Fri, Sep 7 2012, 12:02 PM
MBS Live : MBS Morning Market Summary
MBS and Treasuries' cups runneth over... Or perhaps their cups are leaking a bit after the headier m...
Fri, Sep 7 2012, 11:42 AM
In 1970, Marian McQuade began a campaign to establish a day to honor
grandparents which finally paid off in 1978 when President Jimmy Carter signed
...
Fri, Sep 7 2012, 11:15 AM
Researchers for the Federal Reserve Bank of Boston have
taken a fresh look at the impact of foreclosures on the price of other homes in
a neighbor...
Fri, Sep 7 2012, 7:50 AM
As far as NFP 's go (the " nonfarm payrolls " component of the Employment Situation Report ), today's is a big one for several reasons. Befor...
Fri, Sep 7 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
How Green Was My Rally? Apparently not as green as it was... This morning's gains took MBS into u...
Fri, Sep 7 2012, 1:59 PM
The Home Affordable Refinance Program
( HARP ) hit what its sponsoring agency considered a milestone in July, with a
total of 519,000 loans refin...
Fri, Sep 7 2012, 1:41 PM
Mortgage rates moved strongly lower today regaining the territory lost after yesterday's disconcerting move higher. On average, this leaves rates a...
Thu, Sep 6 2012, 11:49 AM
I'll be standing in line Saturday in Austin, TX to enter the UT
football game. For something non-mortgage related, but interesting from a human
natu...
Thu, Sep 6 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
ECB Pres Mario Draghi generally delivered on what had been well-telegraphed policy changes in t...
Thu, Sep 6 2012, 11:00 AM
The American Bankers Association (ABA)
has reminded its members and others in the industry that the next few months
are critical to lenders becaus...
Thu, Sep 6 2012, 7:53 AM
In case you missed it, the ECB has been doing everything it can to telegraph today's policy changes. This began as early as late July's " London spee...
Thu, Sep 6 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Despite the relatively larger movement in MBS prices today, the underlying market events weren't al...
Thu, Sep 6 2012, 1:55 PM
Mortgage rates moved noticeably higher today after a better-than-expected report on private payrolls suggested that tomorrow's all-important Employm...
Wed, Sep 5 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
As we've seen so many times since the onset of Operation Twist, the daily scheduled Fed buying has ...
Wed, Sep 5 2012, 10:40 AM
Yes, most kids are back to school. How many is that? The Census Bureau
reports that there are about 80 million
children and adults enrolled in scho...
Wed, Sep 5 2012, 8:23 AM
Mortgage applications declined again
during the week ended August 31, down 2.5 percent on a seasonally adjusted
basis from a week earlier. The Mor...
Wed, Sep 5 2012, 7:14 AM
Tuesday proved to be an interesting post-Labor Day Tuesday as bond markets ended the day fairly close to Friday's levels. Additionally, Treasuries ...
Wed, Sep 5 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
No matter how many times and how vigorously we shake the magic 8-ball, it continues offering the mo...
Wed, Sep 5 2012, 3:20 PM
Mortgage rates moved very slightly higher today and in some cases, were unchanged. This keeps average rates in the same territory as last Friday an...
Wed, Sep 5 2012, 3:17 PM
Loan modifications through the HOPE NOW
program increased dramatically in July, soaring 43 percent from the number of
completed modifications in J...
Tue, Sep 4 2012, 12:15 PM
The National Association of Realtors® (NAR)
said that Realtors are expressing less confidence about overall
market conditions, buyer and seller traf...
Tue, Sep 4 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
Bond markets opened in weaker territory this morning after ECB Pres Mario Draghi was quoted as saying ...
Tue, Sep 4 2012, 11:08 AM
Yes, it's Tuesday already - and football season. Wasn't it just Memorial
Day? Here's a quick one told to me by a college football referee in Ohio:
"...
Tue, Sep 4 2012, 10:13 PM
MBS Live : MBS Afternoon Market Summary
Markets were still shaking off some of the extended weekend today as volume was relatively low fo...
Tue, Sep 4 2012, 10:12 AM
Home prices in
the U.S. enjoyed the largest annual increase in July that they had in six
years, increasing 3.8 percent from prices in July 2011. ...
Tue, Sep 4 2012, 7:48 AM
The first week of September is here, and with it, the first salvo of the "big ticket events" that we've been waiting for since the rally that follow...
Tue, Sep 4 2012, 4:07 PM
Construction spending was $834.39 billion in July compared
to $842.22 billion in June and $763.47 in July 2011, a decrease of 0.9 percent
from the ...
Tue, Sep 4 2012, 3:12 PM
Mortgage rates were completely unchanged today despite the 3-day Labor Day weekend. Historically, there has been a fair amount of volatility betwee...
Tue, Sep 4 2012, 2:59 PM
Freddie Mac has authorized its mortgage servicers to
extend all of the company's mortgage relief options to its borrowers along the
Gulf Coast affec...
Fri, Aug 31 2012, 11:36 AM
Fannie Mae reduced its Gross Mortgage
Portfolio by $5.86 billion during July to $667 billion and is reducing that
portfolio at a compound annualiz...
Fri, Aug 31 2012, 11:23 AM
Fannie Mae and Freddie Mac's guarantee
fees (g-fees) on single-family mortgages are about to go up by an average of 10
basis points. The increa...
Fri, Aug 31 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
After some morning weakness, bond markets were able to get back to relative flatness heading into B...
Fri, Aug 31 2012, 8:18 AM
The lead-off analogy is one that we've used many times to relate a relatively simple market phenomenon, just as the primary subject material is a re...
Fri, Aug 31 2012, 5:01 PM
Mortgage rates moved slightly lower today reaching their best levels since early in the month after a speech from Fed President Bernanke in Jackson ...
Fri, Aug 31 2012, 4:36 PM
MBS Live : MBS Afternoon Market Summary
Today's tricky because the obvious focus had been Bernanke's Jackson Hole speech . So seeing a su...
Thu, Aug 30 2012, 11:50 AM
Mortgage bankers saw
their profits surge during the second quarter of 2012, increasing from $1,654 on
each loan originated in the first quarter of...
Thu, Aug 30 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Lowest 10yr yield on 8/28 was 1.6147... Given that we generally characterize the current week as fl...
Thu, Aug 30 2012, 10:18 AM
I can't walk by a magazine stand in a grocery store or an airport without
seeing a bunch of folks on the covers who are either in better shape than I...
Thu, Aug 30 2012, 8:35 AM
Foreclosed and pre-foreclosed homes
maintained their position as the source of over a fifth of U.S. home sales in
the second quarter of 2012. Twe...
Thu, Aug 30 2012, 7:25 AM
Bond markets continued to give the impression that they're not eager to commit to any prolonged directional moves ahead of the series of events most...
Thu, Aug 30 2012, 4:30 PM
MBS Live : MBS Afternoon Market Summary
Thursday night and we've essentially seen the sidewa ys range established last Thursday hold up in...
Thu, Aug 30 2012, 4:05 PM
Mortgage rates moved slightly lower today recovering a portion of weakness seen yesterday. Markets have a lot on their plate in the first two weeks...
Thu, Aug 30 2012, 2:04 PM
Delinquency rates for commercial and
multi-family mortgages continued to rise in CMBS portfolios during the second
quarter of 2012 and now stand a...
Wed, Aug 29 2012, 11:35 AM
MBS Live : MBS Morning Market Summary
This morning has seen Q2 final GDP print +1.7 percent, as expected, as well as a better-than-expect...
Wed, Aug 29 2012, 10:47 AM
Pending home sales rose to the highest
level in over two years last month according to the Pending Home Sales Index
for July released by the Nationa...
Wed, Aug 29 2012, 10:35 AM
While applications for purchase mortgages rose
slightly during the week ended August 24 it wasn't enough to compensate for the
drop in refinancing a...
Wed, Aug 29 2012, 7:54 AM
Occasionally, reality proves to sober the cynicism or concern in our analysis. Sometimes, events crop up that have an unexpectedly large impact on tr...
Wed, Aug 29 2012, 4:46 PM
First lien mortgage debt decreased
substantially during the second quarter of 2012, bringing overall household
indebtedness down by $53 billion co...
Wed, Aug 29 2012, 4:22 PM
Mortgage rates moved higher today at a fairly quick pace after falling in line with their best levels of the month yesterday. The move doesn't alte...
Wed, Aug 29 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Volume increased today as headlines and data became more plentiful, but not necessarily because of ...
