Fri, Jan 27 2012, 1:52 PM
Mortgages Rates
continued their march into better territory today, capping a 3 day effort of improvement following Wednesday's FOMC Announcement. ...
Fri, Jan 27 2012, 1:36 PM
The formation of the Residential
Mortgage-Backed Securities Working Group tasked with investigating mortgage
fraud is now official. The new offic...
Thu, Jan 26 2012, 11:26 AM
New home sales declined by 2.2 percent
to a seasonally adjusted annual rate of 307,000 units in December according to
data jointly released by the ...
Thu, Jan 26 2012, 11:19 AM
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Thu, Jan 26 2012, 10:45 AM
I was
speaking to my 88-year old dad the other day on the way to Costco for a hot dog
lunch. (No, this is not elder-abuse - he actually likes them.)...
Thu, Jan 26 2012, 10:31 AM
Although the important economic releases this morning were either in-line with expectations or better (Home Sales missed expectations, but it's not an...
Thu, Jan 26 2012, 10:12 AM
Sales of distressed homes, those in some
stage of foreclosure or bank owned (REO), accounted to 20 percent of all U.S.
home sales during the third ...
Thu, Jan 26 2012, 9:24 AM
Housing featured prominently in
President Obama's State of the Union speech on Tuesday night. The President made two specific proposals,
one to dea...
Thu, Jan 26 2012, 7:52 AM
Bond markets improved in the overnight session. The pace was slow at first as German, French, and Italian economic data were all close to consensus e...
Thu, Jan 26 2012, 4:19 PM
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Thu, Jan 26 2012, 3:17 PM
Mortgages Rates over the past two days have done much to make ground lost leading up to Yesterday's FOMC Announcement. After further improvements to...
Thu, Jan 26 2012, 3:17 PM
Like their home-building counterparts, remodelers
who are members of the National Association of Home Builders (NAHB) are
displaying more confiden...
Thu, Jan 26 2012, 2:44 PM
The "flatness" of MBS prices is simply uncanny considering that Fannie 3.5's are currently right at their highest levels since late September, and con...
Wed, Jan 25 2012, 12:11 PM
The Federal Housing Finance Agency's (FHFA)
Home Price Index (HPI) rose 1.0 percent from October to November reflecting an
increase in U.S. housing ...
Wed, Jan 25 2012, 11:21 AM
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Wed, Jan 25 2012, 11:16 AM
Pending home sales fell off of the
19-month high reached in November according to figures released on Wednesday by
the National Association of Real...
Wed, Jan 25 2012, 10:26 AM
In last
night's speech President Obama asked for creation of special unit of federal
prosecutors to further investigate mortgage lending practices t...
Wed, Jan 25 2012, 9:28 AM
Mortgage applications were down during
the week ended January 20 according to the Weekly Mortgage Applications Survey
conducted by the Mortgage Ban...
Wed, Jan 25 2012, 8:57 AM
The overnight session was almost completely
unnecessary. 10yr yields climbed to
nearly 2.08, apparently not willing to test yesterday's highs, and ...
Wed, Jan 25 2012, 4:16 PM
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Wed, Jan 25 2012, 4:02 PM
Mortgages Rates spent 2 days at 4.0% in terms of rounded average "Best-Execution" rates (for detail on what that means, READ THIS POST from a few d...
Wed, Jan 25 2012, 2:45 PM
Let's cut right to the chase... Although the 5yr auction earlier today was strong and although there were several paragraphs-worth of content in toda...
Tue, Jan 24 2012, 11:16 AM
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Tue, Jan 24 2012, 10:02 AM
As red-blooded American males prepare for the advertising onslaught
of Valentine's Day (2/14), we are reminded that the media is indeed
powerful -...
Tue, Jan 24 2012, 8:27 AM
Bond markets are off to a decent start with 10yr yields down just over a bp at 2.044 and Fannie 3.5 MBS up 4 ticks at 102-24. The overnight session...
Tue, Jan 24 2012, 4:16 PM
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Tue, Jan 24 2012, 2:50 PM
Mortgage Electronic Registration
Systems, Inc. better known as MERS won a significant victory in court on
Tuesday as the U.S. Court of Appeals f...
Tue, Jan 24 2012, 2:34 PM
Mortgages Rates are steady to slightly improved today after rising for the first time in a month yesterday. Although rates change slightly every day...
Tue, Jan 24 2012, 1:42 PM
Rumors have been circulating for some
time that the Obama Administration is pressuring the 50 state attorneys general,
the Justice Department and th...
Tue, Jan 24 2012, 1:32 PM
Not simply because MBS are currently at the same price levels as Friday afternoon do we say that their week begins tomorrow. In fact, Friday's levels...
Mon, Jan 23 2012, 11:16 AM
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Mon, Jan 23 2012, 11:05 AM
It's been a choppy morning for MBS. At their lows, Fannie 3.5's hit 102-13, while highs have been mostly capped out at 102-19. The 6/32nds gap betwe...
Mon, Jan 23 2012, 10:28 AM
Cash buyers, principally investors, may
be putting downward pressure on home prices according to the Campbell/Inside
Mortgage Finance Housing Puls...
Mon, Jan 23 2012, 9:44 AM
Hey, if
you can't beat 'em, join 'em . I bet many
wouldn't mind making nearly a quarter million a year being a "cutting edge"
CFPB regulator - li...
Mon, Jan 23 2012, 8:47 AM
"Things were fairly flat for most of the overnight session, and 10yr notes got as low as 1.99's earlier in the morning when the potential inability of...
Mon, Jan 23 2012, 5:12 PM
Acting Federal Housing Finance Agency (FHFA)
Director Edward J. DeMarco responded Friday to a request from 16 House
Democrats to explain the statuto...
Mon, Jan 23 2012, 4:16 PM
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Mon, Jan 23 2012, 3:12 PM
For the first time in over a month, the Best-Execution rate for 30yr fixed mortgages rose from a rounded average of 3.875% to 4.00% today. The underl...
Fri, Jan 20 2012, 11:56 AM
Existing
home sales edged higher for the third consecutive month according to data
released this morning by the National Association of Realtors® ...
Fri, Jan 20 2012, 11:20 AM
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Fri, Jan 20 2012, 9:51 AM
The world
has been watching the ship incident in the Mediterranean, and the fact that the
captain was seen on an island during the event. His quote,...
Fri, Jan 20 2012, 9:43 AM
The proposed down payment standards
for new mortgages might push 60 percent of potential borrowers into high-cost
loans or out of the housing mark...
Fri, Jan 20 2012, 8:33 AM
Yesterday's busy calendar of economic reports gives way to relative silence. Existing Home Sales at 10am is the only scheduled release. But as we've...
Fri, Jan 20 2012, 4:16 PM
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Fri, Jan 20 2012, 2:21 PM
Mortgage Rates
moved higher again today, albeit by a relatively small amount on average. But averages only tell part of the story. We're seeing t...
Fri, Jan 20 2012, 1:24 PM
Spending
on home improvements and remodeling have shown signs of a rebound and the
Remodeling Futures Program at the Harvard Joint Center for Hous...
Fri, Jan 20 2012, 1:19 PM
"It's impressive that Fannie 3.5's have held on to 102-20 as long as they have with 10's inching closer to 2.03. With prices near their lows of the da...
Thu, Jan 19 2012, 11:21 AM
Adjustable rate mortgages have lost
much of the popularity they enjoyed in the mid-2000s and Freddie Mac's 28 th
Annual Adjustable-Rate Mortgage S...
Thu, Jan 19 2012, 11:20 AM
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Thu, Jan 19 2012, 11:11 AM
Basketball
fans know that all-stars Patrick Ewing, Charles Barkley, Dominique Wilkins,
Elgin Baylor, Reggie Miller, Pete Maravich, Karl Malone, and ...
