Wed, Oct 31 2012, 12:39 PM
Agreements were announced on Wednesday with
nine private insurance carriers that will make foreclosure alternatives much
quicker and easier for ...
Wed, Oct 31 2012, 12:23 PM
With our without the storm damage, here in the U.S. there are 41 million potential
trick-or-treaters (children age 5 to 14; see joke at bottom) acros...
Wed, Oct 31 2012, 12:11 PM
It was hard to know exactly what to expect coming into today's session,
but one of the fairer guesses was that we'd see some measure of support
fr...
Wed, Oct 31 2012, 10:58 AM
The Consumer Financial Protection Bureau
(CFPB) reposted one of its earliest blog postings today to help the victims of
Hurricane Sandy avoid the ...
Wed, Oct 31 2012, 10:50 AM
While completed foreclosures continued
to drop in September, CoreLogic's National
Foreclosure Report points out that they are still nearly tripl...
Wed, Oct 31 2012, 9:02 AM
Applications for refinancing declined
for the fourth straight week according to information from the Mortgage Bankers
Association's (MBA) Weekly Mo...
Wed, Oct 31 2012, 6:55 AM
After the once-in-a-lifetime unscheduled hiatus of the past 1.75 days,
bond markets will be open again on Wednesday, but we're not expecting
the s...
Wed, Oct 31 2012, 5:08 PM
As you might expect, the first day back on line after an unscheduled 1.5
days off was a somewhat volatile one for bond markets. The fact that
it ...
Wed, Oct 31 2012, 3:03 PM
Mortgage
rates were all over the board on Wednesday in terms of their
movements relative to each other and trading levels in the Secondary
Mo...
Tue, Oct 30 2012, 12:11 PM
Thank you to Julie F. from NJ on the FEMA declarations and re-inspections
normally required on properties in a disaster area . (A 2070, or 2075, wit...
Tue, Oct 30 2012, 12:03 PM
Vacancy rates in the third quarter
declined from one year earlier for both homeowner properties and those held as
rentals according to the U.S. Cen...
Tue, Oct 30 2012, 10:20 AM
There is
continued good news about home prices from the S&P/Case-Shiller Home Price
Indices today. Both the 10-City and the
20-City Composites...
Tue, Oct 30 2012, 8:08 AM
Just about the only thing that remains on the calendar for today will be the 900am release of S&P Case Shiller
Home Prices. The Conference Board an...
Tue, Oct 30 2012, 3:38 PM
Mortgage
rates rose slightly on Tuesday, even though financial markets
were fully closed due to Hurricane Sandy. The market closure meant
th...
Tue, Oct 30 2012, 3:14 PM
Homeowners with Freddie Mac mortgages
will get some help if their homes were damaged or destroyed by Monday's massive
storm. The company announce...
Mon, Oct 29 2012, 12:12 PM
Trading has been predictably slow and uneventful as market participants are in housekeeping mode
thanks to an early close today and a complete clo...
Mon, Oct 29 2012, 10:33 AM
Although the credit markets are open until noon EST, and thus rates are
moving, the Fannie Trading Desk spread the word to clients, " Due to
Hurrica...
Mon, Oct 29 2012, 8:24 AM
Even before it begins, the week ahead is getting off to a tumultuous start with
Hurricane Sandy expected to drastically increase in severity into ...
Mon, Oct 29 2012, 5:02 PM
MBS Live : MBS Afternoon Market Summary
After closing 2 hours earlier than a normal early close (12pm vs 2pm), bond markets will be complet...
Mon, Oct 29 2012, 1:02 PM
Mortgage
rates continued falling this morning despite stronger-than-expected economic data. The trading session was punctuated by an early clos...
Sat, Oct 27 2012, 8:22 AM
I confess that I own three type writers: the first helped my Mom at
Stanford in the 1940's, the second I used to teach myself how to type while in
h...
Fri, Oct 26 2012, 12:12 PM
Contributing to MND the past 4 years, I have been content to
represent my image as a bewildered George Bayley, wondering what
happened to his belo...
Fri, Oct 26 2012, 11:55 AM
gain a good portion of the day's movement was seen during the overnight session as Asian and Europe essentially made the opposite move from yesterda...
Fri, Oct 26 2012, 11:44 AM
Home prices rose
0.2 percent in August compared to July on the Home Price Index (HPI) produced
by Lender Processing Services (LPS). The
LPS HPI i...
Fri, Oct 26 2012, 10:39 AM
Here's a rare editorial comment from me if folks care to read it. I found
the MBA's conference earlier this week to be well attended, informative, an...
Fri, Oct 26 2012, 7:25 AM
Things are frustrating right now for bond markets. Somehow, October has managed to be one of the weakest months of the past two years,
yet has ...
Fri, Oct 26 2012, 4:36 PM
Sometimes these things happen. We're sensitive to the general feeling
that Friday afternoons tend to be tough more often than they do what
they d...
Fri, Oct 26 2012, 2:39 PM
Three different scenarios for predicting the level of
additional financial support the two government sponsored enterprises (GSEs)
Freddie Mac and F...
Fri, Oct 26 2012, 1:42 PM
Mortgage
rates fell back in line with Wednesday's levels in most cases today, though lenders' offerings varied more than usual. Markets conti...
Thu, Oct 25 2012, 12:03 PM
MBS still aren't back into positive territory on the day, but they're in much better shape than
earlier this morning when Fannie 3.0s hit 104-03...
Thu, Oct 25 2012, 11:38 AM
The National Association of Home
Builders' (NAHB) Remodeling Market Index (RMI) for the third quarter hit 50 for
the first time since the same per...
Thu, Oct 25 2012, 10:30 AM
Sixty-two percent of major metropolitan
areas saw an improvement in foreclosure activity during the third quarter of
2012 with 141 of the nation's ...
Thu, Oct 25 2012, 10:21 AM
Pending home sales were flat in
September, inching up 0.3 percent on the Pending Home Sales Index (PHSI)
maintained by the National Association of ...
Thu, Oct 25 2012, 9:46 AM
This short video isn't funny in the least, but should not be missed
for anyone in the financial services sector, IT, or anyone else for that matter...
Thu, Oct 25 2012, 7:36 AM
After a sparse overnight calendar in Europe and Asia, the domestic session kicks off with Jobless Claims , Durable Goods, and Chicago Fed's Nation...
Thu, Oct 25 2012, 4:36 PM
Current housing recovery chatter centers around two main themes...
Thu, Oct 25 2012, 4:33 PM
MBS were down, but not out on Thursday, although the emphasis
certainly seems to be on the "down" part for bond markets in general,
not to menti...
Thu, Oct 25 2012, 3:24 PM
Mortgage
rates are sharply higher today, as global markets abandoned
bond market holdings at the quickest pace of the week. When investors
f...
Wed, Oct 24 2012, 11:53 AM
Things have been mostly weaker for MBS this morning, but only moderately so. Fannie 3.0s ratcheted down to 104-16 after opening up just below the b...
Wed, Oct 24 2012, 11:52 AM
Sales of new single-family houses were
up 5.7 percent in September to a seasonally adjusted annual rate of 389,000
units, but in announcing the inc...
Wed, Oct 24 2012, 10:54 AM
Occasionally I am asked about the flow of taxes into and out of
various states . (Okay, I just made that up, but when you're in Kansas one
has to m...
Wed, Oct 24 2012, 10:23 AM
The Mortgage Bankers Association (MBA)
said this morning that mortgage application activity dropped sharply during the
week ended October 19. The...
Wed, Oct 24 2012, 9:12 AM
Home prices have increased 4.7 percent
over the past 12 months according to information released late Tuesday by the
Federal Housing Finance Agency...
Wed, Oct 24 2012, 7:52 AM
The first two days of the week have been largely silent and largely
positive for MBS and Treasuries. During that time, it seems to have
been equi...
Wed, Oct 24 2012, 4:46 PM
The dreaded triple "U" score for bond markets today... The data was underwhelming and the trading on the session was uneventful as
MBS cut an...
Wed, Oct 24 2012, 3:50 PM
Mortgage rates were steady to slightly higher on Wednesday despite a big
increase in the amount of economic data and events from the first two
day...
Wed, Oct 24 2012, 3:09 PM
Bank of America (BOA) was sued in
Federal Court today for civil mortgage fraud in a complaint seeking civil
penalties as well as treble damages a...
Wed, Oct 24 2012, 2:17 PM
Information received since the Federal Open Market Committee met in
September suggests that economic activity has continued to expand at a
moderat...
Wed, Oct 24 2012, 1:43 PM
The
enormous numbers of foreclosures over the last six years have, of course, had
immediate impacts on the families who lose their homes. The ef...
Tue, Oct 23 2012, 11:35 AM
MBS and Treasuries rallied overnight and have continued to hold their ground at those stronger levels in the AM hours. There are several places one...
