Wed, Dec 19 2012, 11:04 AM
Permits for privately owned residential construction
increased by 3.6 percent on a seasonally adjusted basis in November compared to
October. Acco...
Wed, Dec 19 2012, 9:35 AM
Mortgage
applications fell during the week ended December 14 with both refinancing
and purchase applications slowing as rates rose. The Mortgage B...
Wed, Dec 19 2012, 4:13 PM
On to something a little less fun. Uh oh. I can't weigh in on the
validity of this comment, but it comes from a reliable wholesale rep and if
true i...
Wed, Dec 19 2012, 4:11 PM
The tone of the overnight session was serene and slightly positive for bond markets at first, but quickly became dicey as the pre-market domestic crow...
Wed, Dec 19 2012, 2:55 PM
The tone of Fiscal Cliff news shifted from comprommisory back to combative today, helping Mortgage rates recover from Tuesday's multi-month highs ....
Wed, Dec 19 2012, 2:15 PM
The authors of a study just released by the University of
North Carolina's Center for Community Capital suggest that the current condition
of the Fe...
Wed, Dec 19 2012, 1:47 PM
The Senate
Committee on Banking, Housing, and Urban Affairs conducted a hearing on
Wednesday titled " Making Sense of Consumer Credit Reports ." Wi...
Wed, Dec 19 2012, 1:28 PM
Metrics of
loans originated through Ellie Mae's mortgage management software and network
were largely unchanged from earlier months according to its...
Tue, Dec 18 2012, 12:17 PM
Builders of new single family homes
continue to grow more confident about the market for their product according to
the National Association of H...
Tue, Dec 18 2012, 12:12 PM
Production MBS Prices are currently in line with a range of post-QE3 lows seen in late October and
traded to their lowest outright levels today sinc...
Tue, Dec 18 2012, 11:39 AM
Low mortgage rates will continue to aid the housing and mortgage
markets in the New Year as the Federal Reserve continues to purchase $40
billion...
Tue, Dec 18 2012, 8:55 PM
With the help of QE3, MBS have been able to construct an impressive, even if metaphorical castle over the past four months. This can be thought of as...
Tue, Dec 18 2012, 7:46 AM
Last Wednesday, we characterized the impending FOMC-related events as "the best chance in almost a month
to see more than 5bps of movement in 10yr y...
Tue, Dec 18 2012, 5:10 PM
Apparently fearful of another bail out,
six Republican members of the House Financial Services Committee sent a letter
to the Obama Administration...
Tue, Dec 18 2012, 4:40 PM
MBS and Treasury prices have been cliff-diving due to the Fiscal Cliff. This isn't because bond markets are worried about going over the Fiscal Cliff...
Tue, Dec 18 2012, 3:47 PM
Mortgage rates moved higher at the quickest pace in weeks on Tuesday as politicians convey an increasing sense of compromise regarding Fiscal Cliff...
Tue, Dec 18 2012, 3:44 PM
The Mortgage Bankers Association (MBA)
has formed a task force to revisit its 2009 proposal for the future Freddie Mac
and Fannie Mae, the two gover...
Tue, Dec 18 2012, 2:02 PM
Human Resources (HR) managers take note: a court has ruled that an
employer may be liable for an accident to an employee during a work trip. But
for...
Mon, Dec 17 2012, 11:26 AM
Today's trading is kicking off the week in a mostly typical Monday sort
of way with ranges relatively contained, volume on the light side and
limi...
Mon, Dec 17 2012, 9:28 AM
Say what you want about Trulia, it just issued the results of a survey that has
Realtors and LO's cheering: 93% of renters between the ages of 18 a...
Mon, Dec 17 2012, 9:22 AM
"Rob, my boss tells me that my company might start servicing loans .
But all I've heard about is the $25 billion lawsuit from a while back. Is
serv...
Mon, Dec 17 2012, 8:56 AM
The
Center for Responsible Lending (CRL) has released a report on the recent
financial crisis and its impact on consumers.
The State of Lending...
Mon, Dec 17 2012, 7:47 AM
After holding supportive ground on Friday, bond markets may be facing
the prospect of defending that stability before Monday's domestic
session be...
Mon, Dec 17 2012, 4:20 PM
There was very little out today by way of market moving data, at least not the kind that elicits immediate reaction in financial markets. Instead (an...
Mon, Dec 17 2012, 2:24 PM
Mortgage
rates moved slightly higher to begin the last full week of
2012 after fighting back against recent weakness on Friday. Bond
markets...
Mon, Dec 17 2012, 1:52 PM
The National Credit Union Administration (NCUA) has brought suit against
J.P. Morgan Securities and Bear, Stern and Company over the failure of f...
Mon, Dec 17 2012, 1:36 PM
Homeowners affected by the October
hurricane that clobbered the northeast got some face-to-face help from
representatives of mortgage servicers and ...
Fri, Dec 14 2012, 12:02 PM
Today was all about confirming whether or not bond markets would
be able to hold their ground before breaking through important technical
suppor...
Fri, Dec 14 2012, 10:39 AM
Yesterday I journeyed to San Jose to visit with the Silicon Valley Chapter of
CAMP. Casey Fleming, the president, reminded the capacity crowd how imp...
Fri, Dec 14 2012, 9:31 AM
Much of an individual's ability
to secure credit depends on what the three national credit bureaus, Equifax Information Services, Experian
Informa...
Fri, Dec 14 2012, 7:31 AM
To whatever extent a dip into the low 104's is scary business for
Fannie 3.0 MBS or that a 10yr yield rising into the 1.7's is cause for
concern, ...
Fri, Dec 14 2012, 4:36 PM
Today was one of those sessions that seemed to unofficially end early.
Bond markets rallied all morning--albeit in a micro range for MBS--and
cam...
Fri, Dec 14 2012, 3:37 PM
Mortgage
rates moved slightly lower to end the week after having risen to the highest levels
of the month yesterday. That was part of a two ...
Fri, Dec 14 2012, 2:36 PM
According
to the American Enterprise Institute, the Federal Housing Administration (FHA
is engaging in practices that are resulting in a high propor...
Fri, Dec 14 2012, 1:14 PM
Brian Moynihan, Bank of America's chief executive officer, said that everyone involved in the housing market needs to reset their expectation
that...
Thu, Dec 13 2012, 12:09 PM
Bond markets kicked off the day in unchanged-to-weaker territory,
extending yesterday's post-FOMC losses. Economic data actually made a
dent with...
Thu, Dec 13 2012, 10:59 AM
The average person is curious about what their neighbor, or co-worker,
earns. And in this age of transparency, where nothing is private and there is ...
Thu, Dec 13 2012, 10:41 AM
Even after paying a $67 million
settlement to the SEC and being banned from the mortgage industry Angelo
Mozilo , founder and former president of C...
Thu, Dec 13 2012, 10:31 AM
Foreclosure filings in November were 19
percent below filings in November 2011, the 26 th consecutive month
that the year-over-year filings decrea...
Thu, Dec 13 2012, 7:28 AM
If nothing else, today should at least be "informative." When it comes to perfecting the recipe for market movement into 2013, there are too many ...
Thu, Dec 13 2012, 4:41 PM
Most of today's damage was done by 10am as bond markets walked in the
door in weaker territory and were dealt a hand of surprisingly strong
econom...
Thu, Dec 13 2012, 4:01 PM
Mortgage
rates continued higher on Thursday following
stronger-than-expected economic data and continuing the losses after
yesterday's FOMC a...
Thu, Dec 13 2012, 2:08 PM
Profits of independent mortgage banks
and mortgage subsidiaries of chartered banks rose by more than $300 per loan in
the third quarter of 2012 t...
Wed, Dec 12 2012, 12:25 PM
Information received since the Federal Open Market Committee met in
October suggests that economic activity and employment have continued to
expan...
Wed, Dec 12 2012, 12:03 PM
As expected, the 10yr Treasury auction didn't pack its traditional level
of market-moving punch with the relatively much more important FOMC
event...
Wed, Dec 12 2012, 9:25 AM
Based on complaints from the Consumer
Financial Protection Bureau ( CFPB ) a California court has shut down the
operations of two alleged loan modif...
Wed, Dec 12 2012, 9:18 AM
Record lows in interest rates were
accompanied by an increase in mortgage refinancing activity during the week
ended December 7. The Mortgage Bank...
Wed, Dec 12 2012, 7:41 AM
Omnipresent Fiscal Cliff headlines have been muting the impact of
almost all economic events in the past several weeks. As expected,
markets have...
Wed, Dec 12 2012, 5:37 PM
TransUnion , one of the nation's
major credit reporting bureaus forecasted today that one of the primary
consumer credit variables -- mortgage de...
Wed, Dec 12 2012, 4:54 PM
Today's FOMC Announcement brought some interesting changes to way the
Fed will be communicating monetary policy going forward. The most notable ch...
