mortgageleadnet

Credit, AE, MLO, Branch Jobs; Automation, FHA/VA, Fintech, URLA Products; Events and Training

Posted To: Pipeline Press Let’s start the week with a gaggle of questions. Do you feel old knowing that Taylor Swift is older than the four Beatles were when they broke up? Have you heard of “suspicious foreign players” passing themselves off as underwriters in applying for jobs? Have you[…]

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MBS Week Ahead: Weak Range Persists; Minimal Impact From Stimulus Passage

Posted To: MBS Commentary Over the past 3-4 months, the prospect of fiscal stimulus has done major damage to the bond market. It wouldn't have been a surprise to see more weakness this morning due to the confirmation that the full $1.9 trillion made it through the senate (which is[…]

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Black Knight's Deep Dive Into Equity, Forbearance, and the Future Rate Environment

Posted To: MND NewsWire Last year was a record setting one when it comes to mortgage origination according to Black Knight’s January Mortgage Monitor. It puts the total volume of originations during 2020 at $4.3 trillion, the highest in the company’s records. Refinance originations, to no one’s surprise were also[…]

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Rates Rising Relentlessly, But Why? And When Will They Stop?

Posted To: Mortgage Rate Watch Interest rates can’t seem to catch a break. February was one of only a handful of months in the past 2 decades that resulted in a 0.50% mortgage rate spike. Despite hopes to the contrary, March isn’t off to a great start either. Paradoxically, this[…]

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MBS RECAP: Huge Jobs Report, Logical Weakness, and a Nice Bounce, But…

Posted To: MBS Commentary Huge Jobs Report, Logical Weakness, and a Nice Bounce, But… Bonds did quite well today considering Powell's endorsement of higher rates (yesterday) combined with this morning's significantly stronger jobs report. Most of the push back was seen in MBS, however, and even then, closing levels are[…]

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CFPB Extends Compliance Date for New QM Rule

Posted To: MND NewsWire The Consumer Financial Protection Bureau (CFPB) has proposed to delay the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022. The rule, proposed last June, is designed as a replacement for the so-called GSE patch. CFPB[…]

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Rate of Forbearance Improvement Slows as March Expiration Looms

Posted To: MND NewsWire As Black Knight has repeatedly predicted, end of February expirations drove the number of mortgage loans in forbearance lower this past week. There was a decline of 22,000 loans in forbearance plans during the week ended March 2, an 0.8 percent decline. Black Knight says that[…]

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UI Urges Abandoning New Fannie/Freddie Amendments

Posted To: MND NewsWire A new policy paper from the Urban Institute (UI) looks at the recent amendments to the senior preferred stock purchase agreement (PSPA) agreed to by outgoing Treasury Secretary Steven Mnuchin and Mark Calabria, Director the Federal Housing Finance Agency (FHFA) on January 14, 2021. The PSPA[…]

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MBS Day Ahead: Huge Jobs Report; Bonds Weaker, But Surprisingly Resilient to Start

Posted To: MBS Commentary Today began with Nonfarm Payrolls coming in at 379k vs 182k forecast. Last month's numbers were revised up to 166k from 49k. The unemployment rate ticked down a hair without being offset by a drop in the labor force participation rate. The hourly work-week returned to[…]

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Recruiting, Training, MLO, AE Jobs; DPA, Tech Products; Principals and Attorneys Weigh in on Wholesale Tumult; Strong Jobs Data!

Posted To: Pipeline Press In the legal field, virtual litigation is thought to be here to stay, vaccine or no vaccine. And as the pandemic continues, and remote hiring continues for lenders, CEOs, owners, and managers are grappling with the thought of having scattered workforces going forward, and there will[…]

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