Tue, Jun 11 2013, 4:59 PM
Contrary to the increasingly prevalent argument that the benefits of homeownership
have been overemphasized, a new study by finds that it is still a...
Tue, Jun 11 2013, 4:45 PM
The
Federal Reserve Bank of New York has published a paper by one of its
former visiting scholars that flies in the face of the stated policy
of ...
Mon, Jun 10 2013, 11:31 AM
For Fannie 3.5s and 10yr Treasuries, the trading levels that finally
offered support at the end of Friday's sell-off, have turned into
resistance ...
Mon, Jun 10 2013, 10:16 AM
I am in Atlanta for a couple days, visiting with the Atlanta Mortgage
Bankers Association. Some of the conversations involve the $76 million
that ...
Mon, Jun 10 2013, 7:58 AM
Tensions remain high in the upcoming week as last Friday's Employment
Situation Report failed to clearly suggest that the Fed would
legitimately c...
Mon, Jun 10 2013, 6:54 PM
The immigration reform bill will finally get it's debut on the floor
of the Senate tomorrow with potentially big implications for the Housing
and ...
Mon, Jun 10 2013, 5:57 PM
This
is the second of a two-part summary of the Center for American
Progress (CAP)/National Council of LaRaza paper titled Making
the Mortgage Ma...
Mon, Jun 10 2013, 4:13 PM
Despite 10yr yields rising more than 3bps (up over 2.20% !), MBS were slightly improved by the 3pm Treasury close and look to be heading out the door ...
Mon, Jun 10 2013, 3:21 PM
Mortgage rates continued higher today ,
further extending the push into fresh 15-month highs confirmed on
Friday. The secondary mortgage marke...
Fri, Jun 7 2013, 11:49 AM
Yes, mortgage rates are higher than where they were a month ago. We aren't in an " ARM market " quite yet although intermediate ARMs
are seeing some...
Fri, Jun 7 2013, 7:46 PM
We could all use a little comedy considering the recent rise in rates . But delays in
the loan process are no laughing matter, costing you more ...
Fri, Jun 7 2013, 6:56 PM
The
U.S. Department of Housing and Urban Development ( HUD ) and the U.S.
Department of the Treasury today released the May edition of the
Obama Ad...
Fri, Jun 7 2013, 5:33 AM
There's typically very little to say that hasn't already been said come NFP morning. Although that's certainly true today, yesterday's weird price ...
Fri, Jun 7 2013, 5:19 PM
Mortgage rates rose today.
They rose no more or less than any other "fairly bad" day in the
history of mortgage rates, but at this particular ...
Fri, Jun 7 2013, 4:40 PM
Following MBS is a tricky business. On the one hand, traders who are
rooting for MBS, do so from a spread standpoint, where the ups and downs
of ...
Fri, Jun 7 2013, 3:35 PM
The
Center for American Progress (CAP) and the National Council of La
Raza have released a paper, Making
the Mortgage Market Work for American's Fa...
Fri, Jun 7 2013, 1:51 PM
Today's payrolls numbers had a chance to give clear pause to near-term tapering prospects, IF
it had been weak enough. It similarly had a chanc...
Fri, Jun 7 2013, 1:06 PM
Both Treasuries and MBS are weaker at the moment after hard-fought
volatility this morning. Immediately following the NFP release, both
sides of ...
Thu, Jun 6 2013, 11:44 AM
Remember all those folks that had their 401(k)'s tied up in stocks
like Countrywide, Bank of America, Lehman Brothers, National City,
WAMU... the ...
Thu, Jun 6 2013, 6:59 AM
Today is the last before the event we've been waiting for since May 22nd. It was that dose of unexpectedly candid taper talk from Bernanke (later e...
Thu, Jun 6 2013, 5:30 PM
Frank Nothaft , Freddie Mac vice president and
chief economist said, "Borrowers continue to strengthen their
fiscal house by taking advantage of nea...
Thu, Jun 6 2013, 4:42 PM
Mortgage rates improved today ,
bringing them back in line with the week's lower levels from Monday.
It's worth noting, that Monday's rates wer...
Thu, Jun 6 2013, 4:36 PM
Do markets know something that we don't know? That's a tempting
question to ask after witnessing what was probably the most significant
global ma...
Thu, Jun 6 2013, 3:58 PM
Among
the areas of focus in the most recent edition of Lender Processing
Service's (LPS) Mortgage
Monitor are the metrics
surrounding the market...
Thu, Jun 6 2013, 2:05 PM
The morning has been intense in terms of the " unseen hand " causing massive market movements. I talk a lot about "tradeflows
and technicals" movin...
Thu, Jun 6 2013, 1:25 PM
Although there was no
information as to precisely what precipitated it, Wells Fargo Bank ,
N.A. has agreed to invest $39 million dollars to help im...
Thu, Jun 6 2013, 1:24 PM
Every
month Fannie Mae releases a report on the results of its most recent
National Housing Survey. The survey, which is conducted by telephone
am...
Thu, Jun 6 2013, 1:22 PM
For the fifth straight month more than
70 percent of U.S. Metropolitan areas are listed as "improving"
by the National Association of Home Builder...
Wed, Jun 5 2013, 12:24 PM
Representative
Darrell Issa (R-CA) is said to have accused the Federal Housing
Administration (FHA) of attempting to bury a $115 shortfall in its
...
Wed, Jun 5 2013, 11:42 AM
There was perhaps more volatility than MBS markets would have liked
following this morning's weaker-than-expected ADP Employment numbers.
Private...
Wed, Jun 5 2013, 11:33 AM
Yesterday the commentary mentioned a question, "Rob, how can I gear up my consumer direct division to go after purchase business?" I
received this n...
Wed, Jun 5 2013, 8:54 AM
There
was another substantial drop in mortgage applications during the week
ended May 31 as rates increased, in some cases to 13 month highs.
Th...
Wed, Jun 5 2013, 7:55 AM
It's a sign of the times when fringy (no negative connotation here; merely refers to edge of spectrum) non-voting FOMC members express their fringy op...
Wed, Jun 5 2013, 6:17 PM
The blood-letting in MBS continued today in terms of price gains
relative to broader rates markets. For instance, 10yr Yields were
roughly 6 bps ...
Wed, Jun 5 2013, 4:18 PM
Mortgage rates were mixed today ,
with different parts of the interest rate spectrum moving in different
directions. In other words, for borrow...
Wed, Jun 5 2013, 3:12 PM
More than 750 builders are in
Washington today, attending the National Association of Home Builders
( NAHB ) annual Legislative Conference. Over ...
Wed, Jun 5 2013, 2:56 PM
The fifth annual report of the State
Regulatory Registry (SRR) shows substantial growth in its National
Mortgage Licensing System ( NMLS ) as that...
Wed, Jun 5 2013, 2:23 PM
Following the success of an
escalation process initiated in February, Fannie Mae is introducing
another website tool to help real estate professiona...
Tue, Jun 4 2013, 12:29 PM
After a relatively uneventful overnight session, bond markets kicked off
the domestic hours unchanged from yesterday's close, but started
slipping...
Tue, Jun 4 2013, 11:16 AM
"Rob, how can I gear up my consumer direct division to go after purchase business? "
That is a good question to which I don't know the answer - wis...
Tue, Jun 4 2013, 6:23 PM
Despite being near their best historical levels compared to Treasuries
in the long run, MBS are at their weakest relative levels of performance
si...
Tue, Jun 4 2013, 6:11 AM
Tuesday is the last day of the week without a major potential tape
bomb on the economic calendar. Thursday is arguably in that same boat,
but see...
Tue, Jun 4 2013, 4:25 PM
Mortgage rates were moderately higher today ,
taking most lenders into slightly higher territory than yesterday or
last Tuesday (the two worst d...
Tue, Jun 4 2013, 1:50 PM
The Consumer
Financial Protection Bureau is giving financial and mortgage
companies a heads-up about what examiners will be looking for under
new...
Tue, Jun 4 2013, 1:34 PM
Citing
his concerns that homeowners across New York State are being held in
"legal limbo" , the state's Attorney General, Eric T.
Schneiderman, ha...
Tue, Jun 4 2013, 1:27 PM
Delinquency rates for commercial and
multifamily mortgages generally declined during the first quarter of
the year except for a notable increase in...
Tue, Jun 4 2013, 1:11 PM
According to the
CoreLogic April Home Price Index (HPI) including distressed sales
home prices are now up 12.1 percent on an annual basis. In M...
Mon, Jun 3 2013, 12:38 PM
The U.S. Census Bureau has just
released the 2012 version of its report on Characteristics of New
Housing . The report is composed of dozens of in...
Mon, Jun 3 2013, 11:45 AM
Even though a case could be made for some technical exhaustion amid the
recent, pervasive sell-off, the morning's data has certainly played a
part...
Mon, Jun 3 2013, 9:53 AM
Underwriters and loan originators are acutely aware of a trend
reflected in a stat the Census Bureau recently released: the number of
businesses w...
