December2020

MBS RECAP: Token Gains, Light Volume, Early Close

Posted To: MBS Commentary Token Gains, Light Volume, Early Close Bond market focus remains on the Georgia senate run-off election day on January 5th. Today was a non-event… a place holder in the grand scheme. Any movement today was bound to be incidental. As it happened, that movement was friendly,[…]

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MLO, Ops Jobs; Lender Wanted; Small Business Grant; Ignore the CFPB at Your Own Peril

Posted To: Pipeline Press I still don’t know what I’m wearing to the living room on New Year’s Eve. Heck, I may not even go. Wouldn’t it be nice to be on a cruise? Ever heard of the SS Warrimoo? Me neither until a few trivia-loving readers sent me emails[…]

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MBS Day Ahead: Early Close and Bigger Fish to Fry Next Week

Posted To: MBS Commentary With Europe and Japan out on holiday, bonds had the lightest overnight session of the year today, and domestic hours won't be much better apart from a flurry of compulsory month-end volume heading into the early (2pm ET) close. Even if we see some movement, we[…]

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MBS RECAP: Bonds Sticking to Year-End Script

Posted To: MBS Commentary Bonds Sticking to Year-End Script Bonds did a perfect job sticking to their year-end script today. It reads: "ZZZzzz…" MBS made some token gains during the AM hours, but not to such an extent that we should feel compelled to investigate. Treasuries were rallying at the[…]

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Credit/Risk, MLO, Ops Jobs; Agency-Approved Lender Wanted; Sales, RentalProducts; Primer on Secondary Marketing for MLOs

Posted To: Pipeline Press Loan originators in our business see potential borrowers whose monthly mortgage payments would be less than their rent payments but don’t qualify for credit or income reasons. The U.S. Census Bureau published some findings on workers being hardest hit by the COVID-19 pandemic. Self-employed workers are[…]

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Pending Home Sales Slide a Bit After Banner Year

Posted To: MND NewsWire Pending home sales slid for the third straight month in November and the 2.6 percent decline was the largest of the three. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a leading indicator of sales of existing single-family homes, townhomes, condominiums,[…]

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MBS Day Ahead: Last Econ Data of The Year and More Political Uncertainty

Posted To: MBS Commentary Election years always bring increased uncertainty to financial markets–some more than others. This is definitely one of those years–not because of covid, but rather because full control of lawmaking by a single political party hangs in the balance. Bonds may indeed wait to make their next[…]

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Mortgage Rates Closing Out The Year at Record Lows

Posted To: Mortgage Rate Watch For all practical purposes, the year is over when it comes to mortgage rate volatility. True, there is some small chance that political developments conspire to push rates just a bit higher in the next two days, but the damage would be insignificant in the[…]

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MBS RECAP: Bonds on Cruise Control Unless Senate Approves Stimulus Upgrade

Posted To: MBS Commentary Bonds on Cruise Control Unless Senate Approves Stimulus Upgrade Barring an unexpected vote (and passage) of the $2k stimulus upgrade, bonds are on cruise control heading into the end of the day/week/year. Even then, the Georgia senate race is a bigger risk for the bond market[…]

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MBS Day Ahead: Upsized Stimulus Still a Risk For Bonds

Posted To: MBS Commentary With Trump signing the covid relief and government funding bill last week, the bond market had seemingly moved past its downside risks as they related to stimulus. But just when you thought we were out of the woods, there's more stimulus to consider! In fact, the[…]

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