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





Real Estate News
Builder Confidence is Good, But it Could be Better
Fri, 16 Aug 2019 23:17:25 GMT

Posted To: MND NewsWireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) moved one point higher this month. However, at 66, NAHB's measure of builder confidence in the new home market stayed within the 64 to 66 r..[read more]

New Home Sales Expected to Reflect Interest Rate Trend
Fri, 16 Aug 2019 23:15:22 GMT

Posted To: MND NewsWireNew home purchases are expected to be significantly higher in July according to data released by the Mortgage Bankers Association (MBA). Its monthly Builder Application Survey (BAS), indicates that applications for new home pur..[read more]

MBS RECAP: Relative Stability + Moderate Losses = MBS Fighting Back
Fri, 16 Aug 2019 20:54:58 GMT

Posted To: MBS CommentaryPerhaps more than any other day in the past few weeks, today stood as an example of the mortgage market's ability to put up a fight when the time is right. As we've discussed frequently, they've been getting pumme..[read more]

Mortgage Rate Weirdness May Be Working in Your Favor Today
Fri, 16 Aug 2019 19:22:00 GMT

Posted To: Mortgage Rate WatchThings have been weird enough for mortgage rates recently that we were forced to add a " Temporary Note on Mortgage Rate Inconsistency " to our daily coverage recently. It will likely return before too long, but with a f..[read more]

MBS Day Ahead: How Low Can We Go? And Why Mortgage Rates Can't...
Fri, 16 Aug 2019 15:28:46 GMT

Posted To: MBS Commentary10yr yields rallied aggressively yesterday, and for no reason more compelling than a proverbial "snowball rally compounded by technicals and algorithmic trading." Ugh! I hate typing that stuff. It's annoying to be forced ..[read more]

DPA, Non-QM Products; Deficits, Debt, The Yield Curve, and Mortgage Rates
Fri, 16 Aug 2019 12:27:47 GMT

Posted To: Pipeline PressSome international rates have gone through 0 percent and are now negative. The low rates and high volumes have caused lenders to focus less on long-term planning and more on closing loans. Who can blame them? How would U.S. m..[read more]

MBS RECAP: Mortgage Market Starting to Play Like it Wants to Stay In The Game (Finally)
Thu, 15 Aug 2019 21:35:20 GMT

Posted To: MBS CommentaryBonds digested the week's busiest day of economic data, by far, today. But markets in general are only interested in data that changes the economic narrative. Today's only real candidate in that regard would have been..[read more]

Mortgage Rates Fall Back Down to 3-Year Lows
Thu, 15 Aug 2019 21:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell today as the underlying market for mortgage-backed-securities (MBS) actually did a better job of keeping pace with broader bond market gains--not something they've been doing very well lately! For som..[read more]

Digital, Reno Products; Originator Survey; FHA Condo Update
Thu, 15 Aug 2019 12:51:13 GMT

Posted To: Pipeline PressPlenty of economists watch builder activity and mood swings as early indicators of future economic health. Builder confidence in the single-family 55+ housing market continued in positive territory in the second quarter of 20..[read more]

MBS Day Ahead: Active Day For Data
Thu, 15 Aug 2019 12:37:17 GMT

Posted To: MBS CommentaryIn the day just passed, bond markets primarily reacted to overseas economic data with many of the reports in Europe coming in flat to weaker. Combined with the weakest Chinese manufacturing data in years, it was enough to pus..[read more]

New FHA Rule Will Ease Condo Approval Process
Thu, 15 Aug 2019 12:10:11 GMT

Posted To: MND NewsWireThe long-waited Federal Housing Administration (FHA) rule regulating condominium lending was finalized Wednesday afternoon. The Department of Housing and Urban Development (HUD), the parent agency of FHA, published the final re..[read more]

MBS RECAP: Have You Heard The One About Mortgage Underperformance?!
Wed, 14 Aug 2019 23:00:55 GMT

Posted To: MBS CommentaryLiving under a rock has a lot of advantages: generally low housing cost, durability, no roof maintenance, and if you're strong enough, you have something to throw at anyone who approaches your castle in a threatening way...[read more]

Mortgage Rates Are a Mess!
Wed, 14 Aug 2019 22:31:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged for many lenders today which is utterly and completely shocking given the other market developments that tend to coincide with rates moving lower. Specifically, stocks tanked and 10yr Treasu..[read more]

MBS Day Ahead: Suddenly, Bonds Are Pretty Sure The Global Economy is Doomed
Wed, 14 Aug 2019 14:50:48 GMT

Posted To: MBS CommentaryIn the day just passed, bonds sold off by a completely average amount in the context of recent volatility and new trading range. Motivations were above-board and easy to confirm (trade war headlines). The move was mirrored in..[read more]

Broker, Non-QM Products; Policy and Procedure Trends
Wed, 14 Aug 2019 12:58:38 GMT

Posted To: Pipeline PressData compiled by the American Bar Association shows that average lawyer pay has nearly doubled since 1997! Mortgage loan originators enjoy comparing themselves to attorneys, despite the formal educational differences, the tim..[read more]

Refinance Spree Continues with Rates at Near 3-Year Lows
Wed, 14 Aug 2019 12:09:04 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage application volume, rose 21.7 percent on a seasonally adjusted basis during the week ended August 9. MBA attributed the substantial d..[read more]

MBS RECAP: Old Friend Spoils What Might Have Been a Calm Day
Tue, 13 Aug 2019 22:07:20 GMT

Posted To: MBS CommentaryBonds began the day in relatively unchanged territory versus yesterday's close and soon encountered the slightly stronger CPI data (2.2 vs 2.1% for CORE CPI). This gave the appearance of selling pressure for a few minutes..[read more]

Mortgage Rates Jump After Tariff Delay
Tue, 13 Aug 2019 21:13:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were still unchanged for many lenders as of this morning. There were even a few offering slightly lower rates compared to yesterday morning's offerings. That was a welcome development considering broader b..[read more]

Loan Performance Responds to Slowing Economy, Natural Disasters
Tue, 13 Aug 2019 15:32:13 GMT

Posted To: MND NewsWireBoth the Mortgage Bankers Association (MBA) and CoreLogic issued data on recent loan performance on Tuesday. For CoreLogic the Monthly Loan Performance Report covered May, MBA's National Delinquency Survey is for the second qua..[read more]

Broker, DPA Products; August Events; Mortgage Rates Slow to Drop - Why?
Tue, 13 Aug 2019 13:22:36 GMT

Posted To: Pipeline PressAs we digest the news that CIT is buying Mutual of Omaha Bank , others are looking at demographics. Families moving create jobs, right? From 2017 to 2018, roughly 32 million Americans moved. The reasons include family, work, ..[read more]

MBS Day Ahead: First Econ Data of The Week, But Bonds Have Bigger Concerns
Tue, 13 Aug 2019 12:35:52 GMT

Posted To: MBS CommentaryIn the day just passed, bonds put in their second biggest rally day of the past 3 weeks (the crazy ones) and their biggest rally day since yields bottomed out last week. Strikingly, there was no major singular reason for the ..[read more]

MBS RECAP: Light Volume Snowball Rally For Treasuries. MBS, Not So Much
Mon, 12 Aug 2019 22:00:49 GMT

Posted To: MBS CommentaryThere were no significant scheduled events in the offing today. Volumes were down sharply in the bond complex as well (less than 50% of recent highs). That made for a bit of a slippery slope of illiquidity as last week's ..[read more]

Mortgage Rates Miraculously Flat Despite Massively Lower Treasury Yields
Mon, 12 Aug 2019 19:24:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged to slightly higher today--a claim that utterly boggles the mind of anyone who thought they understood the relationship between bond markets and the mortgage world. ALMOST without fail, a big..[read more]

Fannie/Freddie Universal MBS Launch Has Been Seamless So Far
Mon, 12 Aug 2019 19:22:09 GMT

Posted To: MND NewsWireAfter years of planning, the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac launched their uniform mortgage-backed security (UMBS) in early June. So far, the Urban Institute (UI) likes what it sees. UI a..[read more]

MBS Week Ahead: Sideways Baseline Waits For Inspiration (And Wonders
Mon, 12 Aug 2019 13:30:14 GMT

Posted To: MBS CommentaryIn the week just passed, bonds began to settle into a range after the sharp move lower in the previous week (driven by flaring trade tensions). This settling process didn't truly emerge until Thursday. Before that bonds r..[read more]

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