Gary Boatman
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Real Estate News
MBS RECAP: MBS Outperform as Treasuries Continue Correcting
Thu, 22 Aug 2019 20:18:40 GMT

Posted To: MBS CommentaryToday's most prominent trade was the reaction to the 9:45am Markit PMI data. Several of the metrics were at their weakest levels since 2009. The composite PMI was the lowest since record keeping began. That means that the..[read more]

Mortgage Rates Hold Steady at Week's Highest levels
Thu, 22 Aug 2019 19:57:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to hold relatively steady today after moving higher at their fastest pace in over a week yesterday. Incidentally, they also hit their highest levels in more than a week as well. In the bigger pictu..[read more]

Treasury Report Sparks Rumors of Fannie/Freddie Liberation
Thu, 22 Aug 2019 18:42:02 GMT

Posted To: MND NewsWireSources are telling Bloomberg that a report on the White House's plan to release Fannie Mae and Freddie Mac (the GSEs) from their 11-year long conservatorship has landed on the desks of several agencies and is also in the hands..[read more]

POS, Broker, Marketing Products; Trends in Customer Service
Thu, 22 Aug 2019 13:01:01 GMT

Posted To: Pipeline PressThank you to everyone who wrote yesterday correcting me that Hawai’i’s 1959 statehood is 60 years old and not 50. I know it’s not the case, but sometimes it seems like admitting Hawai’i was the last th..[read more]

MBS Day Ahead: Bonds Set to Spar With Key Yield Ceiling
Thu, 22 Aug 2019 12:52:09 GMT

Posted To: MBS CommentaryIn the day just passed, bonds digested and reacted to the minutes from the latest Fed meeting (from late July). Given that the Fed cut rates at that meeting and that many speakers have made themselves clear, there wasn't ..[read more]

Loan Closing Rates Hit Record High
Thu, 22 Aug 2019 12:41:56 GMT

Posted To: MND NewsWireThere was a dramatic drop in the average note rate for loans originated in July and the refi share of those originations rose significantly. The July Origination Insight Report from Ellie Mae shows a seventh consecutive monthly..[read more]

July Delinquency Rate Lowest in Almost 20 Years
Thu, 22 Aug 2019 12:13:59 GMT

Posted To: MND NewsWireBlack Knight said on Thursday that the national delinquency rate fell back by 7.27 percent in July , erasing last month's increase that was caused in party by the calendar. The new rate, 3.46 percent of all active mortgages, is..[read more]

MBS RECAP: Jerky Knees After Fed
Wed, 21 Aug 2019 21:33:50 GMT

Posted To: MBS CommentaryToday brought the (not very) much-anticipated FOMC Minutes--a more detailed account of the conversation that transpired at the end of July when the Fed announced its rate cut. As expected, some at the Fed wanted to cut more. ..[read more]

Mortgage Rates Pop Higher
Wed, 21 Aug 2019 20:58:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher today, and it had nothing to do with any of the day's events or news headlines. Quite simply put, the bond market (which dictates the rates that can offered by lenders) had already begun to we..[read more]

Low Rates "Nudged" Existing Home Buyers NAR says
Wed, 21 Aug 2019 15:19:49 GMT

Posted To: MND NewsWireExisting home sales returned to an upward track in July after dipping 1.7 percent in June. The National Association of Realtors® (NAR) said pre-owned single-family homes, townhomes, condominiums, and cooperative apartments ..[read more]

MBS Day Ahead: Consolidating Into Fed Minutes, But Not Because They Guarantee a Breakout
Wed, 21 Aug 2019 14:14:44 GMT

Posted To: MBS CommentaryIn the day just passed, a modest uptrend in yields was "defeated" from a technical standpoint. Yields broke below a trend-line marking "higher lows" that began last Thursday afternoon and spent the rest of the day moving most..[read more]

Customer Retention, Broker Products; Yield Curve and Mortgage Rates
Wed, 21 Aug 2019 12:43:24 GMT

Posted To: Pipeline PressCongratulations to Hawaii which became a state fifty years ago today. We’ve had plenty of economic cycles, small and large, in fifty years, although in general rates have been coming down since 1981. And we’ve had..[read more]

Share of Custom Home Construction Remains Flat
Wed, 21 Aug 2019 12:16:36 GMT

Posted To: MND NewsWireResidential construction has been famously slow for several years and some new analysis of Census data by the National Association of Home Builders (NAHB) shows that the lack of robustness is shared in the custom home sector. I..[read more]

Refinancing Wave Continues; Lenders May Have Capacity Restraints
Wed, 21 Aug 2019 12:11:54 GMT

Posted To: MND NewsWireThe volume of mortgage applications continued to be shored up by refinancing during the week ended August 16, but overall activity was down. The Mortgage Bankers Association (MBA) said its Market Composite Index slipped 0.9 per..[read more]

MBS RECAP: Bonds Reject Bad Break, But What's Next?
Tue, 20 Aug 2019 21:41:44 GMT

Posted To: MBS CommentaryBonds were breathing easy by the time the domestic session got underway. Before that, they kicked off the overnight session in lower yield territory. Modest gains meant a friendly break below the potentially troubling resista..[read more]

Mortgage Rates Fairly Flat Today, But Volatility Could Increase
Tue, 20 Aug 2019 21:13:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held steady today, for the most part. If there was a leaning, it was toward slightly lower rates, but not by a wide enough margin to be significant. At first glance, holding steady at the lowest levels in ..[read more]

New Fair Housing Rule Eases Defense of Disparate Impact Claims
Tue, 20 Aug 2019 18:30:59 GMT

Posted To: MND NewsWireMonday's edition of the Federal Register featured a proposed rule that, depending on your viewpoint, would amend the Department of Housing and Urban Development's (HUD's) interpretation of the Fair Housing Act's disparate impac..[read more]

MBS Day Ahead: Apparently, It's Not Over Yet
Tue, 20 Aug 2019 12:59:16 GMT

Posted To: MBS CommentaryIn the day just passed, we considered a rather melodramatic question ("is it over?"), which refers to the general strength in the bond market seen in August and our ability to maintain (or improve upon) the lowest rates in 3 ..[read more]

DPA Products; Webinars This Week; Credit News; is Worth What?
Tue, 20 Aug 2019 12:45:37 GMT

Posted To: Pipeline PressWhy is a 43% DTI, a line many view as “drawn in the sand,” so critical to the ability of a borrower to repay a loan? What about reserves or utility bill payment? If the borrower is already paying $2,000 a month in..[read more]

MBS RECAP: Bonds Face Some Pressure as Correction Extends
Mon, 19 Aug 2019 21:59:35 GMT

Posted To: MBS CommentaryThere haven't been many market moving headlines over the past 2 days with the exception of Germany removing the veil of secrecy from its fiscal stimulus discussions. That hit bonds on Friday and again in the overnight ses..[read more]

Mortgage Rates Hold Relatively Steady Despite Bond Market Weakness
Mon, 19 Aug 2019 20:52:00 GMT

Posted To: Mortgage Rate WatchMortgage rates mostly held steady today , despite a move higher in broader interest rate indicators like the 10yr Treasury yield. Treasuries and mortgage rates typically track each other quite well, but that relationship..[read more]

Fannie Mae Predicts Two Additional 2019 Rate Cuts, Here's Why
Mon, 19 Aug 2019 16:09:44 GMT

Posted To: MND NewsWireFannie Mae used a fair number of trade-offs in while coming up with its revised outlook for the real gross domestic product (GDP) this year. The company's economists, headed by Chief Economist Doug Duncan, upgraded its full yea..[read more]

MBS Day Ahead: Is It Over?
Mon, 19 Aug 2019 13:24:11 GMT

Posted To: MBS CommentaryIn the week just passed, bonds rallied to new long-term low yields before bouncing on Friday. Hong Kong protests over the weekend kicked things off on a strong note and weak global economic data on Wednesday sparked the next ..[read more]

Trailing Doc and U/W Products; Vendor Trends and News, Capital Markets
Mon, 19 Aug 2019 13:10:27 GMT

Posted To: Pipeline PressBuilders can’t complain too much about material prices anymore. Building materials prices rose only 0.7% in July, and are down overall year-over-year. Despite tariffs, softwood lumber prices are down 20% over the past y..[read more]

Builder Confidence is Good, But it Could be Better
Fri, 16 Aug 2019 23:17:25 GMT

Posted To: MND NewsWireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) moved one point higher this month. However, at 66, NAHB's measure of builder confidence in the new home market stayed within the 64 to 66 r..[read more]

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