News

Mortgage News Daily

• UI Says HARP 2.0 Could Help Pandemic-Era Borrowers April 20, 2021
  Posted To: MND NewsWireThe Urban Institute (UI) is advocating for a streamlined refinancing program similar to the Home Affordable Refinance Program (HARP) which aided many homeowners during the Great Recession to assist those impacted by the pandemic. HARP, which was used by more than 3.4 million borrowers between 2009 and 2018, offered simplified documentation, automated […]
• Training, AE jobs; Pricing, Risk Mgt., Dashboard Tools; Servicing Package for Sale; Investors Adapt to Agency Shifts April 20, 2021
  Posted To: Pipeline PressWhenever I ask my cat Myrtle about her opinion of the Consumer Finance Protection Bureau, she remains mum. But the CFPB has been in the press lately. Servicers are girding their loins and making sure their portfolio clients are being handled per rules and regulations. Yesterday “the Bureau” issued a Debt Collection […]
• MBS Day Ahead: Still Slow, Still Sideways April 20, 2021
  Posted To: MBS CommentaryHow can you avoid reading this prose when the headline is so gripping? Slow trading! Sideways grind! Lack of obvious near-term inspiration! If we're on the edge of our seats, it's only because we're working on our posture. Of course the market can legitimately surprise us at any time, but the baseline […]
• MBS RECAP: Slow Start to a Potentially Slow Week. April 19, 2021
  Posted To: MBS CommentarySlow Start to a Potentially Slow Week. Bonds did a good enough job of holding their ground today thus leaving at least half of last week's gains intact. The past 2 trading days mean Treasuries are shying away from a more aggressive move toward lower yields and instead continue to favor a […]
• Brighter Outlook For Housing and Economy - Fannie Mae April 19, 2021
  Posted To: MND NewsWireIncoming data for March has caused Fannie Mae to again revise its forecast for the year's growth in gross domestic product (GDP). The company's Economic and Strategic Research (ESR) team said a sharp uptick in the economy last month followed a weather-related retreat in February. Most evident was a jump in employment […]
• Draft Housing Infrastructure and Assistance Bill Presented to FSC April 19, 2021
  Posted To: MND NewsWireThe House Committee on Financial Services (FSC) held a virtual hearing last week on ways to provide equitable and affordable housing infrastructure. The memorandum setting out the hearing's purpose stated that, not only is affordable housing a crucial part of the nation's infrastructure and a stable asset that boosts individuals, families, and […]
• MLO Jobs; Sales, Jumbo, Purchase Products; Events and Training in the Next Few Weeks April 19, 2021
  Posted To: Pipeline PressAs lenders are wondering who will be the next merger or acquisition announcement (news of the Sterling Bancorp and Webster Financial came out this morning), and there will be someone next, do you think your company will last forever? Someone who had a lot of time on their hands put together this […]
• MBS Day Ahead: Quiet Calendar Leaves Focus on Europe and Technicals April 19, 2021
  Posted To: MBS CommentaryWhen the most recent leg of US bond market weakness began in February, US 10yr yields were around 1.1% and German Bund yields (effectively the "EU 10yr") were at -0.44%. Fast forward 2 months and EU yields are only up about 20bps compared to a surge of more than 60bps in the […]
• MBS RECAP: Still a Decent Week Despite Friday Slide April 16, 2021
  Posted To: MBS CommentaryStill a Decent Week Despite Friday Slide Thursday morning was exceptionally strong for bonds--perhaps too strong, with too much influence from artificial factors like short-covering and tech-triggered algos. Today's modest weakness reinforces a more sober assessment of the recent trend, and although rates aren't as low as yesterday, that trend is still […]
• Best 2 Weeks For Rates in Nearly a Year April 16, 2021
  Posted To: Mortgage Rate WatchThe bond market has been pointing toward higher rates since last August. Mortgage rates were able to defy that trend at first, but finally began spiking in the new year. February and March were two of the worst back-to-back months in years. The higher rates went, the more likely it became […]