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Posted To: MND NewsWire Three former mortgage executives were charged with fraud on Monday for activities growing out of their roles at the defunct New Century Mortgage The charges were brought by the U.S. Securities and Exchange Commission (SEC) which accused the three of covering up the rapidly declining financial condition of their firm [...] Posted To: MBS Commentary Heading towards 5pm "going out" marks, the 10yr TSY note is +0-13 at 99-17 yielding 3.429% and the FN 4.0 is +0-11 at 99-04 yielding 4.093% while the FN 4.5 is +0-12 at 101-29 yielding 4.282%. All three are testing NY session price highs… REPRICES FOR THE BETTER HAVE BEEN [...] Posted To: Voice of Housing It does the heart good to read of thousands of everyday Americans helping many of our returning warriors. While most have come home and managed to assume some return to normalcy, thousands more need help. For some that help might be in the form of advice as they search [...] Posted To: MND NewsWire While residential foreclosures get most of the publicity, delinquency rates for mortgages in the commercial sector are also rising according to data released today by the Mortgage Bankers Association (MBA). MBA's Commercial/Multifamily Delinquency Report tracks commercial delinquencies among five investor groups, each of which reports its delinquencies in its own [...] Posted To: MBS Commentary Shortly after the completion of Bernanke speech to the economic club of Washington, MBS moved slightly lower off their highs of the day at 101- 27, but at 101- 24, this constituted only a four point drop from the highs. The overriding theme of the day is still one of [...] Posted To: Mortgage Rate Watch The four day streak of rising mortgage rates extended into Friday following a much better than expected nonfarm payroll report. After reaching 4.50% on Monday, mortgage rates rose 0.25% to .375% by Friday. The week ahead is fairly light in terms of economic data. The only data due out [...] Posted To: MBS Commentary A pivot point is a significant technical price level where the market has previously accumulated (bought) or distributed (sold) a financial instrument in high volume. Pivot points can also be moving averages or key retracements. The 10yr is currently +0-11 at 99-16 yielding 3.437%. 3.42% is a key pivot point. [...] Posted To: Community Commentary We live in a small town called Los Gatos that is located in Silicon Valley. The population is around 35K people and is tucked in at the base of the Santa Cruz Mountains. One of it's claims-to-fame is that it hosts the largest children’s Christmas Parade in the county. It [...] Posted To: Pipeline Press Here we are on the 68 th anniversary of Pearl Harbor Day, with the mortgage banking business facing unprecedented new regulatory reforms, and what are the folks in the trenches saying? "Does anyone get the feeling mortgage banking is a ghost ship, to sail the seas endlessly, with a crew [...] Posted To: MBS Commentary Good Morning.Happy Monday Recap of Last Week … New Residential Construction Spending +4.4%, Commercial Building -3.7%. READ MORE Pending Home Sales move higher for 9th consecutive month. READ MORE Loan apps improve in holiday shortened work week. READ MORE FHA to increase minimum FICOs, reduce seller concessions, increase premiums, down [...] |
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