July2020

MBS RECAP: All-Time Levels All Around. Here's How To Play It

Posted To: MBS Commentary All-Time Levels All Around. Here's How To Play It Another day, another opportunity for MBS prices to hit record highs and rates to–well… rates are just sort of kicking around a piece of ground in their home town (at all time lows), but notably, they're not[…]

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Should You Wait For Lower Rates?

Posted To: Mortgage Rate Watch Mortgage rates have fallen more aggressively than ever and they’ve been remarkably willing to set record after record. So is there any reason you shouldn’t wait for them to go even lower? This is an age old question any time rates fall to long-term lows.[…]

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FHA/VA Forbearances Continue to Climb

Posted To: MND NewsWire As of Wednesday, there were 4.102 million mortgages in forbearance plans. This is 7.7 percent of the 53 million loans in servicer portfolios. Black Knight said its weekly survey noted a 17,000-loan decrease in total forborne loans over the previous week. What remains represents $879 million[…]

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Servicing, Appraisal, Sales Jobs; Broker, Valuation Products; FHA, and Ginnie Changes; HUD Addresses the Self-employed

Posted To: Pipeline Press Whether it is Northern Virginia or Lake Tahoe , we’re running out of houses. The pandemic has caused a buyer feeding frenzy away from apartments and city cores. Heck, I can hardly wait to sell my house! The problem is… where would I live? So I’ll[…]

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MBS Day Ahead: Month-End; Breakout Confirmation; Mortgage Rates Stuck?

Posted To: MBS Commentary There's no doubt you'll see excellent mortgage rates when this morning's rate sheets come out. Many lenders will be at or below their previous all-time lows. Many others will be slightly above. And on average, rates will remain in trend that's better described as flat instead[…]

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Fannie and Freddie Remain Profitable Despite Mortgage Delinquencies

Posted To: MND NewsWire Both government supported enterprises (GSE) reported increased profits in the second quarter of 2020 compared to Q1. Fannie Mae said its net comprehensive income was $2.53 billion compared to $476 million and Freddie Mac’s quarterly results were 1.94 billion, an increase of $1.32 billion from the[…]

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JD Power Ranks Mortgage Servicer Satisfaction

Posted To: MND NewsWire The performance of mortgage loan servicers is lacking in the eyes of many of their customers, even this early in the pandemic driven recession. J.D. Power’s 2020 U.S. Primarily Mortgage Servicer Satisfaction Study found customers reporting long wait times to speak with customer service representatives and[…]

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MBS RECAP: Bonds Break The Range, But Mortgage Rates Are Dragging Their Feet

Posted To: MBS Commentary Bonds Break The Range, But Mortgage Rates Are Dragging Their Feet The simple version of the story: mortgage rates aren't moving lower nearly as quickly as the bond market suggests they should be. There are some very good reasons for that. Today's video discusses those as[…]

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LO, AE Jobs; Retention, Valuation Tools; LOS Survey; Economic News/Cap Markets

Posted To: Pipeline Press Lenders are “tonning it,” as indicated by Fannie Mae’s net income of $2.5 billion for the second quarter of 2020, compared with net income of $461 million for the first quarter of 2020. But with most of us hunkered down, the economy continues to hunker down[…]

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MBS Day Ahead: Q2 GDP Finally Arrives as Bonds Make Case For a Breakout

Posted To: MBS Commentary Cases are made all the time. Some of them are surefire victories from the start. Others lack the evidence required for a compelling conclusion. The bond market makes both kinds of cases and everything in between. Yesterday's version was definitely noticeable, but it remains to be[…]

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