Wed, Aug 1 2012, 9:30 AM
Ever wonder why it takes the government
so many words to say...maybe not so much?
So did a visitor to the Consumer
Financial Protection Bureau'...
Wed, Aug 1 2012, 9:19 AM
Applications for refinancing reached the
highest level in over three years last week despite weakness in the government
backed sector of that busine...
Wed, Aug 1 2012, 8:20 AM
Coming off two positive days in a row to begin the week in bond markets, things get a bit more serious today. Whereas Monday and Tuesday could have j...
Wed, Aug 1 2012, 4:50 PM
Borrowers who refinance their loans
through Freddie Mac continue to eschew cash out refinancing , tending instead to
reduce either the amount of th...
Wed, Aug 1 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
As far as FOMC Announcements go, today saw a much lighter than normal volume and volatility. Trading r...
Wed, Aug 1 2012, 3:45 PM
Mortgage Rates moved higher today after the Fed released a largely unchanged monetary policy statement. Some market participants were hoping that t...
Wed, Aug 1 2012, 2:19 PM
Information received since the Federal Open Market Committee met in April June suggests that economic activity decelerated somewhat over the eco...
Wed, Aug 1 2012, 1:53 PM
"Big money goes around the world,
Big money underground.
Big money got a mighty voice,
Big money make no sound."
The world is watching Ol...
Tue, Jul 31 2012, 12:06 PM
Commercial and multi-family mortgage
lending rose in the second quarter of 2012 due, the Mortgage Bankers
Association (MBA) said, to low intere...
Tue, Jul 31 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As has been the case many times in recent memory, the majority of today's day-over-day change took p...
Tue, Jul 31 2012, 10:45 AM
The home price picture showed further improvement
with the release this morning of the S&P/Case-Shiller Home Price Indices
(HPI) for May. Both th...
Tue, Jul 31 2012, 10:24 AM
In mortgage banking, just like gymnastics, you have to get up after you
fall down .
Totaling through May, California (133,000), Florida (92,000...
Tue, Jul 31 2012, 9:33 AM
The pace of foreclosure activity in the
U.S. remained unchanged in June with 60,000 completed foreclosures, the same
number as in May but 25 perce...
Tue, Jul 31 2012, 7:56 AM
Markets are not shy about the fact that the week begins in earnest today. Both at home and abroad, we see the highest concentration of economic data ...
Tue, Jul 31 2012, 4:28 PM
MBS Live : MBS Afternoon Market Summary
Last Thursday and Friday were bad for MBS. The rest of the week up to that point was good. In fac...
Tue, Jul 31 2012, 4:08 PM
Freddie Mac said today that it would
be opening up refinance opportunities to borrowers who are not underwater on
their existing Freddie Mac mortgag...
Tue, Jul 31 2012, 4:07 PM
Mortgage Rates continued their bounce back from abrupt weakness on Friday. The two days of gains so far this week bring rates back within striking ...
Tue, Jul 31 2012, 3:30 PM
Edward J. DeMarco , Acting Director of
the Federal Housing Finance Agency today again stated his opposition to
allowing Fannie Mae and Freddie Mac t...
Mon, Jul 30 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
There's definitely a more even-keeled tone about today's trading vs Friday's, when the big news hit ...
Mon, Jul 30 2012, 10:17 AM
"Rob, with the Wells news earlier this month, and FAMC's comp change
last week, I am hearing rumors of all kinds of price and investor changes .
On...
Mon, Jul 30 2012, 10:01 AM
Earlier this week I was in Ontario, visiting the headquarters of a
well-run mortgage shop, so this note was very relevant: "Rob, what are you
hearin...
Mon, Jul 30 2012, 9:58 AM
California Lieutenant Governor Gavin
Newsom blasted a Washington trade group on Friday for making what he called threats
against local officials i...
Mon, Jul 30 2012, 8:32 AM
This is it! The week where the fate of the world is decided! If your first thought upon reading that was to be skeptical, you're on the right track....
Mon, Jul 30 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
Standing as the starting point for a week that promises a chance volatility and big moves, today wa...
Mon, Jul 30 2012, 2:26 PM
Mortgage Rates bounced back into slightly lower territory after rising abruptly on Friday afternoon. Thursday and Friday of last week marked the ...
Fri, Jul 27 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
MBS and Treasuries are thus far doing an admirable job of holding their ground against what has been ...
Fri, Jul 27 2012, 11:01 AM
"Rob, do you have any idea how long an originator, broker, whoever,
has to keep a copy of the loan file? That is probably a question that has
many...
Fri, Jul 27 2012, 9:36 AM
The National Association of Homebuilders
(NAHB) said today that their Remodeling Marketing Index (RMI) had slipped in
the second quarter, probably a...
Fri, Jul 27 2012, 7:55 AM
In many ways, the most exciting thing about today could be that it's the last day to get out of the way before getting to FOMC week. Despite the oste...
Fri, Jul 27 2012, 4:45 PM
Mortgage Rates moved sharply higher today after markets received additional indications that the European Central Bank, or "ECB," is intent on doing ...
Fri, Jul 27 2012, 4:41 PM
MBS Live : MBS Afternoon Market Summary
ECB Pres Mario Draghi was the subject of our discussion yesterday afternoon after his impassioned speech ...
Fri, Jul 27 2012, 1:57 PM
Vacancy rates in both rental and homeowner properties declined
in the second quarter of 2011 the U.S. Census Bureau said on Friday. Vacancy rates f...
Thu, Jul 26 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
As noted in the morning alert below, the crux of this morning's weakness is attributable to ECB Pres...
Thu, Jul 26 2012, 10:25 AM
Lender Processing Services (LPS) has released
preliminary findings from its June Mortgage
Monitor Report showing an increase in the national mortg...
Thu, Jul 26 2012, 10:19 AM
To no surprise to the industry, Wells Fargo remained the largest
U.S. mortgage originator in the second quarter although its market share
dropped ...
Thu, Jul 26 2012, 10:14 AM
Pending homes sales declined in June,
slipping 1.4 percent on the Pending Home Sales Index released this morning by
the National Association of Rea...
Thu, Jul 26 2012, 10:10 AM
Foreclosure rates rose
during the first half of 2012 in many of the largest U.S. metropolitan areas
when compared to the second half of 2011.
Rea...
Thu, Jul 26 2012, 8:35 AM
Wednesday turned out to be the tamest day of the week for bond markets as production MBS not only traded inside Tuesday's range, but Monday's as well....
Thu, Jul 26 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
Bond markets were utterly deprived of excitement in the overnight session until ECB Pres Mario Drag...
Thu, Jul 26 2012, 4:02 PM
Mortgage Rates were broadly unchanged today as some lenders' rates improved while others moved higher, not to mention the many who held close enough ...
Wed, Jul 25 2012, 11:16 AM
MBS Live : MBS Morning Market Summary
Once again, European markets set the stage for a weaker start to the day for MBS and Treasuries. Th...
Wed, Jul 25 2012, 10:09 AM
"Rob, I've read that wholesale lending accounted for only 5% of
Wells Fargo's volumes. Only 5%? What are you hearing about its remaining
business an...
Wed, Jul 25 2012, 9:59 AM
Applications to refinance home mortgages
were higher last week than at any time in over three years according to the
Mortgage Bankers Association ...
Wed, Jul 25 2012, 8:42 AM
It's all well and good to talk about the economic calendar or the Treasury auction cycle as if it were some bygone era where such things had the same ...
Wed, Jul 25 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
Things were looking slightly risky earlier today. Bond markets were weaker overnight on Euro bulli...
Wed, Jul 25 2012, 3:54 PM
Senator Jeff Merkley (D-OR) has proposed
a new, limited term program to assist underwater homeowners unable to refinance
traditionally or through ...
Wed, Jul 25 2012, 3:39 PM
Mortgage Rates were very slightly lower in most cases today though many lenders held relatively steady and a minority were higher. That makes toda...
Wed, Jul 25 2012, 2:19 PM
In his article Clearing the Mortgage
Market Through Principal Reduction: A
bad Bank for Housing (RTC 2.0), Adam
J. Levitin describes the real es...
Wed, Jul 25 2012, 1:21 PM
Sales of new homes dropped significantly
in June according to information released this morning by the U.S. Census
Bureau and the Department of Hou...
Tue, Jul 24 2012, 12:35 PM
There was general agreement on the
increase in home price levels in May in data released from by two different sources
this morning. The Federal Ho...
