Archive for the ‘Uncategorized’ Category
Friday, February 3rd, 2012
Posted To: MBS CommentaryMBS 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 5.0 110-27 ...
Posted in Uncategorized | No Comments »
Friday, February 3rd, 2012
Posted To: MND NewsWireThree 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. Schneiderman , charges that the creation and use of a privately ...
Posted in Uncategorized | No Comments »
Friday, February 3rd, 2012
Posted To: Mortgage Rate WatchThe 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 economic optimism created by this sort of data tends to increase demand for riskier investments like stocks ...
Posted in Uncategorized | No Comments »
Friday, February 3rd, 2012
Posted To: MND NewsWireTreasury 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 so much damage has been forced out. However, he said, "These gains will erode over ...
Posted in Uncategorized | No Comments »
Friday, February 3rd, 2012
Posted To: MND NewsWireHOPE 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 of servicers, investors, and housing counselors met with regulators, investors, and members of the military to ...
Posted in Uncategorized | No Comments »
Friday, February 3rd, 2012
Posted To: MBS CommentaryThere 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 more to say. So we'll focus ...
Posted in Uncategorized | No Comments »
Friday, February 3rd, 2012
Posted To: MBS CommentaryMBS 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 5.0 110-29 ...
Posted in Uncategorized | No Comments »
Friday, February 3rd, 2012
Posted To: Pipeline PressThe 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 resources from our Correspondent Lending channel to our Private Label Solutions ...
Posted in Uncategorized | No Comments »
Friday, February 3rd, 2012
Posted To: Secondary MarketsThe 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. The current coupon is calculated by
interpolating between coupons that are ...
Posted in Uncategorized | No Comments »
Friday, February 3rd, 2012
Posted To: MBS CommentaryFirst 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 last month's report with the 200k headline falling to 150k. With both stocks and ...
Posted in Uncategorized | No Comments »