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Real Estate News
MBS RECAP: Tame, Abbreviated Trading Session Leaves Gains Largely Intact
Fri, 24 May 2019 21:53:09 GMT

Posted To: MBS CommentaryToday's headline could just as easily serve as the entire recap. By the time we get past the fact that Durable Goods came out much weaker than expected, there really weren't too many moving parts to today's tradin..[read more]

Rates Are Back to Lowest Levels in More Than a Year
Fri, 24 May 2019 18:52:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell again today as mortgage lenders got caught up with yesterday's market movements. Mortgage rates are based on bond market trading levels, but mortgage lenders only adjust rates once per day unless ther..[read more]

The Rental Inventory is Problematic Too
Fri, 24 May 2019 14:36:38 GMT

Posted To: MND NewsWireThere probably hasn't been a report on home sales or prices in the last four years that hasn't referred to the role of housing inventory in the depressed level of the former or the rapid acceleration of the latter. According to..[read more]

Digital, U/W, Recruiting Products; Workflow Automation Survey
Fri, 24 May 2019 13:03:04 GMT

Posted To: Pipeline PressThe Memorial Day weekend... Wasn’t it just Christmas? Let’s wrap up what’s on the front burner for execs at the MBA’s Secondary Conference as we see the trade-war driven low rates of 2019. Yes, MLO com..[read more]

MBS Day Ahead: Bonds Attempt to Hold Gains As Markets Close Early for Memorial Day Weekend
Fri, 24 May 2019 12:52:45 GMT

Posted To: MBS CommentaryIn the day just past, both stocks and bonds too part in a big risk-off trading pattern (stock prices and bond yields moving lower). Inspiration came from general trade war fallout, concerns over British political upheaval, an..[read more]

MBS RECAP: Bottom Falls Out For Both Stocks and Bonds
Thu, 23 May 2019 21:49:26 GMT

Posted To: MBS CommentaryBoth stock prices and bond yields moved sharply lower today for a combination of reasons. Trade tensions are ongoing, with visible effects being increasingly noted. British politics are also weighing on markets with Theresa M..[read more]

Mortgage Rates Drop Quickly as Market Panic Sets In
Thu, 23 May 2019 21:28:00 GMT

Posted To: Mortgage Rate WatchMortgage rates dropped quickly today as global financial markets underwent a volatile shift. When money is flowing out of stocks and into bonds (as it was today) rates move lower. There are several underlying reasons for..[read more]

New Home Sales End Three-Month Winning Streak, Still Up from 2018
Thu, 23 May 2019 14:46:08 GMT

Posted To: MND NewsWireAfter three straight months of gains, April's new home sales were expected to give back a little and they did. The U.S. Census Bureau said sales of newly constructed homes were at a seasonally adjusted annual rate of 673,000 un..[read more]

MBS Day Ahead: And Now We're Trendless
Thu, 23 May 2019 13:12:36 GMT

Posted To: MBS CommentaryIn the day just passed, bonds rallied somewhat sharply as headlines suggested Theresa May was soon to be ousted as Britain's prime minister. Is it possible that other headlines regarding American politics were having an e..[read more]

Construction, Subservicer, Reverse Products; Technology Options Report
Thu, 23 May 2019 13:09:16 GMT

Posted To: Pipeline PressAs millions around the globe revel in World Turtle Day, others are more interested about what went on the hallway chatter at the MBA’s Secondary Conference as we see the low rates of 2019. How a few of the big banks (We..[read more]

UI Urges CFPB, Don't Limit Access to Loan Information
Thu, 23 May 2019 12:16:36 GMT

Posted To: MND NewsWireThe Urban Institute (UI) is urging the Consumer Financial Protection Bureau (CFPB) to rethink its plans for Home Mortgage Disclosure Act (HMDA) reporting. The HMDA, passed in 1975, requires many financial institutions to mainta..[read more]

Calabria Says Let Fannie/Freddie Make More Profit
Thu, 23 May 2019 12:11:32 GMT

Posted To: MND NewsWireIf you stuffed the old certificates in your sock drawer ten years ago, it may be time to dig them out. Mark Calabria, the new director of the Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac common stock mi..[read more]

MBS RECAP: Brexit Bond Benefits Are Apparently Eternal
Wed, 22 May 2019 21:11:40 GMT

Posted To: MBS CommentaryLast we checked, it was going to be October before Brexit had its next hard deadline. So it was quite the back burner sort of market mover this week--especially in light of all the recent trade-related drama and other domesti..[read more]

Mortgage Rates Catch a Break
Wed, 22 May 2019 20:53:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher at a pace that was probably quicker than the average homebuyer would like yesterday . That was part of a 4 day move leading back up from the lowest levels in more than a year (or close to them..[read more]

MBS Day Ahead: Bonds Waving Long Goodbye to Trend, Hoping For Friendly Fed
Wed, 22 May 2019 13:18:47 GMT

Posted To: MBS CommentaryIn the day just past, bonds continued moving higher in yield, adding distance between themselves and the unexpectedly low levels seen during the trade war rally. Actually, I'll stop myself there because if I were to read ..[read more]

LO, AE Jobs; Broker and Warehouse Products; Conventional Conforming News
Wed, 22 May 2019 12:18:42 GMT

Posted To: Pipeline PressWhat’s going on behind the scenes and in the rumor mill at the MBA’s Secondary Conference? There is derision about HUD’s Ben Carson not knowing what There is derision about HUD’s Ben Carson not knowing..[read more]

GDP Growth Called "Transitory" While Low Inflation Appears Permanent
Wed, 22 May 2019 12:11:53 GMT

Posted To: MND NewsWireWhile calling the recent report on real gross domestic product (GDP) the strongest first quarter in four years, Fannie Mae's Economic and Strategic Research (ESR) group agreed with Freddie Mac's economist that the 3.2 percent r..[read more]

Is the Trade Dispute Dampening Home Purchase Activity?
Wed, 22 May 2019 12:04:07 GMT

Posted To: MND NewsWireRefinancing rose to the surface yet again, driving the gain in mortgage applications during the week ended May 17. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, increas..[read more]

MBS RECAP: Bonds Make Good on Threats of Weakness
Tue, 21 May 2019 21:11:02 GMT

Posted To: MBS CommentaryBonds have been threatening to end their pleasantly surprising stint of gains over the past few weeks on each of the past 4 business days. Yesterday's weakness was technically enough to start packing up the party supplies..[read more]

Mortgage Rates Bounce Back
Tue, 21 May 2019 20:50:00 GMT

Posted To: Mortgage Rate WatchMortgage rates had a fairly decent day yesterday as far as most lenders are concerned. A few lenders saw fit to bump rates up in the afternoon following a day of weakness in the bond market (which directly affects the ra..[read more]

Home Sales Stall; Sellers Need to be Realistic
Tue, 21 May 2019 20:48:31 GMT

Posted To: MND NewsWireThis one might smart a bit. There were big hopes for home sales in April, with interest rates continuing at unexpectedly low levels, unemployment at a 50-year low, and the spring market supposedly in full swing. Analysts polled..[read more]

Fueled by Low Rates, Prepayment Rate Continues to Rise
Tue, 21 May 2019 14:46:04 GMT

Posted To: MND NewsWireWith interest rates remaining at 2019 lows and spring market home sales kicking in, the rate of prepayments continues to rise. Black Knight, in its "first look" at April mortgage performance data, says the rate is up 17.54 perc..[read more]

Budgeting, Comp Products; Sales, Government Investigation Webinars
Tue, 21 May 2019 13:33:11 GMT

Posted To: Pipeline PressWhat’s the banter, and in the unverified rumor mill, at the MBA’s Secondary Conference? Fannie, Freddie, and FHA are all concerned about being adversely selected against by lenders, and F&F are rumored to be endin..[read more]

MBS Day Ahead: Without Help, Bonds Face Uphill Battle
Tue, 21 May 2019 13:31:54 GMT

Posted To: MBS CommentaryIn the day just past, bonds weakened moderately amid the lightest volume in more than 3 weeks and a relative absence of market moving data/events. The losses are somewhat logical in the sense that momentum measurements have i..[read more]

MBS RECAP: Bonds Skittish After Stocks Find Bottom
Mon, 20 May 2019 22:25:25 GMT

Posted To: MBS CommentaryBoth stocks and bonds have been edging back into less panicked territory after trade war drama fizzled out last week. In other words, stock prices and bond yields were moving higher together. To be fair, bonds got one last ra..[read more]

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