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MBS RECAP: Bond Markets Eventually Turn Green After Confusing Jobs Report
Fri, 05 Feb 2016 22:54:11 GMT

Posted To: MBS CommentaryMarkets were confused by today's jobs data--at least bond markets were. The 151k vs 190k miss on headline NFP was ostensibly offset by the improvement in wage growth and the lower unemployment rate. Normally the unemploym..[read more]

Mortgage Rates Barely Budge After Jobs Report
Fri, 05 Feb 2016 21:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were mostly unchanged today, though a few lenders were microscopically higher in cost . That's an uncommon result for the day of the big jobs report release, but in today's case it may be somewhat understa..[read more]

MBA Reports Third Month of Credit Access Declines
Fri, 05 Feb 2016 19:39:20 GMT

Posted To: MND NewsWireCredit available was apparently slightly lower in January than in February, the third straight month that the Mortgage Bankers Associations' (MBA's) measure of that access has declined. The MBA said its Mortgage Credit Availabi..[read more]

Lender Fees Going Up; Non-Agency/Jumbo Program Trends
Fri, 05 Feb 2016 18:32:29 GMT

Posted To: Pipeline Press"How much does it cost to buy sixty female pigs and forty male deer? One hundred sows and bucks!" Money? I continue to be amazed at this stat: last year the 3.5 billion people that made up the bottom 50 percent of the world h..[read more]

MBS Day Ahead: How Much Will NFP Matter?
Fri, 05 Feb 2016 13:25:36 GMT

Posted To: MBS CommentaryFirst thing's first: NFP always reserves the right to move markets, even on occasions when it arguably shouldn't matter. Over the years, so many traders have wrapped up so much of their monthly game-plan around this d..[read more]

MBS RECAP: Bond Markets on Cruise Control
Thu, 04 Feb 2016 22:18:39 GMT

Posted To: MBS CommentaryToday was a so-called "inside day" for bond markets, meaning prices and yields remained INSIDE yesterday's range of prices and yields. Economic data fell on deaf ears and related markets didn't cause too much of a fus..[read more]

Mortgage Rates Hold Lows Ahead of Jobs Data
Thu, 04 Feb 2016 21:35:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held their ground at 8-month lows today. This time around, it was far less eventful than yesterday's session, which saw lenders changes rates several times throughout the day (and in opposite directions to..[read more]

1 in 3 Homes Still Bought With Cash
Thu, 04 Feb 2016 17:22:09 GMT

Posted To: MND NewsWireThe percentage of total home sales transactions that are completed in cash continues to decline on an annual basis as distressed homes become less and less of a market factor. CoreLogic said on Thursday that 33.9 percent of hom..[read more]

Borrower Satisfaction Report; M&A; Wells' Settlement; Data Breach Responses
Thu, 04 Feb 2016 15:02:01 GMT

Posted To: Pipeline PressLenders should know that the FDIC indicates it expects banks to evaluate and manage cyber risk as it does any other business risk and to do so as an enterprise-wide initiative involving all employees. That certainly goes beyo..[read more]

MBS Day Ahead: Resilient, but Not Invincible, Bonds Wait For NFP
Thu, 04 Feb 2016 13:20:19 GMT

Posted To: MBS CommentaryIt used to be that the first Thursday of every month provided a fairly reliable chance of volatility . That was during the days when Europe was an even bigger mess than it is now and when the European Central Bank was holding..[read more]

Freddie Mac: Don't Count Refinancing out yet
Wed, 03 Feb 2016 23:24:04 GMT

Posted To: MND NewsWireFreddie Mac's economists are expressing concerns about what they see as economic headwinds revealed by some recently released indicators. In their current edition of Insight and Outlook the company downgraded its full year esti..[read more]

MBS RECAP: Volatile Day Leaves Bonds Slightly Weaker
Wed, 03 Feb 2016 23:19:07 GMT

Posted To: MBS CommentaryTwo days ago, we were able to refer to Monday as the best day of the year, as long as you forget about the Friday before it. Today is the new 'best day of the year,' as long as you forget about yesterday. Even then, i..[read more]

Mortgage Rates Hold Long-Term Lows Despite Market Volatility
Wed, 03 Feb 2016 21:54:00 GMT

Posted To: Mortgage Rate WatchMortgage rates had a far more tumultuous day despite ultimately hanging on to the lowest levels in more than 8 months. Whether you wanted to be happy, sad, excited, or scared, there was something for everyone today. The ..[read more]

Fannie/Freddie Clarify Buybacks; Will The CFPB Settle Discrimination Suit?
Wed, 03 Feb 2016 14:08:58 GMT

Posted To: Pipeline PressI spent some time at the Texas Mortgage Banker's event earlier this week in Houston, and some of the discussion revolved around another refi boom . Namely, the recent Japanese rate cut makes it very difficult for our Fed to r..[read more]

Mortgage Applications Fall On Adjusted Basis
Wed, 03 Feb 2016 13:29:42 GMT

Posted To: MND NewsWireMortgage application volume during the week ended January 29 was again either disappointing or much improved depending on whether one viewed it on an adjusted verses an unadjusted basis due to the intervention of yet another ho..[read more]

MBS Day Ahead: Catching Falling Knives For Fun and Profit
Wed, 03 Feb 2016 12:34:17 GMT

Posted To: MBS CommentaryYesterday's morning notes laid out an ominous technical comparison to last January and we promptly proceeded to have the best rally of the year. There are a few points of order though. First, the default theme of this and..[read more]

MBS RECAP: Just Another 2016 Mega-Rally Surprise
Tue, 02 Feb 2016 22:42:36 GMT

Posted To: MBS CommentarySurprise! It's another mega-rally day. Depending on your yardstick, this is the 5th or 6th mega rally so far this year. Considering there have only been 21 business days, that's a pretty good batting average. To be fa..[read more]

Mortgage Rates Down to New 8-Month Lows
Tue, 02 Feb 2016 21:35:00 GMT

Posted To: Mortgage Rate WatchMortgage rates only paused for a brief moment of reflection yesterday before continuing with 2016's trend of improvement. Today's gains bring them easily back to new 8-month lows . Last Friday, that's a designation they ..[read more]

West Leads Nation with Double Digit Price Increases
Tue, 02 Feb 2016 15:55:32 GMT

Posted To: MND NewsWireOnce again a report on home price changes indicates that appreciation has not yet slowed . CoreLogic issued a report on its Home Price Index for December of Tuesday which indicates a pick-up in monthly increases. The index show..[read more]

MI Company Direction; Disaster Policy Updates; Appraisal Trends
Tue, 02 Feb 2016 14:14:00 GMT

Posted To: Pipeline PressWhere does the penalty money that the CFPB collects go? And is it correctly disbursed? The Office of the Inspector General (OIG) has some thoughts on whether or not the flow of funds is being handled correctly. In other news,..[read more]

MBS Day Ahead: Repeating Eerie Historical Patterns. Maybe It's Nothing, But...
Tue, 02 Feb 2016 12:34:10 GMT

Posted To: MBS CommentaryWhen things have been unexpectedly as good as they have been for as long as they have been, one of the side-effects can be increased anxiety about the good times going away. As the bond rally stretched to even stronger levels..[read more]

MBS RECAP: Only a Bad Day if You Knew About Friday
Mon, 01 Feb 2016 22:41:47 GMT

Posted To: MBS CommentaryIn a way, today was the best sort of losing day for bond markets. If you factor out last Friday, today was the best trading day for bond markets in more than 8 months, and even then, it wasn't too terribly far off Friday&..[read more]

Mortgage Rates Remain Near Long Term Lows
Mon, 01 Feb 2016 21:33:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were in line with the best levels in 8 months as of last Friday. Although they moved slightly higher to begin the new week, today is still the 2nd best day in the past 8 months. Lenders continue quoting co..[read more]

Cash-Out Refi Surge and Affordability Questions as Prices Rise
Mon, 01 Feb 2016 17:26:01 GMT

Posted To: MND NewsWireBlack Knight Financial Services took close-up looks at both home affordability and the recent surge in cash-out refinancing in its new Mortgage Monitor released on Monday. The publication reflects data through the end of Decemb..[read more]

Construction Spending Rises Less Than Expected
Mon, 01 Feb 2016 17:13:11 GMT

Posted To: MND NewsWireConstruction spending scrambled back into positive territory by a tiny bit in December, gaining 0.1 percent from November's level to an estimated seasonally adjusted annual rate of $1,116.6 billion. The gain came even as the No..[read more]

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