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. Traders have grown increasingly accustomed to finding opportunities in market movement that is historically narrow More here: Bond Markets Remain in Weaker Territory Following Bernanke Testimony … [Read more...]

Posted To: MND NewsWire Two more courts have upheld the validity of mortgage assignments passed through the Mortgage Electronic Registration System (MERS). Two judges, both in the U.S More: Two More MERS Cases Decided … [Read more...]

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 See the original article here: Fannie Mae's Losses Narrow but Treasury Advance Requested … [Read more...]

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. The index, derived from the MBA's Weekly Mortgage Application Survey decreased 0.3 percent from the previous week on a seasonally adjusted basis and 9.4 percent unadjusted. The week's results are also adjusted for the Presidents Day holiday Continued here: HARP … [Read more...]

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 the scheduled Fed Twist buying and European close, ultimately leaving MBS and Treasuries very close to Monday's latest levels Taken from: The Day Ahead: European Refi Day, Bernanke at Congress, and … [Read more...]

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 years and the potential for returning the Fund to solvency by 2015. View original post here: Donovan: FHA Working on Alternate Premium Structure for Streamlines … [Read more...]

Posted To: MBS Commentary Bond markets came into today in positive territory from the outset. Technical conditions helped foster bullish momentum for Treasuries overnight and into the domestic open even before a surprisingly lackluster Durable Goods report sent yields even lower. Bond markets then "faded" a better-than-expected Consumer Confidence report and hit their best levels of the day during the Fed's scheduled buying in the 2020/2021 maturities Read More: MBS Prices From Lows to Highs … [Read more...]