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  • Bright Economic Outlook Muted by Housing Data October 20, 2018
    Posted To: MND NewsWireFannie Mae's Economic and Strategic Research (ESR) group is still expecting that economic growth will "likely" be solid in the third quarter, but they are otherwise hedging their bets. In their October Outlook, the economists said the lower job growth in September does not alter their view that the labor market is […]
  • Purchase Share, FICOs, ARMs All Increasing -EllieMae October 20, 2018
    Posted To: MND NewsWireThe share of closed loans originated for home purchase continues to inch higher. Ellie Mae, in its September Origination Insight Report , says that share jumped from 68 percent in August to 71 percent . The upward trend in purchasing was most pronounced for FHA loans where the share rose 5 percentage […]
  • MBS RECAP: Super Sideways and Slightly Weaker October 20, 2018
    Posted To: MBS CommentaryBonds were stuck between a rock and a hard place today. Actually they were stuck between stocks and a European place. Stocks made a case for a bond rally (not that stocks are in total control of bonds, but all other things being equal, stocks' intraday momentum is frequently seen accompanying bond […]
  • Rates Edge Back Toward Long-Term Highs October 19, 2018
    Posted To: Mortgage Rate WatchMortgage rates failed to extend yesterday's modest improvement, moving modestly higher by the end of the day. This takes the average lender very close to the long-term highs seen on October 5th. Indeed, prospective borrowers shouldn't be surprised to see the highest rates since early 2011. In and of itself, today […]
  • Existing Home Sales Extend Slump, But Inventory Holds Annual Gain October 19, 2018
    Posted To: MND NewsWireExisting home sales slipped in September, following a month in which sales were almost totally flat. The National Association of Realtors® (NAR) said that closed transactions for existing single family homes, townhouses, condos, and cooperative apartments was at a seasonally adjusted rate of 5.15 million in September. This was a 3.4 percent […]
  • Appraisal White Paper; Data Filter Product; Capital Markets News October 19, 2018
    Posted To: Pipeline PressEveryone, and their brother, knows that the costs for builders to build a home are increasing. Politics aside, it turns out that the tariff changes are indeed impacting the cost of remodeling and building, and NAHB released a list of products affected by tariffs, including nails. Did you know that, per a […]
  • MBS Day Ahead: Risks and Opportunities With Past Precedent October 19, 2018
    Posted To: MBS CommentaryWe've talked a bit (in this commentary and in the live chat on MBS Live ) about the similarities between the October sell-off and one seen in April/May 2018. Both took yields to what were, at the time, the highest yields in years. Both examples have an initial spike followed by several […]
  • MBS RECAP: Bonds Find Buyers Thanks to Europe October 18, 2018
    Posted To: MBS CommentaryBond markets began the day almost perfectly unchanged relative to yesterday's latest levels. That means the nasty little afternoon selling spree was still priced-in as of this morning. That continued to be the case until the 11am hour. At that point, European markets were beginning a decisive risk-off move heading into the […]
  • Mortgage Rates Recover With Help From an Old Friend October 18, 2018
    Posted To: Mortgage Rate WatchMortgage rates recovered most of yesterday's losses today, following turmoil in European financial markets. What does Europe have to do with rates in the US? A lot, actually. In fact, Europe deserves credit for most of the glacial move toward lower rates seen from early 2014 through mid-2016, and was a […]
  • Annual Rent Growth Finally Turns Negative October 18, 2018
    Posted To: MND NewsWireEvidence is growing that the housing market is cooling, and Zillow is adding to the pile of proof. However, its contribution points more to a slowdown in the rental market than breaking any news about housing prices. The company says that annual rent growth has now slowed nationally for eight straight months […]
  • Rise of The Real Estate Teams October 18, 2018
    Posted To: MND NewsWireAnyone who has ever worked as a real estate agent will understand the real reasons behind a new finding from the National Association of Realtors® (NAR). The organization recently conducted a survey among its Realtor members to find out how many considered themselves as members of a team . The survey, conducted […]
  • HELOC and Digital Products; Training And Events October 18, 2018
    Posted To: Pipeline PressWhether it is reducing the number of cookies in a package and keeping the price the same or putting less ounces of cereal in a box and keeping the price the same, both are ways of slyly passing on costs to consumers. In housing, the same thing can be done. It turns […]
  • MBS Day Ahead: Scary Technical Pattern Shaping Up For Bonds October 18, 2018
    Posted To: MBS CommentaryWhat is a pivot point ? In our primer on the topic, I talk mostly about levels that have repeatedly offered resistance or support to bond yields, but there's another relevant addition to the definition. Pivot points can also be suggested by a singular bounce at long-term high/low. It's not necessarily the […]
  • Mortgage Rates Back up to Recent Highs October 17, 2018
    Posted To: Mortgage Rate WatchMortgage rates moved higher at a quicker pace today, following the release of the Minutes from the most recent Fed meeting. But correlation isn't necessarily causality in this case. The Minutes provide a more detailed account of the Fed meeting that resulted in September's rate hike. That rate hike was foregone […]
  • MBS RECAP: Fed Proves to be Mere Speedbump For Bond Sellers October 17, 2018
    Posted To: MBS CommentaryHindsight really is 20/20, and foresight wasn't too bad either. Either way, the picture is becoming clearer as bond yields move back toward recent highs in the wake of today's Fed Minutes. Let's start with the foresight . We'd been expecting (or at least entertaining the strong possibility) bonds to weaken earlier […]
  • Housing Construction Down But Not Out October 17, 2018
    Posted To: MND NewsWireAll three reports on residential construction activity in September were disappointing, but no more so than any of the other housing data that speaks to the ongoing process of leveling-off. While there had been some erosion expected from the August numbers, the actual data did not meet analysts' expectations. Upward revisions to […]
  • MBS Day Ahead: Fed Minutes Approach; and a Musical Guest! October 17, 2018
    Posted To: MBS CommentaryThere are only so many ways to say that bonds are range-bound and waiting for the motivation to break that range. Could it be the Fed Minutes today? Sure! But could the Fed Minutes also be a non-event that only prolongs the sideways indecision? Again, sure! One thing to keep in mind […]
  • Self-Employed UW Products; Appraisal and Valuation Updates October 17, 2018
    Posted To: Pipeline PressAs thousands of MBA conference attendees head for the DC airports, what’s the chatter? Regulators who want to remind lenders that not being able to afford a compliance department doesn’t allow a company to make RESPA violations. That it is perfectly legal for builders to offer granite countertops, and to have a […]
  • MBA Forecast: Purchase Originations to Remain Healthy as Fed Hikes Rates October 17, 2018
    Posted To: MND NewsWirePurchase mortgage originations are expected to increase a bit in 2019, but not by enough to offset the continuing decline in refinancing. A forecast from the Mortgage Bankers Association (MBA), released Tuesday at its 2018 Annual Convention and Expo, predicts a 4.2 percent gain over the 2018 volume of purchase mortgages next […]
  • Mortgage Apps Take a Nosedive, Rates on the Rise October 17, 2018
    Posted To: MND NewsWireMortgage applications were down last week by the largest seasonally adjusted percentage since September 2017 . The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, dropped by 7.1 percent during the week ended October 12, and was down 7.0 percent unadjusted. There was a minor holiday, […]

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