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MBS RECAP: New Curveball as LLPA Just Got Delayed Until Dec 1

Posted To: MBS Commentary

New Curveball as LLPA Just Got Delayed Until Dec 1 There are two huddle videos today. The newest and most relevant one appears below as normal. It references the old one which you can find here if you like. Why the change? Between the time of recording and publishing the first one, news broke regarding the delay of the 50bp adverse market fee. While this DOESN'T mean rate sheets will improve by 50bps, it does mean that SOME lenders will ease up on their defensively positioned margins, thus netting clients a bit of a relative advantage (assuming bond markets play ball). Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) New Home Sales 901k vs 785k f'cast, 791k prev Consumer Confidence 84.8 vs 93.0 f'cast , 91.7 prev Market Movement Recap 08:23 AM "risk…(read more)

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