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MBS RECAP: Have You Heard The One About "The Range?"
Tue, 23 Aug 2016 20:02:17 GMT

Posted To: MBS CommentaryWe might have expected a bigger movement in the wake of the colossal improvement in New Home Sales (654k vs 582k previously, 580k forecast), but bonds barely budged. In fact, the first move following the data was into STRONGE..[read more]

Mortgage Rate Movement Nowhere to be Found
Tue, 23 Aug 2016 18:07:00 GMT

Posted To: Mortgage Rate WatchMortgage Rates were sharply sideways today, with almost every lender offering the exact same terms as yesterday. This is part of an ongoing phenomenon that's seen rates rise just slightly from near-all-time lows in early..[read more]

Biggest Monthly Gain For New Home Sales in 10 Years
Tue, 23 Aug 2016 15:21:35 GMT

Posted To: MND NewsWireRather than the month-over-month decline expected, July new home sales soared above 600,000 units for the first time since late 2007. The U.S. Census Bureau and Department of Housing and Urban Development reported on Tuesday th..[read more]

New and Old Lawsuits - Notable Settlements; Training/Events; Underwriter Comp Study
Tue, 23 Aug 2016 13:58:22 GMT

Posted To: Pipeline PressThe whole residential lending industry is abuzz about the article on housing in the Economist . "A decade on, the presumption is that the mortgage-debt monster has been tamed . In fact, vast, nationalized, unprofitable and un..[read more]

MBS Day Ahead: Bonds May Not Even Want to be Inspired Just Yet
Tue, 23 Aug 2016 13:32:46 GMT

Posted To: MBS CommentaryTo say that bonds have been range-bound recently would be an understatement. I'm running out of ways to say it, and perhaps you're running out of the desire to read the same news on a different day. So let's chang..[read more]

MBS RECAP: In Shocking Twist of Fate, Bonds Remain Range-Bound
Mon, 22 Aug 2016 22:00:42 GMT

Posted To: MBS CommentaryI apologize for tricking you with the title. The "shocking" part was unabashed sarcasm . It's not that anyone here is clairvoyant. Certainly, we never have any assurance of market movement that takes place in the future. ..[read more]

Mortgage Rates Steady to Slightly Lower
Mon, 22 Aug 2016 20:14:00 GMT

Posted To: Mortgage Rate WatchMortgage Rates were almost imperceptibly lower today, although underlying bond markets improved more noticeably. Why would rates not be more improved then? Part of the reason is the timing of Friday's market movements an..[read more]

Delinquency Increase is Seasonal- Black Knight
Mon, 22 Aug 2016 18:16:04 GMT

Posted To: MND NewsWireMortgage delinquencies rose slightly in July; a change Black Knight Financial Services sees as seasonal. The number of mortgages that were 30 or more days past due but not in foreclosure rose by 108,000 from June, pushing the d..[read more]

More and More Homes Being Built to Rent
Mon, 22 Aug 2016 17:51:44 GMT

Posted To: MND NewsWireWhile the numbers remain small, the National Association of Home Builders (NAHB) notes there is a slowly increasing trend of single-family homes being built specifically as rentals. Robert Dietz, chief economist and senior vice..[read more]

Only 3 New Banks in 7 Years? Servicing Packages; eMortgage Updates and Info
Mon, 22 Aug 2016 13:29:50 GMT

Posted To: Pipeline PressPlenty of celebrities lose all their money, and then some, in various schemes. But here’s one Brady Bunch member that did pretty well in California residential real estate. So you're thinking about starting a bank, huh?..[read more]

MBS Week Ahead: Jackson Hole Week Begins With Weakest Trend Since 2009
Mon, 22 Aug 2016 13:19:39 GMT

Posted To: MBS CommentaryBy the end of this week--and quite possibly for the next several weeks--you'll be tired of hearing about Jackson Hole . I know I'm already tired of writing about it, but alas... what else is there to write about? My l..[read more]

MBS RECAP: One of Those "Just Because" Days of Bond Market Weakness
Fri, 19 Aug 2016 20:10:44 GMT

Posted To: MBS CommentaryAs the attached video suggests, "red happens." It really does! After all, if you were the puppet-master behind rate movement, and if you'd decided to make rates move lower for 35 years in a row, you wouldn't just drop..[read more]

Mortgage Rates Remain in Narrow Range Ahead of Important Week
Fri, 19 Aug 2016 19:09:00 GMT

Posted To: Mortgage Rate WatchMortgage Rates moved modestly higher today , but remain in an excruciatingly narrow range in the bigger picture. Actually, there's nothing too excruciating about it, unless you're trying to find something interesting to ..[read more]

Fannie's Economic Outlook: No Hike in September
Fri, 19 Aug 2016 15:22:06 GMT

Posted To: MND NewsWireFannie Mae said it is maintaining its forecast for 2016's GDP at the same 1.8 percent it forecasted in July despite the fact second quarter growth came in a 1.2 percent, more than 1.0 point lower than the company's forecast las..[read more]

Some State Residential Regulation Changes; Rural Housing Lender Trends
Fri, 19 Aug 2016 15:08:34 GMT

Posted To: Pipeline PressIn case it comes up at Happy Hour tonight, how are things working out in Japan? “The Bank of Japan, already a top-five owner of 81 companies in Japan’s Nikkei 225 Stock Average, is on course to become the No. 1 sh..[read more]

MBS Day Ahead: Taking Cues From "The Range" Implies Weakness Today
Fri, 19 Aug 2016 13:03:38 GMT

Posted To: MBS CommentaryYesterday's recap signed off with the following thought: "no data on tap for tomorrow [in reference to today], the trading range should be as good a guide as anything. With that in mind, rates are slightly closer to the l..[read more]

MBS RECAP: Bonds Uneventfully Extend Post-FOMC Gains
Thu, 18 Aug 2016 21:37:09 GMT

Posted To: MBS CommentaryToday was one of the many summer trading sessions that you wouldn't miss if it never happened . Bond markets ended up making modest gains after the 5yr TIPS auction (not normally something we look to for market movement!)..[read more]

Mortgage Rates Slightly Lower
Thu, 18 Aug 2016 19:27:00 GMT

Posted To: Mortgage Rate WatchMortgage Rates continued avoiding drama today, moving moderately lower as bond markets held on to gains that followed yesterday's Fed Minutes. As we discussed yesterday, the Fed didn't say anything earth-shattering, but ..[read more]

Higher Pull-Through and 739 Average FICO -EllieMae
Thu, 18 Aug 2016 16:39:43 GMT

Posted To: MND NewsWireOrigination closing rates reached their highest levels of the year in July according to Ellie Mae's Origination Insight Report. The closing or pull-through rate for all loans increased to 71.6 percent compared to 69.6 percent i..[read more]

Jumbo Mortgage Trends And The Declining Middle Class - Billionaires' Cash Reserves
Thu, 18 Aug 2016 13:26:27 GMT

Posted To: Pipeline PressThere are two and a half weeks before Labor Day, the traditional end of summer. For those out and about, and who like ice cream, MM sent along a list of the best ice cream in each state ." This proves many things, two of whic..[read more]

MBS Day Ahead: Markets Want to Hear it From Yellen
Thu, 18 Aug 2016 13:20:00 GMT

Posted To: MBS CommentaryPicture it: a smoky lounge, the vaguely distinctive clinking of ice cubes in cocktail glasses, a mellow jazz band, and a tantalizing performance of " Do Nothing Till You Hear From Me ." In this particular metaphor, we're not ..[read more]

MBS RECAP: Post-Fed-Minutes And The Range is Still The Range
Wed, 17 Aug 2016 19:47:34 GMT

Posted To: MBS CommentarySurprise surprise! The range is still the range for bond markets and mortgage rates. Yesterday's tough talk from Fed Presidents Dudley and Lockhart proved to be individual opinions amid a broader, softer stance from the w..[read more]

Mortgage Rates Unfazed By Fed Minutes
Wed, 17 Aug 2016 19:11:00 GMT

Posted To: Mortgage Rate WatchMortgage Rates were sideways to slightly higher today, although some lenders offered modest improvements after the release of the Minutes from the most recent Fed meeting. Some investors were prepared for (or "worried ab..[read more]

HMDA Will Announce 20 Percent Origination Surge -CoreLogic
Wed, 17 Aug 2016 15:42:19 GMT

Posted To: MND NewsWireTouting its record of on-target estimate, CoreLogic has again anticipated the official conclusions about 2015 mortgage originations in advance of the annual release of HMDA data. The Home Mortgage Disclosure Act (as amended by ..[read more]

HOA and Legal Developments; MI and Other Insurance News
Wed, 17 Aug 2016 15:38:03 GMT

Posted To: Pipeline PressWant to comment on TRID & Reg. Z? Click on the " How to Comment " button. Better to do it now, good or bad, than to complain about it after the comment period ends. Switching gears to legal issues...What's this? Lawyers givin..[read more]

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