June2020

MBS RECAP: Surprisingly Quiet Quarter-End Trading. No Objections Here

Posted To: MBS Commentary Surprisingly Quiet Quarter-End Trading. No Objections Here The last trading day of any given month (especially if it's also the end of a quarter) can often see elevated volatility without any obvious motivation (here's why). While that was sort of the case for Treasuries today, even[…]

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Best Month Ever For Mortgage Rates

Posted To: Mortgage Rate Watch Mortgage rates managed another slight improvement today, which means the average lender is offering new all-time low rates for the 4th time this month. Even if rates had lurched unexpectedly higher today, June still would have gone down as the best month in the history[…]

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Home Prices "Remarkably Stable" in April

Posted To: MND NewsWire Home prices continued to hold up on a national basis in April. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, reported a 4.7 percent annual gain in April, up from 4.6 percent in March. The National Index posted a[…]

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Servicing, Inspection, Loss-mit Products; CFPB's Structure to Change; Ginnie Adjusts Pooling Requirements

Posted To: Pipeline Press Some days you don’t learn much, other days you learn a lot (skip the ad). We’ve learned that COVID is driving our economy, not fundamental economic news, and at this point virologists have better forecasts than economists. Appearing with Treasury Secretary Mnuchin today before Congress, it[…]

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Supreme Court Rules Single CFPB Director Unconstitutional

Posted To: MND NewsWire The Supreme Court, in a 5-4 decision along partisan lines, took a chunk out of the intentions the Dodd-Frank Act had for the Consumer Financial Protection Bureau (CFPB) when it created it. The court ruled that the single-director structure of the agency is unconstitutional as is[…]

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MBS RECAP: Lock vs Float Considerations With Rates at All-Time Lows

Posted To: MBS Commentary Lock vs Float Considerations With Rates at All-Time Lows Stocks and bond yields are still in holding patterns relative to early June volatility. Meanwhile, mortgage rates are at all-time lows. There are scenarios where rates could improve, but the base case is quite the opposite. All[…]

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Mortgage Rates Continue at All-Time Lows, But Caveats Remain

Posted To: Mortgage Rate Watch Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows . Averages aside, several lenders are slightly higher than they were on Friday. Either way, the movement was minimal over the weekend. Beyond that, no conversation about[…]

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MSR, Marketing, Leads Products; Training and Webinars From Home

Posted To: Pipeline Press Does this mean we can no longer say, “Hindsight is always 2020”?! It’s too bad that the Tiger King is the most normal thing about 2020. For the people who still think it is a hoax, and pushing for your right to not wear a mask[…]

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Record Surge in Pending Home Sales

Posted To: MND NewsWire Lawrence Yun, chief economist for the National Association of Realtors® (NAR), predicted last month that April’s home sales contract activity “will be the lowest point for pending sales.” That turns out to have been a huge understatement–at least for now. This morning’s release of NAR’s Pending[…]

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MBS RECAP: The Trend is Officially Broken. Welcome Back To The Range

Posted To: MBS Commentary The Trend is Officially Broken. Welcome Back To The Range Bond yields moved lower today, thus breaking out of the prevailing trend. In so doing, they find themselves squarely back inside a longer-standing sideways range, which is a great place to be with rates at all-time[…]

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