|
|
|
|
|
|
|
|
Treasury Auctions Done. Bonds Cautiously Resilient as Stocks Repeat History
Posted To: MBS Commentary Treasury just sold $29 billion 7s to a group of uninterested buyers... Auction demand as measured by the bid to cover ratio was below average. 2.78 bids were submitted for every 1 accepted by Treasury. Compare that to the ...
Fannie Mae Preps Investors for Reform. Book of Business Reflects Tight Credit...
Posted To: MND NewsWire In the wake of the passage of Wall Street Reform, which many opponents have criticized Capitol Hill for failing to deal with the future of Fannie Mae and Freddie Mac, the Obama Administration is beginning to present the broa...
Are HECM Regulators Acting Unethically Toward the Reverse Mortgage Program?
Posted To: Community Commentary I recently spoke on two interesting panels at the American Conference Institute’s two day symposium on Reverse Mortgages. The conference was held at the famed Helmsley Park Lane Hotel in the heart of Manhattan. The c...
Final Ruling Issued on SAFE Act; Underwriting Guideline Overlays, Adverse Mar...
Posted To: Pipeline Press On a non-mortgage note, my son asked me, "At what age is it ok to tell a highway that it is adopted? At some point the highway will realize that it doesn't look like the Kiwanis's Club." I would have told him to "keep his ...
Vacancy Rate Near Historic High. America Has a "Home Problem"
Posted To: MND NewsWire As we have pointed out over the last few weeks , America has a homelessness problem; over a million individuals and families are temporarily or chronically homeless. While the statistics don't fully address this aspect, ther...
The Day Ahead: Moody's Questions U.S. Credit Rating. Bonds Shrug Off News
Posted To: MBS Commentary Equity futures are trading higher this morning despite word from Moody’s that it would have to question America’s triple-A credit rating unless it provides a credible plan to tackle its growing deficit. Steve Hess , a top ...
Can Mortgage Rates Go Any Lower?
Posted To: Mortgage Rate Watch Well, here we are on "hump day" and mortgage rates are still detached from the price fluctuations of the secondary mortgage market. Instead, the ups and downs of consumer borrowing costs continue to be driven primaril...
Is There Life After the Mortgage Business?
Posted To: The Garrett Watts Report We all know the mortgage business can be extremely profitable at times. We also know it can be disastrous at other times. Regulators and law makers have created an environment that makes us feel like a pin ball, ...
FHA Ready to Reduce Seller Concessions. HUD Invites Industry Comment Before I...
Posted To: MND NewsWire HUD is preparing to implement a few new policies that will no doubt affect your pipeline/loan application process. Last week, HUD and the FHA invited public comment on three of those policy changes, which are part of FHA's s...
Beige Book: Mixed Reads on Economy. Housing Market Definitely "Sluggish"
Posted To: MND NewsWire The Federal Reserve has released the Beige Book The Beige Book is a compilation of anecdotal information and data on current economic conditions across the country. The findings are NOT THE VIEWS OF FEDERAL RESERVE OFFICIALS...
MBS Prices Hit New Record High After 5-Year Note Auction
Posted To: MBS Commentary Mortgages are on a serious run... Front-month TBA levels set yet another new record high this morning and yield spreads continued to tighten vs. benchmarks (thx swaps!). While the street more than likely sees the current c...
Home Builder Rankings; Updates from HUD and Fannie Mae; Home Ownership Stats;...
Posted To: Pipeline Press Let me start off by saying that I do not believe the rumor that the International Olympic Committee has taken back skier Lindsey Vonn's gold medal, and instead awarded it to President Barack Obama, announcing that no one h...
Refinance Demand Takes a Break While Purchase Apps Search for Bottom
Posted To: MND NewsWire The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 23, 2010. The MBA's loan application survey covers over 50% of all U.S. residential mortgage loan applica...
The Day Ahead: Durable Goods, Beige Book, 5-Year Notes
Posted To: MBS Commentary Equity futures are flat this morning ahead of the durable goods report for June and the Federal Reserve’s Beige Book, a summary of regional economies across the country. Ninety minutes before the opening bell, Dow futures ...
Mortgage Rates Still Immune to Rising Benchmark Yields
Posted To: Mortgage Rate Watch A much better than expected read on New Home Sales helped the stock market post strong gains yesterday. Typically, when stocks advance, their gains come at the expense of interest rates. While benchmark Treasury yield...
Newsfeed display by CaRP
|
|
|
|
|
Copyright © 2009 by CalCon Mutual Mortgage Corporation. All rights reserved.
Web Site Design
and Hosting by
Whiteroad Communications.
|
|
|
