AMB News

Mortgage News Daily

• MBS RECAP: Calm Week Ends on an Even Calmer Note January 22, 2021
  Posted To: MBS CommentaryCalm Week Ends on an Even Calmer Note It's rare to see non-holidays Fridays in January be quite as underwhelming as today turned out to be. Bonds remained locked perfectly inside prevailing trends. That's a good thing in this case as it meant moderate gains for both MBS and Treasuries. Volatility risks […]
• How Long Can The Good Times Last For Housing and Rates? January 22, 2021
  Posted To: Mortgage Rate WatchWhile it wasn't quite the biggest surprise of 2020, the strength of the housing market was one of the best. The just-released numbers for December keep the good times rolling. Leading the charge was December's Existing Home Sales report from the National Association of Realtors (NAR). The annual pace wasn't quite […]
• Existing Home Sales Reach Highest Levels Since 2006 January 22, 2021
  Posted To: MND NewsWireExisting home sales resumed an upward trajectory in December. After drifting lower by 2.5 percent in November, breaking a five-month streak of gains , the National Association of Realtors® (NAR) said sales in the last month of the year rose 0.7 percent. Sales of single-family homes, townhomes, condominiums, and co-ops, were at […]
• Upbeat 2021 Econ Forecast From Fannie Mae January 22, 2021
  Posted To: MND NewsWireOptimism is running high in Fannie Mae's first Economic and Housing Outlook of the year. The company's Economic and Strategic Research (ESR) team says expanding vaccination efforts, the potential of greater than previously expected fiscal stimulus, and the end of winter all "point to an economy ready to take off once COVID-19-related […]
• End-of-Year Delinquencies a Challenge for 2021 January 22, 2021
  Posted To: MND NewsWireMortgage performance understandably deteriorated over the course of 2020. Black Knight, in its "first look" at December data, noted that the year ended with 1.54 million more delinquent mortgages and 1.7 million more that were seriously delinquent than at the start, calling it "a looming reminder of the challenges facing the market […]
• MLO Jobs; Broker, Recruiting, HELOC Products; Freddie and Fannie Compliance Reminders January 22, 2021
  Posted To: Pipeline PressThis week Joe Exotic did not receive a presidential pardon, nor did mortgage rates move much versus last week, but there are still over 16 million refinance candidates who meet broad-based eligibility criteria and could also cut their first mortgage rate by 0.75 percent or more, per Black Knight. But last night […]