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MBS RECAP: Trump Trade Tweets Topple Treasuries and Invoke Tennyson
Fri, 23 Aug 2019 22:09:09 GMT

Posted To: MBS CommentaryI was going to leave Tennyson out of the headline and bask in the alliterative glory of an unprecedented 5T title, but I figured you should know there's something wacky and interesting here in case you're into that so..[read more]

Mortgage Rates Recover as Trade Tensions Reignite
Fri, 23 Aug 2019 21:33:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were noticeably higher through yesterday afternoon as the bond market had generally been bouncing back from the more extreme levels achieved last week. Markets approached today's Jackson Hole symposium wit..[read more]

Millennials Differ in Housing Preferences, But Not by Much
Fri, 23 Aug 2019 17:16:19 GMT

Posted To: MND NewsWireWith the huge Millennial generation finally buying houses, the National Association of Home Builders has taken a deep dive into their various preferences for where and how they are going to live. Last year it conducted the four..[read more]

Junes New Home Sales Revision Was a Post-Crisis Record
Fri, 23 Aug 2019 14:56:52 GMT

Posted To: MND NewsWireThe U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed homes fell 12.8 percent in July to a seasonally adjusted annual rate of 635,000 units. Forecasts pinned that number at 6..[read more]

MBS Day Ahead: Jackson Hole Day - Here's What That Means
Fri, 23 Aug 2019 13:14:35 GMT

Posted To: MBS CommentaryIn the day just passed, bond markets weakened in the overnight session and then held mostly steady during the domestic hours. The most notable attempt to change that was seen after the exceptionally weak Markit PMI data which..[read more]

Sales, LO jobs; DPA, Pricing, Recruiting Products; Vendor Updates
Fri, 23 Aug 2019 13:01:25 GMT

Posted To: Pipeline PressJapan's government bonds could soon join Germany's in having negative yields on all maturities. Japanese debt has gone negative out to 15 years, and buyers are turning to 30- and 40-year bonds to get positive yields. Falling ..[read more]

MBS RECAP: MBS Outperform as Treasuries Continue Correcting
Thu, 22 Aug 2019 20:18:40 GMT

Posted To: MBS CommentaryToday's most prominent trade was the reaction to the 9:45am Markit PMI data. Several of the metrics were at their weakest levels since 2009. The composite PMI was the lowest since record keeping began. That means that the..[read more]

Mortgage Rates Hold Steady at Week's Highest levels
Thu, 22 Aug 2019 19:57:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to hold relatively steady today after moving higher at their fastest pace in over a week yesterday. Incidentally, they also hit their highest levels in more than a week as well. In the bigger pictu..[read more]

Treasury Report Sparks Rumors of Fannie/Freddie Liberation
Thu, 22 Aug 2019 18:42:02 GMT

Posted To: MND NewsWireSources are telling Bloomberg that a report on the White House's plan to release Fannie Mae and Freddie Mac (the GSEs) from their 11-year long conservatorship has landed on the desks of several agencies and is also in the hands..[read more]

POS, Broker, Marketing Products; Trends in Customer Service
Thu, 22 Aug 2019 13:01:01 GMT

Posted To: Pipeline PressThank you to everyone who wrote yesterday correcting me that Hawai’i’s 1959 statehood is 60 years old and not 50. I know it’s not the case, but sometimes it seems like admitting Hawai’i was the last th..[read more]

MBS Day Ahead: Bonds Set to Spar With Key Yield Ceiling
Thu, 22 Aug 2019 12:52:09 GMT

Posted To: MBS CommentaryIn the day just passed, bonds digested and reacted to the minutes from the latest Fed meeting (from late July). Given that the Fed cut rates at that meeting and that many speakers have made themselves clear, there wasn't ..[read more]

Loan Closing Rates Hit Record High
Thu, 22 Aug 2019 12:41:56 GMT

Posted To: MND NewsWireThere was a dramatic drop in the average note rate for loans originated in July and the refi share of those originations rose significantly. The July Origination Insight Report from Ellie Mae shows a seventh consecutive monthly..[read more]

July Delinquency Rate Lowest in Almost 20 Years
Thu, 22 Aug 2019 12:13:59 GMT

Posted To: MND NewsWireBlack Knight said on Thursday that the national delinquency rate fell back by 7.27 percent in July , erasing last month's increase that was caused in party by the calendar. The new rate, 3.46 percent of all active mortgages, is..[read more]

MBS RECAP: Jerky Knees After Fed
Wed, 21 Aug 2019 21:33:50 GMT

Posted To: MBS CommentaryToday brought the (not very) much-anticipated FOMC Minutes--a more detailed account of the conversation that transpired at the end of July when the Fed announced its rate cut. As expected, some at the Fed wanted to cut more. ..[read more]

Mortgage Rates Pop Higher
Wed, 21 Aug 2019 20:58:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher today, and it had nothing to do with any of the day's events or news headlines. Quite simply put, the bond market (which dictates the rates that can offered by lenders) had already begun to we..[read more]

Low Rates "Nudged" Existing Home Buyers NAR says
Wed, 21 Aug 2019 15:19:49 GMT

Posted To: MND NewsWireExisting home sales returned to an upward track in July after dipping 1.7 percent in June. The National Association of Realtors® (NAR) said pre-owned single-family homes, townhomes, condominiums, and cooperative apartments ..[read more]

MBS Day Ahead: Consolidating Into Fed Minutes, But Not Because They Guarantee a Breakout
Wed, 21 Aug 2019 14:14:44 GMT

Posted To: MBS CommentaryIn the day just passed, a modest uptrend in yields was "defeated" from a technical standpoint. Yields broke below a trend-line marking "higher lows" that began last Thursday afternoon and spent the rest of the day moving most..[read more]

Customer Retention, Broker Products; Yield Curve and Mortgage Rates
Wed, 21 Aug 2019 12:43:24 GMT

Posted To: Pipeline PressCongratulations to Hawaii which became a state fifty years ago today. We’ve had plenty of economic cycles, small and large, in fifty years, although in general rates have been coming down since 1981. And we’ve had..[read more]

Share of Custom Home Construction Remains Flat
Wed, 21 Aug 2019 12:16:36 GMT

Posted To: MND NewsWireResidential construction has been famously slow for several years and some new analysis of Census data by the National Association of Home Builders (NAHB) shows that the lack of robustness is shared in the custom home sector. I..[read more]

Refinancing Wave Continues; Lenders May Have Capacity Restraints
Wed, 21 Aug 2019 12:11:54 GMT

Posted To: MND NewsWireThe volume of mortgage applications continued to be shored up by refinancing during the week ended August 16, but overall activity was down. The Mortgage Bankers Association (MBA) said its Market Composite Index slipped 0.9 per..[read more]

MBS RECAP: Bonds Reject Bad Break, But What's Next?
Tue, 20 Aug 2019 21:41:44 GMT

Posted To: MBS CommentaryBonds were breathing easy by the time the domestic session got underway. Before that, they kicked off the overnight session in lower yield territory. Modest gains meant a friendly break below the potentially troubling resista..[read more]

Mortgage Rates Fairly Flat Today, But Volatility Could Increase
Tue, 20 Aug 2019 21:13:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held steady today, for the most part. If there was a leaning, it was toward slightly lower rates, but not by a wide enough margin to be significant. At first glance, holding steady at the lowest levels in ..[read more]

New Fair Housing Rule Eases Defense of Disparate Impact Claims
Tue, 20 Aug 2019 18:30:59 GMT

Posted To: MND NewsWireMonday's edition of the Federal Register featured a proposed rule that, depending on your viewpoint, would amend the Department of Housing and Urban Development's (HUD's) interpretation of the Fair Housing Act's disparate impac..[read more]

MBS Day Ahead: Apparently, It's Not Over Yet
Tue, 20 Aug 2019 12:59:16 GMT

Posted To: MBS CommentaryIn the day just passed, we considered a rather melodramatic question ("is it over?"), which refers to the general strength in the bond market seen in August and our ability to maintain (or improve upon) the lowest rates in 3 ..[read more]

DPA Products; Webinars This Week; Credit News; Better.com is Worth What?
Tue, 20 Aug 2019 12:45:37 GMT

Posted To: Pipeline PressWhy is a 43% DTI, a line many view as “drawn in the sand,” so critical to the ability of a borrower to repay a loan? What about reserves or utility bill payment? If the borrower is already paying $2,000 a month in..[read more]

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