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Modest Uptick in Refinancing After Modest Drop in Rates
Wed, 29 Jul 2015 13:09:41 GMT

Posted To: MND NewsWirePerhaps consumers viewed the recent retreat in rates as their last chance to refinance before the Fed starts ratcheting up rates - maybe today, maybe in September, but mortgage applications, especially for refinancing, increase..[read more]

MBS Day Ahead: Last FOMC Meeting Before Rate Hike Becomes Real Risk
Wed, 29 Jul 2015 11:33:38 GMT

Posted To: MBS CommentaryAlthough Pending Home Sales will be out this morning at 10am, and although that's fairly interesting data in its own right, today's broader market focus will most assuredly be on the FOMC. Today's Fed announcement..[read more]

MBS RECAP: As Far as Down Days Go, Not Too Bad
Tue, 28 Jul 2015 21:43:24 GMT

Posted To: MBS CommentaryMBS ended the day in slightly weaker territory, and they did so in about the gentlest possible way . The domestic session began with trading levels in much weaker territory after Treasury yields rose somewhat significantly ov..[read more]

Mortgage Rates Finally Buck Trend
Tue, 28 Jul 2015 21:43:00 GMT

Posted To: Mortgage Rate WatchMortgage rates bucked the recent trend of steady, modest improvements to end just slightly higher today. That said, the move was just as small as most recent examples, and barely returns most lenders to last Friday's rat..[read more]

Homeownership Continues Dismal Decline; Rentals Soar
Tue, 28 Jul 2015 18:29:31 GMT

Posted To: MND NewsWireHomeownership declined yet again in the second quarter of 2015. The Census Bureau said that the national rate dropped from 63.7 percent in the first quarter to 63.4 percent in the second and was more than a point down from the ..[read more]

MBS MID-DAY: There's a Bright Side to Today's Bond Market Weakness
Tue, 28 Jul 2015 15:24:26 GMT

Posted To: MBS CommentaryBond markets pulled back overnight on a combination of global stock market stability and European data. Selling pressure remained this morning as corporate debt issuance is active. (That means that firms that were planning on..[read more]

Home Price Gains More Likely to Slow
Tue, 28 Jul 2015 14:42:12 GMT

Posted To: MND NewsWireHome price data from S&P Dow Jones Indices was mixed for May. All three of the Case-Shiller measures, the National Index and the 10-City and 20-City Composites increased from May 2014 but the year-over-year increases were about..[read more]

CFPB Personnel Moves; Why Millennial's Rent is the LO's Best Friend
Tue, 28 Jul 2015 14:29:34 GMT

Posted To: Pipeline PressFederal agencies have issued the final standards in regards to Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We will see more regulators and regulations as Section 342 mandates each fed..[read more]

MBS Day Ahead: Pull Back is Coming; Size Matters
Tue, 28 Jul 2015 11:33:25 GMT

Posted To: MBS CommentaryWhen bond markets have strung together as many winning days as they have recently (or even when they've seen this many consecutive days without any noticeable selling pressure) it's only a matter of time before they p..[read more]

MBS RECAP: For Steady Bond Rally, Reasons Shift, but Results Remain
Mon, 27 Jul 2015 21:48:27 GMT

Posted To: MBS CommentaryBond markets continued their recent trend of moderate improvement today. As has been more commonly the case, Treasuries outperformed MBS, but only slightly. Both were at their best levels since early July. As for motivations ..[read more]

Mortgage Rates Continue Pushing July Lows
Mon, 27 Jul 2015 20:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued modestly lower for the 5th straight day, further extending Friday's push to the lowest levels of July. Even so, most borrowers will see the same rates on lenders quotes, with the improvements in ..[read more]

More States, Metros Exceed Pre-Crash Price Peaks
Mon, 27 Jul 2015 17:10:56 GMT

Posted To: MND NewsWireAnother report shows home price values in May close to, if not exceeding, those prior to the housing crisis. The latest, from Black Knight Financial Services, shows that home prices in the U.S. increased by 1.1 percent from Apr..[read more]

Strong Dollar Deterring Foreign Home Buyers
Mon, 27 Jul 2015 17:03:00 GMT

Posted To: MND NewsWireWhile home sales are sailing, recently closing in on numbers last seen before the Great Recession, CoreLogic Senior Economist Frank Nothaft, points out that one group of buyers is sitting on the sidelines . Foreign buyers have ..[read more]

MBS MID-DAY: Bond Markets Hold Moderate Overnight Gains as Stocks Sell
Mon, 27 Jul 2015 16:10:38 GMT

Posted To: MBS CommentaryS&P futures were well-connected with overnight Treasury trading as global weakness set the tone early. Chinese stocks are back in the news with another massive drop to kick off the week's trading. The Chinese government a..[read more]

Flood Insurance News; VA Changes; Jumbo Trends
Mon, 27 Jul 2015 13:59:58 GMT

Posted To: Pipeline PressThe MBA's "Chart of the Week" earlier this month noted that the ARM share of mortgage applications had increased to 7 percent. This is the highest level since December of 2014, with the highest ARM share reaching 36.6 percent..[read more]

MBS Week Ahead: Important Week in Determining Longer-Term Outlook
Mon, 27 Jul 2015 11:33:24 GMT

Posted To: MBS CommentaryThe last 2 weeks have been woefully uneventful and moderately positive for bond markets. Each week saw modest losses on Monday and gains on each subsequent day. Not only were these two weeks similar to one another, but the bl..[read more]

Mortgage Rates Trickle Down to July Lows
Fri, 24 Jul 2015 21:32:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged for an impressive 7th straight day. Refreshingly, all but one of those days have seen rates budge slightly lower. In fact, today's budging was just enough to get the average rate to the lowes..[read more]

MBS MID-DAY: Holding Ground Uneventfully Despite Weakness in Stocks
Fri, 24 Jul 2015 17:16:35 GMT

Posted To: MBS CommentaryI'll be the first to tell you that bond yields don't always follow stocks . Indeed, explicating their complicated relationship was the whole point of yesterday morning's commentary . With yesterday being a big day..[read more]

Vendor & MI updates; FDIC's Banamex Civil Penalty; Moody's Admits Error
Fri, 24 Jul 2015 15:28:31 GMT

Posted To: Pipeline PressUnderwriting is teamwork, and teamwork is the fuel that allows common people to achieve uncommon results, provided they don't mind you calling them "common people". MBA's July 10 th chart of the week highlights retail mortgag..[read more]

No Joy in New Home News
Fri, 24 Jul 2015 14:56:24 GMT

Posted To: MND NewsWireThe report this morning on June new home sales blunted much of the optimism generated by yesterday's news about existing home sales. The Census Bureau and the Department of Housing and Urban Development jointly reported that ne..[read more]

MBS Day Ahead: What if 2015 Doesn't Turn Out to be The Big Bounce?
Fri, 24 Jul 2015 11:33:21 GMT

Posted To: MBS CommentaryWhat if it's all not enough--the multiple iterations of QE at home, ongoing QE abroad, ultra low rates for longer than they've ever been ultra low, and a generally consumer-friendly inflation environment, among other ..[read more]

Mortgage Rates Grind Out Another Small Victory
Thu, 23 Jul 2015 22:15:00 GMT

Posted To: Mortgage Rate WatchMortgage rates are looking like they've exhausted the playbook in terms of making big moves down the field, yet they continue to pick up a few yards every play. Today was one of the less effective recent examples. More t..[read more]

MBS RECAP: Strong Data No Match for Global Growth Concerns
Thu, 23 Jul 2015 22:00:08 GMT

Posted To: MBS CommentaryJobless Claims were exceptionally strong this morning, coming in low enough for such cute headline phrases as "lowest since 1973." True, the number is indeed as low as it's been since 1973, but--well, there are so many "b..[read more]

Good News but Old Story, Foreclosures Down Again
Thu, 23 Jul 2015 19:29:18 GMT

Posted To: MND NewsWireWhile it is certainly good news we wish we could find a new and more interesting way to say it. Nonetheless, foreclosure activity has declined again , this time as reflected in June "first look" data from Black Knight Financial..[read more]

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