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Mortgage News Daily

• Home Prices Slowing Their Momentum, Catching up With Housing September 25, 2018
  Posted To: MND NewsWireBoth of the major home price indexes that were released this morning showed continued deceleration in the rate of appreciation, even though July is usually one of the strongest months of the year for home price gains. The Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) and most variations of the […]
• MBS Day Ahead: Here's The Wind-Up September 25, 2018
  Posted To: MBS CommentaryWe talk sometimes about bonds taking a "lead-off" (like in that sport that a few of us still remember). Well, at least I talk about bonds taking a lead-off. In baseball, it's pretty much a given any time a runner is on base. The only question is whether the runner maintains a […]
• LO Jobs; Digital, QC Products; Lender M&A; Fast Approaching Training and Events September 25, 2018
  Posted To: Pipeline PressThe U.S. economy and job market are firing on nearly all cylinders (hence higher rates) but the housing market has essentially stalled. Here’s a stat that most real estate agents and lenders will agree with: Home purchases by international buyers are down 21% in a year . The MBA (Mortgage Bankers Association, […]
• MBS RECAP: Bonds Biding Time Until Wednesday September 24, 2018
  Posted To: MBS CommentaryHave you heard? The Fed announcement is coming up on Wednesday. While you've undoubtedly heard about that more than a few times (unless this is your first day here, in which case, welcome!), it continues to bear repeating, largely because bonds aren't doing anything to suggest they care about anything else. In […]
• Mortgage Rates Treading Water Near Long-Term Highs September 24, 2018
  Posted To: Mortgage Rate WatchMortgage rates are having a bleak September, having risen at least an eighth of a percentage point in all cases and by a quarter of a point in many cases. Depending on the lender and scenario, conventional 30yr fixed rates of 5.0% aren't out of the question although 4.875% remains far […]
• Housing Market Struggles to Keep Pace With US Economy September 24, 2018
  Posted To: MND NewsWireFreddie Mac's Economic and Housing Research Group said on Monday that the U.S. economy and job market are firing on nearly all cylinders , "but the housing market has essentially stalled ." The solid growth of the U.S. economy during the second quarter, an increase of 4.2 percent and exceeding forecasts of […]
• MBS Day Ahead: Bonds Gearing Up For Unfriendly Fed September 24, 2018
  Posted To: MBS CommentaryIt would be a tad dramatic to say that rates are at a crossroads as we head into the end of September, unless there's any additional weakness this week. That's because any additional weakness will bring yields closer to breaking 2018's previous high of 3.128% set on May 18th, 2018. When rates […]
• Broker and DTC Products; Conventional Conforming News, Wells' LTV Change; USAA layoffs September 24, 2018
  Posted To: Pipeline PressWe’re now officially in autumn, one week left in the 3rd quarter. Most states in the U.S. don’t change their clocks until November 4th, but in Europe they are doing in 2019 what many in this country wish the government would do: We’re now officially in autumn, one week left in the […]
• Weather Sets Up Push-Pull with Delinquency Rate September 24, 2018
  Posted To: MND NewsWireAre weather patterns beginning to provoke annual swings in mortgage delinquencies? Black Knight suggests, in its first look at August 2018 mortgage performance data, that could be the case in 2017-2018. The incidence of mortgage distress was heading to millennium low levels last year before the one-two punch of Hurricanes Harvey and […]
• MBS RECAP: Might as Well Hit This Weekend With Some Hope September 21, 2018
  Posted To: MBS CommentaryBy today, it became clear that bonds were fully locked into a sideways consolidation in a range defined by the highs seen on Wed/Thu and the lows marked by the 3.06% technical levels. Of the past 3 sideways days, today was the least volatile and most lenders saw fit to offer just […]