Mon, Feb 1 2010, 1:33 PM
With the Employment Situation report due out later this week and mortgage rates holding at the best levels of the year, I continue to advise locking. ...
Wed, Jan 27 2010, 10:50 AM
Sales of new one-family houses in December 2009 were at a seasonally adjusted annual rate of 342,000. This is 7.6% below the revised for the better No...
Wed, Jan 27 2010, 5:33 PM
MORTGAGE RATES MOVED HIGHER AFTER THE FOMC RELEASE. Reports from fellow mortgage professionals now indicate lender rate sheets to be worse than yester...
Mon, Jan 25 2010, 11:13 AM
After a rising surge from September through November, existing-home sales fell as expected in December after first-time buyers rushed to complete sale...
Thu, Jan 21 2010, 8:25 AM
After shedding more than 1% yesterday equity futures have been volatile Thursday morning as investors anticipate earnings results and fresh economic d...
Wed, Jan 20 2010, 12:47 PM
Building permits rose 10.9% in December to a seasonally adjusted annual rate of 653,000. Housing starts fell 4.0% to a seasonally adjusted annual ra...
Wed, Jan 20 2010, 9:52 AM
FHA tweaks program; Earnings from BofA, Wells, MS; some thoughts on success in 2010
Wed, Jan 20 2010, 8:18 AM
Equity futures are sharply lower this morning as Bank of America reported it had lost $5.2 billion in the fourth quarter. The Republican upset in the ...
Wed, Jan 20 2010, 3:57 PM
Reports from fellow mortgage professionals indicate improved rate sheets this morning. The par 30 year conventional rate mortgage has dipped to the 4...
Tue, Jan 19 2010, 12:57 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be unchanged this morning. The par 30 year conventional rate mortgage remai...
Tue, Jan 19 2010, 10:33 AM
HUD Changes Flip Policy; FDIC First Time Home Buyer Classes; Federal Home Loan Bank IRR Resources; Bank Earnings; Lender Updates
Tue, Jan 19 2010, 8:33 AM
Equities are mixed around the globe but clearly downward in the US. Following a 3-day weekend, one hour before the opening bell, Dow futures are off ...
Tue, Jan 12 2010, 2:17 PM
In spite of issuing a disquieting set of projections for the mortgage industry last month, the Mortgage Bankers Association managed to issue even grim...
Mon, Jan 11 2010, 10:36 AM
SAFE Act Requires Credit Worthy Originator; RESPA Impact on VA Loans; Reverse Mortgage REMIC, Various investor updates
Tue, Jan 5 2010, 10:53 AM
In the data released today, which reported on contract activity in November, the pending home sales index fell more than expected to 96.0 from a revis...
Tue, Jan 5 2010, 10:39 AM
Fed MBS Program Extension Talk; State of Warehouse Lending; Condo Updates from Chase; News from Thornburg, Wells
Mon, Jan 4 2010, 9:25 AM
FHA Fee Capped Removed; Treasury Crosses $2 Trillion in Debt Sales; Pipeline Control Tactics; Updates from GMAC, UBOC, USB, Caliber, and Alerus
Mon, Jan 4 2010, 8:22 AM
“Regulatory and supervisory policies, rather than monetary policies, would have been more effective means of addressing the run-up in house prices . ....
Mon, Jan 4 2010, 1:56 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 5.00 to 5.25% range for well qualified c...
Tue, Dec 29 2009, 12:52 PM
In August, 17 of 20 cities reported month over month appreciations. In September 10 out of 20 cities reported month over month improvements. In Octobe...
Wed, Dec 23 2009, 12:36 PM
Sales of new single family homes fell 11.3% to an annual pace of 355,000 units. This was much lower than consensus estimates of 440,000 annual sales a...
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...
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
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, 10:00 AM
SAFE Act Update; Down Payment Assistance; Fannie & Freddie in the Future; Yield Curve Chatter
Wed, Dec 16 2009, 9:09 AM
NOV HOUSING STARTS +8.9 PCT VS OCT -10.1 PCT (PREV -10.6 PCT)
HOUSING STARTS 574,000 UNIT RATE (CONSENSUS 580,000) VS OCT 527,000 (PREV 529,000)
NOV...
Wed, Dec 16 2009, 8:21 AM
Another busy day awaits markets as the Federal Open Market Committee concludes its final monetary policy meeting of the decade.
Ahead of new Fed s...
Tue, Dec 15 2009, 8:14 AM
An extremely busy day awaits markets as the Federal Open Market Committee kicks off its last two-day meeting of the decade.
Two hours before the op...
Mon, Dec 14 2009, 11:30 AM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 4.75% to 5.00% range for well qualified ...
Mon, Dec 14 2009, 10:01 AM
DU 8.0 Implemented; Citi & TARP payback; Fed Funds and Mortgage Rates; House Passes FIASCO
Mon, Dec 14 2009, 8:28 AM
Looking to data this week, Monday and Friday have no data releases but the other three days are packed. Industrial production, housing starts, and inf...
Mon, Dec 14 2009, 3:22 PM
The most important factor driving recent declines in real estate market activity and increases in delinquencies and foreclosures has been the ongoing ...
Wed, Dec 2 2009, 10:06 AM
RESPA sites; Lend America gone, AmTrust Mortgage still going; conjecture on the Fed & commerical mortgages
Tue, Dec 1 2009, 12:28 PM
FHA Imposes Penalties on Lend America; AmTrust Bank BK; Investor Updates: BoA,Suntrust, Flagstar, Wells
Tue, Dec 1 2009, 12:26 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 4.50% to 4.75% range for well qualified ...
Tue, Dec 1 2009, 10:31 AM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 3.7 percent to 114.1 from 110.0 in September...
Tue, Dec 1 2009, 10:01 AM
Construction spending in October was estimated at a seasonally adjusted annual rate of $910.8 billion, nearly the same as the sharply revised for the ...
Tue, Dec 1 2009, 8:21 AM
As of 7:15, equities are firmly higher. The Dow looks to open 76 points higher at 10,410 while futures on the S&P 500 are up 8.75 points to 1,104. Spo...
Mon, Nov 30 2009, 12:52 PM
Early reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage is holding in the 4.50% to 4.75% range for well q...
Mon, Nov 30 2009, 9:38 AM
Deutsche Bank & BNP Paribas vs. BofA; Dubai's woes help our rates; FHA & Fannie chatter
Mon, Nov 30 2009, 8:37 AM
Across the board investors are worried. Equities are down, Treasuries are soft, crude oil is flat, the dollar is weaker and even gold is in sell-off.
...
Wed, Nov 25 2009, 11:52 AM
Sales of new single family houses rose 6.2% to a rate of 430,000 annual transactions, much better than the market's expectation for 410,000 annual sal...
Wed, Nov 25 2009, 9:58 AM
Working Twice as Hard for Half as Much; FOMC update; HAMP MBS Pools; Multifamily Lending
Wed, Nov 18 2009, 11:25 AM
While we anticipated housing starts and permits would fall in October, today's data was a big surprise to most market participants as economists were...
Wed, Nov 18 2009, 10:03 AM
Primer on the dollar; Are you ready for 2010 volumes? Servicing transfer news from the Fed
Wed, Nov 18 2009, 8:00 AM
Sitting comfortably at 13-month highs, equities are beginning the day moving sideways ahead of data on inflation and the housing market.
The Dow lo...
Wed, Nov 18 2009, 1:29 PM
Reports from fellow mortgage professionals indicates that rates are unchanged from yesterday. This keeps the par 30 year conventional rate mortgage ...
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, 10:27 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
