Thu, Dec 10 2009, 3:14 PM
To lock or float, that is the question.
In previous months, Treasury yields and mortgage rates have risen prior to bond auctions, however following...
Thu, Dec 10 2009, 2:48 PM
Thu, Dec 10 2009, 1:51 PM
The voice of mortgage originators was broadcast loud and clear by Federal Reserve Governor Elizabeth Duke today. Speaking at the Mortgage Foreclosure ...
Thu, Dec 10 2009, 1:04 PM
JUST LIKE YESTERDAY, THIS AUCTION WAS NOT MET WITH STRONG DEMAND.....something many were expecting, thus rates have barely budged.
Wed, Dec 9 2009, 12:41 PM
"Rate sheet influential" MBS prices plummeted after the auction results. "Rate sheet influential" MBS prices plummeted after the auction results.
Wed, Dec 9 2009, 12:13 PM
Federal Reserve Governor Duke says the downturn in housing has affected communities in many ways, but the effects were largely related to the underlyi...
Wed, Dec 9 2009, 12:06 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be slightly worse than yesterday. While rate sheet rebate is weaker today, t...
Wed, Dec 9 2009, 11:03 AM
As we've seen so often, markets tend to trade along pre-existing ranges toward some sort of inflection point. An oversimplified way to think about th...
Wed, Dec 9 2009, 10:15 AM
This week's report indicated an increase in demand for new mortgage loans. The Market Composite Index rose 8.5%, the purchase index was 4.0% higher, a...
Wed, Dec 9 2009, 10:05 AM
Wells Requiring MERS Registration; Citi's Ineligible Appraiser Monitor; Flagstar & 2-4 Unit Caps, USB, AgFirst - Lots of Updates to Report
Wed, Dec 9 2009, 8:39 AM
101-30 provided support yesterday, something we expect to continue unless the 10yr trades above 3.42%...or.....if the lack of MBS liquidity that set i...
Wed, Dec 9 2009, 8:33 AM
Equities shed 1% yesterday on heightened debt concerns following a Moody’s report voicing worry over the growing debt in the UK and the US. One hour ...
Tue, Dec 8 2009, 11:07 AM
Short-term and long-term charts are telling two decidedly different stories today. If one were to look only at the short-term chart, we would indeed ...
Tue, Dec 8 2009, 10:39 AM
Reports from fellow mortgage professionals indicate improved mortgage rates this morning. The par 30 year conventional mortgage rate has fallen overn...
Tue, Dec 8 2009, 10:04 AM
Citi to Pay Back TARP? New Century vs. SEC; Equitable Trust Suspended; Flagstar, Wells, FAMC Updates
Tue, Dec 8 2009, 9:00 AM
Rate sheet influential MBS coupons are starting out the session in FACEMELTING status. The FN 4.0 is +0-18 at 99-23 yielding 4.035% and the FN 4.5 is ...
Tue, Dec 8 2009, 8:53 AM
Less than an hour before the opening bell, futures on the S&P 500 are down 10 points to 1,103 and the 10 year Treasury note is up 14/32 yielding 3.373...
Tue, Dec 8 2009, 5:33 PM
Taking things one day at a time, we'd have to point out that we're once again closing over 102-00... For any you're floating into tomorrow, pay close...
Tue, Dec 8 2009, 5:32 PM
In written remarks to the House Financial Services Committee, Assistant Treasury Secretary Herbert Allison expressed disappointment in the progress of...
Tue, Dec 8 2009, 4:04 PM
Heading into 5pm "going out" marks, trading flows in the agency MBS market are few and far between. The FN 4.0 is+0-04 at 99-09 yielding 4.099%. The F...
Tue, Dec 8 2009, 2:02 PM
As benchmark TSY rates re-test higher yield levels, trading flows in the TBA MBS market have fizzled out. We went from every offer getting lifted to d...
Mon, Dec 7 2009, 11:32 AM
In an orderly sell off, traders test individual price levels to determine what the market is willing to accept/not accept. This "probing" combined wi...
Mon, Dec 7 2009, 9:46 AM
AmTrust stops taking locks; news from Freddie & SunTrust; rates quiet
Mon, Dec 7 2009, 8:35 AM
After moving outside the range in holiday trading conditions in the week before, rates backed-up in a hurry last week as traders took profits, unwound...
Mon, Dec 7 2009, 8:22 AM
The relatively slow week ahead should give financial markets plenty of time to digest Friday’s employment news, which saw the nation’s unemployment ra...
Mon, Dec 7 2009, 4:51 PM
The Securities and Exchange Commission has charged three former executives of the bankrupt New Century Mortgage with fraud in connection with their ac...
Mon, Dec 7 2009, 3:39 PM
Looks like consumers are leaning on their credit cards again....In October, consumers reduced outstanding debt by $3.5 billion, much less than the $9....
Mon, Dec 7 2009, 2:34 PM
The Mortgage Bankers Association is reporting that delinquencies in commercial loan portfolios rose during the third quarter. Increases were noted in...
Mon, Dec 7 2009, 1:48 PM
Bottom line: everybody is fond of saying that lenders will take away faster than they give it back and it's very likely that Friday was no exception f...
Mon, Dec 7 2009, 1:02 PM
The four day streak of rising mortgage rates extended into Friday following a much better than expected Non-farm payroll report. After reaching 4.50% ...
Fri, Dec 4 2009, 12:57 PM
Today’s report is great news for our economy....unfortunately great news for the economy is better for stocks than bonds. Following the release at 830...
Fri, Dec 4 2009, 10:47 AM
Fri, Dec 4 2009, 9:39 AM
Hope you locked yesterday! Keeping pipelines clean; news from MGIC, Wells, Comerica, HUD
Fri, Dec 4 2009, 8:29 AM
Rates are higher after the data....After coming to a rest directly in the middle of the range ahead of the data, the 10yr is now testing the upper lim...
Fri, Dec 4 2009, 7:49 AM
Equity futures are often flat or in decline before the monthly of release of the unemployment rate and the pace of job losses, but ahead of the Novemb...
Fri, Dec 4 2009, 3:29 PM
We are sticking with our strategy heading into year end. PLAY THE RANGE UNTIL THE RANGE PLAYS YOU.
Fri, Dec 4 2009, 1:09 PM
U.S. mortgage insurers are likely to reject as much as $4 billion in claims by lenders over the next few years as they get more aggressive in pushing ...
Thu, Dec 3 2009, 12:36 PM
if productivity remains at these high levels and demand (output) does not increase , businesses will have less incentive to hire new labor. Given the ...
Thu, Dec 3 2009, 12:03 PM
Tomorrow we get the most important economic report, the Employment Situation. If this data indicates fewer job losses than expected, mortgage rates ...
Thu, Dec 3 2009, 11:34 AM
Thu, Dec 3 2009, 10:03 AM
BofA & TARP; Possible FHA changes; HAFA; a primer on Jobless Claims & Unemployment
Thu, Dec 3 2009, 8:32 AM
RATES ARE MOVING HIGHER IN A HURRY THIS MORNING. The 10yr TSY note is -0-19 at 99-30 yielding 3.384%...This is a function of the market finding it's w...
Thu, Dec 3 2009, 8:27 AM
Investor sentiment was given a boost after the closing bell yesterday when Bank of America announced it will be paying back $45 billion in TARP funds....
