Tue, Apr 24 2012, 10:40 AM
From the
New York Times Science sections comes, "While baboons can't read, they can
tell the difference between real English words and nonsensical o...
Tue, Apr 24 2012, 7:47 AM
After yesterday's quiet session, bond markets strengthened during Asian trading hours only to move weaker when Europe got involved. Neither of the mo...
Tue, Apr 24 2012, 4:27 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Tue, Apr 24 2012, 3:20 PM
Mortgages Rates are unchanged in some cases and slightly higher in others. Overall, the difference between today's offerings and yesterday's is fa...
Mon, Apr 23 2012, 11:33 AM
MBS Live : MBS Morning Market Summary
So far, the morning has been as uneventful as expected with no scheduled data or events on the domest...
Mon, Apr 23 2012, 10:18 AM
A Virginia real estate developer has pled guilty to conspiracy to commit wire fraud, making false statements, and conspiracy to commit bank fraud in...
Mon, Apr 23 2012, 10:15 AM
In this business,
you can never have too much Dodd Frank, can you? The House Financial Services
Committee has unveiled the Dodd-Frank
Burden Trac...
Mon, Apr 23 2012, 9:50 AM
Sometimes
the investor news piles up, and there is so much going on in the mortgage and
real estate biz that a separate commentary is warranted. As ...
Mon, Apr 23 2012, 5:31 PM
MGIC Investment Corporation reported its First Quarter 2012 financial results this morning in which it said its net losses for the quarter totaled $1...
Mon, Apr 23 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
Today was really more of an extension of the previous week than the beginning of a new one. Schedu...
Mon, Apr 23 2012, 2:49 PM
Mortgages Rates are back to their lowest levels since February. For an increasing number of lenders, current rates begin to shift the balance towa...
Mon, Apr 23 2012, 1:09 AM
After two excruciatingly slow, sideways weeks, markets will finally get what they've ostensibly been waiting for: Wednesday's FOMC Announcement. This...
Fri, Apr 20 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
Although we threw a Hail Mary pass in the hopes of getting saved by Murphy's Law, bond markets have ...
Fri, Apr 20 2012, 10:32 AM
Do you
live in a small town? Many in the real estate and mortgage business do live in
rural communities (FNC, for example, with the slogan "Know You...
Fri, Apr 20 2012, 7:32 AM
Here we are at the end of a week that might as well have not begun. At least in terms of offering any meaningful reasons for tuning in to bond market...
Fri, Apr 20 2012, 4:10 PM
MBS Live: MBS Afternoon Market Summary Wow... This is now officially a record breaking week. We'll need to do some more digging in order to determi...
Fri, Apr 20 2012, 1:17 PM
Mortgages Rates are microscopically higher today, but there is little effect on Best-Execution rates and only minor affects on the closing costs asso...
Thu, Apr 19 2012, 11:39 AM
Existing home sales decreased in March to a seasonally adjusted annual rate of 4.48 million units, 2.6 percent below the February pace which was adju...
Thu, Apr 19 2012, 11:13 AM
MBS Live : MBS Morning Market Summary
The first highs of the morning remain intact for MBS as do the first lows of the morning for TSY yields. ...
Thu, Apr 19 2012, 10:33 AM
The United
States is an amazing place - everyone is different! But here's an interesting
chart someone sent me on state's teen pregnancy rates, and ...
Thu, Apr 19 2012, 7:36 AM
A theme is developing... It's the one where we question the need for market analysis on a week that has, thus far, behaved as expected to an unexpect...
Thu, Apr 19 2012, 5:12 PM
"A change is afoot when it comes to short sales ," RealtyTrac said on Thursday, releasing new data which indicate, based on January's numbers, that...
Thu, Apr 19 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Regardless of which scene in Monty Python's Holy Grail you prefer, there's no doubt that the recent...
Thu, Apr 19 2012, 2:58 PM
Mortgages Rates continued to operate in the same range that has dominated the past three weeks although the closing costs associated with prevailing ...
Thu, Apr 19 2012, 1:55 PM
After two years of bouncing around a bottom, remodeling activity is expected to pick up later this year, according to the Leading Indicator of Remo...
Wed, Apr 18 2012, 12:29 PM
Do you
ever wonder how much time your employees spend checking their Facebook page,
looking up sports scores, and doing Google searches on old girlf...
Wed, Apr 18 2012, 12:22 PM
Last week, I wrote about specified pool trading and how originators need to take advantage of pay-up opportunities by selling their production int...
Wed, Apr 18 2012, 11:31 AM
Consumer credit defaults, with the exception of credit cards, fell in March for the third consecutive month S&P and Experian said on Monday. The nati...
Wed, Apr 18 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
Even
from afar, today showed promise as having the potential to be "mostly
dead" in terms of market...
Wed, Apr 18 2012, 11:12 AM
The second edition of a new report looking in depth at the mortgage origination market was released today by Ellie Mae. The report for March review...
Wed, Apr 18 2012, 11:05 AM
Alejandro Curbelo, aka Alex Curbelo, a loan officer for Great Country Mortgage Bankers in Miami, pleaded guilty on Tuesday to complicity in a mortgag...
Wed, Apr 18 2012, 10:01 AM
The Architecture Billings Index (ABI) a forward looking index of construction activity, finished March in positive territory for the fifth consecuti...
Wed, Apr 18 2012, 8:47 AM
Fannie Mae and Freddie Mac have been directed by their conservator to streamline procedures for foreclosure alternatives including short sales, deed...
Wed, Apr 18 2012, 8:31 AM
The volume of mortgage refinancing soared during the week ended April 13 according to data released this morning by the Mortgage Bankers Association...
Wed, Apr 18 2012, 8:20 AM
Given that the massive stock rally and plethora of earnings reports did little to motivate bond market movements on Tuesday, we're not looking at toda...
Wed, Apr 18 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
The great sideways grind continued for bond markets today with 3pm marks for 10yr Treasuries not ev...
Wed, Apr 18 2012, 4:17 PM
The Financial Stability Board (FSB) has released its Principles for Sound Residential Mortgage Underwriting Practices . FSB is an international bo...
Wed, Apr 18 2012, 3:33 PM
A so-called Homeowner Bill of Rights has been introduced to the California State Assembly in the form of seven bills centered primarily on the imp...
Wed, Apr 18 2012, 3:26 PM
A key official of the Department of Housing and Urban Development ( HUD ) was sworn into office on Wednesday. Maurice Jones assumed the second high...
Wed, Apr 18 2012, 2:49 PM
Mortgages Rates were flat to slightly improved
today. Most lenders improved pricing by
very small amounts while a few were slightly worse than y...
Tue, Apr 17 2012, 11:25 AM
MBS Live : MBS Morning Market Summary
Bond markets, including MBS are generally weaker today vs yesterday but MBS and Treasuries have both ...
Tue, Apr 17 2012, 11:02 AM
Remember
QRM? Not only is it not on the front
burner, but it may have been put back in the Tupperware container. QM , however, is very much alive...
Tue, Apr 17 2012, 10:44 AM
The U.S. Census Bureau and Department of Housing and Urban Development (HUD) reported this morning that permits for privately owned housing construct...
Tue, Apr 17 2012, 7:49 AM
The New York Fed's Empire State Manufacturing Index is by no means an inconsequential report, but even the big miss it experienced yesterday isn't suf...
Tue, Apr 17 2012, 4:37 PM
MBS Live : MBS Afternoon Market Summary
Two days in and the week continues to live up to its uninspiring expectations. Having made it to stronge...
Tue, Apr 17 2012, 3:34 PM
Mortgages Rates rose slightly today
after hitting their lowest levels since late February yesterday. While that leaves yesterday and 4/10 as two
...
Mon, Apr 16 2012, 11:19 AM
MBS L ive : MBS Morning Market Summary
If the Euro-zone periphery scares you (read: Spanish 10yr yields over 6%), where do you flee to s...
Mon, Apr 16 2012, 10:58 AM
Home builders shifted direction this month reversing the growing optimism they had been exhibiting since last fall. The National Association of Hom...
Mon, Apr 16 2012, 10:31 AM
This note
from Investor's Business Daily reminds me why day-trading stocks never works for
me - even if you had the better-than-expected news ahead ...
Mon, Apr 16 2012, 10:22 AM
In an
anticipated, but nonetheless disappointing announcement for many in the
industry, GMAC Bank Correspondent Funding (GMACB) sent word out to its...
