Posted To: MND NewsWireLook closely and you will see that a lack of new home construction is behind almost every problem facing housing today. Residential construction has simply not recovered from the financial crisis and the experts see it only growing worse. Freddie Mac's economists estimated the long-term shortfall between [...]
Thu, Nov 14, 2019
Source: Mortgage News Daily
Posted To: MBS CommentaryBy the end of last week, although there was potentially a sliver of hope afforded by Friday's highs being slightly lower than Thursday's, it looked like bonds were punching out of the massive 2019 rally and embarking on the new trend toward higher rates. But the new [...]
Thu, Nov 14, 2019
Source: Mortgage News Daily
Posted To: Mortgage Rate WatchMortgage rates moved lower again today. Whereas it was a bit easier to be dismissive about recent improvements, they're starting to add up at this point. Granted, we're not talking about anything other than a return to the rates seen on November 6th, but for anyone [...]
Thu, Nov 14, 2019
Source: Mortgage News Daily
Posted To: MBS CommentaryBonds gave us quite a scare last week as key technical ceilings gave way. High volume and concrete fundamental justification added validity to the move. Combine that with the massive size and old age of the 2019 rally and there was more than just a small reason [...]
Thu, Nov 14, 2019
Source: Mortgage News Daily
Posted To: Pipeline PressSome people save $2.95 a day by making coffee at home rather than stopping at Dunkin' or Starbucks. It adds up! Something didn't add up for WeWork which reported this morning that it lost $1.25 billion in the 3rd quarter. I think that's the combined whole net [...]
Thu, Nov 14, 2019
Source: Mortgage News Daily
Posted To: Mortgage Rate WatchMortgage rates have been more willing to move higher than lower recently. While that may continue to be the case in the near-term future, there have been pockets of resistance to that trend. The first 2 days of this week seem to be just such a [...]
Wed, Nov 13, 2019
Source: Mortgage News Daily
Posted To: MBS CommentaryThe most defining moment of the big 2019 bond rally was undoubtedly the August 1st tariff announcement and the resulting massive reaction in both yields and volumes. The 2 weeks that followed represented the market's attempt to price in a scenario where global trade tensions would push [...]
Wed, Nov 13, 2019
Source: Mortgage News Daily
Posted To: Pipeline PressI continue to see headlines as I head to balmy Kansas today. There was, “A Court Ruling Makes Mortgages Vanish Into Thin Air.” This is a headline no lender wants to see, but apparently this court decision might change how home loans are valued in the secondary [...]
Wed, Nov 13, 2019
Source: Mortgage News Daily
Posted To: MND NewsWireAccess to government loans continues to decline, but conventional and jumbo loans picked up the slack in October, pushing the Mortgage Credit Availability Index (MCAI) higher. The Mortgage Bankers Association (MBA) said the Index grew by 0.9 percent to 185.1 in October. A decline in the MCAI [...]
Wed, Nov 13, 2019
Source: Mortgage News Daily
Posted To: MND NewsWireOnce again the "Good Time to Buy" component of Fannie Mae's Home Purchase Sentiment Index (HPSI) is on the decline. Net positive answers to that question fell by 7 percentage points in October , helping to drag the entire index lower for the second straight month. The [...]
Wed, Nov 13, 2019
Source: Mortgage News Daily

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