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Mortgage Credit Availability Continues to Decline
Thu, 05 May 2016 13:49:02 GMT

Posted To: MND NewsWireNew programs offering low downpayment options for GSE loans weren't enough to compensate for more stringent jumbo loan standards in April. This resulted, the Mortgage Bankers Association (MBA) said on Thursday, in a decrease in..[read more]

Flood Insurance Update; What's New with Fannie & Freddie?
Thu, 05 May 2016 13:45:44 GMT

Posted To: Pipeline PressMay is Older Americans Month. Underwriters probably know that about 21% of the labor force is comprised of men 65 and older and only 13.5% of women in the same age range. 79% of older Americans owned their homes as of fourth ..[read more]

MBS Day Ahead: Let's Step Back and Examine the BIG Picture
Thu, 05 May 2016 13:07:16 GMT

Posted To: MBS CommentaryBonds haven't been moving directionally in the big picture Unless that direction is "sideways" Let's take a step back and observe "the triangle" We've been following the same, normal, mostly useful bond market tec..[read more]

MBS RECAP: Bonds Quietly Confirming Positive Momentum
Wed, 04 May 2016 21:36:39 GMT

Posted To: MBS CommentaryVery little movement overnight across multiple asset classes ADP helped bonds slightly out of the gate Tradeflows and late-morning economic data made a dent, but bonds recovered Modest gains keep technical momentum intact Tod..[read more]

Mortgage Rates Fall for 6th Straight Day
Wed, 04 May 2016 21:03:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower for the 6th day in a row today, bringing them in line with the best levels in more than a month. It should be noted, however, that the first half of April was almost perfectly flat in terms of ..[read more]

Trended Credit Data: Hope or Hype?
Wed, 04 May 2016 17:36:09 GMT

Posted To: Community CommentaryFannie Mae’s Desktop Underwriter (DU) Version 10.1 kicks in June 25th, and has several changes that will significantly impact borrowers’ loan approvals. One of the biggest changes is the rollout of Trended C..[read more]

Why was Jerry's Rate so Much Lower?
Wed, 04 May 2016 17:26:26 GMT

Posted To: Community CommentaryA primer to the misunderstood factors that determine Jerry’s (and Shawn’s, and your) interest rates... The excitement in Shawn’s voice was palpable. He called me based on his friend Jerry’s recom..[read more]

MBS Day Ahead: Waiting on ISM For Indication on Sensitivity to Data
Wed, 04 May 2016 13:56:47 GMT

Posted To: MBS CommentaryBigger picture: bonds consolidating inside March/April range Technicals all turning bullish, today is important confirmation Data sensitivity is a bit of a mystery; ISM could help confirm The longer you've been following ..[read more]

Freddie Posts First Loss since 2012
Wed, 04 May 2016 13:11:34 GMT

Posted To: MND NewsWireFreddie Mac said today that the company had a net loss in the first quarter of 2016, the first time in four years that it has failed to show a profit. The company posted a $354 million net loss and a $200 million comprehensive ..[read more]

Bank Numbers Falling; M&A Role in Jumbo Biz; Another Credit Union Acquisition
Wed, 04 May 2016 13:06:19 GMT

Posted To: Pipeline PressMost people hate getting older, but during the month of May getting older is how you get into the party. May is Older Americans Month where it is a time to celebrate those 65 and older through ceremonies, events and public re..[read more]

Mortgage Apps Fall as Rates Edge Higher
Wed, 04 May 2016 12:55:34 GMT

Posted To: MND NewsWireAverage contract mortgage interest rates inched up again during the week ended April 29 and mortgage application activity slowed in response. The Mortgage Bankers Association said its Market Composite Index, a measure of mortga..[read more]

MBS RECAP: Bonds Reenter Previous Range Once More, With Feeling
Tue, 03 May 2016 21:01:24 GMT

Posted To: MBS CommentaryGains were intact from the overnight session massive losses in European bank stocks set the tone Yes, Australia cut rates, but it wasn't much of a consideration Bonds broke back into the previous range, with technicals tu..[read more]

Mortgage Rates Fall to 2-Week Lows
Tue, 03 May 2016 21:01:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower again today as stock markets tumbled. The weakness in stocks was led by the European banking sector with several big names falling roughly 8 percent! Although mortgage rates in the US are by no..[read more]

March Home Prices Surge 6.7 Percent Year-Over-Year
Tue, 03 May 2016 14:43:50 GMT

Posted To: MND NewsWireCoreLogic released the first of the major home price estimates for March on Tuesday. The company's Home Price Index (HPI) estimates for both January and February were substantially higher both month over month (0.4 to 0.7 perce..[read more]

SoFi's Capital Raise; A Glance at Millennials; UK Parents Lend More Than Most Banks!
Tue, 03 May 2016 14:38:29 GMT

Posted To: MND NewsWireChange is all around us. The Wall Street Journal reports that the CFPB plans to bring the largest online lending platforms under its supervision by 2017. In the primary markets LendingClub said it expects loan losses on its loa..[read more]

MBS Day Ahead: Markets Contemplate Fate Amid Dearth of Domestic Data
Tue, 03 May 2016 14:02:36 GMT

Posted To: MBS CommentaryBond markets threatened to bounce weaker yesterday concern was that new month tradeflows were just the start of more selling hope was that it was just profit-taking on month-end bets Technicals now looking good again hoping t..[read more]

MBS RECAP: Bonds Shy Away From Firm Confirmation of Shift
Mon, 02 May 2016 20:59:16 GMT

Posted To: MBS CommentaryBonds had a chance to confirm the start of a new trend today Instead, they stayed on last week's fence Could be bad, could be nothing ISM Prices Paid hurt us more than headline helped Perhaps it's just a Monday thing ..[read more]

Mortgage Rates Slightly Lower Despite Market Weakness
Mon, 02 May 2016 20:26:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved just slightly lower today, despite the fact that bond markets were suggesting a move in the other direction. Mortgage rates are primarily determined by the prices of mortgage-backed-securities (MBS),..[read more]

Price Increases Muting Interest Rate Affordability
Mon, 02 May 2016 17:28:32 GMT

Posted To: MND NewsWireAny benefits to affordability delivered by recent improvements in interest rates have been significantly downgraded or even erased by home price increases. Black Knight Financial Services said in its March Mortgage Monitor that..[read more]

Construction Spending Dips but Multi-Family Stays Strong
Mon, 02 May 2016 17:16:51 GMT

Posted To: MND NewsWireOverall construction spending rose 0.3 percent in March to a seasonally adjusted annual rate of $1.14 trillion compared to $1.13 trillion in February. The Census Bureau said this is 8.0 percent higher than spending in March 201..[read more]

CFPB Addresses Bankruptcy; What MI Company Earnings Tell Us - Will Arch Buy a Competitor?
Mon, 02 May 2016 14:21:16 GMT

Posted To: Pipeline PressDo mortgage loan originators think that they can’t go to prison for something they did ten years ago? They'd better think again . And let's not forget that the CFPB has made it clear that it has the right to hold origin..[read more]

MBS Day Ahead: Bonds Hoping to Confirm Last Week's Potential Shift
Mon, 02 May 2016 13:32:38 GMT

Posted To: MBS CommentaryTechnicals were looking good late last week But some risk that month-end trading was painting a rosy picture we'll find out this week! Last week marked the first convincing attempt on the part of the bond market to break ..[read more]

MBS RECAP: Month-End Buying Boosts Bond Markets
Fri, 29 Apr 2016 20:41:18 GMT

Posted To: MBS CommentaryEuropean traders were month-end sellers, pushing rates higher overnight US bond markets battled back during the domestic session Treasuries were green at the 3pm close and MBS are still green, barely Not much impact from econ..[read more]

Mortgage Rates End Week at Lows
Fri, 29 Apr 2016 20:16:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved just slightly lower in most cases, to end the week at the best levels since April 19th. Mor importantly, the past 3 days of improvements go a long way toward defeating a worriesome trend toward highe..[read more]

Does The Bank of Mom and Dad Help Homeownership?
Fri, 29 Apr 2016 15:29:11 GMT

Posted To: MND NewsWireDoes a financial boost from mom and dad make it more likely a young person will buy a home? It depends. And that might change. Those statements are more or less the bottom line from a working paper prepared by three University ..[read more]

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