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Real Estate News |
MBS Day Ahead: 4 Key Levels to Watch as Bonds Trade Near All-Time Low Yields
Tue, 25 Feb 2020 14:43:30 GMT
Posted To: MBS Commentary1.67, 1.50, 1.43, and 1.32% in 10yr Treasury yields... These are the only 4 key levels you need right now. Why are we talking about 10yr yields if this is an MBS site? Funny you should ask. Here's a primer: Why So Much Fo..[read more]
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Broker, Correspondent Products; Credit Shifts; Moody's Weighs in on Non-QM
Tue, 25 Feb 2020 13:50:50 GMT
Posted To: Pipeline PressPeople have a choice in financing their home: debt or equity. (Debt, of course, is what supports our industry. Equity, however, has been experimented with for many years, with varying degrees of success. Here’s the late..[read more]
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MBS RECAP: 10yr Nearly Tags All-Time Lows; Mortgage Market Laggin'
Tue, 25 Feb 2020 01:24:43 GMT
Posted To: MBS CommentaryYields plummeted overnight and again this morning, giving chase to a massive global stock market sell-off due to rapidly rising coronavirus fears. MBS did quite well on an outright basis, but lagged horribly behind Treasuries..[read more]
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Important Lessons From Near-Record Low Mortgage Rates
Tue, 25 Feb 2020 00:18:00 GMT
Posted To: Mortgage Rate WatchMortgage rates continue to carve out the unlikeliest of victories in 2020 with significant help from coronavirus. The epidemic has taken a year that was almost certain to start off with a steady move toward higher rates ..[read more]
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Cheaper Construction Loans Mean More Custom Homes
Mon, 24 Feb 2020 17:20:58 GMT
Posted To: MND NewsWireBuilders are finding that acquisition, development, and construction (ADC) loans in the last half of 2019 were both easier to access and less costly. That may be, in part, behind a fourth quarter 2019 surge in custom home build..[read more]
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MBS Week Ahead: High Gear nCov Fear Pushing Rates Toward All-Time Lows
Mon, 24 Feb 2020 15:58:16 GMT
Posted To: MBS CommentaryCoronavirus (or nCov for short) made more disconcerting headlines over the weekend and has generally proven itself to be far more capable in that regard than its long lost cousin, SARS. When the nCov market narrative first em..[read more]
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Controller, LO Jobs; Compliance and Servicing Events; Coronavirus Dominating Markets
Mon, 24 Feb 2020 13:52:56 GMT
Posted To: Pipeline PressWith the coronavirus driving worldwide markets and politics dominating the headlines, who doesn’t like “easy?” Easy: Krispy Kreme is launching donut delivery. Thank you to Ken S. who passed along this report..[read more]
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Full Steam Ahead for Refi Boom as Rates Hit New Lows
Fri, 21 Feb 2020 20:52:00 GMT
Posted To: Mortgage Rate WatchYesterday's mortgage rate commentary noted a fresh move down to the lowest levels in more than 3.5 years . With just a bit more improvement, the same is true today . This isn't some isolated opportunity. Rates have been ..[read more]
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Existing Home Sales Showing Resilience and Lots of Potential for 2020
Fri, 21 Feb 2020 16:12:19 GMT
Posted To: MND NewsWireIf it's January it must mean fewer home sales. That, at least, has been the recent pattern according to National Association of Realtors (NARs). Existing home sales have bounced up and down on a near monthly basis. Strong sales..[read more]
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Delinquencies are at Lowest Levels Since 2000
Fri, 21 Feb 2020 14:49:45 GMT
Posted To: MND NewsWireTighter underwriting and a strong economy seemingly continue to be reflected in mortgage loan performance. In its "first look" at January loan data, Black Knight says the national delinquency rate hit the lowest level since the..[read more]
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MBS Day Ahead: For Now, It's Rally Time
Fri, 21 Feb 2020 14:47:36 GMT
Posted To: MBS CommentaryThe bond market specializes in making bets about future economic realities even as the stock market reflects shorter-term performance of the biggest companies. "Shorter-term" in this context means a heavy weight given to pres..[read more]
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New Home Sales, Prices Soar to Record Levels in January
Fri, 21 Feb 2020 14:32:02 GMT
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) said information from its January Builder Application Survey shows applications to finance new home purchases surged 40 percent from December and were 35.3 percent higher than in January 2..[read more]
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Underwriting, Appraisal Products; Lender, Vendor, and Borrower Products
Fri, 21 Feb 2020 13:31:46 GMT
Posted To: Pipeline PressYesterday’s commentary mentioned that there were “rumors” of Citi re-entering the correspondent channel. I apologize for any confusion. Readers should understand that Citi has never exited the correspondent ..[read more]
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MBS RECAP: Stock Selling Helped, But Bonds Were Already Rallying
Thu, 20 Feb 2020 21:35:58 GMT
Posted To: MBS CommentaryAt the start of the overnight session (yesterday night), 10yr yields were up around 1.58%. By 1030am ET, they'd already fallen to 1.525%. Up until that time, we hadn't heard so much as a peep out of global equities ma..[read more]
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Mortgage Rates Back Near Multi-Year Lows
Thu, 20 Feb 2020 20:52:00 GMT
Posted To: Mortgage Rate WatchMortgage rates haven't been this low for this long in years--3.5 years to be exact. Brexit was the talk of the town in the middle of 2016 and it resulted in rates very close to all-time lows for well over 3 months (all o..[read more]
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Consolidation Setting Sights on Next Week
Thu, 20 Feb 2020 15:23:45 GMT
Posted To: MBS CommentaryIn case you're just joining us, there's a consolidation going on in the bond market. That means yields are trading in a progressively narrower range after making a relatively bigger move. It happened in grand fashion ..[read more]
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Lower Rates Helped Raise January Closing Rate
Thu, 20 Feb 2020 15:20:45 GMT
Posted To: MND NewsWireThe slight drop in mortgage rates in January stabilized refinance originations according to the January Origination Insight Report from Ellie Mae. The 3 basis point dip to an average rate of 3.96 percent kept the refinancing sh..[read more]
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HELOC, Construction, and Title Products; Digital Borrower Solutions
Thu, 20 Feb 2020 13:50:53 GMT
Posted To: Pipeline PressMorgan Stanley buying E-Trade is causing some chatter this morning, and last night’s Democratic debate had plenty of chatter. (Some would use a stronger term than “chatter.” By the way, here’s a quick,..[read more]
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A Sharp Increase in January Housing Permits Defies Predictions
Wed, 19 Feb 2020 15:53:23 GMT
Posted To: MND NewsWireResidential construction data was mixed at the kick-off of the new year. Permits increased significantly while both housing starts and completions pulled back from December numbers. The U.S. Census Bureau and Department of Hous..[read more]
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Compliance, Servicing, Renovation, Broker Products; Shifts in Freddie and Fannie
Wed, 19 Feb 2020 14:57:02 GMT
Posted To: Pipeline PressEveryone is looking to increase production and cut expenses. MI companies, for example, are re-focusing on their highlighting their value proposition while evaluating their cost structure: what good does it do to have personn..[read more]
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MBS Day Ahead: Bonds Trying to Find Footing on a Ceiling
Wed, 19 Feb 2020 14:26:03 GMT
Posted To: MBS CommentaryThinking about the bond market in terms of rates and yields affords certain analytical luxuries. One is the ability to think in "upside down" terms where fans of low rates hope to break floors and find footing on ceilings. Th..[read more]
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Refi Applications Ebb, But The Boom Goes On
Wed, 19 Feb 2020 13:34:37 GMT
Posted To: MND NewsWireMortgage loan applications submitted during the week ended February 14 declined for the first time since mid-January. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage loan application volu..[read more]
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Fannie Mae Upgrades GDP, Many Housing Forecasts
Tue, 18 Feb 2020 20:33:38 GMT
Posted To: MND NewsWireFannie Mae says the U.S. economy appears to be sustaining itself despite both the problems faced by Boeing and the fears about the global impact of the coronavirus. The company's Economic and Strategic Research (ESR) group is u..[read more]
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Mortgage Rates Head Back Toward Long-Term Lows
Tue, 18 Feb 2020 20:01:00 GMT
Posted To: Mortgage Rate WatchMortgage rates are starting the new week off on a stronger note after concerns over coronavirus impacts moved markets over the weekend. While coronavirus won't spell the end of humanity, it will undoubtedly have an impac..[read more]
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