Financial Hub Logo Financial Hub
iPage site builder banner
83
What will it take to spur economic recovery in Florida? Chief economists weigh in.
91

Posted To: MND NewsWire

There were substantial improvements in delinquency rates during the first quarter of 2012 according to the National Delinquency Survey for the period released this morning by the Mortgage Bankers Association. At a conference call for media accompanying the release, Jay Brinkmann, MBA's Chief Economist and Senior Vice President of Research and Education said that the combined percentage of loans in foreclosure or at least one payment past due was 11.33 percent, a 120 basis point (bp) decrease from last quarter and 98 from one year ago. This was
Read More
the lowest that this measure has been since 2008. This improvement was driven by a 62bp decrease in the rate of loans that were 30 days or more delinquent. Brinkmann said that the first quarter generally experiences a decline in 30-day delinquencies for...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

1
How To Successfully Qualify For A Bank Loan? Before applying for any kind of loan, it is prudent to analyze just how much money you need and precisely how long you need it for. Then compare the rates and conditions you...
34
Payday loan no teletrack is the right place to be if you are in need of cash assist before payday with added benefit of no teletrack. With us you can find array of matchless loan services that you get without the hassle of teletrack Same Day Loans, No Teletrack Loans!
51
Posted To: MBS CommentaryMBS found support at 100-05 in 4.5's and stayed above that level to end 9 ticks down at 100-07 Similarly, the 10yr Note found support as it neared 3.80, closing at 3.791 Both flavors of bonds were weaker this AM heading into the auction a "not-especially-weak" 10yr re-opening was weak enough to spark marginal additional losses Declines in price/increases in yield were evenly distributed before and after 1pm. Last auction of the week coming up tomorrow as well as more econ data Apart from that which has already been disc
Read More
ussed, nothing much exciting happened through the close today. The same technical levels discussed earlier in the day--100-05 in MBS and 3.80 in the 10yr--held firm and provided several good showings of support by the end of the day. Despite the discussion of the...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
46
Posted To: MBS CommentaryAfter a slightly better than expected 10yr auction, MBS succumbed to a back up in treasury yields. The auction results were not "better enough" to justify the lower yields of the morning's short covering rally in tsy's that saw 10yr yields fall as low as 3.435. After a few moments of indecision, both markets worsened significantly, but not severely as 10yr yields backed up to 3.5+ while MBS fell as low as 100-31. At final marking, 4.5 MBS was up 2 ticks at 101-05, still well over critical support at 100-28+, but tak
Read More
ing a noticeable step back from resistance at 101-10+, thus setting up an interesting range to watch tomorrow. The 10yr also did a dance with technically significant price levels after finding support at the long term 3.5 level (also short term in the sense that...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
16
Posted To: MBS CommentaryGood Afternoon everyone. Today is Notification Day in the TBA MBS market... At this point, veteran MBS commentary readers are well aware of the events that unfold on "Notification Day". When the process I am about to describe occurs, we usually make a big fuss about it...sometimes we even issue an alert to scare the daylights out of everyone. HAHA sorry but its kinda funny to us! While that humor comes at your expense, it serves a purpose. If written the right way, an MBS ALERT can stick in your memory for months to come. T
Read More
hink back on the chaos that ensued on Black Wednesday. That alert got over 20,000 hits. Remember November 25, 2008? That is the day the Federal Reserve announced the MBS purchase program. The former alert stuck in our memories because rate sheets lost up to 200...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
32
Posted To: MND NewsWireCiting 22.0 billion of credit-related expenses, Fannie Mae Thursday night announced it lost a net $18.9 billion in the third quarter of 2009. Losses in the second quarter totaled $14.8 billion and $30 billion in the third quarter of 2009. The third quarter loss resulted in a net deficit of $15 billion as of September 30 and prompted the Acting Director of the Federal Housing Finance Agency (FHFA) to request an additional infusion of that amount from the Department of the Treasury. FHFA has asked that the $15 million be made available by December 31.
Read More
The loss on a per share basis was $3.47, a substantial increase from the $2.67 loss posted last quarter, but a vast improvement over the $13 per share loss during the third quarter of 2008. Fannie reported net revenues of $5.95 billion in the third...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
8
Posted To: MND NewsWireIt is finally official. The homebuyers' tax credit has been extended to April 30, 2010. President Barack Obama approved the extension as part of a $24 billion economic stimulus bill signed Friday. The bill also includes an extension of unemployment benefits to the longtime jobless and tax credits for some businesses. The housing tax credit portion of the bill extends the $8,000 tax credit for home buyers who are purchasing their first home from the current November 30 deadline and expands the program to offer a credit of $6,500 to other homeowner
Read More
s who have lived in their current home for at least five years and are seeking to relocate. Another modification to the original legislation raises the income limits for program participation from $75,000 for a single purchaser to $125,000 and from...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
45
Posted To: MBS CommentaryIn a week that promised to be eventful, MBS played the volatility role with the rest of the market, but left it's benchmark's in the dust when all was said and done. The measure of the secondary MBS market that takes into consideration the prepayment speed weighted yields as well as the production mix of MBS volume and expresses that notional yield at parity fell to 4.258 (that's secondary market current coupon, btw...). With the 10yr yield ringing the 3.5 bell right on the nose, that brought spreads between MBS and Tsy&#
Read More
39;s to an eye-wateringly tight 75.9bps! They started the week at an already tight 87.9bps... Though I could try, I'm not sure there's much I could do to convey just how tight these spreads are... Well, I guess a chart might do... This is the current coupon...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Join Our Newsletter:


What is Financial Hub?

Financial Hub is a unique web place where you can dig, publish, share financial information and news. Here you will learn how to earn, save, multiply, and spend money. Register at Financial Hub and you will get to know everything about money?

Latest Comments
Financial Hub News