AMB News

Mortgage News Daily

• MBS RECAP: Markets Finally Doing Interesting Things, But... January 24, 2020
  Posted To: MBS CommentaryWe had to wait all the way until January 24th of 2020, but bonds finally offered their first real shred of willingness to challenge the established range of late 2019. When we talk about ranges, we use 10yr Treasuries for these reasons . In 10yr terms, the range has been 1.71 to […]
• Mortgage Rates Drop to 4.5-Month Lows on Virus Fears January 24, 2020
  Posted To: Mortgage Rate WatchMortgage rates moved meaningfully lower over the past 2 days as panic over the coronavirus outbreak continues affecting financial markets. If this epidemic ends up being similar to SARS in 2003, it ultimately won't be worth as much of a drop in interest rates as we've seen so far. But the […]
• MBS Day Ahead: The Obvious Bounce Could Be Too Obvious January 24, 2020
  Posted To: MBS CommentaryAs the week comes to a close, we find bonds continuing to trickle toward the lower end of the range that has prevailed for nearly 3 months. In terms of 10yr yields, the upper boundary is clearly established at 1.95%. The lower boundary is slightly more open to interpretation, but in any […]
• Changes to FICO are on the Way January 24, 2020
  Posted To: MND NewsWirePaying bills on time is about to become more important for American consumers, and this as their debt levels are reaching new highs. Fair Isaac Corporation, the company which creates the FICO credit score models, will introduce two new ones this summer, the FICO Score 10, and the FICO Score 10- T. […]
• Client Engagement, Sales, API Products; Coronavirus Scare; ECB's Low Rates January 24, 2020
  Posted To: Pipeline PressYes, the change in FICO scores garnered some attention, but much of the focus is on Wells Fargo which just can’t stay out of the spotlight… for all the wrong reasons. Ten days ago we learned that the Bank had $2.9 billion of income in the fourth quarter in 2019 (and $60 […]
• Here's How The Average Loan Looked in December January 23, 2020
  Posted To: MND NewsWireThe average interest rate on closed loans inched up in December and the share of those loans that were for refinancing moved lower. Ellie Mae's Origination Insight Report for the month says the average 30-year fixed rate in December rose to 3.99 percent from 3.97 percent in November and the year's low […]