Wed, May 2 2012, 9:42 AM
The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey reported this morning that applications for home purchase mortgages inc...
Wed, May 2 2012, 7:40 AM
Market response to ADP's report on private payrolls is about as "hit or miss" as its short term correlation with NFP private payrolls component. Inte...
Wed, May 2 2012, 4:44 PM
MBS Live : MBS Afternoon Market Summary
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MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Wed, May 2 2012, 3:13 PM
Mortgages rates are unchanged to slightly lower today, after shying away from multi-month lows yesterday. A weaker than expected employment report ...
Wed, May 2 2012, 2:25 PM
The March Mortgage Monitor Report from Lender Processing Services (LPS) showed a slight uptick in several measures of foreclosure activity , but over...
Wed, May 2 2012, 2:12 PM
At current near-record levels of consumer mortgage rates, and with MBS prices grinding higher, a natural question is whether rates are poised to p...
Tue, May 1 2012, 11:32 AM
A police
recruit was asked during the exam, "What would you do if you had to arrest
your own mother?" He answered, "Call for backup."
The SEC ...
Tue, May 1 2012, 11:13 AM
Most measures of foreclosure activity in March remained at February levels but showed significant improvement from one year earlier according to t...
Tue, May 1 2012, 11:08 AM
MBS Live : MBS Morning Market Summary
Following yesterday's weaker-than-expected Chicago PMI report, markets were geared up for a similar...
Tue, May 1 2012, 9:30 AM
Another top executive at Freddie Mac has announced his intention to leave the company. Anthony Renzi , the company's executive vice president of Si...
Tue, May 1 2012, 8:05 AM
Mortgage Guaranty Insurance Corporation (MGIC) has settled a suit with the Department of Justice arising out of a claim that it discriminated against...
Tue, May 1 2012, 7:28 AM
Other than the sheer lack of volume/participation, Monday's most notable feature turned out to be Chicago's ISM numbers. The drop from 62.2 last mont...
Tue, May 1 2012, 4:55 PM
Two Democratic members of the House Committee on Oversight and Government Reform fired another salvo in their continuing battle with Federal Housing F...
Tue, May 1 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
The closer and closer we get to 5pm, the more it seems that this morning's ISM-inspired sell-off wi...
Tue, May 1 2012, 2:53 PM
Just before reaching fresh multi-month lows, Mortgages Rates rose slightly today after a stronger than expected read on the manufacturing sector....
Mon, Apr 30 2012, 12:49 PM
The RPX Monthly Housing Market Report says that both home sales and home prices increased strongly in the month ended February 16. The RPX Composite ...
Mon, Apr 30 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
Despite a much weaker-than-expected Chicago PMI, bond markets have generally been content trading in ...
Mon, Apr 30 2012, 10:43 AM
Friday was
not a good day for five very weak banks as, through various methods, the FDIC
closed them. (Twenty two have closed in 2012.) In all but o...
Mon, Apr 30 2012, 7:45 AM
Bond markets traded in jaw-droppingly narrow ranges last week given the presence of the FOMC events (announcement, forecasts, press conference) and Q1...
Mon, Apr 30 2012, 6:15 PM
Respondents to the April Federal Reserve Senior Lending Officers Survey were asked a series of special questions about residential mortgage lending...
Mon, Apr 30 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
MBS and Treasuries looked like they might have been drifting into slightly better territory in the first ...
Mon, Apr 30 2012, 3:54 PM
Mortgages Rates are moderately improved to begin the week, taking them slightly lower than than April's best two days (4/10 and 4/23) and as close ...
Mon, Apr 30 2012, 1:28 PM
Vacancy rates for both owner-occupied and rental properties dropped to new recent lows in the first quarter of 2012 according to data released by the...
Fri, Apr 27 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
"You shall not pass!" Resistance levels in bond markets joined the ranks of Gandalf and The Black Knight i...
Fri, Apr 27 2012, 9:43 AM
A
Washington hot dog vendor is selling a two foot wiener that tastes bitter, is
hard to swallow, and is very expensive. It is named "The Dodd Frank....
Fri, Apr 27 2012, 7:20 AM
Thursday turned out to be ridiculously narrow given that it followed FOMC Day. Then again, if you tend to agree with the assessment that Bernanke and...
Fri, Apr 27 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
This is the third Friday in a row where we've looked back on what we would have thought would be a...
Fri, Apr 27 2012, 1:47 PM
Mortgages Rates are unchanged from yesterday, capping an extremely flat and historically low week. The FOMC events on Wednesday gave lenders some ...
Thu, Apr 26 2012, 11:14 AM
MBS Live : MBS Morning Market Summary
Little has changed for MBS and Treasuries following this morning's Jobless Claims numbers. The slightly we...
Thu, Apr 26 2012, 10:52 AM
The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) decreased one point in the first quarter of 2012 to 48 from an upwar...
Thu, Apr 26 2012, 10:15 AM
Pending home sales rose in March to 101.4 on the National Association of Realtors® (NAR) Pending Home Sales Index released this morning. This is a 4...
Thu, Apr 26 2012, 9:54 AM
I received
this note from a mortgage bank owner in Louisiana: "Hey Rob, get a load of
this! We had an investor come back to us, asking that we prov...
Thu, Apr 26 2012, 8:11 AM
The frequent reports on foreclosure activity issued by RealtyTrac usually focus on national and state level statistics but a report issued this mornin...
Thu, Apr 26 2012, 7:40 AM
Although it's a net positive to see MBS and Treasuries hold their ground at recent levels following yesterday's FOMC events, it does complicate things...
Thu, Apr 26 2012, 6:22 PM
Mortgages Rates are back down to Tuesday's levels, near the lowest in several months. Yesterday's FOMC-related events caused lenders to price rate s...
Thu, Apr 26 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
By the time all is said and done today, both MBS and Treasuries are heading toward 5pm roughly in l...
Thu, Apr 26 2012, 2:57 PM
While servicing valuations and the various adjusters are the most obvious factors impacting loan execution and pricing, the price spread between diffe...
Wed, Apr 25 2012, 12:41 PM
subtractions in red and struck-through, additions in green and underlined...
Information received since the Federal Open Market Committee met in ...
Wed, Apr 25 2012, 11:38 AM
Real
estate and mortgage lending personnel encompass lots of races, creeds, colors,
ages, and sexes (jokes like, "Osama Bin Laden was living with 3 ...
Wed, Apr 25 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
Bond markets, including MBS, opened in weaker territory this morning and continued losing ground in spite o...
Wed, Apr 25 2012, 10:34 AM
According to Freddie Mac's Monthly Volume Summary for March, the corporations' total mortgage portfolio decreased at an annualized rate of 2.9 per...
Wed, Apr 25 2012, 9:06 AM
Lender Processing Services (LPS) has released an advanced look at data from its March Mortgage Monitor Report due out on May 1. The report provide...
Wed, Apr 25 2012, 9:03 AM
Mortgage interest rates declined to the lowest levels in the history of the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Surve...
Wed, Apr 25 2012, 8:24 AM
At last, FOMC Day arrives. .. We've been waiting for this one--and less than patiently... Two and a half weeks ago, we went into the NFP weekend wit...
Wed, Apr 25 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
Clearly, the whipsaw movements in MBS and Treasuries are readily apparent in the 2 day minute-to-mi...
Wed, Apr 25 2012, 3:48 PM
Fannie Mae issued guidelines to its servicers today improve the timing and methods of handling pre-foreclosure sales, more commonly known as short ...
Wed, Apr 25 2012, 3:35 PM
Mortgages Rates are higher today, following the FOMC Announcement , Member Forecasts and Press Conference. The actual text of the Fed's announcemen...
Tue, Apr 24 2012, 12:48 PM
New home sales fell sharply in March, dropping to a seasonally adjusted annual rate of 328,000, down 7.1 percent from the February's numbers. Howe...
Tue, Apr 24 2012, 12:16 PM
Two major home price indices released this morning indicate that, while home prices are improving the changes are slow and relative . The Federal Ho...
Tue, Apr 24 2012, 11:19 AM
MBS Live : MBS Morning Market Summary
After yesterday proved to be mostly dead, both in terms of volume and volatility, today brings slight...
