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Todays News Stories:




Todays News Stories:
 
MBS RECAP: Bonds Ease Into Weekend in Solid Shape
7/19/2019 7:31 PM
Posted To: MBS CommentaryIf yesterday was marked by rather aggressive comments by Fed's Williams (aggressive enough to convince a few market participants that the Fed might cut by 50bps at the end of the month), today was marked by the retraction of those comments. Well, at the very least, that was the...Read More
 
Mortgage Rates Fight to Remain at Week"s Best Levels
7/19/2019 7:04 PM
Posted To: Mortgage Rate WatchMortgage rates Moved just slightly lower today, despite some push back from underlying bond markets. Typically, weakness in the bond market (like the kind we saw today) corresponds to rising rates--even if only a modest amount. The compensating factor today was the timing of yester...Read More
 
CoreLogic Estimates the Loan Volume Enabled by GSE Patch
7/19/2019 11:12 AM
Posted To: MND NewsWireThe so-called GSE Patch for the Consumer Financial Protection Bureau"s (CFPB) 2013 Ability-to-Repay (ATR) and Qualified Mortgage (QM) rule (Rule) is scheduled to expire in January 2021 (earlier if the government sponsored enterprises (GSEs) are released from conservatorship.) The Patch created a te...Read More
 
MBS Day Ahead: Here"s How "Priced-In" Rate Cuts Are
7/19/2019 8:25 AM
Posted To: MBS CommentaryIn the day just passed, bonds did an admirable job shaking off the ill effects of a significantly stronger Philadelphia Fed Manufacturing Business Outlook Survey (aka "Philly Fed"). This report is a solid and fairly consistent market mover. It beat its forecast by the lar...Read More
 
Credit, Broker, Accounting Products; Events and Training; Cap. Mkts. Dollar Roll Primer
7/19/2019 8:20 AM
Posted To: Pipeline PressSome people pray for ice cream, and their prayers will be answered as this Sunday is National Ice Cream Day. An MLO prayer? “Dear Lord, just give me one more refi boom. I promise to save my money this time.” At the lender level there is plenty of maneuver...Read More
 
MBS RECAP: Friendly Fed Wins Out Over Econ Data Bounce
7/18/2019 5:13 PM
Posted To: MBS CommentaryIt was a tale of two market movers today as afternoon Fed comments completely reversed an earlier reaction to super strong economic data. The Philly Fed survey blew expectations out of the water and handily crushed last month's numbers across the board. Given that the market ho...Read More
 
Mortgage Rates Lowest This Week Despite Stronger Economic Data
7/18/2019 4:37 PM
Posted To: Mortgage Rate WatchEconomic data and mortgage rate movement go hand in hand. A stronger economy puts upward pressure on rates. A contracting economy helps rates move lower. While this is far from the only source of inspiration, it"s indirectly linked to other major sources of inspiration (like Fed po...Read More
 
MBS Day Ahead: Bonds Consider New Resistance as Week Winds Down
7/18/2019 7:48 AM
Posted To: MBS CommentaryIn the day just passed, bonds enjoyed one of their best rally days in recent weeks as the stock market endured its 2nd weakest day since May. Stocks weren't the exclusive motivation, but there's no way to pin down cause and effect without descending into conjecture. Leading...Read More
 
Construction, Broker Products; Lender Flood News; State Farm/Rocket Mortgage
7/18/2019 7:46 AM
Posted To: Pipeline PressThere’s a lot going on out there! Rocket Mortgage is creating new technology that will allow the State Farm agents to offer a Rocket Mortgage loan as a licensed loan originator. Some accounting staff believe their prayers have been answered regarding CECL. The ...Read More
 
June Closing Rates Highest in 8 Years
7/18/2019 7:37 AM
Posted To: MND NewsWireClosing rates for mortgage loans were at the highest level in June since Ellie Mae began collecting the data in 2011. The company, in its June Origination Insight Report , said 76.8 percent of all loans closed , up from a rate of 75.6 percent the previous month. Closing rates on purchase loans hit ...Read More




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