutive month the National Association of Realtors® (NAR)
said today. NAR's Pending Home...
Mon, Oct 28 2013, 9:34 AM
The Federal Housing Finance Agency (FHFA
has released details about its portion of the $13 billion settlement with JP
Morgan Chase (JPM) announced l...
Mon, Oct 28 2013, 9:09 AM
I probably use about 5% of
my fancy phone's capacities, and barely know how to get to e-mail, the
internet, and YouTube on my computer. But walkin...
Mon, Oct 28 2013, 7:02 AM
Despite the fact that last week saw the return of the critically important
Employment Situation report, this will be the week where the majority
...
