Fri, May 17 2019, 3:35 PM
Wednesday was the best day this week for Mortgage rates with the average lender at the lowest levels in more than a month and very close to the lowest...
Fri, May 17 2019, 8:57 AM
A capital markets friend relayed this note recently received from an LO. “When do you think stated pick-a-pay products will come back? I have some bor...
Fri, May 17 2019, 8:53 AM
In the day just past, bonds enjoyed a break in trade-related headlines, an absence of new Italy/EU drama, and a reasonably informative set of economic...
Fri, May 17 2019, 8:09 AM
Refinancing held on to a 35 percent share of mortgage originations in April according to the Origination Insight Report from Ellie Mae as the 30-year ...
Thu, May 16 2019, 5:57 PM
Bonds finally moved in a less friendly direction today after 3 solid days of gains. The losses were logical, though, considering an absence of geopol...
Thu, May 16 2019, 4:37 PM
Mortgage rates hit the lowest levels in more than a month yesterday and came very close to the lowest levels in more than a year. Things changed today...
Thu, May 16 2019, 12:42 PM
Applications for new home purchases jumped 15.6 percent in April compared to a year ago and were 3.0 percent higher than in March. The Mortgage Banker...
Thu, May 16 2019, 9:59 AM
There was a small gain in residential construction permitting in April while housing starts rose strongly , both reversing their unexpected declines i...
Thu, May 16 2019, 9:34 AM
Lender Products and Services My AMC, LLC is pleased to announce the hiring of Carolyn Covington as Sales Account Executive working in the Dallas, TX o...
Thu, May 16 2019, 7:54 AM
In the day just past, bonds rallied profusely on news that Italy would defy EU budget rules in laying out expenditures to stimulate its economy, thus ...
Wed, May 15 2019, 5:07 PM
Interestingly enough, the most interesting thing that happened to the bond market today happened in the overnight session. It accounted for most of...
Wed, May 15 2019, 4:48 PM
Mortgage rates have had a few first world problems to complain about recently. Well, there's really only been one: a relative inability to keep pace w...
Wed, May 15 2019, 10:42 AM
New home builders finally got a little wind under their wings this month. The National Association of Home Builders (NAHB) said its NAHB/Wells Fargo H...
Wed, May 15 2019, 10:09 AM
Delinquency rates popped up in the first quarter, pushing the percentage of mortgage loans that were behind by at least one payment up 36 basis points...
Wed, May 15 2019, 9:55 AM
The National Association of Home Builders (NAHB) is seeing some softening in the residential remodeling sector. Carmel Ford noted in an article in NAH...
Wed, May 15 2019, 9:07 AM
As we nip at the lowest interest rates in 2019, banking regulators are directing their attention to the declining quality of certain farm loans . A Fe...
Wed, May 15 2019, 8:27 AM
In the day just past, bonds put in an extremely calm trading session with the lowest volume and volatility in weeks. Treasuries ebbed inconsequential...
Wed, May 15 2019, 8:05 AM
One week after posting the first positive results in five weeks, mortgage application activity fell off again. The Mortgage Bankers Association (MBA) ...
Tue, May 14 2019, 4:41 PM
From a volume standpoint, today was only a bit more than half as big as the highest recent days. And you'd have to go back to April to find anyth...
Tue, May 14 2019, 4:22 PM
It's been a while since the bond market (which dictates rates) has been able to digest what we would consider to be a "top tier" economic report. Why ...
Tue, May 14 2019, 11:38 AM
According to Lawrence Yun, chief economist for the National Association of Realtors® (NAR), a typical homeowner in the U.S. saw his or her housing wea...
Tue, May 14 2019, 10:48 AM
What’s in a name? Lots. Try asking someone what “gluten” is. ( Here’s a comical look at that.) Try asking someone in our business what the difference ...
Tue, May 14 2019, 10:42 AM
With mortgage delinquencies continuing to be at historic lows, CoreLogic points to natural disasters as a significant cause of the slight deterioratio...
Tue, May 14 2019, 8:32 AM
In the day just past, bonds and especially stocks remained transfixed by trade-related headlines. This follows an entire week marked by the same preo...
Mon, May 13 2019, 5:27 PM
Declining property values, while modest and localized, may be taking a toll on homeowner safety margins. ATTOM Data Solutions has released its first q...
Mon, May 13 2019, 5:25 PM
Trade war trading struck back today, just when you thought you'd seen the last of it on Friday. In this installment, news stories about various respo...
Mon, May 13 2019, 4:37 PM
Mortgage rates moved moderately lower to start the new week as trade tensions remained in focus. In general, the worse the US/China trade relationship...
Mon, May 13 2019, 9:56 AM
In the week just past, markets were slavishly tuned-in to headlines and developments surrounding US/China trade relations . This generally resulted ...
Mon, May 13 2019, 9:08 AM
I want an Ethereum-powered home loan! It doesn’t matter that I don’t know what Ethereum is; apparently they’re on their way to NY and CA . “Tokenizing...
Fri, May 10 2019, 5:46 PM
Trade-related headlines continued to be all the market cared about for one final day this week. They went both ways, but by the end, it was clear we'...
Fri, May 10 2019, 5:12 PM
Mortgage rates moved up on Friday, ultimately making it to the highest levels of the week for the average lender. Underlying bond markets came under p...
Fri, May 10 2019, 8:50 AM
The Federal Housing Administration (FHA) announced a a package of incentives to encourage multi-family property owners to invest in thousands of neigh...
Fri, May 10 2019, 8:31 AM
In the day just past, markets continued to gyrate on trade war headlines more than anything. The overnight session saw some bond buying on tough talk...
Thu, May 9 2019, 4:44 PM
It's been an interesting week so far with trade war developments taking bonds in an unexpected direction unexpectedly quickly and MBS underperforming ...
Thu, May 9 2019, 4:07 PM
Mortgage rates were just slightly lower on average today with some lenders flat and others distinctly lower. The discrepancy is due to the timing of y...
Thu, May 9 2019, 12:09 PM
Condominium loans represent only about 8 percent of total mortgages, a share that has remain fairly stable for several years. However, CoreLogic says ...
Thu, May 9 2019, 10:35 AM
A big jump in jumbo loan lending drove an increase in mortgage credit availability in April. The Mortgage Bankers Association's Mortgage Credit Availa...
Thu, May 9 2019, 9:13 AM
In the day just past, bond markets put in their first losing session after 3 straight business days moving in a friendlier direction. Chalk that up t...
Thu, May 9 2019, 9:01 AM
Attributes like trust, humility, honesty, and transparency aren’t traits assigned to websites focused on originating loans. Human capital is valuable,...
Thu, May 9 2019, 8:11 AM
Just days after Ginnie Mae issued a Request for Input seeking advice on ways to tighten its regulations in regard to VA loans, it appears the governme...
Wed, May 8 2019, 5:24 PM
First thing in the morning, it looked like we had a chance to see another trade-war-driven bond rally. A Reuters story that detailed the US/China com...
Wed, May 8 2019, 4:42 PM
Mortgage rates began the day in decent shape after more trade war drama courtesy of a Reuters story overnight. In general, trade war drama pushes stoc...
Wed, May 8 2019, 11:30 AM
Freddie Mac periodically looks at how and from where homebuyers are managing to acquire their down payments and they did so , particularly first-timer...
Wed, May 8 2019, 9:07 AM
In the day just passed, bonds continued to rally as more details about recent trade war drama unfolded. Actually, those details unfolded late Monday ...
Wed, May 8 2019, 9:00 AM
VA mortgage lenders hit with federal subpoenas ? Apparently. Secondary markets (the demand for loans and what investors are willing to pay for them) d...
Wed, May 8 2019, 8:16 AM
Even though mortgages rates have declined over the last several months, consumers remain bearish about buying a home. Fannie Mae said net positive res...
Wed, May 8 2019, 8:11 AM
Freddie Mac is undertaking a new initiative designed to align the servicing process to a more customer service focus, especially for distressed homeow...
Wed, May 8 2019, 8:06 AM
After four straight weeks of declines, mortgage application activity finally gained ground during the week ended May 3. The Mortgage Bankers Associati...
Tue, May 7 2019, 6:15 PM
For the second straight day, US/China trade relation uncertainty dominated financial markets. Volume was up across the board with Treasury yields and...
Tue, May 7 2019, 5:53 PM
Mortgage rates didn't move much today, if at all. This is confounding to all those who have watched rates against the backdrop of 10yr Treasury yields...
