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MBS RECAP: Bonds Battle Back After Slightly Weaker Start

Mon, 01 Nov 2021 20:02:22 GMT

Posted To: MBS CommentaryBonds Battle Back After Slightly Weaker Start There are bigger-picture, thematic trends in the bond market and then there are incidental, day-to-day movements that simply pass the time. Monday was a prime example of the latte..[read more]

Mortgage Rates Catch Up To Last Week’s Market Movement (That’s a Good Thing)

Mon, 01 Nov 2021 20:02:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved moderately lower today despite an absence of significant movement in the bond market. In general, when bonds improve, rates fall (and vice versa), but it’s not feasible for mortgage lenders to adjust..[read more]

Fannie/Freddie Report Lower Quarterly Revenues, Profits

Mon, 01 Nov 2021 17:18:50 GMT

Posted To: MND NewsWireFannie Mae and Freddie Mac (the GSEs) reported their respective third quarter 2021 financial results on Friday. Both posted significant increases in net income from the same period in 2020 but results for each were lower than r..[read more]

Black Knight Sees Remaining Potential, Upcoming Shift in Refis

Mon, 01 Nov 2021 16:01:41 GMT

Posted To: MND NewsWireBlack Knight says that, amid all of the aid and stimulus provided to keep the economy rolling along during the pandemic, one aspect that doesn’t get a lot of attention is refinancing . Black Knight points out in its current Mor..[read more]

Processing, HELOC, MSR Products; Extensive Range of Training and Events for November

Mon, 01 Nov 2021 15:14:52 GMT

Posted To: Pipeline PressNovember already? A feast for giving thanks for the harvest began in 1621, and was celebrated intermittently by various colonies/states for the next 240 years. The first national Thanksgiving Day did not mention the Pilgrims ..[read more]

MBS Morning: Taper Time is Here, But It’s Not The Only Market Mover

Mon, 01 Nov 2021 13:13:18 GMT

Posted To: MBS CommentaryAny rate watcher who lived through 2013 has not-so-fond memories of the taper tantrum. (For those of you who weren’t tuned in, that refers to the incredibly rapid rate spike that followed the Fed’s warning that they w..[read more]

Don’t Fear The Taper

Fri, 29 Oct 2021 21:53:00 GMT

Posted To: Mortgage Rate WatchFor anyone following interest rates very closely in 2013, the taper tantrum is not easily forgotten. It describes the bond market’s knee-jerk response to the realization that the Federal Reserve would be winding down its..[read more]

MBS RECAP: Nice Recovery as Month-End Trades Roll In

Fri, 29 Oct 2021 18:53:56 GMT

Posted To: MBS CommentaryNice Recovery as Month-End Trades Roll In Month-end trading isn’t always helpful for bonds. Indeed, that’s why our knowledge base entry on the topic is titled “month-end positioning.” There was plenty of positioning a..[read more]

Millennial Homebuying Share Correlates with High-Tech Job Opportunities

Fri, 29 Oct 2021 15:39:25 GMT

Posted To: MND NewsWireThe Millennial Generation, adults born between 1981 and 1996, were late bloomers when it came to buying a home. They came of age just in time to be clobbered by the Great Recession, have been burdened by high levels of student ..[read more]

Mortgage Fraud on the Rise, Purchase Applications Vulnerable

Fri, 29 Oct 2021 15:33:27 GMT

Posted To: MND NewsWireThere was a big jump in the incidence of mortgage fraud over the course of the last year. CoreLogic’s annual report for the second quarter of 2021 reports that one in 120 mortgage applications (0.83 percent) submitted during th..[read more]

Digital, Sales, Non-QM Webinars; Rohit and the CFPB on the Move; Big-Name Mortgage Earnings

Fri, 29 Oct 2021 15:27:59 GMT

Posted To: Pipeline PressI got some exciting news yesterday: Snickers are gluten free! Actually I don’t care (the more gluten the better… does the government allow us trick or treating?) but figured I’d pass that along as it is muc..[read more]

MBS Morning: Here’s What’s Up With AM Bond Market Weakness

Fri, 29 Oct 2021 13:56:40 GMT

Posted To: MBS CommentaryIt’s an interesting morning in the bond market–at least for those of us who are interesting both in general rate momentum and nitty gritty MBS movement. The general momentum is fairly boring. 10yr yields, for instance, a..[read more]

Mortgage Rate Mini-Winning Streak Comes to an End

Thu, 28 Oct 2021 20:45:00 GMT

Posted To: Mortgage Rate WatchMortgage rates finally ended this week’s winning streak today. In light of the general upward trend in rates over the past month, bond yields (which tend to correlate with mortgage rate movement) made it to surprisingly ..[read more]

MBS RECAP: Rally Week Finds Its Limit After ECB And Auction

Thu, 28 Oct 2021 20:30:17 GMT

Posted To: MBS CommentaryRally Week Finds Its Limit After ECB And Auction Bonds were having a great week by the end of the day on Wednesday. Yields had broken the lower boundary of an upwardly-sloped channel that had been intact for more than a month..[read more]

Was August the Turning Point for Home Prices?

Thu, 28 Oct 2021 15:17:04 GMT

Posted To: MND NewsWireThere were further indications in August that home price gains are beginning to slow. The appreciation rate of the Federal Housing Finance Agency’s (FHFA’s) House Price Survey (HPI) retreated slightly on both a monthly and an a..[read more]

September Pending Home Sales Decline 2.3%

Thu, 28 Oct 2021 15:04:12 GMT

Posted To: MND NewsWireThe 8.1 percent increase in pending home sales in August, the first gain in three months, didn’t start a trend. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) for September slipped 2.3 ..[read more]

Capital Markets, Compliance, Homebuyer, Pre-approval Products; Fair Lending and Compliance are in Vogue

Thu, 28 Oct 2021 14:59:55 GMT

Posted To: Pipeline PressI have to go to Target later today to buy Halloween candy because I went to Target last week and bought Halloween candy. Get it? Here’s another question: In the U.S., what’s the difference between being unemployed and w..[read more]

MBS Morning: GDP Whispers Were Wrong, But Bonds Still Don’t Care

Thu, 28 Oct 2021 14:54:06 GMT

Posted To: MBS CommentaryFrom armchair economists to respected bond market analysts, there was a lot of “chatter” about the potential for today’s GDP reading to come in much lower than forecast. Many of those arguments relied on things like the A..[read more]

Mortgage Rates Fall Back to Lowest Levels in Nearly 2 Weeks

Wed, 27 Oct 2021 20:42:00 GMT

Posted To: Mortgage Rate WatchMortgage rates are in recovery mode so far this week. Today brought the best improvements so far with the average lender’s rates falling back to the lowest levels in nearly 2 weeks. As always, it’s important to remember ..[read more]

TPO Loan Products; MBS, Presentation, Jumbo, Business Plan Tools; Conforming Loan Amounts

Wed, 27 Oct 2021 14:58:20 GMT

Posted To: Pipeline PressWhile huge blocks of servicing are hitting the market, Cenlar has had better days than yesterday. (“We take seriously our regulatory obligations and we are working with the OCC to make any changes necessary to resolve t..[read more]

Refinance Volume at 21 Month Low

Wed, 27 Oct 2021 14:53:49 GMT

Posted To: MND NewsWireApplications for purchase mortgages recovered from a 5 percent drop the prior week to drive a small increase in overall volume during the week ended October 22. The Mortgage Bankers Association (MBA) said its Market Composite I..[read more]

MBS Morning: The Case For Consolidation Improves

Wed, 27 Oct 2021 13:06:19 GMT

Posted To: MBS CommentaryBonds managed to make positive headway for a third straight trading day on Tuesday, but the gains weren’t enough to break yields below the prevailing uptrend. That may be changing today, and that’s the sign we need th..[read more]

MBS RECAP: Another Green Day, But Can We Trust It?

Tue, 26 Oct 2021 20:08:03 GMT

Posted To: MBS CommentaryAnother Green Day, But Can We Trust It? Bonds were briefly weaker mid-morning, but rallied back to close at slightly stronger levels. We’ve been defensive about the upward trend in rates for more than a month now and gene..[read more]

Mortgage Rates Continue Gradual Recovery

Tue, 26 Oct 2021 20:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates hit 6 month highs by the end of last week, but they’ve been cautiously recovering since then. The rebound traces a similar pattern in the bond market, as is typically the case considering lenders rely on b..[read more]

Refinancing Still Driving Freddie Mac Mortgage Volume

Tue, 26 Oct 2021 14:49:27 GMT

Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.4 percent in September compared to a 23.7 percent gain in August. The portfolio balance at the end of the period was $3.137 ..[read more]

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