Monday, August 22, 2011

MBA Forecast: Lowest Loan Production Since 1997

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Aug 22, 2011 12:43PM

MBA Forecast: Lowest Loan Production Since 1997

The third quarter is shaping up to be the best in 2011 from the standpoint of mortgage originations according to the Mortgage Bankers Association (MBA). Figures released on Friday predict that the September-December period will see a total of $294 billion in originations and the year will finish up with 225704.1 trillion in residential volume. The year-end results will be approximately $100 billion higher than earlier forecasts due to more refinancing than anticipated. Purchase originations however will...

Aug 22, 2011 9:33AM

The Week Ahead: Jackson Hole, Treasury Auctions, Limited Data

A "risk-off" environment helped bonds rally last week and led mortgage rates back into record low territory. Weak economic data around the world and continued "can kicking" in Europe sparked a sell-off in stocks and pushed the benchmark 10-year Treasury note yield below 2.00% for the first time ever. In the week ahead investors will be searching for a bottom in both equities and interest rates. Stock markets are already set to begin the week more than 1% higher. The collapse of Muammar el-Qaddafi...


Micro News

4:00 PM:

Tomorrow Adds Some Economic Data and a Treasury Auction

4:00 PM:

Freddie Mac: PMI Mortgage Insurance Suspended as Mortgage Insurers

3:02 PM:

ECON: Business Borrowing Tanks in July. Still up on The Year

2:55 PM:

Trading Ranges Narrower All Day. Sideways, Boring, Inconsequential

1:27 PM:

MBA: Delinquencies Rise, Foreclosures Fall in Latest Mortgage Delinquency Survey

1:18 PM:

HUD: FHA Multifamily Loan Volume Sets New Record

11:52 AM:

Last Week's Most-Originated MBS Coupon: Fannie 4.0's

10:36 AM:

PMI and PMAC Discontinue Mortgage Insurance Operations

Around the Web

Video News

Pallotta Says Mortgage Delinquencies Tied to Home Values

Homebuyers Hunker Down as Market Swings Sap Confidence

NABE Survey: Economists Worried


Today's Comments

Adam Quinones

"Spreads will stay wide until rates rise. This is a factor of faster prepayment expectations and expensive dollar prices."

Gary Powell

"Hmmm, as previously noted by Adam, there has been a pretty dramatic widening of spreads between MBS and Tsys. Can we expect this spread to be sustained..."

BO  Smith

"Its unfortunate that good quality loan officers and realtors suffer at the hands of tight regulation. Or as some say "Bad Things Happen to GOOD PEOPLE"..."

Today's Q&A

Anonymous

"Is it illegal for a bank to sell a loan to another entity without..."

Anonymous

"To calculate my next months interest amount, do I multiply the..."

Anonymous

"Is a mortgage considered a respa document?"

Today's Forum Discussions

John Roberts - TN Consumer

"In a nutshell, I'm one of your easiest customers to qualify (I think). Location is West Tennessee. All Credit scores near, possibly above, 800 Full..."

Al Sal

"Loan Scenario View All Post A Scenario Loan State: California Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $550,000 Property Value: $850..."

BH

"I currently have a 20 yr first mortgage at 5.875 on my home in SC (29621) valued at approx 185,000 with bal of 71,000. Loan is a 20 yr (started 10/02)..."

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