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Todays News Stories:




Todays News Stories:
 
MBS RECAP: Small Victory as Broader Battle Continues
11/18/2019 3:51 PM
Posted To: MBS CommentaryAs 2019 winds down, investors have never been so broadly certain about the overall market thesis. Unfortunately, that thesis calls for unavoidable uncertainty and the inability to clear it up very quickly. Reason being: we need to see if global economic data is going to reverse cou...Read More
 
Lowest Mortgage Rates in 2 Weeks
11/18/2019 3:27 PM
Posted To: Mortgage Rate WatchMortgage rates added to last week"s improvement with another modest drop today. That brings the average lender to the best levels in exactly 2 weeks--a welcome change after hitting the highest levels in more than 3 months on Friday November 8th. US/China trade relations have been a...Read More
 
Homebuilder Confidence Staying Near Long-Term Highs
11/18/2019 1:03 PM
Posted To: MND NewsWireHome builder confidence fell back slightly this month, declining by 1 point to 70 in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The dip partially reversed the index"s 3-point jump in October which had carried it to its highest reading since February 201...Read More
 
FHA Delinquencies Plummeted in Q3
11/18/2019 10:54 AM
Posted To: MND NewsWireFHA loans posted a substantial decline in delinquencies during the third quarter, leading an overall improvement in loan performance. The Mortgage Bankers Association said its National Delinquency Survey found the non-current rate for mortgage loans on one-to-four- unit residential properties was 3...Read More
 
MBS Week Ahead: Trade Headlines and Technicals (With a Side of Data)
11/18/2019 9:38 AM
Posted To: MBS CommentaryLast week provided a much-needed recovery that counteracted some of the fast-paced selling seen in the first week of November. Despite the friendly direction of the move, the pace and fervor left something to be desired --at least for those hoping to see clear confirmation that tra...Read More
 
CFPB Lightens Requirements for Temporary LO License
11/18/2019 9:12 AM
Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) has issued an Interpretive Rule for one type of loan originator licensing. The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE ACT) of 2008 established a national system for licensing and registration of loan originators which envisioned ...Read More
 
Licensing, Loan Data, Non-QM Products; Customer Service Survey; No Fed Move "til April?
11/18/2019 7:53 AM
Posted To: Pipeline PressDo you dread “Smonday?” (That’s when Sunday stops feeling like a Sunday, and the anxiety of Monday kicks in.) Here is something to dread. All this talk about MLOs losing their jobs to automation, or real estate agents losing their job to internet op...Read More
 
MBS RECAP: Bonds Level Off Without Committing to Reentry
11/15/2019 6:06 PM
Posted To: MBS CommentaryYields broke up and out of their prevailing range last week and took the present week to focus on reentry. While those efforts went a long way toward defusing concern over how quickly rates were moving higher, they fell short of offering much reassurance about where they're goi...Read More
 
Much Better Week For Rates, But Bigger Picture Risks Remain
11/15/2019 5:06 PM
Posted To: Mortgage Rate WatchMortgage rates finished the week in much better territory compared to last Friday. Today only added modestly to that move, but the simple act of moving in a friendly direction feels like a major victory after coming toe to toe with the highest rates in more than 3 months (last week...Read More
 
Home Equity, Budgeting Tools; Extensive Reports on Rise of Non-Bank Lending
11/15/2019 7:59 AM
Posted To: Pipeline PressThis week I’ve been running football quotes in the joke section at the bottom. Thanks to Gary B. who sent Chuck Noll’s, “Pressure is something you feel when you don’t know what you’re doing.” Lots of folks in our industry, includin...Read More




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