Posted To: Pipeline Press “Talk is cheap, because supply always exceeds demand”. For the week that just ended for the Fed, their MBS purchases totaled $17.6 billion, and they sold $6.6 billion, netting out that magical $11 billion weekly total. They are right on target to end this in about a month.
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Lenders Preparing for Fed’s Exit; Foreclosure Ban in Process?; FDIC Banking Profiles and CRA Requirements; More GFE
Posted To: Pipeline Press “Talk is cheap, because supply always exceeds demand”. For the week that just ended for the Fed, their MBS purchases totaled $17.6 billion, and they sold $6.6 billion, netting out that magical $11 billion weekly total. They are right on target to end this in about a month
See original here:
Lenders Preparing for Fed’s Exit; Foreclosure Ban in Process?; FDIC Banking Profiles and CRA Requirements; More GFE
Posted To: MBS Commentary AT A GLANCE (you like it when we do this?) GDP headline Slightly Better than expected at 5.9 vs 5.7, but tamer than expected inflation, and consumer spending.
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MBS OPEN: Limited Reaction To Upward Revision In GDP
Posted To: MND NewsWire Since Monday the benchmark S&P 500 has tumbled 0.56% but with fresh data on housing, growth, manufacturing, and consumer sentiment all before Noon, the trend could reverse course quickly. 90 minutes before the open, Dow futures are down 4 points to 10,312 and S&P 500 futures are trading 0.20 points higher at 1,102.50
Continued here:
The Day Ahead: GDP, Consumer Sentiment, Existing Home Sales, Fed Speak
Posted To: Mortgage Rate Watch Mortgage rates didn't make much progress in either direction yesterday despite some bond market friendly economic data and a successful Treasury note auction. Mortgage backed securities traded in a tight range which prevented most lenders from passing along improved mortgage rates. The economic calendar started this morning with weekly Jobless Claims.
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Mortgage Rates Touch 2010 Lows
Posted To: MBS Commentary Ok, so it's never a good time to ignore the MBS market, but the real question wouldn't fit into the title. Even then, it's a rhetorical question anyway, the purpose of which, to suggest that we merely ignore past ranges of MBS as indicative of how high or low they are in the current range.
More here:
MBS CLOSE: Time To Ignore MBS?
Posted To: The Garrett Watts Report What is the risk-return spectrum ? It is the relationship between the amount of return gained on an investment and the amount of risk undertaken in that investment
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The Risk/Return Spectrum: Investing in a Mortgage Bank
Posted To: MND NewsWire The Mortgage Bankers Association (MBA) has proposed a new tool for the Home Affordable Modification Program (HAMP) to specifically address the problems of unemployed borrowers. The Unemployed Borrower Bridge to HAMP Modification was laid out by MBA President John A.
