Tue, Oct 23 2012, 7:14 AM
Monday saw a fairly standard-issue " inside day " for bond the two
securities we follow most closely: Production MBS (for mortgage rate
implicatio...
Tue, Oct 23 2012, 5:26 PM
The Mortgage Bankers Association's ( MBA )
chief economist echoed much of what Freddie Mac's economists said this afternoon
as he hiked MBAs esti...
Tue, Oct 23 2012, 4:36 PM
Freddie Mac is revisiting its economic projections
for the remainder of 2012 and 2013 due to the announcement by the Federal
Reserve of its Maturi...
Tue, Oct 23 2012, 4:12 PM
MBS kicked off the day in line with yesterday's highs and soon moved into even better territory. Overnight trading was light, but decidedly positiv...
Tue, Oct 23 2012, 2:39 PM
It's a testament to the persistence of the recent move higher that mortgage
rates experienced their best day in over a week on Tuesday. Reason...
Tue, Oct 23 2012, 2:03 PM
Wanna little scoop from this conference in Chicago? Try this one: Wells
Fargo has added operational capacity to its current
operations centers to ...
Tue, Oct 23 2012, 1:52 PM
The
recent crisis in housing with its attendant foreclosure issues has underscored
how different the laws relating to consumer protection, foreclo...
Mon, Oct 22 2012, 11:27 AM
Although the overnight session was generally devoid of major market
moving events, bond markets moved weaker nonetheless. We dug our heels
in at ...
Mon, Oct 22 2012, 10:29 AM
The U.S. Census Bureau tells us that in many of the largest cities of the
most-populous metro areas, downtown is becoming a place not only to work b...
Mon, Oct 22 2012, 8:42 PM
As it does each month, lender Processing Services (LPS) has
released preliminary data from its forthcoming Mortgage Monitor report. The early dat...
Mon, Oct 22 2012, 7:45 AM
Friday marked the only decidedly positive day for bond markets last
week with MBS gaining three eighths of a point and 10yr Treasuries down
to 1.7...
Mon, Oct 22 2012, 5:34 PM
Mortgage
rates were steady to very slightly higher in most cases on
Monday, though some lenders were in slightly better territory than on
Fri...
Mon, Oct 22 2012, 3:38 PM
RealtyTrac, the Irvine California
company that tracks foreclosure filings, just issued a pre-election "exclusive
report on the health of local housi...
Mon, Oct 22 2012, 1:35 PM
The Mortgage Bankers Association ( MBA )
called on policymakers in Washington today to create a new position to
coordinate housing policy ; what MB...
Fri, Oct 19 2012, 12:02 PM
It's not uncommon to expect and/or hope for a positive day for bond
markets after a progressively longer string of negative days. And
although it...
Fri, Oct 19 2012, 11:27 AM
Existing home sales declined slightly in September,
but the national median home price rose as inventories tightened. The National Association of R...
Fri, Oct 19 2012, 10:49 AM
Lenders have made some improvement in
the eyes of California real estate agents in their handling of short sales , but
the process remains problem...
Fri, Oct 19 2012, 10:14 AM
Occasionally I am asked about a graphic presentation on foreclosures in
the United States, and how they've impacted different areas. Here you go .
...
Fri, Oct 19 2012, 6:16 PM
After 4 days of nastiness--the last of which being a head-fake rally
that subsequently ended at weaker levels--bond markets finally ended in
the g...
Fri, Oct 19 2012, 3:08 PM
After moving higher every day this week mortgage rates finally held their ground
today. Despite moderately lower Treasury yields and healthy
...
Thu, Oct 18 2012, 12:37 PM
Little to say here apart from the fact that bond markets can't catch a
break. MBS and Treasuries BOTH tried to make it through their
respective t...
Thu, Oct 18 2012, 10:29 AM
The Harvard Joint Center for Housing
Studies is predicting strong gains in remodeling and home improvement activity
over the rest of 2012 and the ...
Thu, Oct 18 2012, 10:26 PM
Rather than discreet, explosive tape-bombs , the two day EU
summit that began yesterday offered up a steady stream of fairly generic
encouragemen...
Thu, Oct 18 2012, 9:38 AM
Pay no attention to those stories about "Shadow Inventory"!
Apparently that has all been soaked up. Or, at least, builders and the NAR
would like to...
Thu, Oct 18 2012, 7:32 AM
With the first part of this week catastrophically failing to demonstrate
any meaningful connection between economic data and market movements,
we'...
Thu, Oct 18 2012, 4:41 PM
Bond markets offered up a decent head fake this morning as we were stronger out of the gate for once! But that changed abruptly
heading into th...
Thu, Oct 18 2012, 3:34 PM
The Mortgage Bankers Association ( MBA )
has sent a letter to the Federal Reserve, Office of the Comptroller of the
Currency and the Federal Depos...
Thu, Oct 18 2012, 3:17 PM
Six
years ago the Center for Housing Policy (CHP) and the Center for Neighborhood
Technology (CNT) published a study, A
Heavy Load: The Combined...
Thu, Oct 18 2012, 2:29 PM
Mortgage rates have been higher every day this week ,
with Thursday's losses matching the pace of the past few sessions. The
overall difference...
Wed, Oct 17 2012, 12:41 PM
Permits
for new single family houses jumped 11.6 percent in September. The seasonally adjusted annual rate rose from
a revised August estimate of ...
Wed, Oct 17 2012, 12:28 PM
Today is a very simple (and very negative) day for bond markets. The bottom
line is that between Euro headlines and a freakishly strong Housing
S...
Wed, Oct 17 2012, 12:03 PM
The
Mortgage Bankers Association has sent a letter and supporting materials to the
Consumer Financial Protection Bureau providing its opinion on t...
Wed, Oct 17 2012, 10:27 AM
In
2011 the two government sponsored enterprises (GSEs) pursued deficiencies
following foreclosures in the amount of $2.1 billion but collected o...
Wed, Oct 17 2012, 10:03 AM
"Rob, in the old days, I'd go to conferences and secondary marketing
people would compare their status by comparing guarantee and guarantor fees.
Th...
Wed, Oct 17 2012, 8:48 AM
The Mortgage Bankers Association's (MBA)
Weekly Mortgage Applications Survey showed a slight increase in applications
for home purchases during th...
Wed, Oct 17 2012, 7:27 AM
Carrying on with the question posed at the beginning of the week regarding "confirming apathy" or " discovering organic motivation," if
we're to ...
Wed, Oct 17 2012, 4:39 PM
Although there's no way to know whether or not history will repeat
itself this time, we've seen this pattern of behavior before where
markets make...
Wed, Oct 17 2012, 2:37 PM
While
the time to close a loan increased again in September, lenders are closing a
significantly higher portion of loans than they have in earlier m...
Wed, Oct 17 2012, 2:09 PM
Even though bond markets clearly reacted to Housing Starts
data, the sharp movement still fell within the broader pattern of
movement stretching...
Tue, Oct 16 2012, 12:34 PM
The National Association of Home Builder's
(NAHB)/Wells Faro Housing Market Index (HMI) again edged closer to positive
territory this month, incre...
Tue, Oct 16 2012, 12:05 PM
As has been the case on many occasions since the inception of QE3, the biggest determining factor of MBS price levels in the AM hours has been the i...
Tue, Oct 16 2012, 9:53 AM
In terms of foreclosures, California has been having a rough go of things
recently. The state has one of the highest rates of foreclosure in the
co...
Tue, Oct 16 2012, 9:12 AM
A late-breaking WSJ story tonight covered a potential compromise on a government proposal to legislate loan approval guidelines, and it requires some ...
Tue, Oct 16 2012, 6:48 AM
The title of yesterday's "week ahead" asked whether or not markets to decide between confirming apathy and discovering organic motivation. Grante...
Tue, Oct 16 2012, 4:51 PM
Refinancing
through Freddie Mae and Fannie Mae jumped sharply in August as homeowners continued
to take advantage of record low rates. The
two gov...
Tue, Oct 16 2012, 4:33 PM
To say that MBS held a narrow trading range today would be an understatement .
Even though Treasury yields and stocks moved gradually higher
t...
Tue, Oct 16 2012, 1:56 PM
Mortgage rates continued higher on Tuesday, rising at a faster pace than Monday, and reversing two
days of improvements at the end of last we...
Mon, Oct 15 2012, 11:48 AM
We mused this morning that if markets could talk , they would seem
to have been saying "now what?" ever since QE3 went live roughly a
month ago. ...
Mon, Oct 15 2012, 10:35 AM
Will Basel III be delayed? Maybe! Here is the latest: http://www.bloomberg.com/news/2012-10-11/eu-said-to-weigh-delaying-basel-bank-rules-for-up-to-a-...
Mon, Oct 15 2012, 7:18 AM
Before the Fed announced QE3 in mid-September, markets were more active , ostensibly trading varying degrees of anticipation for
the size, shape,...
