Mon, May 10 2010, 11:15 AM
Fannie Mae's Book of Business increased substantially in March, reflecting the purchase of delinquent loans from MBS trusts that have not yet be liqui...
Mon, May 10 2010, 8:41 AM
Stocks are trading much higher overseas and equity futures look to open sharply higher in the US as global support for the European debt problem grew ...
Fri, May 7 2010, 8:08 AM
After an insane day in the stock market yesterday, which saw the Dow fall by nearly 1,000 points, or 9.2%, before rebounding and closing with a loss o...
Fri, May 7 2010, 1:28 PM
A Federal Reserve Bank of Atlanta working paper examines the relationship between financial literacy and subprime mortgage delinquencies. They found ...
Thu, May 6 2010, 7:53 AM
Volatility in the US stock market hit a three-month high yesterday as the benchmark S&P 500 has shed 3% in the past two trading days. Equity futures h...
Thu, May 6 2010, 2:29 PM
After three quarters in which it managed to be more or less self-sufficient, Freddie Mac released its financial reports for the first quarter of 2010 ...
Wed, May 5 2010, 11:28 AM
"Purchase application activity continued to increase in the last week of the homebuyer tax credit program, driven by significant increases in both co...
Wed, May 5 2010, 8:15 AM
US equities look to open lower as bad news from Europe continues to dominate the headlines. The latest is that European Central Bank council member Ax...
Wed, May 5 2010, 5:00 PM
What a day. What a week. What a month. Much as happened recently to distract the bond market from it's core strategic motivations. I think we need t...
Tue, May 4 2010, 10:05 AM
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season. The Pending Home Sal...
Tue, May 4 2010, 8:11 AM
European concerns won’t go away. Investors remain focused on the Greek rescue package and what it means for the rest of the Eurozone, and that’s setti...
Tue, May 4 2010, 1:19 PM
The April Senior Loan Officers Survey conducted by the Federal Reserve revealed that most of the banks surveyed are holding steady on loan standards a...
Mon, May 3 2010, 10:49 AM
Homebuilders involved in remodeling are increasingly encouraged about present and future market conditions according to the most recent date released ...
Mon, May 3 2010, 8:24 AM
Overseas stock markets are mostly in the red this morning, but equity futures at home are pointing to a strong open head of spending, manufacturing, a...
Mon, May 3 2010, 2:21 PM
According to the Monthly Volume Summary issued by Freddie Mac, the mortgage related investment portfolio skyrocketed, increasing by an annualized rate...
Fri, Apr 30 2010, 11:29 AM
All of the top 20 metropolitan areas in terms of foreclosure activity are located in only four states according to a report released today by RealtyTr...
Fri, Apr 30 2010, 8:19 AM
Equity futures are modestly higher this morning as investors anticipate the latest developments from Greece as well as three key domestic data release...
Thu, Apr 29 2010, 8:16 AM
Stocks continue to inch upwards this morning as European concerns ease. The Fed’s commitment yesterday to keep monetary policy at “exceptionally low l...
Thu, Apr 29 2010, 4:33 PM
Treasury Secretary Geithner today appeared before the Senate Financial Services and General Govt. Subcommittee. He made the following statement: "I w...
Thu, Apr 29 2010, 4:24 PM
The House Financial Services Committee approved a request by the Federal Housing Administration (FHA) to raise the ceiling on annual FHA mortgage insu...
Wed, Apr 28 2010, 8:11 AM
Stock futures are recovering a portion of yesterday's losses this morning after a sharp sell-off in the final hour of trading Tuesday. No major econom...
Wed, Apr 28 2010, 3:26 PM
No surprises in this data. Purchase apps continue to trend higher as the April 30th tax credit deadline fast approaches. Slowly falling refinance dema...
Wed, Apr 28 2010, 2:24 PM
As expected, the Fed made no mention of selling their mortgage-backed securities portfolio, the "extended period" verbiage was left in place, and inf...
Tue, Apr 27 2010, 11:06 AM
While this release seems scary, I must remind that this report covers FEBRUARY and existing home sales and new home sales were first seen rising in MA...
Tue, Apr 27 2010, 8:23 AM
Stock futures are off this morning as the Federal Reserve prepares to begin its two-day monetary policy meeting and Goldman Sachs readies for a Senate...
Tue, Apr 27 2010, 2:56 PM
Fannie Mae is extending the incentives offered to purchasers of its HomePath REO properties for an additional 50 days beyond the original deadline. T...
Mon, Apr 26 2010, 10:26 AM
"FHA IS THE WAY" has been the motto of many a mortgage banker and broker since the collapse of the secondary mortgage market in 2007. The attached ch...
Mon, Apr 26 2010, 8:38 AM
Stock markets are looking to open the final week of April looking up after the benchmark S&P 500 added 2.1% last week.
Positive earnings results we...
Mon, Apr 26 2010, 3:47 PM
While vacancy rates are appearing to moderate, home ownership in the U.S. has declined to a level last seen at the beginning of the decade according t...
Fri, Apr 23 2010, 11:04 AM
Sales of new single-family houses in March 2010 were at a seasonally adjusted annual rate of 411,000. This is 26.9 percent (±21.1%) above the revised ...
Fri, Apr 23 2010, 9:54 AM
Freddie Mac announced on Thursday that servicers will soon be required to submit all requests for reimbursements through a web based system that will ...
Fri, Apr 23 2010, 8:13 AM
As European equities climb higher on Friday, the US stock market is looking to open on a positive note following a late rally yesterday. Dow futures a...
Fri, Apr 23 2010, 2:54 PM
The House Financial Services Committee has voted unanimously to extend USDA home loan guarantees and to make the program self-finding. The full House...
Thu, Apr 22 2010, 11:25 AM
Expiration of the home buyers' tax credit and looming premium increases were probably behind a dramatic 68 percent increase in FHA mortgage applicati...
Thu, Apr 22 2010, 8:31 AM
Stocks fell across Europe and Asia fell Thursday after Greece revealed that its 2009 deficit was a worse than anticipated 13.6% of GDP, against expect...
Thu, Apr 22 2010, 1:42 PM
The NAR's comments sum up the month best: “The home buyer tax credit has been a resounding success as these underlying trends point to a broad stabili...
Wed, Apr 21 2010, 10:25 AM
Besides the pool of potential homebuyers who might be waiting for the tax credit to expire (in hopes of home prices falling further as a portion of de...
Wed, Apr 21 2010, 8:09 AM
Ahead of earnings statements from Wells Fargo and Morgan Stanley, equity futures are soft this morning while commodity prices are modestly higher.
...
Tue, Apr 20 2010, 12:20 PM
Fannie Mae: "We believe that the recent pickup in mortgage rates will not be sustained. Our view on mortgage rates is little changed from the previous...
Tue, Apr 20 2010, 10:22 AM
We need regulation, but we need it to be implemented with careful consideration from the people who operate in the real life environment. We need ope...
Tue, Apr 20 2010, 8:17 AM
Equity futures are pointing higher this morning after Goldman Sachs clobbered earnings expectations for the first quarter. The controversial Wall Stre...
Mon, Apr 19 2010, 11:31 AM
Robert E. Story, Jr., Chairman of the Mortgage Bankers Association (MBA) told Congress last week that servicers administering government foreclosure p...
Mon, Apr 19 2010, 8:36 AM
With little economic data released until Thursday this week, investor attention should remain focused on first-quarter earnings releases, plus continu...
Fri, Apr 16 2010, 11:09 AM
Goldman Sachs built a mortgage-backed security that was designed to implode in a manner that Paulson & Co. (Not Hank Paulson) could profit from by sh...
Fri, Apr 16 2010, 11:06 AM
"Reform is coming," according to a Treasury Department official who spoke this week to the National Policy Conference 2010 held by the Mortgage Banker...
Fri, Apr 16 2010, 8:22 AM
US equities have been rising for the past six trading days, but even though first-quarter earnings continue to roll in with positive results, the futu...
Fri, Apr 16 2010, 1:29 PM
Building permits are on the rise from record low levels, but builders are not using them, housing starts are essentially stagnant.Isn't that a good th...
Thu, Apr 15 2010, 10:59 AM
Bank representatives speaking to the House Financial Services Committee addressed the problem of second mortgages and boasted of the efforts their ins...
Thu, Apr 15 2010, 8:21 AM
After hitting fresh 52-week highs across the board yesterday, US equities are looking to open slightly lower this morning ahead of a packed schedule. ...
Thu, Apr 15 2010, 3:02 PM
RealtyTrac is reporting that foreclosure rates for both the first quarter of 2010 and for March were up significantly. However, the increase came in ...
