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Mortgage News Daily

• Once Considered Inferior, Automated Appraisals Are Helping Stem Default Risk March 19, 2019
  Posted To: MND NewsWireAlthough lacking in popularity, it appears that automated appraisals have obtained the their intended results. Urban Institute (UI) researchers Laurie Goodman and Jun Zhu found the changes have helped to lower default rates. They suggest that, in turn, some lender processes and potentially pricing should be changed as well. The two looked […]
• MBS Day Ahead: Looks Like We Made It March 19, 2019
  Posted To: MBS CommentaryRates staged an impressive rally in November and December before bottoming out on the first trading day of 2019. The bounce was fairly abrupt at the time and it roughly coincided with 2017's highs. It was as if the bond market was saying those days are behind us and we won't be […]
• Sales, Marketing Products; Lender Training; MBS Platform Updates March 19, 2019
  Posted To: Pipeline PressAt roughly $8,500 per loan and continuing to defy gravity, scholars disagree on whether vendors lower the cost of originating a residential loan. But then again, scholars disagree on everything. (We can expect new cost figures from the MBA early next week but most expect it to increase somewhat on lower volume.) […]
• MBS RECAP: After Green Binge, Bonds Take "Sick" Day March 18, 2019
  Posted To: MBS CommentaryFor the bond market St Paddy's day was a 2 week celebration of "green" (as in the color of price gains or falling yields on trading terminals) beginning on March 4th. Eight of those 10 business days saw yields move lower with last Friday marking the 2nd lowest closing levels in well […]
• Mortgage Rates Hold 14-Month Lows March 18, 2019
  Posted To: Mortgage Rate WatchMortgage rates didn't budge today--a logical result with no signs of life in underlying bond markets. In the current case, this is just fine with us considering the bond market has gone silent while remaining at the best levels in 14 months. Specifically, mortgage-backed-securities (MBS, the most important ingredient in determining […]
• Builder Confidence Holds Steady After Recovering From 2018 Lows March 18, 2019
  Posted To: MND NewsWireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) held steady in March , after partially recovering from substantial loses at the end of 2018. The Index, a measure of new-home builders' confidence in the market for newly constructed homes was unchanged at 62 on a 100-point scale. The […]
• MBS Week Ahead: Both Sides of Market Getting Excited For The Fed March 18, 2019
  Posted To: MBS CommentaryThis week's economic calendar is exceptionally light, with no true top-tier reports. Even the 2nd-tier data is limited with Philly Fed on Thursday and Existing Home Sales on Friday. That leaves all the more focus on what was always destined to be this week's main event. Since the end of January, when […]
• LO Jobs; Warehouse Products; 1099 Comp - Brokers and MBA Weigh In March 18, 2019
  Posted To: Pipeline PressI hope that I never get to the point of writing things down on my “to do” list even after I’ve done them, just so I can cross them off the list. Or enjoying combining multiple “to do” lists into a master list, although (maybe) I’m already there. Many people in our […]
• MBS RECAP: Bonds Squeezed to Best Levels in Months Ahead of Fed March 15, 2019
  Posted To: MBS CommentaryUncertainty has reigned supreme for much of 2019 as traders weigh shifting economic data, potential data inconsistencies (due the shutdown), trade policy, and Brexit-driven uncertainty against central banks' collective response. Everyone seems to be pretty confident that the Fed's response will include some new news on the topic of its balance sheet […]
• Rates Stay Low; Bigger Risks/Rewards Next Week March 15, 2019
  Posted To: Mortgage Rate WatchMortgage rates remained at recent lows today, as underlying bond markets strengthened. For US Treasuries, this brought rates to new multi-month lows. Mortgage-backed bonds, on the other hand, simply returned in line with the best levels of the week. That allowed mortgage lenders to continue offering the best rates of the […]