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MBS RECAP: Bond Traders Have Had Enough
Sat, 16 Dec 2017 00:32:24 GMT

Posted To: MBS CommentaryBond traders are increasingly saying "enough already! " when it comes to reacting to every little push and pull in the tug-o-war over the tax bill. After headlines suggested Rubio may be pulling his "yes" vote yesterday, toda..[read more]

Mortgage Rates Hold Recent Lows
Fri, 15 Dec 2017 20:34:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The paradoxical strength is likely due to the fact that bonds improved faster yesterday without mortgage le..[read more]

Freddie and Fannie May Get Another Jumpstart
Fri, 15 Dec 2017 16:22:32 GMT

Posted To: MND NewsWireThere has been a flurry of news about the two GSEs, Fannie Mae and Freddie Mac, in the last few weeks. The House Financial Services Committee recently advanced H.R. 4560, the GSE Jumpstart Reauthorization Act of 2017 to the ful..[read more]

THL Invests in G-Rate; Fair Lending and HMDA News
Fri, 15 Dec 2017 14:20:34 GMT

Posted To: Pipeline PressOriginators, who work with plenty of renters who want to be owners, should know that the Harvard Joint Center tells us that, “We’re finally seeing the record growth in renters slow down, but while the market has r..[read more]

MBS Day Ahead: Is There a Common Theme For Bonds at Year-End?
Fri, 15 Dec 2017 14:15:40 GMT

Posted To: MBS CommentaryFrom time to time, a discussion will start up among MBS Live community members regarding certain habits for certain months of the year. Some popular observations have been "bonds always sell-off in October" and "there's a..[read more]

MBS RECAP: Stocks Lose, Rates Recover on Tax Bill Fears
Thu, 14 Dec 2017 21:55:47 GMT

Posted To: MBS CommentaryBonds began the day in weaker territory partly due to a correction from yesterday's strong run in the afternoon, and partly due to stronger economic data in Europe. Domestic economic data was stronger too, with Retail Sal..[read more]

Mortgage Rates Hold On to Lower Levels After Tax Bill Doubts
Thu, 14 Dec 2017 20:51:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held on to yesterday's gains in most cases. Some lenders were even in slightly better shape today, but not enough to have an effect on anything beyond the upfront costs associated with any given rate quote..[read more]

Automated Appraisals Don't Paint the Whole Picture
Thu, 14 Dec 2017 16:17:53 GMT

Posted To: MND NewsWireThe use of Automated Valuation Models (AVM) is expected to expand following the announced plans of the Fannie Mae and Freddie Mac to waive the requirement for a professional appraisal on qualified purchase loans where the loan-..[read more]

Downpayments at Record Highs as Home Prices Rise
Thu, 14 Dec 2017 14:23:02 GMT

Posted To: MND NewsWireHomebuyers ponied up the highest downpayments on record to purchase homes in the third quarter of 2017. ATTOM Data Solutions' (formerly RealtyTrac) Residential Property Loan Origination Report says that the median down payment ..[read more]

Tax News; State-Level Changes; Jumbo/Non-Conforming Updates; Dot Plot Primer
Thu, 14 Dec 2017 14:15:31 GMT

Posted To: Pipeline PressThere’s a lot of airport travel coming up. It is best to stay cool, calm, and collected . Unfortunately, something else that is cool, and calm, is the entry level market for homes. Thousands of housing stats are spit ou..[read more]

MBS Day Ahead: Big Directional Moves All About Keeping Things SIdeways
Thu, 14 Dec 2017 13:29:51 GMT

Posted To: MBS CommentaryVolume swelled during the first 3 days of the week, culminating in yesterday's CPI/Fed combo and a fairly large move lower in rates. That's what we can observe about the short -term. If we're looking at longer -te..[read more]

MBS RECAP: Bonds Cheer Weak Inflation Data and Fed Forecasts
Wed, 13 Dec 2017 22:59:57 GMT

Posted To: MBS CommentaryHeading into the day, we knew we were looking at 2 key market movers in the form of the CPI data and the afternoon's Fed festivities (which include an announcement, economic projections, and a Yellen press conference). Th..[read more]

Mortgage Rates Quickly Lower After Inflation Data and Fed
Wed, 13 Dec 2017 21:57:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell fairly quickly this afternoon following the Federal Reserves updated economic projections. While it is indeed true that the Fed "raised rates" this afternoon, there are two reasons that doesn't matter..[read more]

Differences Between Previous and Current FOMC Statements
Wed, 13 Dec 2017 19:02:24 GMT

Posted To: MBS CommentaryInformation received since the Federal Open Market Committee met in SeptemberNovember indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate despiterate. Averagi..[read more]

Realtors Raise Last-Minute Red Flags Over Tax Bill
Wed, 13 Dec 2017 18:04:02 GMT

Posted To: MND NewsWireRealtors are expressing concern over three measures that exist in either the House or the Senate versions of the Republican tax cut bill and have sent a letter to Orrin Hatch (R-UT) and Kevin Brady (R-TX), chairs of the Senate ..[read more]

Fannie and Freddie Will Wait Until Jan 2nd to Evict You
Wed, 13 Dec 2017 14:49:33 GMT

Posted To: MND NewsWireBoth Freddie Mac and Fannie Mae announced this week that evictions from foreclosed single-family and two-to-four-unit properties owned by the GSEs will be suspended during the holiday season. The moratorium will begin on Decemb..[read more]

Lender/Appraiser Product; Investor Disaster Updates; Movement's Penalty
Wed, 13 Dec 2017 14:16:22 GMT

Posted To: Pipeline PressWord on the street has House and Senate negotiators agreeing to scale back the mortgage interest deduction in the latest version of the GOP tax bill. The move means homeowners will now be able to deduct interest on the first ..[read more]

For Purchase Applications, This December is Better Than The Last
Wed, 13 Dec 2017 13:30:00 GMT

Posted To: MND NewsWireApplications for mortgages, both for home purchases and refinancing, declined during the week ended December 8. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of loan application volume, was d..[read more]

MBS Day Ahead: Bonds Navigate Dual Landmines in CPI and Fed Dots
Wed, 13 Dec 2017 13:26:52 GMT

Posted To: MBS CommentaryToday brings 2 key developments in the form of the 8:30am CPI data and the afternoon's Fed announcement. CPI--the Consumer Price Index--was one of the top inflation metrics in terms of market movement. Like other inflatio..[read more]

MBS RECAP: Key Technical Ceiling Holds Firm After Auction
Tue, 12 Dec 2017 21:59:32 GMT

Posted To: MBS CommentaryIt was a pretty straightforward day for bond markets, which CONTINUE to operate in an exceptionally narrow, sideways range. That's been the case for close to 3 months now. As such, with yields approaching the ceiling toda..[read more]

Mortgage Rates Slightly Higher Ahead of Fed
Tue, 12 Dec 2017 21:30:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved modestly higher for the 4th straight business day today. Last Wednesday saw the best levels in a month with some lenders in the best shape since early September. The recent move higher brings rates b..[read more]

MBA Sees Sales Falling in Nov Despite Longer-Term Strength
Tue, 12 Dec 2017 15:59:03 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) projects a decrease in new home sales in November compared to the previous month, but still sees those sales running well ahead of last year . MBA's Builder Applications Survey (BAS), cond..[read more]

Increased Delinquency Not a Sign of Distress - Hurricanes to Blame
Tue, 12 Dec 2017 14:58:20 GMT

Posted To: MND NewsWireLoans performed well in September , continuing to erase most of the last vestiges of the market's Great Recession distress. The CoreLogic Performance Insights Report for the month says the national delinquency rate is now 5.0 p..[read more]

Upcoming Events; Mortgage and Bank Announcements; MBS Issuance Rankings
Tue, 12 Dec 2017 14:16:58 GMT

Posted To: Pipeline PressToday I find myself in Florida spending time with American Bancshares. Did you know the area code for Cape Canaveral is 321…as in a countdown? 2017 is counting down. No one has a crystal ball, but the MBA thinks that r..[read more]

MBS Day Ahead: Focus Remains on Tomorrow
Tue, 12 Dec 2017 13:37:19 GMT

Posted To: MBS CommentaryI wish I could tell you that today was destined to be an exciting opportunity for bonds to embark on some sort of epic journey (or at least to definitively break outside the range that's been containing all movement for m..[read more]

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