Wed, May 15 2013, 11:42 AM
Where's the Fed's head when it comes to housing? I can't say for sure, but Fed Governor Duke's speech on " The Mortgage Market and Housing Condition...
Wed, May 15 2013, 11:09 AM
Lender Processing Services (LPS) has release a new
tool for mortgage servicers that the company says will allow them to "provide
consistent, real-ti...
Wed, May 15 2013, 9:50 AM
Realtors meeting at the National Association of Realtors® Midyear Legislative Meetings and Trade Expo heard two presentations about the roles the fed...
Wed, May 15 2013, 9:15 AM
Is it possible that the sluggishness of
the foreclosure pipeline is actually camouflaging low mortgage delinquency
rates ? TransUnion raised the...
Wed, May 15 2013, 8:13 AM
Applications for both purchasing and refinancing homes
dropped during the week ended May 10 as interest rates reversed the downward
trend of the ...
Wed, May 15 2013, 7:09 AM
Wednesday brings enough data in the morning hours that it could help shape the trading day for bond markets. This wasn't the case on Tuesday where an...
Wed, May 15 2013, 4:51 PM
Mortgage rates had a good day, despite the fact that the day-over-day change from yesterday is flat to slightly higher. Part of the reason for ...
Wed, May 15 2013, 4:36 PM
It's about 24 hours too soon to start getting excited, but for the very first time in May, MBS did NOT make new lows today! That's not for lack of tr...
Wed, May 15 2013, 3:58 PM
Nearly a quarter million homeowners received mortgage loan modifications through HOPE NOW during the first quarter of 2013. The voluntary private...
Wed, May 15 2013, 3:44 PM
Nearly half of members responding to a National
Association of Federal Credit Unions survey say they are already planning to drop
loans from thei...
Wed, May 15 2013, 3:37 PM
The Federal Housing Finance Agency ( FHFA ) published an interim final rule in the Federal Register on Tuesday which may mean that the long drawn-ou...
Wed, May 15 2013, 3:07 PM
Under Dodd-Frank, the Consumer Finance Protection Bureau
( CFPB ) was required to issue several mortgage rules , ostensibly intended to 'protect
co...
Wed, May 15 2013, 1:14 PM
Several speakers representing lenders, servicers, and appraisers spoke to Realtors
attending their Midyear Legislative Meetings in Washington on Wedn...
Wed, May 15 2013, 1:05 PM
The percentage of loans originated for purchasing homes increased again in April , the third consecutive month they have done so. According Ellie Ma...
Tue, May 14 2013, 12:18 PM
Please note the timestamp in the pricing snapshot below (11:09am EST). The mid-day post will always pull a snapshot of current prices between 11:00 a...
Tue, May 14 2013, 10:17 AM
Freddie Mac has opened applications for its new Streamlined Modification program , making it available to all eligible borrowers immediately, six we...
Tue, May 14 2013, 10:13 AM
"Rob, why would Warren Buffett recommend stocks and not bonds? And do they always move in opposite directions?" The answer is no, they don't alway...
Tue, May 14 2013, 8:32 PM
On May 3rd, after NFP, we said: "historically, a move like today's that runs counter to more than a month of trending, has been more likely to mark th...
Tue, May 14 2013, 6:45 AM
Tuesday is the lightest day of the week in terms of scheduled data without only Import/Export prices in the 8:30am time slot. This report tends to no...
Tue, May 14 2013, 4:20 PM
Mortgage rates began the day in promising shape, but lost their composure early and often. Despite several lenders releasing their initial rate sh...
Tue, May 14 2013, 3:34 PM
American households have resumed what is now nearly a five year effort to decrease their debt. The Household Debt and Credit Report for the first qu...
Tue, May 14 2013, 3:20 PM
Home sales in Southern California hit a seven year high in April spurred by pent up consumer demand and high levels of investor activity . Prices ...
Tue, May 14 2013, 3:14 PM
The spring market may be bringing a little of the hoped for increase in available homes for sale. April data from Realtor.com indicated the inventory...
Tue, May 14 2013, 2:17 PM
Housing affordability declined slightly in the first quarter of this year, but remains near historic highs according to the National Association of H...
Tue, May 14 2013, 1:52 PM
CoreLogic's May MarketPulse report, released today, looks at the housing recovery and concludes that it is not occurring evenly across the U.S , bu...
Mon, May 13 2013, 12:46 PM
Realtors saw an increase in their income in 2012 for the second year in a row after nine straight years of losing ground The National Association of...
Mon, May 13 2013, 12:15 PM
Bond markets are again in short term consolidation mode (where the trading range of prices and yields grows increasingly narrow, forming what some ref...
Mon, May 13 2013, 11:08 AM
The report points out, "It is hard to imagine a sustainable housing recovery taking place with fewer homeowners ."
This point, it says, "appears to...
Mon, May 13 2013, 10:16 AM
It is a time to celebrate those 65 and older through ceremonies, events and public recognition - in which most of which the folks in this group have n...
Mon, May 13 2013, 7:45 AM
The week begins with the Retail Sales report, an uncommonly relevant piece of data to be in the 8:30am time-slot first thing Monday morning. It's m...
Mon, May 13 2013, 4:49 PM
This morning's Retail Sales report was only a small contributor to a sell-off that took it's more meaningful cues both from overnight trading as well ...
Mon, May 13 2013, 4:01 PM
Mortgage rates continued higher to begin the week, carrying some momentum from Friday's rapid move higher and taking new cues from a stronger-than-...
Fri, May 10 2013, 12:11 PM
Yesterday I was speaking to a group from International City Mortgage (a solid company on the rise, adding their own servicing, selling to the agen...
Fri, May 10 2013, 10:09 AM
"The strong year over year increase
in confidence reported by builders for the 55+ market is consistent with year
over year increases in other seg...
Fri, May 10 2013, 9:30 PM
The Obama Administration's Monthly
Housing Scorecard for April was released this afternoon by the Departments of
Treasury and Housing and Urban De...
Fri, May 10 2013, 7:41 AM
At the risk of disappointing some the audience, let's skip the Top Gun shtick and focus on the danger zone that bond markets have been approaching thi...
Fri, May 10 2013, 7:00 PM
Mortgage rates rocketed higher precipitously today, taking them to their highest levels since April 2nd. The move was all the more confounding as ...
Fri, May 10 2013, 6:16 PM
Today was a fairly jarring and brutal ride for bond markets--a true example of the sort of volatility that we often consider, but seldom see on data-f...
Fri, May 10 2013, 4:37 PM
The Office of Comptroller of the Currency ( OCC ) said today the more than 2.2 million people have cashed or deposited the checks they have received...
Fri, May 10 2013, 3:53 PM
One of the biggest challenges for retired borrowers is their ability to meet lenders’ income requirements. With 'stated-income' and 'no doc' loans ...
Fri, May 10 2013, 3:19 PM
Federal Reserve Governor Elizabeth A. Duke, told an audience at the Housing Policy Executive Council on Thursday that despite the sustained recovery...
Fri, May 10 2013, 2:28 PM
The California Association of Realtors® (C.A.R.) said today that rising home prices in the state are putting a dent in housing affordability . Fif...
Fri, May 10 2013, 1:02 PM
Sorry to be getting the recap out to you later than normal, but updates and alerts for the MBS Live community are first and foremost, and on days l...
Thu, May 9 2013, 11:56 AM
The 30yr Bond Auction is coming up at 1pm, and while it's Treasuries that are being auctioned, the extra supply in the market has a moderate ripple ef...
Thu, May 9 2013, 11:30 AM
The Consumer Financial Protection Bureau (CFPB) is proposing to delay implementation of part of the Loan Originator Compensation Requirements it i...
Thu, May 9 2013, 11:15 AM
The employment picture continues to evolve. For example, earlier this week BB&T announced it will consolidate 37 markets into 23 and eliminate 14 re...
Thu, May 9 2013, 7:46 AM
For the first time this week , we'll get economic data in the morning that actually stands a chance to move markets. In fact, the only 2 reports of ...
Thu, May 9 2013, 4:55 PM
To see the story told on MBS chart, it was an incredibly dramatic day
that ended with a steep sell-off. Several negative reprices late in the
day...
Thu, May 9 2013, 4:39 PM
Mortgage rates ended the day in line with yesterday's levels on
average, making this the second straight day with unchanged rates and
unchanged...
Thu, May 9 2013, 3:49 PM
Despite rising home prices in U.S. metropolitan areas in the first quarter, the National Association of Realtors® (NAR) said today that home affordab...
