View this Report in your Web Browser | Forward to a Friend | Subscribe | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
View this Report in your Web Browser | Forward to a Friend | Subscribe | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications. |
Monthly Archives: April 2014
MBS RECAP: Weak GDP Helped Some, FOMC got out of the way
MBS RECAP: Weak GDP Helped Some, FOMC got out of the way
Posted to: MBS Commentary
Wednesday, April 30, 2014 3:54 PM
Forward this email: Send a copy of this story to someone you know that may want to read it.
Heading into the last hour of trading on this all-star day, bond markets have moved at a fairly average pace, albeit in rate-friendly directions. The direction is welcome, but the magnitude of the move risks being a disappointment considering the magnitude of the miss in GDP (0.1 vs 1.2 forecast).
The caveats are well known and twfold:
1. It’s NFP week so with the much bigger consideration coming up the day after tomorrow, markets hesitate to move as much as they otherwise might.
2. The perennial frustration of interpreting data that’s been tainted with the stench of the…
More from MND:
- Mortgage Rate Watch: Mortgage Rates Improve on Weak GDP, Tame Fed Announcement
- MND NewsWire: GSE’s Pass FHFA Stress Tests with no Treasury Debits
- MBS Commentary: Differences Between Past and Current FOMC Statements
- MND NewsWire: Up to Half the Population in Some States Would Rather Live Somewhere Else
- MBS Commentary: MBS MID-DAY: Bond Markets Staying Strong After Mixed Morning Data
If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/360064.aspx
You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email
Unsubscribe from all Email Communications
Forward this email: Send a copy of this story to someone you know that may want to read it.
Daily Rate Update: Mortgage Rates Improve on Weak GDP, Tame Fed Announcement
View this Report in your Web Browser | Forward to a Friend | Subscribe | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
View this Report in your Web Browser | Forward to a Friend | Subscribe | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates presented in this report are averages and are subject to change without notice. You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications. |
GSE’s Pass FHFA Stress Tests with no Treasury Debits
GSE’s Pass FHFA Stress Tests with no Treasury Debits
Posted to: MND NewsWire
Wednesday, April 30, 2014 1:30 PM
Forward this email: Send a copy of this story to someone you know that may want to read it.
This will be the first year that financial institutions will be required to submit to stress tests under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Previous stress tests, dating back to 2010, were required and conducted by the Treasury Department. Like other financial companies with consolidated assets of more than $10 billion and which are regulated by a primary federal regulatory agency, Freddie Mac and Fannie Mae (the GSEs) will be required to take the tests to determine if they have the capital necessary to absorb losses as a result of adverse economic conditions.
In addition to the Dodd-Frank requirements, the GSEs’ regulator, the Federal Housing Finance Agency (FHFA) has continued its practice of working with the companies to develop forward-looking financial projections across three possible house price paths. These are referred to as the FHFA scenarios and the GSEs, as in the past, have been required to conduct them in conjunction with the other stress tests. This, however, will be the last year for this FHFA requirement.
More from MND:
- MBS Commentary: Differences Between Past and Current FOMC Statements
- MND NewsWire: Up to Half the Population in Some States Would Rather Live Somewhere Else
- MBS Commentary: MBS MID-DAY: Bond Markets Staying Strong After Mixed Morning Data
- Pipeline Press: Interest-Only Recasts; Referral Fee Discussion; MBA App Numbers
- MND NewsWire: Mortgage Applications Lowest Since 2000
If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/04302014_fhfa_stress_tests.asp
You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email
Unsubscribe from all Email Communications
Forward this email: Send a copy of this story to someone you know that may want to read it.
Differences Between Past and Current FOMC Statements
Differences Between Past and Current FOMC Statements
Posted to: MBS Commentary
Wednesday, April 30, 2014 1:59 PM
Forward this email: Send a copy of this story to someone you know that may want to read it.
Information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently, after having slowed sharply during the winter in part because of adverse weather conditions. Labor market indicators were mixed but on balance showed further improvement. The unemployment rate, however, remains elevated. Household spending appears to be rising more quickly. Business fixed investment edged down, while the recovery in the housing sector remained slow. Fiscal policy is restraining economic growth, although the extent of restraint is diminishing. Inflation has been running below the Committee’s longer-run objective, but longer-term inflation expectations have remained stable.
More from MND:
- MND NewsWire: Up to Half the Population in Some States Would Rather Live Somewhere Else
- MBS Commentary: MBS MID-DAY: Bond Markets Staying Strong After Mixed Morning Data
- Pipeline Press: Interest-Only Recasts; Referral Fee Discussion; MBA App Numbers
- MND NewsWire: Mortgage Applications Lowest Since 2000
- MBS Commentary: MBS Day Ahead: First Quarter GDP and FOMC Announcement Try to Shake Things Up
If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/360029.aspx
You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email
Unsubscribe from all Email Communications
Forward this email: Send a copy of this story to someone you know that may want to read it.
Up to Half the Population in Some States Would Rather Live Somewhere Else
Up to Half the Population in Some States Would Rather Live Somewhere Else
Posted to: MND NewsWire
Wednesday, April 30, 2014 10:59 AM
Forward this email: Send a copy of this story to someone you know that may want to read it.
In a survey they might as well have subtitled “The Grass is Always Greener,” Gallup found that about a third of Americans would, if given the opportunity, pick a different state in which to live. Even in those states where the largest percentage of residents were satisfied to stay put, almost a quarter would leave if they could.
In three states nearly as many people want to leave as want to stay. Fifty percent of those surveyed in Illinois indicated a desire to move as did 49 percent in Connecticut and 47 percent in Maryland. Other states where at least four out of ten residents felt they would be happier elsewhere included Nevada, Rhode Island, New Jersey, New York, Massachusetts, and Louisiana.
More from MND:
- MBS Commentary: MBS MID-DAY: Bond Markets Staying Strong After Mixed Morning Data
- Pipeline Press: Interest-Only Recasts; Referral Fee Discussion; MBA App Numbers
- MND NewsWire: Mortgage Applications Lowest Since 2000
- MBS Commentary: MBS Day Ahead: First Quarter GDP and FOMC Announcement Try to Shake Things Up
- MBS Commentary: MBS RECAP: Weaker to Start; Back in the Range by Afternoon
If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/04302014_gallup_resident_satisfaction.asp
You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email
Unsubscribe from all Email Communications
Forward this email: Send a copy of this story to someone you know that may want to read it.
MBS MID-DAY: Bond Markets Staying Strong After Mixed Morning Data
MBS MID-DAY: Bond Markets Staying Strong After Mixed Morning Data
Posted to: MBS Commentary
Wednesday, April 30, 2014 11:04 AM
Forward this email: Send a copy of this story to someone you know that may want to read it.
The blue line is stocks; yellow is 10yr yields. When we see a chart like this on the last 2.5 days of the month–ESPECIALLY when the recent norm has been for stock prices and bond yields to travel together–the tacit suggestion is that bond markets are benefiting from ‘month-end’ buying.
Money managers and other account types have certain trades that either must be made or that would simply be advantageous/prudent to make by the end of the month. This can arise from the need to match a certain published index or simply to “hit numbers” for the month.
One thing we know about…
More from MND:
- Pipeline Press: Interest-Only Recasts; Referral Fee Discussion; MBA App Numbers
- MND NewsWire: Mortgage Applications Lowest Since 2000
- MBS Commentary: MBS Day Ahead: First Quarter GDP and FOMC Announcement Try to Shake Things Up
- MBS Commentary: MBS RECAP: Weaker to Start; Back in the Range by Afternoon
- MND NewsWire: Price Increases Slow in Latest Case Shiller Report
If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/359969.aspx
You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email
Unsubscribe from all Email Communications
Forward this email: Send a copy of this story to someone you know that may want to read it.