Mon, Apr 30 2012, 10:43 AM
Friday was
not a good day for five very weak banks as, through various methods, the FDIC
closed them. (Twenty two have closed in 2012.) In all but o...
Mon, Apr 30 2012, 7:45 AM
Bond markets traded in jaw-droppingly narrow ranges last week given the presence of the FOMC events (announcement, forecasts, press conference) and Q1...
Mon, Apr 30 2012, 6:15 PM
Respondents to the April Federal Reserve Senior Lending Officers Survey were asked a series of special questions about residential mortgage lending...
Mon, Apr 30 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
MBS and Treasuries looked like they might have been drifting into slightly better territory in the first ...
Mon, Apr 30 2012, 3:54 PM
Mortgages Rates are moderately improved to begin the week, taking them slightly lower than than April's best two days (4/10 and 4/23) and as close ...
Mon, Apr 30 2012, 1:28 PM
Vacancy rates for both owner-occupied and rental properties dropped to new recent lows in the first quarter of 2012 according to data released by the...
Fri, Apr 27 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
"You shall not pass!" Resistance levels in bond markets joined the ranks of Gandalf and The Black Knight i...
Fri, Apr 27 2012, 9:43 AM
A
Washington hot dog vendor is selling a two foot wiener that tastes bitter, is
hard to swallow, and is very expensive. It is named "The Dodd Frank....
Fri, Apr 27 2012, 7:20 AM
Thursday turned out to be ridiculously narrow given that it followed FOMC Day. Then again, if you tend to agree with the assessment that Bernanke and...
Fri, Apr 27 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
This is the third Friday in a row where we've looked back on what we would have thought would be a...
Fri, Apr 27 2012, 1:47 PM
Mortgages Rates are unchanged from yesterday, capping an extremely flat and historically low week. The FOMC events on Wednesday gave lenders some ...
Thu, Apr 26 2012, 11:14 AM
MBS Live : MBS Morning Market Summary
Little has changed for MBS and Treasuries following this morning's Jobless Claims numbers. The slightly we...
Thu, Apr 26 2012, 10:52 AM
The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) decreased one point in the first quarter of 2012 to 48 from an upwar...
Thu, Apr 26 2012, 10:15 AM
Pending home sales rose in March to 101.4 on the National Association of Realtors® (NAR) Pending Home Sales Index released this morning. This is a 4...
Thu, Apr 26 2012, 9:54 AM
I received
this note from a mortgage bank owner in Louisiana: "Hey Rob, get a load of
this! We had an investor come back to us, asking that we prov...
Thu, Apr 26 2012, 8:11 AM
The frequent reports on foreclosure activity issued by RealtyTrac usually focus on national and state level statistics but a report issued this mornin...
Thu, Apr 26 2012, 7:40 AM
Although it's a net positive to see MBS and Treasuries hold their ground at recent levels following yesterday's FOMC events, it does complicate things...
Thu, Apr 26 2012, 6:22 PM
Mortgages Rates are back down to Tuesday's levels, near the lowest in several months. Yesterday's FOMC-related events caused lenders to price rate s...
Thu, Apr 26 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
By the time all is said and done today, both MBS and Treasuries are heading toward 5pm roughly in l...
Thu, Apr 26 2012, 2:57 PM
While servicing valuations and the various adjusters are the most obvious factors impacting loan execution and pricing, the price spread between diffe...
Wed, Apr 25 2012, 12:41 PM
subtractions in red and struck-through, additions in green and underlined...
Information received since the Federal Open Market Committee met in ...
Wed, Apr 25 2012, 11:38 AM
Real
estate and mortgage lending personnel encompass lots of races, creeds, colors,
ages, and sexes (jokes like, "Osama Bin Laden was living with 3 ...
Wed, Apr 25 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
Bond markets, including MBS, opened in weaker territory this morning and continued losing ground in spite o...
Wed, Apr 25 2012, 10:34 AM
According to Freddie Mac's Monthly Volume Summary for March, the corporations' total mortgage portfolio decreased at an annualized rate of 2.9 per...
Wed, Apr 25 2012, 9:06 AM
Lender Processing Services (LPS) has released an advanced look at data from its March Mortgage Monitor Report due out on May 1. The report provide...
Wed, Apr 25 2012, 9:03 AM
Mortgage interest rates declined to the lowest levels in the history of the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Surve...
Wed, Apr 25 2012, 8:24 AM
At last, FOMC Day arrives. .. We've been waiting for this one--and less than patiently... Two and a half weeks ago, we went into the NFP weekend wit...
Wed, Apr 25 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
Clearly, the whipsaw movements in MBS and Treasuries are readily apparent in the 2 day minute-to-mi...
Wed, Apr 25 2012, 3:48 PM
Fannie Mae issued guidelines to its servicers today improve the timing and methods of handling pre-foreclosure sales, more commonly known as short ...
Wed, Apr 25 2012, 3:35 PM
Mortgages Rates are higher today, following the FOMC Announcement , Member Forecasts and Press Conference. The actual text of the Fed's announcemen...
Tue, Apr 24 2012, 12:48 PM
New home sales fell sharply in March, dropping to a seasonally adjusted annual rate of 328,000, down 7.1 percent from the February's numbers. Howe...
Tue, Apr 24 2012, 12:16 PM
Two major home price indices released this morning indicate that, while home prices are improving the changes are slow and relative . The Federal Ho...
Tue, Apr 24 2012, 11:19 AM
MBS Live : MBS Morning Market Summary
After yesterday proved to be mostly dead, both in terms of volume and volatility, today brings slight...
Tue, Apr 24 2012, 10:40 AM
From the
New York Times Science sections comes, "While baboons can't read, they can
tell the difference between real English words and nonsensical o...
Tue, Apr 24 2012, 7:47 AM
After yesterday's quiet session, bond markets strengthened during Asian trading hours only to move weaker when Europe got involved. Neither of the mo...
Tue, Apr 24 2012, 4:27 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Tue, Apr 24 2012, 3:20 PM
Mortgages Rates are unchanged in some cases and slightly higher in others. Overall, the difference between today's offerings and yesterday's is fa...
Mon, Apr 23 2012, 11:33 AM
MBS Live : MBS Morning Market Summary
So far, the morning has been as uneventful as expected with no scheduled data or events on the domest...
Mon, Apr 23 2012, 10:18 AM
A Virginia real estate developer has pled guilty to conspiracy to commit wire fraud, making false statements, and conspiracy to commit bank fraud in...
Mon, Apr 23 2012, 10:15 AM
In this business,
you can never have too much Dodd Frank, can you? The House Financial Services
Committee has unveiled the Dodd-Frank
Burden Trac...
Mon, Apr 23 2012, 9:50 AM
Sometimes
the investor news piles up, and there is so much going on in the mortgage and
real estate biz that a separate commentary is warranted. As ...
Mon, Apr 23 2012, 5:31 PM
MGIC Investment Corporation reported its First Quarter 2012 financial results this morning in which it said its net losses for the quarter totaled $1...
Mon, Apr 23 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
Today was really more of an extension of the previous week than the beginning of a new one. Schedu...
Mon, Apr 23 2012, 2:49 PM
Mortgages Rates are back to their lowest levels since February. For an increasing number of lenders, current rates begin to shift the balance towa...
Mon, Apr 23 2012, 1:09 AM
After two excruciatingly slow, sideways weeks, markets will finally get what they've ostensibly been waiting for: Wednesday's FOMC Announcement. This...
Fri, Apr 20 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
Although we threw a Hail Mary pass in the hopes of getting saved by Murphy's Law, bond markets have ...
Fri, Apr 20 2012, 10:32 AM
Do you
live in a small town? Many in the real estate and mortgage business do live in
rural communities (FNC, for example, with the slogan "Know You...
Fri, Apr 20 2012, 7:32 AM
Here we are at the end of a week that might as well have not begun. At least in terms of offering any meaningful reasons for tuning in to bond market...
Fri, Apr 20 2012, 4:10 PM
MBS Live: MBS Afternoon Market Summary Wow... This is now officially a record breaking week. We'll need to do some more digging in order to determi...
Fri, Apr 20 2012, 1:17 PM
Mortgages Rates are microscopically higher today, but there is little effect on Best-Execution rates and only minor affects on the closing costs asso...
