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    • MBS RECAP: One of Three Things is Going on With Bonds January 18, 2019
      Posted To: MBS CommentaryBond markets sold-off today in a slightly more alarming way than we've seen so far in 2019. This was accompanied by 11th straight trading session where stocks closed higher than they opened, as well as the best S&P prices in more than a month. One of three things could be going on. […]
    • Mortgage Rates Nominally Higher Despite Bond Market Warning January 18, 2019
      Posted To: Mortgage Rate WatchMortgage rates rose gently today. Most mortgage borrowers (and many mortgage professionals, for that matter) wouldn't be aware of slightly more alarming risks lurking underneath the surface. Those risks involve the broader bond market from which mortgage-related bonds take their directional cues. More simply put, if US Treasuries are improving, mortgage-backed […]
    • Has RESPA's Servicer Rule Reduced Foreclosures? January 18, 2019
      Posted To: MND NewsWireIn accordance with requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (CFPB) recently conducted five-year assessments of two rules it promulgated under the act. We summarized their assessment of the Ability-to-Repay/Qualified Mortgage rule last week. What follows is a brief summary of the assessment […]
    • MBS Day Ahead: Bonds Break One Ceiling, But The Next One is More Important January 18, 2019
      Posted To: MBS CommentaryEver since bottoming out in early 2019, 10yr Treasury yields faced a pretty clear line in the sand from a technical standpoint. 2.82% stuck out like a sore thumb overhead due to multiple instances where it acted as a floor in 2018. It may have seemed too far away to worry about […]
    • Condo, Sales, and Business Intelligence Products; Freddie and Fannie Program Changes January 18, 2019
      Posted To: Pipeline PressFor the first time in history, the six biggest banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley — made $100 billion in profit in a year. Yowzah! There’s a lot going on out there, and Ben Smidt put out his “Mortgage Expert Insights on Business […]
    • New Home Sales Pull Back Amid Global Uncertainty January 18, 2019
      Posted To: MND NewsWireApplications for new home purchases dropped in December , falling 6.8 percent behind those a year earlier. The deficit from November was even larger, a decline of 13 percent. The Mortgage Bankers Association (MBA) estimates that those numbers, which do not include any adjustment for seasonal patterns, translates into new home sales […]

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