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News
MBS RECAP: Bonds Think it Over After NFP, Then Finally Decide to Rally
Fri, 07 Dec 2018 21:23:26 GMT

Posted To: MBS CommentaryThis morning's trading--both before and after NFP came out--basically acted as additional time for debate . Both MBS and Treasuries bounced quickly, but symmetrically around yesterday's closing levels before finally c..[read more]

Mortgage Rates Lowest Since September After Jobs Report
Fri, 07 Dec 2018 20:55:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held on to their recent improvements today after the important Employment Situation (the big "jobs report") showed November job creation was lower than expected. In general, weaker job creation is good for..[read more]

New Fannie/Freddie Requirements May Penalize High-Risk Borrowers
Fri, 07 Dec 2018 18:24:50 GMT

Posted To: MND NewsWireThree researchers from the Urban Institute (UI) recently analyzed the new capital standards rule proposed by the Federal Housing Finance Agency (FHFA) for Fannie Mae and Freddie Mac (the GSEs.) The proposed rule includes two al..[read more]

Uptick in Home Purchase Sentiment Reflects Increased Confidence
Fri, 07 Dec 2018 16:51:10 GMT

Posted To: MND NewsWireFannie Mae's Home Purchase Sentiment Index (HPSI) for November rose slightly, but within the 0.5-point increase was some increased confidence about personal finances and the wisdom of buying a home. The index, which consolidate..[read more]

Warehouse Products; Vendor/Service Provider Directory; Yield Curve Primer
Fri, 07 Dec 2018 14:17:15 GMT

Posted To: Pipeline PressThe year has sped along, and here we are at Pearl Harbor Day already. Although mortgage rates have lagged, what has pushed Treasury rates down? Released earlier this week, the Federal Reserve's latest report on economic condi..[read more]

MBS Day Ahead: So Much of The Recent Volatility Has Been Building Toward Today
Fri, 07 Dec 2018 13:33:02 GMT

Posted To: MBS CommentaryPowell's speech last week at the Economic Club of New York marked the beginning of an official shift. Until then, while the Fed had its dovish dissenters, the consensus was "steady as she goes" with respect to regular rat..[read more]

Better Access to Conforming Loans Means More First-Timers in Market
Fri, 07 Dec 2018 13:30:56 GMT

Posted To: MND NewsWireAccess to mortgage credit moved higher in November, largely due to improved access to conforming mortgages. The Mortgage Bankers Association's Mortgage Credit Availability Index (MCAI increased 1.1 percent to 188.8. A decline i..[read more]

Sluggish Construction Challenges the Housing Market
Fri, 07 Dec 2018 13:27:24 GMT

Posted To: MND NewsWireWhile there has been a lot of talk since the recovery took hold about the lack resiliency in the residential construction sector, the issue is now moving from an academic discussion to one on the verge of alarm. As Freddie Mac'..[read more]

MBS RECAP: Huge Day For Bonds, For Better and Worse
Thu, 06 Dec 2018 22:29:59 GMT

Posted To: MBS CommentaryWithout discussing what tomorrow may bring for bond markets, we can safely say that today was big. Both in terms volumes and outright trading levels, we haven't seen a bigger combo since the big stock sell-off in early Oc..[read more]

Mortgage Rates Are On a Tear!
Thu, 06 Dec 2018 21:19:00 GMT

Posted To: Mortgage Rate WatchMortgage rates dropped significantly yet again today, adding to an already impressive week of improvement and bringing most lenders into their best territory since September 13th, 2018. The average lender improved by mor..[read more]

MBS Day Ahead: Quick Recap of How/Why Rates Have Rallied So Apparently Quickly
Thu, 06 Dec 2018 14:09:34 GMT

Posted To: MBS CommentaryGood times are rolling in the bond market, even if they're rolling much more for Treasuries as opposed to MBS. Nonetheless, MBS will continue to benefit as long as Treasuries are rallying, and the latter is beginning the ..[read more]

Profitability Products; New Penn Re-Branded; What is Pushing Rates Lower
Thu, 06 Dec 2018 13:58:34 GMT

Posted To: Pipeline PressI still receive questions about HMDA. It’s good to know about the 2018 edition of A Guide to HMDA Reporting: Getting it Right! (the Guide). Developed by the Federal Financial Institutions Examination Council, it provide..[read more]

UI Researchers Evaluate Proposed Changes to Fannie/Freddie
Thu, 06 Dec 2018 13:44:32 GMT

Posted To: MND NewsWireIn June the Federal Housing Finance Agency's (FHFA) issued a proposed capital standard for the government-sponsored enterprises (GSEs), Freddie Mac and Fannie Mae. Three Urban Institute researchers have analyzed the rule with a..[read more]

Mortgage Applications Bouncing Back
Wed, 05 Dec 2018 18:22:06 GMT

Posted To: MND NewsWireMortgage rates remained largely flat or even slightly lower during the week ended November 30. This probably helped to maintain the upward trend in mortgage applications that began the previous week during the Thanksgiving holi..[read more]

MBS RECAP: Big Rally in Bonds as Concerns Over Economic Cycle Grow
Tue, 04 Dec 2018 22:53:25 GMT

Posted To: MBS CommentaryBonds rallied in a big way today with intraday lows of 2.885% in 10yr yields. There was also a prominent sell-off in stocks, begging the conclusion that this was a classic "stock lever" move. But that's not exactly right,..[read more]

Mortgage Rates Deeper into 2 Month Lows as Stocks Swoon
Tue, 04 Dec 2018 22:16:00 GMT

Posted To: Mortgage Rate WatchMortgage rates technically hit their lowest levels in exactly 2 months yesterday. Today merely takes them deeper into that territory. The size of the improvement is less impressive and less meaningful compared to that "l..[read more]

Buyers Persist in Search for THE Dream Home
Tue, 04 Dec 2018 17:04:10 GMT

Posted To: MND NewsWireIt is often billed as the most important and consequential financial decision a household can makes, so it probably follows that buying a home should not be a quick one. Findings from the National Association of Home Builders' ..[read more]

MBS Day Ahead: How Low Can We Go?
Tue, 04 Dec 2018 14:13:41 GMT

Posted To: MBS CommentaryThe day begins with the December rally gathering steam, or at least maintaining the surprisingly strong levels achieved yesterday afternoon. Yields continue pushing back into the high 2% territory that they blew through on th..[read more]

LO Products; December Events and Training; Servicing Sale With CRA Loans
Tue, 04 Dec 2018 14:07:04 GMT

Posted To: Pipeline PressThinking about locking a loan tomorrow during the National Day of Mourning for George Bush? With the bond markets closed, plenty of mandatory execution desks, like Wells Fargo’s, will be closed. Check with the specific ..[read more]

Homeownership is a Top Priority for Millennials
Tue, 04 Dec 2018 13:13:34 GMT

Posted To: MND NewsWireWhile their behavior thus far doesn't do much to validate it, a survey by Bank of America (BoA) finds that Millennials put a high priority on homeownership . In fact, among members of that generation responding to the company's..[read more]

MBS RECAP: Strong Showing For Bonds
Mon, 03 Dec 2018 22:21:17 GMT

Posted To: MBS CommentaryI don't think candlestick patterns can predict the future, but a few of them offer quick and easy ways to convey a certain theme in the market. One of the clearest patterns is the "engulfing pattern." This happens when to..[read more]

Mortgage Rates Now at 2-Month Lows
Mon, 03 Dec 2018 21:16:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't really improve today for the average lender, but they did manage to hit the lowest rates in 2 months on a technicality. The reason for this is simple. There was a big gap between the rates seen on O..[read more]

Public Spending Buoys October Construction Numbers
Mon, 03 Dec 2018 17:22:08 GMT

Posted To: MND NewsWireConstruction spending was lower on a month-over-month basis in October, but an increase in public sector spending held the overall decline to a minimum. The U.S. Census Bureau said that total expenditures on spending nationwide..[read more]

MBS Day Ahead: First Week of The Rest of The Year
Mon, 03 Dec 2018 13:57:32 GMT

Posted To: MBS CommentaryMuch like the person on a journey of self-improvement might hear a trite pep talk about today being the first day of the rest of their life, bond markets are facing a similar opportunity. They too have been a journey of self ..[read more]

Sales Jobs and Promotions; Education Products; Bond Market Watching Jobs and China
Mon, 03 Dec 2018 13:49:05 GMT

Posted To: Pipeline PressI admit that I’ve become jaded over the years. Another potential government shutdown comes and goes. As always, our industry, and more importantly those with insurance, must deal with the potential uncertainty of the fl..[read more]

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