Daily Mortgage News

Daily Mortgage News

Check out the daily mortgage news brought to you by our friends at Mortgage News Daily
Daily Mortgage News

Daily mortgage news help you to get information of loans available in market. Here you can find out more about loans that will be according to you needs. Latest updates on loan due to global pandemic are also available here. 

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  • Builder Sentiment Moves Slightly Higher, but Many Still See Hurdles Ahead September 20, 2021
    Posted To: MND NewsWireBuilder confidence edged its way higher in September, ending a three-month slump. The National Association of Home Builders (NAHB) reports that the NAHB/Wells Fargo Housing Market Index (HMI) rose a single point to 76 in September. The HMI is a measure of home builder attitudes toward the new home sales market. NAHB […]
    Jann Swanson
  • MLO, Controller Jobs; Servicing for Sale; Subservicing, Sales, Reverse Products; Events and Training; California's Zoning Change September 20, 2021
    Posted To: Pipeline PressSomeone asked me if I had plans for the fall. It took me a moment to realize they meant “autumn,” not the collapse of civilization. Lots of folks are keeping an eye on the collapse, or at least the decline in market value, of publicly held lenders. How much would you pay […]
    Rob Chrisman
  • MBS Morning: What is Evergrande and Why Do Bonds Care? September 20, 2021
    Posted To: MBS CommentaryEvergrande is a Chinese real estate company that has been circling the drain for months. During that time, press reports increasingly suggest that Evergrande's collapse could have some measure of systemic impact given the vast amount of money it owes to other institutions. Several of the likely-to-default bonds are due this week […]
    Matthew Graham
  • MBS RECAP: Traders Move to Sidelines Ahead of Fed Announcement September 17, 2021
    Posted To: MBS CommentaryTraders Move to Sidelines Ahead of Fed Announcement September's big Fed announcement doesn't hit until next Wednesday, but it's not too early for markets to freak out about it a little bit. The fear is expressed in the form of a move to the sidelines for both stocks and bonds. In other […]
    Matthew Graham
  • Rates at 2-Month Highs Ahead of Fed Week September 17, 2021
    Posted To: Mortgage Rate WatchMortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week's Fed announcement. In other words, investors sold bonds (among other things) and in the bond market, selling pressure means lower prices and higher rates, all other things being […]
    Matthew Graham
  • New Forbearance Plans and Reentries Rise September 17, 2021
    Posted To: MND NewsWireBlack Knight says that the number of active forbearance plans continued to fall over the last week, but also noted an uptick in both new plans and reentries to the program , primarily among VA and FHA loans. The number of active forbearances dropped by 22,000 or 1.4 percent during the week […]
    Jann Swanson
  • Flipping Transactions Increase, Profits Do Not September 17, 2021
    Posted To: MND NewsWireThe number of homes flipped by investors grew by 3.5 percent in the second quarter of the year. It was the first increase in more than a year. ATTOM says its second quarter U.S. Home Flipping Report shows that 79,733 single-family homes and condominiums in the United States were flipped during that […]
    Jann Swanson
  • Fed Ethics Rules Get High-Powered Review September 17, 2021
    Posted To: MND NewsWireAnother powerful group of federal officials are in the hotseat after details of their personal finances were revealed. While there are no accusations of wrong-doing (unlike the case of several senators who faced ethics reviews in 2020), the financial disclosures of several Fed presidents have prompted a bank-wide smell test. As Thomas […]
    Jann Swanson
  • MLO, Dir. of Sales, Controller Jobs; HELOC, DPA, Blockchain, CRM, Sales Tools; FHA and VA News; PSPA Thoughts September 17, 2021
    Posted To: Pipeline PressSome things stick with you , some don’t. Many of the topics covered here in Atlanta’s NAMMBA Connect 2021 will stick with folks since they mirror what various companies have their eye on. Social media best practices, modern appraisal technology and new valuation models, leveraging technology, data intelligence, and other tools to […]
    Rob Chrisman
  • MBS Day Ahead: Bonds Testing Weakest Levels in 2 Months September 17, 2021
    Posted To: MBS CommentaryThe headline is a bit dramatic, but not untrue. 10yr yields were as high as 1.351 yesterday--just a moderate day of weakness away from the 2-month high of 1.385 seen at the start of last week. Before that, there were two other bounces in similar territory (1.379 and 1.375). That puts today's […]
    Matthew Graham
  • Highest Rates in a Week After Surprisingly Strong Economic Reports September 16, 2021
    Posted To: Mortgage Rate WatchMortgage rates moved higher again today, bringing the average lender to the worst levels since last Thursday. There are a few exceptions to that due to recent regulatory changes. Specifically, many lenders made improvements to loans for 2nd homes and investment properties. That's the short version. If you need to background, […]
    Matthew Graham
  • MBS RECAP: Uneventful Afternoon After Strong Data Sends Yields Higher September 16, 2021
    Posted To: MBS CommentaryUneventful Afternoon After Strong Data Sends Yields Higher Today's key development was the duo of much stronger economic reports at 8:30am (Philly Fed and Retail Sales). Indeed, this accounted for the only interesting moments of the day. 5 minutes later, both MBS and Treasuries weakened to levels that persisted through the 3pm […]
    Matthew Graham
  • Refis and Purchasing Split Originations in July September 16, 2021
    Posted To: MND NewsWireRefinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancing. Refinancing, however, continued to dominate the conventional market at 54 percent of those loans. The share […]
    Jann Swanson
  • AE Jobs; Lock Desk, VOE, Sales, Reporting Tools; More Conf. Conv. Changes; Remote Events Today September 16, 2021
    Posted To: Pipeline PressI’m getting old. I can remember the lyrics from a Steppenwolf song that I haven’t heard in 20 years but I don’t remember what I had for lunch yesterday. I do know, however, that today is a trip to Atlanta for a presentation with attorney Mitch Kider, and I glanced at the […]
    Rob Chrisman
  • MBS Day Ahead: Starting on The Back Foot After Stronger Retail Sales September 16, 2021
    Posted To: MBS CommentaryBonds are starting the day on the back foot as Retail Sales rose 0.7% despite a median forecast of -0.8. The Philly Fed numbers also surged past 18.8 forecasts to the tune of 30.7--decisive victories for economic data on both fronts. Bonds are reacting logically with a move to the weakest levels […]
    Matthew Graham
Mortgage Rates Start Higher, But Improve in The Afternoon

Posted To: Mortgage Rate WatchMortgage rates are only adjusted once per day by default. From there, the underlying bond market would need to improve or deteriorate by a certain amount for the average lender to go to the trouble of a mid-day reprice. A small handful of lenders did that last Friday (bonds were deteriorating), […]

August 23, 2021

Matthew Graham

MBS RECAP: Treasuries Slide Sideways as MBS Outperform

Posted To: MBS CommentaryTreasuries Slide Sideways as MBS Outperform The most notable development today was the outperformance on the part of MBS. The most obvious culprit would be the looming Treasury auction cycle logically causing more anxiety for Treasuries. There’s also the distinct steepening of the yield curve, which tends to favor MBS when it’s […]

August 23, 2021

Matthew Graham

Existing Home Sales Back on the Rise as Inventories Improve

Posted To: MND NewsWireExisting homes sales posted the second consecutive increase in July after breaking out of a slump in June that had endured for four months. The National Association of Realtors®, (NAR) said sales of pre-owned single-family houses, town houses, condominiums, and cooperative apartments rose to a seasonally adjusted annual rate of 5.99 million […]

August 23, 2021

Jann Swanson

MBS Week Ahead: What is Jackson Hole (And What it Isn’t)

Posted To: MBS CommentaryThe Fed’s annual Jackson Hole symposium has often served as a venue for the Fed Chair to offer a sneak preview of impending policy changes or simply to provide a more candid assessment of how the Fed may react to potential changes in employment and inflation heading into the new year. While […]

August 23, 2021

Matthew Graham

Ops, MLO jobs; Whole Loan Sales, Jumbo, QC, Home Buying Education Products; Freddie and Fannie Changes

Posted To: Pipeline PressFires in California, floods in Tennessee, hurricanes in New York, COVID hospitalizations seemingly everywhere written up by the press. The “fun” never ends. Here in Orange County, at the California MBA’s Western Secondary, the talk in the hallways is focused not so much on huge shifts, because it looks like Freddie, Fannie, […]

August 23, 2021

Rob Chrisman

Rates Stuck in The Middle

Posted To: Mortgage Rate WatchRates are on hold until the next chapter is written in the complex saga of covid versus the market. This isn’t to say rates perfectly flat–simply that the prevailing momentum has been sideways for the past few weeks. Since mortgage rates only change once or twice a day, we can use […]

August 20, 2021

Matthew Graham

MBS RECAP: Moderate Weakness For Uneventful Reasons

Posted To: MBS CommentaryModerate Weakness For Uneventful Reasons Bonds lost some ground today with 10yr yields up roughly 2bps heading into the 3pm CME close and 2.0 MBS down an eighth of a point. Viewed holistically, the week was very calm and yields ended right in the middle of the range (1.22-1.30% in the narrowest […]

August 20, 2021

Matthew Graham

Fannie Mae Says COVID-19 Surge Won’t Impact Growth. Probably.

Posted To: MND NewsWireFannie Mae’s economists provided a mixed forecast this month. The baseline view of the company’s Economic and Strategic Research (ESR) group is for the recent virus surge to drag modestly on consumers’ services consumption in the near term and modestly worsen supply chain disruptions abroad, but they don’t think it will prevent […]

August 20, 2021

Jann Swanson

Although Dwindling, Serious Delinquencies Still a Concern

Posted To: MND NewsWireThe federal foreclosure moratoria expired at the end of July and, with some 1.45 million borrowers seriously delinquent on their mortgages but not in foreclosure, Black Knight says, “potential foreclosure activity in the coming months warrants close observation.” The majority of those seriously delinquent mortgages, however, are still in active forbearance plans. […]

August 20, 2021

Jann Swanson

Sales Mgt., MLO Jobs; HELOC, Warehouse, Blockchain, Licensing Tools; News on Jumbo and Non-QM Products

Posted To: Pipeline PressWho wants to work on a Friday in summer? Not me! I was pleased to find the Type The Alphabet Game , which times you on how fast you type the alphabet. Fun, and doesn’t take much time. For something different, and some of you may need a tissue when reading it, […]

August 20, 2021

Rob Chrisman

MBS Day Ahead: Random Volatility Risks As Traders Tune Out

Posted To: MBS CommentaryIt’s a good time to revisit the primer on illiquidity unless the term is 2nd nature for you ( here it is ). Illiquidity is definitely a factor today as traders have undoubtedly targeted it as a perfect candidate for a 3-5 day weekend due to the absence of any relevant events […]

August 20, 2021

Matthew Graham

Fannie’s New Rental History Credit Boost Not as Simple as it Sound

Posted To: MND NewsWireIt seemed like a simple solution for expanding the credit profile of many first-time homebuyers, but Fannie Mae’s new plan to utilize rent payment history to that end will not immediately remedy the situation. Linda Goodman and Jun Zhu, in a new post on the Urban Institute’s (UI’s) Urban Wire blog, say […]

August 19, 2021

Jann Swanson

Builders Pull Back on Housing Starts

Posted To: MND NewsWireIt seemed like a simple solution for expanding the credit profile of many first-time homebuyers, but Fannie Mae’s new plan to utilize rent payment history to that end will not immediately remedy the situation. Linda Goodman and Jun Zhu, in a new post on the Urban Institute’s (UI’s) Urban Wire blog, say […]

August 19, 2021

Jann Swanson

MBS RECAP: Bonds Finally Have a Boring Day

Posted To: MBS CommentaryBonds Finally Have a Boring Day 10yr yields traded in a range of less than 3bps during the domestic session today. From 10:30am on, that range narrowed to only 1bp. We haven’t had a day like this in a while–3+ weeks at the very least. When things are flat and boring, there’s […]

August 19, 2021

Matthew Graham

Mortgage Rates Near 2-Week Lows

Posted To: Mortgage Rate WatchMortgage rates were slightly lower today as the bond market improved for the 2nd straight day. When bonds prices move higher, bond yields (or rates) move lower, all other things being equal. In the current case, bonds were generally cautious heading into yesterday’s reading of the minutes from the most recent […]

August 19, 2021

Matthew Graham

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