Gary Boatman
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Real Estate News
MBS RECAP: One True Thing
Fri, 22 Jun 2018 23:24:03 GMT

Posted To: MBS CommentaryMonday was the slowest day of the year in terms of volume. Volatility was also very muted by the time US markets fired up for the day. But here comes Friday! Not to be outdone by that pesky old Monday, today took the quiescen..[read more]

Mortgage Rates Slightly Higher Despite Flat Markets
Fri, 22 Jun 2018 22:50:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved slightly higher today. Yet again, underlying bond markets suggested another fate. In other words, if mortgage rates were perfectly tied to underlying bond markets, they would have remained unchanged ..[read more]

NAHB: Lumber Shortages and Prices Hampering Affordability
Fri, 22 Jun 2018 16:33:01 GMT

Posted To: MND NewsWireIn back-to-back blog posts in the National Association of Home Builder's (NAHB's) Eye on Housing Blog , Paul Emrath details both the extent of the current shortage of lumber facing homebuilders and its impact on home prices. Em..[read more]

Massive Government Reorganization Plan Includes Housing Changes
Fri, 22 Jun 2018 14:20:32 GMT

Posted To: MND NewsWireThe Trump Administration formally rolled out a plan on Tuesday to massively reorganize the federal government . The proposal is largely the work of Office of Management and Budget Director and acting head of the Consumer Financ..[read more]

MBS Day Ahead: High Bar For Bonds to do Something Meaningful
Fri, 22 Jun 2018 13:20:37 GMT

Posted To: MBS CommentaryWhen a single, clearly-delineated event was responsible for 30bps of movement in 10yr yields in the matter of a few days, it's hard to get too worked up about 10bps of movement over the same time frame. It's even hard..[read more]

GSE Chatter - Another Government Plan; Conventional Conforming Updates
Fri, 22 Jun 2018 13:00:13 GMT

Posted To: Pipeline PressDon't have the time, or money, to take a trip to Scottsdale, Ariz., to see Frank Lloyd Wright's winter home and studio, Taliesin West? Well, that issue will no longer limit would-be visitors. Thanks to the latest immersive on..[read more]

2 Paradoxes For Mortgage Rates
Thu, 21 Jun 2018 21:35:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were microscopically higher today, which is paradoxical on two levels. The first paradox has to do with today's bond market improvements. Bonds underlie rates and bond market improvements coincide with rat..[read more]

MBS RECAP: Big Miss in Philly Fed Index Pushes Yields Lower
Thu, 21 Jun 2018 21:31:07 GMT

Posted To: MBS CommentaryGrandparents will always have at least a few stories about "the way things used to be." Those old ways may seem inefficient, strange, wonderful , or all of the above to the younger generation. For market watchers, the generat..[read more]

Inventory Woes: Are They Worse Than They Look?
Thu, 21 Jun 2018 14:26:14 GMT

Posted To: MND NewsWireThere has been a lot of hand-wringing for going on two years or so about the incredible shrinking inventory of homes for sale . This week CoreLogic analyst Molly Boesel joins the chorus with another analysis of the problem. Boe..[read more]

MBS Day Ahead: Is Today's Data One of The Early Clues We're Looking For?
Thu, 21 Jun 2018 13:50:15 GMT

Posted To: MBS CommentaryBy now, it's no great secret that pundits, analysts, and financial firm principals are pontificating on the next economic downturn. Guesses vary, but 95% of them are within the next 2 years. Perhaps as many as half of the..[read more]

FHFA: Home Price Index Continues to Rise
Thu, 21 Jun 2018 13:46:09 GMT

Posted To: MND NewsWireThere was another 0.1 percent increase in the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) in April. The index, which is calculated using home sales prices from mortgages sold to or guaranteed by the govern..[read more]

LO Resources; Doc and 1003 Products; Lender Credit Guideline Shifts
Thu, 21 Jun 2018 13:07:27 GMT

Posted To: Pipeline PressHuh? Rumors again that FHLB Atlanta is exiting the HFLB Xtra mortgage program effective at the end of this year? Who can keep track of all the rumored, and actual, changes in the biz? (Keeping with the Atlanta theme… n..[read more]

Ellie Mae: Purchase Loan Share at Post-Recession Highs
Thu, 21 Jun 2018 12:04:04 GMT

Posted To: MND NewsWireLoans for home purchasing continue to dominate mortgage originations and Ellie Mae says they may now represent the largest share of loans since the recession. The company's May Origination Insight Report put the purchasing shar..[read more]

MBS RECAP: Bonds Pulled Back Toward Top of Fence
Wed, 20 Jun 2018 23:04:15 GMT

Posted To: MBS CommentaryBefore the Italy drama picked up at the end of May, bonds were very much on the bad side of the fence. Italy quickly punted rates to the other side of the proverbial fence , but the good times didn't last long. As we move..[read more]

Mortgage Rates Edge Slightly Higher
Wed, 20 Jun 2018 20:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved modestly higher today after holding in roughly the same territory for the past 3 days. This brings them back in line with last Thursday's levels. In general, trade tensions helped the bond market ear..[read more]

Existing Home Sales Below Expectations for Second Month
Wed, 20 Jun 2018 14:55:42 GMT

Posted To: MND NewsWireAnalysts were expecting existing home sales to rebound in May after they fell behind year-ago levels in April. However, the National Association of Realtors® (NAR) reported a second straight monthly loss , with the Northeas..[read more]

MBS Day Ahead: Checking in With "Longer-Term Trend"
Wed, 20 Jun 2018 14:06:14 GMT

Posted To: MBS CommentaryI talk quite a bit about the " long-term trend " or the "longer-term trend" these days. It most frequently comes up in some iteration of the following: "until the long-term trend has been clearly defeated," etc. But what exac..[read more]

Credit Scoring and HR Products; Freddie and Fannie - Never Standing Still
Wed, 20 Jun 2018 12:59:56 GMT

Posted To: Pipeline Pressonight/tomorrow morning is the summer solstice. I am in Minneapolis at an ACUMA workshop and where the sun will set tonight at 9:03. (I suppose ACUMA could have held its event in Anchorage, where the sun sets at 11:42 tonight..[read more]

Mortgage Application Volume Second Highest of Year
Wed, 20 Jun 2018 12:16:58 GMT

Posted To: MND NewsWireMortgage interest rates waffled, moving in different directions depending on the product last week, but the volume of mortgage applications increased rather decisively . The Mortgage Bankers Association (MBA) said its Market Co..[read more]

MBS RECAP: Lowest Yields of The Month
Tue, 19 Jun 2018 20:15:58 GMT

Posted To: MBS CommentaryJune began with yields plateauing after rising from the Italy-inspired lows of late May. 10yr yields managed to avoid breaking above 3% until last week's much-anticipated Fed Day. Even then, the Fed and the ECB ultimately..[read more]

Mortgage Rates Barely Budge Despite Market Gains
Tue, 19 Jun 2018 19:19:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today, despite a somewhat decent improvement in bond markets. Overnight, trade war brinksmanship between the US and China had investors seeking the safe haven of bond markets. Excess deman..[read more]

A New CFPB Director? Perhaps That's Not the Intention
Tue, 19 Jun 2018 15:27:38 GMT

Posted To: MND NewsWireThe White House announced on Monday the nomination of Kathy Kraninger as head of the Consumer Financial Protection Bureau (CFPB) to replace acting director Mick Mulvaney. The appointment caught many in Washington by surprise as..[read more]

Housing Starts Rebounded in May, Permits Still Lag
Tue, 19 Jun 2018 13:59:03 GMT

Posted To: MND NewsWireResidential construction data was mixed for May as reported on Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Housing starts recovered strongly from their April loss while permits continu..[read more]

LO Training and Events; Trade Turmoil's Effect on Rates
Tue, 19 Jun 2018 12:59:41 GMT

Posted To: Pipeline PressWhen I grow up I want to live in a ranch style… shipping container? If you have a builder complaining about lumber costs or labor to frame a house, there’s always metal. “From rooftop decks to custom wood f..[read more]

MBS Day Ahead: Bonds Begin With a Bang
Tue, 19 Jun 2018 12:57:01 GMT

Posted To: MBS CommentaryYou're welcome! I knew if I lamented the slow and boring nature of the week ahead yesterday that I could trick the bond market into doing something exciting. Sure, it was a 50/50 chance that my little ploy could backfire,..[read more]

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