Mortgage News Daily:
MBS RECAP: Traders Move to Sidelines Ahead of Fed Announcement
9/17/2021 3:33 PM
Posted To: MBS CommentaryTraders Move to Sidelines Ahead of Fed Announcement September's big Fed announcement doesn't hit until next Wednesday, but it's not too early for markets to freak out about it a little bit. The fear is expressed in the form of a move to the sidelines for both stocks and...Read More
Rates at 2-Month Highs Ahead of Fed Week
9/17/2021 3:27 PM
Posted To: Mortgage Rate WatchMortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week"s Fed announcement. In other words, investors sold bonds (among other things) and in the bond market, selling pressure means lower prices and higher rates,...Read More
New Forbearance Plans and Reentries Rise
9/17/2021 12:24 PM
Posted To: MND NewsWireBlack Knight says that the number of active forbearance plans continued to fall over the last week, but also noted an uptick in both new plans and reentries to the program , primarily among VA and FHA loans. The number of active forbearances dropped by 22,000 or 1.4 percent during the week ended Se...Read More
Flipping Transactions Increase, Profits Do Not
9/17/2021 12:19 PM
Posted To: MND NewsWireThe number of homes flipped by investors grew by 3.5 percent in the second quarter of the year. It was the first increase in more than a year. ATTOM says its second quarter U.S. Home Flipping Report shows that 79,733 single-family homes and condominiums in the United States were flipped during that...Read More
Fed Ethics Rules Get High-Powered Review
9/17/2021 10:21 AM
Posted To: MND NewsWireAnother powerful group of federal officials are in the hotseat after details of their personal finances were revealed. While there are no accusations of wrong-doing (unlike the case of several senators who faced ethics reviews in 2020), the financial disclosures of several Fed presidents have promp...Read More
MLO, Dir. of Sales, Controller Jobs; HELOC, DPA, Blockchain, CRM, Sales Tools; FHA and VA News; PSPA Thoughts
9/17/2021 10:19 AM
Posted To: Pipeline PressSome things stick with you , some don’t. Many of the topics covered here in Atlanta’s NAMMBA Connect 2021 will stick with folks since they mirror what various companies have their eye on. Social media best practices, modern appraisal technology and new va...Read More
MBS Day Ahead: Bonds Testing Weakest Levels in 2 Months
9/17/2021 9:07 AM
Posted To: MBS CommentaryThe headline is a bit dramatic, but not untrue. 10yr yields were as high as 1.351 yesterday--just a moderate day of weakness away from the 2-month high of 1.385 seen at the start of last week. Before that, there were two other bounces in similar territory (1.379 and 1.375). That pu...Read More
Highest Rates in a Week After Surprisingly Strong Economic Reports
9/16/2021 3:20 PM
Posted To: Mortgage Rate WatchMortgage rates moved higher again today, bringing the average lender to the worst levels since last Thursday. There are a few exceptions to that due to recent regulatory changes. Specifically, many lenders made improvements to loans for 2nd homes and investment properties. That"s t...Read More
MBS RECAP: Uneventful Afternoon After Strong Data Sends Yields Higher
9/16/2021 2:54 PM
Posted To: MBS CommentaryUneventful Afternoon After Strong Data Sends Yields Higher Today's key development was the duo of much stronger economic reports at 8:30am (Philly Fed and Retail Sales). Indeed, this accounted for the only interesting moments of the day. 5 minutes later, both MBS and Treasuries...Read More
Refis and Purchasing Split Originations in July
9/16/2021 10:02 AM
Posted To: MND NewsWireRefinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancing. Refinancing, however, continued to dominate the conventional market a...Read More