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Real Estate News
MBS RECAP: Bond Market Pain Continues; Volatility Potential Only Increasing
Tue, 24 Apr 2018 20:56:09 GMT

Posted To: MBS CommentaryAfter yesterday's somewhat hopeful leveling-off in bond yields, today served to drive home the point that hope is futile and only bad things are going to happen forever and ever. Well, at least that's how it felt toda..[read more]

Mortgage Rates Push Farther Into 4-Year Highs
Tue, 24 Apr 2018 20:26:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved somewhat higher again today, thus pushing them farther into the highest levels in more than 4 years. This isn't the result of anything that happened today, but rather an ongoing process whereby the b..[read more]

Home Sales Unfazed by Spring Snow and Rising Rates
Tue, 24 Apr 2018 15:24:00 GMT

Posted To: MND NewsWireNew home sales continue to improve after grim reports in December and January. New home sales posted a solid gain in March, and revisions to the February data also resulted in a positive outcome during the month. Those sales, r..[read more]

FHFA: Current Run of Rising Home Prices Likely to Continue
Tue, 24 Apr 2018 14:32:45 GMT

Posted To: MND NewsWireBoth the Federal Housing Finance Agency (FHFA) and the S&P CoreLogic Case-Shiller reported on February home prices on Tuesday and both showed little moderation in the rate of appreciation. Case-Shiller's reported gains, in fact..[read more]

MBS Day Ahead: Don't Let 3.0% Make You Dumber
Tue, 24 Apr 2018 14:25:00 GMT

Posted To: MBS CommentaryYou won't be able to avoid "3% 10yr Treasury Yields" this week. For starters, 10's have already hit 3.0033% today, but simply being close seems to have everyone inside and outside the industry talking. As is often the..[read more]

TPO and Secondary Products; Lender Data Breach; New LIBOR Substitute
Tue, 24 Apr 2018 13:12:37 GMT

Posted To: Pipeline PressWhere should a lender reduce expenses? I received this note from STRATMOR’s Jeff Babcock. “In our numerous conversations with client mortgage origination companies regarding necessitous cost cutting, the target is..[read more]

MBS RECAP: Bonds Show Up, Break Stuff, And Then Just Walk Away
Mon, 23 Apr 2018 21:16:15 GMT

Posted To: MBS CommentaryHave you ever seen someone randomly do something fairly awful/hurtful/aggressive, offer no explanation or apology, and then just leave the scene? That was essentially what bond markets did today. Friday's already unpleasa..[read more]

NOW Mortgage Rates Are at 4-Year Highs
Mon, 23 Apr 2018 20:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved markedly higher today, officially leaving them at new 4-year highs. The only other time they've earned that distinction this year was in February--NOT last week as all the major surveys claimed. To b..[read more]

Freddie Mac Forecast: Lots of "Ifs" and "Buts"
Mon, 23 Apr 2018 18:09:14 GMT

Posted To: MND NewsWireFreddie Mac's economists say, "The broader economic environment remains favorable for home sales," but they add a lot of caveats to that statement . Sales are holding up so far, despite the increase in mortgage rates, but will ..[read more]

Existing Home Sales Beat Headwinds, Score Small Gains
Mon, 23 Apr 2018 14:56:58 GMT

Posted To: MND NewsWireExisting-home sales seemed to have reclaimed their footing, posting their second consecutive gain after two straight months of declines. The National Association of Realtors® (NAR) said March sales of single-family homes, t..[read more]

Events and Webinars; GDP Primer; Rates at 2014 Levels
Mon, 23 Apr 2018 13:12:15 GMT

Posted To: Pipeline Press“A billion here, a billion there, pretty soon, you’re talking real money,” was never actually uttered by Illinois politician Everett Dirksen. ("Oh, I never said that. A newspaper fella misquoted me once, and..[read more]

MBS Week Ahead: 10yr at 3%: The Most Overrated--Possibly Even Meaningless--Ceiling
Mon, 23 Apr 2018 13:03:44 GMT

Posted To: MBS CommentaryI'm going to be surly this week about the way the bond market is covered in the financial media. Many of the articles to which I take exception will appear in the live news stream on MBS Live and Mortgage News Daily. They..[read more]

MBS RECAP: Bonds Surge to Weakest Levels since 2014
Fri, 20 Apr 2018 21:14:06 GMT

Posted To: MBS Commentary10yr yields hit the highest levels in more than 4 years this afternoon as bigger-picture selling pressure looks to be taking the reigns back from the Springtime consolidation that helped rates hold steady-to-slightly lower in..[read more]

Mortgage Rates Quickly Approaching 4-Year Highs
Fri, 20 Apr 2018 18:18:00 GMT

Posted To: Mortgage Rate WatchLet's clear one thing up before we begin. Freddie Mac, MBA, and Ellie Mae all noted new 4-year highs in mortgage rates this week. They are all technically wrong. This has to do with the way their data is collected and/or..[read more]

Wells Fargo to Face Largest Fine Yet
Fri, 20 Apr 2018 13:27:34 GMT

Posted To: MND NewsWireOnce again Wells Fargo is about to pay dearly for its inability to walk the straight and narrow. The Washington Post , under the byline of Renae Merle, is reporting that the bank is about to be hit with the largest penalty of t..[read more]

MBS Day Ahead: If Rates Keep Moving Higher, It Could Still Be a Head Fake
Fri, 20 Apr 2018 13:20:58 GMT

Posted To: MBS CommentaryRates are in the midst of a serious, threatening move higher. Yesterday brought additional confirmation of the end of the friendly Springtime consolidation trend and it took us one step closer to the highest yields in more th..[read more]

MBA's Compliance Accreditation; Freddie and Fannie Changes Continue
Fri, 20 Apr 2018 13:18:50 GMT

Posted To: Pipeline PressDid you know that Wells Fargo gives more assistance and aid to people and communities through its Foundation than any other company in the United States. For example, “the Wells Fargo NeighborhoodLIFT program looks to t..[read more]

MBS RECAP: Bonds Add Exclamation Point to Yesterday's Breakout
Thu, 19 Apr 2018 21:03:41 GMT

Posted To: MBS CommentaryThe break outside what we'll call the "Springtime Consolidation" for bonds started taking shape as early as last week. On Thursday and Friday, yields hugged the upper boundaries of that trend, simultaneously shying away f..[read more]

Mortgage Rates Jump to Highest Levels in About a Month
Thu, 19 Apr 2018 20:35:00 GMT

Posted To: Mortgage Rate WatchMortgage rates jumped higher today as bonds continued a move away from narrow Springtime range seen in March and early April. Bonds dictate rate movement and yesterday saw the bond market make its first convincing attemp..[read more]

Weather Cools Remodeling Perceptions
Thu, 19 Apr 2018 18:57:59 GMT

Posted To: MND NewsWireThe Remodeling Market Index (RMI) is to home remodelers as the Housing Market Index (HMI) is to new home builders. Each is constructed by the National Association of Home Builders (NAHB) to reflect builder confidence in their p..[read more]

MBS Day Ahead: What Stock Lever? Bonds Tanking Without Any Help
Thu, 19 Apr 2018 13:51:09 GMT

Posted To: MBS CommentaryWe've been increasingly wary about a potential break of the recent consolidation/rally trend --the one that saw yields move sideways to slightly stronger from late Feb through early April. Yields tiptoed to the top of tha..[read more]

Rates on Closed Loans at 4 Year High
Thu, 19 Apr 2018 13:36:00 GMT

Posted To: MND NewsWireThe share of refinancing loans dropped to 38 percent of loans closed in March, down from 43 percent in February. Ellie Mae's Origination Insight Report for the month notes that the 5 percent decline in those loans was consisten..[read more]

Home Price Increases Outpace Income Gains - Again
Thu, 19 Apr 2018 13:32:00 GMT

Posted To: MND NewsWireFewer homes on the market are affordable than a year ago, and fewer households can afford them with their current income. The National Association of Realtors® (NAR) and the website have released a list of the l..[read more]

New Lender Products; Freddie and Fannie Updates; Rates Moving Higher
Thu, 19 Apr 2018 13:11:34 GMT

Posted To: Pipeline PressRumors continue to swirl about practically every lender out there, and exaggeration is rampant. A company eliminates low producing LOs in Arizona and suddenly the jungle drums are saying it is closing its Southwest division. ..[read more]

MBS RECAP: More Warning Shots From Bonds
Wed, 18 Apr 2018 20:49:56 GMT

Posted To: MBS CommentaryToday was a more serious version of the same sort of warning shots seen at the end of last week. At that time, bond yields rose to challenge an intermediate ceiling at 2.835%, but didn't go out of their way to break it. T..[read more]

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