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Real Estate News
MBS RECAP: Trade Headlines Stealing Thunder From Heavy Hitters
Tue, 10 Dec 2019 22:15:12 GMT

Posted To: MBS CommentaryLast week saw an apparently important jobs report ATTEMPT to have a lasting impact on financial markets only for the move to be completely erased by this morning. Labor market data was already a bit of an outcast owing to its..[read more]

Mortgage Rates Slightly Higher Ahead of Fed Announcement
Tue, 10 Dec 2019 21:14:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved up modestly today as bond markets weakened in response to trade headlines. This week's key consideration on the trade front is whether or not the planned December 15th tariff increase is delayed, can..[read more]

Home Purchase Sentiment Rebounds to Near Record Highs
Tue, 10 Dec 2019 15:55:13 GMT

Posted To: MND NewsWireAfter a steep dive in October, America's attitude toward buying a home is on the rise again. Positive answers to the question of whether it is a good time to buy on Fannie Mae's November National Housing Survey rose 11 percenta..[read more]

Automation, Marketing Tools; Shift in Evaluating Credit
Tue, 10 Dec 2019 14:26:23 GMT

Posted To: Pipeline PressIf you knew the value of the house was going to decline, or that the borrower has bad credit and would default, would you make the loan? There’s always a debate about how best to determine creditworthiness based on past..[read more]

MBS Day Ahead: Still Waiting on Bigger Potential Market Movers
Tue, 10 Dec 2019 13:33:49 GMT

Posted To: MBS CommentaryIn the grand scheme of things, today will likely be another placeholder of a day unless some unexpected (and fairly significant) trade war update happens to come out. That leaves the afternoon's 10yr auction as the only m..[read more]

Mortgage Rates Snap Back to Lower Levels
Mon, 09 Dec 2019 19:58:00 GMT

Posted To: Mortgage Rate WatchMortgage rates reacted somewhat harshly to an incredibly strong jobs report last Friday. At the time, I noted that such a jobs report would typically have done much more damage to rates, but that the current environment ..[read more]

FHA's Mortgage Insurance Fund Improvement Has Come a Long Way
Mon, 09 Dec 2019 18:11:49 GMT

Posted To: MND NewsWireThe Federal Housing Administration (FHA) released its annual Report to Congress several weeks ago, reporting significant improvement in its Mutual Mortgage Insurance (MMI) Fund. Late last week Brian D. Montgomery, FHA Commissio..[read more]

Lots of Refinancing, So Why Are Servicers Losing Business?
Mon, 09 Dec 2019 14:49:54 GMT

Posted To: MND NewsWireBlack Knight continues to review, in its new Mortgage Monitor , how the effects of nearly a year of lower interest rates have ricocheted throughout the industry. This month's Monitor looks both at loan data from October and fro..[read more]

Investor and Lender FHA & VA Changes; Marketing and Cloud Products
Mon, 09 Dec 2019 14:24:15 GMT

Posted To: Pipeline PressWith the Fed content with rates hovering here for the foreseeable future , lenders can focus on other things. "Rob, are you hearing that real estate agents are nervous about Zillow's business moves?" Of course. There are a lo..[read more]

MBS Day Ahead: Last Serious Trading Week of 2019
Mon, 09 Dec 2019 14:07:29 GMT

Posted To: MBS CommentaryIt's been almost exactly 3 months since the quick rate spike in early September. That, of course, followed an impressive run to the lowest rates in more than 3 years in August. The combination of those long-term lows and ..[read more]

MBS RECAP: NFP Swings For Fences, But Still Comes Up Short
Fri, 06 Dec 2019 20:30:52 GMT

Posted To: MBS CommentaryThis morning's commentary was titled "NFP Doesn't Matter (Even If It Looks Like It Does)." Apparently NFP didn't like being called out because it did everything in its power to prove me wrong. Ultimately though, i..[read more]

A Jobs Report This Strong Usually Does Much More Damage to Mortgage Rates
Fri, 06 Dec 2019 18:45:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were pushed higher for the 3rd day in a row following an incredibly strong jobs report. For decades, if you were to ask anyone with a reasonable level of experience following rates/bonds to pick one econom..[read more]

Loan Characteristics Mostly Account for Conforming/Jumbo Spread
Fri, 06 Dec 2019 16:56:49 GMT

Posted To: MND NewsWireFor many years homebuyers looking for homes priced above entry level employed every device they could to keep their loan amount below whatever might be the current limit for conforming (Fannie Mae, Freddie Mac) loans. It might ..[read more]

LO Jobs; Budgeting Tools; Why You Should Care About Trade and Tariffs
Fri, 06 Dec 2019 13:53:17 GMT

Posted To: Pipeline PressI hope that you didn’t lay off your compliance department earlier this year, because there’s a lot going on. For example, from out of California comes the CCPA, effective in less than four weeks on 1/1/20. Susan M..[read more]

MBS Day Ahead: NFP Doesn't Matter (Even If It Looks Like It Does)
Fri, 06 Dec 2019 13:31:53 GMT

Posted To: MBS CommentaryFirst Friday of the month, and thus time for the nonfarm payrolls (NFP) data. Also known simply as "the jobs report," no other piece of economic data has as much of a track record of inspiring massive market movement. But in ..[read more]

MBS RECAP: NFP's Stolen Thunder
Thu, 05 Dec 2019 22:41:51 GMT

Posted To: MBS CommentaryAfter the little bout of whipsaw volatility of the past 3 trading sessions, it will be a tall order for even the mighty NFP to move markets much tomorrow (as long as it's not insanely far from the forecast). Thank the tra..[read more]

Mortgage Rates Snap Back to 3-Week Highs
Thu, 05 Dec 2019 20:56:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have seen a fair amount of volatility so far this week, dropping quickly on Tuesday and moving in the opposite direction since then. Between yesterday and today, that big drop from earlier in the week has ..[read more]

October's Increases Suggest a Reversal in Home Price Slump
Thu, 05 Dec 2019 18:13:51 GMT

Posted To: MND NewsWireAfter slowing for 17 months, home price gains rose 3.8 percent in July and then held nearly flat in August according to Black Knight's Home Price Index. Now the first tranche of price data for October seems to indicate a rapid ..[read more]

Access to Government Backed Mortgages Finally Improves
Thu, 05 Dec 2019 15:35:34 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) moved significantly higher in November, gaining 2.1 percent compared to October. The index measures borrower access to mortgage credit and has..[read more]

Workflow, Webinar, Just-Missed Products; Vendor News; Rates Steady
Thu, 05 Dec 2019 15:33:30 GMT

Posted To: Pipeline PressIn the lending world, folks are talking about the change in FHA loan levels . Economists and investors have their eye on debt. Have a balance on your credit card? Or a mortgage, or car loan? You're not alone. Federal, corpora..[read more]

MBS Day Ahead: Bonds Have Forgotten All About Tuesday's Trade Drama
Thu, 05 Dec 2019 14:48:22 GMT

Posted To: MBS CommentaryBonds took Trump at his word in the wee hours of Tuesday morning with respect to waiting until Nov 2020 (or later) to finalize a trade deal with China. I suggested that was a silly thing to do at the time because not only was..[read more]

MBS RECAP: Bonds at The Whim of Trade Headlines
Wed, 04 Dec 2019 21:28:54 GMT

Posted To: MBS CommentaryBonds sold off clearly and somewhat abruptly following a Bloomberg article on the trade negotiations being in better shape than markets might assume based on the previous day's trade headlines (which were also the biggest..[read more]

Mortgage Rates Near Recent Lows Despite Moving Up Today
Wed, 04 Dec 2019 20:29:00 GMT

Posted To: Mortgage Rate WatchMortgage rates dropped sharply yesterday after having risen to the highest levels in 2 weeks the day before. Yesterday's culprit was trade war related, but today had a more robust calendar of potentially market moving da..[read more]

FHA 2020 Loan Limits Set
Wed, 04 Dec 2019 19:43:02 GMT

Posted To: MND NewsWireFederal Housing Administration (FHA) Commissioner Brian D. Montgomery has announced the loan limits for FHA forward mortgages in 2020. The limits are based on the conforming loan limis announced last week by the Federal Housing..[read more]

Housing Construction too Slow for Growing Population of Millennials
Wed, 04 Dec 2019 17:40:18 GMT

Posted To: MND NewsWireThere is widespread industry concern that new homes and apartment buildings are not being constructed fast enough to keep up with demand and now the National Association of Home Builders (NAHB) says there is a mismatch between ..[read more]

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