Mon, Mar 25 2013, 3:38 PM
Mortgage rates were, once again, unchanged in many cases today, though some lenders were slightly lower in cost than Friday's latest offerings. Tr...
Mon, Mar 25 2013, 1:05 PM
Were mid-level managers who essentially ran mortgage
securitization during the housing boom aware of the systemic risks occurring in
subprime po...
Fri, Mar 22 2013, 12:08 PM
From a market watching standpoint, today has been an example of one of the least stressful "headline risk" environments. Indeed, markets are highly r...
Fri, Mar 22 2013, 7:40 AM
Imagine riding a bike, or an equivalent rote gross motor activity involving the navigation of a certain path. In this example, we'll use the bike. N...
Fri, Mar 22 2013, 4:58 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Fri, Mar 22 2013, 2:37 PM
Mortgage rates were very close to unchanged today, though some lenders were in microscopically better territory than yesterday. Underlying market ...
Fri, Mar 22 2013, 1:25 PM
David Stevens, the president of the MBA, is on TV today talking about the undeniable housing recovery. But a lot of that is all-cash transactions. M...
Thu, Mar 21 2013, 12:45 PM
The overnight and domestic bumper crops of economic data were fairly uneventful in the a super-zoomed frame of reference and utterly flat in the bigge...
Thu, Mar 21 2013, 12:10 PM
Seventy-five percent of the metropolitan areas tracked by the National Association of Home Builders (NAHB) for the NAHB/First American Improving Mark...
Thu, Mar 21 2013, 12:00 PM
Sales of existing homes and their prices continued to rise in February affirming, according to the National Association of Realtors® (NAR) which rel...
Thu, Mar 21 2013, 11:14 AM
A survey by the National Association of
Home Builders (NAHB) has found that the size of a home preferred by home buyers
varies by age, race, and eth...
Thu, Mar 21 2013, 10:59 AM
The evaluation report released this
morning by the Federal Housing Finance Agency's (FHFA) Office of the Inspector
General (OIG) has triggered a ...
Thu, Mar 21 2013, 9:48 AM
Freddie Macs senior economists Frank E. Nothaft
and Leonard Kiefer said
in the company's March Outlook that "the continued strengthening of the econ...
Thu, Mar 21 2013, 9:36 AM
Freddie Mac owned or guaranteed 10.6 million mortgages
that were being serviced by third parties at the end of 2012. Servicer responsibilities incl...
Thu, Mar 21 2013, 7:37 AM
Thursday brings the most robust day of economic data of the week by far. There are Markit Purchasing Manager's Indexes all across the Eurozone during...
Thu, Mar 21 2013, 4:40 PM
This stuff is like candy! Markets just can't get enough of the endless barrage of Cyprus-related headlines. It hearkens back to the heady days of Gr...
Thu, Mar 21 2013, 3:57 PM
Residential home
builders are reporting that a lack of available labor is hampering new home
construction the National Association of Home Builder...
Thu, Mar 21 2013, 3:52 PM
I have a lot of pretty interesting Freddie & Fannie news below , but let's start with this note. "Rob, my ops folks complain about the oddest things....
Thu, Mar 21 2013, 3:47 PM
Mortgage rates moved gently higher today in what was more of an extension of yesterday afternoon's mortgage market weakness than anything to do wit...
Thu, Mar 21 2013, 2:42 PM
The
Center for Responsible Lending (CRL) has issued a critique and analysis of the
February 21 interim report on the National Mortgage Settlement ....
Wed, Mar 20 2013, 12:14 PM
Ellie
Mae's Origination Insight Report for
February noted a distinct drop in the share of loans originated for refinancing
during the month. A...
Wed, Mar 20 2013, 12:07 PM
There's been a bit of a lull in the action so far today--as one might reasonably expect given the upcoming FOMC Announcement, Forecasts, and press con...
Wed, Mar 20 2013, 10:16 AM
Freddie Mac has filed a complaint in
federal court in Alexandria, Virginia alleging that 15 banks , including Bank of
America, JP Morgan Chase, UBS...
Wed, Mar 20 2013, 9:22 AM
Applications for refinancing represented
75 percent of all mortgage activity last week compared to 76 percent the week
before according to the Wee...
Wed, Mar 20 2013, 7:03 AM
Another day, another chance to sit and wait for every little headline even remotely related to Europe and to assess whether or not it suggests a chang...
Wed, Mar 20 2013, 4:44 PM
Mortgage rates moved higher today for the first time in nearly two weeks. Although the changes in lenders' rate sheets versus yesterday were large...
Wed, Mar 20 2013, 4:28 PM
Almost all day long, markets did almost nothing, almost... Bond markets coped with an adjustment lower in price/higher in yield heading into the dome...
Wed, Mar 20 2013, 3:27 PM
Representatives Gary Miller (R-CA) and
Carolyn McCarthy (D-NY) have introduced legislation to increase the access of homebuilders
to credit . HR 1...
Wed, Mar 20 2013, 3:16 PM
The Federal
Housing Finance Agency's Office of Inspector General ( FHFA OIG ) released a
report today examining the recent changes to the Preferred ...
Wed, Mar 20 2013, 2:11 PM
I've been visiting Colorado this week, where some of the conversation involves yesterday's sentencing of two individuals for fraud. "The elaborate sch...
Wed, Mar 20 2013, 2:03 PM
Information received since the Federal Open Market Committee met in January suggests a return to moderate economic growth following a pause late last ...
Tue, Mar 19 2013, 12:21 PM
With all the potential change going on with Freddie & Fannie, some states may be taking things into their own hands - or trying to. For example, in Te...
Tue, Mar 19 2013, 12:06 PM
Domestic bond markets edged back into territory not seen since the week of the Italian election--the last major bullish event for Treasuries and MBS. ...
Tue, Mar 19 2013, 11:39 AM
Rising home prices lifted 200,000 homes
into a positive equity position in the fourth quarter of 2012. A total of 1.7 million homes regained equit...
Tue, Mar 19 2013, 10:04 AM
Housing permits were issued in February at
a seasonally adjusted annual rate of 946,000, an increase of 4.6 percent from
January and 33.8 percent h...
Tue, Mar 19 2013, 7:26 AM
Heading into a week expected to be more focused on Wednesday's FOMC Announcement, press conference, and updated forecasts, we instead got treated to t...
Tue, Mar 19 2013, 4:28 PM
Headlines concerning the Cyprus bailout and it's various components streamed in at a healthy clip almost all day. As such, bond markets rallied almos...
Tue, Mar 19 2013, 3:34 PM
Mortgage rates moved lower today at a less aggressive pace than yesterday. We noted some stratification between lenders which is relatively common...
Tue, Mar 19 2013, 2:56 PM
Default
rates for most types of consumer loans were down slightly in February compared
to January and in every case were substantially below levels...
Tue, Mar 19 2013, 2:54 PM
Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency
(FHFA) told lawmakers on Tuesday that the role of housing finance reform sh...
Mon, Mar 18 2013, 12:38 PM
Bond markets rallied hard overnight on news that EU creditors seek to impose a levy on regular old private-sector bank deposits in Cyprus. 10's made ...
Mon, Mar 18 2013, 11:41 AM
The National Association of Home Builders (NAHB)/Wells Fargo
Housing Market Index, a measure of home builder confidence , slipped again in
March,...
Mon, Mar 18 2013, 9:26 AM
Nine state attorneys general have sent a
letter to President Obama, Senate Majority Leader Harry Reid and Senate
Minority Leader Mitch McConnell d...
Mon, Mar 18 2013, 7:37 AM
In the week just passed, US bond markets spent almost all waking moments attempting to consolidate in a range that included the weakest levels in almo...
Mon, Mar 18 2013, 4:25 PM
Overnight news regarding a bailout plan for Cyprus dominated trading in Asian and European hours as markets took flight from riskier assets (and from ...
Mon, Mar 18 2013, 3:10 PM
Mortgage rates moved lower today at their fastest pace since February 25th's Italian election stalemate. Today's move is also bigger than the enti...
Fri, Mar 15 2013, 11:51 AM
Everything was pretty quiet this morning with volume and momentum not
really making much of an appearance until the 9:30am opening bell for
equiti...
Fri, Mar 15 2013, 10:37 AM
What is " Jumpstart GSE Reform "? It is a new bill that requires the government to keep its mitts off of gfees. Odds of passage are unknown.
Here's...
Fri, Mar 15 2013, 6:37 AM
For third time in 4 days we've seen some compelling support come into
play in MBS and Treasuries. Not all of the support has come in at the
same ...
Fri, Mar 15 2013, 5:03 PM
MBS asked today's quadruple witching session: "et tu Friday?" but got the simple response: "nah, we're cool." So MBS just got up and walked away--hig...
