Mon, Apr 15 2013, 12:05 PM
Excruciatingly little has changed since MBS got in the door this morning, and Fannie 3.0s continue to trade right in line with those longer-term resis...
Mon, Apr 15 2013, 11:22 AM
Despite a revival of demand for new homes, builders are
facing constraints that are eroding their confidence in the market for new
single family h...
Mon, Apr 15 2013, 7:51 AM
There's no question that the past three weeks of trading for domestic bond markets have been their best 3 week stretch of the year. This was exclusiv...
Mon, Apr 15 2013, 4:59 PM
Senior management at lenders everywhere were keenly interested in the results from Wells Fargo and Chase for the 1 st quarter, given that they are ...
Mon, Apr 15 2013, 4:23 PM
The last few ticks of price improvements in MBS amount to ill-gotten gains as they represent a quick flight to safety owing, in large part, to the tra...
Mon, Apr 15 2013, 3:58 PM
A sudden surge in single family home
prices in California coupled with flat sales are both attributed by the
California Association of Realtors® (...
Mon, Apr 15 2013, 2:08 PM
Mortgage rates moved lower for the 3rd straight day, moderately extending the solid improvements seen late last week, and bringing rates very close...
Fri, Apr 12 2013, 11:29 AM
Bond markets began the day in slightly better territory after the European session traded "risk-off." German debt rallied, peripheral debt and equiti...
Fri, Apr 12 2013, 11:03 AM
The Federal Housing Finance Agency (FHFA) has announced that Fred
C. Graham will become Deputy Director of the Division of Federal Home Loan Bank
...
Fri, Apr 12 2013, 11:02 AM
Wells Fargo beat analysts' expectations
and brought in record high earnings for the first quarter of 2013 even though
its mortgage earnings decline...
Fri, Apr 12 2013, 9:44 AM
Well, the rate lock renegotiation discussion continues, and here is one angle that I hadn't seen raised. "Lately we have been working/wrestling with...
Fri, Apr 12 2013, 7:29 AM
Thursday was an enjoyable day for bond market bulls as both Treasuries and MBS managed to open in positive territory and hold those gains without the ...
Fri, Apr 12 2013, 4:12 PM
There was a twofold rally underway right from the outset today. Europe kicked things off overnight as the risk-on move that had been going strong all...
Fri, Apr 12 2013, 2:23 PM
Mortgage rates finally extended yesterday's move lower, falling at an even quicker pace today. Weaker Retail Sales data contributed to a morning ...
Thu, Apr 11 2013, 12:21 PM
A welcome break from the recent norms this morning as bond markets have remained stable in slightly better territory. The strength began as the start...
Thu, Apr 11 2013, 10:01 AM
Not to be outdone, the CFPB published its " Small Entity Compliance Guide for the Ability-to-Repay and Qualified Mortgage Rule. " "Our
goal with thi...
Thu, Apr 11 2013, 9:28 AM
Mortgage
loan modifications completed through HOPE
NOW , the voluntary, private sector alliance of mortgage servicers, investors,
mortgage insurer...
Thu, Apr 11 2013, 9:12 AM
Legal filings related to foreclosure
declined both in March and in the entire first quarter compared to previous
periods RealtyTrac said today. T...
Thu, Apr 11 2013, 7:37 AM
At this point, Treasuries have unwound not only last Friday's rally, but Thursday's as well. They're very close to the lower levels of a long term in...
Thu, Apr 11 2013, 4:21 PM
Both MBS and Treasuries put in convincing performances today as they held on to morning gains all day without taking part in the same sort of fluctuat...
Thu, Apr 11 2013, 3:28 PM
Mortgage rates finally moved lower today, after rising moderately during the first 3 days of the week. Today's changes are fairly small when view...
Thu, Apr 11 2013, 1:15 PM
The Home Affordable Refinance Program
(HARP) has been extended for two years beyond its scheduled expiration on
December 31. The Federal Housing F...
Wed, Apr 10 2013, 12:08 PM
The Lender Processing Service (LPS)
February Mortgage Monitor found that
loan prepayment rates, historically a good indicator of refinancing activ...
Wed, Apr 10 2013, 11:58 AM
In response to a recent remark by
Attorney General Eric H. Holder, Jr., Senator Bernie Sanders (I-VT) has
introduced Senate legislation aimed at ...
Wed, Apr 10 2013, 11:32 AM
The overnight and early morning trading hours were similar enough to recent patterns, with Treasuries flat during the Asian session and weaker during ...
Wed, Apr 10 2013, 8:40 AM
Applications for government-backed
mortgages dropped significantly during the week ended April 5, but mortgage
activity in other sectors was stro...
Wed, Apr 10 2013, 7:47 AM
Bond markets spent another day correcting from Friday's post-NFP rally (moving higher in yield), but this time at a somewhat slower pace. In fact, th...
Wed, Apr 10 2013, 5:44 PM
I received several notes on the practicality of the renegotiation of locks . "One Capital Markets person noted, "LOs seem to forget that it is a real...
Wed, Apr 10 2013, 5:31 PM
Donovan declined to speculate about
the likelihood FHA would need to draw on Treasury funds to correct the deficit
in its Mortgage Insurance Fund ...
Wed, Apr 10 2013, 4:14 PM
Bond markets are in a bit of a predicament now, at least from a technical perspective. The longer-term uptrend stretching back to the middle of last ...
Wed, Apr 10 2013, 3:31 PM
Mortgage rates moved higher today, bringing rates back in line with last Thursday's, depending on the lender. After Friday concluded an impressiv...
Wed, Apr 10 2013, 2:49 PM
The House Financial Services
Subcommittee heard testimony today from housing industry leaders on
congressional efforts to reform the Federal Housin...
Tue, Apr 9 2013, 11:39 AM
MBS, Treasuries, and Stocks have all traded in eerily similar patterns to yesterday through the same time. This is characterized by an overnight sess...
Tue, Apr 9 2013, 11:25 AM
Two consumer advocacy groups have outlined how state
lawmakers can bolster safeguards to prevent unnecessary foreclosures . The Center for Responsi...
Tue, Apr 9 2013, 10:13 AM
The plot thickens in the Access National branch closure story . Prior to the weekend Virginia-based Access National announced that it is closing its 3...
Tue, Apr 9 2013, 10:00 AM
Federal Reserve Chairman Ben Bernanke , speaking
at a Federal Reserve Bank of Atlanta sponsored conference on Monday said that
the use by the Fed o...
Tue, Apr 9 2013, 7:22 AM
Today begins 3 days of Treasury auction supply with 3yr Notes at 1pm. The need to accommodate that supply may have played into some of the weakness y...
Tue, Apr 9 2013, 5:31 PM
Freddie Mac and Fannie Mae (the GSEs) refinanced a total of 97,589 mortgages through the Home Affordable Refinance Program ( HARP ) in January compa...
Tue, Apr 9 2013, 4:12 PM
Treasuries looked like they were going to put in a nearly perfect repeat performance of yesterday's movements coming out of the 1pm hour (specifically...
Tue, Apr 9 2013, 3:07 PM
Fannie Mae's Servicer Total Achievement
and Rewards Program (STAR) hit a new milestone in 2012. For the first time since the award was initiated
in...
Tue, Apr 9 2013, 3:04 PM
Mortgage rates were only slightly higher today, after rising at their quickest pace in more than two weeks yesterday. Treasuries and MBS (the Mor...
Tue, Apr 9 2013, 2:26 PM
Homeowner beneficiaries of the recent
settlement agreement made by the Comptroller of the Currency (OCC) and the Federal
Reserve Board with 13 mortg...
Mon, Apr 8 2013, 12:32 PM
According to the U.S. Census Bureau fewer domestic households have debt, but those who do, have more of it. It's research team writes, "The percentage...
Mon, Apr 8 2013, 11:56 AM
It's been one of "those Mondays" so far with newswires and market movements struggling to keep market watchers entertained. That's a good thing in th...
Mon, Apr 8 2013, 11:23 AM
Americans' attitudes toward most key
housing measures remained stable between February and March. The National Housing Survey conducted monthly
b...
Mon, Apr 8 2013, 7:37 AM
Sometimes everything comes together just perfectly. Last week was one of those weeks as far as MBS were concerned with Friday's reaction to the Job's...
Mon, Apr 8 2013, 4:20 PM
MBS prices fell all the way to early Friday morning levels this afternoon as an average Monday morning got sloppy as the day progressed. The volume d...
Mon, Apr 8 2013, 2:19 PM
Mortgage rates rose moderately today for the first time in more than a week, marking at least a temporary end to the most aggressive move lower sin...
Fri, Apr 5 2013, 12:16 PM
The focal point of the week--this morning's Employment Situation report--fully delivered on its anticipated role as a big market mover. In this case,...
Fri, Apr 5 2013, 9:55 AM
Yesterday I was in Denver, speaking at the Colorado Mortgage Lenders Association, and, besides the increasing need for capital among lenders, the rumo...
