jamie verell goff
Direct 205.296.2323
Fax 205.877.0189

Real Estate News
Low Rates Could Mitigate Some COVID Damage
Tue, 07 Apr 2020 20:53:10 GMT

Posted To: MND NewsWireBlack Knight has done an early analysis of the potential impacts of the COVID-19 pandemic on the housing market . In our summary of the first part of their paper we looked at the condition of the housing market in the early par..[read more]

Forbearance Explosion Beginning to Hit Mortgage Market
Tue, 07 Apr 2020 20:37:56 GMT

Posted To: MND NewsWireHomeowners who are either already feeling the financial effects of COVID-19 or anticipate it will happen are being proactive in requesting help from their lenders . A survey conducted by the Mortgage Bankers Association among m..[read more]

After Blockbuster February, Home Prices Face Uncharted Territory
Tue, 07 Apr 2020 15:04:09 GMT

Posted To: MND NewsWireHome price gains accelerated for the fourth straight month in February with a 4.1 percent annual increase in the CoreLogic Home Price Index (HPI) The 12-month rate of appreciation in January was 4.0 percent. The company said ho..[read more]

Warehouse, Broker Products; Webinars Everywhere on Everything; Mr. Cooper's Early Forbearance Figures
Tue, 07 Apr 2020 13:10:59 GMT

Posted To: Pipeline PressIs there good news out there? You bet! Ying Ying and Le Le mated . That aside, Day 98 of captivity. We’ve all found out that really hot water and sudsy soap break down the protective outer layer of the virus. And I foun..[read more]

Why Have "Points" Made a Big Resurgence In The Mortgage Market?
Mon, 06 Apr 2020 20:55:00 GMT

Posted To: Mortgage Rate WatchThe most important ingredient in the mortgage market is the presence of homeowners--prospective or otherwise--with the means and desire to make monthly payments. That fact invites investors to earn solid, predictable ret..[read more]

Covid-Related Job Losses Hit Residential Construction
Mon, 06 Apr 2020 15:25:49 GMT

Posted To: MND NewsWireThe Jobless Claims Report and the Employment Situation Report and were both pretty devastating last week with more than 6 million new unemployment claims filed on top of 3 million the prior week and 701,000 jobs lost. The unemp..[read more]

MBS Week Ahead: Is The Fed Really Buying Less Mortgage Debt This Week?
Mon, 06 Apr 2020 14:58:30 GMT

Posted To: MBS CommentaryHere's this week's Fed MBS Purchase Schedule . The daily amount is down from a recent peak of $50 bln to $25 bln . So does that mean the Fed is only going to buy half as much MBS as it was buying 2 weeks ago? And if s..[read more]

Originator, CRM, AI, Recruiting Products; Processing Changes Continue
Mon, 06 Apr 2020 13:07:37 GMT

Posted To: Pipeline PressTwas a rough night since today it’s garbage day. I was worrying all night, “What should I wear to take it out?” Jeannette M writes, “On January 1st I thought, ‘This is my year!’ By April 1s..[read more]

Black Knight's Deep Dive on Housing, Mortgages, and COVID
Fri, 03 Apr 2020 17:49:40 GMT

Posted To: MND NewsWireBlack Knight has taken what will probably prove to be only their first in-depth analysis of the potential effects of the COVID-19 pandemic on the economy and specifically on the U.S. housing and mortgage markets. The paper look..[read more]

(Home) Building our Way out of Crisis
Fri, 03 Apr 2020 13:26:46 GMT

Posted To: MND NewsWireHome building might be the answer to more than just the housing shortage according to some information provided by Paul Emrath, economist for the National Association of Home Builders (NAHB). He maintains that it can also be a ..[read more]

Appraisal, Credit, Doc, Broker Products; Major Jumbo Changes; Delay in Servicer Rescue?
Fri, 03 Apr 2020 13:16:51 GMT

Posted To: Pipeline PressWhile in captivity it is important to focus on the friends you’ll see when you’re released . Your borrower doesn’t want the fuss and muss of typing up their own forbearance letter so they don’t have to..[read more]

HUD Says First Relief Funds are on the Way
Fri, 03 Apr 2020 13:04:06 GMT

Posted To: MND NewsWireThe Department of Housing and Urban Development (HUD) has announced how it will be allocating its initial portion of funds from the massive Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress last week..[read more]

MBS Day Ahead: The Market Knows More Than Any One Person, And Knows it Sooner
Thu, 02 Apr 2020 14:41:54 GMT

Posted To: MBS CommentaryMany people have "expert sources" they rely on for insight to potential market movers. I understand this quite well. On the one hand , I used to believe that such experts knew more than my 13yr old about what might happen nex..[read more]

Appraisal, Broker, QC Products; Industry Shifting Programs, Underwriting, Pricing, and Execution
Thu, 02 Apr 2020 13:30:57 GMT

Posted To: Pipeline PressYesterday I decided to put thoughts of SRP values plummeting, and EPO & EPD penalties being enforced, out of my mind and get some exercise. My cat Myrtle had a mix of curiosity and disdain while watching me do my the 90-secon..[read more]

Single-Family, Public Construction Spending on Upswing
Wed, 01 Apr 2020 15:46:22 GMT

Posted To: MND NewsWireNationwide outlays for construction slipped slightly in February. The Census Bureau said public and private sources spent at a seasonally adjusted annual rate of $1.367 trillion on all forms of construction, down 1.3 percent fr..[read more]

MBS Day Ahead: Data Doesn't Matter? Oh, It Will...
Wed, 01 Apr 2020 13:43:48 GMT

Posted To: MBS CommentaryThis morning's ADP Employment showed a loss of 27k jobs. Forecasts called for a loss of 150k jobs compared to last month's report that was strongly positive at +183k. Normally, when ADP or NFP job counts beat their fo..[read more]

FHA Jobs; Broker, Marketing, Training Products; Servicing Trends; Processing and UW Changes
Wed, 01 Apr 2020 13:19:41 GMT

Posted To: Pipeline Press“I hadn’t planned on giving up quite this much for lent.” So true. It is a different world than only a month ago. Of course rates are going to stay at these levels for a long time. But rate sheet prices are ..[read more]

Lessons From Great Recession Wall Street Buying Spree
Wed, 01 Apr 2020 12:54:30 GMT

Posted To: MND NewsWireIn an earlier article , (before more pressing issues shelved the topic) we summarized highlights from a recent New York Times Magazine article about the ownership of a large share of the nation's single-family rental stock by i..[read more]

Mortgage Apps Defy Coronavirus Woes and Post a 15% Increase
Wed, 01 Apr 2020 12:27:42 GMT

Posted To: MND NewsWireWell this was a surprise. In a week when unemployment claims soared to the highest level in probably ever and several large states went into a COVID-19 induced lockdown, the Mortgage Bankers Association (MBA) announced a signif..[read more]

Mortgage Market is Freaking People Out
Tue, 31 Mar 2020 21:30:00 GMT

Posted To: Mortgage Rate WatchThere are too many counter-intuitive and frustrating developments in the mortgage market to comprehend all at one time, let alone discuss. That's not a cop-out as much as it is a favor I'm doing for you. If we tried to c..[read more]

Tue, 31 Mar 2020 18:27:00 GMT

Posted To: MBS CommentaryCURRENT FED MBS BUYING SCHEDULE AND PURCHASE LOOKUP TOOL I'm changing up this Q&A to make it shorter, denser, and better. If it's too pithy for you, revisit the previous version of this commentary HERE and take time to intern..[read more]

Solid Home Price Gains Continued into January Ahead of Coronavirus Pandemic
Tue, 31 Mar 2020 14:58:40 GMT

Posted To: MND NewsWireHome prices entered 2020 still on the uptick according to the S&P CoreLogic Case-Shiller indices. The U.S. National Home Price Index, which covers all nine U.S. census divisions, reported a 3.9 percent annual gain in January. T..[read more]

MBS Day Ahead: Let's Talk About Porridge
Tue, 31 Mar 2020 13:42:55 GMT

Posted To: MBS CommentaryI don't know much about porridge. I'm not even sure I've ever eaten it. I do know one thing about it though: the temperature has to be "just right" from what I've heard. Markets--especially bond markets--are v..[read more]

Marketing, Cybersecurity, eClosing Products; Shifts in LTVs, Credit, Pricing, Appraisal Policies
Tue, 31 Mar 2020 13:03:00 GMT

Posted To: Pipeline PressRemember when all we had to worry about was Amazon taking over mortgage banking? The sun hits different here in March – see joke at bottom. (Thirty days hath September, April, June, and November. All the rest have thirt..[read more]

What's Being Done to Prevent Forbearance From Crushing The Mortgage Industry?
Mon, 30 Mar 2020 15:29:05 GMT

Posted To: MND NewsWireAmong responses to the job losses and reduced income already emerging from the COVID-19 pandemic has been a moratorium on foreclosures and a requirement, coming from many quarters, that servicers offer mortgage borrowers an ext..[read more]

 © 2020 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design