Wed, Feb 20 2013, 7:18 AM
Here's another one of those sessions where a big-ticket market event
has lots of potential to move markets, but no obligation to do so.
Since N...
Wed, Feb 20 2013, 6:10 PM
Bond markets continued to heal after dodging a few of the same
old bullets from FOMC Minutes. This time around, ongoing QE expectations
were calle...
Wed, Feb 20 2013, 4:53 PM
Mortgage
rates avoided the larger-scale swings that they might have considering the important data on tap today. Instead, they merely began the ...
Tue, Feb 19 2013, 11:59 AM
Bond markets traded fairly well overnight and remained in an exceedingly
narrow range throughout. Both MBS and Treasuries hit New York just
barely...
Tue, Feb 19 2013, 11:05 AM
According to the National
Association of Home Builders (NAHB), its NAHB/Wells Fargo Housing Market Index
(HMI) for February was virtually unchange...
Tue, Feb 19 2013, 10:58 AM
Three researchers have looked at private label residential mortgage-backed securities sold to investors in 2007 and concluded there was substantial...
Tue, Feb 19 2013, 10:37 AM
Yesterday the commentary had some statistics on Florida lagging in price appreciation, which many attribute to the " judicial versus non-judicial " fo...
Tue, Feb 19 2013, 7:50 AM
Friday started simply enough with MBS and Treasuries relatively in
line with Thursday's latest levels, but bond markets soon began giving
up groun...
Tue, Feb 19 2013, 4:29 PM
There wasn't much going on today. This includes the overnight session, the morning "busy" hours (when Europe is still trading a nd the domestic se...
Tue, Feb 19 2013, 3:52 PM
Mortgage
rates began the day flat to slightly lower before market
weakness in the afternoon caused many lenders to release negatively
revised...
Tue, Feb 19 2013, 3:16 PM
Just a little over a year after the Home
Affordable Refinance Program (HARP) was substantially revised into HARP 2.0 it
has reached nearly as many h...
Fri, Feb 15 2013, 11:28 AM
Quite simply, MBS are right back in line with the center of yesterday morning's trading range. While this is technically "bad" because it keeps price...
Fri, Feb 15 2013, 10:43 AM
I receive a lot of questions , some very specific and others very broad reaching. These two have implications that our industry should think about:
...
Fri, Feb 15 2013, 10:04 AM
Three
of the senators who helped frame parts of the Dodd-Frank Wall Street
Reform and Consumer Protection Act in 2010 have again written to financia...
Fri, Feb 15 2013, 7:37 AM
Thursday, with it's 30yr Bond Auction and survey week Jobless Claims numbers, stood a decent chance the break the recent monotony for broader bo...
Fri, Feb 15 2013, 1:36 PM
Mortgage rates moved modestly higher for some lenders today, while others remained closer to unchanged territory. Following Wednesday's swing to 6-mo...
Thu, Feb 14 2013, 11:41 AM
A good measure of weakness worked its way through bond markets early in the overnight session. Asian market hours saw 10yr yields climb over 2.06 bri...
Thu, Feb 14 2013, 11:40 AM
While I sit here kicking myself for not owning the stock in catsup maker Heinz (up 20% this morning because of being purchased by Berkshire Hathaway),...
Thu, Feb 14 2013, 11:04 AM
Foreclosure
activity in much of the nation now appears to be accelerating downward,
dropping 7 percent in a single month according to RealtyTrac....
Thu, Feb 14 2013, 7:37 AM
This morning's Jobless Claims numbers are from the same week that the survey for next month's NFP numbers is being conducted. As such, a big miss or ...
Thu, Feb 14 2013, 4:30 PM
Even with the
unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of
2012, Freddie Mac's chief economist Frank
E. Notha...
Thu, Feb 14 2013, 4:18 PM
Treasury yields rose into scary territory overnight and remained fairly scary even in the morning hours as 10's pushed up over 2.05 after the stronger...
Thu, Feb 14 2013, 3:18 PM
Mortgage rates moved slightly lower this afternoon after beginning the day in line with yesterday's worst levels of the year. Things looked relati...
Wed, Feb 13 2013, 12:17 PM
Bond markets were against the ropes from the outset this morning as a healthy clip of overnight data and events in Europe pressured safe-haven German ...
Wed, Feb 13 2013, 11:22 AM
The talk in the halls here in Houston at the Texas Mortgage Bankers Association secondary conference is about a) diminishing margins for 2013, and b...
Wed, Feb 13 2013, 8:37 AM
As rates rose the volume of mortgage
applications fell during the week ended February 8 according to the Mortgage
Bankers Association's (MBA) Week...
Wed, Feb 13 2013, 7:31 AM
The afternoon's top tier event arrives at 1pm with the 10yr Treasury Auction. Given the recently more rapid evolution of the yield curve, markets may...
Wed, Feb 13 2013, 5:05 PM
It's interesting to consider that today's weakness was essentially present from the outset ("interesting" in an awful, painful sort of way). In anoth...
Wed, Feb 13 2013, 4:13 PM
Mortgage rates surged higher at their quickest pace since late January on Wednesday eclipsing the previous highs of the year seen around the same t...
Wed, Feb 13 2013, 4:05 PM
NAHB
Chairman Rick Judson said the
nation's home builders were very pleased to hear President Obama acknowledge the
extremely tight mortgage credi...
Wed, Feb 13 2013, 3:43 PM
On Wednesday the
House Financial Services Committee held a second in a scheduled series of hearings to look
into the financial condition of the Fed...
Wed, Feb 13 2013, 3:18 PM
The
Consumer Financial Protection Bureau ( CFPB ) today announced five steps it will
take to assist the mortgage industry to comply with new consu...
Wed, Feb 13 2013, 2:43 PM
A consortium of consumer advocates is criticizing a recent decision by the
Federal Housing Finance Agency (FHFA) regarding Fannie Mae's attempt to ...
Tue, Feb 12 2013, 11:47 AM
Euros surged in the early AM, setting the tone for Treasuries and equities, which looked willing to head in either direction until then. Domestic trad...
Tue, Feb 12 2013, 10:22 AM
TransUnion said today that the serious mortgage
delinquency rate is heading downhill at a quickening pace, however long term
delinquencies and the...
Tue, Feb 12 2013, 7:30 AM
There remains zero on tap in terms of domestic economic data (unless you're a deep thinker on labor markets and want to count the Job Openings and Lab...
Tue, Feb 12 2013, 6:25 AM
"Rob, where's a good place to learn about the new FHA MIP structure, and the possible implication for Ginnie securities?" Good question, especially si...
Tue, Feb 12 2013, 5:37 PM
Freddie Mac borrowers who refinanced
in the fourth quarter of 2012 overwhelmingly picked a fixed rate mortgage (FRM)
and 27 percent of them chose ...
Tue, Feb 12 2013, 4:26 PM
MBS prices were slightly lower out of the gate this morning as markets whipped around on a moderate resurgence of tradeflows after weather and holiday...
Tue, Feb 12 2013, 3:30 PM
Mortgage rates continued to inch lower on Tuesday as part of a two day move back down from recent highs. The change in rates compared to yesterday...
Tue, Feb 12 2013, 3:29 PM
The
credit reporting industry's trade group, the Consumer Data Industry Association
(CDIA) is vigorously disputing much of a CBS 60 Minutes (w...
Mon, Feb 11 2013, 12:12 PM
Citing the overhang of distressed homes as a major stumbling block to recovery, a Nevada official is proposing a new program for reducing it. Accor...
Mon, Feb 11 2013, 11:44 AM
Whether we're talking about ceilings in terms of MBS prices or floors in terms of Treasury yields, the specific cross-section of "bond markets" we're ...
Mon, Feb 11 2013, 11:42 AM
HOPE NOW , the voluntary, private
sector alliance of mortgage servicers, investors, mortgage insurers and non-profit
counselors, has now helped over...
Mon, Feb 11 2013, 11:04 AM
Home
prices in the fourth quarter of 2012 showed a rate of annual appreciation
greater than in any quarter since the end of 2005 the National Ass...
Mon, Feb 11 2013, 10:56 AM
This is the second of two installments ( part 1 )
summarizing a seminar given by Ballard Spahr, a national law firm, to explain
the possible ramific...
Mon, Feb 11 2013, 8:07 AM
After a reasonable amount of weakness in the morning, broader bond markets were able to ratchet down to some of their best levels since January 25th ...
Mon, Feb 11 2013, 4:18 PM
By the time it's over, today will be close to the slowest day of the year. Asia was out due to holidays in Japan and China. Europe was fairly quiet an...
Mon, Feb 11 2013, 3:18 PM
Mortgage rates backed down from recent highs to begin the week, with moderate improvements to the costs associated with prevailing rates. This mea...
Mon, Feb 11 2013, 2:23 PM
A recent
spate of large loan servicing transfers has prompted the Consumer Financial
Protection Bureau ( CFPB ) to issue a bulletin advising servi...
