Tue, May 13 2014, 1:00 PM
The Federal Housing Finance Agency
(FHFA) will not use its conservatorship authority to reduce current conforming
loan limits. FHFA Director Melv...
Mon, May 12 2014, 12:54 PM
Home prices continued to increase as
broadly if not as rapidly as in previous periods the
National Association of Realtors® (NAR) reported today. M...
Mon, May 12 2014, 12:01 PM
The Mortgage Bankers
Association's (MBA) estimate of new home sales rose in April . MBA bases its estimate on applications for
mortgages to purcha...
Mon, May 12 2014, 11:58 AM
It's been a slow morning so far, and utterly lacking in overt inspiration. More simply put, we haven't seen any movement in Treasuries or MBS linked ...
Mon, May 12 2014, 10:38 AM
"Under
the current rules, would it be illegal for a company to offer a
mortgage program that had discounted mortgage rates for people with
col...
Mon, May 12 2014, 7:51 AM
Over the weekend, events that have been labelled by some as 'referendums' took place in several of the most embattled regions in Ukraine. Not surpris...
Mon, May 12 2014, 4:25 PM
Compared to the 9 ticks of price weakness in 10yr Treasuries (+3.1 bps), Fannie 3.5 MBS were only off 5 ticks and Fannie 4.0s just 3 ticks in the fina...
Mon, May 12 2014, 2:13 PM
Mortgage rates continued higher
today, adding to the corrective rebound from last week's 6-month lows.
There were no significant events or n...
Fri, May 9 2014, 12:26 PM
In yesterday's update
on housing finance reform it was noted that Senator Tim Johnson (D-SD) was
hoping to have 16 favorable votes lined up befo...
Fri, May 9 2014, 11:58 AM
Bond markets are just slightly weaker, and have thus far been doing a decent job of keeping those losses contained. There hasn't been much by way of '...
Fri, May 9 2014, 10:18 AM
"Where
do I go to find out about resources to mortgage lenders and mortgage
brokers to learn about state specific requirements , licensing, the
...
Fri, May 9 2014, 7:42 AM
First thing's first: "mortgage rates" themselves, have clearly already broken the 2014 range, having moved into the best levels since late October o...
Fri, May 9 2014, 3:11 PM
The focus of the week for MBS and rates should be on the fact that we made it to levels not seen since the end of October 2013. With 6 out of the la...
Fri, May 9 2014, 2:02 PM
Mortgage rates
rose today, pulling back just slightly after spending 6 of the last 7
days in an aggressive move to the lowest levels in more th...
Thu, May 8 2014, 12:50 PM
Freddie Mac and Fannie Mae both reported profitable results for the first quarter of 2014 today, the 10th consecutive profit for Freddie Mac and the...
Thu, May 8 2014, 12:01 PM
Europe and the US serenaded each other this morning with a hot rendition of "Dueling Bankers." Not to be confused with dueling banjos, this song feat...
Thu, May 8 2014, 10:29 AM
In late summer 2008 the Treasury
Department initially pledged $200 billion of financial help for F&F
in anticipation of future mortgage defaults, ...
Thu, May 8 2014, 7:42 AM
Thursday is probably the most action-packed day of the week for MBS. It gets most of the way there by being a fairly action-packed day for bond marke...
Thu, May 8 2014, 4:40 PM
Right from the outset, seemingly strange things were happening as 10yr yields looked much higher on charts, yet were reported as being slightly lower ...
Thu, May 8 2014, 3:15 PM
Mortgage rates added just slightly
to yesterday's improvements, inching just a bit lower into the best
levels in more than 6 months. The bon...
Thu, May 8 2014, 1:40 PM
Even though sales to investors and sales
of distressed homes have declined the National Association of Realtors® (NAR) reports
that all-cash sales ...
Thu, May 8 2014, 1:31 PM
Mike Fratantoni, Chief Economist of the Mortgage Bankers Association
explained the slightly lower Mortgage Credit Availability Index (MCAI) for
Apri...
Wed, May 7 2014, 12:40 PM
Bond markets have been slightly more active today both in terms of volume and volatility. Overnight trading was essentially a wash. 10yr yields were...
Wed, May 7 2014, 10:45 AM
Radian
Group not only reported its net income for the quarter ended March 31,
2014, of $202.8 million (compared to a net loss for the quarter end...
Wed, May 7 2014, 8:41 AM
It officially
became a buyers' market in mortgage applications during the week ended May
2. The Mortgage Bankers Association said
that applicati...
Wed, May 7 2014, 7:42 AM
Bond markets put in another strong day yesterday, returning to the strongest end of their respective ranges after losing just a bit of ground to start...
Wed, May 7 2014, 4:07 PM
Bond began the first few minutes of the day in slightly weaker shape, but ended the day in positive territory after Yellen's congressional testimony a...
Wed, May 7 2014, 3:15 PM
Mortgage rates continued pushing
into the lowest levels in more than 6 months after a docile
congressional testimony from Fed Chair Yellen th...
Wed, May 7 2014, 2:39 PM
Fannie Mae is taking an upbeat view of
the housing market over upcoming months because of the general improvement in
Americans' outlook revealed i...
Wed, May 7 2014, 1:30 PM
Sources say that the Senate Banking Committee will take
up discussions of S 1217, yet another bill that addresses housing finance
reform , sometime...
Tue, May 6 2014, 12:38 PM
The country has now reached about 88
percent of what is considered its normal level of economic and housing activity
the National Association of...
Tue, May 6 2014, 11:02 AM
So far this week, stocks and bonds have generally been moving together again after a bit of disconnection last week. Equities futures fell graduall...
Tue, May 6 2014, 10:47 AM
Home prices posted another double digit
annual increase in March CoreLogic said today.
The company's Home Price Index (HPI) including distressed sa...
Tue, May 6 2014, 10:06 AM
"Is there a credible source I could quote as to how mortgage
originations YTD for 2014 compare to 2013?" That's an easy one. Marina
Walsh, VP at t...
Tue, May 6 2014, 8:00 AM
There was a Bloomberg article out on Sunday night that quickly made rounds in financial markets and among market watchers. It isn't 'in your face...
Tue, May 6 2014, 4:19 PM
Calmly and coolly, MBS marched to the best levels of the year this afternoon, and for no particular reason as far as today's events were concerned. ...
Tue, May 6 2014, 3:36 PM
Mortgage rates
fell back to their lowest levels of 2014, with most lenders in similar
territory to last Friday. Market movement was moderate, ...
Mon, May 5 2014, 12:06 PM
Mortgage originations are at their
lowest level in nearly 10 years Black Knight Financial Services said today. Mortgage originations fell to 238,000...
Mon, May 5 2014, 11:45 AM
Bond markets have been fairly calm this morning, even if slightly weaker after the ISM Non-Manufacturing data (aka ISM Services). Before that, ther...
Mon, May 5 2014, 9:39 AM
How many days do we have to cure a GFE tolerance violation ? The Mortgage Bankers Association of the Carolinas wrote, "Regulation X provides: 'If
...
Mon, May 5 2014, 7:54 AM
Last week ended in ground-breaking fashion with bond markets clawing into positive territory despite a substantially better-than-expected Employment S...
Mon, May 5 2014, 4:15 PM
After Friday's orgiastic frenzy of bet-making and profit taking, bond markets sat back in their seats and abstained today. In poker terms, this is a ...
Mon, May 5 2014, 3:35 PM
Mortgage rates
move up just slightly today, after hitting the lowest levels in 6
months at the end of last week. Some lenders who didn't get t...
Mon, May 5 2014, 3:10 PM
Since the beginning of the housing crisis in 2008 housing experts have
cited concern over the "Shadow Inventory" and the pitfalls it could present ...
Fri, May 2 2014, 12:17 PM
This has been one of the craziest NFP mornings I can remember--probably THE single most paradoxical reaction at first glance. Granted, bond markets...
Fri, May 2 2014, 9:52 AM
There's
nothing wrong with early dinners! According to the U.S. Census Bureau, a
meeting with the National Council of Senior Citizens resulted in ...
Fri, May 2 2014, 7:42 AM
Unless you're just looking at the recent behavior in interest rates for the first time in months, you're well-aware that they've been stuck in a range...
Fri, May 2 2014, 3:41 PM
In looking at yesterday's activity in bond markets, we could see some level of determination to rally regardless of the incoming economic data. The c...
Fri, May 2 2014, 3:16 PM
While the numbers may change, the story of the U.S. labor market
ultimately is the same. Job growth continues, but significant weakness remains.
...
Fri, May 2 2014, 2:26 PM
Mortgage rates
and many other areas of financial markets moved in shockingly
counterintuitive ways after today's big jobs report. Nonfarm payr...
