August2020

Non-Agency Loans are in Need of Forbearance Assistance Too

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[…]

Read More »

MBS RECAP: Some Reassurance, But We’re Not Out Of The Woods

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[…]

Read More »

Lowest Mortgage Rates in 3 Weeks

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[…]

Read More »

MBS Week Ahead: Brave New World or Business as Usual

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[…]

Read More »

Sales Jobs; Forbearance, Correspondent, Title, Broker Products; Lots of Training and Virtual Events

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[…]

Read More »

Fewer Homeowners Leaving Forbearance

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[…]

Read More »

MBS RECAP: Nice Recovery Today, But Is It a Trap?

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[…]

Read More »

Mortgage Rates Are Handling The Fed News Very Well. Here's Why

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[…]

Read More »

Fannie/Freddie Extend Foreclosure Relief to Year's End

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[…]

Read More »

MBS Day Ahead: Is The Fed's Surprise Announcement Actually Completely Logical?

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[…]

Read More »
1 2 3 12