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Real Estate News
MBS RECAP: Bonds at The Whim of Trade Headlines
Wed, 04 Dec 2019 21:28:54 GMT

Posted To: MBS CommentaryBonds sold off clearly and somewhat abruptly following a Bloomberg article on the trade negotiations being in better shape than markets might assume based on the previous day's trade headlines (which were also the biggest..[read more]

Mortgage Rates Near Recent Lows Despite Moving Up Today
Wed, 04 Dec 2019 20:29:00 GMT

Posted To: Mortgage Rate WatchMortgage rates dropped sharply yesterday after having risen to the highest levels in 2 weeks the day before. Yesterday's culprit was trade war related, but today had a more robust calendar of potentially market moving da..[read more]

FHA 2020 Loan Limits Set
Wed, 04 Dec 2019 19:43:02 GMT

Posted To: MND NewsWireFederal Housing Administration (FHA) Commissioner Brian D. Montgomery has announced the loan limits for FHA forward mortgages in 2020. The limits are based on the conforming loan limis announced last week by the Federal Housing..[read more]

Housing Construction too Slow for Growing Population of Millennials
Wed, 04 Dec 2019 17:40:18 GMT

Posted To: MND NewsWireThere is widespread industry concern that new homes and apartment buildings are not being constructed fast enough to keep up with demand and now the National Association of Home Builders (NAHB) says there is a mismatch between ..[read more]

Mortgage Apps Hit on a Technicality, But Purchases Still Increased
Wed, 04 Dec 2019 14:14:17 GMT

Posted To: MND NewsWireMortgage activity during the week ended November 29 was predictably impacted by the Thanksgiving Day holiday which effectively shortened the business week to three days. The Mortgage Bankers Association (MBA) says its data on a..[read more]

MBS Day Ahead: Bonds Still Tuned In to Trade, But Today's Data Matters Too
Wed, 04 Dec 2019 13:28:26 GMT

Posted To: MBS CommentaryTrade headlines rocked markets yesterday, making for the biggest single-day bond rally since early August--even after the gains moderated in the afternoon. The pace of the move was perhaps a bit surprising given the recent ev..[read more]

MBS RECAP: Bonds Quickly Reverse The Curse Thanks to Trade Headlines
Tue, 03 Dec 2019 22:36:45 GMT

Posted To: MBS CommentaryOne short day after sending somewhat alarming signals about a move back up toward the top of the recent range, the bond market bounced back with a vengeance. What else could cause such an unexpected move but an unexpected dev..[read more]

Mortgage Rates Reverse Course, Falling Quickly
Tue, 03 Dec 2019 21:38:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were up to the highest levels in 2 weeks yesterday, but that was then and this is now. In the wee hours of the morning, trade-related headlines rocked financial markets. This sent stock prices and bond yie..[read more]

Could FHA's Recovery Lead to Reduced Mortgage Insurance Premiums?
Tue, 03 Dec 2019 18:54:14 GMT

Posted To: MND NewsWireThe Federal Housing Finance Agency (FHA) had to be bailed out by the U.S. Treasury during the financial crisis after its Mutual Mortgage Insurance Fund was nearly depleted. Congress has long mandated a 2.0 percent ratio in its ..[read more]

Home Price Gains Aren't For Everyone (Or Everywhere)
Tue, 03 Dec 2019 16:13:12 GMT

Posted To: MND NewsWireHome prices increased on an annual basis by 3.5 percent in October according to CoreLogic's Home Price Index (HPI). The index rose 0.2 percent from the previous month. The rate of increase in home prices appears to have stabili..[read more]

Construction, Rental, and Reno Products; M&A Update; Training & Events for Dec.
Tue, 03 Dec 2019 14:39:50 GMT

Posted To: Pipeline PressThere’s an old saying among economists regarding predicting the future. “You can put a date on it, and you can put a number on it, but you can’t do both.” Sure there will be a recession, eventually. Ju..[read more]

MBS Day Ahead: Bonds Battle Back With Trade Headline Help
Tue, 03 Dec 2019 14:03:22 GMT

Posted To: MBS CommentaryYesterday saw bonds jump up to the highest yields in more than 2 weeks. Culprits were diverse, including stronger overseas econ data and new trading positions being added for December's first trading day. Domestic econ da..[read more]

MBS RECAP: Bumpy Start For Bonds in December
Mon, 02 Dec 2019 21:11:46 GMT

Posted To: MBS CommentaryAs the bond market shook off the holiday weekend lethargy and metaphorically (and literally) returned to the office, it was met with an immediate barrage of selling triggers . Stronger Chinese data and an absence of trade dea..[read more]

Mortgage Rates Up To 2-Week Highs
Mon, 02 Dec 2019 20:19:00 GMT

Posted To: Mortgage Rate WatchMortgage rates increased moderately to begin the new week/month and had been increasing in general during the previous week. The net effect is some lenders are quoting rates that are an eighth of a point higher compared ..[read more]

Construction Spending up 1.1% YoY, Private Sector Losing Momentum
Mon, 02 Dec 2019 17:05:15 GMT

Posted To: MND NewsWireThe nation's total spending on construction projects was at a seasonally adjusted annual rate of $1.291 trillion in October, 1.1 percent higher than a year earlier, but down 0.8 percent from the seasonally adjusted total in Sep..[read more]

MBS Week Ahead: Data and Trading Activity Ramp Back Up For 2019's Final Weeks
Mon, 02 Dec 2019 15:10:29 GMT

Posted To: MBS CommentaryWelcome to the last few trading weeks of 2019--3 or them to be precise. After that, the Christmas and New Year holidays will mean we can't trust the last 2 calendar weeks of the month to accurately represent investor cons..[read more]

Freddie Mac Predicts Lower Rates in the Next Two Years
Mon, 02 Dec 2019 15:07:47 GMT

Posted To: MND NewsWireWe started this piece by noting that Freddie Mac's economists wrapped up November in an unusually brief summary. Then we realized we had said almost exactly the same thing about the company's Economic and Strategic Research (ES..[read more]

HELOC, Marketing, Training Products; Robots at HUD?
Mon, 02 Dec 2019 13:14:10 GMT

Posted To: Pipeline PressDid your company make any money in the 3rd quarter? I hope so, and I hope the 4th quarter is looking bright as well. (Just like I hope that MLOs on your staff are funding lots of loans, because if they aren’t, time to t..[read more]

MBS Day Ahead: Big Decisions to be Made, But Not Today
Fri, 29 Nov 2019 14:48:28 GMT

Posted To: MBS CommentaryDue to the holiday-shortened work week, today's economic calendar is empty and Wednesday's was about as clogged as it ever gets, with the following reports all within the space of 90 minutes (except the early bird mor..[read more]

Specified ("Spec") Pools and REIT Primer; Vendor News; Disaster Updates
Fri, 29 Nov 2019 13:53:51 GMT

Posted To: Pipeline PressThere are seven members of the Board of Governors of the Federal Reserve System, and each region has a President. For 2019, the annual salary for the Fed Chairman is $203,500. The annual salary of the other Fed Governors is $..[read more]

Refinancing Share of Freddie's Volume Soared in October
Wed, 27 Nov 2019 19:51:46 GMT

Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 3.0 percent in October, down from 10.7 percent the previous month. The portfolio balance at the end of the period was $2.301 tr..[read more]

Mortgage Rates Edge Higher
Wed, 27 Nov 2019 19:38:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved slightly higher today, leaving them roughly in the middle of November's narrow range. Although banks and many mortgage lenders will be open on Friday, lenders won't be as eager to respond to improvem..[read more]

Pending Home Sales Decline, But Still in Strong Territory
Wed, 27 Nov 2019 15:13:23 GMT

Posted To: MND NewsWirePending home sales slipped in October after two months of solid gains. The National Association of Realtors® (NAR) said its Pending Home Sale Index (PHSI), a leading indicator of existing home sales, retreated 1.7 percent t..[read more]

Borrower Retention Tool; 2020 Loan Limits; Fed Addressing Financial Disparity
Wed, 27 Nov 2019 14:18:00 GMT

Posted To: Pipeline PressLoan officers know that rent is a “piece of the puzzle,” “a part of the equation” in the homebuying decision. They should be glad to know that the typical rent in the U.S. is now $1,600 , an annual inc..[read more]

Mortgage Apps On-Track for Best Year Since 2007
Wed, 27 Nov 2019 13:11:38 GMT

Posted To: MND NewsWireJoel Kan, Associate Vice President of Economic and Industry Forecasting for the Mortgage Bankers Association (MBA) says low rates are continuing to keep mortgage applications activity brisk. "Mortgage rates stayed below 4 perce..[read more]

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