Fri, Oct 19 2012, 10:14 AM
Occasionally I am asked about a graphic presentation on foreclosures in
the United States, and how they've impacted different areas. Here you go .
...
Fri, Oct 19 2012, 6:16 PM
After 4 days of nastiness--the last of which being a head-fake rally
that subsequently ended at weaker levels--bond markets finally ended in
the g...
Fri, Oct 19 2012, 3:08 PM
After moving higher every day this week mortgage rates finally held their ground
today. Despite moderately lower Treasury yields and healthy
...
Thu, Oct 18 2012, 12:37 PM
Little to say here apart from the fact that bond markets can't catch a
break. MBS and Treasuries BOTH tried to make it through their
respective t...
Thu, Oct 18 2012, 10:29 AM
The Harvard Joint Center for Housing
Studies is predicting strong gains in remodeling and home improvement activity
over the rest of 2012 and the ...
Thu, Oct 18 2012, 10:26 PM
Rather than discreet, explosive tape-bombs , the two day EU
summit that began yesterday offered up a steady stream of fairly generic
encouragemen...
Thu, Oct 18 2012, 9:38 AM
Pay no attention to those stories about "Shadow Inventory"!
Apparently that has all been soaked up. Or, at least, builders and the NAR
would like to...
Thu, Oct 18 2012, 7:32 AM
With the first part of this week catastrophically failing to demonstrate
any meaningful connection between economic data and market movements,
we'...
Thu, Oct 18 2012, 4:41 PM
Bond markets offered up a decent head fake this morning as we were stronger out of the gate for once! But that changed abruptly
heading into th...
Thu, Oct 18 2012, 3:34 PM
The Mortgage Bankers Association ( MBA )
has sent a letter to the Federal Reserve, Office of the Comptroller of the
Currency and the Federal Depos...
Thu, Oct 18 2012, 3:17 PM
Six
years ago the Center for Housing Policy (CHP) and the Center for Neighborhood
Technology (CNT) published a study, A
Heavy Load: The Combined...
Thu, Oct 18 2012, 2:29 PM
Mortgage rates have been higher every day this week ,
with Thursday's losses matching the pace of the past few sessions. The
overall difference...
Wed, Oct 17 2012, 12:41 PM
Permits
for new single family houses jumped 11.6 percent in September. The seasonally adjusted annual rate rose from
a revised August estimate of ...
Wed, Oct 17 2012, 12:28 PM
Today is a very simple (and very negative) day for bond markets. The bottom
line is that between Euro headlines and a freakishly strong Housing
S...
Wed, Oct 17 2012, 12:03 PM
The
Mortgage Bankers Association has sent a letter and supporting materials to the
Consumer Financial Protection Bureau providing its opinion on t...
Wed, Oct 17 2012, 10:27 AM
In
2011 the two government sponsored enterprises (GSEs) pursued deficiencies
following foreclosures in the amount of $2.1 billion but collected o...
Wed, Oct 17 2012, 10:03 AM
"Rob, in the old days, I'd go to conferences and secondary marketing
people would compare their status by comparing guarantee and guarantor fees.
Th...
Wed, Oct 17 2012, 8:48 AM
The Mortgage Bankers Association's (MBA)
Weekly Mortgage Applications Survey showed a slight increase in applications
for home purchases during th...
Wed, Oct 17 2012, 7:27 AM
Carrying on with the question posed at the beginning of the week regarding "confirming apathy" or " discovering organic motivation," if
we're to ...
Wed, Oct 17 2012, 4:39 PM
Although there's no way to know whether or not history will repeat
itself this time, we've seen this pattern of behavior before where
markets make...
Wed, Oct 17 2012, 2:37 PM
While
the time to close a loan increased again in September, lenders are closing a
significantly higher portion of loans than they have in earlier m...
Wed, Oct 17 2012, 2:09 PM
Even though bond markets clearly reacted to Housing Starts
data, the sharp movement still fell within the broader pattern of
movement stretching...
Tue, Oct 16 2012, 12:34 PM
The National Association of Home Builder's
(NAHB)/Wells Faro Housing Market Index (HMI) again edged closer to positive
territory this month, incre...
Tue, Oct 16 2012, 12:05 PM
As has been the case on many occasions since the inception of QE3, the biggest determining factor of MBS price levels in the AM hours has been the i...
Tue, Oct 16 2012, 9:53 AM
In terms of foreclosures, California has been having a rough go of things
recently. The state has one of the highest rates of foreclosure in the
co...
Tue, Oct 16 2012, 9:12 AM
A late-breaking WSJ story tonight covered a potential compromise on a government proposal to legislate loan approval guidelines, and it requires some ...
Tue, Oct 16 2012, 6:48 AM
The title of yesterday's "week ahead" asked whether or not markets to decide between confirming apathy and discovering organic motivation. Grante...
Tue, Oct 16 2012, 4:51 PM
Refinancing
through Freddie Mae and Fannie Mae jumped sharply in August as homeowners continued
to take advantage of record low rates. The
two gov...
Tue, Oct 16 2012, 4:33 PM
To say that MBS held a narrow trading range today would be an understatement .
Even though Treasury yields and stocks moved gradually higher
t...
Tue, Oct 16 2012, 1:56 PM
Mortgage rates continued higher on Tuesday, rising at a faster pace than Monday, and reversing two
days of improvements at the end of last we...
Mon, Oct 15 2012, 11:48 AM
We mused this morning that if markets could talk , they would seem
to have been saying "now what?" ever since QE3 went live roughly a
month ago. ...
Mon, Oct 15 2012, 10:35 AM
Will Basel III be delayed? Maybe! Here is the latest: http://www.bloomberg.com/news/2012-10-11/eu-said-to-weigh-delaying-basel-bank-rules-for-up-to-a-...
Mon, Oct 15 2012, 7:18 AM
Before the Fed announced QE3 in mid-September, markets were more active , ostensibly trading varying degrees of anticipation for
the size, shape,...
Mon, Oct 15 2012, 5:10 PM
For the last few months the National
Association of Realtors® (NAR) has been making some general statements that tight
inventories of existing home...
Mon, Oct 15 2012, 4:58 PM
MBS Live : MBS Afternoon Market Summary
Bond markets coasted into the domestic session after extremely quiet trading during Asian and European ...
Mon, Oct 15 2012, 1:49 PM
HOPE NOW , the voluntary, private
sector alliance of mortgage servicers, investors, mortgage insurers and
non-profit counselors, reported that its p...
Mon, Oct 15 2012, 1:15 PM
After managing to improve on Thursday and Friday, mortgage rates begin the current week slightly higher. Even
so, the changes between Friday and...
Fri, Oct 12 2012, 11:33 AM
Two of the nation's largest banks
published third quarter earnings today and both credited their respective
mortgage businesses for part of their su...
Fri, Oct 12 2012, 11:20 AM
In a shock ing twist of ev ents, bond markets were once again
completely apathetic overnight and have been sideways to slightly
improved so far th...
Fri, Oct 12 2012, 10:48 AM
(This is
the first in what will be a series of articles
featuring mortgage companies and individual professionals who are giving back
to their comm...
Fri, Oct 12 2012, 10:32 AM
The 2010 Census showed that people who reported multiple races grew by
a larger percentage than those reporting a single race . According to the 20...
Fri, Oct 12 2012, 7:32 AM
Heading into the last day of a holiday-shortened week that has offered
little guidance for bond markets, we see today's lack of major economic
dat...
Fri, Oct 12 2012, 4:34 PM
Bond markets cruised casually weaker in the overnight session as stocks
were flat, both holding narrow ranges and nonplussed to the extreme.
Trea...
Fri, Oct 12 2012, 2:39 PM
The week ahead is busier in terms of economic data with an important
report on Retail Sales leading off first thing Monday morning. It's not
impo...
Thu, Oct 11 2012, 11:48 AM
In case you missed it and/or don't have time to check out the update below, today's drop in Jobless Claims was big enough to raise some eyebrows ,
...
Thu, Oct 11 2012, 11:20 AM
The Financial Crimes Enforcement Network
(FinCEN) has issued its Mortgage Fraud Update for the second quarter of 2012. The update is based on mort...
Thu, Oct 11 2012, 10:03 AM
Foreclosure
activity nationwide fell to the lowest level in September since almost the
beginning of the foreclosure crisis according to RealtyT...
Thu, Oct 11 2012, 9:30 AM
Welcome to 10/11/12...how many times do us adults get a chance at a date
like that here in the U.S.? I guess once a year up until 2014.
On the j...
Thu, Oct 11 2012, 6:30 AM
Thursday is a major gear shift , and stands a good chance to
leave less doubt as to which tracks are most worthy to be followed. By
the end of i...
Thu, Oct 11 2012, 4:21 PM
Although bond markets leaked casually into weaker territory overnight
and despite the hiccups caused by the curiously strong (but later
explained)...
