Posted To: MBS Commentary ( MBS Live ) - 1:51 PM - For all the apparent drama on the short term charts, today's sell-off in bond markets is rather orderly in broader contexts. Read the article: Bond Markets Remain in Weaker Territory Following Bernanke Testimony … [Read more...]
HARP Shows Pull Even While Refi Applications Dip: MBA
February 29, 2012 by
The refinance share of mortgage applications broke with several weeks of activity by falling below 80 percent last week, even while more borrowers took advantage of the expanded Home Affordable Refinance Program. See original article: HARP Shows Pull Even While Refi Applications Dip: MBA … [Read more...]
Two More MERS Cases Decided
February 29, 2012 by
Posted To: MND NewsWire Two more courts have upheld the validity of mortgage assignments passed through the Mortgage Electronic Registration System (MERS). Continued here: Two More MERS Cases Decided … [Read more...]
Fannie Mae’s Losses Narrow but Treasury Advance Requested
February 29, 2012 by
Posted To: MND NewsWire Fannie Mae is reporting a net loss of $2.4 billion for the fourth quarter of 2011 compared to a net loss of $5.1 billion in the third Quarter. For the entire 2011 year it reports a net loss of $16.9 billion compared to $14.0 billion in 2010. The fourth quarter losses reflect … [Read more...]
Echo Boomers and Home Ownership; Redwood Trust’s Loss; Thoughts on Agency Condo Policies
February 29, 2012 by
Posted To: Pipeline Press Happy Leap Year! If you are a real astronomy nut, check out this youtube video . If you are not, don't bother. Underwriters and LO's rarely raise an eyebrow when I say something like, "Studies find that 43% of households have less than $1,000 in liquid savings and 28% live … [Read more...]
HARP Activity Increasing Even as Refinancing Contracts
February 29, 2012 by
Posted To: MND NewsWire Applications for purchase mortgages jumped during the week ended February 24, but the Mortgage Bankers Association's (MBA) Market Composite Index still finished the week down slightly from the week before. Visit link: HARP Activity Increasing Even as Refinancing Contracts … [Read more...]
The Day Ahead: European Refi Day, Bernanke at Congress, and 1st Q4 GDP Revision
February 29, 2012 by
Posted To: MBS Commentary Markets mostly shrugged off a much-better-than-expected Consumer Confidence number on Tuesday in favor of a much worse-than-expected Durable Goods report, at least at the beginning of the day. Things exceedingly choppy within the scope of this week's narrow range following … [Read more...]
Donovan: FHA Working on Alternate Premium Structure for Streamlines
February 28, 2012 by
Posted To: MND NewsWire In broad ranging testimony before the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, Housing and Urban Development (HUD) Secretary Shaun Donovan touched on the substantial risks confronting FHA and its Mutual Mortgage Insurance (MMI) Fund in the coming … [Read more...]
LPS Extends Its Streamlined Settlement Program Supporting HARP 2.0
February 28, 2012 by
Lender Processing Services Inc. (LPS) has announced that its LSI Title Division is extending its Streamlined Settlement solution to help lenders meet the Home Affordable Refinance Program (HARP) 2.0 agency program guidelines. See the original post: LPS Extends Its Streamlined Settlement Program … [Read more...]