Wed, Mar 24 2010, 8:18 AM
The US dollar is strengthening and equity futures are sharply lower this morning ahead of key housing and durable goods data. Yesterday the Dow streng...
Wed, Mar 24 2010, 5:53 PM
Benchmark interest rates started rising early in the trading session, before MBS trading officially opened at 8am. Positive Durable Goods Orders data ...
Wed, Mar 24 2010, 4:22 PM
Wed, Mar 24 2010, 3:17 PM
Treasury Secretary Geithner, and others testified before the House Financial Services Committee on Tuesday. The crux of the hearing depended on who w...
Wed, Mar 24 2010, 2:43 PM
MBS have trounced treasuries all day, and especially into the sell-off. That "ledge-ish" sort of section around 100-18 corresponds with a major pivot...
Wed, Mar 24 2010, 1:14 PM
REPRICES FOR THE WORSE ARE IMMINENT after a weak 5 year Treasury note auction.
Tue, Mar 23 2010, 12:59 PM
Tue, Mar 23 2010, 10:13 AM
Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West. This i...
Tue, Mar 23 2010, 10:08 AM
FHA Guidance for Merging Mortgage Ops; Chase Joins HAMP 2nd Lien Program; USDA Update; Corporate Rates Lower than Treasuries; News from, USB, FAMC, R...
Tue, Mar 23 2010, 8:38 AM
No need to go too deep into this outlook. Markets have been "coiling" energy, waiting for an influential event that provided direction and justified b...
Tue, Mar 23 2010, 8:33 AM
After a sharply lower open yesterday, stocks edged forward in the first hour and continued a steady climb throughout the day to end roughly 0.50% high...
Tue, Mar 23 2010, 7:25 PM
The moral of today's story is that MBS were wanting to stay under 101-02 yesterday and over it today. Whether prices open higher or lower tomorrow, w...
Tue, Mar 23 2010, 5:15 PM
The House Financial Services Committee held a hearing today to discuss the future of Housing Finance- What Should the New System Be Able to Do? So mu...
Tue, Mar 23 2010, 4:55 PM
The par 30 year conventional rate mortgage has once again declined to the 4.75% to 5.00% range for well qualified consumers .Over the past two days be...
Tue, Mar 23 2010, 4:21 PM
FN 4.5's currently unchanged on the day at 101-02. (4 ticks off highs). Treasuries much worse off with 10yr down 7 ticks, pushing yield up to 3.69. C...
Tue, Mar 23 2010, 3:51 PM
It’s hard to manage a company without have the details of revenues, cost of goods sold and expenses. Appropriate placement of the details on the P&L...
Tue, Mar 23 2010, 2:33 PM
Mon, Mar 22 2010, 12:00 PM
Coiling represents "waiting for guidance" in the marketplace. This fits in well with the financial atmosphere today. There is a lack of meaningful dat...
Mon, Mar 22 2010, 11:04 AM
Citi "Re-Entering" Correspondent Channel; Reverse Mortgages; Updates From Almost Every Major Lender; Seven Bank Failures
Mon, Mar 22 2010, 8:59 AM
The econ calendar is essentially empty today, this allows bond traders to price in auction supply concessions to the yield curve whenever the stock le...
Mon, Mar 22 2010, 8:58 AM
Financial markets don’t seem pleased by the $940 billion healthcare bill. One morning after the House of Representatives passed the President’s initia...
Mon, Mar 22 2010, 6:02 PM
My goal is to convey just how boring today was. The term "range-bound and waiting for guidance" doesn't even begin to describe it. "Low volatility a...
Mon, Mar 22 2010, 5:01 PM
It was a very slow day in the mortgage market. Mortgage-backed security prices opened lower which forced many lenders to publish mortgage rates higher...
Mon, Mar 22 2010, 3:26 PM
Current trading may follow a certain general framework, but it's all akin to a pre-game warm up as the real action won't begin until 1pm tomorrow--whe...
Mon, Mar 22 2010, 3:04 PM
Fannie Mae has offered its servicers a second method of moving distressed borrowers into permanent HAMP loan modifications. The Alt Mod program is de...
Mon, Mar 22 2010, 1:54 PM
Would you invest in a company laden with huge amounts of debt and moderate growth or a company with high growth and no debt? What if the choice were ...
Fri, Mar 19 2010, 11:48 AM
Rates are staging a lackluster comeback as commodities stocks battle a strong dollar. Adding some weakness is a continued lack of liquidity in the mar...
Fri, Mar 19 2010, 10:00 AM
Underwriter Compensation and Production; Mortgage Insurance Update; Fannie Mae Buyout Details
Fri, Mar 19 2010, 8:33 AM
Both benchmark 10s and rate sheet influential MBS coupons are opening the day weaker...in a very slow trading environment. 10s moved sideways overnigh...
Fri, Mar 19 2010, 8:27 AM
Stocks are mixed after yesterday’s mixed session. A lack of significant data on today’s schedule implies trading could be light, but headlines should ...
Fri, Mar 19 2010, 4:18 PM
Fri, Mar 19 2010, 3:34 PM
Recapping The Week That Was in Housing: Fed Meeting, Builder Confidence, Housing Starts, Building Permits, Financial Reform, Loan Demand, Interest Ra...
Fri, Mar 19 2010, 3:24 PM
After yesterday’s busy economic data calendar, the schedule was empty today. Reports from fellow mortgage professionals indicate lender rate sheets to...
Fri, Mar 19 2010, 3:01 PM
Fri, Mar 19 2010, 1:37 PM
Thu, Mar 18 2010, 12:43 PM
Thu, Mar 18 2010, 12:06 PM
We perform our FOCIS audit for warehouse lenders looking to identify hidden risks and potential “tapebombs” that may result in unexpected losses. We ...
Thu, Mar 18 2010, 11:00 AM
If you have been floating in hopes of an extended rates rally, now might be the time to ensure your loans are registered and ready to lock.
Thu, Mar 18 2010, 10:55 AM
Fannie Mae has lowered many of its earlier projections for first quarter residential investment based on lagging home sales in January and February; b...
Thu, Mar 18 2010, 10:20 AM
The Cost of Labor in the Mortgage Market; FHA Origination Down 10% in January; Wells to Modify 2nd Liens; FHA Condo Questions
Thu, Mar 18 2010, 8:42 AM
Inflation data was dovish, supportive of exceptionally low Federal Reserve interest rate policy for an "extended period". Jobless claims were worse t...
Thu, Mar 18 2010, 8:19 AM
The day ahead offers several fresh data points and a range of speakers from the Federal Reserve. Traders are being cautious as equity prices are sligh...
Thu, Mar 18 2010, 5:09 PM
Thu, Mar 18 2010, 5:03 PM
Don't expect an extension of the MBS program on April 1. If anything, the Fed will let the market function on its own and evaluate progress. If the la...
Thu, Mar 18 2010, 4:40 PM
After the release of the Treasury debt statement, benchmark yields rose and MBS prices fell. This forced many lenders to reprice for the worse. After...
Thu, Mar 18 2010, 3:27 PM
Wed, Mar 17 2010, 12:48 PM
THE PHRASE PLAY THE RANGE UNTIL THE RANGE PLAYS YOU RESONATES LOUDLY IN MY HEAD AT THE MOMENT. 10 yr yields have fallen fast, all the way back to the ...
Wed, Mar 17 2010, 10:56 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 12, 2010. When the Fed announc...
Wed, Mar 17 2010, 10:31 AM
Federal Home Loan Bank's Suit Against Nine Private Label MBS Dealers; ; No Change from Fed
Wed, Mar 17 2010, 9:02 AM
Across all stages of production, falling energy prices in February accounted for the majority of deflation with gasoline being the biggest drag. The ...
