Tue, Mar 19 2013, 11:39 AM
Rising home prices lifted 200,000 homes
into a positive equity position in the fourth quarter of 2012. A total of 1.7 million homes regained equit...
Tue, Mar 19 2013, 10:04 AM
Housing permits were issued in February at
a seasonally adjusted annual rate of 946,000, an increase of 4.6 percent from
January and 33.8 percent h...
Tue, Mar 19 2013, 7:26 AM
Heading into a week expected to be more focused on Wednesday's FOMC Announcement, press conference, and updated forecasts, we instead got treated to t...
Tue, Mar 19 2013, 4:28 PM
Headlines concerning the Cyprus bailout and it's various components streamed in at a healthy clip almost all day. As such, bond markets rallied almos...
Tue, Mar 19 2013, 3:34 PM
Mortgage rates moved lower today at a less aggressive pace than yesterday. We noted some stratification between lenders which is relatively common...
Tue, Mar 19 2013, 2:56 PM
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rates for most types of consumer loans were down slightly in February compared
to January and in every case were substantially below levels...
Tue, Mar 19 2013, 2:54 PM
Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency
(FHFA) told lawmakers on Tuesday that the role of housing finance reform sh...
Mon, Mar 18 2013, 12:38 PM
Bond markets rallied hard overnight on news that EU creditors seek to impose a levy on regular old private-sector bank deposits in Cyprus. 10's made ...
Mon, Mar 18 2013, 11:41 AM
The National Association of Home Builders (NAHB)/Wells Fargo
Housing Market Index, a measure of home builder confidence , slipped again in
March,...
Mon, Mar 18 2013, 9:26 AM
Nine state attorneys general have sent a
letter to President Obama, Senate Majority Leader Harry Reid and Senate
Minority Leader Mitch McConnell d...
Mon, Mar 18 2013, 7:37 AM
In the week just passed, US bond markets spent almost all waking moments attempting to consolidate in a range that included the weakest levels in almo...
Mon, Mar 18 2013, 4:25 PM
Overnight news regarding a bailout plan for Cyprus dominated trading in Asian and European hours as markets took flight from riskier assets (and from ...
Mon, Mar 18 2013, 3:10 PM
Mortgage rates moved lower today at their fastest pace since February 25th's Italian election stalemate. Today's move is also bigger than the enti...
Fri, Mar 15 2013, 11:51 AM
Everything was pretty quiet this morning with volume and momentum not
really making much of an appearance until the 9:30am opening bell for
equiti...
Fri, Mar 15 2013, 10:37 AM
What is " Jumpstart GSE Reform "? It is a new bill that requires the government to keep its mitts off of gfees. Odds of passage are unknown.
Here's...
Fri, Mar 15 2013, 6:37 AM
For third time in 4 days we've seen some compelling support come into
play in MBS and Treasuries. Not all of the support has come in at the
same ...
Fri, Mar 15 2013, 5:03 PM
MBS asked today's quadruple witching session: "et tu Friday?" but got the simple response: "nah, we're cool." So MBS just got up and walked away--hig...
Fri, Mar 15 2013, 4:06 PM
California house prices have now risen
on an annual basis for a full year according to the California Association of
Realtors® ( C.A.R. ). The med...
Fri, Mar 15 2013, 1:38 PM
Mortgage
rates improved modestly , capping a week that's seen rates
either move sideways or slightly lower every day. Today's stability and
u...
Thu, Mar 14 2013, 11:44 AM
At first glance--and especially if we focus only on domestic
hours--today's trading session is looking a lot like yesterday's in that
we moved rat...
Thu, Mar 14 2013, 11:20 AM
Foreclosure activity blipped up slightly
in February but continues to recede on a year over year basis. RealtyTrac, the Irvine California firm that...
Thu, Mar 14 2013, 11:19 AM
A bi-partisan group of Senators has
introduced legislation that would prohibit any increase in the guarantee fees
levied by Freddie Mac and Fannie...
Thu, Mar 14 2013, 7:37 AM
As we said in yesterday's recap, Wednesday was "refreshingly
straightforward," with the overnight data suggesting logically stronger
opening level...
Thu, Mar 14 2013, 5:23 PM
Turning to the production side of the equation, don't shoot the messenger - you can write to the authors of this comprehensive study that shows, ".....
Thu, Mar 14 2013, 4:38 PM
Whereas yesterday's session was straightforward in both European and
domestic hours today's was a bit more enigmatic. Reason being: we had a
fair...
Thu, Mar 14 2013, 4:09 PM
Mortgage
rates were flat for the third day in a row , despite strong
economic data and a weak 30yr Treasury Auction (two things that normally
...
Thu, Mar 14 2013, 1:53 PM
The Federal Housing Finance Agency
(FHFA) Office of Inspector General (OIG) has published an evaluation report
detailing Freddie Mac's involvement ...
Thu, Mar 14 2013, 1:24 PM
Representative Bill Huizenga, (R-MI) has introduced HR
1077, a bill To amend the Truth in Lending Act to improve upon the
definitions provided for ...
Wed, Mar 13 2013, 12:25 PM
The morning has been pretty straightforward
so far with a relatively positive overnight session getting a lift from
weaker European economic data...
Wed, Mar 13 2013, 11:53 AM
The Home Affordable Mortgage Refinancing Program ( HARP )
outperformed expectations in 2012 after enhancements to the program in late
2011 increas...
Wed, Mar 13 2013, 9:51 AM
Applications for mortgages decreased as
mortgage interest rates rose to recent highs during the week ended March
8. The Mortgage Bankers Associati...
Wed, Mar 13 2013, 7:37 AM
After two trading days that have been either devoid of market movers
or predominantly focused on overseas considerations, Wednesday offers a homeco...
Wed, Mar 13 2013, 4:54 PM
Today's session offered a refreshingly straightforward level of
connection between economic events and market movement. Even in the
overnight ses...
Wed, Mar 13 2013, 3:49 PM
Mortgage
rates were flat on average today, but continued to be
stratified depending on the lender. In other words, some rate sheets
were mod...
Wed, Mar 13 2013, 3:13 PM
A
new study has revealed some apparent differences in the success rate of female and
male mortgage applicants .
The Woodstock Institute, a non-...
Wed, Mar 13 2013, 2:58 PM
HOPE NOW reports that its members
completed 78,397 permanent loan modifications during the month of January and 29,244 short sales .
The volunt...
Tue, Mar 12 2013, 12:40 PM
The Federal Housing Finance Agency's (FHFA)
Office of the Inspector General (OIG) has issued a white paper detailing how
FHFA manages the interest ...
Tue, Mar 12 2013, 12:09 PM
Bond markets put in their best overnight gains in over a week this
morning and have managed to defend them into the domestic session.
German Bun...
Tue, Mar 12 2013, 11:30 AM
I am not an expert on appraisal requirements, but occasionally I am asked whether or not a refinance requires an appraisal. To the best of my know...
Tue, Mar 12 2013, 10:34 AM
VantageScore Solutions is releasing a new credit scoring
model which it says will enable lenders and others using the system to pull
scores on 27...
Tue, Mar 12 2013, 6:37 AM
With no major domestic or overseas economic data on tap and no game-changing headlines expected ,
yesterday's excruciatingly slow session may well ...
Tue, Mar 12 2013, 4:42 PM
Representative
Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee sent
a letter to Federal Reserve Board Chairman Ben Bern...
Tue, Mar 12 2013, 4:35 PM
If you're a fan of high MBS prices and low rates, how depressing is it
to consider that today's rally was the best we've seen in over two
weeks, l...
Tue, Mar 12 2013, 3:25 PM
Mortgage
rates are mixed to lower today, but some lenders are still in
worse shape than yesterday afternoon's latest offerings. This
stratif...
Mon, Mar 11 2013, 12:29 PM
When they asked Michelangelo how he made his statue of David he is reported to have said, "It is easy. You just chip away the stone that doesn't look ...
Mon, Mar 11 2013, 12:09 PM
Not to be outdone by millions of Americans lamenting Daylight Savings Time, bond
markets haven't merely slept in an extra hour, but simply haven't s...
Mon, Mar 11 2013, 10:24 AM
Bank of America/Merrill
Lynch said the
initial headlines about the new entity aroused fears that there might be a near-term phase-out
of existing a...
Mon, Mar 11 2013, 7:37 AM
After Friday's NFP-inspired sell-off, bond markets will be faced with the choice this week to continue to push the pace of the longer term trend high...
Mon, Mar 11 2013, 4:47 PM
There's no denying that it's a bit harder than average to get out of bed
on the Monday following "spring forward," but bond markets seem to have
a...
Mon, Mar 11 2013, 4:12 PM
Mortgage
rates are very slightly lower in many cases after surging on
Friday to the highest levels in nearly 10 months. That said, some
lend...
