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MBS MID-DAY: Bond Markets Start Weekend Early, Holding Modest Gains
Fri, 21 Nov 2014 17:50:56 GMT

Posted To: MBS CommentaryOvernight events amounted to nothing more than noise for US bond markets. Tough talk from European Central Bank President Mario Draghi did more to help European bond markets earlier in the overnight hours, but Treasuries impr..[read more]

Fannie & Freddie Changes Will Help Lenders; Possible Changes for NY Lenders;
Fri, 21 Nov 2014 15:44:12 GMT

Posted To: Pipeline PressIn New York, the New York Mortgage Bankers Association's website is now live. The group is functioning and has already had meetings with DFS, so lenders looking for things to be done on an "industry vs. company" level should ..[read more]

MBS Day Ahead: Did Bond Markets Show up Early for December?
Fri, 21 Nov 2014 12:30:00 GMT

Posted To: MBS CommentaryHave you ever had one of those awkward super early arrivals to an event? Did you wait in the lobby? Was the lobby even open? Did you hide the fact you were early? Did you wait in your car? Did you find something else to do in..[read more]

MBS RECAP: Volatility After Philly Fed, but Bonds Stay in Positive Territory
Thu, 20 Nov 2014 22:49:11 GMT

Posted To: MBS CommentaryThere was a metric ton of data on tap today, both at home and abroad. During the European session, most of the data was weaker. Given that Europe still responds logically to their economic data, that made for a strong overnig..[read more]

Mortgage Rates Return to November Lows
Thu, 20 Nov 2014 22:00:00 GMT

Posted To: Mortgage Rate WatchMortgage rates improved today following weaker economic data in Europe. That data fueled demand in bond markets overnight, pulling US Treasury yields back to yesterday's lowest levels. The mortgage-backed-securities (MBS..[read more]

Major Updates on Mortgage Market's Future from FHFA's Watt
Thu, 20 Nov 2014 18:08:58 GMT

Posted To: MND NewsWireMelvin L. Watt, Director of the Federal Housing Finance Agency (FHFA) told the Senate Banking Committee today that Freddie Mac and Fannie Mae (the GSEs) will soon announce they will begin purchasing loans with downpayments of 3..[read more]

Big News for Existing Home Sales: 1st Annual Gain of 2014
Thu, 20 Nov 2014 18:02:37 GMT

Posted To: MND NewsWireIf October sales of existing homes are an indication 2014 may come to a better conclusion than has been expected. The National Association of Realtors® (NAR) said today that sales of single-family homes, townhomes, condomin..[read more]

MBS MID-DAY: Overnight Strength Meets Insane Philly Fed Numbers; Gains Holding
Thu, 20 Nov 2014 17:20:38 GMT

Posted To: MBS CommentaryIt's been a solid day for bond markets so far, with most of that solidness coming courtesy of a big correction to yesterday's European bond market weakness. Some measure of positive bounce is logical given the boatloa..[read more]

News on 3% and G-Fee Changes; FDIC Training Video on ATR and QM
Thu, 20 Nov 2014 15:54:45 GMT

Posted To: Pipeline PressFor those of you who'd rather watch a video than read the written word, the Federal Deposit Insurance Corporation (FDIC), which knows a thing or two about banking, announced the release of the first in a series of three new t..[read more]

MBS Day Ahead: A Nearly Overwhelming Amount of Potential Market Movers
Thu, 20 Nov 2014 12:32:06 GMT

Posted To: MBS CommentaryToday is sorta nuts . If we listed out line items for all the European economic data, domestic economic data, Fed speakers, corporate bond issuance events, Treasury auction news, and scheduled Fed buying operations, the resul..[read more]

MBS RECAP: FOMC Minutes Didn't Save Bond Markets from AM Weakness
Wed, 19 Nov 2014 22:18:22 GMT

Posted To: MBS CommentaryFor all the potentially complicated conclusions that can follow something as wordy and important as FOMC Minutes, today ended up being fairly cut and dry . In fact, it can be covered in a list. 1. Bond markets were weaker ove..[read more]

Mortgage Rates Were Higher Even Before the Fed
Wed, 19 Nov 2014 21:29:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved moderately higher today, bringing them back in line with some of last week's offerings but certainly not outside the recent range. Today's biggest risk in terms of market movement had been the aftern..[read more]

MBS MID-DAY: European Bond Markets Putting Serious Pressure on Treasuries/MBS
Wed, 19 Nov 2014 17:48:35 GMT

Posted To: MBS CommentaryThere has only been one story today for domestic bond markets, and that's been European bond markets! They tanked after one of Germany's most widely followed economic reports (ZEW investor/analyst sentiment survey) ca..[read more]

Western States Drive Surge in Building Permits
Wed, 19 Nov 2014 16:53:45 GMT

Posted To: MND NewsWireOctober was a mixed month for new residential construction data. More permits were issued than in September but housing starts and completions were both down . September numbers for permits and housing starts were upgraded slig..[read more]

MBA Offers Health Care to Members; Freddie & Fannie Updates; New Jumbo Security
Wed, 19 Nov 2014 15:56:59 GMT

Posted To: Pipeline PressSeattle's Zillow has published good news for the real estate industry . Its report regarding hidden households and future housing activity indicates that the number of adults per household has increased to 1.83 in 2012, from ..[read more]

Holiday Adjustments Skew Mortgage Applications
Wed, 19 Nov 2014 14:37:46 GMT

Posted To: MND NewsWireThe week ended November 14 was a lackluster one for mortgage activity. Mortgage applications during the week, as measured by the Mortgage Bankers Association's (MBA's) Market Composite Index increased 4.9 percent on a seasonall..[read more]

MBS Day Ahead: Did The Fed Back Itself Into a Corner on Inflation? Let's Find Out
Wed, 19 Nov 2014 12:25:03 GMT

Posted To: MBS CommentaryIn the October 29th policy statement, the Fed said " market-based measures of inflation compensation have declined somewhat" which is a reference to the trading levels in Treasury Inflation-Protected Securities (TIPS) relativ..[read more]

MBS RECAP: Bonds Manage Resilience Despite Headwinds
Tue, 18 Nov 2014 22:08:41 GMT

Posted To: MBS CommentaryA clearly-defined break to another record high in stocks and another huge day for corporate debt issuance presented two significant headwinds for bond markets today. Yet MBS and Treasuries both managed to hold in positive ter..[read more]

Mortgage Rates Inch to Another 3-Week Low
Tue, 18 Nov 2014 20:40:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged today, but moved in the right direction on average. Several lenders were actually slightly higher in rate, but most lenders improved. This technically brings rates to another 3-week low, and ..[read more]

Builders Credit Consumers for Increased Optimism
Tue, 18 Nov 2014 15:48:08 GMT

Posted To: MND NewsWireNew home builders regained some of the confidence in the market they had displayed in September after wavering significantly in October. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), a..[read more]

Supreme Court & 2nd Mortgages; ARM Index News; What do FHA Numbers Mean?
Tue, 18 Nov 2014 15:42:24 GMT

Posted To: Pipeline PressRecently the commentary noted, "Maybe we should start at the grade school level and teach kids about money . How to make a budget, manage debt, save for retirement. Most kids only know how to use their ATM card and check thei..[read more]

MBS Day Ahead: As FOMC Minutes Approach, What Else Merits Attention?
Tue, 18 Nov 2014 12:32:03 GMT

Posted To: MBS CommentaryI haven't seen much fuss made over tomorrow's FOMC Minutes yet, and that mostly makes sense. After all, asset purchases were ended at that meeting, and there wasn't likely much debate as to whether or not it shoul..[read more]

MBS RECAP: No Daytime Drama Following Overnight Action
Mon, 17 Nov 2014 22:20:45 GMT

Posted To: MBS CommentaryIf you wanted to see any significant movement in bond markets today, you had to be tuned in before 10am. Even then, most of the drama occurred right at the start of Asia's business day following a big miss in Japan's ..[read more]

Mortgage Rates Continue to New November Lows
Mon, 17 Nov 2014 20:42:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved moderately lower again today, setting another new low for the month of November. That said, the movement has been primarily restricted to the upfront costs associated with the same old rates. In othe..[read more]

Good News for Housing and Consumers From FHA
Mon, 17 Nov 2014 20:37:50 GMT

Posted To: MND NewsWireDespite dire predictions from many quarters the Federal Housing Administration's (FHA's) Mutual Mortgage Insurance Fund (MMIF) has returned to solvency. And it did it a full three years ahead of the best estimates back in 2012...[read more]

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