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MBS RECAP: Still a Decent Week Despite Friday Slide

Posted To: MBS Commentary Still a Decent Week Despite Friday Slide Thursday morning was exceptionally strong for bonds–perhaps too strong, with too much influence from artificial factors like short-covering and tech-triggered algos. Today's modest weakness reinforces a more sober assessment of the recent trend, and although rates aren't as low[…]

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Best 2 Weeks For Rates in Nearly a Year

Posted To: Mortgage Rate Watch The bond market has been pointing toward higher rates since last August. Mortgage rates were able to defy that trend at first, but finally began spiking in the new year. February and March were two of the worst back-to-back months in years. The higher rates[…]

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MBS Day Ahead: This Is The Shift. Now It's About Time and Scope

Posted To: MBS Commentary For virtually all of 2021 (and much of Q4 2020), we've been tracking an uptrend in Treasury yields. As the overall move grew to a size rarely seen in the past few decades, we were increasingly eager to see a token correction for technical reasons (i.e.[…]

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New Home Purchase Applications Ramping up for Spring

Posted To: MND NewsWire True to tradition, new home sales appear to have moved higher in March as the calendar closed in on the start of the spring market. The Mortgage Bankers Association (MBA) estimates sales of newly constructed homes increased by 7 percent compared to February and are 12[…]

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COVID-19 Forbearance Decline Hits Mid-Month Lull

Posted To: MND NewsWire There was little change in the number of active forbearance plans over the past week, but Black Knight reminds, in its regular Friday report, that this it was simply another mid-month lull as servicers finished processing the prior month’s expired plans. Even so, the number of[…]

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Housing Starts Reach Highest Levels Since 2006

Posted To: MND NewsWire Residential construction recovered in March after a serious decline the prior month. The U.S. Census Bureau and Department of Housing and Urban Development said all three measures rose, with housing starts hitting a 15 year high . Some regional increases topped 100 percent. Permits for residential[…]

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Lock Desk, MLO, Underwriter Jobs; POS, Workflow, Digital Tools; Agency's Trend: Not Our Friend?

Posted To: Pipeline Press Suddenly everyone’s ruminating on upcoming mergers and acquisitions (and there will definitely be some), but in the lower management ranks, lenders are already shifting their hiring practices , and taking a careful measure of production and productivity. Will we ever run out things to measure? The[…]

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Mortgage Rates Falling Quickly to Lowest Levels in Weeks

Posted To: Mortgage Rate Watch It’s no secret that mortgage rates had a rough month in March and a rough year in general. The average lender raised 30yr fixed rates by roughly half a percent in February and March alone. But April has proven to be an entirely different sort[…]

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MBS RECAP: Snowball Rally For Bonds! Why? And What Next?

Posted To: MBS Commentary Snowball Rally For Bonds! Why? And What Next? Heading into today, we expected the bond market to ignore potentially stronger Retail Sales data. Not only did bonds overlook the big beat (9.8 vs 5.9 f'cast), but they actually rallied in response. This was made all the[…]

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AE, Ops, Sales Jobs; Sec. Mktg., NOI, QC, Diversity Products; NewRez/Caliber Deal; Servicing Retention Study

Posted To: Pipeline Press There are some clever people out there, especially when it comes to satisfying demand . Lenders know that mortgage pricing is a function of supply and demand. If one investor doesn’t want your non-owner loans, for example, some other investor will, whether it is a Wall[…]

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