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Looking Back at Loan Mods: What Worked, What Didn't, and What Can We Learn?
Mon, 11 Dec 2017 20:07:21 GMT

Posted To: MND NewsWireAs banks and government tried to stem the flow of foreclosures during the housing crisis there was a lot of debate (and criticism) about what needed to be done and how to do it. The acting director of the Federal Housing Financ..[read more]

Construction and Data Validation Products; FHA, VA, HECM Changes
Mon, 11 Dec 2017 14:22:33 GMT

Posted To: Pipeline PressLenders making tough personnel decisions can’t “kick the can down the road” like Congress and the President. On Dec. 8, the National Flood Insurance Program (NFIP) was set to expire. Late last week Congress ..[read more]

MBS Week Ahead: Central Bank Meetings and Fiscal Drama Keep Volatility on The Table
Mon, 11 Dec 2017 14:16:30 GMT

Posted To: MBS CommentaryThere are 3 to 4 big players this week when it comes to potential market movers . In no particular order, these include Treasury auctions, central bank announcements, inflation data, and potential tax headlines. The relative ..[read more]

MBS RECAP: Every Bit the NFP Reaction We Expected
Fri, 08 Dec 2017 22:40:33 GMT

Posted To: MBS CommentaryWhen it comes to bond markets reacting to economic data these days, don't expect too much and you won't be disappointed. Heading into today's NFP release, it didn't make much sense to expect a major reaction, ..[read more]

Rates Stay Higher After Jobs Report and Shutdown Bill
Fri, 08 Dec 2017 19:28:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved modestly higher today, although some lenders were right in line with yesterday's levels (especially those who raised rates in response to market weakness yesterday afternoon). Either way, today's rat..[read more]

Consumers Expect Strong Increases in Housing Costs
Fri, 08 Dec 2017 17:28:33 GMT

Posted To: MND NewsWireAfter dropping in October from what had been an all-time high the previous month, Fannie Mae's Home Purchase Sentiment Index (HPSI) resumed its upward trek , increasing by 2.6 points in November to 87.8, Strong responses to que..[read more]

90% of US Counties Get FHA Loan Limit Increase
Fri, 08 Dec 2017 15:34:45 GMT

Posted To: MND NewsWireLoan limits will be rising in 2018 for loans guaranteed by the FHA. The Department of Housing and Urban Development (HUD) announced on Thursday it was boosting limits for those loans in more than 3,000 counties. This will bring..[read more]

State-Level Policy Updates; Eyes on Fed Rate Increase
Fri, 08 Dec 2017 14:34:24 GMT

Posted To: Pipeline PressTrio is a lease with an option to purchase that you can use to finance your new home." Its sister company is Ownoption Mortgage , doesn't appear to be licensed either. And in the Seattle area, Loftium continues to offer a..[read more]

MBS Day Ahead: Time for The NFP Question
Fri, 08 Dec 2017 13:32:04 GMT

Posted To: MBS CommentaryBond markets haven't been at all keen to react in a major way to economic data. Tax reform and other fiscal issues have been center stage for several months. Even before that, employment metrics had mostly faded from the ..[read more]

MBS RECAP: Scary Up Close; Tame in Context
Thu, 07 Dec 2017 21:52:37 GMT

Posted To: MBS CommentaryBond markets began the day roughly unchanged compared to yesterday afternoon's weaker closing levels. From there, Treasuries rallied in concert with European bonds and managed to hold the modest gains through the European..[read more]

Rates Only Slightly Higher Despite Bond Market Weakness
Thu, 07 Dec 2017 21:17:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were best described as " unchanged " today, although that may not be the case tomorrow. The afternoon hours saw bond markets (which dictate rate movement) come under some pressure. In the grand scheme of t..[read more]

Homeowner Equity Gain Averages in Double Digits
Thu, 07 Dec 2017 16:47:06 GMT

Posted To: MND NewsWireNine years after what is acknowledged as the start of the housing crisis about 2.5 million homeowners remain underwater , but that number is down by 0.7 million since the third quarter of 2016. CoreLogic said today that those h..[read more]

MBS Day Ahead: We're Supposed to Have a Tough Time
Thu, 07 Dec 2017 14:23:25 GMT

Posted To: MBS CommentaryBoth yesterday and the day before, bonds closed in stronger territory than the previous day's close. That's the first time that's happened since early November, and one of the few times it's happened in severa..[read more]

Servicing News; FHA and VA Update; US Bank Exits Wholesale
Thu, 07 Dec 2017 14:20:14 GMT

Posted To: Pipeline PressUpset that Richard Cordray has left the CFPB and is officially running for governor of Ohio ? Bored with lending here, and want to go into the home financing business in Africa? Per AllAfrica, Tanzania leads the pack with mor..[read more]

MBS RECAP: Best 2-Day Winning Streak in Quite a While
Wed, 06 Dec 2017 22:26:48 GMT

Posted To: MBS CommentaryFor the purposes of this recap, "winning streak" would be defined as a day where Fannie 3.5 MBS or 10yr Treasury yields closed at better levels than the previous closing levels. The more days in a row where that happens, the ..[read more]

Mortgage Rates Very Close to 1-Month Lows
Wed, 06 Dec 2017 21:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved noticeably lower today as bond market improved for the 2nd day in a row--the first time that's happened since early November (when it comes to the bonds that relate to mortgage rates) his was the fir..[read more]

Gig Workers Less Enthusiastic About Homeownership
Wed, 06 Dec 2017 17:31:49 GMT

Posted To: MND NewsWire"Gig," a term that used to refer mostly to a musician's booking, is now being used to describe a whole sector of the U.S. economy. Fannie Mae defines it, rather narrowly we think, as the on-line, on-demand services such as ride..[read more]

MBS Day Ahead: This Week's Rally Further Stretches a Bond Market Slingshot
Wed, 06 Dec 2017 14:43:41 GMT

Posted To: MBS CommentaryConsolidating, biding time, coiling, storing energy, etc... Over the years on MBS Live and elsewhere, you may have come into several iterations of this same concept. It occurs when trading levels (in bonds, stocks, or anythin..[read more]

Tech Products and a Flattening Yield Curve
Wed, 06 Dec 2017 14:17:38 GMT

Posted To: Pipeline PressHow long will venture capital firms enjoy being in a declining margin business like residential lending, historically dominated by individual, family, or employee-owned companies? As rumors and unpublished news swirl about we..[read more]

Refi Demand Highest in Months Despite Fairly Flat Rates
Wed, 06 Dec 2017 13:34:17 GMT

Posted To: MND NewsWireThere was the usual post-holiday resurgence in the volume of mortgage applications last week, following a subdued level of activity the previous week which was shortened by the Thanksgiving Day observance. The Mortgage Bankers ..[read more]

MBS RECAP: Bonds Rally After Weaker Start
Tue, 05 Dec 2017 22:35:00 GMT

Posted To: MBS CommentaryMuch like yesterday's session, today saw bond markets begin the day in slightly weaker territory only to rally into slightly stronger territory by the end of the session. There were no singular, overt market movers, but r..[read more]

Mortgage Rates Steady to Lower
Tue, 05 Dec 2017 21:58:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were more intuitive today with most lenders keeping things unchanged at first. This matched the movement in underlying bond markets, where today's trading levels in the morning (when most lenders put out t..[read more]

Entry-Level Homes Driving Price Appreciation
Tue, 05 Dec 2017 15:58:47 GMT

Posted To: MND NewsWireCoreLogic said on Tuesday that home prices rose in October by 0.9 percent compared to September and were 7.0 percent higher than 12 months earlier. These increases are identical to those registered on the company's Home Price I..[read more]

MBS Day Ahead: For Bonds, Year-End is Looking Like One Big November
Tue, 05 Dec 2017 14:20:44 GMT

Posted To: MBS CommentaryA sideways range with higher lows and lower highs... The risk of p eriodic volatility regardless of economic data's suggestion... A certain portion of traders making certain trades simply because they have to hold certain..[read more]

Freddie and Fannie Changes from Agencies, Investors, and Lenders
Tue, 05 Dec 2017 14:19:24 GMT

Posted To: Pipeline PressIt’s good to keep things in perspective, and here’s some Tuesday trivia. Today, 2 billion adults around the world remain without a bank account, including my ne’er-do-well cousin. But 62% of the world's adul..[read more]

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