MBS OPEN: Yield Curve Flatter. Rate Sheet Influential Prices Higher
ByPosted To: MBS Commentary
Recap of Last Week Senior Loan Officer Survey indicates credit conditions still tightening. DU 8.0 will continue to contract credit availability in the mortgage market Home buyer tax credit resources HERE FHA Audit reveals FHA reserves at all time low READ MORE Fed Purchases $13.5 billion agency MBS. Slowing pace of purchases still yet to affect MBS valuations Purchase Mortgage Applications at 9 year low. Refinance apps +11.3%. MND Story JP Morgan Chase hiring originators. READ MORE Senator Dodd Proposes Financial Reform. Section 1503 encourages transparency in asset securitzation. Tall task for mortgage market to accomplish… READ Brian Montgomery's comments BEWARE: GSEs Strictly Enforcing Loan Buyback rules. Lender's must have skin in the game. Tim Rood discusses Wells Fargo reducing…(read more)