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Mortgage News Daily

• Why Have "Points" Made a Big Resurgence In The Mortgage Market? April 6, 2020
  Posted To: Mortgage Rate WatchThe most important ingredient in the mortgage market is the presence of homeowners--prospective or otherwise--with the means and desire to make monthly payments. That fact invites investors to earn solid, predictable returns with almost no risk. After all, most of the mortgage market is comprised of loans that guarantee that an […]
• Covid-Related Job Losses Hit Residential Construction April 6, 2020
  Posted To: MND NewsWireThe Jobless Claims Report and the Employment Situation Report and were both pretty devastating last week with more than 6 million new unemployment claims filed on top of 3 million the prior week and 701,000 jobs lost. The unemployment rate jumped nearly a full point to 4.4 percent. Jing Fu, writing in […]
• MBS Week Ahead: Is The Fed Really Buying Less Mortgage Debt This Week? April 6, 2020
  Posted To: MBS CommentaryHere's this week's Fed MBS Purchase Schedule . The daily amount is down from a recent peak of $50 bln to $25 bln . So does that mean the Fed is only going to buy half as much MBS as it was buying 2 weeks ago? And if so, why aren't prices […]
• Originator, CRM, AI, Recruiting Products; Processing Changes Continue April 6, 2020
  Posted To: Pipeline PressTwas a rough night since today it’s garbage day. I was worrying all night, “What should I wear to take it out?” Jeannette M writes, “On January 1st I thought, ‘This is my year!’ By April 1st I’m wiping my a-- with a coffee filter. No clue that this was coming.” Aside […]
• Black Knight's Deep Dive on Housing, Mortgages, and COVID April 3, 2020
  Posted To: MND NewsWireBlack Knight has taken what will probably prove to be only their first in-depth analysis of the potential effects of the COVID-19 pandemic on the economy and specifically on the U.S. housing and mortgage markets. The paper looks at the current state of the market, key drivers of the pandemic on the […]
• (Home) Building our Way out of Crisis April 3, 2020
  Posted To: MND NewsWireHome building might be the answer to more than just the housing shortage according to some information provided by Paul Emrath, economist for the National Association of Home Builders (NAHB). He maintains that it can also be a significant factor in rebuilding the economy once the COVID-19 crisis ends. Emrath has updated […]
• Appraisal, Credit, Doc, Broker Products; Major Jumbo Changes; Delay in Servicer Rescue? April 3, 2020
  Posted To: Pipeline PressWhile in captivity it is important to focus on the friends you’ll see when you’re released . Your borrower doesn’t want the fuss and muss of typing up their own forbearance letter so they don’t have to make payments on their federally backed mortgage? Don’t worry: someone has created a form letter […]
• HUD Says First Relief Funds are on the Way April 3, 2020
  Posted To: MND NewsWireThe Department of Housing and Urban Development (HUD) has announced how it will be allocating its initial portion of funds from the massive Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress last week. Over $3 billion will be awarded through the Department's Community Development Block Grant, Emergency Solutions Grant, […]
• MBS Day Ahead: The Market Knows More Than Any One Person, And Knows it Sooner April 2, 2020
  Posted To: MBS CommentaryMany people have "expert sources" they rely on for insight to potential market movers. I understand this quite well. On the one hand , I used to believe that such experts knew more than my 13yr old about what might happen next in the market. On the other hand , I often […]
• Appraisal, Broker, QC Products; Industry Shifting Programs, Underwriting, Pricing, and Execution April 2, 2020
  Posted To: Pipeline PressYesterday I decided to put thoughts of SRP values plummeting, and EPO & EPD penalties being enforced, out of my mind and get some exercise. My cat Myrtle had a mix of curiosity and disdain while watching me do my the 90-second yoga class on YouTube, which is about all my body […]