Reneé Borenstein & Marcia Gale
Marcia : 213.760.3177
Reneé : 818.535.6352
thtrealtors@gmail.com





Real Estate News
Who's Lying About The Spike in Mortgage Rates?
Fri, 24 Sep 2021 23:41:00 GMT

Posted To: Mortgage Rate WatchAs recently as Thursday, news outlets were reporting mortgage rates had only risen modestly this week with 30yr fixed rates still well under 3.00%. In fact, they were already well over 3.00% by then. So who's lying to yo..[read more]

MBS RECAP: Range Breakout or New Trend Channel?
Fri, 24 Sep 2021 19:37:36 GMT

Posted To: MBS CommentaryRange Breakout or New Trend Channel? It was an interesting trading session in the bond market as Treasury yields closed at their weakest levels at the same time that MBS were at their strongest levels. This uncommon scenario ..[read more]

New Home Sales Recovery Continued in August
Fri, 24 Sep 2021 15:36:34 GMT

Posted To: MND NewsWireSales of newly constructed homes performed better than expected in August but remain well behind the pace set in August 2020. The U.S. Census Bureau and Department of Housing and Urban Development say that sales during the mont..[read more]

MBS Morning: The Breakout is Here. What Now?
Fri, 24 Sep 2021 14:47:44 GMT

Posted To: MBS CommentaryAs early as 4 months ago, we'd been eyeing late September as do or die time for the low rate environment. By early September, we had a very clear picture of the consolidation pattern in rates and very clear notion of this..[read more]

MLO Jobs; Whole Loan Trading, Servicing, Digital, Jumbo, Automation Products; Conforming Conventional Updates
Fri, 24 Sep 2021 14:37:02 GMT

Posted To: Pipeline PressFirst off, my apologies to Ernest Hemingway whose name I mistakenly wrote as “Earnest.” Thank you to those who pointed that out. Second… Okay… I see my share of clever and funny videos. But this one ..[read more]

Underwater Homeowners Effectively Bailed-Out By Equity Surge
Thu, 23 Sep 2021 19:54:39 GMT

Posted To: MND NewsWireHomeowner equity grew $2.9 trillion nationwide from the second quarter of 2020 to the same quarter this year. CoreLogic's Homeowner Equity Report shows U.S. homeowners who have mortgages (which account for roughly 63 percent of..[read more]

Foreclosure Starts Rise Following Moratorium Expiration
Thu, 23 Sep 2021 19:52:27 GMT

Posted To: MND NewsWireDelinquencies hit a new post-pandemic low in August as the national delinquency rate fell by 84,000 loans or 3.48 percent compared to July. It was 41.84 percent below the level in August of 2020. Black Knight, in its "first loo..[read more]

First-Time Buyer Share Slips as Prices Rise for 114th Month
Thu, 23 Sep 2021 19:49:05 GMT

Posted To: MND NewsWireExisting home sales ended two months of gains in August, falling 2.0 percent on a seasonally adjusted basis from the previous month. The National Association of Realtors® (NAR) said preowned single-family homes, townhomes, ..[read more]

Mortgage Rates Are Actually MUCH Higher This Week
Thu, 23 Sep 2021 19:28:00 GMT

Posted To: Mortgage Rate WatchMortgage rates jumped substantially higher today as global markets reacted to yesterday's Fed announcement. But that's really just scratching the surface. The Fed is a convenient talking point because simply due to timin..[read more]

MBS RECAP: What's Up With Today's Big Sell-Off?
Thu, 23 Sep 2021 18:41:43 GMT

Posted To: MBS CommentaryWhat's Up With Today's Big Sell-Off? It's not nearly as surprising to see bond yields breaking technical ceilings today as it was to see them bouncing at a technical floor yesterday. By confirming the taper timeli..[read more]

MLO, Ops Jobs; Blockchain, Compliance Training, Consumer Complaint Products; Fed weighs in
Thu, 23 Sep 2021 15:05:47 GMT

Posted To: Pipeline PressThis morning the Mortgage Bankers Association's Research Institute for Housing America (RIHA) released, The Impact of Climate Change on Housing and Housing Finance .” Whether or not you believe in it, if it impacts MBS ..[read more]

MBS Morning: Bonds Choosing a Side After Fed Day
Thu, 23 Sep 2021 14:03:22 GMT

Posted To: MBS CommentaryWednesday's reaction to the Fed was essentially a non-reaction with yields ending the day very close to pre-Fed levels. Traders were more willing to make stronger bets in the overnight session and that momentum is gatheri..[read more]

Epic Fed Needle Threading Leaves Rates Relatively Unchanged
Wed, 22 Sep 2021 21:31:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were surprisingly steady today as the bond market reacted to a new policy announcement from the Fed. Perhaps "reacted" is the wrong word considering the market's response. Specifically, the bond market (wh..[read more]

MBS RECAP: Powell Confirms Taper Timeline, But Bonds Barely Budge
Wed, 22 Sep 2021 20:31:09 GMT

Posted To: MBS CommentaryPowell Effectively Confirms November Taper Barring NFP Catastrophe Bonds reacted well to the initial Fed announcement and economic projections, but reversed course during Fed Chair Powell's press conference. Powell pulled..[read more]

Differences Between Previous and Current FOMC Statements
Wed, 22 Sep 2021 18:01:21 GMT

Posted To: MBS CommentaryThe Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. With progress on vaccinations and str..[read more]

MBA, LO, AE Jobs; Non-QM, Jumbo, BPO, BE/Mand, Sales Products; Whole Loan/PSPA Execution Change
Wed, 22 Sep 2021 14:35:06 GMT

Posted To: Pipeline PressOnce a week it is Wednesday… but this one is noteworthy. An equinox is the instant of time when the plane of Earth's equator passes through the geometric center of the Sun's disk. That’s today, and is the officia..[read more]

MBS Morning: Tapering Should Remain on Hold, But Still Lots to Consider on Fed Day
Wed, 22 Sep 2021 14:02:01 GMT

Posted To: MBS CommentaryWe've been pining for this particular Fed day for weeks, at least. In fact, as early as June 1st, we pointed out that Fed speakers seemed to suggest their decision-making hands were tied until they could observe labor mar..[read more]

Inventories Pushing Buyers Toward New Homes
Wed, 22 Sep 2021 12:10:07 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) estimates that there were 17 percent fewer applications for new home purchases in August than in July, but those applications were 9 percent greater year-over-year. The figures, gathered f..[read more]

Mortgage Applications Rise, Reflecting Improved Inventories
Wed, 22 Sep 2021 12:08:26 GMT

Posted To: MND NewsWireThe volume of applications for first mortgages grew by 4.9 percent on a seasonally adjusted basis during the first full week after Labor Day. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of ..[read more]

MBS RECAP: A Few Strategy Considerations Ahead of The Fed
Tue, 21 Sep 2021 19:54:57 GMT

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 r..[read more]

Mortgage Rates Little-Changed Ahead of Fed Day
Tue, 21 Sep 2021 18:24:00 GMT

Posted To: Mortgage Rate WatchBy 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..[read more]

Construction Numbers Pushed Higher by Multifamily Surge
Tue, 21 Sep 2021 15:36:07 GMT

Posted To: MND NewsWireResidential 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..[read more]

Freddie Mac Confirms Heightened Appraisal Gaps in Minority Areas
Tue, 21 Sep 2021 15:34:28 GMT

Posted To: MND NewsWireA 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..[read more]

Sales, MLO Jobs; Education, Tax, Sales, Pre-Qual, Licensing Products; Lender Stock Prices; Events; Forbearance Improvement
Tue, 21 Sep 2021 14:41:22 GMT

Posted To: Pipeline PressA 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 i..[read more]

MBS Morning: With 1 Day Left, Pre-Fed Range Remains Intact
Tue, 21 Sep 2021 13:54:43 GMT

Posted To: MBS CommentaryTrading 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 fo..[read more]

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