Fri, Feb 24 2012, 11:17 AM
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Fri, Feb 24 2012, 9:58 AM
"First
wash all the cars, then wax."
"Why do I have to..."
"Remember deal. No questions."
"Yeah, but..."
"Wax on right hand. Wax off left han...
Fri, Feb 24 2012, 9:08 AM
Bank of America, Corp will stop selling new mortgages to Fannie
Mae as the result of a dispute over the way Fannie Mae is handling repurchases.
I...
Fri, Feb 24 2012, 4:17 PM
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Fri, Feb 24 2012, 3:44 PM
After beginning the week in significantly worse shape, Mortgages Rates finish the week having fought back in small increments against that weakness ...
Fri, Feb 24 2012, 1:16 PM
So far, today has been a serious snoozer for bond markets. Volume is low and volatility is all but absent as 10yr notes and production MBS continue...
Thu, Feb 23 2012, 12:00 AM
Wednesday ended on a positive note for Mortgage-Backed Securities and Treasuries after uneventful economic data in the morning, a reasonable 5yr Note ...
Thu, Feb 23 2012, 11:59 AM
Money is
money, right? If Congress can place a " mortgage tax " in the form of higher
g-fees, and use the money to help cover a payroll tax waiver e...
Thu, Feb 23 2012, 11:17 AM
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Thu, Feb 23 2012, 10:33 AM
This morning's release of weekly Jobless Claims data turned out to be a relative non-event as the 351k claims perfectly matched last week's numbers (r...
Thu, Feb 23 2012, 10:17 AM
Another next major marker in the
convoluted foreclosure landscape will probably come in the next few weeks when the
Massachusetts Supreme Judicial...
Thu, Feb 23 2012, 7:27 PM
Previously we discussed the technical factor convexity .
Another set of technical factors that impact secondary managers are in
the dollar roll ...
Thu, Feb 23 2012, 7:23 PM
In a few recent columns, we’ve talked about duration and convexity in the context of changing market prices. They are some of the most misunderst...
Thu, Feb 23 2012, 4:17 PM
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Thu, Feb 23 2012, 4:01 PM
Radar Logic's RPX Composite price for 2011 reached its
lowest point in December since the housing crisis began. The Composite, which tracks housing ...
Thu, Feb 23 2012, 3:46 PM
Mortgages Rates
continued to improve at a slow and steady pace. After rising somewhat abruptly into the end of last week and beginning of the curr...
Thu, Feb 23 2012, 2:00 PM
While the Federal Housing Finance Agency's
( FHFA ) purchase only House Price Index (HPI) was down slightly in the fourth
quarter, data for Decemb...
Wed, Feb 22 2012, 12:26 PM
There was more good news from the
National Association of Realtors® (NAR) on Wednesday as they reported that the
sales of existing homes rose in Jan...
Wed, Feb 22 2012, 11:39 AM
For the second time in just under a
month the Mortgage Electronic Registration System ( MERS ) has won a significant
court victory. The company whi...
Wed, Feb 22 2012, 11:36 AM
Both before and after they were placed into conservatorship
the two government sponsored enterprises Fannie Mae and Freddie Mac (the
Enterprises) s...
Wed, Feb 22 2012, 11:20 AM
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Wed, Feb 22 2012, 10:20 AM
Under the
title, "Too much time on one's hands", anyone involved in the
residential construction/remodeling business might find this, uh, interesti...
Wed, Feb 22 2012, 8:52 AM
Mortgage
applications decreased during the week ended February 17 according to the
Weekly Mortgage Applications Survey released this morning by the...
Wed, Feb 22 2012, 4:16 PM
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Wed, Feb 22 2012, 4:07 PM
Yesterday marked the first time since late January that Best-Execution Mortgages Rates
stood at 4.0% on average, as opposed to what had been the p...
Wed, Feb 22 2012, 3:40 PM
In the February Economic Outlook from
Freddie Mac's Office of the Chief Economist is projecting a slow, steady path
to recovery as the economy, it...
Wed, Feb 22 2012, 1:56 PM
From a technical standpoint, the past few sessions have been a fairly gloomy scene for MBS and Treasuries--our two representatives from those camps be...
Wed, Feb 22 2012, 1:46 AM
As readers may be aware, we're rather fond of being close to utterly
dismissive of 2yr Treasury Note Auctions as significant market moving
events ...
Tue, Feb 21 2012, 11:20 AM
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Tue, Feb 21 2012, 11:12 AM
In its Monthly Mortgage Monitor Report Lender
Processing Services (LPS) will report that the national delinquency rate , loans
that are 30 days or ...
Tue, Feb 21 2012, 10:42 AM
After four straight months of increases The S&P/Experian
Consumer Credit Default Indices fell in January as did the four loans types
that make up ...
Tue, Feb 21 2012, 10:38 AM
Welcome to
Fat Tuesday, or Mardi Gras, a rowdy day of hedonism where shipping departments
across the nation have great parties and throw bead neckla...
Tue, Feb 21 2012, 8:21 AM
Bond markets are slightly weaker from Friday's latest levels as the Greek bailout that has been the markets focal point for several weeks, was technic...
Tue, Feb 21 2012, 4:20 PM
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Tue, Feb 21 2012, 3:31 PM
For the first time since late January, Best-Execution Mortgages Rates moved back to 4.0%. Over the past month, the rate averaged 3.875% despite ple...
Tue, Feb 21 2012, 2:07 PM
The Federal Housing Finance Agency
(FHFA) said Tuesday that, with its conservatorship of Fannie Mae and Freddie
Mac (the Enterprises) now in operati...
Tue, Feb 21 2012, 1:47 PM
It's getting to be fairly popular to dismiss the ongoing efforts to stave off a default in Greece as "can-kicking," etc. We're guilty of this, but re...
Mon, Feb 20 2012, 7:35 PM
Out in
Northern California the weather is generally good, and Triserv Appraisal Management Solutions is searching for a Regional
Sales Executive f...
Fri, Feb 17 2012, 12:47 AM
Stronger than expected employment data, via weekly Jobless Claims
printing 348k versus a 365k consensus, combined with a poorly received
30yr TIPS...
Fri, Feb 17 2012, 11:20 AM
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Fri, Feb 17 2012, 10:57 AM
Yes, Wells
Fargo's CEO's was on CNBC this morning talking about the mortgage markets. Investor
news is rarely "headline grabbing," but also this mor...
Fri, Feb 17 2012, 9:46 AM
While housing is more affordable than ever for most
U.S. families, the lack of financing available to them continues to constrain
prospective homeb...
Fri, Feb 17 2012, 9:21 AM
Bond markets are trying to find their footing this morning after yesterday's weakness extended through the overnight session. News that the ECB may g...
Fri, Feb 17 2012, 4:20 PM
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Fri, Feb 17 2012, 2:25 PM
Mortgages Rates are higher for the 2nd day in a row. Unlike the movement we normally see, which limits itself to affecting closing costs as opposed ...
Thu, Feb 16 2012, 12:54 PM
RealtyTrac reported this morning that
foreclosure activity rose 3 percent in January as several states posted spikes
in one or more steps in the pr...
Thu, Feb 16 2012, 11:24 AM
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Thu, Feb 16 2012, 10:03 AM
Citizens
of the U.S. have well-documented accents, but do you ever wonder what
linguistics majors do when they graduate?
At certain
phases ...
Thu, Feb 16 2012, 7:37 AM
Relatively late in the domestic session yesterday, a few details finally
emerged from the conference call between Greece and the Eurogroup. They
...
Thu, Feb 16 2012, 4:15 PM
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