Wed, Jan 23 2013, 10:02 AM
Three economists
told attendees at the International Builders Show that the housing market
should continue to improve on an accelerating basis in 2...
Wed, Jan 23 2013, 9:44 AM
Lender
Processing Services has provided advanced highlights of data being prepared for
its Monthly Monitor for December. The Monitor ,
which wi...
Wed, Jan 23 2013, 9:20 AM
The Mortgage
Composite Index, a measure of mortgage loan application volume , was up
significantly during the week ended January 18, its second str...
Wed, Jan 23 2013, 7:31 AM
Strange things are happening in Washington, or at least that's what we're meant to believe. If the Fiscal Cliff debate was any indication, then we we...
Wed, Jan 23 2013, 4:42 PM
Today saw the passage of the House bill to extend the Debt Ceiling deadline, which moves on to a Senate that's already indicated they'll send it to th...
Wed, Jan 23 2013, 4:00 PM
Mortgage rates were more unified in their improvements today after beginning the week rather equivocally on Tuesday. Most lenders offered improved...
Wed, Jan 23 2013, 1:35 PM
In this third installment summarizing a Getting on the Right Track: Improving Low-Income and Minority Access to Mortgage Credit after the Housing Bust...
Tue, Jan 22 2013, 12:02 PM
MBS began the day in weaker territory, though still in line with the lows from the narrow end of Friday's range. Treasuries chopped around in a reaso...
Tue, Jan 22 2013, 11:28 AM
Existing homes sold
in December at a seasonally adjusted annual rate of 4.94 million homes according
to the National Association of Realtors®.
Th...
Tue, Jan 22 2013, 10:13 AM
"Why don't cannibals eat divorcees? They're bitter." The jumbo lending market in Florida sure is becoming less bitter for lenders.
And on the r...
Tue, Jan 22 2013, 9:46 AM
In a recent paper entitled, Getting
on the Right Track: Improving Low-Income and Minority Access to Mortgage Credit
after the Housing Bust the H...
Tue, Jan 22 2013, 7:40 AM
With around one month left before hitting the debt ceiling, markets were geared up for a sideways grind, dominated by political uncertainty. Much lik...
Tue, Jan 22 2013, 4:28 PM
German economic sentiment data came in at the highest levels since May 2010... The House may pass legislation to extend the debt ceiling deadline unt...
Tue, Jan 22 2013, 3:50 PM
A senator has
asked federal banking regulators to simplify and align underwriting standards
for so-called Qualified Residential Mortgages (QRM) ...
Tue, Jan 22 2013, 3:22 PM
Mortgage rates were mixed, leaning toward slightly improved to begin the holiday-shortened week. Several lenders' rate sheets were slightly worse ...
Tue, Jan 22 2013, 1:20 PM
The Harvard Joint Center of Housing Studies recently released a study on the impact of the housing crisis on low-income and minority communities a...
Mon, Jan 21 2013, 3:30 PM
So is the free refi boom over? Not quite, but we're getting close. Below I explain, first by defining "free refi," then by offering some rate market c...
Sat, Jan 19 2013, 1:30 PM
The vast majority of people always need money, and always wants loans - of varying rates and from various sources. So does prohibiting banks from doin...
Fri, Jan 18 2013, 11:55 AM
After moving to disconcertingly weak levels in the Asian session, bond markets rallied back during European hours, ultimately coming in the door sligh...
Fri, Jan 18 2013, 9:55 AM
Here's your reminder for the weekend. Go out and buy some "Forever Stamps" during lunch or tomorrow (assuming your local post office is still open Sat...
Fri, Jan 18 2013, 7:10 AM
Every so often we're reminded that financial markets are staffed by real people, and depending on how it turns out, Friday could be one of those days....
Fri, Jan 18 2013, 4:45 PM
Today served the purpose we were hoping to see it serve. Volume fell, prices rose, and we were left with the sense that Thursday was in fact the last...
Fri, Jan 18 2013, 4:01 PM
The fourth and last of the final regulations
coming from the Consumer Financial Protection Bureau under the Dodd-Frank Wall
Street Reform and Financ...
Fri, Jan 18 2013, 3:07 PM
Mortgage rates were completely unchanged on Friday standing in stark contrast to Thursday's sharp move higher. While there were several lenders wh...
Fri, Jan 18 2013, 1:09 PM
Eighteen months after the Dodd-Frank Wall Street Reform
and Consumer Protection Act was passed, the rules shaping its implementation
have begun to r...
Thu, Jan 17 2013, 12:16 PM
Permits for construction of privately owned housing units increased
slightly in December while housing starts had a stronger showing according to
d...
Thu, Jan 17 2013, 12:09 PM
While bond markets haven't fallen back to this morning's lows, neither MBS or Treasuries have been able to make it back across technical resistance le...
Thu, Jan 17 2013, 11:32 AM
In remarks to a Mortgage Servicing Field Hearing this morning, Richard Cordray, Director of the Consumer Financial
Protection Bureau (CFPB), announc...
Thu, Jan 17 2013, 10:32 AM
There
were a total of 2,304,941 foreclosure filings in the United States in 2012
affecting 1,836,634 properties or one in every 72 residential u...
Thu, Jan 17 2013, 10:08 AM
"How many houses for so little money? And what kind of article mentions 'Long Island, mink farmers, and Blackstone' in the first few lines?" He rubbed...
Thu, Jan 17 2013, 7:40 AM
Markets have been surprisingly well behaved since opening the year with an ugly little sell-off. Treasuries have been following stocks through earnin...
Thu, Jan 17 2013, 4:59 PM
After Japan's Economy Minister said the Yen had room to move up to 100.0 before becoming problematic, overnight markets started moving higher in rate....
Thu, Jan 17 2013, 4:00 PM
Mortgage rates shot higher on Thursday matching the quickest pace of the past several months seen at the beginning of January. Although rates didn...
Thu, Jan 17 2013, 1:29 PM
Negative and near-equity numbers in the
U.S. are diminishing steadily according to data released today by CoreLogic but
still affects more than a...
Wed, Jan 16 2013, 12:34 PM
Freddie Mac said today that initial
rates on adjustable rate mortgages (ARMs) are at the lowest recorded levels in
the 29 year history of its AR...
Wed, Jan 16 2013, 11:33 AM
In a completely unsurprising turn of events, bond markets continue to follow stock markets, albeit on a smaller scale. Still, the stock lever has had...
Wed, Jan 16 2013, 11:07 AM
Following eight consecutive months of
increases the National Association of Home Builders (NAHB)/Wells Fargo Housing
Market Index (HMI) held ste...
Wed, Jan 16 2013, 10:51 AM
Everyone out there, it seems, is reaching for the brass ring: more purchases, less refi's . But is it practical? I received this note from an industr...
Wed, Jan 16 2013, 9:22 AM
Applications for mortgages increased
substantially during the week ended January 11 as purchase applications soared
to their highest levels in ne...
Wed, Jan 16 2013, 7:16 AM
It's earnings season again and while bond markets are certainly taking short term cues from equities, Treasuries and MBS have willfully chosen to cont...
Wed, Jan 16 2013, 5:05 PM
David H. Stevens , President and
CEO of the Mortgage Bankers Association (MBA) , told member of the Exchequer Club on Wednesday
that in the 12 mon...
Wed, Jan 16 2013, 4:33 PM
MBS Live : MBS Afternoon Market Summary
In several ways Wednesday's session was quite similar to Tuesday's. European and Asian markets coa...
Wed, Jan 16 2013, 2:14 PM
Mortgage rates were higher on average on Wednesday, though some lenders didn't move with the rest of the pack. On one end of the spectrum, a few l...
Tue, Jan 15 2013, 11:37 AM
With the exception of last Thursday (ECB day), rates markets have been painstakingly descending the proverbial staircase following the elevator ride h...
Tue, Jan 15 2013, 10:55 AM
Don't forget - Monday is a holiday ! A U.S. federal holiday at that, Martin Luther King, Jr. Day marks his birthday (which is today, 1/15) but is obs...
Tue, Jan 15 2013, 10:29 AM
Home prices increased on a year-over-year basis for the
ninth consecutive month according to the CoreLogic Home Price Index (HPI)
released today....
Tue, Jan 15 2013, 10:02 AM
Seven bankers have been indicted by a
federal grand jury of conspiring to defraud their Georgia bank. The thirty-five count indictment named the f...
Tue, Jan 15 2013, 7:29 AM
Rosengren's 8:00am speech may help set the tone early in the session, but three pieces of economic data hit at 8:30am , one of them being the importa...
Tue, Jan 15 2013, 4:47 PM
Freddie
Mac's monthly economic outlook commentary for January looks principally
at consumer attitudes which it says have remained "fairly resilient...
Tue, Jan 15 2013, 4:15 PM
MBS and broader bond markets began the session in stronger territory after a reasonably supportive night in Asia and Europe. There were no major marke...
