Mortgage News Daily:
 
Biggest Jump in 2 Months For Mortgage Rates
8/11/2020 4:10 PM
Posted To: Mortgage Rate WatchWith most lenders still easily able to quote a 30yr fixed under 3% , mortgage rates are very low in outright terms. But relative to the recent trend and the general level of volatility, today was a bit rough. Rates rose as fast as they"ve risen since early June, ultimately hitting ...Read More
 
MBS RECAP: Bond Market Breakout is Here (The Bad One)
8/11/2020 3:23 PM
Posted To: MBS CommentaryBond Market Breakout is Here (The Bad One) For days--and especially since last Friday--we've been increasingly worried that the 2-month bond rally was running out of steam and at risk of a reversal. The jury was technically out until all of our overhead ceilings were taken out....Read More
 
Delinquencies Growing; More Government Assistance Needed
8/11/2020 10:22 AM
Posted To: MND NewsWireCOVID-19 continued to impact mortgage performance in May. CoreLogic said the number of loans in each stage of delinquency, with the exception of those in foreclosure, grew in May, the second straight month that early-stage (loans 30 to 59 days past due) and adverse (loans 60 to 89 days past due) de...Read More
 
MBS Day Ahead: Why Are Bond Yields Surging Today?
8/11/2020 9:12 AM
Posted To: MBS CommentaryFor days--and especially since last Friday--we've been increasingly worried that the 2-month bond rally was running out of steam and at risk of a reversal. The jury was technically out until all of our overhead ceilings were taken out. As of this morning, they are. The followin...Read More
 
Marketing, Servicing, Comp Tools; FHA and Ginnie Changes Roll On; Rates Creep Higher
8/11/2020 8:40 AM
Posted To: Pipeline PressMe: “I want to travel.” Bank account: “Where? To work?” Think of people in their 20s and 30s. They’ve grown up with 9/11, the Financial Crisis, and now this coronavirus. (If all you cared about was the stock market, in 1990 the Dow Jones...Read More
 
Pandemic Reveals Flaws in Loan Reporting
8/10/2020 3:17 PM
Posted To: MND NewsWireNew research by dv01, a loan data agent (LDA) providing securitization reporting and analytics on consumer unsecured, mortgage, small business, and student loans, says the pandemic has revealed serious weaknesses in the reporting structure for mortgages. The company found significant numbers of unr...Read More
 
MBS RECAP: Treasuries Looking Nervous, But MBS Outperform
8/10/2020 3:13 PM
Posted To: MBS CommentaryTreasuries Looking Nervous, But MBS Outperform Treasury yields are attempting to move up and over the technical ceiling at .57-.58. This could either signal a negative shift in momentum or merely trepidation ahead of this week's auction supply and stimulus headlines. MBS are ou...Read More
 
MBS Day Ahead: Bonds Sending Same Old Warning
8/10/2020 8:22 AM
Posted To: MBS CommentaryAugust began with bonds pushing several positive boundaries. 10yr yields had just broken a technical floor at .57//58 and 2.0 UMBS were enjoying a surge of momentum after weeks of resistance around a price of 103. To hear MBS tell the story, that positive momentum may have leveled ...Read More
 
FHA Jobs; Marketing, Cap. Mkts. Products; Webinars in the Comfort of your Home
8/10/2020 8:08 AM
Posted To: Pipeline Press“Paranoia is out of control: This morning, while reviewing this commentary, I sneezed in front of my laptop and the anti-virus software started a scan of its own!” The nation continues to brabble about health care, coin shortages, opening up and closing d...Read More
 
The Rate Also Rises
8/7/2020 5:24 PM
Posted To: Mortgage Rate WatchYears from now when scientists examine mortgage rates in July 2020, they"d be forgiven for coming to the conclusion that rates only ever move lower. As we"ve learned in the first week of August, rates also rise. To be fair, there were a few days in July where more than a few lender...Read More