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Real Estate News
MBS RECAP: More Defensive After Jobs Report, But Not Necessarily Because of it
Fri, 07 Aug 2020 19:01:43 GMT

Posted To: MBS CommentaryMore Defensive After Jobs Report, But Not Necessarily Because of it The jobs report was hard-pressed to live up to its historical market movement potential this morning, but it did its best to surprise markets. Bonds reacted ..[read more]

Homebuyer Sentiment Continues Previous Decline
Fri, 07 Aug 2020 18:38:50 GMT

Posted To: MND NewsWireFannie Mae's Home Purchase Sentiment Index (HPSI) faltered a bit in July as it tried to recover from its 29.5-point aggregate plunge in March and April. The index, derived from six questions on the National Housing Survey (NHS)..[read more]

Ops Jobs; Reverse, Training, VA Tools and Products; Ellie's $11 billion Sale and Other Vendor News
Fri, 07 Aug 2020 13:12:39 GMT

Posted To: Pipeline PressLet me get this straight. It’ll take a year or two for a cure for a virus that can be killed with hand sanitizer, soap, and hot water? COVID is driving our economy, driving headlines, driving working from home and manag..[read more]

Another Wave of Forbearances is Probably On The Way
Fri, 07 Aug 2020 12:30:58 GMT

Posted To: MND NewsWireThere was a significant decline in the number of active COVID-19 related forbearance plans over the past week, but that decrease did not necessarily mean homeowners were emerging from financial difficulties. Black Knight said i..[read more]

MBS Day Ahead: Time For Non-Farm Payrolls, A Report That Used To Matter
Fri, 07 Aug 2020 12:29:35 GMT

Posted To: MBS CommentaryNo other piece of scheduled monthly economic data has a better track record of influencing the bond market than nonfarm payrolls. There are stretches of multiple consecutive months where it has arguably been responsible for s..[read more]

Most Mortgage Rate Headlines Are Wrong Today
Thu, 06 Aug 2020 21:05:00 GMT

Posted To: Mortgage Rate WatchThere are quite a few more new stories than normal about mortgage rates today. Most of them are wrong. This one is not, and it's pretty easy to see why. Freddie Mac releases its weekly mortgage rate survey every Thursday..[read more]

MBS RECAP: Bonds Generally Consolidating Ahead of Jobs Report
Thu, 06 Aug 2020 20:49:30 GMT

Posted To: MBS CommentaryBonds Generally Consolidating Ahead of Jobs Report MBS were higher today, but for the week as a whole, they've been flat (and right in line with last Friday's levels as of this afternoon). That doesn't seem like a..[read more]

Foreign Buyers are Pumping the Brakes on Home Purchases
Thu, 06 Aug 2020 15:43:54 GMT

Posted To: MND NewsWireForeign buyers cut back their investment in U.S. residential properties over the 12 months that ended in March. It was the second year-over-year decline. The National Association of Realtors® (NAR) annual survey among its m..[read more]

MBS Day Ahead: Slow, Steady Rally Wasting No Time Reasserting Itself
Thu, 06 Aug 2020 14:07:07 GMT

Posted To: MBS CommentaryYesterday's bond market weakness prompted a conversation about the limits of the current rally. It went a little something like this (<----that's a link you can click). For the non-link-clickers out there, here's ..[read more]

LO Jobs; Risk Tool; Webinars and Training; Servicing and MSR Update; Rates Continue Lower
Thu, 06 Aug 2020 13:21:28 GMT

Posted To: Pipeline PressOriginators and lenders are having a great summer from income and profitability perspectives. The thick margins are making managers look like champs, arguably covering up other issues that would normally be corrected. Rocket,..[read more]

Rates End 6-Day Streak at Record Lows
Wed, 05 Aug 2020 21:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates cooled off today, rising for the first time since July 27th for the average lender. Between now and then we've seen a string of what have mostly been new record lows with top tier 30yr fixed offerings well..[read more]

MBS RECAP: Is The Rally Meeting Resistance or Just Consolidation?
Wed, 05 Aug 2020 20:07:10 GMT

Posted To: MBS CommentaryIs The Rally Meeting Resistance or Just Consolidation? With modest overnight weakness and a small negative reaction to this morning's headlines (ADP and Treasury issuance), bonds may be encountering some more resistance o..[read more]

Maybe Home Prices Aren't in Trouble After All?
Wed, 05 Aug 2020 13:58:15 GMT

Posted To: MND NewsWireHome prices increased in June at the fastest pace in more than seven years. CoreLogic said its Home Price Index (HPI) rose 1.0 percent from May, the largest month-over-month gain since January 2013. The appreciation from April ..[read more]

MBS Day Ahead: Bond Rally Running Out of Steam or Just Consolidating?
Wed, 05 Aug 2020 13:31:30 GMT

Posted To: MBS CommentaryWith modest overnight weakness and a small negative reaction to this morning's headlines (ADP and Treasury issuance), bonds may be encountering some more resistance on their journey toward lower yields and higher prices. ..[read more]

Business Practice, Income, Compliance Products; Renewing the Non-QM Segment
Wed, 05 Aug 2020 13:23:59 GMT

Posted To: Pipeline PressSince eating inside a restaurant is problematic, now’s the perfect time to eat better at home, get fit, and stay healthy. Never mind: Who are we trying to impress? We have snacks, we have sweatpants, let’s use the..[read more]

Mortgage Application Volume Pulls Back For Second Consecutive Week
Wed, 05 Aug 2020 12:20:02 GMT

Posted To: MND NewsWireMortgage application volume declined during the week ended July 31 even as mortgage interest rates reached another all-time low. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, ..[read more]

New Mortgage Rate Record; What Is a "Top Tier" Scenario?
Tue, 04 Aug 2020 20:51:00 GMT

Posted To: Mortgage Rate WatchMortgage rates are on a tear, with the average lender easily hitting new all-time lows today. How low is that? At this point it's safe to say that anything over 3% is too high as long as we're talking about a top tier sc..[read more]

MBS RECAP: Bonds Continue Pushing The Record Pace, But MBS Are Lagging
Tue, 04 Aug 2020 20:11:52 GMT

Posted To: MBS CommentaryBonds Continue Pushing The Record Pace, But MBS Are Lagging Yesterday we asked what would come next for bonds after breaking through resistance levels (.58 in 10yr yields and 103.00 in 2.0 UMBS), what comes next. Such breakou..[read more]

Ops Jobs; Marketing, Database Tools; Disaster Updates; Capital Markets
Tue, 04 Aug 2020 14:11:59 GMT

Posted To: Pipeline PressSure, you’re making bank now, but are you planning for next year? Is your company doing anything to “team up”? Many lenders, vendors, and real estate companies have strategic partnerships with other companie..[read more]

MBS Day Ahead: Another Day, Another Record High For MBS
Tue, 04 Aug 2020 13:49:05 GMT

Posted To: MBS CommentaryWhile there's no way to know how the day will wrap up for the MBS market, we know how it's starting out. We also know how 4 of the past 5 days have started out (and wrapped up, for that matter): at all-time highs. The..[read more]

Construction Spending Largely Unchanged as Shutdowns End
Mon, 03 Aug 2020 20:31:20 GMT

Posted To: MND NewsWireConstruction spending held firm in June, inching down fractionally from the May level and increasing a bit compared to June 2019. The U.S. Census Bureau said total spending during the month was at a seasonally adjusted annual r..[read more]

MBS RECAP: Bonds Defend New Territory
Mon, 03 Aug 2020 20:31:17 GMT

Posted To: MBS CommentaryBonds Defend New Territory Now that bonds have broken through previous resistance levels (.58 in 10yr yields and 103.00 in 2.0 UMBS), what comes next? Rather than look for fast-paced follow-through, it would be enough of a vi..[read more]

More Home Buyers are in the Market, but Shopping Takes Longer
Mon, 03 Aug 2020 15:56:21 GMT

Posted To: MND NewsWireIn the second quarter of 2020, 11 percent of American adults were planning on purchasing a home over the next 12 months, and of those, almost half were actively engaged in doing so. Rose Quint, writing in the National Associati..[read more]

Housing Affordability Best in Four Years, Purchase Rate Locks Surge
Mon, 03 Aug 2020 15:52:16 GMT

Posted To: MND NewsWireThe last report from Freddie Mac put its 30-year fixed rate mortgage (FRM) at 2.99 percent, up 1 basis point from the all-time low. Black Knight, in its new Mortgage Monitor , says that has made home affordability the best in f..[read more]

More Evidence of Strength in Housing as GDP Tumbles
Mon, 03 Aug 2020 14:40:37 GMT

Posted To: MND NewsWireThe National Home Builders Association (NHBA) has been saying since the COVID-19 virus first began to ravage the economy, that it might be housing that would drive the eventual recovery. Now they have some real evidence. The re..[read more]

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