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Real Estate News |
MBS Week Ahead: New Breakout or New Ceiling?
Mon, 15 Jul 2019 13:12:17 GMT
Posted To: MBS CommentaryIn the week just passed, the first 4 days (and especially Tue/Thu) served as the scene for a breakout from the previous trend (seen in the yellow lines on today's chart). Investors eagerly awaited Powell's congression..[read more]
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Non-QM, Broker, Marketing, Tech Products; Wholesale News; Webinars
Mon, 15 Jul 2019 12:47:12 GMT
Posted To: Pipeline PressYou don’t think your spouse listens to you? What about Google? You bet: “Google Very Angry After Contractor Leaks Over a Thousand Assistant Recordings.” Interesting that many of the “best and brightest..[read more]
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MBS RECAP: After 5 Frantic Days, Bonds Punch Out Early
Fri, 12 Jul 2019 22:28:26 GMT
Posted To: MBS CommentaryLast Friday's jobs report meant business (bad business for low rates). Even though Powell ultimately told us that one jobs report wouldn't fundamentally alter the risks to the economic outlook in Wednesday's congr..[read more]
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Highest Mortgage Rates in More Than 3 Weeks
Fri, 12 Jul 2019 21:56:00 GMT
Posted To: Mortgage Rate WatchMortgage rates moved decisively higher this week as the underlying bond market finally began shifting gears. After the Fed meeting in June, rates moved to the lowest levels in more than 2 years and had been holding in a ..[read more]
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Everything You Need to Know About Housing - and Then Some
Fri, 12 Jul 2019 15:28:32 GMT
Posted To: MND NewsWireThe U.S. Census Bureau recently released a treasure trove of data, its 2018 report on Characteristics of New Housing. The report, based on data collected by the Bureau's Survey of Construction, covers a huge array of stats abou..[read more]
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New Home Buyers Shied Away in June Despite Friendly Rates
Fri, 12 Jul 2019 14:52:02 GMT
Posted To: MND NewsWireApplications for financing new home purchases slipped in June in spite of the continued easing of mortgage interest rates. The Mortgage Bankers Association (MBA) said its Builder Application Survey (BAS) shows mortgage applicat..[read more]
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U/W Products; LO Training; Fannie, ARMs, and SOFR; Yield Curve News
Fri, 12 Jul 2019 13:16:54 GMT
Posted To: Pipeline PressGlenn Freezman sent, “I have a step ladder. I never knew my real ladder.” Toddlers, drunk people, and yoga pants don’t lie. What about statistics? Denver’s medical marijuana dispensaries outnumber Star..[read more]
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MBS Day Ahead: Ducking, Covering, and Waiting For Sell-Off To Run Its Course
Fri, 12 Jul 2019 13:12:05 GMT
Posted To: MBS CommentaryIn the day just passed, bonds slipped into a bit of a capitulation sell-off following slightly stronger CPI data and a much weaker 30yr bond auction. In and of themselves, these events might not have justified the amount of s..[read more]
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VA Churning is Costing All Ginnie Mae Borrowers and Investors
Fri, 12 Jul 2019 12:21:45 GMT
Posted To: MND NewsWireThe Government National Mortgage Association (Ginnie Mae) is the agency, housed under the Department of Housing and Urban Development, that converts government guaranteed mortgages into mortgage-backed securities for investors ..[read more]
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Digital, Broker, Capital Mkts. Products; FHA and Down Payment News
Thu, 11 Jul 2019 13:09:32 GMT
Posted To: Pipeline PressIn honor of World Population Day today, the Census Bureau tells us that the world’s population will hit 7.58 billion this month. But why believe that? Or anything “experts,” like actuaries or scientists, tel..[read more]
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MBS Day Ahead: Bonds in Process of Deciding on Range Breakout
Thu, 11 Jul 2019 13:08:13 GMT
Posted To: MBS CommentaryIn the day just passed, bonds weakened abruptly in the overnight session--mostly due to strong European economic data. Traders were also cautious ahead of Fed Chair Powell's congressional testimony. When the prepared rema..[read more]
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MBS RECAP: Bonds Successfully Run Gauntlet of Big Ticket Events
Wed, 10 Jul 2019 19:10:31 GMT
Posted To: MBS CommentaryThere was a lot that could have gone wrong for the bond market today, given the confluence of big-ticket events (Powell testimony, 10yr auction, Fed minutes, technical momentum shifts). Not only did bonds run that gauntlet wi..[read more]
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Mortgage Rates Mixed Follow Fed Chair Testimony
Wed, 10 Jul 2019 18:31:00 GMT
Posted To: Mortgage Rate WatchMortgage rates were mixed today following the much-anticipated congressional testimony by Fed Chair Jerome Powell. Although these testimonies are regularly scheduled events (twice a year), they can offer important insigh..[read more]
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Construction, Broker, Reno Products; Closer Look at Stearns' Deal; Ginnie and SOFR
Wed, 10 Jul 2019 13:59:43 GMT
Posted To: Pipeline PressThere are still, surprisingly, people who deny that climate change is occurring. There are plenty of low-lying areas of this country that are threatened now or will be in the coming years. And just think of all those jumbo lo..[read more]
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MBS Day Ahead: Markets Look to Powell to Confirm (or Reject) Outlook
Wed, 10 Jul 2019 13:16:26 GMT
Posted To: MBS CommentaryIn the day just passed, bonds weakened slightly but remained inside the recent range. The weakness is in line with a linear trend leading to the upper end of the range following Friday's strong jobs report. We can assume ..[read more]
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Strong Purchase Applications Ignore Holiday Lull
Wed, 10 Jul 2019 12:22:29 GMT
Posted To: MND NewsWireIndependence Day played the usual holiday havoc on mortgage applications data, but some trends were maintained. The Mortgage Bankers Association (MBA) said its seasonally adjusted Market Composite Index, a measure of applicatio..[read more]
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MBS RECAP: Bonds Staging For a Range Breakout
Tue, 09 Jul 2019 19:59:11 GMT
Posted To: MBS CommentaryBonds weakened today, even if only slightly. It was enough to bring 10yr yields right up to the closest and arguably most significant overhead technical level at 2.07%. If we consider that ceiling to be a small zone between 2..[read more]
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Mortgage Rates Higher Ahead of Powell Testimony
Tue, 09 Jul 2019 19:07:00 GMT
Posted To: Mortgage Rate WatchMortgage rates rose today, largely in response to weakness in the bond market seen yesterday afternoon (and confirmed this morning). Mortgage rates follow the bond market, but mortgage lenders don't like to adjust their ..[read more]
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Mortgage Credit Availability Could Level-Off Here
Tue, 09 Jul 2019 17:59:31 GMT
Posted To: MND NewsWireWhile it was only a small gain, the June increase in the Mortgage Credit Availability Index (MCAI) was the sixth in a row . The Mortgage Bankers Association (MBA) said the index was up 0.2 percent compared to May, reaching 189...[read more]
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Delinquency Rates Lowest in Decades, with Disaster-Related Exceptions
Tue, 09 Jul 2019 14:36:08 GMT
Posted To: MND NewsWireThe national delinquency rate declined by another 0.7 percent on an annual basis in April. Mortgage loans that were 30 or more days past due, including those in foreclosure, accounted for 3.6 percent of all outstanding mortgage..[read more]
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MBS Day Ahead: Draghi Speeches and Treasury Auctions Begin as Bonds Test Breakout
Tue, 09 Jul 2019 13:21:15 GMT
Posted To: MBS CommentaryIn the day just past, bonds began the week slowly and without much conviction. Friday's post-NFP weakness was essentially confirmed by the fact that yields held near post-NFP highs without any meaningful push back. The co..[read more]
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Digital, Appraisal, Non-QM Products; Upcoming Training, Don't Ignore CECL
Tue, 09 Jul 2019 12:48:21 GMT
Posted To: Pipeline PressI find it amusing when someone tells me, “The stock market is too risky for me. I have my money with some investment gal/guy.” What do you think they do with it? Deutsche Bank, prominent in the residential & comme..[read more]
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MBS RECAP: Bonds End Weaker After Decent Start
Mon, 08 Jul 2019 22:01:16 GMT
Posted To: MBS CommentaryToday was the story of a bond market that is considering a potential shift in momentum in response to a confluence of events. These include last Friday's jobs report, the raft of speeches from Fed Chair Powell in the comi..[read more]
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Mortgage Rates Under Some Pressure
Mon, 08 Jul 2019 21:28:00 GMT
Posted To: Mortgage Rate WatchMortgage rates began the day in slightly lower territory compared to last Friday afternoon, but they'd risen noticeably from Wednesday to Friday. The recovery seen this morning wasn't enough to get them back in line with..[read more]
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Low Rates Help Home Purchase Sentiment Hold Near Highs
Mon, 08 Jul 2019 19:38:46 GMT
Posted To: MND NewsWireConsumers are beginning to buy into the idea that mortgage rates might go down, at least according to responses to the June National Housing Survey (NHS) . However, that may not mean they have a lot of confidence in housing ove..[read more]
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