AMB News

Mortgage News Daily

• MBS RECAP: Bonds Take a Day to Digest Fed Day as Stocks Finally React March 21, 2019
  Posted To: MBS CommentaryApparently it took the 9:30am NYSE opening bell ringer for stocks to truly realize what just happened. The Fed announcement on Wednesday was their way of saying "sorry" to stocks for the "steady as she goes" approach to tighter monetary policy in December. As of Wednesday the Fed's median outlook for the […]
• Mortgage Rates Move Deeper Into Long-Term Lows March 21, 2019
  Posted To: Mortgage Rate WatchGranted, we're not back to the sub-4% mortgage rates that dominated much of the past 8 years, but breaking into the high 3% range is a valid consideration after the past few days. Yesterday's surprising Fed news hit the rates that were already holding near their lowest levels in well over […]
• Both Closing Times and Pull Through Rates Improved in February March 21, 2019
  Posted To: MND NewsWireEllie Mae's Origination Insight Report for February is headlined by both a decrease in closing times and, more significantly, further declines in mortgage interest rates. The company said the average interest rates for loans originated on its platform during the month was 4.86 percent. This was 15 basis points lower than the […]
• Vendor Management, Appraisal, and Compliance Products; FHA Changes Turning Heads March 21, 2019
  Posted To: Pipeline PressWant a growth industry? How about aging? PulteGroup's Del Webb 55+ brand will build 10 new Del Webb communities , planned to open over the next 18 months. Boomers welcome! Another growth industry is…Wite-Out?! Often used as the butt of jokes about using it to “fix” mortgage applications, correction fluid sales are […]
• MBS Day Ahead: Anything Other Than a Crushing Defeat is a Big Victory March 21, 2019
  Posted To: MBS CommentaryIn case you missed yesterday, it was a doozy. Here are a few links that would help you get caught up: Here's Why Bonds Loved The Fed (And It's NOT The DOTS) Fed Officially Announces Big Bond-Buying Change yesterday's Fed Announcement bullets (MBS Live members) Fed Bond-Buying Shocker: What Happened and Why […]
• Delinquencies Increase, But Still Down on the Year March 21, 2019
  Posted To: MND NewsWireMortgage performance, usually at its best in February and March, because it is assumed that tax refunds allow people to catch up on financial obligations. But, with data in on February, Black Knight says this year may be an exception to that rule. In its First Look at the month's numbers the […]