Tue, May 25 2010, 10:28 AM
The Federal Home Loan Finance Agency has announced plans for new data standards and an electronic portal for uniform collection and submission of appr...
Tue, May 25 2010, 10:14 AM
Loan Quality Initiative Reminder; Pricing Discrepancies Explained; More Mortgage Jobs; Primer On Case-Shiller Index; Plenty Of Investor Updates
Tue, May 25 2010, 9:38 AM
Housing did nothing to reverse the risk averse bias in stocks. The flight to quality into government bonds continues...mortgage rates should improve t...
Tue, May 25 2010, 7:39 AM
U.S. equities are indicated lower and the flight to safety is back in style after stock markets sold off around the world in the overnight session. Co...
Tue, May 25 2010, 6:29 PM
Overnight, stock markets around the world sold off due to continued debt concerns across Europe and tensions between North and South Korea. Stocks ope...
Tue, May 25 2010, 5:45 PM
MBS close +8 ticks on the day, at 102-11, but that's off highs around 102-15. 10yr notes have backed up aggressively and directionally, rising from 3....
Tue, May 25 2010, 3:38 PM
The big question everyone is asking: The Home Buyer Tax Credit Has Expired. Will Home Sales Improve, Contract, or Go Sideways?
Tue, May 25 2010, 3:30 PM
Thrift institutions in the U.S. posted the third consecutive quarter of profitability according to data released on Monday by the Office of Thrift Sup...
Tue, May 25 2010, 2:17 PM
In and of itself, the auction wasn't good, at least not when comparing metric to metric vs recent averages. But how much should we have expected thos...
Mon, May 24 2010, 10:52 AM
Extensive Updates From Citi and Chase; Extended Lock Fees; NMLS Deadlines; Approved Fraud Detection Vendors; Quarterly Bank Performance;
Mon, May 24 2010, 10:19 AM
Stocks and bonds traded in a volatile manner last week as cash continued to seek out a liquid marketplace. Risk aversion remains the favored strategic...
Mon, May 24 2010, 8:47 AM
Housing data, the secondary marketing conference in New York, Treasury auctions, plenty of Fed speak, revisions to 1Q GDP, Durable Goods, and Consumer...
Mon, May 24 2010, 5:21 PM
Mortgage rates capped off a great week in sour fashion last Friday. After four days of stock selling induced rate rallying, lenders were finally force...
Mon, May 24 2010, 3:39 PM
So here we are in a relatively light-on-data Monday following a week that saw some huge movements across all markets and the the sense of anticlimax i...
Mon, May 24 2010, 3:16 PM
Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions,...
Mon, May 24 2010, 1:09 PM
The process of markets PREPARING to either confirm this range or to retrace back into weaker territory is evident in the CONSOLIDATION patterns that A...
Fri, May 21 2010, 11:59 AM
Stocks are rallying and rates are selling off. The S&P is currently +1.33% at 1085.88 after hitting an intraday low of 1056. The 10yr TSY note is flat...
Fri, May 21 2010, 11:52 AM
Loan Production Slowed By Collateral Valuations; Financial Reform And Mortgages; Consumer Spending and Saving; Delinquency Rates
Fri, May 21 2010, 11:05 AM
The most recent version of FinReg Reform legislation took another step toward the 1930s yesterday. Our Senators, who we collectively voted into offic...
Fri, May 21 2010, 8:39 AM
Equity futures continue sliding this morning after the stock market was dealt a crushing blow yesterday. The S&P 500 dropped 3.9% ― it’s biggest one-d...
Fri, May 21 2010, 5:45 PM
If you've been floating for the past few weeks, your rate has greatly improved. Even after rates mortgage rose today, they're still close to record lo...
Fri, May 21 2010, 3:56 PM
Risk retention legislation will affect mortgage loan pricing in a
negative way. It will force mortgage bankers and wholesalers to
accumulate more ...
Fri, May 21 2010, 2:41 PM
Fri, May 21 2010, 1:30 PM
Twenty years plus years ago I was operating a wholesale mortgage bank that was owned by a savings & loan that was on the brink of shutting down. Regu...
Thu, May 20 2010, 10:53 AM
FOMC Minutes Discuss Fed's Feelings On Mortgage Asset Sales; NonBank Lender Oversight; RMIC Cuts Distressed Markets; Where Are The Loans?
Thu, May 20 2010, 9:38 AM
Shifts in the value of global currencies, rising short term bank funding costs (LIBOR), and general political uncertainties (here and abroad) continue...
Thu, May 20 2010, 8:25 AM
The stock market is indicated lower this morning as investors remain weary about Europe’s debt crisis. Overnight, Japanese GDP rose at a slower-than-...
Thu, May 20 2010, 6:25 PM
The flight to safety continued today as stocks moved lower around the world. This sent benchmark Treasuries to their lowest yields of the year and hel...
Thu, May 20 2010, 4:37 PM
An MBA official told a House Veterans Affairs subcommittee that VA, FHA, and other government guaranteed loans should be exempted from proposed loan r...
Thu, May 20 2010, 3:34 PM
USDA Section 502 Single Family Housing Guaranteed Loans are primarily used to help low-income individuals or households purchase homes in rural areas....
Thu, May 20 2010, 3:14 PM
The bottom line is that it's more likely to hold than not. And if you're "playing the range until the range plays you," this is the last stop on the ...
Thu, May 20 2010, 2:22 PM
In a letter for the New York State Attorney General Today, Activity FHFA Director DeMarco announced that his agency is modifying the enforcement porti...
Wed, May 19 2010, 11:50 AM
The industry's worst fears might be coming true. Regardless of record levels of affordability (reset home prices and mortgage rates below 5.00%), purc...
Wed, May 19 2010, 11:39 AM
Choppy trading conditions continue to expand the already spacious "rate sheet influential" MBS coupon trading range. The FN 4.5 has traded as high as ...
Wed, May 19 2010, 10:31 AM
Our Management Advisory Program (MAP) results for the first quarter 2010 are starting to come in. We measure top line revenues, gain-on-sale, compen...
Wed, May 19 2010, 10:15 AM
Originator Feedback From The Trenches; FHA Broker/Lender Approval Guidance; HomePath Update; Citi Non-Agency Lending; 95% MI
Wed, May 19 2010, 9:33 AM
The Euro hit a new four year low of $1.2162 before closing down 1.49% at 1.2207. The S&P ended the day session -1.42% at 1120.80. The 10 yr TSY note w...
Wed, May 19 2010, 8:21 AM
Investors across the globe are selling stocks after Germany announced it was banning naked short selling of credit default swaps, plus certain euro ar...
Wed, May 19 2010, 6:16 PM
4.5's closed up 1 tick at 101-31. 3pm marks were at 102-00. Treasuries were effectively unchanged from 3pm marks at 3.37, but 5pm to 5pm, yields bac...
Wed, May 19 2010, 5:55 PM
It was another volatile day for both stocks and interest rates. The ups and downs in the market forced lenders to reprice for the worse, and allowed l...
Wed, May 19 2010, 3:28 PM
Jay Brinkmann, Chief Economist for MBA says, "The issue this quarter is that the seasonally adjusted delinquency rates went up while the unadjusted ra...
Wed, May 19 2010, 2:31 PM
The Federal Reserve has released the Minutes of the Federal Open Market Committee Meeting held on April 27-28, 2010. MBS are steady after the FOMC min...
Tue, May 18 2010, 11:19 AM
Defending The Mortgage Industry From Generalizations; New HUD Mortgagee Letter; HAMP Data; TB&W Chairman in Trouble; Quicken Loans
Tue, May 18 2010, 10:26 AM
Watch for the Euro, which has been gaining ground all morning, to reverse course and begin losing value against the dollar again. If this happens stoc...
Tue, May 18 2010, 8:19 AM
As global support continues to grow for Greece, nerves are calming and investors are willing to buy again. Overnight, Greece received a €14.5 billion ...
Tue, May 18 2010, 6:48 PM
Mortgage rates looked like they were going to move up today as stocks were indicated to open higher before the lenders published rate sheets. However ...
Tue, May 18 2010, 5:33 PM
Very strong afternoon for bonds, and in decent volume as well. Primarily however, there remains an air of global uneasiness, if not panic, that is go...
Tue, May 18 2010, 3:28 PM
The uptick in Housing Starts was expected as last minute buyers rushed to finalize sales contracts before the homebuyer tax credit expired on April 30...
Tue, May 18 2010, 2:55 PM
After a strong open, the value of the Euro fell which pulled stocks lower and forced another flight to quality into risk-free Treasuries. This helped ...
Tue, May 18 2010, 1:07 PM
The number of homeowners who completed HAMP's mandatory 90 day trial period and were converted into permanent load modification status rose 68,000 to ...
