Mon, Nov 19 2012, 4:15 PM
MBS and broader bond markets began the day in weaker territory after a major "risk-on" move
in the overnight session. What's interesting (maybe?)...
Mon, Nov 19 2012, 2:20 PM
Mortgage
rates were higher to start the holiday-shortened week .
Despite the deterioration, rates remain broadly consistent with a range
that...
Mon, Nov 19 2012, 1:44 PM
Since
the signing of the agreement, nearly 310,000 homeowners have received monetary relief
under the National Mortgage Settlement according to a pr...
Fri, Nov 16 2012, 12:21 PM
It's been a wild morning for market events, unexpected headlines,
and corresponding reactions across diverse markets. In a true sign of
the tim...
Fri, Nov 16 2012, 11:11 AM
The Federal Housing Finance
Agency (FHFA) released its 2012 Performance and Accountability Report (PAR)
on Thursday and announced that its finan...
Fri, Nov 16 2012, 10:24 AM
Why fit in when you're born to stand out? I remember when every computer
had McAfee anti-virus software - it stood out. This has nothing to do with
...
Fri, Nov 16 2012, 9:54 AM
The HOPE Financial Dignity Center held its grand
opening yesterday and hosted Federal Reserve Chairman Ben S. Bernanke as its
speaker. The Center, ...
Fri, Nov 16 2012, 7:32 AM
Much in the same vein as Greece and QE3, the Fiscal Cliff is the new mega-issue du jour for financial markets. That this was likely to become an is...
Fri, Nov 16 2012, 4:28 PM
Wow... Quite a Friday! What, by all rights, could have been an
uneventful "fade-to-sideways" into the weekend (and holiday-shortened
week ahead)...
Fri, Nov 16 2012, 4:11 PM
Mortgage
rates continued to bounce back , moving lower for a second
straight day after rising on the first two days of the week. Net/net,
the...
Fri, Nov 16 2012, 3:33 PM
Eric
T. Schneiderman, New York State Attorney General, told Wells Fargo Bank today that
it could not use Hurricane Sandy to excuse itself "from an...
Fri, Nov 16 2012, 1:33 PM
The U.S. Department of Housing and
Urban Development (HUD) said today that the capital reserve ratio of the Federal
Housing Administration's (FHA) M...
Thu, Nov 15 2012, 12:31 PM
Bond markets began the day in moderately weaker territory after Asian
and European sessions took yields higher overnight. But the onset of
the do...
Thu, Nov 15 2012, 12:12 PM
Overall customer satisfaction with
mortgage lenders reached a six-year high in the J.D.
Power and Associates 2012 U.S. Primary Mortgage Originatio...
Thu, Nov 15 2012, 9:44 AM
The median age of a Realtor is 56 - as in "fifty six."
I...
Thu, Nov 15 2012, 9:28 AM
In 2011 the Department of the Treasury, in an attempt to alleviate some of the problems borrowers were having trying to take advantage of its Making H...
Thu, Nov 15 2012, 9:15 AM
Parsing foreclosure data in search of
trends is becoming increasingly difficult as evidenced by the RealtyTrac's
October U.S. Foreclosure market Re...
Thu, Nov 15 2012, 6:26 AM
If Wednesday was the busiest day of the week in terms of economic data and market-moving events, Thursday isn't far behind. The
festivities kick ...
Thu, Nov 15 2012, 4:18 PM
Third day of the week is apparently the charm for MBS... Tuesday and
Wednesday saw a level of spread-widening versus Treasuries that bordered on a...
Thu, Nov 15 2012, 3:00 PM
Mortgage
rates put an end to two days of weakness , but for most
lenders, rates were only moderately improved on Thursday. Weak economic
data...
Thu, Nov 15 2012, 2:45 PM
While the Census Bureau has noted the decline
in homeownership over the last few years, the latest edition of Fannie Mae's Housing Insights loo...
Thu, Nov 15 2012, 2:18 PM
The percentage of loans in
foreclosure dropped 20 basis points (bps) on a seasonally adjusted basis in the
third quarter of 2012 from the second q...
Thu, Nov 15 2012, 1:14 PM
Nearly three-quarters of the homes sold
in the U.S. in the third quarter of 2012 were affordable to a family that was
earning the U.S. median income...
Wed, Nov 14 2012, 12:11 PM
Bond markets started out in slightly weaker territory today after a
mildly weaker Asian session and moderately weaker European session. The
morni...
Wed, Nov 14 2012, 11:19 AM
Switching
gears to servicing, it is no surprise that Wells Fargo, BofA, Chase, Citi, and
USBank made up the top five in terms of portfolio size . H...
Wed, Nov 14 2012, 9:54 AM
Mortgage activity increased during the
week ended November 9 as parts of the states most impacted by Hurricane Sandy in
late October were able to ...
Wed, Nov 14 2012, 7:55 AM
Wednesday is the busiest day of this week in terms of the
economic reports and other potential market movers on the calendar. The
biggest-ticke...
Wed, Nov 14 2012, 5:15 PM
For the second straight day , we've seen MBS underperforming
Treasury benchmarks. In other words, Treasuries managed to hold steady
while MBS lo...
Wed, Nov 14 2012, 5:06 PM
Freddie Mac's economists today used the analogy of a patient with a high fever to talk about the recent course of the housing market. In the Novembe...
Wed, Nov 14 2012, 3:26 PM
The housing boom and its accompanying
price appreciation significantly distorted buyer choices about mortgage
financing according to an Economic ...
Wed, Nov 14 2012, 2:30 PM
Mortgage
rates moved higher at a quicker pace today despite the fact
that US Treasury yields were unchanged to slightly improved. In some
ca...
Tue, Nov 13 2012, 12:48 PM
Despite
record low interest rates , the Mortgage Bankers Association's (MBA) Commercial
and Multifamily Originations Index fell during the third ...
Tue, Nov 13 2012, 11:54 AM
Bond markets have been mixed so far this morning and somewhat volatile,
but within narrow ranges. Overnight news and events out of Europe
pushed ...
Tue, Nov 13 2012, 10:29 AM
Well, you gotta hand it to those independent-minded folks over in Texas,
who once again are asking to secede from the Union .
Let's see what that d...
Tue, Nov 13 2012, 9:59 AM
TransUnion, a big three national
consumer credit reporting agency, says that mortgage delinquencies of 60 days or
more duration declined in the ...
Tue, Nov 13 2012, 7:11 AM
Today's data is relatively non-existent, with only 3rd tier reports in
the morning and the Federal budget at 2pm which is more of a
house-keeping ...
Tue, Nov 13 2012, 4:47 PM
Freddie Mac reported on Tuesday that
nearly a third of the borrowers who refinanced their loans in the third quarter
chose new loans with a short...
Tue, Nov 13 2012, 4:34 PM
MBS struggled all day long despite the fact that Treasuries enjoyed a reasonably smooth and uneventful ride near the stronger side of Friday's range. ...
Tue, Nov 13 2012, 2:39 PM
Mortgage rates edged just slightly higher to begin the shortened week. Most lenders were closed yesterday in observance of the Veteran's Day holid...
Mon, Nov 12 2012, 9:36 PM
The Monitor in charge of managing the
$25 billion settlement between mortgage servicing companies and federal
agencies working in conjunction with...
Mon, Nov 12 2012, 6:47 PM
"Now, if you know what you're worth,
then go out and get what you're worth. But you gotta be willing to take the
hits, and not pointing fingers sayi...
Sun, Nov 11 2012, 9:07 PM
Freddie Mac and Fannie May have announced new
requirements for managing law firms retained for bankruptcies and
default-related legal matters incl...
Fri, Nov 9 2012, 11:20 AM
After a morning of data that was exclusive unfriendly to bond markets,
MBS and Treasuries continue to avoid the sort of ugly selling-sprees
that m...
Fri, Nov 9 2012, 10:39 AM
I don't know if this short video says more about the strength of the
bridge, or the IQ & preparation of those truck drivers.
Speaking of prepara...
Fri, Nov 9 2012, 10:32 AM
Paul Kiel of ProPublica has published a serious critique of the Treasury Department's early oversight of the Home Affordable
Modification Progra...
Fri, Nov 9 2012, 9:36 AM
David H. Stevens, President and CEO of
the Mortgage Bankers Association criticized the federal government and
financial regulators as providing a ...
Fri, Nov 9 2012, 6:14 AM
The past two weeks have been an exercise in exhaustion and endurance for
markets and market participants. Following the post-election rally,
the ...
Fri, Nov 9 2012, 4:24 PM
The Departments of Treasury and Housing
and Urban Development released their October edition of the Obama
Administration's Housing Scorecard on Fr...
Fri, Nov 9 2012, 4:15 PM
Bond Markets entered the domestic session slightly improved from yesterday's latest levels but soon began giving up those
gains. This weakness real...
Fri, Nov 9 2012, 2:45 PM
Mortgage
rates were mixed today , with some lenders in slightly better
shape and others slightly higher in cost. Any lenders who were in
bett...
