Real Estate News
Explaining The MBS Settlement Process
Posted To: MBS Commentary 10yr Notes progressively improved into the PM , ending 5 ticks better on the day with a yield of 3.70. MBS fought off much of the AM … [Link]
Commercial and Multifamily Mortgages Outperforming Overall Bank Holdings
Posted To: MND NewsWire Commercial and multifamily mortgages continue to have the lowest rates of charge-offs of any loan types at banks and thrifts and perform better than the … [Link]
HUD Enforcing Job Creation Requirements for State and Local Governments
Posted To: MND NewsWire The Department of Housing and Urban Development (HUD) has released the results of the first stage of its increased oversight and enforcement of job … [Link]
MBS AFTERNOON: Potential Reprices For The Better
Posted To: MBS Commentary MBS Off To The Races with 4.5's up 8 ticks to 101-15! 10yr up 5 ticks on the day dropping yield to 3.70 (through post auction … [Link]
Risk Weighted Returns; Warehouse Lending Credit Manager Needed; Subprime Analysts Lost; Bank News
Posted To: The Garrett Watts Report We commented last week how a lot of people didn’t know what HSBC stood for… If you go back to when they bought a bank in … [Link]
MBS LUNCH: 3 Year Note Auction Results And Reaction
Posted To: MBS Commentary Immediately following the 3yr Treasury Note auction, treasuries weakened while MBS held steady. Since then, MBS have lost a few ticks, … [Link]
MBS MORNING: Fed President Reminds About Labor Market Weakness
Posted To: MBS Commentary I am kinda bummed no one laughed at my Kathy Ireland reference in MBS OPEN . Her dress was so tight you could see her liver processing … [Link]
Empty Econ Calendar Helps Mortgage Rates Hold Steady. Auctions Biggest Reprice Threat
Posted To: Mortgage Rate Watch After last week’s rates roller coaster ride that forced multiple reprices for the better and the worse, yesterday was quite boring. … [Link]
Second Mortgages in the Spotlight; Reverse Repurchase Primer; My Opinion on Mortgage Rates After the Fed; Provident Cuts Interest Only
Posted To: Pipeline Press Often I start the commentary off saying something witty, but I couldn't think of anything clever so I thought I'd … [Link]
MBS OPEN: Flight to Quality in Light Trading Volume
Posted To: MBS Commentary Good Morning. Happy Standardized Test Tuesday! My nephew has Maryland School Assessment tests today, we were pre-gaming this morning. I … [Link]
The Day Ahead: Stocks Dip on Sovereign Debt Fears Abroad. Treasuries Get Flight to Quality
Posted To: MND NewsWire Equity futures are firmly lower this morning following a mixed session yesterday. The Dow looks to open 31 points lower at 10,507 while futures on the … [Link]
MBS CLOSE: Strong Vs. Treasuries, But Lackluster Day All Around
Posted To: MBS Commentary No material change since 10:30AM MBS 4.5's unchanged on the day at 101-07 10yr note 4bps higher on the day to 3.72 Stocks were up, … [Link]
MBA: Servicing Specialists Should Not be Required to Obtain SAFE Act Licensing
Posted To: MND NewsWire The Mortgage Bankers Association (MBA), American Bankers Association (ABA), and the American Financial Services Association (AFSA) joined with 11 state … [Link]
GSEs: Long Term Rates Again Below 5 Percent
Posted To: MND NewsWire Mortgage rates reversed course yet again during the week ended March 4 with the 30-year fixed-rate mortgage (FRM) once more falling below 5 percent. … [Link]
MBS AFTERNOON: Extremely Quiet Day Winding Down
Posted To: MBS Commentary ridiculously flat trading in MBS and Tsy's low volume, sparse data calendar, looking toward auctions Did we mention flat trading? … [Link]
HVCC is Here to Stay. Any Chance for Improvements to the Process?
Posted To: The Garrett Watts Report Our FOCIS –plus study has a section on Home Value Code of Conduct (HVCC) compliance. Warehouse lenders in particular are … [Link]
MBS LUNCH: Support Found at Mid-Range Marks. Preparing for More Debt Supply
Posted To: MBS Commentary Did anyone happen to catch Saturday Night Live this weekend? Alan, the lovable moron from "The Hangover" was the host. I … [Link]
The Ultimate Solution for the Appraisal Industry
Posted To: Community Commentary Since the inception of the Home Valuation Code of Conduct (HVCC) in May 2009, there has been much discussion, and … [Link]
Mortgage Rates Hold Near Best Levels of 2010 as Benchmark Yields Rise
Posted To: Mortgage Rate Watch I described last week as a roller coaster ride for mortgage rates. A busy schedule of economic data provided much of the motivation for … [Link]
Credit Unions Expanding Loan Production; Ready for Buybacks?; Lender Rating Model; FHA Approval News; Four More Bank Failures
Posted To: Pipeline Press When I was a kid, I used to pray every night for a new bike. Then I realized that God doesn't work that way. So … [Link]