AMB News

Mortgage News Daily

• Builder Confidence: Tariffs on Lumber Hurting Afforability June 18, 2018
  Posted To: MND NewsWireBuilder confidence in the market for new single-family homes ended a three-month slide in May , as the Housing Market Index ticked up two points. This month that two-point gain evaporated as the index slid back down to 68. The National Association of Home Builders (NAHB) said the retreat of the measure, […]
• MBS Week Ahead: Bonds Try to Confirm Last Week's Victory June 18, 2018
  Posted To: MBS CommentaryPost-Italian drama, bond yields rose for 2 straight weeks heading into last week's Fed and ECB announcements. They both proved friendly and the positive momentum continued on Friday. The timing of the Italian drama was important because it began helping bonds right as US 10yr yields were hitting 7-year highs. As yields […]
• Compliance and Construction Products; Legal Changes for Lenders on the East Coast June 18, 2018
  Posted To: Pipeline PressRumors continue to swirl. Will a top-10 bank really terminate hundreds, possibly a thousand, of its retail originators in late July/early August for not meeting minimum production standards? Is Houlihan Lokey out there marketing a well-known company (a provider of compliance outsourcing solutions to lenders and servicers) to Radian, Black Knight, or […]
• Americans Sitting on Trillions in Tappable Equity June 18, 2018
  Posted To: MND NewsWireAmericans are sitting on a nearly unprecedented level of untapped wealth - or maybe sitting IN it is more to the point. A report from Black Knight notes the first quarter of this year saw the "tappable" equity Americans have in their homes rose at what could be a record pace. The […]
• MBS RECAP: Trade Fears Help Bond Rally Extend June 15, 2018
  Posted To: MBS CommentaryFresh fears of trade wars pushed stocks and bond yields lower in the overnight session as the White House promised another wave of tariff announcements in the morning. China retaliated by promising its own tariffs and markets slumped accordingly. By "accordingly," I mean they slumped as much as they have for any […]
• Mortgage Rates Inch to Week's Best Levels June 15, 2018
  Posted To: Mortgage Rate WatchMortgage rates fell again today, bringing the average rate just slightly lower on the week. Unlike the past 2 days, there were no big ticket calendar events today. Instead, motivation came from market jitters of new tariff announcements and the ensuing retaliation from China. Markets ultimately decided it wasn't the end […]