Wed, Dec 23 2009, 5:49 PM
So most readers are locked right? At least those of you who are closing in December?
We have been shouting LOCK from the rooftops since early Decem...
Wed, Dec 23 2009, 5:18 PM
Wed, Dec 23 2009, 4:09 PM
Wed, Dec 23 2009, 2:04 PM
Tue, Dec 22 2009, 12:24 PM
Tue, Dec 22 2009, 11:02 AM
Mortgage rates continued to rise yesterday as benchmark Treasury yields moved higher and prices of mortgage backed securities fell. MBS opened the day...
Tue, Dec 22 2009, 10:39 AM
Loan Mods vs. Reps & Warranties; More on RESPA; Higher Priced Mortgages; Indiana & Appraisers
Tue, Dec 22 2009, 10:05 AM
The rates market is extending early session losses thanks to a better than expected Existing Home Sales print.
The 3.375 coupon bearing 10yr TSY no...
Tue, Dec 22 2009, 9:00 AM
Tue, Dec 22 2009, 8:25 AM
Equities are continuing to extend gains this morning after climbing more than 1% yesterday. Before GDP revisions for the third quarter come out, the D...
Tue, Dec 22 2009, 5:12 PM
I just received an update from the FHA that I believe will spread some holiday cheer. Mr. Jerrold H. Mayer writes re: Delayed Implementation Date for ...
Tue, Dec 22 2009, 4:51 PM
Two days... Two catastrophic beatings for bonds. And I keep looking up at the stock chart and it still looks like the top of Bart Simpson's head... ...
Tue, Dec 22 2009, 3:42 PM
Tue, Dec 22 2009, 2:04 PM
In last month's report, existing-home sales surged 10.1 percent to an annual rate of 6.10 million units in October from a downwardly revised pace of 5...
Tue, Dec 22 2009, 1:39 PM
The Federal Housing Administrated reported on Tuesday that same house sales that form its Housing Price Index rose slightly during October. At the sa...
Mon, Dec 21 2009, 11:52 AM
Mon, Dec 21 2009, 10:42 AM
Bank Failure Update: Former IndyMac Buys Bank; Modification News from the Trenches; Bulletins from Fannie, BofA, Chase, USBHM, PMI, AmTrust
Mon, Dec 21 2009, 9:49 AM
Most borrowers have already locked in and many have actually already closed. Who wants to deal with a loan closing at this time of year? My main goa...
Mon, Dec 21 2009, 8:31 AM
Equities are looking to a strong open ahead of week that, according to economists, should be full of cheery data before Christmas Day.
One hour be...
Mon, Dec 21 2009, 5:32 PM
Mon, Dec 21 2009, 4:55 PM
Government guaranteed loans, primarily those obtained through the Federal Housing Administration and the Veterans Administration, showed higher delinq...
Mon, Dec 21 2009, 4:51 PM
I cannot stress this enough...the rates market is very volatile. If you happen to be floating a loan that is expected to close this month...I WOULD LO...
Mon, Dec 21 2009, 3:54 PM
Mon, Dec 21 2009, 1:59 PM
Rate sheet rebate is worse. I am watching the market but I am not really too focused on it to be honest. More or less I have decided to use this time ...
Fri, Dec 18 2009, 12:57 PM
Although not far removed from the tight range that has held all day, the FN 4.5 is at session lows. Considering it's a Friday and many lock desks are ...
Fri, Dec 18 2009, 11:10 AM
Fri, Dec 18 2009, 11:01 AM
During the third quarter the amount of commercial/multifamily debt outstanding declined by $28 billion or 0.8 percent to a total of $3.43 trillion. T...
Fri, Dec 18 2009, 9:53 AM
AmTrust returns; VA Loan limits; SAFE Act in California; average profit per loan stats
Fri, Dec 18 2009, 8:58 AM
Treasuries gave back some gains overnight. Several explanations could be offered but I think the most relevant observation continues to be "selling in...
Fri, Dec 18 2009, 8:21 AM
After three busy days of fresh data and the Fed’s monetary policy meeting markets are given a bit a bit of a break today. Quadruple-witching aside ― t...
Fri, Dec 18 2009, 5:39 PM
Fri, Dec 18 2009, 5:06 PM
After making a modest recovery following the release of the FOMC statement on Wednesday, mortgage rates are ending the week on a negative note. Rates ...
Fri, Dec 18 2009, 2:41 PM
Thu, Dec 17 2009, 12:00 AM
A seller has the right to certain expectations when he hires a real estate agent. The best agents may make you wonder why you ever questioned that co...
Thu, Dec 17 2009, 11:29 AM
It got a little choppy after the Philly Fed Index release was much better than expected, I actually almost issued an alert because I noticed activity ...
Thu, Dec 17 2009, 10:05 PM
Fannie Mae (FNM/NYSE) announced today that it is suspending all foreclosure evictions from December 19, 2009 through January 3, 2010. All owner-occupa...
Thu, Dec 17 2009, 10:02 AM
RESPA, RESPA, RESPA; Chase expanding; news from Citi, GMAC; rates head back down
Thu, Dec 17 2009, 9:11 AM
Yields are lower this morning following a worse than expected read on the labor market. This is most likely a function of SHORT COVERING after the dat...
Thu, Dec 17 2009, 8:24 AM
Economic activity is picking up and deterioration in the labor market is abating, the Federal Reserve noted yesterday as it kept interest rates at his...
Thu, Dec 17 2009, 5:32 PM
Thu, Dec 17 2009, 4:08 PM
Both benchmark Treasuries and "rate sheet influential" MBS coupons fared well today, albeit in light volume but that is neither here nor there if you ...
Thu, Dec 17 2009, 4:07 PM
The Mortgage Bankers Association is reporting that independent mortgage banks and subsidiaries saw a substantial decline in profit margins in the thir...
Thu, Dec 17 2009, 4:01 PM
Interest rates as reported by both Freddie Mac and Fannie Mae increased during the week recently ended. A Freddie Mac spokesman attributed the increa...
Thu, Dec 17 2009, 2:27 PM
Prior to yesterday's rule change, if the borrower understated his income by more than 25%, the servicer was required to re-qualify the borrower for a ...
Thu, Dec 17 2009, 2:04 PM
Thu, Dec 17 2009, 1:58 PM
I advised yesterday that if you are a risk taker that floating could pay off, well it did. At the open we saw better rate sheets and as the day has p...
Wed, Dec 16 2009, 12:46 PM
In the most recent release, new loan application activity increased 0.3 percent on a seasonally adjusted basis from the week ending December 4. The R...
Wed, Dec 16 2009, 12:37 PM
While it is widely accepted that the Fed will keep the current Fed Funds rate at 0 to .25%, many market participants are hoping for minor changes to t...
Wed, Dec 16 2009, 10:37 AM
I have been referring to "Real Money Buyers" on a consistent basis lately.
Heading into year end these "real money accounts" have been the most act...
Wed, Dec 16 2009, 10:00 AM
SAFE Act Update; Down Payment Assistance; Fannie & Freddie in the Future; Yield Curve Chatter
