Tuesday, October 25, 2011

Good Day for Mortgage Rates; HARP 2.0 and 2012 Production Volume

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Oct 25, 2011 4:49PM

Good Day for Mortgage Rates, But Volatility is Scary

As is eternally possible these days, news out of the Eurozone sent shockwaves through markets today and this time it worked to the advantage of Mortgage Rates , which improved at least one notch in terms of Best-Execution rates. Essentially, this means Best-Ex rates have continued to bounce back and forth against the right-hand side of the graphic we put together to show the available mortgage note rates that are eligible to be slotted into the most prevalent "bucket" in the secondary mortgage market...

Oct 25, 2011 10:57AM

Lenders Hope HARP 2.0 Changes 2012 Production Volume Forecasts; Ocwen to Buy Saxon Servicing from Morgan

We have six days until Halloween, after which, it seems, the pumpkin lots magically transform into Christmas tree lots. Halloween goes back to Celtic rituals thousands of years ago - even then guys probably didn't like dressing up for parties. The Census Bureau estimated that there were 41 million potential trick-or-treaters in 2010. No, they didn't count eggs thrown or toilet paper rolls hurled over tree limbs - that was the population of children age 5-14 in the U.S. Last Halloween there were 117...


Micro News

4:00 PM:

Econ Data and 5yr Auction Tomorrow, but EU Summit Dominates

2:22 PM:

Additional Rate Sheet Improvements Possible. Big Rally For MBS

11:01 AM:

MBS at New Highs. Reprice Outlook Positive for Early Sheets

10:39 AM:

FHFA House Price Index Falls 0.1 Percent in August

10:14 AM:

ECON: Consumer Confidence Drops to 2.5 Year Low

9:47 AM:

EU Summit Canceled? No... But This Headline Still Moving Markets

9:07 AM:

S&P Case Shiller: Home Prices +0.02%

8:53 AM:

Relatively Quiet Overnight. MBS Slightly Higher. More Waiting on EU

Around the Web

Video News

HARP: Stringing Along Housing or Fixing Housing?

Gapen Expects Shift to More Multi-Family U.S. Housing

Refi Rules Good for REITS?


Today's Comments

Bryant Jorgenson

"I can't believe that they didn't extend the qualification date beyond the current deadline. I continually get calls from people who originated..."

Ted Rood

"Love to hear whether Freddie loans changing lenders still have to go through Open Access, or whether they will be portable......how about PMI transferring..."

Dale Doughty

"Are they still going to require that any subordinate mortgage be resubordinated? I can't imagine that the lenders holding a second mortgage will be..."

Today's Q&A

"Can I take advantage of the new HARP 2.0 changes? "

"Refinancing with bad LTV - Now going to be possible? Or is this just more smoke & mirrors?"

"I own a house free and clear . Can I still do a short sale on my other house "