The Foreclosure Blog

Posted To: Mortgage Rate Watch

Mortgage rates moved higher today as MBS prices fell following two better than expected economic reports. The move lower in MBS prices forced lenders to reduce rate sheet rebate, pushing consumer borrowing costs higher for the third consecutive day. The streak of rising rates was started by a weak 3 year [...]

Posted To: MBS Commentary

'Twas the day before December, amidst stormier skies And Traders pushed MBS beyond all time highs The 10yr was hung at 3.20 with care In the hopes yields still lower soon would be there. Positions were nestled all snug in their range While cash needs for year-end struck no one as strange. [...]

Posted To: MBS Commentary

Ranges Ranges Everywhere… Right? We've kept the topic of 3.56 open as an outer limit for the 10yr tsy as rates began to back up earlier this week even though the long term range definitely favors something around 3.5. Indeed today the outer-limit range assumptions were tested today, and thankfully have held [...]

Posted To: MND NewsWire

Most mortgage rates moved up during the most recent week according to information released on by both Fannie Mae and Freddie Mac. The 30-year fixed-rate mortgage (FRM) was up ten basis points according to Freddie Mac's Primary Mortgage Market Survey for the week ended December 10. The average was 4.81 percent for [...]

Posted To: MND NewsWire

From Reuters: In a win for the banking industry, the U.S. House of Representatives voted on Friday to reject a measure that would have allowed bankruptcy judges to change the terms of mortgages for distressed homeowners. Known as "mortgage cramdown," the measure was defeated in a 188-241 decision as a proposed amendment [...]

Posted To: MBS Commentary

The heart-pounding and nail-biting moments of utter catastrophe seem to have subsided at the moment. With about an hour and a half left until 3pm marking, and with what will likely end up being 90% of today's volume behind us, any rate market considerations beyond the intraday-lock-alert variety have sufficient data to [...]

Posted To: MBS Commentary

If the markets were to close right now, 10yr yields would be higher than they've been in almost four months. MBS prices have fallen more in the last two weeks than they have in over four months. The 4.5 coupon is now discussed not in terms of 102, but rather fighting to [...]

Posted To: Community Commentary

“Ah! the clock is always slow; It is later than you think; Sadly later than you think; Far, far later than you think”. This quote is from a 19th century poet also known as the Canadian Kipling, Robert Service . He is a very humorous poet. As I read this quote I [...]

Posted To: Pipeline Press

I am very excited, because last night I received news that I had won $5 million in the Netherlands lotto! Unfortunately I will receive $5 for a million years… Seriously, not a day goes by that I don't receive some e-mail like, "Wherein your email address emerged as one of the online [...]

Posted To: MND NewsWire

It’s been a slow week in terms of data but the key release of the week, retail sales for November, finally comes out an hour before the opening bell. Ahead of the data equity futures are looking strong, gold and oil are each higher, and the dollar is weak against most currencies [...]