Tue, Jan 15 2013, 3:27 PM
Mortgage rates improved slightly on Tuesday, extending their recent streak of improvements to 7 days. Last Thursday was the only one in that serie...
Tue, Jan 15 2013, 3:09 PM
I was handed a book on the way home from Christmas Mass at
my church this year titled "The 4 Signs of a Dynamic Catholic". About halfway through the...
Tue, Jan 15 2013, 2:32 PM
Increased
mortgage defaults pushed the overall consumer default rate up in December for
the third consecutive month. The
national S&P Experian C...
Mon, Jan 14 2013, 11:18 AM
While MBS prices were slightly higher in the middle of last week and on the first few days of the year, until Friday's roll, the price referred to Jan...
Mon, Jan 14 2013, 10:24 AM
Here's a story from Ohio that LO's in other states will find of interest: " Ohio Creates Temporary Loan Originator License." Last month, Ohio enact...
Mon, Jan 14 2013, 7:21 AM
With backs against the wall on Friday, and very much at risk of triggering a negative technical signal, bond markets battled back for their 2nd best c...
Mon, Jan 14 2013, 4:09 PM
Bond markets coasted into their best levels since the first trading day of the year and spent the rest of the day holding a tight range around those l...
Mon, Jan 14 2013, 2:56 PM
Mortgage rates improved moderately to begin the week, bringing most lenders back to levels not seen since January 2nd or before. Following the Fis...
Mon, Jan 14 2013, 2:21 PM
Another city hard hit by the housing
crisis has proposed exercising its power of eminent domain on behalf of its
underwater homeowners. The City ...
Fri, Jan 11 2013, 12:36 PM
Wells
Fargo reported today that its fourth quarter and full 2012 net income set new
record highs . Fiscal Year 2012 earnings
were $18.9 billion;...
Fri, Jan 11 2013, 12:24 PM
Bond markets got off to a rocky start in the overnight session following the announcement of new QE in Japan. US Treasuries then glued themselves fir...
Fri, Jan 11 2013, 9:05 AM
Do you owe any money on your home? Lots of owners do, a lot don't. Usually we see these "free and clear numbers from the Census Bureau, but this week ...
Fri, Jan 11 2013, 7:45 AM
Thursday could have been a better day for bond markets... It could have marked bounce back below important technical levels in 10yr yields (lots of...
Fri, Jan 11 2013, 4:44 PM
Today's analysis on MBS Live was fraught with references to a metaphorical swimming pool on a cruise ship. The ship represents the longer term, bigge...
Fri, Jan 11 2013, 4:36 PM
The
U.S. Department of Housing and Urban Development (HUD) and the U.S. Department
of the Treasury today released the December edition of the Obama
...
Fri, Jan 11 2013, 3:25 PM
Mortgage rates were essentially unchanged Today. On average, rates were slightly higher to begin the day, but an afternoon reversal in bond marke...
Thu, Jan 10 2013, 12:35 PM
The story so far this morning is as simple as the headline, with the slight addendum being that Chinese economic data actually began the push toward h...
Thu, Jan 10 2013, 10:09 AM
Despite the concern over the last few
years about the number of homeowners who owe more on their mortgages than their
homes are worth, it turns out ...
Thu, Jan 10 2013, 7:51 AM
The final rule to implement those parts of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act relating to consumers ability to repay h...
Thu, Jan 10 2013, 7:42 AM
Bond markets continued to struggle with a decisive break below important technical levels in Treasuries. Despite holding on to gains in the morning...
Thu, Jan 10 2013, 4:58 PM
The day began with bond markets already on the back foot after stronger Chinese exports, a stronger Spanish debt auction, and an unchanged ECB policy ...
Thu, Jan 10 2013, 4:36 PM
Mortgage rates leveled off on Thursday, after moving gently lower on the first three days of the week. Bond markets such as US Treasuries began the d...
Thu, Jan 10 2013, 2:09 PM
Many industry groups have commented this morning on the final Qualified
Mortgage/Ability to Repay rule issued today by the Consumer Financial
Pr...
Wed, Jan 9 2013, 12:05 PM
Even though home prices have been
rising, the National Association of Realtors® (NAR) said today that 2012 appears primed to set a
record for h...
Wed, Jan 9 2013, 11:57 AM
After improving slightly during yesterday's first few trading hours, bond markets have been in the same aggressively sideways trend for over 24 hour...
Wed, Jan 9 2013, 10:11 AM
Huh? AIG, the parent of United Guarantee, is thinking about suing the United States government over its bailout? Stranger than fiction - but true! H...
Wed, Jan 9 2013, 9:47 AM
Despite the shorter holiday week,
mortgage applications rose 11.7 percent on a seasonally adjusted basis during
the week ended January 4 and 49 pe...
Wed, Jan 9 2013, 6:26 AM
In an overdramatized sort of way, Wednesday will be " do or die " time for bond markets in that 10yr yields must either finally break back below the i...
Wed, Jan 9 2013, 4:46 PM
We started the week with a closer look at "tradeflows, " suggesting the most informative thing markets would have to offer guidance until today's 10y...
Wed, Jan 9 2013, 4:08 PM
Mortgage rates moved slightly lower again today , marking the third straight session of recovery after being launched higher last week. The magnitu...
Tue, Jan 8 2013, 12:04 PM
As has been the case on many a morning where the Fed's scheduled Twist buying is the only salient market event ( read more on POMO's ), bond marke...
Tue, Jan 8 2013, 11:13 AM
There are so many statistics out there it makes one's head spin. For
example, for the nation's 115 million occupied homes: The median year
these h...
Tue, Jan 8 2013, 10:46 AM
Home-shopping
consumers are not only exponentially increasing their reliance on the Internet
but are also developing distinct patterns for using i...
Tue, Jan 8 2013, 7:02 AM
A settlement ending the Independent
Foreclosure Reviews mandated by the Federal Reserve and Office of Comptroller
of the Currency (OCC) against a nu...
Tue, Jan 8 2013, 6:32 AM
There's a rather anemic effort at creating more noise on the part of the day's scheduled events on Tuesday. Apart from a few sentiment surveys in the...
Tue, Jan 8 2013, 4:17 PM
Bond markets continue rebuilding from the wreckage they woke up to on Friday morning. A great majority of that rebuilding effort was undertaken on Fr...
Tue, Jan 8 2013, 1:58 PM
Mortgage rates continued to inch lower on average after rising to the highest levels since September at the end of last week. There were no signif...
Mon, Jan 7 2013, 12:13 PM
The list of improving housing markets
posted by the National Association of Home Builders (NAHB) and First American
Title took a huge jump in Janu...
Mon, Jan 7 2013, 12:02 PM
As noted in the Week Ahead as well as the first update below, there's been little to inform market movements apart from traders watching and reactin...
Mon, Jan 7 2013, 10:37 AM
Fannie Mae's Chief Economist pointed to
the turmoil over the fiscal cliff and debt ceiling for a sharp drop in consumer
confidence in December. F...
Mon, Jan 7 2013, 10:25 AM
January is proving to be a newsy/volatile month for the industry. Last
week we had the delay in truly resolving the fiscal cliff, the Fed minutes
di...
Mon, Jan 7 2013, 9:21 AM
Bank of America has reached agreement on
yet another outstanding legal matter involving defaulted mortgages, this time
with Fannie Mae. This agreem...
Mon, Jan 7 2013, 7:05 AM
The week ahead is limited in terms of economic data and events, and while the Treaasury Auction cycle will provide some guidance for bond markets, the...
Mon, Jan 7 2013, 4:29 PM
Starting at noon, MBS have held inside a two tick range between 104-07 and 104-09 with eerie regularity. These were the same highs seen earlier thi...
Mon, Jan 7 2013, 2:07 PM
Mortgage rates managed to catch their breath today after rising at the fastest pace since March on from Wednesday through Friday last week. Some lend...
Fri, Jan 4 2013, 11:34 AM
This morning's Day Ahead , pondering potential NFP outcomes, closed with the following thought: " The unpleasant fact about either scenario is Thu...
Fri, Jan 4 2013, 10:28 AM
"Rob, I run compliance for a mid-size bank in Georgia, and our senior
management told us that we don't have to worry about what the CFPB is doing. Do...
Fri, Jan 4 2013, 10:11 AM
Over a four year period ended in
December 2011 and representing the height of the banking crisis there were 414
failures of insured U.S. banks. O...
Fri, Jan 4 2013, 9:57 AM
Writers, researchers, and those interested in housing market data have a great new tool to work (or play) with, courtesy of the U.S. Census
Bureau ...
Fri, Jan 4 2013, 6:56 AM
Kicking the can down the road was all the rage a few days ago
when the cliche phrase was applied to the quasi-deal that softened the
blow of the ...
