Fri, Apr 11 2014, 11:26 AM
Two of the nation's largest banks
released their first quarter earnings on Thursday. The results of one outpaced analysts'
expectations while the o...
Fri, Apr 11 2014, 10:12 AM
As they say, "money talks and ---- ---- walks." I don't know who the "they" is in that sentence, but "regulators" are boosting the capital rule fo...
Fri, Apr 11 2014, 7:42 AM
Yesterday's bond rally took markets by surprise. Granted, the proponents of the 'death cross' or those pointing to support from longer term moving av...
Fri, Apr 11 2014, 3:22 PM
Even after moving across the 3pm close of Treasury Pit trading at the CME, bond markets have continued to hold inside the same narrow, sideways range ...
Fri, Apr 11 2014, 2:18 PM
Mortgage rates managed to hold on to
yesterday's big improvements as markets held very steady by comparison
today. If there's a slight bias,...
Fri, Apr 11 2014, 1:58 PM
HOPE Now, founded in 2007 as an early
response to the growing threat of foreclosures, continues to negotiate loan
modifications in double-digit numb...
Thu, Apr 10 2014, 12:33 PM
Earlier this morning, there was a solid 30 minutes where it looked like stronger economic data would make things challenging for bond markets headin...
Thu, Apr 10 2014, 10:25 AM
The recent spate of agency news has been interesting to follow.
Arguably F&F should not stay under government conservatorship, but
what are the ...
Thu, Apr 10 2014, 7:51 AM
Bond markets bounced back into positive territory after yesterday's FOMC Minutes. MBS fared better than the longer-dated Treasuries (10's and 30's)...
Thu, Apr 10 2014, 2:43 PM
Mortgage rates began the day without any hint of the drama
that was to come. The first rate sheets of the day were little-changed
compared t...
Thu, Apr 10 2014, 1:26 PM
RealtyTrac reported today that an
uptick in foreclosure starts last month drove an overall increase in the nation's
foreclosure activity. There w...
Wed, Apr 9 2014, 11:50 AM
So far, the opening prices have been the worst of the day for MBS. In addition to the 12 ticks accounted for by the roll, Fannie 4.0s were another 5 ...
Wed, Apr 9 2014, 10:41 AM
Friday
we can look forward to Chase and Wells' earnings . Although their market
share has been slipping, given their collective place in the indu...
Wed, Apr 9 2014, 9:15 AM
The Mortgage Bankers Association's Market
Composite Index, a measure of mortgage application activity, inched down again during the week ended April ...
Wed, Apr 9 2014, 7:50 AM
Last night was Class A Settlement for MBS--aka " the roll ." If the roll causes any confusion (which it tends to do until it clicks for you), try thi...
Wed, Apr 9 2014, 4:18 PM
The day ends with something of a mixed message as Treasuries are still slightly weaker in 10 and 30yr maturities while 2-7yrs are stronger, along with...
Wed, Apr 9 2014, 3:28 PM
Mortgage rates began
the day higher, but many lenders are set to end in line with
yesterday's rates after this afternoon's FOMC Minutes. These...
Wed, Apr 9 2014, 1:45 PM
Although the second home mortgage market
experienced a severe decline during the housing downturn, Americans still
aspire to buy second homes and ha...
Tue, Apr 8 2014, 12:30 PM
In a recent blog post written by Molly Boesel CoreLogic
questions the true role of the recent severe weather in a lag in single family
housing sta...
Tue, Apr 8 2014, 12:16 PM
MBS traded lower during the first hour of the day but made it back into positive territory just after 9am. Treasuries have followed a similar patte...
Tue, Apr 8 2014, 10:17 AM
The Mortgage Bankers Association (MBA) noted this morning that mortgage
credit was slightly more available in March than it was in February. The Ass...
Tue, Apr 8 2014, 9:41 AM
As
the industry watches the personnel turmoil at Utah's Castle & Cooke
Mortgage, here's an interesting promotional twist: a builder's real
estat...
Tue, Apr 8 2014, 7:51 AM
Yesterday, we talked about the current week being an opportunity for bond markets to reflect on the range that's dominated most of 2014 (starting Jan ...
Tue, Apr 8 2014, 4:38 PM
There were no overly interesting headlines or economic reports in today's session to guide market movements. Instead of taking cues from data and eve...
Tue, Apr 8 2014, 3:53 PM
Mortgage rates were lower for a 4th straight day
today, further digging in to mid-March levels, but by a smaller amount
today. In that sen...
Tue, Apr 8 2014, 3:25 PM
Mortgages for multifamily properties outpaced other
commercial and multifamily mortgage originations in 2013 the Mortgage Bankers
Association (MBA...
Mon, Apr 7 2014, 12:22 PM
Black
Knight Financial Services said that mortgage originations at the end of
February were at the lowest levels in at least 14 years , as far back...
Mon, Apr 7 2014, 11:52 AM
Stock market momentum isn't the only consideration for bond markets this morning, but it's perhaps the most overt . So far, it's helped MBS and Trea...
Mon, Apr 7 2014, 11:00 AM
The Obama Administration's February
Housing Scorecard, just released, harkens back to those not so thrilling days
of yesteryear, using data from sev...
Mon, Apr 7 2014, 10:46 AM
Remember HAMP?
What happens to a sizeable portion of HAMP borrowers after their loan
resets from, say 1% to the current market? They re-default, a...
Mon, Apr 7 2014, 7:51 AM
This week marks the first major intermission for the bond markets story in 2014. The first act was intensely sideways, leading to phrases like " ser...
Mon, Apr 7 2014, 4:06 PM
Today's story isn't much more complicated than the headline. It's not uncommon to see some follow-through on Monday following NFP Friday if the latte...
Mon, Apr 7 2014, 3:19 PM
Mortgage rates fell again today,
bringing them to levels not seen since March 18th for many lenders.
While there was no significant economic d...
Mon, Apr 7 2014, 2:21 PM
The National Association of Home
Builders' (NAHB)/First American Leading Market Index (LMI) was unchanged from
March to April , remaining at 59 met...
Mon, Apr 7 2014, 1:30 PM
Fannie Mae sees results from its most recent National
Housing Survey (NHS) as possibly portending a pickup in home buying and selling
activity this ...
Fri, Apr 4 2014, 12:30 PM
Bond markets came into the session essentially unchanged after having held near the higher end of their recent range in the few days leading up to thi...
Fri, Apr 4 2014, 11:29 AM
Pricing aside, let's take a look at something odd occurring on rate sheets everywhere.
I received this note: "Rob, the difference in my rate sheet...
Fri, Apr 4 2014, 7:51 AM
Nonfarm Payrolls (NFP) is always the biggest potential market mover on any given month in terms of economic reports. FOMC Announcements, for instance...
Fri, Apr 4 2014, 4:56 PM
If you missed it for some reason--and that's entirely possible on an NFP day--there was an important dark horse market mover today, just a short while...
Fri, Apr 4 2014, 4:05 PM
Mortgage rates were significantly lower today ,
erasing a full week's worth of time spent moving higher in fits and
starts. The main event was ...
Fri, Apr 4 2014, 2:20 PM
More potential buyers are out trolling the nation's neighborhoods
for their dream homes. Unfortunately, they are finding little to look at
and, ev...
Thu, Apr 3 2014, 12:46 PM
The Consumer Financial Protection Bureau
(CFPB) was assailed by Republican members of the House Financial Services
Committee and by two witnesses fo...
Thu, Apr 3 2014, 11:56 AM
There were two options for bond markets heading into today's session. Recent weakness could have been extended, resulting in a "lead-off" taking yiel...
Thu, Apr 3 2014, 9:25 AM
There were a total of 43,000 completed foreclosure in February, CoreLogic
said today. This was 15 percent fewer
than in February 2013 when forecl...
Thu, Apr 3 2014, 9:22 AM
Jeff
O. writes, "When I saw the title 'Ellie Mae's outage' I thought that
perhaps it involved my beloved Beverly Hillbillies star. That would have...
Thu, Apr 3 2014, 7:31 AM
As we frequently discuss on NFP weeks, it's not uncommon for bond markets to drift into weaker territory in spite of contrary data or events. This sa...
Thu, Apr 3 2014, 4:05 PM
In one of today's updates for MBS live subscribers, I noted that bond markets continued to trade " as expected ." Where did those expectations come...
Thu, Apr 3 2014, 3:34 PM
Mortgage rates barely budged today,
but the little movement seen was positive on average. Keep in mind
though, that means that some lenders we...
Wed, Apr 2 2014, 12:30 PM
To be clear, bond markets are indeed in their weakest recent territory AFTER this morning's economic data, but NOT necessarily BECAUSE of it. While...
Wed, Apr 2 2014, 10:55 AM
Vacation home purchases recovered
strongly in 2013, helping to offset some of the inevitable flagging interest in
investment purchases the Nationa...
