Mon, Jul 8 2013, 7:27 AM
After Friday's wild ride , the first two days back this week contain precious little by way of data and events to inform the trade. Considering Wedn...
Mon, Jul 8 2013, 5:21 PM
Mortgage rates
recovered roughly one third of the ground lost on Friday, though this
varies from lender to lender. For the sake of perspective,...
Mon, Jul 8 2013, 5:04 PM
On a trading day with no meaningful data or events, bond markets went
calmly about their business--picked up at least half the pieces from
Friday'...
Mon, Jul 8 2013, 2:34 PM
The
Consumer Financial Protection Bureau's (CFPB's) Dodd-Frank
Mortgage Rules Readiness Guide is now available
to assist lending institutions e...
Mon, Jul 8 2013, 1:41 PM
Americans participating in Fannie Mae's
National Housing Survey were apparently not caught unawares by the
recent spike in mortgage interest rates...
Mon, Jul 8 2013, 1:16 PM
The number of metropolitan areas listed
as "improving" by the National Association of Home Builders
(NAHB) and First American Title fell slightly i...
Mon, Jul 8 2013, 1:01 PM
Mortgage delinquencies in May posted
the largest year-to-date drop seen since 2002 Lender Processing
Services (LPS) said today. Delinquencies wer...
Fri, Jul 5 2013, 12:57 PM
On this half-staffed Friday, let's take a look at what is the CFPB is up to. Quite a bit, but one can start by digesting the 171 pages currently out...
Fri, Jul 5 2013, 12:08 PM
Fannie 3.5s ended Wednesday's session at the exact same 100-31 price
that Fannie 4.5s ended the session before Black Wednesday in 2009.
Consideri...
Fri, Jul 5 2013, 8:44 AM
Bond markets had already been on the ropes during the overnight
session with 10yr Treasuries rising as high as 2.58 before the domestic
open. Som...
Fri, Jul 5 2013, 7:06 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, Jul 5 2013, 5:23 PM
Historical data has its limitations when it comes to mortgage rates .
For instance, the longest-running series are only updated once a week,
m...
Fri, Jul 5 2013, 4:34 PM
As noted previously, trading was basically wrapped up very early in the
day as most participants didn't want to be here any longer than
necessary....
Wed, Jul 3 2013, 10:58 AM
The Consumer
Financial Protection Bureau ( CFPB ) has issued a list of counties
determined to have been "rural" or "underserved" during 2012.
Th...
Wed, Jul 3 2013, 10:01 AM
Okay, this week is dragging, many folks are off anyway, locks are bumping along the bottom, so I am going to switch things up a little, and put the jo...
Wed, Jul 3 2013, 9:08 AM
The
numbers of mortgage applications fell again during the week ended
June 28, the third consecutive week they have done so. The Mortgage
Banker...
Wed, Jul 3 2013, 8:11 AM
Yesterday's commentary noted that bond markets were likely to be
'bowling with the bumpers' for one more day--or at least held it out as a
possibi...
Wed, Jul 3 2013, 3:01 PM
Mortgage rates moved higher today ,
and more convincingly compared to yesterday's moderate weakness.
Despite the fact that this move is still i...
Wed, Jul 3 2013, 1:01 PM
Expectations for light liquidity on this holiday-shortened trading day
were well-founded, as movements between highs and lows were coming
quickly ...
Tue, Jul 2 2013, 11:25 AM
The Mortgage Bankers Association of the Carolinas received this question: "Can we close a loan if we discover that the borrower did not sign his/her l...
Tue, Jul 2 2013, 10:37 AM
There is a remarkable
degree of agreement among prevalent purveyors of Home Price Indices that prices this spring have risen higher and faster
tha...
Tue, Jul 2 2013, 10:27 AM
The Census Bureau reported this week
that there were approximately 31,600 privately financed,
non-subsidized rental apartment units completed in t...
Tue, Jul 2 2013, 7:52 AM
After a docile session on Monday, Tuesday offers up even less by way
of economic data though might make up for some of the calendar
shortcomings w...
Tue, Jul 2 2013, 5:45 PM
Nothing happened today. It might not look
that way based on the charts considering that yesterday saw a decent
rally while today sold off a bit, ...
Tue, Jul 2 2013, 4:42 PM
Mortgage rates leveled off today ,
with most lenders roughly in line with yesterday's offerings while
others were slightly higher in cost. Thes...
Tue, Jul 2 2013, 3:14 PM
Two insurance industry trade groups,
the American Insurance Association and the National Association
of Mutual Insurance Companies, whose members se...
Tue, Jul 2 2013, 1:41 PM
Note the timestamp in the pricing snapshot below. Only a few
minutes after that, MBS and Treasuries sold off fairly quickly but
fairly moderately...
Mon, Jul 1 2013, 9:25 AM
Bond markets are closing early on Wednesday, and we all have a day off Thursday ( read more... ).
Thursday is the 4th of July. Everyone living in th...
Mon, Jul 1 2013, 7:42 AM
The running consensus on when we'd see the first actual reduction in
Fed asset purchases--provided economic conditions don't change change
enough ...
Mon, Jul 1 2013, 5:15 PM
Fannie Mae has agreed to take $968
million as compensation from Citigroup (Citi) for a large group of
mortgages the bank was accused of misrepre...
Mon, Jul 1 2013, 5:11 PM
In the context of the past few weeks and months, something feels wrong
about today. Nothing is actually wrong (or actually "anything"
considering...
Mon, Jul 1 2013, 3:58 PM
Mortgage rates continued lower today ,
extending a recovery from recent 2-yr highs that peaked last Monday.
Lenders got on board with said reco...
Mon, Jul 1 2013, 2:58 PM
The Joint Center for
Housing Studies released its annual State of the Nation's Housing
report last week. Key points indicate a housing recovery tha...
Fri, Jun 28 2013, 12:56 PM
Huh? This is the last business day of the first half of 2013? Where
does time go? And there will be plenty of folks on vacation next week,
with it...
Fri, Jun 28 2013, 12:29 PM
The turning of the corner noted in the last alert quickly turned in to a
revisit to the highs of the day. Fannie 3.5s hit 101-15 and are
currentl...
Fri, Jun 28 2013, 7:42 AM
If market participants were into trading cards, the flavor of the month
would certainly be "cue cards." These are the things you need when
you're...
Fri, Jun 28 2013, 5:29 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, Jun 28 2013, 5:16 PM
Given all the volatility of the past 2 months--and especially the past 2
weeks--today's movements in MBS and Treasuries were relatively tame by
co...
Fri, Jun 28 2013, 5:07 PM
After surging lower yesterday, mortgage rates managed to hold on to most of those improvements, ending a week that stands as a welcome push back again...
Thu, Jun 27 2013, 12:55 PM
Coming in to today, markets were curious to see how Pending Home Sales
data would inform the discussion about an overheated housing market.
The n...
Thu, Jun 27 2013, 11:09 AM
The
National Association of Realtors® (NAR) said today that rising
interest rates may finally be forcing many hesitant buyers into the
market. ...
Thu, Jun 27 2013, 10:46 AM
After five years of tough sledding, the
Las Vegas real estate market may be turning around . DataQuick
reports that home sales in the city - which...
Thu, Jun 27 2013, 10:43 AM
The MBA reported that independent mortgage banks saw their profit per loan take a tumble during the first quarter, down about $500 per loan
...
Thu, Jun 27 2013, 9:34 PM
Even though the most common weekly rate survey was out today showing a
significant increase in rates, it was merely catching up to the move we
alr...
Thu, Jun 27 2013, 7:46 AM
If you were to say "QE cues" quickly out loud, it might sound like " kewy kews ." Acronyms and abbreviations
abound in the realm of market-watchi...
Thu, Jun 27 2013, 5:16 PM
At several points in the day, the improvements upon the already higher
opening levels seemed at risk of reversing--especially into the 11am and
2p...
Wed, Jun 26 2013, 12:56 PM
Please note the timestamp on the pricing snapshot below. Since then,
prices fell a bit more and we sent out one additional reprice alert to MBS Li...
Wed, Jun 26 2013, 10:34 AM
Freddie Mac's Total Mortgage Portfolio
decreased from an unpaid principle balance (UPB) of $1.949 trillion
at the end of April to $1.944 trillio...
Wed, Jun 26 2013, 9:47 AM
"May a lender decline a mortgage applicant because the applicant
became involved in a lawsuit subsequent to his or her initial loan
application?" ...
Wed, Jun 26 2013, 8:34 AM
The
Mortgage Bankers Association (MBA) said rising interest rates caused
mortgage application activity to fall for the second straight time
week ...
