Wed, Feb 12 2014, 7:00 AM
Wednesday could be somewhat interesting for bond markets. At the moment, we'll have to focus exclusively on Treasuries as MBS rolled last night, th...
Wed, Feb 12 2014, 4:23 PM
Today's calendar of economic events was empty . There wasn't even much by way of potential market movers to evaluate. Instead, bond markets were le...
Wed, Feb 12 2014, 3:35 PM
Mortgage rates moved higher at
their fastest pace in more than a month today, confirming yesterday's
shift in momentum. While this isn't an out...
Wed, Feb 12 2014, 3:18 PM
For the first time in six years the mortgage
delinquency rate has dropped below 4 percent TransUnion said on Wednesday. Nationally, 3.85 percent of...
Wed, Feb 12 2014, 2:40 PM
What passes as a measure of home affordability in
California may stagger some who live in other parts of the country and only about
a third of the...
Tue, Feb 11 2014, 12:21 PM
If there was any doubt as to the market-moving potential of today's Congressional testimony from Janet Yellen, it was quickly cleared up this morning....
Tue, Feb 11 2014, 10:52 AM
Home
price movement was mixed across metropolitan areas (MSAs) in the fourth quarter
of 2013 the National Association of Realtors® (NAR) said today....
Tue, Feb 11 2014, 10:46 AM
Hey,
who wouldn't want to have some steel-cut oatmeal with FHA Commissioner
Carol Galante? Ride a ski lift with HUD Secretary Donovan? Argue over ...
Tue, Feb 11 2014, 10:29 AM
Fannie Mae said today that an
improvement in American's attitudes about the ease of getting a mortgage may
offset a declining perception about home ...
Tue, Feb 11 2014, 9:50 AM
There are competing forces at work in
the mortgage market the Mortgage Bankers Association (MBA said today. First, lenders are still adjusting to th...
Tue, Feb 11 2014, 7:00 AM
Bond markets are on the verge of disavowing their allegiance to higher prices and lower yields that has, thus far, characterized most of the new year....
Tue, Feb 11 2014, 4:59 PM
Mortgage rates were higher today following
new Fed Chair Yellen's first scheduled testimony before the House
Financial Services Committee. Most...
Tue, Feb 11 2014, 4:53 PM
After Friday's initial NFP-inspired volatility, bond markets had settled into a very narrow sideways range in anticipation of the next big piece of gu...
Mon, Feb 10 2014, 12:03 PM
The Obama Administration's January Housing
Scorecard, issued jointly by the Departments of Treasury and Housing and Urban
Development (HUD) notes th...
Mon, Feb 10 2014, 11:59 AM
After an uneventful overnight session, MBS and Treasuries both began the day in moderately stronger territory, but only when compared to Friday's late...
Mon, Feb 10 2014, 10:36 AM
Things can be
misleading out there, and occasionally non-depository mortgage bankers
wonder about becoming licensed in other states. The best sour...
Mon, Feb 10 2014, 7:00 AM
Friday's Employment Situation was weaker than expected, but failed to provide a clear confirmation for last month's numbers (which were weaker still)....
Mon, Feb 10 2014, 4:58 PM
Today is good one to speak about MBS and Treasuries separately, as they made fairly dissimilar moves. On the Treasury front (which speaks more to t...
Mon, Feb 10 2014, 3:48 PM
Mortgage rates improved just slightly today, building moderately on Friday's strength following the weaker jobs report.
That having been said, th...
Mon, Feb 10 2014, 1:34 PM
The Home Affordable Refinance Program (HARP)
has scored a significant milestone according to the Federal Housing Finance
Agency, hitting the 3 milli...
Fri, Feb 7 2014, 12:21 PM
Two
Federal Reserve System economists have looked at the recent quantitative easing
programs of the Federal Reserve to determine whether a central...
Fri, Feb 7 2014, 11:54 AM
Nearly half of the homeowners who could refinance
their homes have not done so despite the prolonged availability of record low
mortgage interest ra...
Fri, Feb 7 2014, 11:44 AM
This morning's Employment Situation data was much weaker than expected. Even if we give the weather some credit for throwing the numbers off--which i...
Fri, Feb 7 2014, 10:54 AM
"If
you want to go fast, go alone. If you want to go far, go together."
This African proverb could apply to bicycle racing, but more importantly
...
Fri, Feb 7 2014, 7:00 AM
Another first Friday of the month, and another NFP has the chance to send bond markets in either direction. It seems like NFP (so named for the repor...
Fri, Feb 7 2014, 3:10 PM
Mortgage rates were finally lower
today, but the drop was modest given that it was the product of a weak
jobs report--typically a bigger marke...
Fri, Feb 7 2014, 1:18 PM
The
Consumer Financial Protection Bureau (CFPB) has announced it will take the
initial step to improve data collected under the Home Mortgage Disc...
Thu, Feb 6 2014, 11:52 AM
If bond markets were left to their own devices today, we may well be seeing a bit of resilience --a modest tempering of the past two days of weakness...
Thu, Feb 6 2014, 11:38 AM
FHFA's Office of Inspector General recently
completed an evaluation of how well FHFA is overseeing the GSEs' use of
appraisal data before they buy...
Thu, Feb 6 2014, 10:55 AM
In the legal arena, the industry took note this week that JPMorgan Chase & Co. reached a settlement
with the United States Attorney's Office for the...
Thu, Feb 6 2014, 7:00 AM
Momentum has been great for rates/bond markets almost exclusively in 2014 until the past two sessions. If today's session errs on the weak side again...
Thu, Feb 6 2014, 5:19 PM
On a negative note, bond markets began the day in slightly weaker territory and lost a bit more ground out of the gate. This wasn't so much a factor ...
Thu, Feb 6 2014, 3:39 PM
Mortgage rates were higher for a third straight day ,
substantially weakening a recent run to the lowest levels in nearly 3
months that ended...
Thu, Feb 6 2014, 1:04 PM
"Housing markets across the nation
are continuing their slow and steady climb back to normal levels," National
Association of Home Builders (NAHB)...
Wed, Feb 5 2014, 12:47 PM
It's important to note that a majority of today's movement has arrived BETWEEN the two big instances of economic data as opposed to immediately in t...
Wed, Feb 5 2014, 10:28 AM
The CFPB is expected to spend a lot of time in 2014 on the
closing process , and it has a round of public comments due February 7.
It was put out...
Wed, Feb 5 2014, 8:46 AM
The
volume of mortgage applications remained largely unchanged during the week
ended January 31. The Mortgage Bankers
Association's (MBA) Market C...
Wed, Feb 5 2014, 7:00 AM
Today leads off with the ADP Employment Report at 8:15am. While it is the stated goal of this data series to capture the BLS report's revised numbers...
Wed, Feb 5 2014, 5:17 PM
Mortgage rates were higher again
today, further pulling back from a recent run to the lowest levels in
nearly 3 months. Like yesterday, today's...
Wed, Feb 5 2014, 5:08 PM
To reiterate a point made in the mid-day commentary, it's important to note that bond markets were weaker today WITHOUT the same sort of motivation ...
Tue, Feb 4 2014, 12:23 PM
The trading day has been fairly straightforward so far. After yesterday's rout in equities markets, we're seeing a nominal bounce back. Whether that...
Tue, Feb 4 2014, 10:59 AM
One would have to go back to the heart
of the housing boom to find a period when home prices increased at a more rapid
pace than they did in 2013 Co...
Tue, Feb 4 2014, 10:32 AM
According
to splashdata the top five list of worst passwords is: 1) 123456, 2)
Password, 3) 12345678, 4) QWERTY, and 5) abc123. Hey, how do they k...
Tue, Feb 4 2014, 7:00 AM
After the big moves seen yesterday, and in the absence of any top tier economic data, today's session is more likely to see smaller moves as markets g...
Tue, Feb 4 2014, 4:33 PM
Mortgage rates were slightly higher today
as financial markets took a break from recent volatility. With the
exception of yesterday, today's ra...
Tue, Feb 4 2014, 4:29 PM
The recession apparently hit those
builders experienced in green construction with less severity than other home
builders according to a new study...
Tue, Feb 4 2014, 4:28 PM
As expected, today's market movements were mere shadows of their former selves, opting for narrow consolidation ahead of the push of important data ...
Tue, Feb 4 2014, 1:26 PM
Homeowners who refinanced through
Freddie Mac in 2013 continued to display fiscal restraint, choosing fixed rate
mortgages, keeping essentially the ...
Tue, Feb 4 2014, 1:12 PM
The Mortgage Bankers Association (MBA)
called the fourth quarter of 2013 a particularly strong one for commercial and
multifamily mortgage origina...
Tue, Feb 4 2014, 1:10 PM
Now that prices have recovered to within
striking distance of where many folks purchased their homes, potential sellers
have found something new to ...
