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Real Estate News
MBS RECAP: Might as Well Hit This Weekend With Some Hope
Fri, 21 Sep 2018 21:28:25 GMT

Posted To: MBS CommentaryBy today, it became clear that bonds were fully locked into a sideways consolidation in a range defined by the highs seen on Wed/Thu and the lows marked by the 3.06% technical levels. Of the past 3 sideways days, today was th..[read more]

Best Day of a Rotten Week For Mortgage Rates
Fri, 21 Sep 2018 20:46:00 GMT

Posted To: Mortgage Rate WatchMortgage rates actually fell today, on average--something they haven't been able to say all week, or indeed at nearly any time during the past 4 weeks. Yesterday, in particular, was the worst day for rates since 2011 for..[read more]

Many Enlist, but Flood Coverage Still Falls Short
Fri, 21 Sep 2018 20:44:39 GMT

Posted To: MND NewsWireEven as flood water continue to sit in living rooms and kitchens across a large swath of North Carolina it is clear that most of those homes are not insured against the damage. Mary Williams Walsh, writing in the New York Times..[read more]

MBS Day Ahead: Pain and Belief Radiating Across The Rate Spectrum
Fri, 21 Sep 2018 14:15:22 GMT

Posted To: MBS CommentaryMore often than not, when I use the word "believe" (or belief), it's in some vague and positive context. For instance, something like "bond buyers are starting to believe again." That won't be the case today--at least..[read more]

Investor Products; Mortgage Fraud Paper; Wells, PUF, BMO Harris Personnel Changes
Fri, 21 Sep 2018 12:40:58 GMT

Posted To: Pipeline PressWhen I spent an hour interviewing Angelo Mozilo on stage last week for the American Pacific Mortgage Summit, one of the issues we discussed was the competitive environment for lenders, and the evolution of the mortgage loan o..[read more]

MBS RECAP: Not a Win, But At Least It's Not a Loss
Thu, 20 Sep 2018 21:28:51 GMT

Posted To: MBS CommentaryAfter a series of demoralizing losses, it feels like some small victory for bonds to simply remain sideways today. That wasn't necessarily a given early this morning. In fact, yields hit new intraday highs for the week--t..[read more]

Mortgage Rates Trying to Stop The Bleeding
Thu, 20 Sep 2018 20:40:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were mostly able to hold steady today, although they technically moved just a bit higher and that technically leaves them at the highest levels in 7 years. But hey! Let's focus on the positives... In terms..[read more]

Existing Home Sales Level Out After Long Decline
Thu, 20 Sep 2018 15:25:18 GMT

Posted To: MND NewsWireIt was a disappointment, but at least it wasn't a loss. Existing home sales, which were expected to increase in August after four straight months of declines instead remained unchanged from July. In fact, almost the entire repo..[read more]

Vendor Mgt. and POS Products; Upcoming Events; Ask a Lender's Sunset?
Thu, 20 Sep 2018 13:00:01 GMT

Posted To: Pipeline PressThis Saturday is the autumn equinox – season-wise, we know what is on the way. “Rob, we, like everyone else, are watching the approaching winter, and higher rates, and wondering if there are ways to improve our fi..[read more]

MBS Day Ahead: Long-Term Trend is a Cheap Trick. Here's The Reality For Rates
Thu, 20 Sep 2018 12:18:10 GMT

Posted To: MBS CommentaryOne of the themes we often revisit in times of trouble is the long-term bull market in bonds. This traces back to the 80's and provides a shockingly linear set of lower highs and lower lows in 10yr yields. Most recently, ..[read more]

August Loan Closing Rate Highest of Year
Thu, 20 Sep 2018 12:08:41 GMT

Posted To: MND NewsWireThe share of loans originated for refinancing rose in August for the first time this year. Ellie Mae's Origination Insight Report shows that closed transactions for refinancing represented 32 percent of the total, up 3 percenta..[read more]

MBS RECAP: Is It Over?
Wed, 19 Sep 2018 20:36:51 GMT

Posted To: MBS CommentaryThe titular question could be taken two ways . Is the selling pressure in bonds over? Is the "low rate environment" that's been in effect since mid-2011 over? The answers, in order are "probably not" and "for now." To be ..[read more]

Mortgage Rates Knocking on 5% Ceiling
Wed, 19 Sep 2018 19:37:00 GMT

Posted To: Mortgage Rate WatchMortgage rates are in bad shape . At some point in the past 3 days (depends on the lender), top tier 30yr fixed rate offerings hit their highest level in 5 years, then 7 years. For the first time since 2011, the most pre..[read more]

Home Starts Improve, but There's a Catch
Wed, 19 Sep 2018 14:04:04 GMT

Posted To: MND NewsWireBoth permits and starts were expected to pick up in August, at least holding on to their slight gains in July. Housing starts did deliver, posting a strong increase, but permits, a leading indicator, were down sharply. The U.S...[read more]

LO Jobs and Resources; Direct Streaming Treasury Trading; What's Moving Rates?
Wed, 19 Sep 2018 13:05:42 GMT

Posted To: Pipeline PressI received this question from a well-known lender in Texas. “Rob, our company views loan processors as the unsung heroes of lending. We’re evaluating how ours are paid. Any thoughts?” The STRATMOR Group does..[read more]

Mortgage Apps Gaining Ground Despite Higher Rates
Wed, 19 Sep 2018 12:10:07 GMT

Posted To: MND NewsWireLabor Day typically marks the end of summer and the resumption of business as usual. Hopefully it also marked the beginning of a turnaround for mortgage applications, which increased across the board for the first time since mi..[read more]

MBS RECAP: Bonds Tank as 2018 Fears Become Real Again
Tue, 18 Sep 2018 20:17:32 GMT

Posted To: MBS CommentaryRemember early 2018 when the fear was compounded by this list of bad actors? increased Treasury issuance to pay for the revenue shortfall in the new tax bill the upside economic/inflation potential created by the new tax bill..[read more]

Mortgage Rates Officially Highest in at Least 5 Years
Tue, 18 Sep 2018 19:35:00 GMT

Posted To: Mortgage Rate WatchMortgage rates edged up to 4-year highs with yesterday's bond market losses and things went from bad to worse today. Bond markets (which underlie and directly affect rates) are under extreme pressure today and have gener..[read more]

House-Hungry Millenials Help Keep Builder Confidence Solid
Tue, 18 Sep 2018 14:29:14 GMT

Posted To: MND NewsWireBuilder confidence in the market for newly-built single-family homes stabilized a bit in September. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which has been wobbly in recent months..[read more]

MBS Day Ahead: Bonds Adrift on an Angry Sea of Red
Tue, 18 Sep 2018 13:14:24 GMT

Posted To: MBS CommentaryNot to be confused with the Red Sea, which is an actual place, the sea of red in the title is merely a reference to general bias toward weakness in bond markets for however long you care to look back in time (provided you don..[read more]

Broker, Sales Products; Lender and Agency Florence Updates
Tue, 18 Sep 2018 12:41:54 GMT

Posted To: Pipeline PressTRID 2.0: mandatory compliance on 10/1 is only a few weeks away. Temenos has a primer on it , as does Qualia . The MBA had a piece on it . The NY MBA has a webinar next week. In Michigan the MMLA has a seminar on it this week..[read more]

MBS RECAP: Bonds Battle Back After Hitting Long-Term High Yields
Mon, 17 Sep 2018 21:06:55 GMT

Posted To: MBS Commentary10yr yields briefly hit their highest levels since May 23rd this morning after one large trade started a snowball sell-off in Treasuries. Before that, modest weakness was already intact. "A snowball sell-off to 4-month highs"..[read more]

Mortgage Rates Match 7-Year Highs
Mon, 17 Sep 2018 20:39:00 GMT

Posted To: Mortgage Rate WatchMortgage rates may have had a fairly bad day last Friday, but today was worse . Today officially saw the average lender back at rates not seen since May 17th, 2018. That date might not seem too far away, but at the time,..[read more]

Fannie Thinks Economic Expansion Just Peaked
Mon, 17 Sep 2018 19:11:14 GMT

Posted To: MND NewsWireThe robust growth in the economy in the second quarter may be the final peak of this expansion according to Fannie Mae's Economic Development Report for September. Initial data indicates the 4.2 percent growth last quarter appe..[read more]

Downpayments Hit Record Levels
Mon, 17 Sep 2018 15:00:50 GMT

Posted To: MND NewsWireThere were quite a few recent milestones, high and low, noted in the Quarter 2 Residential Property Loan Origination Report from ATTOM Data Solutions. The report covers the 2.09 million 1 to 4 unit residential loans originated ..[read more]

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