AMB News

Mortgage News Daily

• MBS RECAP: Small Victory as Broader Battle Continues November 18, 2019
  Posted To: MBS CommentaryAs 2019 winds down, investors have never been so broadly certain about the overall market thesis. Unfortunately, that thesis calls for unavoidable uncertainty and the inability to clear it up very quickly. Reason being: we need to see if global economic data is going to reverse course and make improvements. We also […]
• Lowest Mortgage Rates in 2 Weeks November 18, 2019
  Posted To: Mortgage Rate WatchMortgage rates added to last week's improvement with another modest drop today. That brings the average lender to the best levels in exactly 2 weeks--a welcome change after hitting the highest levels in more than 3 months on Friday November 8th. US/China trade relations have been a key source of volatility […]
• Homebuilder Confidence Staying Near Long-Term Highs November 18, 2019
  Posted To: MND NewsWireHome builder confidence fell back slightly this month, declining by 1 point to 70 in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The dip partially reversed the index's 3-point jump in October which had carried it to its highest reading since February 2018. Derived from a monthly […]
• FHA Delinquencies Plummeted in Q3 November 18, 2019
  Posted To: MND NewsWireFHA loans posted a substantial decline in delinquencies during the third quarter, leading an overall improvement in loan performance. The Mortgage Bankers Association said its National Delinquency Survey found the non-current rate for mortgage loans on one-to-four- unit residential properties was 3.97 percent. This was 56 basis points (bps) below the rate […]
• MBS Week Ahead: Trade Headlines and Technicals (With a Side of Data) November 18, 2019
  Posted To: MBS CommentaryLast week provided a much-needed recovery that counteracted some of the fast-paced selling seen in the first week of November. Despite the friendly direction of the move, the pace and fervor left something to be desired --at least for those hoping to see clear confirmation that traders were thrilled to buy bonds […]
• CFPB Lightens Requirements for Temporary LO License November 18, 2019
  Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) has issued an Interpretive Rule for one type of loan originator licensing. The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE ACT) of 2008 established a national system for licensing and registration of loan originators which envisioned two categories of licensing, one for originators working […]