Tue, Nov 17 2009, 8:30 AM
The long end of the yield curve has recovered two weeks of steepening in the past two days.n 10s, buying beget more buying as open short positions wer...
Tue, Nov 17 2009, 8:08 AM
Equity markets are looking down before the bell but the losses are modest compared to the Monday rally.
S&P 500 futures are off 2.1 points to 1,10...
Tue, Nov 17 2009, 5:01 PM
Tue, Nov 17 2009, 4:36 PM
Attorney General Eric Holder today announced the formation of an interagency task force to investigate and prosecute financial fraud. The group will ...
Tue, Nov 17 2009, 3:47 PM
As mortgage-backs make their way towards the exits, prices are holding near unchanged on the day. The FN 4.0 is +0-01 at 99-17 yielding 4.053% and th...
Tue, Nov 17 2009, 2:01 PM
Tue, Nov 17 2009, 1:29 PM
The November Housing Market Index was unchanged from October's downwardly revised level of 17. The component gauging current sales conditions and the...
Tue, Nov 17 2009, 1:17 PM
National credit agency TransUnion reported today that, while mortgage delinquency rates continue to rise and have reached record levels, the rate of i...
Mon, Nov 16 2009, 10:57 AM
Mon, Nov 16 2009, 10:27 AM
Reports from fellow mortgage professionals indicate mortgage rates are holding steady, near last week's aggressive closing levels. The par 30 year co...
Mon, Nov 16 2009, 10:02 AM
GM & GMAC, Fannie, PMI, CitiMortgage, Caliper news; fraud in Nor Cal
Mon, Nov 16 2009, 9:23 AM
The Week Ahead is busy, lots of data and Fed speakers. The trade tactic we anticipate to be a rates money mover...the unwinding of the yield curve STE...
Mon, Nov 16 2009, 7:59 AM
The week begins with a bang but ends with a whimper. A storm of data hits markets on Monday with retail sales an hour before the opening bell, plus th...
Mon, Nov 16 2009, 5:15 PM
Mon, Nov 16 2009, 5:14 PM
Federal Reserve Chairman Ben Bernanke today spoke at the Economic Club of New York. The topic of his speech was the Outlook for the Economy and Policy...
Mon, Nov 16 2009, 3:38 PM
As the session draws closer to close, the FN 4.0 is +0-18 at 99-22 yielding 4.035% and the FN 4.5 is +0-08 at 102-01 yielding 4.252%. The secondary m...
Mon, Nov 16 2009, 1:56 PM
Fri, Nov 13 2009, 10:59 AM
While intraday trade flows dont necessarily represent a long term strategy in the rates market, there is still reason to mark and highlight this event...
Fri, Nov 13 2009, 8:53 AM
Freddie's '10 loan limits; news from SunTrust, AgFirst, CMBA, TBI, Flagstar, USBHM
Fri, Nov 13 2009, 8:32 AM
Fri, Nov 13 2009, 8:10 AM
With the Dow climbing for six consecutive days and breaking fresh 13-month highs, the 0.91% sell-off yesterday was prompted more by timely profit-taki...
Fri, Nov 13 2009, 5:45 PM
Fri, Nov 13 2009, 4:48 PM
"Social media marketing is here to stay" could very well be chalked up as the understatement of the year. Social media marketing has been on the rise ...
Fri, Nov 13 2009, 3:54 PM
Heading into the 5pm marking period, the FN 4.0 is +0-08 at 99-05 yielding 4.09% and the FN 4.5 is trading +0-08 at 101-24 yielding 4.287%. The seco...
Fri, Nov 13 2009, 1:47 PM
Fri, Nov 13 2009, 1:24 PM
It was a busy day in the rates market yesterday. Although several data releases needed to be digested, the main event was the 30 year bond auction. R...
Thu, Nov 12 2009, 12:45 PM
Early reports from fellow mortgage professionals indicate mortgage rates holding steady. The par 30 year conventional rate mortgage remains in the 4....
Thu, Nov 12 2009, 11:22 AM
Not a bad concession built into the long bond before the auction. That said, 30s are somewhat oversold at the moment, currently testing yield levels n...
Thu, Nov 12 2009, 10:11 AM
JP Morgan Chase Hiring Originators; YSP, RESPA, DU 8.0 Chatter; news from Flagstar and PennyMac
Thu, Nov 12 2009, 8:48 AM
In this week's release, which reports on loan application activity for the week ending November 6, 2009, demand for new mortgage loans increased 3.2% ...
Thu, Nov 12 2009, 8:36 AM
Thu, Nov 12 2009, 8:28 AM
In terms of data releases the week is only beginning now. Stocks have been rising this week led by the Dow hitting a 13-month high Tuesday and continu...
Thu, Nov 12 2009, 5:58 PM
Thu, Nov 12 2009, 5:15 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the four trading days between November 5 a...
Thu, Nov 12 2009, 3:26 PM
I've been hesitant to address this issue while I've watched it slowly unfold, but perhaps now is a good time to raise the red flag. Lackluster demand ...
Thu, Nov 12 2009, 2:02 PM
The annual independent audit report of FHA capital reserves published today shows that, while the reserve ratio has dropped below the level mandated b...
Thu, Nov 12 2009, 2:01 PM
Mortgages continued to hold firm with average rates below 5 percent for both long and short term loans. The 30-year FRM has now been below 5 percent ...
Thu, Nov 12 2009, 1:28 PM
Thu, Nov 12 2009, 1:02 PM
Wed, Nov 11 2009, 9:17 AM
Tue, Nov 10 2009, 12:24 PM
Reports from fellow mortgage professionals indicate mortgage rates are marginally improved from yesterday. This keeps the par 30 year conventional ra...
Tue, Nov 10 2009, 11:18 AM
Tue, Nov 10 2009, 10:01 AM
The Federal Reserve's Senior Loan Officer Survey for October shows that banks are still tightening their lending standards, although not with the freq...
Tue, Nov 10 2009, 9:46 AM
Mortgage Insurance Incontestability Opinion; Tax Credit; Flagstar Update; Where are Rates Going?
Tue, Nov 10 2009, 9:20 AM
At the moment, the December FN 4.0 is +0-06 at 98-23 and the FN 4.5 is trading +0-05 at 101-08. Because we are right in the middle of the settlement p...
Tue, Nov 10 2009, 8:09 AM
Investors look hesitant to keep the rally going. The S&P 500 has climbed 5.5% on six straight days of gains and the Dow hit a 13-month yesterday at 10...
Tue, Nov 10 2009, 5:11 PM
Tue, Nov 10 2009, 4:42 PM
The Treasury Department announced Tuesday morning that its Making Home Affordable Program (HAMP) now has more than 650,000 mortgage modifications unde...
Tue, Nov 10 2009, 3:46 PM
The FN 4.0 is trading +0-02 at 98-19 yielding 4.146% and the FN 4.5 is +0-02 at 101-05 yielding 4.359%. The secondary market current coupon is 4.253%...
Tue, Nov 10 2009, 2:02 PM
We've been getting a lot of questions about the particulars of the Home Buyer Tax Credit Extension. While I wish we could take credit for the abundanc...
