Wed, Sep 26 2012, 5:49 PM
Fannie Mae and Freddie Mac (the GSEs)
completed approximately 129,000 foreclosure prevention actions during the
second quarter of 2012, bringing ...
Wed, Sep 26 2012, 4:35 PM
MBS Live : MBS Afternoon Market Summary
Since yesterday afternoon, Treasuries have rallied more effectively than MBS. It's been a good,...
Wed, Sep 26 2012, 2:50 PM
The extent to which Mortgage rates have fallen since the Fed's QE3 announcement is nothing short of astonishing . Beginning on the day of the QE3 ...
Tue, Sep 25 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
MBS are at their weakest levels of the morning. Taken out of context, that could come across as di...
Tue, Sep 25 2012, 11:16 AM
The July House Price Index (HPI)
released by the Federal Housing Finance Agency (FHFA) this morning follows the
S&P/Case-Shiller report issued ear...
Tue, Sep 25 2012, 11:07 AM
Home prices as measured by the S&P/Case-Shiller
Home Price Indices rose across the board in July with both the 10- and 20-City
Composites and all...
Tue, Sep 25 2012, 9:50 AM
Here is a story that attracts some notice: "Toys R Us said it will hire
45,000 seasonal employees across the United States to cope with the upcoming
...
Tue, Sep 25 2012, 7:36 AM
Monday's session was odd, but enjoyable for MBS devotees. We'd be hard pressed to cite one significant driver of trade other than the simple fact t...
Tue, Sep 25 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
Bond markets walked in the door in stronger territory and promptly began a mild, yet determined ...
Tue, Sep 25 2012, 2:47 PM
Mortgage rates surged lower again today , continuing an ongoing push into lower all-time lows . Although bond markets in general moved lower in ra...
Tue, Sep 25 2012, 2:47 PM
Even while housing is repeatedly cited as a leading cause of the Great
Recession and as a significant key to a full recovery the candidates for
Pres...
Mon, Sep 24 2012, 11:31 AM
Welcome to the first business day since the autumn equinox. This is the
day when the tilt of the earth's rotational axis is perfectly perpendicular t...
Mon, Sep 24 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
It's been an exceptionally slow morning for US trading with the more meaningful movement seen over...
Mon, Sep 24 2012, 11:02 AM
Lender Processing Services (LPS) previewed its October Mortgage Monitor Report today and it
shows a continued decline in both mortgage delinquen...
Mon, Sep 24 2012, 7:33 AM
You name it and this week has more of it. Compared to last week, which had very little by way of economic data, no Treasury auctions, and no major ...
Mon, Sep 24 2012, 4:43 PM
MBS Live : MBS Afternoon Market Summary
Yet again, MBS traded in a remarkably narrow trading range given the all-time high price levels. Tre...
Mon, Sep 24 2012, 2:16 PM
The Federal Housing Finance Agency's
Office of Inspector General ( FHFA OIG ) has recommended that FHFA issue
standards for the two government spons...
Mon, Sep 24 2012, 2:05 PM
Mortgage rates begin the week at new all-time lows yet again after falling significantly from last week's series of previous all-time lows. Mark...
Mon, Sep 24 2012, 1:26 PM
The level of commercial and
multifamily mortgage debt decreased by 0.4 percent from the first to the second
quarter of 2012 according to the Mortg...
Fri, Sep 21 2012, 12:13 PM
The Government Accountability Office
(GAO) has completed a study with results that most of us could have
anticipated. After a review of a number
...
Fri, Sep 21 2012, 12:01 PM
MBS Live : MBS Morning Market Summary
When Fannie 3.0s first started trading just under a year ago, they did so within a 1 point range of...
Fri, Sep 21 2012, 11:00 AM
"Rob, I'm a new LO in Connecticut. What's the scoop on this news
about loans in my state being more expensive than others for home loans?"
Under the...
Fri, Sep 21 2012, 8:22 AM
In yesterday's MBS Recap , we noted a general repetition of the previous sessions trading patterns, volume, and volatility. In fact, each day this w...
Fri, Sep 21 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Production MBS--Fannie 3.0's in this case--hit all time highs for a 2nd Friday in a row, still ba...
Fri, Sep 21 2012, 2:17 PM
Mortgage rates began moving lower last Thursday and since then have fallen every single day, crossing into new all-time lows in the process. Toda...
Thu, Sep 20 2012, 11:53 AM
MBS Live : MBS Morning Market Summary
Even if we can't be sure that today's trading will end up the same as yesterday's, it has at least b...
Thu, Sep 20 2012, 10:33 AM
A federal regulator is proposing that five states with higher
than average foreclosure costs pick up part of the tab for those foreclosures
throug...
Thu, Sep 20 2012, 10:22 AM
Don't do the crime if you can't do the time. Here's a loan officer in
Washington facing 10-14 years for falsifying documents .
Will those in the ...
Thu, Sep 20 2012, 7:17 AM
Wednesday's data proved to be largely inconsequential, either because it wasn't what bond markets were interested in or simply because they were more...
Thu, Sep 20 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
With the arrival of slightly more important pieces of data and events, volume picked up slightly ...
Thu, Sep 20 2012, 2:45 PM
Mortgage rates have moved lower every day this week. Today's move was even more pronounced than yesterday's, carrying rates decisively into NEW al...
Thu, Sep 20 2012, 1:19 PM
Misuse of the FHA Preforeclosure Sale
Program may have cost the Department of Housing and Urban Development (HUD)
over a billion dollars for ...
Wed, Sep 19 2012, 12:05 PM
Existing home sales and home prices both
improved in August, with sales rising 7.8 percent on a seasonally adjusted
annual basis. According to in...
Wed, Sep 19 2012, 11:46 AM
MBS Live : MBS Morning Market Summary
Volumes are finall y creepi ng higher than the eerily slow first two days of the week and things have...
Wed, Sep 19 2012, 11:29 AM
The time
needed to close a mortgage loan has increased by almost 25 percent over the
last year, from an average of 40 days to 49 and it was refi...
Wed, Sep 19 2012, 11:27 AM
"Rob , how the heck are we supposed to know what any financial asset is
worth? For many years the government has given farm subsidies, sugar cane
s...
Wed, Sep 19 2012, 10:09 AM
Permits for construction of privately-owned
housing dipped slightly in August, down 1.0 percent to a seasonally adjusted
annual rate of 803,000 unit...
Wed, Sep 19 2012, 9:17 AM
Applications for mortgages during the
week ended September 14 were virtually unchanged from the previous week
according to the Mortgage Bankers As...
Wed, Sep 19 2012, 7:27 AM
To hear the story told by NAHB's index yesterday, the housing market is in the best shape since June 2006 --the major caveat being that sales EXPE...
Wed, Sep 19 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
If we must be " drifting " at the moment, there are certainly worse ways to go about it. The curre...
Wed, Sep 19 2012, 4:10 PM
Building permits for residential
remodeling were issued at a seasonally adjusted annual rate of 3.14 million in
July, an increase of 6 percent fro...
Wed, Sep 19 2012, 2:54 PM
Mortgage rates moved lower yet again on Wednesday. Given that yesterday's average rates were already inching into ALL-TIME low territory, today'...
Tue, Sep 18 2012, 12:07 PM
The National Association of Home
Builders (NAHB)/Wells Fargo Housing Market Index (HMI) which measures builder
confidence hit a six year high in Se...
Tue, Sep 18 2012, 11:51 AM
After increasing for two quarters
TransUnion's Credit Risk Index (CRI) ratcheted back down in the second quarter
of 2012 to about the same place i...
Tue, Sep 18 2012, 11:50 AM
MBS Live : MBS Morning Market Summary
While the overnight session saw increased volume and movement, the domestic session has been broadly ...
Tue, Sep 18 2012, 11:22 AM
And now for something completely non-mortgage related...For you astronomy
& space explorations fans out there in Northern California, if you're
arou...
Tue, Sep 18 2012, 10:57 AM
The Federal Housing Finance Agency's Office
of Inspector General (FHFA-OIG) has completed two evaluations related to
servicing of Fannie Mae and...
Tue, Sep 18 2012, 7:57 AM
It's an admittedly light week in terms of domestic economic data. Not only are the reports few, but those we do get aren't the most urgent market m...
Tue, Sep 18 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
It's still possible to count the number of days where Fannie 3.0s have closed over 104-00 without using t...
Tue, Sep 18 2012, 3:25 PM
Fannie Mae's economists are
predicting continued slow growth in the second half of the year. The first half was marked by improvements in
some eco...
