• MBS RECAP: Timing of Today’s Volatility Could Create Some Opportunity
    by Matthew Graham on June 1, 2020 at 6:57 pm

    Posted To: MBS CommentaryThere’s no way to predict the future for rates and markets, but there are occasionally tactical opportunities. Today’s version involves lenders being forced to price rate sheets when MBS had just swung down to the lowest levels of the day. Prices have since bounced. If they […]

  • Builder Incentives Kept April Home Sales Strong
    by Jann Swanson on June 1, 2020 at 4:03 pm

    Posted To: MND NewsWireAs was reported last week, new home sales in April were much, much better than expected. There may or may not be a cause and effect going on here, but two recent posts in the National Association of Home Builders’ (NAHB’s) Eye on Housing blog indicate that builders are at […]

  • UI Takes a Deep Dive Into May’s Mortgage Market
    by Jann Swanson on June 1, 2020 at 3:16 pm

    Posted To: MND NewsWireThe Urban Institute (UI) releases a regular report, Housing Finance at a Glance , a “chartbook” loaded with charts and commentary on mortgage activity . Much of the May chartbook’s material, is retrospective, reaching back as far as Q4 2019 where there is a time lag in data […]

  • Processor, LO Jobs; Referral, Accounting Products; Webinars and Training
    by Rob Chrisman on June 1, 2020 at 12:56 pm

    Posted To: Pipeline PressI was speaking to a successful long-time real estate agent this weekend who is as busy as she’s ever been. Couples are weary of working from home in a one-bedroom apartment. In talking about families leaving the city, she observed, “No family wants to push an […]

  • MBS Week Ahead: Can Bonds Confirm The Breakout?
    by Matthew Graham on June 1, 2020 at 12:47 pm

    Posted To: MBS CommentaryA resilient performance at the end of last week means that bonds have easily staked a claim to a sideways range that’s been intact for more than 2 months now. We had been following a slightly negative trend in Treasuries (seen in the yellow lines below), but even that trend […]

  • Mortgage Rates Stage Nice Comeback, But Uncertainty Remains
    by Matthew Graham on May 29, 2020 at 9:50 pm

    Posted To: Mortgage Rate WatchMortgage rates staged a nice little comeback today, moving back toward the all-time lows seen late last week. Mortgage rates are determined primarily by the bond market, and the bond market benefited from strong demand at the end of the month. Higher demand means […]

  • Portfolio Monitoring, Non-QM, Corresp., Broker Products; Customer Satisfaction Survey
    by Rob Chrisman on May 29, 2020 at 1:12 pm

    Posted To: Pipeline PressHere’s something you can do for your friends, relatives, and borrowers, especially older ones: Remind them that the current batch of coronavirus relief payments are coming as VISA debit cards . Texas’ Larry C. reminded me that we’ve all unexpectedly […]

  • MBS Day Ahead: Bonds Look to Challenge Trend With Powell on Deck
    by Matthew Graham on May 29, 2020 at 12:52 pm

    Posted To: MBS CommentaryThe next Fed announcement is 1.5 weeks away and so it’s time to start ramping up expectations for the details of the Fed’s official QE announcement. But wait… Aren’t they buying a ton of bonds already? Indeed, the Fed continues purchasing both MBS and Treasuries in […]

  • April’s Forbearance Requests Slow to a Relative Trickle
    by Jann Swanson on May 29, 2020 at 12:36 pm

    Posted To: MND NewsWireBlack Knight says its research is showing that the numbers of new forbearance plans for homeowners financially affected by the COVID-19 pandemic have slowed to a trickle compared to the tidal wave in early April. Only 7,000 new plans were put in place during the week ended […]

  • Mortgage Rates Have Already Risen From All-Time Lows (But Only Slightly)
    by Matthew Graham on May 28, 2020 at 8:38 pm

    Posted To: Mortgage Rate WatchIt’s Thursday, and thus time once again for Freddie Mac’s weekly mortgage rate survey. This is the longest-running and most widely-cited snapshot of mortgage rates in the US, but it frequently results in misinformation for mortgage shoppers . The survey does an […]