AMB News

Mortgage News Daily

• TPO Loan Products; MBS, Presentation, Jumbo, Business Plan Tools; Conforming Loan Amounts October 27, 2021
  Posted To: Pipeline PressWhile huge blocks of servicing are hitting the market, Cenlar has had better days than yesterday. (“We take seriously our regulatory obligations and we are working with the OCC to make any changes necessary to resolve their concerns.”) I could not find a dollar fine. But speaking of dollars, what does $3.25 […]
• Refinance Volume at 21 Month Low October 27, 2021
  Posted To: MND NewsWireApplications for purchase mortgages recovered from a 5 percent drop the prior week to drive a small increase in overall volume during the week ended October 22. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage application volume, increased 0.3 percent on a seasonally adjusted basis and […]
• MBS Morning: The Case For Consolidation Improves October 27, 2021
  Posted To: MBS CommentaryBonds managed to make positive headway for a third straight trading day on Tuesday, but the gains weren't enough to break yields below the prevailing uptrend. That may be changing today, and that's the sign we need that the market may have found the top of its range for now. Any additional […]
• MBS RECAP: Another Green Day, But Can We Trust It? October 26, 2021
  Posted To: MBS CommentaryAnother Green Day, But Can We Trust It? Bonds were briefly weaker mid-morning, but rallied back to close at slightly stronger levels. We've been defensive about the upward trend in rates for more than a month now and generally on the lookout for enough of a rally to let our guard down […]
• Mortgage Rates Continue Gradual Recovery October 26, 2021
  Posted To: Mortgage Rate WatchMortgage rates hit 6 month highs by the end of last week, but they've been cautiously recovering since then. The rebound traces a similar pattern in the bond market, as is typically the case considering lenders rely on bonds as the primary ingredient in the interest rate recipe. In simpler, more […]
• Refinancing Still Driving Freddie Mac Mortgage Volume October 26, 2021
  Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.4 percent in September compared to a 23.7 percent gain in August. The portfolio balance at the end of the period was $3.137 trillion compared to $3.093 trillion the prior month and $2.613 trillion a year […]