Tue, Feb 26 2013, 10:27 AM
David M. Blitzer , Chairman of the Index
Committee at S&P Dow Jones said "Home prices ended 2012 with solid
gains . Housing and residential
const...
Tue, Feb 26 2013, 7:37 AM
Before yesterday morning's Italian election results rocked markets, we noted that the week promised to be "significantly more active in terms of data...
Tue, Feb 26 2013, 4:59 PM
Thank you Italy... Your political instability has trickled all the way
down to MBS, allowing production coupons to have their single best rally
d...
Tue, Feb 26 2013, 3:24 PM
Mortgage
rates moved lower today , extending their rally following
yesterday's Italian election news. The situation in Italy continued to
rep...
Tue, Feb 26 2013, 2:53 PM
Federal Deposit Insurance Corporation
(FDIC) insured commercial banks and savings institutions posted an aggregate
net income of $34.7 billion in th...
Tue, Feb 26 2013, 2:34 PM
Richard Cordray , Director of the Consumer
Financial Protection (CFPB) told the National Association of Attorneys General
that, since he last spoke ...
Mon, Feb 25 2013, 11:58 AM
Until this morning, outgoing Italian PM Mario Monti and leading center-left candidate Pier Luigi Bersani
had been expected to carry enough votes to ...
Mon, Feb 25 2013, 11:46 AM
NMLS has reported that 120,142
individuals are now licensed by the states as mortgage loan originators (MLOs)
as are 16,688 companies. NMLS's F...
Mon, Feb 25 2013, 9:34 AM
A study by the Brookings Institution of the largest 100 metropolitan areas quantifies what Realtors have intuitively known forever: housing costs an ...
Mon, Feb 25 2013, 7:37 AM
In stark contrast to the 4 days that followed Presidents' Day, the week ahead promises to be significantly more active in terms of data and events . ...
Mon, Feb 25 2013, 4:59 PM
Treasuries and MBS rallied ferociously today after elections in Italy
turned out (or "are turning out" since they're not done yet) to be very
diff...
Mon, Feb 25 2013, 4:26 PM
Mortgage
rates moved lower today by the widest margin in over three weeks.
The faster-paced movement is courtesy of political tensions in Ital...
Mon, Feb 25 2013, 3:01 PM
A bi-partisan group of former senators,
Cabinet secretaries, and other housing and economic experts have released what
is termed a new proposal for...
Fri, Feb 22 2013, 11:47 AM
On this data-free Friday, domestic markets have been relegated to watching tradeflows
after a more interesting overnight session. To that end, ...
Fri, Feb 22 2013, 11:06 AM
Do you know what it costs your company to produce a loan? I hope so, because if the president of a lender wants to do more business in 2013 , or mere...
Fri, Feb 22 2013, 7:40 AM
Thursday's robust batch of economic data brings the calendar of domestic
reports to a close for the week. This leaves Friday at the whim of
overn...
Fri, Feb 22 2013, 4:25 PM
Earlier in the week, we posited that if FOMC Minutes didn't ruffle too many feathers, then next week's 2-day Bernanke
Congressional Testimony would ...
Fri, Feb 22 2013, 2:36 PM
Mortgage
rates were slightly higher today, despite moderate
improvements in underlying bond markets. This is primarily due to
fairly pronoun...
Thu, Feb 21 2013, 11:55 AM
Both MBS and Treasuries continue to trade at their best levels since
last Tuesday but remain blocked by technical resistance for now. The
combina...
Thu, Feb 21 2013, 11:09 AM
Fannie Mae's economists said on Thursday that, despite the feeble note on which 2012 ended, the economy has the building blocks, including housing, f...
Thu, Feb 21 2013, 10:22 AM
Calling the current residential
appraisal system " impaired ," the National Association of Homebuilders
( NAHB ) has issued a white paper recommendi...
Thu, Feb 21 2013, 8:45 AM
Hey, the next time you are dreading the job of giving that quarterly review to that obstinate employee, think about this task. Companies are looking ...
Thu, Feb 21 2013, 8:01 AM
While Wednesday's FOMC Minutes delivered all the short term volatility
we might have expected, it was all meted to equities markets. Bond
markets...
Thu, Feb 21 2013, 4:56 PM
When is strength actually weakness in disguise? This is not a trick
question. It's probably applicable to many topics, but today it runs
the ris...
Thu, Feb 21 2013, 4:31 PM
The five mortgage servicers involved in
last year's $25 billion settlement over servicer errors and abuses have now
distributed an average of $82,...
Thu, Feb 21 2013, 4:11 PM
Mortgage delinquency rates fell in the fourth quarter of 2012 to their
lowest rates since 2008. According to
data from the National Delinquency Su...
Thu, Feb 21 2013, 4:09 PM
Mortgage
rates fell slightly today, pulling back in line with recent
offerings after rising to their highest levels in 7 months yesterday.
T...
Thu, Feb 21 2013, 2:16 PM
The National Association of Realtors®
(NAR) said today that a sellers' market is developing in real estate as home sales
edge up and home prices c...
Wed, Feb 20 2013, 11:59 AM
The share of refinancing relative to all mortgage originations increased
sharply in January, rising from 69 percent the previous month to 73 percen...
Wed, Feb 20 2013, 11:44 AM
What had been a tentative move off the lows at first soon turned into a
more decisive swing back into positive territory. Earlier weakness was
la...
Wed, Feb 20 2013, 11:41 AM
The Department of Housing and Urban
Development (HUD) and the Census Bureau said this morning that permits for
residential construction were issue...
Wed, Feb 20 2013, 11:31 AM
I am in Kansas today. Before the congratulatory e-mails flood in, I mention this because I flew here. (In an airplane.) Per our very own Transportatio...
Wed, Feb 20 2013, 8:27 AM
Mortgage application volume dropped
again during the week ended February 15.
The Mortgage Bankers Association reported this morning that its Mar...
Wed, Feb 20 2013, 7:18 AM
Here's another one of those sessions where a big-ticket market event
has lots of potential to move markets, but no obligation to do so.
Since N...
Wed, Feb 20 2013, 6:10 PM
Bond markets continued to heal after dodging a few of the same
old bullets from FOMC Minutes. This time around, ongoing QE expectations
were calle...
Wed, Feb 20 2013, 4:53 PM
Mortgage
rates avoided the larger-scale swings that they might have considering the important data on tap today. Instead, they merely began the ...
Tue, Feb 19 2013, 11:59 AM
Bond markets traded fairly well overnight and remained in an exceedingly
narrow range throughout. Both MBS and Treasuries hit New York just
barely...
Tue, Feb 19 2013, 11:05 AM
According to the National
Association of Home Builders (NAHB), its NAHB/Wells Fargo Housing Market Index
(HMI) for February was virtually unchange...
Tue, Feb 19 2013, 10:58 AM
Three researchers have looked at private label residential mortgage-backed securities sold to investors in 2007 and concluded there was substantial...
Tue, Feb 19 2013, 10:37 AM
Yesterday the commentary had some statistics on Florida lagging in price appreciation, which many attribute to the " judicial versus non-judicial " fo...
Tue, Feb 19 2013, 7:50 AM
Friday started simply enough with MBS and Treasuries relatively in
line with Thursday's latest levels, but bond markets soon began giving
up groun...
Tue, Feb 19 2013, 4:29 PM
There wasn't much going on today. This includes the overnight session, the morning "busy" hours (when Europe is still trading a nd the domestic se...
Tue, Feb 19 2013, 3:52 PM
Mortgage
rates began the day flat to slightly lower before market
weakness in the afternoon caused many lenders to release negatively
revised...
Tue, Feb 19 2013, 3:16 PM
Just a little over a year after the Home
Affordable Refinance Program (HARP) was substantially revised into HARP 2.0 it
has reached nearly as many h...
Fri, Feb 15 2013, 11:28 AM
Quite simply, MBS are right back in line with the center of yesterday morning's trading range. While this is technically "bad" because it keeps price...
Fri, Feb 15 2013, 10:43 AM
I receive a lot of questions , some very specific and others very broad reaching. These two have implications that our industry should think about:
...
Fri, Feb 15 2013, 10:04 AM
Three
of the senators who helped frame parts of the Dodd-Frank Wall Street
Reform and Consumer Protection Act in 2010 have again written to financia...
Fri, Feb 15 2013, 7:37 AM
Thursday, with it's 30yr Bond Auction and survey week Jobless Claims numbers, stood a decent chance the break the recent monotony for broader bo...
Fri, Feb 15 2013, 1:36 PM
Mortgage rates moved modestly higher for some lenders today, while others remained closer to unchanged territory. Following Wednesday's swing to 6-mo...
Thu, Feb 14 2013, 11:41 AM
A good measure of weakness worked its way through bond markets early in the overnight session. Asian market hours saw 10yr yields climb over 2.06 bri...
