Mon, Dec 9 2013, 4:55 PM
Monday got off to an uneventful start as overnight markets were
exceptionally calm. MBS opened flat and added a few ticks in the
morning hours. ...
Mon, Dec 9 2013, 4:38 PM
Mortgage rates took Friday's improvements one step further today, moving slightly lower. The most prevalently quoted rates remain between 4.5 and ...
Mon, Dec 9 2013, 1:40 PM
Responses
to the most recent National Housing Survey conducted by Fannie Mae show
Americans continue to be cautious in their appraisals of the housi...
Fri, Dec 6 2013, 12:38 PM
We've been discussing the past few days in the context of the Gorilla Analogy . If you did catch this morning's commentary, it's even more timely ( ...
Fri, Dec 6 2013, 10:40 AM
In a speech this week to the Consumer Federation of America Consumer Finance Protection Bureau’s Director Richard Cordray said that it is a m...
Fri, Dec 6 2013, 5:03 PM
If we examine today's activity in a vacuum, Mortgage rates fought and won a heroic battle in the sense they were able to hold steady to slightly s...
Fri, Dec 6 2013, 4:37 PM
"So long MBS and thanks for putting up with all the abuse!" That
might be a caption for today's Employment report. In a way, it's like a
consola...
Fri, Dec 6 2013, 3:40 PM
Too Big to Fail Banks and the
financial consolidation that created them are hot topics. A famous chart from Mother Jones shows that the big four b...
Fri, Dec 6 2013, 1:08 AM
If you missed it by any chance, yesterday's Gorilla analysis
is worth a read. Yesterday's activity is well-explained in the context
of that an...
Thu, Dec 5 2013, 12:33 PM
Production MBS are only 3 ticks down on the day at the moment, which
belies the volatility seen so far. Some of that is evident in the
pricing sn...
Thu, Dec 5 2013, 10:37 AM
"A group of government regulators out
hiking in the Artic has managed to revive a caveman who was frozen for
thousands of years. Communications so f...
Thu, Dec 5 2013, 5:10 PM
When this morning's economic data came out, stronger-than-expected
Jobless Claims and GDP combined to cause brisk selling at first. By the
end of...
Thu, Dec 5 2013, 4:01 PM
Mortgage rates were almost perfectly flat today,
despite moderate weakness in bond markets. This is largely a factor of
yesterday's weakness an...
Thu, Dec 5 2013, 2:13 PM
Smaller metropolitan areas appear to be
leading the country in a return to normal levels of economic and housing
activity the National Association ...
Thu, Dec 5 2013, 1:42 PM
David H. Stevens, president
& CEO of the Mortgage Bankers Association (MBA), said today that independently
owned and operated mortgage bankers are t...
Thu, Dec 5 2013, 1:18 AM
NFP (nonfarm payrolls, the chief component of Friday's Employment
Situation Report) is the most important piece of economic data on any
given mont...
Wed, Dec 4 2013, 12:49 PM
Several of the banks involved in the February 2012 $25 billion settlement with
state and federal government agencies " still have additional work to ...
Wed, Dec 4 2013, 12:37 PM
While the numbers are small - less than
200 homes - the incidence of foreclosure among ultra-high end homes has skyrocketed
recently, even as the ...
Wed, Dec 4 2013, 12:27 PM
The ADP Employment Report, as expected, was the biggest factor in
bond market movement this morning. After the numbers hit at 8:15,
volume popped...
Wed, Dec 4 2013, 10:59 AM
The U.S. Census Bureau and the
Department of Housing and Urban Development released their joint report on new
home sales in September and October...
Wed, Dec 4 2013, 10:49 AM
If you have questions about affiliate fees, and what fees are included in the 3% threshold, the MBA has answers! Here you go , and one more her...
Wed, Dec 4 2013, 10:12 AM
It was a short week and one in which most
Americans focused on food and families so the plunging number of mortgage
applications filed during the ...
Wed, Dec 4 2013, 7:30 AM
MBS are having a bad few weeks since FOMC Minutes reignited a PORTION
of tapering possibilities in December. We say "portion" because it's
not ...
Wed, Dec 4 2013, 4:24 PM
Bond markets were treated to a surprise guest this afternoon as
"MBS outperformance" returned after being absent for nearly a month. In
other wo...
Wed, Dec 4 2013, 3:50 PM
Mortgage rates moved
higher again today, reaching levels not seen since September 17th--the
day before the Fed Announced "no change" to QE asset...
Wed, Dec 4 2013, 1:19 PM
Mortgage profits took a big hit in the third quarter
of 2013, dropping by more than half of that reported in the second
quarter. The Mortgage Ban...
Tue, Dec 3 2013, 12:45 PM
If this isn't the first time, then it's one of a precious few where
we've deigned to mention Detroit's bankruptcy saga, but there's a
chance that ...
Tue, Dec 3 2013, 10:59 AM
CoreLogic said today that month-over-month
increases in home prices slowed to fractional numbers in October even as
year-over-year increases continu...
Tue, Dec 3 2013, 10:48 AM
A ccording to the FDIC, there are around 96,341 bank branches
in the country vs. 97,340 a year ago (999 were closed). But SNL reports
bank and...
Tue, Dec 3 2013, 7:36 AM
As Friday's jobs report approaches, we're left to ponder how much
weakness we might see in MBS and Treasuries without actually getting the
strong ...
Tue, Dec 3 2013, 4:30 PM
MBS and Treasuries diverged again today. This road more-traveled
for MBS has several sources of justification and explanation, but it's
really th...
Tue, Dec 3 2013, 3:59 PM
Mortgage rates began the day steady to slightly lower on
average, though more than a few lenders were actually in worse shape.
The average st...
Mon, Dec 2 2013, 12:42 PM
Fannie Mae and Freddie Mac have
completed a major overhaul of their master policy requirements for private
mortgage insurance the Federal Housin...
Mon, Dec 2 2013, 12:00 PM
The Census Bureau released a combined
report on the Value of Construction Put in Place for both September and October
on Monday. A full September r...
Mon, Dec 2 2013, 11:49 AM
Treasuries drifted only moderately weaker as the first December
trading kicked off in Asian markets. 10yr yields rose to 2.76
initially, but move...
Mon, Dec 2 2013, 9:41 AM
Bank of America has settled another
claim for loans it either originated during the housing boom or acquired
through its purchase of another lender....
Mon, Dec 2 2013, 9:25 AM
Planning
on giving out a few things for the holidays to special clients? Think
twice about it! Ken Perry writes, “Hey Rob, as we get closer to the...
Mon, Dec 2 2013, 7:55 AM
After last week's Thanksgiving holiday and bond market closures cast
some doubt as to whether or not we should put much stock in MBS
weakness, thi...
Mon, Dec 2 2013, 4:13 PM
Mortgage rates moved higher today ,
bringing them to their worst levels since the morning of September
18th. The average 30yr fixed rate for the...
Mon, Dec 2 2013, 4:13 PM
Bond markets got off to a rough start in December. After moving
modestly higher in Japan and more convincingly higher in Europe,
interest rates o...
Fri, Nov 29 2013, 12:15 PM
The Federal Housing Finance Agency (FHFA) recently released its 2013 Conservatorship Scorecard detailing
the progress made by the government sponso...
Fri, Nov 29 2013, 12:10 PM
RealtyTrac reports that the nature of distressed property
sales is evolving. In its most recent
report on market and distressed sales, the company ...
Fri, Nov 29 2013, 12:03 PM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Fri, Nov 29 2013, 10:01 AM
We
have 28 business days until QM is the law of the land, and even after
this commentary discussed the CFPB’s policy there still seems to be a sm...
Fri, Nov 29 2013, 2:56 PM
Here's a special Thanksgiving/Black Friday
installment of Do's and Don'ts for prospective buyers embarking
on, or already engaged in the home mo...
Fri, Nov 29 2013, 1:26 AM
It's not at all likely that today's half-day will be able to do anything
to inform Wednesday's weak session for better or worse. Any strength
can...
Fri, Nov 29 2013, 1:05 PM
Mortgage rates edged just barely lower today ,
but remain close to the recent highs seen on Wednesday. Along with
November 12th, these 3 days co...
Wed, Nov 27 2013, 12:14 PM
In homage to 2012, we have a fairly substantial Thanksgiving
sell-off on our hands. For what it's worth, the substantial
Thanksgiving sell-off of...
Wed, Nov 27 2013, 10:23 AM
A new housing brief from the U.S. Census Bureau shows that median home values in many small counties across the nation held steady after the most re...
Wed, Nov 27 2013, 9:26 AM
Applications for mortgages moved in two
directions during the week ending November 22, depending on whether the figures
were presented "as is" or ...
