Wednesday, June 27, 2012

Mortgage Performance Best Since 2008; Suspicious Mortgage Activity Report

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Jun 27, 2012 2:04PM

OCC: Mortgage Performance Best Since 2008

Mortgage performance during the first quarter of 2012 was the best in three years according to the Office of Comptroller of the Currency's (OCC's) Mortgage Metrics Report . Percentages of mortgages that were 30 to 59 and 60 to 89 days delinquent were at the lowest level since at least the first quarter of 2008 when Metrics was first published. The percentage of mortgages current and performing at the end of the quarter was 88.9 percent up 1.1 percent from the previous quarter and 0.3 percent from...

Jun 27, 2012 2:43PM

Mortgage Rates Flat To Modestly Higher, Long Term Sideways Trends Intact

Mortgage Rates moved slightly higher today but remained well within a narrow range resting on all-time lows. Several lenders were actually unchanged day-over-day and others released improved rate sheets in the afternoon following strength in the secondary mortgage market. Best Execution for Conventional 30yr Fixed Loans remains at 3.625%. (Read More: What is A Best-Execution Mortgage Rate? ) The bond markets that underlie mortgage rates have essentially refused to move too far in one direction or...


Micro News

2:04 PM:

Positive Shifts In Reprice Risk As MBS Hit Highs

1:13 PM:

Ugly Five Year Auction Putting ALMOST Noticeable Pressure On MBS

10:05 AM:

Pending Home Sales Reach Highest Level Since Home Buyer Tax Credit Rush

9:36 AM:

Bond Markets Ridiculously Range-Bound Overnight; Near Unchanged Now

8:34 AM:

ECON: Durable Goods +1.1 vs +0.4 Consensus

3:15 PM:

Post-Treasury Close Volatility Working Against MBS For Now

2:21 PM:

Slightly Increased Risks Of Negative Reprices, But Narrow Range Helps

12:28 PM:

Volatility Working Both Ways. MBS Lose Half Their Gains

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Today's Comments

Ted Rood

"Now all we need is for this to happen about 100 more times, and have agents, developers, title companies, and builders involved be prosecuted as well...."

Jason Harris

"I hear more about money at home in the safe that one ever should....must be something in the water around here but seems like everybody has a few thousand..."

daniel.rodrigues

"Hi Rob You state "Despite rates remaining near all-time lows, conventional refinance application volume declined, and the HARP share of refinance..."

Today's Q&A

"Who offers Non-recourse loans"

"Loan Refinance Not Funded Because Comps Too Far Away"

"If a Co-Signer dies before the end of the loan?"