• Low Rates Could Mitigate Some COVID Damage
    by Jann Swanson on April 7, 2020 at 8:53 pm

    Posted To: MND NewsWireBlack Knight has done an early analysis of the potential impacts of the COVID-19 pandemic on the housing market . In our summary of the first part of their paper we looked at the condition of the housing market in the early part of the year, before the full extent of what […]

  • Forbearance Explosion Beginning to Hit Mortgage Market
    by Jann Swanson on April 7, 2020 at 8:37 pm

    Posted To: MND NewsWireHomeowners who are either already feeling the financial effects of COVID-19 or anticipate it will happen are being proactive in requesting help from their lenders . A survey conducted by the Mortgage Bankers Association among mortgage services found that requests for […]

  • After Blockbuster February, Home Prices Face Uncharted Territory
    by Jann Swanson on April 7, 2020 at 3:04 pm

    Posted To: MND NewsWireHome price gains accelerated for the fourth straight month in February with a 4.1 percent annual increase in the CoreLogic Home Price Index (HPI) The 12-month rate of appreciation in January was 4.0 percent. The company said home prices nationwide, including distressed sales, […]

  • Warehouse, Broker Products; Webinars Everywhere on Everything; Mr. Cooper’s Early Forbearance Figures
    by Rob Chrisman on April 7, 2020 at 1:10 pm

    Posted To: Pipeline PressIs there good news out there? You bet! Ying Ying and Le Le mated . That aside, Day 98 of captivity. We’ve all found out that really hot water and sudsy soap break down the protective outer layer of the virus. And I found out I have the most loving wife: Last night I […]

  • Why Have “Points” Made a Big Resurgence In The Mortgage Market?
    by Matthew Graham on April 6, 2020 at 8:55 pm

    Posted To: Mortgage Rate WatchThe most important ingredient in the mortgage market is the presence of homeowners–prospective or otherwise–with the means and desire to make monthly payments. That fact invites investors to earn solid, predictable returns with almost no risk. After all, most of the […]

  • Covid-Related Job Losses Hit Residential Construction
    by Jann Swanson on April 6, 2020 at 3:25 pm

    Posted To: MND NewsWireThe Jobless Claims Report and the Employment Situation Report and were both pretty devastating last week with more than 6 million new unemployment claims filed on top of 3 million the prior week and 701,000 jobs lost. The unemployment rate jumped nearly a full point to 4.4 […]

  • MBS Week Ahead: Is The Fed Really Buying Less Mortgage Debt This Week?
    by Matthew Graham on April 6, 2020 at 2:58 pm

    Posted To: MBS CommentaryHere’s this week’s Fed MBS Purchase Schedule . The daily amount is down from a recent peak of $50 bln to $25 bln . So does that mean the Fed is only going to buy half as much MBS as it was buying 2 weeks ago? And if so, why aren’t prices tanking? It’s important to keep in […]

  • Originator, CRM, AI, Recruiting Products; Processing Changes Continue
    by Rob Chrisman on April 6, 2020 at 1:07 pm

    Posted To: Pipeline PressTwas a rough night since today it’s garbage day. I was worrying all night, “What should I wear to take it out?” Jeannette M writes, “On January 1st I thought, ‘This is my year!’ By April 1st I’m wiping my a– with a coffee filter. […]

  • Black Knight’s Deep Dive on Housing, Mortgages, and COVID
    by Jann Swanson on April 3, 2020 at 5:49 pm

    Posted To: MND NewsWireBlack Knight has taken what will probably prove to be only their first in-depth analysis of the potential effects of the COVID-19 pandemic on the economy and specifically on the U.S. housing and mortgage markets. The paper looks at the current state of the market, key drivers […]

  • (Home) Building our Way out of Crisis
    by Jann Swanson on April 3, 2020 at 1:26 pm

    Posted To: MND NewsWireHome building might be the answer to more than just the housing shortage according to some information provided by Paul Emrath, economist for the National Association of Home Builders (NAHB). He maintains that it can also be a significant factor in rebuilding the economy once […]