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MBS RECAP: Bond Markets Hold on to Recent Gains Ahead of Big Week
Fri, 25 Jul 2014 19:51:45 GMT

Posted To: MBS CommentaryNext week promises to be big. Even if the events don't 'agree' with each other enough to spark a major rally or sell-off, the potential is there. Due to last week's geopolitical headlines, bond markets arguabl..[read more]

Mortgage Rates Catch a Break Heading Into Important Week
Fri, 25 Jul 2014 18:46:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were sideways to marginally lower today. Many lenders released new and improved rate sheets in the afternoon in order for the average to get better than yesterday, but even then, lenders are obviously caut..[read more]

Strong Reaction on Wall Street to So-So Home Builder Results
Fri, 25 Jul 2014 17:30:02 GMT

Posted To: MND NewsWireIt was a bad day on Wall Street Thursday for housing stocks. In no particular order Census Bureau data was released showing that new home sales had declined by 8.1 percent in June compared to May and that May's numbers weren't ..[read more]

MBS MID-DAY: Bond Markets Still at Altar Despite Yesterday's Cold Feet
Fri, 25 Jul 2014 15:56:12 GMT

Posted To: MBS CommentaryFor more than a week, bond markets have flirted with a break into the best levels of the year. On several occasions 10yr yields have looked all but wed to the idea. Such a wedding would take place with a move through the 2.4&..[read more]

Big Changes at Ginnie; GSE Updates; Zillow Buying Trulia?
Fri, 25 Jul 2014 15:09:57 GMT

Posted To: Pipeline Press"Rob, you have mentioned before that you are beginning to see some companies' volumes slowing down, and maybe even some lay-offs . Is that still happening?" Yes it is. Established lenders, even those adding production units, ..[read more]

MBS Day Ahead: Too Much Too Soon for Bond Market Rally Ahead of Big Week?
Fri, 25 Jul 2014 11:27:02 GMT

Posted To: MBS CommentaryNext week is a big one. ADP/GDP/FOMC all hit on Wednesday. Month-End is on Thursday, and NFP is on Friday. There are other top-tier reports as well, and a Treasury auction cycle, but the named peril is more than enough eviden..[read more]

Mortgage Rates Rise at Fastest Pace in Weeks
Thu, 24 Jul 2014 20:10:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher today at the fastest pace since July 3rd as bond markets began backing away from more anxious levels associated with last week's geopolitical headlines. Such headlines (Malaysian airliner and ..[read more]

MBS RECAP: Week's Monotonous Trend Broken as Bond Markets Slide
Thu, 24 Jul 2014 19:59:46 GMT

Posted To: MBS CommentaryFor the past 4 sessions, bond markets have traded a narrow range near their best levels of the year. This effectively began with the geopolitical risk rally on the 17th. It's not entirely fair to say the narrow trend is o..[read more]

Housing Market Sending Mixed Signals -Freddie Mac
Thu, 24 Jul 2014 19:23:23 GMT

Posted To: MND NewsWireFreddie Mac said today that its Multi-Indicator Market Index or MiMi for May is sending out mixed signals to the housing market. While more markets entered their stable range of housing activity, most markets remained stalled, ..[read more]

MBS MID-DAY: Weakness Persists Despite Rotten New Home Sales Data
Thu, 24 Jul 2014 16:27:15 GMT

Posted To: MBS CommentaryTypically, negative economic data on the scale of this morning's New Home Sales would be a clearly positive factor for bond prices. Sales fell at their fastest pace since last July and last month's strong report was r..[read more]

New Home Sales Decline from Downgraded May Numbers
Thu, 24 Jul 2014 15:24:04 GMT

Posted To: MND NewsWireNew homes sales retreated in June from the very strong performance reported for May; a performance that turns out to have been less strong. A joint release from the Census Bureau and the Department of Housing and Urban Developm..[read more]

Banks and Lenders Buying Each Other & Financial Services Companies - Does it Make Sense?
Thu, 24 Jul 2014 13:53:37 GMT

Posted To: Pipeline PressFor LOs who feel "enough is enough" with regard to the proposed Pre-Licensure Education Expiration Policy on education, timelines, and requirements, here is your chance to comment through NMLS. Out in California the Bank of M..[read more]

MBS Day Ahead: Rates Continue Hovering on the Edge of a Breakout
Thu, 24 Jul 2014 11:42:53 GMT

Posted To: MBS CommentaryThe past 5 days have simply seen rates grind around recent lows. Things have been a bit brighter in Treasuries compared to MBS, but in general, both have traded increasingly narrow ranges near the best levels of the year (aga..[read more]

Mortgage Rates Back up to Unchanged After Stronger Start
Wed, 23 Jul 2014 21:07:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were mixed today depending on the lender and the time of day you look. Most recently, the average lender is back to unchanged vs yesterday. Before that, most lenders were in slightly better shape, but mark..[read more]

MBS RECAP: Bond Markets Lose Ground After Strong Start; MBS Underperform
Wed, 23 Jul 2014 21:05:50 GMT

Posted To: MBS CommentaryAlthough MBS did a good job of pushing back against a recent bout of underperformance over the past 3 sessions, today showed it won't be a straight shot. In other words, MBS had closed the gap to Treasuries somewhat since..[read more]

Modest Housing Recovery Will Continue -Fannie
Wed, 23 Jul 2014 16:58:12 GMT

Posted To: MND NewsWireThe theme for the economy and the housing market's in 2014 has been set for months; the economy will continue to slowly strengthen; the modest recovery in housing will be sustained . Each monthly or quarterly report or round of..[read more]

Foreclosure Inventory Continues to Shrink but Distressed Loans up
Wed, 23 Jul 2014 16:55:43 GMT

Posted To: MND NewsWireBlack Knight Financial Services said today that both delinquencies and foreclosure starts were up slightly in June. The information was part of the company's “first look” preview of data from its Mortgage Monitor re..[read more]

MBS MID-DAY: Back to Unchanged After Stronger Start
Wed, 23 Jul 2014 16:49:11 GMT

Posted To: MBS CommentaryIn terms of domestic economic data and events, not much has happened today. The key driver of morning gains was the reaction to Bank of England Minutes and comments from BOE Governor Mark Carney. Long story short, all of the ..[read more]

CIT Group to buy OneWest; Thoughts on Non-QM products; Recent Changes in FHA, VA, & HECM
Wed, 23 Jul 2014 14:49:30 GMT

Posted To: Pipeline PressCaptain Obvious likes to say, "Home prices don't always go up." It's probably a cliché at this point, but it's better than the, "Buy as much home as you can afford" of the '00's. Both phrases deserve to be in the Mortg..[read more]

Finally an "Up' Week for Mortgage Applications
Wed, 23 Jul 2014 13:07:42 GMT

Posted To: MND NewsWireNormal 0 false false false EN-US X-NONE X-NONE The Market Composite Index, a measure of loan application volume had its first positive week since June 6 last week, increasing 2.4 percent on a seasonally adjusted basis from the ..[read more]

MBS Day Ahead: Data-Free Day Leaves Bonds to Ponder Long-Term Ranges
Wed, 23 Jul 2014 11:33:00 GMT

Posted To: MBS CommentaryHaving spent the last 4 sessions trading near 2.47%, 10yr yields are operating in an important zone historically. For all intents and purposes, yields have only ever moved decisively through this zone one time without bouncin..[read more]

MBS RECAP: Gains Remain Intact Through Afternoon; Narrow Range Overall
Tue, 22 Jul 2014 20:56:15 GMT

Posted To: MBS CommentaryBond markets didn't put on much of a show today, but what little there was managed to be enjoyable . Credit that to the fact that trading levels made it back into positive territory twice and held steady through the close..[read more]

Mortgage Rates Hold Steady Amid Conflicting Data
Tue, 22 Jul 2014 20:56:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged in most cases today, though some lenders were slightly worse. Even then, the difference from yesterday is generally insignificant. MBS (the mortgage-backed securities that most directly infl..[read more]

MBS MID-DAY: Mixed Signals From Econ Data Leave Bonds Just Slightly Weaker
Tue, 22 Jul 2014 16:22:52 GMT

Posted To: MBS CommentaryMBS began the session at a disadvantage after overnight trading pushed bond yields and stock prices higher. At 8:30am, the Consumer Price Index (CPI) data was a bit softer than expected. With the increasingly real conversatio..[read more]

Housing Fundamentals Move In Right Direction, Price Gains Continue
Tue, 22 Jul 2014 15:27:26 GMT

Posted To: MND NewsWireUS Department of Treasury 15.00 Normal 0 false false false EN-US X-NONE X-NONE The pace of existing home sales reached a nine month high in June, topping 5 million units for the first time since last October while there were re..[read more]

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