Posted To: MBS Commentary Well well well, look where we sit. 10s rose from 3.60 to 3.80 in seven sessions.
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MBS WEEKLY: Bearish Bond Technicals Battle Mixed Econ Outlook
MBS WEEKLY: Bearish Bond Technicals Battle Mixed Econ Outlook
Fannie Mae to Clean Up Purchase Process. And Jumpstart the Non-Agency Market at Same Time?
Posted To: MND NewsWire If I was selling loans at the moment and I wanted to reduce secondary marketing ' leakage ', I would take special note of the changes, updates, and guidance's offered by Fannie Mae's QC department in Lender Letter 2010-03 below. THE LOAN QUALITY INITIATIVE! (aka loan repurchase world!) The only thing I might add before you read on is FNs loan purchasing systems/work flow are tedious and usually time consuming
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Fannie Mae to Clean Up Purchase Process. And Jumpstart the Non-Agency Market at Same Time?
MBS AFTERNOON: Reprices for the Better Reported
Posted To: MBS Commentary Although “rate sheet influential” MBS coupons are off intra day price highs, we are seeing reprices for the better.
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MBS AFTERNOON: Reprices for the Better Reported
MBS LUNCH: Rally On! Enjoy The Ride
Posted To: MBS Commentary AT A GLANCE No Further Data Left Today No Further Trading Days Left This Month (traditional month end lift for bonds) Stocks Unable To Break Previous Highs Ongoing Lack Of Super-Bullish Data MBS and Tsy's Both Taking The Opportunity To Test Resistance 4.5's are up 11 ticks at 101-10 10yr Tsy is up 9 ticks at 3.60 yield. Profit taking expected, Tsy's not seen making significant headway down into the 3.5's MBS Prices and Tsy yields are experiencing a sort of best-case-scenario day where an uncommonly econ-data-dense Friday failed to hit the long ball for equities
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MBS LUNCH: Rally On! Enjoy The Ride
Freddie Mac to Eliminate Interest Only Option. Lender Overlays Loom
Posted To: MND NewsWire Freddie Mac is taking another step in the direction of historically responsible lending habits. The Enterprise today announced it would no longer offer interest only loans as of Sept. 2010
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Freddie Mac to Eliminate Interest Only Option. Lender Overlays Loom
FHFA: GSEs Focused on Core Businesses and Responsible Lending
Posted To: MND NewsWire The central goal of the Federal Housing Finance Agency (FHFA) in managing its conservatorship of Freddie Mac and Fannie Mae is and conserving the assets of the corporations by minimizing their credit losses from delinquent mortgages. This goal and others were outlined in a letter earlier this month from Edward J
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FHFA: GSEs Focused on Core Businesses and Responsible Lending
MBS MORNING: Existing Home Sales Falls Short Of Expectations
Posted To: MBS Commentary AT A GLANCE MBS up 4 ticks on the day at 101-03 (tough resistance at 101-04) 10yr Tsy up a tick with mid to high 3.62 yield (tough resistance at 3.62) Existing Home Sales at 5.05 mln vs. consensus of 5.5 mln Chicago PMI at 62.6 vs 60.0 consensus, highest since April 2005, but internals mixed Consumer Sentiment Slight Miss at 73.6 vs 74.0, inflation expectation slightly lower, other internals slightly weaker, all bond friendly resistance levels in MBS and Tsy's will be tough to break, but S&P at 1106 could cap stocks as well, allowing bonds to maintain support With the next raft of data out, the outlook in the benchmark 10yr note remains exceedingly narrow and without a whiff of volatility as it bounces in the days main range roughly between 3.62 and 3.63. Decisive moves out of that…( read more ) Forward this article via email: ?? Send a copy of this story to someone you know that may want to read it
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MBS MORNING: Existing Home Sales Falls Short Of Expectations
MBS MORNING: Existing Home Sales Falls Short Of Expectations
Posted To: MBS Commentary AT A GLANCE MBS up 4 ticks on the day at 101-03 (tough resistance at 101-04) 10yr Tsy up a tick with mid to high 3.62 yield (tough resistance at 3.62) Existing Home Sales at 5.05 mln vs. consensus of 5.5 mln Chicago PMI at 62.6 vs 60.0 consensus, highest since April 2005, but internals mixed Consumer Sentiment Slight Miss at 73.6 vs 74.0, inflation expectation slightly lower, other internals slightly weaker, all bond friendly resistance levels in MBS and Tsy's will be tough to break, but S&P at 1106 could cap stocks as well, allowing bonds to maintain support With the next raft of data out, the outlook in the benchmark 10yr note remains exceedingly narrow and without a whiff of volatility as it bounces in the days main range roughly between 3.62 and 3.63
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MBS MORNING: Existing Home Sales Falls Short Of Expectations
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