Thu, Sep 22 2011, 5:17 PM
After yesterday's FOMC Announcement, Mortgage Rates moved to all time
lows. The rally in bond markets extended
overnight and throughout today's tra...
Thu, Sep 22 2011, 4:27 PM
First of all, let's be clear: we're not saying 10yr yields are definitely going to 1.5%. But we've heard the news that some folks think it's possible...
Thu, Sep 22 2011, 4:20 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Thu, Sep 22 2011, 4:00 PM
Last week RadarLogic, a real estate data and analytics
company, submitted a proposal, which we covered here , to
the Federal Housing Finance Agency...
Wed, Sep 21 2011, 11:24 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Wed, Sep 21 2011, 11:06 AM
I handed
the teller at my bank a withdrawal slip for $400.00. I said "May I have
large bills, please." She looked at me and said, "I'm sorry sir, al...
Wed, Sep 21 2011, 9:53 AM
The
Mortgage Bankers Association (MBA) reported this morning that mortgage applications rose slightly during the week ended September 16. The chan...
Wed, Sep 21 2011, 8:20 AM
Market focus will be on the Federal Reserve today as traders wait to see whether the Fed will engage in further quantitative easing. The expectation...
Wed, Sep 21 2011, 5:16 PM
Yesterday we wrote: "Until we see proof that the Secondary Mortgage Market
can break higher than its recent highs, we're hesitant to outright PLAN on...
Wed, Sep 21 2011, 4:15 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Wed, Sep 21 2011, 3:03 PM
Here's the alert MBSonMND subscribers received shortly after the FOMC statement:
2:58 PM; Reprices for the Better Likely as FOMC Statement Ro...
Wed, Sep 21 2011, 2:22 PM
Despite what they referred to as " headwinds ,"
the National Association of Realtors (NAR)® reported on Wednesday that sales of
existing homes wer...
Tue, Sep 20 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Tue, Sep 20 2011, 10:54 AM
It used to
be that people who walked down the street arguing with nobody there were deemed
"crazy". When cellphones first got overly popular, my mo...
Tue, Sep 20 2011, 8:30 AM
Markets are a little more upbeat this morning as Treasuries reverse course from Monday and equity futures prepare for a rebound after shedding nearly ...
Tue, Sep 20 2011, 4:24 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Tue, Sep 20 2011, 2:46 PM
Some overnight news out of Europe did a small amount of damage to bond
markets earlier this morning and based on market levels, Mortgage
Rates wer...
Tue, Sep 20 2011, 2:13 PM
Ever since the abundance of data last Thursday morning, the general expectation has been for a decrease in volume and directionality heading into tomo...
Tue, Sep 20 2011, 2:13 PM
Building permits ( charts ) were issued in August
at a 3.2 percent higher rate than in July, but housing starts ( chart ) fell even further
than e...
Mon, Sep 19 2011, 12:50 PM
Home sales may be stagnant but,
according to data released on Monday by Buildfax, homeowners are increasingly
upgrading the homes they already ha...
Mon, Sep 19 2011, 12:39 PM
The Housing Market Index (HMI) release
today by the National Association of Home Builders (NAHB)/Wells Fargo remained
virtually unchanged for the ...
Mon, Sep 19 2011, 11:53 AM
At the same time the Acting Director of the FHFA is considering loosening guidelines or reducing fees in conjunction with an expanded HARP offering, h...
Mon, Sep 19 2011, 11:48 AM
Two Appellate Courts in California, citing two
separate rationales, have upheld the legal standing of MERS to foreclose .
In Calvo v. HSBC ...
Mon, Sep 19 2011, 11:46 AM
Welcome to
Talk Like a Pirate Day. Of course, 3.14159...% of sailors are Pi Rates.
Yesterday through next Sunday is "National Singles Week", sta...
Mon, Sep 19 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Mon, Sep 19 2011, 8:42 AM
Housing and monetary policy. Those are the themes dominating an otherwise light data docket this week. But investor focus could be more attuned to the...
Mon, Sep 19 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Mon, Sep 19 2011, 3:10 PM
Earlier this month, we asked what it might take to break the "concrete ceiling" in MBS. Then again we revisitied longer term MBS charts at the end ...
Mon, Sep 19 2011, 3:07 PM
Building on Friday's late day comeback, news out of Europe helped US Bond
Markets (Including the Secondary Mortgage Market) to walk in the door in
r...
Fri, Sep 16 2011, 12:59 PM
Representative Darrell Issa (R-CA), has requested information
from the Federal Housing Finance Agency on what he said might be a "back-door
bailout...
Fri, Sep 16 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Fri, Sep 16 2011, 11:11 AM
Volatile couple of days for MBS... After a moderate day of losses yesterday, MBS were down again this morning, and with limited impact expected from ...
Fri, Sep 16 2011, 10:40 AM
"I
went for my routine check-up today and everything seemed to be going fine
until he asked me to drop my shorts! Do you think I should change
den...
Fri, Sep 16 2011, 8:30 AM
Treasuries are a wee bit firmer and equity futures are lower as investors adopt a cautious stance after a four-day run.
The 10-year Treasury yield...
Fri, Sep 16 2011, 4:24 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Fri, Sep 16 2011, 2:51 PM
After a rough morning, the secondary mortgage market recovered enough to claw
back nearly to yesterday's levels. That
leaves borrowing costs requi...
Fri, Sep 16 2011, 2:03 PM
David
H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) told a
Senate hearing this week that MBA's
members are concerned ab...
Thu, Sep 15 2011, 11:23 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Thu, Sep 15 2011, 10:57 AM
Welcome to
National Hispanic Heritage Month, which started with a week-long tribute in
1968 under President Lyndon Johnson, but was expanded in 1988...
Thu, Sep 15 2011, 9:30 AM
Foreclosure filings spiked during August, driven by a large increase in early-stage filings according to the U.S. Foreclosure Market Report released b...
Thu, Sep 15 2011, 8:24 AM
European equity markets are up more than 2% and leading U.S futures higher as the market awaits five key data points this morning.
The 10-year Trea...
Thu, Sep 15 2011, 4:40 PM
The borrowing costs required for average Mortgage
Rates rose today, in some cases high enough to nudge the actual interest
rate an eighth of a poi...
Thu, Sep 15 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Thu, Sep 15 2011, 3:56 PM
Fannie Mae has released the results of
its new Servicer Total Achievement and Rewards (STAR) program for the first
half of 2011. STAR, which was...
Thu, Sep 15 2011, 1:36 PM
To provide some background for the charts we're about to see, here's what we wrote this morning: "The 9am spike we can obviously attribute to the Euro...
Wed, Sep 14 2011, 11:18 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Wed, Sep 14 2011, 10:57 AM
"A
clever person solves a problem. A wise person avoids it." But at this
point, most believe that it is too late to avoid the problems in the mortga...
Wed, Sep 14 2011, 10:17 AM
Mortgage applications jumped 6.3 percent on a
seasonally adjusted basis during the holiday-shortened week ended September 9
according to data relea...
Wed, Sep 14 2011, 8:35 AM
Treasury yields are backing up and equity futures are looking to open higher despite two downgrades on French banks from Moody's and warnings from Chi...
Wed, Sep 14 2011, 4:52 PM
We talk about MBS having a tendency to lose ground at a gentler pace than Treasuries when bond markets in general are weakening. This "spread tighten...
