AMB News

Mortgage News Daily

• Deep Dive on Thursday and Friday's PCE Discrepancy and Market Reaction April 26, 2024
  WARNING: once you get past the 1st paragraph here, things start to get a bit "mathy" and esoteric.  The takeaway is that there's an actual way to reconcile today's 0.3 vs 0.3 monthly core PCE result against yesterday's 3.7 vs 3.4 annual result.  Yesterday's GDP data included the Core PCE Price Index, which came in […]
• Servicing, MISMO Consulting Products; STRATMOR and Decisioning; UWM and UMortgage; California on DU and LP April 26, 2024
  There seems to be a bit of a baby boom going on out there. Prospective home buyers who need a place for a growing family quickly find out that residential lending isn’t without its share of tears. Next time you’re dealing with an upset borrower or loan officer, here’s something you can try. “We are […]
• Bonds Rattled By Surprisingly Big Beat in Spending Data April 25, 2024
  Bonds Rattled By Surprisingly Big Beat in Spending Data Today's big surprise was the PCE price index component of Q1 GDP.  GDP itself was weaker than expected, but even that was explained away by components not related to private domestic consumption.  Focusing on the latter makes Q1 look just as strong as any of the […]
• Mortgage Rates Jump Up And Over 7.5% After Inflation Surprise April 25, 2024
  Interest rates care about quite a few different things, but inflation and Fed policy are two of the biggest considerations.  One of the Fed's favorite ways to track progress on inflation is the PCE price index which comes out every month, but also every quarter. Oddly enough, the quarterly comes out a day before the […]
• Electronic Bidding, MORA, Processing, Marketing Tools; CFPB and Servicing Fees, Mortgage Fraud Case April 25, 2024
  I travel a little bit, so it was with great interest that I read, “The Department of Transportation… will soon require airlines to quickly refund passengers if they cancel, delay, or make significant changes to flights.” “A book hit my head, and I have only my shelf to blame.” Odd things happen all the time. […]
• Quarterly PCE Data Causing Concern Over Tomorrow's Monthly Numbers April 25, 2024
  It's a bit of a tricky morning in the bond market when it comes to reconciling the data with the market movement.  At face value the headlines make a better case for lower rates with GDP at 1.6 vs 2.5, wholesale inventories missing big and Jobless Claims not too far from forecast.  But the devil […]