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MBS RECAP: Modestly Strong, Uneventful Trading Day, Version 3

Posted To: MBS Commentary Modestly Strong, Uneventful Trading Day, Version 3 Last week conditioned us for Drama. Monday and Tuesday suggested the ride wasn't yet over. Against that unpleasant backdrop, the last 3 days of the week have been completely unfamiliar–especially today. The trading range was the narrowest of the[…]

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780K Loans Due for Forbearance Extension or Removal

Posted To: MND NewsWire The number of loans in forbearance declined by 18,000 during the week ended September 21 and by another 11,000 during the week ended September 28. The declines over the two weeks brought the total number of loans remaining in plans to 1.567 million, 3 percent of[…]

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Freddie Mac Mortgage Portfolio Reverses Four Month Decline

Posted To: MND NewsWire Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 23.7 percent in August compared to an 8.4 percent gain in July. The portfolio balance at the end of the period was $3.093 trillion compared to $3.033 trillion the prior[…]

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Mortgage Limits Have NOT Changed (Yet)

Posted To: Mortgage Rate Watch The conforming loan limit is set by the Federal Housing Finance Agency (FHFA). Mortgages under that amount generally have the lowest effective rates, and in some cases are easier to qualify for. With prices appreciating rapidly in the past year, a big increase in the[…]

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MBS Morning: New Month, New Quarter, New Range?

Posted To: MBS Commentary Today is off to a relatively tame start with yields trading in the narrowest range of the week so far. It also marks the 3rd straight day of modest recovery and ground-holding following 4 straight days of heavy selling that began last Thursday. That selling spree[…]

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MLO Jobs; Loan Products; Purchase, CU, Servicing, Warehouse Tools; FHA and USDA Moves; Rates Treading Water

Posted To: Pipeline Press Although most states don’t “fall back” and change the clocks until November 7th, losing 3-4 minutes of daylight a day is now readily apparent, and it’s that time of year again when Thriller ” starts appearing on radio playlists. Which reminds me, you know you’re old[…]

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MBS RECAP: Do Today's Gains Mean The Selling Spree is Over?

Posted To: MBS Commentary Do Today's Gains Mean The Selling Spree is Over? After some initial weakness brought 10yr yields back in line with yesterday's highs, bonds managed to calm down enough eke out a small victory by the 3pm close. This is a welcome change in light of the[…]

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MBS Morning: Holding Ground is Both Good and Bad Right Now

Posted To: MBS Commentary In case you missed it, things have been bad for bonds since last Thursday. A combination of factors conspired to push yields higher at the fastest pace since the springtime surge credited to vaccines, plummeting case counts, and fiscal policy. Incidentally, all 3 factors remain in[…]

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Management, TPO, MLO Jobs; Non-QM, Jumbo, Rate Sheet, Pooling Products; Events and Training

Posted To: Pipeline Press The end of the third quarter is here already. The fate of Fat Bear Week hangs in the balance given the possible government shutdown. (Although the odds of a shutdown are shifting, here is how it would impact lenders & borrowers .) The focus of financial[…]

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MBS RECAP: Token Rally a Small Concession For Recent Selling Spree

Posted To: MBS Commentary Token Rally a Small Concession For Recent Selling Spree After 4 straight days of heavy selling pressure, bonds finally found their footing today. Pessimists took offense to the underwhelming size of the rally while optimists were grateful that it didn't end up being a 5th day[…]

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