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    • DSCR, FHA DPA, LOS, Warehouse, AI, Social Media Products; NAR Settlement Updates March 18, 2024
      Lenders are refinancing borrowers who took out intermediate ARMs 3, 5, or 7 years ago and whose rates have gone up. Some here in Las Vegas, walking around humming this tune while at the ICE and Lender Toolkit event, will say that adjustable-rate mortgages are a gamble that paid off from 1982 through 2021 but […]
    • Fed Week Begins With Yields Up Against Ceiling March 18, 2024
      Ceilings, floors, pivot points, etc.  Technical levels don't predict the future, but they can provide context for trends.  In some cases, they can serve as cues for the next trend.  For instance, if a key level is broken, it can be a cue for traders continue pushing in the direction of the breakout or a […]
    • On The Road To Rate Cuts, Markets Asking "Are We There Yet?" (Spoiler Alert: No) March 15, 2024
      Back in late 2023, we got in the car with the Federal Reserve with the promise of a trip to our favorite place: the land of lower interest rates. In 2024, we keep asking "are we there yet?" The more we ask, the farther we seem to be from the destination. This trip began with […]
    • Quiet Conclusion to a Raucous Week March 15, 2024
      Quiet Conclusion to a Raucous Week For a short while this morning, it looked as if bonds would break up and over the recent 4.32+ ceiling in 10yr yields, but trading calmed down and trended sideways in a narrow range for the rest of the day.  It was a calm conclusion to what has otherwise […]
    • Non-QM Secondary, TPO, Servicing, General Ledger, Marketing Products ; Events and Training March 15, 2024
      Just once, I want a username and password prompt to say, “Close enough.” Speaking of technology, this weekend Robbie and I head to Las Vegas for the ICE Experience 24 events (led off by the Lender Toolkit Supercar Experience). One big topic is bound to be constantly shifting origination channels, and the current STRATMOR Group […]
    • No Help From Data Today March 15, 2024
      This morning's line-up of econ data is certainly not the most relevant to the bond market, but the NY Fed Manufacturing index has registered an impact at times.  This is not one of those times.  While volume suggests traders waiting to make trades at 8:30am, there was no bias toward higher or lower levels at […]

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