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MBS RECAP: Month-End Buying Helps Bonds Hold Ground
Fri, 28 Apr 2017 23:18:08 GMT

Posted To: MBS CommentaryBond markets began the day in slightly weaker territory, with Treasuries following European yields higher in the overnight session. Domestic hours brought more selling pressure out of the gate with Q1 wage growth coming in hi..[read more]

Mortgage Rates Unchanged Heading Into Fed Week
Fri, 28 Apr 2017 18:41:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged today, holding onto modest improvements seen yesterday. In many ways, the past 2 days have confirmed that rates are in limbo near the lower end of the post-election range. To be sure, they w..[read more]

CoreLogic Sees Signs of Credit Cracks
Fri, 28 Apr 2017 15:32:46 GMT

Posted To: MND NewsWireHere we go again? Sam Khater, CoreLogic's deputy chief economist, says loan performance is beginning to show some cracks in what has been a near perfect veneer. This might be an early signal of a downturn in the credit cycle. K..[read more]

Cash Sales Share Remains Stubbornly High
Fri, 28 Apr 2017 15:29:24 GMT

Posted To: MND NewsWireThe share of sales that are all-cash continues at an elevated level. CoreLogic reports cash transactions accounted for 36.5 percent of all home sales in January, unchanged from a year earlier. While the percentage of sales that..[read more]

MBS Day Ahead: Bonds Sitting on a Big Fence Heading Into Next Week's Fed
Fri, 28 Apr 2017 14:31:00 GMT

Posted To: MBS CommentaryBond markets are very much on a fence at the moment with respect to short and intermediate trends. There are a few ways we can measure this fence-sitting. The most basic would be to look at "pivot points" that have recently m..[read more]

Agency Updates; Another GSE Reform Plan; Bank M&A - Branches Still Popular
Fri, 28 Apr 2017 13:17:19 GMT

Posted To: Pipeline PressFor 2015, retail originators averaged total compensation of $88,415 versus $80,376 for Consumer Direct originators, per a STRATMOR Insights report on the subject. While retail originators averaged higher overall compensation,..[read more]

MBS RECAP: Slightly Stronger, but Far From Finding Answers
Thu, 27 Apr 2017 22:20:46 GMT

Posted To: MBS CommentaryBond markets have a question. Will we or won't we be heading back into the sideways, post-election rate range? for top tier mortgage rates, the range is roughly 4.125-4.25%. For 10yr yields, it's the 2.3-2.6% range th..[read more]

Mortgage Rates Fighting to Stay Near 2017 Lows
Thu, 27 Apr 2017 21:24:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower today, following a policy announcement from the European Central Bank (ECB). Some investors were concerned the ECB might begin sprinkling in clues about rate hikes or an early end to bond buyin..[read more]

Painfully Low Inventory Saps Pending Home Sales
Thu, 27 Apr 2017 14:28:12 GMT

Posted To: MND NewsWireIs there mostly good news in the negative number for March pending home sales? The National Association of Realtors says yes. The NAR's Pending Home Sales Index (PHSI) dipped by 0.8 percent to 111.4 in March from 112.3 in Febru..[read more]

Vendor Updates; Servicing: Who's Brokering, Buying, Selling, and Why?
Thu, 27 Apr 2017 14:20:25 GMT

Posted To: Pipeline PressIn a recent survey, 97% of millennials said that they were tired of being surveyed. Seriously, well that probably is seriously, according to a new TransUnion survey , 42% of millennials (born 1982-2000) are delaying buying a ..[read more]

MBS Day Ahead: Bond Markets Asks: Should I Stay or Should I Go?
Thu, 27 Apr 2017 13:06:22 GMT

Posted To: MBS CommentaryAnother day, another chance for bond markets to assess whether they should re-enter the previous 2017 range (or "post-election" range). This is marked by 10yr yields of roughly 2.3-2.6%, but given that we're so close to o..[read more]

Another Plan Emerges for Fannie/Freddie Reform
Wed, 26 Apr 2017 21:15:41 GMT

Posted To: MND NewsWireLast week, with considerable fanfare , the Mortgage Bankers Association released its plan for reforming the housing finance system, including a resolution of the nine-year old federal conservatorship of the government sponsored..[read more]

CoreLogic Expects Reauthorization, Maybe Even Reform, of Flood Insurance Program
Wed, 26 Apr 2017 21:14:45 GMT

Posted To: MND NewsWireAlthough it features a rather shameless pitch to play a major role in a reorganized National Flood Insurance Program (NFIP), CoreLogic has published, in its Insights blog, some reassurance for homeowners living in flood-prone a..[read more]

MBS RECAP: Bonds Bounce Back Before and After Tax Plan
Wed, 26 Apr 2017 21:14:08 GMT

Posted To: MBS CommentaryToday's main event was the release of the Trump administration's new tax plan. Markets didn't go overboard in their expectations of major revelations and excruciating details. That turned out to be an ideal approa..[read more]

Mortgage Rates Hold Ground After Tax Plan Release
Wed, 26 Apr 2017 19:59:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were relatively unchanged today, but only after averaging the disparate changes from various lenders. That means some lenders are in much better shape versus yesterday while others are noticeably worse. Th..[read more]

Falling Rates Stoke Refinancing
Wed, 26 Apr 2017 14:04:44 GMT

Posted To: MND NewsWireMortgage application volume rose during the week ended April 21, solely from a significant increase in refinancing. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, was up..[read more]

MBS Day Ahead: After Exiting Friendly Trend, Bonds Wait on Tax Plan for Next Cue
Wed, 26 Apr 2017 13:48:24 GMT

Posted To: MBS CommentaryThe order of the day and week for domestic bond markets has been and will continue to be the break out from the recently friendly trend toward lower rates that began in mid-March. We've been eyeing this breakout since las..[read more]

Vendor News; AOT Mini-Bulk Execution; Fannie's Student Loan Endeavor
Wed, 26 Apr 2017 12:44:44 GMT

Posted To: Pipeline PressHow about this quote from the tech world? “If you're not paying for the product, you are the product.” If you don't want companies to collect and sell your data, like your e-mail, you can disconnect it from Google..[read more]

MBS RECAP: Bond Weakness Looking More and More Serious
Tue, 25 Apr 2017 20:56:10 GMT

Posted To: MBS CommentaryWith a 2nd day of fairly strong selling pressure in bond markets, the recent trend toward lower rates has been forcefully called into question. You can see the potential breakout from that trend in the chart below (I'll m..[read more]

Mortgage Rates Highest in 2 Weeks
Tue, 25 Apr 2017 20:21:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved moderately higher again higher today, as global financial markets continued reacting to recent geopolitical flashpoints (like the French election, discussed yesterday). Markets are also moving in ant..[read more]

Fannie Moves to Accommodate Student Loan Debt
Tue, 25 Apr 2017 18:16:13 GMT

Posted To: MND NewsWireAt $1.4 trillion, student loan debt represents the U.S.'s second largest debt market behind mortgages and, in several recent surveys, younger respondents have said those loans are a large reason they are unable to save up a dow..[read more]

New Home Sales Nearly Match Post-Crisis High
Tue, 25 Apr 2017 14:33:00 GMT

Posted To: MND NewsWireSales of newly constructed homes appear to have stopped, at least for the moment, their up-one-month, down-the-next pattern. They rose for the third consecutive month in March, and did so convincingly. The Census Bureau and the..[read more]

Home Price Gains Aren't Cooling Off
Tue, 25 Apr 2017 13:26:00 GMT

Posted To: MND NewsWireFor the fourth consecutive month, the National Home Price Index from S&P CoreLogic Case-Shiller has set a new price peak, rising 5.8 percent in February. It is now a half percentage point above the pre-crisis peak reached in Ju..[read more]

Training in Sales, Reverse, HMDA, Cust. Satisfaction; Appraisal News - Illinois vs. AMCs?
Tue, 25 Apr 2017 13:23:44 GMT

Posted To: Pipeline PressHow much do the CEOs of builders make? Turns out they make some decent gravy , certainly good news for them. In other good news, this time for WF, the FDIC and the Federal Reserve Board announced that Wells Fargo had adequate..[read more]

MBS Day Ahead: Fight Continues For Bonds; New "Gap" to Watch
Tue, 25 Apr 2017 13:14:47 GMT

Posted To: MBS CommentaryFor the past 5+ months, any discussion of "the gap" among bond traders could have only referred to the 2.15-2.17 gap created on Veterans Day weekend in 2016 (Nov 11-13). Yields closed at 2.15 before the weekend and opened at ..[read more]

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