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Real Estate News |
MBS RECAP: 2/22/2012
Wed, 22 Feb 2012 21:16:03 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-12 : +0-13 FNMA 4.0 105-08 : +0-08 FNMA 4.5 106-19 : +0-05 FNMA 5.0 108-02 : +0-04 GNMA 3.5 104-27 : +0-13 GNMA 4.0 107-22 : +0-07 GNMA 4.5 109-03 : +0-06 GNMA 5.0 110..[read more]
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Mortgage Rates Improve But Remain On Fence Between Recent Offerings
Wed, 22 Feb 2012 21:07:00 GMT
Posted To: Mortgage Rate WatchYesterday marked the first time since late January that Best-Execution Mortgages Rates stood at 4.0% on average, as opposed to what had been the prevailing average of 3.875%. Rates improved today for most lenders, severa..[read more]
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Freddie Mac: Economy on Slow, Steady, Path to Recovery
Wed, 22 Feb 2012 20:40:44 GMT
Posted To: MND NewsWireIn the February Economic Outlook from Freddie Mac's Office of the Chief Economist is projecting a slow, steady path to recovery as the economy, it says, continues to build on the momentum it displayed at the end of last year. T..[read more]
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A Call to Action - FHFA's Strategic Plan for Fannie Mae and Freddie Mac
Wed, 22 Feb 2012 19:47:56 GMT
Posted To: Voice of HousingYesterday the Federal Housing Finance Agency (FHFA) issued to Congress its Strategic Plan for Fannie Mae and Freddie Mac Conservatorships. Acting Director DeMarco and FHFA staff are to be soundly commended for their work in..[read more]
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MBS, Treasuries Extend Gains, Giving Pause to Technical Gloom
Wed, 22 Feb 2012 18:56:00 GMT
Posted To: MBS CommentaryFrom a technical standpoint, the past few sessions have been a fairly gloomy scene for MBS and Treasuries--our two representatives from those camps being Fannie 3.5 30yr Fixed MBS and good old 10yr Treasury Notes. The technic..[read more]
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NAR: Existing Home Sales and Inventories Improved in January
Wed, 22 Feb 2012 17:26:59 GMT
Posted To: MND NewsWireThere was more good news from the National Association of Realtors® (NAR) on Wednesday as they reported that the sales of existing homes rose in January, marking three months out of the last four where sales improved. Inven..[read more]
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MERS Has Second Court Win in Month
Wed, 22 Feb 2012 16:39:47 GMT
Posted To: MND NewsWireFor the second time in just under a month the Mortgage Electronic Registration System ( MERS ) has won a significant court victory. The company which serves as registration agent for major mortgage lenders is currently involved..[read more]
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Inspector General Looks at GSE's as Legal Costs Pass $100 Million
Wed, 22 Feb 2012 16:36:59 GMT
Posted To: MND NewsWireBoth before and after they were placed into conservatorship the two government sponsored enterprises Fannie Mae and Freddie Mac (the Enterprises) spent large amounts of money to defend themselves and former senior executives in..[read more]
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MBS MID-DAY: 2/22/2012
Wed, 22 Feb 2012 16:20:58 GMT
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 103-05 : +0-06 FNMA 4.0 105-03 : +0-03 FNMA 4.5 106-16 : +0-02 FNMA 5.0 107-31 : +0-02 GNMA 3.5 104-20 : +0-06 GNMA 4.0 107-18 : +0-03 GNMA 4.5 109-01 : +0-04 GNMA 5.0 1..[read more]
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Fannie and Freddie Future Plans; NMLS Licensee Stats on the Rise
Wed, 22 Feb 2012 15:20:31 GMT
Posted To: Pipeline PressUnder the title, "Too much time on one's hands", anyone involved in the residential construction/remodeling business might find this, uh, interesting . Hiring in the "mortgage space" continues. Altisource's Origination Servic..[read more]
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Mortgage Applications Slow as Average Rates Rise
Wed, 22 Feb 2012 13:52:58 GMT
Posted To: MND NewsWireMortgage applications decreased during the week ended February 17 according to the Weekly Mortgage Applications Survey released this morning by the Mortgage Bankers Association (MBA), The Market Composite Index measuring the vo..[read more]
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The Day Ahead: Existing Home Sales and Week's Most Important Auction
Wed, 22 Feb 2012 06:46:00 GMT
Posted To: MBS CommentaryAs readers may be aware, we're rather fond of being close to utterly dismissive of 2yr Treasury Note Auctions as significant market moving events for the sections of the MBS Coupon Stack that most directly apply to lender's r..[read more]
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MBS RECAP: 2/21/2012
Tue, 21 Feb 2012 21:20:53 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 102-30 : -0-03 FNMA 4.0 104-31 : -0-01 FNMA 4.5 106-14 : +0-01 FNMA 5.0 107-30 : +0-01 GNMA 3.5 104-16 : +0-00 GNMA 4.0 107-16 : +0-03 GNMA 4.5 108-30 : +0-03 GNMA 5.0 110..[read more]
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Best-Execution Mortgage Rates Rise For First Time in a Month
Tue, 21 Feb 2012 20:31:00 GMT
Posted To: Mortgage Rate WatchFor the first time since late January, Best-Execution Mortgages Rates moved back to 4.0%. Over the past month, the rate averaged 3.875% despite plenty of fluctuations in terms of closing costs. Friday's weakness brought ..[read more]
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FHFA Sends Congress Strategic Plan for GSEs
Tue, 21 Feb 2012 19:07:35 GMT
Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA) said Tuesday that, with its conservatorship of Fannie Mae and Freddie Mac (the Enterprises) now in operation for more than three years "and no near-term resolution in sight," it was tim..[read more]
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Bond Markets Search For Support After Greek Bailout Vote
Tue, 21 Feb 2012 18:47:00 GMT
Posted To: MBS CommentaryIt's getting to be fairly popular to dismiss the ongoing efforts to stave off a default in Greece as "can-kicking," etc. We're guilty of this, but remain generally in agreement that can-kicking is one of the best ways to desc..[read more]
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MBS MID-DAY: 2/21/2012
Tue, 21 Feb 2012 16:20:48 GMT
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 103-05 : +0-05 FNMA 4.0 105-04 : +0-04 FNMA 4.5 106-16 : +0-03 FNMA 5.0 107-31 : +0-02 GNMA 3.5 104-21 : +0-05 GNMA 4.0 107-18 : +0-05 GNMA 4.5 109-01 : +0-06 GNMA 5.0 1..[read more]
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LPS Previews January Delinquency Data
Tue, 21 Feb 2012 16:12:00 GMT
Posted To: MND NewsWireIn its Monthly Mortgage Monitor Report Lender Processing Services (LPS) will report that the national delinquency rate , loans that are 30 days or more late, but not in foreclosure, decreased 2.2 percent in January to 7.97 perc..[read more]
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Default Rates Head Down Again
Tue, 21 Feb 2012 15:42:34 GMT
Posted To: MND NewsWireAfter four straight months of increases The S&P/Experian Consumer Credit Default Indices fell in January as did the four loans types that make up the composite. The Default Index dropped from 2.24 percent in December to 2.16 pe..[read more]
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Clearing Up Some G-fee and HARP 2.0 Confusion; More Conferences and Companies Expanding
Tue, 21 Feb 2012 15:38:20 GMT
Posted To: Pipeline PressWelcome to Fat Tuesday, or Mardi Gras, a rowdy day of hedonism where shipping departments across the nation have great parties and throw bead necklaces at underwriters. Lent begins tomorrow and ends Thursday, April 5 (two wee..[read more]
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The Day Ahead: Digesting Greek Bailout With Auction Supply and Limited Data
Tue, 21 Feb 2012 13:21:00 GMT
Posted To: MBS CommentaryBond markets are slightly weaker from Friday's latest levels as the Greek bailout that has been the markets focal point for several weeks, was technically approved early this morning in Europe (yesterday evening in terms of E..[read more]
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MBS RECAP: 2/17/2012
Fri, 17 Feb 2012 21:20:44 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-11 : -0-02 FNMA 4.0 105-06 : -0-03 FNMA 4.5 106-17 : -0-03 FNMA 5.0 107-31 : -0-01 GNMA 3.5 104-26 : -0-03 GNMA 4.0 107-22 : -0-02 GNMA 4.5 109-02 : -0-03 GNMA 5.0 110..[read more]
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Mortgage Rates Continue Higher Ahead of High-Risk Weekend
Fri, 17 Feb 2012 19:25:00 GMT
Posted To: Mortgage Rate WatchMortgages Rates are higher for the 2nd day in a row. Unlike the movement we normally see, which limits itself to affecting closing costs as opposed to the quoted rates themselves, today's deterioration leaves 4.0% lookin..[read more]
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MBS MID-DAY: 2/17/2012
Fri, 17 Feb 2012 16:20:40 GMT
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 103-11 : -0-03 FNMA 4.0 105-07 : -0-03 FNMA 4.5 106-17 : -0-02 FNMA 5.0 107-31 : -0-01 GNMA 3.5 104-27 : -0-02 GNMA 4.0 107-22 : -0-02 GNMA 4.5 109-03 : -0-02 GNMA 5.0 1..[read more]
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Provident and Condos; Startling Utah Stats; Promising Signs for US Economy - Will Rates Creep Up?
Fri, 17 Feb 2012 15:57:54 GMT
Posted To: Pipeline PressYes, Wells Fargo's CEO's was on CNBC this morning talking about the mortgage markets. Investor news is rarely "headline grabbing," but also this morning Provident Funding , often the nation's leading wholesale operation, turn..[read more]
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