Mon, Apr 16 2012, 10:16 AM
As has been indicated in reports from the Joint Center on Housing and the National Association of Home Builders, home remodeling is emerging as a br...
Mon, Apr 16 2012, 8:25 AM
To put things in perspective, 3 individual days from the penultimate trading week (the one with FOMC Minutes and NFP) each had trading ranges wider th...
Mon, Apr 16 2012, 4:39 PM
Three mortgage originators and a title agent have been permanently barred from conducting business with the federal government after they pled guilty ...
Mon, Apr 16 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
Despite stronger-than-expected Retail Sales figures, bo nd markets ratcheted another notch into positiv...
Mon, Apr 16 2012, 3:40 PM
Thirty-three housing related organizations have signed on to a letter advocating that a broadly defined definition of a Qualified Mortgage (QM) be a...
Mon, Apr 16 2012, 2:32 PM
After
closing out the previous week with slight gains Mortgages Rates have done the same to begin the current
week. On average, this brings rates...
Fri, Apr 13 2012, 12:25 PM
Officials from eleven states have formally petitioned the Federal Housing Finance Agency (FHFA) to reverse its opposition to mortgage loan principa...
Fri, Apr 13 2012, 12:21 PM
Two of the nation's largest banks came in with first quarter earnings above estimates today, due in part to improvements in their respective mortgage...
Fri, Apr 13 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
First Asia, then Europe, and now the Domestic session... All three have had moderately positive impa...
Fri, Apr 13 2012, 9:52 AM
The
financial industry has taken careful note of former House Speaker Newt Gingrich
writing a $500 check on an account that had no money in it. Bot...
Fri, Apr 13 2012, 8:27 AM
Thursday was an odd day for markets. At several points in the day, bond markets reversed course and headed the other direction with less-than-insigni...
Fri, Apr 13 2012, 4:28 PM
MBS Live : MBS Afternoon Market Summary
There's little else to say beyond what's said in the most recent update at 1:43pm below. With a lo...
Fri, Apr 13 2012, 3:36 PM
Mortgages Rates improved slightly today, but that slight improvement brings them close to the best levels of the week. This also means rates cont...
Thu, Apr 12 2012, 12:03 AM
There may be some sort of pattern developing here... In terms of volume and volatility, Monday's domestic session was dead, or perhaps undead. Yes, ...
Thu, Apr 12 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As mentioned in the alerts below, bond yields and stock prices moved in tandem with a high degree of ...
Thu, Apr 12 2012, 9:41 AM
I have
heard that there are some places on the outskirts of Detroit that are becoming
farms. That is pretty weird. But even weirder are some of th...
Thu, Apr 12 2012, 8:32 AM
Foreclosure activity hit the lowest level in over four years during the first quarter of 2012. Filings across the nation fell 2 percent from the f...
Thu, Apr 12 2012, 4:46 PM
Mortgages Rates held their ground today and in many cases, carved out small improvements over yesterday's offerings. This keeps us in some of the...
Thu, Apr 12 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
"It's been a weird, choppy, and inconsistent trading day." That assessment from the most recent ale...
Wed, Apr 11 2012, 11:12 AM
MBS Live : MBS Morning Market Summary
Granted there are still two hours left between now and the 10yr Treasury Auction, but so far today, b...
Wed, Apr 11 2012, 10:48 AM
Last week's head-fake selloff and subsequent rally have
put MBS prices back in sight of their early-February (and all-time) highs. This in turn has ...
Wed, Apr 11 2012, 10:29 AM
I woke up
yesterday morning wondering how I could convince the government to reduce my
principal. What about all those unfortunate folks who don't h...
Wed, Apr 11 2012, 10:15 AM
Multi-family mortgages led commercial loan originations in 2011, accounting for $77.4 billion of the $184.3 billion closed commercial and multi-famil...
Wed, Apr 11 2012, 9:26 AM
There were declines in the Market Composite Index and most of its components during the week ended April 6. The Weekly Mortgage Applications Survey co...
Wed, Apr 11 2012, 8:23 AM
Several instances of Fed-Speak fell on deaf ears Tuesday as did any directional suggestions made by scheduled data and events. Markets were set up to...
Wed, Apr 11 2012, 4:43 PM
Recent improvements in Mortgages Rates hit a snag today , and rose to fall roughly in line with Friday's levels. However, with the exception of th...
Wed, Apr 11 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
Flat, flavorless, and boring all day long... Today's only action occurred in the overnight session...
Tue, Apr 10 2012, 12:24 AM
Yesterday, we brushed up a bit on the differences between technical and fundamental analysis . That's probably worth revisiting considering that yes...
Tue, Apr 10 2012, 11:30 AM
MBS Live : MBS Morning Market Summary
As European markets continue to weaken into their close, bond markets continue to benefit from that f...
Tue, Apr 10 2012, 10:51 AM
The Consumer Financial Protection Bureau ( CFPB ) has released an outline of possible rules for servicing companies which are designed to protect mort...
Tue, Apr 10 2012, 10:46 AM
Here is an
interesting question to ask your boss: "If a project is running behind
schedule, should the boss add personnel to it in hopes of speeding...
Tue, Apr 10 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
Although 10yr Treasuries were up more than half a point in price today (down 6bps in yield to 1.98's...
Tue, Apr 10 2012, 4:08 PM
In prepared remarks for a speech to be delivered to the Brookings Institute today the F ederal Housing Finance Agency's (FHFA) acting director laid o...
Tue, Apr 10 2012, 3:33 PM
Mortgages Rates improved again today , though some lenders' rates were little changed. This marks the second day of moderate improvement and consol...
Mon, Apr 9 2012, 11:32 AM
Fannie Mae's March National Housing Survey indicates that consumers may finally realize that the good times for buy a home might not last forever. ...
Mon, Apr 9 2012, 11:10 AM
MBS Live : MBS Morning Market Summary
Things have been quiet so far this morning, both in terms of volume and volatility. We've seen just ...
Mon, Apr 9 2012, 10:15 AM
How much
did your company make on every transaction in the 4th quarter? For lenders, in
basis points, the average production
profit (net productio...
Mon, Apr 9 2012, 7:58 AM
With last week's FOMC Minutes out of the way on Tuesday, markets shifted gears into the last 3 days of the week--more interested in domestic economi...
Mon, Apr 9 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
It might seem a bit counterintuitive in this age of sophisticated technology that an absence of...
Mon, Apr 9 2012, 3:15 PM
Mortgages Rates improved very slightly in most cases today, though some lenders' rates were unchanged. This follows a strong move lower by most ...
Mon, Apr 9 2012, 1:33 PM
Data is the content that is input into computer software, source code is the instructions that tell the software how to work. Software users usually ...
Mon, Apr 9 2012, 1:23 PM
Senator Sherrod Brown (D-Ohio) has introduced legislation to address the lengthy process of completing real estate short sales . The process continu...
Fri, Apr 6 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
How many "wow's" can 1 month hold? In less than 30 day's, we've seen MBS drop abruptly to 4 month lo...
Fri, Apr 6 2012, 10:24 AM
Happy Good
Friday to everyone! Corruption is the stuff of Tammany Hall and Tea Pot Dome,
right? Wrong. (Look 'em up, youngsters.) There is still co...
Fri, Apr 6 2012, 9:59 AM
A Federal Reserve statement issued yesterday reminds federally regulated banks that they are permitted to rent properties in their owned real estate ...
Fri, Apr 6 2012, 4:43 PM
The Departments of Housing and Urban Development (HUD) and Treasury released the February edition of the Obama Administration's Housing Scorecard on...
Fri, Apr 6 2012, 2:53 PM
Charges were brought against two former bank executives Thursday for their involvement in a fraudulent scheme to conceal their bank's deteriorating ...
Fri, Apr 6 2012, 2:19 PM
As if there weren't already enough housing policy issues to worry about, the Center for Housing Policy points to yet another challenge on the horizon...
Fri, Apr 6 2012, 1:19 PM
Mortgages Rates moved convincingly lower today following a weaker-than-expected Jobs report . Combined with yesterday's gains, most lenders are a...
Thu, Apr 5 2012, 11:59 AM
The National Association of Home Builders/First American Improving Markets Index (IMI) grew by two metropolitan areas (MAs) in April. Thirteen new ...
