Wed, May 30 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
While "record levels" for MBS have been a relatively common occurrence in the past month as Fannie ...
Wed, May 30 2012, 3:17 PM
Mortgage Rates improved only slightly today despite an aggressive interest rate drop in the broader bond markets. Lenders' rate sheet offerings ar...
Tue, May 29 2012, 11:50 AM
Three measures of home prices issued monthly by S&P/Cash-Shiller declined yet again in March. The data released today showed that the national co...
Tue, May 29 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
It's been a relatively quiet and uneventful morning for bond markets so far. Rather than chase rall...
Tue, May 29 2012, 10:01 AM
Fannie and
Freddie aren't the only companies involved in residential mortgage lending to
be seized by the government. Here's a taste of the situati...
Tue, May 29 2012, 4:21 PM
MBS L ive : MBS Afternoon Market Summary
MBS prices fell fairly steadily into and after the 2pm hour, eventually bottoming out just below curr...
Tue, May 29 2012, 3:09 PM
Mortgage Rates began the week roughly unchanged to slightly higher, keeping them near all-time lows. This also means that the Best-Execution rat...
Mon, May 28 2012, 8:42 PM
As US markets were closed for Monday's Memorial Day Holiday, there was little fanfare out of European markets, even if there is a growing sense that S...
Fri, May 25 2012, 12:47 PM
Mortgage Rates continue to experience minor volatility near all-time lows, bouncing moderately LOWER today after moving HIGHER yesterday. Rates mov...
Fri, May 25 2012, 11:38 AM
MBS Live : MBS Morning Market Summary
Bond markets made a quick head fake in a weaker direction following the better-than-expected Consumer...
Fri, May 25 2012, 11:11 AM
The Federal Reserve Board released a number of documents Thursday afternoon related to enforcement actions against several major mortgage servicers. ...
Fri, May 25 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
There's little to report outside the two words in the title. Today truly was an "uneventful session." ...
Thu, May 24 2012, 12:55 PM
The Mortgage Bankers Association ( MBA ) is projecting that mortgage originations in 2012 will be $200 billion higher than was originally anticipa...
Thu, May 24 2012, 11:51 AM
As part of its semi-annual report to Congress , the Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) included a section ...
Thu, May 24 2012, 11:41 AM
(There
aren't many folks in the world who, on their death bed, would exclaim, "I
wish I had another day of work!" With that in mind, I am biking aro...
Thu, May 24 2012, 11:27 AM
MBS Live : MBS Morning Market Summary
There's not really much to today's weakness. It's moderate, it's steady, and it began yesterday. After hi...
Thu, May 24 2012, 11:10 PM
Yesterday morning, we suggested that markets might do something "sneaky" and make some sort of moderate movement seemingly tied to economic data when ...
Thu, May 24 2012, 10:06 AM
In its third semi-annual report to Congress the Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) recapped its activit...
Thu, May 24 2012, 7:52 AM
With very limited data and an early close on Friday, today will serve as the last trading day of the week in many regards. For starters, it's the l...
Thu, May 24 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
This morning, we suggested that markets are relatively out of trading ideas until the next big-tic...
Thu, May 24 2012, 2:02 PM
Mortgage Rates continue to experience minor volatility near all-time lows, bouncing moderately higher today after moving lower yesterday. The move ...
Thu, May 24 2012, 1:39 PM
The Residential Mortgage-Backed Securities (RMBS) Working Group unveiled a new website on Thursday to enable "whistleblowers" to report mortgage-bac...
Wed, May 23 2012, 12:44 PM
The Federal Reserve has posted a video for homeowners informing them of their right to an independent review of their foreclosure files if they beli...
Wed, May 23 2012, 12:01 PM
Sales of new single-family houses in April 2012 were at a seasonally adjusted annual rate of 343,000 , according to estimates released jointly toda...
Wed, May 23 2012, 11:38 AM
MBS Live : MBS Morning Market Summary
While it may have mostly run it's course by now, the morning has been dominated by big moves in several ...
Wed, May 23 2012, 11:16 AM
Another survey is reporting that U.S. home prices have managed a recent slight rebound. The Federal Home Finance Agency's (FHFA) is reporting that ...
Wed, May 23 2012, 10:40 AM
Here is an
interesting note for debt market students: Germany is scheduled today to sell
two-year bonds that won't make set
interest payments . Th...
Wed, May 23 2012, 9:27 AM
The Mortgage Bankers Association (MBA) credited record low interest rates for third consecutive increase in refinancing during the week ended May ...
Wed, May 23 2012, 4:16 PM
Freddie Mac said that first quarter 2011 economic data that has begun to emerge from various sources are, even though some is preliminary, beginnin...
Wed, May 23 2012, 4:08 PM
MBS Live : MBS Afternoon Market Summary
Once again bond markets came into the session at better levels achieved during overnight trading. In f...
Wed, May 23 2012, 2:58 PM
Mortgage Rates improved today , gaining back a good portion of yesterday's losses as European markets continued keeping pressure on domestic stock pr...
Tue, May 22 2012, 11:31 AM
The housing recovery is underway according to the National Association of Realtors® (NAR) which released numbers on Tuesday to back up that claim. ...
Tue, May 22 2012, 11:28 AM
MBS Live : MBS Morning Market Summary
Bond markets continue trying to hold their ground so far this morning against what, thus far, looks t...
Tue, May 22 2012, 10:49 PM
As noted in the MBS RECAP, yesterday was basically spent bouncing back from overnight weakness. The weakness itself was somewhat frustrating in that ...
Tue, May 22 2012, 9:35 AM
Pick an
overwhelming percentage, like 80 or 90%. Remember when residential loan
production wasn't "that" percent agency? Non-agency loans are still ...
Tue, May 22 2012, 8:55 AM
Lender Processing Services, Inc. (LPS) has issued some preliminary data on mortgage performance from its April Mortgage Monitor report which will be r...
Tue, May 22 2012, 8:00 AM
Overnight volume leading into yesterday's session made it seem like it might turn out surprisingly strong, but Treasury trading around 4am New York ti...
Tue, May 22 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
MBS spent the day doing battle with weakness from the overnight session, and were certainly success...
Tue, May 22 2012, 2:30 PM
Mortgage Rates rose again today , this time at a slightly faster pace than yesterday's moderate increase. All of the market movement responsible for...
Mon, May 21 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
With the passing of the 10:15-11:00am scheduled "Operation Twist" buying from the Fed, we now know w...
Mon, May 21 2012, 11:11 AM
Some
people are looking to fill their time - apparently they have too much on their
hands .
On the
other hand, some companies are looking to fi...
Mon, May 21 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Bo nd markets continued the process of leveling off after hitting their strongest levels on 5/17....
Mon, May 21 2012, 2:36 PM
Mortgage Rates rose very slightly from Friday's new all-time lows. There were no major market moving events for interest rates today. Instead, we ...
Sun, May 20 2012, 7:52 PM
The line-up of economic data in the week ahead is one of the lightest of the year. Monday is essentially data-free. The following two days of the we...
Sat, May 19 2012, 12:56 PM
London
plans to use a painfully "High-Pitched Sound Generator" to disperse large
crowds at the Olympics. Observers note that it will be Cindy Lauper...
Fri, May 18 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As the trading day progresses, things are shaping up to be increasingly uneventful even though MBS ar...
Fri, May 18 2012, 10:20 AM
Realtors® massed on the Washington Mall on Thursday to show their strength in a year in which their trade organization, The National Association of Re...
Fri, May 18 2012, 9:33 AM
Facebook...Facebook...Facebook...I
guess the financial press is tired of discussing things like Europe's woes. ( Even today's closing paragraph at th...
Fri, May 18 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
104-16 Turned out to be an important level for Fannie 3.5's today. There's more than the usual amo...
Fri, May 18 2012, 3:01 PM
Our methodology for determining daily mortgage rates
is somewhat complex, and involves an objective component based on lenders raw prices as well ...
