Wed, May 1 2013, 4:50 PM
Today's rally was interesting. At first, it was all about ADP's employment data this morning. The series has been increasingly correlated with the B...
Wed, May 1 2013, 4:45 PM
Confirming earlier speculation, President Barack Obama this afternoon
nominated Congressman Mel Watt (D-NC) to be the director of the Federal Hous...
Wed, May 1 2013, 4:02 PM
Mortgage rates kept falling today, further extending the run into the lowest rates of 2013, but not quite in all-time low territory yet. Much of t...
Wed, May 1 2013, 2:01 PM
Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace. Labor...
Tue, Apr 30 2013, 12:43 PM
We haven't been shy about characterizing the potential breakaway from 2+ weeks of sideways range as a "lead off." In case it needed any explanation, ...
Tue, Apr 30 2013, 12:16 PM
Despite another month-over-month uptick, foreclosures continue to decline on an annual basis and, according to a report from CoreLogic today, are no...
Tue, Apr 30 2013, 10:52 AM
Every city in the S&P Case-Shiller 20-City Composite Index has now posted annual increases for at least two consecutive months. The February 2013 i...
Tue, Apr 30 2013, 10:44 AM
Innovation among vendors appears to be alive and well, as does taking customer surveys. Have you ever read reviews of hotels on Trip Advisor or produc...
Tue, Apr 30 2013, 7:11 AM
With the coming and going of the confidence vote for Italy's new Prime Minister Enrico Letta on Monday, and the absence of a discernible reaction in U...
Tue, Apr 30 2013, 4:37 PM
MBS walked in the door in positive territory this morning and are currently heading out the door in roughly the same shape. That nearness to opening ...
Tue, Apr 30 2013, 4:05 PM
The Federal Housing Finance Agency (FHFA) has released a progress report on the common securitization infrastructure (CSI) being constructed as a ...
Tue, Apr 30 2013, 3:24 PM
Freddie Mac will be phasing in a new tool over the next few months which is designed to help lenders identify credit, data, and purchase eligibility ...
Tue, Apr 30 2013, 2:36 PM
Mortgage rates extended their run into 2013 lows today, but only by small margins. The movement is essentially similar to yesterday's and further ...
Tue, Apr 30 2013, 2:31 PM
The U.S. vacancy rate and the rate of homeownership both declined in the first quarter of 2013 with the homeownership rate hitting the lowest level...
Mon, Apr 29 2013, 11:57 AM
Even though we had a few mid-tier economic releases this morning, the week has gotten off to a slow start, and that's just fine at these levels! Much...
Mon, Apr 29 2013, 11:15 AM
The demand for capital never goes away - it is matter of supply and demand setting the rate and price for certain types of loans. Putting political na...
Mon, Apr 29 2013, 10:59 AM
A key to improving the efficiency, accuracy, and
transparency of the housing finance system is standardization according to Stephen
Clinton , Fredd...
Mon, Apr 29 2013, 10:28 AM
Home purchase contract signings slowed in March
although they remained slightly above February levels and well above contract
signings one year ea...
Mon, Apr 29 2013, 7:49 AM
There's significant economic data every day this week and several potential watershed moments. The big-ticket events start hitting on Wednesday wit...
Mon, Apr 29 2013, 4:46 PM
Lender Processing Services, Inc. (LPS) said Monday that its Home Price Index (HPI) for February was up 1.0 percent to $210 from the end-of-January I...
Mon, Apr 29 2013, 4:31 PM
Today was a perfectly acceptable--even if low volume--Monday for bond markets. Things were more quiet than usual right out of the gate with Japan and...
Mon, Apr 29 2013, 3:26 PM
Mortgage rates continued lower today, after officially hitting the lowest levels of the year on Friday. Bond markets including MBS (the "mortgage-...
Fri, Apr 26 2013, 11:44 AM
Stronger-than-expected Consumer Sentiment has not been enough to offset weaker GDP or the prevailing bullish sentiment in bond markets. That sentiment...
Fri, Apr 26 2013, 10:59 AM
Fort Worth based homebuilder D. R. Horton reported financial results for its second quarter that dwarfed results from a year earlier. The company's...
Fri, Apr 26 2013, 10:53 AM
Flipping over to the non-agency sector, uh oh: is the demand for "private label," nongovernment-backed residential mortgage securities dropping, or ...
Fri, Apr 26 2013, 10:43 AM
Flipping over to the non-agency sector, uh oh: is the demand for "private label," nongovernment-backed residential mortgage securities dropping, or ...
Fri, Apr 26 2013, 8:14 AM
Today brings to a close a two week that has--until this morning at least--been one of the most sideways and tightly contained two full weeks we've s...
Fri, Apr 26 2013, 4:38 PM
A week ago today, we began wondering what the current week could possibly offer bond markets in light of the fact that next week brought month-end, th...
Fri, Apr 26 2013, 2:02 PM
Mortgage rates finally made a break from their recent flat and sideways pattern, moving officially to the best levels of 2013 by a small margin (...
Thu, Apr 25 2013, 11:22 AM
Yesterday's highest 10yr yield was 1.727 seen just after 6am New York time. Today's high yield? 1.727, seen both at 8:37am following Jobless Claims ...
Thu, Apr 25 2013, 11:12 AM
Freddie Mac reported this morning that its Total Mortgage Portfolio increased by 4.0 percent in March to an ending balance of $1.95 trillion . The...
Thu, Apr 25 2013, 10:20 AM
I will be on a flight to Washington to speak to the Washington Association of Mortgage Professionals meeting tonight; otherwise I would listen in ...
Thu, Apr 25 2013, 9:48 AM
Zillow® said today there are signs that the rapid appreciation of home values that has been evident for some months is moderating . The company's ...
Thu, Apr 25 2013, 8:12 AM
Thursday boasts an uncommonly light overnight session in the EU and Asia followed by an only slightly less extraordinary morning for the domestic se...
Thu, Apr 25 2013, 4:34 PM
It's almost as if bond markets have been in a slow motion countdown to next week's events since April 15th. We've seen essentially no movement during...
Thu, Apr 25 2013, 4:15 PM
The House Ways and Means Committee heard a wide variety of opinions today at a hearing on housing tax incentives . Representatives of the housing, b...
Thu, Apr 25 2013, 3:18 PM
Mortgage rates were microscopically higher today, doing very little to change the pervasive theme of narrow, sideways movement this week. In fact,...
Thu, Apr 25 2013, 2:13 PM
CoreLogic, an Irvine, California based provider of property information, analytics and services, announced today that it had acquired Case-Shiller f...
Wed, Apr 24 2013, 12:28 PM
In its Quarterly Report submitted to Congress on Wednesday, the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP...
Wed, Apr 24 2013, 11:58 AM
The overnight session started out flat for bond markets and grew weaker in the early hours of the morning. A push back against the moderate weakness...
Wed, Apr 24 2013, 11:02 AM
Was the dramatic deleveraging of American households during the financial crisis solely the result of charge offs and defaults or were there other f...
Wed, Apr 24 2013, 10:15 AM
In spite of all the increased regulations and underwriting criteria that require borrowers to actually qualify, mortgage applications are hanging in t...
Wed, Apr 24 2013, 8:19 AM
Mortgage applications for both home purchases and refinancing increased slightly in what was essentially a lackadaisical week that ended April 19. ...
Wed, Apr 24 2013, 8:13 AM
Wednesday then, becomes somewhat more important i n the sense that it has an opportunity to confirm a breakout on the daily chart if and only if it c...
Wed, Apr 24 2013, 4:23 PM
The overall trading range in MBS was 6 ticks from peak to trough, but that doesn't really tell the story of the flatness. With the exception of the f...
Wed, Apr 24 2013, 2:21 PM
Mortgage rates continued their recent pattern of limited movement, rising almost imperceptibly today. This keeps them in line with recent lows, w...
Wed, Apr 24 2013, 2:20 PM
A new survey conducted by United States Appraisals found a majority of appraisers are at least somewhat bullish on the current housing market. Over 5...
Wed, Apr 24 2013, 1:23 PM
In an attempt to increase public knowledge about the availability of the Home Affordable Refinance Program (HARP) which has just been extended for an...
Tue, Apr 23 2013, 11:37 AM
All of the housing metrics released today by Lender Processing Services (LPS) showed movement in a positive direction . LPS generally provides a "f...
Tue, Apr 23 2013, 11:29 AM
Tradeflows have been a much bigger consideration this morning than the reaction to economic data. To that end, bond markets were on a mission to retu...
