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 25 2009, 8:09 AM
Two hours before the opening bell and one hour before three major data points hit the markets, stocks are looking to recovery from yesterday’s modest ...
Wed, Nov 25 2009, 1:02 PM
Rates rallied yesterday following a strong 5 year note auction. This helped pave the way for higher MBS prices and lower mortgage rates. By day's end ...
Tue, Nov 24 2009, 10:51 AM
U.S. home prices, as measured by the 20 city index rose by 0.3% on a month over month basis, less than the anticipated 0.8% gain. The 10-city index r...
Tue, Nov 24 2009, 10:15 AM
Mortgage modification divisions hiring; Large number of investor updates - why during a holiday week?
Mon, Nov 23 2009, 10:48 AM
Last week ended basically where it began with prices of mortgage backed securities moving sideways near record highs and mortgage rates holding steady...
Mon, Nov 23 2009, 10:28 AM
Loan Pricing Observations; 401(k) Ramblings; Investor Updates: Wells, Flagstar, AmTrust
Mon, Nov 23 2009, 8:09 AM
The US dollar is weaker, equities are higher, and gold is soaring. That’s how the Thanksgiving-shortened week is beginning after markets slid back lat...
Mon, Nov 23 2009, 2:14 PM
Existing-home sales surged 10.1 percent to an annual rate of 6.10 million units in October from a downwardly revised pace of 5.54 million in September...
Fri, Nov 20 2009, 10:31 AM
While benchmark interest rates continue to chop around in a contained range, mortgage-backed securities have moved sideways, failing to make much prog...
Tue, Nov 10 2009, 4:42 PM
The Treasury Department announced Tuesday morning that its Making Home Affordable Program (HAMP) now has more than 650,000 mortgage modifications unde...
Thu, Nov 5 2009, 2:02 PM
Both long and short term interest rates declined during the week ended November 5 according to data released by Freddie Mac and Fannie Mae. All rates...
Wed, Nov 4 2009, 12:09 PM
Mortgage rates ticked higher yesterday as prices of mortgage backed securities were pressured lower by a selloff in the long end of the Treasury yield...
Tue, Nov 3 2009, 12:16 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to yesterday afternoon’s. This keeps the par 30 year conventiona...
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...
Fri, Oct 30 2009, 12:56 PM
The resolution would extend the present conventional loan limits for Fannie and Freddie through the 2010 calendar year at 125 percent of local median ...
Fri, Oct 30 2009, 9:34 AM
Loan limit & tax credit updates; USB, Flagstar, Freddie, and GMAC news; Treasury purchase program ends
Thu, Oct 29 2009, 12:58 PM
Mortgage rates fell a few basis points yesterday as benchmark Treasury yields moved lower in the range. The extended rally in the rates market helped ...
Thu, Oct 29 2009, 9:38 AM
Price Bubbles 101; Tax Credit Update; Updates from BofA & USB
Thu, Oct 29 2009, 7:52 AM
quities were slashed yesterday after the new home sales report posted an unexpected 3.6% decline for September. The S&P 500 fell 1.95%, the Nasdaq she...
Thu, Oct 29 2009, 2:59 PM
Mortgage rates for the last week have remained relatively unchanged according to information released by Freddie Mac from its weekly Primary Mortgage ...
Wed, Oct 28 2009, 11:28 AM
Following the seemingly bottomless rates selloff that occurred on Monday, benchmark Treasury and MBS prices underwent a corrective rally yesterday. Bu...
Wed, Oct 28 2009, 9:43 AM
FHA video; New Apps Dropping; Citi and Flagstar Updates; Rates Improving
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...
Tue, Oct 27 2009, 11:14 AM
Mortgage rates were pushed higher yesterday after benchmark Treasury yields moved higher, outside the well defined range that has kept rates relativel...
Mon, Oct 26 2009, 10:30 AM
Capmark's Bankruptcy; ING, GMAC, USB Updates; HASP HFA Bond Program;10-yr Breaks 3.50%;
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, 11:06 AM
Reports from fellow mortgage professionals indicate lender rate sheets are similar to what we had yesterday morning. The par rate for a conventional ...
Fri, Oct 23 2009, 9:49 AM
HVCC Phase out? BB&T's Warehouse Commitment; SunTrust Earnings; Fed still buying MBS's
Fri, Oct 23 2009, 8:02 AM
Equity futures are flat to slightly lower this morning after shares in the S&P 500 jumped 1.06% yesterday. Today markets will received fresh data for ...
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...
Thu, Oct 22 2009, 8:07 AM
Equity markets in the US have been falling for two consecutive days. Ahead of several data reports, speeches from Federal Reserve officials, and a del...
Wed, Oct 21 2009, 12:21 PM
Reports from fellow mortgage professionals indicate that lender rate sheets are slightly worse today. The par 30 year conventional fixed mortgage rat...
Wed, Oct 21 2009, 4:05 PM
The Senate Banking Committee held a hearing on Tuesday as part of its consideration of a proposal to extend the November 30 end date of the homebuyers...
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...
Thu, Oct 15 2009, 9:25 AM
2010 mortgage production estimates; interest rate conjecture; FHA changes; does your biz rely on the tax credit?
Wed, Oct 14 2009, 11:27 AM
The Mortgage Bankers Association has issued an economic forecast that projects further increases in unemployment but continued low interest rates, hig...
Tue, Oct 6 2009, 1:28 PM
“Keep skunks and bankers at a distance” so the old saying goes. Mortgage bankers may have to ignore that saying, however, given some National Mortgage...
