Thu, Jan 31 2013, 11:13 AM
The December Mortgage Monitor
report released by Lender Processing Services and covering performance data for
the full 2012 calendar year , found t...
Thu, Jan 31 2013, 9:55 AM
Lender
Processing Services will pay an aggregated sum of $127 million to
resolve suits with 46 states and the District of Columbia arising out of...
Thu, Jan 31 2013, 9:50 AM
RealtyTrac, the Irvine, California firm that tracks
foreclosure activity nationwide, reports that foreclosure activity increased
last year in 57 ...
Thu, Jan 31 2013, 7:44 AM
Sometimes opening acts are surprisingly entertaining, or perhaps even moving. But more often than not, the headliner is what you came to see and the ...
Thu, Jan 31 2013, 7:32 AM
By the time we reach the Friday of an NFP week, there's little else left to say or do besides wait for 8:30am. That's made doubly true this week due ...
Thu, Jan 31 2013, 4:54 PM
Unlike some pre-NFP Thursdays, which start to exhibit some sort of "lead-off" in either direction, today's was poster child for "calm before the storm...
Thu, Jan 31 2013, 4:07 PM
Mortgage rates were very slightly lower in most cases, making for marginal improvements in borrowing costs within the confines of recently higher i...
Thu, Jan 31 2013, 3:32 PM
Detroit...near bankruptcy ? But many areas are doing well. As housing in established urban neighborhoods becomes ever rarer and more expensive, buyer...
Thu, Jan 31 2013, 3:21 PM
Homeowners
whose homes were damaged by the late October super-storm Sandy are getting an
extension of the mortgage relief extended immediately a...
Wed, Jan 30 2013, 12:03 PM
Bond markets had done a somewhat decent job of clawing back from overnight weakness by the time the domestic session got underway. The stronger-than-...
Wed, Jan 30 2013, 10:28 AM
Super Bowl XLVII, between the Baltimore Ravens and the San Francisco 49ers, will be played Feb. 3 at the Superdome, which will be the 10th time the Su...
Wed, Jan 30 2013, 9:46 AM
After a strong showing in the first few
weeks of the New Year, mortgage applications dropped sharply during the week
ended January 25. The Mortga...
Wed, Jan 30 2013, 5:04 PM
It was quite the odd FOMC Announcement day... Here we were, planning on the week's biggest TWO events being today's FOMC Announcement and Friday's NF...
Wed, Jan 30 2013, 4:07 PM
Mortgage rates began the day at broadly higher levels, as bond markets moved higher in yield overnight and again after the morning's economic data...
Wed, Jan 30 2013, 3:15 PM
Federal Housing Administration
Commissioner Carol Galante has just announced several significant changes to
FHA requirements, processes, and fees ...
Wed, Jan 30 2013, 2:20 PM
Information received since the Federal Open Market Committee met in December suggests that growth in economic activity paused in recent months, in lar...
Tue, Jan 29 2013, 10:59 AM
Huh? "Fannie Mae and Freddie Mac will let some borrowers who kept up payments as their homes lost value erase their debts by giving up the propertie...
Tue, Jan 29 2013, 10:43 AM
The S&P/Case Shiller Home Price Indices posted
another set of strong and broad-based annual increases in November 2012. Data released today shows ...
Tue, Jan 29 2013, 9:15 AM
Freddie Mac and Fannie Mae have written a new escape
clause into servicing regulations for homeowners who are both underwater and
struggling to meet...
Tue, Jan 29 2013, 7:44 AM
Yesterday we noted that it was " almost an insult " to look out on the day ahead in terms of the events on the calendar when tradeflows and technica...
Tue, Jan 29 2013, 7:07 AM
10yr yields breaking above 2.0% was a concern for MBS market participants because of the way they adjust their portfolios to account for anticipated d...
Tue, Jan 29 2013, 6:30 PM
Whether or not we agree that the " Great Rotation " will continue to, well... rotate, its inherent themes have been playing out in markets daily. Tod...
Tue, Jan 29 2013, 4:37 PM
Mortgage rates began the day much improved compared to Monday's latest offerings, but the gains mostly evaporated by the end of the session. The m...
Tue, Jan 29 2013, 1:19 PM
MBS Live : MBS Morning Market Summary
Treasuries were slightly weaker during the first part of the overnight session, but stayed under Mond...
Mon, Jan 28 2013, 11:50 AM
"I have a switch in my apartment that doesn't do anything. Every once in a while I turn it on and off. One day I got a call from a guy in France who s...
Mon, Jan 28 2013, 11:46 AM
The only thing we can be sure of at the moment is that bond markets are in weaker territory. They were weaker overnight. They were incrementally wea...
Mon, Jan 28 2013, 10:49 AM
Even though contract signings declined
in December it was the 20 th straight month where pending home sales increased
on an annual basis. The Na...
Mon, Jan 28 2013, 7:49 AM
For bond markets, and even markets in general, things don't get much busier than they will be this week in terms of economic data, potential market mo...
Mon, Jan 28 2013, 4:26 PM
Bond markets began the session in incrementally weaker territory than Friday afternoon after having held mostly steady in Europe and Asia. Bigger mov...
Mon, Jan 28 2013, 3:02 PM
The managing director of the mortgage-backed securities (MBS) desk at
Jefferies and Co. has been charged with fraud for allegedly lying about the...
Mon, Jan 28 2013, 2:26 PM
Mortgage rates moved sharply higher again on Monday, in a continuation of Friday's aggressive weakness ( Get Caught Up With Friday's Big Moves ...
Fri, Jan 25 2013, 12:06 PM
As opposed to one of those enigmatic trading days where MBS and Treasuries are moving rapidly in either direction without clearly being associated to ...
Fri, Jan 25 2013, 11:02 AM
Sales of new
homes fell in December, down 7.3 percent from November to a seasonally adjusted
annual rate of 369,000. This is 8.8
percent higher...
Fri, Jan 25 2013, 9:47 AM
Why do they call them buildings, when they are already done building them? Why not call them "crumblings" or "builts"? "I live in that Crumbling over...
Fri, Jan 25 2013, 9:34 AM
Eminent Domain
is no longer under consideration as a mortgage modification tool in San
Bernardino County California . The County
and two of its ...
Fri, Jan 25 2013, 7:06 AM
Two Thursdays in a row have offered downside surprises for Jobless Claims, resulting in downside days for bond markets. It wasn't the end of the worl...
Fri, Jan 25 2013, 4:49 PM
Overnight, the ECB reported on the LTRO repayments for the first time since handing out the cheap 3-yr loans in late 2011. It turns out more than hal...
Fri, Jan 25 2013, 2:30 PM
Mortgage rates skyrocketed to their highest levels since August on Friday, both as a part of an ongoing move higher that began yesterday and more ...
Fri, Jan 25 2013, 1:50 PM
The U.S. Court of Appeals for the District of
Columbia just ruled that three recess appointments made by President Barack
Obama last year are con...
Thu, Jan 24 2013, 12:31 PM
The Joint Center for Housing Studies at Harvard University released this week a major report on the home remodeling industry . The U.S. Housing St...
Thu, Jan 24 2013, 12:03 PM
Sadly, our preoccupation with the "one week anniversary" of last week's Jobless Claims sell-off, turned out to be somewhat prophetic this morning as w...
Thu, Jan 24 2013, 11:28 AM
The economists
at Fannie Mae released their first economic forecast of 2013 and introduced their
theme for the New Year, " Transition to Normal ...
Thu, Jan 24 2013, 11:07 AM
Frequent air travelers know that FAA rules say that, "Arrival delay equals the difference of the actual arrival time minus the scheduled arrival time....
Thu, Jan 24 2013, 7:42 AM
Last Thursday was the worst day for bond markets since the first trading day of 2013, when markets were reacting to Fiscal Cliff developments after a ...
Thu, Jan 24 2013, 4:28 PM
There was a chart in the morning commentary ( THIS one, actually) that showed a long term downtrend in MBS prices as well as a few horizontal levels....
Thu, Jan 24 2013, 3:27 PM
Mortgage rates bounced back from a few days of moderate improvements today. Lenders typically don't release their first rate sheets of the day ...
Thu, Jan 24 2013, 2:26 PM
President Obama
has named Mary Jo White to head the Securities and Exchange Commission (SEC) and
reappointed Richard Cordray as Director of the Co...
Thu, Jan 24 2013, 2:06 PM
It appears that one of the nation's largest and most
troubled housing markets is getting back to normal. According to data released by DataQuick, No...
Wed, Jan 23 2013, 12:13 PM
After improving moderately in the overnight session, there hasn't been much by way of major market-moving data. The morning's only scheduled econ--FH...
Wed, Jan 23 2013, 10:29 AM
House prices
increased nationally by 0.6 percent from October to November on a seasonally
adjusted basis according to the Federal Housing Finance A...
