Fri, Apr 19 2013, 4:14 PM
The day and the week had potential. As far as today was concerned, it was yet another chance to test the incessantly firm resistance that's capped the...
Fri, Apr 19 2013, 1:24 PM
Mortgage rates were very slightly lower today, but the improvement was just enough to leave most lenders at their best rates of the week. We have...
Fri, Apr 19 2013, 1:13 PM
The median price of a home in California
shot up in March to $313,000 from 289,000 in February, a one-month increase of
8.3 percent . The spike ...
Fri, Apr 19 2013, 1:08 PM
Like it or not, a lot of those people buying homes use a government-related housing program. FHA & VA lenders know that biz is good. Ginnie Mae has ...
Thu, Apr 18 2013, 12:55 PM
Edward J. DeMarco, Acting Director of
the Federal Housing Finance Agency (FHFA) appeared before the Senate Banking
Committee today. According to hi...
Thu, Apr 18 2013, 12:01 PM
The overnight session provided the week's best examples of logical cause and effect. Germany's parliamentary approval of the Cyprus bailout along wit...
Thu, Apr 18 2013, 10:32 AM
Earlier this week I received a note from the owner of a mortgage bank in Pennsylvania. "Rob, with all this 3% cap talk going on [editor's note: it i...
Thu, Apr 18 2013, 8:05 AM
Bond markets may be getting ready to make a bigger movement in the near future for several technical and fundamental reasons. From a technical standp...
Thu, Apr 18 2013, 4:11 PM
The past two days have been interesting for bond markets and MBS as the realized volatility (the gaps between the highs and the lows) has remained w...
Thu, Apr 18 2013, 3:58 PM
Fannie Mae's economists note that
economic growth was very choppy during the second half of 2012 because of
inventory swings and the same is expecte...
Thu, Apr 18 2013, 3:03 PM
The Consumer Finance Protection Agency
( CFPB ) has released a report highlighting problems with what it called " senior
designation " credentials. ...
Thu, Apr 18 2013, 2:56 PM
Mortgage rates were unchanged today, with some lenders raising costs just slightly while others were markedly improved. Taken together, there was...
Thu, Apr 18 2013, 2:33 PM
Gallup said today that more than half of
Americans expect average home prices in their local area to increase over the
next year. Fifty-one per...
Wed, Apr 17 2013, 12:42 PM
"Does the price of gold impact mortgage rates ?" No, not really, but both move based on supply and demand, political uncertainty, current events, an...
Wed, Apr 17 2013, 12:28 PM
Bank of America (BOA)
reported net income in the first quarter of 2013 of $2.6 billion or $0.20 per
diluted share, up from net income of $653 millio...
Wed, Apr 17 2013, 11:54 AM
The resistance theme of the week remains in play for MBS and Treasuries. Neither market has been able to successfully challenge the week's best level...
Wed, Apr 17 2013, 11:21 AM
Wells Fargo Bank's
Economics Group has issued commentary on housing which updates
concerns it says it has raised over the past few month "that the ...
Wed, Apr 17 2013, 8:24 AM
Mortgage applications for both
purchasing a home and refinancing one increased during the week ended April
12. The Mortgage Bankers Association
...
Wed, Apr 17 2013, 7:33 AM
For both MBS and Treasuries, the sense of "resistance " has been building for several sessions--" technical resistance" to be specific. This termin...
Wed, Apr 17 2013, 5:29 PM
Freddie Mac's economists advise readers of its April Economic
and Housing Outlook to look at employment growth over the past few months
rather t...
Wed, Apr 17 2013, 4:43 PM
If we consider the range of trading in MBS and Treasuries so far this week, Today's session saw both markets move from one extreme to the other and ha...
Wed, Apr 17 2013, 3:13 PM
Mortgage rates edged modestly lower today, signifying some level of resolve to remain at the more aggressive levels of the recently lower range in ...
Wed, Apr 17 2013, 1:05 PM
Real estate loans for multi-family
properties led all commercial and multi-family loan originations in 2012
according to the Mortgage Bankers Ass...
Tue, Apr 16 2013, 12:49 PM
The U.S. Census Bureau released two
housing market briefs on Tuesday, both the results of data collected from the
American Community Survey. Renta...
Tue, Apr 16 2013, 12:24 PM
The
Consumer Financial Protection Bureau (CFPB) has released a set of clarifying
and technical amendments to one of the several rules it released in...
Tue, Apr 16 2013, 11:49 AM
The resistance theme mentioned yesterday and today continue to play out today, as has the headline "More Data, More Opportunity To Ignore It." The ...
Tue, Apr 16 2013, 11:25 AM
Given current rates , and thus the rates at which millions of people are refinancing, the home lending industry has become keenly interested in wh...
Tue, Apr 16 2013, 10:32 AM
Building permits were issued in March at a seasonally
adjusted rate that was 3.9 percent lower than in February but 17.3 percent
higher than one y...
Tue, Apr 16 2013, 6:46 AM
The theme of the week is resistance . Were it not for the Boston Marathon bombing and the timing thereof, it looked unlikely that bond markets would...
Tue, Apr 16 2013, 4:42 PM
The Equifax March National Consumer
Credit Trends Report presents more evidence that the home finance related
credit picture is improving rapidly....
Tue, Apr 16 2013, 4:40 PM
Most of the S&P/Experian Consumer
Credit Default Indices fell in March.
The national composite default index and both first and second mortgage
...
Tue, Apr 16 2013, 4:26 PM
Bond markets began the day in weaker territory after Monday night's flight-to-safety demand steadily dried up overnight. The domestic session was gre...
Tue, Apr 16 2013, 1:46 PM
Mortgage rates moved higher today, breaking a three day trend of improvements that had rates approaching their 2013 lows. The will to push back ag...
Mon, Apr 15 2013, 12:05 PM
Excruciatingly little has changed since MBS got in the door this morning, and Fannie 3.0s continue to trade right in line with those longer-term resis...
Mon, Apr 15 2013, 11:22 AM
Despite a revival of demand for new homes, builders are
facing constraints that are eroding their confidence in the market for new
single family h...
Mon, Apr 15 2013, 7:51 AM
There's no question that the past three weeks of trading for domestic bond markets have been their best 3 week stretch of the year. This was exclusiv...
Mon, Apr 15 2013, 4:59 PM
Senior management at lenders everywhere were keenly interested in the results from Wells Fargo and Chase for the 1 st quarter, given that they are ...
Mon, Apr 15 2013, 4:23 PM
The last few ticks of price improvements in MBS amount to ill-gotten gains as they represent a quick flight to safety owing, in large part, to the tra...
Mon, Apr 15 2013, 3:58 PM
A sudden surge in single family home
prices in California coupled with flat sales are both attributed by the
California Association of Realtors® (...
Mon, Apr 15 2013, 2:08 PM
Mortgage rates moved lower for the 3rd straight day, moderately extending the solid improvements seen late last week, and bringing rates very close...
Fri, Apr 12 2013, 11:29 AM
Bond markets began the day in slightly better territory after the European session traded "risk-off." German debt rallied, peripheral debt and equiti...
Fri, Apr 12 2013, 11:03 AM
The Federal Housing Finance Agency (FHFA) has announced that Fred
C. Graham will become Deputy Director of the Division of Federal Home Loan Bank
...
Fri, Apr 12 2013, 11:02 AM
Wells Fargo beat analysts' expectations
and brought in record high earnings for the first quarter of 2013 even though
its mortgage earnings decline...
Fri, Apr 12 2013, 9:44 AM
Well, the rate lock renegotiation discussion continues, and here is one angle that I hadn't seen raised. "Lately we have been working/wrestling with...
Fri, Apr 12 2013, 7:29 AM
Thursday was an enjoyable day for bond market bulls as both Treasuries and MBS managed to open in positive territory and hold those gains without the ...
Fri, Apr 12 2013, 4:12 PM
There was a twofold rally underway right from the outset today. Europe kicked things off overnight as the risk-on move that had been going strong all...
Fri, Apr 12 2013, 2:23 PM
Mortgage rates finally extended yesterday's move lower, falling at an even quicker pace today. Weaker Retail Sales data contributed to a morning ...
Thu, Apr 11 2013, 12:21 PM
A welcome break from the recent norms this morning as bond markets have remained stable in slightly better territory. The strength began as the start...
Thu, Apr 11 2013, 10:01 AM
Not to be outdone, the CFPB published its " Small Entity Compliance Guide for the Ability-to-Repay and Qualified Mortgage Rule. " "Our
goal with thi...
Thu, Apr 11 2013, 9:28 AM
Mortgage
loan modifications completed through HOPE
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mortgage insurer...
