Mortgage News Daily:
 
Don"t Believe This Week"s Mortgage Rate News. Here"s Why
10/23/2020 5:26 PM
Posted To: Mortgage Rate WatchAnother week, another glut of news articles claiming mortgage rates are at all-time lows. While no one is intentionally trying to deceive you, the news is deceptive nonetheless. Why? Freddie Mac"s weekly mortgage rate survey is at the heart of the issue. The survey is a mainstay of...Read More
 
MBS RECAP: Have MBS Finally Reached The Limits of Outperformance vs Treasuries?
10/23/2020 2:49 PM
Posted To: MBS CommentaryHave MBS Finally Reached The Limits of Outperformance vs Treasuries? Bonds are in the throws of an extended negative momentum move that's been in place throughout October. At times, stimulus-related headlines have accounted for volatility during this move. MBS have been outperf...Read More
 
Homeowner Profits Soared in Q3
10/23/2020 9:46 AM
Posted To: MND NewsWireThe contribution made to household wealth by homeownership is underlined in ATTOM Data Solutions" third-quarter U.S. Home Sales Report . The company said that a typical homeowner who sold a home during the quarter had a gain of $85,000 . This was $10,000 more than that realized by sellers in the pr...Read More
 
Loans in Forbearance Drop Below 3 Million
10/23/2020 9:34 AM
Posted To: MND NewsWireThe number of FHA and VA loans in forbearance rose slightly last week, however, the overall numbers of forborne loans fell nationally by 11,000. Black Knight"s weekly survey of the COVID-19 mortgage forbearance measures found that, as of October 20, there were 2.98 million borrowers in active plans...Read More
 
MBS Day Ahead: When Will Luck Run Out For MBS vs Broader Bond Market?
10/23/2020 9:11 AM
Posted To: MBS CommentaryIn the bond market, as a whole, we've never seen yields any lower for any longer than they've been in 2020. The runners up aren't even close. Even though bonds have become increasingly commoditzed (think "buy to sell" as opposed to "buy and hold"), t...Read More
 
MLO, Sales Jobs; Marketing, Hedging Products; Deep Dive on Rates and MBA Forecast
10/23/2020 8:49 AM
Posted To: Pipeline PressLet me state for the record that I am not a robot, although I often seem to be asked to check a box on certain websites by… robots. This article , however, sure grabbed my attention, as it was supposedly written by a robot that learned to read from the interne...Read More
 
Today is October 22nd, 2020, and Mortgage Rates Are Not at All-Time Lows
10/22/2020 3:56 PM
Posted To: Mortgage Rate WatchThursdays are special days for mortgage rate aficionados--or they can be anyway. That"s when the weekly mortgage rate survey from Freddie Mac is released. The survey is a mainstay of the mortgage industry and the news media. It"s been around the longest and is really the only mortg...Read More
 
MBS RECAP: Staggering MBS Outperformance Easing Negative Momentum Pain
10/22/2020 2:53 PM
Posted To: MBS CommentaryStaggering MBS Outperformance Easing Negative Momentum Pain Bonds are in the throws of an extended negative momentum move that's been in place throughout October. At times, stimulus-related headlines have accounted for volatility during this move. Today was one of the handful o...Read More
 
Vacation Homes Help Fuel Existing Sales Surge
10/22/2020 10:41 AM
Posted To: MND NewsWireExisting home sales rose again in September and are now blowing the doors off last year"s numbers. The National Association of Realtors® says sales of single-family homes, townhomes, condominiums, and co-ops, rose 9.4 percent from August to a seasonally adjusted annual rate of 6.54 million unit...Read More
 
Higher FICO Scores Indicate Lenders are Being More Selective
10/22/2020 10:13 AM
Posted To: MND NewsWireThe refinancing share of originations increased again in September, rising 2 points to 58 percent of all loans. Ellie Mae"s Origination Insight Report for September shows the increase came almost inclusively in conventional loans where the refi share jumped 5 points to 66 percent. The refinancing s...Read More