AMB News

Mortgage News Daily

• Home Price Reductions Are Increasing, Especially at High End October 16, 2018
  Posted To: MND NewsWireRecent research from Trulia shows home price reductions are increasing . The share of homes for sale that have had at least one price cut since being listed is the highest since 2014. This, the company says, is more evidence that the market may finally be tilting in homebuyers favor, but the […]
• Falling Lumber Costs Push Builder Confidence Higher October 16, 2018
  Posted To: MND NewsWireBuilder confidence ticked up 1 point in October, rising to 68. The National Association of Home Builders (NAHB), which produces the NAHB/Wells Fargo Housing Market Index (HMI) says this measure of confidence levels has held in the high 60s since June. "Builders are motivated by solid housing demand, fueled by a growing […]
• FinTech Updates; Agency Deals; Off The Beaten Path at MBA Conference October 16, 2018
  Posted To: Pipeline PressWhat’s not being covered by the mainstream press here at the MBA conference? How about, given the rough financial conditions, monthly (and not quarterly) financials being requested by warehouse & correspondents? How about some attendees bunking up two to a room to save money? Lenders trying to hire LOs, but the top […]
• MBS Day Ahead: What Are We Waiting For? October 16, 2018
  Posted To: MBS CommentaryWaiting... That's all anyone has been doing since last Thursday in financial markets. One day prior, stocks jumped off a cliff and bond yields raced to the edge of the same cliff and peered over the side. It's like one of those far-fetched movie scenes where the character who apparently just fell […]
• MBS RECAP: Bonds Mostly Ignore Retails Sales Data October 15, 2018
  Posted To: MBS CommentaryThis morning's Retail Sales report was arguably the biggest-ticket of the week in terms of economic data. It speaks to the ongoing level of uncertainty that we saw almost no reaction despite a headline of +0.1 vs median forecast of +0.6, at least at first glance. There were some caveats underneath the […]
• New MBA President Puts Regulatory Reform at Top of Wish List October 15, 2018
  Posted To: MND NewsWireMBA President and CEO Bob Broeksmit, the Mortgage Bankers Association's (MBA's) newly installed president and CEO, delivered his inaugural speech to MBA's annual convention on Monday, and he appears, at least from his prepared remarks, to be coming out swinging . His address opened with the sentence, "Mortgage market regulations are increasing […]