Industry News : Provided by Thompson Mortgage & Associates, Inc.

Delinquencies, Foreclosures, and Inventories Improve in CoreLogic Data

2/8/2012 11:54 AM

According to CoreLogic, the Santa Ana California based provider of information and business services, there were a total of 830,000 foreclosures nationwide in 2011 compared to 1.1 million in 2010. The most recent monthly numbers, for December 2011, were down from foreclosures both a month earlier a...Read More

Missouri Goes After Processor DocX; Wells Now #1 Servicer; Rural Streamlines

2/8/2012 10:59 AM

Posted To: Pipeline Press

What, exactly, qualifies a person as "rich"? It depends who you are - here in the States the wealth of the top 1% is about 225 times greater than that of the typical family, compared to 125 times in 1962, and the cumulative wealth of the Forbes 400 was $1.54 trillion...Read More

MBS MID-DAY: 2/8/2012

2/8/2012 10:17 AM

Posted To: MBS Commentary

MBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 103-26 : +0-03 FNMA 4.0 105-20 : +0-01 FNMA 4.5 106-23 : -0-01 FNMA 5.0 108-00 : -0-01 GNMA 3.5 105-09 : +0-03 GNMA 4.0 107-31 : +0-02 GNMA 4.5 109-06 : +0-00 GNMA 5.0 110-30 : +0-00 FHLMC 3.5 103-16 : +0-02 FHLMC 4.0 105-03 :...Read More

Refinancing Apps Rise on Record Low Rates

2/8/2012 7:58 AM

Posted To: MND NewsWire

Mortgage rates broke another set of records during the week ended February 3, establishing several new historic lows. In response, the seasonally adjusted Mortgage Bankers Association's (MBA) Market Composite Index, a measure of mortgage application volume , rose 7.5 percent and 8.7 percent on an u...Read More

Day Ahead: 10yr Auction And Another Probable Greek Deadline Miss

2/8/2012 7:06 AM

Posted To: MBS Commentary

The theme of light economic data continues on Wednesday with MBA Mortgage Apps being the only item of note. Even then, it's only notable due to it's pertinence to our industry and is not a market mover. Both the refi and purchase indexes snapped 3 week losing streaks with the Purch...Read More

MBS RECAP: 2/7/2012

2/7/2012 3:17 PM

Posted To: MBS Commentary

MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-23 : -0-04 FNMA 4.0 105-18 : -0-04 FNMA 4.5 106-23 : -0-04 FNMA 5.0 107-32 : -0-05 GNMA 3.5 105-05 : -0-02 GNMA 4.0 107-28 : -0-01 GNMA 4.5 109-04 : -0-03 GNMA 5.0 110-29 : -0-04 FHLMC 3.5 103-13 : -0-05 FHLMC 4.0 105-06 : -...Read More

House Committee Acts on Bill to Protect FHA Fund

2/7/2012 3:11 PM

Posted To: MND NewsWire

A sub-committee of the House Financial Services committee today approved the FHA Emergency Solvency Act which is intended to shore up the finances of the Federal Housing Administration (FHA). The legislation strengthens FHA's Mortgage Insurance Fund by establishing minimum annual premiums for mortg...Read More

Mortgage Rates Slightly Higher as Greece, Auctions Weigh on Markets

2/7/2012 2:47 PM

Posted To: Mortgage Rate Watch

Although the recently confirmed 3.875% Best-Execution level remains intact for 30yr fixed, conventional loans, Mortgages Rates moved slightly higher today in terms of the costs required to obtain those rates. Weakness in Treasuries today was more pronounced than MBS, the "mortgage-...Read More

MBS Relative Performance and Bond Duration - An Intro

2/7/2012 2:06 PM

Posted To: Secondary Markets

MBS went through an interesting Employment Friday. I know it’s hard to remember back after a long weekend (especially for N.E. fans), but the bond market sold off pretty substantially on Friday after a better-than-expected employment report.&nbs...Read More

MBS and Treasuries Battling Back After 3yr Auction, Greece News

2/7/2012 1:31 PM

Posted To: MBS Commentary

Bond markets had already been trending into negative territory leading up to today's 3yr auction, but took a turn for the worse afterwards with some help from a few newswires out of Greece. All that is detailed in the following alert from MBS Live. 3 Year Auction Moves The Whole St...Read More