April2021

Victory For Rates; Hope For Housing Inventory?

Posted To: Mortgage Rate Watch 2021 hasn’t been a great year for mortgage rates–at least not as far as their trajectory is concerned. But that could be changing . Even if things don’t get any better from here, the past 3 weeks are collectively the best we’ve seen since January.[…]

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MBS RECAP: Respectable Recovery After Morning Drama

Posted To: MBS Commentary Respectable Recovery After Morning Drama "Drama" may be a bit of an overstatement, but bonds were weak enough this morning to cause some concern about the week's prevailing message (i.e. that the 2021 uptrend in rates is strongly considering taking the month off in April). As[…]

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Sales Mgt., MLO Jobs; Non-QM, Processing, ECOA, Subservicing Tools; Administration and Housing

Posted To: Pipeline Press What’s new out there? Queen Elizabeth’s husband Prince Phillip has passed away this morning at age 99. Wealthy people in New York seem to be fleeing to live in other states with a lower tax rate. Both Freddie Mac and Fannie Mae released QM loan information[…]

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Forbearance Decline Largest in Six Months

Posted To: MND NewsWire Black Knight reports that the number of loans in forbearance programs declined last week for the sixth straight time and it was the largest drop in six months . As of April 6, the number of loans in active plans was 2.312 million or 4.4 percent[…]

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2020 Property Tax Increases Outpaced Inflation

Posted To: MND NewsWire American home owners received bills for $323 billion in property taxes last year, a 5.4 percent increase from $306.4 billion in 2019. ATTOM Data Solutions says that the average bill for each of the 87 million single-family homes in the country was $3,719, an effective tax[…]

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MBS Day Ahead: Overnight Losses Provide Reminder About Complacency

Posted To: MBS Commentary Yesterday's closing commentary, entitled "Stronger Case For Stability But Not Complacency" acknowledged the reassuringly sideways vibe offered by the first 4 days of this week's trading but warned "without some fundamental shock to the economy or covid outlook, we won't be surprised if this rally has[…]

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MBS RECAP: Stronger Case For Stability, But Not Complacency

Posted To: MBS Commentary Stronger Case For Stability, But Not Complacency With today's solid gains, this week becomes the best argument we've seen for a shift in 2021's rising rate trend. Without some fundamental shock to the economy or covid outlook, we won't be surprised if this rally has a[…]

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Mortgage Rates Lowest in Nearly a Month

Posted To: Mortgage Rate Watch Mortgage Rates had another decent day on Thursday with the average lender offering modestly better terms compared to yesterday. Improvements continue to arrive in fairly small doses, but they’ve been adding up . You’d have to go back nearly a month to March 12th to[…]

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MBS Day Ahead: Trying to Set a New Thursday Trend

Posted To: MBS Commentary 2 weeks ago, we talked about 2021's Thursday curse . It was finally broken last week . Today's early gains mean we may be looking at a second consecutive winning Thursday for bonds, but we'll reserve judgment until the close. Even if yields end up lower,[…]

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Jumbo Loans Easier to Obtain as Economy Recovers

Posted To: MND NewsWire Non-government lenders continue to return to mortgage lending after fleeing at the start of the pandemic. The Mortgage Bankers Association (MBA) says this has helped increase the supply of jumbo mortgages for six straight months and helped drive MBA’s Mortgage Credit Availability Index (MCAI) up slightly[…]

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