Tue, May 21 2013, 11:13 AM
If you're like me and rest your weary eyes each night by reading the Fair Housing Act of 1968, then you don't need to be told that the act " prohibit...
Tue, May 21 2013, 6:12 AM
There continues to be little to do or say about the first two days of the week. For the most part, they merely serve as a sort of cruel waiting game ...
Tue, May 21 2013, 4:28 PM
In sort of an inverted reading of the recent script, bond markets weakened right out of the gate and began improving at 10am (several notable occasion...
Tue, May 21 2013, 3:32 PM
Mortgage rates finally caught a break, moving just slightly lower for only the second time this month. For some, the drop in rates may be too litt...
Mon, May 20 2013, 12:49 PM
Most risk professionals who
participated in a recent survey believe the status quo is going to prevail when
it comes to loan delinquencies over the ...
Mon, May 20 2013, 12:36 PM
Please note the timestamp on the pricing snapshot below, and that it's about an hour and 15 minutes old. The snapshot will continue to be generated b...
Mon, May 20 2013, 9:32 AM
Here in Austin, at the Texas Mortgage Banker Association's yearly conference, the talk is not so much about the Millennial generation but about how ...
Mon, May 20 2013, 7:53 AM
Whether or not it turns out to be justified, hype and anticipation have been building over this week's FOMC Minutes for over a week now. The hy...
Mon, May 20 2013, 4:44 PM
Bond markets got in this morning and quickly began undoing some of the damage done by the overnight trading session. Treasuries and MBS both opened f...
Mon, May 20 2013, 3:56 PM
Mortgage rates continued May's nearly constant trend higher to begin the week, though the pace of increases is slower compared to that seen on F...
Mon, May 20 2013, 2:53 PM
Maintaining that the conservatorships of Fannie Mae and Freddie Mac (the GSEs) have caused government involvement in the mortgage market to balloon...
Mon, May 20 2013, 1:31 PM
Fannie Mae's economic and strategic research team today called the housing recovery "undeterred" after it contributed 0.3 percentages points to ec...
Fri, May 17 2013, 12:51 PM
Here we are again... All but a few days this week have seen morning sell-offs that have required negative reprice alerts for MBS Live subscribers . ...
Fri, May 17 2013, 7:53 AM
The bulk of the week's activity has passed, from a calendar standpoint, and this morning's Consumer Sentiment data is all that's left on the domestic ...
Fri, May 17 2013, 4:56 PM
The Center for Responsible Lending (CRL) has released a brief issues paper voicing objections to HR 1077 , The Consumer Mortgage Choice Act. The bil...
Fri, May 17 2013, 4:46 PM
MBS took a running start downhill this morning before reaching the edge of the cliff marked by yesterday morning's "ledge" of prices. This was the 10...
Fri, May 17 2013, 3:51 PM
Mortgage rates moved higher at their fastest pace in two weeks , after having their best day in more than 6 weeks just yesterday. The net effe...
Fri, May 17 2013, 3:18 PM
Lawrence Yun, chief economist for the National Association of Realtors® (NAR) said Thursday it might be time to " dial down the credit stringency ." ...
Fri, May 17 2013, 2:26 PM
A Texas homebuilder will surrender more than $100,000 to the Consumer Finance Protection Agency under a consent order filed on Friday. Paul Taylo...
Fri, May 17 2013, 2:04 PM
Senator Bill Nelson (D-FL has asked for an investigation and possible "crackdown" on the manner in which short sales are impacting consumer credit fi...
Fri, May 17 2013, 1:54 PM
The Consumer Finance Protection Agency (CFPB) reminded lenders today that new Truth in Lending Act (TILA) rules banning mandatory arbitration provis...
Fri, May 17 2013, 1:18 PM
Among the nation's 30 largest metro areas included in a recent Zillow study, Pittsburgh (39%), Tampa (33%), New York (30%), Cleveland (29%) and Miami ...
Thu, May 16 2013, 11:50 AM
Hopefully, in talking about the half point rally in MBS we're not unintentionally "jinxing" it, but yeah--there's a half point rally underway in MBS. ...
Thu, May 16 2013, 9:51 AM
The U.S. Census Bureau and the Department of Housing and Urban Development said today that new housing starts were down in April by 16.5 percent c...
Thu, May 16 2013, 9:27 AM
"Talent hits a target no one else can hit; genius hits a target no one else can see." Hedge funds and investment banks have a lot of talent, and perio...
Thu, May 16 2013, 9:03 AM
The median price of homes in California
topped $400,000 in April for the first time in five years. The California Association of Realtors®
(C.A.R...
Thu, May 16 2013, 8:59 AM
"Nationwide and in most markets it
appears builders are planning to ramp up activity that will help offset a drop
in foreclosure starts , but the...
Thu, May 16 2013, 8:01 AM
If the presence of greater amounts of economic data was a benefit for bond markets on Wednesday (and we're not sure that it was), then Thursday has ev...
Thu, May 16 2013, 4:47 PM
Yesterday and again early this morning (before the data), we discussed the potential significance of yesterday's prices failing to make a new low for ...
Thu, May 16 2013, 4:15 PM
Mortgage rates moved lower at their fastest pace in 6 weeks today, erasing most of the losses seen so far this week. Not all lenders have adju...
Thu, May 16 2013, 1:15 PM
CoreLogic said today that home prices are projected to increase 3.9 percent on an annualized basis between the fourth quarter of 2012 and the same q...
Wed, May 15 2013, 12:49 PM
Builder confidence has perked up
again. After dropping three points in
April to 41, the National Association of Home Builders (NAHB)/Wells Fargo
...
Wed, May 15 2013, 12:46 PM
Once again, please note the timestamp in the pricing snapshot below, as it is about an hour and a half old now. This time gap will continue to be the...
Wed, May 15 2013, 11:42 AM
Where's the Fed's head when it comes to housing? I can't say for sure, but Fed Governor Duke's speech on " The Mortgage Market and Housing Condition...
Wed, May 15 2013, 11:09 AM
Lender Processing Services (LPS) has release a new
tool for mortgage servicers that the company says will allow them to "provide
consistent, real-ti...
Wed, May 15 2013, 9:50 AM
Realtors meeting at the National Association of Realtors® Midyear Legislative Meetings and Trade Expo heard two presentations about the roles the fed...
Wed, May 15 2013, 9:15 AM
Is it possible that the sluggishness of
the foreclosure pipeline is actually camouflaging low mortgage delinquency
rates ? TransUnion raised the...
Wed, May 15 2013, 8:13 AM
Applications for both purchasing and refinancing homes
dropped during the week ended May 10 as interest rates reversed the downward
trend of the ...
Wed, May 15 2013, 7:09 AM
Wednesday brings enough data in the morning hours that it could help shape the trading day for bond markets. This wasn't the case on Tuesday where an...
Wed, May 15 2013, 4:51 PM
Mortgage rates had a good day, despite the fact that the day-over-day change from yesterday is flat to slightly higher. Part of the reason for ...
Wed, May 15 2013, 4:36 PM
It's about 24 hours too soon to start getting excited, but for the very first time in May, MBS did NOT make new lows today! That's not for lack of tr...
Wed, May 15 2013, 3:58 PM
Nearly a quarter million homeowners received mortgage loan modifications through HOPE NOW during the first quarter of 2013. The voluntary private...
Wed, May 15 2013, 3:44 PM
Nearly half of members responding to a National
Association of Federal Credit Unions survey say they are already planning to drop
loans from thei...
Wed, May 15 2013, 3:37 PM
The Federal Housing Finance Agency ( FHFA ) published an interim final rule in the Federal Register on Tuesday which may mean that the long drawn-ou...
Wed, May 15 2013, 3:07 PM
Under Dodd-Frank, the Consumer Finance Protection Bureau
( CFPB ) was required to issue several mortgage rules , ostensibly intended to 'protect
co...
Wed, May 15 2013, 1:14 PM
Several speakers representing lenders, servicers, and appraisers spoke to Realtors
attending their Midyear Legislative Meetings in Washington on Wedn...
Wed, May 15 2013, 1:05 PM
The percentage of loans originated for purchasing homes increased again in April , the third consecutive month they have done so. According Ellie Ma...
Tue, May 14 2013, 12:18 PM
Please note the timestamp in the pricing snapshot below (11:09am EST). The mid-day post will always pull a snapshot of current prices between 11:00 a...
Tue, May 14 2013, 10:17 AM
Freddie Mac has opened applications for its new Streamlined Modification program , making it available to all eligible borrowers immediately, six we...
Tue, May 14 2013, 10:13 AM
"Rob, why would Warren Buffett recommend stocks and not bonds? And do they always move in opposite directions?" The answer is no, they don't alway...
