Delivered to over
70,000+ industry professionals
each day, the Daily Newsletter is the
definitive recap of the day's most
relevant mortgage and real estate news and data. View the latest Newsletter below.
View our most recent newsletter below, or use the date selector to view past newsletters.
Apparently we aren't all procrastinators. Black Knight Financial Services looked at Internal Revenue Service (IRS) filing statistics and how they relate to loan level mortgage performance data for its current edition of Mortgage Monitor and found that 40 percent of tax filers are in and done by the first week in March. In fact, half of that number or one in five have finished and filed their returns within the first two weeks of tax season. The company says incentive plays a role in this diligence as Americans who file early are more likely to be expecting a refund. On average, they also receive a larger refund than those who file later. The average refund for those filing on or before February 5 th was $3,400, more than 35 percent higher than the refund for those filing in early April and
|
Housing News
|
|
|
Apparently we aren't all procrastinators. Black Knight Financial Services looked at Internal Revenue Service (IRS) filing statistics and how they relate to loan level mortgage performance data for its current edition of Mortgage Monitor and found tha... (read more) |
|
|
Rob Chrisman
|
|
|
Tomorrow we’ll take a deep look at potential future Dodd-Frank changes , but for something more concrete the Census Bureau told us that U.S. home ownership last quarter stood at nearly 64%. This is a slight rebound from its 52-year low in the s... (read more) |
|
|
MBS Commentary
|
|
|
There is almost no significant economic data on tap for this week. Friday is really the only contender with Import/Export Prices and Consumer Sentiment. Neither of those are typically big market movers, but both may get more attention t... (read more) |
|
|
Mortgage Rate Watch
|
|
|
Mortgage rates moved lower today as investors sought safe haven from global political risk in the bond market. When investor demand for bonds increases, rates generally fall, all things being equal. Today's improvement was fairly healthy, too. You'd ... (read more) |
|
|
Mortgage Rate Watch
|
|
|
Mortgage rates were noticeably lower this morning as bond markets responded favorably to the important jobs report. While the headline job growth was stronger than expected (typically bad for rates), wages came in much lower than expected and were re... (read more) |
|
|
MBS Commentary
|
|
|
Nonfarm payrolls came in at 227k vs a median forecast of 175k. This fact, in and of itself, would almost always be grounds for bond market weakness, but that wasn't the case today. Mitigating factors abound:
1. The 175k forecast was o... (read more) |
|
|
|
|
