Credit, Verification, Database, Retention, Broker Tools; FTC Penalty; Cost of Living Increases

“Rob, everyone knows that the GSEs (Freddie Mac and Fannie Mae) don’t use credit scores for loan approval. They use it for pricing. The GSEs have created their own scoring system and it’s just the investors that utilize the score.” True dat. It takes a while to test the impact of credit scores on de

Slightly Stronger After Ho-Hum CPI

Most understand this, but some forget: CPI numbers on econ calendars are not prices. They're the change in prices. We bring that up in case anyone thinks today's core monthly CPI of 0.2 means that prices are lower than last month when the core was 0.4. While it's a decent monthly number and lower th

Bonds End at Strongest Levels

Bonds End at Strongest Levels Unlike yesterday, which saw an uneventful open give way to intraday weakness, today's momentum was mostly friendly. Bonds avoided panicking in the morning hours. Mid-day war-related headlines made for some quick 2-way trading in the noon hour, but yields never went any

At Least It Didn't Get Much Worse After The Initial Rout

At Least It Didn't Get Much Worse After The Initial Rout If you had to find something reassuring to say about the bond market today, it would be that there wasn't much selling after 9am ET. Unfortunately, there was a whole lot of selling in the prior 30 minutes. Try as they might, analysts couldn't