Fri, Oct 29 2010, 2:56 PM
The recent news coverage has returned many mortgage and MBS-related issues, both real and illusory, to prominence. The initial headlines that stemmed...
Thu, Oct 28 2010, 10:04 AM
We sniffed out the pain trade the day after $13 billion long bonds were met with poor demand. The pain trade is just about played out and benchmark in...
Thu, Oct 28 2010, 9:48 AM
Spike in FHA to FHA Refinances; Deutsche Bank on Home Prices; Compensation Conference Call; Wells Finds Flaws in Foreclosures
Thu, Oct 28 2010, 8:28 AM
The long end of the yield curve continued to weaken early in the overnight session but have since corrected back to yesterday's yield lows/price highs...
Thu, Oct 28 2010, 6:08 PM
The first step in revisiting record low mortgage rates was taken today. Selling in the long end of the curve stopped out, shorts were covered, prices ...
Thu, Oct 28 2010, 1:30 PM
lain and Simple: Overall, this 7-yr auction was very well received, and has pushed benchmark yields lower. It is definitely the best auction of the w...
Wed, Oct 27 2010, 12:32 PM
There is a great deal of nervousness regarding the outlook for interest rates as it relates to QEII. I expected this to happen.The bond market got ahe...
Wed, Oct 27 2010, 11:30 AM
"Economic growth in 2010 has been subdued and this trend will likely continue for most of 2011. Households remain cautious given the weak job market. ...
Wed, Oct 27 2010, 11:07 AM
Ginnie Mae Net Worth & Liquidity Standards; QEII Chatter; FHA Condo Recertifications; Home Owner Loan Corp.
Wed, Oct 27 2010, 8:29 AM
Ahead of a $35 billion 5-year Treasury note auction, the 5-year note is -9/32 at 99-23 yielding 1.306% (+5.3%) and the 10-year Treasury note is -17/32...
Wed, Oct 27 2010, 4:15 PM
Plain and Simple: The bond market got way head of itself about QEII. The sugar high has worn off. However because it is a "trader's market" and a trad...
Wed, Oct 27 2010, 3:35 PM
The U.S. Census Bureau and the Department of Housing and Urban Development have jointly released NEW RESIDENTIAL SALES for September 2010.
Wed, Oct 27 2010, 2:46 PM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 22, 2010.
Wed, Oct 27 2010, 2:42 PM
One would not go on a long road trip without a map. Without a road map, one could get lost, waste time or maybe never find the place they set out to ...
Wed, Oct 27 2010, 1:08 PM
10s are off their yield highs and "rate sheet influential" MBS coupons are off their intraday price lows....but both are generally bouncing around nea...
Tue, Oct 26 2010, 10:55 AM
Negativity and uncertainty are abundant and guess whose fault it is? OURS! At least that's the perspective of the outside world. It doesn't matter wha...
Tue, Oct 26 2010, 10:43 AM
FDIC Chairperson Sheila Bair pointed to the robo-signing controversy as just another indication of the need to improve institutional practices all alo...
Tue, Oct 26 2010, 10:22 AM
What is Quantitative Easing? Investor Raises FHA Minimum FICO to 640; New Mortgagee Letter
Tue, Oct 26 2010, 9:06 AM
"A disappointing report. Home prices broadly declined in August. Seventeen of the 20 cities and both composites saw a weakening in year-over-year figu...
Tue, Oct 26 2010, 8:20 AM
Benchmark interest rates backed up yesterday in a low volume trading environment. The move was short term in nature but clearly illustrates the idea ...
Tue, Oct 26 2010, 3:53 PM
Yuck. Mortgage rates are not heading in the right direction. In the past two days consumer borrowing costs on mortgage rate quotes at or below 4.25% h...
Tue, Oct 26 2010, 3:32 PM
The administration's October Housing Scorecard released this morning shows that recovery in the housing market remains fragile, with continued foreclo...
Tue, Oct 26 2010, 2:31 PM
This post is more of an FYI as opposed to an alert. If you're floating I would not recommend locking at this point in the retracement process. The lon...
Tue, Oct 26 2010, 1:05 PM
The bid to cover ratio, a measure of auction demand, was above average, the high yield was lower than the 1pm "When Issued Yield", direct and indirect...
Mon, Oct 25 2010, 12:45 PM
U.S. mortgage finance giants Fannie Mae and Freddie Mac are looking to more aggressively move loan workout duties to specialist firms as their frustra...
Mon, Oct 25 2010, 11:27 AM
The bond market reacted counterintuitively to better than expected Existing Home Sales data this morning. Price are rising, trading volumes are low an...
Mon, Oct 25 2010, 10:03 AM
RTRS-US SEPT EXISTING HOME SALES 4.53 MLN UNIT ANNUAL RATE (CONS 4.30 MLN) VS AUG 4.12 MLN (PRV 4.13 MLN). SEPT EXISTING HOME SALES +10.0 PCT (CONS +...
Mon, Oct 25 2010, 10:00 AM
Bank of America Finds Mistakes in Foreclosure Files; MBS Issuance 95% Agency Paper; What is an Allonge?; Document Curing Timeline
Mon, Oct 25 2010, 8:40 AM
New & Existing Home Sales, S&P/Case-Shiller HPI, Treasury Auctions, Q3 GDP, Consumer Confidence,Durable Goods Orders, the MBA Convention, Fed/FDIC M...
Mon, Oct 25 2010, 5:32 PM
Loan pricing was initially improved over the rate/point quotes lenders were offering on Friday, however about halfway through the day the bond market ...
Mon, Oct 25 2010, 4:26 PM
Lawrence Yun, NAR chief economist, said the housing market is in the early stages of recovery. “A housing recovery is taking place but will be choppy ...
Mon, Oct 25 2010, 4:19 PM
Federal Reserve Chairman Ben Bernanke departed from the focus of a conference on foreclosures and mortgage financing today to report that the Fed is l...
Mon, Oct 25 2010, 1:50 PM
Rate sheet influential MBS prices have fallen over 10 ticks in the last five minutes. REPRICES FOR THE WORSE ARE HIGHLY LIKELY
Fri, Oct 22 2010, 11:46 AM
The yield curve is bear steepening and "rate sheet influential" MBS coupons are in the red but well off the lows and outperforming benchmark guidance ...
Fri, Oct 22 2010, 10:57 AM
A long, hard look at the continuing stability of the VA Loan Guaranty program should be requisite for those helping to reshape and redefine sustainabl...
Fri, Oct 22 2010, 10:28 AM
What do Bank of America and Chase know that the rest of the industry doesn’t? Why have they decided to ditch wholesale and focus on the retail and co...
Fri, Oct 22 2010, 9:50 AM
These include a new product option for FHA’s Home Equity Conversion Mortgage (HECM), changes to our Mortgage Insurance Premiums (MIPs), and new credit...
Fri, Oct 22 2010, 9:41 AM
Uh, how much did you say Fannie & Freddie need? Wells adjusts gov't loan comp; LEI examined; comments from the trenches
Fri, Oct 22 2010, 8:38 AM
After a quiet overnight trading session, interest rates in the long end of the yield curve are moving higher and equity futures are heading sideways.
Fri, Oct 22 2010, 3:51 PM
The bond market continues to demonstrate a clear unwillingness to push interest rates any lower without hearing new guidance from the Federal Reserve ...
Fri, Oct 22 2010, 3:43 PM
Using three different scenarios, the FHFA released projections for the additional amounts of taxpayer money that may be required to keep Freddie Mac a...
Thu, Oct 21 2010, 12:08 PM
Rate sheet influential MBS have recently benefited from a supportive supply/demand environment in the TBA marketplace. Those favorable conditions drie...
Thu, Oct 21 2010, 11:25 AM
After failing to breach 2.46% resistance yesterday, the 10 year TSY note is experiencing profit taking following a stale overnight session and better...
Thu, Oct 21 2010, 11:12 AM
Two cabinet level departments have announced recipients of $68 million dollars in planning grants for local projects that integrate housing, employmen...
Thu, Oct 21 2010, 11:03 AM
10 days until Halloween - the entire mortgage industry is feeling tricked. But there is some good company-level news
Thu, Oct 21 2010, 9:05 AM
In my experience, in most instances, buyback requests aren't ending favorably for the complaining party unless there was blatant fraud in the loan fil...
Thu, Oct 21 2010, 8:20 AM
Mortgages continued to trade well in a favorable technical environment yesterday. Read "favorable technical environment" as investor demand outpaces l...
Thu, Oct 21 2010, 3:42 PM
If you're getting closer to your closing date and need to lock in the terms of your loan before the November 3rd FOMC meeting, you have likely seen ra...
Wed, Oct 20 2010, 12:42 PM
"This is your central bank. This is your Federal Open Market Committee. This is your country. May we all hope that a kind providence will give us the ...
Wed, Oct 20 2010, 11:22 AM
Rate sheet influential MBS coupons continue to benefit from favorable supply and demand technicals and an on-going chase for yield. As a result, produ...
