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CFPB Hits Flagstar Bank with First Servicer Rule Enforcement
Tue, 30 Sep 2014 17:32:50 GMT

Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) came down hard on Michigan-based Flagstar Bank both legally and verbally as it issued the first enforcement action under its new mortgage servicing rules which went into effect in..[read more]

MBS MID-DAY: Bond Markets Rebound With Help From Europe, Stocks, and Month-End
Tue, 30 Sep 2014 16:38:16 GMT

Posted To: MBS CommentaryThe relevance of month/quarter-end trading considerations isn't limited to the US Treasury market. Month-end for German bond markets (the largest in Europe, and the Eurozone benchmark) saw a strong rally beginning at 6:15..[read more]

Buybacks, Disparate Lending, Indemnifications; Flagstar's CFPB Fine
Tue, 30 Sep 2014 15:00:02 GMT

Posted To: Pipeline PressHow did we arrive at the end of the 3 rd quarter so quickly? It has been filled with legal news about the financial services sector right up to the very end. Former Federal Reserve Chairman Ben Bernanke and ex-Treasury secret..[read more]

Case Shiller notes "Significant Slowdown" in Home Price Gains
Tue, 30 Sep 2014 14:48:14 GMT

Posted To: MND NewsWireThere was what the S&P/Case-Shiller Home Price Indices called "a significant slowdown in price increases in July S&P Dow Jones Indices said today. Nineteen of the 20 cities in the survey saw a lower year-over-year gain in July ..[read more]

MBS Day Ahead: Month/Quarter-End Considerations; Not Expecting Much From Data
Tue, 30 Sep 2014 11:32:48 GMT

Posted To: MBS CommentaryIt continues to be the case that economic data is guilty until proven innocent. The crime? Not being very relevant in terms of market movement compared to past precedent. This is no victimless crime either! Those of us who wa..[read more]

MBS RECAP: Bond Markets Erased Friday's Losses Early and Never Looked Back
Mon, 29 Sep 2014 20:51:12 GMT

Posted To: MBS CommentaryBond markets were in the throes of a late overnight session rally by the time the domestic session began. The rally began at 6:30am Eastern time and continued steadily, with no regard for economic data , until 9am. The day es..[read more]

Mortgage Rates Near 3-Week Lows
Mon, 29 Sep 2014 19:19:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell at a healthy pace today, bringing them to the lowest levels since September 9th. Gains in bond markets help rates move lower and bond markets were stronger right from the outset today on a combination..[read more]

MBS MID-DAY: Bond Markets Calmly Holding Strong Overnight Gains
Mon, 29 Sep 2014 16:24:01 GMT

Posted To: MBS CommentaryMBS and Treasuries are both in distinctly stronger territory today after an overnight rally that reached it's zenith by 9am. There are quite a few factors to credit for the strength. In no particular order, these include:..[read more]

Investor Pull-Back hits Pending Home Sales
Mon, 29 Sep 2014 14:52:34 GMT

Posted To: MND NewsWirePending home sales declined slightly in August, mirroring a similar pull-back in existing home sales announced last week. The National Association of Realtors® (NAR) said today that its Pending Home Sale Index (PHSI) for Au..[read more]

RESPA-TILA and Other Events This Week; A Primer on Extending Rate Locks
Mon, 29 Sep 2014 14:23:13 GMT

Posted To: Pipeline PressIs it against the law for an employer to provide an employee with better-than-market rates? KPMG hopes not . And the only thing I could find employer-assisted mortgage programs (EAMs) from the government was published by the ..[read more]

MBS Day Ahead: Busy Week Likely The Stage For The Next Big Move
Mon, 29 Sep 2014 11:43:03 GMT

Posted To: MBS CommentaryAfter September's big move higher in rates cooled off, we've been left in limbo , to some extent. There certainly hasn't been a painful continuation to higher rates, but we've had some trouble breaking much lo..[read more]

MBS RECAP: Bond Markets May Have Lost Ground, But They Had a Great Day
Fri, 26 Sep 2014 21:20:04 GMT

Posted To: MBS CommentaryIn case you missed it, today saw one of the biggest ever market reactions to a personnel announcement. Get caught up HERE if you like. There is no question and no debate over the fact that this was the only salient market mov..[read more]

Mortgage Rates Just Barely Higher Today; Lower This Week
Fri, 26 Sep 2014 20:17:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose just slightly today, but the move was so small that some lenders are unchanged or even a bit better than yesterday. On top of that, the week has been a calm one, resulting in modestly lower rates than..[read more]

Millennials may be Homebuying Generation After all
Fri, 26 Sep 2014 19:41:40 GMT

Posted To: MND NewsWireStudy after study has shown that Millennials - that generation of Americans currently between the ages of 18 and 34 - are becoming homeowners at rates way below that of earlier generations at the same age. Now Zillow has releas..[read more]

Path of Economy Critical to Big Picture for Mortgages
Fri, 26 Sep 2014 19:34:20 GMT

Posted To: MND NewsWireBank of America/Merrill Lynch says its official outlook for the economy is neither that of a Bull forecasting a cyclical surge or a Bear's view of secular stagnation. Rather, the company says it is looking for a low growth reco..[read more]

MBS MID-DAY: Yes, The PIMCO/Gross News is Really Moving Markets
Fri, 26 Sep 2014 17:33:54 GMT

Posted To: MBS CommentaryGDP came in this morning at a whopping +4.6%, so bond markets are losing ground due to the strong economic data, right? Wrong... Bond markets moved this morning because the Founder and CEO of the world's largest bond fund..[read more]

CAN-SPAM Primer; Nevada's HOA Ruling has Major Implications; USDA Map Update; Vendor Updates
Fri, 26 Sep 2014 14:44:33 GMT

Posted To: Pipeline PressI don't know what you earn on your savings in the bank, but I earn about 0%. I think plenty of others do as well, and plenty of others are thinking that they may-as-well help someone out with it. The National Association of R..[read more]

MBS Day Ahead: Will GDP Buck Trend of Inconsequential Econ Data?
Fri, 26 Sep 2014 11:34:07 GMT

Posted To: MBS CommentaryWill GDP finally be the piece of economic data that actually moves markets? No... but it might play that role on TV. I'm serious actually. Markets are very likely going to go where they're going to go today regardless..[read more]

MBS RECAP: Stocks and Europe Help US Bond Markets Battle Back
Thu, 25 Sep 2014 21:16:11 GMT

Posted To: MBS CommentaryYesterday's sell-off was somewhat disconcerting as it raised the possibility that the push back against September's weakness had run out of steam. Today was a relief then, in that MBS and Treasuries proceeded to their..[read more]

Mortgage Rates Back to Recent Lows
Thu, 25 Sep 2014 19:55:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell back in line with recent lows after a disconcerting move higher yesterday. In general, rates are still in the process of battling back from their worst few weeks of the year. Weakness during the first..[read more]

One Million Homeowners Gained Equity in Q2
Thu, 25 Sep 2014 19:14:43 GMT

Posted To: MND NewsWireU.S. homeowners gained or regained more than $1 trillion in equity over the year that ended on June 30, 2014. According to Core-Logic's 2nd quarter 2014 analysis, 44 million homes in the country now have positive equity, a gain..[read more]

Major Delinquency Metrics Turned Higher in July
Thu, 25 Sep 2014 18:56:32 GMT

Posted To: MND NewsWireMortgage delinquencies jumped in August , a 5 percent increase which sent the rate to its highest level since February. At the same time, foreclosure starts declined for the first time in five months, dropping 10 percent from J..[read more]

Ginnie Mae Contemplates MBS Evolution
Thu, 25 Sep 2014 18:54:05 GMT

Posted To: MND NewsWireAt its second annual summit for stakeholders on Monday the Government National Mortgage Association (Ginnie Mae) issued a policy paper detailing how it intends to meet the challenges it currently confronts in the aftermath of t..[read more]

Sales Skewed Toward Higher Priced Homes
Thu, 25 Sep 2014 18:35:46 GMT

Posted To: MND NewsWireRealtyTrac estimated on Thursday that sales of residential property including single family homes, condominiums, and townhomes set an annual pace of 4.51 million units in August. This is down .05 percent from July and is 16 per..[read more]

MBS MID-DAY: Bonds Back in Happy Place After Europe/Stocks Tag Team
Thu, 25 Sep 2014 16:23:44 GMT

Posted To: MBS CommentaryOnce again, economic data has been a non-event in terms of market movement. Instead, two other sources of inspiration clearly stand out for US bond markets today. European bond market strength led the charge overnight. Right ..[read more]

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