Wed, Mar 21 2012, 9:33 AM
Interest
rates rose to the highest levels since December during the week ended March 16
and, driven largely by refinancing, mortgage applications ...
Wed, Mar 21 2012, 9:26 AM
Bloomberg
News is reporting that Ally Financial is in talks with Fortress Investment
Group to sell some assets from Ally's mortgage unit. Accor...
Wed, Mar 21 2012, 8:16 AM
It was an average overnight session in terms of volume an volatility, ultimately resulting in 10yr yields hitting 2.3828 around 6am before cascading d...
Wed, Mar 21 2012, 4:21 PM
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Wed, Mar 21 2012, 3:57 PM
Mortgages Rates finally caught a break today, after spending the last several days either rising abruptly or simply not improving. The gains were ...
Wed, Mar 21 2012, 3:47 PM
The title insurance industry generated
$9.47 billion in premiums in 2011 , down 1.5 percent from its production in
2010. Fourth quarter activity t...
Wed, Mar 21 2012, 3:46 PM
Lender processing Services (LPS)
reported that there was a 5 percent reduction in the national delinquency rate
in February compared to January fi...
Wed, Mar 21 2012, 2:37 PM
Even if the "need" being satisfied were purely psychological, today's rally is a welcome sight. Unlike instances of positive price action in the rece...
Tue, Mar 20 2012, 11:16 AM
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Tue, Mar 20 2012, 10:09 AM
In the old
days, when rotary dial telephones roamed the earth, and it took more time to
dial a 8 or 9 or 0 than it did a 1 or 2 or 3, area codes wer...
Tue, Mar 20 2012, 9:59 AM
There was some good news in the New
Residential Construction Report Housing released by the Census Bureau and the
Department of Housing and Urban De...
Tue, Mar 20 2012, 8:10 AM
Bond markets are slightly stronger after one of the least traumatic overnight sessions in recent memory, both in terms of volume and volatility. Chin...
Tue, Mar 20 2012, 4:16 PM
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Tue, Mar 20 2012, 4:16 PM
A former executive of Taylor, Bean and Whitaker Mortgage Corporation (TBW) is facing a maximum penalty of 10 years in prison after pleading guilty T...
Tue, Mar 20 2012, 4:12 PM
Mortgages Rates , continued pushing into their highest levels of the year today after yet another volatile session for bond markets. Most lenders i...
Tue, Mar 20 2012, 3:02 PM
For the third day in a row, MBS prices pushed into new lows for the year and 10yr Treasuries came as close to testing 3.40 as they have since last...
Tue, Mar 20 2012, 2:11 PM
The Federal Reserve Banks reported net income in 2011 of $78.54 billion
compared to $81.735 billion in 2010.
Total comprehensive income, after adju...
Mon, Mar 19 2012, 11:16 AM
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Mon, Mar 19 2012, 10:27 AM
In this
environment, not only are many mortgage lenders making good returns, but the
Treasury is as well. The Treasury Department may announce today...
Mon, Mar 19 2012, 4:16 PM
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Mon, Mar 19 2012, 4:06 PM
Fourth quarter statistics on the
activities of Freddie Mac and Fannie Mae (the GSEs) in assisting homeowners to stay
in their homes were released ...
Mon, Mar 19 2012, 3:38 PM
With the new week comes new pain for Mortgages Rates , which rose to their highest levels of the year today. Lenders have been adjusting their rat...
Mon, Mar 19 2012, 2:12 PM
Fannie 3.5 MBS are in line with Friday morning's worst levels which marked the lowest prices of the year. The theme so far today has been decidedly ...
Mon, Mar 19 2012, 1:30 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market
Index (HMI) held steady in March, consolidating five straight months of...
Mon, Mar 19 2012, 1:29 PM
Legislation and regulations that delay foreclosures
in various states came in for sharp criticism from a Federal Housing Finance
Agency (FHFA) off...
Mon, Mar 19 2012, 1:27 AM
The week just passed was horribly epic--fraught with significant
economic data (both at home and abroad), important Treasury auctions, an
FOMC Ann...
Fri, Mar 16 2012, 11:20 AM
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Fri, Mar 16 2012, 10:41 AM
In a
unique combination of "Babe" and "Now Comes Miller Time",
if you only watch one video today, make it this one .
Mortgage
bankers and broke...
Fri, Mar 16 2012, 8:06 AM
" As we look ahead to the current week's calendar of events, we're
starting to think that last week may have only been a diversion for ...
Fri, Mar 16 2012, 4:20 PM
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Fri, Mar 16 2012, 3:47 PM
Mortgages Rates managed to hold mostly steady today, ending a week that saw the sharpest 2 day increase in nearly 6 months. Best-Execution for 30-...
Fri, Mar 16 2012, 1:54 PM
The biggest bouts of volatility were seen this morning in terms of MBS and Treasury movement. Each were deposited on the other side of the noon hour ...
Thu, Mar 15 2012, 12:48 PM
The Center for Responsible Lending (CRL)
has published a summary of the National Mortgage Settlement Agreement which
makes it easy to review the d...
Thu, Mar 15 2012, 11:15 AM
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Thu, Mar 15 2012, 9:40 AM
Foreclosure filings during the month of
February were down 2 percent from filings in January and 8 percent from the
pace set in February 2011. Data...
Thu, Mar 15 2012, 8:13 AM
Treasuries were weaker again in the overnight session, again in huge volume, and by a sizable amount. Selling was more pronounced in the Asian sessio...
Thu, Mar 15 2012, 5:04 PM
Mortgages Rates took a beating yesterday, with the recently prevalent 3.875% Best-Execution rate for 30-Year Fixed, Conventional Loans falling comp...
Thu, Mar 15 2012, 4:20 PM
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Thu, Mar 15 2012, 3:14 PM
As we noted yesterday, we're expecting wider trading ranges following yesterday's big breakout. Although we did have nearly a 10bp range in 10yr yiel...
Thu, Mar 15 2012, 2:30 PM
The Treasury market has sold off over the last few sessions with a
violence that brought the debacle of 1994 to mind for industry veterans. The yiel...
Thu, Mar 15 2012, 2:19 PM
The number of completed foreclosures in
January rose to 69,000 from 65,000 in December according to the National
Foreclosure Report released today...
Thu, Mar 15 2012, 2:07 PM
The servicers scoring STAR rewards for
the second half of 2011 were announced today by Fannie Mae . STAR, the Servicer Total Achievement and
Re...
Wed, Mar 14 2012, 11:21 AM
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Wed, Mar 14 2012, 10:53 AM
Happy Pi
Day. (Remember high school geometry...)
As
expected, the Fed did not make any policy changes at yesterday. Perhaps they most
of their ...
Wed, Mar 14 2012, 10:35 AM
The majority of the large bank holding companies in
the country have successfully completed the latest round of bank stress tests
conducted by the...
Wed, Mar 14 2012, 10:16 AM
Mortgage applications during the week
ended March 9 declined 2.4 percent on a seasonally adjusted basis and 1.8
percent unadjusted from the previou...
Wed, Mar 14 2012, 8:15 AM
It's an ugly morning. Bond markets have done everything they can to push yields as high as possible in as short a time as possible and with as much v...
Wed, Mar 14 2012, 4:50 PM
Mortgages Rates moved higher today at their fastest pace in months. 3.875% Best-Execution is off the table today and even the more aggressively-p...
Wed, Mar 14 2012, 4:17 PM
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Wed, Mar 14 2012, 3:48 PM
The Department of Housing and Urban
Development released five reports from its Office of Inspector General on Tuesday
based on reviews of the for...
