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MBS Day Ahead: Aimless Week, Downbeat Home Sales Forecast, and Technical Silver Lining
Wed, 23 Apr 2014 11:00:04 GMT

Posted To: MBS CommentaryThe first two days back from the extended weekend have been surprisingly uneventful, and that's saying something considering they were already likely to be fairly quiet. There hasn't been much by way of potential mark..[read more]

MBS RECAP: Bond Markets Trickle Back to Positive Territory
Tue, 22 Apr 2014 20:06:39 GMT

Posted To: MBS CommentaryThe overarching caveat for any assessment of today's market activity is that the whole thing occurred in a relatively tight range. Sustained highs and lows were in a 4/32nds range in MBS and just over 2bps in 10yr yields...[read more]

Mortgage Rates Drift Higher Again
Tue, 22 Apr 2014 18:47:00 GMT

Posted To: Mortgage Rate WatchMortgage rates drifted higher for the second straight day despite a relatively flat day for underlying bond markets. Rates pushed into their 2-week highs yesterday, but are still well under the levels seen in the first w..[read more]

Applications, Prices, and Condo Sales Get Second Look
Tue, 22 Apr 2014 17:57:54 GMT

Posted To: MND NewsWireRecent postings on CoreLogic's Insights Blog have a couple of different views of some of the housing numbers generally taken at face value by those of us who follow them. Mortgage applications, cash sales, and home prices all g..[read more]

MBS MID-DAY: Quick Move Back to Unchanged After Weaker Morning
Tue, 22 Apr 2014 16:07:16 GMT

Posted To: MBS CommentaryStocks and bonds have been in relative lock-step for much of 2014 (stock prices and bond yields moving in same direction, aka 'stock lever'). The correlation had been on hold to a large degree over the past few sessio..[read more]

Existing Home Sales Languishing in 2014
Tue, 22 Apr 2014 15:31:46 GMT

Posted To: MND NewsWireSales of existing homes were essentially unchanged in March compared to February the National Association of Realtors® (NAR) said today. Home prices continued to increase in March but the growth has now slowed from previous..[read more]

Measures of Housing Distress at 7+ Year Lows
Tue, 22 Apr 2014 14:30:59 GMT

Posted To: MND NewsWireBlack Knight Financial Services said today that the mortgage delinquency rate in March was the lowest in the U.S. since October 2007 and the foreclosure rate was the lowest since October 2008. September 2008 is the date most co..[read more]

Non-QM Loan Webinar; TD Bank's No MI Program; New Jumbo Program From ResMac
Tue, 22 Apr 2014 14:17:51 GMT

Posted To: Pipeline PressHere's a little trivia for you. This week I am in Minnesota and Kansas, but 4,000 miles away not a single one of the country's ten biggest banks, including Bank of America, Chase, Citi, and Wells Fargo, has a retail location ..[read more]

MBS Day Ahead: More Meaningful Economic Data, Treasury Auctions Begin, Vacations End
Tue, 22 Apr 2014 12:00:05 GMT

Posted To: MBS CommentaryGlobal financial markets were unequivocally still out on holiday breaks yesterday--unofficially in the US and officially in Europe. There were no major reactions to Geopolitical headlines or any other substantive market mover..[read more]

MBS RECAP: Bond Markets Weaker, but Staying Inside Last Week's Range
Mon, 21 Apr 2014 19:57:20 GMT

Posted To: MBS CommentaryThe trading day was an insult to anyone attempting to pay any attention today. Considering it was the slowest day of the year (including early closes ahead of holidays), it didn't take much effort by traders to move price..[read more]

Mortgage Rates Edge up to 2-Week Highs
Mon, 21 Apr 2014 19:13:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were just slightly higher today, extending a more forceful move higher last Thursday. Whereas markets reacted to deescalating tension in Ukraine and stronger domestic economic reports last week, the curren..[read more]

MBS MID-DAY: Holiday Weekend Unofficially Extending Today
Mon, 21 Apr 2014 16:09:44 GMT

Posted To: MBS CommentaryIf bond market activity is any indication, today might as well be another day of the extended holiday weekend. In fact, this is officially the case in Europe, which is part of the reason things are off to a slow start in the ..[read more]

Home Remodeling Growth Projections Extended
Mon, 21 Apr 2014 13:36:35 GMT

Posted To: MND NewsWireHome remodeling remains strong throughout the country although it has begun to experience some of the moderation that has been predicted since late last year. The Remodeling Futures Program at the Joint Center for Housing Studi..[read more]

Ocwen Freezes Servicing Deals; US Bank Earnings; Another Stated Income Program
Mon, 21 Apr 2014 13:32:05 GMT

Posted To: Pipeline PressThe commentary on Saturday noted predictions for 2014, and how things were shaping up so far. Attorney Phil Stein observed, "Here is another issue to consider about how 2014 is shaping up so far. The tide really seems to be t..[read more]

MBS Week Ahead: Limited Data and Events Leave Focus on Headlines
Mon, 21 Apr 2014 11:51:03 GMT

Posted To: MBS CommentaryJust a few short days after the ostensible deescalation in Ukraine following Thursday's Geneva talks, violence broke out over the weekend with a shootout between pro-Russia activists and unidentified gunmen. Russia quickl..[read more]

CFPB Disclosure Form News; Create Your Freddie User Profile; How is April Looking for Lenders?
Fri, 18 Apr 2014 13:52:45 GMT

Posted To: Pipeline PressTommy LaSorda supposedly said, "I found out that it's not good to talk about my troubles: 80% of the people who hear them don't care and the other 20% are glad you're having trouble." Many mortgage banking analysts are concer..[read more]

MBS RECAP: Moderate Selling Followed by Heavy Selling and Tons of Reprices
Thu, 17 Apr 2014 19:02:59 GMT

Posted To: MBS CommentaryBond markets had a bad day. The setup for this one started as early as Tuesday, when what looked like a shift toward weakness on Monday was instead greeted with a refreshing amount of resilience. Despite the fact that the res..[read more]

Mortgage Rates Sharply Higher to End The Week
Thu, 17 Apr 2014 18:38:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved sharply higher today on a combination of factors including strong economic data, developments in Ukraine, and prevailing market momentum. That momentum risked turning negative as soon as Monday, when..[read more]

MBS MID-DAY: Bond Markets Weaker After Economic Data Prompting Negative Reprices for Mortgage Rates
Thu, 17 Apr 2014 15:34:17 GMT

Posted To: MBS CommentaryGiven the recent adherence to a sideways range in bond markets combined with today's economic data coming in stronger than expected, it's not surprising to see yields moving from a lower rung on the range-bound ladder..[read more]

Homes in Foreclosure Increasingly have Positive Equity
Thu, 17 Apr 2014 14:38:33 GMT

Posted To: MND NewsWireHomes with serious negative equity numbers have now declined to the lowest point in at least two years RealtyTrac said today. The company, which began tracking so-called underwater properties in the first quarter of 2012, estim..[read more]

Purchases Continue Taking Market Share; FICOs Trending Lower
Thu, 17 Apr 2014 13:53:06 GMT

Posted To: MND NewsWireEllie Mae's Origination Insight Report said today that 40 percent of mortgage loans closed in March were originated for refinancing and 60 percent for home purchases. In February the split was 43/57 percent. The March figure wa..[read more]

The Connection Between Financial Literacy, Millenials, and First Time Home Buyers
Thu, 17 Apr 2014 13:50:01 GMT

Posted To: Pipeline PressHome affordability is not a modern problem. In Zillow's In Search of Affordability , Krishna Rao writes, "Across the United States, strong home price affordability has been recently eroded by a combination of rising home pric..[read more]

MBS Day Ahead: Biggest Economic Data of the Week; Bond Markets Close at 2pm
Thu, 17 Apr 2014 11:51:03 GMT

Posted To: MBS CommentaryAt the beginning of the week, we discussed the shared fate between stocks and bonds, noting that they'd been exceptionally well-connected of late and that both were approaching the later phases of a move lower (in price f..[read more]

MBS RECAP: Sharply Sideways Day for Bond Markets
Wed, 16 Apr 2014 19:17:42 GMT

Posted To: MBS CommentaryAs of the 3pm Treasury pit close (the unofficial end of the day for bond markets), little, if anything has changed from this morning. Despite having a wide variety of potential market movers in play, bond markets instead saw ..[read more]

Mortgage Rates Slightly Higher, but Remain Near Recent Lows
Wed, 16 Apr 2014 17:43:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were slightly highe r today as investors continued to pull back from yesterday's geopolitically motivated buying spree. Tensions in Ukraine had created a short term spike in demand for fixed income securit..[read more]

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