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Real Estate News
Housing Starts Still Under The Weather; Single-Family Permits on The Mend
Wed, 18 Oct 2017 13:58:53 GMT

Posted To: MND NewsWireThe U.S. Census Bureau is mum on causation, but results from the southern region would indicate that the August and September hurricanes probably drove declines in both housing permits (except those for single-family residences..[read more]

Hurricanes Impact on Housing Could Last
Wed, 18 Oct 2017 13:51:13 GMT

Posted To: MND NewsWireFannie Mae has lowered its third quarter projections for GDP growth by 0.2 percent to an annualized 2.4 percent based on its assessment of the overall impacts of the recent hurricanes. The company's Economic and Strategic Resea..[read more]

MBS Day Ahead: Time For That Mid-October Craziness in Bonds
Wed, 18 Oct 2017 13:43:19 GMT

Posted To: MBS CommentaryAh mid-October... All too often in the 2009-2014 time frame, we'd seen abrupt reversals of trends at this time of month. We haven't really been on the lookout for that old behavior because 2014 seemed to mark a shift ..[read more]

Mortgage Applications Regain Footing
Wed, 18 Oct 2017 13:12:50 GMT

Posted To: MND NewsWireThe volume of mortgage applications increased last week for the first time since early September. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, rose 3.6 percent on a seasonall..[read more]

MBS RECAP: Bonds Scramble Back to Unchanged, Leaving Outlook Cloudy
Tue, 17 Oct 2017 20:52:07 GMT

Posted To: MBS CommentaryTreasuries and MBS have spent the past 2 days trading well inside the range set by last Friday's volatility (big rally following CPI data). Unfortunately, the central tendency during those 2 days has been toward moderatel..[read more]

Mortgage Rates Rise a Bit More From Recent Lows
Tue, 17 Oct 2017 19:51:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were at their best levels in roughly a month last Friday afternoon. Since then, they've risen modestly on each of the past two business days. As has been the case for quite some time, day-to-day movement c..[read more]

Builders' Confidence Returns as Hurricane Worries Wane
Tue, 17 Oct 2017 14:35:38 GMT

Posted To: MND NewsWireAfter reacting strongly to Hurricanes Harvey and Irma with a four-point drop in September, the Housing Market Index (HMI) regained its footing in October. The National Association of Home Builders (NAHB) says the HMI, which mea..[read more]

Construction Numbers Look Much Better Broken Down by State
Tue, 17 Oct 2017 14:26:19 GMT

Posted To: MND NewsWireIt has been a rather dismal spring and summer for construction, one in which permitting has declined in three out of the last four months. Going more granular, however, a report from the National Association of Home Builders (N..[read more]

Wire Fraud, MBI and LEP Products; HMDA Stats; The Fed's Leadership
Tue, 17 Oct 2017 13:22:56 GMT

Posted To: Pipeline PressDoes the Fed Chairman make a difference? Yes. Taylor and Powell’s names continue to be mentioned, although Trump is set to interview Janet Yellen Thursday. It wouldn’t surprise anyone if Janet Yellen was being giv..[read more]

MBS Day Ahead: Quickly Becoming a Battle to Remain in a Friendly Trend
Tue, 17 Oct 2017 13:18:14 GMT

Posted To: MBS CommentaryAs we discussed last week, the positive technical signals don't get much clearer than they did after Friday's CPI data (weak inflation helped bonds break a floor that had been stubbornly holding for several weeks. At ..[read more]

Mortgage Rates Sideways to Slightly Higher
Mon, 16 Oct 2017 21:02:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were sideways to slightly higher today, depending on the lender. Underlying bond markets suggested a bit more movement, and that will likely be reflected in tomorrow morning's rate sheets unless bonds impr..[read more]

MBS RECAP: Political Headlines Cause Volatility in a Narrow Range
Mon, 16 Oct 2017 21:01:43 GMT

Posted To: MBS CommentaryIf the only things you could observe about today's bond trading were volumes and "buy vs sell," there were a few moments where things got fairly interesting --especially after 2pm. That's when the biggest volume and t..[read more]

MBS Day Ahead: Bonds Can Absorb Some Weakness Without Derailing The Trend
Mon, 16 Oct 2017 13:27:18 GMT

Posted To: MBS CommentaryIt looks like it will be touch and go for bonds as the week begins. If yields or technicals touch certain overhead ceilings, you should go lock your loans. If you're up to speed on Friday's technical victory, you'..[read more]

Big Bank Earnings and News; M&A Continues
Mon, 16 Oct 2017 13:26:36 GMT

Posted To: Pipeline PressGiven the latest tax plan, will the mortgage interest deduction stay, but become worthless? The GOP blueprint would double the standard deduction for individuals and couples, making the mortgage interest deduction worthless f..[read more]

MBS RECAP: Bonds Bounce Big After Weak Inflation Report
Fri, 13 Oct 2017 20:30:59 GMT

Posted To: MBS CommentaryThere was a time--in fact, there was a stretch of several years--when inflation-related reports just didn't matter . I would have been the first to tell you that (and often was), even as those with a more conventional app..[read more]

Mortgage Rates Back Into The 3's After Inflation Report
Fri, 13 Oct 2017 18:47:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower today. For many lenders, it was the biggest drop in more than a month and it also brings them to the best levels in roughly a month. Others were more hesitant to make significant updates to tod..[read more]

Mortgage Guidelines Could be Twice as Loose and it Still Wouldn't be 2007 Again
Fri, 13 Oct 2017 14:56:00 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association's Mortgage Credit Access Index, released earlier this week, showed continued slight easing in the credit markets, especially in the jumbo loan space. A second similar index from the Housing Fina..[read more]

Lender and Investment Bank Updates - New Products; All Eyes on Fed
Fri, 13 Oct 2017 13:24:18 GMT

Posted To: Pipeline PressPer Fed Chair Janet Yellen, the Federal Reserve has been working to revise post-crisis financial regulations, making them less onerous and better suited to individual banks’ size and complexity. "For community banks, wh..[read more]

MBS Day Ahead: All Rise! The Judge is In
Fri, 13 Oct 2017 12:18:34 GMT

Posted To: MBS CommentaryMy apologies to baseball fans, both of you. The "judge" in today's case is this morning's CPI (Consumer Price Index) data. Bonds have been deliberating all month about whether to make an attempt to break above 2.40% o..[read more]

MBS RECAP: Bonds Starting to Gather Momentum Again
Fri, 13 Oct 2017 00:04:53 GMT

Posted To: MBS CommentaryBond markets are matching their best 3-day performance in over a month with today's stronger closing levels. Unlike the previous examples, the current 3 days have resulted in the biggest move lower in yields from the prev..[read more]

Be Careful What You Read About Mortgage Rates Today
Thu, 12 Oct 2017 23:19:00 GMT

Posted To: Mortgage Rate WatchMortgage rate data collection is tricky business . Some sources rely on survey data that can have a limited collection window and a significant lag. Other sources rely on incredibly aggressive quotes that tend to have ca..[read more]

MBA Predicts Plunge in New Home Sales; Hurricanes Blamed
Thu, 12 Oct 2017 15:01:43 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) is forecasting that a significant decline in new home sales occurred last month. However, like much of the other September housing data that has been released so far, it appears that Hurri..[read more]

Comparing Housing Booms and Busts
Thu, 12 Oct 2017 13:46:43 GMT

Posted To: MND NewsWireWith home prices nearly back to where they were when the housing crisis began, CoreLogic's principal economist Molly Boesel compares the duration of the recent cycle to those of other downturns. While there hasn't been a compar..[read more]

HMDA Dashboard; Upcoming Training; UCD News
Thu, 12 Oct 2017 13:33:16 GMT

Posted To: Pipeline PressThe driving force of housing prices is supply and demand, and the demand is increasing. In the Bay Area, and for hundreds of miles north, the smoke is everywhere, reminding one of the 23 (and counting) who perished and 3,500 ..[read more]

MBS Day Ahead: Still Waiting For The Trading Week to Start (Tomorrow)
Thu, 12 Oct 2017 13:04:25 GMT

Posted To: MBS CommentaryCPI, CPI, CPI... The "Consumer Price Index" is the one thing on this week's economic calendar that stood out as a top tier potential market mover. After a few revisions, the lowest-in-years reading of 1.6% for "Core CPI" ..[read more]

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