Thu, Sep 5 2013, 12:37 PM
This risk that today's session would bring a pre-NFP "lead off" in
the event of stronger data is coming to nauseating fruition before our
eyes. 1...
Thu, Sep 5 2013, 10:41 AM
Almost a quarter of U.S. homeowners with
a mortgage are still underwater after the rapid plunge of house prices that
started in 2007, however more...
Thu, Sep 5 2013, 10:16 AM
On Saturday we'll have an exciting anniversary: on 9/7/08 Treasury
Secretary Hank Paulson announced a plan where the government took
control of Fa...
Thu, Sep 5 2013, 8:02 PM
There's little left to say about today that hasn't already been said in the earlier MBS MID-DAY .
As that post notes, seeing bond markets take a "l...
Thu, Sep 5 2013, 7:49 AM
Since the methodology change, 7 out of 9 reports have accurately
predicted the direction of movement in the official private payrolls
tally from...
Thu, Sep 5 2013, 6:40 PM
Mortgage rates leaped to new 2-Yr highs today ,
after strong economic data increased the chances that tomorrow's
all-important jobs report woul...
Thu, Sep 5 2013, 2:54 PM
Across the country, investors are
taking advantage of the nation's foreclosure crisis to purchase homes at
bargain prices, often beating out potent...
Wed, Sep 4 2013, 12:06 PM
A new groups billing itself as an
AARP for homeowners has announced it is accepting members. The group, America's Homeowner Alliance , says
its ai...
Wed, Sep 4 2013, 12:02 PM
Overnight markets were relatively uneventful with moderate weakness for
Treasuries during Asian hours and a slight recovery during European
hours....
Wed, Sep 4 2013, 10:59 AM
New guidance effecting the Federal
Housing Administration's (FHA's) Home Equity Conversion Mortgage (HECM)
program, often referred to as reverse mo...
Wed, Sep 4 2013, 10:15 AM
I know it is already Wednesday, but here is something labeled " The Monday Map "
which shows some interesting trends in personal incomes among the
...
Wed, Sep 4 2013, 8:45 AM
After weeks of declining numbers, slightly lower
interest rates apparently spurred a modest bounce in applications for mortgage refinancing. The M...
Wed, Sep 4 2013, 6:38 AM
Typically, the Wednesday before an NFP Friday would bring ADP Private
Payrolls at 8:15am, but due to the holiday-shortened week, ADP will now
arri...
Wed, Sep 4 2013, 5:13 PM
Mortgage rates moved higher again today ,
making it one of the three worst days of the year for rates. The rate
with the most efficient combin...
Wed, Sep 4 2013, 4:49 PM
A recent entry in the NY Fed's Liberty Street Economics blog makes a
compelling case for the role of Consumer Confidence in forecasting labor
mark...
Wed, Sep 4 2013, 4:32 PM
Focusing too closely on the events and market movements of this
single session could make for challenging and unsatisfying analysis.
Instead, if ...
Wed, Sep 4 2013, 3:30 PM
Builders are encountering a shortage of
buildable lots the National Association of Home Builders (NAHB) said today; a lack
of lots that is particu...
Wed, Sep 4 2013, 2:19 PM
Delinquency rates for commercial and multifamily
mortgages loans improved in the second quarter of 2013 across all of the major
groups that invest...
Tue, Sep 3 2013, 12:29 PM
Even before this morning's economic data, bond markets were in
weaker territory as the US played catch up to the rest of the world's
Monday tradin...
Tue, Sep 3 2013, 10:59 AM
Home
prices jumped by 1.8 percent nationally during the month of July. CoreLogic reported that values on its Home
Price Index (HPI) which exclud...
Tue, Sep 3 2013, 9:49 AM
August was not a pleasant month for many lenders, and September may
not be much better. Sure, volumes are down, and staffing is down in most
shops...
Tue, Sep 3 2013, 9:30 AM
The size of Fannie Mae's Gross Mortgage
Portfolio dropped in July by the largest percentage in at least two years, falling
from an ending balance ...
Tue, Sep 3 2013, 8:22 AM
As certainty of the Fed's intent to reduce asset purchases at the September meeting has waxed and waned (and waxed again), one thing
has remained ...
Tue, Sep 3 2013, 4:36 PM
Construction contributed nearly a
trillion dollars to the U.S. economy on a seasonally adjusted annualized basis
in July, an increase of 0.6 percent...
Tue, Sep 3 2013, 4:30 PM
The first day back after Labor Day weekend offered a bit of excitement
with bond markets on the ropes right from the start. This was primarily
a ...
Tue, Sep 3 2013, 3:13 PM
Mortgage rates moved up to their highest levels since August 22nd today. moving sideways on average. 30yr Fixed rates for the most ideal scenario...
Tue, Sep 3 2013, 1:07 PM
Rising interest rates had apparently not
heavily affected prepayment activity and thus, by inference, refinancing
through July Lender Processing S...
Fri, Aug 30 2013, 12:12 PM
Mortgage loan profits tumbled by 14
percent in the second quarter of 2013 the Mortgage Bankers Association (MBA) said
on Friday. Independent mort...
Fri, Aug 30 2013, 11:19 AM
Bond markets were flat for most of the overnight session before weakening in tandem with late European data and early domestic trading. 10yr yields w...
Fri, Aug 30 2013, 10:52 AM
Radian announced it has entered into an agreement with Freddie Mac
on a pool of delinquent loans which eliminates credit risk on 9,756
delinque...
Fri, Aug 30 2013, 5:41 AM
For more reasons than meet the eye, the 3-day Labor Day weekend
coming up is the most relevant near term consideration for markets.
There are oth...
Fri, Aug 30 2013, 3:20 PM
The Center for Responsible
Lending (CRL) estimates that between 2007 and 2012 some 12.5 million homes in
America have been put into the process of f...
Fri, Aug 30 2013, 2:56 PM
In the spirit of a day where many market participants are leaving
early, here's an sneak preview of a recent MBS Live update that would
normally a...
Fri, Aug 30 2013, 1:44 PM
Mortgage rates had an uneventful day ,
moving sideways on average. Some lenders were almost perfectly
unchanged, while others were slightly hi...
Thu, Aug 29 2013, 12:17 PM
It's been an interesting morning so far for bond markets, even if
it's ultimately to be inconsequential. Indeed, the message is being
sent that m...
Thu, Aug 29 2013, 11:47 AM
Freddie Mac's Total Loan Portfolio now has an outstanding
balance of $1.94 trillion dollars. The
balance at the end of July represents a reduction...
Thu, Aug 29 2013, 11:37 AM
RealtyTrac, which has historically reported
on the distressed home market, has now widened the focus of its U.S. Residential and Foreclosure Sales
...
Thu, Aug 29 2013, 11:26 AM
Completed foreclosures in July were down
25 percent from a year earlier CoreLogic said today. There were 49,000 completed foreclosures
during the...
Thu, Aug 29 2013, 9:55 AM
Affordability has a strong impact on homeownership. Not surprisingly,
per the NRA, I mean the NAR, four of five states with the lowest
homeownersh...
Thu, Aug 29 2013, 7:29 AM
Bond markets have increasingly shown their hand regarding Syria-related headlines and their ability to influence a flight-to-safety
(where stock p...
Thu, Aug 29 2013, 5:44 PM
When Michael Harnett talks about long term strategy, markets listen. Why? He is Mr. " Great Rotation ,"
the strategy that--In
October 2012--predi...
Thu, Aug 29 2013, 5:31 PM
Michael Fleming, Vice President, Research and Statistics Group of the
Federal Reserve Bank of New York (FRBNY) recently provided a tutorial on the
...
Thu, Aug 29 2013, 5:10 PM
Mortgage rates began the day in slightly higher territory, but most lenders adjusted rate sheets mid-day, bringing the average rate just below ye...
Thu, Aug 29 2013, 4:58 PM
Essentially, nothing has changed since the mid day commentary. The
intro section there is the best recap of why today happened the way it
did. ...
Wed, Aug 28 2013, 11:44 AM
The recent reality for bond markets can be viewed in several ways.
We could consider the longer term trend toward higher rates or the more
recent...
Wed, Aug 28 2013, 11:26 AM
The National Association of Realtors® (NAR)
blamed higher interest rates for the slipping home sales numbers reflected in its
pending home sales r...
Wed, Aug 28 2013, 10:53 AM
There are lots of training videos out there. But there aren't many 0%
down payment programs from the government - the USDA is about it. Here
is on...
Wed, Aug 28 2013, 8:41 AM
Refinancing activity fell again during
the week ended August 23, driving down the Mortgage Bankers Association's (MBA)
Market Composite Index, a mea...
Wed, Aug 28 2013, 7:11 AM
The mid-point of the week is acceptably plagued by
uncertainty. We can't really be sure which of the events on tap will
have the largest impact...
Wed, Aug 28 2013, 4:59 PM
Mortgage rates bounced higher today, moving back in line with Monday's levels. Conventional 30yr Fixed quotes for the most ideal scenarios ( be...
