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MBS RECAP: Early Month-End Buying Boosts Bonds
Thu, 26 May 2016 21:59:13 GMT

Posted To: MBS CommentaryEarly month-end trading environment provided constant support Strong Durable Goods headline didn't matter gains were linear into the noon hour, then leveled off, and came back after the 7yr Auction 10yr yield ended 4.2bps..[read more]

Mortgage Rates Lowest in More Than a Week
Thu, 26 May 2016 21:23:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved modestly lower today. Given that rates had spiked last Wednesday and haven't moved too much since then, today's improvement was enough to get rates to the best levels seen since last Tuesday. That mi..[read more]

Home Price Gains Top 6% Year-Over-Year
Thu, 26 May 2016 14:48:32 GMT

Posted To: MND NewsWireHome prices appreciated in the first quarter of 2016 by 1.3 percent compared to the fourth quarter of 2015. The Federal Housing Finance Agency (FHFA) said this was the 19 th straight quarter its Housing Price Index (HPI) had po..[read more]

Housing's Hot Streak Continues as Pending Sales Crush Expectations
Thu, 26 May 2016 14:45:25 GMT

Posted To: MND NewsWireThis morning's strong pending home sales report was the third upbeat April housing indicator. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) a forward looking indicator based on home pu..[read more]

New Jumbo and Reverse Products; Chase and Wells Roll Out Low Down Payment Programs
Thu, 26 May 2016 14:23:03 GMT

Posted To: Pipeline PressAccording to Reuters, the NY state financial regulator is gearing up to launch an investigation into the entire online lending industry . (The regulator has already been looking into LendingClub.) Never a good thing to hear y..[read more]

Nearly of States in Stable Range According to Freddie Housing Indicator
Thu, 26 May 2016 14:13:39 GMT

Posted To: MND NewsWireThe nation's housing market continues to improve and the spring home buying season appears to be off to a strong start according to a Freddie Mac report released on Wednesday. The company's Multi-Indicator Market Index or MiMi ..[read more]

MBS Day Ahead: Auction Cycle Ends and Markets Ponder Fed's Mood
Thu, 26 May 2016 13:02:36 GMT

Posted To: MBS CommentaryLess about data and more about Fed outlook 3.5-day weekend is also a consideration for tradeflows 2 distinct options correspond to holding vs breaking the current trend Can't read too much into today's trading though ..[read more]

MBS RECAP: Mostly Quiet and Slightly Weaker (Again)
Wed, 25 May 2016 20:34:09 GMT

Posted To: MBS CommentaryBonds have been sideways to slightly weaker since last week's FOMC Minutes Markets not only coming to terms with increased June/July rate hike odds, but Fed is spelling it out Auction pressure and corporate bond issuance ..[read more]

Mortgage Rates Remain Under Pressure, Near Recent Highs
Wed, 25 May 2016 20:12:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today, depending on the lender. Most of the movement seen was toward slightly higher levels. The bond markets that underly mortgage rates remain under pressure after last week's Fed Minute..[read more]

2-4 Unit Properties Could Ease Affordable Housing Problem
Wed, 25 May 2016 13:20:10 GMT

Posted To: MND NewsWireThe Urban Institute says one solution to the nation's high rental costs is an old one, but financing may be making it unnecessarily inaccessible. Laurie Goodman, writing in the Institutes blog Urban Wire says that, in 2013 near..[read more]

Section 342 & OMWI - Why Lenders Should Be Aware of it; LO Survey
Wed, 25 May 2016 13:11:32 GMT

Posted To: Pipeline PressIt is hard to trace what happens to the fines levied against company by various regulators seeking to make a name for themselves. But one agency is a little more transparent than others: the CIA! A leading correspondent rep i..[read more]

MBS Day Ahead: Auction Cycle and Technicals Keep Pressure on Bonds
Wed, 25 May 2016 13:02:07 GMT

Posted To: MBS CommentaryToday brings 5yr Treasury auction = "supply pressure" Technical analysis is still negative Still, we can hope to get lucky with help from 'month-end' buying Thursday and Friday's economic data could help Bond mark..[read more]

Purchase Loan Volume up, Loan Size at Record High
Wed, 25 May 2016 11:58:17 GMT

Posted To: MND NewsWireMortgage applications increased last week driven by a significant uptick in applications for purchase mortgages. Refinance volume rose only fractionally. Overall, applications for mortgages, as measured by the Mortgage Bankers ..[read more]

MBS RECAP: Bonds Lose Ground, Casting Doubt on Sideways Theme
Tue, 24 May 2016 21:37:58 GMT

Posted To: MBS CommentaryBonds were weaker throughout European hours (3am to 1pm) Stock prices moved significantly higher and were well-correlated with bond losses 10yr yields avoided breaking above last week's ceiling But negative technical mome..[read more]

Mortgage Rates Higher in Some Cases
Tue, 24 May 2016 21:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were mixed today, depending on the lender. Some lenders adjusted rates higher in the middle of the day to reflect bond market weakness while others maintained the same rate sheets all day long. The lenders..[read more]

New Home Sales Skyrocketed in April, Probably...
Tue, 24 May 2016 14:34:56 GMT

Posted To: MND NewsWireNew home sales surged in April after a disappointing report in March. The Census Bureau and the Department of Housing and Urban Development said today that sales were at a seasonally adjusted annual rate of 619,000, an increase..[read more]

Are Some Borrowers "Self-Sidelining"?
Tue, 24 May 2016 14:29:52 GMT

Posted To: MND NewsWireCoreLogic has looked at an apparent contradiction in purchase loan originations that has emerged since the housing bubble burst. Why, CoreLogic economist Archana Pradhan asks in an article in the company's Market Trends blog, i..[read more]

Setback for DOJ in BofA Case; TRID's Impact in Capital Markets; Are MBS Markets Liquid?
Tue, 24 May 2016 13:56:22 GMT

Posted To: Pipeline PressWhat do banks have that non-bank residential lenders don’t? The fifth annual “State of Financial Marketing” survey conducted by The Financial Brand found the top products that banks most heavily market are m..[read more]

MBS Day Ahead: Crude Realities and a Tipping Point on Rate Hike Expectations
Tue, 24 May 2016 13:11:51 GMT

Posted To: MBS CommentaryBonds continue sideways grind in bigger picture Lots of focus remaining on Oil prices in news and analytical community Is it justified? As bond markets continue operating in a painfully narrow range following last week's ..[read more]

MBS RECAP: Bonds Still Not Moving Since Last Week's Fed Minutes
Mon, 23 May 2016 21:18:13 GMT

Posted To: MBS CommentaryThe title says it all Overnight session was calm European bonds were weaker at the close, putting pressure on US bond markets Bonds bounced back after Europe closed to end flat for 3rd straight day There were no significant e..[read more]

Mortgage Rates Continue Sideways for 3rd Straight Day
Mon, 23 May 2016 20:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were relatively steady again , marking the third straight business day with almost no rate movement following last week's quick spike higher. That spike was all about financial markets quickly coming to te..[read more]

Foreclosures Hit Ironic Milestone
Mon, 23 May 2016 14:03:03 GMT

Posted To: MND NewsWireApparently the foreclosure crisis has undergone so much healing that it is no longer particularly newsworthy . We conclude that because, for the first time in recent memory, RealtyTrac, the Irvine California company that has tr..[read more]

HR 2121 Up For Vote; Freddie's New Security, Fannie's New Board Member
Mon, 23 May 2016 13:50:02 GMT

Posted To: Pipeline PressMy memory's not as sharp as it used to be. Also, my memory's not as sharp as it used to be. The Bureau of Labor Statistics reports nearly 20% of Americans 65 or older are currently working, the highest level since the 1960s. ..[read more]

MBS Week Ahead: Clock Ticks on New Era For Bonds, but Until Then...
Mon, 23 May 2016 13:43:27 GMT

Posted To: MBS CommentaryAfter 2012, low rates in US have followed Europe Even then, US rates have set their own limits Now we're bouncing along those limits again and 'consolidating' The next distinct move begins a new era for rates We&#..[read more]

Slow Start for 2016 Cash Sales
Fri, 20 May 2016 21:22:00 GMT

Posted To: MND NewsWireA decrease in cash sales in February put 2016 on track to have the lowest share of such transactions in eight years. CoreLogic said that all cash purchases accounted for 35.7 percent of all home sales in February, a decline of ..[read more]

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