Mortgage News Daily:
 
Black Knight"s Deep Dive on Housing, Mortgages, and COVID
4/3/2020 12:49 PM
Posted To: MND NewsWireBlack Knight has taken what will probably prove to be only their first in-depth analysis of the potential effects of the COVID-19 pandemic on the economy and specifically on the U.S. housing and mortgage markets. The paper looks at the current state of the market, key drivers of the pandemic on the...Read More
 
(Home) Building our Way out of Crisis
4/3/2020 8:26 AM
Posted To: MND NewsWireHome building might be the answer to more than just the housing shortage according to some information provided by Paul Emrath, economist for the National Association of Home Builders (NAHB). He maintains that it can also be a significant factor in rebuilding the economy once the COVID-19 crisis en...Read More
 
Appraisal, Credit, Doc, Broker Products; Major Jumbo Changes; Delay in Servicer Rescue?
4/3/2020 8:16 AM
Posted To: Pipeline PressWhile in captivity it is important to focus on the friends you’ll see when you’re released . Your borrower doesn’t want the fuss and muss of typing up their own forbearance letter so they don’t have to make payments on their federally backed m...Read More
 
HUD Says First Relief Funds are on the Way
4/3/2020 8:04 AM
Posted To: MND NewsWireThe Department of Housing and Urban Development (HUD) has announced how it will be allocating its initial portion of funds from the massive Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress last week. Over $3 billion will be awarded through the Department"s Community Dev...Read More
 
MBS Day Ahead: The Market Knows More Than Any One Person, And Knows it Sooner
4/2/2020 9:41 AM
Posted To: MBS CommentaryMany people have "expert sources" they rely on for insight to potential market movers. I understand this quite well. On the one hand , I used to believe that such experts knew more than my 13yr old about what might happen next in the market. On the other hand , I often fe...Read More
 
Appraisal, Broker, QC Products; Industry Shifting Programs, Underwriting, Pricing, and Execution
4/2/2020 8:30 AM
Posted To: Pipeline PressYesterday I decided to put thoughts of SRP values plummeting, and EPO & EPD penalties being enforced, out of my mind and get some exercise. My cat Myrtle had a mix of curiosity and disdain while watching me do my the 90-second yoga class on YouTube, which is abou...Read More
 
Single-Family, Public Construction Spending on Upswing
4/1/2020 10:46 AM
Posted To: MND NewsWireNationwide outlays for construction slipped slightly in February. The Census Bureau said public and private sources spent at a seasonally adjusted annual rate of $1.367 trillion on all forms of construction, down 1.3 percent from the rate in January. This was 6.0 percent more than was expended in F...Read More
 
MBS Day Ahead: Data Doesn"t Matter? Oh, It Will...
4/1/2020 8:43 AM
Posted To: MBS CommentaryThis morning's ADP Employment showed a loss of 27k jobs. Forecasts called for a loss of 150k jobs compared to last month's report that was strongly positive at +183k. Normally, when ADP or NFP job counts beat their forecast by more than 100k jobs, it's enough to prompt ...Read More
 
FHA Jobs; Broker, Marketing, Training Products; Servicing Trends; Processing and UW Changes
4/1/2020 8:19 AM
Posted To: Pipeline Press“I hadn’t planned on giving up quite this much for lent.” So true. It is a different world than only a month ago. Of course rates are going to stay at these levels for a long time. But rate sheet prices are disconnected from MBS prices, which are di...Read More
 
Lessons From Great Recession Wall Street Buying Spree
4/1/2020 7:54 AM
Posted To: MND NewsWireIn an earlier article , (before more pressing issues shelved the topic) we summarized highlights from a recent New York Times Magazine article about the ownership of a large share of the nation"s single-family rental stock by institutional investors. Part 1 recapped how private equity funds moved t...Read More