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Real Estate News
MBS RECAP: New Fed Vice Chair Helps Rates and Stocks
Sat, 17 Nov 2018 00:24:23 GMT

Posted To: MBS CommentaryWe haven't heard much out of new Fed Vice Chair Richard Clarida since he accepted the position, but what we heard today was good. Well, at least the bond market reaction was good. His comments ended up setting the tone fo..[read more]

Mortgage Rates Lowest in a Month
Fri, 16 Nov 2018 23:19:00 GMT

Posted To: Mortgage Rate WatchMortgage rates hit their lowest levels of THE month yesterday, and the lowest levels in A month today. It's a bit of a technicality, really. As of yesterday, there were a few days in mid-to-late October that saw lower ra..[read more]

New Home Sales, Prices Faded in October
Fri, 16 Nov 2018 17:16:49 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) notes that applications for the purchase of new homes declined by 2.1 percent in October compared to the same month in 2017. Those applications were also 11 percent lower than in September..[read more]

Mutual Mortgage Insurance Fund Outperforms for Fourth Year in a Row
Fri, 16 Nov 2018 15:22:01 GMT

Posted To: MND NewsWireThe Federal Housing Administration (FHA) said on Thursday that its Mutual Mortgage Insurance Fund (MMI Fund) exceeded its congressionally mandated minimum reserves in FY2018 for the fourth year in a row. In its 2018 Annual Repo..[read more]

MBS Day Ahead: Bonds Already Commuting for Thanksgiving?
Fri, 16 Nov 2018 14:24:15 GMT

Posted To: MBS CommentaryBecause November 1st was a Thursday, we'll be treated to the earliest possible iteration of Thanksgiving. It's next week, by the way! Why are we talking about such things with respect to financial markets? Simply put,..[read more]

Profitability and Commission Products; HELOCs, Servicing, Digital...Geocoding Bid Tapes!
Fri, 16 Nov 2018 13:59:19 GMT

Posted To: Pipeline PressWhy is the housing market sluggish despite a solid U.S. economy, solid demographics, and pent-up demand? Those don’t matter if prices are out of reach relative to incomes , and housing appreciation has outpaced income g..[read more]

MBS RECAP: Bonds Pulled 2 Ways by Stocks and Global Gloominess
Thu, 15 Nov 2018 23:00:33 GMT

Posted To: MBS CommentaryRemember the middle of 2016 when rates managed to make it all the way back in line with all-time lows despite having almost no justification in terms of economic data and policy outlooks? Those low rates were mostly about Bre..[read more]

Fannie Mae Offering Relief Programs in Wildfire Areas
Thu, 15 Nov 2018 22:27:10 GMT

Posted To: MND NewsWireFannie Mae has expanded the menu of post-disaster services it is offering to its borrowers. The new services are in addition to the up to 12 months of forbearance, waived fees, and temporary foreclosure moratorium that Freddie ..[read more]

Lowest Mortgage Rates This Month!
Thu, 15 Nov 2018 22:11:00 GMT

Posted To: Mortgage Rate WatchMortgage rates hit their lowest levels of the month today! Sure, that's only 10 business days for the mortgage world, but we'll take every little victory we can get these days. Why is that? Because "these days" have been..[read more]

Buyers Not Holding Their Breath for Short Term Market Relief
Thu, 15 Nov 2018 17:10:35 GMT

Posted To: MND NewsWireIt ain't going to get any easier... The National Association of Home Builders (NAHB) tells us these cheery words encapsulate the attitude of respondents to its survey regarding home purchasing. The company's Housing Trends Repo..[read more]

MBS Day Ahead: Brexit Strikes Back
Thu, 15 Nov 2018 14:30:36 GMT

Posted To: MBS CommentaryAh Brexit... You thought you'd heard the last of it back in 2016? No such luck. Actually, it is a bit lucky to be hearing about it, at least as far as domestic rates are concerned. Both in 2016 and in the past week, Brexi..[read more]

Accounting, Subservicing, Warehouse Products; Freddie and Fannie Changes Roll On
Thu, 15 Nov 2018 14:01:36 GMT

Posted To: Pipeline PressWith only week until Thanksgiving there’s a lot going on – every one of these stats impacts lenders. CoreLogic tells us that there are 48,390 homes at risk from the current California wildfires. Believe in climate..[read more]

MBS RECAP: More Stock Losses Bring More Bond Bounces
Wed, 14 Nov 2018 21:58:10 GMT

Posted To: MBS CommentaryThe narrative has grown (remained?) the same for bonds lately. If stocks are losing ground, then it's time to rally . If stocks are stabilizing or recovering, it's time to sell . Today was more of the same in that reg..[read more]

Afternoon Mortgage Rate Improvements For Most Lenders
Wed, 14 Nov 2018 21:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates began the day in roughly unchanged territory. Some lenders were microscopically stronger or weaker compared to yesterday, but not enough to impact the average mortgage borrower. For the first few hours of ..[read more]

Millennials Could be Foregoing Equity Wealth
Wed, 14 Nov 2018 14:39:09 GMT

Posted To: MND NewsWireWhile reams of research have been done on why members of the Millennial generation are less likely to own a home compared to their baby boomer and Gen X elders at the same age, the Urban Institute (UI) notes that knowing the re..[read more]

MBS Day Ahead: CPI Gets First At-Bat, Then Back to Stocks
Wed, 14 Nov 2018 13:28:36 GMT

Posted To: MBS CommentaryBonds are actively trying to decide who they are and what they want to do with their lives. Will they be barometers of economic growth and inflation? Or will they be gauges of Fed bond buying and US government bond selling (s..[read more]

Mortgage Applications: Refis at Lowest Levels Since 2000
Wed, 14 Nov 2018 10:36:00 GMT

Posted To: MND NewsWireMortgage application activity continued to shrink during the week ended November 9. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume dropped by 3.2 percent on a seasonal..[read more]

MBS RECAP: Best Levels in More Than a Week Ahead of CPI
Tue, 13 Nov 2018 21:51:11 GMT

Posted To: MBS CommentaryCPI (the Consumer Price Index) has been the most relevant economic report on the horizon since the balmy NFP report from 2 weeks back. Reason being: NFP contained a strong wage growth component, and that always generates some..[read more]

Token Improvement For Mortgage Rates
Tue, 13 Nov 2018 21:25:00 GMT

Posted To: Mortgage Rate WatchMortgage rates improved by what could only be described as a token amount today. In other words, we're not talking about any major changes. In fact, mortgage rates themselves will be unchanged from Friday for almost any ..[read more]

Homes Sales and Prices in California May Have Hit an Affordability Tipping Point
Tue, 13 Nov 2018 16:17:41 GMT

Posted To: MND NewsWireIt may be that California, where home prices have exploded over the last few years, has jumped the shark when it comes to affordability. CoreLogic's Andrew LePage writes in the company's Insights blog that September home sales ..[read more]

Non-QM and Construction Products; Training and Events Nationwide and at Home
Tue, 13 Nov 2018 14:46:29 GMT

Posted To: Pipeline PressPeople vote with their feet. Some population movements are dramatic and garner headlines around the world, others not so much. “About 130,000 more residents left California for other states last year than came here from..[read more]

MBS Day Ahead: Bonds Begin Week With Some Optimism
Tue, 13 Nov 2018 14:23:52 GMT

Posted To: MBS CommentaryAs of last Thursday, it didn't look like traders were much interested in hearing arguments in favor of bonds. Then, an unexpectedly healthy little rally on Friday kept hope alive going into the 3-day weekend. Now this mor..[read more]

MBS RECAP: Bonds Overcome Producer Inflation But Not The Range
Fri, 09 Nov 2018 23:26:12 GMT

Posted To: MBS CommentaryInteresting day today... It began with a decent overnight rally, mostly led by European bond markets. The first big speed-bump came at 8:30am with the Producer Price Index coming in much hotter than expected. Normally, PPI is..[read more]

Mortgage Rates Steady Ahead of Holiday Weekend
Fri, 09 Nov 2018 22:45:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were mixed today, depending on the lender. Most lenders began the day in slightly worse shape compared to yesterday. Bond markets improved enough by mid-day that many lenders were able to offer positive re..[read more]

Delinquency Recovery Interrupted by Natural Disasters
Fri, 09 Nov 2018 15:27:07 GMT

Posted To: MND NewsWireThe ongoing improvement in mortgage performance hit a slight snag in the third quarter of 2018, one that appears to be disaster related. The Mortgage Bankers Association (MBA) said the National Delinquency Survey found the nati..[read more]

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