Wed, May 23 2018, 9:15 AM
Reams of data have been gathered about what appear to be significant changes in the profile of younger homebuyers and consequently mortgage borrowers....
Wed, May 23 2018, 9:11 AM
Every vendor here at the MBA conference suggests they can help clients close more loans faster, more efficiently and compliantly. If only all these le...
Wed, May 23 2018, 9:05 AM
I woke up this morning to an automated alert from MBS Live letting me know I'd need to hustle to the desk and explain whatever it was that caused the ...
Wed, May 23 2018, 8:17 AM
Mortgage rates surged significantly during the week ended May 18, sending mortgage activity skidding for the fifth straight week . The Mortgage Banker...
Tue, May 22 2018, 4:52 PM
For the 2nd straight day , trading levels in bond markets held inside a narrow range--far narrower than that seen on any given day last week, let alo...
Tue, May 22 2018, 3:09 PM
After quite a bit of volatility and a move up to 7-year highs last week, mortgage rates have managed to avoid any semblance of drama so far this week....
Tue, May 22 2018, 12:18 PM
As if the new home inventory wasn't tight enough, the National Association of Home Builders (NAHB) say a higher proportion of those homes are being bu...
Tue, May 22 2018, 10:19 AM
It only impacts auto lending, but if Mick Mulvaney, acting director of the Consumer Financial Protection Agency (CFPB) keeps his word, a Congressional...
Tue, May 22 2018, 9:21 AM
Today begins the 3rd day where US Treasuries aren't imploding after hitting 7 year highs last Thursday. At this point, we might consider the resilien...
Tue, May 22 2018, 9:10 AM
The U.S. mortgage industry likely recorded an operating loss in the first three months of 2018 due to falling loan volumes and growing expenses, the M...
Mon, May 21 2018, 4:56 PM
There were no significant economic reports or events today, and only a few newsworthy developments. The biggest of these also happened the earliest (...
Mon, May 21 2018, 3:38 PM
Mortgage rates held steady today, which is better than what could be said for most of last week when rates shot up to the highest levels in 7 years. F...
Mon, May 21 2018, 3:07 PM
In a prior article we summarized the options the Trump Administration might utilize to reform the residential mortgage financing system should Congres...
Mon, May 21 2018, 11:10 AM
Late last year Fannie Mae included questions in one of its National Housing Surveys about working in the "gig" economy. About a fifth of respondents c...
Mon, May 21 2018, 10:36 AM
Last week the National Association of Home Builders (NAHB) reported that severe shortages of construction tradespeople were slowing homebuilding and i...
Mon, May 21 2018, 9:54 AM
Much like last week, this week's event calendar is limited in terms of top tier data and events, but nonetheless carries the potential for technical m...
Mon, May 21 2018, 9:12 AM
Hello from the MBA Secondary Conference in NY! Lenders are talking about LO comp (“they need to share the margin pain, but no one wants to be the firs...
Fri, May 18 2018, 4:43 PM
Bonds rallied today for the first time all week, and fairly well at that! 10yr yields fell more than 5bps and Fannie 3.5 MBS rose nearly 3/8ths of ...
Fri, May 18 2018, 3:31 PM
Mortgage rates caught some small semblance of a break today. If it's not apparent based on that assessment in conjunction with the headline, the impro...
Fri, May 18 2018, 9:21 AM
The notion of "positions" is extremely important to the bond market (and to any market for that matter). At the most basic level, a LONG position s...
Fri, May 18 2018, 9:18 AM
Folks heading to the MBA’s Secondary conference should know that there are 329 street-level newsstands in New York City. (The peak was 1,500 in the 19...
Fri, May 18 2018, 9:09 AM
In the face of continuing inventory shortages, declining consumer sentiment in favor of buying a home, and concern about the homeownership impacts of ...
Thu, May 17 2018, 5:40 PM
Today was the calmest of the past 3 days of craziness, although the higher-than-average volume suggests things are still happening behind the scenes. ...
Thu, May 17 2018, 4:48 PM
It's Thursday, which is when Freddie Mac's weekly Mortgage rate survey comes out. The survey is the most widely quoted source material for major media...
Thu, May 17 2018, 10:39 AM
It's been pretty doomy and gloomy around here so far this week, what with the spike to the highest 10yr yields in nearly 7 years and what not. So how...
Thu, May 17 2018, 9:45 AM
I don’t go anywhere without my sugar glider, including most of this week spent in Austin, TX with TMS . No, a sugar glider is not a risqué pet name fo...
Thu, May 17 2018, 9:25 AM
Two noted economists seem to be holding little hope that Congress will take up in any way changing the status quo of the government-sponsored enterpri...
Thu, May 17 2018, 9:06 AM
The interest rates on loans that closed in April were the highest since Ellie Mae started tracking data in 2011. According to the company's Originatio...
Wed, May 16 2018, 6:39 PM
If you happened to be out of the office yesterday, 10yr yields finally broke out of their most recent consolidation pattern and moved quickly to the h...
Wed, May 16 2018, 5:26 PM
Mortgage rates spiked to 7-year highs yesterday. While today's move was nowhere near the same size, it was in the same unfriendly direction. That make...
Wed, May 16 2018, 12:51 PM
Improving loan performance doesn't make headlines any longer, but worth noting that the improvement is still good news. The Mortgage Bankers Associati...
Wed, May 16 2018, 10:52 AM
The leading construction indicators performed generally as analysts had predicted in April, stepping back from March's solid increases in both permits...
Wed, May 16 2018, 9:30 AM
Today is starting out with just a hint of green on the screens. While that's certainly much better than the alternative (some historical examples see...
Wed, May 16 2018, 9:18 AM
Mortgage activity slowed again last week. The Mortgage Bankers Association said its Market Composite Index, which measures the volume of mortgage loan...
Wed, May 16 2018, 9:10 AM
What does a chief operating officer do, and how much do they make? For builders, the role is vague but is often the #2 person at the company. COO comp...
Tue, May 15 2018, 5:06 PM
July 8, 2011. That's how far you'd have to go back to see higher 10yr yields than we saw today. At their worst, they were at 3.0945% . At the clos...
Tue, May 15 2018, 4:02 PM
Mortgage rates spiked in a big way today, bringing some lenders to the highest levels in nearly 7 years (you'd need to go back to July 2011 to see wor...
Tue, May 15 2018, 10:37 AM
The National Association of Home Builders (NAHB) and Wells Fargo said on Tuesday that builder confidence in the new home market ticked up two points o...
Tue, May 15 2018, 9:51 AM
I hate clickbait with a passion. Today's title might sound like clickbait. Do I really expect you to believe that there have only been 4 days like t...
Tue, May 15 2018, 9:12 AM
Legal eagles out there are buzzing about PHH deciding not to appeal the U.S. Court of Appeals for D.C.’s January decision in its CFPB challenge. Recal...
Mon, May 14 2018, 4:29 PM
Low volume and lighter-than-normal liquidity left US bond markets more impressionable than normal today. Or perhaps it IS normal given that it's a ...
Mon, May 14 2018, 4:00 PM
Mortgage rates were sideways to slightly higher today, and that's actually a strong showing considering what transpired in underlying bond markets. In...
Mon, May 14 2018, 11:58 AM
Not only did the pace of home price increases quicken nationally during the first quarter of 2018, but the National Association of Realtors® (NAR) sai...
Mon, May 14 2018, 9:19 AM
This week's economic calendar is generally on the quiet side with Retail Sales being the only upper-echelon report in terms of its potential impact ...
Mon, May 14 2018, 9:10 AM
“Forward” lenders can’t ignore that 10,000 people a day in the U.S. turn 62. Of course, not every one owns a home, or has appreciation – but many do. ...
Fri, May 11 2018, 6:47 PM
I'm going to write at you from an analytical standpoint for a moment. Sorry, I just have to vent. Today was completely forgettable. In fact, the pa...
Fri, May 11 2018, 6:19 PM
Mortgage rates had a pretty good day yesterday, but weren't able to extend that winning streak today--at least not in any significant way. The unwilli...
Fri, May 11 2018, 9:12 AM
HMDA data tells us that California accounted for 21% of residential loan volume in 2017, and 23% in ’16. It’s a big market. Thus, the industry is foll...
Fri, May 11 2018, 8:34 AM
Are rates in the process of confirming a top or are they simply in some sort of consolidation period before continuing higher to the scarier level...
Thu, May 10 2018, 4:32 PM
With two big-ticket events on tap for bond markets today, there was always a chance that they'd go our way and that we'd see some decent gains as a ...
