Posts Tagged ‘BP’s’

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Low Rates Could Fall More

The average 30-year mortgage moved up a basis point from last week. It was the same story for the 15-year mortgage. An analysis of Treasury market data suggests that the 30-year could be around 8 BPS better in next week’s report. View full post on Mortgage Stories

Signs of Life in CMBS

The 30-day delinquency rate last month on commercial real estate loans included in commercial mortgage-backed securities improved 4 basis points from August. But the rate on hotel loans was 46 BPS better. In addition, CMBS spreads improved. View full post on Mortgage Stories

Big Improvement in Jumbo Spread as Refis Retreat

Refinances fell 13 percent from the prior week in the U.S. Mortgage Market Index report for the week ended July 22. The jumbo 30-year fell 6 BPS from the last week. The movement cut the jumbo-conforming spread to 41 BPS from 47 BPS a week ago. View full post on Mortgage Stories

December Delinquency Decline is 2nd Drop

During December, mortgage delinquency of at least 30 days, including foreclosures, came in 12 basis points lower than November, Lender Processing Services Inc. reported. The rate was 158 BPS better than in December 2009. The improvement came despite an increase in the foreclosure rate as new defaults tumbled. View full post on Mortgage Stories

New Business Falls as Rates Continue Rising

The Mortech-Mortgage Daily Mortgage Market Index rose to 205 for the week ended Wednesday from 221 a week earlier. The 30-year conforming mortgage rate increased to 4.961 percent from 4.906 percent last week. The jumbo-conforming spread widened to 78 basis ponts from last Wednesday’s 73 BPS. View full post on Mortgage Stories

Mixed Movements for ARM Indices

The Cost of Funds Index moved 5 basis points lower during September, the Federal Home Loan Bank of San Francisco reported. The yield on another index used for adjustable-rate mortgages, the one-year Treasury, was 2 BPS higher than August. But the six-month London Interbank Offered Rate fell 6 BPS during the same period. View full [...]

Hayward Defends BP’s Safety Record

The BP chief faced a British Parliamentary committee and rejected claims that the accident in the Gulf of Mexico was partly the result of cost-cutting. View full post on Business Stories