Thu, Apr 21 2011, 11:28 AM
The economy
has hit an "air pocket" according to Fannie
Mae's latest economic projections . If your plane has
ever hit one you're familiar with...
Thu, Apr 21 2011, 11:23 AM
MBSonMND : MBS MID-DAY
Morning Market Updates
A recap of MBS Market Updates provided by MND Analysts and streamed live to the...
Thu, Apr 21 2011, 10:41 AM
The
percentage of jumbo business that any originator does is, of course,
very dependent on location. But what are borrowers thinking when it comes...
Thu, Apr 21 2011, 8:33 AM
The risk trade continued unabated overnight after equities jumped to their highest levels in nearly three years on Wednesday. The tech sector added fu...
Thu, Apr 21 2011, 3:19 PM
Home loan borrowing costs rose almost imperceptibly today, not nearly enough
to affect the Best-Execution mortgage rate.
Loan pricing still seems...
Thu, Apr 21 2011, 1:03 PM
Federal
Reserve Chairman Ben Bernanke told the Senate Subcommittee on
Oversight of Government Management, the Federal Workforce, and the District of...
Wed, Apr 20 2011, 11:33 AM
Lee Farkas, the former chairman
of Taylor, Bean and Whitaker Mortgage Corp., was found guilty on all 14 charges
stemming from a seven-year, multibil...
Wed, Apr 20 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-12 : -0-03
...
Wed, Apr 20 2011, 10:57 AM
The Mortgage Bankers Association (MBA) today
released its Weekly Mortgage Applications Survey for the week
ending April 15, 2011.
The MBA's l...
Wed, Apr 20 2011, 10:28 AM
Existing Home Sales data just printed. Here is the Reuters Alert...
RTRS 10:00 - US MARCH EXISTING HOME SALES 5.10 MLN UNIT ANNUAL RATE (CONS 5.00 ...
Wed, Apr 20 2011, 9:14 AM
Equities are globally green and benchmark yields are bouncing back this morning after failing to breach a key resistance level yesterday.
S&P futur...
Wed, Apr 20 2011, 4:24 PM
Home loan borrowing costs rose slightly today, Best-Execution
mortgage rates were unchanged. It seems like loan pricing may be in a holding pattern ...
Wed, Apr 20 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-07 : -0-08
...
Wed, Apr 20 2011, 3:27 PM
The National Association of Realtors today released Existing Home Sales data for March 2011
Existing Home Sales report on the number of comple...
Tue, Apr 19 2011, 12:53 PM
The U.S. Census Bureau and the Department of Housing and Urban Development
have released New Residential Construction statistics for March 2011. ...
Tue, Apr 19 2011, 11:53 AM
We now live in a world with higher annual FHA premiums. Private MI companies, of course,
are understandably quick to point out the price difference w...
Tue, Apr 19 2011, 11:22 AM
The
Federal Reserve is inviting public comment on a rule that would provide
four
options for complying with new amendments to the Truth in Lending...
Tue, Apr 19 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-16 : +0-02
...
Tue, Apr 19 2011, 10:49 AM
Does anyone really believe Donald Trump is planning to announce his candidacy for U.S. President?
Most folks including me see it as a ploy aimed...
Tue, Apr 19 2011, 8:29 AM
While cash fled equities in the wake of Standard & Poor’s revising its outlook on U.S. debt to negative from stable yesterday, the Treasury market ral...
Tue, Apr 19 2011, 6:17 PM
Home loan borrowing costs improved slightly today, though Best-Execution mortgage
rates were unchanged. This extends a rate-watcher friendly trend ...
Tue, Apr 19 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-17 : +0-03
...
Mon, Apr 18 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-08 : +0-01
...
Mon, Apr 18 2011, 11:11 AM
This Friday is Good Friday. But today is not so "good" for our government,
as S&P cut its US debt rating outlook to a "negative"
given the debt & ...
Mon, Apr 18 2011, 8:48 AM
The coming days offer little in the way of macroeconomic data, but the sparsely populated calendar does hold new stats on the housing markets.
"Ho...
Mon, Apr 18 2011, 4:55 PM
Home loan borrowing costs went on a winning streak last week, helping the Best Execution conventional 30-year fixed mortgage rate dip back down to 4.8...
Mon, Apr 18 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-14 : +0-06
...
Mon, Apr 18 2011, 1:24 PM
There
are a lot of reasons why the nation's homebuilders continue to feel skittish about
the housing market according to both the Chairman and Chief...
Fri, Apr 15 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-04 : +0-20
...
Fri, Apr 15 2011, 11:03 AM
10yr notes have sent a clear message this week that they'd prefer to stay above 3.42%.
3.42 is a significant level from a technical perspective. I...
Fri, Apr 15 2011, 10:51 AM
The proposed regulations governing the Qualified Residential
Mortgage (QRM) exemption from risk retention rules constitute a "devastating, unnec...
Fri, Apr 15 2011, 9:35 AM
Two soap operas created more than
40 years ago, who taught us not to bother getting married since it's only going
to last until next season anyway, ...
Fri, Apr 15 2011, 8:29 AM
It's all about inflation today....
Benchmark Treasuries are off yesterday's yield highs as stocks leak lower this morning after data released in ...
Fri, Apr 15 2011, 4:32 PM
Home loan borrowing costs moved lower today, bringing the
Best-Execution conventional 30 year fixed mortgage rate back down to 4.875%.
Take a lo...
Fri, Apr 15 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-08 : +0-24
...
Thu, Apr 14 2011, 11:45 AM
Foreclosure
activity overall was down in the first quarter of 2011 when compared to
the previous quarter and activity from one year earlier, but Mar...
Thu, Apr 14 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
93-25 : +0-01
...
Thu, Apr 14 2011, 10:58 AM
Yesterday
Reuters ran a story saying, "A proposed rule requiring a minimum 20% down
payment on mortgages that lenders could then sell to investors w...
Thu, Apr 14 2011, 8:29 AM
Stock futures are lower and the Treasury market continues to firm following a volatile session
yesterday.
The ten-year Treasury rallied three ba...
Thu, Apr 14 2011, 5:34 PM
Home loan borrowing costs were roughly unchanged today. This is surprising because loan pricing should have worsened given the behavior of the second...
Thu, Apr 14 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
93-18 : -0-06
...
Wed, Apr 13 2011, 12:09 PM
Freddie Mac has released its April 2011 Economic Outlook .
Below is a copy of the text. We have taken the liberty of calling attention to a few...
Wed, Apr 13 2011, 11:17 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5 93-14 : -0-06
FNMA 4.0 97-24 : -0-04
...
Wed, Apr 13 2011, 11:04 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week
ending April 8, 2011.
The MBA's loa...
Wed, Apr 13 2011, 10:33 AM
Let me add a clarification to
the Ops Manager job listing from yesterday . The company is merely shifting
responsibilities as they grow, and the ...
Wed, Apr 13 2011, 8:29 AM
The risk trade is back on today and rates are creeping higher ahead of March Retail Sales data, a $21 billion 10-year Treasury note auction, and the ...
Wed, Apr 13 2011, 4:57 PM
The Federal Reserve has released the Beige Book
The Beige Book is a compilation of anecdotal information and data on current economic conditio...
Wed, Apr 13 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
93-23 : +0-03
...
Wed, Apr 13 2011, 3:41 PM
Home loan borrowing costs were
roughly unchanged today after reprices for the better erased morning loan pricing weakness.
Whereas yesterday's im...
Wed, Apr 13 2011, 3:12 PM
The Federal Reserve, Office of Comptroller of the Currency (OCC), FDIC,
and Office of Thrift Supervision (OTC) have issued formal enforcement actio...
