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MBS Day Ahead: Weaker Retail Sales Casts Vote For Range-Holding

Posted To: MBS Commentary Wednesday's CPI data was akin to some passionate political orator making a case for the country to go to war against low rates. Yesterday's 30yr bond auction stepped in with a "not so fast" counterpoint, and now today's Retail Sales data (0.0 vs 1.0 forecast) gives[…]

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Underwriting, MLO Jobs; DPA, Non-QM, Customer Service Tools; Misc. Company News Indicates Trends

Posted To: Pipeline Press Let me start Friday with an apology… to Alaska. (I thought I saw an eye doctor on an Alaskan island, but it turned out to be an optical Aleutian.) Julie Moore (with Alaska USA Federal Credit Union) pointed out that, given my note yesterday about Jacksonville,[…]

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Mortgage Rates Are Actually HIGHER This Week

Posted To: Mortgage Rate Watch It’s Thursday and, thus, time once again to check in with the slew or mortgage rate headlines that typically follow the release of Freddie Mac’s weekly mortgage rate survey. Here are a few choice selections: “U.S. Mortgage Rates Fall for Second Week” “Mortgage Rates Continue[…]

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Next New Home Sales Report Should End Slump -MBA

Posted To: MND NewsWire That applications for mortgages to purchase newly constructed homes rose 30.8 percent in April compared to a year ago is not a particularly useful piece of data given the state the global economy was enduring in April 2021. However, it is good news that the Mortgage[…]

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MBS RECAP: Supply Storm Weathered (Could Have Been Worse)

Posted To: MBS Commentary Supply Storm Weathered (Could Have Been Worse) After yesterday's brisk sell-off in the bond market, today's 30yr bond auction was in a position to endorse the weakness or push back a bit. While it wasn't heroic, if we had to pick from those two choices, the[…]

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MBS Day Ahead: We'll Know More About The Ceiling After 30yr Bond Auction

Posted To: MBS Commentary Bonds are off to a much better start today vs yesterday (it wouldn't take much, consider yesterday was the worst day in 2+ months). This morning's producer-level inflation data was also stronger than expected, but fortunately, it's not nearly the same sort of market mover as[…]

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MLO, Ops Jobs; Cross-Border Lending, Processing, Recruiting Products; MBS Issuance Webinar; Quicken Name Change

Posted To: Pipeline Press People around the nation are “voting with their feet.” Illinois: Seven straight years of population declines . California: Losing population during a year for the first time in history . Do you ever think about the fact that one city, Shanghai, China, has more people living[…]

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Mortgage Rates Moving Higher After Inflation Data

Posted To: Mortgage Rate Watch After bottoming out at 2 month lows late last week, mortgage rates have been heading higher. At first, the move was relatively gradual, but the pace increased today after a key report on inflation came out much stronger than expected. Why do rates care about[…]

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MBS RECAP: Inflation Data Throws Down Gauntlet. Markets Panic

Posted To: MBS Commentary Inflation Data Throws Down Gauntlet. Markets Panic It's easy enough to imagine or even expect that near-term inflation spikes are transitory and that it will be a tall order to sustain core annual levels in the 2.5% neighborhood–especially when you're heading into the day with the[…]

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MLO, AE Jobs; Lead Gen, Turn Time, Jumbo Products; Guild/RMS Deal

Posted To: Pipeline Press Is Better.com worth $7.7 billion , as indicated by the SPAC deal announced yesterday? I guess things are worth the price at which a willing buyer and seller transact. For comparison, the book value of Rocket is $34 billion, UWM $10.9 billion, Guild Mortgage $876 million.[…]

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