Tue, Apr 23 2013, 11:08 AM
New home sales increased to 417,000 units on a seasonally adjusted annual basis in March. This was a 1.5 percent increase from the revised estimate...
Tue, Apr 23 2013, 11:02 AM
We were reminded that the CFPB's " Final Rules " aren't necessarily final when it issued proposed clarifications to rules dealing with servicer-held e...
Tue, Apr 23 2013, 9:50 AM
U.S. house prices rose 0.7
percent from January to February according to data released this morning by the
Federal Housing Finance Agency (FHFA).
...
Tue, Apr 23 2013, 9:40 AM
Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee announced yesterday that the committee would not be accepting testimony fr...
Tue, Apr 23 2013, 6:48 PM
Today's trading range turned out to be fairly similar to Monday's, with a notable exception. In both cases, the wider part of the range was seen in t...
Tue, Apr 23 2013, 2:27 PM
Mortgage rates barely moved today, but the modest improvements were enough to bring them as close as they've been to 2013 lows in more than three ...
Mon, Apr 22 2013, 11:47 AM
Before MBS began trading this morning, the overnight session was mostly negative for Treasuries. Asian equities were led higher by the Nikkei after t...
Mon, Apr 22 2013, 11:15 PM
April has been a pleasant month for MBS so far. Eleven out of the 16 trading days have been positive. Only 3 of the 5 down days have been more than ...
Mon, Apr 22 2013, 11:09 AM
Despite the beginning of the traditionally busy spring market, existing home sales declined slightly in March , owing primarily to continuing tight i...
Mon, Apr 22 2013, 9:39 AM
Wells Fargo has decided that it time to embark on a $100 million expansion in Iowa : This is in spite of the industry concerned about less volume an...
Mon, Apr 22 2013, 8:03 AM
Several weeks of relative silence out of the EU may soon be coming to an end. Certainly, market moving European news hasn't been completely absent th...
Mon, Apr 22 2013, 4:23 PM
If the PM hours were the only consideration for MBS markets today, it would have been as uneventful as Friday's super narrow session. Even without th...
Mon, Apr 22 2013, 4:02 PM
After what it called years of tenuous signals indicating that the housing recovery was underway Standard & Poor's (S&P) Ratings Service say this ti...
Mon, Apr 22 2013, 2:51 PM
Mortgage rates were essentially flat to begin the week, with most lenders inconsequentially higher or lower than Friday's levels. That puts today...
Mon, Apr 22 2013, 1:34 PM
Last week the Consumer Financial Protection Bureau (CFPB) issued proposed clarifications to one of its 2013 Finals Rules , the one applying to servic...
Fri, Apr 19 2013, 12:21 PM
Trading ranges like today's are occasionally referred to as "inside days" due to the highs and lows resting "inside" yesterday's highs and lows. Insi...
Fri, Apr 19 2013, 7:13 AM
Although Friday's economic calendar is utterly empty, we're getting closer and closer to a time when decisions must be made as far as the trading mome...
Fri, Apr 19 2013, 4:14 PM
The day and the week had potential. As far as today was concerned, it was yet another chance to test the incessantly firm resistance that's capped the...
Fri, Apr 19 2013, 1:24 PM
Mortgage rates were very slightly lower today, but the improvement was just enough to leave most lenders at their best rates of the week. We have...
Fri, Apr 19 2013, 1:13 PM
The median price of a home in California
shot up in March to $313,000 from 289,000 in February, a one-month increase of
8.3 percent . The spike ...
Fri, Apr 19 2013, 1:08 PM
Like it or not, a lot of those people buying homes use a government-related housing program. FHA & VA lenders know that biz is good. Ginnie Mae has ...
Thu, Apr 18 2013, 12:55 PM
Edward J. DeMarco, Acting Director of
the Federal Housing Finance Agency (FHFA) appeared before the Senate Banking
Committee today. According to hi...
Thu, Apr 18 2013, 12:01 PM
The overnight session provided the week's best examples of logical cause and effect. Germany's parliamentary approval of the Cyprus bailout along wit...
Thu, Apr 18 2013, 10:32 AM
Earlier this week I received a note from the owner of a mortgage bank in Pennsylvania. "Rob, with all this 3% cap talk going on [editor's note: it i...
Thu, Apr 18 2013, 8:05 AM
Bond markets may be getting ready to make a bigger movement in the near future for several technical and fundamental reasons. From a technical standp...
Thu, Apr 18 2013, 4:11 PM
The past two days have been interesting for bond markets and MBS as the realized volatility (the gaps between the highs and the lows) has remained w...
Thu, Apr 18 2013, 3:58 PM
Fannie Mae's economists note that
economic growth was very choppy during the second half of 2012 because of
inventory swings and the same is expecte...
Thu, Apr 18 2013, 3:03 PM
The Consumer Finance Protection Agency
( CFPB ) has released a report highlighting problems with what it called " senior
designation " credentials. ...
Thu, Apr 18 2013, 2:56 PM
Mortgage rates were unchanged today, with some lenders raising costs just slightly while others were markedly improved. Taken together, there was...
Thu, Apr 18 2013, 2:33 PM
Gallup said today that more than half of
Americans expect average home prices in their local area to increase over the
next year. Fifty-one per...
Wed, Apr 17 2013, 12:42 PM
"Does the price of gold impact mortgage rates ?" No, not really, but both move based on supply and demand, political uncertainty, current events, an...
Wed, Apr 17 2013, 12:28 PM
Bank of America (BOA)
reported net income in the first quarter of 2013 of $2.6 billion or $0.20 per
diluted share, up from net income of $653 millio...
Wed, Apr 17 2013, 11:54 AM
The resistance theme of the week remains in play for MBS and Treasuries. Neither market has been able to successfully challenge the week's best level...
Wed, Apr 17 2013, 11:21 AM
Wells Fargo Bank's
Economics Group has issued commentary on housing which updates
concerns it says it has raised over the past few month "that the ...
Wed, Apr 17 2013, 8:24 AM
Mortgage applications for both
purchasing a home and refinancing one increased during the week ended April
12. The Mortgage Bankers Association
...
Wed, Apr 17 2013, 7:33 AM
For both MBS and Treasuries, the sense of "resistance " has been building for several sessions--" technical resistance" to be specific. This termin...
Wed, Apr 17 2013, 5:29 PM
Freddie Mac's economists advise readers of its April Economic
and Housing Outlook to look at employment growth over the past few months
rather t...
Wed, Apr 17 2013, 4:43 PM
If we consider the range of trading in MBS and Treasuries so far this week, Today's session saw both markets move from one extreme to the other and ha...
Wed, Apr 17 2013, 3:13 PM
Mortgage rates edged modestly lower today, signifying some level of resolve to remain at the more aggressive levels of the recently lower range in ...
Wed, Apr 17 2013, 1:05 PM
Real estate loans for multi-family
properties led all commercial and multi-family loan originations in 2012
according to the Mortgage Bankers Ass...
Tue, Apr 16 2013, 12:49 PM
The U.S. Census Bureau released two
housing market briefs on Tuesday, both the results of data collected from the
American Community Survey. Renta...
Tue, Apr 16 2013, 12:24 PM
The
Consumer Financial Protection Bureau (CFPB) has released a set of clarifying
and technical amendments to one of the several rules it released in...
Tue, Apr 16 2013, 11:49 AM
The resistance theme mentioned yesterday and today continue to play out today, as has the headline "More Data, More Opportunity To Ignore It." The ...
Tue, Apr 16 2013, 11:25 AM
Given current rates , and thus the rates at which millions of people are refinancing, the home lending industry has become keenly interested in wh...
Tue, Apr 16 2013, 10:32 AM
Building permits were issued in March at a seasonally
adjusted rate that was 3.9 percent lower than in February but 17.3 percent
higher than one y...
Tue, Apr 16 2013, 6:46 AM
The theme of the week is resistance . Were it not for the Boston Marathon bombing and the timing thereof, it looked unlikely that bond markets would...
Tue, Apr 16 2013, 4:42 PM
The Equifax March National Consumer
Credit Trends Report presents more evidence that the home finance related
credit picture is improving rapidly....
Tue, Apr 16 2013, 4:40 PM
Most of the S&P/Experian Consumer
Credit Default Indices fell in March.
The national composite default index and both first and second mortgage
...
Tue, Apr 16 2013, 4:26 PM
Bond markets began the day in weaker territory after Monday night's flight-to-safety demand steadily dried up overnight. The domestic session was gre...
Tue, Apr 16 2013, 1:46 PM
Mortgage rates moved higher today, breaking a three day trend of improvements that had rates approaching their 2013 lows. The will to push back ag...
