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Mortgage News Daily

• MBS RECAP: Bonds Pulled 2 Ways by Stocks and Global Gloominess November 15, 2018
  Posted To: MBS CommentaryRemember the middle of 2016 when rates managed to make it all the way back in line with all-time lows despite having almost no justification in terms of economic data and policy outlooks? Those low rates were mostly about Brexit . Something about Brexit is utterly captivating for global financial markets. When […]
• Fannie Mae Offering Relief Programs in Wildfire Areas November 15, 2018
  Posted To: MND NewsWireFannie Mae has expanded the menu of post-disaster services it is offering to its borrowers. The new services are in addition to the up to 12 months of forbearance, waived fees, and temporary foreclosure moratorium that Freddie Mac and Fannie Mae (the GSEs) traditionally offer in the wake of hurricanes, wildfires, and […]
• Lowest Mortgage Rates This Month! November 15, 2018
  Posted To: Mortgage Rate WatchMortgage rates hit their lowest levels of the month today! Sure, that's only 10 business days for the mortgage world, but we'll take every little victory we can get these days. Why is that? Because "these days" have been pretty rough. Exactly one week ago, rates were at their highest levels […]
• Buyers Not Holding Their Breath for Short Term Market Relief November 15, 2018
  Posted To: MND NewsWireIt ain't going to get any easier... The National Association of Home Builders (NAHB) tells us these cheery words encapsulate the attitude of respondents to its survey regarding home purchasing. The company's Housing Trends Report for the third quarter of the year found that seven out of 10 of prospective homeowners think […]
• MBS Day Ahead: Brexit Strikes Back November 15, 2018
  Posted To: MBS CommentaryAh Brexit... You thought you'd heard the last of it back in 2016? No such luck. Actually, it is a bit lucky to be hearing about it, at least as far as domestic rates are concerned. Both in 2016 and in the past week, Brexit-related developments helped rates move lower. The current […]
• Accounting, Subservicing, Warehouse Products; Freddie and Fannie Changes Roll On November 15, 2018
  Posted To: Pipeline PressWith only week until Thanksgiving there’s a lot going on – every one of these stats impacts lenders. CoreLogic tells us that there are 48,390 homes at risk from the current California wildfires. Believe in climate change or not, or in science or not, one study shows 386,000 homes are said to […]
• MBS RECAP: More Stock Losses Bring More Bond Bounces November 14, 2018
  Posted To: MBS CommentaryThe narrative has grown (remained?) the same for bonds lately. If stocks are losing ground, then it's time to rally . If stocks are stabilizing or recovering, it's time to sell . Today was more of the same in that regard. For the first few hours of the day, yields moved gradually […]
• Afternoon Mortgage Rate Improvements For Most Lenders November 14, 2018
  Posted To: Mortgage Rate WatchMortgage rates began the day in roughly unchanged territory. Some lenders were microscopically stronger or weaker compared to yesterday, but not enough to impact the average mortgage borrower. For the first few hours of the day, it looked as if rates would stay unchanged or possibly move slightly higher. That all […]
• Millennials Could be Foregoing Equity Wealth November 14, 2018
  Posted To: MND NewsWireWhile reams of research have been done on why members of the Millennial generation are less likely to own a home compared to their baby boomer and Gen X elders at the same age, the Urban Institute (UI) notes that knowing the reasons doesn't necessarily shed much light on the potential long-term […]
• MBS Day Ahead: CPI Gets First At-Bat, Then Back to Stocks November 14, 2018
  Posted To: MBS CommentaryBonds are actively trying to decide who they are and what they want to do with their lives. Will they be barometers of economic growth and inflation? Or will they be gauges of Fed bond buying and US government bond selling (supply and demand)? The answer is "yes" on both accounts, but […]