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    • MBS RECAP: Unofficial 3rd Day of The Weekend May 22, 2017
      Posted To: MBS CommentaryToday was super slow for bond markets with 10yr yields holding under the same ceiling that was in place on Friday (2.25+). At the same time, the lower yields of the day continually crept higher, making for an even narrower "consolidation range" compared to the one that began to take shape late […]
    • Low and Sideways, Mortgage Rates Play Waiting Game May 22, 2017
      Posted To: Mortgage Rate WatchMortgage rates were slightly higher for the 3rd straight day, continuing a modest bounce back from the year's lowest rates last Wednesday. In a nutshell, bond markets (which dictate mortgage rates) reacted in a big way to last week's political headlines, and have since been biding their time as markets wait […]
    • MBS Day Ahead: Bonds Hoping For More Political Drama May 22, 2017
      Posted To: MBS CommentaryLast week was characterized by one big day of volume and volatility surrounding the apparently scandalous and sensational political headlines. By now, you've either come across the news in question (regarding Trump, Comey, Flynn, Chaffetz, etc.) or are determined enough to avoid coming across political news that I won't ruin your streak […]
    • Lender Expansion; FHA, VA; Households Moving Toward Buying May 22, 2017
      Posted To: Pipeline PressI recently heard a CEO say, “I am fine competing on product, price, and service. But we shouldn’t have to compete on subjective interpretations of rules, regulations, and compliance issues.” While residential lenders wait for another “instructive” public enforcement action (plenty of them are negotiated privately with no fanfare), you can always […]
    • Mortgage Rates Higher, Volatility Looms May 19, 2017
      Posted To: Mortgage Rate WatchMortgage rates continued higher for the 2nd straight day after hitting the lowest levels in more than 7 months earlier this week. Wednesday's big move lower was a direct result of political headlines relating to potential wrongdoing in communications between Trump and former FBI Director Comey concerning the FBI's investigation into […]
    • Wells and Freddie Team Up; Bank and CU News; What is Chase doing? May 19, 2017
      Posted To: Pipeline PressFor me this week included time in Salt Lake City, Columbus, Milwaukee, San Francisco, and Raleigh. (The mood is good as individuals continue to share best practices in an effort to lend to consumers in a compliant and cost-effective way – and that isn’t easy.) In some parts of the nation all […]

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