Fri, Dec 21 2012, 10:47 AM
Lender Processing Services has released
preliminary data from its monthly report on mortgage performance
statistics . Data for November was
deriv...
Fri, Dec 21 2012, 10:33 AM
The good news is that we've survived. The bad news is that we're still
seemingly reliant upon politicians in Washington. But for the moment, go back
...
Fri, Dec 21 2012, 8:59 AM
Whereas Thursday's session was characterized as a bit tricky due to the uncertain balance of importance between economic data and pervasive Fiscal C...
Fri, Dec 21 2012, 4:19 PM
There was little reaction to this morning's economic data at 8:30am despite the fact that both reports were stronger-than expected. Consumer Sentimen...
Fri, Dec 21 2012, 1:35 PM
The Office of
Comptroller of the Currency ( OCC ) reported today that 88.6 percent of the
mortgages serviced by selected national federal savings ...
Fri, Dec 21 2012, 1:26 PM
Mortgage rates fell moderately to end the week after the House of Representatives failed to pass a tax and spending bill aimed at averting Fiscal Clif...
Thu, Dec 20 2012, 12:16 PM
This is the second part of an article summarizing the chapter on Mortgages from a Center for Responsible Lending (CRL)research paper titled The State...
Thu, Dec 20 2012, 12:00 PM
U.S. house prices were up 0.5 percent on a seasonally adjusted basis from September to October and rose 5.6 percent from the level 12 months earli...
Thu, Dec 20 2012, 11:48 AM
Similarities abound between Wednesday and Thursday across the market. In both cases, the overnight session began with a moderately positive tone for ...
Thu, Dec 20 2012, 10:53 AM
Existing home
sales rose 5.9 percent in November to a seasonally adjusted annual rate of 5.04
units compared to a rate of 4.76 units in October. ...
Thu, Dec 20 2012, 10:36 AM
Well, here is some interesting news for taxpayers, as if we don't have
enough: Fannie & Freddie may have lost $3 billion due to LIBOR fixing by
ba...
Thu, Dec 20 2012, 10:08 AM
Following reports yesterday that Fannie Mae and Freddie Mac may have lost over $3 billion in the LIBOR scandal, FHFA issued the following statement: ...
Thu, Dec 20 2012, 7:14 AM
Thursday's session is a bit tricky . Any value over time can be charted, and the general tone/sentiment/optimism of the Fiscal Cliff debate is no ex...
Thu, Dec 20 2012, 4:18 PM
A big haul of economic reports had little lasting impact on trading levels this morning, but the stronger Philly Fed Index at 10am was enough to sugge...
Thu, Dec 20 2012, 3:17 PM
The share of
mortgages refinanced by Freddie Mac and Fannie Mae through the Home Affordable
Refinancing Program (HARP) dropped to 18.5 percent in Oc...
Thu, Dec 20 2012, 1:33 PM
The market movements that underpin the day to day changes in mortgage rates generally conveyed a sense of uncertainty and waiting as the busiest m...
Wed, Dec 19 2012, 12:10 PM
Today's trading has provided a bit of relief to yesterday's disconcerting run at technical boundaries. Even though past precedent suggests we may wel...
Wed, Dec 19 2012, 11:04 AM
Permits for privately owned residential construction
increased by 3.6 percent on a seasonally adjusted basis in November compared to
October. Acco...
Wed, Dec 19 2012, 9:35 AM
Mortgage
applications fell during the week ended December 14 with both refinancing
and purchase applications slowing as rates rose. The Mortgage B...
Wed, Dec 19 2012, 4:13 PM
On to something a little less fun. Uh oh. I can't weigh in on the
validity of this comment, but it comes from a reliable wholesale rep and if
true i...
Wed, Dec 19 2012, 4:11 PM
The tone of the overnight session was serene and slightly positive for bond markets at first, but quickly became dicey as the pre-market domestic crow...
Wed, Dec 19 2012, 2:55 PM
The tone of Fiscal Cliff news shifted from comprommisory back to combative today, helping Mortgage rates recover from Tuesday's multi-month highs ....
Wed, Dec 19 2012, 2:15 PM
The authors of a study just released by the University of
North Carolina's Center for Community Capital suggest that the current condition
of the Fe...
Wed, Dec 19 2012, 1:47 PM
The Senate
Committee on Banking, Housing, and Urban Affairs conducted a hearing on
Wednesday titled " Making Sense of Consumer Credit Reports ." Wi...
Wed, Dec 19 2012, 1:28 PM
Metrics of
loans originated through Ellie Mae's mortgage management software and network
were largely unchanged from earlier months according to its...
Tue, Dec 18 2012, 12:17 PM
Builders of new single family homes
continue to grow more confident about the market for their product according to
the National Association of H...
Tue, Dec 18 2012, 12:12 PM
Production MBS Prices are currently in line with a range of post-QE3 lows seen in late October and
traded to their lowest outright levels today sinc...
Tue, Dec 18 2012, 11:39 AM
Low mortgage rates will continue to aid the housing and mortgage
markets in the New Year as the Federal Reserve continues to purchase $40
billion...
Tue, Dec 18 2012, 8:55 PM
With the help of QE3, MBS have been able to construct an impressive, even if metaphorical castle over the past four months. This can be thought of as...
Tue, Dec 18 2012, 7:46 AM
Last Wednesday, we characterized the impending FOMC-related events as "the best chance in almost a month
to see more than 5bps of movement in 10yr y...
Tue, Dec 18 2012, 5:10 PM
Apparently fearful of another bail out,
six Republican members of the House Financial Services Committee sent a letter
to the Obama Administration...
Tue, Dec 18 2012, 4:40 PM
MBS and Treasury prices have been cliff-diving due to the Fiscal Cliff. This isn't because bond markets are worried about going over the Fiscal Cliff...
Tue, Dec 18 2012, 3:47 PM
Mortgage rates moved higher at the quickest pace in weeks on Tuesday as politicians convey an increasing sense of compromise regarding Fiscal Cliff...
Tue, Dec 18 2012, 3:44 PM
The Mortgage Bankers Association (MBA)
has formed a task force to revisit its 2009 proposal for the future Freddie Mac
and Fannie Mae, the two gover...
Tue, Dec 18 2012, 2:02 PM
Human Resources (HR) managers take note: a court has ruled that an
employer may be liable for an accident to an employee during a work trip. But
for...
Mon, Dec 17 2012, 11:26 AM
Today's trading is kicking off the week in a mostly typical Monday sort
of way with ranges relatively contained, volume on the light side and
limi...
Mon, Dec 17 2012, 9:28 AM
Say what you want about Trulia, it just issued the results of a survey that has
Realtors and LO's cheering: 93% of renters between the ages of 18 a...
Mon, Dec 17 2012, 9:22 AM
"Rob, my boss tells me that my company might start servicing loans .
But all I've heard about is the $25 billion lawsuit from a while back. Is
serv...
Mon, Dec 17 2012, 8:56 AM
The
Center for Responsible Lending (CRL) has released a report on the recent
financial crisis and its impact on consumers.
The State of Lending...
Mon, Dec 17 2012, 7:47 AM
After holding supportive ground on Friday, bond markets may be facing
the prospect of defending that stability before Monday's domestic
session be...
Mon, Dec 17 2012, 4:20 PM
There was very little out today by way of market moving data, at least not the kind that elicits immediate reaction in financial markets. Instead (an...
Mon, Dec 17 2012, 2:24 PM
Mortgage
rates moved slightly higher to begin the last full week of
2012 after fighting back against recent weakness on Friday. Bond
markets...
Mon, Dec 17 2012, 1:52 PM
The National Credit Union Administration (NCUA) has brought suit against
J.P. Morgan Securities and Bear, Stern and Company over the failure of f...
Mon, Dec 17 2012, 1:36 PM
Homeowners affected by the October
hurricane that clobbered the northeast got some face-to-face help from
representatives of mortgage servicers and ...
Fri, Dec 14 2012, 12:02 PM
Today was all about confirming whether or not bond markets would
be able to hold their ground before breaking through important technical
suppor...
Fri, Dec 14 2012, 10:39 AM
Yesterday I journeyed to San Jose to visit with the Silicon Valley Chapter of
CAMP. Casey Fleming, the president, reminded the capacity crowd how imp...
Fri, Dec 14 2012, 9:31 AM
Much of an individual's ability
to secure credit depends on what the three national credit bureaus, Equifax Information Services, Experian
Informa...
Fri, Dec 14 2012, 7:31 AM
To whatever extent a dip into the low 104's is scary business for
Fannie 3.0 MBS or that a 10yr yield rising into the 1.7's is cause for
concern, ...
Fri, Dec 14 2012, 4:36 PM
Today was one of those sessions that seemed to unofficially end early.
Bond markets rallied all morning--albeit in a micro range for MBS--and
cam...
Fri, Dec 14 2012, 3:37 PM
Mortgage
rates moved slightly lower to end the week after having risen to the highest levels
of the month yesterday. That was part of a two ...
