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MBS Day Ahead: Near-Term Bond Market Fate to be Decided by Jobs Report
Fri, 01 Aug 2014 11:31:44 GMT

Posted To: MBS CommentaryFirst off, anything can happen on NFP days, so feel free to skip the rest of this and buckle up for the ride if you're reading this before 8:30am ET. For those interested in some context for today's possibilities, her..[read more]

MBS RECAP: Massive Sell-Off in Stocks but no Rally in Bonds
Thu, 31 Jul 2014 21:05:32 GMT

Posted To: MBS CommentaryIt's not often you'll see the S&P down over 30 points with less than 1bp of day-over-day movement in 10yr yields, but that's where we're heading out today. Things might have been worse for Treasuries, however,..[read more]

Mortgage Rates Barely Higher, More Volatility Ahead
Thu, 31 Jul 2014 20:09:00 GMT

Posted To: Mortgage Rate WatchMortgage rates started the day in fairly rough shape with most lenders offering noticeably higher rates vs yesterday. As stock markets slid into the afternoon, the bond markets that underlie mortgage rates improved. Most..[read more]

Longest Recorded Refi Boom Ends; New Demographic Emerges
Thu, 31 Jul 2014 19:38:40 GMT

Posted To: MND NewsWireFreddie Mac has officially declared that the refinancing boom is over. The company's Refinance Report for the second quarter of 2014 said that the longest refinance boom in the 24 years since it started keeping records official..[read more]

Concentration of Foreclosure Inventory is a Concern - CoreLogic
Thu, 31 Jul 2014 17:04:13 GMT

Posted To: MND NewsWireWhile completed foreclosures increased slightly from May to June, the foreclosure inventory, a count of homes in the process of foreclosure, continued to slide. CoreLogic's National Foreclosure Report for June puts the number o..[read more]

MBS MID-DAY: Bond Markets Bounce Back After Anxiety-Ridden Start
Thu, 31 Jul 2014 16:34:57 GMT

Posted To: MBS CommentaryThe stakes are high for the rest of this week as far as bond markets are concerned. The anxiety is obvious. Is this the turning point where we bounce off periodic lows and head higher? Even if we're only concerned about t..[read more]

JD Powers Report on Servicing; Non-Vanilla Securitization Market Heating Up
Thu, 31 Jul 2014 16:10:01 GMT

Posted To: Pipeline PressThe Office of the Comptroller of the Currency tells us that 13 out of every 14 mortgages (93.1%) in the United States were "current and performing" at the end of the 1st quarter 2014 compared with 9 out of 10 (90.2%) at the e..[read more]

MBS Day Ahead: What Yesterday's GDP Shocker Means for Rates
Thu, 31 Jul 2014 11:39:52 GMT

Posted To: MBS CommentaryWith GDP living up to it's surprising potential, things have quickly gotten more serious for domestic bond markets. Before yesterday, econo-bears could hold out some hope that Q2 GDP might have reiterated the gloominess o..[read more]

MBS RECAP: FOMC Announcement Wholly Overshadowed by GDP
Wed, 30 Jul 2014 22:18:35 GMT

Posted To: MBS CommentaryTonight's theme: "not many." It's not many times that GDP will crack 4% after being down more than 2% in the previous quarter, but it did today. But that's because it's not many times that the US economy will ..[read more]

Mortgage Rates Highest in More Than a Month After GDP
Wed, 30 Jul 2014 21:02:00 GMT

Posted To: Mortgage Rate WatchFor weeks, we've discussed the prospects for increased volatility centered on today's economic calendar. The chances of a bigger move were much higher going into today's GDP data, and a bigger move is exactly what we got..[read more]

California Realtors get Heads-Up on Short Sale Complications
Wed, 30 Jul 2014 19:41:52 GMT

Posted To: MND NewsWireA short sale program for properties serviced by Nationstar, which bills itself as one of the nation's largest independent loan servicers, is the subject of a new member advisory from the California Association of Realtors (C.A...[read more]

Homeownership at 19 Year Low
Wed, 30 Jul 2014 19:37:05 GMT

Posted To: MND NewsWireThe rate of homeownership in the U.S. continued to slide in the second quarter of 2014, reaching a 19 year low . The Commerce Department said that the seasonally adjusted homeownership rate fell to 64.8 percent during the quart..[read more]

Differences Between Past and Current FOMC Statements
Wed, 30 Jul 2014 17:59:00 GMT

Posted To: MBS CommentaryRelease Date: June 18, July 30, 2014 For immediate release Information received since the Federal Open Market Committee met in April June indicates that growth in economic activity has rebounded in recent months. the second q..[read more]

MBS MID-DAY: Bond Markets Pummeled by GDP; Bracing for Aftershock from FOMC
Wed, 30 Jul 2014 16:46:07 GMT

Posted To: MBS CommentaryBond markets began the day on relatively level ground vs yesterday. It was, and has been up to GDP to cast the first major vote on whether or not bond markets move on to new highs for 2014 (or lows in terms of yield), or if t..[read more]

The Importance of FinCEN & SARS; Fannie/Freddie Updates; Upcoming Events
Wed, 30 Jul 2014 14:18:45 GMT

Posted To: Pipeline PressThere are plenty of ways to divvy up people (those who like soggy cereal, those that don't, those that can form their tongue into an "o", and those that can't, for example.) Another way is your net worth & attitude toward wor..[read more]

Slow, Mixed Week for Mortgage Applications
Wed, 30 Jul 2014 13:16:42 GMT

Posted To: MND NewsWireIt was a mixed and largely directionless week for mortgage applications as the volume of applications for home purchases inched up fractionally while applications for refinancing fell . The Mortgage Bankers Association said its..[read more]

MBS Day Ahead: Big Potential for Bond Markets, for Better or Worse
Wed, 30 Jul 2014 11:33:07 GMT

Posted To: MBS CommentaryOn the afternoon of the Thursday before last, bond markets had just gone on their run to the best levels in over a month on the geopolitical flare-up (that was the day that begin with the Malaysian Airliner and ended with Isr..[read more]

MBS RECAP: Bonds Bounce Back From Mid-Day Swoon
Tue, 29 Jul 2014 21:00:08 GMT

Posted To: MBS CommentaryMarkets were more active today, offering a nice little warm up for what promises to be an even more active day tomorrow. The movement came in waves, beginning with a strong bond market rally at the start of the European tradi..[read more]

Mortgage Rates Slightly Lower; Volatility Ahead
Tue, 29 Jul 2014 20:05:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were slightly lower today, holding inside a low and narrow range that's been intact for nearly 2 weeks. The movement was small enough that some lenders are unchanged compared to yesterday, but they're the ..[read more]

MBS MID-DAY: Bond Markets Back Near Unchanged Levels after Stronger Start
Tue, 29 Jul 2014 16:39:35 GMT

Posted To: MBS CommentaryThe day started out well for Treasuries and MBS for a variety of reasons. European bond markets have been the most reliable motivation for overnight movement in Treasuries and last night was no exception. This time around Ger..[read more]

Seasonally-Adjusted Home Prices Declined in May
Tue, 29 Jul 2014 15:47:13 GMT

Posted To: MND NewsWireHome price gains continued to slow in May, posting smaller annual increases than In April the S&P Dow Jones Indices said today. The Indices' Case-Shiller 10-City Composite Index was up 9.4 percent compared to May 2013 and the 2..[read more]

New Products; Regions Bank's Cuts; PHH, NationStar in the News; Radian/NAREB Partnership
Tue, 29 Jul 2014 15:19:07 GMT

Posted To: Pipeline PressMy plan has always been pretty simple with my children: feed and clothe them in a loving home, make sure they get a college education followed by a good job, then at some point, send them an invoice. But I've been told by the..[read more]

MBS Day Ahead: Last Day of Tame Data Before Things Get Serious
Tue, 29 Jul 2014 11:42:51 GMT

Posted To: MBS CommentaryYesterday proved to be anything but serious based on the narrow trading range. 10yr yields only used up half of the range they'd carved out on Friday and MBS, even less than that. With none of the week's big-ticket ma..[read more]

MBS RECAP: Some Weakness and a Few Reprices, but Mostly Holding Ground
Mon, 28 Jul 2014 21:11:49 GMT

Posted To: MBS CommentaryMore due to timing and coincidence than anything, we got a few negative reprices this afternoon. Shortly thereafter, prices moved right back mid-point of today's trading range and never left . That said, things were a bit..[read more]

Mortgage Rates Unchanged to Start Important Week
Mon, 28 Jul 2014 19:30:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much to start the week, with a nearly equal number of lenders moving both higher and lower. On average, rates were just barely higher. Even then, the actual rates being quoted are the the same ..[read more]

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