Real Estate News
MBS RECAP: Traders Move to Sidelines Ahead of Fed Announcement
Fri, 17 Sep 2021 20:33:37 GMT

Posted To: MBS CommentaryTraders Move to Sidelines Ahead of Fed Announcement September's big Fed announcement doesn't hit until next Wednesday, but it's not too early for markets to freak out about it a little bit. The fear is expressed i..[read more]

Rates at 2-Month Highs Ahead of Fed Week
Fri, 17 Sep 2021 20:27:00 GMT

Posted To: Mortgage Rate WatchMortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week's Fed announcement. In other words, investors sold bonds (among other things) and in the bond..[read more]

New Forbearance Plans and Reentries Rise
Fri, 17 Sep 2021 17:24:48 GMT

Posted To: MND NewsWireBlack Knight says that the number of active forbearance plans continued to fall over the last week, but also noted an uptick in both new plans and reentries to the program , primarily among VA and FHA loans. The number of activ..[read more]

Flipping Transactions Increase, Profits Do Not
Fri, 17 Sep 2021 17:19:29 GMT

Posted To: MND NewsWireThe number of homes flipped by investors grew by 3.5 percent in the second quarter of the year. It was the first increase in more than a year. ATTOM says its second quarter U.S. Home Flipping Report shows that 79,733 single-fam..[read more]

Fed Ethics Rules Get High-Powered Review
Fri, 17 Sep 2021 15:21:02 GMT

Posted To: MND NewsWireAnother powerful group of federal officials are in the hotseat after details of their personal finances were revealed. While there are no accusations of wrong-doing (unlike the case of several senators who faced ethics reviews ..[read more]

MLO, Dir. of Sales, Controller Jobs; HELOC, DPA, Blockchain, CRM, Sales Tools; FHA and VA News; PSPA Thoughts
Fri, 17 Sep 2021 15:19:47 GMT

Posted To: Pipeline PressSome things stick with you , some don’t. Many of the topics covered here in Atlanta’s NAMMBA Connect 2021 will stick with folks since they mirror what various companies have their eye on. Social media best practic..[read more]

MBS Day Ahead: Bonds Testing Weakest Levels in 2 Months
Fri, 17 Sep 2021 14:07:40 GMT

Posted To: MBS CommentaryThe headline is a bit dramatic, but not untrue. 10yr yields were as high as 1.351 yesterday--just a moderate day of weakness away from the 2-month high of 1.385 seen at the start of last week. Before that, there were two othe..[read more]

Highest Rates in a Week After Surprisingly Strong Economic Reports
Thu, 16 Sep 2021 20:20:21 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher again today, bringing the average lender to the worst levels since last Thursday. There are a few exceptions to that due to recent regulatory changes. Specifically, many lenders made improveme..[read more]

MBS RECAP: Uneventful Afternoon After Strong Data Sends Yields Higher
Thu, 16 Sep 2021 19:54:54 GMT

Posted To: MBS CommentaryUneventful Afternoon After Strong Data Sends Yields Higher Today's key development was the duo of much stronger economic reports at 8:30am (Philly Fed and Retail Sales). Indeed, this accounted for the only interesting mom..[read more]

Refis and Purchasing Split Originations in July
Thu, 16 Sep 2021 15:02:48 GMT

Posted To: MND NewsWireRefinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancin..[read more]

AE Jobs; Lock Desk, VOE, Sales, Reporting Tools; More Conf. Conv. Changes; Remote Events Today
Thu, 16 Sep 2021 15:01:34 GMT

Posted To: Pipeline PressI’m getting old. I can remember the lyrics from a Steppenwolf song that I haven’t heard in 20 years but I don’t remember what I had for lunch yesterday. I do know, however, that today is a trip to Atlanta fo..[read more]

MBS Day Ahead: Starting on The Back Foot After Stronger Retail Sales
Thu, 16 Sep 2021 13:08:56 GMT

Posted To: MBS CommentaryBonds are starting the day on the back foot as Retail Sales rose 0.7% despite a median forecast of -0.8. The Philly Fed numbers also surged past 18.8 forecasts to the tune of 30.7--decisive victories for economic data on both..[read more]

Mortgage Rates Start Stronger But Moved Higher During The Day
Wed, 15 Sep 2021 20:28:00 GMT

Posted To: Mortgage Rate WatchMortgage rates began the day with promise. Actually, it was the underlying bond market (which largely dictates mortgage rates) was sending promising signals by apparently building on the bigger improvements seen on Tuesd..[read more]

MBS RECAP: Sideways Vibes Won't Give Up Just Yet
Wed, 15 Sep 2021 20:08:00 GMT

Posted To: MBS CommentarySideways Vibes Won't Give Up Just Yet Bonds made a move yesterday with yields breaking below the lower boundary of the prevailing consolidation range. This type of breakout is a positive sign, generally, but it requires c..[read more]

Foreclosure Rate Lowest in Over Two Decades
Wed, 15 Sep 2021 14:51:31 GMT

Posted To: MND NewsWireToday there are 400,000 homeowners in their final month of forbearance and another 1.2 million still in the program as it winds down, thus, it is probably way too early to conclude that the nation has a ducked a pandemic forecl..[read more]

AE, MLO Jobs; Jumbo, Non-QM, Retention, LOS Products; FHFA's Welcomed Policy Pause on Restrictions
Wed, 15 Sep 2021 14:25:50 GMT

Posted To: Pipeline PressHow ‘bout some random Q&A for Hump Day? Did you know that almost 2,400 of your co-workers are already registered for the National MBA conference next month in San Diego? A company is working to bring back the wooly mamm..[read more]

FHFA Suspends Second Home, Investment Loan Limits
Wed, 15 Sep 2021 14:19:13 GMT

Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury announced late Tuesday that they were suspending some of the provisions that had been added to the Preferred Stock Purchase Agreements (PSPAs) on..[read more]

Purchase Applications Spring Back to April Level
Wed, 15 Sep 2021 14:17:31 GMT

Posted To: MND NewsWireThe traditional end of summer was accompanied by a tiny boost in the volume of mortgage applications. The Mortgage Bankers Association said its seasonally adjusted Market Composite Index, a measure of mortgage loan application ..[read more]

MBS Day Ahead: Bonds Trying to Confirm Range Breakout
Wed, 15 Sep 2021 13:57:40 GMT

Posted To: MBS CommentaryYesterday's most notable accomplishment for the bond market was the breakout of the prevailing consolidation range (aka "pennant," to use a technical term). We might have hesitated to read anything into this had it not be..[read more]

2021's Big Bad Mortgage Fee Hikes Have Been Removed! (Sort Of...)
Tue, 14 Sep 2021 23:04:24 GMT

Posted To: MBS CommentaryEarlier this year, the FHFA and Treasury amended Treasury's preferred stock repurchase agreements (PSPAs) to put limits on Fannie Mae and Freddie Mac (collectively, the GSEs). These limits resulted in widespread fee incre..[read more]

MBS RECAP: Bonds Rally After CPI Gives Fed The Week Off
Tue, 14 Sep 2021 20:13:01 GMT

Posted To: MBS CommentaryBonds Rally After CPI Gives Fed The Week Off Today's Consumer Price Index (CPI) was one of the only big ticket economic reports left before next week's Fed announcement, and perhaps the only one that could have meanin..[read more]

Mortgage Rates Falling Back in Line With Best Recent Levels
Tue, 14 Sep 2021 19:17:00 GMT

Posted To: Mortgage Rate WatchMortgage rates started the day modestly lower , but many lenders ended up offering mid-day improvements in response to market conditions. When it comes to rates, the bond market sets the tone. Bonds can move for a variet..[read more]

AE, MLO, Client Service Jobs; MSR, Automation, App Integration, Warehouse, TPO Products; Forbearance Numbers Drop Again
Tue, 14 Sep 2021 14:41:34 GMT

Posted To: Pipeline PressWhen Miley Cyrus licks a hammer and dances around naked, it’s considered “art.” When I tried it, I got kicked out of Home Depot. Go figure. How is your company figuring it will react to the rumblings that mo..[read more]

MBS Day Ahead: Tamer Inflation Makes Next Week's Fed Less Scary
Tue, 14 Sep 2021 13:34:21 GMT

Posted To: MBS CommentaryToday's Consumer Price Index (CPI) was one of the only big ticket economic reports left before next week's Fed announcement, and perhaps the only one that could have meaningfully impacted the Fed's decision-making..[read more]

MBS RECAP: Quiet Summertime Monday Leaves Bonds Slightly Stronger
Mon, 13 Sep 2021 20:20:46 GMT

Posted To: MBS CommentaryQuiet Summertime Monday Leaves Bonds Slightly Stronger Treasuries have experienced more of the volatility in the bond market than MBS recently. That makes sense given last week's auction cycle and the ongoing glut of corp..[read more]

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