Tue, Feb 2 2010, 10:16 AM
Economists were expecting to see a small rebound in December Pending Homes Sales following a 16.4% decline in November, they got exactly what they wer...
Tue, Feb 2 2010, 10:07 AM
Fannie Mae Imminent Default Indicator; Borrower Funded Temporary Buydowns; DR Horton Out of the Red; Anti-Flipping Debate
Tue, Feb 2 2010, 8:21 AM
Equity markets are rallying ahead of key housing market data for December. 90 minutes before the opening bell, Dow futures are up 24 points to 10,161...
Mon, Feb 1 2010, 9:53 AM
FDIC Bank Closures and Links; Auto Delinquencies vs. Home Loan Delinquencies; Wells, GMAC Bulletins
Mon, Feb 1 2010, 8:09 AM
It’s a busy week ahead and two hours before Monday’s opening bell investors are optimistic.
Dow futures are up 41 points to 10,058 and S&P 500 futu...
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. ...
Thu, Jan 28 2010, 10:39 AM
Fed mortgage purchase program to end; MGIC & BofA; Citi, USB updates
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, 7:59 AM
News from Asia has pushed the global stock market down after Toyota said it would stop production and sales on eight of its recalled vehicles.
Japa...
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...
Tue, Jan 26 2010, 12:54 PM
Reports from fellow mortgage professionals indicate lenders have passed along better rates this morning. The par 30 year conventional rate mortgage h...
Tue, Jan 26 2010, 11:06 AM
Lenders Using the GFE as Marketing Tool; Lenders Cut by FHA; Condo Approvals; Guidance on Borrowers Facing Imminent Default;
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...
Mon, Jan 25 2010, 10:26 AM
What does the FOMC do? More bank closures; DAP update; SunTrust earnings
Mon, Jan 25 2010, 8:22 AM
The Week Ahead: FOMC Meeting, Housing Prices & Sales, Q4 GDP, $118bn in Treasury Supply
Mon, Jan 25 2010, 3:52 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be worse than Friday. The par 30 year conventional rate mortgage has risen...
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 19 2010, 1:10 PM
Builder confidence in the market for newly built, single-family homes declined one point to 15 in January on continuing concerns about the poor job ma...
Fri, Jan 15 2010, 9:34 AM
Fixed rates were lower for the second week in a row while adjustable rates were mixed according to Freddie Mac's weekly Primary Mortgage Market Survey...
Wed, Jan 13 2010, 4:29 PM
Mortgage Rates improved yesterday afternoon into this morning, however these gains were lost after the 10 year Treasury auction today. While positive ...
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
Wed, Jan 6 2010, 4:21 PM
he focus on the Fed's involvement in the mortgage market has cast a dark shadow over GSE REFORM. I think its time we start discussing HOW TO GET THE F...
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
Tue, Jan 5 2010, 8:14 AM
The decade started off well yesterday with all three US markets soaring by more than 1.50% yesterday. This morning the futures market looks to extend ...
Tue, Jan 5 2010, 2:39 PM
Reports from fellow mortgage professionals do indicate lender rate sheets to be improved from yesterday. The par 30 year conventional rate mortgage ha...
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 . ....
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...
Tue, Dec 29 2009, 12:10 PM
Reports from fellow mortgage professionals indicate mortgage rates to be similar to yesterday’s. The par 30 year conventional rate mortgage remains i...
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...
Wed, Dec 23 2009, 8:03 AM
Markets are looking to push upwards for a fourth consecutive day ahead of several economic releases this morning. Two hours before the open equities ...
Wed, Dec 23 2009, 5:49 PM
So most readers are locked right? At least those of you who are closing in December?
We have been shouting LOCK from the rooftops since early Decem...
Tue, Dec 22 2009, 11:02 AM
Mortgage rates continued to rise yesterday as benchmark Treasury yields moved higher and prices of mortgage backed securities fell. MBS opened the day...
Tue, Dec 22 2009, 10:39 AM
Loan Mods vs. Reps & Warranties; More on RESPA; Higher Priced Mortgages; Indiana & Appraisers
Tue, Dec 22 2009, 8:25 AM
Equities are continuing to extend gains this morning after climbing more than 1% yesterday. Before GDP revisions for the third quarter come out, the D...
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
Mon, Dec 21 2009, 8:31 AM
Equities are looking to a strong open ahead of week that, according to economists, should be full of cheery data before Christmas Day.
One hour be...
Mon, Dec 21 2009, 4:51 PM
I cannot stress this enough...the rates market is very volatile. If you happen to be floating a loan that is expected to close this month...I WOULD LO...
Tue, Dec 15 2009, 4:04 PM
A new survey conducted for Trulia.com and RealtyTrac show that Americans are generally unwilling to consider purchasing a home that has been foreclose...
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, 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
