Wed, Apr 7 2010, 12:54 PM
The National Association of Realtors is reporting that sales of vacation homes rose at a greater rate than overall home sales in 2009. Investment-hom...
Tue, Apr 6 2010, 10:25 AM
More flood insurance updates worth noting; seller financing increasing; problems with modifying 2nds
Tue, Apr 6 2010, 5:19 PM
Treasury yields did move lower today and MBS prices rose which has allowed lenders to offer better pricing. With that said, I continue to favor floati...
Mon, Apr 5 2010, 8:34 AM
The Dow closed last Thursday at an 18-month high, and with equity investors now able to react to Friday’s nonfarm payrolls report, the market should o...
Mon, Apr 5 2010, 4:33 PM
The week ahead is fairly light on economic data with the highest impacting events coming starting on Tuesday with the release of the minutes of the mo...
Mon, Apr 5 2010, 1:42 PM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90...
Thu, Apr 1 2010, 11:11 AM
Total construction spending fell for a fourth straight month in February to the slowest pace since November 2002. While I do not doubt that constructi...
Tue, Mar 30 2010, 4:44 PM
David M.Blitzer, Chairman of the Index Committee at Standard & Poor’s, communicated the findings of the report quite well. “The report is mixed. While...
Mon, Mar 29 2010, 10:48 AM
Flood Insurance Program Not Extended; FHA MIP Reminder; Wells Fargo Jumbo Rollout; PIMCO Hiring; Bank Failures
Thu, Mar 25 2010, 11:23 AM
Loan Modification Buybacks; ACORN Closing State Chapters; Bank of America's FHA Flipping Policy & Principal Reduction Plan;
Wed, Mar 24 2010, 10:50 AM
After two days of a boring, low volume driven sideways tight range trading, rates volume has skyrocketed into this sell off with the majority of sell ...
Wed, Mar 24 2010, 9:53 AM
New FHA Compliance Manager; Long Road of Housing Reform Ahead; Short Sale Primer; PMI Freddie Mac Approved; FHA Delinquencies, Broker Pricing Opinions...
Wed, Mar 24 2010, 8:18 AM
The US dollar is strengthening and equity futures are sharply lower this morning ahead of key housing and durable goods data. Yesterday the Dow streng...
Wed, Mar 24 2010, 5:53 PM
Benchmark interest rates started rising early in the trading session, before MBS trading officially opened at 8am. Positive Durable Goods Orders data ...
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, 4:55 PM
The par 30 year conventional rate mortgage has once again declined to the 4.75% to 5.00% range for well qualified consumers .Over the past two days be...
Mon, Mar 22 2010, 11:04 AM
Citi "Re-Entering" Correspondent Channel; Reverse Mortgages; Updates From Almost Every Major Lender; Seven Bank Failures
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, 5:01 PM
It was a very slow day in the mortgage market. Mortgage-backed security prices opened lower which forced many lenders to publish mortgage rates higher...
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...
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 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, 10:57 AM
Lender Implementation of FHA Flipping Guideline; SAFE Act Still Weighs on Originators, Thornburg Execs in Trouble
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, 5:04 PM
Tomorrow we get the official government numbers on the employment situation. This is the most influential report offered on a monthly basis. Job cre...
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, 10:13 AM
Mandatory Loan Commitment Speedbump? GSE Earnings; Interest Only Loans a Thing of the Past; More on HUD, RESPA, and the GFE
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, 4:14 PM
The week ahead is busy with the highest impacting report scheduled to be released on Friday morning. Reports from fellow mortgage professionals indica...
Fri, Feb 26 2010, 10:33 AM
Fri, Feb 26 2010, 8:18 AM
Since Monday the benchmark S&P 500 has tumbled 0.56% but with fresh data on housing, growth, manufacturing, and consumer sentiment all before Noon, th...
Thu, Feb 25 2010, 10:45 AM
Stories from the Street; Loan Apps Continue to Slow; Commercial Default Rates; Freddie's Results, Updates from Wells and US Bank
Thu, Feb 25 2010, 8:28 AM
Investors are once again concerned about risk as Greece continues to make headlines. Equity futures are sharply lower and appear likely to erase a goo...
Thu, Feb 25 2010, 2:41 PM
Freddie Mac and Fannie Mae have released data on average interest rates over the most recent week. Both reported an increase in long term and fixed r...
Wed, Feb 24 2010, 9:59 AM
The annual pace of New Home Sales fell to a new record low in January. This was the fourth consecutive month New Home Sales slid and the largest month...
Wed, Feb 24 2010, 9:56 AM
Mortgage Insurance Pricing; Radian's Loss Narrows; NAR Non-Profit Proposal; Tips from Wells Fargo
Wed, Feb 24 2010, 8:06 AM
The market is roughly flat ahead of January housing data and testimony from Federal Reserve chairman Ben Bernanke.
90 minutes before the opening b...
Wed, Feb 24 2010, 4:34 PM
I have been saying all year that mortgage rates will need some sort of major shift in economic outlooks if they are to fall below 4.75% again. A surp...
Mon, Feb 22 2010, 10:55 AM
Obama's Newest Housing Initiative; Covered Bonds; Delinquencies Down; FDIC Bank Closures; Lender Updates
Mon, Feb 22 2010, 8:30 AM
Global equities are mostly higher Monday including gains of more than 2% in Japan and Hong Kong. In Europe, where George Provopoulos, governor of the ...
Mon, Feb 22 2010, 6:51 PM
It will be a very busy week of economic data releases and headline news events. We have casually discussed the idea of a short term float position. Th...
Wed, Feb 17 2010, 1:42 PM
Economic forecasting can be both art and science. Reviewing accurate data and reading/listening to legitimate commentary can be valuable in preparing...
Tue, Feb 9 2010, 11:17 AM
Jumbo Loan Delinquencies; BoA and Landsafe; Fannie Mae HomePath Incentive; Pooling and Ratings Agencies;
Thu, Feb 4 2010, 1:03 PM
Mortgage rates rose slightly during the past week according to information released today by both Freddie Mac and Fannie Mae. Only the one-year ARM re...
Wed, Feb 3 2010, 10:39 AM
Appraisal Requirements; No New GSE Loan Programs; Jumbo Products Needed; Itemized Deductions; Several Lender Updates
Tue, Feb 2 2010, 12:51 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to yesterday’s...again. This keeps the par 30 year conventional ...
