Total mortgage balances grew in Q4'15 for first time in 9 years
A little more than half of the January-February rate drop has now un-dropped
Jumbo loan underwriting is far tougher on credit, income, income stability and appraisal
After a precipitous January drop, mortgage rates are now increasing once more
Big gains in jobs and a flicker of inflation might have reversed rates altogether -- thus, holding here is good news
Whenever something bad happens, we will overreact -- overreaction in direct proportion to how bad the bad was
The current policy puzzle is straightforward: why do we not have more new construction?
New data released last week contained some surprises
Existing-home and new-home sales data is out -- but what's it mean?
Exhaustion beats panic, and it’s quiet out there for the moment.
My beloved business partner of 20 years kept a few cartoons on her office door. The top one had a living room scene with a middle-aged couple on a sofa and opposite chair. The wife is speaking, and her caption: “Harold, I married you for your money. Where is it?”
All financial markets are, from time to time, victims of media stories saying that liquidity has dried up. Or the obverse of the coin: sellers are overwhelming the supply of buyers. One example: For decades, scaremongers have described the disaster which would follow liquidation of the hoard of Treasurys held by Japan or China, but in the currency instabilities of the last year, a couple of trillion-worth have been sold to defend overseas currencies from an overstrong dollar -- with no noticeable harm here at all.
There is no surprise, just verification
How far is down?
Asset-heavy borrowers have more 'splainin to do.
We're still a long way from normal
The Fed and the global economy are in a unique pickle
Peeking inside the numbers behind Black Knight's cash-out release
What's ahead for international markets
The rate of homeownership has stopped its straight-line collapse and may have begun to rise
