Wed, Jun 26 2013, 7:49 AM
The shape of the charts yesterday is a dead giveaway on the extent to which markets continue to be hung up about the " QE on/off" trade .
While the...
Wed, Jun 26 2013, 5:07 PM
Mortgage rates added a second day of improvement to yesterday's more tentative gains, falling just slightly faster than any other day this month.
...
Wed, Jun 26 2013, 4:49 PM
The last day MBS put in a 20 tick gain was Thursday June 6th, just
before NFP Friday. It would be excellent if we could conclude that
today meant...
Tue, Jun 25 2013, 12:43 PM
The Consumer Financial Protection
Bureau ( CFPB ) has issued another set of proposed clarifications and
revisions to the mortgage rules it release...
Tue, Jun 25 2013, 11:51 AM
Lender Processing Services (LPS)
published a "first look" at month-end mortgage performance
statistics for May which continue to show substantial ...
Tue, Jun 25 2013, 11:29 AM
MBS Live : MBS Morning Market Summary
The trading session has actually been one of the more straightforward we've seen in the past month ...
Tue, Jun 25 2013, 11:28 AM
Home prices for April as reflected in
the Federal Housing Finance Agency's (FHFA) Home Price Index (HPI)
rose 0.7 percent on a seasonally adjusted ...
Tue, Jun 25 2013, 11:16 AM
Newly constructed home sales rose 2.1
percent in May to a seasonally adjusted annual rate of 476,000 units.
The U.S. Census Bureau and the Depa...
Tue, Jun 25 2013, 10:38 AM
Home prices rose faster from March to
April than they ever have in the history of the Case Shiller Indices
the S&P/Case-Shiller announced today. ...
Tue, Jun 25 2013, 8:13 AM
Economic data shows up today, and there's reason to believe that it won't be as relevant
as it otherwise might be. Chief among these reasons is t...
Tue, Jun 25 2013, 8:04 PM
From May 1st lows through yesterday's highs, the yield on the 10-Year
Note has risen from 1.614% to 2.667% and at the same time, the 3.5% MBS coup...
Tue, Jun 25 2013, 5:29 PM
Mortgage rates actually improved in
many cases today though we'd note that lender pricing strategies and
day over day price movements are about...
Tue, Jun 25 2013, 5:16 PM
For a day where 10yr Treasuries are heading out the door more than 6bps
higher than the previous day (and at the highest closing yields in
nearly ...
Tue, Jun 25 2013, 4:16 PM
Lorraine Brown, the former CEO of
Lender Processing Services (LPS) subsidiary DocX, LLC and an alleged
key player in what came to be known as the ...
Tue, Jun 25 2013, 3:56 PM
Both the MBA and FHFA have published responses to the bill introduced by a bipartisan
group of senators led by Bob Corker (R-TN) and Mark Warner (D-V...
Tue, Jun 25 2013, 3:12 PM
The
Mortgage Bankers Association (MBA) and AllRegs have released a new
index that is designed to capture how the availability of mortgage
credit...
Tue, Jun 25 2013, 1:48 PM
Reuters is reporting that a bill will
be introduced today to abolish the two government sponsored
enterprises (GSEs) Freddie Mac and Fannie Mae ...
Mon, Jun 24 2013, 11:34 AM
MBS Live: SPECIAL ALERT
We began the trading session today in MBS with liquidity conditions possibly WORSE than they were on May 27th, 2009--ak...
Mon, Jun 24 2013, 11:26 AM
Home prices
continue to make substantial gains in most areas of the country with some areas
in California seeing an increase of as much as 3 perc...
Mon, Jun 24 2013, 6:22 AM
Those whose pulses and pocketbooks are somewhat tied to bond
markets have enjoyed an era of unprecedented yields, both in terms of
outright leve...
Mon, Jun 24 2013, 5:16 PM
Mortgage rates finally lost less ground than
they have over the past few business days. The problem is that this
still left room for rates to ...
Mon, Jun 24 2013, 5:13 PM
Bond markets were awakened just before the domestic session, not by a
bucket of cold water, but more like some evil crucible of lava and
ill-tempe...
Mon, Jun 24 2013, 3:21 PM
The
California Association of Realtors® (C.A.R.) reports that May sales
of bank-owned properties (REO) were at the lowest level since October
2007...
Mon, Jun 24 2013, 3:02 PM
Despite some hurdles foreign buyers
continue to purchase properties in the U.S., accounting for six
percent of existing home sales. The National As...
Mon, Jun 24 2013, 1:17 PM
The National Association of Realtors, America's largest trade organization and a group that you'd want on your side, said that Congress should consid...
Sat, Jun 22 2013, 10:08 AM
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 21 2013, 11:30 AM
Bond markets are in a bad way... One constant theme we're hearing from traders has been the liquidity problems.
That means that bets are all over ...
Fri, Jun 21 2013, 8:29 AM
Not that economic data was our enemy on Thursday (more to do with
follow through from Wednesday), but today we have no data, and a day
behind us w...
Fri, Jun 21 2013, 5:49 PM
Mortgage rates have had a far worse week than than you've been told anywhere else, and today was even more freakishly destructive
than the prev...
Fri, Jun 21 2013, 5:28 PM
For those of us whose lives are intertwined by mortgage markets, these
are dark times. The 3-day sell-off just seen in MBS (or Treasuries for
tha...
Fri, Jun 21 2013, 1:57 PM
Welcome to the day with the misnomer, "The longest day of the year."
Every day has about 24 hours - this one, in the northern hemisphere,
happens ...
Fri, Jun 21 2013, 1:36 PM
Modifications
under the HOPE NOW alliance declined significantly in April, due
entirely to a decline in the number of proprietary transactions. ...
Thu, Jun 20 2013, 12:50 PM
Please note the timestamp of the pricing snapshot below. The Mid-Day
commentary will occasionally be delayed when prices are volatile in the
11am...
Thu, Jun 20 2013, 12:03 PM
Sales of existing homes rose again in
May and prices posted the biggest annual gain in eight years the
National Association of Realtors®
(NAR) s...
Thu, Jun 20 2013, 11:19 AM
The Mortgage Bankers
Association released the fourth of five planned concept papers
which recommend immediate steps the Federal
Housing Finance ...
Thu, Jun 20 2013, 10:32 AM
Builders and suppliers are noting
significant shortages of certain home building materials even though
new home and other construction is describe...
Thu, Jun 20 2013, 7:08 AM
It will be hard for today not to have something of an anticlimactic
feel after seeing another nail driven into the QE coffin that magically
appe...
Thu, Jun 20 2013, 6:30 PM
Mortgage rates
are reprising past trauma, now matching the scope of the late 2010
sell-off, with the past two days matching the scope of Black We...
Thu, Jun 20 2013, 5:46 PM
Tough day for the modern era of ultra-low rates in ultra-compressed
ranges. It feels like a long time until July 5th NFP and even longer
until Se...
Wed, Jun 19 2013, 12:45 PM
Housing
and Urban Development Secretary Shaun Donovan and four state
attorney's general, John Suthers (Colorado), Pam Bondi (Florida), Tom
Miller (...
Wed, Jun 19 2013, 12:11 AM
By the end of this long MBS Commentary post, you'll see that all the MBS/Treasury trauma in May was already laid out by Bernanke on
March 20th . ...
Wed, Jun 19 2013, 11:48 AM
The Monitor of the National Mortgage Settlement submitted separate
reports today to the U.S. District Court for the District of Columbia
detailing...
Wed, Jun 19 2013, 11:46 PM
The report below was automatically generated at 4:09pm Eastern time. I didn't send it out at that time due to THIS POST
appearing shortly before ...
Wed, Jun 19 2013, 11:34 PM
Mortgage rates have seen better days . If the past 2 months of calamitous volatility and almost daily cost hikes weren't enough, today brings the C...
Wed, Jun 19 2013, 10:54 AM
Here in Colorado, all eyes are on the 500+ houses destroyed by the recent fires. FEMA
is also watching, as it is the damage caused by flooding in ...
Wed, Jun 19 2013, 9:22 PM
Even
as real estate agents in many parts of the country are decrying the
lack of available homes to sell, RealtyTrac, the California company
that ...
Wed, Jun 19 2013, 8:58 AM
The
rebound in mortgage application volume reported by the Mortgage
Banker's Association (MBA) last week was short lived as both
refinancing an...
Wed, Jun 19 2013, 3:45 PM
On June 5th, before the most recent ADP report, and with an eye toward NFP on the
upcoming Friday, I laid out the reasons that we should not expect ...
Wed, Jun 19 2013, 3:02 PM
Refinancing and
purchases held their respective market shares for closed loans in May
at 58 percent and 42 percent respectively according to Ellie ...
Wed, Jun 19 2013, 2:05 PM
Information received since the Federal Open Market Committee met in March May suggests that economic activity has been expanding at a moderate pace...
