• Delinquency Rates Leveled Off in February
    by Jann Swanson on May 11, 2021 at 2:42 pm

    Posted To: MND NewsWireMortgage delinquency rates ticked up slightly in February, the first increase since August 2020 . CoreLogic said the national delinquency rate at the end of the reporting period was 5.7 percent, up 0.1 percentage point from January. The rate indicates the percentage of all […]

  • Ops. Mgt., MLO Jobs; Renovation, Docs, Retention Non-QM Training Tools; Product Updates
    by Rob Chrisman on May 11, 2021 at 2:40 pm

    Posted To: Pipeline PressThe real estate and lending industries operate in a world filled with laws, lawsuits, and regulators. (The latest example is REX’s suit against Zillow and the National Association of Realtors – NAR – over the real estate segregation rule, which puts the interests of […]

  • MBS Day Ahead: Bonds Bide Time With Fed Speakers and Auction Anxiety
    by Matthew Graham on May 11, 2021 at 2:08 pm

    Posted To: MBS CommentaryBonds lost ground moderately yesterday and blame was most easily assigned to the broad notion of “supply.” More specifically, a record-setting round of Treasury auctions kicks off today with 3yr notes, which are by far the least relevant of the 3. Things don’t get super […]

  • MBS RECAP: Heavy Issuance Weighs on Bonds
    by Matthew Graham on May 10, 2021 at 8:02 pm

    Posted To: MBS CommentaryHeavy Issuance Weighs on Bonds We knew bonds would be skittish about Treasury auctions this week, but the defensiveness began early owing to a big glut of corporate bond offerings. Amazon led the way, accounting for nearly $20bln of the rather epic $34+ bln on the day. […]

  • Homebuying Sentiment Turns Negative Despite Economic Improvement
    by Jann Swanson on May 10, 2021 at 3:34 pm

    Posted To: MND NewsWireFannie Mae has conducted the National Housing Survey every month since 2011. Among its most prominent questions are those relating to home buying and home selling: is it a good or a bad time to do either one? Last month the net positive responses for the good time to buy […]

  • Early Stage Delinquencies Sink to All-Time Lows
    by Jann Swanson on May 10, 2021 at 3:28 pm

    Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) reports that the percentage of non-current mortgages dropped by 35 basis points (bps) in the first quarter of 2021. According to MBA vice president Marina Walsh, it was the largest quarterly decline in delinquencies in the history of the […]

  • Sales Jobs; Retention, Purchase, Servicing, Reverse Products; Webinars and Training; Interview With Economist Elliot Eisenberg
    by Rob Chrisman on May 10, 2021 at 2:09 pm

    Posted To: Pipeline PressHere at the MBAG event in Northern Florida some of the topics of conversation is the economy, the inability to predict interest rates, families, and lending. It has been reported that 25 to 34-year old’s spend more on mothers than any other age group for Mother’s Day, […]

  • MBS Day Ahead: Attention Turns to Auctions and Inflation Metrics
    by Matthew Graham on May 10, 2021 at 1:44 pm

    Posted To: MBS CommentaryThe week gets off to a slow start without any significant data on tap for Monday or Tuesday. The Treasury auction cycle becomes more relevant on Wednesday with a record high dollar amount of 10yr notes hitting the market at 1pm ET. Earlier that morning, core consumer prices […]

  • Rates Reacted to Jobs Report, But Not Like You’d Expect
    by Matthew Graham on May 7, 2021 at 11:32 pm

    Posted To: Mortgage Rate WatchOnce a month, the government releases the Employment Situation, also known as “the jobs report.” No other piece of economic data is as consistently relevant for the bond market and, thus, interest rates. For most of the past year, the normal correlation between jobs […]

  • MBS RECAP: Bonds Fail to Capitalize on Super Weak Jobs Report
    by Matthew Graham on May 7, 2021 at 7:44 pm

    Posted To: MBS CommentaryBonds Fail to Capitalize on Super Weak Jobs Report Nonfarm Payrolls came in at 266k compared to a median forecast of 978k. That’s one of the biggest misses ever and it was no surprise to see bonds rally significantly in response. It was definitely a surprise to see how […]