Gary Boatman
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Real Estate News
MBS RECAP: Trade Fears Hitting Stocks; Stocks Try to Take it Out on Bonds
Fri, 23 Mar 2018 21:25:58 GMT

Posted To: MBS CommentaryBonds showed both their hands early today. The first was seen in the overnight session when decent overseas buying demand pushed yields below the incredibly solid 2.80% floor. Sellers stepped in quickly and pushed yields back..[read more]

Mortgage Rates Sideways to Slightly Higher Despite Stock Rout
Fri, 23 Mar 2018 20:57:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were just barely higher in many cases today, although underlying bond markets recovered enough ground by the afternoon to suggest Monday's rates will recoup those losses. The only catch is that other facto..[read more]

Mortgage Profits Plummeted in Fourth Quarter
Fri, 23 Mar 2018 17:10:47 GMT

Posted To: MND NewsWirePer loan profits of Independent mortgage banks and mortgage subsidiaries of chartered banks fell dramatically in the fourth quarter of 2017. The Mortgage Bankers Association (MBA) reported a net gain of $237 on each loan they o..[read more]

New Home Sales Still Falling, Prices and Inventory Up
Fri, 23 Mar 2018 16:34:49 GMT

Posted To: MND NewsWireThere was much better news in February than in January regarding new home sales. Those sales had been reported down by 7.8 percent on top of a 9.3 percent decline in December. Sales pulled out of that nosedive last month, eking..[read more]

Not Everyone Benefits from Home Price Gains
Fri, 23 Mar 2018 15:14:32 GMT

Posted To: MND NewsWireMortgage rates have increased 49 basis points since the first of the year, with the 30-year fixed rate mortgage (FRM) standing at 4.44 percent on March 15 according to Freddie Mac's Primary Mortgage Market Survey. Given the rob..[read more]

Digital Lender Products; Update on Vendors; Rates Edge Higher
Fri, 23 Mar 2018 13:14:51 GMT

Posted To: Pipeline PressThe Census Bureau defines millennials as those born between 1982 and 2000, which means this year their age ranges from 18 to 36. Many will argue that a 36-year old doesn’t have a lot in common with a current high school..[read more]

MBS Day Ahead: Without a Rally, Bonds Build a Stronger Case For Resistance
Fri, 23 Mar 2018 12:31:15 GMT

Posted To: MBS CommentaryThe past 2 days represented a nice little run for bonds, but unfortunately it may end up looking like one of those fool's errands that was destined to hit an unmovable brick wall. Actually, in this case, it would be more ..[read more]

MBS RECAP: Stocks and Bonds Riding Same Train For Mostly Different Reasons
Thu, 22 Mar 2018 21:38:48 GMT

Posted To: MBS CommentaryToday was simple and straightforward in one sense. Stocks and bond yields (rates) were both moving lower, and that's something the two have been known to do when investors are moving away from "risk." But the underlying r..[read more]

Mortgage Rates Back at This Week's Lows
Thu, 22 Mar 2018 21:04:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued lower today on a combination of global reaction to yesterday's Fed Announcement and apprehension over new tariffs on China. The Fed Announcement was positive due to Jerome Powell's press conferen..[read more]

Black Knight: Prepayments are Falling, Hurricane Effect Lingers
Thu, 22 Mar 2018 14:51:36 GMT

Posted To: MND NewsWireAs interest rates rise and refinancing declines, the impact is beginning to manifest in the loan prepayment rate . The single month mortality rate (SSM) followed a 15 percent decline in January with another 9 percent loss in Fe..[read more]

Ignoring Trend, Home Prices Surged in January
Thu, 22 Mar 2018 14:07:56 GMT

Posted To: MND NewsWireHome prices took a big leap in January , at least according to the Federal Housing Finance Agency's (FHFA's) seasonally adjusted House Price Index (HPI). The 0.8 percent increase from December was the largest since last Februar..[read more]

"Significant" Reduction in Closing Times - Ellie Mae
Thu, 22 Mar 2018 13:27:03 GMT

Posted To: MND NewsWireThe 5-point surge in the share of refinancing loans that closed in January didn't survive the month. Ellie Mae's Origination Insight Report shows that share dropped from 45 percent to 43 percent in February. Refinancing lost ma..[read more]

MBS Day Ahead: Brace For Nonsense in The News
Thu, 22 Mar 2018 13:15:20 GMT

Posted To: MBS CommentaryOne of my favorite things to do is to push back on news media bandwagons with indignation and incredulity. Today provides a great opportunity for that because stocks are starting off weaker and most media outlets seem to be f..[read more]

Insurance Products; Trends in Servicing Sales; State's $0 Down Payment Offer
Thu, 22 Mar 2018 13:13:53 GMT

Posted To: Pipeline Press“Skin in the game” is a key component for lower delinquency and foreclosure rates, as borrowers have come up with required down payments. Mortgage investors like that kind of thing. But news broke that Massachuset..[read more]

MBS RECAP: After Miraculous Recovery, Bonds Upgraded to "Not Quite Dead"
Wed, 21 Mar 2018 22:08:19 GMT

Posted To: MBS CommentaryIf you're not up to speed on a few of the funniest scenes from Monty Python and The Holy Grail, this analogy is going to be tough to follow. In the interest of not posting a link that could eventually die (you never know ..[read more]

Mortgage Rates Higher, Then Lower After Fed Announcement
Wed, 21 Mar 2018 21:22:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose to new 4-year highs this morning as lenders took a defensive stance ahead of the afternoon's Fed Announcement. The caution proved to be warranted, at least at first, as bond markets reacted negatively..[read more]

Differences Between Previous and Current FOMC Statements
Wed, 21 Mar 2018 18:04:17 GMT

Posted To: MBS CommentaryInformation received since the Federal Open Market Committee met in DecemberJanuary indicates that the labor market has continued to strengthen and that economic activity has been rising at a solidmoderate rate. Gains in empl..[read more]

Move Over Millennials, Gen Z is Already Buying Homes
Wed, 21 Mar 2018 17:02:48 GMT

Posted To: MND NewsWireWho's afraid of growing up? Apparently not Generation Z. The post-Millennial crop of kids, those born in 1995 and later, are already moving into homeownership. Maria Lamagna, writing for MarketWatch says just shy of 100,000 mem..[read more]

Existing Home Sales Score First 2018 Gains
Wed, 21 Mar 2018 15:01:11 GMT

Posted To: MND NewsWireSales of existing homes reversed direction in February after sliding for two consecutive months. The National Association of Realtors® (NAR) said completed sales transactions of pre-owned single-family houses, condos, townh..[read more]

Hurricanes Weren't the Only Delinquency Disaster Last Year
Wed, 21 Mar 2018 14:11:33 GMT

Posted To: MND NewsWireNatural disasters were the backdrop for mortgage loan performance in 2017. CoreLogic has previously reported on delinquencies in Houston and throughout Florida in the wake of Hurricanes Harvey and Irma and in Puerto Rico after ..[read more]

MBS Day Ahead: Fed Day: A User Manual
Wed, 21 Mar 2018 13:28:58 GMT

Posted To: MBS CommentaryThis is a quick guide designed to help you approach this afternoon's Fed events in a logical and useful way. What's Happening Today and When? At 2pm ET: The Fed's official policy announcement will be released alon..[read more]

LO and Sales Products; Training and Events; Don't Bet Against the Fed
Wed, 21 Mar 2018 13:15:48 GMT

Posted To: Pipeline PressEver wanted to read a story, or recommend it to those who might find it interesting, titled, “Blockchain-Based Residential Real Estate Network Democratizes Investment Barriers and Solves Mortgage Debt Conundrum?” ..[read more]

Refi Applications Near 10-Year Low, But Purchases Improve
Wed, 21 Mar 2018 12:50:41 GMT

Posted To: MND NewsWirePurchase mortgage applications continued to gain strength during the week that ended March 16 but failed to compensate for a declining volume of refinancing activity. The Mortgage Bankers Association (MBA) said its Market Compo..[read more]

MBS RECAP: Bonds Take Pre-Fed Lead-Off (In Wrong Direction)
Tue, 20 Mar 2018 21:04:57 GMT

Posted To: MBS CommentaryImagine you manage a baseball team. Let's say it's little league , because what follows probably wouldn't happen in the bigs. You're working with your kids on leading-off and stealing bases. One of your player..[read more]

Mortgage Rates Highest in a Week Ahead of Fed
Tue, 20 Mar 2018 19:30:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose to the highest levels in more than a week today, but that's the most dramatic way to put it. In terms of outright movement, today was fairly average. It only earns the "highest in a week" distinction ..[read more]

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