AMB News

Mortgage News Daily

• MBS RECAP: Bonds Start Strong but Fade to 'unchanged' By the Close May 17, 2019
  Posted To: MBS CommentaryBonds began the overnight session in unchanged territory but began to improve on various news reports that fueled a global flight-to-safety. These included the latest edition of US/China brinksmanship as well as a surprise update on the Brexit talks "collapsing." The Brexit news reaction delivered Treasuries to the domestic starting line in […]
• Mortgage Rates End Week Near Long-Term Lows May 17, 2019
  Posted To: Mortgage Rate WatchWednesday 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 levels in more than a year. Things changed on Thursday with rates moving up slightly. That said, Thursday would have been the […]
• Broker, Underwriting, MSR Products; Bank, Lender, and Credit Union News May 17, 2019
  Posted To: Pipeline PressA 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 borrowers with LTVs less than 70% who could really use that. Can you find us a program to offer?” Huh? Pick-a… Pik-a-chu? As over a thousand capital […]
• MBS Day Ahead: Limited Data; Trade Headlines Still Asking For Attention May 17, 2019
  Posted To: MBS CommentaryIn 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 reports in the morning. Less enjoyable was the fact that the econ data made a case for bond market weakness. Indeed, the main thrust of upward momentum […]
• Low Rates Stabilize Refinancing Share of Originations May 17, 2019
  Posted To: MND NewsWireRefinancing 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 note rate dropped for the fourth consecutive month. The rate was at its highest so far at 5.01 percent in January. The April average was 4.61 percent. […]
• MBS RECAP: Logical Losses Leave Bonds in Still-Decent Shape May 16, 2019
  Posted To: MBS CommentaryBonds finally moved in a less friendly direction today after 3 solid days of gains. The losses were logical, though, considering an absence of geopolitical headlines and an abundance of stronger economic data in the early domestic session. In fact, it was that data more than anything that pushed yields higher and […]