Wed, Mar 24 2010, 3:17 PM
Treasury Secretary Geithner, and others testified before the House Financial Services Committee on Tuesday. The crux of the hearing depended on who w...
Tue, Mar 23 2010, 10:13 AM
Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West. This i...
Tue, Mar 23 2010, 8:33 AM
After a sharply lower open yesterday, stocks edged forward in the first hour and continued a steady climb throughout the day to end roughly 0.50% high...
Tue, Mar 23 2010, 5:15 PM
The House Financial Services Committee held a hearing today to discuss the future of Housing Finance- What Should the New System Be Able to Do? So mu...
Mon, Mar 22 2010, 8:58 AM
Financial markets don’t seem pleased by the $940 billion healthcare bill. One morning after the House of Representatives passed the President’s initia...
Mon, Mar 22 2010, 3:04 PM
Fannie Mae has offered its servicers a second method of moving distressed borrowers into permanent HAMP loan modifications. The Alt Mod program is de...
Fri, Mar 19 2010, 8:27 AM
Stocks are mixed after yesterday’s mixed session. A lack of significant data on today’s schedule implies trading could be light, but headlines should ...
Fri, Mar 19 2010, 3:34 PM
Recapping The Week That Was in Housing: Fed Meeting, Builder Confidence, Housing Starts, Building Permits, Financial Reform, Loan Demand, Interest Ra...
Thu, Mar 18 2010, 10:55 AM
Fannie Mae has lowered many of its earlier projections for first quarter residential investment based on lagging home sales in January and February; b...
Thu, Mar 18 2010, 8:19 AM
The day ahead offers several fresh data points and a range of speakers from the Federal Reserve. Traders are being cautious as equity prices are sligh...
Thu, Mar 18 2010, 5:03 PM
Don't expect an extension of the MBS program on April 1. If anything, the Fed will let the market function on its own and evaluate progress. If the la...
Wed, Mar 17 2010, 10:56 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 12, 2010. When the Fed announc...
Wed, Mar 17 2010, 8:02 AM
Despite yesterday’s news that housing starts fell nearly 6% in February, stock markets managed to move upwards yesterday and this morning that upward ...
Tue, Mar 16 2010, 12:09 PM
Those parties who have so far weighed in with reactions to the financial reform legislation proposed by Senator Dodd have pretty much said what they m...
Tue, Mar 16 2010, 10:49 AM
On the eve of the second anniversary of the Bear Stearns collapse, Senator Christopher Dodd released a bill designed to reform much of the financial s...
Tue, Mar 16 2010, 8:11 AM
The dollar is weaker and equities look to open higher as investors await the afternoon policy statement from the Federal Reserve Board.
Two hours b...
Mon, Mar 15 2010, 8:01 AM
Equity markets are mostly lower across the globe Monday, leading US stocks to open sharply lower ahead of a moderately busy schedule.
Two hours bef...
Mon, Mar 15 2010, 3:17 PM
In March, Builder confidence lost the small amount of progress seen in February, falling two points to 15 where the index sat in January. The NAHB c...
Mon, Mar 15 2010, 2:40 PM
Treasury and HUD are reporting that the number of homeowners who have converted to a permanent loan modification status under the Making Home Affordab...
Fri, Mar 12 2010, 12:51 PM
Fitch Ratings is warning that the expiring homebuyer tax credits, the end of the Fed's MBS Purchase Program, and the growing maturity of various gover...
Fri, Mar 12 2010, 12:04 PM
Every year USDA runs out of money for their fundings and normally you are not affected by this however, this year is very different. The USDA Section ...
Fri, Mar 12 2010, 10:43 AM
If you want to sell Freddie Mac an interest only loan, the application must be dated prior to June 13, 2010 and you better get LP approval before then...
Fri, Mar 12 2010, 9:46 AM
In the week ending March 10, 2010, the Federal Reserve purchased a gross total of $29.4 billion agency MBS. In that week the Fed sold $19.4 billion m...
Fri, Mar 12 2010, 8:06 AM
Equities are higher and the dollar is weaker following positive data from Europe and ahead of key retail sales numbers at home.
More than two hours...
Thu, Mar 11 2010, 8:21 AM
Speculation that China may have to tighten its economic policy is pulling investor sentiment lower this morning. Amid positive data on industrial prod...
Thu, Mar 11 2010, 5:25 PM
Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions declined 2 percent from January. A total of 308,524 pro...
Thu, Mar 11 2010, 2:40 PM
FHA Commissioner David Stevens is scheduled to tell a House Subcommittee this afternoon that raising the required minimum down payment of an FHA mortg...
Wed, Mar 10 2010, 12:09 PM
I wish I had some great news to pass along to you in regard to a noteworthy increase in loan application activity....but I don't. Most housing and mor...
Wed, Mar 10 2010, 8:22 AM
Investors this morning await the first real data to be released this week. But wholesale trade inventories isn’t a major market mover, nor is the afte...
Wed, Mar 10 2010, 2:26 PM
FICO data indicates that low risk customers are now more likely to become delinquent or default on their mortgages than they are to fail to make credi...
Tue, Mar 9 2010, 8:08 AM
Equity futures are firmly lower this morning following a mixed session yesterday. MND's Adam Quinones says weakness in stocks and the flight to qualit...
Tue, Mar 9 2010, 3:45 PM
The Mortgage Bankers Association says that multifamily and commercial mortgages had lower delinquency rates and charge-offs during the last two years ...
Tue, Mar 9 2010, 3:37 PM
The Department of Housing and Urban Development is reporting that over 3,000 HUD funded groups have complied with reporting requirements regarding hir...
Mon, Mar 8 2010, 8:20 AM
Equity futures are moderately higher ahead of a fairly light week. Dow futures are trading 18 points higher at 10,563 and S&P 500 futures are up a 2 p...
Mon, Mar 8 2010, 3:35 PM
MBA, ABA, AFSA and 11 state lending groups have expressed concern to HUD over proposed regulations that will require mortgage servicers to use license...
Mon, Mar 8 2010, 3:11 PM
Both Fannie Mae and Freddie Mac reported that the average rate for fixed rate and most adjustable rate mortgages declined during the last week. Fredd...
Fri, Mar 5 2010, 10:06 AM
As proposed in a November 30, 2009, proposed rule (74 FR 62521), HUD is seeking to eliminate FHA approval for loan correspondents. Because this rulem...
Fri, Mar 5 2010, 8:15 AM
Equity futures are firmly higher this morning ahead of February employment numbers. Payrolls are expected to continue declining but investors are reac...
Thu, Mar 4 2010, 12:41 PM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8...
Thu, Mar 4 2010, 8:19 AM
The futures market is pretty quiet this morning as investors await the jobless claims report today and the month’s unemployment report tomorrow. Also ...
Thu, Mar 4 2010, 3:52 PM
In the week ending March 4, 2010, the Federal Reserve purchased a net total of $10.00 billion agency MBS. This $1 billion decline from the previous re...
Wed, Mar 3 2010, 8:07 AM
It’s a busy day ahead as investors will eye key data on the manufacturing industry and receive one of the top forecasting tools for the monthly employ...
Wed, Mar 3 2010, 4:06 PM
Lock desks got busy toward the end of last week as rates dipped and coverage on it picked up (at least on MND). We believe current mortgage rates are...
Wed, Mar 3 2010, 3:48 PM
Freddie Mac's Monthly Volume Summary shows that loan delinquencies continue to mount and now represent 4.04 percent of its total loans. At the same t...
Tue, Mar 2 2010, 8:14 AM
Relative to how busy this week is, Tuesday’s economic calendar is pretty slow. Aside from the weekly retail sales surveys, no major economic data will...
Mon, Mar 1 2010, 10:20 AM
Residential construction was at a seasonally adjusted annual rate of $260.8 billion in January, 1.3 percent above the revised December estimate of $25...
Mon, Mar 1 2010, 8:25 AM
Markets are optimistic ahead of another busy week of data. Equities are looking for a higher opening, commodities are mixed, the dollar is slightly up...
Mon, Mar 1 2010, 3:50 PM
The Federal Housing Finance Agency announced today that it Home Affordable Refinance Program will be extended until June 30, 2011. The program is aim...
Mon, Mar 1 2010, 3:23 PM
The U.S. Department of Housing and Urban Development, in partnership with the Loan Modification Scam Prevention Network, today announced the launch of...
Fri, Feb 26 2010, 11:53 AM
Freddie Mac (NYSE: FRE) announced today that on or about September 1, 2010, the company will cease purchasing and securitizing interest only mortgages...
