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Mortgage Rates Hold Steady Over Holiday Weekend

Posted To: Mortgage Rate Watch Although many mortgage lenders were technically open for business last Friday, it’s a well-known unofficial holiday. Mortgage rate movement requires bond market movement, and the post-Thanksgiving Friday invariably sees fewer traders trading fewer bonds. Even when bonds do manage to move, the people in charge[…]

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MBS RECAP: Uneventful Month-End Day For Bonds, But MBS Outperform

Posted To: MBS Commentary Uneventful Month-End Day For Bonds, But MBS Outperform Final trial results for Moderna's vaccine (it's still really good, by the way) failed to produce a huge reaction in markets overnight, but it did coincide with higher Treasury yields to start the day. As bonds recovered, MBS[…]

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Production, Ops Jobs; VA, VA IRRRL, Non-QM Products; USDA, FHA, VA Stats

Posted To: Pipeline Press Thank you to Tracy C. sent, “An unemployed court jester is nobody’s fool.” There are millions of unemployed U.S. citizens, and the CFPB, HUD, and other federal agencies have partnered to encourage homeowners who are struggling financially, unemployed or not, as a result of the COVID-19[…]

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October Pending Home Sales Continue Their Decline

Posted To: MND NewsWire Pending home sales, which ended a four-month streak of gains in September with a 2.2 percent decline, slipped further in October. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a measure based on contracts signed during the month to purchase existing[…]

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Dig Out the Mittens – December Offers the Best Home Buying Bargains

Posted To: MND NewsWire While this COVID-19 positive year has certainly been an exception, spring is usually considered the optimum time , on both sides of the transaction, to buy or sell a home. A new study, by ATTOM Data Solutions, indicates that one side of the equation could be[…]

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Loan Limits Increase Nearly 7.5 Percent

Posted To: MND NewsWire The Federal Housing Finance Agency (FHFA) has released the new conforming loan limits which will be in place next year for mortgages acquired by the GSEs Fannie Mae and Freddie Mac. In most of the U.S., the 2021 maximum conforming loan limit (CLL) for one-unit properties[…]

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MBS Day Ahead: Bonds Solidifying Last Week's Gains. Busy Data Week Ahead

Posted To: MBS Commentary Thanksgiving week can't ever be fully trusted to provide an accurate glimpse of market momentum. In this year's case, it didn't really say much anyway. Bonds lost ground at first, but ultimately rallied back to unchanged levels on the week. Most of the move happened on[…]

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Forbearances Trending Slightly Higher, Well Below 2020 Peak Levels

Posted To: MND NewsWire Despite a second consecutive modest weekly increase , the number of loans in forbearance continue to trend well below those at the peak of the COVID-19 pandemic. Black Knight said there was an uptick of 27,000 loans in forbearance plans during the period ended November 23.[…]

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MBS Day Ahead: Without Any Surprises, It's Just Another Weekend Trading Day

Posted To: MBS Commentary For the US bond market, the day after Thanksgiving is frequently a reflection of the EU bond market. Strength in EU bonds translated to 10yr yields improving by 2bps (.862%). To be more precise, EU markets and US futures markets were still open yesterday. Stocks and[…]

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High level Ops, Implementation Jobs; Demographics for MLO's: Who's Locking and Who's Not?

Posted To: Pipeline Press Left over pumpkin pie for breakfast today? Have you begun your company’s Holiday Cookbook yet? (Help corporate culture by sending an email, ad a recipe, send it on to someone else working from home, keep it going.) Remember when “flexible” working arrangements made the news? For[…]

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