• MBS Day Ahead: Without Any Surprises, It’s Just Another Weekend Trading Day
    by Matthew Graham on November 27, 2020 at 2:21 pm

    Posted To: MBS CommentaryFor the US bond market, the day after Thanksgiving is frequently a reflection of the EU bond market. Strength in EU bonds translated to 10yr yields improving by 2bps (.862%). To be more precise, EU markets and US futures markets were still open yesterday. Stocks and bond […]

  • High level Ops, Implementation Jobs; Demographics for MLO’s: Who’s Locking and Who’s Not?
    by Rob Chrisman on November 27, 2020 at 2:17 pm

    Posted To: Pipeline PressLeft over pumpkin pie for breakfast today? Have you begun your company’s Holiday Cookbook yet? (Help corporate culture by sending an email, ad a recipe, send it on to someone else working from home, keep it going.) Remember when “flexible” working arrangements made […]

  • Forbearances Trending Slightly Higher, Well Below 2020 Peak Levels
    by Jann Swanson on November 27, 2020 at 2:17 pm

    Posted To: MND NewsWireDespite a second consecutive modest weekly increase , the number of loans in forbearance continue to trend well below those at the peak of the COVID-19 pandemic. Black Knight said there was an uptick of 27,000 loans in forbearance plans during the period ended November 23. […]

  • Mortgage Rates Little-Changed But The Fed Raises Some Doubts
    by Matthew Graham on November 25, 2020 at 9:11 pm

    Posted To: Mortgage Rate WatchMortgage rates have been operating relatively close to their all-time lows recently and today was no exception. The Fed raised some doubts as to how much longer that would be the case this afternoon when it released the minutes of its most recent policy meeting (from 3 […]

  • MBS RECAP: Fed Minutes Hurt MBS, But Not Quite As Badly As It Seemed
    by Matthew Graham on November 25, 2020 at 8:44 pm

    Posted To: MBS CommentaryFed Minutes Hurt MBS, But Not Quite As Badly As It Seemed Today’s Fed Minutes offered a more detailed account of the meeting that took place 3 weeks ago. Markets expected there would be more to learn on the Fed’s debate over its bond buying plan. They were not disappointed […]

  • Freddie Mac on Track For 25% More Loans This Year, Most of Them Refis
    by Jann Swanson on November 25, 2020 at 4:47 pm

    Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 25.7 percent in October compared to a 17.5 percent gain in September. The portfolio balance at the end of the period was $2.625 trillion compared to $2.579 trillion the prior […]

  • New Home Sale Refuse to Back Down From 14-year highs
    by Jann Swanson on November 25, 2020 at 4:25 pm

    Posted To: MND NewsWireSales of newly constructed single-family homes slipped slightly in October; the second month sales have declined. The U.S. Census Bureau and Department of Housing and Urban Development reported that the month’s sales were at a seasonally adjusted annual rate of 999,000, a […]

  • MBS Day Ahead: Unofficial Early Close Versus Fed Minutes That Could Matter
    by Matthew Graham on November 25, 2020 at 3:12 pm

    Posted To: MBS CommentaryHere it is! The trading community’s ONE guaranteed chance of the year for a 4.5-day weekend. Even though Wednesday is never officially designated as an “early close” by SIFMA, that’s often what it becomes in terms of volume and liquidity. The only reason that might not be […]

  • MLO, Ops Jobs; Doc, Sales, Broker Tools; Disaster Updates; Investors React to Freddie and Fannie Changes
    by Rob Chrisman on November 25, 2020 at 2:36 pm

    Posted To: Pipeline PressSecond only to the excitement of the new phone book coming, the new conforming loan limit is $548,250 for 2021 , up from $510,400 in 2020, and some investors reacted. (More below.) The limit will impact home buyers in a positive way. The spread of COVID-19 (based on 2 […]

  • Refi Applications Hit 7 Month Highs
    by Jann Swanson on November 25, 2020 at 2:21 pm

    Posted To: MND NewsWireRefinancing increased its already overwhelming dominance of the mortgage market during the week ended November 20. The Mortgage Bankers Association (MBA) said the refinancing share of mortgage applications topped 70 percent and refinancing accounted for most of the weeks […]