June2021

AE, MLO Jobs; Ignite, Servicing, MIP Tools; Industry Weighs in on Disclosure Process for Juneteenth

Posted To: Pipeline Press When my Dad retired from the navy in 1962 after 20 years, he found a job through the Want Ads in the newspaper. I post jobs here, through the wonders of technology, nearly every day. But hey, why don’t you target veterans with your job openings?[…]

Read More »

MBS Day Ahead: Bond Market in Midst of "Repricing," But Not The Kind You're Used To

Posted To: MBS Commentary Our typical definition of "repricing" has to do with mortgage lender reprices, but the term has always existed beyond our little corner of the market. There are times when the general price environment is stable for certain assets and there are times when something comes along[…]

Read More »

MBA Expects Another Drop in New Home Sales

Posted To: MND NewsWire The Mortgage Bankers Association (MBA) is predicting another decline in new home sales. The Association’s Builder Application Survey (BAS) for May found a 5.9 percent decrease in applications for new home purchase mortgages compared to a year earlier. Compared to April 2021, applications were down 9[…]

Read More »

No, Mortgage Rates Aren't Lower Today!

Posted To: Mortgage Rate Watch It’s Thursday on a volatile week for the bond market and thus time, once again, to play our favorite game: “no, rates didn’t really do that.” Sometimes, a majority of mortgage rate headlines say rates went higher when they’re really lower. In today’s case, rates[…]

Read More »

MBS RECAP: Strong Showing For Longer-Dated Bonds

Posted To: MBS Commentary Strong Showing For Longer-Dated Bonds With the Fed's dot plot in focus yesterday, the associated drama was heavily weighted toward the short end of the yield curve. Relative to recent stability, 2yr Treasuries got destroyed while 30yr Treasuries were barely touched. MBS lean a bit shorter[…]

Read More »

Inflation Holds Key to Fannie Mae's New Forecast

Posted To: MND NewsWire Fannie Mae’s economists have revised a lot of their forecast from last month as new data has come in. The outlook for the 2021 GDP has been revised modestly to 7.1 percent from 7.0 percent on a Q4-over-Q4 basis. The revision was due to data indicating[…]

Read More »

MBS Day Ahead: Bonds Building a Case For Resilience

Posted To: MBS Commentary After Wednesday's Fed-inspired rout, bond yields have done a great job finding support in the 1.56-1.59% area overnight amid high volume trading. All other things being equal, and purely from a technical standpoint, this speaks to a good case for resilience. The 1.56-1.59 area has generally[…]

Read More »

MLO Jobs; Secondary Marketing, SaaS, Purchase Tools; Fannie Addresses NOO and 2nd Home Policy

Posted To: Pipeline Press Fortunately for much of the rest of the United States, lumber prices have been falling since May, hopefully cutting the money required for new construction. Criminals often go to where the money is, and lenders must implement steps to stop wire fraud and to give their[…]

Read More »

MBS RECAP: Bonds Blasted By Fed's Salty Dots

Posted To: MBS Commentary Fed's Salty Dots Rock Bonds As feared/anticipated, today was all about the "dots" (the dot plot that shows Fed members' views of the Fed Funds Rate over time). Even though Powell reminded markets, yet again, to take the dots with a big grain of salt, the[…]

Read More »

Rates Jump After Fed Announcement

Posted To: Mortgage Rate Watch Mortgage rates were already drifting higher in the first half of the week, but that was nothing compared to today. This afternoon’s Fed Announcement was certainly on the radar as a potential source of volatility. Needless to say, it delivered. But how much did it[…]

Read More »
1 2 3 8