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Are Rates Doomed to Continue Higher?
Fri, 15 Oct 2021 23:33:00 GMT

Posted To: Mortgage Rate WatchAfter a calm summer at historic lows, interest rate volatility has ramped up heading into the fall. What are rates worried about, and is this just the beginning of more drama? In a word: maybe! Because they're based on b..[read more]

MBS RECAP: Steady Selling All Day For Bonds
Fri, 15 Oct 2021 19:08:04 GMT

Posted To: MBS CommentarySteady Selling All Day For Bonds Bonds may have rallied on Mon-Thu, but Friday's theme has been quite different. Right from the start of the overnight session, yields began slogging steadily higher. When Europe came onlin..[read more]

Forbearances Declining Faster, Plans Drop by 10%
Fri, 15 Oct 2021 17:32:20 GMT

Posted To: MND NewsWireThe number of homeowners in forbearance receded at a brisk clip last week as the first wave of final expirations continues. Black Knight reports the number of active plans dropped by about 10 percent during the week ended Octob..[read more]

Foreclosure Filings Reflect End of Moratorium
Fri, 15 Oct 2021 15:18:51 GMT

Posted To: MND NewsWireAs was probably inevitable, foreclosure files rose significantly in the third quarter of 2021 and appeared to accelerate in the last month of that quarter. The moratorium on foreclosures which was put in place in March 2020 in ..[read more]

"Good Time to Buy" Sentiment Erodes Further
Fri, 15 Oct 2021 14:55:26 GMT

Posted To: MND NewsWireConsumers continue to have divergent opinions about the current environment for buying and selling a home. Fannie Mae says its September National Housing Survey (NHS) found a slightly higher number of respondents who think it i..[read more]

MLO Jobs; Cap. Mkts., Analytics, Decisioning, Fee Collection Tools; Processing Changes; Primer on Tapering
Fri, 15 Oct 2021 14:52:45 GMT

Posted To: Pipeline PressLife is full of decisions. One space or two after a period in a sentence? Move to a state with no state income tax, or stay put? Wells Fargo is no longer the largest bank in the U.S. based on workforce, and I imagine trimming..[read more]

MBS Morning: Rates Responding To Another Retail Sales Surprise
Fri, 15 Oct 2021 12:57:22 GMT

Posted To: MBS CommentaryThursday brought more gains for bonds, but not the kind that led us to expect a continuation of the rally. Rather, we argued the improvement was better viewed as a consolidation of the past 3 weeks of bond market losses with ..[read more]

MBS RECAP: Can The Good Times Keep Rolling?
Thu, 14 Oct 2021 20:25:06 GMT

Posted To: MBS CommentaryCan The Good Times Keep Rolling? Referring to the past 3 days as "good times" is questionable. Perhaps "times" would be better? Still, the past 3 days are definitely good compared to where bonds left off at the end of last we..[read more]

No, Mortgage Rates Are Not "Sharply Higher" This Week
Thu, 14 Oct 2021 20:25:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell today as a majority of lenders finally got caught up with the past few days of strength in the bond market. Lenders rely on bonds--specifically mortgage-backed securities (MBS)--to determine where to ..[read more]

AE Jobs; Loan, U/W, Compliance, Business Intelligence Products; Condo and Co-op Agency News; Good Jobs Data
Thu, 14 Oct 2021 15:00:31 GMT

Posted To: Pipeline PressLabor strikes are back in the news, but this time of year is *** cancer awareness month . Did you know that 1 in 8 women get *** cancer, and it can attack men as well? What could be more important than a life? They aren&rsquo..[read more]

Refinance Share of Originations Back Above 50%
Thu, 14 Oct 2021 14:47:23 GMT

Posted To: MND NewsWireRefinancing again dominated mortgage originations in August after falling below a 50 percent market share in both June and July. ICE Mortgage Technology's Origination Insight Report put the refinancing share of closed transacti..[read more]

MBS Morning: Indecision Setting In
Thu, 14 Oct 2021 13:26:31 GMT

Posted To: MBS CommentaryHeadlines like "Indecision Setting In" have ironically been seen at the start of some days that ended up being big movers, so apologies in advance if that move happens to be toward higher rates today. Still, the overall asses..[read more]

Rates Fall For First Time in Over a Week
Wed, 13 Oct 2021 19:51:00 GMT

Posted To: Mortgage Rate WatchClosely following intraday moves for the bond market and mortgage rates means that seemingly insignificant time frames are actually important . For instance, it's actually not too common for rates to make it more than 5 ..[read more]

MBS RECAP: No Floors Harmed in Defense of The Ceiling
Wed, 13 Oct 2021 19:45:05 GMT

Posted To: MBS CommentaryNo Floors Harmed in Defense of The Ceiling With yields vaulting higher last week, we've been looking for any evidence that bond buyers had seen enough weakness to step in and "buy the dip." Buying the dip in prices means ..[read more]

AE Jobs; MBS Quote, Borrower, Processing, TPO, eClose Products; Conforming Conventional Changes
Wed, 13 Oct 2021 14:35:51 GMT

Posted To: Pipeline PressThose heading to the conference in San Diego should pack stylish, yet sensible, shoes given the amount of walking. (Today’s audio version of the commentary is available here and includes an interview between Robbie and ..[read more]

Mortgage Application Volume Barely Budges
Wed, 13 Oct 2021 14:31:14 GMT

Posted To: MND NewsWireThe volume of mortgage applications ticked up last week for the first time in three weeks, but an uptick was the extent of it. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, in..[read more]

MBS Morning: Ready and Willing to Trade The Fed Policy Path
Wed, 13 Oct 2021 13:45:09 GMT

Posted To: MBS CommentaryThere has been more than a little bit of willingness on the part of the bond market to react to Fed's rate hike outlook. This began in earnest after the last Fed announcement, but we're seeing it again this morning af..[read more]

MBS RECAP: Bonds Improve After Treasury Auction; Why MBS Are Lagging
Tue, 12 Oct 2021 20:15:45 GMT

Posted To: MBS CommentaryBonds Improve After Treasury Auction; Why MBS Are Lagging Bonds began the day weaker, but improved steadily after the 10yr Treasury auction. MBS underperformed--partly because the Treasury auction brings more direct benefit f..[read more]

Affordability Actually Improved in August Despite Surging Prices
Tue, 12 Oct 2021 20:14:58 GMT

Posted To: MND NewsWireA new report from the National Association of Realtors (NAR) says housing affordability in the U.S. improved in August for the second straight month. NAR's Housing Affordability Index rose from 150.6 in July to 151.3 but was do..[read more]

Rates Continue Higher Despite Bond Market Improvement
Tue, 12 Oct 2021 19:41:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued higher on Tuesday after reaching the highest levels in months by the end of last week. The bond market was closed on Monday, which meant today was the first time most lenders updated their mortga..[read more]

Over Half of Delinquent Homeowners Have Missed Six Payments
Tue, 12 Oct 2021 15:04:05 GMT

Posted To: MND NewsWireWhile the company estimates that about one million homeowners have not made a monthly mortgage payment in more than a year, CoreLogic says conventional measures of delinquency continue to retreat from pandemic highs. The nation..[read more]

Lenders Offer More Jumbo Loan Options as Credit Standards Ease Slightly
Tue, 12 Oct 2021 15:01:25 GMT

Posted To: MND NewsWireAccess to jumbo mortgages increased nearly 6 percent in September, pulling the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) higher for the third straight month. The index rose 1.5 percent to ..[read more]

LO, Cap. Mkts. Jobs; Automation, Credit, Processing Products; Conforming Conventional News; Redwood Trust Deal
Tue, 12 Oct 2021 14:57:13 GMT

Posted To: Pipeline PressPeople ask me for advice all the time. For example, I tell guys, “Don’t ask your wife when dinner will be ready while she’s mowing the lawn.” With the move in rates, LOs are looking for advice, hoping ..[read more]

MBS Morning: New Week, New Opportunities (And New Risks)
Tue, 12 Oct 2021 13:26:03 GMT

Posted To: MBS CommentaryLast week was unpleasant for the bond market. Yields tested and then broke above the technical ceiling at 1.56%, ultimately making it as high as 1.62% before leveling off into the 3-day weekend. The new week brings new risks ..[read more]

Highest Rates in Months Despite Weak Jobs Report
Fri, 08 Oct 2021 22:34:00 GMT

Posted To: Mortgage Rate WatchIt goes by many names: The Employment Situation, Nonfarm Payrolls (NFP), or simply "the jobs report." No matter what you call it, the Labor Department's massive collection of employment statistics is one of the most impo..[read more]

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