Thu, May 10 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
After days and days watching MBS get ground into the ceiling at all-time highs despite falling Trea...
Thu, May 10 2012, 2:24 PM
Mortgage Rates were generally unchanged today , keeping them near their recent and all-time lows . Lately, mortgage rates have been holding increa...
Thu, May 10 2012, 1:48 PM
Since the financial crisis banks have made considerable progress in repairing their balance sheets and building capital Federal Reserve Chairman Ben S...
Wed, May 9 2012, 11:39 AM
Freddie Mac said on Tuesday that only 21 percent of homeowners who refinanced during the first quarter took cash out of their homes . During the ...
Wed, May 9 2012, 11:36 AM
I saw a classified ad recently where a person had a vintage French military rifle for sale. The description said "Mint condition, never fired; only d...
Wed, May 9 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
MBS and Treasuries both opened up at strong levels, the former at all-time highs, and the latter at the lo...
Wed, May 9 2012, 10:55 AM
Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency (FHFA) told Federal Home Loan Bank (FHLBank) directors yesterday that their ...
Wed, May 9 2012, 9:03 AM
The Mortgage Bankers Association (MBA) said this morning that its Market Composite Index, a measure of loan application volume , rose 1.7 percent on ...
Wed, May 9 2012, 8:02 AM
Tuesday wasn't a good day to be MBS, at least not compared to Treasuries. We began the session with less by way of overnight improvements, gained les...
Wed, May 9 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
This may be the last time we get to say this for a while but MBS--particularly
Fannie 3.5's--just...
Wed, May 9 2012, 4:16 PM
Home sales in the first quarter of 2012 were the highest seen in any first quarter since 2007 according to data released today by the National Asso...
Wed, May 9 2012, 3:13 PM
Mortgages rates held steady for the most part today, despite relatively volatile movements in underlying markets. Actually, the bond markets of wh...
Wed, May 9 2012, 2:29 PM
Fannie Mae joined Freddie Mac in showing significant improvement in its financial condition during the first quarter of 2012. The company reported t...
Wed, May 9 2012, 2:07 PM
TransUnion said on Tuesday that its National Mortgage Loan Delinquency Rate hit the lowest level in the first quarter of 2012 that it has seen since...
Tue, May 8 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
New All Time Highs For MBS!!!! Wait... It's sort of anti-climactic really. Rate sheets aren't much ...
Tue, May 8 2012, 11:02 AM
Mortgage investment Corporation (MGIC) said today that its principal subsidiary, Mortgage Guaranty Insurance Corporation wrote $1.7 billion in new pr...
Tue, May 8 2012, 10:28 AM
House prices reflected in CoreLogic's March Home Price Index which was released today increased on a month-over-month basis for the first time in ne...
Tue, May 8 2012, 10:11 AM
Bank of America is taking the first steps toward fulfilling its obligations under the settlement agreement reached several months again among servic...
Tue, May 8 2012, 9:26 AM
One never
knows what is going to happen next here at the MBA's National Secondary. One
minute you're meeting with a team of smart investment bankers...
Tue, May 8 2012, 9:18 AM
Mortgage Bankers Association (MBA) President and CEO David H. Stevens, speaking at the Association's 2012 National Secondary Market Conference & Expo,...
Tue, May 8 2012, 8:40 AM
Diligent readers of this commentary might ask themselves: "I wonder if those guys know how much FLAT, DEAD, BORING, and SIDEWAYS has been in the comme...
Tue, May 8 2012, 5:00 PM
Secretary of Housing and Urban Development Shawn Donovan testified before a hearing of the Senate Committee on Banking, Housing, and Urban Affairs o...
Tue, May 8 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
In the intermediate term (about a month, perhaps), MBS have been utterly and completely outperforme...
Tue, May 8 2012, 3:25 PM
Mortgages rates were able to scrape together some minor improvements today but continue to have an exceedingly tough time keeping pace with the res...
Mon, May 7 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Without anything else on the calendar and the more significant European-election-inspired convulsions...
Mon, May 7 2012, 11:18 AM
Total loan modifications for the first quarter of 2012 fell 31% from the same quarter in 2011 to 207k, though serious delinquencies fell by 7% accordi...
Mon, May 7 2012, 10:15 AM
Here in
the borough of Manhattan, the MBA's National Secondary conference continues. It
is indeed well attended, and as I mentioned yesterday the c...
Mon, May 7 2012, 9:57 AM
Fannie Mae today released its National Housing Survey for the month of April. Respondents were slightly more optimistic about the direction of home p...
Mon, May 7 2012, 6:53 AM
Here in the
borough of Manhattan the 1.6 million residents are abuzz with the thought of
the MBA's National Secondary conference
being in town. L...
Mon, May 7 2012, 4:19 PM
The Government Accountability Office (GAO) said Monday that it now looks as though the Treasury Department could recoup the total value of the assista...
Mon, May 7 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Monday turned out to be a non-starter as MBS and Treasuries spent another day doing their favorite activi...
Mon, May 7 2012, 2:54 PM
Mortgages rates continue to operate at their best levels since early February following Friday's weaker-than-expected Employment Situation report. ...
Mon, May 7 2012, 1:41 PM
Members of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises were told details Monday of the Federal H...
Mon, May 7 2012, 1:33 PM
The number of housing markets on included in the National Association of Home Builders/First American Improving Markets Index was essentially unchan...
Sun, May 6 2012, 6:27 PM
This week's data calendar is exceptionally light with the exception of Fed speakers and a round of Treasury Auctions. The Fed-speak could prove somew...
Fri, May 4 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
All the vital details are pretty much covered in the updates and featured comments below. NFP came in weak...
Fri, May 4 2012, 10:56 AM
A paper just published by The Federal Reserve Bank of Boston is bound to generate a lot of comment both inside and outside of the mortgage industry....
Fri, May 4 2012, 10:30 AM
Tomorrow
is Cinco de Mayo, hence the real-life, true, yes, really true, well kind of
true tale at the end of the commentary . Anyway, tomorrow cele...
Fri, May 4 2012, 7:24 AM
The extent to which bond markets have been able to maintain a narrow range since the previous INFP has been nothing short of impressive. Certainly, n...
Fri, May 4 2012, 6:02 PM
The Administration's Housing Scorecard for April claims progress on both home sales and mortgage delinquencies "but continued fragility overall." D...
Fri, May 4 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Hitting all time highs in production MBS never felt so uneventful... In fact, it almost felt like ...
Fri, May 4 2012, 3:44 PM
Mortgages rates are at their best levels since early February following today's weaker-than-expected Employment Situation report. The improvement ...
Thu, May 3 2012, 11:20 AM
What is
33.9%? According to Inside Mortgage Finance it's Wells Fargo's market share
of the mortgage business for the 1st quarter, the most ever fo...
Thu, May 3 2012, 11:16 AM
MBS Live : MBS Morning Market Summary
The day started off with a reasonably challenging tone for bond markets. Even now, 10yr yields are u...
Thu, May 3 2012, 9:31 AM
Freddie Mac has reported net income for the first quarter of 2012 of $577 million and comprehensive income of $1.79 billion. The financial report, re...
Thu, May 3 2012, 7:54 AM
Wednesday began in slightly better territory right from the outset as the European debt helped US Treasuries kick off the session with about half of T...
Thu, May 3 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
This morning LOOKED like it might buck the trend and actually provide some semblance of directional...
Thu, May 3 2012, 3:16 PM
Mortgages rates are unchanged to slightly higher today. The change is so minimal that for all intents and purposes, you might as well consider rat...
Wed, May 2 2012, 12:19 PM
A veteran
banker once told me, "I've never seen a luggage rack on a hearse."
Many "experts," perhaps wishing to make a name for themselves, called
...
Wed, May 2 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
The headline above is carefully chosen. At first blush, we might consider this morning's stronger bo...
