Wed, Nov 7 2012, 2:01 PM
Industry issued statements in response to last night's reelection of President Barack Obama.
The Mortgage Bankers Association (MBA), SIFMA and th...
Wed, Nov 7 2012, 1:50 PM
The convergence of expectations
about both rising home prices and rising rents may motivate more consumers to
purchase a home in the coming mont...
Tue, Nov 6 2012, 11:36 AM
The National Association of Home
Builders (NAHB)/First American list of improving markets jumped by a net of 22 metropolitan
areas (MSAs) this mon...
Tue, Nov 6 2012, 11:35 AM
Bond markets opened in weaker territory this morning, but only moderately so. The overnight session didn't contain any remarkable revelations to moti...
Tue, Nov 6 2012, 10:55 AM
Home prices increased 5 percent on an
annual basis in September according to data released this morning by
CoreLogic. The CoreLogic Home Price
Ind...
Tue, Nov 6 2012, 9:35 AM
Instead of the two-party system, how about the "I want to party" system!?
Today, as one critic put it, is when the fate of the nation is determined b...
Tue, Nov 6 2012, 6:39 PM
Reuters is reporting that the federal
government is investigating Wells Fargo & Company for its mortgage-related
practices including the originati...
Tue, Nov 6 2012, 6:37 AM
Today's election continues to dominate the near term outlook. Who knows exactly how long this may have been the case?! But certainly, Friday's pa...
Tue, Nov 6 2012, 6:16 AM
Loan modifications and other foreclosure
prevention measures directed at privately owned mortgages continued at a high
rate during both September an...
Tue, Nov 6 2012, 4:47 PM
In the context of the context of the past 3 weeks, current prices in production coupon MBS aren't that bad. In fact, we're headed out in better terri...
Tue, Nov 6 2012, 4:06 PM
Mortgage rates began the day only moderately worse off than yesterday's latest offerings, but rose sharply throughout the day . In the late morni...
Mon, Nov 5 2012, 12:06 PM
Here's something that may sway a few undecided voters. (Is anyone
undecided at this point?) The U.S. debt ceiling is expected to be reached
before 2...
Mon, Nov 5 2012, 11:51 AM
The overnight session was generally positive for bond markets as the looming US election and general European uncertainty both
offer reasons for...
Mon, Nov 5 2012, 7:47 AM
The week ahead offers an uncommonly light selection of economic reports
as well as the 3/10/30yr round of Treasury Auctions. And of course,
Tuesd...
Mon, Nov 5 2012, 5:45 PM
Home ownership, which has already
dropped 2.7 percent since the start of the current housing crisis, is expected
to decline another 1 to 2 percentag...
Mon, Nov 5 2012, 4:11 PM
10yr Treasuries--the best way we have to track the broader domestic bond market overnight--made it to the European session at the same levels seen jus...
Mon, Nov 5 2012, 2:03 PM
While some of the improvement came in the form of late day reprices on Friday, mortgage
rates are appreciably lower to begin the week. Movement...
Fri, Nov 2 2012, 12:02 PM
Even though markets can go either way following an NFP report that comes in "pretty close" to consensus, today's Payrolls print was a bit more econom...
Fri, Nov 2 2012, 9:01 AM
"Spring ahead, fall back!" Sunday morning, folks in most states
will receive an extra hour of snooze time!
What's the difference between a hurri...
Fri, Nov 2 2012, 6:49 AM
It's been a long and interesting week to say the least. We finally come to the end of the week today, though it certainly wouldn't have felt ' too ...
Fri, Nov 2 2012, 4:24 PM
If you'd given us the results of today's Employment Situation yesterday
and asked us to predict how markets would react, we certainly have
expecte...
Fri, Nov 2 2012, 2:37 PM
Dear President Obama, As the election approaches next week, I feel compelled as a twenty veteran of the housing industry to write a letter that speak...
Fri, Nov 2 2012, 2:36 PM
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Fri, Nov 2 2012, 2:09 PM
Mortgage
rates were slightly higher in some cases but generally held
up surprisingly well after today's Employment Situation Report showed a
...
Thu, Nov 1 2012, 12:07 PM
Bond markets are weaker today, but it's the sort of weakness that's
relatively tolerable. It speaks to some sort of ongoing, underlying
level of ...
Thu, Nov 1 2012, 9:17 AM
Hey, it's November 1st! Just think: any 60 day rate lock (pretty
common place these days) expires in 2013! All those LO's with hefty incomes
in 20...
Thu, Nov 1 2012, 8:39 AM
The Federal
Reserve's Senior Loan Officer Opinion Survey on Bank Lending Practices asked lending officers from 64 institutions for
information on ...
Thu, Nov 1 2012, 6:37 AM
Whereas Wednesday had little by way of data and domestic market
headlines, Thursday is crowded with reports as some of the data normally
scheduled...
Thu, Nov 1 2012, 4:28 PM
As far as "down days" go, today's wasn't nearly as painful or as eventful as most can be.
Fannie 3.0s are heading out less than a quarter of a poin...
Thu, Nov 1 2012, 3:55 PM
A sellers' market appears to be emerging
in some areas in California. The
California Association of Realtors® (C.A.R.) said Thursday that favorab...
Thu, Nov 1 2012, 3:07 PM
Mortgage
rates were significantly more unified in their movement on Thursday. Actually, "lack of movement "
would be a better characterizatio...
Thu, Nov 1 2012, 2:15 PM
When America spun into the recession the
default rate on mortgages also spiraled up from traditional norms of 0 to 2
percent to as high as 10 perc...
Thu, Nov 1 2012, 1:42 PM
Two federal agencies announced
on Thursday that they are working together to create the first comprehensive
repository of detailed mortgage loan in...
Wed, Oct 31 2012, 12:39 PM
Agreements were announced on Wednesday with
nine private insurance carriers that will make foreclosure alternatives much
quicker and easier for ...
Wed, Oct 31 2012, 12:23 PM
With our without the storm damage, here in the U.S. there are 41 million potential
trick-or-treaters (children age 5 to 14; see joke at bottom) acros...
Wed, Oct 31 2012, 12:11 PM
It was hard to know exactly what to expect coming into today's session,
but one of the fairer guesses was that we'd see some measure of support
fr...
Wed, Oct 31 2012, 10:58 AM
The Consumer Financial Protection Bureau
(CFPB) reposted one of its earliest blog postings today to help the victims of
Hurricane Sandy avoid the ...
Wed, Oct 31 2012, 10:50 AM
While completed foreclosures continued
to drop in September, CoreLogic's National
Foreclosure Report points out that they are still nearly tripl...
Wed, Oct 31 2012, 9:02 AM
Applications for refinancing declined
for the fourth straight week according to information from the Mortgage Bankers
Association's (MBA) Weekly Mo...
Wed, Oct 31 2012, 6:55 AM
After the once-in-a-lifetime unscheduled hiatus of the past 1.75 days,
bond markets will be open again on Wednesday, but we're not expecting
the s...
Wed, Oct 31 2012, 5:08 PM
As you might expect, the first day back on line after an unscheduled 1.5
days off was a somewhat volatile one for bond markets. The fact that
it ...
Wed, Oct 31 2012, 3:03 PM
Mortgage
rates were all over the board on Wednesday in terms of their
movements relative to each other and trading levels in the Secondary
Mo...
Tue, Oct 30 2012, 12:11 PM
Thank you to Julie F. from NJ on the FEMA declarations and re-inspections
normally required on properties in a disaster area . (A 2070, or 2075, wit...
Tue, Oct 30 2012, 12:03 PM
Vacancy rates in the third quarter
declined from one year earlier for both homeowner properties and those held as
rentals according to the U.S. Cen...
Tue, Oct 30 2012, 10:20 AM
There is
continued good news about home prices from the S&P/Case-Shiller Home Price
Indices today. Both the 10-City and the
20-City Composites...
Tue, Oct 30 2012, 8:08 AM
Just about the only thing that remains on the calendar for today will be the 900am release of S&P Case Shiller
Home Prices. The Conference Board an...
Tue, Oct 30 2012, 3:38 PM
Mortgage
rates rose slightly on Tuesday, even though financial markets
were fully closed due to Hurricane Sandy. The market closure meant
th...
Tue, Oct 30 2012, 3:14 PM
Homeowners with Freddie Mac mortgages
will get some help if their homes were damaged or destroyed by Monday's massive
storm. The company announce...
Mon, Oct 29 2012, 12:12 PM
Trading has been predictably slow and uneventful as market participants are in housekeeping mode
thanks to an early close today and a complete clo...
Mon, Oct 29 2012, 10:33 AM
Although the credit markets are open until noon EST, and thus rates are
moving, the Fannie Trading Desk spread the word to clients, " Due to
Hurrica...
