Fri, Jun 7 2013, 1:06 PM
Both Treasuries and MBS are weaker at the moment after hard-fought
volatility this morning. Immediately following the NFP release, both
sides of ...
Thu, Jun 6 2013, 11:44 AM
Remember all those folks that had their 401(k)'s tied up in stocks
like Countrywide, Bank of America, Lehman Brothers, National City,
WAMU... the ...
Thu, Jun 6 2013, 6:59 AM
Today is the last before the event we've been waiting for since May 22nd. It was that dose of unexpectedly candid taper talk from Bernanke (later e...
Thu, Jun 6 2013, 5:30 PM
Frank Nothaft , Freddie Mac vice president and
chief economist said, "Borrowers continue to strengthen their
fiscal house by taking advantage of nea...
Thu, Jun 6 2013, 4:42 PM
Mortgage rates improved today ,
bringing them back in line with the week's lower levels from Monday.
It's worth noting, that Monday's rates wer...
Thu, Jun 6 2013, 4:36 PM
Do markets know something that we don't know? That's a tempting
question to ask after witnessing what was probably the most significant
global ma...
Thu, Jun 6 2013, 3:58 PM
Among
the areas of focus in the most recent edition of Lender Processing
Service's (LPS) Mortgage
Monitor are the metrics
surrounding the market...
Thu, Jun 6 2013, 2:05 PM
The morning has been intense in terms of the " unseen hand " causing massive market movements. I talk a lot about "tradeflows
and technicals" movin...
Thu, Jun 6 2013, 1:25 PM
Although there was no
information as to precisely what precipitated it, Wells Fargo Bank ,
N.A. has agreed to invest $39 million dollars to help im...
Thu, Jun 6 2013, 1:24 PM
Every
month Fannie Mae releases a report on the results of its most recent
National Housing Survey. The survey, which is conducted by telephone
am...
Thu, Jun 6 2013, 1:22 PM
For the fifth straight month more than
70 percent of U.S. Metropolitan areas are listed as "improving"
by the National Association of Home Builder...
Wed, Jun 5 2013, 12:24 PM
Representative
Darrell Issa (R-CA) is said to have accused the Federal Housing
Administration (FHA) of attempting to bury a $115 shortfall in its
...
Wed, Jun 5 2013, 11:42 AM
There was perhaps more volatility than MBS markets would have liked
following this morning's weaker-than-expected ADP Employment numbers.
Private...
Wed, Jun 5 2013, 11:33 AM
Yesterday the commentary mentioned a question, "Rob, how can I gear up my consumer direct division to go after purchase business?" I
received this n...
Wed, Jun 5 2013, 8:54 AM
There
was another substantial drop in mortgage applications during the week
ended May 31 as rates increased, in some cases to 13 month highs.
Th...
Wed, Jun 5 2013, 7:55 AM
It's a sign of the times when fringy (no negative connotation here; merely refers to edge of spectrum) non-voting FOMC members express their fringy op...
Wed, Jun 5 2013, 6:17 PM
The blood-letting in MBS continued today in terms of price gains
relative to broader rates markets. For instance, 10yr Yields were
roughly 6 bps ...
Wed, Jun 5 2013, 4:18 PM
Mortgage rates were mixed today ,
with different parts of the interest rate spectrum moving in different
directions. In other words, for borrow...
Wed, Jun 5 2013, 3:12 PM
More than 750 builders are in
Washington today, attending the National Association of Home Builders
( NAHB ) annual Legislative Conference. Over ...
Wed, Jun 5 2013, 2:56 PM
The fifth annual report of the State
Regulatory Registry (SRR) shows substantial growth in its National
Mortgage Licensing System ( NMLS ) as that...
Wed, Jun 5 2013, 2:23 PM
Following the success of an
escalation process initiated in February, Fannie Mae is introducing
another website tool to help real estate professiona...
Tue, Jun 4 2013, 12:29 PM
After a relatively uneventful overnight session, bond markets kicked off
the domestic hours unchanged from yesterday's close, but started
slipping...
Tue, Jun 4 2013, 11:16 AM
"Rob, how can I gear up my consumer direct division to go after purchase business? "
That is a good question to which I don't know the answer - wis...
Tue, Jun 4 2013, 6:23 PM
Despite being near their best historical levels compared to Treasuries
in the long run, MBS are at their weakest relative levels of performance
si...
Tue, Jun 4 2013, 6:11 AM
Tuesday is the last day of the week without a major potential tape
bomb on the economic calendar. Thursday is arguably in that same boat,
but see...
Tue, Jun 4 2013, 4:25 PM
Mortgage rates were moderately higher today ,
taking most lenders into slightly higher territory than yesterday or
last Tuesday (the two worst d...
Tue, Jun 4 2013, 1:50 PM
The Consumer
Financial Protection Bureau is giving financial and mortgage
companies a heads-up about what examiners will be looking for under
new...
Tue, Jun 4 2013, 1:34 PM
Citing
his concerns that homeowners across New York State are being held in
"legal limbo" , the state's Attorney General, Eric T.
Schneiderman, ha...
Tue, Jun 4 2013, 1:27 PM
Delinquency rates for commercial and
multifamily mortgages generally declined during the first quarter of
the year except for a notable increase in...
Tue, Jun 4 2013, 1:11 PM
According to the
CoreLogic April Home Price Index (HPI) including distressed sales
home prices are now up 12.1 percent on an annual basis. In M...
Mon, Jun 3 2013, 12:38 PM
The U.S. Census Bureau has just
released the 2012 version of its report on Characteristics of New
Housing . The report is composed of dozens of in...
Mon, Jun 3 2013, 11:45 AM
Even though a case could be made for some technical exhaustion amid the
recent, pervasive sell-off, the morning's data has certainly played a
part...
Mon, Jun 3 2013, 9:53 AM
Underwriters and loan originators are acutely aware of a trend
reflected in a stat the Census Bureau recently released: the number of
businesses w...
Mon, Jun 3 2013, 7:41 AM
It's not the shortest week of the year, but it might as well be. By far and away, the most significant event
will occur on Friday with Non-Farm P...
Mon, Jun 3 2013, 4:21 PM
Though MBS began the day in weaker territory than Treasuries, they were
able to (eventually) keep pace with much of the rally that followed this
m...
Mon, Jun 3 2013, 3:40 PM
Mortgage rates barely budged today ,
but only when comparing the most recent batch of rate sheets to
Friday's latest. Between now and then, the...
Mon, Jun 3 2013, 2:43 PM
The
third of five planned concept papers outlining recommended steps to
ease the transition during secondary market reform was published
today by...
Fri, May 31 2013, 12:19 PM
Most of the pertinent details of the morning have been covered in
the previous 'special alert.' The recap below fills in the blanks with
more spe...
Fri, May 31 2013, 10:14 AM
As a courtesy to our readers who aren't yet subscribers to MBS Live , we wanted to bring you an early update this morning as conditions have grown ...
Fri, May 31 2013, 7:37 AM
After an eerily uncommon two days in a row of gains, bond markets will face off with an old friend: ' month-end .' This tends to be a supportive time...
Fri, May 31 2013, 7:25 PM
Every borrower wants their
mortgage closing to be simple and stress free. While it may not
always feel like it (between loan processors' requests f...
Fri, May 31 2013, 6:04 PM
If we consider the worst 5-week batches of time for production MBS, and
even if we allow late 2010 to combine the worst 5 weeks spanning
November ...
Fri, May 31 2013, 4:57 PM
The massive public database of consumer
complaint information which the Consumer Financial Protection Bureau
(CFPB) brought on-line in March has now...
Fri, May 31 2013, 4:03 PM
Mortgage rates moved back up to the highest levels of the week ,
confirming a bumpy ride between now and next week's big jobs report.
The day b...
Fri, May 31 2013, 3:10 PM
As
the housing crisis unrolled the Department of Housing and Urban
Development (HUD) and the two government sponsored enterprises (GSEs)
Freddie Ma...
Fri, May 31 2013, 2:14 PM
"The guy next door" as well as multi-billion dollar venture capital
funds know that, right? Well, the housing industry is hoping that
venture capi...
Thu, May 30 2013, 12:45 PM
The morning so far has been a simple one. Treasuries traded in their
most narrow range of the week overnight, though lost some ground into
the do...
Thu, May 30 2013, 11:15 AM
The Obama Administration has extended its Making Home
Affordable (MHA) program through December 2015. The action, taken
Thursday brings that pro...
Thu, May 30 2013, 11:03 AM
Pending home sales in April rose a
slight 0.3 percent to 106.0 on the National Association of Realtors®
(NAR) Pending Home Sales Index (PHSI). I...
Thu, May 30 2013, 10:50 AM
The Federal Housing Finance Agency (FHFA) published an interim final rule in the Federal Register recently which mean that the long drawn-out saga...
