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Diversity Not Destined to Dampen Homeownership
Fri, 23 Jun 2017 18:09:16 GMT

Posted To: MND NewsWireThe final installment of a series of working papers produced by the University of Southern California (USC), in partnership with Fannie Mae, looks at the decade-spanning 10-point plunge in the homeownership rate of young Americ..[read more]

New Home Sales Rebound; Prices Crush Previous Record
Fri, 23 Jun 2017 14:46:48 GMT

Posted To: MND NewsWireThe report on May new home sales, released this morning, paints a much brighter picture than last month's release of April data. In that report, the U.S. Census Bureau and the Department of Housing and Urban Development sai..[read more]

Legal and Compliance News - Servicing Enforcement Action
Fri, 23 Jun 2017 14:13:48 GMT

Posted To: Pipeline PressRumors continue to swirl, this time about Orange County’s Americash. Yes, the drop in refi volume is showing, and even if you made it through the bad first quarter, it’s not a cake walk out there. On the other han..[read more]

MBS Day Ahead: Bond Traders Eyeing The Exits As Flat Week Winds Down
Fri, 23 Jun 2017 12:59:09 GMT

Posted To: MBS CommentaryYou've heard of "innocent until proven guilty." This week of trading in bond markets has been "flat and boring until proven volatile." For many, it's the first full week of summer. For others, it's the week where ..[read more]

MBS RECAP: Bonds Modestly Stronger, But Sideways Theme Remains
Thu, 22 Jun 2017 20:43:47 GMT

Posted To: MBS CommentaryYesterday's recap went into some detail about the market phenomenon that can result in intense periods of sideways momentum (and trader apathy) during certain weeks of certain summertime months. Long-story short, this wee..[read more]

Mortgage Rates Sideways to Slightly Lower
Thu, 22 Jun 2017 19:50:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have been so little-changed in recent days that yesterday's coverage wouldn't need to be changed in order to apply perfectly today. Indeed, the 3rd paragraph is a word-for-word repeat. To be fair though, w..[read more]

FHFA Home Prices Continue Strong Gains
Thu, 22 Jun 2017 13:38:01 GMT

Posted To: MND NewsWireApril data from the Federal Housing Finance Agency (FHFA) indicates that, once again, there was no moderation in the pace of home price increases . FHFA's Housing Price Index (HPI), which is based on loans sold to or guaranteed..[read more]

Prepayment Rate and Refinanceable Population Have Both Soared
Thu, 22 Jun 2017 13:18:56 GMT

Posted To: MND NewsWirePrepayments, apparently spurred by the recent retreat in interest rates, soared in May. Black Knight Financial Services, in its "first look" at the month's mortgage performance data, said there was a 23 percent increase in prep..[read more]

Purchase Loans, Closing Rates Improved in May
Thu, 22 Jun 2017 13:17:35 GMT

Posted To: MND NewsWireOriginations are increasingly tilted toward home purchase mortgages per the latest Origination Insight Report from Ellie Mae. The May data show the share of those mortgages gained another three percentage points to represent 68..[read more]

Multiple Vendor Updates; Internal Audit Service; Alight Raising Capital
Thu, 22 Jun 2017 12:58:16 GMT

Posted To: Pipeline PressThis week’s Sindeo's closure reminds lenders of the basic premise: if you didn't make money in 2016, what makes 2017 any different? Your competitors won't wait for you. Correspondent, wholesale, and warehouse partners w..[read more]

MBS Day Ahead: Clearly a Waiting Game, but For How Long?
Thu, 22 Jun 2017 12:53:32 GMT

Posted To: MBS CommentaryWith the trading activity seen in the wake of last Wednesday's high-volume/high-movement day, it's clear that bond markets have been in a holding pattern ever since. As can be seen in today's chart, and as we disc..[read more]

MBS RECAP: Summertime Sideways
Wed, 21 Jun 2017 20:50:40 GMT

Posted To: MBS CommentaryWith the taper tantrum in 2013 and Brexit in 2016, two of our most recent examples of summertime bond trading have been pulled very far from historical trends. Namely, the summer months tend to see narrower ranges and flatter..[read more]

Mortgage Rates are Barely Budging (And That's Great!)
Wed, 21 Jun 2017 19:11:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have been locked in an exceptionally narrow range for most of the month of June, but especially over the past 5 days. Given that mortgage rates are determined by the bond market where trading levels move c..[read more]

Existing Sales Rise, Prices Peak, Time-to-Sell at New Low
Wed, 21 Jun 2017 14:22:00 GMT

Posted To: MND NewsWireExisting home sales weren't expected to strengthen in May, in fact analysts were looking for a slight decline. Sales however did manage to recover from a significant April loss while inventories increased slightly and the media..[read more]

Borrower Satisfaction Survey; CRT's Help in Secondary; Credit Risk Increasing in Primary Market
Wed, 21 Jun 2017 13:30:04 GMT

Posted To: Pipeline PressWelcome to the first day of summer. Hey, I don’t where you’re going to be exactly two months from now, but on August 21, besides marking the anniversary of Hawai’i’s statehood, there are various places..[read more]

Refis Take Another Step Toward 50% of All Mortgage Apps
Wed, 21 Jun 2017 13:21:00 GMT

Posted To: MND NewsWireThe volume of applications for refinancing expanded for the third consecutive time during the week ended June 16. The Mortgage Bankers Association (MBA) said the increase offset another down week for purchase mortgages, giving ..[read more]

MBS Day Ahead: Oil's Impact on Markets: a Slippery Slope
Wed, 21 Jun 2017 13:17:43 GMT

Posted To: MBS CommentaryHere we are again with oil falling into new lows for the year and suddenly, it's the inspiration for everything according to most mainstream financial media. Slippery puns aside, don't fall for it! Sure, oil prices ma..[read more]

MBS RECAP: Bonds Erase Yesterday's Weakness Without Much Help
Tue, 20 Jun 2017 20:54:48 GMT

Posted To: MBS CommentaryToday had no significant news or events on the calendar, thus leaving traders to watch other traders for cues. To some extent, several Fed speakers got some attention, but the best we can do here is to pick out only the comme..[read more]

Rates Fall Slightly to Remain Near 8-Month Lows
Tue, 20 Jun 2017 19:44:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were steady to slightly lower today, with underlying bond markets essentially erasing the damage seen yesterday. This was neither here nor there for the mortgage world as most lenders didn't adjust rates m..[read more]

Rise in Purchase Mortgages Boosts Credit Risk
Tue, 20 Jun 2017 14:20:01 GMT

Posted To: MND NewsWireNew home purchase mortgages became a little riskier in the first quarter of 2017 per CoreLogic. The company said its Housing Credit Index (HCI), which measures trends in six mortgage credit risk attributes, edged up to 105.6, a..[read more]

MBA Objects to FHFA Non-Bank Servicer Proposal
Tue, 20 Jun 2017 13:43:28 GMT

Posted To: MND NewsWireMortgage Bankers Association President and CEO David H. Stevens, has released a statement objecting to one of the three recommendations made this week by the Federal Housing Finance Agency (FHFA) in its annual report to Congres..[read more]

Hedging Economic Bets
Tue, 20 Jun 2017 13:42:59 GMT

Posted To: MND NewsWireFannie Mae's Economic and Strategic Research Team hedged a few bets in its June economic summary. It laid out some wild cards while predicting that the current expansion, which marks its eight-year anniversary this month and is..[read more]

Reverse Mortgage Primer; LO Jobs and Products
Tue, 20 Jun 2017 13:28:00 GMT

Posted To: Pipeline Press“People who don’t give up attract other people’s attention.” As do people whose humor is stuck in 4th grade – like mine usually is. For example . Reverse Mortgages - Attracting Forward Lenders Gi..[read more]

MBS Day Ahead: Still Fighting to Hold The Range
Tue, 20 Jun 2017 13:08:33 GMT

Posted To: MBS CommentaryThe week continues to offer little by way of scheduled economic data/events to stir the pot, thus leaving us to observe the underlying biases among traders (if there are any). So far, those biases are hard to detect. Most opt..[read more]

MBS RECAP: Fed's Dudley Smacks Down Bond Bulls
Mon, 19 Jun 2017 21:06:42 GMT

Posted To: MBS CommentaryRight out of the gate this morning, NY Fed President William Dudley set a rather negative tone for bond markets with several comments that essentially smacked down some of the recent low-rate momentum. Here are the newswires ..[read more]

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