Thu, Feb 4 2010, 3:06 PM
In the week ending February 3, 2010, the Federal Reserve purchased a total of $17.63 billion agency MBS. In those five days the Federal Reserve sold $...
Thu, Feb 4 2010, 1:03 PM
Mortgage rates rose slightly during the past week according to information released today by both Freddie Mac and Fannie Mae. Only the one-year ARM re...
Wed, Feb 3 2010, 12:01 PM
While Treasury issuance remains elevated at high levels, issuance size is not expected to continue to grow. Again, this is not a huge supportive infl...
Wed, Feb 3 2010, 11:13 AM
We’ve helped many companies identify their trailing risk and develop a strategy to attend to the resulting losses. We agree with Wayne Gretzky that a...
Wed, Feb 3 2010, 10:39 AM
Appraisal Requirements; No New GSE Loan Programs; Jumbo Products Needed; Itemized Deductions; Several Lender Updates
Wed, Feb 3 2010, 8:37 AM
We have been pretty firm about locking on strength and willing to float at the outer limits of the range...at this point that is getting very risky. A...
Wed, Feb 3 2010, 8:14 AM
Equity futures are mixed after a steady incline yesterday pushed the Dow and S&P 500 up 1.09% and 1.30%, respectively. 90 minutes before the opening b...
Wed, Feb 3 2010, 4:56 PM
Michael Fratantoni, MBA's VP of Research and Economics, warned to expect rising mortgage rates over the next few months as the Fed exits the MBS buyin...
Wed, Feb 3 2010, 1:04 PM
Because the Employment Situation Report is so influential in the marketplace, it is also a source of great speculation. One source that provides a hin...
Tue, Feb 2 2010, 12:51 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to yesterday’s...again. This keeps the par 30 year conventional ...
Tue, Feb 2 2010, 12:23 PM
Lots of mortgage bankers talk about buying a bank, but aside from this writer, very few have ever done it. So a huge round of applause to Rob Hirt, ...
Tue, Feb 2 2010, 11:25 AM
MBS are angry this morning, well not really but it looks like it on the charts. "Rate sheet influential" MBS prices have CHOPPED CHOPPED CHOPPED aroun...
Tue, Feb 2 2010, 10:16 AM
Economists were expecting to see a small rebound in December Pending Homes Sales following a 16.4% decline in November, they got exactly what they wer...
Tue, Feb 2 2010, 10:07 AM
Fannie Mae Imminent Default Indicator; Borrower Funded Temporary Buydowns; DR Horton Out of the Red; Anti-Flipping Debate
Tue, Feb 2 2010, 8:21 AM
Equity markets are rallying ahead of key housing market data for December. 90 minutes before the opening bell, Dow futures are up 24 points to 10,161...
Tue, Feb 2 2010, 4:52 PM
I have spent the last few days using the control-f function to locate anything mentioning housing or the mortgage industry. I searched the document fo...
Tue, Feb 2 2010, 4:41 PM
At the end of the fourth quarter of 2009, there were 130.58 million housing units in the US. Compare that to the end of 2008 when there were 129.45 mi...
Tue, Feb 2 2010, 1:10 PM
The MBA reported Tuesday that commercial loan originations had increased during the fourth quarter over both the previous quarter and the same quarter...
Mon, Feb 1 2010, 11:53 AM
Mon, Feb 1 2010, 11:11 AM
Comedian George Carlin had a colorful career winning five Grammy Awards. He was known for his black humor as well as thoughts on politics, the Englis...
Mon, Feb 1 2010, 9:53 AM
FDIC Bank Closures and Links; Auto Delinquencies vs. Home Loan Delinquencies; Wells, GMAC Bulletins
Mon, Feb 1 2010, 9:14 AM
Both benchmarks and "Rate sheet influential" MBS coupons have found their way back toward important pivot points. The FN 4.0 is 0-05 at 97-28 yielding...
Mon, Feb 1 2010, 8:09 AM
It’s a busy week ahead and two hours before Monday’s opening bell investors are optimistic.
Dow futures are up 41 points to 10,058 and S&P 500 futu...
Mon, Feb 1 2010, 6:13 PM
Bankers responding to the January 2010 Federal Reserve Senior Loan Officer Opinion Survey on Bank Lending Practices indicated that residential loan st...
Mon, Feb 1 2010, 2:54 PM
The Commerce Department today released December New Construction Spending data. Spending was worse than forecast, -1.2 percent to an annual rate of $9...
Mon, Feb 1 2010, 1:33 PM
With the Employment Situation report due out later this week and mortgage rates holding at the best levels of the year, I continue to advise locking. ...
Fri, Jan 29 2010, 11:19 AM
Fri, Jan 29 2010, 10:06 AM
Freddie's condo guidelines; AVM's & mortgage banking; jawboning on the end of the mortgage purchase program
Fri, Jan 29 2010, 8:38 AM
LESS CONTRACTION IN BUSINESS INVENTORIES ACCOUNTED FOR 59% OF GDP GAINS! This will not carry over into Q1 2010. While markets had a muted reaction to ...
Fri, Jan 29 2010, 8:11 AM
90 minutes ahead of the opening bell and thirty before a GDP release that should show economic growth at a four-year high, equities are trading higher...
Fri, Jan 29 2010, 5:22 PM
Following the release of much better than expected 4th Quarter GDP, mortgage-backed security prices fell. This forced lenders to move mortgage rates s...
Fri, Jan 29 2010, 5:18 PM
Fri, Jan 29 2010, 4:30 PM
If you’re highly dependent on refinances, do you have an exit strategy? What are your plans for what you’ll do when rates go up 100-200 bps and refina...
Fri, Jan 29 2010, 4:05 PM
Consumer complaints about debt-assistance companies have spawned tougher new laws designed to crack down on scam artists. In many states, these new la...
Fri, Jan 29 2010, 1:06 PM
Today's rates rally started as one of those "sell the rumor, buy the news" aka FADE THE DATA moves. The bond market knew GDP would be strong, so they ...
Thu, Jan 28 2010, 11:51 AM
Rates are not benefiting from the stock lever because of three reasons. Auction concession + unwind of FOMC flatteners + Bernanke uncertainty. My outl...
Thu, Jan 28 2010, 10:39 AM
Fed mortgage purchase program to end; MGIC & BofA; Citi, USB updates
Thu, Jan 28 2010, 8:41 AM
All was good in the rates market leading up to 215pm yesterday. Rate sheet rebate was holding close to month over month bests, 10s were quietly boun...
Thu, Jan 28 2010, 8:18 AM
One day after President Obama’s State of the Union Address, the US dollar is up, buzzing near it's highest level since August 2008. Equity futures are...
