Renee Borenstein & Marcia Gale
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Real Estate News
MBS RECAP: Uneventful Start; Consolidation Continues
Mon, 22 Oct 2018 21:26:10 GMT

Posted To: MBS CommentaryAs of October 16th, we'd been tracking the most recent consolidation in bond yields (and stocks for that matter) waiting for a breakout to suggest the next dose of momentum. Stocks broke higher with conviction while bonds..[read more]

Mortgage Rates Little-Changed to Begin The Week
Mon, 22 Oct 2018 20:52:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today. Lenders who made changes to Friday's rate sheets generally did so toward slightly higher rates. Actually, it would be more precise to say those lenders raised upfront costs associat..[read more]

Training & Events; False Claims Penalty; Lender Products & Services
Mon, 22 Oct 2018 13:24:30 GMT

Posted To: Pipeline PressResidential mortgage bankers are notoriously bad at actually retiring. They usually seem to come back as teachers, consultants, remodelers, etc. But plenty of people do retire, and per U.S. News the #1 place to retire is... L..[read more]

MBS Week Ahead: Limited Data, Bond Auctions, and More Indecision
Mon, 22 Oct 2018 12:47:12 GMT

Posted To: MBS CommentaryThe basic candlestick or bar chart that the average bond analyst uses to track 10yr Treasury yields is doing a good job of capturing the current opposing forces in rates. On the one hand , the combination of economic data, NA..[read more]

Bright Economic Outlook Muted by Housing Data
Sat, 20 Oct 2018 00:07:01 GMT

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 s..[read more]

Purchase Share, FICOs, ARMs All Increasing -EllieMae
Sat, 20 Oct 2018 00:04:28 GMT

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 purc..[read more]

MBS RECAP: Super Sideways and Slightly Weaker
Sat, 20 Oct 2018 00:02:40 GMT

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 be..[read more]

Rates Edge Back Toward Long-Term Highs
Fri, 19 Oct 2018 19:25:00 GMT

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 borro..[read more]

Existing Home Sales Extend Slump, But Inventory Holds Annual Gain
Fri, 19 Oct 2018 15:02:27 GMT

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, co..[read more]

Appraisal White Paper; Data Filter Product; Capital Markets News
Fri, 19 Oct 2018 14:02:51 GMT

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..[read more]

MBS Day Ahead: Risks and Opportunities With Past Precedent
Fri, 19 Oct 2018 12:54:24 GMT

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 ..[read more]

MBS RECAP: Bonds Find Buyers Thanks to Europe
Thu, 18 Oct 2018 21:04:04 GMT

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 ..[read more]

Mortgage Rates Recover With Help From an Old Friend
Thu, 18 Oct 2018 20:17:00 GMT

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 t..[read more]

Annual Rent Growth Finally Turns Negative
Thu, 18 Oct 2018 17:47:43 GMT

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 compan..[read more]

Rise of The Real Estate Teams
Thu, 18 Oct 2018 17:44:14 GMT

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 member..[read more]

HELOC and Digital Products; Training And Events
Thu, 18 Oct 2018 16:37:03 GMT

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 housi..[read more]

MBS Day Ahead: Scary Technical Pattern Shaping Up For Bonds
Thu, 18 Oct 2018 13:44:42 GMT

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 a..[read more]

Mortgage Rates Back up to Recent Highs
Wed, 17 Oct 2018 22:10:00 GMT

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 ac..[read more]

MBS RECAP: Fed Proves to be Mere Speedbump For Bond Sellers
Wed, 17 Oct 2018 21:06:37 GMT

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 for..[read more]

Housing Construction Down But Not Out
Wed, 17 Oct 2018 14:05:53 GMT

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 exp..[read more]

MBS Day Ahead: Fed Minutes Approach; and a Musical Guest!
Wed, 17 Oct 2018 13:57:38 GMT

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 s..[read more]

Self-Employed UW Products; Appraisal and Valuation Updates
Wed, 17 Oct 2018 12:46:11 GMT

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 RE..[read more]

MBA Forecast: Purchase Originations to Remain Healthy as Fed Hikes Rates
Wed, 17 Oct 2018 12:25:00 GMT

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 Annu..[read more]

Mortgage Apps Take a Nosedive, Rates on the Rise
Wed, 17 Oct 2018 12:14:53 GMT

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 ..[read more]

MBS RECAP: Uneventful Day For Bonds; Fed Minutes Tomorrow
Tue, 16 Oct 2018 20:30:29 GMT

Posted To: MBS CommentaryThe S&P recovered roughly half of its losses from last week today, decisively breaking out of the consolidation pattern that had been in place through this morning. Bonds, on the other hand, are still in the consolidation pat..[read more]

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