Sep 7, 2011 3:57PM Who in the world would talk about SUPPORT (evidence for an intermediate FLOOR for prices) when 10yr yields are around 2% and MBS are near all time highs? We would... But not because we're sure these supportive developments are here for the long haul. We'd just like to point them out to you because we think the current goings-on in 10yr yields and MBS prices are potentially a great way to look at intermediate to longer term lock/float strategy. You may be well aware that bond markets are generall... Sep 7, 2011 10:36AM MGIC announced its monthly operating statistics today for August, showing an increase in mortgage insurance and a decrease in delinquencies . New insurance written in August totalled 227842.3 bln. This is the highest level of the year, although July 2011, January 2011 and August of 2011 all stood at 227842.2 bln. The company also reported a decrease in the number of delinquent loans on its books, from 185,093 in July to 183,338 in August, also down 23.73% from one year ago (225,310 in Aug 2010). The improving...
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