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Real Estate News
Mortgage Market Ridiculously Good or Just Ridiculous?
Fri, 10 Jul 2020 20:46:00 GMT

Posted To: Mortgage Rate WatchIt should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances in all corners of society. Here in the housing and mortgage markets, one of the first major manifestations of t..[read more]

MBS RECAP: Big Scary Reversal in Bonds (Spoiler Alert: It Wasn't That Scary)
Fri, 10 Jul 2020 20:28:01 GMT

Posted To: MBS CommentaryBig Scary Reversal in Bonds (Spoiler Alert: It Wasn't That Scary) Just as bonds were settling into a nice new trend toward lower yields, today comes along with the biggest intraday reversal in weeks. But even if the weakn..[read more]

Biggest Drop yet in Forbearances Brings us Back to April's Levels
Fri, 10 Jul 2020 13:19:45 GMT

Posted To: MND NewsWireBlack Knight's weekly report on the numbers of mortgage loans in COVID-19 forbearance plans shows that a decline in those numbers of nearly a half million last week. More than 435,000 homeowners exited the plans, the largest dr..[read more]

Ops, LO, AE Jobs; Servicing, Lead, Marketing Products; Conventional Conforming Changes
Fri, 10 Jul 2020 13:07:49 GMT

Posted To: Pipeline PressBubonic plague in China ? What’s next, frogs falling from the sky? Water turning into blood, darkness for three days? A big bank requiring $1 million in your account for some retail jumbo refis? Oh wait... that happened..[read more]

MBS Day Ahead: Bonds' Already Hitting The Floor of The New Trend
Fri, 10 Jul 2020 13:04:52 GMT

Posted To: MBS CommentaryTrend channels in financial markets are some of the most basic forms of analysis. They consist of lines drawn along the highs and lows of a charted security. When parallel lines can be drawn that connect more than a few highs..[read more]

Mortgage Rates Defy Odds, Improving Yet Again From Record Levels
Thu, 09 Jul 2020 20:25:00 GMT

Posted To: Mortgage Rate WatchThere are two kinds of headlines about mortgage rates today: those that rely on the weekly survey-based data published each Thursday by Freddie Mac, and those who rely on the actual daily average rate compiled by Mortgag..[read more]

Sure, Rates Are Low, But It's Getting Harder to Get a Loan
Thu, 09 Jul 2020 20:23:48 GMT

Posted To: MND NewsWireCredit tightening is becoming more evident according to the Mortgage Bankers Association (MBA). Its Mortgage Credit Availability Index fell to a reading of 125.0 in June, a loss of 3.3 percent . A decline in the index indicates..[read more]

MBS RECAP: Bonds Making a Case For a New Trend
Thu, 09 Jul 2020 20:03:23 GMT

Posted To: MBS CommentaryBonds Making a Case For a New Trend We've talked a lot about the linear uptrend in bond yields that began in April. It was defeated by the end of June and bonds began drifting sideways. But now they may be making a case f..[read more]

Realtors Report that their Customers are Back
Thu, 09 Jul 2020 14:57:36 GMT

Posted To: MND NewsWireA new survey by the National Association of Realtors® (NAR) has found that the vast majority of its members feel as though their businesses are back on track. NAR says, "After enduring months of setbacks brought on by the c..[read more]

MBS Day Ahead: Are Mortgage Rates Done Closing The Gap To MBS?
Thu, 09 Jul 2020 13:18:19 GMT

Posted To: MBS CommentaryWe've talked a lot about the massive rift that opened up between mortgage rates and MBS yields as the pandemic hit markets several months ago. MBS yield isn't something we've historically focused on largely becaus..[read more]

LO Jobs; Marketing Products; Compliance News: Is a "like" a "thing of value"?
Thu, 09 Jul 2020 13:16:18 GMT

Posted To: Pipeline PressUnited Airlines may lay off 36,000? Bed, Bath, and Beyond closing 200 stores? Walgreen’s cutting 4,000? Yup. Lower rates won’t save those jobs, but we’ll have low rates for a long time. Things are different ..[read more]

Fairly Innocent Wake-Up Call For Mortgage Rate Watchers
Wed, 08 Jul 2020 20:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged today for the average lender. That means they remain at all-time lows that are even lower than the all-time lows seen during the previous 3 business days. Even so, today's underlying market ..[read more]

MBS RECAP: Closer Look at Stocks vs Rates
Wed, 08 Jul 2020 20:07:57 GMT

Posted To: MBS CommentaryBonds Pull Back, But It's Still a Waiting Game Despite some modest weakness to begin the day, bonds remain smack dab in the center of their recent range. We've officially begun the waiting game. Econ Data / Events 11:..[read more]

Housing Market Confidence Continues to Bounce Back
Wed, 08 Jul 2020 18:22:44 GMT

Posted To: MND NewsWireFannie Mae's Home Purchase Sentiment Index (HPSI) continued to rebound last month from its sharp retreat to near record lows in the Spring. The Index, based on selected responses to the company's National Housing Survey (NHS) f..[read more]

Mortgage Application Volume Recovers its Momentum
Wed, 08 Jul 2020 14:44:46 GMT

Posted To: MND NewsWireMortgage application volume bounced back into positive territory last week , even though banks and many businesses were closed on Friday for the Independence Day Holiday. The Mortgage Bankers Association (MBA) said its Market C..[read more]

U/W, LO, Processor Jobs; Lead, Broker, AMC Products; Upcoming Training; a Peek at Rocket Companies
Wed, 08 Jul 2020 13:57:13 GMT

Posted To: Pipeline PressCrazy times. Brooks Brothers filed for Chapter 11 bankruptcy. Rocket Companies filing for an IPO. Genworth Mortgage Insurance completing an excess of loss reinsurance transaction. It is easy to argue that it is the fear of th..[read more]

MBS Day Ahead: It's Still a Waiting Game
Wed, 08 Jul 2020 12:49:58 GMT

Posted To: MBS CommentaryThere really wasn't much by way of riveting new developments on the radar heading into this week. A smattering of Fed speakers and relatively inconsequential data in early July aren't up to the task of creating big-pi..[read more]

Study Shows Low Housing Supply Leads to Gentrification
Wed, 08 Jul 2020 12:37:02 GMT

Posted To: MND NewsWireA study by the Urban Institute (UI) has found a strong correlation between the home price to income ratio in an area and its rate of gentrification. The results are published on UI's Urban Wire blog in a post written by analyst..[read more]

MBS RECAP: Record High MBS Prices, Record Low Rates. What Next?
Tue, 07 Jul 2020 20:28:45 GMT

Posted To: MBS CommentaryRecord High MBS Prices, Record Low Rates. What Next? Bonds and rates clearly aren't looking at economic data as a key source of motivation, nor are they playing by the normal set of rules. Coronavirus has rewritten those ..[read more]

Mortgage Rates Just Got Even Lower
Tue, 07 Jul 2020 20:27:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were already at all-time lows yesterday, and had been holding at those levels for at least 3 business days for the average lender. I normally tell people that mortgage lenders are hesitant to drop rates ve..[read more]

2021 Could See First Decline in Home Prices in 9 Years
Tue, 07 Jul 2020 13:48:16 GMT

Posted To: MND NewsWireDid the housing happy talk just get a little less so? CoreLogic's Housing Price Index Forecast (HPI) over the May 2020 to May 2021 window is seeing more rapid price deceleration in the face of the COVID-19 situation than did th..[read more]

Marketing, Processing, Training Tools; Industry and Lender Forbearance Trends
Tue, 07 Jul 2020 12:59:53 GMT

Posted To: Pipeline PressThis morning analysts are talking about the 5 million people of Melbourne, Australia now under a new 6-week lockdown. Lockdown! In this country, we have four long months until the election, with plenty of mudslinging ahead. B..[read more]

MBS Day Ahead: Surprising Resilience in Bonds or Surprising Strength in Stocks?
Tue, 07 Jul 2020 12:52:30 GMT

Posted To: MBS CommentaryConventional wisdom holds that stocks tend to do better when bonds do worse. The logic is simple. When investors feel more optimistic or more risk-tolerant, they're more likely to re-allocate some bond holdings into stock..[read more]

Mortgage Rates Staying Very Flat and Very Low
Mon, 06 Jul 2020 19:58:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged for the third straight day, which is welcome news considering they are at all-time lows. The stability comes in spite of at least two important economic reports that would normally push rates..[read more]

MBS RECAP: Record High MBS Prices, Record Low Rates. What Next?
Mon, 06 Jul 2020 19:44:30 GMT

Posted To: MBS CommentaryRecord High MBS Prices, Record Low Rates. What Next? Bonds and rates clearly aren't looking at economic data as a key source of motivation, nor are they playing by the normal set of rules. Coronavirus has rewritten those ..[read more]

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