Brad Cahoone's (mcahoone) Blog

Three data points at 8:30 this morning; weekly jobless claims were expected to have declined 50K last week, as reported claims were down 44K after increasing 43K the previous week. Continuing claims 3.756 mil frm 3.751; the 4 wk average of claims 436K from 432K the previous week. April retail sal...

May 11, 2011: Webinar today on FHA lending & regulation; more chatter on the agencies & life in the biz; volatility & hedge costRob Chrisman Regardless of what my kids say, this commentary hasn't been around long enough to have ever been written by candlelight. But starting next year I will be ab...

Yesterday ended 8 straight days of improvement in the bond and mortgage markets, the 10 yr yield increased 5 bp and mortgages up 4 bp. This morning in early trading the 10 down 2/32 at 9:00 and mortgage prices down 3/32 (.09 bp). The 10 yr note driver for mortgages hit 3.14% the level hit in Marc...

May 10, 2011: NMLS licensing for Federally regulated lenders; Aventur in the jumbo lending space; Cato's opinion of Freddie & FannieRob Chrisman Incidents of mortgage fraud dropped from 2009 to 2010. Either that, or incidents rose - it depends who you ask. http://www.forbes.com/feeds/ap/2011/05/0...

Treasuries and mortgages continue to hold gains but fractionally lower early this morning; no selling just no buying ahead of today's $32B 3 yr note auction at 1:00. At 8:30 April import prices were reported up 2.2% and +11.1% yr/yr, export prices +1.1%; no noticeable reaction to the data. Earlie...

May 9, 2011: Mortgage jobs; 100% loans for NASA? HUD & Fannie reducing paperwork? Signs of life in commercial & multifamily; lots of investor updatesRob Chrisman Today the village of Plato, Mo., (population 109) will celebrate its selection as the "2010 Census Center of Population" at 1PM CST wit...

Treasuries and mortgages opened soft early this morning but by 9:00 were recovering with only minor price declines. No scheduled data today; most attention focused on the dollar and continuing concerns over Greece's debt. There was no additional news from the ECB or Greece over the weekend howeve...

Treasuries and mortgage markets better again this morning with the stock market weaker. Crude oil, gold, silver and other commodities lower as the commodity bubble continues to burst. At 8:30 more bad news for the economy, weekly jobless claims were expected to have declined 29K they increased 43...

May 5, 2011: Deutsche & MortgageIT, BofA & Countrywide; Freddie doesn't need money this time around; lots of investor u/w adjustmentsRob Chrisman Cinco de Mayo does not mark the discovery of tequila, but instead celebrates the legendary Battle of Puebla on May 5, 1862, in which a Mexican force of...

Slightly weaker this morning in the bond and mortgage markets after the 10 yr hit 3.25% yesterday, more of a psychological level than technical but still a level that may be tested before it tries breaking lower. The outlook for lower rates remains in tact, however at these levels to work lower w...