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Underwriters: Loan Quality Still in Need of Improvement; Interesting FICO Sco...
Posted To: Pipeline Press At the last company Christmas party, loan agents lined up on one side of the room and the underwriters on the other side. The loan agents throw fire cracker at the underwriters...and the underwriters lit them and threw the...
MBS OPEN: Rates Ticking Higher Just Because They Can
Posted To: MBS Commentary Good Morning. I've had some great coaches in my lifetime...none better than my high school/juniors hockey skipper. Many of the messages he bestowed upon me have carried over from the locker room into my professional life. ...
The Day Ahead: Inventories, Budget Statement, Treasury Auction
Posted To: MND NewsWire Investors this morning await the first real data to be released this week. But wholesale trade inventories isn’t a major market mover, nor is the afternoon’s budget statement, so it could be a quiet day if investors prefer t...
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 weakness in tsy's, and rallied just as well into the PM, reaching 101-15 at 4pm. But then...
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 overall loan portfolios at those institutions according to the Mortgage...
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 creation requirements under Section 3 of the Housing and Urban Development A...
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 resistance) Reprices for the better = highly likely From the Ninja: Mortgages are still on hold ...
Risk Weighted Returns; Warehouse Lending Credit Manager Needed; Subprime Anal...
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 Buffalo, New York to established themselves in the U.S. The joke was that HSBC stood for ...
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, but the 4.5 remains positive on the day, up 1 tick at 101-07. The 10yr note is also up ...
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 the booze (that's a rumor). I suppose I could have poked fun at Sarah Jessica Parker's ...
Empty Econ Calendar Helps Mortgage Rates Hold Steady. Auctions Biggest Repric...
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. Mortgage rates held steady as prices of mortgage backed securities never moved too fa...
Second Mortgages in the Spotlight; Reverse Repurchase Primer; My Opinion on M...
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 suggest you take a look at this video about, of all things, seat belts. It is making the rounds, and with go...
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 remember those days pretty well...mostly because they were so incredibly boring and sl...
The Day Ahead: Stocks Dip on Sovereign Debt Fears Abroad. Treasuries Get Flig...
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 S&P 500 are off 4.25 points to 1,132.75. “The mood in global markets is t...
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, down, up, closed flat No data tomorrow either, then 3yr note auction at 1pm Fed Evans at 93...
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