Mon, May 10 2010, 4:05 PM
Over the weekend the European Union, IMF, and several Central Banks including the U.S. Federal Reserve announced a coordinated effort to put an offici...
Mon, May 10 2010, 2:45 PM
Equity markets are holding onto gains after experiencing an unexplained liquidity freeze and record price dip last Thursday. Benchmark interest rates ...
Fri, May 7 2010, 11:26 AM
Impact of Fannie's Quality Control Initiative on Lenders; PMI Reports Improving Home Values; HUD Gives Guidance on Lead Paint
Fri, May 7 2010, 10:13 AM
Nonfarm payroll employment rose by 290,000 in April, the unemployment rate edged up to 9.9 percent, and the labor force increased sharply, the U.S. Bu...
Fri, May 7 2010, 8:08 AM
After an insane day in the stock market yesterday, which saw the Dow fall by nearly 1,000 points, or 9.2%, before rebounding and closing with a loss o...
Fri, May 7 2010, 6:44 PM
Normally a better than expected economic release, especially one as influential as the Employment Situation Report, gives stock traders a reason to bu...
Fri, May 7 2010, 2:35 PM
What does it all mean? Not a clue, as always... But we'd watch the long term trends in 10's above all else, and have a little default assumption abo...
Fri, May 7 2010, 1:28 PM
A Federal Reserve Bank of Atlanta working paper examines the relationship between financial literacy and subprime mortgage delinquencies. They found ...
Thu, May 6 2010, 12:34 PM
Reprices for the better either have already hit, or soon will. Expect gravity around 3.49 in the 10yr, and a trampoline-like sheet of nearly impenetr...
Thu, May 6 2010, 10:43 AM
Plethora of Job Openings for Originators; Negative Convexity Explained; Clean Energy Loans; Freddie Mac Earnings
Thu, May 6 2010, 10:12 AM
Productivity advances have served to limit further layoffs and keep inflation low....this a positive for the housing industry as controlled inflation ...
Thu, May 6 2010, 7:53 AM
Volatility in the US stock market hit a three-month high yesterday as the benchmark S&P 500 has shed 3% in the past two trading days. Equity futures h...
Thu, May 6 2010, 5:58 PM
The biggest single day point drop in the history of the Dow Jones Industrial Average was the primary source of motivation in the interest rate market ...
Thu, May 6 2010, 4:00 PM
4.5 MBS UP 16 TICKS AT 101-18. WERE AS HIGH AS 101-25. 10YR NOTE YIELDS DOWN ALMOST 20 BPS AT 3.38. DOW'S DOWN ABOUT 425. HIGH OF THE DAY: 10880. ...
Thu, May 6 2010, 3:41 PM
Regional mortgage bankers (RMB) with a retail and wholesale orientation may be the best partners for mortgage brokers. We won’t call it what it reall...
Thu, May 6 2010, 2:29 PM
After three quarters in which it managed to be more or less self-sufficient, Freddie Mac released its financial reports for the first quarter of 2010 ...
Wed, May 5 2010, 11:28 AM
"Purchase application activity continued to increase in the last week of the homebuyer tax credit program, driven by significant increases in both co...
Wed, May 5 2010, 10:11 AM
Cinco de Mayo: HAMP Incentives Denied to NonCompliant Servicers? High Balance Loans; Penny Mac Earnings; Flood Zone Alert
Wed, May 5 2010, 9:05 AM
4.5's are up 7 ticks this AM at 101-05. Current Coupon Yield Spreads widest since Nov/Dec 09. 10yr yields down another 5bps at 3.54. Stock futures are...
Wed, May 5 2010, 8:15 AM
US equities look to open lower as bad news from Europe continues to dominate the headlines. The latest is that European Central Bank council member Ax...
Wed, May 5 2010, 5:43 PM
It's very uncomfortable for me to say that today's price action "confirms" the break to lower yields in treasuries. AQ mentioned the phrase "made of g...
Wed, May 5 2010, 5:33 PM
We have seen several days in a row of improving lender pricing thanks to the sovereign debt concerns with Greece and other European countries. At som...
Wed, May 5 2010, 5:00 PM
What a day. What a week. What a month. Much as happened recently to distract the bond market from it's core strategic motivations. I think we need t...
Wed, May 5 2010, 3:09 PM
MBS up 7 ticks at 101-04. 10yr yields at 3.56, having traded from 3.61 to 3.49 today. Stocks rallied and fell again, not quite as bad as the open, bu...
Tue, May 4 2010, 12:56 PM
MARI Says Loan Fraud "Significantly Understated"; Risk Retention Reform Issues; Jumbo Loan Pricing; Comparing Loan Production Activity in 2010;
Tue, May 4 2010, 10:05 AM
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season. The Pending Home Sal...
Tue, May 4 2010, 9:58 AM
The stock lever's influence on interest rates is obvious...stocks down, interest rate prices up. A confluence of logic. The Euro is at a one year low....
Tue, May 4 2010, 8:11 AM
European concerns won’t go away. Investors remain focused on the Greek rescue package and what it means for the rest of the Eurozone, and that’s setti...
Tue, May 4 2010, 6:12 PM
I'm just as hopeful as the next guy that stocks DO break lower and the 10yr DOES re-test 3.5 and the 4.5 DOES spend some more time in the 101's. All ...
Tue, May 4 2010, 6:05 PM
The market's nervous sentiment surrounding Greece carried over into today's trading session which has once again led to a flight to safety into the bo...
Tue, May 4 2010, 3:14 PM
We are dumping millions of dollars to support people who are in trouble on their mortgages, in many cases these are people who over stretched to begin...
Tue, May 4 2010, 2:45 PM
The mortgage business is a study in Darwinism. Mortgage participants that learn to collaborate and adjust to the business environment will prevail. ...
Tue, May 4 2010, 2:12 PM
We have to remember WHERE the volume is coming from.. In this case, some potential reconcilable sovereign debt concerns. There was plenty of the sam...
Tue, May 4 2010, 1:19 PM
The April Senior Loan Officers Survey conducted by the Federal Reserve revealed that most of the banks surveyed are holding steady on loan standards a...
Mon, May 3 2010, 10:49 AM
Homebuilders involved in remodeling are increasingly encouraged about present and future market conditions according to the most recent date released ...
Mon, May 3 2010, 10:39 AM
Fannie Mae Cuts Interest Only Program and Releases ARM Updates; FDIC Shuts Down Seven More Banks; Citi; MGIC, Foreclosures,
Mon, May 3 2010, 10:18 AM
Japan and London are out on holiday so trading flows may be tempered by a lack of broad based conviction. This implies chopatility is highly likely. ...
Mon, May 3 2010, 8:24 AM
Overseas stock markets are mostly in the red this morning, but equity futures at home are pointing to a strong open head of spending, manufacturing, a...
Mon, May 3 2010, 6:36 PM
"The increase in borrowing and the higher cash balance were due to a combination of the increase in the SFP balance, higher receipts, lower outlays, a...
Mon, May 3 2010, 4:16 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to Friday’s repriced sheets. The par 30 year conventional rate m...
Mon, May 3 2010, 3:06 PM
The lack of conviction discussed in the AM post is obvious in both stocks and bonds today. The S&P is +1.47% at 1204.12. Essentially erasing the losse...
Mon, May 3 2010, 2:21 PM
According to the Monthly Volume Summary issued by Freddie Mac, the mortgage related investment portfolio skyrocketed, increasing by an annualized rate...
Fri, Apr 30 2010, 11:29 AM
All of the top 20 metropolitan areas in terms of foreclosure activity are located in only four states according to a report released today by RealtyTr...
Fri, Apr 30 2010, 11:11 AM
Last Day to Take Advantage of Home Buyer Tax Credit; Last Day of GFE Leniency From HUD; Carry Trade Primer
Fri, Apr 30 2010, 10:45 AM
This is exactly why we have been preaching the fundamentals of GUTFLOP so much lately. PLAY THE RANGE UNTIL THE RANGE PLAYS YOU and LOCK AT THE PRICE ...
Fri, Apr 30 2010, 8:19 AM
Equity futures are modestly higher this morning as investors anticipate the latest developments from Greece as well as three key domestic data release...
Fri, Apr 30 2010, 6:52 PM
Month long rallies in and of themselves are sometimes sufficient cause for the momentum to take a break, either to merely "catch it's breath" or worse...
Fri, Apr 30 2010, 2:22 PM
Take a careful look at the charts and how good your pricing is, and consider the trend channel in treasuries is now closer to indicating a move higher...
Fri, Apr 30 2010, 1:59 PM
Let’s do a short review of what I believe RMBS traders were thinking in 2006 and 2007 and what they did to address increasing risk to the firm. They ...
Thu, Apr 29 2010, 11:15 AM
Originators Face Moral Dilemma: Cheer On The Economy or Root For Low Mortgage Rates; Ginnie Issuance Down in March; Greek Ramificationsnews from Fanni...
