Wed, Nov 28 2012, 10:35 AM
Despite
a sizeable increase in consumer debt overall household debt fell by $74 billion
in the third quarter of 2012, driven largely by a decrease ...
Wed, Nov 28 2012, 10:19 AM
In ancient days, when mortgage rates were different for various areas
around the country and people relied on carbon paper and Fannie gold book
am...
Wed, Nov 28 2012, 9:34 AM
Mortgage application activity was down during
the Thanksgiving holiday shortened week ended November 23. The Mortgage Bankers Association's (MBA's)...
Wed, Nov 28 2012, 7:09 AM
With Tuesday's session in the books, it's now plain to see just how aggressively markets
had priced in some sort of resolution to the most recent ...
Wed, Nov 28 2012, 4:44 PM
It may well be the case that a complex, interconnected framework of
esoteric data and news pushed bond prices steadily higher in the
overnight ses...
Wed, Nov 28 2012, 3:43 PM
Mortgage
rates began the day near their lowest levels since early
October as bond markets stayed in strong territory on leftover Fiscal
Cliff...
Tue, Nov 27 2012, 11:58 AM
The
Federal Housing Finance Agency ( FHFA ) has released its House Price Index (HPI)
for August which shows a 0.7 percent increase in prices compa...
Tue, Nov 27 2012, 11:45 AM
In spite of Eurozone leaders and the IMF reaching a 33rd hour (that's 3x an "11th
hour," see?) deal on Greek debt restructuring, bond markets hit th...
Tue, Nov 27 2012, 11:43 AM
Home prices extended their run of
increases to six months in September with a 2.1 percent bump in the S&P/Case
Shiller 10-City Index and a +3.0 p...
Tue, Nov 27 2012, 10:33 AM
Interthinx reported today that its Mortgage Fraud Risk Index dropped nearly 8 percent in the third quarter of 2012 and is five percent lower than in...
Tue, Nov 27 2012, 9:39 AM
Let's see the local appraiser tackle this one .
Here's one case that the mortgage industry, is watching: UBS is striving to
block a lawsuit by...
Tue, Nov 27 2012, 9:00 AM
Early data provided by Lender Processing Services (LPS) from
its upcoming Mortgage Monitor report
show that both national mortgage delinquencies a...
Tue, Nov 27 2012, 7:40 AM
Late on Monday, Eurozone Finance Ministers, along with the IMF, reached a deal on Greece's long-term debt with the supposed outcome being the €44 bln
...
Tue, Nov 27 2012, 4:46 PM
Markets got their long awaited Greece deal after the close last night and it turned out to be less of a triumph than hoped. While it wasn't a co...
Tue, Nov 27 2012, 4:15 PM
Homeowners appear to be less than savvy shoppers when it comes to finding a
mortgage to purchase or refinance their homes.
A new study from Fann...
Tue, Nov 27 2012, 3:45 PM
Mortgage
rates across multiple lenders were much more unified in their movement versus yesterday. Most lenders where unchanged to moderately im...
Mon, Nov 26 2012, 11:52 AM
Both stock prices and bond yields have been on the decline since topping
out on Friday. While stocks were sideways to weaker in the overnight
ses...
Mon, Nov 26 2012, 10:38 AM
Vacancy rates in
commercial and multi-family properties are expected to decline gradually over
the next year with an already tight multi-family r...
Mon, Nov 26 2012, 10:26 AM
Even if you had to have the borrower come back to resign a document, or
you had to eat a one day extension, or locked a loan under the wrong program,...
Mon, Nov 26 2012, 7:15 AM
After a somnambulant holiday-shortened week of trading, markets waste no time
in getting back to business. Perhaps it would be more accurate to s...
Mon, Nov 26 2012, 4:10 PM
After losing ground every single day in the previous
holiday-shortened week, bond markets got back to business today in
improved territory throu...
Mon, Nov 26 2012, 3:23 PM
Mortgage
rates once again saw a greater-than-normal degree of stratification
between lenders, meaning that some of them offered lower rates t...
Fri, Nov 23 2012, 12:48 PM
The ability to send a petition directly to the White House brings out the
interesting folks. Who doesn't want cat-girls? Here you go .
Hey, we ...
Fri, Nov 23 2012, 11:23 AM
There continues to be little, if anything to report about goings-on in
bond markets this morning. Earlier in the session, despite activity
being ...
Fri, Nov 23 2012, 8:45 AM
Welcome to the day after the Thanksgiving Holiday--where US markets are
open in name, but closed in spirit. Technically, SIFMA recommends an
"ear...
Fri, Nov 23 2012, 4:41 PM
hough it's the default expectation that early-close sessions
juxtaposed to holidays will be light in volume and uneventful in terms
of volatility,...
Fri, Nov 23 2012, 1:17 PM
Mortgage
rates were unchanged on Friday , based on the small minority
of lenders who remained open. Taken together with the first three days
...
Wed, Nov 21 2012, 11:43 AM
While you're dining on turkey and watching football tomorrow (maybe not
in that order) remember this touching story .
Folks continue to wonder ab...
Wed, Nov 21 2012, 11:36 AM
Trading so far today has represented a slight extension of yesterday's weakness and hopefully, that's all!
Looking at price movements beyond toda...
Wed, Nov 21 2012, 10:04 AM
A former executive of Lender Processing
Services, Inc. (LPS) pled guilty Tuesday to mail and wire fraud charges, admitting
her participation in a ...
Wed, Nov 21 2012, 9:37 AM
The Mortgage
Bankers Association (MBA) reports that mortgage applications activity dropped
slightly during the week ended November 16 compared to ...
Wed, Nov 21 2012, 6:19 AM
Wednesday brings the last of the week's economic data, borrowed from their regularly scheduled days to accommodate
the holiday schedule. Though mar...
Wed, Nov 21 2012, 4:40 PM
As has been the case so often since the onset of the Eurozone crisis, the tenor in domestic bond markets was largely a byproduct of European events in...
Wed, Nov 21 2012, 2:01 PM
Mortgage
rates were all over the board today with some lenders
improving noticeably and others pricing significantly weaker versus
yesterday'...
Tue, Nov 20 2012, 12:38 PM
About a dozen mortgage lenders and
brokers have been put on notice about their potentially misleading
advertisements , especially those aimed at ve...
Tue, Nov 20 2012, 12:15 PM
MBS actually managed to eke out a few ticks of higher prices than yesterday afternoon's best levels before headline risk took it's toll
on bond ma...
Tue, Nov 20 2012, 11:43 AM
Well, if you can't fix your brakes,
make your horn louder . Odd logic is somewhat humorous. But as any LO or
servicer knows, just because you modi...
Tue, Nov 20 2012, 11:04 AM
Permits for new residential construction
were issued at a lower rate in October than in September according to the
monthly report issued on Tuesday...
Tue, Nov 20 2012, 6:48 AM
The holiday-shortened week continues in similar fashion today as
yesterday: with not much on the agenda. Monday's few pieces of economic
data hel...
Tue, Nov 20 2012, 5:17 PM
At a press conference Tuesday afternoon
New York State Attorney General Eric T.
Schneiderman announced he had filed a second complaint against a fin...
Tue, Nov 20 2012, 4:31 PM
It was a choppy day for mortgages as slightly lower-than-average
volume in MBS and much-lower-than average volume in longer-dated
Treasuries exa...
Tue, Nov 20 2012, 3:38 PM
Mortgage rates started out the day mixed but mostly lower as lenders passed along market improvements from late in yesterday's session. Mid-morning h...
Tue, Nov 20 2012, 2:53 PM
I remember when I first learned how to process a loan . Concepts I
had never learned as a media arts major in college or from my minor in
busine...
Tue, Nov 20 2012, 1:48 PM
HUD's report on FHA's finances to Congress was a mere 64 pages. Here's the top (or bottom!) 10 summary for those who lack the time or motivation to...
Mon, Nov 19 2012, 12:47 PM
The National Association of Builders'
(NAHB) measure of builder confidence took a big jump in November, rising to its
highest level since May of 200...
Mon, Nov 19 2012, 12:29 PM
Existing
home sales increased 2.1 percent on a seasonally adjusted basis in October
according to data released today by the National Association of...
Mon, Nov 19 2012, 11:32 AM
Applications
for mortgage refinancing encountered increased processing time again in October
when it took an average of 54 days to close a loan, a...
Mon, Nov 19 2012, 11:21 AM
The morning's economic data were both better than expected with Existing Home Sales coming in at 4.79 mln vs 4.75 mln.
The NAHB's Housing Market In...
Mon, Nov 19 2012, 10:41 AM
"Be good to your neighbor - they know where you live!" The Pilgrims did
not have many neighbors, but in the in the fall of 1621 they held a three-day...
Mon, Nov 19 2012, 8:02 AM
This week will be punctuated in the US, with a full closure on Thursday for
Thanksgiving and an early close on Friday (2:00 PM ET). The effects o...
