Wed, Oct 9 2013, 6:51 AM
These are not normal times. While this could have been said at many
points since the onset of the financial crisis, they're perhaps even
more abn...
Wed, Oct 9 2013, 4:39 PM
Mortgage rates were unchanged today, the
the underlying mortgage-backed-securities (MBS) market was volatile.
MBS have the most direct effect...
Wed, Oct 9 2013, 4:32 PM
Bond markets began the day in roughly the same territory they
occupied at the end of yesterday. MBS prices had an artificial deficit
due to the r...
Wed, Oct 9 2013, 4:14 PM
Pressure appears to be building on the
Federal Housing Finance Agency's (FHFA) acting director to back down or at
least delay an intended reduction ...
Wed, Oct 9 2013, 3:08 PM
A new system
should incorporate several structural recommendations including a wholly-owned
government corporation functioning as a catastrophic gua...
Wed, Oct 9 2013, 1:00 PM
The White House has confirmed that President Obama
will announce his nomination of Janet Yellen to succeed Ben Bernanke as Chairperson
of the Federa...
Tue, Oct 8 2013, 12:37 PM
Referring to today's movements in MBS with the word "volatility" may
be a bit generous considering we haven't even traversed half of
yesterday's r...
Tue, Oct 8 2013, 11:27 AM
Freddie Mac has issued guidance to its
lenders and servicers in an effort to keep the mortgage market flowing during
the lengthening government shu...
Tue, Oct 8 2013, 9:46 AM
The Mortgage Bankers Association's (MBA)
Mortgage Credit Availability Index (MCAI) indicates that lending standards tightened
slightly for the sec...
Tue, Oct 8 2013, 9:40 AM
The new securitization platform envisioned in the Federal
Housing Finance Agency's (FHFA) Strategic
Plan for Freddie Mac and Fannie Mae has taken ...
Tue, Oct 8 2013, 9:38 AM
Freddie Mac and Fannie Mae have together completed nearly
3 million foreclosure prevention actions since being placed in conservatorship
in 2008 t...
Tue, Oct 8 2013, 9:37 AM
"All of the talk about lenders 'loosening' their requirements for IRS
transcripts. Lenders should remember that just because an investor or
aggreg...
Tue, Oct 8 2013, 6:52 AM
With the government shutdown ongoing, there continues to be a severe restriction
on relevant economic data. Unfortunately, "relevant economic dat...
Tue, Oct 8 2013, 5:46 PM
Home ownership is expected to be key to the California real estate market
over the next year. The 2014 California Housing
Market Forecast" released...
Tue, Oct 8 2013, 5:00 PM
Mortgage rates moved higher today, but remain in the range of recently lower levels that has persisted since late September. Conforming, 30yr f...
Tue, Oct 8 2013, 4:48 PM
Bond markets put on a clinic today, demonstrating just how intent they
are on doing absolutely nothing. It may not have seemed like much of a
fea...
Tue, Oct 8 2013, 1:26 PM
CoreLogic
said today that the shadow inventory or pending supply of homes at the end of
July consisted of 1.9 million homes with an approximate ma...
Mon, Oct 7 2013, 12:21 PM
The National Association of Home Builders (NAHB) and First
American Title Insurance Company today unveiled a new measure of housing market
health ,...
Mon, Oct 7 2013, 9:26 AM
This is exciting - kind of like a WWII movie, where things are sent
via code. (No foot tapping jokes please!) In this case, our government's
weath...
Mon, Oct 7 2013, 7:44 AM
Uncertainty and paralysis were the themes that pervaded last week.
Those are likely to continue for bond markets as long as the shutdown
persists...
Mon, Oct 7 2013, 5:32 PM
There are several different iterations of "Shutdown Limbo," they're
all essentially the same dance at the end of the day, especially this
one! Re...
Mon, Oct 7 2013, 4:52 PM
Mortgage rates were mixed but flat on
average, though they began the day in stronger territory. This
morning's rates sheets were the best in ...
Mon, Oct 7 2013, 3:25 PM
Three areas drew the focus of the Lender Processing Services
(LPS) August Mortgage Monitor released today: prepayment activity and
refinance ...
Mon, Oct 7 2013, 2:22 PM
Fannie Mae said today that consumer
responses to its monthly National Housing Survey may have been tempered in
September by growing concern about ...
Mon, Oct 7 2013, 1:55 PM
The week has begun in the same sideways fashion that dominated the
entirety of last week. 10yr yields continue to orbit around 2.615,
moving more...
Fri, Oct 4 2013, 10:26 AM
According to a release from Citi, the bank will pay Freddie Mac
$395 million, all of which is covered by its existing mortgage
repurchase rese...
Fri, Oct 4 2013, 9:53 AM
The federal payroll report, eagerly
awaited on the first Friday of each month, will not be available today or for
the foreseeable future. The Bureau...
Fri, Oct 4 2013, 7:53 AM
Yesterday was very telling in 2 important ways. First of all, it
confirmed that no one knows what the heck they're going to do until they
get the...
Fri, Oct 4 2013, 5:13 PM
Mortgage rates were slightly higher today, but remained well within the extremely narrow range that dominated the week. Conforming, 30yr fixed ...
Fri, Oct 4 2013, 5:06 PM
If we take every price from every minute of MBS trading so far in
October, the average Fannie 3.5 price is 101-26, precisely where it's
coasting o...
Fri, Oct 4 2013, 4:14 PM
Lenders have had three days to
digest Tuesday's partial Federal government shutdown, and while loan processing
has been affected, the impact has no...
Fri, Oct 4 2013, 1:14 PM
Sometimes there are a lot of headlines and events to discuss, but
this isn't one of those times. There's nothing new or meaningful to add
beyond ...
Thu, Oct 3 2013, 12:20 PM
While he anticipates that the current
government shutdown will be short-lived, Moody Analytics Chief Economist Mark
Zandi said yesterday that "If ...
Thu, Oct 3 2013, 12:01 PM
ISM's Non-Manufacturing Index has always been a relevant market
mover, but especially so during in recent months. Today's rivals
yesterday's ADP ...
Thu, Oct 3 2013, 10:34 AM
Vampire REOs and Zombie Foreclosures
star in a brief report issues by RealtyTrac this morning. These " Monsters of the Housing Market ," the
compan...
Thu, Oct 3 2013, 9:54 AM
Craig B. sent this one in, discovered when doing some research on
prepaid interest: "Prepaid interest is interest that you pay in advance.
Prepaid...
Thu, Oct 3 2013, 8:20 AM
At least a few pundits yesterday said directly or alluded to the
notion--in not so many words--that the Fed didn't matter as much this
week becaus...
Thu, Oct 3 2013, 5:01 PM
Mortgage rates were relatively unchanged again today, marking
the 5th day in a row near current levels. If there's a bias, it has
been modest...
Thu, Oct 3 2013, 4:52 PM
Of all the times that a government shutdown could take the monthly
jobs report offline, this week may have been one of most challenging to
deal wi...
Thu, Oct 3 2013, 3:50 PM
The following is an economic "case" made by Treasury for the dangers
associated with the debt ceiling brinksmanship. While they do admit
that the...
Thu, Oct 3 2013, 1:52 PM
With the government shutdown now in its third day
and the debt ceiling deadline looming there are increasing signs that some financial
players are g...
Wed, Oct 2 2013, 12:18 PM
Bond markets traded reasonably well overnight, improving at first, but
giving up ground as the domestic session got underway. By 8am, MBS and
Tre...
Wed, Oct 2 2013, 10:18 AM
Freddie Mac has tentatively settled
three more claims with financial institutions over representations and
warranties related to single family loa...
Wed, Oct 2 2013, 9:57 AM
Anthony Bird, owner of Michigan's Riverbank Finance , writes, "I have done some research regarding the shutdown and how it will affect government age...
Wed, Oct 2 2013, 9:20 AM
Even though mortgage interest rates decreased again,
the Mortgage Bankers Association's (MBA's) Market Composite Index continued to
see-saw, falling...
Wed, Oct 2 2013, 4:59 PM
Mortgage rates were flat to slightly lower today, depending
on the lender. Taken together with the previous three days, it would
be more than...
Wed, Oct 2 2013, 4:50 PM
Bond markets began the day relatively close to Tuesday's latest
levels and were soon in rally mode owing to the weaker-than-expected ADP
Employmen...
Wed, Oct 2 2013, 1:37 AM
Weeks that contain the Employment Situation Report (NFP) are
supposed to be all about NFP. Yet here we are in the midst of a
government shutdow...
Tue, Oct 1 2013, 11:59 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Tue, Oct 1 2013, 11:30 AM
Home prices continued to increase in August, but the breakneck
pace of earlier months moderated a bit CoreLogic said today. Its Home Price Index (H...
