Posted To: MND NewsWire A recent posting on the Urban Institute’s (UI’s) Urban Wire blog touched on six facts about the mortgage forbearance option mandated by the CARES Act for homeowners with federally backed mortgages. Some information came from weekly surveys by the Mortgage Bankers Association (MBA) and Black Knight[…]
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Posted To: MBS Commentary Bonds Making Case For Friendly Technical Bounce Last Friday, we were already eyeing the technical ceiling at .79% and asking "was that it?" A the new week begins with what some might call incredibly even-keeled and relatively ample bond buying demand, the case for technical bounce[…]
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Posted To: Mortgage Rate Watch Mortgage rates improved nicely today with the average lender more convincingly back under the 3.0% threshold for conventional 30yr fixed scenarios. In general, that refers to 740+ credit and 20% equity/down-payment on an owner-occupied single family home with a loan amount at or under the[…]
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Posted To: MBS Commentary Just like early June, we're once again forced to consider that several weeks of upward movement in yields means the lows are behind us for now. Just like early June, there are reasons to doubt that and reasons to fear it. On one hand , we[…]
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Posted To: Pipeline Press No one owns a crystal ball. It seems that the best LOs and CEOs keep up on the news and trends but focus on helping borrowers one at a time, regardless of predictions. If anyone predicted six months ago that a) the world would still find[…]
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Posted To: MND NewsWire Any decline in the number of mortgages in forbearance appears to have, at least temporarily, reached a plateau. For the second straight week Black Knight’s survey found little change; only 1,000 fewer mortgages were in plans during the week ended August 25 than during the previous[…]
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Posted To: MBS Commentary Nice Recovery Today, But Is It a Trap? If the Fed is doubling down on its inflation goals, it makes sense for bonds to be afraid–at least a little bit. But with today seeing yields hold the same ceiling as yesterday, are we already in a[…]
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Posted To: Mortgage Rate Watch Mortgage rates didn’t move much today, and the direction of that movement depends greatly on how any given lender reacted to the week’s big news from the Fed (more on that here ) and the FHFA (more on that here ). Some lenders lowered rates[…]
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Posted To: MND NewsWire Both government sponsored enterprises (GSEs) have announced that their nationwide suspension of single-family foreclosures and evictions has been extended through the end of the year. The suspension, one of several relief options Fannie Mae and Freddie Mac originally announced in March when the COVID-19 national emergency[…]
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Posted To: MBS Commentary Yesterday was "interesting," to say the least. The Fed surprised markets with another unscheduled policy update and bonds traded accordingly. The surprise in question was an exceedingly well understood shift in the Fed's inflation framework. And I'm not just speaking generally. Here are a few newswires[…]
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