Mon, Sep 13 2010, 4:59 PM
Considering how well our technical support levels have held up, I am not ready to sound the ALARM BELLS yet, but we remain in a state of HIGH ALERT. R...
Mon, Sep 13 2010, 2:39 PM
While the HECM reverse mortgage industry is banking on the HECM saver, a reverse mortgage program with lower costs and less benefits, some wonder whet...
Fri, Sep 10 2010, 12:37 PM
The Treasury Inspector General for Tax Administration (TIGTA) has completed a study of IRS management of the evolving series of tax credits that were...
Fri, Sep 10 2010, 11:00 AM
Feedback on Extending Credit to Self-Employed Borrowers; FDIC Sells Delinquent Loans; Brokers Ordering FHA Case Numbers; 2nd Credit Pulls
Fri, Sep 10 2010, 8:53 AM
One hour before the opening bell, S&P 500 futures are up 3.00 points to 1,105.50 and the 10 year Treasury note is -0-10 at 98-18 yielding 2.792% (+3.3...
Fri, Sep 10 2010, 4:13 PM
AHHHHHHH ALERT ALERT!!! MBS PRICES ARE TANKING!!! ALERT!!!
Fri, Sep 10 2010, 3:58 PM
We had no relevant data on the calendar today and the marketplace was generally quiet as many investors and decision makers took time off for religiou...
Fri, Sep 10 2010, 2:58 PM
The large bank owned aggregators have “well oiled” processes that put much of the responsibility on mortgage bankers for any loan level issues that m...
Fri, Sep 10 2010, 1:12 PM
Even for a Friday, pricing got whacked today! Rebate is 41.6bps worse in the last 48 hours. Week over week isn't any better. Reductions are robust acr...
Thu, Sep 9 2010, 12:38 PM
We'll get the results of the $13 billion long bond auction in about 20 minutes. Ahead of issuance, rate sheet influential MBS coupons are just off the...
Thu, Sep 9 2010, 12:18 PM
Flagstar Cutting Warehouse Lines; Section 502 Loans Move Ahead; Increase in Corporate Debt Issuance; Prepayment Speeds Faster
Thu, Sep 9 2010, 8:36 AM
Initial Jobless Claims and International Trade data has been released, the results were not bond market friendly.
Thu, Sep 9 2010, 8:25 AM
Ninety minutes before the opening bell, S&P 500 futures are +3.50 points to 1,102.75 while Dow futures are 26 points higher at 10,418. So far in Septe...
Thu, Sep 9 2010, 3:52 PM
We might have seen the lowest rates we're ever gonna see, if that is the case, then those rates are already behind us so it doesn't matter. I think ra...
Thu, Sep 9 2010, 3:24 PM
MBS prices are officially 8 ticks below lender loan pricing marks.
REPRICES FOR THE WORSE REPORTED
Thu, Sep 9 2010, 2:40 PM
The Mortgage Bankers Association has sent a letter to the Federal Home Finance Agency expressing several concerns about the framework the agency has p...
Thu, Sep 9 2010, 1:07 PM
While traders tried their hardest to cheapen up this issue over the past two days, this was still the third lowest "high-yield" on record for a long b...
Wed, Sep 8 2010, 11:14 AM
Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen...
Wed, Sep 8 2010, 10:27 AM
Potential Spot to Shelf Jumbo Loan Paper; FHA Q&A on Condo Recerts; Buyback Breakdown; Lots of Lender Updates
Wed, Sep 8 2010, 8:13 AM
Benchmark Treasury and rate sheet influential MBS prices are moving lower ahead of a busy events calendar today. On the schedule: the Beige Book, 10-...
Wed, Sep 8 2010, 6:21 PM
Because stocks were already in rally mode when the day began, and because stocks stayed in rally mode for most of the day, the small recovery rally se...
Wed, Sep 8 2010, 4:23 PM
Rural Development's interim systems enhancements will complete on September 8, 2010, at which time the Agency will begin obligating Section 502 Single...
Wed, Sep 8 2010, 3:24 PM
Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July thr...
Wed, Sep 8 2010, 1:02 PM
Treasury just auctioned $21 billion 10 year notes. Auction demand was healthy, thanks to one group of bidders specifically, and the market has respon...
Tue, Sep 7 2010, 11:45 AM
You've earned back much of what you lost on Friday, but I would remain defensive of rebate improvements until 10s break 2.645% resistance and stocks c...
Tue, Sep 7 2010, 11:19 AM
Zero-down programs - why not?! Jumbo market stirrings; HUD & agency updates; does the value of servicing warrant retaining it?
Tue, Sep 7 2010, 8:41 AM
September began on a strong note last week as the Dow jumped almost 3%, or 297 points. Whether the strength continues this week could depend on the Fe...
Tue, Sep 7 2010, 4:11 PM
Besides the ups and downs in stock market, mortgage rates will also be motivated by Treasury auctions in the week ahead. Tomorrow the Treasury will au...
Tue, Sep 7 2010, 2:58 PM
Eric Rosengren, president of the Federal Reserve Bank of Boston, told attendees at a Federal Reserve sponsored conference on REO and Vacant Property S...
Fri, Sep 3 2010, 12:48 PM
A slow econ calendar and pending Treasury issuance combined with a short term bias to chase returns in the equity market imply interest rates will ris...
Fri, Sep 3 2010, 10:44 AM
FHFA has released final housing goals for Freddie Mac and Fannie Mae for 2010-2011. The goals establish benchmarks for the Enterprise to purchase mor...
Fri, Sep 3 2010, 10:26 AM
Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping
Fri, Sep 3 2010, 8:30 AM
Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor ...
Fri, Sep 3 2010, 8:13 AM
Markets are roughly flat Friday morning ahead of the widely anticipated employment report for August, which at 8:30 eastern time is set to show that j...
Fri, Sep 3 2010, 4:38 PM
After the data was released, stock markets rallied sharply higher and the bond market sold off. After hitting new lows on Tuesday, mortgage rates hav...
Thu, Sep 2 2010, 12:42 PM
The way I view it, the hoard of $$$ that has gone long Treasuries would just love it if NFP prints worse than expected. Not only could they add to the...
Thu, Sep 2 2010, 11:39 AM
Litany of Investor Bulletins: Mortgage Insurance, Appraisal Photos, Originator IDs, Incomplete GFEs, 203(b)'s, Reserve Requirements, No More ARMs
Thu, Sep 2 2010, 11:25 AM
Many of our clients feel like the large aggregators are being managed by the risk management departments. There may be some truth in this because mos...
Thu, Sep 2 2010, 8:27 AM
Interest rates are modestly higher this morning after equities closed nearly 3% higher Wednesday.
Ninety minutes before the opening bell, S&P 500 f...
Thu, Sep 2 2010, 5:42 PM
The Employment Situation Report will be released at 8:30am tomorrow. Economists expect the Unemployment Rate to move higher from 9.5% to 9.6% and they...
Thu, Sep 2 2010, 4:25 PM
There has been talk circulating that the Administration is considering the re-authorization of the expired homebuyer tax credit. While I believe this ...
Thu, Sep 2 2010, 2:07 PM
The Federal Reserve is hosting a two day summit on neighborhood stabilization the focuses on the problem of foreclosures and owned real estate and the...
Wed, Sep 1 2010, 12:35 PM
"Refinancing activity picked up again last week, reaching new 15-month highs, as borrowers took advantage of even lower mortgage rates. The drop in m...
Wed, Sep 1 2010, 12:14 PM
No-appraisal loans; Pennsylvania gives compensation opinion; SS# funnies; impact of lower rates; JPM's buybacks; commercial rebound?
Wed, Sep 1 2010, 10:12 AM
Stocks are rallying and the bond market is taking a beating after a much better than expected read on the manufacturing sector.
Wed, Sep 1 2010, 8:47 AM
MBS valuations were also given a boost when the FOMC Minutes revealed the Fed had discussed the notion of reinvesting MBS prepays back into the TBA MB...
Wed, Sep 1 2010, 8:21 AM
The first day of September looks to open strongly while investors await key data on employment and manufacturing.
About ninety minutes before the ope...
Wed, Sep 1 2010, 4:50 PM
After weeks of stagnation, stocks finally took their turn in the spotlight today. As money moved out of the bond market and into equities, mortgage-b...
Wed, Sep 1 2010, 2:31 PM
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of orig...
Tue, Aug 31 2010, 12:26 PM
Have you seen loan pricing today? When we took down indications and updated our model with BE offers from the majors, our first reaction was: THERE IS...
