California Mortgage Market Report for Friday November 30th, 2007 - 11/30/07 11:28 AM
Mortgage Market Report for Friday November 30, 2007
Big Ben Bernake spoke last night and his tenor indicated that there would be a rate cut. Also a tame inflation report this morning from the PCE Personal Consumption Expenditure showed that inflation is in line at under 2% annually. A Fed rate cut … (0 comments)
|
California Mortgage Market Report for Monday November 29th, 2007 - 11/29/07 11:00 AM
Mortgage Market Report for Thursday November 29, 2007
This has been quite a volatile market of the past few weeks. Bonds are working on breaking through the ceiling of resistance that represents the best levels in two years.
The past 2 days in the stock market is the largest two day rally … (0 comments)
|
Christmas Kindness is Always in Season - 11/28/07 10:34 AM
The Wooden BowlA frail old man went to live with his son, daughter-in-law, and four-year old grandson. The old man's hands trembled, his eyesight was blurred, and his step faltered. The family ate together at the table.
But the elderly grandfather's shaky hands and failing sight made eating difficult. Peas rolled off … (8 comments)
|
California Mortgage Market Report for Monday November 28th, 2007 - 11/28/07 10:25 AM
Mortgage Market Report for Wednesday November 28, 2007
The markets are on moving this morning due to some comments by the New Your Fed Vice Chairman Donald Kohn. The markets interpret his comments that the Fed will need to be "nimble". This should mean the the Fed will be cutting rates in … (0 comments)
|
Mortgage Market Report for Tuesday November 27th 2007 - 11/27/07 10:22 AM
Mortgage Market Report for November 27, 2007
Yesterday we had a great day for mortgage backed securities. The bonds broke through the ceiling of resistance and hit a 2 year high and then retreated at this heavy resistance level.
Citigroup received a large investment from Abu Dhabi Investment Authority. Stronger stock sales … (3 comments)
|
Mortgage Market Report for Monday November 26th 2007 - 11/26/07 10:22 AM
Mortgage Market Report for Monday November 26, 2007
Today mortgage bonds are trading at their highest prices of 2007. This is nice but we touched off on this point about a month ago and turned lower over the next couple of weeks. The ceiling and floor are in a battle to see … (2 comments)
|
Mortgage Market Report for Monday November 23rd 2007 - 11/23/07 10:38 AM
Mortgage Market Report for Friday November 23rd, 2007
On this black Friday. Walmart opened at 5 AM this morning and shoppers have been flooding in since then. Most of the retailers stock prices started higher. This is a very shortened day and the market closes at 11:00AM Pacific Time.
The financials are going higher … (0 comments)
|
Four Way Test - 11/21/07 11:00 AM
… (0 comments)
|
Mortgage Market Report for Wednesday November 21th, 2007 - 11/21/07 10:15 AM
Mortgage Market Report for Wednesday November 21st, 2007
Volatility continues in the Bond Market.
It was noted that the mortgage bonds and the ten year treasury note were trading in opposite directions. Please listen to the article on this topic at www.contactherrick.com.
The Fed minutes were released and and forcast lower inflation ahead … (1 comments)
|
Mortgage Broker and Industry Professionals Mortgage Reform Update - 11/21/07 09:14 AM
Mortgage brokers and other industry professionals opposing the current form H.R. 3915 have created an online petition. There were 11600+ signatures on the petition so far. Please give this to your industry partners.
To view the petition, go to: http://www.petitiononline.com/HR3915/petition.html
Please feel free to use and post this link to promote the petition.
The … (0 comments)
|
Mortgage Market Report for Tuesday November 20th 2007 - 11/20/07 10:20 AM
Mortgage Market Report for Tuesday November 20th 2007
Stocks are up today lead by Hewlett Packard. The ripple affect from the Mortgage Meltdown is being felt in all of the financial stoakcs.
Mixed news in the housing market with housing starts reported higher than expectations and building permits are lower, this is … (0 comments)
|
Mortgage Market Report for Monday November 19th 2007 - 11/19/07 09:30 AM
Mortgage Market Report for Monday November 19th 2007The Citigroup has been downgraded and may have to write off an additional 4 billion due to sub-prime losses. This is pushing stock prices lower and has improved the bond market as traders park their investments.Tomorrow the Fed is scheduled to release the first … (1 comments)
|
California Mortgage Broker Market Report for Friday November 16th, 2007 - 11/16/07 11:35 AM
Mortgage Market Report for Friday November 16th, 2007Overall traders are looking ahead to next week. Trading volumes are light around the holidays Due to the light trading and the holiday break prices are vulnerable to erratic moves due to the low volumes. Next week the housing starts are expected to favor … (0 comments)
|
Mortgage Reform Act of 2007 UPDATE - 11/16/07 11:27 AM
This is an update on todays Mortgage Market Actions. Today is November 16, 2007The Mortgage Reform and Anti-Predatory Lending Act of 2007 HR3916 was passed by the House of Representatives late yesterday. The vote was 291-127 from the House which brings new lending standards, nationwide mortgage broker licensing and new rules … (1 comments)
|
California Mortgage Broker Market Report for Thursday November 15th 2007 - 11/15/07 11:07 AM
Mortgage Market Report for Thursday November 15, 2007The CPI or consumer price index was in line with expectations. Opening weaker the stock market is helping bonds.Core CPI was reported at 2.2% which is just slightly higher than last month. Traders and putting money into bonds from proceeds of stock sales, which … (0 comments)
|
Mortgage Market Report for Wednesday November 14th, 2007 - 11/14/07 10:10 AM
Mortgage Market Report for Wednesday November 14th, 2007
The Cato Institute had Fed Chairman Ben Bernake speaking. He showed some big changes in the way the Fed reports information. The new strategy will give a more timely insight into the Fed outlook. The Fed will double the frequency of the reports and … (0 comments)
|
Mortgage Market Report for Tuesday November 13th 2007 - 11/13/07 09:51 AM
Mortgage Market Report for Tuesday November 13, 2007
Stocks appear to be opening higher on the back of strong earnings from Walmart. The Retail Sales report will be out tomorrow. Traders are expecting a strong retail sales number that could be bad for bonds and good for stocks.
Morgan Stanley has disclosed that … (0 comments)
|
Mortgage Market Report for Friday November 9th, 2007 - 11/09/07 10:42 AM
Mortgage Market Report for Friday November 9, 2007
Today more losses in the sub-prime mortgage after Wachovia announced a loss. Stocks are beginning the day on the downside and money is flowing into bonds. The Dow and the S&P have broken below the 200 day moving average flow of support and the … (0 comments)
|
Mortgage Report "Bernake Speaks about US Economic Picture" - 11/08/07 12:04 PM
Mortgage Market Report for Thursday November 8th, 2007
In this morning Initial Jobless Claims was reported lower than expectations of and the lowest reading in a month. The report suggests the labor market remains fairly tight and this was slightly negative news for Mortgage Bonds.
However technical signals in the Bond market will … (2 comments)
|
Loretta Sanchez to Bernake "This Hits Home in Orange County" - 11/08/07 11:45 AM
Loretta Sanchez Orange County Hits Home
Her statement began with a compliant about looking for a home loan purchase with all of the underwriting qualifiers would give her a rate that is 1% higher than published conforming rates. After stating that she again hammered back again to Bernake about her represented … (1 comments)
|
Sweeping Changes in the Mortgage Industry - 11/07/07 09:52 AM
Wednesday November 7th 2007
The House Financial Services Committee on Tuesday approved a bill that would impose sweeping changes on the mortgage industry, including minimum standards for approving loans and some new liabilities on those who securitize mortgages. These items are sweeping changes for the mortgage industry.
The bill passed on a … (0 comments)
|
Sweeping Changes in the Mortgage Industry - 11/07/07 09:50 AM
Wednesday November 7th 2007
The House Financial Services Committee on Tuesday approved a bill that would impose sweeping changes on the mortgage industry, including minimum standards for approving loans and some new liabilities on those who securitize mortgages. These items are sweeping changes for the mortgage industry.
The bill passed on a … (2 comments)
|
Sweeping Changes in the Mortgage Industry - 11/07/07 09:50 AM
Wednesday November 7th 2007
The House Financial Services Committee on Tuesday approved a bill that would impose sweeping changes on the mortgage industry, including minimum standards for approving loans and some new liabilities on those who securitize mortgages. These items are sweeping changes for the mortgage industry.
The bill passed on a … (0 comments)
|
Mortgage Market Report for Tuesday November 6th, 2007 - 11/06/07 08:42 AM
Mortgage Market Report for Tuesday November 6th, 2007
Headlines have been dominated by news of financial institutions reporting major losses in their mortgage holdings. This has led to the departure of high profile CEO's like Merrill Lynch's Stan O'Neal, who after losing Billions of dollars last quarter, was rewarded with a ridiculous $160 … (0 comments)
|
California Mortgage Market Report for Monday November 5th, 2007 - 11/05/07 09:03 AM
Mortgage Market Report for Monday November 5th, 2007
More bad news was reported over the weekend from Citigroup, and Stocks are trading lower as a result.
Citigroup, the nation's largest bank, warned it will take an additional write-down from debt investments linked to mortgage-backed securities that have gone bad. The company's chairman and … (0 comments)
|
Do You Think Politicians Can Create A Cohesive Mortgage Reform Plan??? - 11/02/07 09:57 AM
The Mortgage Reform and Anti-Predatory Lending Act of 2007Here is a link to the new bill. Please take the time to read it. http://getresponse.com/t/9593521/627041/187824326/ A new bill has been proposed relating to the mortgage market and is scheduled to be voted on November 6th next week. This is a blockbuster and will … (4 comments)
|
Mortgage Market Report for Friday November 2nd 2007 - 11/02/07 09:52 AM
Mortgage Market Report for Friday November 2nd, 2007
The best Jobs number in six months was released this morning. It is more than double market expectations and previous revisions were negligible. The unemployment rate held steady. Stocks opened higher on the strong economic news and Bonds are starting the day with some … (0 comments)
|
The Morning After the FED CUT..... - 11/01/07 10:46 AM
Mortgage Market Report for Thursday November 1st, 2007
Bonds are moving upward this morning, erasing yesterday's losses. The reason for the rally in Bonds is due to the Stock market being down significantly so far today. This set the stage for a poor Stock open, and money is for now being pushed into Bonds.
As we … (0 comments)
|
;)
Links;)
Archives
