MBS Live : MBS Afternoon Market Summary This morning, we suggested that markets are relatively out of trading ideas until the next big-ticket items start hitting and thus, might use whatever opportunities arise to make course corrections within a broader range (read more about the ...Read More
Mortgage Rates continue to experience minor volatility near all-time lows, bouncing moderately higher today after moving lower yesterday. The move didn't take rates any higher than Tuesday's rather abrupt short-term highs, and despite the fact that rates have moved in opposite dire...Read More
The Residential Mortgage-Backed Securities (RMBS) Working Group unveiled a new website on Thursday to enable "whistleblowers" to report mortgage-backed securities (MBS) related misconduct. The group also announced the creation of a new team to coordinate various securities-related investigations ar...Read More
The Mortgage Bankers Association ( MBA ) is projecting that mortgage originations in 2012 will be $200 billion higher than was originally anticipated. Almost all of the increase will be coming from a boom in refinancing, but none of the additional originations are pegged to the Home Affordable Refi...Read More
(There aren't many folks in the world who, on their death bed, would exclaim, "I wish I had another day of work!" With that in mind, I am biking around in the high country in Southern Utah, camping with no internet, and Brad Nease with Carrington is pinch hitting for...Read More
MBS Live : MBS Morning Market Summary There's not really much to today's weakness. It's moderate, it's steady, and it began yesterday. After hitting the strongest recent levels yesterday morning, MBS and Treasuries have been grinding slowly and steadily weaker. Speaking of "slowly,...Read More
In its third semi-annual report to Congress the Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) recapped its activities during the six month period ending April 30. OIG is charged with promoting transparency in FHFA's program administration and oversight of the operati...Read More
With very limited data and an early close on Friday, today will serve as the last trading day of the week in many regards. For starters, it's the last of the Treasury coupon auctions, this time 7yr Notes at 1pm . Yesterday's 5yr auction was almost completely uneventful though, thou...Read More
Freddie Mac said that first quarter 2011 economic data that has begun to emerge from various sources are, even though some is preliminary, beginning to create an impression of what the year may hold. Data on economic growth indicates that the quarter had slower growth than the one that preceded it ...Read More
MBS Live : MBS Afternoon Market Summary Once again bond markets came into the session at better levels achieved during overnight trading. In fact, things were looking up ever since ex-Greek PM Papademos noted that a Greek Euro-zone exit was a real risk. Everything since then has be...Read More
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