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Real Estate News
Housing Construction Down But Not Out
Wed, 17 Oct 2018 14:05:53 GMT

Posted To: MND NewsWireAll three reports on residential construction activity in September were disappointing, but no more so than any of the other housing data that speaks to the ongoing process of leveling-off. While there had been some erosion exp..[read more]

MBS Day Ahead: Fed Minutes Approach; and a Musical Guest!
Wed, 17 Oct 2018 13:57:38 GMT

Posted To: MBS CommentaryThere are only so many ways to say that bonds are range-bound and waiting for the motivation to break that range. Could it be the Fed Minutes today? Sure! But could the Fed Minutes also be a non-event that only prolongs the s..[read more]

Self-Employed UW Products; Appraisal and Valuation Updates
Wed, 17 Oct 2018 12:46:11 GMT

Posted To: Pipeline PressAs thousands of MBA conference attendees head for the DC airports, what’s the chatter? Regulators who want to remind lenders that not being able to afford a compliance department doesn’t allow a company to make RE..[read more]

MBA Forecast: Purchase Originations to Remain Healthy as Fed Hikes Rates
Wed, 17 Oct 2018 12:25:00 GMT

Posted To: MND NewsWirePurchase mortgage originations are expected to increase a bit in 2019, but not by enough to offset the continuing decline in refinancing. A forecast from the Mortgage Bankers Association (MBA), released Tuesday at its 2018 Annu..[read more]

Mortgage Apps Take a Nosedive, Rates on the Rise
Wed, 17 Oct 2018 12:14:53 GMT

Posted To: MND NewsWireMortgage applications were down last week by the largest seasonally adjusted percentage since September 2017 . The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, dropped by ..[read more]

MBS RECAP: Uneventful Day For Bonds; Fed Minutes Tomorrow
Tue, 16 Oct 2018 20:30:29 GMT

Posted To: MBS CommentaryThe S&P recovered roughly half of its losses from last week today, decisively breaking out of the consolidation pattern that had been in place through this morning. Bonds, on the other hand, are still in the consolidation pat..[read more]

Mortgage Rates Modestly Higher Ahead of Fed Minutes
Tue, 16 Oct 2018 20:11:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today. Some lenders were perfectly unchanged, but the average lender was just slightly higher. That's at odds with underlying bond market movement (which directly impacts rates)--at least ..[read more]

Home Price Reductions Are Increasing, Especially at High End
Tue, 16 Oct 2018 14:59:46 GMT

Posted To: MND NewsWireRecent research from Trulia shows home price reductions are increasing . The share of homes for sale that have had at least one price cut since being listed is the highest since 2014. This, the company says, is more evidence th..[read more]

Falling Lumber Costs Push Builder Confidence Higher
Tue, 16 Oct 2018 14:54:38 GMT

Posted To: MND NewsWireBuilder confidence ticked up 1 point in October, rising to 68. The National Association of Home Builders (NAHB), which produces the NAHB/Wells Fargo Housing Market Index (HMI) says this measure of confidence levels has held in ..[read more]

FinTech Updates; Agency Deals; Off The Beaten Path at MBA Conference
Tue, 16 Oct 2018 14:29:09 GMT

Posted To: Pipeline PressWhat’s not being covered by the mainstream press here at the MBA conference? How about, given the rough financial conditions, monthly (and not quarterly) financials being requested by warehouse & correspondents? How abo..[read more]

MBS Day Ahead: What Are We Waiting For?
Tue, 16 Oct 2018 12:40:45 GMT

Posted To: MBS CommentaryWaiting... That's all anyone has been doing since last Thursday in financial markets. One day prior, stocks jumped off a cliff and bond yields raced to the edge of the same cliff and peered over the side. It's like on..[read more]

MBS RECAP: Bonds Mostly Ignore Retails Sales Data
Mon, 15 Oct 2018 21:32:25 GMT

Posted To: MBS CommentaryThis morning's Retail Sales report was arguably the biggest-ticket of the week in terms of economic data. It speaks to the ongoing level of uncertainty that we saw almost no reaction despite a headline of +0.1 vs median f..[read more]

New MBA President Puts Regulatory Reform at Top of Wish List
Mon, 15 Oct 2018 21:13:20 GMT

Posted To: MND NewsWireMBA President and CEO Bob Broeksmit, the Mortgage Bankers Association's (MBA's) newly installed president and CEO, delivered his inaugural speech to MBA's annual convention on Monday, and he appears, at least from his prepared ..[read more]

Mortgage Rates Stay Steady, Waiting For a Sign
Mon, 15 Oct 2018 20:43:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were sideways to slightly higher today, prolonging a 3-day trend of exceptionally light volatility. The 5 days before that (beginning on Wednesday, October 3rd) were completely different, with a huge move ..[read more]

Freddie Mac Announces More "Big Data" Tools
Mon, 15 Oct 2018 14:27:21 GMT

Posted To: MND NewsWireFreddie Mac is announcing a couple of enhancements to its Loan Advisor underwriting tool. The additional capabilities will allow lenders to automate the assessment of borrower income and assets to reduce documentation which the..[read more]

Digital Products, New Book for LO's; Big Bank Mortgage Earnings
Mon, 15 Oct 2018 13:08:30 GMT

Posted To: Pipeline PressWhat’s new here at the MBA’s conference in Washington DC? Plenty of secretive M&A closed-door meetings, continued talk that Ginnie is carefully eying non-bank approved Ginnie issuer’s financial situations, c..[read more]

MBS Week Ahead: Did Bonds Get a Pass From Stocks Last Week?
Mon, 15 Oct 2018 13:04:10 GMT

Posted To: MBS CommentaryBefore last week's stock rout, bonds were stuck in a rut. For four straight sessions, they hit the highest intraday yields since 2011. Even after the 3rd biggest stock sell-off since the financial crisis, Treasuries were ..[read more]

MBS RECAP: Uneventful Conclusion to a Crazy Week
Fri, 12 Oct 2018 23:07:16 GMT

Posted To: MBS CommentaryReferring to the week of bond trading as " crazy " is a bit of a stretch. If we bring stocks into the mix, or if we go back to last Wednesday, it's been a crazy 7 business days (bonds were closed on Monday). As you're..[read more]

Mortgage Rates Hold Steady as Stocks Stabilize
Fri, 12 Oct 2018 22:41:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held relatively steady today, finally leveling off after two solid days of improvement driven by the week's big stock market sell-off. Stocks and rates don't always move in the same direction at the same t..[read more]

"Debt-to-Income" Now Biggest Player in Mortgage Denials
Fri, 12 Oct 2018 15:35:00 GMT

Posted To: MND NewsWireMortgage denial rates ebb and flow with the economy, with lenders appetite for risk, and sometimes with the pressure lenders feel to make loans. Denial rates in 2017 continued to diminish as they have done since the economy beg..[read more]

MBS Day Ahead: Another Day of Stock Watching; Don't Expect Miracles
Fri, 12 Oct 2018 13:59:26 GMT

Posted To: MBS CommentaryIs there potential for today to turn into a "black Friday" with catastrophic stock losses that usher in the most amazing bond rally we've seen in years? Sure... that could happen any time, really, depending on the underly..[read more]

Acquisition/lease Program; Slicing and Dicing Wells' Deal
Fri, 12 Oct 2018 13:10:35 GMT

Posted To: Pipeline Press“Rob, are you hearing about investors taking more of a hard line on every issue right now? In recent years they would give an extra day, or waive something, but they are not doing this right now.” Yes, I am hearin..[read more]

Furry, Fuzzy, Scaly, Motivation
Fri, 12 Oct 2018 12:48:18 GMT

Posted To: MND NewsWireWant to get that reluctant customer who has been "about to" buy a home for months a little push? If an analysis by the Urban Institute (UI) as reported in Freddie Mac's Homeownership blog is on target, your best marketing tool ..[read more]

New Home Sales Dip, Still Stronger than Last Year
Fri, 12 Oct 2018 12:26:48 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) reports a drop in applications for the purchase of newly constructed homes last month. Those applications fell by 3.9 percent compared to August although they remained 8.2 percent higher t..[read more]

MBS RECAP: Once More With (Slightly Less) Feeling
Thu, 11 Oct 2018 22:16:47 GMT

Posted To: MBS CommentaryBonds rallied today, eventually. Most of the session was fairly flat with the afternoon bringing most of the rally thanks to another sell-off in stocks. This time, the stock losses were more measured, but only relative to day..[read more]

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