Wed, May 16 2012, 3:21 PM
Mortgage Rates are steady to slightly improved today following as Europe's fiscal woes continue providing downward pressure on US interest rates. ...
Wed, May 16 2012, 2:15 PM
One of the themes discussed at the MBA’s recent conference in New York was the idea of “a merger” of the mortgage-backed securities issued by Fannie...
Wed, May 16 2012, 2:09 PM
Small and medium-sized lenders and community banks appear to be closing loans for refinancing faster than their "mega-lender" counterparts accord...
Tue, May 15 2012, 12:16 PM
Housing affordability may be at an all time high according to the quarterly Housing Affordability Index for the first quarter of 2012. The index, is...
Tue, May 15 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
Fewer mornings this year have been busier from an economic data standpoint, and that fact will be ap...
Tue, May 15 2012, 11:20 AM
After a bad showing in April the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) has rebounded, hitting its hi...
Tue, May 15 2012, 10:57 AM
The Federal Housing Finance Agency released a draft of its Strategic Plan : Fiscal Years 2013-2017 this morning. The document, which lays out g...
Tue, May 15 2012, 10:31 AM
Delaware Attorney General Beau Biden said recently that the states' attorneys general need to make it clear that the recent $25 billion settlement w...
Tue, May 15 2012, 7:08 AM
Today's data includes Retail Sales, The Consumer Price Index, and The Empire State Manufacturing survey... And that's just the 8:30am time slot! Tre...
Tue, May 15 2012, 4:53 PM
Mortgage Rates paused their recent trend of moderate improvement today to hold steady near all-time lows. Despite an abundance of domesti...
Tue, May 15 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Today we got to see just how inconsequential our domestic data can be in the face of global financi...
Tue, May 15 2012, 2:58 PM
"Apparently,
I'm supposed to be more outraged by what Mitt Romney does with his money, than
by what Barack Obama does with mine." So wrote a witty L...
Mon, May 14 2012, 12:30 PM
What did
the Dali Lama say to the hot dog vendor? "Make me one with
everything." Some LO's out there wish the Lama could fix the pricing on
some of...
Mon, May 14 2012, 12:11 PM
Twelve groups, principally trade associations, sent a letter on Friday to the Department of Housing and Urban Development ( HUD ) commenting on a No...
Mon, May 14 2012, 11:26 AM
MBS Live : MBS Morning Market Summary
Fundamentally, little has changed over the weekend or this morning as markets continue flying holding...
Mon, May 14 2012, 8:58 AM
What had been an overwhelmingly narrow and orderly month-long rally in Treasuries got a moderate dose of volatility last week as Greece took center st...
Mon, May 14 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Put another hash mark on the wall in the "uneventful, sideways trading day at all-time highs for M...
Mon, May 14 2012, 4:20 PM
Homeowners who refinanced through Freddie Mac in the first quarter of 2012 overwhelmingly picked fixed rate loans and 31 percent chose new loans that ...
Mon, May 14 2012, 4:08 PM
Ally Financial , formerly known as GMAC , took its residential lending unit into bankruptcy this morning in federal court in Manhattan. At the same ...
Mon, May 14 2012, 2:38 PM
Mortgage Rates continued a recent trend of moderate improvement fueled indirectly by political turmoil in Europe. The gains bring rates in ...
Fri, May 11 2012, 11:26 AM
MBS Live : MBS Morning Market Summary
By now it should be reasonably understood that there is no hard and fast rule that says stock prices ...
Fri, May 11 2012, 10:36 AM
In remarks scheduled for 3 p.m. in Reno, President Obama will call on Congress to expand mortgage refinancing opportunities as a way to boost the ec...
Fri, May 11 2012, 10:29 AM
Home prices as reflected in the Lender Processing Services Home Price Index ( LPS HPI ) "increased nationally for the first time since March 2010 and ...
Fri, May 11 2012, 10:09 AM
Freddie Mac has picked a former JPMorgan Chase executive as its new chief executive officer. The corporation announced late Thursday that Donald H. ...
Fri, May 11 2012, 7:31 AM
The pace of data and events slows down appreciably today as the Treasury Auction cycle, MBS settlement, and most of the week's economic data is behind...
Fri, May 11 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
Volume was fairly light today for MBS and Treasuries alike. Both were more keen to take the casual obse...
Fri, May 11 2012, 2:21 PM
Mortgage Rates improved moderately today as European turmoil continues to benefit domestic interest rates. Yesterday's late news of a $2 bln tr...
Fri, May 11 2012, 1:35 PM
Occasionally
I remind folks that rates are low . They know that, but to remind them even
further, I tell them that if Mr. & Mrs. Smith spend their ...
Fri, May 11 2012, 1:32 PM
In a press briefing held in advance of President Obama's appearance in Reno, Nevada, Housing and Urban Development (HUD) Secretary Shawn Donovan g...
Thu, May 10 2012, 11:47 AM
MBS Live : MBS Morning Market Summary
We don't say the following in an attempt to be funny, but markets are flat again. It feels like we continu...
Thu, May 10 2012, 10:42 AM
This is the second of two parts ( Part 1: Prelude to HARP 3.0 as Donovan Testifies at Senate Hearing ) of a summary of a hearing of the Senate Bank...
Thu, May 10 2012, 7:53 AM
History was made on Wednesday as the US Treasury assigned it's first ever 1.75% coupon to a 10yr Treasury auction. That's more of a piece of water-co...
Thu, May 10 2012, 4:55 PM
You may
not have known that May is Asian/Pacific
American Heritage Month, which started as a Heritage Week in 1978, but got
promoted to a month in ...
Thu, May 10 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
After days and days watching MBS get ground into the ceiling at all-time highs despite falling Trea...
Thu, May 10 2012, 2:24 PM
Mortgage Rates were generally unchanged today , keeping them near their recent and all-time lows . Lately, mortgage rates have been holding increa...
Thu, May 10 2012, 1:48 PM
Since the financial crisis banks have made considerable progress in repairing their balance sheets and building capital Federal Reserve Chairman Ben S...
Wed, May 9 2012, 11:39 AM
Freddie Mac said on Tuesday that only 21 percent of homeowners who refinanced during the first quarter took cash out of their homes . During the ...
Wed, May 9 2012, 11:36 AM
I saw a classified ad recently where a person had a vintage French military rifle for sale. The description said "Mint condition, never fired; only d...
Wed, May 9 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
MBS and Treasuries both opened up at strong levels, the former at all-time highs, and the latter at the lo...
Wed, May 9 2012, 10:55 AM
Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency (FHFA) told Federal Home Loan Bank (FHLBank) directors yesterday that their ...
Wed, May 9 2012, 9:03 AM
The Mortgage Bankers Association (MBA) said this morning that its Market Composite Index, a measure of loan application volume , rose 1.7 percent on ...
Wed, May 9 2012, 8:02 AM
Tuesday wasn't a good day to be MBS, at least not compared to Treasuries. We began the session with less by way of overnight improvements, gained les...
Wed, May 9 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
This may be the last time we get to say this for a while but MBS--particularly
Fannie 3.5's--just...
Wed, May 9 2012, 4:16 PM
Home sales in the first quarter of 2012 were the highest seen in any first quarter since 2007 according to data released today by the National Asso...
Wed, May 9 2012, 3:13 PM
Mortgages rates held steady for the most part today, despite relatively volatile movements in underlying markets. Actually, the bond markets of wh...
Wed, May 9 2012, 2:29 PM
Fannie Mae joined Freddie Mac in showing significant improvement in its financial condition during the first quarter of 2012. The company reported t...
Wed, May 9 2012, 2:07 PM
TransUnion said on Tuesday that its National Mortgage Loan Delinquency Rate hit the lowest level in the first quarter of 2012 that it has seen since...
Tue, May 8 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
New All Time Highs For MBS!!!! Wait... It's sort of anti-climactic really. Rate sheets aren't much ...
Tue, May 8 2012, 11:02 AM
Mortgage investment Corporation (MGIC) said today that its principal subsidiary, Mortgage Guaranty Insurance Corporation wrote $1.7 billion in new pr...
Tue, May 8 2012, 10:28 AM
House prices reflected in CoreLogic's March Home Price Index which was released today increased on a month-over-month basis for the first time in ne...
