Fri, Aug 9 2013, 4:51 PM
Here's another weekly installment of Do's and Don't's for
prospective borrowers embarking on, or already engaged in the home mortgage
process. ...
Fri, Aug 9 2013, 3:21 PM
Mortgage rates moved lower for a third straight day ,
ending the week at their best levels. Rates are currently just shy of
July 23rd lows. W...
Fri, Aug 9 2013, 3:09 PM
The
Office of Inspector General (OIG) of the Federal Housing Finance
Agency (FHFA) has published an assessment of the Home Affordable
Refinance Pr...
Fri, Aug 9 2013, 1:00 PM
When
municipalities like San Bernardino County, California, Chicago,
Brockton, Massachusetts, and Richmond California first proposed using
their po...
Thu, Aug 8 2013, 12:53 PM
Bond markets were initially stronger in the overnight session. Then
they were weaker. Then they were stronger again. The net effect is
that a l...
Thu, Aug 8 2013, 10:46 AM
Republican members of the House Financial Services Committee
claimed leadership in the area of housing finance reform in the wake
of President Oba...
Thu, Aug 8 2013, 10:42 AM
Fannie
Mae reported this morning that it posted its sixth consecutive
quarterly profit in the second quarter of 2013 and will pay taxpayers
a $10....
Thu, Aug 8 2013, 9:56 AM
Watching loan officer ads is a full-time job. The Mortgage Bankers
Association of the Carolinas wrote up this compliance tidbit: "Are lenders requi...
Thu, Aug 8 2013, 7:44 AM
There are fewer and fewer ways to express that the broader themes in
bond markets are in place and that this week not only looked like an
opportun...
Thu, Aug 8 2013, 5:58 PM
The 9 th District U.S. Court
of Appeals in San Francisco may have opened the door for a rash of
lawsuits by homeowners who were not offered the p...
Thu, Aug 8 2013, 5:34 PM
Mortgage rates moved lower again today, hitting their best levels since July 23rd. That achievement is mostly a factor of what has been an extremely ...
Thu, Aug 8 2013, 4:47 PM
Today's 30yr Bond Auction managed to create a few small spikes higher and lower in rates this afternoon before
the long end of the yield curve settl...
Thu, Aug 8 2013, 1:32 PM
Distressed
loans fell to the lowest level in five years during the second
quarter the Mortgage Bankers Association (MBA) said today. Both
delinq...
Wed, Aug 7 2013, 12:47 PM
There is little to be observed about this morning's trading that hasn't
already been seen in the first two days of the week. 10yr yields and
MBS ...
Wed, Aug 7 2013, 12:04 PM
Freddie
Mac has again reported strong quarterly financial results with net
income in the second quarter of 2013 coming in at $5.0 billion, $0.6
bi...
Wed, Aug 7 2013, 11:31 AM
Consumers appear to take for granted
that mortgage interest rates are going to rise. Only 5 percent of
respondents to the July National Housing ...
Wed, Aug 7 2013, 10:54 AM
President
Barack Obama, speaking to an audience in Phoenix yesterday, tied his
proposal reforming the U.S. housing system to both his on-going theme...
Wed, Aug 7 2013, 10:15 AM
Reverse mortgages are alive and kind of well. HUD and Congress want
them to be weller. Before it took off for a month of R&R, Congress
authorized ...
Wed, Aug 7 2013, 8:49 AM
The
summer doldrums prevailed during the week ended August 6 with
mortgage activity barely stirring compared to the previous week and
interest rate...
Wed, Aug 7 2013, 7:43 AM
Yesterday's Trade Deficit numbers played something of a similar role to
Monday's ISM data in that they stood as a traditionally important piece
of...
Wed, Aug 7 2013, 5:38 PM
The week continues to be every bit as riveting as expected, which is to
say it's not-at-all riveting. At least today's version of
inconsequential...
Wed, Aug 7 2013, 4:48 PM
Mortgage rates moved slightly lower today, taking them to their best levels since last Tuesday. Rate movements have generally been very small over th...
Wed, Aug 7 2013, 4:20 PM
Freddie Mac fired a warning shot in the
direction of the City of Richmond California today, threatening to
sue if the city moves forward with its ...
Tue, Aug 6 2013, 12:33 PM
In the context of Friday's movement, today is just another day spent
drifting sideways in the post-payrolls range. But if we look just at
yesterd...
Tue, Aug 6 2013, 10:11 AM
"What is the difference between ' Secondary Marketing ' and ' Capital Markets '?
I keep hearing the two terms used interchangeably. Is the Secondary...
Tue, Aug 6 2013, 9:33 AM
President Barack Obama will spotlight
his vision for the future of the U.S. Housing system in a speech this
afternoon in Phoenix. While few detai...
Tue, Aug 6 2013, 7:13 AM
Limited economic data is the theme of the whole week and if not for the
Treasury auction cycle, bond markets would scarcely have a reason to
show ...
Tue, Aug 6 2013, 5:24 PM
There was a time (and may be again) where markets cared about the
International Trade report. Economic Calendars of various shapes and
sizes rout...
Tue, Aug 6 2013, 4:35 PM
Mortgage rates were flat again today, making
this the 7th day out of the past 9 with almost no movement. This week,
the lack of movement is e...
Tue, Aug 6 2013, 4:34 PM
Bank of American (BOA) was charged
along with two of its subsidiaries on Tuesday with defrauding
investors who bought residential mortgage-backed s...
Tue, Aug 6 2013, 2:18 PM
Mortgage delinquency data released by
TransUnion today show that mortgage delinquencies are plummeting nationally. The rate of borrowers 60
days ...
Tue, Aug 6 2013, 2:09 PM
The list of 'Improving Markets"
compiled by the National Association of Home Builders (NAHB) and
First American Title declined by eight in August t...
Tue, Aug 6 2013, 1:38 PM
Housing prices increased by what the
Chief Economist for CoreLogic called " a remarkable 10 percent "
in the first six months of 2013, the company...
Mon, Aug 5 2013, 11:02 AM
The
headline news from the Lender Processing Services (LPS) Mortgage
Monitor Report for June, that
early mortgage delinquencies had surged 10 pe...
Mon, Aug 5 2013, 9:33 AM
"What do you hear about Bernanke's replacement?" First off, most of
the "news" articles are merely editorials - don't expect anything before
Septe...
Mon, Aug 5 2013, 7:37 AM
The last three days of last week provided only a glimpse of the
volatility surrounding the Fed's tapering timeline. Interestingly
enough, Reuters...
Mon, Aug 5 2013, 5:43 PM
Bond markets previously wrestled with the idea of settling down for the
summer--something they haven't really been able to do since 2008--but
foun...
Mon, Aug 5 2013, 4:33 PM
Mortgage rates were essentially unchanged today. Whereas
rates where sharply lower on Friday (after being sharply higher on
Wednesday mornin...
Mon, Aug 5 2013, 3:11 PM
Is the recent change in long-term
Treasury yields the result of investors optimism about higher
short-term rates down the road, or are they demandin...
Mon, Aug 5 2013, 2:49 PM
The
Mortgage Bankers Association's new Mortgage Credit Availability Index
(MCAI) increased in June to 112.3 from 108.9 in May, an increase of
2...
Mon, Aug 5 2013, 1:36 PM
On the approach, the current week looked as if it would have precious
little to offer by way of suggesting the next--if any--shift in the
bigger p...
Fri, Aug 2 2013, 11:52 AM
Bond markets had been waiting on the past three days of data to better
assess Bernanke's potential affection in the coming months as the
tapering ...
Fri, Aug 2 2013, 11:14 AM
Happy Friday, August 2 nd . The U.S. Department of Housing
and Urban Development (HUD) notified everyone that its offices are
closed today due to ...
Fri, Aug 2 2013, 7:16 AM
Bond market momentum is increasingly dictated by horse races between September and December
timelines for the announcement that the Fed's asset ...
Fri, Aug 2 2013, 5:55 PM
In the same way that Doc Holiday said "that is a hell of a thing for
you to say to me" in the Movie Tombstone, it's a hell of a thing for me
to sa...
Fri, Aug 2 2013, 5:35 PM
The
number of companies holding licenses to lend, originate, or service
mortgage loans declined slightly in the first quarter of 2013 from
one ye...
Fri, Aug 2 2013, 4:11 PM
Mortgage rates fell sharply today, matching
the pace of yesterday's abrupt move higher. By the end of the day most
lenders were close to thei...
Thu, Aug 1 2013, 12:35 PM
Everywhere we look this morning, there's another reason for bond markets
to be heading back into weaker territory after yesterday afternoon's
rela...
Thu, Aug 1 2013, 10:57 AM
Home prices increased during the first
quarter of 2013 by 10.2 percent, the first double-digit quarterly
increase since the "bubble" peaked seven ye...
Thu, Aug 1 2013, 10:07 PM
Nearly a month ago, the three day time frame at the end of this week
stood out as vastly important to bond markets due to the level of
information...
