Wed, Mar 27 2013, 5:27 PM
The domestic hours, like so many past examples, turned out to be relatively contained by the time European markets had their say. This time, they sai...
Wed, Mar 27 2013, 4:13 PM
Mortgage rates moved lower today at their fastest pace in more than a week, bringing them in line with their lowest levels since last week's Cyprus...
Wed, Mar 27 2013, 4:03 PM
Pace Harmon an outsourcing advisory services firm, has prepared a memorandum for its clients suggesting strategies to manage forced placed insurance ...
Tue, Mar 26 2013, 12:00 PM
Something remarkable has happened. Well, it's remarkable relative to the recent trend of shunning domestic economic data in favor of European headlin...
Tue, Mar 26 2013, 11:08 AM
Remember in the "old days" when we didn't have government-sponsored refi programs like HARP? I seem to remember the rule of thumb being, "If you could...
Tue, Mar 26 2013, 10:52 AM
New home sales dropped in February to a seasonally
adjusted annual rate of 411,000 units.
This was down 4.6 percent from the revised rate in Jan...
Tue, Mar 26 2013, 10:39 AM
Average home prices increased in all 20 of
the cities tracked by the S&P/Case-Shiller Home Price Indices over the 12
months ended in January. Each...
Tue, Mar 26 2013, 10:18 AM
The so-called shadow inventory continues
to shrink and is now down 28 percent from its high point in January 2010. According to the January 2013...
Tue, Mar 26 2013, 9:07 AM
Another report, the third in a week, has been issued by the Federal
Housing Finance Agency's (FHFA) Office of Inspector General (OIG). The latest re...
Tue, Mar 26 2013, 7:27 AM
Monday saw MBS and Treasuries both end up at levels very close to Friday's close. In and of itself, that suggests the day was uneventful and sideways...
Tue, Mar 26 2013, 5:08 PM
Bond markets started out the session heading into weaker territory after a tepid, but moderately positive overnight session for European risk markets....
Tue, Mar 26 2013, 2:22 PM
Mortgage rates moved slightly higher today on average, though a few lenders were unchanged or marginally improved. Some released positively revise...
Mon, Mar 25 2013, 12:03 PM
Global markets reacted in a relatively predictable fashion following news late Sunday that Cyprus and the EU had reached a bailout agreement. Treasur...
Mon, Mar 25 2013, 11:02 AM
I am visiting Pennsylvania this week, from where I coincidentally received this note from a Realtor: "Rob, what's the scoop on Blackstone ?" I think ...
Mon, Mar 25 2013, 7:42 AM
Without any significant scheduled economic data, Monday provides an ideal opportunity to let European headline risk play out after a tentative Cyprus...
Mon, Mar 25 2013, 5:03 PM
There was a sense at the end of last week, looking back over the regular sideways trading patterns in bond markets, that we'd "been had," in a way. W...
Mon, Mar 25 2013, 3:40 PM
Equity sales , that is sales of
non-distressed properties, now constitute two-thirds of all home sales in California
compared to less than one-hal...
Mon, Mar 25 2013, 3:38 PM
Mortgage rates were, once again, unchanged in many cases today, though some lenders were slightly lower in cost than Friday's latest offerings. Tr...
Mon, Mar 25 2013, 1:05 PM
Were mid-level managers who essentially ran mortgage
securitization during the housing boom aware of the systemic risks occurring in
subprime po...
Fri, Mar 22 2013, 12:08 PM
From a market watching standpoint, today has been an example of one of the least stressful "headline risk" environments. Indeed, markets are highly r...
Fri, Mar 22 2013, 7:40 AM
Imagine riding a bike, or an equivalent rote gross motor activity involving the navigation of a certain path. In this example, we'll use the bike. N...
Fri, Mar 22 2013, 4:58 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Fri, Mar 22 2013, 2:37 PM
Mortgage rates were very close to unchanged today, though some lenders were in microscopically better territory than yesterday. Underlying market ...
Fri, Mar 22 2013, 1:25 PM
David Stevens, the president of the MBA, is on TV today talking about the undeniable housing recovery. But a lot of that is all-cash transactions. M...
Thu, Mar 21 2013, 12:45 PM
The overnight and domestic bumper crops of economic data were fairly uneventful in the a super-zoomed frame of reference and utterly flat in the bigge...
Thu, Mar 21 2013, 12:10 PM
Seventy-five percent of the metropolitan areas tracked by the National Association of Home Builders (NAHB) for the NAHB/First American Improving Mark...
Thu, Mar 21 2013, 12:00 PM
Sales of existing homes and their prices continued to rise in February affirming, according to the National Association of Realtors® (NAR) which rel...
Thu, Mar 21 2013, 11:14 AM
A survey by the National Association of
Home Builders (NAHB) has found that the size of a home preferred by home buyers
varies by age, race, and eth...
Thu, Mar 21 2013, 10:59 AM
The evaluation report released this
morning by the Federal Housing Finance Agency's (FHFA) Office of the Inspector
General (OIG) has triggered a ...
Thu, Mar 21 2013, 9:48 AM
Freddie Macs senior economists Frank E. Nothaft
and Leonard Kiefer said
in the company's March Outlook that "the continued strengthening of the econ...
Thu, Mar 21 2013, 9:36 AM
Freddie Mac owned or guaranteed 10.6 million mortgages
that were being serviced by third parties at the end of 2012. Servicer responsibilities incl...
Thu, Mar 21 2013, 7:37 AM
Thursday brings the most robust day of economic data of the week by far. There are Markit Purchasing Manager's Indexes all across the Eurozone during...
Thu, Mar 21 2013, 4:40 PM
This stuff is like candy! Markets just can't get enough of the endless barrage of Cyprus-related headlines. It hearkens back to the heady days of Gr...
Thu, Mar 21 2013, 3:57 PM
Residential home
builders are reporting that a lack of available labor is hampering new home
construction the National Association of Home Builder...
Thu, Mar 21 2013, 3:52 PM
I have a lot of pretty interesting Freddie & Fannie news below , but let's start with this note. "Rob, my ops folks complain about the oddest things....
Thu, Mar 21 2013, 3:47 PM
Mortgage rates moved gently higher today in what was more of an extension of yesterday afternoon's mortgage market weakness than anything to do wit...
Thu, Mar 21 2013, 2:42 PM
The
Center for Responsible Lending (CRL) has issued a critique and analysis of the
February 21 interim report on the National Mortgage Settlement ....
Wed, Mar 20 2013, 12:14 PM
Ellie
Mae's Origination Insight Report for
February noted a distinct drop in the share of loans originated for refinancing
during the month. A...
Wed, Mar 20 2013, 12:07 PM
There's been a bit of a lull in the action so far today--as one might reasonably expect given the upcoming FOMC Announcement, Forecasts, and press con...
Wed, Mar 20 2013, 10:16 AM
Freddie Mac has filed a complaint in
federal court in Alexandria, Virginia alleging that 15 banks , including Bank of
America, JP Morgan Chase, UBS...
Wed, Mar 20 2013, 9:22 AM
Applications for refinancing represented
75 percent of all mortgage activity last week compared to 76 percent the week
before according to the Wee...
Wed, Mar 20 2013, 7:03 AM
Another day, another chance to sit and wait for every little headline even remotely related to Europe and to assess whether or not it suggests a chang...
Wed, Mar 20 2013, 4:44 PM
Mortgage rates moved higher today for the first time in nearly two weeks. Although the changes in lenders' rate sheets versus yesterday were large...
Wed, Mar 20 2013, 4:28 PM
Almost all day long, markets did almost nothing, almost... Bond markets coped with an adjustment lower in price/higher in yield heading into the dome...
Wed, Mar 20 2013, 3:27 PM
Representatives Gary Miller (R-CA) and
Carolyn McCarthy (D-NY) have introduced legislation to increase the access of homebuilders
to credit . HR 1...
Wed, Mar 20 2013, 3:16 PM
The Federal
Housing Finance Agency's Office of Inspector General ( FHFA OIG ) released a
report today examining the recent changes to the Preferred ...
Wed, Mar 20 2013, 2:11 PM
I've been visiting Colorado this week, where some of the conversation involves yesterday's sentencing of two individuals for fraud. "The elaborate sch...
Wed, Mar 20 2013, 2:03 PM
Information received since the Federal Open Market Committee met in January suggests a return to moderate economic growth following a pause late last ...
Tue, Mar 19 2013, 12:21 PM
With all the potential change going on with Freddie & Fannie, some states may be taking things into their own hands - or trying to. For example, in Te...
Tue, Mar 19 2013, 12:06 PM
Domestic bond markets edged back into territory not seen since the week of the Italian election--the last major bullish event for Treasuries and MBS. ...
