Afternoon Market Updates
A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard
Some Positive Reprices Already, Maybe More if Recent Gains Hold
Several lenders have reported positive reprices after Fannie 3.5's broke and held 102-06. They moved as high as 102-10 before falling back down to test the 102-06 pivot. So far, it's held as support and prices are currently 102-07. Treasuries meanwhile have traded lower in yield in a volatile but linear path of consolidating trends (triangle). The longer MBS hold the 102-06 or higher, the better the chances that a few other lenders will reprice positively with 102-10 being the mark we'd think would result in a majority getting on board. Conversely on the weak side, a test of 102-03 would be slightly disconcerting while a break below would be more so.
Featured Market Discussion
Eric Franson : "REPRICE: 3:07 PM - Wells Fargo Better"
Lisa Alley : "REPRICE: 3:02 PM - Pinnacle Better"
Daniel Cruz : "REPRICE: 2:45 PM - Sun West Mortgage Better"
Andrew Peterson : "REPRICE: 2:45 PM - Interbank Better"
Craig LaBruno : "REPRICE: 2:17 PM - GMAC Better"
Aaron Peek : "REPRICE: 2:11 PM - Flagstar Better"
Craig LaBruno : "REPRICE: 2:09 PM - PHH Better"
Jason York : "REPRICE: 2:07 PM - Suntrust Better"
Oliver S. Orlicki : "This is the best resource in the industry"
Rob Clark : "second one for provi"
Rob Clark : "REPRICE: 1:33 PM - Provident Funding Better"
Dan Clifton : "capping at 150% LTV and for Fannie if over 105%you must get a PIW or they wont take the loan"
Dan Clifton : "flagstar rep just called with their Harp 2.0 overlay"
Victor Burek : "REPRICE: 12:31 PM - Plaza Better"
Jill Statz : "REPRICE: 12:14 PM - Flagstar Better"
Jill Statz : "REPRICE: 12:09 PM - Provident Funding Better"
Roger Moore : "REPRICE: 11:53 AM - NYCB Better"
Ira Selwin : "REPRICE: 11:23 AM - Franklin American Better"