Wed, Apr 3 2013, 7:01 AM
Whereas Monday required some level of qualification and explanation to be considered an extremely flat session, Tuesday asked for no such consideratio...
Wed, Apr 3 2013, 5:45 PM
Two state's attorneys general have
raised the public profile of their earlier requests that Edward DeMarco, acting
director of the Federal Housing F...
Wed, Apr 3 2013, 4:41 PM
Today's DOMESTIC data-driven rally has definitely looked the part of "endangered species" over the past few years and especially in the past two w...
Wed, Apr 3 2013, 3:32 PM
Mortgage rates improved at their fastest pace in a week, bringing
most lenders' rate sheet offerings to their best levels since the first few
...
Tue, Apr 2 2013, 11:45 AM
Mortgage markets have done almost admirable job of holding their ground against what has been an almost admirable risk rally in Europe. Why only "alm...
Tue, Apr 2 2013, 11:08 AM
Fannie Mae
reported today that the company had an annual net income of $17.2 billion for FY
2012 compared to a net loss of $16.9 billion in FY 20...
Tue, Apr 2 2013, 11:07 AM
The improving economy is leading to
mixed results for sales of non-owner occupied properties. The National Association of Realtors® (NAR)
reported ...
Tue, Apr 2 2013, 10:30 AM
Mortgage companies saw their average per-loan profits fall in the fourth quarter of 2012 as increasing costs outweighed higher revenues the Mortga...
Tue, Apr 2 2013, 7:20 AM
Monday's opener left a lot to be desired in terms of activity, but made up for it by being a solid day for MBS specifically. Treasuries caught a bi...
Tue, Apr 2 2013, 5:04 PM
In 1981 Jimmy Carter handed the reins to Ronald Reagan. The prime rate hit 20.5% , and yes, people still bought houses. (It has been at 3.25% for the...
Tue, Apr 2 2013, 4:11 PM
Most of today's detectable movement was seen in the overnight session as European markets got back to work after 4 days off. Treasuries actually ralli...
Tue, Apr 2 2013, 2:55 PM
Mortgage rates held steady or improved slightly today in MOST cases, though this isn't true for every lender. The day itself was flat and uneventf...
Mon, Apr 1 2013, 11:54 AM
The absence of European trading and headlines makes for an extremely quiet session today in terms of volume and the pace of events that require respon...
Mon, Apr 1 2013, 11:43 AM
There continues to be a debate about whether or not 30-yr mortgages/liens are a good idea or not .
The MBA's president - Dave Stevens - weighed in ...
Mon, Apr 1 2013, 11:05 AM
While a mortgage is a financial contract between a
borrower and a lender, when a foreclosure occurs there are repercussions that
impact parties ext...
Mon, Apr 1 2013, 8:07 AM
With the failure to make any meaningful progress last week, the 2013 version of Italy's political crisis has come to a head. On the same day that U...
Mon, Apr 1 2013, 4:18 PM
To reiterate that which has already been said, today's price movements in MBS belied the level of activity in bond markets. While MBS weren't quite as...
Mon, Apr 1 2013, 3:29 PM
Mortgage rates improved slightly today, helped along by a weak manufacturing data on an otherwise quiet day. Had it not been for that report at 10...
Thu, Mar 28 2013, 11:25 AM
Although bond markets have been far from completely flat--in fact there was a solid 4bp swing in 10yr Treasuries overnight--both MBS and Treasuries ar...
Thu, Mar 28 2013, 9:57 AM
A new
report issued today by RealtyTrac says that the U.S. foreclosure inventory has
increased by about 12 percent since May 2012 when it hit a fi...
Thu, Mar 28 2013, 7:47 AM
Today should be interesting to say the least. As is frustratingly the case on days where the biggest potential market movement is reserved for Eu...
Thu, Mar 28 2013, 4:37 PM
Today was an uncommon combination of strong volume and insanely contained price ranges. It's not a frequent occurrence and even less so outside quart...
Thu, Mar 28 2013, 1:55 PM
Mortgage rates moved gently higher today, but levels were close enough to unchanged that several lenders were either in line with yesterday's rates...
Thu, Mar 28 2013, 1:21 PM
In
addition to announcing the availability of a new consumer complaint database , Richard Cordray , Director of the Consumer Financial
Protection ...
Thu, Mar 28 2013, 1:18 PM
Starting today consumers will be
able to track complaints about products and services levied by other consumers
against some 450 financial services ...
Thu, Mar 28 2013, 1:14 PM
The
monthly housing commentary published by Fannie Mae's economists noted some
downsides to the market in early 2013.
Housing starts tumbled in ...
Wed, Mar 27 2013, 12:06 PM
Freddie Mac has announced a new Streamlined Modification Program that it says will "open a new gateway to mortgage relief for many of American's stu...
Wed, Mar 27 2013, 12:04 PM
The Federal Housing Finance Agency ( FHFA ) says that Freddie Mac and Fannie Mae (the GSEs) assisted 130,000 homeowners with one or more of their ...
Wed, Mar 27 2013, 12:01 PM
MBS and Treasuries have come off their best levels of the morning just slightly, but remain in significantly better territory vs yesterday's latest le...
Wed, Mar 27 2013, 10:15 AM
Demand is now pushing at the edges of the supply of available homes according to the National Association of Realtors® (NAR). Limited buyer choices...
Wed, Mar 27 2013, 9:58 AM
Applications for both purchasing and refinancing increased during the week ended March 22 according to information released this morning by the Mortga...
Wed, Mar 27 2013, 8:07 AM
With the benefit of one additional day having transpired in this, the "Cyprus Bailout Week," we're quickly seeing that Cyprus-related trading fluctuat...
Wed, Mar 27 2013, 5:34 PM
The Office of Comptroller of the Currency (OCC) is reporting that the quality of mortgage loans serviced by selected national and federal savings ba...
Wed, Mar 27 2013, 5:27 PM
The domestic hours, like so many past examples, turned out to be relatively contained by the time European markets had their say. This time, they sai...
Wed, Mar 27 2013, 4:13 PM
Mortgage rates moved lower today at their fastest pace in more than a week, bringing them in line with their lowest levels since last week's Cyprus...
Wed, Mar 27 2013, 4:03 PM
Pace Harmon an outsourcing advisory services firm, has prepared a memorandum for its clients suggesting strategies to manage forced placed insurance ...
Tue, Mar 26 2013, 12:00 PM
Something remarkable has happened. Well, it's remarkable relative to the recent trend of shunning domestic economic data in favor of European headlin...
Tue, Mar 26 2013, 11:08 AM
Remember in the "old days" when we didn't have government-sponsored refi programs like HARP? I seem to remember the rule of thumb being, "If you could...
Tue, Mar 26 2013, 10:52 AM
New home sales dropped in February to a seasonally
adjusted annual rate of 411,000 units.
This was down 4.6 percent from the revised rate in Jan...
Tue, Mar 26 2013, 10:39 AM
Average home prices increased in all 20 of
the cities tracked by the S&P/Case-Shiller Home Price Indices over the 12
months ended in January. Each...
Tue, Mar 26 2013, 10:18 AM
The so-called shadow inventory continues
to shrink and is now down 28 percent from its high point in January 2010. According to the January 2013...
Tue, Mar 26 2013, 9:07 AM
Another report, the third in a week, has been issued by the Federal
Housing Finance Agency's (FHFA) Office of Inspector General (OIG). The latest re...
Tue, Mar 26 2013, 7:27 AM
Monday saw MBS and Treasuries both end up at levels very close to Friday's close. In and of itself, that suggests the day was uneventful and sideways...
Tue, Mar 26 2013, 5:08 PM
Bond markets started out the session heading into weaker territory after a tepid, but moderately positive overnight session for European risk markets....
Tue, Mar 26 2013, 2:22 PM
Mortgage rates moved slightly higher today on average, though a few lenders were unchanged or marginally improved. Some released positively revise...
Mon, Mar 25 2013, 12:03 PM
Global markets reacted in a relatively predictable fashion following news late Sunday that Cyprus and the EU had reached a bailout agreement. Treasur...
Mon, Mar 25 2013, 11:02 AM
I am visiting Pennsylvania this week, from where I coincidentally received this note from a Realtor: "Rob, what's the scoop on Blackstone ?" I think ...
Mon, Mar 25 2013, 7:42 AM
Without any significant scheduled economic data, Monday provides an ideal opportunity to let European headline risk play out after a tentative Cyprus...
Mon, Mar 25 2013, 5:03 PM
There was a sense at the end of last week, looking back over the regular sideways trading patterns in bond markets, that we'd "been had," in a way. W...
Mon, Mar 25 2013, 3:40 PM
Equity sales , that is sales of
non-distressed properties, now constitute two-thirds of all home sales in California
compared to less than one-hal...
