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MBS RECAP: Big Scary Reversal in Bonds (Spoiler Alert: It Wasn't That Scary)

Posted To: MBS Commentary Big Scary Reversal in Bonds (Spoiler Alert: It Wasn't That Scary) Just as bonds were settling into a nice new trend toward lower yields, today comes along with the biggest intraday reversal in weeks. But even if the weakness was twice as big, bonds would still[…]

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Mortgage Market Ridiculously Good or Just Ridiculous?

Posted To: Mortgage Rate Watch It should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances in all corners of society. Here in the housing and mortgage markets, one of the first major manifestations of the crisis was a quick move to incredibly low rates.[…]

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MBS Day Ahead: Bonds' Already Hitting The Floor of The New Trend

Posted To: MBS Commentary Trend channels in financial markets are some of the most basic forms of analysis. They consist of lines drawn along the highs and lows of a charted security. When parallel lines can be drawn that connect more than a few highs and lows, you have a[…]

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Ops, LO, AE Jobs; Servicing, Lead, Marketing Products; Conventional Conforming Changes

Posted To: Pipeline Press Bubonic plague in China ? What’s next, frogs falling from the sky? Water turning into blood, darkness for three days? A big bank requiring $1 million in your account for some retail jumbo refis? Oh wait… that happened . (That’s one way to manage capacity.) Ivy[…]

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Biggest Drop yet in Forbearances Brings us Back to April's Levels

Posted To: MND NewsWire Black Knight’s weekly report on the numbers of mortgage loans in COVID-19 forbearance plans shows that a decline in those numbers of nearly a half million last week. More than 435,000 homeowners exited the plans, the largest drop yet. As of July 7, 4.14 million homeowners[…]

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MBS RECAP: Bonds Making a Case For a New Trend

Posted To: MBS Commentary Bonds Making a Case For a New Trend We've talked a lot about the linear uptrend in bond yields that began in April. It was defeated by the end of June and bonds began drifting sideways. But now they may be making a case for a[…]

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Sure, Rates Are Low, But It's Getting Harder to Get a Loan

Posted To: MND NewsWire Credit tightening is becoming more evident according to the Mortgage Bankers Association (MBA). Its Mortgage Credit Availability Index fell to a reading of 125.0 in June, a loss of 3.3 percent . A decline in the index indicates stricter lending standards. Joel Kan, MBA’s Associate Vice[…]

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Mortgage Rates Defy Odds, Improving Yet Again From Record Levels

Posted To: Mortgage Rate Watch There are two kinds of headlines about mortgage rates today: those that rely on the weekly survey-based data published each Thursday by Freddie Mac, and those who rely on the actual daily average rate compiled by Mortgage News Daily. In both cases , the headlines[…]

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Realtors Report that their Customers are Back

Posted To: MND NewsWire A new survey by the National Association of Realtors® (NAR) has found that the vast majority of its members feel as though their businesses are back on track. NAR says, “After enduring months of setbacks brought on by the coronavirus pandemic… more than nine in 10[…]

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LO Jobs; Marketing Products; Compliance News: Is a "like" a "thing of value"?

Posted To: Pipeline Press United Airlines may lay off 36,000? Bed, Bath, and Beyond closing 200 stores? Walgreen’s cutting 4,000? Yup. Lower rates won’t save those jobs, but we’ll have low rates for a long time. Things are different for residential lenders. When we began 2020, who thought things would[…]

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