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MBS RECAP: Traders Trading Trade (Deal)
Fri, 11 Oct 2019 22:11:51 GMT

Posted To: MBS CommentaryWith the exception of the wee hours yesterday morning, the past 2 days have been all about the trade deal. Markets knew Trump and the Chinese vice premier would be meeting this afternoon and they increasingly believed some so..[read more]

Big Jump in Mortgage Rates This Week
Fri, 11 Oct 2019 21:27:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher from Wednesday through the end of the week. Thursday and Friday were especially abrupt as financial markets hurried to get in position for a potential US/China trade announcement. What does tr..[read more]

MBS Day Ahead: Another Correction is Underway. How Long Will It Last?
Fri, 11 Oct 2019 13:00:20 GMT

Posted To: MBS CommentaryYesterday brought an abrupt confirmation of a bounce in bonds. For 10yr Treasury yields, the scene of the bounce was 1.51% earlier in the week. Multiple attempts to move lower failed, but yields stayed close enough to try for..[read more]

Vacation Homes Paved the Way to Greater Household Wealth
Fri, 11 Oct 2019 12:31:53 GMT

Posted To: MND NewsWireWhile home prices have surged back from their housing crisis lows, a report from the National Association of Realtors® (NAR) says homes purchased as vacation properties have appreciated even more. NAR's 2019 Vacation Home C..[read more]

Corresp. Jobs; Marketing, Pricing, DPA, 2nd Lien Products; New Vendor Offerings
Fri, 11 Oct 2019 12:22:35 GMT

Posted To: Pipeline PressFun with HMDA! Compliance folks everywhere know that yesterday the CFPB (“educate through education rather than enforcement”) issued a final rule amending Regulation C to extend the current temporary threshold of ..[read more]

MBS RECAP: Expected Amount of Volatility But Not For Expected Reasons
Thu, 10 Oct 2019 22:09:21 GMT

Posted To: MBS CommentaryHeading into this week, we looked to today as the biggest potential source of volatility owing to the release of the Consumer Price Index (CPI) and the end of the Treasury auction cycle. The volatility definitely showed up, b..[read more]

Highest Mortgage Rates of the Month or Lowest in a Month?
Thu, 10 Oct 2019 22:09:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were sharply higher today as the underlying bond market faced heavy selling pressure for a variety of reasons. When investors are more interested in selling bonds, prices move lower and yields (aka RATES) ..[read more]

Homebuying Index Pulls Back From Record Highs
Thu, 10 Oct 2019 19:01:58 GMT

Posted To: MND NewsWireFannie Mae's Home Purchase Sentiment Index (HPSI) has been relatively volatile in recent months, and September was no exception. The Index set back to back record highs in July and August, reaching 93.8 in the latter month whic..[read more]

MBS Day Ahead: Bonds At Least Entertaining a Momentum Shift
Thu, 10 Oct 2019 13:15:56 GMT

Posted To: MBS CommentaryYesterday brought moderate weakness for the bond market. Justifying it doesn't have to be any more complicated than technical resistance combined with an absence of buying demand ahead of the afternoon's 10yr Treasury..[read more]

DPA, Pricing, Digital Products; Vendor News; Lenders Managing Capacity
Thu, 10 Oct 2019 13:12:15 GMT

Posted To: Pipeline PressI am in Chicago with the FHLBank Chicago, and, despite the congestion and energy on the streets, the numbers tell us that the local economy is slowing. (In local news, for his work on batteries, University of Chicago alum Joh..[read more]

Labor Costs Likely to Push Home Prices Higher
Thu, 10 Oct 2019 12:07:31 GMT

Posted To: MND NewsWireNew home prices have been rising since 2012 according to CoreLogic's chief economist Frank Nothaft. Prices in the spring of 2019 were up 2 percent compared to a year earlier, partially because of rising building costs. In an ar..[read more]

MBS RECAP: MBS Make Up For Yesterday's Underperformance
Wed, 09 Oct 2019 21:36:21 GMT

Posted To: MBS CommentaryThe same old pattern played out today where MBS weren't able to keep solid pace with Treasury movement. This is one of those "for better or worse" kind of things. MBS tend not to gain as much ground as Treasuries when bon..[read more]

Mortgage Rates Almost Hold Ground Despite Volatile Bond Market
Wed, 09 Oct 2019 20:52:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved modestly higher today, but remain very close to the lowest levels in nearly a month. The underlying bond market (which dictates rates) has been somewhat volatile this week on a combination of trade-r..[read more]

MBS Day Ahead: Fed Minutes Are Less Interesting After Yesterday's Powell Speech
Wed, 09 Oct 2019 13:28:04 GMT

Posted To: MBS CommentaryIn the day just passed, bonds initially tried to erase the weakness seen in Monday's session. They were largely successful in the morning hours, but began to slide in the afternoon. Although trade-related headlines drew t..[read more]

Broker, Non-QM, Digital Products; Changes at Freddie; USDA Primer
Wed, 09 Oct 2019 12:41:24 GMT

Posted To: Pipeline PressWhat’s your price hit for a non-owner-occupied loan? Currently, there are 12 million single-family homes being rented in the United States, 35 percent of all rental housing around the country, worth $2.3 trillion. Histo..[read more]

Refis up Another 10% as Rates Revisit Recent Lows
Wed, 09 Oct 2019 12:02:38 GMT

Posted To: MND NewsWireDeclining interest rates made for another strong week for mortgage applications . The Mortgage Bankers Association (MBA) said its Market Composite Index rose 5.2 percent on a seasonally adjusted basis during the week ended Octo..[read more]

MBS RECAP: Sometimes Balance Sheet Expansion is Just Balance Sheet Expansion
Tue, 08 Oct 2019 21:26:15 GMT

Posted To: MBS CommentaryBonds were stronger to start the domestic session after European bonds led a rally late in the overnight hours. Trading was flat during the domestic morning hours. A big miss is the producer price data was overlooked because-..[read more]

Mortgage Rates Back in Line With Recent Lows
Tue, 08 Oct 2019 20:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were slightly lower today despite some volatility in the underlying bond market. Rates have generally been moving lower recently, but the trend of improvement looked like it might have been running into so..[read more]

Jumbo Credit Access Hits Record High
Tue, 08 Oct 2019 15:13:38 GMT

Posted To: MND NewsWireEase of access to jumbo mortgage loans drove the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index higher in September. The Index rose 0.9 percent to 183.4. An increase in the Index indicates that lendin..[read more]

FHFA Seeks Help in Recapitalizing GSEs
Tue, 08 Oct 2019 14:36:05 GMT

Posted To: MND NewsWireWow, maybe they really mean it this time. The Federal Housing Finance Agency (FHFA) has issued a request for proposals from contractors who would develop a "roadmap" for recapitalizing the government sponsored enterprises (GSEs..[read more]

Digital, Correspondent, and Broker Products; HUD, FHA, VA Information
Tue, 08 Oct 2019 12:59:59 GMT

Posted To: Pipeline PressAs Treasury yields head toward the lows of September, and Monday’s bond market holiday, let’s start Tuesday with some “trivia.” Did you know that one of the handful of original Cabinet members who are ..[read more]

MBS Day Ahead: 1 Day After Suggesting a New Pattern, Bonds Threaten to Break It
Tue, 08 Oct 2019 12:32:38 GMT

Posted To: MBS CommentaryIn the day just passed, the bond market sold off in rather underwhelming fashion. There was no overt source of pessimism and the pace of movement lacked a sense of urgency. 10yr yields almost made it back into positive territ..[read more]

Here's How One City is Fighting Affordability Issues
Tue, 08 Oct 2019 12:15:04 GMT

Posted To: MND NewsWireOne western city has decided to tackle the housing affordability crisis head-on. According to NPR, Reno, Nevada has approved a plan to construct 1,000 new homes in 120 days . In a Saturday broadcast, produced and written by Chr..[read more]

MBS RECAP: MBS Lost Ground, Despite Outperforming Treasuries
Mon, 07 Oct 2019 21:51:16 GMT

Posted To: MBS CommentaryBonds sold off today, but not excessively, and almost not at all if MBS had anything to say about it. Even Treasuries were fairly close to 'unchanged' to start the domestic session and were almost able to regain those..[read more]

Mortgage Rates Might be Hitting Some Resistance
Mon, 07 Oct 2019 21:30:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower every week for the past 3 weeks. They covered a respectable amount of ground during that time and ultimately erased most of September's damage by Friday afternoon. In outright terms, September'..[read more]

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