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MBS RECAP: 2/3/2012
Posted To: MBS Commentary MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-24 : -0-10 FNMA 4.0 105-17 : -0-09 FNMA 4.5 106-26 : -0-04 FNMA 5.0 108-01 : -0-02 GNMA 3.5 105-02 : -0-11 GNMA 4.0 107-24 : -0-07 GNMA 4.5 109-03 : -0-05 GNMA 5.0 ...
MERS, Banks Sued by New York State; MERSCORP Responds
Posted To: MND NewsWire Three major banks and Virginia-based MERSCORP, Inc. and its subsidiary Mortgage Electronic Registrations Systems ( MERS ) were sued Friday by the state of New York. The suit, filed by the state's Attorney General Eric T. Sch...
Mortgage Rates Higher Following Employment Report
Posted To: Mortgage Rate Watch The monthly Employment Situation Report was released at 8:30am this morning, with much better-than-expected results. Stocks rallied sharply and most every interest rate in fixed-income markets moved higher. The econom...
Geithner Outlines Accomplishments, Future of Financial Reform
Posted To: MND NewsWire Treasury Secretary Timothy Geithner told the Financial Stability Oversight Council that the financial system is getting stronger and safer and that much of the excess risk-taking and careless financial practices that caused ...
HOPE NOW Conference Focused on Military Families, Mediation
Posted To: MND NewsWire HOPE NOW, the voluntary private sector alliance of mortgage industry stakeholders, recently concluded a two day conference in Washington which focused on assistance to military homeowners and foreclosure mediation. One group...
MBS Down, But Not Out Following Strong Jobs Report
Posted To: MBS Commentary There is plenty of play-by-play on the post-NFP sell-off in the MBS Recap . If you haven't seen those updates already, that's a good place to start, and in terms of where MBS are and what they're doing, there's not much mo...
MBS MID-DAY: Mostly Sideways After NFP-Inspired Losses
Posted To: MBS Commentary MBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 103-23 : -0-11 FNMA 4.0 105-20 : -0-06 FNMA 4.5 106-26 : -0-04 FNMA 5.0 108-01 : -0-01 GNMA 3.5 105-03 : -0-10 GNMA 4.0 107-25 : -0-06 GNMA 4.5 109-05 : -0-03 GNMA 5....
PHH Restructuring; MBA Classes; Servicing Comp Change Bearing Away; Harsher F...
Posted To: Pipeline Press The e-mail wires here in Miami have been burning up with...e-mails. PHH clients received a note from Norm Fitzgerald , explaining the recent restructuring. "I am writing to let you know we recently decided to reallocate re...
Calculating Current Coupon in a Record Low Rate Environment
Posted To: Secondary Markets The recent drop in rates has created some
interesting situations in the market, especially for lenders. First of
all, I'm not aware of any consensus on how to calculate a "current
coupon" rate in this environment. ...
Day Ahead: All Eyes On Employment Situation Report
Posted To: MBS Commentary First Friday of the month and time, once again, for The Employment Situation Report, or more specifically, the Non-Farm Payrolls headline. Both Manufacturing and Private payrolls are expected to have fallen somewhat from l...
Reports Continue to Show Home Price Declines
Posted To: MND NewsWire CoreLogic and Lender Processing Services (LPS) have each released their most recent Home Price Indices . CoreLogic's HPI covers December; LPS's covers the month of November. Here is a quick review of each. LPS found that the...
MBS RECAP: 2/2/2012
Posted To: MBS Commentary MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 104-03 : +0-05 FNMA 4.0 105-25 : +0-02 FNMA 4.5 106-29 : +0-00 FNMA 5.0 108-01 : +0-00 GNMA 3.5 105-14 : +0-05 GNMA 4.0 107-31 : +0-03 GNMA 4.5 109-07 : +0-01 GNMA 5.0 ...
Homeowners Continue Shift Away from Cash-Out Refinancing
Posted To: MND NewsWire Homeowners who refinanced their homes during the fourth quarter of 2011 either refinanced for about the same amount or actually brought cash to the table according Freddie Mac. Fewer than 15 percent of those who refinanced d...
Mortgage Rates Maintain Record Lows Ahead of Friday's Jobs Report
Posted To: Mortgage Rate Watch For the second day in a row, Mortgages Rates are just slightly better than unchanged. Best-Execution remains at 3.875% for conventional 30yr fixed loans, and the slight improvements seen today have benefited the borro...
MBS Rallying At All-Time Highs, Time To Look At FNMA 3.0 Coupons?
Posted To: MBS Commentary We've posed this question almost a month ago ( read more... ) and the answer is fairly similar this time around. That said, MBS prices are higher and more time has passed with the broader rates market trading in a reasonab...
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