Wed, Feb 10 2010, 11:48 AM
Wed, Feb 10 2010, 11:07 AM
Plain and Simple: the Fed is feeling their way through this one step at a time. The plan has been outlined but the marketplace is very sensitive to po...
Wed, Feb 10 2010, 10:53 AM
FHA Appraisal Policy REMINDER; Approve/Ineligibles; How PIIGS impact MBS; ING & YSP
Wed, Feb 10 2010, 9:08 AM
Wed, Feb 10 2010, 8:31 AM
With investors still believing a bailout package will be structured for Greece, global equity markets are trading higher while stock futures at home a...
Wed, Feb 10 2010, 6:14 PM
Wed, Feb 10 2010, 4:59 PM
Mortgage Rates moved higher today.The main event on the day was the second of three US Treasury auctions scheduled for this week. Today's auction offe...
Wed, Feb 10 2010, 3:33 PM
Today's "tape-bomb", or volatile news item, was launched from the frontlines at FHLMC, somewhere in suburban Virginia, as they announced they would bu...
Wed, Feb 10 2010, 2:43 PM
Freddie Mac announced they would purchase $71.2 billion 120+ day in loans. This confirms fears that MBS investors should be expecting an increase in i...
Wed, Feb 10 2010, 2:01 PM
If you’ve worked in the secondary market area or been around someone who manages interest rate risk for a mortgage banker, you may have heard some str...
Wed, Feb 10 2010, 1:46 PM
Reprices for the worse--if you haven't seen them already--are still possible to probable. Try to gauge how much your lender hedged their rates for to...
Wed, Feb 10 2010, 1:02 PM
Tue, Feb 9 2010, 11:22 AM
We have been here before...over the past 6 months when equities showed signs of weakness, I actually put good thought into making a connection between...
Tue, Feb 9 2010, 11:17 AM
Jumbo Loan Delinquencies; BoA and Landsafe; Fannie Mae HomePath Incentive; Pooling and Ratings Agencies;
Tue, Feb 9 2010, 8:36 AM
The sky is once again gray and the ominous smell of another winter storm has settled in over the area. This spells trouble for a region that has alrea...
Tue, Feb 9 2010, 8:25 AM
Stock markets may be reversing course after investors pushed down the Dow by 1.04% yesterday. Increased speculation that the European Union may bail o...
Tue, Feb 9 2010, 6:38 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be worse this morning., mortgage rates are higher. While the par 30 year ...
Tue, Feb 9 2010, 5:09 PM
Plain and Simple: sometimes a little snow is great for the local economy. sometimes too much snow can strain the budgetary limits of the local econom...
Tue, Feb 9 2010, 1:27 PM
In the wake of treasury auctions, volatility can be quite high, and it's too soon to know if this support will continue to hold or if the situation de...
Tue, Feb 9 2010, 1:26 PM
Cost of a Loan Repurchase; Budget Deficit; Financial Sector Peformance; MBA Headquarters; ResCap Earnings
The story about the Mortgage Bankers offi...
Tue, Feb 9 2010, 1:04 PM
We're down 6 ticks since the auction so far, and falling....Reprice risk is high at the moment
Mon, Feb 8 2010, 11:38 AM
"Rate sheet influential" MBS coupons and benchmark TSYs are testing the staying power of Friday's FTQ fixed income rally. A solid move below 101-06 w...
Mon, Feb 8 2010, 10:11 AM
MBA Takes Loss on Headquarters; CRA Loans; HAMP Servicer Updates; Prepay Speeds; Updates: GMAC, FAMC
Mon, Feb 8 2010, 8:56 AM
Stocks sold off in a panicky fashion last week as sovereign debt concerns grew over Greece, Portugal, and Spain's ballooning budget deficit and rising...
Mon, Feb 8 2010, 8:49 AM
The week ahead is a particularly slow one. The only major releases are the Trade Balance on Wednesday and Retail Sales report on Thursday. Plus, Frida...
Mon, Feb 8 2010, 3:54 PM
In the past year, we’ve still seen a few companies allow their loan officers to lock directly with investors. Investors today allow their corresponde...
Mon, Feb 8 2010, 1:43 PM
Nothing has changed from Friday. Mortgage rates continue to run into a floor at 4.75%. This has held true all month! My lock bias is based on the big...
Fri, Feb 5 2010, 11:45 AM
Now that the jobs report is behind us, the marketplace will put all focus on sovereign debt anxieties abroad. Part of the reason for panic has to due...
Fri, Feb 5 2010, 9:56 AM
FDIC Doing "A LOT" of Hiring; Less Loan Production in 2010; Neighborhood Watch Scorecard; California Tax Exempt Bonds; FY2011 Budget
Fri, Feb 5 2010, 9:36 AM
More on Loan Buybacks; GMAC's Earnings; Another BofA lawsuit; Primer on volatility; Solid Super Bowl Joke
Fri, Feb 5 2010, 8:31 AM
20,000 jobs were lost in January according to the Bureau of Labor Statistics. The unemployment rate fell from 10.0% to 9.7%. This will surely grab hea...
Fri, Feb 5 2010, 8:14 AM
Equity futures are deep in the red this morning after substantial losses yesterday. The culprit continues to be European sovereign debt concerns in Gr...
Fri, Feb 5 2010, 4:49 PM
Sellers reacting to the depressed price of their houses appear to be holding back improvements in the housing market according to a survey by Thompson...
Fri, Feb 5 2010, 2:21 PM
When considering the LOCK vs FLOAT decision, I think of it as so: WE ARE PLAYING CHESS, NOT CHECKERS. My lock bias is based on the big picture outlook...
Thu, Feb 4 2010, 11:05 AM
We've been here before! We've seen bond bearish NFP prints, we've seen tons of "better than expected" data, we've watched stocks rally on and on and o...
Thu, Feb 4 2010, 11:03 AM
We find time and time again see owners of company, managers of departments and individual loan officers neglecting to measure the performance of their...
Thu, Feb 4 2010, 10:27 AM
GMAC Cuts Ditech; Top GFE Mistakes; ASF Non-Agency Loan Product Outlook; Biggest Commercial Loan Servicers
Thu, Feb 4 2010, 8:57 AM
Jobless Claims increased by 8,000 last week to 480,000 new claims. This was worse than expected. The rates market, which was already rebounding from y...
Thu, Feb 4 2010, 8:18 AM
Equity markets are in the red across the globe as investors become increasingly concerned that the Greek debt tragedy could spread to other countries ...
Thu, Feb 4 2010, 5:12 PM
I have been advising LOCK all week ahead of the Employment Situation Report, which will be released at 8:30am tomorrow morning. While there have been...
Thu, Feb 4 2010, 3:45 PM
"There will be a jobs revision I'm told tomorrow that's likely to show additional job loss at the first part of the recession that started in December...
