Brad Cahoone's (mcahoone) Blog

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Mortgage and Lending - Global Home Finance Inc. NMLS ID:316441 - NMLS ID:184176
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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...
05/12/2011
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...
05/11/2011
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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...
05/11/2011
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...
05/10/2011
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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...
05/10/2011
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...
05/10/2011
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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...
05/10/2011
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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...
05/05/2011
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...
05/05/2011
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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...
05/04/2011
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