Fri, Feb 21 2014, 12:13 PM
Bond markets opened and spent the first hour of the day in weaker territory, but began to recover even before the Existing Home Sales data. That rec...
Fri, Feb 21 2014, 10:52 AM
The fourth
quarter of 2013 was its eighth consecutive profitable quarter Fannie Mae said
today and the company posted net income for the entire year...
Fri, Feb 21 2014, 10:44 AM
Tongues are wagging
about Wells Fargo' s extending credit to borrowers with lower credit
scores (600 FICOs) and thus, on the surface, perceive hi...
Fri, Feb 21 2014, 7:45 AM
It continues to be a frustrating time for bond markets--prevented, as they are from rallying very much on strong data, but with few other reasons to s...
Fri, Feb 21 2014, 4:22 PM
Bond markets were weaker in the morning hours today as corporate rate-lock selling and other tradeflow considerations left sellers in control head...
Fri, Feb 21 2014, 2:20 PM
Mortgage rates moved slightly higher
today despite improvements in underlying markets into the afternoon.
Bond markets including MBS (the 'mort...
Thu, Feb 20 2014, 12:32 PM
About two-thirds of the homes sold
during the fourth quarter of 2013 are considered " affordable " according to the National
Association of Home B...
Thu, Feb 20 2014, 12:25 PM
In the latest edition of CoreLogic's Market Pulse the company's senior
economist Mark Fleming provides a different take on housing affordability ...
Thu, Feb 20 2014, 12:13 PM
While yields still aren't back to last week's highs, they've taken a few more steps in that direction. Today's damage was mostly done after the Phil...
Thu, Feb 20 2014, 9:57 AM
If
your lock desk was really busy last week, you're bucking the trend. The
MBA's survey of 75% of retail lenders showed that apps were off 4.1% ...
Thu, Feb 20 2014, 7:45 AM
Bond markets weakened yesterday, with most of the losses following the FOMC Minutes, though troubles mounted in mid-morning hours. That said, trading...
Thu, Feb 20 2014, 4:27 PM
Despite a solid day of volume and fairly noticeable mid-day bout of weakness, not much truly "happened" for bond markets today. There was plenty of r...
Thu, Feb 20 2014, 2:47 PM
Mortgage rates continued higher
today after it became clear that markets were discounting weak economic
data due to weather. In that sense, mor...
Thu, Feb 20 2014, 2:13 PM
Both mortgage delinquency rates and the foreclosure
inventory rate hit their lowest points in five years at the end of the fourth
quarter of 2013....
Wed, Feb 19 2014, 12:19 PM
Treasuries and MBS are both near their weakest levels of the day, but remain in slightly better shape than yesterday's latest levels. The strongest...
Wed, Feb 19 2014, 10:47 AM
Numbers for both housing permits and
housing starts were much lower in January than in December while housing completions
were up. The Northeast ...
Wed, Feb 19 2014, 9:53 AM
"A
statistician is someone who tells you, when you've got your head in the
fridge and your feet in the oven, that you're - on average - very
com...
Wed, Feb 19 2014, 8:31 AM
Interest rates increased definitively
last week and mortgage application volumes fell according to data released
today by the Mortgage Bankers Assoc...
Wed, Feb 19 2014, 7:00 AM
Whither MBS go increasingly depends on whether data withers from winter weather. I'm so sorry about that sentence. In more modern words, the more th...
Wed, Feb 19 2014, 5:22 PM
Mortgage rates began the day moderately lower compared to yesterday's latest levels, but the improvements didn't last .
Bond markets including M...
Wed, Feb 19 2014, 5:08 PM
The insidious thing about today's market movement--at least from the standpoint of MBS devotees--is that we began in moderately stronger territory and...
Wed, Feb 19 2014, 3:33 PM
Sales of existing homes in California
were essentially flat in January the California Association of Realtors®
(C.A.R.) said on Wednesday. While
...
Wed, Feb 19 2014, 3:19 PM
Mortgage Bankers Association (MBA) President David H. Stevens
congratulated mortgage servicers attending MBA's National Mortgage Servicing
Conferenc...
Tue, Feb 18 2014, 12:01 PM
Treasuries were slightly stronger in the overnight session with 10yr yields falling just over a bp. They've moved another 2-3bps lower as the morning...
Tue, Feb 18 2014, 10:52 AM
BuildFax said that residential
remodeling increased by 1 percent from November to December and was up 9
percent from a year earlier. Permits for
...
Tue, Feb 18 2014, 10:50 AM
The National Association of Homebuilders (NAHB)
provided a number of explanations for a record drop in the NAHB/Wells Fargo
Housing Market Index (...
Tue, Feb 18 2014, 10:46 AM
"Any
idea how much Realtors make?" I don't know, and asking someone their
income isn't always the wisest of moves, especially on a first date. But...
Tue, Feb 18 2014, 7:00 AM
Bond markets begin the holiday-shortened still waiting for a reason to do anything but merely continue in the same mildly negative trend. Said tren...
Tue, Feb 18 2014, 4:30 PM
MBS weren't quite able to keep up with the Snowball rally in Treasuries today, but the gap lessened into the afternoon. Chalk this up to an abundance...
Tue, Feb 18 2014, 3:49 PM
Mortgage rates were lower in some cases today,
though some lenders merely held steady compared to Friday's latest
levels. Mortgage-Backed-Sec...
Tue, Feb 18 2014, 2:49 PM
Using
an Olympic theme of " Will Housing Take Gold ", Freddie Mac's economists said
today that, while they had expected housing 'to come out of the ...
Tue, Feb 18 2014, 1:20 PM
Freddie Mac has joined Fannie Mae in
offering limited time and location inducements to move sales on its owned real
estate (REO). The company today...
Mon, Feb 17 2014, 6:10 PM
Underwriters
will soon be entering that netherworld where they want 2013 tax
returns , but borrowers just don't have them yet. With that in mind,...
Fri, Feb 14 2014, 12:13 PM
With and without this morning's economic data, bond markets have erred on the side of weakness so far today. The only report significantly out of lin...
Fri, Feb 14 2014, 10:34 AM
"Melissa
Burch, a real estate closing agent at a Fort Lauderdale title company,
pocketed more than $1 million from her employer's escrow account...
Fri, Feb 14 2014, 7:00 AM
After today's heavy snowfall in New York turned to rain this afternoon, it's now turning back into snow in the wee hours, scheduled to deposit another...
Fri, Feb 14 2014, 6:46 PM
Bond markets limped across the finish line near the lowest levels of the week. As expected, there was no major drama and the only real unpleasantne...
Fri, Feb 14 2014, 4:09 PM
Mortgage rates moved higher today,
erasing yesterday's improvements and carrying them to their highest
levels since late January on average. Fo...
Fri, Feb 14 2014, 1:23 PM
Here's a special Valentine's Day installment of Do's and Don'ts for prospective buyers or refinancing homeowners embarking on, or already engaged in...
Thu, Feb 13 2014, 11:56 AM
Bond markets were reasonably stronger overnight, mostly by way of consolidating the past three days of weakness. Weaker economic data (Retail Sales a...
Thu, Feb 13 2014, 10:56 AM
Foreclosure activity increased in
January with filings up 8 percent from December on a nationwide basis. RealtyTrac reported today there was a tot...
Thu, Feb 13 2014, 10:26 AM
The January spurt in applications for
new home purchases does not surprise Mike Fratantoni, chief economists for the
Mortgage Bankers Association....
Thu, Feb 13 2014, 10:23 AM
"Rob,
my cousin asked me if there were any consumer groups that focused on
homeowners. Do you know of any?" The one that jumps to mind is the Amer...
Thu, Feb 13 2014, 7:00 AM
Today's combination of events is seen from time to time on the Thursday of slower weeks. One component is the first major appearance of economic data...
Thu, Feb 13 2014, 4:20 PM
On a scale of 1-10, with 10 being the best case scenario for bond markets, today was 6 . It probably stood very little chance to be much more than a...
Thu, Feb 13 2014, 3:37 PM
Mortgage rates fell moderately following
this morning's weaker-than-expected report on Retail Sales. There were
several other considerations th...
Thu, Feb 13 2014, 1:48 PM
Starting tomorrow Fannie Mae will offer some homebuyers
a special incentive to purchase through its HomePath program which the company
uses to mar...
Wed, Feb 12 2014, 12:21 PM
This morning's first update on MBS Live noted that despite overnight press crediting China for prompting bond market weakness, it was in fact European...
Wed, Feb 12 2014, 10:20 AM
Atlanta
has too much snow and slush, and is staying home. California, however,
is in the midst of a terrible drought - and it is only February. Th...
Wed, Feb 12 2014, 9:10 AM
Mortgage
application volume continued to drift during the week ended February 7. The Mortgage Bankers Association (MBA) said
that its Market Compos...
