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News
MBS RECAP: Deceptively Relevant Econ Data But Range Prevails
Fri, 15 Feb 2019 20:43:04 GMT

Posted To: MBS CommentarySince Retail Sales rocked markets yesterday, perhaps bonds would be interested in responding to economic data again today? This question seemed to have been answered when bonds apparently jumped following this morning's 8..[read more]

"Homeowners are in Great Shape," Delinquencies Improve Across the Board
Fri, 15 Feb 2019 20:13:11 GMT

Posted To: MND NewsWireMortgage loan delinquencies were down from the third quarter of 2018 in the fourth quarter. The Mortgage Bankers Association (MBA) said the improvements held across all loan types and all stages of delinquency although there wa..[read more]

Mortgage Rates in a Holding Pattern
Fri, 15 Feb 2019 20:01:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were slightly higher today, marking the 6th day in a row where they've reversed course versus the previous day. This is the sort of behavior we see when underlying financial markets are having a hard time ..[read more]

MBS Day Ahead: Range Trade Likely to Dominate Heading Into Holiday Weekend
Fri, 15 Feb 2019 14:53:39 GMT

Posted To: MBS CommentaryRates were at long term highs in early November 2019. Several global economic risks were beginning to swirl at the same time. These included a slowdown in German GDP, the weakest Chinese retail sales in 15 years, Italian budg..[read more]

GSEs Continue Financial Winning Streaks
Fri, 15 Feb 2019 14:42:27 GMT

Posted To: MND NewsWireFreddie Mac and Fannie Mae (the GSEs) reported solid financial results for both the fourth quarter and the entirety of the 2018 fiscal year on Thursday. The annual income was higher for both GSEs , although each posted a decrea..[read more]

Sales Jobs; Construction, Marketing Products; Impressive Agency Earnings
Fri, 15 Feb 2019 14:04:20 GMT

Posted To: Pipeline PressHuh? Radian was recently in takeover talks ? I only know what I read in the newspapers! Sometimes I wonder if everyone isn’t in M&A talks to one degree or another, and rumors continue to swirl about a publicly-held bank..[read more]

Fewer Plan to Buy, But Others Aren't Giving Up
Fri, 15 Feb 2019 13:19:47 GMT

Posted To: MND NewsWireThe perceptions, expectations, and plans of prospective homebuyers appear to be undergoing a transition according to results from the most recent Housing Trends survey report from the National Association of Homebuilders (NAHB)..[read more]

Mortgage Bankers Estimate 29% Surge in New Home Sales
Thu, 14 Feb 2019 22:22:31 GMT

Posted To: MND NewsWireWhile we have not yet seen figures from the Census Bureau for December let alone January, the Mortgage Bankers Association (MBA) is reporting a surge in new home sales last month. Information from MBA's Builder Application Surv..[read more]

MBS RECAP: Dormant Data Returns in a Big Way
Thu, 14 Feb 2019 22:18:45 GMT

Posted To: MBS CommentaryOf all the reports silenced by the government shutdown, Retail Sales was probably the most missed. It didn't help that December is a rather important month for such data. December's report finally arrived today, and i..[read more]

Rates Are Better Today, But Not Back to 1-Year Lows
Thu, 14 Feb 2019 21:43:00 GMT

Posted To: Mortgage Rate WatchMortgage rates recovered today after rising to the highest levels in a week as of yesterday. The improvement followed a much-weaker-than-expected Retail Sales report--something investors have been waiting on for nearly 2..[read more]

MBS Day Ahead: Retail Sales is Back! Will Traders Pretend Nothing Changed?
Thu, 14 Feb 2019 13:31:55 GMT

Posted To: MBS CommentaryPerhaps it wasn't their fault, but several top tier economic reports up and left us during the government shutdown. We knew we'd see them again at some point, but in the meantime, we had to adapt to gleaning economic ..[read more]

MBS RECAP: Bonds Lose Ground on Shutdown Deal Hopes and Inflation Data
Wed, 13 Feb 2019 23:18:42 GMT

Posted To: MBS CommentaryAt first glance, this morning's weakness was all about the Consumer Price Index (CPI)--the most widely-followed inflation report. In order to make a case for CPI causing the weakness, we'd have to assert that a core y..[read more]

Highest Mortgage Rates in a Week After Today's Move
Wed, 13 Feb 2019 21:41:00 GMT

Posted To: Mortgage Rate WatchMortgage rates hadn't changed much over the past few business days, even though they arguably should have moved a bit higher yesterday. That made today's adjustment slightly more abrupt. Why was there an adjustment? Mort..[read more]

NAHB Takes a Detailed Look at First-Time and Trade-up Buyers
Wed, 13 Feb 2019 16:40:49 GMT

Posted To: MND NewsWireA total of 8.8 million households bought homes in the two years preceding the most recent American Housing Survey (AHS). The survey, sponsored by the Department of Housing and Urban Development, is conducted by the Census Burea..[read more]

Marketing Products; Lender Legal News; OB's Index, Flood Insurance, Ditech's Ch. 11
Wed, 13 Feb 2019 14:17:27 GMT

Posted To: Pipeline PressAmazon accounts for nearly 50% of the ecommerce activity in the United States. With that kind of delivery service, it isn’t hard to see why malls are suffering. Which is why, all across the nation, malls are being re-de..[read more]

MBS Day Ahead: How Inflation Matters in The Bigger Picture
Wed, 13 Feb 2019 13:48:32 GMT

Posted To: MBS CommentaryThis morning brings the week's first major economic report in the form of the Consumer Price Index (CPI)--one of the biggest inflation reports. Inflation has been an on-again, off-again market mover for the bond market ov..[read more]

Global Concerns Slow Mortgage Apps, Even With Lower Rates
Wed, 13 Feb 2019 13:14:22 GMT

Posted To: MND NewsWireMortgage applications have now fallen in six of the last eight weeks. The Mortgage Bankers Association (MBA) said its seasonally adjusted Market Composite Index, a measure of application volume, fell lost another 3.7 percent on..[read more]

MBS RECAP: Shutdown Deal Hurts Bonds, But Mostly Helped Stocks
Tue, 12 Feb 2019 22:18:02 GMT

Posted To: MBS CommentaryIt's hard to say exactly where stocks and bonds would be today absent the news from yesterday night regarding a possible shutdown deal. Both sides of the market were already in the process of bouncing as of last Friday--w..[read more]

How The Shutdown Is Affecting Mortgage Rates
Tue, 12 Feb 2019 21:32:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were roughly unchanged yet again today, although the average lender was charging microscopically higher fees compared to yesterday. The key ingredient in today's market movement (which ultimately translate..[read more]

NAR: Home Price Gains at a "Healthier" Pace
Tue, 12 Feb 2019 16:41:24 GMT

Posted To: MND NewsWireAn asset bubble can burst, or it can develop a slow leak, and float more or less gradually back to normal levels. The National Association of Realtors'® (NAR's) quarterly report on existing homes and metro home sales seems ..[read more]

Delinquencies and Foreclosures at 10-Year Lows
Tue, 12 Feb 2019 15:12:31 GMT

Posted To: MND NewsWireAccording to CoreLogic, loan performance continues to improve on a national basis, with delinquencies dropping more than 1 percentage point over the 12 months ended in November 2018. Frank Nothaft, CoreLogic's Chief Economist, ..[read more]

MBS Day Ahead: Bonds Gearing Up For a Big Move
Tue, 12 Feb 2019 14:46:08 GMT

Posted To: MBS CommentaryIn the shorter-term, there's nothing too interesting about the past few weeks of trading. Relative to the highs and lows set in the first 3 weeks of the year, the subsequent range has been well-contained. Over the past 2 ..[read more]

Broker Products; Upcoming Mortgage Events; Conforming/Conventional Changes
Tue, 12 Feb 2019 13:56:45 GMT

Posted To: Pipeline PressFrom Twitter: “When self-driving cars become mainstream, dead old people will occasionally just arrive places.” Morbid humor aside, will it really help traffic when cars are programmed to take laps around city blo..[read more]

MBS RECAP: Potential Warning About The Range
Mon, 11 Feb 2019 21:26:29 GMT

Posted To: MBS CommentaryI have to stretch to make a day like today interesting. As I'm fond of doing, I could easily label this one of those unofficial 3-day weekend type of Mondays. That description still works as 10yr yields were only 2bps hig..[read more]

Low Rates Unfazed by a Bit of Market Weakness
Mon, 11 Feb 2019 20:55:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held their ground fairly well today, despite the fact that underlying bond markets were weaker. Bond market weakness is associated with higher interest rates, all other things being equal. To understand th..[read more]

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