Mon, Jun 3 2013, 7:41 AM
It's not the shortest week of the year, but it might as well be. By far and away, the most significant event
will occur on Friday with Non-Farm P...
Mon, Jun 3 2013, 4:21 PM
Though MBS began the day in weaker territory than Treasuries, they were
able to (eventually) keep pace with much of the rally that followed this
m...
Mon, Jun 3 2013, 3:40 PM
Mortgage rates barely budged today ,
but only when comparing the most recent batch of rate sheets to
Friday's latest. Between now and then, the...
Mon, Jun 3 2013, 2:43 PM
The
third of five planned concept papers outlining recommended steps to
ease the transition during secondary market reform was published
today by...
Fri, May 31 2013, 12:19 PM
Most of the pertinent details of the morning have been covered in
the previous 'special alert.' The recap below fills in the blanks with
more spe...
Fri, May 31 2013, 10:14 AM
As a courtesy to our readers who aren't yet subscribers to MBS Live , we wanted to bring you an early update this morning as conditions have grown ...
Fri, May 31 2013, 7:37 AM
After an eerily uncommon two days in a row of gains, bond markets will face off with an old friend: ' month-end .' This tends to be a supportive time...
Fri, May 31 2013, 7:25 PM
Every borrower wants their
mortgage closing to be simple and stress free. While it may not
always feel like it (between loan processors' requests f...
Fri, May 31 2013, 6:04 PM
If we consider the worst 5-week batches of time for production MBS, and
even if we allow late 2010 to combine the worst 5 weeks spanning
November ...
Fri, May 31 2013, 4:57 PM
The massive public database of consumer
complaint information which the Consumer Financial Protection Bureau
(CFPB) brought on-line in March has now...
Fri, May 31 2013, 4:03 PM
Mortgage rates moved back up to the highest levels of the week ,
confirming a bumpy ride between now and next week's big jobs report.
The day b...
Fri, May 31 2013, 3:10 PM
As
the housing crisis unrolled the Department of Housing and Urban
Development (HUD) and the two government sponsored enterprises (GSEs)
Freddie Ma...
Fri, May 31 2013, 2:14 PM
"The guy next door" as well as multi-billion dollar venture capital
funds know that, right? Well, the housing industry is hoping that
venture capi...
Thu, May 30 2013, 12:45 PM
The morning so far has been a simple one. Treasuries traded in their
most narrow range of the week overnight, though lost some ground into
the do...
Thu, May 30 2013, 11:15 AM
The Obama Administration has extended its Making Home
Affordable (MHA) program through December 2015. The action, taken
Thursday brings that pro...
Thu, May 30 2013, 11:03 AM
Pending home sales in April rose a
slight 0.3 percent to 106.0 on the National Association of Realtors®
(NAR) Pending Home Sales Index (PHSI). I...
Thu, May 30 2013, 10:50 AM
The Federal Housing Finance Agency (FHFA) published an interim final rule in the Federal Register recently which mean that the long drawn-out saga...
Thu, May 30 2013, 10:10 AM
Foreclosure-related
home sales retreated to a 21 percent share of all homes sales in the
country during the first quarter of 2013. RealtyTrac rep...
Thu, May 30 2013, 7:42 AM
Jobless Claims at 8:30am will be the key release of the morning,
unless GDP manages to surprise. Either way, 8:30am is the focal point and
we'd e...
Thu, May 30 2013, 4:57 PM
Today was a pretty straightforward one as far as the bounce back from
Tuesday's mega sell-off is concerned. There was a fair chance Tuesday's
low...
Thu, May 30 2013, 4:12 PM
Mortgage rates continued picking up the pieces today ,
after skyrocketing to their highest levels in over a year to begin the
week. The past tw...
Thu, May 30 2013, 2:03 PM
The Multifamily Production Index (MPI)
compiled by the National Association of Home Builders continued in
positive territory for the fifth straight...
Wed, May 29 2013, 12:28 PM
After overnight weakness in bond markets (both foreign and domestic),
Treasuries plodded back to unchanged territory. 10yr yields had been as
hig...
Wed, May 29 2013, 12:11 PM
The foreclosure inventory has fallen by
nearly a quarter in the last year according to data released today by
CoreLogic. Approximately 1.1 mill...
Wed, May 29 2013, 11:34 AM
Traders report that there has been " little resistance to higher rates ." What does that mean? Mortgage banker origination has been heavy (hitting ove...
Wed, May 29 2013, 9:13 AM
Waning enthusiasm for refinancing again drove the volume of mortgage applications down during the week ended May 24. The Mortgage Bankers Association...
Wed, May 29 2013, 7:38 AM
Yesterday was the worst day for MBS and mortgage rates since ' Black Wednesday ,' on May 27, 2009. A lot has changed in those four years and a lot of...
Wed, May 29 2013, 6:33 PM
There's not much to discuss this afternoon as far as organic market
motivations are concerned. That's a funny way of saying that the
"stuff" that...
Wed, May 29 2013, 4:01 PM
Mortgage rates recovered somewhat today , after experiencing their worst day in exactly 4 years yesterday (get caught up HERE ).
Rather than tri...
Wed, May 29 2013, 3:17 PM
The
Consumer Financial Protection Agency has, as it promised earlier,
released changes to the Ability-to-Repay rule due to go into effect
in Janu...
Wed, May 29 2013, 2:22 PM
The Federal Deposit Insurance Corporation said today that its
insured depository institutions reported aggregate net income of
$40.3 billion in th...
Tue, May 28 2013, 12:09 PM
In this morning's " week ahead " post, we highlighted the previous support seen around 2.04-2.07 percent in 10yr yields and that longer-run economic f...
Tue, May 28 2013, 10:45 AM
S&P Dow Jones reported today that both its 10-City and 20-City Case-Shiller Composite Indices posted increases in the first quarter of 2013 that were ...
Tue, May 28 2013, 9:59 AM
In Saturday's edition of the commentary, the question was raised by CG from Wisconsin regarding paying loan officers different rates based on differen...
Tue, May 28 2013, 8:54 PM
An adapted excerpt from tonight's ratewatch post :
If we had been fighting a battle for low rates, morale was high heading into the end of April...
Tue, May 28 2013, 7:29 AM
The past 4 weeks of selling brings MBS and Treasuries back to the scene of old battlegrounds from sell-offs past. With a moderate week of economic da...
Tue, May 28 2013, 6:16 PM
There is no adequately descriptive language for movement in Mortgage rates today. "Vaulting catastrophically higher" only begins to capture the b...
Tue, May 28 2013, 5:19 PM
Fannie Mae recently canvased a few of its lenders to gather reactions to the new representation and warranty framework it recently put into operatio...
Tue, May 28 2013, 3:26 PM
Although we don't typically publish "alerts" to the MBS Commentary channel (because of MBS Live ), today feels like a good day to break those rules c...
Tue, May 28 2013, 2:37 PM
The latest in the monthly rollout of reports on the housing sector's recovery, as reflected in house prices, came today with Case Shiller earlier and ...
Sat, May 25 2013, 2:09 PM
The mortgage industry is filled with smart business people who just want to know "the rules of the game" rather than the uncertainty that seems to exi...
Fri, May 24 2013, 10:42 AM
Freddie Mac said today that its total mortgage portfolio i ncreased by $951 million in April to $1.949 trillion , an increase of 0.6 percent. This ...
Fri, May 24 2013, 10:03 AM
T he IRS, furlough days, and the possible impact on 4506 transcript processing . I first heard about it through a Mountain West Financial e-mail: "T...
Fri, May 24 2013, 7:37 AM
Welcome to a crazy day for markets, maybe. It's a quadruple witching session, meaning that futures and options for single stocks and stock indices ...
Fri, May 24 2013, 4:31 PM
After a morning fraught with volatility, MBS finally bounced just after the noon hour. Even then, such a bounce wasn't really indicative of much more...
Fri, May 24 2013, 2:47 PM
Mortgage rates finally paused their relentless push higher today, holding at unchanged levels compared to yesterday's latest rate sheets on average...
Fri, May 24 2013, 1:07 PM
Please not the timestamp on the price table below as Fannie 3.0s are currently down 3 ticks at 101-19, but had been as low as 101-13 earlier this morn...
Thu, May 23 2013, 12:47 PM
Mortgage markets are less than thrilled with the broader move into higher rates that was effectively confirmed yesterday, and we have 2 negative repri...
Thu, May 23 2013, 12:10 PM
As has every other price-related report,
the one issued by the Federal Housing Finance Agency (FHFA) today confirmed the
upward momentum of home pr...
Thu, May 23 2013, 9:44 AM
Reporting on
FHFA and GSE operations during the period the OIG noted the significant
improvement in the GSEs' financial results with Fannie Mae re...
