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Real Estate News
HUD's Ben Carson Proposes Rent Increases, Work Requirements
Thu, 26 Apr 2018 16:32:51 GMT

Posted To: MND NewsWireNot sure whether to call it cooperation, a coincidence or a non-musical "call and response," but a proposal unveiled by Ben Carson, Secretary of Housing and Urban Development, seems to have made it pretty quickly into the halls..[read more]

MBS Day Ahead: Today is The First Push Back. Ask For More Proof
Thu, 26 Apr 2018 14:07:25 GMT

Posted To: MBS CommentaryToday is shaping up to be the first push back against the current selling trend. By current, I mean the sharper, shorter trend of the past 7 days as opposed to the longer-term trends that began in late 2016 and 2012. This cur..[read more]

Productivity and Marketing Products; Changes to ATR and QM? Not so fast...
Thu, 26 Apr 2018 13:13:09 GMT

Posted To: Pipeline PressI'm a capital markets guy, so, by some people’s definition, don’t know much about numbers. But I know that .250 (a quarter point) on a $100,000 loan is $250. Independent mortgage banks and mortgage subsidiaries of..[read more]

MBS RECAP: Selling Spree Continues
Wed, 25 Apr 2018 20:32:56 GMT

Posted To: MBS CommentaryThe recent rate drama continues unabated. Today was the 6th day of heavy selling in bond markets, bringing yields within striking distance of the 2014 highs near 3.041%. As has been the case during this sell-off, there really..[read more]

The Top Still Isn't In For Mortgage Rates
Wed, 25 Apr 2018 19:32:00 GMT

Posted To: Mortgage Rate WatchMortgage rates had another rough day as they continued moving up into new 4-year highs. Unlike the extremely mild and uneventful day-to-day changes seen for most of the past 2 months, rates are actually putting some dist..[read more]

NAHB Say Home Buyers Looking, but Facing a Tough Market
Wed, 25 Apr 2018 16:43:58 GMT

Posted To: MND NewsWireA new poll indicates that 17 percent of adults are ready and willing to purchase a home over the next year, and many will be first-time buyers . The information comes from a new research project inaugurated this week by the Nat..[read more]

MBS Day Ahead: Positive/Negative Potential Outcomes; Why This Time is Different
Wed, 25 Apr 2018 13:33:54 GMT

Posted To: MBS CommentaryIt will come as no surprise that I feel the level of discussion about 10yr yields being at 3% is overdone at best, and misguided at worst. Actually, it's clearly overdone, so let's talk about how it's misguided by..[read more]

Expense Control, Marketing Products; Digital Trends; Amazon's Blockchain Debut
Wed, 25 Apr 2018 13:22:56 GMT

Posted To: Pipeline PressAmazon Web Services, the conglomerate’s cloud computing division, has announced AWS Blockchain Templates, which will compete with similar offerings from IBM and Oracle . “The Amazon product gives developers access..[read more]

Mortgage Volume Flattens as Rates Rise
Wed, 25 Apr 2018 13:09:05 GMT

Posted To: MND NewsWireThe volume of mortgage applications received during the week ended April 20 was largely unchanged from the previous week . The Mortgage Bankers Association's (MBA) said its Market Composite Index, a measure of that volume, tick..[read more]

MBS RECAP: Bond Market Pain Continues; Volatility Potential Only Increasing
Tue, 24 Apr 2018 20:56:09 GMT

Posted To: MBS CommentaryAfter yesterday's somewhat hopeful leveling-off in bond yields, today served to drive home the point that hope is futile and only bad things are going to happen forever and ever. Well, at least that's how it felt toda..[read more]

Mortgage Rates Push Farther Into 4-Year Highs
Tue, 24 Apr 2018 20:26:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved somewhat higher again today, thus pushing them farther into the highest levels in more than 4 years. This isn't the result of anything that happened today, but rather an ongoing process whereby the b..[read more]

Home Sales Unfazed by Spring Snow and Rising Rates
Tue, 24 Apr 2018 15:24:00 GMT

Posted To: MND NewsWireNew home sales continue to improve after grim reports in December and January. New home sales posted a solid gain in March, and revisions to the February data also resulted in a positive outcome during the month. Those sales, r..[read more]

FHFA: Current Run of Rising Home Prices Likely to Continue
Tue, 24 Apr 2018 14:32:45 GMT

Posted To: MND NewsWireBoth the Federal Housing Finance Agency (FHFA) and the S&P CoreLogic Case-Shiller reported on February home prices on Tuesday and both showed little moderation in the rate of appreciation. Case-Shiller's reported gains, in fact..[read more]

MBS Day Ahead: Don't Let 3.0% Make You Dumber
Tue, 24 Apr 2018 14:25:00 GMT

Posted To: MBS CommentaryYou won't be able to avoid "3% 10yr Treasury Yields" this week. For starters, 10's have already hit 3.0033% today, but simply being close seems to have everyone inside and outside the industry talking. As is often the..[read more]

TPO and Secondary Products; Lender Data Breach; New LIBOR Substitute
Tue, 24 Apr 2018 13:12:37 GMT

Posted To: Pipeline PressWhere should a lender reduce expenses? I received this note from STRATMOR’s Jeff Babcock. “In our numerous conversations with client mortgage origination companies regarding necessitous cost cutting, the target is..[read more]

MBS RECAP: Bonds Show Up, Break Stuff, And Then Just Walk Away
Mon, 23 Apr 2018 21:16:15 GMT

Posted To: MBS CommentaryHave you ever seen someone randomly do something fairly awful/hurtful/aggressive, offer no explanation or apology, and then just leave the scene? That was essentially what bond markets did today. Friday's already unpleasa..[read more]

NOW Mortgage Rates Are at 4-Year Highs
Mon, 23 Apr 2018 20:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved markedly higher today, officially leaving them at new 4-year highs. The only other time they've earned that distinction this year was in February--NOT last week as all the major surveys claimed. To b..[read more]

Freddie Mac Forecast: Lots of "Ifs" and "Buts"
Mon, 23 Apr 2018 18:09:14 GMT

Posted To: MND NewsWireFreddie Mac's economists say, "The broader economic environment remains favorable for home sales," but they add a lot of caveats to that statement . Sales are holding up so far, despite the increase in mortgage rates, but will ..[read more]

Existing Home Sales Beat Headwinds, Score Small Gains
Mon, 23 Apr 2018 14:56:58 GMT

Posted To: MND NewsWireExisting-home sales seemed to have reclaimed their footing, posting their second consecutive gain after two straight months of declines. The National Association of Realtors® (NAR) said March sales of single-family homes, t..[read more]

Events and Webinars; GDP Primer; Rates at 2014 Levels
Mon, 23 Apr 2018 13:12:15 GMT

Posted To: Pipeline Press“A billion here, a billion there, pretty soon, you’re talking real money,” was never actually uttered by Illinois politician Everett Dirksen. ("Oh, I never said that. A newspaper fella misquoted me once, and..[read more]

MBS Week Ahead: 10yr at 3%: The Most Overrated--Possibly Even Meaningless--Ceiling
Mon, 23 Apr 2018 13:03:44 GMT

Posted To: MBS CommentaryI'm going to be surly this week about the way the bond market is covered in the financial media. Many of the articles to which I take exception will appear in the live news stream on MBS Live and Mortgage News Daily. They..[read more]

MBS RECAP: Bonds Surge to Weakest Levels since 2014
Fri, 20 Apr 2018 21:14:06 GMT

Posted To: MBS Commentary10yr yields hit the highest levels in more than 4 years this afternoon as bigger-picture selling pressure looks to be taking the reigns back from the Springtime consolidation that helped rates hold steady-to-slightly lower in..[read more]

Mortgage Rates Quickly Approaching 4-Year Highs
Fri, 20 Apr 2018 18:18:00 GMT

Posted To: Mortgage Rate WatchLet's clear one thing up before we begin. Freddie Mac, MBA, and Ellie Mae all noted new 4-year highs in mortgage rates this week. They are all technically wrong. This has to do with the way their data is collected and/or..[read more]

Wells Fargo to Face Largest Fine Yet
Fri, 20 Apr 2018 13:27:34 GMT

Posted To: MND NewsWireOnce again Wells Fargo is about to pay dearly for its inability to walk the straight and narrow. The Washington Post , under the byline of Renae Merle, is reporting that the bank is about to be hit with the largest penalty of t..[read more]

MBS Day Ahead: If Rates Keep Moving Higher, It Could Still Be a Head Fake
Fri, 20 Apr 2018 13:20:58 GMT

Posted To: MBS CommentaryRates are in the midst of a serious, threatening move higher. Yesterday brought additional confirmation of the end of the friendly Springtime consolidation trend and it took us one step closer to the highest yields in more th..[read more]

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