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Real Estate News
MBS RECAP: Slow Monday, But Late Warning Shots (Re-Send w/ New Video)
Mon, 26 Jul 2021 22:20:56 GMT

Posted To: MBS CommentarySlow Monday, But Late Warning Shots It was a slow trading day for the most part until the last 90 minutes. Until then, MBS and Treasuries were generally flat. As the day wound down, yields bumped up to the highs--right in lin..[read more]

MBS RECAP: Slow Monday, But Late Warning Shots
Mon, 26 Jul 2021 20:37:56 GMT

Posted To: MBS CommentarySlow Monday, But Late Warning Shots It was a slow trading day for the most part until the last 90 minutes. Until then, MBS and Treasuries were generally flat. As the day wound down, yields bumped up to the highs--right in lin..[read more]

Realtors Report on Foreign Purchases of US Homes
Mon, 26 Jul 2021 18:58:14 GMT

Posted To: MND NewsWireThe National Association of Realtors® (NAR) reports that there was a fourth consecutive year-over-year decline in the rate of investment in U.S. real estate by international buyers. In the 12 month period that ended on Marc..[read more]

June New Home Sales Decline 6.6%
Mon, 26 Jul 2021 16:42:02 GMT

Posted To: MND NewsWireIn May, the U.S. Census Bureau and Department of Housing and Urban Development reported that the seasonally adjusted annual sales of newly constructed homes had fallen below 800,000 units for the first time in a year, to 769,00..[read more]

White House Announces Expanded COVID Relief Options for Homeowners
Mon, 26 Jul 2021 16:37:32 GMT

Posted To: MND NewsWireWith the federal moratorium on mortgage foreclosures nearing an end, the White House has announced a series of steps to help homeowners who have suffered COVID-19 related financial hardships stay in their homes. Some 1.75 milli..[read more]

Forbearance Numbers Little Changed Over Past Two Weeks
Mon, 26 Jul 2021 16:32:54 GMT

Posted To: MND NewsWireIn the wake of a near 200,000 drop in the number of loans in forbearance earlier in July, changes over the last two weeks have been modest. Black Knight says there was only a 1,000 loan reduction in the total number during the ..[read more]

MLO, Corresp. and Wholesale AE Jobs; Subservicing, Tech, Jumbo, Retention Tools; Disaster News
Mon, 26 Jul 2021 15:17:38 GMT

Posted To: Pipeline PressThe headline this morning is seven people dying in a car crash caused by a Utah sandstorm. The damage caused by storms, including hurricanes in the East and fires in the West, often makes FEMA’s disaster list. The 2021 ..[read more]

MBS Week Ahead: Bonds Weighing Fed Strategy Refinements And Delta Surge
Mon, 26 Jul 2021 14:05:19 GMT

Posted To: MBS CommentaryHeading into the weekend, the delta variant continued driving a surge in U.S. covid case counts with Friday's 118k+ being the highest day-over-day increase since February 5th. Officials expect the surge to continue into m..[read more]

MBS RECAP: Ending on an Equivocal Note Ahead of Fed Week
Fri, 23 Jul 2021 19:19:42 GMT

Posted To: MBS CommentaryEnding on an Equivocal Note Ahead of Fed Week If we look through the small-scale volatility throughout the week, we see bond yields moving back up to last week's lows as of Wednesday and essentially remaining flat since t..[read more]

HR, Post-Closing, Controller, MLO Jobs; NOO, HELOC, Processing Tools; Florida Fraud Case; LendingClub Fee Settlement
Fri, 23 Jul 2021 14:58:35 GMT

Posted To: Pipeline PressHow do you know when someone has too much money? How about when they pony up $16k for Tarzan’s 1932 loin cloth ? (“Gosh, if that loin cloth could talk…”) LendingClub is going to have less money to the..[read more]

MBS Day Ahead: Will Friday Finish What Wednesday Started?
Fri, 23 Jul 2021 14:26:26 GMT

Posted To: MBS CommentaryAfter a stellar Monday and a big reversal on Tuesday, Wednesday stands out as the week's big shift back toward last week's trading range. Today's session is in a position to finish the job. That would only require..[read more]

MBS RECAP: Bonds Remain Resilient With Help From ECB
Thu, 22 Jul 2021 20:03:45 GMT

Posted To: MBS CommentaryBonds Remain Resilient With Help From ECB This morning's ECB announcement proved to be moderately bond-friendly. Combined with weaker Jobless Claims data, it was enough to get bonds started off on a strong note. Gains con..[read more]

Delinquencies Fall Below Pre-Great Recession Average
Thu, 22 Jul 2021 19:12:42 GMT

Posted To: MND NewsWireThe national delinquency rate dropped by 7.62 percent in June and is now 42.39 percent below its rate at the worst of the pandemic. Black Knight, in its monthly report, says the June rate, at 4.37 percent, was also back below i..[read more]

Mortgage Rates In Best Territory Since February
Thu, 22 Jul 2021 18:36:00 GMT

Posted To: Mortgage Rate WatchThis week's mortgage rates are hard to compare to last week's. There are two simple reasons for this. The first is the recent removal of the adverse market fee that artificially increased rates for refinance transactions..[read more]

Existing Home Sales Rise Slightly for the First Time in Four Months
Thu, 22 Jul 2021 15:52:54 GMT

Posted To: MND NewsWireExisting home sales snapped a four-month losing streak in June. Sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apartments, rose 1.4 percent on a seasonally adjusted annual basis to 5.86 milli..[read more]

MLO, Ops Jobs; Tech, Hedging, Advertising Compliance Products; Non-Agency Updates
Thu, 22 Jul 2021 15:26:51 GMT

Posted To: Pipeline PressHow would you like to compete against a company whose tagline is, “We Do It All, Guaranteed!”? The program is part of an existing Weichert Realtors’ offering called “All Under One Roof” that give..[read more]

MBS Day Ahead: Fighting to Stay in New, Lower Rate Range
Thu, 22 Jul 2021 14:20:17 GMT

Posted To: MBS CommentaryThis morning's ECB announcement proved to be moderately bond-friendly. Combined with weaker Jobless Claims data, it's been enough to keep bonds inside this week's new, lower yield range marked by a ceiling of roug..[read more]

MBS RECAP: Defensive Shift Ahead of ECB Announcement
Wed, 21 Jul 2021 21:01:06 GMT

Posted To: MBS CommentaryDefensive Shift Ahead of ECB Announcement Coming into the week, there was some speculation that Monday's bond rally was based on expectations for a friendly announcement from the European Central Bank (ECB) on Thursday mo..[read more]

MLO Jobs, Lenders Wanted; U/W Training, Jumbo Products; Customer Service; Upcoming Virtual Events
Wed, 21 Jul 2021 15:42:57 GMT

Posted To: Pipeline PressExperienced mortgage loan originators (MLOs) know that a rate lock is a rate lock. The removal of the adverse market fee of .5 for conventional conforming refis above $125,000 has caused conversations about pricing, borrower,..[read more]

Purchase Mortgage Volume Continues to Weaken
Wed, 21 Jul 2021 14:02:32 GMT

Posted To: MND NewsWireAfter a strong showing during the week ended July 9, mortgage application volume pulled back. The Mortgage Bankers Association's (MBA) Market Composite Index, a measure of that volume, decreased 4.0 percent on a seasonally adju..[read more]

MBS Day Ahead: Correction Continues as Bonds Test Another Technical Ceiling
Wed, 21 Jul 2021 13:23:38 GMT

Posted To: MBS CommentaryWith a moderate dose of weakness in the overnight session, 10yr yields have quickly found themselves on the doorstep of 1.25%--a level that marked the threshold of a fun little party over the past 2 days as yields moved as lo..[read more]

Mortgage Rates Substantially Lower This Week, But Under Some Pressure Today
Tue, 20 Jul 2021 19:30:00 GMT

Posted To: Mortgage Rate WatchThere are two pieces of big news for mortgage rates over the past few business days. The first arrived last week in the form of the removal of the adverse market fee that artificially increased rates for refinance transa..[read more]

MBA Sees New Home Sales at 13 Month Low
Tue, 20 Jul 2021 19:29:16 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association is projecting a sizeable decline in new home sales occurred last month as applications for their purchase declined 3 percent month-over-month and were 23.8 percent lower than in June 2020. The c..[read more]

Housing Starts Continue to Improve as Permits Lose More Ground
Tue, 20 Jul 2021 19:28:17 GMT

Posted To: MND NewsWireHousing starts posted a second straight increase in June while permits continued what has become a long, slow, slide. The U.S. Census Bureau and the Department of Housing and Urban Development said builders began construction o..[read more]

MBS RECAP: Intraday Weakness vs Bigger Picture Strength
Tue, 20 Jul 2021 19:24:04 GMT

Posted To: MBS CommentaryIntraday Weakness vs Bigger Picture Strength There comes a time in the midst of an aggressive snowball rally (or sell-off) in the bond market where we're forced to consider the mortality of the short term trend. As 10yr y..[read more]

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