Thu, Jan 10 2013, 10:09 AM
Despite the concern over the last few
years about the number of homeowners who owe more on their mortgages than their
homes are worth, it turns out ...
Thu, Jan 10 2013, 7:51 AM
The final rule to implement those parts of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act relating to consumers ability to repay h...
Thu, Jan 10 2013, 7:42 AM
Bond markets continued to struggle with a decisive break below important technical levels in Treasuries. Despite holding on to gains in the morning...
Thu, Jan 10 2013, 4:58 PM
The day began with bond markets already on the back foot after stronger Chinese exports, a stronger Spanish debt auction, and an unchanged ECB policy ...
Thu, Jan 10 2013, 4:36 PM
Mortgage rates leveled off on Thursday, after moving gently lower on the first three days of the week. Bond markets such as US Treasuries began the d...
Thu, Jan 10 2013, 2:09 PM
Many industry groups have commented this morning on the final Qualified
Mortgage/Ability to Repay rule issued today by the Consumer Financial
Pr...
Wed, Jan 9 2013, 12:05 PM
Even though home prices have been
rising, the National Association of Realtors® (NAR) said today that 2012 appears primed to set a
record for h...
Wed, Jan 9 2013, 11:57 AM
After improving slightly during yesterday's first few trading hours, bond markets have been in the same aggressively sideways trend for over 24 hour...
Wed, Jan 9 2013, 10:11 AM
Huh? AIG, the parent of United Guarantee, is thinking about suing the United States government over its bailout? Stranger than fiction - but true! H...
Wed, Jan 9 2013, 9:47 AM
Despite the shorter holiday week,
mortgage applications rose 11.7 percent on a seasonally adjusted basis during
the week ended January 4 and 49 pe...
Wed, Jan 9 2013, 6:26 AM
In an overdramatized sort of way, Wednesday will be " do or die " time for bond markets in that 10yr yields must either finally break back below the i...
Wed, Jan 9 2013, 4:46 PM
We started the week with a closer look at "tradeflows, " suggesting the most informative thing markets would have to offer guidance until today's 10y...
Wed, Jan 9 2013, 4:08 PM
Mortgage rates moved slightly lower again today , marking the third straight session of recovery after being launched higher last week. The magnitu...
Tue, Jan 8 2013, 12:04 PM
As has been the case on many a morning where the Fed's scheduled Twist buying is the only salient market event ( read more on POMO's ), bond marke...
Tue, Jan 8 2013, 11:13 AM
There are so many statistics out there it makes one's head spin. For
example, for the nation's 115 million occupied homes: The median year
these h...
Tue, Jan 8 2013, 10:46 AM
Home-shopping
consumers are not only exponentially increasing their reliance on the Internet
but are also developing distinct patterns for using i...
Tue, Jan 8 2013, 7:02 AM
A settlement ending the Independent
Foreclosure Reviews mandated by the Federal Reserve and Office of Comptroller
of the Currency (OCC) against a nu...
Tue, Jan 8 2013, 6:32 AM
There's a rather anemic effort at creating more noise on the part of the day's scheduled events on Tuesday. Apart from a few sentiment surveys in the...
Tue, Jan 8 2013, 4:17 PM
Bond markets continue rebuilding from the wreckage they woke up to on Friday morning. A great majority of that rebuilding effort was undertaken on Fr...
Tue, Jan 8 2013, 1:58 PM
Mortgage rates continued to inch lower on average after rising to the highest levels since September at the end of last week. There were no signif...
Mon, Jan 7 2013, 12:13 PM
The list of improving housing markets
posted by the National Association of Home Builders (NAHB) and First American
Title took a huge jump in Janu...
Mon, Jan 7 2013, 12:02 PM
As noted in the Week Ahead as well as the first update below, there's been little to inform market movements apart from traders watching and reactin...
Mon, Jan 7 2013, 10:37 AM
Fannie Mae's Chief Economist pointed to
the turmoil over the fiscal cliff and debt ceiling for a sharp drop in consumer
confidence in December. F...
Mon, Jan 7 2013, 10:25 AM
January is proving to be a newsy/volatile month for the industry. Last
week we had the delay in truly resolving the fiscal cliff, the Fed minutes
di...
Mon, Jan 7 2013, 9:21 AM
Bank of America has reached agreement on
yet another outstanding legal matter involving defaulted mortgages, this time
with Fannie Mae. This agreem...
Mon, Jan 7 2013, 7:05 AM
The week ahead is limited in terms of economic data and events, and while the Treaasury Auction cycle will provide some guidance for bond markets, the...
Mon, Jan 7 2013, 4:29 PM
Starting at noon, MBS have held inside a two tick range between 104-07 and 104-09 with eerie regularity. These were the same highs seen earlier thi...
Mon, Jan 7 2013, 2:07 PM
Mortgage rates managed to catch their breath today after rising at the fastest pace since March on from Wednesday through Friday last week. Some lend...
Fri, Jan 4 2013, 11:34 AM
This morning's Day Ahead , pondering potential NFP outcomes, closed with the following thought: " The unpleasant fact about either scenario is Thu...
Fri, Jan 4 2013, 10:28 AM
"Rob, I run compliance for a mid-size bank in Georgia, and our senior
management told us that we don't have to worry about what the CFPB is doing. Do...
Fri, Jan 4 2013, 10:11 AM
Over a four year period ended in
December 2011 and representing the height of the banking crisis there were 414
failures of insured U.S. banks. O...
Fri, Jan 4 2013, 9:57 AM
Writers, researchers, and those interested in housing market data have a great new tool to work (or play) with, courtesy of the U.S. Census
Bureau ...
Fri, Jan 4 2013, 6:56 AM
Kicking the can down the road was all the rage a few days ago
when the cliche phrase was applied to the quasi-deal that softened the
blow of the ...
Fri, Jan 4 2013, 5:41 PM
One of the most
frequent concerns expressed in the survey was " unreasonably tight credit
conditions ", i.e. that some financial
institutions appea...
Fri, Jan 4 2013, 5:07 PM
Mortgage rates continued higher today, reaching their worst levels since before the Fed announced the specific buying program of Mortgage-Backed-Secur...
Fri, Jan 4 2013, 5:05 PM
What played out over the past two days has been almost exclusively a bond market phenomenon. Yesterday's FOMC Minute shake up had nothing to do with ...
Thu, Jan 3 2013, 11:49 AM
Even though yesterday's session wasn't technically "weak" between the open and close, it was definitely weaker day-over-day, as has been the case for ...
Thu, Jan 3 2013, 10:53 AM
Completed mortgage foreclosures have
declined 23 percent in the last year according to information released this
morning by CoreLogic. There were ...
Thu, Jan 3 2013, 10:30 AM
Fixed rate 30-yr. mortgages at 2.6%! Yippee!!! Oh...wait a minute...the
New York Fed tells us why they aren't there yet.
CMG Financial is a mu...
Thu, Jan 3 2013, 9:33 AM
Two of the tax breaks that were considered by many to be
important to the continued resurgence of the housing markets survived the last
minute cha...
Thu, Jan 3 2013, 9:24 AM
As is always expected, mortgage applications
activity for the last two full weeks of 2012 fell dramatically . The Mortgage Bankers Association (M...
Thu, Jan 3 2013, 7:33 AM
For bond markets, Thursday will offer an opportunity to confirm that the PRE-Fiscal-Cliff-Deal range is also the POST-Fiscal-Cliff-Deal range . F...
Thu, Jan 3 2013, 5:08 PM
Shortly before recessing for the holidays the Chairmen of
the House Committee on Oversight and Government Reform and of its Subcommittee on TARP, Fin...
Thu, Jan 3 2013, 5:05 PM
Mortgage rates soared to their highest levels in months today after Minutes from the Fed's most recent policy meeting showed the board to be more divi...
Thu, Jan 3 2013, 4:56 PM
It's ironic that this morning's "day ahead," pondered the possibility that economic data would creep back into the picture today with ADP Employment i...
Thu, Jan 3 2013, 4:55 PM
The two government sponsored enterprises (GSEs) Fannie
Mae and Freddie Mac have completed more than 2.5 million foreclosure prevention
actions s...
Wed, Jan 2 2013, 12:12 PM
The residential shadow inventory of distressed homes
continues to shrink according CoreLogic's monthly report for October. The improvement is acr...
Wed, Jan 2 2013, 11:35 AM
Referring to the 11th hour passage of a Fiscal Cliff bill as a "deal," is an overstatement. But it's at least a "mini-deal," or depending on how impo...
Wed, Jan 2 2013, 11:17 AM
On this Wednesday that seems like a Monday, politicians in Washington celebrated after kind of averting a completely unnecessary crisis that was ent...
Wed, Jan 2 2013, 8:13 AM
A few hours before the first business day of 2013, the House approved a bill to avert the Fiscal Cliff . Although some last minute effort was muster...
