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...
Tue, Nov 3 2009, 9:55 AM
A primer on MI rescission; news from Wells, Flagstar, Freddie, PMI, FAMC; rates moving lower
Mon, Nov 2 2009, 11:01 AM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in...
Mon, Nov 2 2009, 9:29 AM
USB Expands; CIT Declares Bankruptcy; GMAC & Financial Mortgage Updates;
Mon, Nov 2 2009, 8:15 AM
Volatility in the stock market left equities in a state of pessimism last week. The S&P 500 lost 4.02% in the five trading sessions, including a 2.81%...
Mon, Nov 2 2009, 1:04 PM
Last week ended on positive note for mortgage backed securities and mortgage rates. As stock indexes fell, market participants re-allocated portfolios...
Wed, Oct 28 2009, 8:09 AM
Shares in the S&P 500 have fallen for three consecutive days and on Wednesday futures are extending those losses ahead of fresh data and more Q3 earni...
Wed, Oct 28 2009, 3:42 PM
This month single family new home sales fell for the first time since March. The annual pace of new homes sales was 402,000 sales per year, well below...
Tue, Oct 27 2009, 12:12 PM
This month, the S&P Case Shiller Home Price Index continued to improve as prices in 17 of 20 metro cities increased in August, albeit at a slower pace...
Mon, Oct 26 2009, 7:55 AM
Eight trading days have passed since the Dow crossed 10,000 for the first time in over a year. Yet mixed data and third-quarter earnings since then ha...
Fri, Oct 23 2009, 2:08 PM
Existing-home sales jumped 9.4 percent to an annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2 percen...
Tue, Oct 20 2009, 11:20 AM
New housing starts rose less than expected to 590,000 annualized units, economists were expecting a rise of 610,000 units after a read of 598,000 in A...
Tue, Oct 20 2009, 10:56 AM
Prices of mortgage backed securities posted modest gains yesterday in an uneventful trading session. Intraday gains didn’t warrant reprices for the ...
Tue, Oct 20 2009, 9:22 AM
News from Wells & GMAC; on reverse mortgages, the tax credit, and the commercial sector
Tue, Oct 20 2009, 7:19 AM
US equities are poised to open at fresh one-year highs on Tuesday morning. Sentiment is higher owing to Apple’s post-closing bell announcement that it...
Mon, Oct 19 2009, 12:41 PM
Last week consumers who were floating loans watched mortgage rates rise almost 0.25%. After touching five month lows in the previous week, better tha...
Mon, Oct 19 2009, 9:38 AM
JD Powers Mortgage Servicer Rankings; $8,000 tax credit warning; YSP & FHA news
Mon, Oct 19 2009, 8:31 AM
Last Week saw equities hit 12-month highs across the globe, including in Australia, Hong Kong, India, Russia, Europe, England, Brazil and of course th...
Fri, Oct 2 2009, 2:02 PM
My uncle used to say, "Do not corner something that you know is meaner than you." Or bigger, for that matter. Speaking of big, the numbers yesterday s...
Thu, Oct 1 2009, 8:24 AM
The fourth quarter begins today with a torrent of fresh data, plus speeches from Fed chairman Ben Bernanke and Atlanta Fed president Sandra Pianalto.
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Thu, Oct 1 2009, 2:05 PM
Everyone knows the drill: small originators sell loans to mid-tier investors such as AmTrust or Franklin American, who in turn sell their loans to com...
Thu, Oct 1 2009, 1:22 PM
As the third quarter ended yesterday, mortgage rates were unchanged as prices of mortgage backed securities held to the recent range. Since MBS rall...
Mon, Sep 28 2009, 11:27 AM
Despite mixed economic reports last week, mortgage rates held near four month lows as prices of mortgage-backed securities approached four month highs...
Mon, Sep 28 2009, 9:24 AM
Markets are looking optimistic this morning ahead of an insanely busy week. Monday begins slowly with no major macroeconomic data on the schedule, but...
Mon, Sep 28 2009, 5:48 PM
Out here in California, some in the business have been following the case of 28-yr old Garret Gililland III. Originally from the Sacramento area, he w...
Fri, Sep 18 2009, 1:43 PM
The type of positive economic headlines seen yesterday would normally lead to lower bond prices and higher mortgage rates, but that turned out to be f...
Thu, Sep 17 2009, 12:54 PM
Mixed housing and labor reports caused equity markets to flounder on Thursday morning. Early gains were given up, and after a second climb appeared to...
Thu, Sep 17 2009, 9:43 AM
The total number of housing starts came in at 598k, just 2k below the consensus forecast. But, rather than being driven by single-family starts, the n...
Thu, Sep 17 2009, 8:08 AM
Equity futures are pointing up this morning as investors hope to keep the rally going for a fourth straight day. Since Monday the S&P 500 has gained 3...
Thu, Sep 17 2009, 1:19 PM
Freddie Mac's Primary Mortgage Market Survey for the week ended September 17 reported the third consecutive week of lower rates for fixed rate mortgag...
Thu, Sep 17 2009, 1:12 PM
It was a bumpy ride in the mortgage backed security market yesterday. At the open, MBS moved considerably higher and lenders that issued rate sheets ...
Mon, Sep 14 2009, 12:59 PM
Mortgage rates continue to hold below 5% despite some better than expected economic data last week. As a general rule, better than expected economi...
Mon, Sep 14 2009, 8:34 AM
The week begins on a light note with no major data scheduled for release. However, one week ahead of the Federal Reserve’s Open Market Committee meeti...
Tue, Sep 1 2009, 8:30 AM
Regional reports from around the country have indicated that manufacturing conditions were improving in August, leading analysts to believe that today...
Tue, Sep 1 2009, 1:34 PM
Stock markets opened lower on Tuesday morning, jumped more than 1% on mostly positive data thirty minutes into the session, but in a complete reversal...
Tue, Sep 1 2009, 1:16 PM
Many mortgage lenders began yesterday with a conservative rates strategy after ealy weakness in the mortgage backed securities market. But as the day ...
Mon, Aug 31 2009, 11:36 AM
Even though price action in the secondary market was choppy and economic reports were better than expected, conventional 30 year par mortgage rates he...
Mon, Aug 31 2009, 8:47 AM
Optimism that the economy is recovering in the third quarter has allowed the benchmark S&P 500 to rebound by 52% since early March, but in the past we...
Thu, Aug 20 2009, 8:07 AM
A hefty 4.5% gain in China’s Shanghai stock index led to optimism in European markets today and now, before the open, US equity futures are looking hi...
Tue, Aug 18 2009, 12:47 PM
News hasn’t been stellar this morning but markets are nonetheless recovering from the global sell-off yesterday. Three hours into the session, the S&P...
Tue, Aug 18 2009, 12:44 PM
Following a global sell in equities yesterday, prices of mortgage backed securities rose into a range not visited since late July. The rally in second...
Tue, Aug 18 2009, 9:34 AM
A downturn in housing starts and building permits wasn’t what markets were expecting, but given how well the index had performed in the prior two mont...
Tue, Aug 18 2009, 8:23 AM
Yesterday’s global sell-off caused the S&P 500 to lose 2.43% in a single day, its worst performance in six weeks. Thankfully, US markets are looking u...
Mon, Aug 17 2009, 8:34 AM
After halting four weekly advances in the stock market on Friday, investors are rapidly extending market losses in pre-session trading Monday morning....
Mon, Aug 3 2009, 12:04 PM
The S&P 500 began August by touching the 1,000 mark for the first time since early November. Led by an unexpected gain in construction spending and a ...
Mon, Aug 3 2009, 11:58 AM
Last week mortgage rates were up, then they were down, then they were up, then on Friday they finally moved under 5% again. Following a successful auc...
Mon, Aug 3 2009, 8:12 AM
This week is a busy one for the macroeconomy as markets and analysts will receive some of the first major indicators of how the nation is faring at th...
Wed, Jul 29 2009, 11:59 AM
The roller coaster theme of recent weeks continues. Yesterday mortgage backed securities were unable to hold onto impressive early morning gains follo...
Mon, Jul 27 2009, 11:58 AM
Markets jumped in the minutes after the New Home Sales report posted its biggest one-month leap in eight year, as of noon in Monday’s session all thr...
Mon, Jul 27 2009, 10:46 AM
The morning began with great news for the housing market. Sales of new single-family homes shot up 11% in June ― the biggest one-month jump in eight y...
