Mon, Aug 19 2013, 10:07 AM
I am heading off to Indiana this morning, but still had time to catch
this OCC release about a company to cheat consumers who are trying to
rebuil...
Mon, Aug 19 2013, 7:29 AM
One of the most interesting things about last week was the phenomenon of
'status quo' data serving to inspire heavy selling in both stocks and
bon...
Mon, Aug 19 2013, 5:19 PM
Mortgage rates were convincingly higher today ,
continuing last week's move toward the levels not seen in over two
years. Those levels were re...
Mon, Aug 19 2013, 4:51 PM
Bond markets continued free-falling today, ostensibly searching for the
theoretical point at which a September 18th reduction in the Fed's asset
p...
Mon, Aug 19 2013, 4:18 PM
One of the first things a savvy home shopper does PRIOR to starting a
serious home search is to explore mortgage options. An experienced
realtor ...
Mon, Aug 19 2013, 2:05 PM
The financial crisis took its toll on Wall Street and Main Street
alike. Mistakes were made and bills went unpaid on both sides of the
fence, but...
Fri, Aug 16 2013, 10:28 AM
The pace of residential construction
was notably mixed across all three Census Bureau measures in
July, with the
issuance of permits, housing st...
Fri, Aug 16 2013, 10:14 AM
Hundreds of lenders across the nation are targeting purchase business. When was the last time refis accounted for less than 50% of MBA's weekly appl...
Fri, Aug 16 2013, 9:00 PM
The balance of this week's economic data was unequivocally "not enough"
to remove the stench of September tapering from MBS and Treasuries. It
wa...
Fri, Aug 16 2013, 7:20 AM
Yesterday's post was generally a warning against viewing 2.74 as a 'ceiling' in 10yr yields ( read it here ).
That gives us the opportunity to disc...
Fri, Aug 16 2013, 5:42 PM
Mortgage rates rose sharply again today , with best-execution up to 4.75 in
most cases, after another round of economic data failed to conv...
Fri, Aug 16 2013, 2:40 PM
Bank of America Merrill Lynch has
jumped full on into the debate over the future of Fannie Mae and
Freddie Mac (the GSEs). With a recent article ...
Fri, Aug 16 2013, 2:23 PM
Please note the timestamp on the pricing snapshot below. This mid-day
recap can occasionally be delayed if we're working on alerts and
interactio...
Fri, Aug 16 2013, 2:09 PM
Home sales in California surged by 17.3
percent in July DataQuick said today, rising from 41,027 sales of new
and existing houses in June to 48,11...
Thu, Aug 15 2013, 12:00 PM
Builder confidence has set another
recent benchmark, hitting the highest point on the National
Association of Home Builders (NAHB)/Wells Fargo Housi...
Thu, Aug 15 2013, 11:36 AM
Here is an interesting note I received from a capital markets VP in
Florida: "Rob, I have nicknamed my company's sales staff the 'If
only's.' It s...
Thu, Aug 15 2013, 11:14 AM
"While
foreclosures are continuing to boil over in a select group of markets
where state legislation and court rulings kept a lid on foreclosure
a...
Thu, Aug 15 2013, 7:14 AM
So far this week, Monday has shown us that bond markets were considering
getting back in the swing of things after a dull week past. Tuesday
conf...
Thu, Aug 15 2013, 5:12 PM
Mortgage rates rose sharply today ,
after the large batch of economic data did nothing to suggest the Fed
will move any slower to reduce their ...
Thu, Aug 15 2013, 4:54 PM
Bond markets continue to adhere to the notion that near term economic
data is fantastically important in honing in on a target date for
tapering. ...
Thu, Aug 15 2013, 4:16 PM
The Consumer Financial Protection
Bureau (CFPB) has released a set of exam procedures to assist
financial institutions and mortgage companies plan...
Thu, Aug 15 2013, 3:31 PM
CoreLogic's monthly Market Pulse
Molly Boesel looks at the influence interest rates, which have risen
by a little over 100 basis points from May t...
Thu, Aug 15 2013, 1:28 PM
In its August Economic and Housing
Market Outlook Freddie Mac celebrates, sort of, a birthday. It was
four years, at the end of June, since the rec...
Wed, Aug 14 2013, 12:38 PM
Today was well-scripted in the sense that it offered little by way of actionable data
compared to yesterday and tomorrow. Trading activity has been...
Wed, Aug 14 2013, 9:51 AM
Per the recent post regarding the STRATMOR Group's mid-year survey,
over 50 lenders have responded to the STRATMOR Survey on what actions
lenders ...
Wed, Aug 14 2013, 8:53 AM
Despite
lower interest rates the volume of loan applications decreased during
the week ended August 9 The Mortgage Bankers Association (MBA) said
...
Wed, Aug 14 2013, 7:15 AM
Yesterday's sell-off was a bit of wake-up call for anyone lulled into
a false sense of security by last week's tepidity or their crystal
ball's t...
Wed, Aug 14 2013, 4:56 PM
Mortgage rates leveled off today ,
after moving abruptly higher on Tuesday. Bond markets, including MBS
(the mortgage-backed-securities that m...
Wed, Aug 14 2013, 4:30 PM
In stark contrast to yesterday's session, volume and volatility were nowhere to be found today. MBS and Treasuries entered the domestic session right...
Wed, Aug 14 2013, 3:17 PM
In spite of a huge surge in auto loans,
Americans reduced their overall household debt by $78 billion during
the second quarter the Federal Reserve ...
Wed, Aug 14 2013, 2:51 PM
Even
as foreclosure activity wanes, homeowners continue to seek and obtain
loan modifications through HOPE NOW. The program announced today
that i...
Wed, Aug 14 2013, 1:53 PM
Four investor classes, foreign
investors, the Federal Reserve, fixed income funds, and banks, have
dominated the U.S. Treasury (UST) market in recen...
Tue, Aug 13 2013, 12:21 PM
Until the beginning
of the housing bust, distressed sales were only a small part of the
market and were discounted only in a modest and relatively s...
Tue, Aug 13 2013, 10:04 AM
They say that sensational headlines sell newspapers, but when
incorrect, the retraction shows up on page B3 at the bottom. In this
case, "Presiden...
Tue, Aug 13 2013, 7:03 AM
Last week was one of those perfectly slow weeks that looked like it
would be slow ahead of time and didn't disappoint. It was also "Shark
Week" o...
Tue, Aug 13 2013, 4:35 PM
After maligning last week's lack of excitement, bond market bulls would
be happy to have it back after today's sell-off. We were expecting more
v...
Tue, Aug 13 2013, 3:09 PM
Mortgage rates were abruptly higher today ,
moving back toward the highs of the month and erasing most of the
improvements seen since the Emplo...
Tue, Aug 13 2013, 1:22 PM
Yesterday the California Association of
Realtors® (C.A.R.)
reported that home affordability in the state was falling rapidly.
Today the National...
Mon, Aug 12 2013, 11:57 AM
This morning's slowness was mostly to-be-expected. There's nothing on the calendar in terms of economic data until the afternoon and the report in qu...
Mon, Aug 12 2013, 9:30 AM
Periodically I am asked, "Do you know how many LOs there are in the nation? "
And folks periodically write and ask, "How many lenders are there in ...
Mon, Aug 12 2013, 7:29 AM
Coming off a week that was uneventful by any standard, the week ahead is notably different
in terms of its more robust economic data offerings. T...
Mon, Aug 12 2013, 5:03 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Mon, Aug 12 2013, 3:55 PM
Mortgage rates began the day in much better
shape compared to Friday's latest offerings, but market volatility in
the afternoon prompted most ...
Mon, Aug 12 2013, 2:35 PM
The affordability of California homes
is dropping rapidly as prices continue to soar and now higher
interest rates are compounding the problem. T...
Mon, Aug 12 2013, 2:15 PM
The Federal Reserve Bank of New York
has taken on a laudable and possibly herculean task - trying to
make its policies and operations understandable...
Fri, Aug 9 2013, 12:22 PM
Volume and volatility were exceptionally light in the overnight session
with Treasuries holding flat during Asian hours, rallying during European ho...
Fri, Aug 9 2013, 10:52 AM
Approximately
43,000 newly constructed homes were purchased in July, the Mortgage
Bankers Association (MBA) said today. MBA based its estimate on
...
Fri, Aug 9 2013, 9:57 AM
Those in the lending industry are more concerned with the future, but
we (along with the public, regulators, Congress, and so on) continue to
be r...
Fri, Aug 9 2013, 7:50 AM
Last night was Class A Settlement for MBS--aka " the roll ." If
the roll causes any confusion (pretty normal), try thinking of it like
an assembl...
Fri, Aug 9 2013, 5:14 PM
Nothing at all happened today. There were no significant market moving
events. Data didn't matter--or at least no one cared to trade it
today. ...
