Fri, Sep 27 2013, 4:29 PM
Mortgage rates fell noticeably today, keeping
alive an impressive streak of 13 days without higher rates. Three out
of those 13 have been 'un...
Fri, Sep 27 2013, 2:03 PM
Commercial and multi-family mortgage
debt increased by $24.5 billion in the second quarter of 2013, with $10.9
billion of that being debt in the m...
Fri, Sep 27 2013, 1:26 PM
The Federal Housing Administration
(FHA) notified Congress this morning that, as had been rumored earlier in the
week, it will need to draw on its b...
Thu, Sep 26 2013, 12:56 PM
MBS opened just a tick under yesterday's latest levels and have
mostly moved weaker from there. Treasuries similarly started the day
just above y...
Thu, Sep 26 2013, 11:02 AM
As the National Association of Realtors®
(NAR) said it had anticipated, pending home sales eased in August falling what
may have been accelerated ac...
Thu, Sep 26 2013, 10:49 AM
The pre-foreclosure or "shadow inventory," that is
homes that are in the process of foreclosure, has fallen by over a third since
August of 2012 t...
Thu, Sep 26 2013, 10:42 AM
Does anyone really retire anymore? Most seem to adapt to re-careers,
heading off to other pursuits. But still plenty of U.S. citizens retire,
and ...
Thu, Sep 26 2013, 10:22 AM
Reuters and the Wall Street Journal are both reporting that the Department of
Housing and Urban Development (HUD) and its Federal Housing Administr...
Thu, Sep 26 2013, 8:00 AM
In a similar vein to yesterday's outlook, we're still on guard against
any potential jolts from stronger data. Anything else, however, is
friendl...
Thu, Sep 26 2013, 5:39 PM
Foreclosure starts in the
second quarter of 2013 were down to half the level of a year earlier the Office
of Comptroller of the Currency (OCC) said ...
Thu, Sep 26 2013, 5:21 PM
Freddie Mac's total mortgage portfolio
ended August with a principal balance of $1.93 trillion. This represented a 5.0 percent reduction from
the...
Thu, Sep 26 2013, 5:10 PM
Bond markets were slightly weaker heading into today's session and
extended the weakness by very small steps after the day's meaningful
events. T...
Thu, Sep 26 2013, 3:47 PM
Mortgage rates were unchanged today, keeping
them in line with the lowest levels in over three months. This is the
12th business day in a row...
Thu, Sep 26 2013, 1:04 AM
Distressed homes accounted for 25
percent of residential home sales in August, up 2 percentage points from
July. RealtyTrac, in its August U.S. ...
Wed, Sep 25 2013, 12:23 PM
Bond markets came into the domestic session in slightly weaker
territory, carrying some negative momentum from European hours. Volumes
were low, ...
Wed, Sep 25 2013, 11:28 AM
New home sales turned upward in August after an especially
poor showing in July, though remain well off levels from the first half of the year. Th...
Wed, Sep 25 2013, 10:45 AM
Incidents of mortgage
application fraud identified in the second quarter were less likely to be
property related and more likely to be tied to in...
Wed, Sep 25 2013, 10:29 AM
I didn't make it to the gym today. That makes five years in a row.
Speaking of five years, WAMU 's failure - the largest
commercial bank failur...
Wed, Sep 25 2013, 9:19 AM
Applications for both refinancing and
home purchase increased last week as mortgage interest rates retreated. The Mortgage Bankers Association (MB...
Wed, Sep 25 2013, 7:23 AM
Today
- Focus is on Durable Goods and New Home Sales in the AM.
- Either one could help reinforce a pause in the rally if stronger than expec...
Wed, Sep 25 2013, 5:42 PM
Coming out of last week's FOMC Announcement, it seemed almost too simple
to conclude that this it marked a solid opportunity for rates to stop
c...
Wed, Sep 25 2013, 4:02 PM
Mortgage rates fell to new 3-Month lows today. That makes this the 11th straight day where rates have held steady or moved lower. Conforming, 30...
Tue, Sep 24 2013, 12:36 PM
Fannie 4.0s are trading in territory not seen since we passed it on
the way down back on June 19th. Today's gains have been slow and
steady, once...
Tue, Sep 24 2013, 11:03 AM
Indices released
by two of the leading sources of home price information this morning confirm
the continued growth of home values in the U.S., at...
Tue, Sep 24 2013, 10:49 AM
Given the change in the MBA's logo, David Frase writes, "I love the
new MBa logo! It emphasizes the loss of 'capital' experienced by our
industry...
Tue, Sep 24 2013, 7:14 AM
To be fair to Monday, there wasn't much by way of 'drama' detectable
in trading levels. After some early gyrations, MBS were generally
moving hig...
Tue, Sep 24 2013, 6:36 PM
MBS hit 3-month highs today--levels not seen since we crashed into
them at the end of the day on June 19th. Fannie 4.0s made highs at
104-16 the ...
Tue, Sep 24 2013, 4:03 PM
Mortgage rates were lower yet again, making
for an astonishing 10th consecutive day without rates moving higher.
In the 13 days of rate sheet...
Tue, Sep 24 2013, 2:29 PM
There
are " Four Ds " that plague consumers, the Director of the Consumer Financial
Protection Bureau told an audience of Bankers on Tuesday; decep...
Mon, Sep 23 2013, 12:23 PM
Feeling
that they may have reached only about half of the families who could benefit
from the program, the Federal Housing Finance Agency (FHFA) ...
Mon, Sep 23 2013, 12:07 PM
The week got off to an expectedly slow start in terms of volume and volatility, with prices holding
near Friday's latest levels for the first few ho...
Mon, Sep 23 2013, 11:11 AM
As usual, we have some keen insights and observations about the residential lending biz worth sharing (along with vendor, agency, and investor updates...
Mon, Sep 23 2013, 10:22 AM
Phew! It turns out that the acronym for the Mortgage Bankers Association (of America) remains "MBA." MBa is just its logo .
Here is an interesting...
Mon, Sep 23 2013, 7:56 AM
Monday is the quietest day of the week in terms of scheduled economic
reports, though we will get several Fed speakers and second-tier
manufacturi...
Mon, Sep 23 2013, 5:14 PM
Mortgage rates continued lower today, bringing
rates in line with the lowest levels seen during the past 4 months
(officially, 6-week lows as ...
Mon, Sep 23 2013, 5:03 PM
Like
closed sales which were reported last week, pending real estate sales in
California dropped in August while distressed home sales were down...
Mon, Sep 23 2013, 4:40 PM
Several lenders were out with improved rate sheets this afternoon, as reported in real time by MBS Live
members. The underlying strength making su...
Mon, Sep 23 2013, 4:17 PM
A national law firm which frequently
analyzes actions either coming from or having an impact on the Consumer
Financial Protection Agency raised ques...
Mon, Sep 23 2013, 2:15 PM
Lender Processing Services (LPS) Home
Price Index (HPI) rose 0.6 percent in July compared to June. The index has increased 7.5 percent since the
...
Fri, Sep 20 2013, 10:18 AM
Whereas the National Association of Realtors has managed to have
everyone capitalize the job of their members (Realtor), the MBA (which
years ago ...
Fri, Sep 20 2013, 7:48 AM
Thinking about bond market trading levels in the context of "battle"
is fun. Analogies make technical concepts easier. So here's a brief
battle ...
Fri, Sep 20 2013, 4:53 PM
When we talk about consolidation, we're generally talking about MBS
Prices or interest rates moving counter, in some way, to a larger or
longer-te...
Fri, Sep 20 2013, 3:45 PM
Mortgage rates held steady today, keeping
them in line with the lowest levels seen since early August, and very
close to the lowest levels sin...
Fri, Sep 20 2013, 1:59 PM
The
National Association of Realtors ® (NAR) sent a strongly worded letter to Edward J. DeMarco , Acting
Director of the Federal Housing Finance A...
Fri, Sep 20 2013, 1:55 PM
On Thursday the Federal Housing Finance
Agency (FHFA) released the first Quarterly
Performance Report of the Housing GSEs. The
report summarizes...
Fri, Sep 20 2013, 1:37 PM
The number of companies licensed through
the National Mortgage Licensing System (NMLS) declined by 2.1 percent from the
second quarter of 2012 to ...
Fri, Sep 20 2013, 1:07 PM
With nothing on the calendar but Fed speakers and being a " quadruple witching "
day, we stood a chance to see some volatility this morning. So far...
Thu, Sep 19 2013, 12:22 PM
Existing home sales reached a six-and-a
half year peak in August, increasing 1.7 percent to a seasonally adjusted
annual rate of 5.48 million unit...
Thu, Sep 19 2013, 12:19 PM
It's been an interesting session so far. MBS came in the door in
line with yesterday's latest levels, digested an oddly flavored Jobless
Claims r...
Thu, Sep 19 2013, 11:01 AM
Welcome to "Talk Like a Pirate Day" , even held in Minnesota where I am heading today. Of course, 3.14159...% of sailors are Pi Rates .
Let's face...
