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MBS RECAP: MBS Outperform Treasuries; Lenders Remain Cautious; Still in the Game
Fri, 17 Oct 2014 21:34:19 GMT

Posted To: MBS CommentaryMost days with modest gains in MBS would see similarly modest improvements in rate sheets. While there were a handful of positive reprices in the afternoon, they were working against very conservative morning pricing, leaving..[read more]

Mortgage Rates Mixed to End Wild Week
Fri, 17 Oct 2014 19:58:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved slightly higher today, continuing a pull back from the best levels in 16 months on Wednesday. That said, apart from the first 3 business days of this week, today's rates would also qualify as th16-mo..[read more]

Quarterly Foreclosure Rate Rises for 1st Time in 3 Years
Fri, 17 Oct 2014 18:06:02 GMT

Posted To: MND NewsWireOne has to hope that foreclosure data reported on Thursday by RealtyTrac is a sign that states are wrapping up the foreclosure crisis that has been ongoing since 2008, not that it signals further trouble in the housing sector. ..[read more]

CFPB Servicing Transfer Clarifications; Good Start but more needed
Fri, 17 Oct 2014 18:03:33 GMT

Posted To: MND NewsWireOver the last year or so mortgage servicers have transferred a number of large mortgage portfolios to other servicers. Beyond the selling of mortgage servicing rights (MSR), many of the transfers have been from large traditiona..[read more]

American Housing Survey - Everything you need to know
Fri, 17 Oct 2014 18:03:07 GMT

Posted To: MND NewsWireThe Department of Housing and Urban Development has released the first wave of data from the 2013 American Housing Survey (AHS) . It is a massive treasure trove of virtually everything virtually anyone might want to know about ..[read more]

Construction Activity Boosted by Multifamily Sector
Fri, 17 Oct 2014 17:36:35 GMT

Posted To: MND NewsWireIncreases in construction permits, starts, and completions for multifamily housing stand out from an otherwise lackluster batch of construction data issued on Friday by the U.S. Census Bureau and the Department of Housing and U..[read more]

MBS MID-DAY: Proof that European Growth Concerns Are The Only Game in Town Today
Fri, 17 Oct 2014 17:21:47 GMT

Posted To: MBS CommentaryToday has been the calmest day of the week so far, which isn't saying too much considering the previous 3 days were the most volatile of the year. 10yr yields drifted as low as 2.12 overnight and were then jolted higher t..[read more]

USDA Back; Compliance Costs, White Paper and Training; LoanDepot and Mortgage Master
Fri, 17 Oct 2014 15:31:11 GMT

Posted To: Pipeline PressZillow most recently published research indicating that a recession negatively affects the housing industry due to a decrease in employment opportunities and earning potential for young adults. Zillow analyzed the homeownersh..[read more]

MBS Day Ahead: Sometimes You Have to Wait Before Really Finding Out
Fri, 17 Oct 2014 11:36:02 GMT

Posted To: MBS CommentaryIt's tempting to draw conclusions based on what seem like clear signals in markets. Clearly stocks and bonds have been in tune with each other and stocks were clearly doing something different to start the week (clear eno..[read more]

MBS RECAP: Bonds Weaker, But Not Enough to Confirm a Reversal
Thu, 16 Oct 2014 21:31:32 GMT

Posted To: MBS CommentaryAfter the sorts of big movements seen yesterday, it's not uncommon to get an equally big movement back in the other direction. That may well have been the case had it not been for the uncommonly sharp same-day reversal ye..[read more]

Mortgage Rates Slightly Higher; Still Near 16-Month Lows
Thu, 16 Oct 2014 19:31:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were forced to give back some of the tremendous improvements seen yesterday as financial markets corrected after the wild swing. Apart from the past two days, today's rates are the best in 16 months, and i..[read more]

Cash Sales Dwindle, Concentrated in REO Market
Thu, 16 Oct 2014 17:28:32 GMT

Posted To: MND NewsWireThe share of home purchased with all-cash is continuing to drop, but even with a -3.0 percentage point change between July 2013 and July 2014 they still make up nearly a third of all sales. CoreLogic said today that 32.9 percen..[read more]

Relaxed QRM Rules Expected Next Week
Thu, 16 Oct 2014 16:57:52 GMT

Posted To: MND NewsWireFederal regulators may finally produce the long anticipated market standards for Qualified Residential Mortgages (QRM), perhaps even as early as next week. The new rules are designed to ensure the quality of mortgages that are ..[read more]

Builder Confidence Loses Steam after Four Months of Gains
Thu, 16 Oct 2014 16:50:52 GMT

Posted To: MND NewsWireThe National Association of Home Builders (NAHB) said on Thursday that sentiment among its new home builder members reversed course in October, with few of those responding to its monthly survey viewing the current market for n..[read more]

MBS MID-DAY: Bond Markets Fighting to Hold Weakest Levels
Thu, 16 Oct 2014 16:14:44 GMT

Posted To: MBS CommentaryMBS and Treasuries are essentially at their weakest levels of the past two days, fighting to hold that ground against a rebounding stock market and weak European bond market. Both have taken their toll so far this morning. Th..[read more]

HOA Foreclosure News; QRM Update; Volatility's Impact on Lenders
Thu, 16 Oct 2014 14:24:12 GMT

Posted To: Pipeline PressOutside of California's Santa Clara Valley, the words "Affluent" and "Millennial" aren't used too often together. But it turns out that when affluent millennials receive their inheritance, the odds are about 50/50 that they k..[read more]

MBS Day Ahead: Blame Game and the Road Ahead
Thu, 16 Oct 2014 11:32:01 GMT

Posted To: MBS CommentaryOne blessing and curse associated with being human is our innate desire to make sense of the world around us. Yesterday's bond market rally was--in many ways--nonsensical, yet that only makes the drive to understand it--t..[read more]

MBS RECAP: Let's Not Overcomplicate Today's Massive Movement. It's About Stocks (mostly)
Thu, 16 Oct 2014 00:40:10 GMT

Posted To: MBS CommentaryToday was intense. We'll probably be talking about it for years to come. While there have been bigger days of outright movement in bond markets, you'd be hard-pressed to find a recent example of a day with more explos..[read more]

Wildest Day in Years for Mortgage Rates
Wed, 15 Oct 2014 21:03:00 GMT

Posted To: Mortgage Rate WatchMortgage rates went on a truly epic ride today. From the opening bell to the closing bell, the mortgage-backed-securities (MBS) that underlie mortgage rates covered more ground than any other day since at least mid 2011...[read more]

MBS MID-DAY: One of the Craziest Days for Bond Markets, Ever
Wed, 15 Oct 2014 18:24:32 GMT

Posted To: MBS CommentaryIf you're just tuning in, bond markets are having a career day with 10yr yields currently operating near 2.06 after trading in the 2.2's yesterday and 2.4's last week. Fannie 3.0s (those are important again now) a..[read more]

CPFB Proposes Additional Changes to TILA-RESPA Rule
Wed, 15 Oct 2014 17:08:05 GMT

Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) has proposed further changes to the new consolidated Loan Estimate and Closing Disclosure Mortgage forms that are scheduled to go into effect on August 15, 2015 . The proposed for..[read more]

Mortgage Application Rebound Continues as Rates Drop
Wed, 15 Oct 2014 14:22:22 GMT

Posted To: MND NewsWireA significant drop in mortgage rates triggered a surge in refinancing activity during the week ended October 10. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of loan application volume , ros..[read more]

MBS Day Ahead: Another Test for Economic Data as Rate Rally Sets up Defenses
Wed, 15 Oct 2014 11:36:09 GMT

Posted To: MBS CommentaryIf you've ever watched a survival show where campers set up pots and pans tied on a string to sound an alarm for approaching bears, etc., then the upcoming chart will make lots of sense. 10yr Treasury yields--the best ben..[read more]

MBS RECAP: Bond Markets Loving Every Minute of Stock Sell-Off
Tue, 14 Oct 2014 21:42:02 GMT

Posted To: MBS CommentaryAs we discussed in this morning's Week Ahead , bond markets are highly attuned to the current fate of equities markets. This can be viewed either from the standpoint of tradeflows (i.e. buying bonds because we need to do ..[read more]

Mortgage Rates Hit High 3's
Tue, 14 Oct 2014 20:56:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued living the dream today, falling decisively past last week's lows to claim another instance of "best rates since June 2013." Today's move was exceptional compared to last week's (or just about any..[read more]

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