Barclays

Rates Up .5% More By Dec? Barclays Thinks So.

Barclays co-head of interest rate strategy Michael Pond says the 10yr note will rise to 2.70 or 2.75 by year-end, which he says is fair value if economic data supports no recession—Bloomberg video below. He made two passing remarks about rates not rising this much if bond prices “get another bump from Europe” but was

Recent Foreclosure Trends. Largest Lender List.

Some believe that DTC (Direct to Consumer) lending will eventually pass retail channels. For now, the MBA says internet-lending still accounts for less than 10% of mortgage lending. Until this number changes, here’s National Mortgage News’ list of the top traditional retail lenders: Wells Fargo, Chase, Bank of America, PHH Mortgage, CitiMortgage, Quicken Loans, U.S.

Recent Foreclosure Trends. Largest Lender List.

Some believe that DTC (Direct to Consumer) lending will eventually pass retail channels. For now, the MBA says internet-lending still accounts for less than 10% of mortgage lending. Until this number changes, here’s National Mortgage News’ list of the top traditional retail lenders: Wells Fargo, Chase, Bank of America, PHH Mortgage, CitiMortgage, Quicken Loans, U.S.

Stats on why people move. Reverse mortgage aversion.

WHY PEOPLE MOVE Among those who moved between 2009 and 2010, Census said almost 44% of them (16.4m) did so for housing-related reasons, such as the desire to live in a new or better home or apartment. Thirty percent moved for family reasons (including marital status), and 16% for employment. In 2010, 37.5m people 1

Who Is Buying Mortgage Backed Securities?

Recently the Fed’s H.8 report showed that small banks are providing a stronger demand for Fannie and Freddie (or “agency”) mortgage backed securities (MBS) than larger banks. Year-to-date, large domestic bank holdings of agency MBS have declined by $10 billion but agency MBS holdings of small domestic banks have increased by $19 billion. In addition,

Wall Street Take on Homeowners Walking Away From Mortgages

Strategic Defaults Today A recent Barclays report (via HousingWire) said: “Most popular studies overestimate the level of strategic mortgage defaults. We think that the strongest cases of active strategic defaults are less than 1% of total defaults. These borrowers are clearly capable of making mortgage payments, always remain current on all non-mortgage debts and actively

Wall Street Take on Homeowners Walking Away From Mortgages

Strategic Defaults Today A recent Barclays report (via HousingWire) said: “Most popular studies overestimate the level of strategic mortgage defaults. We think that the strongest cases of active strategic defaults are less than 1% of total defaults. These borrowers are clearly capable of making mortgage payments, always remain current on all non-mortgage debts and actively

Barclays & BofA Heads Say Banks Aren’t Too Big

This CNBC report from the World Economic Forum in Davos this week has some comments worth calling out from Bank of America CEO Brian Moynihan and Barclays President Bob Diamond. Highlights from each below: BRIAN MOYNIHAN, BofA CEO “Bank of America is not too big. Big by definition is not the question, it’s a question