Tue, Jul 24 2012, 11:34 AM
MBS Live : MBS Morning Market Summary
Treasuries traded weaker overnight as German Bunds took a major hit from the Moody's downgrade war...
Tue, Jul 24 2012, 9:49 AM
"Rob,
when do you think that the CFPB will go after us Realtors?" I am not
convinced that it will, although there are plenty of arguments why it mi...
Tue, Jul 24 2012, 8:17 AM
To do anything other than to credit Europe with the bulk of this week's market-moving potential looks increasingly like folly. Domestic events were o...
Tue, Jul 24 2012, 4:27 PM
MBS Live : MBS Afternoon Market Summary
Treasury yields were higher overnight in response to general upward from German Bunds after Moody's pu...
Tue, Jul 24 2012, 3:09 PM
Mortgage Rates moved slightly highe r today after falling sharply to new all-time lows yesterday. The end result is rates that are still noticeably...
Mon, Jul 23 2012, 11:13 AM
MBS Live : MBS Morning Market Summary
MBS and Treasuries both hit their all-time strongest levels early this morning with 10's dipping to ...
Mon, Jul 23 2012, 10:19 AM
"Rob, do you think that there is any chance that investors will
start lowering their minimum net worth requirements?" In my opinion, no .
In this e...
Mon, Jul 23 2012, 8:32 AM
10yr yields moved to new all-time lows overnight as the slow-motion train wreck in Europe continues to unfold. The Spanish region of Murcia becomes t...
Mon, Jul 23 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
MBS are on track to close at all-time highs in terms after hitting new intraday highs this morni...
Mon, Jul 23 2012, 2:23 PM
Mortgage Rates are on an undisputed tear, moving more today than any day in the past 3 weeks of progressive movement into new all-time lows. The wee...
Sat, Jul 21 2012, 10:07 AM
Happy 1 st birthday to the CFPB - it opened for business on
July 21, 2011.
Perhaps coincidentally, perhaps not, the CFPB issued the first
enfor...
Fri, Jul 20 2012, 11:50 AM
MBS Live : MBS Morning Market Summary
In one short day, domestic bond markets have gone from threatening to bounce higher in yield to confi...
Fri, Jul 20 2012, 11:41 AM
On Thursday, Fannie 3.5% securities (composed of 3.75-4.125% 30-yr
mortgages) traded at a 6 (yes, six) point premium . Put another way, 106.
Fannie...
Fri, Jul 20 2012, 8:06 AM
Bond markets seemed to face an uphill battle from the outset on Thursday. Treasuries closely followed German Bunds in the overnight session and came ...
Fri, Jul 20 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
MBS rose boldly into previously unexplored territory today as Fannie
3.0's spent more than just a...
Fri, Jul 20 2012, 1:33 PM
Mortgage Rates shot decisively to new all-time lows today as bond markets rallied on European headlines. There was nothing on the domestic economi...
Fri, Jul 20 2012, 1:21 PM
What if 401(k) accounts, the popular
employer-based retirement savings plans were reordered to provide an incentive
and a vehicle for providing home...
Thu, Jul 19 2012, 11:32 AM
Existing-home sales declined 5.4 percent on a seasonally adjusted annual basis to 4.37 million from an upwardly-revised 4.62 million in May. Econom...
Thu, Jul 19 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
Certainly German Bunds are on the watch-list for US Treasuries after the former hit new record low...
Thu, Jul 19 2012, 9:56 AM
Yesterday we all learned what lock desks and pricing engines already
knew: mortgage applications in the U.S. jumped last week by the most in a month....
Thu, Jul 19 2012, 8:30 AM
Yesterday, we noted that the morning's economic data was highly unlikely to move markets and that Bernanke's 2nd round of Congressional testimony was ...
Thu, Jul 19 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
MBS have really put on an impressive display of 'ground-holding' in that they've maintained Fannie 3.0...
Thu, Jul 19 2012, 3:06 PM
Mortgage Rates bucked their recent trend and moved higher today, though the increase was fairly minimal for most lenders and almost imperceptible a...
Thu, Jul 19 2012, 3:06 PM
In June the Government Accountability
Office (GAO) issued a report critical of outreach undertaken by mortgage
servicers to inform and enroll borr...
Thu, Jul 19 2012, 2:31 PM
Barry Rutenberg, Chairman of the National Association of Home Builders (NAHB) was among witnesses appearing today before a hearing of the House Commit...
Wed, Jul 18 2012, 12:16 PM
Housing starts and housing completions
were both up in June according to new residential construction data released
this morning by the U.S. Census...
Wed, Jul 18 2012, 11:44 AM
MBS Live : MBS Morning Market Summary
Very little has changed today vs yesterday with respect to the general flow of data and events. In b...
Wed, Jul 18 2012, 9:56 AM
With the withdrawal of Wells Fargo from the wholesale channel,
correspondent reps from the aggregators are receiving renewed interest from
mortgage...
Wed, Jul 18 2012, 9:50 AM
Applications for refinancing surged
during the week ended July 13 sending mortgage application volumes to " near
peak levels for the year " accordin...
Wed, Jul 18 2012, 8:26 AM
From a technical standpoint, bond markets are playing a dangerous game at the moment. We'll consider this dangerous game for a moment against the bac...
Wed, Jul 18 2012, 4:36 PM
The Federal Reserve Bank of Boston
has released a Public Policy Discussion Paper by two of its economists titled Shifting
Confidence in Homeownersh...
Wed, Jul 18 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
The tone for bond markets today was largely set by the general drift lower in German Bund yields to...
Wed, Jul 18 2012, 2:29 PM
Mortgage Rates moved lower today, bringing them yet again to new all-time lows . The interest rate environment was generally improved right from ...
Wed, Jul 18 2012, 1:19 PM
The application process will begin today
for bidders to purchase approximately 9,000 loans that are in process to become
FHA owned real estate (RE...
Tue, Jul 17 2012, 11:44 AM
Builder confidence took its biggest leap
in nearly a decade according to data released this morning by the National
Association of Home Builders (...
Tue, Jul 17 2012, 11:37 AM
"There
is only positive news in June's numbers," a spokesperson for S&P Dow Jones
Indices said today as the company released the S&P/Experian Con...
Tue, Jul 17 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
The morning's economic data was largely uneventful, as expected. Focus has been and continues to be...
Tue, Jul 17 2012, 10:50 AM
Someone just sent me 90 seconds of amazing footage of a CFPB auditor
graduating from the program .
(I especially like the nonchalance of the other ...
Tue, Jul 17 2012, 10:19 AM
Remodeling increased in May to a
seasonally adjusted annual rate of 2,663,000.
This represents a 3 percent increase from the April rate of 2,579,0...
Tue, Jul 17 2012, 6:58 AM
10yr yields hit all time lows yesterday and production MBS hit all time highs. But rather than forging ahead into new all time lows, 10yr yields (we'...
Tue, Jul 17 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
Although MBS and Treasuries began the day in slightly weaker territory, they both rallied during th...
Tue, Jul 17 2012, 2:45 PM
Mortgage Rates held steady today, keeping them in line with all-time lows . There was plenty going on in markets today, but not much of it had an...
Mon, Jul 16 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
This morning's Retail Sales report clearly set the tone early for bond markets. MBS and Treasuries both p...
Mon, Jul 16 2012, 11:23 AM
I was very excited when my son came home the other day and said,
"I've decided what I want to do when I get out of school - I am going to be
a buil...
Mon, Jul 16 2012, 11:17 AM
em·i·nent
do·main : Noun - "The right of a government or its agent to expropriate private
property for public use, with payment of compensation."
...
Mon, Jul 16 2012, 8:24 AM
After last week offered up few reasons to stray from the recent course for bond markets, the outlook of data and events in the week ahead is only marg...
Mon, Jul 16 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
The lion's share of today's volume and movement in bond markets was seen in the first few hours of ...
Mon, Jul 16 2012, 3:05 PM
As was the case at the beginning of last week, Mortgage Rates moved slightly lower today, once again hitting new all-time lows . In a bit of a d...
Mon, Jul 16 2012, 2:00 PM
The changes to the HARP program that
were put in place last fall seem to be having an affect according to data
released this morning by the Federa...
Fri, Jul 13 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
Make no mistake that this morning's economic data has been of little to no concern to bond markets wh...
