Jerry Coleman
Remax Unlimited
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Real Estate News
LO Training and Conferences; Teams With Different Comp Plans?
Thu, 19 Jul 2018 13:13:49 GMT

Posted To: Pipeline Press“Rob, are you hearing, now that the CFPB is perceived to have lost its teeth, that some lenders are providing their loan officers two different rate sheets?” Unfortunately, yes, I am hearing that, but hopefully it..[read more]

Purchase Share and Interest Rates Creep up, Hit New Ellie Mae Highs
Thu, 19 Jul 2018 12:56:57 GMT

Posted To: MND NewsWireThe share of closed loans for home purchases ticked up another point in June, to 71 percent. While Ellie Mae has only tracked data since 2011, this represents a new high for those loans in the company's Origination Insight Repo..[read more]

MBS RECAP: Bonds Back at Range Boundary
Wed, 18 Jul 2018 21:44:30 GMT

Posted To: MBS CommentaryAfter holding the same sideways range since June 27th, 10yr Treasury yields finally knocked on the 2.88+ ceiling for the 2nd time (the previous attempt being July 3rd). But that's about as exciting as I can make today sou..[read more]

Mortgage Rates Flat Again, Despite Modest Market Weakness
Wed, 18 Jul 2018 20:57:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were flat again today, further prolonging a trend that's been in place for weeks. During that time, we've seen modest ups and downs, but no significant changes. To put the narrowness of the range in contex..[read more]

Millennial Homeownership Headwinds Worrisome for Future
Wed, 18 Jul 2018 20:29:13 GMT

Posted To: MND NewsWireIt is the largest generation in U.S. history and Millennials may also set a record as the one whose behaviors have been most heavily researched. Despite the hours of study and pails of ink, the direction the generation's member..[read more]

Housing Permits Soften, Starts Plummet
Wed, 18 Jul 2018 14:26:04 GMT

Posted To: MND NewsWireAll three measures of residential construction activity performed poorly in June , and the two most closely watched numbers, construction permits and housing starts, fell short of their June 2017 numbers. Despite the monthly an..[read more]

MBS Day Ahead: Bonds Increasingly Threatened by Momentum Shift; Powell Part 2
Wed, 18 Jul 2018 13:46:12 GMT

Posted To: MBS CommentaryFed Chair Powell will deliver round 2 of his congressional testimony today, this time at the House FSOC (yesterday was with the Senate Banking Committee). There's no reason to expect today's House session to be any mo..[read more]

Pricing, Efficiency, and Operations Products; California DRE Changes
Wed, 18 Jul 2018 12:53:53 GMT

Posted To: Pipeline Press“Your loan officer should be given the opportunity to succeed elsewhere.” Ever heard a CEO recommend that to a branch manager regarding a poorly performing LO? Here in San Francisco, at the Western Secondary Confe..[read more]

Mortgage Applications: Decline in Purchases Offset by Refinance Gains.
Wed, 18 Jul 2018 12:08:06 GMT

Posted To: MND NewsWireRefinancing made a tiny bit of a comeback during the week ended July 13. Both the Refinancing Index, a component of the Mortgage Bankers Associations (MBAs) Market Composite Index, and the share of applications that were for re..[read more]

MBS RECAP: Limited Reaction to Powell Testimony; Stocks
Tue, 17 Jul 2018 21:18:41 GMT

Posted To: MBS CommentaryFed Chair Powell fielded questions from the Senate Banking Committee today as a part of the 2-day semi-annual congressional testimony often referred to as the Humphrey Hawkins address. These testimonies have plenty of street ..[read more]

Same Old Story For Mortgage Rates
Tue, 17 Jul 2018 20:36:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were generally unchanged today, prolonging an exceptionally flat trend. Over the past 3 weeks, the average mortgage seeker will not have seen a change in the interest rate attached to their loan. Changes h..[read more]

Builder Confidence: Strong but Unchanged, Material Costs Rising
Tue, 17 Jul 2018 14:47:45 GMT

Posted To: MND NewsWireAs analysts had expected, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) remained at 68 this month. The reading still indicates a strong level of builder confidence in the new home marke..[read more]

Builders Heeding Advice to Go West. Or South
Tue, 17 Jul 2018 14:02:15 GMT

Posted To: MND NewsWireThe National Association of Home Builders (NAHB) has plucked more information from the Census Bureau's Survey of Construction (SOC), this time to paint a portrait of the state of residential permitting nationwide. Danushka Nana..[read more]

MBS Day Ahead: 2018 Rate Hike Odds Provide Backdrop For Powell Testimony
Tue, 17 Jul 2018 13:47:12 GMT

Posted To: MBS CommentaryFed Chair Powell begins 2 days of semi annual congressional testimony today with the Senate Banking Committee at 10am. In recent years, this testimony has devolved into laughable political theater, mostly. That said, today..[read more]

Sales and Broker Products; Freddie and Fannie Updates
Tue, 17 Jul 2018 12:52:10 GMT

Posted To: Pipeline Press“What can be asserted without evidence can also be dismissed without evidence.” While you ruminate on that one, there continues to be evidence and reminders that potential home buyers are having trouble coming up ..[read more]

MBS RECAP: Slightly More Active Than a Typical Summertime Monday
Mon, 16 Jul 2018 21:52:27 GMT

Posted To: MBS CommentarySummertime Mondays are notorious for light volume and seemingly random trading. Today was a slightly more active than normal in that regard, largely due to the presence of top tier data (Retail Sales) and a geopolitical event..[read more]

Mortgage Rates Edge Higher
Mon, 16 Jul 2018 20:11:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell to their lowest levels since late May as of last Friday. Today, then, would be the 2nd best day since late May. Rates edged slightly higher to begin the new week as bond markets (which underlie rates)..[read more]

MBS Week Ahead: Another Week, Another Chance to Run Same Old Play
Mon, 16 Jul 2018 13:05:26 GMT

Posted To: MBS CommentaryThis is the off-season for bonds, but they still have to show up for the game every day. The coaching staff (aka the traders turning the cogs of the underlying bond market) have been running the same play every day since June..[read more]

Broker Products; Blockchain Transaction; Input on DACA Loans
Mon, 16 Jul 2018 12:50:44 GMT

Posted To: Pipeline PressWhen Costco rolled out its mortgage option to members, many lenders were very concerned. But despite great potential, Costco/First Choice has not become the #1 lender in America. I heard something interesting last week: Costc..[read more]

Permit to Completion - Builder Timeline Depends on Where and Why
Mon, 16 Jul 2018 12:14:24 GMT

Posted To: MND NewsWireDespite complaints about labor, lot, and material shortages, builders needed no more time to build a home last year than they did in 2016. The time did increase compared to 2015 by about two weeks. Using data from the Census Bu..[read more]

MBS RECAP: Bonds Gain Despite Data Surprise and Stock Rally
Fri, 13 Jul 2018 20:23:26 GMT

Posted To: MBS CommentaryBefore any discussion about market movement in July, we have to set the stage with some disclaimer about "slow summertime trading." That was the subject of this morning's commentary ( read it here , if you like). With tha..[read more]

Lowest Rates Since May, But There's a Catch
Fri, 13 Jul 2018 18:55:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell by an observable amount today-- one of the few times they've done so in recent weeks. Technically, today's average lender is offering the best we've seen since May 31st. That sounds pretty great, righ..[read more]

MBS Day Ahead: Get Used to Coconuts, Probably
Fri, 13 Jul 2018 14:20:28 GMT

Posted To: MBS CommentaryI know I made a Looney Tunes reference last week, but another one is in order. For those that aren't familiar, Yosemite Sam is stranded on a desert island and sits down to a smorgasbord of coconuts, prepared in various wa..[read more]

Construction, Warehouse Products; Free LO Comp Webinar; Shifting UW Criteria
Fri, 13 Jul 2018 12:58:39 GMT

Posted To: Pipeline PressEvents and Training Don't miss out on the Lenders One 2018 Summer Conference in Salt Lake City, Utah, August 5-8, at The Grand America. In an age of disruption, it's never been more important to learn from peers and industry ..[read more]

Mortgage Rates Still Can't Find Inspiration
Thu, 12 Jul 2018 21:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates stood a very decent chance to experience the highest volatility of the week today thanks to the most important economic data of the week being released this morning. The Consumer Price Index (CPI) is the m..[read more]

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