Tue, Aug 31 2010, 10:50 AM
FHA to FHA Refi Apps on the Rise but New MIP Structure will Slow Streamlines; GSE MBS Issuance in July; FDIC Transparency; Appraisal Adjustments
Tue, Aug 31 2010, 7:57 AM
After experiencing a sizable sell off on Friday, the bond market spent the day yesterday in recovery mode. Prices of U.S. Treasuries rallied across th...
Tue, Aug 31 2010, 5:44 PM
Yesterday we heard banks were buying back MBS hedges. This means lock desks were actively reducing their pipeline coverage (forward hedges) to account...
Tue, Aug 31 2010, 5:18 PM
If you've been floating your loan or have yet to apply for a refinance because it just didn't seem worth the hassle, congratulations, mortgage rates h...
Tue, Aug 31 2010, 3:52 PM
Standard & Poor's Case-Shiller Indices continue to show improvement in home prices, but the rate of increase has slowed and its publisher points to ot...
Mon, Aug 30 2010, 12:02 PM
Rate sheet influential MBS coupons have rallied more than 8 ticks from where they opened at the session lows. The October delivery FNCL 4.0 is current...
Mon, Aug 30 2010, 11:43 AM
The Conservator of Fannie Mae and Freddie Mac has issued its first report on Fannie Mae and Freddie Mac. The data indicates that problems began when...
Mon, Aug 30 2010, 10:26 AM
Originator Compensation Guidance Offered by Lender; Common Reasons for Buyback Requests; Servicer Rankings; Warehouse Line News; Investor Updates
Mon, Aug 30 2010, 7:38 AM
The first Friday of a new month is upon us, that means the official Employment Situation Report is just ahead. Because this data provides an in-dept...
Mon, Aug 30 2010, 3:56 PM
My point: after reprices for the better, loan pricing is 13.3bps better than it was last Monday (on average). In fact, loan pricing is just about as a...
Mon, Aug 30 2010, 3:44 PM
After a better than expected read on 2nd quarter GDP and a not so scary speech from the Federal Reserve Chairman, the 10 year Treasury note yield rose...
Mon, Aug 30 2010, 2:11 PM
In a Sunday news show appearance, HUD Secretary Shaun Donovan said that it was too early to discuss a revival of the homebuyers tax credit even though...
Fri, Aug 27 2010, 11:16 AM
Stocks initially sold to the lows of the week after Bernanke's speech flashed across wires but buyers were quick to take advantage of cheap prices. S&...
Fri, Aug 27 2010, 10:04 AM
FED PREPARED TO PROVIDE ADDITIONAL STIMULUS IF NECESSARY, ESPECIALLY IF OUTLOOK WEAKENS SIGNIFICANTLY
Fri, Aug 27 2010, 9:50 AM
Talk from the Trenches: Loan Pricing Margins Getting Crushed as Rally Persists; "Bad Loan Biz" Doing Well; FHA Steamline Product; Buybacks and Credit ...
Fri, Aug 27 2010, 7:24 AM
The Commerce Department is due to release its second estimate of GDP at 8:30 a.m. The GDP data follows a series of disappointing reports on the housi...
Fri, Aug 27 2010, 4:22 PM
A brief market wrap and a few observations heading into the weekend...
Fri, Aug 27 2010, 1:12 PM
While delinquency rates overall showed improvement, the MBA National Delinquency Survey showed a troubling increase in the number of home mortgages th...
Thu, Aug 26 2010, 10:48 AM
If you've been reading along over the past week you know I've been calling for the recent interest rate rally to reverse course. Poor housing data pr...
Thu, Aug 26 2010, 10:23 AM
The President of the Chicago Federal Reserve told an audience on Tuesday that financial literacy played a role in the mortgage meltdown, but suggested...
Thu, Aug 26 2010, 9:55 AM
HAMP's Political Intentions;More Rural Housing Confusion; Investors Shy Away From Property Flipping; Credit Overlays
Thu, Aug 26 2010, 8:06 AM
Rate sheet influential MBS coupons are following benchmark Treasury prices higher ahead of Weekly Jobless Claims data at 830am. The October delivery F...
Thu, Aug 26 2010, 4:28 PM
Lender rate sheets were slightly worse than yesterday but nothing monumental. The best par 30 year fixed -conventional, FHA and VA- mortgage rate re...
Thu, Aug 26 2010, 1:13 PM
This was the best auction of the week. Indirect bidders were the primary source of auction demand. Indicating overseas real money buyers are still cha...
Wed, Aug 25 2010, 10:19 AM
Three months after the home buyer tax credit expired, housing is stagnant. This should come as no surprise to folks working in the industry. Most pros...
Wed, Aug 25 2010, 10:02 AM
HAMP Fallout Quadruples; FHA Condo Recertification Requirements; Rapid Refinance as Means to Distribute Money Around the Economy;
Wed, Aug 25 2010, 9:31 AM
Anyone originating loans through a call center should either request an audit by the DOL or seek legal advice from a labor attorney. It’s better to b...
Wed, Aug 25 2010, 7:53 AM
Good Morning. Benchmark interest rates held onto yesterday's improvements in the overnight trading session as global equity markets extended their los...
Wed, Aug 25 2010, 6:51 PM
Much like yesterday, mortgage rates rallied early this morning following weak housing data. Much like yesterday, mortgage rates came under pressure in...
Wed, Aug 25 2010, 4:29 PM
Single Family Housing Guaranteed Loan Program Funding Notice
Wed, Aug 25 2010, 2:43 PM
"The volume of refi applications last week was up 26% over their level four weeks ago. Mortgage rates dropped to their lowest level in the survey, go...
Wed, Aug 25 2010, 2:01 PM
FNCL 4.0s just fell from new record high prices, led by profit taking in the long end of the yield curve and localized weakness in the belly. With "ra...
Tue, Aug 24 2010, 10:40 AM
Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the N...
Tue, Aug 24 2010, 10:00 AM
US JULY EXISTING HOME SALES 3.83 MLN UNIT ANNUAL RATE (CONS 4.70 MLN) VS JUNE 5.26 MLN (PRV 5.37)-NAR
Tue, Aug 24 2010, 9:51 AM
Homeownership: Deed of Trust vs. Mortgage; The Definition of "Loan Originator"; New FHA Jumbo FICO Floors; HOA Certs; Revised DTI Regs
Tue, Aug 24 2010, 8:35 AM
Stock futures are weaker and benchmark interest rates are experiencing a flight to safety ahead of what is expected to be another foul read on the hea...
Tue, Aug 24 2010, 5:44 PM
Although agency MBS greatly lagged benchmark Treasuries today, price levels rose enough for lenders to improve rebate (so they could work on filling t...
Tue, Aug 24 2010, 5:13 PM
The bond market must have seen this coming because interest rates were already in full on rally mode before the data was released. Although the 10 yea...
Mon, Aug 23 2010, 12:15 PM
Stocks have given back early session gains and "rate sheet influential" MBS coupon prices just hit new session highs. Loan pricing is 16.4bps worse on...
Mon, Aug 23 2010, 11:38 AM
FHA Insures High Cost Multi-Family Housing Development; Taylor Bean Buyouts Impact Prepay Speeds; Non-Agency Delinquency Rates; REO and Foreclosure In...
Mon, Aug 23 2010, 10:27 AM
Plain and Simple: it's any ones guess what mortgage rates do on a day over day basis, investing outlooks are extremely non-committal and recent behav...
Mon, Aug 23 2010, 8:46 AM
The data calendar is semi-busy in the week ahead but gets off to a slow start. Existing Home Sales, Durable Goods Orders, and New Home Sales highlight...
Mon, Aug 23 2010, 4:11 PM
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the August edition of the Obama Admin...
Fri, Aug 20 2010, 11:19 AM
Two great reports from the NY Fed and the Census Bureau; rates sure are good and may continue that way
Fri, Aug 20 2010, 8:15 AM
The October FNCL 4.0 is currently +0-01 at 102-18. 4.0s are +106bps off the 10yr note, wider to start the day. I expect to see profit taking in TSYs a...
Fri, Aug 20 2010, 4:34 PM
From 10,000 feet, the story of the week was "Mortgage Rates Rebound from Losing Streak", but when you look closer I think the bigger story was "Mortg...
Fri, Aug 20 2010, 2:58 PM
The Federal Home Finance Agency is proposing to restrict the GSEs and the FHLBanks from investing in or accepting as collateral mortgages on propertie...
Fri, Aug 20 2010, 1:03 PM
We have yet to perform a thorough analysis on loan pricing this week. Now seems like a good time...
Thu, Aug 19 2010, 12:54 PM
Consumer indebtedness as well as consumer delinquencies improved during the second quarter of the year according to a Federal Reserve Bank Survey. Wh...
Thu, Aug 19 2010, 10:32 AM
Econ data surprised to the downside, stocks are selling through support levels, Treasury longs are reaffirming a "buy on the dips" bias, and rate shee...
