Mon, Mar 11 2013, 1:29 PM
Risk profiling of mortgage license holders was one of the
focuses of 2012 activity by the Multi-State Mortgage Committee (MMC) of the Conference
...
Mon, Mar 11 2013, 1:09 PM
Federal Reserve Board Governor Elizabeth A. Duke strongly
endorsed the Board's current monetary policy in a speech to the Mortgage
Bankers Associa...
Fri, Mar 8 2013, 12:29 PM
The morning thus far has been a fairly straightforward sell-off in
response to much stronger-than-expected labor market data from this
morning's E...
Fri, Mar 8 2013, 12:26 PM
The three major private mortgage
insurers participated in the modification of 5,791 mortgages through the Home
Affordable Modification Program (...
Fri, Mar 8 2013, 11:08 AM
According to the Wall Street Journal , Senator Ron Wyden (D-OR) has sent a letter to
the Department of Justice requesting an investigation of Len...
Fri, Mar 8 2013, 10:44 AM
Andrew Jackson's portrait is on the $20 bill of the United States - we know that. But what many people don't know is that for years, and perhaps to th...
Fri, Mar 8 2013, 9:38 AM
The Federal Reserve has completed its
third round of stress tests of American banks.
The tests originated in 2009 in the midst of the financial c...
Fri, Mar 8 2013, 7:14 AM
Bond markets traded poorly on Thursday, sliding back to their weakest
territory since before the Italian election. In the intervening time,
thing...
Fri, Mar 8 2013, 5:00 PM
Yesterday, we noted that Jobless Claims and
Mario Draghi's press conference delivered a one-two punch to the hopes
of sustaining recently improved...
Fri, Mar 8 2013, 4:06 PM
The
U.S. Department of Housing and Urban Development (HUD) and the U.S. Department
of the Treasury today released the February edition of the Obama
...
Fri, Mar 8 2013, 2:59 PM
Mortgage
rates vaulted higher today at their fastest pace since late
January, after the Employment Situation showed an unexpectedly high
numb...
Thu, Mar 7 2013, 12:35 PM
The overnight price action wasn't particularly interesting and
certainly failed to adhere to any of the recent patterns of flatness in
Asian marke...
Thu, Mar 7 2013, 11:55 AM
"Despite fiscal headwinds and political
uncertainty, consumer sentiment toward housing is robust and continues to
gather strength," said Doug Dun...
Thu, Mar 7 2013, 7:49 AM
Markets have quickly gotten back in position ahead of the ECB, ready to
"forget" about Italy (or "be reassured" about Italy,
perhaps)--essentially...
Thu, Mar 7 2013, 4:29 PM
It's happened before and it will happen again in all likelihood, it will
happen again. ECB meetings tend to fall on the first Thursday of the
mon...
Thu, Mar 7 2013, 3:57 PM
The Lender Processing Services (LPS)
Mortgage Monitor for January which was released on Thursday takes a detailed
look at what it calls the "Time to...
Thu, Mar 7 2013, 3:22 PM
Mortgage
rates moved relentlessly higher for the fourth straight day
on Thursday, bringing them close to the seven month highs last seen in
m...
Wed, Mar 6 2013, 11:58 AM
Following last week's post-Italian election rally, which left MBS and Treasuries at the week's best levels by Friday afternoon,
this week has been a...
Wed, Mar 6 2013, 10:31 AM
The growth of foreign-born households accounted for
a major share of the growth in homeownership in many states over the first
decade of the centu...
Wed, Mar 6 2013, 10:08 AM
Both mortgage applications and
interest rates moved sharply during the week ended March 1. The Mortgage Bankers Association (MBA)
reported th...
Wed, Mar 6 2013, 6:37 AM
With two trading days down so far this week, bond markets have shown
their cards, or at least that's what they want us to think. The "cards"
in q...
Wed, Mar 6 2013, 5:01 PM
In the title, the word "week" actually refers a whole week's worth of
trading sessions, and another day and a half on top of that. In other
words...
Wed, Mar 6 2013, 4:35 PM
Liquidity is a very important issue, and in fact some say liquidity is more important than credit for the lending industry . When the liquidity crisi...
Wed, Mar 6 2013, 2:25 PM
Mortgage
rates continued higher for the third straight day on
Wednesday, bringing them back above levels last seen on Monday, February
25th. ...
Tue, Mar 5 2013, 11:55 AM
Today, Fannie Mae announced Servicer Total Achievement and Rewards TM (STAR TM )
Program's Scorecard results for 2012. The program measures servic...
Tue, Mar 5 2013, 11:46 AM
Commercial and multi-family delinquency rates
of 60+ days decreased in the fourth quarter for all five major investor groups that
hold the loans, bu...
Tue, Mar 5 2013, 11:39 AM
The overnight session was a fairly straightforward affair with
reasonable strong economic data in Europe, plus some marginally
reassuring Italian ...
Tue, Mar 5 2013, 11:38 AM
"The HPI showed strong growth during the typically slow winter
season," said Mark Fleming, chief economist for CoreLogic. "With these gains,
the hou...
Tue, Mar 5 2013, 10:58 AM
The QM, which was
issued by CFPB on January 10, sets the standard for fully documented and
soundly underwritten mortgage products.
The QRM will de...
Tue, Mar 5 2013, 9:48 AM
Edward J. DeMarco announced that the Federal Housing Finance
Agency plans to establish a new entity, independent of Fannie Mae and Freddie
Mac (GSE...
Tue, Mar 5 2013, 6:37 AM
On most weeks, it would be fair to assume that whatever the overall pace
and importance of economic data might be, that it would begin building
ri...
Tue, Mar 5 2013, 4:15 PM
Even as stock markets made new highs (either 5yr+ in terms of the
S&P or "all-time" in terms of the Dow), bond markets held on to the
same old "Po...
Tue, Mar 5 2013, 3:39 PM
Mortgage
rates moved slightly higher again on Tuesday, continuing a
gentle drift higher from the lowest levels in several weeks on Friday.
W...
Tue, Mar 5 2013, 3:34 PM
Yes, the government controls both the supply and demand of agency MBS , but on the demand side we are watching the re-emergence of REITs. Last week w...
Tue, Mar 5 2013, 3:24 PM
The Mortgage Bankers Association (MBA) has
reacted harshly to an announcement made yesterday by Edward J. DeMarco, Acting
Director of the Federa...
Mon, Mar 4 2013, 11:36 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Mon, Mar 4 2013, 10:40 AM
With the change of clocks ahead of us this weekend, let's ease into the work week and put this Girl Scout cookie issue to rest once and for all. Bes...
Mon, Mar 4 2013, 7:51 AM
This week serves as something of a crossroads for bond markets
with respect to the longer term move higher in yields that began in the
summer of...
Mon, Mar 4 2013, 4:25 PM
The earlier recap referred to today as an 'extended weekend,' and that
continued to be unofficially the case for the rest of the session.
Dependi...
Mon, Mar 4 2013, 2:15 PM
Mortgage
rates moved slightly higher in most cases on Monday, though
some lenders were essentially unchanged from Friday's latest offerings.
...
Fri, Mar 1 2013, 12:03 PM
The tone was decidedly weaker earlier in the morning as equities markets
rose steadily from 9:40am. Treasuries began the day in significantly
stro...
Fri, Mar 1 2013, 11:06 AM
Freddie Mac's net income increased by 55 percent in the
fourth quarter of 2012 primarily due to a decrease in newly delinquent loans
and an improve...
Fri, Mar 1 2013, 10:05 AM
Reuters is reporting that Bank of
America (BOA) is the subject of yet another investigation. New York State Attorney General Eric
Schneiderman is...
Fri, Mar 1 2013, 7:37 AM
Thursday made it clear that bond markets don't want to be here any more this week, nor do MBS. The longer term view of markets paints a picture of ...
Fri, Mar 1 2013, 4:35 PM
Heading into today, we characterized the prevailing range this week as
compelling, and that it would need to be confronted with a serious
surprise...
Fri, Mar 1 2013, 2:48 PM
Mortgage
rates edged gently lower on Friday , bring to a close their
best week since mid-January. The catalyst for the relatively more
positi...
Thu, Feb 28 2013, 12:16 PM
MBS are currently showing their appreciation for Treasuries to hold the
line at yesterday afternoon's highs. In general, the faster the pace
and ...
Thu, Feb 28 2013, 10:03 AM
Nearly one million properties that were
either bank-owned (REO) or in some stage of foreclosure sold to new owners in
2012 according to RealtyTrac'...
Thu, Feb 28 2013, 6:37 AM
It's a bit of a predicament that bond markets find themselves in at the
moment, having looked very serious about breaking the recent trend
higher ...
Thu, Feb 28 2013, 4:42 PM
Flatness... That would be the best characterization for today's range
in MBS. Even as Treasuries and equities futures whipped around mildly
befo...
