MBS RECAP: A Few Strategy Considerations Ahead of The Fed
Tuesday, September 21, 2021

Posted To: MBS Commentary "Inside Day" Placeholder Ahead of Wednesday's Main Event The AM commentary revisited and reiterated the consolidation range that's been intact for more than a month. As far back as 2.5 weeks ago (after the last jobs report) it became increasingly clear ... .. read more..

Mortgage Rates Little-Changed Ahead of Fed Day
Tuesday, September 21, 2021

Posted To: Mortgage Rate Watch By the end of last week, mortgage rates moved up to match their highest levels in 2 months. After a modest recovery yesterday, today's rates are little-changed. As is often the case when examining day-to-day rate changes, we're talking about relatively small movemen... .. read more..

Construction Numbers Pushed Higher by Multifamily Surge
Tuesday, September 21, 2021

Posted To: MND NewsWire Residential construction numbers were a surprise again in August. Permits for construction and housing starts were both higher than expected, however, multifamily numbers were driving the results. Housing permits were issued at a seasonally adjusted annual rate of 1.728 mi... .. read more..

Freddie Mac Confirms Heightened Appraisal Gaps in Minority Areas
Tuesday, September 21, 2021

Posted To: MND NewsWire A cluster of stories about appraised values of homes in minority areas hit the national news earlier this summer and now Freddie Mac has released an analysis of the smoke/fire variety. The company says it found appraised values are more likely to fall below the contracted ... .. read more..

Sales, MLO Jobs; Education, Tax, Sales, Pre-Qual, Licensing Products; Lender ...
Tuesday, September 21, 2021

Posted To: Pipeline Press A sign in the window reads CURED MEATS. Inside, a salami takes his first steps since the accident. A prosciutto learns to forgive. There are all kind of things going on! First, a healthy, active secondary market helps rates in the primary markets. Fannie Mae announced it... .. read more..

MBS Morning: With 1 Day Left, Pre-Fed Range Remains Intact
Tuesday, September 21, 2021

Posted To: MBS Commentary Trading ranges and consolidation patterns can make for tedious discussion when they're well-behaved for weeks on end. We began discussing the current example in mid-August when the 1.38% ceiling was first rejected. The following week suggested it was less of a "... .. read more..

MBS RECAP: Surprise Snowball Rally as Stocks Swoon Over Global Risks
Monday, September 20, 2021

Posted To: MBS Commentary Surprise Snowball Rally as Stocks Swoon Over Global Risks When it comes to stocks vs bonds, pundits generally give too much credit to one side for movement in the other. In fact, on days with big movement in both markets, it's not uncommon to see stock people blaming... .. read more..

Builder Sentiment Moves Slightly Higher, but Many Still See Hurdles Ahead
Monday, September 20, 2021

Posted To: MND NewsWire Builder confidence edged its way higher in September, ending a three-month slump. The National Association of Home Builders (NAHB) reports that the NAHB/Wells Fargo Housing Market Index (HMI) rose a single point to 76 in September. The HMI is a measure of home builder atti... .. read more..

MLO, Controller Jobs; Servicing for Sale; Subservicing, Sales, Reverse Produc...
Monday, September 20, 2021

Posted To: Pipeline Press Someone asked me if I had plans for the fall. It took me a moment to realize they meant “autumn,” not the collapse of civilization. Lots of folks are keeping an eye on the collapse, or at least the decline in market value, of publicly held lenders. How much w... .. read more..

MBS Day Ahead: What is Evergrande and Why Do Bonds Care?
Monday, September 20, 2021

Posted To: MBS Commentary Evergrande is a Chinese real estate company that has been circling the drain for months. During that time, press reports increasingly suggest that Evergrande's collapse could have some measure of systemic impact given the vast amount of money it owes to other institu... .. read more..

MBS Morning: What is Evergrande and Why Do Bonds Care?
Monday, September 20, 2021

Posted To: MBS Commentary Evergrande is a Chinese real estate company that has been circling the drain for months. During that time, press reports increasingly suggest that Evergrande's collapse could have some measure of systemic impact given the vast amount of money it owes to other institution... .. read more..

MBS RECAP: Traders Move to Sidelines Ahead of Fed Announcement
Friday, September 17, 2021

Posted To: MBS Commentary Traders Move to Sidelines Ahead of Fed Announcement September's big Fed announcement doesn't hit until next Wednesday, but it's not too early for markets to freak out about it a little bit. The fear is expressed in the form of a move to the sidelines for both... .. read more..

Rates at 2-Month Highs Ahead of Fed Week
Friday, September 17, 2021

Posted To: Mortgage Rate Watch Mortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week's Fed announcement. In other words, investors sold bonds (among other things) and in the bond market, selling pressure means lower prices a... .. read more..

New Forbearance Plans and Reentries Rise
Friday, September 17, 2021

Posted To: MND NewsWire Black Knight says that the number of active forbearance plans continued to fall over the last week, but also noted an uptick in both new plans and reentries to the program , primarily among VA and FHA loans. The number of active forbearances dropped by 22,000 or 1.4 percen... .. read more..

Flipping Transactions Increase, Profits Do Not
Friday, September 17, 2021

Posted To: MND NewsWire The number of homes flipped by investors grew by 3.5 percent in the second quarter of the year. It was the first increase in more than a year. ATTOM says its second quarter U.S. Home Flipping Report shows that 79,733 single-family homes and condominiums in the United State... .. read more..