News

Mortgage News Daily

• Mortgage Rates Highest in Nearly a Month October 21, 2020
  Posted To: Mortgage Rate WatchRates are appreciably higher than they were last week or indeed any time in past 4 weeks. That's surprising news to those laboring under misapprehensions created by widespread reports of "all-time low rates" from last week. As we discussed yesterday, those reports were based on weekly survey data from Freddie Mac […]
• MBS RECAP: Bonds Find Footing Early, But Aren't Able to Go Green October 21, 2020
  Posted To: MBS CommentaryBonds Find Footing Early, But Aren't Able to Go Green It's safe to say the bond market found its footing today, but that is only a reference to TODAY (not necessarily "finding footing" in the bigger picture). In terms of 10yr yields, overnight highs gave way to slightly lower highs in the […]
• Fannie Asks Mortgage Execs How to Improve Condo Lending October 21, 2020
  Posted To: MND NewsWireThe most recent Fannie Mae's Lender Sentiment Survey focuses on the complexities of lending to the condominium market. The company stresses that this type of housing can play an important role in narrowing the supply gap for affordable housing options as well as providing an attractive alternative for homeowners seeking to downsize. […]
• Mortgage Apps Steady; Forbearances Drop Under 6% October 21, 2020
  Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) says there was little change in mortgage application activity during the week ended October 16. MBA's Market Composite Index, a measure of mortgage loan application volume, dipped 0.6 percent from the prior week on a seasonally adjusted basis and was down 1.0 percent unadjusted. Refinancing was also […]
• MBS Day Ahead: It's Gentle, But It Hurts October 21, 2020
  Posted To: MBS CommentaryThere have been reasons to fear a momentum shift in bonds for several weeks now. Here's how we discussed it at the beginning of October: "It's never a bad idea to consider risks on the road ahead--especially when things start deteriorating at the beginning of the month. We often see a shift […]
• MLO Jobs; Shell Available; Servicing, Marketing, Automation Tools; Temporary Relief From the CFPB October 21, 2020
  Posted To: Pipeline PressWant some guidance? “If you get a loan at a bank, you’ll be paying it back for 30 years. If you rob a bank, you’ll be out in 10 years. Follow me for more financial advice!” Plenty of MLOs will need financial advice, given their continued record production months and quarters. Ask […]
• Mortgage Rates Moving Higher October 20, 2020
  Posted To: Mortgage Rate WatchIt began last week. It was subtle--so subtle as to pass largely unnoticed. But the gentle drift toward slightly higher rates has taken bigger steps so far this week. As of this afternoon, the average lender is quoting the highest rates since late September! That's quite a realization when juxtaposed with […]
• MBS RECAP: Bearish Bond Trend Continues October 20, 2020
  Posted To: MBS CommentaryBearish Bond Trend Continues Looking back at MBS or Treasuries over the past few weeks reveals a clear termination of a rally trend at the end of September and a similarly well-established bearish trend throughout October. Treasury yields are the highest since early June and MBS aren't too far away from their […]
• Calabria to Seek Input on Future Fannie/Freddie Policies October 20, 2020
  Posted To: MND NewsWireMark Calabria, director of the Federal Housing Finance Agency (FHFA) used the annual convention and expo of the Mortgage Bankers Association to announce changes in the agency's requirements for certain operations of the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. FHFA is seeking comments on a proposed rule requiring the […]
• Looks Like Residential Construction is Back on Track October 20, 2020
  Posted To: MND NewsWireResidential construction resumed its upward trend after a brief pause in August. The U.S. Census Bureau and Department of Housing and Urban Development reported that all three measures of construction, permitting, housing starts, and unit completions, increased in September. Permits for privately owned residential construction were issued at a seasonally adjusted annual […]