Thu, Sep 13 2012, 8:39 AM
Aggregate foreclosure activity as
measured by foreclosure filings rose 1 percent in August compared to September
but was down 15 percent from one ...
Thu, Sep 13 2012, 7:25 AM
For many market watchers, mavens, talking-heads of all varieties, and even surveyed primary dealers, today's question isn't so much about WHETHER th...
Thu, Sep 13 2012, 5:48 PM
The Departments of Treasury and Housing
and Urban Development released the August version of its monthly Housing
Scorecard this afternoon. The Sco...
Thu, Sep 13 2012, 4:35 PM
Mortgage rates abruptly lower today after the Fed unveiled a third round of large-scale asset purchases known as quantitative easing or QE3. Althou...
Thu, Sep 13 2012, 4:25 PM
MBS can't control their enthusiasm after the Fed announced MBS-Specific
QE3 today , adding enough dedicated purchase money to the buy side each
m...
Thu, Sep 13 2012, 3:49 PM
Congress just stepped into the dispute
over the right of Chicago and two communities in California to use eminent
domain on behalf of local homeown...
Wed, Sep 12 2012, 12:37 AM
In terms of market-moving data, today we finally arrive at the first day of two most significant days of data and events since the last FOMC and ECB A...
Wed, Sep 12 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
The entire shape of trading this morning seems to have been dictated by the German court decision , ...
Wed, Sep 12 2012, 10:34 AM
The proportion of homeowners with
negative or near equity in their homes declined in the second quarter of the
year with 600,000 borrowers reachi...
Wed, Sep 12 2012, 10:21 AM
The U.S. Government now has a $16 trillion deficit. On the other hand, it
made about $12 billion on the AIG stock sale - congrats. To put those numbe...
Wed, Sep 12 2012, 9:53 AM
The official end of summer seems to have
signaled a resurgence in refinancing .
Despite a week shortened by the Labor Day holiday, applications fo...
Wed, Sep 12 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
Bond markets simply languished sideways to slightly weaker today after walking in the door already ...
Wed, Sep 12 2012, 4:20 PM
The September issue of Fannie Mae's Housing Insights says little specific
about housing, focusing instead on changes in average and aggregate ear...
Wed, Sep 12 2012, 2:40 PM
Pre-HAMP experience with loan modifications
may have been key to the outcome of the Home Affordable Modification Program (HAMP)
according to a pap...
Wed, Sep 12 2012, 1:58 PM
Mortgage rates moved higher for the third straight day after an important legal decision in Germany indicated that Europe's new permanent bailout fu...
Tue, Sep 11 2012, 11:40 AM
MBS Live : MBS Morning Market Summary
MBS opened in slightly weaker territory but were still within yesterday's range. That range was actu...
Tue, Sep 11 2012, 11:01 AM
Is it easier to finance 500 non-owner loans than it is 5? It is kind of
looking that way .
But speaking of lots of loans, and lost in the chatter...
Tue, Sep 11 2012, 10:45 AM
Two U.S. Senators have
reintroduced a bill which aimed at giving Freddie Mac and Fannie Mae (the GSEs)
financed homeowners with equity the some ...
Tue, Sep 11 2012, 10:35 AM
The Federal Housing Finance Agency
(FHFA) has moved to lift a lot of the uncertainty about lender risk and
responsibility with a new framework for...
Tue, Sep 11 2012, 7:33 AM
The week began fairly uneventfully yesterday as MBS essentially coasted sideways in a fairly narrow range, ultimately going out at similar levels to t...
Tue, Sep 11 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
After hitting their best recent levels at the end of August, bond markets have simply been trending...
Tue, Sep 11 2012, 3:40 PM
The House passed the Federal Housing
Administration Fiscal Solvency Act Tuesday by a vote of 407 to 7. The act, as introduced by Representative Ju...
Tue, Sep 11 2012, 2:53 PM
Mortgage rates are somewhat higher again today after news out of Europe created market momentum overnight in favor of higher stock prices and higher...
Tue, Sep 11 2012, 1:51 PM
Guarantee fees (G-fees) are likely to
continue the pattern of gradual increases initiated since Freddie Mac and
Fannie Mae were placed in conserv...
Mon, Sep 10 2012, 11:37 AM
Consumer attitudes toward housing appear
to have stabilized, largely unchanged over the last few months but at levels markedly
higher than last year...
Mon, Sep 10 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
After opening in slightly weaker territory, MBS moved back into the green to the tune of 2-3 ticks in...
Mon, Sep 10 2012, 10:11 AM
The Securities Industry and Financial
Markets Association ( SIFMA ) joined by 25 other trade associations has fired
another salvo in the mortgage em...
Mon, Sep 10 2012, 10:03 AM
One of Coke's slogans several years ago was, "Always
Coca-Cola." Unfortunately for SunTrust, who invested in the company almost
a hundred years ago,...
Mon, Sep 10 2012, 8:14 AM
On August 24th, we shifted our attention, for the most part, to the first two weeks of September as an action-packed and informative period of major c...
Mon, Sep 10 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Stocks sold off roughly 10 points from their highs of the day and the "risk-off" environment ben...
Mon, Sep 10 2012, 3:06 PM
Delinquencies declined 1.6 percent from June to July
resulting in a mortgage loan delinquency rate of 7.03 percent. At the same time the pre-sale fo...
Mon, Sep 10 2012, 2:52 PM
Mortgage rates are somewhat higher to begin the week, continuing a bounce back from better levels seen immediately after Friday's weak employment re...
Mon, Sep 10 2012, 2:51 PM
A net total of 19 housing markets were added to the National
Association of Home Builders/First American Improving Market Index in
September, brin...
Fri, Sep 7 2012, 12:02 PM
MBS Live : MBS Morning Market Summary
MBS and Treasuries' cups runneth over... Or perhaps their cups are leaking a bit after the headier m...
Fri, Sep 7 2012, 11:42 AM
In 1970, Marian McQuade began a campaign to establish a day to honor
grandparents which finally paid off in 1978 when President Jimmy Carter signed
...
Fri, Sep 7 2012, 11:15 AM
Researchers for the Federal Reserve Bank of Boston have
taken a fresh look at the impact of foreclosures on the price of other homes in
a neighbor...
Fri, Sep 7 2012, 7:50 AM
As far as NFP 's go (the " nonfarm payrolls " component of the Employment Situation Report ), today's is a big one for several reasons. Befor...
Fri, Sep 7 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
How Green Was My Rally? Apparently not as green as it was... This morning's gains took MBS into u...
Fri, Sep 7 2012, 1:59 PM
The Home Affordable Refinance Program
( HARP ) hit what its sponsoring agency considered a milestone in July, with a
total of 519,000 loans refin...
Fri, Sep 7 2012, 1:41 PM
Mortgage rates moved strongly lower today regaining the territory lost after yesterday's disconcerting move higher. On average, this leaves rates a...
Thu, Sep 6 2012, 11:49 AM
I'll be standing in line Saturday in Austin, TX to enter the UT
football game. For something non-mortgage related, but interesting from a human
natu...
Thu, Sep 6 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
ECB Pres Mario Draghi generally delivered on what had been well-telegraphed policy changes in t...
Thu, Sep 6 2012, 11:00 AM
The American Bankers Association (ABA)
has reminded its members and others in the industry that the next few months
are critical to lenders becaus...
Thu, Sep 6 2012, 7:53 AM
In case you missed it, the ECB has been doing everything it can to telegraph today's policy changes. This began as early as late July's " London spee...
Thu, Sep 6 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Despite the relatively larger movement in MBS prices today, the underlying market events weren't al...
Thu, Sep 6 2012, 1:55 PM
Mortgage rates moved noticeably higher today after a better-than-expected report on private payrolls suggested that tomorrow's all-important Employm...
Wed, Sep 5 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
As we've seen so many times since the onset of Operation Twist, the daily scheduled Fed buying has ...
Wed, Sep 5 2012, 10:40 AM
Yes, most kids are back to school. How many is that? The Census Bureau
reports that there are about 80 million
children and adults enrolled in scho...
Wed, Sep 5 2012, 8:23 AM
Mortgage applications declined again
during the week ended August 31, down 2.5 percent on a seasonally adjusted
basis from a week earlier. The Mor...
Wed, Sep 5 2012, 7:14 AM
Tuesday proved to be an interesting post-Labor Day Tuesday as bond markets ended the day fairly close to Friday's levels. Additionally, Treasuries ...
