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LOS Enhancements, Advancements
Jan 15th, 2:03pm
A major financial institution recently implemented a new loan origination system, while providers of competing LOS offerings have integrated other...
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Cloud of Uncertainty Looms Over CFPB Leadership
Jan 15th, 10:51am
A ruling in favor of President Donald Trump's choice to temporarily oversee the Consumer Financial Protection Bureau does not provide resolution...
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Mortgage Rates Avoid More Dire Outcomes After Inflation Report
Jan 12th, 7:00pm
Posted To: Mortgage Rate WatchMortgage rates caught a break yesterday by moving lower for the first time this week. They arguably caught a break...
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MBS RECAP: China Must be Buying
Jan 12th, 6:58pm
Posted To: MBS CommentaryI laughed out loud today--something I rarely do when reading typed words--after MBS Live cornerstone Sung Kim quipped...
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Refi Share Widest Since June 2014
Jan 12th, 4:33pm
As new mortgage business recovered from a holiday slump, the share of activity that was for refinances reached the widest level in more than three...
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Monthly, Annual MBS Issuance Down at Ginnie
Jan 12th, 3:14pm
Securitizations on behalf the Government National Mortgage Association descended on a monthly and annual basis. But its book of business continued...
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MGIC Tightens DTI Requirements
Jan 12th, 2:25pm
An alarming number of loans with high debt-to-income ratios have Mortgage Guaranty Insurance Corp. tightening its DTI and credit requirements.The...
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Palm Beach Notches Big-Ticket Home Sales
Jan 12th, 2:21pm
Once viewed as a bastion of older high-society snowbirds, the Florida island is becoming hipper as younger families are drawn by low taxes,...
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Santelli Exchange: 'Summer' time in January
Jan 12th, 1:44pm
CNBC's Rick Santelli discusses the dollar's...
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Wells Fargo's Mike Mayo: Why to bet on the big banks for 2018
Jan 12th, 1:44pm
Mike Mayo, Wells Fargo senior bank analyst,...
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Mortgage Servicing-Related Civil Penalties Issued
Jan 12th, 1:12pm
Several orders issued six years ago over servicing and foreclosure abuses have been terminated, while new civil penalties have been issued.On...
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One former Fed governor is worried that no one is worried about the strong economy
Jan 12th, 12:56pm
"There's a lot of enthusiasm in markets," and that's concerning, says professor Randy Kroszner....Read More
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Bonds entering the ‘danger zone,' market watcher says
Jan 12th, 12:54pm
For decades, prices for U.S. bonds have generally gone higher. But, the long boom could be heading for a bust....Read More
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PennyMac Opens Broker Channel; New #1 Wholesaler?
Jan 12th, 12:31pm
Following months of waiting, mortgage brokers can now add PennyMac Financial Services Inc. to their roster of wholesalers. With its entry, the...
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Death of Bond Bull Market Exaggerated as Volatility Signals Calm
Jan 12th, 11:37am
Bloomberg Death of Bond Bull Market Exaggerated as Volatility Signals Calm Bloomberg U.S. government bonds have slid this week, yet fears of a...
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Business inventories up 0.4% in November
Jan 12th, 11:30am
CNBC's Rick Santelli reports the latest read on...
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Federal Reserve fines five banks to wrap up mortgage servicing charges
Jan 12th, 10:36am
WASHINGTON (Reuters) - The Federal Reserve fined five large U.S. banks a combined $35.1 million to settle cases of mortgage servicing flaws dating...
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Mortgage Originations, Servicing Down at Chase
Jan 12th, 10:30am
Mortgage income was down at JPMorgan Chase & Co., which doesn't expect much impact from the new tax law. Home lending and servicing...
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It worries me that no one seems to be worried about markets: Former Fed Governor
Jan 12th, 10:24am
Former Fed Governor Randy Kroszner weighs in on the...
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For Bond Investors, Low Expectations in a Low-Yield World
Jan 12th, 10:00am
Small portfolio tweaks, emerging markets and money market funds are options - but prospects for big profits are rare....Read More
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Wells Fargo Earnings, Home Lending Down
Jan 12th, 9:49am
Despite a surge in refinance share, quarterly and annual mortgage originations at Wells Fargo & Co. were lower, and a further decline is...
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Markets getting increasingly comfortable with more rate hikes this year
Jan 12th, 9:24am
Markets now fully expect two rate hikes this year and have nearly priced in a third....Read More
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Business inventories up 0.4% in November vs expectation of 0.2% gain
Jan 12th, 9:05am
U.S. business inventories were anticipated to rise in November, after slipping the previous month....Read More
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2-year Treasury yield tops 2% for the first time since 2008 as inflation rises
Jan 12th, 8:16am
U.S. government debt yields rose Friday after consumer pricing data posted its biggest gain in 11 months....Read More
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Consumer Price Index up 0.1%, December retail sales up 0.4%
Jan 12th, 8:15am
CNBC's Rick Santelli breaks down the latest...
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Broker News; Mergers/Acquisitions; Guild to Buy Cornerstone
Jan 12th, 8:14am
Posted To: Pipeline PressPlenty of people tell me that I’m “long in the tooth.” (A way of gauging a horse’s age.) Tooth?...
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US retail sales rise, while core sales are revised sharply higher
Jan 12th, 7:50am
U.S. retail sales increased in December as households bought a range of goods and figures for the prior month were revised higher....Read More
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US core consumer prices post biggest gain in 11 months
Jan 12th, 7:49am
The U.S. Consumer Price Index was expected to rise 0.2 percent in December, down from the 0.4 percent increase a month earlier....Read More
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MBS Day Ahead: CPI is the New NFP, Sometimes
Jan 12th, 7:34am
Posted To: MBS CommentaryA majority of market participants (or their mentors) were steeped in the extraordinary inflation/rate volatility of the...
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BlackRock's Larry Fink: Surprised by huge inflows in bonds
Jan 12th, 7:13am
Larry Fink, BlackRock CEO, talks about the...
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We've marked up our GDP forecast to 2.5 - 2.75% in 2018: Fed's Robert Kaplan
Jan 12th, 7:13am
In an exclusive CNBC interview, Dallas Fed...
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JP Morgan's quarterly results 'mediocre' across the board: Bank analyst
Jan 12th, 7:12am
Bove, The Vertical Group bank analyst, provides...
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JPMorgan profit beats on higher interest rates; debt trading down
Jan 12th, 7:10am
(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit on Friday as gains in net...
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There's Another Culprit for Treasury Rout Besides Japan and China
Jan 12th, 7:10am
Bloomberg There's Another Culprit for Treasury Rout Besides Japan and China Bloomberg Treasury traders assigning blame to Japanese...
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Wells Fargo beats earnings estimates but just misses on revenue
Jan 12th, 7:08am
Wells Fargo was expected to report fourth-quarter earnings of $1.07 per share on revenue of $22.38 billion, according to analysts surveyed by...
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Mortgage Rates Rise, More Increases Ahead
Jan 11th, 4:13pm
Weekly rates on single-family loans moved higher, and it was a similar story for monthly rates. Forecasts call for further ascension in the...
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MBS RECAP: Another Strong Auction Helps Bonds After China News Debunked
Jan 11th, 3:50pm
Posted To: MBS CommentaryYesterday morning's news regarding China potentially buying fewer (or selling) US Treasuries has been a big talking...
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Fed's Dudley warns that tax cuts putting economy on an 'unsustainable path'
Jan 11th, 3:10pm
New York Fed President Bill Dudley painted an unflattering picture for growth, saying that the recently passed tax cuts pose an ominous threat...
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Guild Mortgage Making Acquisition
Jan 11th, 3:09pm
A mortgage banking firm in the Midwest that generates a billion dollars in loan production annually is being acquired by Guild Mortgage Co.San...
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Mortgage Rates Catch a Break With Help From Treasuries
Jan 11th, 2:51pm
Mortgage rates caught a break today, moving lower for the first time this week and pushing back from the highest levels since early July...
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Treasury Secretary Mnuchin: Most important issue is for companies to increase wages
Jan 11th, 2:28pm
Treasury Secretary Stephen Mnuchin addresses the...
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Growing Concerns Over VA Loan Churning
Jan 11th, 2:27pm
A Ginnie Mae official told Congress this week that his agency has growing concerns over the incidence of "loan churning" in the VA mortgage...
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Oil Prices Higher, Up 19% Year-over-year
Jan 11th, 2:14pm
From Bloomberg: Crude Oil Prices Are Up 49%, and It's Not All Thanks to OPEC The bottom line: A 49 percent surge in benchmark North American crude...
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David Rosenberg: Fed taking on role of 'serial bubble blower' and it won't 'end
Jan 11th, 2:13pm
The Fed's tendency will be toward safe decisions and away from anything likely to unsettle Wall Street, said David Rosenberg at Gluskin...
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What Bond Rout? Let's Not Get Carried Away by the Hype and Noise
Jan 11th, 2:10pm
Bloomberg What Bond Rout? Let's Not Get Carried Away by the Hype and Noise Bloomberg For all the talk of a bond-market collapse, U.S....
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5 tips before you buy or sell a home in cryptocurrency
Jan 11th, 2:10pm
High-end real estate agent Tony Giordano shares his expertise to make the most of an emergent trend....Read More
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One in Four US Homebuyers Paid Above Listing Price Last Year
Jan 11th, 2:09pm
Bloomberg One in Four US Homebuyers Paid Above Listing Price Last Year Bloomberg A tight supply of U.S. homes for sale, coupled with low mortgage...
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Early-Stage Delinquencies Rise After Recent Storms
Jan 11th, 1:29pm
Data from CoreLogic shows that, nationally, 5.1 percent of mortgages were in some stage of delinquency (30 days or more past due including those...
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Credit Scores Climb to 5-Year High
Jan 11th, 1:18pm
Last year, Americans' credit scores improved to the highest level in five years thanks to improving economic conditions. Credit scores...
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Santelli Exchange: Inside the buy-side survey results
Jan 11th, 12:01pm
Corbin Advisor's Rebecca Corbin and CNBC's...
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Santelli Exchange: Looking at China on the global rate table
Jan 11th, 12:01pm
CNBC's Rick Santelli discusses the German bond...
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Judge Rules in Favor of Trump's CFPB Appointee
Jan 11th, 11:56am
A federal judge's decision not to remove President Donald Trump's choice as acting director of the Consumer Financial Protection Bureau sets up a...
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TD Bank Names New Mortgage Chief
Jan 11th, 11:53am
The U.S. mortgage banking subsidiary of The Toronto-Dominion Bank has hired a seasoned executive with nearly three decades in financial services...
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Citigroup warns New York and California homeowners could see tax bills go up about $3,000
Jan 11th, 11:38am
The reason comes down to a change in the Republican tax law having do to with the so-called SALT provision....Read More
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Court Denies English's Preliminary Injunction Motion; Mulvaney Continues to Exercise Acting CF
Jan 11th, 11:33am
Yesterday, U.S. District Court Judge Timothy J. Kelly denied Leandra English's motion for a preliminary injunction in a 46-page opinion. English...
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Sacramento Housing in December: Sales down 8% YoY, Active Inventory up 8% YoY
Jan 11th, 11:01am
Note: I'm going to retire the graph below.  The purpose was to see when the market shifted from distressed sales to more conventional...
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Fed Economists Suggest Rapid Mortgage Paydown Plan
Jan 11th, 10:27am
Alternatives to the current long-term process of paying down a mortgage include one proposed by a pair of economists at the Federal Reserve...
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Can yields continue to spike?
Jan 11th, 10:20am
Tony Crescenzi of Pimco weighs in on the jump in...
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New Home Sales Defy Holiday Lull, Rising in December
Jan 11th, 9:17am
Despite the usual holiday lull in overall mortgage applications, the demand for newly constructed homes increased in December.  The Mortgage...
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Mortgage Rates Bounce Back Up
Jan 11th, 9:08am
Mortgage Rates Bounce Back Up...Read More
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Why this homeowner will accept bitcoin for his $45 million mansion
Jan 11th, 8:57am
Cryptocurrencies have brought more potential buyers to the luxury home market....Read More
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MBS Day Ahead: China's "Fake News" Comes and Goes. Shocking Market Reaction Follows
Jan 11th, 8:18am
Yesterday, the possibility of China decreasing its purchases of US Treasuries was all anyone could talk about.  Amid a sea of voices...
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Initial jobless claims up 11K to 261,000, PPI down 0.1%
Jan 11th, 8:14am
CNBC's Rick Santelli breaks down the latest...
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Strategist says keep an eye on these key technical levels
Jan 11th, 8:14am
Katie Stockton, BTIG chief technical strategist,...
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LIBOR Replacements; Mortgage Rates and Tax Reform
Jan 11th, 8:13am
Posted To: Pipeline PressWhen I grow up I want a million-dollar house! Tight inventories, costs, and appreciation have created an increase of...
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US producer prices fall for first time in nearly 1-½ years
Jan 11th, 7:46am
The U.S. Producer Price Index slipped 0.1 percent in December, after a 0.4 percent increase a month earlier....Read More
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US jobless claims increase for fourth straight week
Jan 11th, 7:46am
First-time claims for state unemployment benefits were expected to total 248,000 for the most recent week....Read More
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China says diversifying FX reserves, warns report on US bonds may be 'fake'
Jan 11th, 7:23am
BEIJING, Jan 11 (Reuters) - China is diversifying its foreign exchange reserves in order to safeguard their value, the country's currency...
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China shunning US debt is ‘not relevant' and will not happen, economist says
Jan 11th, 7:22am
Global investors should not be concerned by a report that China is looking to curb its purchases of U.S. bonds, one economist told CNBC....Read More
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Why falling bond prices are traditionally seen as bad for stocks
Jan 11th, 7:21am
A sharp sell-off in bond markets this week spilled over into global equities with jitters that a near 30-year run bull run for fixed income could...
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MBS RECAP: Bonds Slightly Weaker After Sorting Through Another Red Herring Delivery
Jan 10th, 4:37pm
Yesterday: Japan.  Today: China.  Stakeholders, journalists, and even a fairly wide swath of bond traders are eager to make sense...
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Kansas City Fed on Housing: "Pent-Up Demand and Continuing Price Increases"
Jan 10th, 3:05pm
From Jordan Rappaport, Senior Economist at the Kansas City Fed: Pent-Up Demand and Continuing Price Increases: The Outlook for Housing in 2018 An...
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The Fed Delivered $80.2 Billion in Profits to the Treasury in 2017
Jan 10th, 3:04pm
Though last year's contribution - made from revenue on its portfolio of bond holdings - declined from 2016, it was well above the average in years...
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5 Mortgage Firms Recognized Among Best Employers
Jan 10th, 2:53pm
The latest rankings of best employers are in, and five mortgage organizations made the cut. Also among firms recognized was a compliance service...
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Mortgage Rates Remain at 6-Month Highs Despite Late Day Bounce
Jan 10th, 2:35pm
Posted To: Mortgage Rate WatchMortgage rates were much higher this morning, bringing them to new 6-month highs (a dubious distinction also...
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Bond Traders Question the Bear Market - Bloomberg
Jan 10th, 2:27pm
Bloomberg Bond Traders Question the Bear Market Bloomberg Ten-year U.S. yields flirted with the highest levels since 2014 Wednesday as longtime...
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China may be mulling Treasuries slowdown, but options limited
Jan 10th, 2:27pm
LONDON/WASHINGTON (Reuters) - Chinese officials reviewing the country's vast foreign exchange holdings have recommended slowing or halting...
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Realtors, Licking Their Wounds, Get Ready for Their Next Battle
Jan 10th, 2:26pm
NAR'S influence in Washington faces test as the federal government's role in backing mortgages comes up for debate. The post Realtors, Licking...
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Benefits of tax cuts could be reduced by higher rates
Jan 10th, 1:10pm
CNBC's Steve Liesman reports on rising interest...
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10-Year Treasury note auction yield at 2.579%
Jan 10th, 1:10pm
CNBC's Rick Santelli reports on the bond...
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Santelli Exchange: Treasury trading cycles
Jan 10th, 1:10pm
CNBC's Rick Santelli dives into treasury...
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Report Chinese could stop Treasury buying seen as political but hits raw nerve
Jan 10th, 1:03pm
A reported threat by China to stop or slow U.S. Treasury buying is being taken seriously and is seen as political by the bond market....Read More
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3 ways tax reform will hit home values
Jan 10th, 1:03pm
The recent surge in home values could slow thanks to the freshly passed tax overhaul....Read More
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Pimco could add U.S. Treasuries if market weakens further: Ivascyn
Jan 10th, 1:02pm
NEW YORK (Reuters) - Pimco, one of the world's biggest money managers, sees this week's U.S. bond market selloff as a buying opportunity and is...
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Freddie Mac Settles With Evicted REO Tenant
Jan 10th, 11:49am
Freddie Mac has agreed to settle with a woman who was deceived by a fraudulent landlord on a real-estate-owned asset owned by the secondary...
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A Dose of Digital Reality for Builders?
Jan 10th, 11:26am
Posted To: MND NewsWireThey may be a little late to the game, but John McManus, publisher of BuilderOnLine.com , is betting home builders are...
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Home equity hits record high, and here's how homeowners are spending it
Jan 10th, 11:21am
Homeowners are increasingly taking out cash to make more cash....Read More
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The Fed, worrying about the next recession, considers changes
Jan 10th, 11:13am
More and more, Fed officials are beginning to think seriously about a dramatic change to monetary policy....Read More
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Home Equity Business Grows at CA Credit Unions
Jan 10th, 10:58am
Despite a tumble in first-mortgage production at California's credit unions, outstandings grew. Home-equity production and outstandings, however,...
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Minneapolis Fed proposes massive regulation change for big banks
Jan 10th, 10:22am
The Minneapolis Fed proposed a set of sweeping new regulations aimed at reducing the risk big banks pose to the economy....Read More
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Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury f
Jan 10th, 10:16am
Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2017...Read More
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Tax cuts mean Fed must be vigilant on 'overheating': Kaplan
Jan 10th, 10:00am
DALLAS (Reuters) - The Federal Reserve must be wary of the "risk of overheating" the economy in the wake of sweeping tax cuts that could raise...
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New Years Surge in Mortgage Applications
Jan 10th, 9:58am
Prospective borrowers completed more mortgage applications in the week that included New Year's than in the week that included Christmas....
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The Best And Worst Real Estate Markets Are . . .
Jan 10th, 9:43am
Veros Real Estate Solutions (Veros), a provider of enterprise risk management, collateral valuation services and predictive analytics, reports...
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Wholesale trade up 1.5% in November
Jan 10th, 9:31am
CNBC's Rick Santelli reports the latest read on...
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Wholesale inventories rebound strongly in November
Jan 10th, 9:10am
The Commerce Department was expected to report a rise in November wholesale inventories on Wednesday....Read More
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Apartment and Condominium Absorption Increased in Q2 2017
Jan 10th, 8:43am
The Census Bureau, in collaboration with the Department of Housing and Urban Development (HUD), produces the Survey of Market Absorption (SOMA),...
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Mortgage Applications Heat Up After Holiday Lull
Jan 10th, 8:21am
Posted To: MND NewsWireMortgage application activity roared out of the gate in the first week of the New Year, as the country got back down to...
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Tax Reform Training; Important Events; Steepening Yield Curve
Jan 10th, 8:13am
Posted To: Pipeline PressSharing a king bed with your 80-year old aunt, or the refrigerator with your twin 25-year olds who can’t afford to...
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MBS Day Ahead: It Just Got Real. Let's Not Overcomplicate It
Jan 10th, 8:02am
Posted To: MBS CommentaryThe proverbial "you know what" just got real. We'd been waiting for the first big dose of bond market...
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When will higher bond yields start to have a negative impact on equities?
Jan 10th, 7:29am
Art Hogan of B. Riley FBR says bond yields have yet...
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Rising rates is the next big tectonic shift for banks: Oppenheimer's Chris Kotowski
Jan 10th, 7:28am
Chris Kotowski, Oppenheimer & Company, provides...
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Rising rates and inflation fears could pose challenges to markets: James Paulsen
Jan 10th, 7:28am
James Paulsen, The Leuthold Group chief investment...
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Lennar revenue beats on higher home sales as orders rise
Jan 10th, 7:21am
Homebuilder Lennar on Wednesday reported higher-than-expected quarterly revenue as it sold more homes at higher prices, and said orders rose 11.5...
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Traders Remind Central Banks to Take Care on Route to Exit Door
Jan 10th, 7:14am
Bloomberg Traders Remind Central Banks to Take Care on Route to Exit Door Bloomberg The ECB must revise its language as the hawks get...
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Bond yields hit multi-month highs on report China may slow U.S. bond purchases
Jan 10th, 7:14am
LONDON (Reuters) - Major government bond yields hit multi-month highs on Wednesday, extending earlier gains on a report that Chinese officials...
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MBS RECAP: Big Bad Day For Bonds (Not Because of Japan)
Jan 9th, 4:43pm
Posted To: MBS CommentaryIn certain circles, much was made of overnight news that the Bank of Japan would be buying fewer bonds. That's about...
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Subprime Share Up as Mortgage Originations Fall
Jan 9th, 4:02pm
Although the volume of mortgages closed has fallen, the share that are considered subprime has inched higher. Home-equity originations have...
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Commodities tomorrow: Inventories, demand drive crude higher
Jan 9th, 3:53pm
CNBC's Jackie DeAngelis discusses the day's...
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How to know whether your business qualifies for that 20 percent tax break
Jan 9th, 3:52pm
That 20 percent tax deduction sounds good. Here's how to determine whether your business qualifies....Read More
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U.S. crude hits three-year high as oil prices climb on tighter market
Jan 9th, 3:50pm
NEW YORK (Reuters) - Oil prices edged higher on Tuesday, with U.S. crude touching its highest since December 2014, supported by OPEC-led...
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Tesla says solar roof production has started in Buffalo
Jan 9th, 3:42pm
Tesla started taking orders for the solar roof tiles in May by asking homeowners to put down a $1,000 deposit via its web site....Read More
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Mortgage Rates Highest in 6 Months
Jan 9th, 2:51pm
Mortgage rates rose again today, adding to a nasty 2-day streak that's taken the average 30 yr fixed rate an eighth of a point...
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Trump says he'll sign DACA deal, pursue comprehensive immigration reform
Jan 9th, 2:23pm
"I'll take the heat" if voters in both parties object to comprehensive immigration reform, said the president....Read More
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Fed: Q3 2017 Household Debt Service Ratio Very Low, Starting to Increase
Jan 9th, 2:20pm
The Fed's Household Debt Service ratio through Q3 2017 was released on today: Household Debt Service and Financial Obligations Ratios . I used to...
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Want to Buy a New Home This Year? Check Out the 2018 New Construction Forecast
Jan 9th, 2:20pm
Builders are expected to put up more new construction in the year ahead-but the rate of building is likely to slow, say housing economists. The...
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Oil in the first two quarters
Jan 9th, 1:21pm
Our data partners at Kensho showing oil is a good...
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Santelli Exchange: Lazear on the labor market
Jan 9th, 1:20pm
Fmr. President's CEA Chair, Stanford Univ....
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Microsoft says security patches slowing down PCs, servers
Jan 9th, 1:03pm
FRANKFURT (Reuters) - Microsoft Corp said on Tuesday the patches released to guard against Meltdown and Spectre security threats slowed down some...
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Flooding, mudslides force thousands to evacuate in Southern California
Jan 9th, 1:02pm
(Reuters) - Thousands of people fled their homes in Southern California on Tuesday as a powerful overnight rainstorm sparked flash floods and...
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U.S. job openings, layoffs fall to six-month lows in November
Jan 9th, 1:02pm
WASHINGTON (Reuters) - U.S. job openings fell for a second straight month in November, with declines in the manufacturing and real estate sectors,...
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Mortgage Delinquency Up, Foreclosure Rate Holds
Jan 9th, 12:55pm
Although overall mortgage delinquency moved higher, early stage delinquency retreated, while serious mortgage delinquency and the foreclosure rate...
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Las Vegas Real Estate in December: Sales Down YoY, Inventory down 36%
Jan 9th, 12:02pm
This is a key distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the...
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Washington, D.C. Amends Student Loan Servicing Regulations
Jan 9th, 11:36am
The District of Columbia Department of Insurance, Securities and Banking (DISB) has announced a change to the way it calculates a controversial...
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Mortgage Credit Tightens to 5-Month Low
Jan 9th, 11:34am
After easing to the loosest levels since the financial crisis, credit conditions in real estate finance contracted to the tightest level in five...
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US employers posted fewer jobs in November for 2nd month
Jan 9th, 11:10am
The number of available jobs slipped 0.8 percent - but job openings are still 4.4 percent higher than a year ago....Read More
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Lending Standards Becoming Tight For Government Loans
Jan 9th, 10:56am
A decline in each of its four component indices, especially the one measuring the availability of government-backed loans, drove overall...
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Oil prices hit highest in nearly three years on tighter market
Jan 9th, 10:52am
NEW YORK (Reuters) - Oil prices edged higher on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and...
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Bank HEL Delinquency Moves Lower
Jan 9th, 10:34am
While the quarterly rate of late payments on bank-owned home-equity loans moved lower, the performance of other housing-related assets has...
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Property Tax Revenue Increases for 22nd Consecutive Quarter
Jan 9th, 10:14am
NAHB analysis of the Census Bureau's quarterly tax data shows that $556 billion in taxes were paid by property owners over the four quarters...
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The Money Source Expanding Staffing, Servicing
Jan 9th, 10:04am
A complete makeover planned at The Money Source Inc. will be accompanied by substantial expansion of its staffing and mortgage servicing...
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Fed's Kashkari: Biggest banks need to double current capital levels
Jan 9th, 9:55am
If Minneapolis Fed President Neel Kashkari gets his way, the nation's biggest banks will need to keep more cash on hand - a lot...
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Delinquency Rates Skewed by Hurricane Stricken States
Jan 9th, 9:29am
Mortgage delinquency rates continued to fall in October, with the national rate ticking down 0.1 percent and the percentage of non-current loans...
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End of 2017 Sees Homeowners and Appraisers More In Agreeance than in the Past Two Years
Jan 9th, 9:15am
DETROIT, Jan. 9, 2018 /PRNewswire/ -- The views of homeowners, and those who appraise their properties, are continuing to move closer together....
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MBS Day Ahead: There is Inflation, If You Look For It, And It's Not Helping Bonds
Jan 9th, 9:11am
This commentary was delayed this morning due to several alerts posted on MBS Live.  If you're not a member and haven't checked it out,...
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BLS: Job Openings "Little changed" in November
Jan 9th, 9:09am
From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 5.9 million on the last business day of...
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Americans' Optimism About Job Market Hit Record High in 2017
Jan 9th, 8:33am
As U.S. unemployment continued to decline in 2017, Americans grew increasingly optimistic about the job market....Read More
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US Treasury yields higher as investors turn to key data, Fed speech
Jan 9th, 8:32am
U.S. government debt prices were lower on Tuesday, as investors switch focus to the economic sphere, where key data is set to be released....Read More
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New Branding; Servicing Rankings and News; Rates Edging Up
Jan 9th, 8:13am
Posted To: Pipeline Press“A sea change:” A radical change or transformation. One wouldn’t call last Friday’s note from the...
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The bond market is doing something it hasn't done in 52 years
Jan 9th, 7:50am
Volatility in the Treasury market has sunk to a multidecade low. Here's what it means....Read More
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BoJ's tweak buoys yen, stocks rally rumbles on
Jan 9th, 7:50am
LONDON (Reuters) - A tweak to the Bank of Japan's bond-buying program caused the yen to rise on Tuesday, while gains from commodity stocks as oil...
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CoreLogic Reports Early-Stage Mortgage Delinquencies Increased Following Active Hurricane Season
Jan 9th, 7:49am
Overall Mortgage Delinquency Rate Fell 0.1 Percentage Points Foreclosure Rate Declined 0.2 Percentage Points Early-Stage Delinquencies Rose 0.1...
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MBS RECAP: Still Fairly Sideways, but That Could Change This Week
Jan 8th, 4:19pm
Bonds began the day in slightly stronger territory (emphasis on "slightly").  The overnight session was calm and thinly traded with...
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Home equity hits record high
Jan 8th, 3:37pm
CNBC's Diana Olick takes a look at the record...
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Lawmakers Trying To Reach Deal For Government Funding
Jan 8th, 3:36pm
It's a busy week on Capitol Hill. Lawmakers are trying to craft a government funding bill and come up with a deal to keep DACA recipients in the...
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Trump close to decision on Fed vice chair pick, administration official says
Jan 8th, 3:35pm
The position became vacant in October after veteran central banker Stanley Fischer stepped down for personal reasons....Read More
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Black Knight Mortgage Monitor: New Tax Law Could Impact Home Equity Borrowing
Jan 8th, 3:34pm
Black Knight released their Mortgage Monitor report for November today. According to Black Knight, 4.55% of mortgages were delinquent in November,...
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White House Promises Infrastructure Bill, But With No Clear Deadline
Jan 8th, 3:34pm
The White House has said an infrastructure bill would be a major priority for 2018 and one that could garner bipartisan support. But it's not at...
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Sen Warren Says Mulvaney's CFPB Actions Unjustified
Jan 8th, 3:33pm
Sen. Elizabeth Warren (D-Massachusetts) has written to the head of the Consumer Financial Protection Bureau questioning his decision to stop data...
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Former House Financial Services Committee staffer to serve as CFPB chief of staff
Jan 8th, 2:06pm
In a press release issued by the House Financial Services Committee, Committee Chairman Jeb Hensarling announced that Kirsten Mork, the...
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Role Vacated by Controversial CFPB Figure Filled
Jan 8th, 2:03pm
The slot left open when the outgoing Consumer Financial Protection Bureau director promoted his chief of staff to lead the agency has been filled...
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Huge GSE MSR Portfolio on the Market
Jan 8th, 1:45pm
Bids are being sought for mortgage servicing rights on just over $3 billion in government-sponsored enterprise loans with a four-state...
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Mortgage Firms Report Growing Originations
Jan 8th, 12:38pm
While industry-wide annual mortgage originations are forecasted to retreat again, there are some lenders that are driving up loan volume.Fannie...
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Hurricanes, wildfires cost US more than $300 billion in 2017, shattering records
Jan 8th, 12:34pm
The NOAA report also said 2017 was the third warmest year on record....Read More
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Fed's Bostic says three rate hikes in 2018 may be too much
Jan 8th, 12:33pm
The central bank raised rates three times in 2017, and Fed policymakers expect three more in 2018....Read More
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Santelli Exchange: US 10-Year break-even breaks out
Jan 8th, 12:32pm
CNBC's Rick Santelli reports on the U.S....
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Tax Cut Uncertainty Dampened Consumer Attitudes in December
Jan 8th, 11:44am
Posted To: MND NewsWireAmericans continued to have ambivalent views about the current virtues of both home buying and home selling in December....
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Treasury Asked Congress to Raise Debt Limit by Feb. 28, Sources Say
Jan 8th, 11:25am
Bloomberg Treasury Asked Congress to Raise Debt Limit by Feb. 28, Sources Say Bloomberg U.S. Treasury Secretary Steven Mnuchin has asked...
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Treasury Yields Dip Ahead of Fed Speeches
Jan 8th, 10:53am
Treasury yields dip ahead of Fed speeches, central bankers will touch on the 2% inflation target, a goal that has proved elusive and mystifying...
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CRM Mainstay Acquires Point-Of-Sale Vendor
Jan 8th, 10:45am
LoyaltyExpress, a provider of marketing automation and cloud-based CRM solutions for mortgage companies and banks, has acquired Lending Manager, a...
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Black Knight Signs Agreement with Citi to Implement Black Knight LoanSphere Origination Solutions, I
Jan 8th, 9:56am
Black Knight Signs Agreement with Citi to Implement Black Knight LoanSphere Origination Solutions, Including the Empower...
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MBS Day Ahead: Still Waiting for a Break of the Holiday Consolidation
Jan 8th, 9:20am
Not to be confused with the consolidative trend seen in Q4, 2017, there's been a slightly more negative consolidation underway in the last...
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Black Knight: Tax Law Could Impact HELOC Borrowing
Jan 8th, 8:43am
Black Knight's Mortgage Monitor for November notes that the equation for tapping the growing pool of homeowner equity could shift because of the...
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Fed's Monetary Policy Cornerstone Attacked at Economists' Gathering
Jan 8th, 8:27am
Bloomberg Fed's Monetary Policy Cornerstone Attacked at Economists' Gathering Bloomberg Milton Friedman put a nail in the coffin...
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US Treasury yields lower as investors gear up for Fed speeches
Jan 8th, 8:25am
U.S. government debt prices were higher on Monday, as investors turned their attention to the U.S. central bank space, where three officials are...
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The construction industry's biggest challenge is finding skilled labor: ABC CEO
Jan 8th, 8:24am
Michael Bellaman, Associated Builders and...
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This Week in Training and Events; Vendor, Lender, and Bank Updates
Jan 8th, 8:17am
The first five days after the weekend are the hardest. Welcome to Day 1. Register for Plaza’s January 8th webinar:...
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MBS RECAP: Some Reaction to NFP, But Just as Much to Harker and the Curve
Jan 5th, 4:33pm
Posted To: MBS CommentaryHarker and the curve... It's not a song or a morning radio show. It's a reference to the Fed's Patrick Harker...
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Mester: The labor market is 'strong' and at 'maximum employment'
Jan 5th, 4:23pm
Despite a weaker than expected jobs report, the labor market overall is sound, Cleveland Fed President Loretta Mester said....Read More
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Fed's Loretta Mester: Don't know how tax reform will affect investment
Jan 5th, 4:22pm
Cleveland Fed President Loretta Mester speaks with...
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Tax Reform Signed into Law, but Industry Still has Much to Do
Jan 5th, 4:22pm
The landmark tax reform legislation enacted in December included numerous important victories for the multifamily industry, but the signing of the...
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Record Cashout Share as Mortgage Business Rises
Jan 5th, 4:17pm
As rising rates have driven down the share of borrowers seeking rate-term refinances to the lowest level in six months, rising home values have...
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Mortgage Rates Better at First, Following Weaker Jobs Numbers
Jan 5th, 4:00pm
Posted To: Mortgage Rate WatchMortgage rates moved lower following a weaker-than-expected jobs report. The so-called "jobs report" (officially...
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Monthly Consumer Bankruptcies Lowest in Decade
Jan 5th, 2:34pm
As the annual volume of new bankruptcies decreased for the eighth year in a row, monthly consumer filings declined to the lowest level in a...
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Record Issuance of Freddie Multifamily Securities
Jan 5th, 1:52pm
For the second year in a row, the Federal Home Loan Mortgage Corp. has reported securitizing a record level of apartment loans.During all of 2017,...
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Gary Cohn Says Government May Push Back Against State Tax Workarounds
Jan 5th, 1:48pm
Bloomberg Gary Cohn Says Government May Push Back Against State Tax Workarounds Bloomberg Gary Cohn discusses the jobs report and high-tax...
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Earlier: Trade Deficit at $50.5 Billion in November
Jan 5th, 1:48pm
From the Department of Commerce reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce,...
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Santelli Exchange: Jobs report distortions
Jan 5th, 12:29pm
Jim Bianco and CNBC's Rick Santelli discuss...
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BlackRock's Rick Rieder: Here's the bond market strategy for 2018
Jan 5th, 12:29pm
Rick Rieder, BlackRock, discusses his strategy for...
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Bank Owner Pleads Guilty to Mortgage Fraud
Jan 5th, 12:21pm
A major stockholder in a bank that failed several years ago has admitted to deceiving officials about his interest in loans made by the bank and...
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Comments on December Employment Report
Jan 5th, 11:43am
The headline jobs number was below consensus expectations at 148 thousand, probably somewhat due to weather (snow) during the reference week in...
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ISM non-manufacturing index at 55.9 in December
Jan 5th, 10:44am
CNBC's Rick Santelli reports the latest read on...
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By all measures, a construction boom is shaping up for 2018
Jan 5th, 10:17am
The construction industry finished the year with 35 percent more jobs added than 2016....Read More
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Fed rate hike probabilities higher after December jobs report
Jan 5th, 9:56am
CNBC's Steve Liesman digs down into the...
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3rd Month in Row of Mortgage Job Losses
Jan 5th, 9:56am
Amid a relatively weak U.S. jobs report, the number of non-bank mortgage jobs retreated for the third consecutive month.As of year-end 2017,...
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Fed's Harker says two rate hikes 'appropriate' this year
Jan 5th, 9:43am
(Reuters) - Philadelphia Federal Reserve Bank President Patrick Harker on Friday said he believes the central bank should raise rates just two...
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ISM Non-Manufacturing Index decreased to 55.9% in December
Jan 5th, 9:18am
The November ISM Non-manufacturing index was at 55.9%, down from 57.4% in November. The employment index increased in December to 56.3%, from...
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US factory orders rise for fourth straight month
Jan 5th, 9:18am
New orders for U.S.-made goods in November were expected to rise considerably....Read More
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New Bills Could Impact Lenders, Deregulation Tops the Schedule
Jan 5th, 9:11am
Posted To: MND NewsWireThe House Financial Services Committee (FSC) has begun to schedule hearings for the new year and several bills will be on...
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Fed's Bullard Says Tax Overhaul May Light Fire Under Investment
Jan 5th, 8:53am
Bloomberg Fed's Bullard Says Tax Overhaul May Light Fire Under Investment Bloomberg "We've made no progress on the...
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MBS Day Ahead: We're Definitely Still Waiting For That New Year Momentum
Jan 5th, 8:37am
I had my doubts at times, after some of this week's volatility.  I thought perhaps that bonds were showing signs that the "new year...
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New Correspondent Program; Credit Underwriting Changes in Primary Markets
Jan 5th, 8:11am
Posted To: Pipeline PressToday is “job’s day,” and it seems like many people I talk to in other professions have 2-3 jobs....
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December Employment Report: 148,000 Jobs Added, 4.1% Unemployment Rate
Jan 5th, 7:54am
From the BLS : Total nonfarm payroll employment increased by 148,000 in December , and the unemployment rate was unchanged at 4.1 percent , the...
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Here's what Friday's job report means for the Fed
Jan 5th, 7:29am
CNBC's Steve Liesman provides a preview of the...
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Final Update: 2018 Housing Forecasts
Jan 5th, 7:21am
Towards the end of each year I collect some housing forecasts for the following year. The table below shows several forecasts for 2018:...
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New CEO at Envoy Mortgage
Jan 4th, 5:37pm
The chief executive officer of Envoy Mortgage LTD is relinquishing his role, and an insider has been named to take his place.The Houston-based...
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Weekly Mortgage Rates Retreat
Jan 4th, 4:31pm
Several macroeconomic factors have impacted, and will continue to impact, mortgage rates. Most recently, rates turned lower ahead of the jobs...
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MBS RECAP: Bonds Battle Back After Old-Fashioned Sell-Off
Jan 4th, 3:44pm
Posted To: MBS CommentaryThe overnight session and early morning hours saw a good, old-fashioned economic-data-driven sell-off in bond markets....
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St. Louis Fed's Bullard links tax bill with equity surge, stronger growth outlook
Jan 4th, 2:47pm
PHILADELPHIA (Reuters) - The tax legislation approved last year is likely to boost growth and investment and is already pushing up equity prices,...
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Mortgage Rates Move Higher on Strong Economic Data
Jan 4th, 2:46pm
Mortgage rates moved higher today, following stronger economic data at home and abroad.  In general, stronger economic data implies...
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California Says Wildfires Are Making Home Insurance Unaffordable
Jan 4th, 2:06pm
Bloomberg California Says Wildfires Are Making Home Insurance Unaffordable Bloomberg A firefighter pulls a hose line while working to save homes...
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Goldman: December Payrolls Preview
Jan 4th, 2:05pm
A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate that nonfarm payrolls increased 175k in December , somewhat...
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What the tight labor market says about the economy: JP Morgan Chase chief economist
Jan 4th, 12:51pm
Anthony Chan, J.P. Morgan Chase chief economist,...
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Fed Puts Positive Spin on Wall Street's Trusty Recession Signal
Jan 4th, 12:01pm
Bloomberg Fed Puts Positive Spin on Wall Street's Trusty Recession Signal Bloomberg Is an inverted yield curve the same old trusty...
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Non-Agency RMBS Issuance Doubles in 2017
Jan 4th, 11:46am
Last year's issuance of private-label residential mortgage-backed securities was more than double 2016's level. Further growth is expected this...
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ADP December payrolls up 250,000
Jan 4th, 10:52am
CNBC's Steve Liesman and Mark Zandi,...
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Continued Growth Expected in CRE Lending
Jan 4th, 10:50am
Annual commercial mortgage lending is again expected to expand this year, with the outlook most optimistic for government-sponsored enterprise...
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Self made millionaire to millennials: Don't rent—buy
Jan 4th, 10:22am
Buying a home is "the escalator to wealth in America," says David Bach....Read More
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Consumer Comfort in US Advanced in 2017 to a 16-Year High
Jan 4th, 10:10am
Bloomberg Consumer Comfort in US Advanced in 2017 to a 16-Year High Bloomberg American consumers last year were more upbeat on average than at any...
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Flood Program Expires Jan 19; NMHC/NAA Urge Reauthorization
Jan 4th, 9:50am
As Congress returns from the holiday break, NMHC/NAA are once again urging Congressional leaders to take swift action to ensure the National Flood...
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U.S. private payrolls growth accelerates; jobless claims up
Jan 4th, 9:37am
WASHINGTON (Reuters) - U.S. private employers stepped up hiring in December and planned layoffs by American-based companies fell sharply, pointing...
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Reis: Mall Vacancy Rate unchanged in Q4 2017
Jan 4th, 9:30am
Reis reported that the vacancy rate for regional malls was 8.3% in Q4 2017, unchanged from 8.3% in Q3, and up from 7.8% in Q4 2016. This is down...
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Mortgage Rates Drop
Jan 4th, 9:02am
Mortgage Rates Drop...Read More
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MBS Day Ahead: On Guard Against Early 2018 Momentum
Jan 4th, 8:42am
Posted To: MBS CommentaryIf you happen to read and retain most of what I write, you'll have noticed that toward the end of December, I...
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US weekly jobless claims up 3,000 to 250,000
Jan 4th, 8:34am
CNBC's Rick Santelli breaks down the weekly...
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Correspondent News; loanDepot's Builder Partnership; Settlement and Legal Info
Jan 4th, 8:17am
A shift in housing? Returns for landlords softened last year as about 400,000 units entered the US multifamily-housing market, outstripping...
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Expect Fed to hike rates at least twice in 2018: Fixed income strategist
Jan 4th, 8:00am
Andres Garcia-Amaya, Zoe Financial CEO, and Matthew...
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Intel Acknowledges Chip-Level Security Vulnerability In Processors
Jan 4th, 7:41am
The problem could allow hackers to gain access to passwords and other sensitive data. The problem can be found in processors dating back more than...
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Private sector job creation surged in December as holiday shopping boomed
Jan 4th, 7:40am
The U.S. private sector added 250,000 jobs in December, well above the 190,000 jobs expected by economists polled by Reuters....Read More
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Powell Inherits Fed Rate-Hike Debate as Inflation Doubts Linger
Jan 4th, 7:40am
Bloomberg Powell Inherits Fed Rate-Hike Debate as Inflation Doubts Linger Bloomberg The Federal Reserve is getting ready to welcome a new chairman...
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Fannie-Freddie Overhaul Might Mint Hedge Fund Riches, Or Losses
Jan 4th, 7:39am
Bloomberg Fannie-Freddie Overhaul Might Mint Hedge Fund Riches, Or Losses Bloomberg They've lost in court. They've been rebuffed...
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Stocks break records, oil reach highest since 2015
Jan 4th, 7:39am
LONDON (Reuters) - Market bulls resumed their charge on Thursday, as strong data from the world's biggest economies sent stock index records...
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CMBS Delinquency Best Since 2016, Could Fall More
Jan 3rd, 4:38pm
The rate of past due payments on securitized commercial real estate loans retreated to its lowest level since 2016 and could go lower. Retail...
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MBS RECAP: Bonds Stay Green Despite Fed Minutes and Stronger Econ Data
Jan 3rd, 3:56pm
Posted To: MBS CommentaryBond markets improved overnight, but were under pressure in the morning after stronger ISM Manufacturing data and then...
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Fed minutes show 'last stand' by Yellen and the doves
Jan 3rd, 3:18pm
The final interest rate hike of the Yellen era was met by the usual divided Fed, but the scales will now tip toward the more hawkish...
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MSRs For Sale on Big Portfolio of Agency Loans
Jan 3rd, 3:05pm
Mortgage servicing rights on hundreds of millions of dollars in agency loans with a Midwest concentration are being offered for sale to the...
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Mortgage Rates Hold Steady Despite Fed's Warning
Jan 3rd, 2:44pm
Mortgage rates were unchanged to slightly lower today, depending on the lender.  Merely holding steady is a victory today.  Reason...
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The bond market is about to enter another cycle: Yamada
Jan 3rd, 1:49pm
Veteran technician Louise Yamada of Louise Yamada...
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Tax cuts pushed Fed to raise economic forecast, meeting minutes show
Jan 3rd, 1:49pm
Minutes from the December Federal Open Market Committee were released Wednesday....Read More
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FOMC Minutes: New Tax Law "would likely provide a modest boost to capital spending"
Jan 3rd, 1:45pm
A couple of excerpts, the first on the economic impact of the new tax law, and the second on the yield curve. From the Fed: Minutes of the Federal...
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PHH Reaches Mortgage Servicing Settlement
Jan 3rd, 1:20pm
A settlement has been reached between PHH Corp.'s home-lending unit and dozens of states over alleged servicing abuses that took place during the...
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A Fight Over the Credit Score Lenders Use for Your Mortgage
Jan 3rd, 12:56pm
VantageScore could threaten Fair Isaac's grip on the U.S. mortgage market. The post A Fight Over the Credit Score Lenders Use for Your Mortgage...
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A Hedge-Fund Titan Puts Away the Punchbowl
Jan 3rd, 11:47am
The U.S. economy and stock market have just turned in their best performance in years, so it seems like buzzkill to hand the microphone to someone...
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Annual HECM Production Jumps to 4-Year High
Jan 3rd, 11:03am
It has been five years since the number of federally insured reverse mortgages closed was as high as it was last year. The increased volume was...
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Automakers post lower December U.S. sales; eye taxes, rate hikes
Jan 3rd, 10:56am
DETROIT (Reuters) - Most major automakers on Wednesday reported lower December U.S. sales despite hefty consumer discounts, as higher interest...
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November Construction Spending Comes in Hot
Jan 3rd, 10:13am
Construction spending in November came in slightly above analysts' consensus for an increase of 0.6 percent.  Overall expenditures for...
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Final Week of 2017 Slow for Mortgage Applications
Jan 3rd, 10:02am
Even after accounting for seasonal factors, fewer prospective borrowers applied for a mortgage in the final week of last year. Applications for...
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ISM manufacturing index at 59.7 in December
Jan 3rd, 9:54am
CNBC's Rick Santelli reports the latest read on...
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N.Y. Builder's Bankruptcy Filing Has Buyers in Limbo
Jan 3rd, 9:44am
N.Y. Builder's Bankruptcy Filing Has Buyers in Limbo...Read More
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U.S. construction spending rises to record high in November
Jan 3rd, 9:21am
Jan 3 (Reuters) - U.S. construction spending increased more than expected in November, hitting a record high, driven by a surge in investment in...
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Reis: Office Vacancy Rate unchanged in Q4 at 16.3%
Jan 3rd, 9:10am
Reis released their Q4 2017 Office Vacancy survey this morning. Reis reported that the office vacancy rate was unchanged at 16.3% in Q4, from...
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ISM manufacturing index hits 59.7 in December; construction spending up 0.8% in November
Jan 3rd, 9:07am
Economists expected manufacturing levels to stay the same in December, while construction spending was expected to lose momentum in...
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New York City real estate market takes a tumble in the fourth quarter
Jan 3rd, 8:47am
CNBC's Robert Frank takes a look at the state...
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The Fed may be only thing that can stand in the way of a rally that has been impossible to stop
Jan 3rd, 8:45am
No dynamic could be more important in 2018 for investors than how the Fed manages what should be an accelerating economy....Read More
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MBS Day Ahead: First Econ Data of the Year Plus Fed Minutes
Jan 3rd, 8:37am
Today brings the first significant economic data of the new year in the form of ISM Manufacturing at 10am.  During times when markets...
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MBA Plays Catch Up After Holiday Hiatus
Jan 3rd, 8:29am
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) closed its offices for the year-end holidays, so today's report on mortgage...
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State Lending Law Changes Sweep Across the Country; LO Updates
Jan 3rd, 8:18am
Regardless of weather, there are 251 business days in 2018, one more than in 2017. For years we’ve been counting the days for rates to move...
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SEC Accuses Developer of Running $1.2B Real Estate Ponzi Scheme
Jan 3rd, 8:00am
SEC Accuses Developer of Running $1.2B Real Estate Ponzi Scheme...Read More
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Manhattan real estate prices and sales fell ahead of tax changes
Jan 3rd, 8:00am
Manhattan real estate sales and prices took a fall in the fourth quarter, and they're likely to slide even further....Read More
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All Talk, Few Answers From FOMC for Yellen's Long Inflation Miss
Jan 3rd, 8:00am
Bloomberg All Talk, Few Answers From FOMC for Yellen's Long Inflation Miss Bloomberg Janet Yellen's Federal Reserve probably...
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Tax Changes Could Hurt Affordability At High End Of The Housing Market
Jan 3rd, 7:58am
Thanks to the tax overhaul, buying a home will get more expensive in some places in 2018. That's because of new restrictions on how much mortgage...
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Fannie's Multifamily Lates at Nearly 4-Year High
Jan 2nd, 5:00pm
Serious mortgage delinquency climbed to the highest level in 8 months at the Federal National Mortgage Association. Meanwhile, multifamily...
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MBS RECAP: 2018 Comes Out Swinging
Jan 2nd, 4:43pm
Posted To: MBS CommentaryBond markets have had worse days , but the average day is definitely better than today. 10yr yields moved more than 5bps...
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Mortgage Rates Begin New Year Under Pressure
Jan 2nd, 4:02pm
Posted To: Mortgage Rate WatchMortgage rates are theoretically supposed to go higher in 2018. Any upward pressure on economic growth or inflation...
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Wholesale Lenders Promote Non-QM, Alt-A Programs
Jan 2nd, 4:01pm
Several wholesale mortgage lenders are now offering Non-QM programs. Other recently announced offerings include Alt-A, jumbo and nonprime...
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Americans' Economic Confidence Positive in 2017
Jan 2nd, 3:21pm
Gallup's U.S. Economic Confidence Index averaged +6 in 2017, up 16 points from 2016 and the first positive annual average since the index began in...
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Why Inflation Stays Low Even Though Unemployment Is Down
Jan 2nd, 2:05pm
Bloomberg Why Inflation Stays Low Even Though Unemployment Is Down Bloomberg The Phillips Curve isn't dead. You just need to know where to...
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Congress faces a long agenda with short deadlines
Jan 2nd, 12:53pm
Congress returns to a busy calendar with tight deadlines on pressing issues ranging from children's health care to avoiding a government...
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Santelli Exchange: The on and off relationship between stocks and bonds
Jan 2nd, 12:01pm
CNBC's Rick Santelli finds clues in U.S....
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Framing Lumber Prices Up Sharply Year-over-year, Looks like Record Prices in 2018
Jan 2nd, 11:19am
Here is another update on framing lumber prices. Early in 2013 lumber prices came close to the housing bubble highs - and prices finished 2017...
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Consumer Spending Up, Saving Rate Down
Jan 2nd, 11:05am
The most recent data release from the Bureau of Economic Analysis shows that personal consumption expenditures increased 0.6% in November...
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Annual Agency MBS Issuance Drops
Jan 2nd, 10:50am
Despite an increase in securitizations at Fannie Mae, overall issuance of agency mortgage-backed securities fell in the final month of 2017....
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Treasury yields rise after 5-day decline
Jan 2nd, 10:23am
Treasury yields rise after 5-day decline, Treasury yields rose for the first time in six sessions on Monday, as traders returned from a long...
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Record Low for Weekly Mortgage Market Index
Jan 2nd, 9:55am
Mortgage business went out with a whimper in 2017, with new activity during the final week -- which included Christmas -- plunging to the lowest...
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Tax reform will likely boost employment right away: UBS economist
Jan 2nd, 9:31am
Rob Martin, UBS U.S. economist, provides his...
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Home Prices Disregard Winter Blues, Continue 2017 Tear
Jan 2nd, 9:04am
Posted To: MND NewsWireThe November home sales market appeared unwilling to acknowledge impending winter , the usual pre-holiday slowdown, or all...
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Home Prices May Drop As Result of Tax Reform
Jan 2nd, 8:49am
Home Prices May Drop As Result of Tax Reform...Read More
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US Treasury yields higher on 2018's first trading day
Jan 2nd, 8:24am
U.S. government debt prices started the new year lower on Tuesday....Read More
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It's a big week for economic data. Here's what to watch
Jan 2nd, 8:19am
CNBC's Steve Liesman provides a preview of key...
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HELOC/2nd News; SIFMA Rate Forecast; Tax Court Ruling for Brokers
Jan 2nd, 8:17am
Posted To: Pipeline PressOne court ruling from 2017 is that a mortgage broker is not a real estate professional , so passive activity rules apply....
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As US budget fight looms, Republicans are suddenly worried about spending
Jan 2nd, 7:55am
The head of a conservative Republican faction in the U.S. Congress called himself a "fiscal conservative" on Sunday and urged budget restraint in...
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Markets testing the Fed as the dollar slumps, says analyst
Jan 2nd, 7:55am
The dollar lost almost ten percent in value against a basket of peers across 2017....Read More
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Small-business hiring slows, even as the economy accelerates, Paychex survey finds
Jan 2nd, 7:51am
The Small Business Jobs Index closed the year at 99.70 after falling 0.16 percent in December and 0.78 percent for the year....Read More
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CFPB changes tone in third biennial CARD Act report
Jan 2nd, 7:51am
The CFPB issued its third biennial report on the credit card market last week.  The report represents the first major report issued by the CFPB...
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Bond Traders' Worst Cocktail of 2017: Long Treasuries and Dollar
Jan 2nd, 7:44am
Bloomberg Bond Traders' Worst Cocktail of 2017: Long Treasuries and Dollar Bloomberg Few bond traders around the world will raise a glass...
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CoreLogic Reports Fourth Consecutive Month with More Than 6 Percent Year-Over-Year Home Price Growth
Jan 2nd, 7:44am
Washington, Nevada, Utah and Idaho Posted 12-Month Price Gains of 10 Percent or More in November Lack of Affordable Housing Stock Keeps Home Price...
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MBS Week Ahead: Bonds Will Need at Least a Day to Get Back to Business
Jan 2nd, 7:42am
New Years Day doesn't always fall on a day that allows for a 3.5-day weekend.  When it does (as it did this year), the first day back to...
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MBS RECAP: Bonds Rally Amid Quiet Year-End Trading
Dec 29th, 2:58pm
There were no significant economic reports today, no major headlines, and no other events that prompted movement in bond markets.  As is...
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Mortgage Rates Unchanged For 2nd Straight Day
Dec 29th, 2:38pm
Mortgage rates were unchanged again today, keeping them at the same stronger levels achieved on Wednesday afternoon.  Wednesday's...
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Mortgage Firms Make C-Suite Changes
Dec 29th, 1:44pm
Among several recent C-Suite appointments at mortgage companies have been chief financial officer, chief risk officer and chief marketing officer....
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Question #8 for 2018: What will happen with house prices in 2018?
Dec 29th, 1:37pm
Earlier I posted some questions for next year: Ten Economic Questions for 2018 . I'll try to add some thoughts, and maybe some predictions for...
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VA Clarifies Use of 3rd-Party Verifications
Dec 29th, 1:08pm
Requirements for utilizing third parties to verify information on government-guaranteed residential loans to veterans have been clarified.Home...
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The No. 1 sign that you can afford to buy a home in 2018
Dec 29th, 11:18am
Could you afford to move this year? There's an easy way to figure it out....Read More
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Realtors® Housing Minute: A Video Recap of Market Activity in November
Dec 29th, 10:25am
WASHINGTON, Dec. 29, 2017 /PRNewswire/ -- Fueled by strong job growth and the strengthening economy, existing-home sales and contract...
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Will tax cut deliver manufacturing boom?
Dec 29th, 10:05am
CNBC's Morgan Brennan reports two big changes...
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Chicago PMI "Rises" in December "to Six-and-a-Half Year High"
Dec 29th, 9:03am
From the Chicago PMI: December Chicago Business Barometer Rises to 67.6 The MNI Chicago Business Barometer rose to 67.6 in December , up from 63.9...
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Hawaii, Colorado See Biggest Luxury Price Surges of 2017
Dec 29th, 8:37am
A surge in wealth in the United States over the past 12 months has stimulated second-home markets in states like Hawaii and Colorado, realtor.com...
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MBS Day Ahead: No Fireworks Expected For 2017's Final Trading Day
Dec 29th, 8:35am
Posted To: MBS CommentaryMarkets will close early today (2pm ET for bonds), but most of 2017's trading needs have long since been handled for...
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Lender Wildfire Disaster Updates; Population Demographics Influencing Residential Lending
Dec 29th, 8:14am
Posted To: Pipeline PressDemographics and Residential Lending Age, population trends, and gender do matter in the home buying process. There, I...
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Wells Fargo: Yield curve will flatten out further in 2018
Dec 29th, 8:02am
Wells Fargo chief economist John Silvia says the...
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New year and new tax code means new headaches for businesses
Dec 29th, 8:02am
CNBC's Ylan Mui reports the paperwork is...
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Former HUD Secretary Henry Cisneros says new tax code threatens the 'fragility' of the US
Dec 29th, 8:01am
Former HUD Secretary Henry Cisneros shared his thoughts on the new tax law as it relates to the housing market....Read More
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Last-minute rush to prepay taxes causes confusion and anger
Dec 29th, 8:01am
The IRS called into question a strategy of prepaying property taxes before the new tax law goes into effect. That could be just the beginning of...
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Zillow Case-Shiller Forecast: More Solid House Price Gains in November
Dec 29th, 7:57am
Friday: • At 9:45 AM ET, Chicago Purchasing Managers Index for December. The consensus is for a reading of 61.8, down from 63.9 in...
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MBS RECAP: Market Volatility Dying Down Again Before Another Long Weekend
Dec 28th, 5:01pm
Bond markets sent a fairly clear message today: don't expect much tomorrow.  Trading activity is dying down in the same sort of way it...
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Homes in US Gained $2 Trillion in Value This Year, Zillow Says
Dec 28th, 3:18pm
Bloomberg Homes in US Gained $2 Trillion in Value This Year, Zillow Says Bloomberg Your home may not have made the same gains as stocks or...
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Freddie Mac: Mortgage Serious Delinquency rate up sharply in November
Dec 28th, 3:17pm
Freddie Mac reported that the Single-Family serious delinquency rate in November was at 0.95%, up sharply from 0.86% in October....
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6-Year High for Hybrid ARMs
Dec 28th, 3:03pm
Mortgage rates moved higher this past week and month. It has been more than six years since rates on hybrid adjustable-rate mortgages have been as...
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Japanese Firm Acquires Major Nationstar Investor
Dec 28th, 2:53pm
An investment firm with a major stake in Nationstar Mortgage LLC has been acquired by a Japanese firm with investments in giant global...
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I question anyone who says there's no inflation, billionaire restaurateur Tilman Fertitta says
Dec 28th, 1:47pm
Billionaire Tilman Fertitta pointed to inflation trends he's seeing in his sprawling restaurant business Thursday on CNBC's "Power Lunch."...Read More
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Here's a breakdown of the tax transition timeline
Dec 28th, 1:47pm
CNBC's Ylan Mui reports on the tax law...
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Prepay property taxes? It's complicated
Dec 28th, 1:47pm
Is prepaying your property taxes a good idea? And...
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Yes or No? Simple answers to your tax questions
Dec 28th, 1:33pm
The changes to the new tax law are complex, and difficult even for experts to unpack. But some of the plan's provisions are straightforward enough...
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Mortgage App Defects Elevated from Year Ago
Dec 28th, 12:50pm
Defects in single-family loan applications remain substantially higher than one year ago. But defects have more recently stabilized and are likely...
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Originations Hold Up at Churchill Mortgage
Dec 28th, 12:03pm
New quarterly business was slightly better at Churchill Mortgage Corp. But the number of people on the payroll and the balance of loans serviced...
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Santelli Exchange: The recipe for a steeper yield curve
Dec 28th, 11:10am
Neuberger Berman's Ashok Bhatia and CNBC's...
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Reis: Apartment Vacancy Rate increased in Q4 to 4.5%
Dec 28th, 10:29am
Reis reported that the apartment vacancy rate was at 4.5% in Q4 2017, up from 4.4% in Q3, and up from 4.2% in Q4 2016.  This is the...
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Homeowners Rush to Prepay 2018 Property-Tax Bills
Dec 28th, 10:09am
Homeowners across the nation are rushing this week to prepay their property taxes for 2018 before the Republican tax law kicks in Jan. 1 and...
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CFPB launches new HMDA online tool, continues rate spread calculator
Dec 28th, 9:42am
The CFPB has launched a new online “Digital Check Tool” to be used by companies reporting HMDA data starting January 1, 2018....
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December Chicago PMI posts solid 67.6 vs. 61.5 est.
Dec 28th, 9:27am
CNBC's Rick Santelli breaks down the latest...
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Initial jobless claims come in unchanged at 245,000
Dec 28th, 9:09am
CNBC's Rick Santelli breaks down the latest...
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New MBS Buyer; FHA, VA, PACE, Ginnie Updates; RBS California Settlement
Dec 28th, 9:05am
For further evidence of the uneven recovery among U.S. housing markets, how's this: In the 10 most expensive U.S. metropolitan areas, median...
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MBS Day Ahead: Only One More Thing to be Concerned About
Dec 28th, 8:27am
With yesterday's big rally out of the way (a correction to a correction in the yield curve, as discussed in yesterday's close), the most...
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How the new tax law could affect your property value: NAR chief economist
Dec 28th, 7:53am
Lawrence Yun, National Association of Realtors...
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The US Inflation Mystery Made Economists Look Bad in 2017
Dec 28th, 7:47am
Bloomberg The US Inflation Mystery Made Economists Look Bad in 2017 Bloomberg A year ago, Bloomberg asked economists to predict how 2017 would...
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US apartment vacancy rate rises in fourth quarter
Dec 28th, 7:45am
The U.S. apartment vacancy rate increased marginally in the fourth quarter from the third as supply exceeded demand, according to a report from...
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US jobless claims steady in latest week
Dec 28th, 7:40am
The number of Americans filing for unemployment benefits was unchanged last week and the underlying trend remained consistent with a tightening...
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MBS RECAP: Bond Markets Fight Fire With Fire
Dec 27th, 4:44pm
Posted To: MBS CommentaryLast Tuesday was not my favorite kind of day when it comes to discussing reasons for bond market movement. The tax bill...
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The 'trade of the year' in 2018 is a tug of war between the Fed and the market
Dec 27th, 4:27pm
Boris Schlossberg of BK Asset Management lays out...
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IRS says 2018 property taxes are deductible only if assessed and paid in 2017
Dec 27th, 4:27pm
IRS says 2018 property taxes are deductible only if assessed and paid in 2017|| 104864112...Read More
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IRS: Property taxes deductible if assessed and paid in 2017
Dec 27th, 4:27pm
CNBC's Ylan Mui reports the IRS statement on...
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Mortgage Lenders' Biggest Fear: Other Mortgage Lenders
Dec 27th, 4:26pm
Posted To: MND NewsWireMortgage lenders continue to see a negative profit outlook for the first quarter of the New Year, the fifth consecutive...
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Surging Demand Sends Investment-Grade Bond Spread to 2007 Levels
Dec 27th, 3:57pm
Bloomberg Surging Demand Sends Investment-Grade Bond Spread to 2007 Levels Bloomberg The strengthening economy has stoked demand for high-grade...
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Closing Bell Exchange: Still uncertainty about tax reform's impact
Dec 27th, 2:52pm
A check on the day's activity in the markets,...
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Mortgage Rates Catch a Break After Last Week's Rout
Dec 27th, 2:38pm
Posted To: Mortgage Rate WatchMortgage rates had a bad week last week, quickly rising to the highest levels in months. To make matters more...
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Five-year auction demand lowest since June
Dec 27th, 2:08pm
CNBC's Seema Mody reports the latest from the...
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When the economic news is this good, history shows the gains are smaller for stocks
Dec 27th, 2:06pm
The economy could be signaling too much of a good thing for stocks....Read More
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San Francisco landlords are turning ‘crappy old storage rooms' into apartments
Dec 27th, 1:59pm
Bay Area buildings added hundreds of accessory dwelling units (ADUs) this year, which could help with the city's housing crisis....Read More
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HMDA Tools Available Online
Dec 27th, 1:45pm
Three new tools that are part of the online platform for reporting data required by the Home Mortgage Disclosure Act are now available.Beginning...
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CMBS Delinquency Down Except Hotels
Dec 27th, 1:03pm
The successful resolution of commercial real estate loans securitized in 2006 was behind a drop in delinquency. But hotel loans didn't participate...
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Tax Law Could Further Slow Down a Bank Favorite: Jumbo Mortgages
Dec 27th, 11:31am
The jumbo-mortgage market has been a bright spot for the banking industry in recent year, but the new tax law could take some of the shine off it....
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Stearns Lending Founder's Home Sells for $20 Mil
Dec 27th, 11:13am
The founder of Stearns Lending LLC has sold his home located in a wealthy Orange County, California, enclave for nearly $20 million.Before...
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Q4 Review: Ten Economic Questions for 2017
Dec 27th, 11:10am
At the end of last year, I posted Ten Economic Questions for 2017 . I followed up with a brief post on each question. The goal was to provide an...
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Homeowners rush to pay 2018 taxes
Dec 27th, 10:58am
Tenafly, NJ Mayor Peter Rustin discusses how...
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CFPB adjusts HMDA data collection, TILA mortgage escrow thresholds
Dec 27th, 10:38am
In notices published in today’s Federal Register, the CFPB adjusted the thresholds of the asset-size exemptions for collecting HMDA data...
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CFPB to amend prepaid rule and extend effective date
Dec 27th, 9:52am
The CFPB announced last Thursday that it expects to issue a final rule amending its final prepaid accounts rule “soon after the new...
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Consumer confidence slips from 17-year highs
Dec 27th, 9:22am
Consumer optimism slipped in December, after hitting historic highs in the previous month....Read More
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Pending Home Sales See Slight November Gains
Dec 27th, 9:19am
Posted To: MND NewsWirePending home sales pulled off a second straight gain in November, but just barely . The National Association of...
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Continuing Gains in Home Price Indices
Dec 27th, 9:13am
Multiple home price indices indicate that monthly values continued to rise in October. The strongest increases are no longer limited to the West....
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Mortgage Banking Experts Call on North Carolina Delegation to Address Housing Finance Reform
Dec 27th, 8:56am
RALEIGH, N.C., Dec. 27, 2017 /PRNewswire/ -- As tax reform negotiations come to an end and a bill is finalized, Congress must...
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A Sampling of Vendor News, Tools, and Updates
Dec 27th, 8:32am
Private education pays well. There were 58 people making over $1,000,000 per year in total compensation as the presidents of private,...
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MBS Day Ahead: Will Pending Home Sales Data Sing Same Tune as Other Housing Data
Dec 27th, 8:13am
Posted To: MBS CommentaryThe National Association of Realtors publishes reports for both Pending and Existing Home Sales. The conventional wisdom...
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Real estate trends for 2018: What to expect from the housing market
Dec 27th, 7:49am
CNBC's Diana Olick provides a preview of the...
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Measurement Tool Used In New Tax Bill Will Impact Deductions And Brackets
Dec 27th, 7:47am
The government tracks prices on consumer goods - eggs, shoes, gasoline, etc. But when prices rise, people often make substitutions, like buying...
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Oil remains near 2015 highs on tight market outlook
Dec 27th, 7:43am
SINGAPORE (Reuters) - Oil prices on Wednesday remained near two-and-a-half year highs from the previous session as the market outlook for 2018 is...
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Monetary policy decisions in 2018: Here's what to expect
Dec 27th, 7:41am
As 2018 approaches, CNBC takes a look at what central bankers in the U.S., euro zone, U.K. and Japan might have on the books for the new...
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RBS Reaches Settlement on RMBS
Dec 26th, 5:09pm
The Royal Bank of Scotland has agreed to settle allegations that it misled pension funds about the risk involved in the investment of residential...
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MBS RECAP: 'Tis The Season
Dec 26th, 4:41pm
Bond markets got off to a seasonally typical start this week with volumes and volatility both virtually nonexistent.  There are past...
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Trump Tweet Cited in CFPB Leader Lawsuit
Dec 26th, 4:32pm
A posting by President Donald J. Trump to his Twitter account was cited in a federal lawsuit over control of the Consumer Financial Protection...
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Mortgage Rates Seasonally Sideways
Dec 26th, 3:37pm
Mortgage rates were lifeless today as financial markets drifted sideways.  Although rates CAN move during the last week of December...
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Oil hits highest level since June 2015
Dec 26th, 3:35pm
CNBC's Bob Pisani discusses the day's...
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Mortgage Lates Up at Banks, Foreclosures Down
Dec 26th, 3:30pm
While quarterly delinquency on residential loans owned by banks moved higher, the number of foreclosures started and completed...
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How Tax Law Will Help Some Housing Markets
Dec 26th, 1:41pm
The tax overhaul is expected to create winners and losers among housing markets across the U.S., dealing a blow to high-cost coastal regions but...
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Up Tick in FHA Business, Delinquency Worsens
Dec 26th, 1:17pm
Government-insured mortgage production was up from the preceding month but was down from a year ago. Delinquency deteriorated on both a...
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Real House Prices and Price-to-Rent Ratio in October
Dec 26th, 12:53pm
Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 6.2% year-over-year in October It has been more than...
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U.S. Economic Confidence Index Up Slightly
Dec 26th, 12:53pm
Americans' confidence in the economy improved slightly before Christmas, raising Gallup's U.S. Economic Confidence Index to +8 for the week ending...
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Keep more, spend more, invest more
Dec 26th, 11:40am
CNBC's Rick Santelli discusses the power of the...
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How will treasury rates close the year?
Dec 26th, 11:39am
National Alliance Securities' Andy Brenner and...
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What to expect from the U.S. economy in 2018
Dec 26th, 11:08am
The end of the year is a good time to look back at the economy for 2017 and, more importantly, to look ahead to 2018. In a conversation on NPR, I...
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2017 — a year of disaster
Dec 26th, 10:44am
It was a devastating year with natural disasters, such as catastrophic floods, wildfires and earthquakes affecting millions....Read More
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Judge's questions highlight serious concerns he has over English's bid to claim the Acting
Dec 26th, 10:18am
On December 22, 2017, the U.S. District Court for the District of Columbia held oral arguments on Leandra English's preliminary injunction motion...
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Richmond and Dallas Fed: Manufacturing Expansion Solid in December
Dec 26th, 10:02am
From the Richmond Fed: Fifth District Manufacturing Firms Reported Moderate Growth in December According to the latest survey by the Federal...
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Home Price Increases Outpace Inflation by 3x
Dec 26th, 10:00am
Prices maintained their upward trajectory in October, with gains on a national level outstripping those in September.  The S&P CoreLogic...
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Case-Shiller: National House Price Index increased 6.2% year-over-year in October
Dec 26th, 9:15am
S&P/Case-Shiller released the monthly Home Price Indices for October...Read More
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Mortgage Lenders Approach 2018 with Negative Outlook on ...
Dec 26th, 8:40am
News Release. Share This: December 26, 2017. Mortgage Lenders Approach 2018 with Negative Outlook on Profit Margin, Refinance Activity. ......Read...
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MBS Day Ahead: Another Slow Trading Session Expected
Dec 26th, 8:21am
Posted To: MBS CommentaryWelcome to the void--the week that bond markets forgot, and/or the week that bond market participants may wish to forget...
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Home Prices Slow Down, but Still Continue to Rise
Dec 26th, 8:19am
Posted To: MND NewsWireAmong the house price indexes covered by MND, the one provided by Black Knight has shown the most consistent pattern of...
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FHA, Lenders, and Investors Continue HMDA Changes
Dec 26th, 8:14am
Posted To: Pipeline PressCongrats to The Money Source. It is on a major hiring spree to build an in-house ad agency in the greater Detroit area....
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Bond funds hit by biggest outflows since Trump election
Dec 26th, 7:52am
Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com...
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Black Knight HPI: October 2017 Transactions
Dec 26th, 7:42am
Black Knight HPI: October 2017 Transactions<br/>http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20171226.aspx...Read More
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Redfin Housing Demand Index Fell 6.2% from October to November
Dec 26th, 7:38am
The Redfin Housing Demand Index fell 6.2 percent from 136 in October to 127 in November. Compared to last year, the Demand Index increased 29.1...
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The Next Big Trade for Bond Investors Is Betting on US Homeowners
Dec 26th, 7:36am
Bloomberg The Next Big Trade for Bond Investors Is Betting on US Homeowners Bloomberg One of the best bond trades of 2018 might one of the top...
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5 Things To Do For 2018
Dec 24th, 10:38am
Download Your Free PDF Copy of “5 Things to Do for 2018” – Including Helpful Resources, Links, and Examples to Accelerate Your Growth....
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MBS RECAP: Every Bit the Pre-Christmas Trading Day
Dec 22nd, 4:27pm
Today created very little--if any--need to think, say, or do things that haven't already been thought, said, or done--at least when it comes...
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Mortgage Rates Barely Budge as Markets Head Home For Holidays
Dec 22nd, 4:03pm
Mortgage rates didn't move much today, which is a victory unto itself on a week with 3 of the worse consecutive days of the year. ...
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Mortgage Bankers Lift 2018, 2019 Purchase Forecast
Dec 22nd, 12:42pm
Mortgage bankers have nudged up their expectations for purchase financing during 2018 and 2019. But next year's outlook for refinance production...
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Orders for US Capital-Goods Ease After Robust October
Dec 22nd, 11:52am
Bloomberg Orders for US Capital-Goods Ease After Robust October Bloomberg Orders placed with U.S. factories for business equipment fell in...
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New Home Sales at 10-Yr High, Supply at 16-Mth Low
Dec 22nd, 11:31am
Led by the West, new home sales soared to the highest rate in more than a decade. But the supply of new homes for sales has fallen to the lowest...
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CFPB Eases New HMDA Requirements
Dec 22nd, 11:24am
New requirements for reporting loan activity under the Home Mortgage Disclosure Act have been somewhat relaxed by the Consumer Financial...
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Trump signs tax, government spending bills into law
Dec 22nd, 10:20am
WASHINGTON (Reuters) - U.S. President Donald Trump signed Republicans' massive $1.5 trillion tax overhaul into law on Friday, cementing the...
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Kansas City Fed: Regional Manufacturing Activity "Growth Continued at a Solid Pace" in Dec
Dec 22nd, 10:12am
From the Kansas City Fed: Tenth District Manufacturing Growth Continued at a Solid Pace The Federal Reserve Bank of Kansas City released the...
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ARM, Cashout Share Continue to Widen
Dec 22nd, 9:52am
While weekly new mortgage activity turned lower ahead of Christmas, there was a year-over-year gain. The share of prospective borrowers extracting...
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New home sales up 17.5% in November
Dec 22nd, 9:47am
CNBC's Rick Santelli and Diana Olick report the...
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New Home Sales Stellar, Despite October Revision
Dec 22nd, 9:39am
Posted To: MND NewsWireNew home sales pulled off another surprise in November. Sales had posted monthly gains of 6.2 percent and 14.2 percent in...
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Consumer sentiment: 95.9 vs. 97.1 expected
Dec 22nd, 9:13am
Consumer confidence was expected to fall to 97.1 in December....Read More
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Tax bill may squash your dreams of a vacation home
Dec 22nd, 8:46am
Tax rules affecting the ownership of a second home will change in 2018....Read More
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MBS Day Ahead: Mostly a Chart Showing The Worst is Over
Dec 22nd, 8:36am
If you weren't already noticing that the worst of this week's selling spree was over with yesterday's ground-holding, today's early trading...
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Durable goods orders up 1.3% vs. up 2.0% est.
Dec 22nd, 8:19am
CNBC's Rick Santelli breaks down the latest...
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Personal Income increased 0.3% in November, Spending increased 0.6%
Dec 22nd, 8:18am
The BEA released the Personal Income and Outlays report for November: Personal income increased $54.0 billion (0.3 percent) in November according...
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Document Collection Product; CFPB's Good HMDA News; F&F Capital Buffer
Dec 22nd, 8:16am
What's age got to do with anything? In the new issue of STRATMOR Group's Insights report, Sr. Partner Jim Cameron debunks...
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Here Are Four Charts Showing US Housing Momentum Entering 2018
Dec 22nd, 7:29am
Bloomberg Here Are Four Charts Showing US Housing Momentum Entering 2018 Bloomberg America's housing market is gearing up for a robust...
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CFPB, other agencies announce good faith efforts approach to revised HMDA rule enforcement; CFPB to
Dec 22nd, 7:26am
The CFPB has announced that with regard to the collection in 2018 of the expanded data fields under the revised Home Mortgage Disclosure Act...
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MBS RECAP: Data Overlooked as Traders Gear Up For Holiday Breaks
Dec 21st, 4:21pm
There were several economic reports at 8:30am this morning--names that have some track record of moving markets like GDP, Jobless Claims, and...
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2017 High for Freddie's New Biz, Delinquency Spikes
Dec 21st, 4:17pm
After ascending to the highest level this year, monthly secondary activity moved even higher at the Federal Home Loan Mortgage Corp. Serious...
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Stocks close higher as some companies pledge to spend tax bill savings on higher wages
Dec 21st, 4:04pm
CNBC's Bob Pisani discusses today's market...
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Housing Share of GDP: Third Quarter 2017
Dec 21st, 4:02pm
With the release of the final estimate of third quarter 2017 GDP (a 3.2% annual growth rate), housing's share of gross domestic product...
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DoubleLine to Make Its Own Brand of Mortgage-Backed Securities
Dec 21st, 3:59pm
Bloomberg DoubleLine to Make Its Own Brand of Mortgage-Backed Securities Bloomberg DoubleLine Capital is embarking on a plan to originate and...
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House passes spending bill to avert a government shutdown
Dec 21st, 3:59pm
The otherwise uncontentious government spending bill contains a political sweetener for the president....Read More
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Freddie Mac Issues Monthly Volume Summary for November 2017
Dec 21st, 3:58pm
Freddie Mac Issues Monthly Volume Summary for November 2017...Read More
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Rise In Mortgage Rates Could Continue
Dec 21st, 3:50pm
Interest rates increased last month and were also higher this week. Short-term and long-term predictions have further rate increases ahead.At 4.24...
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Worst Week Since June May be Calming Down For Mortgage Rates
Dec 21st, 2:16pm
Posted To: Mortgage Rate WatchMortgage rates edged just slightly higher again today, capping the sharpest 3-day increase since late June and...
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Tax bill's impact on 2018 economy
Dec 21st, 1:43pm
Danielle DiMartino-Booth, Money Strong, and...
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History shows bond yields could reverse next week after sudden spike
Dec 21st, 1:41pm
If history is a guide, bond yields could edge lower next week after this week's sudden spike....Read More
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Tax Plan Has Majority of Americans 'Concerned' About Homebuying
Dec 21st, 1:41pm
Bloomberg Tax Plan Has Majority of Americans 'Concerned' About Homebuying Bloomberg U.S. taxpayers don't share Wall...
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Black Knight: National Mortgage Delinquency Rate increased in November due to Hurricanes
Dec 21st, 11:54am
From Black Knight: Black Knight's First Look at November 2017 Mortgage Data: Continued Hurricane-Driven Effects Lead to Largest 90-Day Delinquency...
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Credit Standards Loosen, Refi Boom to Blame
Dec 21st, 11:13am
Posted To: MND NewsWireEllie Mae has picked up indications of what it says it will be watching as a possible trend in the data from its November...
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Treasury, FHFA Reach Deal for GSE Capital Buffer
Dec 21st, 11:05am
An agreement has been struck for the government-sponsored enterprises to maintain a small capital buffer. While the modifications addresses...
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Earlier: Philly Fed Manufacturing Survey showed "Solid Growth" in December
Dec 21st, 10:33am
Earlier from the Philly Fed: December 2017 Manufacturing Business Outlook Survey Results from the December Manufacturing Business Outlook Survey...
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Hutchins Roundup: Earned Income Tax Credit, retirement and death, and more
Dec 21st, 10:17am
Studies in this week's Hutchins Roundup find that the EITC increases later-in-life earnings and work hours for single mothers, people are much...
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Hurricane Spike for Serious Mortgage Delinquency
Dec 21st, 9:55am
Despite a small improvement in the foreclosure rate, overall mortgage delinquency jumped as the hurricanes took a toll. SeriOut of the estimated...
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Leading economic indicators rise 0.4 percent, meet expectations
Dec 21st, 9:38am
Economists polled by Reuters estimated key indicators will rise by 0.4 percent in November, following a strong month of growth in October....Read More
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Fannie/Freddie Home Prices Pick Up Speed
Dec 21st, 9:21am
Posted To: MND NewsWireThe Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) for September slowed to its lowest level since...
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U.S. House unveils new stop-gap funding bill to avert shutdown
Dec 21st, 8:54am
WASHINGTON (Reuters) - Republicans in the U.S. Congress on Thursday advanced legislation to keep the federal government operating past Friday when...
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Fannie and Freddie Now Allowed to Keep Some Profits
Dec 21st, 8:40am
Posted To: MND NewsWireAgreement has been reached between the Federal Housing Finance Agency (FHFA) and the Department of the Treasury to...
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MBS Day Ahead: Striking Similarities in Trading Patterns Show Year-End Exodus
Dec 21st, 8:29am
As we discussed yesterday, the flattening of the yield curve has been a dominant trading theme in 2017.  It's also been a "crowded...
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Initial jobless claims up 20K to 245,000, Q3 GDP 3.2% vs. 3.3% est.
Dec 21st, 8:20am
CNBC's Rick Santelli breaks down the latest...
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Q3 GDP Revised down to 3.2% Annual Rate
Dec 21st, 8:17am
From the BEA: Gross Domestic Product: Third Quarter 2017 (Third Estimate) eal gross domestic product (GDP) increased at an annual rate of 3.2...
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Tax Update, PACE Changes, 4506-T News; Tax Bill Hitting Rates
Dec 21st, 8:15am
Welcome to the Winter Solstice (yes, more sunlight ahead of us in the Northern Hemisphere!). Things are slowing down ahead of Christmas, shipping...
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The Hottest Real Estate Markets of 2017: Who Gained Big, Who Fell Hard
Dec 21st, 7:18am
It's time to take stock: What were the flat-out hottest real estate markets of 2017-and which were the ones whose fortunes changed the most? The...
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House readies vote on government funding as shutdown looms
Dec 21st, 7:15am
CNBC's Kayla Tausche reports now that the tax...
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MBS RECAP: Calmer Day, But It Still Confirms a Weaker Trend
Dec 20th, 3:45pm
Today was much calmer than yesterday in terms of intraday volatility.  The overall trading ranges in 10yr yields and MBS were more than...
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Mortgage Credit More Flexible Than Year Ago
Dec 20th, 3:24pm
Compared to a year ago, average credit scores have declined, average loan-to-value ratios have increased and average debt-to-income ratios have...
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The bond market hasn't behaved this way for a long time
Dec 20th, 3:07pm
The quiet moves in the Treasury market this year have a lot in common with 1965....Read More
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New 8-Year Low for CMBS Delinquency
Dec 20th, 2:18pm
After falling to the lowest level in more than eight years, the rate of delinquency on securitized commercial real estate loans took another...
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Feedback Sought For Credit Score Changes at GSEs
Dec 20th, 2:09pm
People in the mortgage industry are being invited to give their thoughts about changing credit score models that are utilized by the...
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Hirings Planned for Movement Mortgage
Dec 20th, 2:02pm
Expansion plans for Movement Mortgage LLC's headquarters has the fast-growing company adding hundreds of new employees in the upcoming years.On...
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Tax plan keeps mortgage interest, property tax deductions.
Dec 20th, 1:48pm
CNBC's Diana Olick reports the impact of the...
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Mortgage Rates Highest Since Late October
Dec 20th, 1:26pm
Mortgage rates continued higher today, largely due to momentum in bond markets (which dictate rates) carrying over from yesterday. ...
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House passes tax reform bill after hard legislative year
Dec 20th, 1:03pm
CNBC's Eamon Javers reports on the White House...
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Apartment Landlords Dodge Tax Bullet
Dec 20th, 1:00pm
While the for-sale housing market largely came out a loser in the Republican tax overhaul, developers of rental housing were largely unscathed and...
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Congress Urges Action on Disparate Impact
Dec 20th, 12:59pm
With support from NMHC/NAA, 16 members of the House Financial Services Committee requested in November that HUD consider the "Disparate Impact"...
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House has enough votes to send tax bill to Trump's desk
Dec 20th, 11:59am
The vote remedied a procedural problem that arose between the Senate's version of the GOP tax bill, and the earlier House version....Read...
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Decade-High Existing Home Sales, Record Low Supply
Dec 20th, 11:26am
Last month's rate of pre-owned home sales climbed to the highest level in more than a decade, with the Midwest leading the month-over-month gain....
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Buyers Act Fast: Existing Homes Are Selling Quickly
Dec 20th, 11:21am
Existing homes across the nation are selling at a breakneck pace-reaching levels not seen since the height of the housing boom more than a decade...
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AIA: Architecture Billings Index Increases in November
Dec 20th, 10:50am
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture billings upturn...
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Harvard's 2017 Rental Housing Report
Dec 20th, 10:17am
The Harvard Joint Center for Housing Studies released their bi-annual report on that state of the rental housing industry, 2017 America's Rental...
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Existing Home Sales Post Largest Gains Since 2015
Dec 20th, 10:04am
Posted To: MND NewsWireExisting home sales pulled off a hat trick in November, and the third successive monthly increase was a substantial one....
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Existing home sales up 5.6% in November
Dec 20th, 9:30am
CNBC's Diana Olick reports the latest read on...
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Mortgage Apps Drop But Refi Share Widest in 1 Year
Dec 20th, 9:25am
With applications for loans to finance a home purchase leading the way, weekly mortgage application activity moved lower. Refinance share, though,...
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Most States Saw Permits Growth Over October YTD
Dec 20th, 9:14am
According to the Census Bureau's Building Permits Survey (BPS), over the first ten months of 2017 the total number of permits, which included...
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Mortgage apps drop despite rate drop
Dec 20th, 8:50am
Total mortgage applications fell 4.9 percent,...
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MBS Day Ahead: Bond Selling Acting Like "Real Deal." Any Hope on The Horizon?
Dec 20th, 8:43am
Things have gone from "very sideways" to "very bad" for bond markets in less than 48 hours.  As of Monday afternoon, this could have...
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Politics and The Tax Bill's Impact on Fannie/Freddie; Inflation and Housing
Dec 20th, 8:36am
Posted To: Pipeline Press“Look, if a man says he will fix it, he will. There’s no need to remind him every six months.” Humor...
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Rising Credit Risk Remains in Normal Bounds
Dec 20th, 8:23am
Posted To: MND NewsWireMortgage credit risk has edged up over the last year, but CoreLogic says that it remains well within an acceptable range ,...
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Mortgage Applications Stumble, Refi's Remain Strong
Dec 20th, 8:14am
Posted To: MND NewsWireThe mortgage volume summary issued by the Mortgage Bankers Association for the week ended December 15, and the last before...
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Congress Dives Into Shutdown Drama Hours After GOP Win on Taxes
Dec 20th, 7:51am
Bloomberg Congress Dives Into Shutdown Drama Hours After GOP Win on Taxes Bloomberg Congressional leaders are trying to to jam as many extras as...
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House to vote again on tax bill; Trump on verge of win
Dec 20th, 7:51am
WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives on Wednesday was expected to give final approval to a sweeping tax...
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Bond Market Breaks Out, but in a Bad Way
Dec 20th, 7:45am
The Daily Prophet: Bond Market Breaks Out, but in a Bad Way Bloomberg Since late September, the yield on the benchmark 10-year Treasury note has...
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Strange 'disconnect' in the market is raising a red flag for one market watcher
Dec 20th, 7:43am
A disconnect between equities, bonds and the currency market as tax reform legislation nears passage has one strategist concerned....Read More
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Mortgage Credit Risk Dips from Prior Quarter
Dec 19th, 5:34pm
On a quarter-over-quarter basis, mortgage lenders have reduced the amount of risk they took. But there was an increase from a year earlier as...
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MBS RECAP: Huge Market Movement. No Market Movers
Dec 19th, 4:25pm
Posted To: MBS CommentaryThere were no market movers in play today. I'm not trying to be funny or clever. There were no market movers- -at...
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Fannie Updates Lending Requirements
Dec 19th, 4:09pm
The Federal National Mortgage Association has made changes to its policies on frozen credit reports, premium pricing and Texas home-equity...
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Mortgage Rates Surge to Recent Highs
Dec 19th, 3:47pm
Posted To: Mortgage Rate WatchMortgage rates surged higher today, ultimately making it back to levels not seen since late October in some cases...
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Real estate sector becomes biggest market laggard
Dec 19th, 3:45pm
Discussing the winners and losers of the market at...
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Housing starts rise versus 2016, but fall below 25-year average
Dec 19th, 3:45pm
CNBC's Diana Olick reports on the latest read...
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Interest rates rise in one of biggest 2-day moves of year as tax bill gets closer to becoming law
Dec 19th, 3:29pm
Bond yields snapped higher in one of the biggest two day moves of the year, as Congress moved to turn the tax bill into law....Read More
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U.S. House approves biggest tax overhaul in 30 years, Senate next
Dec 19th, 1:44pm
WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives approved sweeping, debt-financed tax legislation on Tuesday,...
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Sacramento Housing in November: Sales down 3% YoY, Active Inventory up 8% YoY
Dec 19th, 1:25pm
During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For...
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US Treasury Sales Are About to Double 2018. Who's Buying?
Dec 19th, 1:25pm
Bloomberg US Treasury Sales Are About to Double 2018. Who's Buying? Bloomberg With the U.S. about to sell the most debt in eight years,...
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New Construction Up, Permits and Completed Const Off
Dec 19th, 12:41pm
Despite weakening housing permits and completed construction, new construction rose last month. In the West, new construction soared as completed...
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Santelli Exchange: How did buybacks get such a bad reputation?
Dec 19th, 12:16pm
CNBC's Rick Santelli reports on the U.S....
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Fed's Kaplan Warns Inverted Yield Curve Would Limit Flexibility
Dec 19th, 11:40am
Bloomberg Fed's Kaplan Warns Inverted Yield Curve Would Limit Flexibility Bloomberg Federal Reserve Bank of Dallas President Robert Kaplan...
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Tax bill is supportive of inflation and further Fed rate hikes: Economist
Dec 19th, 11:34am
Michael Feroli, J.P. Morgan chief U.S. economist,...
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Serious 2nd Mortgage Delinquency Soars
Dec 19th, 10:51am
A modest improvement was reported for the rate of serious delinquency on first mortgages. But the rate took an ugly turn on second mortgages.The...
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Fed President Neel Kashkari explains why he's still against hiking rates
Dec 19th, 10:28am
The full interview with Neel Kashkari....Read More
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Not a "Good Time to Buy?" Tax Changes Might Make Opinions Worse
Dec 19th, 10:05am
The idea that it is a good time to buy a home appears to be losing ground.  The National Association of Realtors'® (NAR's) new fourth...
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Wells Fargo Names New Consumer Chief
Dec 19th, 9:49am
A new consumer lending chief at Wells Fargo & Co. will now oversee 115,000 employees and the biggest mortgage originator in the country.Last...
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Housing starts up 3.3% vs. down 3.1% est.
Dec 19th, 9:37am
CNBC's Rick Santelli breaks down the latest...
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Fed's Dots Have Lost the Plot as Economists Puzzle Over Outlook
Dec 19th, 9:27am
Bloomberg Fed's Dots Have Lost the Plot as Economists Puzzle Over Outlook Bloomberg The Federal Reserve published a fresh set of economic...
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Freddie Mac Prices $1.2 Billion Multifamily K-Deal, K-729
Dec 19th, 8:58am
Freddie Mac Prices $1.2 Billion Multifamily K-Deal, K-729...Read More
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US Treasurys mixed as investors await news surrounding US tax plan
Dec 19th, 8:58am
U.S. government debt prices were mixed on Tuesday, as investors turn their focus to the current state of overhauling the U.S. tax system....Read More
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Homebuilding Activity Stronger Than Forecast
Dec 19th, 8:53am
After a surprisingly good report in October, with all three measures of residential construction activity rising significantly, analysts were...
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MBS Day Ahead: Bonds Begin Day Testing Weaker Boundaries
Dec 19th, 8:28am
It could just be random December trading that ultimately proves to be inconsequential, but every visit to the top of our recent ranges has to...
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Events and Webinars; Borrower Satisfaction Survey; 2Y Bonds Hit 9 Year-High
Dec 19th, 8:24am
Demographics and politics make interesting bedfellows. There are eight senators who are at least 80-years-old, nearly twice as many as ever...
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Fed's Neel Kashkari: This is not the time to raise interest rates
Dec 19th, 8:06am
Neel Kashkari, Federal Reserve Bank of Minneapolis...
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Fed's Kashkari: I vote against rate hikes because of low inflation and troubling bond market si
Dec 19th, 7:27am
Minneapolis Fed President Neel Kashkari made his comments Tuesday in an appearance on CNBC's "Squawk Box."...Read More
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CoreLogic Analysis Shows Mortgage Credit Risk Increased from Q3 2016 to Q3 2017
Dec 19th, 7:26am
—Credit Risk for New Loans in 2017 Similar to Loans Issued in Early 2000s— Mortgage Loans Exhibit Higher Credit Quality Since...
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Wholesaler, Bank and Credit Union Fail
Dec 18th, 4:50pm
Over the past month, mortgage-related businesses to close or fail include a bank, a credit union and the wholesale division of a large bank.The...
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MBS RECAP: Late December Liquidity Causing Volatility
Dec 18th, 4:27pm
Posted To: MBS CommentaryLast Friday I said that bond traders had "had enough" when it came to reacting to every little tax bill...
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Fannie Forecast Improves, Tax Bill Seen as Double-Edged Sword
Dec 18th, 4:16pm
Despite the disruptions from several hurricanes and an expected drag from trade in the fourth quarter, Fannie Mae says it expects 2017 to finish...
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Mortgage Rates Rise Only Slightly Despite Weaker Market Cues
Dec 18th, 4:02pm
Posted To: Mortgage Rate WatchMortgage rates bounced modestly higher today, bringing the average lender back in line with last Wednesday's levels....
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PHH Unit Sold to Guaranteed Rate
Dec 18th, 3:58pm
PHH Corp. has sold off one of its operating units in a transaction that generated an estimated nearly $100 million in gross proceeds.Back in...
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House tax bill vote to come as early as Tuesday
Dec 18th, 3:36pm
CNBC’s Ylan Mui reports the latest details on the...
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Dow jumps 145 points as Street cheers upcoming tax bill vote
Dec 18th, 3:36pm
Discussing the current state of the markets with...
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Early Read on Existing Home Sales in November
Dec 18th, 3:36pm
From housing economist Tom Lawler ( same estimate, more discussion ): Based on publicly-available state and local realtor/MLS reports from across...
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House and Senate Poised to Approve Final Tax Bill by Wednesday
Dec 18th, 3:36pm
Bloomberg House and Senate Poised to Approve Final Tax Bill by Wednesday Bloomberg This week marks the last leg of Republicans' push to...
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3-Year Home Purchase Financing Forecast Lifted
Dec 18th, 3:30pm
The three-year forecast for the origination of loans to finance single-family property purchases has been increased by nearly $50 billion.The...
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Former Exec Sues Guaranteed Rate
Dec 18th, 12:38pm
A former executive who was sued by Guaranteed Rate Mortgage has counter-sued the company alleging senior executives manipulated gain-on-sale...
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Santelli Exchange: Is the flattening curve trade overdone?
Dec 18th, 12:37pm
CNBC's Rick Santelli discusses how growth,...
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A few comments: Housing and Policy
Dec 18th, 12:25pm
A few brief comments on tax policy changes ... There are a several policy changes that might impact housing: the reduction in the Mortgage...
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Tax reform could spur mergers and acquisitions
Dec 18th, 12:08pm
Morgan Stanley Head of M&A Robert Kindler...
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Will FCC reversal on net neutrality rules impact consumer payments?
Dec 18th, 11:33am
On Thursday, December 14, the Federal Communications Commission voted 3-2 to reverse its 2015 order classifying the provision of broadband...
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18-Year High for Home Builder Confidence
Dec 18th, 11:02am
The nation's home builders have grown more confident than at any time since Bill Clinton was president. Deregulation was cited as one factor for...
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Fed's Kashkari Says Flatter Yield Curve Helped Motivate Dissent
Dec 18th, 11:01am
Bloomberg Fed's Kashkari Says Flatter Yield Curve Helped Motivate Dissent Bloomberg Federal Reserve Bank of Minneapolis President Neel...
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As California fires blaze, homeowners fear losing insurance
Dec 18th, 10:42am
California homeowners and regulators fear insurers will drop coverage as wildfires ravage the state....Read More
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Future Development Reads: How much should corporate income be taxed?
Dec 18th, 10:36am
One of the most controversial parts of the Republican Party's tax bill is that it reduces the corporate income tax rate from 39 percent to 21...
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Freddie Takes Steps to Ease Affordable Housing Crisis
Dec 18th, 10:24am
Steps being taken by Freddie Mac to address the affordable housing crisis include making more financing available for single-family homes,...
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Fannie Mae Publishes Final Duty to Serve Underserved ...
Dec 18th, 10:11am
News Release. Share This: December 18, 2017. Fannie Mae Publishes Final Duty to Serve Underserved Markets Plan Plan ......Read More
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Mortgage Banking Exec Indicted for Warehouse Fraud
Dec 18th, 10:07am
An executive who handled warehouse advances for a mortgage banker in the Empire State has been indicted and arrested. The company collapsed amid...
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Home builder sentiment soars
Dec 18th, 9:52am
CNBC's Diana Olick reports how new policies...
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Faith in New Home Market at 18-Year High
Dec 18th, 9:39am
Builder confidence shot up in December, reaching the highest level the National Association of Home Builders (NAHB) has recorded in 18...
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Builders Confident As Market Primed to Expand in 2018
Dec 18th, 9:17am
Builder confidence in the market for newly-built single-family homes increased five points to a level of 74 in December on the National...
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The Best Housing Market in a Decade, Now What?
Dec 18th, 8:56am
By Leonard Kiefer, Deputy Chief Economist Housing markets responded well to 2017's favorable economic environment. The environment is unlikely to...
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MBS Week Ahead: Decent Amount of Data, Tax Vote, and Holiday Closure
Dec 18th, 8:48am
While it's not on some economic calendars yet, this Friday will be an "early close" for bond markets, meaning no trading after 2pm ET. ...
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Economy Expected to End 2017 on a Cheerful Note | Fannie Mae
Dec 18th, 8:19am
News Release. Share This: December 18, 2017. Economy Expected to End 2017 on a Cheerful Note. Matthew Classick. 202-752-3662. ......Read More
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New Products; The Tax Plan's Reality for Homeowners and Small Businesses
Dec 18th, 8:16am
We start the week with something pertaining to words and the internet, both near and dear to all of us. Here’s the New Yorker's cartoon...
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This is an architectural change to the tax code: PwC's Rohit Kumar
Dec 18th, 7:50am
Rohit Kumar, PwC Tax Policy Services, discusses the...
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How to make your home energy efficient this winter
Dec 18th, 7:39am
How to winterize your home and spend less during the coldest part of the year....Read More
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Sen. John Cornyn defends tax provision that could benefit Trump, GOP lawmakers
Dec 18th, 7:39am
The last minute provision is said to benefit those with real estate income....Read More
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Real Estate Investors Get Last-Minute Perk in Tax Bill
Dec 18th, 7:37am
Bloomberg Trump, Real Estate Investors Get Last-Minute Perk in Tax Bill Bloomberg Lawmakers scrambling to lock up Republican support for the tax...
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Righteous Renovations! These Home Features Are Proven to Pay Off
Dec 18th, 7:33am
If you have the right home features, your home can shoot right off the market. Get it wrong, and you're looking at an extra month. The...
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Bond Traders Flatten Yield Curve Even as Inflation Set to Bounce
Dec 18th, 7:26am
Bloomberg Bond Traders Flatten Yield Curve Even as Inflation Set to Bounce Bloomberg The bond market is showing little fear of the inflation...
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MBS RECAP: Bond Traders Have Had Enough
Dec 15th, 6:32pm
Bond traders are increasingly saying "enough already!" when it comes to reacting to every little push and pull in the tug-o-war over the tax...
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Surge in GSE Refinances, HARP Down
Dec 15th, 2:58pm
The monthly number of government-sponsored enterprise mortgages refinanced turned sharply higher even as government-supported refinances fell to a...
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Half the benefit of tax reform priced in for retail stocks: Analyst
Dec 15th, 2:46pm
Michael Lasser, UBS Equity Research analyst,...
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Major IRS Glitch Could Delay Closings by Months
Dec 15th, 2:44pm
A change in the technology utilized by the Internal Revenue Service has created a glitch in a system used by home lenders that could end up...
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Mortgage Rates Hold Recent Lows
Dec 15th, 2:34pm
Posted To: Mortgage Rate WatchMortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The...
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Santelli Exchange: The reversal of 'distortions'
Dec 15th, 1:48pm
CNBC's Rick Santelli discusses taxes,...
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CFPB data collection freeze impacting CFPB examinations
Dec 15th, 1:48pm
Since Mick Mulvaney's appointment by President Trump as CFPB Acting Director, there have been widespread media reports about Mr. Mulvaney's plans...
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Republicans finish tax bill, will release details later in day
Dec 15th, 1:47pm
WASHINGTON (Reuters) - Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul and will release the...
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Fed's Quarles will recuse himself from participating in matters specific to Wells Fargo
Dec 15th, 1:46pm
The Federal Reserve Board announced Friday that Vice Chairman Randal Quarles recused himself from any matters concerning Wells Fargo....Read More
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Fed's rosy economic scenario leaves inflation puzzle for Powell
Dec 15th, 1:45pm
WASHINGTON (Reuters) - As incoming Federal Reserve Chair Jerome Powell works through his holiday shopping list, he might consider the nearly 50...
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Upcoming Holidays Eat Into Weekly Mortgage Biz
Dec 15th, 1:25pm
As the heart of the holiday season approaches, new mortgage business is beginning to erode. Government activity was most impacted by the...
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Mortgage Brokers Operated AMC to Influence Values
Dec 15th, 12:08pm
The owners of a Chicago-area mortgage brokerage are accused of operating an appraisal management company in order to influence appraised values on...
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Marco Rubio will support GOP tax bill after child tax credit tweaks, sources say
Dec 15th, 11:44am
CNBC's Ylan Mui reports that Sen. Marco Rubio...
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Treasuries Are the Least Volatile Since the 1960s
Dec 15th, 11:26am
Bloomberg Treasuries Are the Least Volatile Since the 1960s Bloomberg Ten-year Treasury yields have traded this year in the narrowest range since...
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Investment Firm Taking Stake in Guaranteed Rate
Dec 15th, 10:51am
An investment firm with interests in firms like Black Knight Inc., ServiceLink Holdings LLC and Ten-X LLC is taking a stake in Guaranteed Rate...
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Your next home rental agent may be a robot
Dec 15th, 10:40am
The Zenplace robot is a roving screen showing a live person in another location....Read More
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Freddie and Fannie May Get Another Jumpstart
Dec 15th, 10:22am
Posted To: MND NewsWireThere has been a flurry of news about the two GSEs, Fannie Mae and Freddie Mac, in the last few weeks. The House Financial...
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Fed's Evans says was against rate hike over inflation concerns
Dec 15th, 10:21am
The Chicago Fed President said that he was against the Fed's decision to raise interest rates....Read More
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What is expected in final GOP tax bill?
Dec 15th, 9:42am
Michael Zezas, Morgan Stanley public policy...
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Industrial Production Increased 0.2% in November
Dec 15th, 8:38am
From the Fed: Industrial production and Capacity Utilization Industrial production moved up 0.2 percent in November after posting an upwardly...
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THL Invests in G-Rate; Fair Lending and HMDA News
Dec 15th, 8:20am
Posted To: Pipeline PressOriginators, who work with plenty of renters who want to be owners, should know that the Harvard Joint Center tells us...
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MBS Day Ahead: Is There a Common Theme For Bonds at Year-End?
Dec 15th, 8:15am
Posted To: MBS CommentaryFrom time to time, a discussion will start up among MBS Live community members regarding certain habits for certain...
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2018 economic outlook in focus
Dec 15th, 7:44am
Investors eye the markets and economy as we head...
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Changes are coming in the tax bill to be released Friday, and here are some of the reasons for them
Dec 15th, 7:40am
The chief tax writer in the House confirmed that the latest tax bill has a top individual rate of 37%, lower than both the House and Senate said...
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Fannie-Freddie Talks Focus on Finding Rivals for Mortgage Giants
Dec 15th, 7:38am
Bloomberg Fannie-Freddie Talks Focus on Finding Rivals for Mortgage Giants Bloomberg A pair of U.S. senators is determined to entice more...
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PHH Fined Over $100k On Vacant Property
Dec 14th, 5:21pm
PHH Mortgage Corp.'s failure to follow state requirements for vacant real-estate-owned assets in the Empire State will cost it more than...
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Mortgage Rates Hold Despite Fed Move, Could Drop
Dec 14th, 4:09pm
Despite a broadly expected rate increase from the Federal Reserve Board's Federal Open Market Committee, fixed mortgage rates were little changed....
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MBS RECAP: Stocks Lose, Rates Recover on Tax Bill Fears
Dec 14th, 3:55pm
Posted To: MBS CommentaryBonds began the day in weaker territory partly due to a correction from yesterday's strong run in the afternoon, and...
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Mortgage Rates Hold On to Lower Levels After Tax Bill Doubts
Dec 14th, 2:51pm
Posted To: Mortgage Rate WatchMortgage rates held on to yesterday's gains in most cases. Some lenders were even in slightly better shape today,...
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Sen. Marco Rubio against tax bill unless tax credits expanded
Dec 14th, 2:46pm
CNBC's Ylan Mui reports that Sen. Marco Rubio...
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It's Trump's Fed Now
Dec 14th, 2:46pm
Bloomberg It's Trump's Fed Now Bloomberg With so many vacancies, the president will have a shot at molding the central bank. By....
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U.S. regulators ditch net neutrality rules as legal battles loom
Dec 14th, 2:46pm
WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at...
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Wall Street falls as investors fret about tax bill passage
Dec 14th, 2:45pm
(Reuters) - The S&P 500 and the Dow were lower on Thursday as investors worried about potential roadblocks to Republicans' tax overhaul,...
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Marco Rubio is reportedly a 'no' on current GOP tax plan; Mike Lee is undecided
Dec 14th, 1:32pm
Marco Rubio and Mike Lee seek an expanded child tax credit under the bill the GOP hopes to pass next week....Read More
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Bogus Impac Mortgage CEO Emails Sent to Consumers
Dec 14th, 1:07pm
Consumers have received emails from someone claiming to be the chief executive officer of Impac Mortgage Corp. and requesting money in order to...
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Dozens of Mortgage Conferences Scheduled for Q1
Dec 14th, 12:45pm
Dozens of mortgage-related events scheduled for the first-three months of 2018 will cover a range of topics including secondary marketing,...
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Americans' Satisfaction With U.S. Same in 2017 as in 2016
Dec 14th, 12:38pm
In 2017, an average of 27% of Americans were satisfied with the way things were going in the U.S., unchanged from 2016....Read More
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Federal Communications Commission repeals net neutrality rules
Dec 14th, 12:38pm
WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at...
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A goal realized: Network lobbyists' sweeping capture of their regulator
Dec 14th, 12:38pm
When the Federal Communications Commission (FCC) voted December 14 to repeal the rules protecting a fast, fair, and open internet, the lobbyists...
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Fourth-quarter GDP tracking at 2.6%
Dec 14th, 12:21pm
CNBC's Steve Liesman reports on the projected...
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The new renters are older and wealthier
Dec 14th, 11:59am
There has been a huge surge in the share of higher-income Americans renting....Read More
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GOP looking to vote on tax bill next week
Dec 14th, 11:24am
CNBC's Ylan Mui reports the latest on the road...
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Hotel Occupancy Rate Increased Year-over-Year, 2017 will be Record Occupancy Year
Dec 14th, 11:06am
From HotelNewsNow.com: STR: US hotel results for week ending 9 December The U.S. hotel industry reported positive year-over-year results in the...
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Falling Prices and New Mortgage Rules Boost Canadian Home Sales
Dec 14th, 10:37am
Bloomberg Falling Prices and New Mortgage Rules Boost Canadian Home Sales Bloomberg The recent drop in Canadian real estate prices and tougher...
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Automated Appraisals Don't Paint the Whole Picture
Dec 14th, 10:17am
The use of Automated Valuation Models (AVM) is expected to expand following the announced plans of the Fannie Mae and Freddie Mac to waive the...
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Construction Trades: A Step on the Path Toward Higher Paying Jobs
Dec 14th, 9:41am
A recent NAHB study identifies eight senior positions at home building companies that are often to nearly always filled by someone with experience...
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Business inventories down 0.1% in October
Dec 14th, 9:27am
CNBC's Rick Santelli reports the latest read on...
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Retail Sales increased 0.8% in November
Dec 14th, 9:23am
On a monthly basis, retail sales increased 0.8 percent from October to November (seasonally adjusted), and sales were up 5.8 percent...
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Little Change for Mortgage Rates
Dec 14th, 9:07am
Little Change for Mortgage Rates...Read More
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Weekly Initial Unemployment Claims decrease to 225,000
Dec 14th, 8:45am
The DOL reported : n the week ending December 9, the advance figure for seasonally adjusted initial claims was 225,000, a decrease of 11,000 from...
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Downpayments at Record Highs as Home Prices Rise
Dec 14th, 8:23am
Posted To: MND NewsWireHomebuyers ponied up the highest downpayments on record to purchase homes in the third quarter of 2017. ATTOM Data...
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Tax News; State-Level Changes; Jumbo/Non-Conforming Updates; Dot Plot Primer
Dec 14th, 8:15am
Posted To: Pipeline PressThere’s a lot of airport travel coming up. It is best to stay cool, calm, and collected . Unfortunately, something...
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MBS Day Ahead: Big Directional Moves All About Keeping Things SIdeways
Dec 14th, 7:29am
Posted To: MBS CommentaryVolume swelled during the first 3 days of the week, culminating in yesterday's CPI/Fed combo and a fairly large move...
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European Central Bank keeps its monetary policy unchanged
Dec 14th, 7:11am
European Central Bank keeps its monetary policy unchanged|| 104898292...Read More
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Unhappy 10th Anniversary, Great Recession. You Still Hurt Us
Dec 14th, 7:04am
The Great Recession began exactly one decade ago this month. Although the economy has been growing steadily for years, the downturn's impact is...
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Why Are High Earners Moving Toward Renting Instead of Buying?
Dec 14th, 7:04am
A new report finds that renters are older and wealthier than you might expect, in a reflection of changing real estate realities. The post Why Are...
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Trulia Reports Homebuyers Face Largest Year-Over-Year Drop In For-Sale Inventory Since 2013
Dec 14th, 7:03am
Premium homes saw largest declines in four years, while starter and trade-up home inventory continues to dwindle...Read More
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MBS RECAP: Bonds Cheer Weak Inflation Data and Fed Forecasts
Dec 13th, 4:59pm
Heading into the day, we knew we were looking at 2 key market movers in the form of the CPI data and the afternoon's Fed festivities (which...
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Banks Among Firms Acquiring Mortgage Bankers
Dec 13th, 4:58pm
Several mortgage banking firms are being acquired, including two that are being picked up by banks. Two smaller Louisiana firms are merging, while...
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Hiking rates is a risk management exercise: Frmr. Dallas Fed president
Dec 13th, 4:26pm
Richard Fisher, former Dallas Fed President, reacts...
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Yellen says high stock market value does not mean it's overvalued
Dec 13th, 4:21pm
Fed Chair Janet Yellen said current high stock market valuations do not mean the market is overvalued or that a sell off would pose much risk to...
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Mortgage Rates Quickly Lower After Inflation Data and Fed
Dec 13th, 3:57pm
Posted To: Mortgage Rate WatchMortgage rates fell fairly quickly this afternoon following the Federal Reserves updated economic projections. While...
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Mortgage Vendor Search Engine Launched
Dec 13th, 3:13pm
A new search engine has been launched for people in the mortgage industry to find vendors that offer a variety of services to the sector.Imagine...
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Yellen: Federal Reserve is not seriously considering a digital currency at this time
Dec 13th, 2:52pm
In her final press conference, Federal Reserve...
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Yellen: Tax changes likely to provide modest lift to GDP
Dec 13th, 2:51pm
In her final press conference, Federal Reserve...
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Fed raises interest rates, keeps 2018 policy outlook unchanged
Dec 13th, 2:51pm
WASHINGTON (Reuters) - The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its...
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Biggest Housing Stories 2017: The News That Rocked the Real Estate World
Dec 13th, 2:49pm
Many of the year's biggest news stories have big ramifications for both local and national housing markets. So what were the most noteworthy...
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Bill Gross: Fed can only hike so much before it 'really starts to bite' housing
Dec 13th, 2:44pm
Bill Gross expects two to three rate hikes in 2018, and thinks raising rates above 2.5 percent could hurt mortgages....Read More
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Fed hikes rates by a quarter point
Dec 13th, 1:02pm
The Federal Reserve had been expected to raise its benchmark interest rate a quarter point to a target range of 1.25 percent to 1.5...
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Tax Bill Progresses, Mortgage Deduction Compromise
Dec 13th, 12:57pm
An agreement on tax reform has been reached between House and Senate Republicans that includes a compromise on the mortgage interest...
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13-Year Low Predicted for Mortgage Delinquency
Dec 13th, 12:08pm
Mortgage delinquency is predicted to fall to a 13-year low next year, while the origination of home-secured credit lines over the next five years...
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Realtors Raise Last-Minute Red Flags Over Tax Bill
Dec 13th, 12:04pm
Realtors are expressing concern over three measures that exist in either the House or the Senate versions of the Republican tax cut bill and have...
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Mortgage Apps Drop, Refi Share at Nearly 1-yr High
Dec 13th, 11:48am
Even though a decline was recorded for weekly mortgage applications, the share that were for refinances was the widest it's been in nearly a year....
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Jeffrey Gundlach: The Fed is 'clearly' going to hike rates
Dec 13th, 11:40am
Jeffrey Gundlach, DoubleLine Capital LP CEO and...
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House, Senate leaders reach tentative deal on sweeping tax package: AP, citing sources
Dec 13th, 11:01am
House and Senate negotiators have reached a deal in principle on a tax plan, according to the AP....Read More
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Santelli Exchange: Which inflation metrics are 'core-rect?'
Dec 13th, 10:54am
CNBC's Rick Santelli discusses the divergence...
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Key Measures Show Inflation Mostly Below Fed's Target
Dec 13th, 10:25am
The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median...
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What to expect in Yellen's swan song: 'She's not a showboater'
Dec 13th, 10:06am
Fed Chair Janet Yellen is likely to offer the same approach to her last Q&A with the media as she did the first....Read More
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Insana: This will be a contractionary tax cut
Dec 13th, 9:41am
CNBC Contributor Ron Insana says it's hard to...
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State Economies Contribute to Nationwide GDP Growth in Q2 of 2017
Dec 13th, 8:54am
Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the second quarter of 2017, according to the U.S. Bureau...
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Fannie and Freddie Will Wait Until Jan 2nd to Evict You
Dec 13th, 8:49am
Posted To: MND NewsWireBoth Freddie Mac and Fannie Mae announced this week that evictions from foreclosed single-family and two-to-four-unit...
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Yellen likely to hike rates in last act as Fed chair
Dec 13th, 8:27am
CNBC's Steve Liesman provides insight to the...
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November CPI up 0.4%
Dec 13th, 8:27am
CNBC's Rick Santelli breaks down the latest...
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U.S. consumer prices increase, but core CPI moderates
Dec 13th, 8:17am
WASHINGTON (Reuters) - U.S. consumer prices accelerated in November amid a rebound in gasoline prices, but declining healthcare and apparel costs...
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Lender/Appraiser Product; Investor Disaster Updates; Movement's Penalty
Dec 13th, 8:16am
Word on the street has House and Senate negotiators agreeing to scale back the mortgage interest deduction in the latest version of the GOP tax...
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For Purchase Applications, This December is Better Than The Last
Dec 13th, 7:30am
Posted To: MND NewsWireApplications for mortgages, both for home purchases and refinancing, declined during the week ended December 8. The...
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MBS Day Ahead: Bonds Navigate Dual Landmines in CPI and Fed Dots
Dec 13th, 7:26am
Today brings 2 key developments in the form of the 8:30am CPI data and the afternoon's Fed announcement.  CPI--the Consumer Price...
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GOP tax bill nears final version
Dec 13th, 7:07am
CNBC's Ylan Mui takes a look at where...
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Record-Setting Pace of Price Increases Continues
Dec 13th, 7:02am
Prices paid for inputs to residential construction (+0.7%), softwood lumber (+2.3%), gypsum products (0.4%), and OSB (+15.3%) all increased in...
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ECB set to lift its growth outlook as massive bond-buying slowly winds down
Dec 13th, 7:01am
The European Central Bank (ECB) is likely to raise its growth forecasts when it meets Thursday, as the fragile economic recovery in the region...
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Day 1 Certainty Cuts Loan Origination Turnaround
Dec 12th, 4:57pm
Mortgage bankers that utilize the Federal National Mortgage Association's Day 1 Certainty can cut there turnaround by as much as a third.The...
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MBS RECAP: Key Technical Ceiling Holds Firm After Auction
Dec 12th, 3:59pm
It was a pretty straightforward day for bond markets, which CONTINUE to operate in an exceptionally narrow, sideways range.  That's been...
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GOP tax bill would include 21% corporate tax rate, would start in 2018: Sources
Dec 12th, 3:45pm
It also would feature a top individual tax rate of 37 percent and raise the mortgage interest deduction amount to $750,000....Read More
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Mortgage Rates Slightly Higher Ahead of Fed
Dec 12th, 3:30pm
Mortgage rates moved modestly higher for the 4th straight business day today.  Last Wednesday saw the best levels in a month with...
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CNBC Fed Survey: Overwhelming number think tax cuts will pass
Dec 12th, 2:51pm
CNBC's Steve Liesman reports that a new CNBC...
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Mitch McConnell says there's no chance of a government shutdown
Dec 12th, 2:51pm
Mitch McConnell said he was confident Congress could reach a budget agreement to avoid a government shutdown....Read More
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Pricing Engines Improved, Integrated and Implemented
Dec 12th, 2:50pm
As developers of mortgage product and pricing engines improve their technology and integrate with other service providers, they are gaining new...
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Republicans Nearing Agreement on Final Tax Bill
Dec 12th, 1:57pm
WASHINGTON - Republicans lawmakers in the Senate and House said on Tuesday that they are coalescing around a unified tax plan and are aiming to...
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Bond Report: U.S. Treasury auctions $12 billion in 30-year bonds.
Dec 12th, 1:52pm
CNBC's Rick Santelli reports the latest read on...
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Rental investors may come out ahead in the tax plan
Dec 12th, 1:52pm
CNBC's Diana Olick reports on how changes in...
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Is tax uncertainty making home owners flee to lower tax states?
Dec 12th, 1:52pm
Jeff Miller, Brown Harris Stephens realtor,...
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The Latest: Tax bill scales back mortgage interest deduction
Dec 12th, 1:49pm
WASHINGTON – The Latest on the Republican tax overhaul (all times local): 1:25 p.m. Congressional aides say negotiators have agreed to scale...
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Special Report: Unfettered construction raises U.S. hurricane costs
Dec 12th, 12:27pm
PATTON VILLAGE, Texas (Reuters) - When Hurricane Harvey sent two feet of water rolling into this small community about 35 miles north of Houston,...
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Integration Furthers eLending
Dec 12th, 12:06pm
PathSoftware today announced that Path, its configurable, multi-channel, cloud-based mortgage loan origination software (LOS), is now fully...
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Fed expected to lift rates as Yellen delivers final press conference
Dec 12th, 11:56am
There will likely be one more rate hike from the Federal Reserve in 2017 before chairwoman Janet Yellen steps down....Read More
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Santelli Exchange: What to expect from FOMC
Dec 12th, 11:42am
CNBC's Rick Santelli discusses what to watch...
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Santelli Exchange: Jolts, Europe and the Fed
Dec 12th, 11:27am
CNBC's Rick Santelli reports on job openings...
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Calif Hits Another Lender for Interest Overcharges
Dec 12th, 11:12am
For the second time this month, a mortgage lender has agreed to settle allegations by the Golden State of illegal interest charges. The latest...
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Goldman expects "Tax Reform" to be Enacted in the "Next Two Weeks"
Dec 12th, 10:45am
A few excerpts from an article by Goldman Sachs economist Alec Phillips: We continue to expect tax reform to be enacted in the next two weeks. A...
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Fed survey: We won't go negative or flat on yield curve
Dec 12th, 10:28am
CNBC's Steve Liesman reports on the results of...
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MBA Sees Sales Falling in Nov Despite Longer-Term Strength
Dec 12th, 9:59am
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) projects a decrease in new home sales in November compared to the previous month,...
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Hurricanes Push Up Mortgage Delinquency
Dec 12th, 9:46am
Despite hurricane-related deterioration in the rate of mortgage delinquency, the rate of serious delinquency and foreclosures stand at the lowest...
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US Wholesale Prices Climbed More Than Forecast in November
Dec 12th, 9:14am
Bloomberg US Wholesale Prices Climbed More Than Forecast in November Bloomberg U.S. wholesale prices rose more than forecast in November, boosted...
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Increased Delinquency Not a Sign of Distress - Hurricanes to Blame
Dec 12th, 8:58am
Loans performed well in September, continuing to erase most of the last vestiges of the market's Great Recession distress.  The CoreLogic...
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Snapshot: U.S. Economic Confidence Holds Strong
Dec 12th, 8:55am
Americans' confidence in the economy remains strong heading into the final weeks of the holiday shopping season...Read More
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NFIB: Small Business Optimism Index "Near All-Time High" in November
Dec 12th, 8:22am
From the National Federation of Independent Business (NFIB): Small Business Optimism Hits Near All-Time High The Index of Small Business Optimism...
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Upcoming Events; Mortgage and Bank Announcements; MBS Issuance Rankings
Dec 12th, 8:16am
Today I find myself in Florida spending time with American Bancshares. Did you know the area code for Cape Canaveral is 321…as in a...
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JP Morgan Private Bank: The dots will be key to watch for Fed policy in 2018
Dec 12th, 7:56am
Patrick Schaffer of J.P. Morgan Private Bank...
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Congress goes full-steam ahead on tax overhaul bill
Dec 12th, 7:55am
CNBC's Ylan Mui reports on the progress being...
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Fed survey: 98% expect third rate hike in December
Dec 12th, 7:55am
CNBC's Steve Liesman reports the results of the...
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US producer prices post the biggest annual gain in nearly 6 years
Dec 12th, 7:55am
U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased....Read More
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MBS Day Ahead: Focus Remains on Tomorrow
Dec 12th, 7:37am
Posted To: MBS CommentaryI wish I could tell you that today was destined to be an exciting opportunity for bonds to embark on some sort of epic...
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How the Fed could surprise the markets at Yellen's farewell meeting
Dec 12th, 7:22am
The Fed is expected to raise interest rates Wednesday, but it's how the Fed responds to the tax bill that is the wild card for markets....Read More
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Bond Traders Look to 2018 as This Week's Fed Raise Seen as Done Deal
Dec 12th, 7:20am
Bloomberg Bond Traders Look to 2018 as This Week's Fed Raise Seen as Done Deal Bloomberg With a Federal Reserve rate hike this week seen...
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Housing Trends Favor Builders Focused on Entry-Level Buyers
Dec 12th, 7:20am
Housing Trends Favor Builders Focused on Entry-Level Buyers...Read More
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CoreLogic Reports September Mortgage Delinquency Rates Lowest in More Than a Decade
Dec 12th, 7:19am
Overall Mortgage Delinquency Rate Fell 0.2 Percentage Points Year Over Year Foreclosure Rate Declined 0.2 Percentage Points Year Over Year...
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Loan Origination Systems Enhanced, Adopted
Dec 11th, 5:53pm
Enhancements to a loan origination system have thrust a technology provider into the fastest-growing club. One LOS developer has integrated the...
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MBS RECAP: Maintaining The Trend Meant Modest Weakness Today
Dec 11th, 4:33pm
Posted To: MBS CommentaryBond markets had an uneventful overnight session until just before the start of domestic trading hours. Most market...
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Treasury Defends Tax Plan in One-Page Analysis
Dec 11th, 4:12pm
A long-awaited document says the $1.5 trillion plan will pay for itself, assuming robust economic growth from a host of policies yet to be...
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Duy: "Expect the Fed to Stand By Its 2018 Outlook"
Dec 11th, 4:12pm
From Tim Duy at Bloomberg: Expect the Fed to Stand By Its 2018 Outlook . A few excerpts: The Fed is likely to continue to point toward another 75...
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Congressional Republicans Hope To Pass Tax Overhaul Bill By Dec. 25
Dec 11th, 4:02pm
Congressional Republicans are working to merge House and Senate versions of a GOP tax bill. They're hoping to reach their first major legislative...
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People are taking out mortgages to buy bitcoin, says securities regulator
Dec 11th, 4:01pm
Bitcoin is in the "mania" phase, with some people even borrowing money to get in on it, regulator Joseph Borg said....Read More
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15-Month High for Ginnie's HMBS Issuance
Dec 11th, 3:16pm
Although overa1l issuance eased at the Government National Mortgage Association, issuance of reverse mortgage securities was the highest it's been...
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Looking Back at Loan Mods: What Worked, What Didn't, and What Can We Learn?
Dec 11th, 2:07pm
As banks and government tried to stem the flow of foreclosures during the housing crisis there was a lot of debate (and criticism) about what...
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UBS calls cryptocurrencies 'the bubble to end all bubbles'
Dec 11th, 1:32pm
"The bubble to end all bubbles...
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For the Next Housing Crisis, Lessons From the Last One
Dec 11th, 1:28pm
New research sheds light on what went wrong with the government's efforts to help underwater borrowers in the 2007-09 recession. The post For the...
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New America Funding Among Best OC Employers
Dec 11th, 1:04pm
In Orange County, California, New American Funding was recognized as one of the best employers. The company's chief executive officer talked about...
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New American Funding Among Best OC Employers
Dec 11th, 1:04pm
In Orange County, California, New American Funding was recognized as one of the best employers. The company's chief executive officer talked about...
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Happy Borrowers: Achieving Financial Success With Customer Satisfaction
Dec 11th, 1:00pm
To Download The Full Free Industry Paper PDF Your borrowers matter. And in a changing market, they matter more than ever. In 2017, we’ve seen...
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Originations: America's future depends on this major housing change
Dec 11th, 11:52am
Today's Best Reads The post Originations: America’s future depends on this major housing change appeared first on The Basis Point...
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24 billion 3-Year notes go up for auction
Dec 11th, 11:16am
CNBC's Rick Santelli reports on the state of...
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Weekly Mortgage Business Strengthens, Gov Leads
Dec 11th, 11:14am
New mortgage activity turned sharply higher last week. While government-backed programs had the largest gains, rate-term refinance business...
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Freddie Mac Announces Holiday Eviction Moratorium; Confirms Natural Disaster Relief Policies
Dec 11th, 11:08am
Freddie Mac Announces Holiday Eviction Moratorium; Confirms Natural Disaster Relief Policies...Read More
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GOP tax bill heads to conference
Dec 11th, 11:04am
Austan Goolsbee, former Council of Economic...
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Construction Job Openings Rise in October
Dec 11th, 10:36am
The count of unfilled jobs in the construction sector increased in October. This increase occurred during a period of expansion for repair...
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New evacuations ordered as California wildfires grow
Dec 11th, 9:53am
CNBC's Jane Wells reports the latest on the...
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Sen. Grassley: These are two big sticking points on tax overhaul plan
Dec 11th, 9:53am
Sen. Charles Grassley (R-Iowa), Finance Committee...
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The Yield Curve Is Flatter! Remind Me Why I Care
Dec 11th, 9:08am
Bloomberg The Yield Curve Is Flatter! Remind Me Why I Care Bloomberg If you're wondering what a yield curve is and why there's so...
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Bipartisan bill to provide "true lender" fix introduced in House
Dec 11th, 8:42am
A bipartisan group of five House members introduced a bill (H.R. 4439) last month that is intended to address the so-called “true...
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US Growth Pickup to Spur Earlier Fed Hike in '18, Survey Shows
Dec 11th, 8:38am
Bloomberg US Growth Pickup to Spur Earlier Fed Hike in '18, Survey Shows Bloomberg A strengthening U.S. economy may spur the Federal...
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Garages in New Homes: 2016 Data
Dec 11th, 8:34am
A majority of new homes that completed construction in 2016 included two-car garages, according to NAHB analysis of Census Bureau Survey of...
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Construction and Data Validation Products; FHA, VA, HECM Changes
Dec 11th, 8:22am
Posted To: Pipeline PressLenders making tough personnel decisions can’t “kick the can down the road” like Congress and the...
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MBS Week Ahead: Central Bank Meetings and Fiscal Drama Keep Volatility on The Table
Dec 11th, 8:16am
Posted To: MBS CommentaryThere are 3 to 4 big players this week when it comes to potential market movers . In no particular order, these include...
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Fed's incoming chair Powell faces an early test of his policy view as tax cuts near approval
Dec 11th, 7:38am
The incoming Fed chair appears set to let an expected tax cut run its course as weak wage growth and inflation buttress his view that the economy...
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Key to Trigger Market 'Inflection' Is a 1% Real Fed Rate, JPMorgan Says
Dec 11th, 7:30am
Bloomberg Key to Trigger Market 'Inflection' Is a 1% Real Fed Rate, JPMorgan Says Bloomberg Charles Schwab's Liz Ann...
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MBS RECAP: Every Bit the NFP Reaction We Expected
Dec 8th, 4:40pm
When it comes to bond markets reacting to economic data these days, don't expect too much and you won't be disappointed.  Heading into...
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Service Providers Help With Mortgage Compliance
Dec 8th, 3:38pm
A regulator is helping lenders prepare for upcoming changes to Home Mortgage Disclosure Act reporting. Two mortgage firms are utilizing service...
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Lack of wage growth remains, for yet another year, the economy's greatest mystery
Dec 8th, 2:44pm
The 228,000 jobs created formed a solid foundation, but the moribund 2.5 percent wage growth left many scratching their heads....Read More
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U.S. tax revamp still incomplete as Republicans eye social program cuts
Dec 8th, 2:43pm
WASHINGTON (Reuters) - Even before completing their overhaul of the U.S. tax code, Republicans in Washington have begun turning their attention to...
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IBERIABANK Settles FHA False Claims Lawsuit
Dec 8th, 1:31pm
A lawsuit alleging that IBERIABANK Corp. made false claims on residential loans that are insured by the Federal Housing Administration has been...
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Rates Stay Higher After Jobs Report and Shutdown Bill
Dec 8th, 1:28pm
Posted To: Mortgage Rate WatchMortgage rates moved modestly higher today, although some lenders were right in line with yesterday's levels...
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Trump signs temporary spending bill as budget talks intensify
Dec 8th, 1:08pm
WASHINGTON (Reuters) - U.S. President Donald Trump on Friday signed legislation to fund the federal government for two more weeks, giving...
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President Trump signs bill government funding bill to avert shutdown
Dec 8th, 1:08pm
President Trump signs bill to fund the government...
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Trump Denies Reports of Going Easy on Wells Fargo
Dec 8th, 12:00pm
The president is firing back at reports his administration will drop fines and penalties against Wells Fargo & Co., suggesting they could even...
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Consumers Expect Strong Increases in Housing Costs
Dec 8th, 11:28am
After dropping in October from what had been an all-time high the previous month, Fannie Mae's Home Purchase Sentiment Index (HPSI) resumed its...
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Mortgage Staffing Drops Despite Strong Jobs Report
Dec 8th, 10:57am
Although U.S. employers in all industries saw robust hiring last month, the latest statistics for the mortgage industry indicate that staffing...
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Trump signs bill to avert government shutdown for two weeks
Dec 8th, 10:56am
The spending bill will keep the government open until December 22....Read More
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Economist: Wage growth number from jobs report looked 'disappointing'
Dec 8th, 10:31am
Diane Swonk, DS Economics founder & CEO, and...
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Solid Seasonal Retail Hiring in November
Dec 8th, 10:09am
According to the BLS employment report, retailers hired seasonal workers in October and November at a higher pace than last year. Typically retail...
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Trump: Wells Fargo levies in mortgage cases 'will not be dropped' and could be hiked
Dec 8th, 10:03am
President Donald Trump rejected the notion Friday that Wells Fargo would skate on penalties associated with claims of mortgage lending...
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$5 billion worth of Southern California real estate faces significant fire risk
Dec 8th, 9:44am
An estimate of how many Southern California homes are at risk of fire and the estimated reconstruction value....Read More
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Preliminary consumer sentiment index at 96.8 in December
Dec 8th, 9:35am
CNBC's Rick Santelli reports the latest read on...
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90% of US Counties Get FHA Loan Limit Increase
Dec 8th, 9:34am
Loan limits will be rising in 2018 for loans guaranteed by the FHA.  The Department of Housing and Urban Development (HUD) announced on...
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Wholesale inventories fall 0.5 vs 0.4 expected
Dec 8th, 9:26am
The Commerce Department was expected to report a decline in wholesale inventories for October on Friday....Read More
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Consumer sentiment hits 96.8 vs 99 expected
Dec 8th, 9:06am
U.S. consumer sentiment was anticipated to climb in December near its highest levels of the year....Read More
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CFPB Updates TRID Rule Guide to Forms
Dec 8th, 9:04am
The Consumer Financial Protection Bureau recently issued an updated version of the TILA-RESPA Integrated Disclosure Guide to the Loan Estimate and...
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State-Level Policy Updates; Eyes on Fed Rate Increase
Dec 8th, 8:34am
Posted To: Pipeline PressTrio is a lease with an option to purchase that you can use to finance your new home." Its sister company is...
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November nonfarm payrolls up 228,000
Dec 8th, 8:02am
CNBC's Hampton Pearson reports the latest read...
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Job market beats expectations with 228,000 payroll growth; unemployment holds at 4.1%
Dec 8th, 7:51am
The U.S. economy created 228,000 jobs in November while the unemployment rate held steady at 4.1 percent, according to a Labor Department report...
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MBS Day Ahead: Time for The NFP Question
Dec 8th, 7:32am
Posted To: MBS CommentaryBond markets haven't been at all keen to react in a major way to economic data. Tax reform and other fiscal issues...
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Leading Index for Commercial Real Estate "Remains Strong" in November
Dec 8th, 7:15am
Note: This index is possibly a leading indicator for new non-residential Commercial Real Estate (CRE) investment, except manufacturing. From Dodge...
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Fannie and Freddie Overhaul Plan Takes Shape on Capitol Hill - Bloomberg
Dec 8th, 7:15am
Bloomberg Fannie and Freddie Overhaul Plan Takes Shape on Capitol Hill Bloomberg Congress still has a long way to go before resolving the most...
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Wells Fargo sanctions are on ice under Trump official, sources say
Dec 8th, 7:10am
Mick Mulvaney is reviewing whether Wells Fargo should pay millions of dollars over alleged mortgage lending abuse....Read More
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What to expect from the November jobs report
Dec 8th, 7:08am
CNBC's Steve Liesman takes a look at what to...
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Wells Fargo: Business and consumer spending to fuel economic growth next year
Dec 8th, 7:08am
John Silvia of Wells Fargo discusses how the pickup...
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15-Year Mortgages Lead Rates Higher
Dec 7th, 4:21pm
Weekly interest rates on single-family loans moved higher, with 15-year rates taking the biggest hit. The spread between adjustable and fixed...
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MBS RECAP: Scary Up Close; Tame in Context
Dec 7th, 3:52pm
Posted To: MBS CommentaryBond markets began the day roughly unchanged compared to yesterday afternoon's weaker closing levels. From there,...
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Rates Only Slightly Higher Despite Bond Market Weakness
Dec 7th, 3:17pm
Posted To: Mortgage Rate WatchMortgage rates were best described as " unchanged " today, although that may not be the case tomorrow. The afternoon...
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Trump will start infrastructure push in January, White House officials say
Dec 7th, 3:15pm
White House officials say the details of the proposal could be released before Trump's State of the Union address....Read More
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Exclusive: Wells Fargo sanctions are on ice under Trump official - sources
Dec 7th, 3:15pm
WASHINGTON (Reuters) - The new acting head of the U.S. consumer finance watchdog is reviewing whether Wells Fargo & Co should pay tens of...
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Will companies really reinvest tax cuts in their companies? Experts weigh in
Dec 7th, 3:12pm
James Pethokoukis, American Enterprise Institute,...
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Government shutdown doesn't seem like a market priority: Expert
Dec 7th, 3:12pm
Randy Frederick, Charles Schwab; Jonathan Corpina,...
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FHA Raises Loan Limits for 2018
Dec 7th, 3:05pm
As was the case recently for conventional conforming loan amounts, loan limits on forward and reverse mortgages insured by the Federal Housing...
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Goldman: November Payrolls Preview
Dec 7th, 2:32pm
A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate that nonfarm payrolls increased 225k in Novembe r, above...
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FHA Loan Limits Released
Dec 7th, 1:24pm
FHA loan limits released...Read More
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How one trader is playing next week's Fed meeting
Dec 7th, 1:05pm
What to expect from the Fed. Trading Treasuries...
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November Employment Preview
Dec 7th, 1:00pm
On Friday at 8:30 AM ET, the BLS will release the employment report for November. Merrill Lynch economists expect the following: We forecast that...
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Freddie Mac Prices First Offering of Certificates Backed by Single-Family Rentals
Dec 7th, 12:36pm
Freddie Mac Prices First Offering of Certificates Backed by Single-Family Rentals...Read More
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English files motion for preliminary injunction, amended complaint in CFPB Acting Director dispute
Dec 7th, 12:35pm
As required by Judge Kelly’s scheduling order, yesterday afternoon Leandra English filed a motion for a preliminary injunction in her...
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FHA to Stop Financing Properties With PACE Loans
Dec 7th, 12:31pm
The Department of Housing and Urban Development will no longer allow financing on properties where energy efficient improvement liens will remain...
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Diminished Mortgage Deduction Has Few Opponents
Dec 7th, 12:19pm
Aside from the real estate industry, there are few economists who oppose Republicans' plans to greatly diminish the benefit of the mortgage...
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The profits made from flipping homes continues to shrink
Dec 7th, 11:46am
A new study shows that while flipping is still extremely popular and even growing, average returns on flipping are shrinking....Read More
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Freddie Mac Announces Pricing of $292 Million Multifamily Small Balance Loan Securitization
Dec 7th, 11:18am
Freddie Mac Announces Pricing of $292 Million Multifamily Small Balance Loan Securitization...Read More
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Bill Gross: Expect a 'More Cautious and Easier Fed'
Dec 7th, 11:08am
Bloomberg Bill Gross: Expect a 'More Cautious and Easier Fed' Bloomberg Billionaire bond manager Bill Gross, who has long warned...
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Hutchins Roundup: Middle-class wealth, job separation reasons and earnings, and more
Dec 7th, 11:01am
Studies in this week's Hutchins Roundup find that wealth of typical middle-class household has not returned to pre-recession levels, reasons for...
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Ginnie Limits VA Refinances to Address Churning
Dec 7th, 10:53am
The Government National Mortgage Association has imposed restrictions on refinances of home loans guaranteed by the Department of Veterans...
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Homeowner Equity Gain Averages in Double Digits
Dec 7th, 10:47am
Nine years after what is acknowledged as the start of the housing crisis about 2.5 million homeowners remain underwater, but that number is down...
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New Post-Crisis High for Mortgage Credit Conditions
Dec 7th, 10:46am
Home lenders were more flexible with loan approvals last month than at any time since the financial crisis. Jumbo conditions eased most as...
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The Hutchins Center Explains: The Chained CPI
Dec 7th, 10:03am
A provision in the tax bill pending in Congress is focusing attention on the measure the government uses to adjust tax brackets and other elements...
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Weekly jobless claims down 2,000 to 236,000
Dec 7th, 9:34am
CNBC's Rick Santelli breaks down the latest...
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Rates Rise Across the Board
Dec 7th, 9:05am
Rates Rise Across the Board...Read More
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10-year yield on the move
Dec 7th, 8:52am
CNBC's Rick Santelli has the update on bond...
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Number of Bathrooms in New Homes
Dec 7th, 8:39am
Every year, the US Census Bureau publishes data on the characteristics of new single-family homes started in its Survey of Construction. In 2016,...
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Weekly Initial Unemployment Claims decrease to 236,000
Dec 7th, 8:39am
The DOL reported : In the week ending December 2, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of 2,000 from...
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Concerns mount over eliminating state and local tax deductions
Dec 7th, 8:26am
CNBC's Steve Liesman takes a look at the...
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MBS Day Ahead: We're Supposed to Have a Tough Time
Dec 7th, 8:23am
Both yesterday and the day before, bonds closed in stronger territory than the previous day's close.  That's the first time that's...
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No, bonds aren't signaling economic trouble ahead. Here's why
Dec 7th, 8:21am
Despite persistently low 10-year rates and a narrowing of the difference to the 2-year bond, there aren't urgent signs of distress...Read More
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Servicing News; FHA and VA Update; US Bank Exits Wholesale
Dec 7th, 8:20am
Posted To: Pipeline PressUpset that Richard Cordray has left the CFPB and is officially running for governor of Ohio ? Bored with lending here,...
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Government shutdown looms just before Christmas
Dec 7th, 7:39am
CNBC's Kayla Tausche reports Democratic leaders...
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Bond Traders Home In on Inflation Mystery as the Key to Winning 2018
Dec 7th, 7:34am
Bloomberg Bond Traders Home In on Inflation Mystery as the Key to Winning 2018 Bloomberg For traders in the world's biggest bond market,...
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The Long Game of Republican Economics
Dec 7th, 7:21am
Here is a brief modern history of Republican attitudes toward the deficit. For eight years under an Obama presidency, Republicans foretold of a...
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Trump faces off with Democrats over potential government shutdown
Dec 7th, 7:21am
WASHINGTON (Reuters) - President Donald Trump will face off with Democratic leaders of Congress on Thursday in a high-stakes White House meeting...
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Trulia: 2018 May See Cooling Of Pricey Coastal Markets And Continued Rise In Homeownership Rate Desp
Dec 7th, 7:10am
Trulia Identifies 10 Housing Markets to Watch: Grand Rapids, Mich., Nashville, Tenn., Raleigh, N.C., El Paso, Texas, San Antonio, Texas, Fort...
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Home Flippers Net Less in Q3
Dec 7th, 7:09am
Home Flippers Net Less in Q3...Read More
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TV Ad Seeks to Stop Mulvaney from Gutting CFPB
Dec 6th, 7:08pm
A television advertisement being run by a group that has the support of Sen. Elizabeth Warren (D-Massachusetts) seeks to stop the Trump...
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MBS RECAP: Best 2-Day Winning Streak in Quite a While
Dec 6th, 4:26pm
Posted To: MBS CommentaryFor the purposes of this recap, "winning streak" would be defined as a day where Fannie 3.5 MBS or 10yr...
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Jumbo, Reverse and Nonprime RMBS Issuance to Rise
Dec 6th, 3:59pm
Issuance of residential mortgage-backed securities filled with jumbo mortgages, nonprime loans and reverse mortgages is forecasted to rise next...
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Mortgage Rates Very Close to 1-Month Lows
Dec 6th, 3:48pm
Mortgage rates moved noticeably lower today as bond market improved for the 2nd day in a row--the first time that's happened since early...
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Senate votes to start talks with the House on striking a tax deal
Dec 6th, 3:07pm
The chambers will aim to nail down key differences between separate bills passed by the House and Senate....Read More
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Robert Shiller on GOP tax plan and home prices
Dec 6th, 3:03pm
CNBC's Diana Olick speaks to Robert Shiller,...
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Hot housing stocks are cooling off, and there could be more trouble ahead
Dec 6th, 2:41pm
Suddenly, housing stocks have gone from hot to not....Read More
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Impact of Tax Cuts Viewed Mostly Through Partisan Lens
Dec 6th, 2:41pm
Most Democrats and independents don't think the proposed tax cuts would help the U.S. economy or their family's financial situation, but...
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Home Depot sets $15 billion share buyback, investment plan
Dec 6th, 2:41pm
(Reuters) - Home Depot Inc announced a $15 billion share buyback plan on Wednesday and said it would invest in improving its stores to hit a $120...
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Servicing Expands, Origination Up at Caliber
Dec 6th, 1:08pm
Quarterly mortgage originations increased at Caliber Home Loans Inc., as did the size of its servicing portfolio. But the company reduced its...
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Second lawsuit filed challenging Mulvaney's appointment as CFPB Acting Director
Dec 6th, 1:03pm
Yesterday, the Lower East Side People’s Federal Credit Union filed a complaint in U.S. District Court for the Southern District of New...
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2018 Housing Forecasts
Dec 6th, 1:03pm
Towards the end of each year I collect some housing forecasts for the following year.  This is an update (I'll gather several more)....
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California fires force evacuation in exclusive L.A. area
Dec 6th, 1:03pm
LOS ANGELES (Reuters) - Southern California wildfires raged into an affluent Los Angeles neighborhood on Wednesday, forcing evacuations,...
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Senate poised for vote on tax bill negotiations with House
Dec 6th, 1:03pm
WASHINGTON (Reuters) - A top U.S. Senate Republican voiced optimism that congressional negotiators will reach a deal on a sweeping tax overhaul...
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FHA Endorsements Down, Delinquency Up
Dec 6th, 12:39pm
New monthly business at the Federal Housing Administration turned lower and is likely to recede even further. Reverse mortgage applications...
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Gig Workers Less Enthusiastic About Homeownership
Dec 6th, 11:31am
"Gig," a term that used to refer mostly to a musician's booking, is now being used to describe a whole sector of the U.S. economy.  Fannie...
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Thousands evacuated as California wildfires grow
Dec 6th, 10:58am
Wildfires rip through Southern California, causing...
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Las Vegas Real Estate in November: Sales up Slightly YoY, Inventory down 33%
Dec 6th, 9:49am
This is a key distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the...
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Mortgage Apps Accelerate, Refi Share at 3-Mth High
Dec 6th, 9:18am
Mortgage applications took off this past week, with refinances leading the way. As refinance share widened to a nearly three-month high,...
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U.S. unit labor costs decline for two straight quarters
Dec 6th, 9:15am
WASHINGTON (Reuters) - U.S. unit labor costs were much weaker than initially thought, declining both in the second and third quarters of this...
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ADP: Private Employment increased 190,000 in November
Dec 6th, 8:51am
From ADP: Private sector employment increased by 190,000 jobs from October to November according to the November ADP National Employment Report®....
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SunTrust CEO: We want regulations 'tailored to a bank's risk profile'
Dec 6th, 8:45am
William "Bill" Rogers, SunTrust chairman...
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MBS Day Ahead: This Week's Rally Further Stretches a Bond Market Slingshot
Dec 6th, 8:43am
Posted To: MBS CommentaryConsolidating, biding time, coiling, storing energy, etc... Over the years on MBS Live and elsewhere, you may have come...
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Q3 productivity up 3%
Dec 6th, 8:30am
CNBC's Rick Santelli breaks down the latest...
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Tech Products and a Flattening Yield Curve
Dec 6th, 8:17am
How long will venture capital firms enjoy being in a declining margin business like residential lending, historically dominated by individual,...
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Refi Demand Highest in Months Despite Fairly Flat Rates
Dec 6th, 7:34am
There was the usual post-holiday resurgence in the volume of mortgage applications last week, following a subdued level of activity the previous...
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Homeless Population Rises, Driven By West Coast Affordable-Housing Crisis
Dec 6th, 7:20am
It's the first time the number of homeless people has grown since 2010. In Los Angeles, homelessness is up by nearly 26 percent, fueled by high...
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Millennials Are Taking Over Real Estate—but They're Going Deeper Into Debt, Too
Dec 6th, 7:19am
Millennials are taking out the greatest share of new mortgages and buying up more homes in the lower price tiers-but they're taking on more debt...
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Private payrolls up 190,000; economist Zandi warns job market could 'overheat'
Dec 6th, 7:19am
Companies added 190,000 in November as the economy, according to ADP and Moody's Analytics....Read More
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Changes in tax law may prompt homeowners to move to other states
Dec 6th, 7:18am
In a survey, one-third said they would consider relocating if deductions were eliminated....Read More
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MBS RECAP: Bonds Rally After Weaker Start
Dec 5th, 4:35pm
Posted To: MBS CommentaryMuch like yesterday's session, today saw bond markets begin the day in slightly weaker territory only to rally into...
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Tax bill will make home prices plunge, says NJ congressman
Dec 5th, 4:13pm
The GOP tax overhaul plan will "kill" property values in New Jersey and raise taxes, Josh Gottheimer told CNBC....Read More
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Dalio Says End of SALT Deduction Will Further Divide Nation
Dec 5th, 4:13pm
Bloomberg Dalio Says End of SALT Deduction Will Further Divide Nation Bloomberg Billionaire Ray Dalio said the expected elimination of state and...
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CEOs don't expect to hire more, even as they expect sales to grow
Dec 5th, 4:12pm
Optimism abounds in the most recent measure of how CEOs view the economy, according to the Business Roundtable....Read More
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Court enters scheduling order in CFPB Acting Director dispute
Dec 5th, 4:11pm
Following a scheduling conference held earlier today, Judge Kelly entered an order setting a briefing schedule and hearing date for Laurena...
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Mortgage Rates Steady to Lower
Dec 5th, 3:58pm
Posted To: Mortgage Rate WatchMortgage rates were more intuitive today with most lenders keeping things unchanged at first. This matched the...
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Protests erupt on Capitol Hill over tax bill
Dec 5th, 2:15pm
CNBC's Ylan Mui reports from the Congressional...
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Senate Banking Committee marking up bill to ease bank regulations
Dec 5th, 2:14pm
CNBC's Kayla Tausche reports the latest on the...
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The Most Overvalued Housing Markets Aren't the Ones You'd Expect
Dec 5th, 2:13pm
With home prices reaching new heights, it may feel reminiscent of the housing crash. Another crisis is unlikely, but some housing markets may be...
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Trump says GOP tax plan is becoming 'more popular.' It is still deeply unpopular, polls sa
Dec 5th, 2:13pm
Public opinion polls give little support for Trump's beliefs about the Republican tax overhaul....Read More
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Cutting Principal Didn't Help Struggling Home Owners—but Here's What Did
Dec 5th, 2:12pm
Will findings from the foreclosure crisis be useful in underwriting new mortgages in the future? The post Cutting Principal Didn’t Help...
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Office Loans Lead Drop In CMBS Delinquency
Dec 5th, 1:20pm
Loan performance on securitized commercial real estate loans improved for the fifth consecutive month, with office loans faring best. But the...
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Trump meets with GOP senators at the White House to talk taxes, trade
Dec 5th, 12:56pm
CNBC's Eamon Javers reports on highlights from...
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Want That House? You'd Better Pay in Cash
Dec 5th, 12:51pm
Investors, downsizing baby boomers and millennials with parental assistance are helping to drive surge in all-cash deals ...Read More
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Blackstone's Schwarzman on tax reform: 'This is a whopper'
Dec 5th, 12:50pm
The private equity billionaire says the tax reform working its way through Capitol Hill will be a game changer....Read More
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Nationstar Settles Alleged Interest Overcharges
Dec 5th, 12:31pm
Nationstar Mortgage LLC has agreed to a more than $9 million settlement that resolves allegations it overcharged borrowers for interest and...
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CIT Settles With Ocwen
Dec 5th, 12:31pm
The banking subsidiary of CIT Group Inc. has agreed to settle claims by the servicing subsidiary of Ocwen Financial Corp. that it should have been...
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Flood Insurance Program Set to Expire Friday
Dec 5th, 12:04pm
The real estate industry is concerned that a possible lapse in the National Flood Insurance Program could roil real estate markets in flood-prone...
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Market and economy no longer climbing the wall of worry?
Dec 5th, 11:20am
CNBC's Mike Santoli discusses how the market...
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Consumer Bankruptcies Rise From Year Earlier
Dec 5th, 10:53am
While the number of consumers who sought relief from their liabilities improved on a month-over-month basis, consumer bankruptcies turned higher...
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Freddie Mac December Insight
Dec 5th, 10:42am
Freddie Mac December Insight...Read More
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Trade Deficit at $48.7 Billion in October
Dec 5th, 10:21am
From the Department of Commerce reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce,...
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Senate Banking Committee advances Jerome Powell nomination
Dec 5th, 10:00am
CNBC's Steve Liesman reports that Jerome...
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Entry-Level Homes Driving Price Appreciation
Dec 5th, 9:58am
Posted To: MND NewsWireCoreLogic said on Tuesday that home prices rose in October by 0.9 percent compared to September and were 7.0 percent higher...
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Final tax reform bill to be closer to Senate version than House: Goldman Sachs chief economist
Dec 5th, 9:39am
Jan Hatzius, Goldman Sachs chief economist,...
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Nonmanufacturing ISM at 57.4 in November
Dec 5th, 9:39am
CNBC's Rick Santelli reports the latest read on...
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Key Senate panel recommends Jerome Powell for Federal Reserve chair
Dec 5th, 9:23am
The Senate Banking Committee on Tuesday approved Fed Governor Jerome Powell to take over as chair of the central bank....Read More
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ISM non-manufacturing index hits 57.4 in November, vs. 59 estimate
Dec 5th, 9:04am
Economists polled by Reuters expected non-manufacturing economic activity to shrink slightly in November....Read More
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Confidence in the U.S. Economy Remains Relatively Strong
Dec 5th, 8:41am
Americans' views about the economy remained comparatively strong last week, with Gallup's U.S. Economic Confidence Index at +9....Read More
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Bonds Are Telling US Stock Bulls to Temper Their Enthusiasm
Dec 5th, 8:22am
Bloomberg Bonds Are Telling US Stock Bulls to Temper Their Enthusiasm Bloomberg A seemingly bullish backdrop for U.S. stocks starts to disappear...
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MBS Day Ahead: For Bonds, Year-End is Looking Like One Big November
Dec 5th, 8:20am
Posted To: MBS CommentaryA sideways range with higher lows and lower highs... The risk of p eriodic volatility regardless of economic data's...
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Freddie and Fannie Changes from Agencies, Investors, and Lenders
Dec 5th, 8:19am
It’s good to keep things in perspective, and here’s some Tuesday trivia. Today, 2 billion adults around the world remain without a...
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The Geography of Homes Built on Private Wells and with Individual Septic Systems in 2016
Dec 5th, 7:52am
NAHB Economics analysis of the Survey of Construction (SOC) data shows that less than 9% of new single-family homes started in 2016 are served by...
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Final GOP tax bill will likely scrap Obamacare individual mandate, top House tax writer Brady says
Dec 5th, 7:52am
Kevin Brady said he believes House and Senate Republicans will scrap Obamacare's individual mandate in their final tax bill....Read More
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US trade deficit rises to 9-month high in October
Dec 5th, 7:52am
The U.S. trade deficit increased more than expected in October....Read More
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JP Morgan Asset Management: Tax reform can help but not stave off end of economic cycle
Dec 5th, 7:52am
Nandini Ramakrishnan of J.P. Morgan Asset...
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Stifel: Tax reform effect pulling some of 2018's expected market gains into end of 2017
Dec 5th, 7:52am
Hans Olsen of Stifel expects any major pop...
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South Florida Real Estate Boom Not Dampened By Sea Level Rise
Dec 5th, 7:15am
Coastal cities are flooding more as sea levels rise faster and faster. But none of that is slowing real estate development in low-lying areas such...
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Survey: Many first-time home buyers lack basic knowledge about mortgages
Dec 5th, 7:05am
TOWN SQUARE | The FreeandClear.com poll shows borrowers have misconceptions about down payments and Fannie Mae....Read More
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U.S. tax bill adds to debt need as interest costs weigh
Dec 5th, 7:05am
(Reuters) - A U.S. tax overhaul will increase the government's need to issue more Treasuries as interest costs on the country's debt become a...
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What's at Stake in the Fight Over the CFPB
Dec 5th, 7:04am
It can be hard to fathom just how intertwined Americans' lives are with the country's financial industry. About 178 million Americans have at...
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Wave of Mortgage Executive Appointments
Dec 4th, 4:33pm
From the board room to the C-Suites to the executive suites, home lending organizations have recently been busy appointing, recruiting and...
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MBS RECAP: Bonds Push Back After Weaker Start on Tax Bill Passage
Dec 4th, 4:01pm
Posted To: MBS CommentaryFriday evening brought the passage of the Senate's version of the tax bill. It now moves to a joint session for...
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Mortgage Rates Steady to Higher, Depending on Lender
Dec 4th, 3:17pm
Mortgage rates were distinctly mixed today, with some lenders clearly moving higher while others were effectively unchanged.  The...
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Year-end moves for homeowners looking to get ahead of tax reform
Dec 4th, 3:01pm
With tax reform potentially changing the tax treatment of homeownership, there are some strategies you can use for 2017 to minimize your tax...
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Q4 GDP Forecasts
Dec 4th, 3:01pm
From the Altanta Fed: GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.5...
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60-Day Delinquency Rate Doubles in Hurricane-Impacted Areas
Dec 4th, 2:11pm
Posted To: MND NewsWireIn its Mortgage Monitor for September, Black Knight outlined the first wave of mortgage delinquencies that appeared to be...
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Trump to Meet With Democrats, GOP Thursday for Budget Talks
Dec 4th, 1:42pm
Bloomberg Trump to Meet With Democrats, GOP Thursday for Budget Talks Bloomberg House Minority Leader Nancy Pelosi and Senate Minority Leader...
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How Well Do You Know Real Estate? Time to Find Out
Dec 4th, 1:41pm
Real estate is an important component of the U.S. and global economies. For many Americans, homeownership doubles as a first investment. How much...
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Freddie Mac Statement on Single Security Initiative and Common Securitization Platform
Dec 4th, 1:40pm
Freddie Mac Statement on Single Security Initiative and Common Securitization Platform...Read More
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Guaranteed Rate Sues Former Executive
Dec 4th, 12:30pm
A lawsuit has been filed against a former executive of Guaranteed Rate Mortgage for allegedly conspiring to recruit a group of employees for a...
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Here are the big differences in the House and Senate versions of the tax bill
Dec 4th, 12:24pm
CNBC's Ylan Mui reports on the big differences...
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Billionaire political activist Tom Steyer rips GOP tax plan
Dec 4th, 12:23pm
Billionaire political activist Tom Steyer feels the...
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Pacific Union Adding Hundreds of Texas Jobs
Dec 4th, 12:06pm
Hundreds of new jobs planned for a new location in Texas will generate hundreds of thousands of dollars in tax and fee rebates for Pacific Union...
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Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-070
Dec 4th, 11:47am
Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-070...Read More
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Ocwen Agrees to Settlement With Investor
Dec 4th, 11:41am
A settlement has been reached between Ocwen Financial Corp. and an investment fund that is located in the Northeast.The lawsuit was originally...
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Ag Workers Impacted By Fire Receive Housing Support
Dec 4th, 11:27am
SANTA ROSA, Calif., Dec. 4, 2017 /PRNewswire/ -- More than 150 agricultural workers and their families from Sonoma County who were displaced by...
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Monthly HECM Endorsements Increase
Dec 4th, 11:25am
Federally insured reverse mortgage production moved higher both on a month-over-month basis and on a year-over-year basis.Federal Housing...
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Markets see major rotations as tax reform fuels rally
Dec 4th, 11:23am
CNBC's Bob Pisani reports on the stock market...
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English to seek preliminary injunction in CFPB Acting Director dispute
Dec 4th, 11:00am
Leandra English has filed a Proposed Schedule confirming that she plans to file a motion for a preliminary injunction in her action for...
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Here are the tax plan differences the House and Senate still need to figure out
Dec 4th, 10:43am
If House and Senate Republicans agree on a final tax bill and pass it, Trump can sign it into law....Read More
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Durable goods orders down 0.8% in October
Dec 4th, 9:49am
CNBC's Rick Santelli explains the numbers for...
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How the financial crisis affected Millennials, 10 years later
Dec 4th, 9:20am
When the financial crisis hit ten years ago, Millennials weren't affected as much as Baby Boomers or Gen Xers were....Read More
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Tax Bill Housing Impact Worse than You Thought (Maybe)
Dec 4th, 8:51am
Posted To: MND NewsWireBlack Knight, (which has just rebranded itself, dropping "Financial Services from its name), has released an especially...
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MBS Day Ahead: Bonds Defensive as Tax Bill 2 Week Countdown Begins
Dec 4th, 8:48am
Posted To: MBS CommentaryAs expected, the Senate passed its version of the tax bill on Friday evening (the passage being the expected part, not...
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Tax Proposals; Upcoming Events; G-Rate/Bemortgage Hiring Lawsuit
Dec 4th, 8:20am
Posted To: Pipeline PressLenders in the Courts In yet again another lesson about not putting all your retirement money in one basket (think WAMU,...
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Fed rate hike expected next week, three hikes expected in 2018: Reuters poll
Dec 4th, 8:02am
BENGALURU (Reuters) - The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of...
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Sprint to the finish for tax reform
Dec 4th, 7:32am
CNBC's Ylan Mui breaks down the late-night...
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McConnell optimistic of tax bill deal between Senate and House
Dec 4th, 7:21am
WASHINGTON (Reuters) - U.S. Senate Republican leader Mitch McConnell said on Sunday that he is optimistic the Senate and House of Representatives...
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California becomes ground zero in the US's affordable housing crunch and gentrification debate
Dec 4th, 7:21am
Housing shortages in US cities is spurring developers to gentrify neighborhoods like Berkeley, California. It is sparking outrage....Read More
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European Bonds Slide Along With Treasuries on US Tax Reform
Dec 4th, 7:18am
Bloomberg European Bonds Slide Along With Treasuries on US Tax Reform Bloomberg European government bonds dropped alongside Treasuries after the...
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MBS RECAP: Tax Bill Overshadowed by Flynn Headlines
Dec 1st, 6:49pm
After a day of diffuse inspiration from several competing market movers yesterday, we ended up with far more focus today.  That wasn't...
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Refis Lead Recovery in Weekly Mortgage Business
Dec 1st, 5:51pm
New residential lending activity during the past seven days took a big leap from the holiday week. Leading the week-over-week improvement was...
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The only reason Mueller made a deal with Flynn is info on higher-ups: Larry Sabato
Dec 1st, 2:52pm
Larry Sabato, University of Virginia Center for...
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Jared Kushner is the very senior official in Michael Flynn's statement
Dec 1st, 2:52pm
CNBC's Eamon Javers reports the latest on...
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Fannie's Multifamily Lates Climb to 7-Month High
Dec 1st, 2:37pm
Monthly secondary marketing activity at the Federal National Mortgage Association turned lower. In its commercial business, delinquency...
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Mortgage Rates Recover After Flynn Headlines
Dec 1st, 2:33pm
Posted To: Mortgage Rate WatchMortgage rates were at their highest levels in roughly 1 month as of yesterday afternoon. That ran counter to many...
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Markets grapple with tug-of-war between tax cuts and Trump's legal woes
Dec 1st, 1:45pm
Tax cuts duke it out with Trump's legal problems for control over the stock market's momentum....Read More
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Potential Fed nominee El-Erian offers praise for 'beautiful normalization' of policy
Dec 1st, 1:44pm
Mohamed El-Erian, rumored in line for a top job at the Fed, praised the central bank Friday for navigating its way out of crisis-era monetary...
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Walter Investment Files Bankruptcy
Dec 1st, 1:10pm
Walter Investment Management Corp. has filed for bankruptcy as expected. The company hopes to wipe out nearly $1 billion in outstanding debt.On...
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Stocks slash losses as tax bill vote gains momentum
Dec 1st, 1:07pm
CNBC’s Bob Pisani provides the latest market...
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Read: Michael Flynn's plea agreement and how he lied to FBI
Dec 1st, 12:00pm
The former national security advisor is now cooperating with a probe into Trump campaign contacts with Russians....Read More
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8-Year Low for CMBS Delinquency
Dec 1st, 11:47am
A big drop in late payments on securitized commercial real estate loans left the rate at a more than eight-year low. Hotel loans had the largest...
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Flynn has promised special counsel 'full cooperation' in Russia probe: Source
Dec 1st, 11:38am
Flynn has promised special counsel 'full cooperation' in Russia probe: Source ...Read More
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Fed's Bullard Warns Yield Curve May Invert in a 'Bearish' Sign
Dec 1st, 11:24am
Bloomberg Fed's Bullard Warns Yield Curve May Invert in a 'Bearish' Sign Bloomberg Federal Reserve Bank of St. Louis...
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Treasurys on the move on Michael Flynn case fears
Dec 1st, 11:02am
CNBC's Rick Santelli reports on the state of...
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Wall Street drops on ABC report on Russia probe
Dec 1st, 10:35am
(Reuters) - U.S. stocks fell sharply on Friday after ABC News reported former U.S. national security adviser Michael Flynn was prepared to testify...
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Residential Dollars Behind Much of Construction Spending Gains
Dec 1st, 10:33am
Posted To: MND NewsWireConstruction expenditures so far this year continue to run ahead of what was spent in 2016, with private construction...
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Wells Fargo Could Face OCC Cease-and-Desist Order
Dec 1st, 10:26am
Wells Fargo & Co. has reportedly been warned by the Office of the Comptroller of the Currency that it could face a cease-and-desist order for...
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The Great American Single-Family Home Problem
Dec 1st, 10:03am
Building more housing, more densely, could help address a widespread economic challenge. A fight over one lot in Berkeley, Calif., shows how tough...
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ISM manufacturing index at 58.2 in November
Dec 1st, 9:52am
CNBC's Rick Santelli reports the latest read on...
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Fed should raise interest rates in near future, Kaplan says
Dec 1st, 9:45am
Robert Kaplan said the Fed should raise rates in December, due to high employment and upward inflation pressure....Read More
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Freddie Leads Agency MBS Issuance Higher
Dec 1st, 9:16am
Freddie Mac was out front of a month-over-month ascension in the issuance of agency mortgage-backed securities. It was a different story for...
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ISM manufacturing index hits 58.2 in November; construction spending up 1.4% in October
Dec 1st, 9:07am
Economists expected economic activity for the manufacturing sector to fall in November, while construction spending was forecast to rise in...
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Big day on Capitol Hill as GOP push for tax reform
Dec 1st, 8:57am
CNBC's Ylan Mui reports Republicans have won...
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CBOE: Bitcoin futures listing by end of the year
Dec 1st, 8:57am
Barry Silbert, Digital Currency Group, talks about...
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Fed's Bullard: 'Material risk' of yield curve inversion late next year
Dec 1st, 8:53am
St. Louis Fed James Bullard warned of a "bearish signal" in the economy if the Fed continues raising interest rates....Read More
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Fannie Mae's October Volume Edges Higher
Dec 1st, 8:51am
Posted To: MND NewsWireFannie Mae's Book of Business increased at a compounded annual rate of 1.6 percent in October, to a value of $3.200...
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We must make sure home values are not 'damaged' by the tax bill: NAHB CEO
Dec 1st, 8:27am
Jerry Howard, National Association of Home Builders...
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NAHB CEO: GOP is interested in our demands on the tax bill—nobody wants a housing recession
Dec 1st, 8:22am
The NAHB's CEO is more upbeat after tax talks with House Speaker Paul Ryan and Rep. Kevin Brady....Read More
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Servicing Deals; Yield Curve and LIBOR News; Chinese and US Securities
Dec 1st, 8:21am
Posted To: Pipeline PressDecember already? There are all kinds of scurrilous M&A rumors out there, or of rumors about companies going belly...
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MBS Day Ahead: Glimmer of Bond Market Hope Ahead of The Inevitable
Dec 1st, 8:20am
The extent to which the tax bill is "inevitable" remains to be seen, but at the moment, financial markets are still treating it as "highly...
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CME says it's launching bitcoin futures on Dec. 18
Dec 1st, 7:33am
CME announced Friday its new bitcoin futures contract will be available for trading on December 18....Read More
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The Neverending Foreclosure
Dec 1st, 7:26am
GLENDORA, California-In retrospect, refinancing their home was a bad idea. But the Santillan family never thought that it would lead them to...
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Senate tax bill stumbles on deficit-focused 'trigger'
Dec 1st, 7:23am
WASHINGTON (Reuters) - A Republican tax overhaul stalled on a procedural issue in the U.S. Senate on Thursday, forcing lawmakers to weigh new...
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Trump reportedly says government shutdown might be good for him
Dec 1st, 7:23am
President Donald Trump has told confidants a shutdown of the federal government would be positive for him politically as would taking a tough...
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Politico: Tax reform delay more a hiccup than a slowdown
Dec 1st, 7:18am
Politico's Ben White says work on the Senate...
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Mortgage Rates Retreat But Could Climb
Nov 30th, 4:42pm
A modest improvement was recorded for fixed rates on single-family loans this past week. But fixed rates are poised for a sharp ascension next...
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MBS RECAP: Bonds Dragged Into Danger Zone Ahead of Tax Vote
Nov 30th, 3:55pm
Posted To: MBS CommentaryAs discussed in detail in the daily video on MBS Live , today's bond market weakness was multifaceted , to say the...
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Mester Joins Powell Seeing Case Building for December Fed Hike
Nov 30th, 3:42pm
Bloomberg Mester Joins Powell Seeing Case Building for December Fed Hike Bloomberg Federal Reserve Bank of Cleveland President Loretta Mester said...
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Fannie Mae Releases October 2017 Monthly Summary ...
Nov 30th, 3:41pm
News Release. Share This: November 30, 2017. Fannie Mae Releases October 2017 Monthly Summary. Matthew Classick. 202-752-3662. ......Read More
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Senate tax bill would raise GDP 0.8% over 10 years, says Joint Tax Committee
Nov 30th, 3:35pm
CNBC's Ylan Mui reports the results of...
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CRE Loan Performance Improves
Nov 30th, 3:22pm
Quarterly delinquency on commercial real estate loans retreated for most investor types. Commercial mortgages owned by financial institutions...
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Mortgage Rates Hit 1-Month Highs
Nov 30th, 3:12pm
Posted To: Mortgage Rate WatchThere are several news stories out today that reference LOWER rates this week. These all rely on stale survey data...
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Senate tax bill would pay for less than half of proposed cuts, congressional analysis says
Nov 30th, 2:54pm
The Senate tax plan would add more than $1 trillion to federal deficits even after the effects of economic growth....Read More
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House resorting to series of temporary funding bills
Nov 30th, 1:54pm
WASHINGTON (Reuters) - The U.S. House of Representatives, still struggling to reach a deal with the Senate on funding the government for the...
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House working on stop gap to extend government funding
Nov 30th, 12:44pm
CNBC's Ylan Mui reports on the House preparing...
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Dow tops 24,000 as tax bill garners crucial support
Nov 30th, 12:35pm
(Reuters) - The Dow Jones Industrial Average broke the 24,000 mark for the first time on Thursday and other Wall Street indexes rallied on strong...
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Earnings Improve at Mortgage Servicers
Nov 30th, 12:20pm
Mortgage servicers saw a solid improvement in quarterly earnings. Behind the rise were higher servicing fees and lower losses on mortgage...
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Mortgage Production Profits Sink
Nov 30th, 12:09pm
While home lenders experienced an increase in average origination fees, quarterly net income still was down. Secondary marketing income drove...
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Fed's Quarles warns of 'serious financial stability issues' from cryptocurrencies
Nov 30th, 11:36am
Fed's Quarles warns of 'serious financial stability issues' from...
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Loan Production Expenses Hurt Bank Profits
Nov 30th, 11:29am
Posted To: MND NewsWireMortgage bank profits declined in the third quarter of 2017 when compared to the second quarter, but remained substantially...
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Appraisal Industry Innovations
Nov 30th, 11:12am
Recent innovations in the home valuation industry include improvements to the appraisal review process, appraiser performance measurement and...
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Hotel Occupancy Rate Increased Year-over-Year, On Pace for Record Year
Nov 30th, 10:58am
From HotelNewsNow.com: STR: US hotel results for week ending 25 November The U.S. hotel industry reported positive year-over-year results in the...
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Hutchins Roundup: Student loan nudges, slow productivity growth and interest rates, and more
Nov 30th, 10:29am
Studies in this week's Hutchins Roundup find that a nudge increased student borrowing and raised educational attainment, slow productivity growth...
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McCain will support Senate tax bill, boosting its chances of passage
Nov 30th, 10:06am
Sen. John McCain will back the Senate tax bill, increasing the plan's chances of clearing the Senate by Friday....Read More
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November Chicago PMI 63.9 vs. 63.0 est.
Nov 30th, 9:28am
CNBC's Rick Santelli reports the...
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Pay your rent with bitcoin. Here's how it works
Nov 30th, 9:16am
CNBC's Diana Olick reports on a new offering...
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Mortgage Rates Inch Lower
Nov 30th, 9:03am
Mortgage Rates Inch Lower...Read More
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Are New Loan Limits Already At Risk?
Nov 30th, 8:57am
The issue of Fannie Mae and Freddie Mac and their about-to-be-zero capital buffers has fallen off the radar in recent months, but apparently there...
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US weekly jobless claims total 238,000, vs 240,000 expected
Nov 30th, 8:47am
The number of Americans filing for unemployment benefits fell last week, dropping for a second straight week as labor market conditions tightened...
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MBS Day Ahead: Bonds on Edge as Tax Vote Could Come At Any time
Nov 30th, 8:40am
Bonds are beginning the day in roughly unchanged territory, but that's not a good thing as far as the bigger picture is concerned. ...
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Growth Rate for Residential Construction Loans Picks Up
Nov 30th, 8:38am
The volume of residential construction loans increased by 2.4% during the third quarter of 2017, marking 18 consecutive quarters of growth....
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Personal Income increased 0.4% in October, Spending increased 0.3%
Nov 30th, 8:38am
The BEA released the Personal Income and Outlays report for October: Personal income increased $65.1 billion (0.4 percent) in October according to...
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Lender Survey of Issues; Servicing News and Primer - Values Matter
Nov 30th, 8:18am
Posted To: Pipeline PressIn non-residential news, just because people have to eat doesn’t mean every grocery store chain thrives. There is...
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CEO of real estate giant CBRE Group says corporate tax reform will 'help our business grow'
Nov 30th, 7:29am
Jim Cramer tapped into the latest developments at...
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Investors eyeing potential rate hikes
Nov 30th, 7:28am
Joe Lavorgna of Natixis gives his take on potential...
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Mortgage Industry Panics Over Obscure Provision in Senate Tax Bill
Nov 30th, 7:27am
Bloomberg Mortgage Industry Panics Over Obscure Provision in Senate Tax Bill Bloomberg The mortgage industry is panicking over a provision in the...
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Senate takes step toward passage of tax bill, vote likely this week
Nov 30th, 7:25am
WASHINGTON (Reuters) - The U.S. Senate on Wednesday took a step toward passage of tax legislation that is a top White House priority, setting up a...
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Policy Mistakes
Nov 30th, 7:25am
Over the last 20 years or so, we've seen several policy mistakes. The worst, of course, was the decision to invade Iraq (I opposed the Iraq war,...
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Cash Will Be King Again in 2018, Dethroning Government Bonds
Nov 30th, 7:24am
Bloomberg Cash Will Be King Again in 2018, Dethroning Government Bonds Bloomberg Cash around the world is set to outperform government bonds from...
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MBS RECAP: First Big Move For Bonds Following Weeks of Consolidation
Nov 29th, 5:39pm
Posted To: MBS CommentaryBond markets began domestic hours only slightly weaker, but that didn't last. Milliseconds into the 8am hour, we saw...
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Advertising Options for Mortgage Loan Originators
Nov 29th, 4:21pm
Loan originators have multiple marketing services they can turn to for help in raising their profiles. One lender has hired an advertising firm,...
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November Home Sales Increased Slightly
Nov 29th, 3:21pm
Ten-X has released its latest Ten-X Residential Real Estate Nowcast which indicates existing home sales will increase slightly in November....
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Corker's 'trigger' plan risks chopping tax cut in half — analyst
Nov 29th, 2:40pm
Strategas said the "trigger" proposed by Sen. Bob Corker to limit deficits from the tax bill could reduce the tax cut....Read More
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Redfin Housing Demand Index Dipped 1.7 Percent from September to October; Still 26.6 Percent Higher
Nov 29th, 2:39pm
The Redfin Housing Demand Index fell 1.7 percent from 137 in September to 134 in October. Still, the Demand Index increased 26.6 percent year over...
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Senate tax bill will reportedly raise pass-through deduction to 20%
Nov 29th, 2:39pm
The change appears to be designed to earn support from Sens. Ron Johnson, R-Wis., and Steve Daines, R-Mont....Read More
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Mortgage Rates Bounce to 2-Week Highs
Nov 29th, 2:14pm
Mortgage rates moved higher today, with most lenders quoting their highest rates in at least 2 weeks.  But before you let that...
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Tax bill fight brewing over 'fiscal trigger' among Republicans
Nov 29th, 1:34pm
CNBC's Ylan Mui reports on the facets of the...
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The rate playbook
Nov 29th, 1:34pm
The "Futures Now" trades discuss how to...
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Fed should continue to raise rates slowly, Williams says
Nov 29th, 1:23pm
PHOENIX (Reuters) - With falling U.S. unemployment expected to put upward pressure on inflation, the Federal Reserve should keep raising interest...
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Fed says economic activity continues to increase at modest pace, with slight improvement in outlook
Nov 29th, 1:23pm
The U.S. central bank released its periodic report on the health of the US economy Wednesday....Read More
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New Mortgages Allow Renters to Buy With Tiny Down Payments
Nov 29th, 1:20pm
A new mortgage offering aims to help renters looking to buy their first homes and struggling to come up with a down payment. The post New...
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Janet Yellen: Important to move policy rate gradually
Nov 29th, 12:05pm
CNBC's Steve Liesman reports the latest...
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Rents Consume Increasingly Larger Percentage of Incomes
Nov 29th, 11:59am
Rents Consume Increasingly Larger Percentage of Incomes...Read More
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Senate to vote Wednesday on opening debate on tax bill
Nov 29th, 11:47am
WASHINGTON (Reuters) - The U.S. Senate will vote later Wednesday on whether to begin debate on a Republican tax bill, Senate Majority Leader Mitch...
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Warehouse Lender to Accept Digital Notes
Nov 29th, 11:46am
A change in one warehouse lender's funding process through the utilization of digital notes is expected to speed up the mortgage funding process...
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New Business Jumps to 2017 High at Freddie
Nov 29th, 11:09am
It's been nearly a year since secondary mortgage activity at the Federal Home Loan Mortgage Corp. was as strong as it was last month.At the end of...
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Yellen Says US Expansion Widening as Financial Risks Muted
Nov 29th, 11:07am
Yellen Says US Expansion Widening as Financial Risks Muted Bloomberg Federal Reserve Chair Janet Yellen, in what may be her last appearance before...
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Bank Misled Borrowers About Discount Points
Nov 29th, 10:46am
Regulatory action has been taken against a Midwest bank for charging discount points on mortgages without commensurately lowering the rates. The...
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Yellen: $20 trillion national debt 'should keep people awake at night'
Nov 29th, 10:32am
With Congress wrestling over a tax reform plan, Federal Reserve Chair Janet Yellen said also is concerned over the surging level of public...
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Fed Chair Janet Yellen: Rates have to raise to prevent 'boom-bust' economy
Nov 29th, 9:38am
Federal Reserve Chair Janet Yellen said the central bank is concerned with letting growth get out of hand so is committed to continuing to raise...
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October pending home sales up 3.5%
Nov 29th, 9:29am
CNBC's Diana Olick reports the latest read on...
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Pending Home Sales Rebound, Beating Expectations
Nov 29th, 9:19am
Posted To: MND NewsWirePending home sales posted their first strong showing in three months in October, beating even the most optimistic of...
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Purchases Up Despite Holiday Slump in Mortgage Apps
Nov 29th, 9:15am
Although overall applications for home loans diminished in the week that included Thanksgiving, applications for loans to finance home purchases...
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Federal Reserve starting to think about its own digital currency, Dudley says
Nov 29th, 9:03am
New York Fed President William Dudley said that the Fed is exploring the idea of its own digital currency, according to reports from Dow...
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Yellen Says Economic Expansion Has Gained Strength
Nov 29th, 8:46am
Janet L. Yellen, the Federal Reserve chairwoman, told Congress that economic growth broadened in recent months, but could be doing better....Read More
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HUD Cries "Foul" on Travel Expenses; UDAAP Ruling on Discount Points
Nov 29th, 8:26am
Posted To: Pipeline PressLenders everywhere are facing a basic dilemma: Diminished volumes and leaving profit margins alone, or reducing profit...
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MBS Day Ahead: Starting Out at a Disadvantage; Yellen Still Matters
Nov 29th, 8:11am
Posted To: MBS CommentaryRight at the start of trading today, bonds took a hit from Fed comments. Although she's soon to be replaced, Janet...
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Yellen: Gradual rate increase appropriate
Nov 29th, 7:46am
CNBC's Steve Liesman provides highlights ahead...
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Purchase Activity Up Slightly Despite Shorter Week
Nov 29th, 7:45am
Posted To: MND NewsWireThe short business week preceding the Thanksgiving holiday resulted, as usual, in fewer mortgage applications. The Mortgage...
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Peak California? Golden State's Housing Markets Begin to Stall
Nov 29th, 7:40am
Peak California? Golden State's Housing Markets Begin to Stall...Read More
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What Janet Yellen's testimony on Wednesday means for the market
Nov 29th, 7:40am
One foreign exchange strategist is watching Yellen's remarks for their implications across asset classes....Read More
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Fed Chair Janet Yellen calls on Congress to adopt policies to stimulate economic growth
Nov 29th, 7:40am
Fed Chair Janet Yellen called on Congress to adopt policies that will get U.S. economic growth out of its "disappointingly slow"...
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These Real Estate Trends Will Be Game-Changers in 2018
Nov 29th, 7:40am
From housing inventory to price appreciation to generational and regional shifts, these are the top trends that will shape real estate markets in...
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Freddie Mac Issues Monthly Volume Summary for October 2017
Nov 29th, 7:40am
Freddie Mac Issues Monthly Volume Summary for October 2017...Read More
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Judge Rules in Favor of Trump in CFPB Dispute
Nov 29th, 7:40am
An attempt by an Obama-era official to stop the Trump administration from appointing an interim director at the Consumer Financial Protection...
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loanDepot Reports Rise in Originations, Servicing
Nov 28th, 4:38pm
New business was higher during the most recent quarter at loanDepot LLC. In addition, an increase was reported for both its loan servicing...
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MBS RECAP: Bonds Hold Steady as Stocks Soar
Nov 28th, 4:04pm
Posted To: MBS CommentaryStocks broke out in a big way today--a fact that may make the relatively 'unchanged' bond market performance more...
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Mortgage Rates Improve Slightly Despite Market Volatility
Nov 28th, 3:47pm
Posted To: Mortgage Rate WatchMortgage rates improved modestly today as markets digested tax bill headlines and the confirmation hearing for new...
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Home Depot shares hit all-time high as housing momentum swells, company advances mobile initiatives
Nov 28th, 3:45pm
Home Depot shares reached an all-time high of $176.77 by Tuesday afternoon....Read More
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Zillow Case-Shiller Forecast: More Solid House Price Gains in October
Nov 28th, 3:45pm
The Case-Shiller house price indexes for September were released this morning. Zillow forecasts Case-Shiller a month early, and I like to...
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Senate Budget Committee advances tax bill
Nov 28th, 3:45pm
CNBC's Ylan Mui reports that the Senate Budget...
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Fed Chair Nominee Powell gives dovish testimony on Capitol Hill
Nov 28th, 3:45pm
Greg Ip, Wall Street Journal chief economics...
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Wells Fargo overcharged business customers, says WSJ
Nov 28th, 3:45pm
CNBC's Wilfred Frost takes a look at the latest...
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Senators Join Rally Against CFPB's Acting Director
Nov 28th, 3:34pm
Calling President Donald J. Trump's appointment of an acting director at the Consumer Financial Protection Bureau illegal, two senators --...
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A Third of Homebuyers Will Consider Moving to Another State if SALT Deductions Are Eliminated
Nov 28th, 3:03pm
Redfin surveyed nearly 900 homebuyers to understand how tax reform could impact their homebuying plans. The post A Third of Homebuyers Will...
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Senate tax drama intensifies; Democrats pull out of Trump meeting
Nov 28th, 3:03pm
WASHINGTON (Reuters) - President Donald Trump's push for tax cuts hit new turbulence on Tuesday, with Democrats abruptly pulling out of a planned...
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Trader bets on a December rate rally
Nov 28th, 1:38pm
Trading Treasuries now. The Fed's next move,...
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Surprising outcomes in the bond markets as 7-Year notes are up for auction
Nov 28th, 1:38pm
CNBC's Rick Santelli tracks the latest...
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U.S. budget chief Mulvaney says CFPB staff should 'disregard' deputy director: memo
Nov 28th, 1:36pm
WASHINGTON (Reuters) - U.S. budget chief Mick Mulvaney on Tuesday told staff at the Consumer Financial Protection Bureau to "disregard"...
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FHFA Raises Conforming Loan Limit to $453k
Nov 28th, 1:35pm
Loan limits were frozen in place at $417,000 for 10 long years after the housing bust, but were finally raised on January 1 of this year. ...
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Fastest Growing Home Lender Cutting Maryland Jobs
Nov 28th, 12:48pm
A mortgage banking firm that recently ranked as one of the nation's fastest-growing companies has advised dozens of Maryland employees that they...
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Tax reform rush and shutdown threat make for a messy December in Washington
Nov 28th, 12:40pm
A Republican tax bill, a government shutdown deadline and more funding for natural disaster relief all need addressing in December....Read More
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Bigger Increase in Conforming Limit for 2018
Nov 28th, 11:52am
After being raised for the first time in more than a decade, next year's conforming loan limit has been lifted by nearly $30,000 -- far more than...
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Federal Reserve Nominee Sees Continuity if Confirmed
Nov 28th, 11:41am
Jerome H. Powell, nominated to be the Fed's next chairman, told senators he would continue the bank's current path of monetary and regulatory...
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Jerome Powell: It's important that we achieve our 2-percent inflation target
Nov 28th, 11:30am
At his testimony in front of the Senate Banking,...
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Home Price Gains Begin to Slow
Nov 28th, 11:20am
Home price indices continued to rise during the most-recent month. But one HPI indicated the rate of increase is slowing, while a forecast has a...
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You Will Never Guess Where Home Prices Are Shooting Up the Most
Nov 28th, 11:19am
The median home price of a single-family home in this city jumped 12.9% year-over-year in September, according to a recent report. The post You...
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Jerome Powell: Wages aren't signalling an overheating economy
Nov 28th, 10:45am
At his testimony in front of the Senate Banking,...
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Fed chair nominee Powell says case for rate hike 'coming together'
Nov 28th, 10:16am
(Reuters) - The U.S. Federal Reserve is likely to raise interest rates again next month, Fed chair nominee Jerome Powell signaled on...
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Consumer confidence index marks 17-year high
Nov 28th, 10:14am
CNBC's Rick Santelli reports the latest read on...
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FHFA Announces Maximum Conforming Loan Limits for 2018
Nov 28th, 10:07am
Fannie Mae and Freddie Mac Baseline Limit Will Increase to $453,100 ...Read More
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Richmond Fed: "Fifth District Manufacturing Activity Saw Robust Growth in November"
Nov 28th, 9:57am
From the Richmond Fed: Fifth District Manufacturing Activity Saw Robust Growth in November Manufacturing firms reported robust growth in November,...
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Jerome Powell: We must retain the flexibility to adjust our policies
Nov 28th, 9:43am
Federal Reserve Chair Nominee Jerome Powell...
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Fed nominee Powell backs 'tailoring' regulations to ease up on small banks
Nov 28th, 9:38am
President Donald Trump nominated Jerome Powell to take over as Federal Reserve chairman when Janet Yellen's term expires in February....Read More
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Home Price Gains "Appear Unstoppable"
Nov 28th, 9:35am
In October, David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices, said home price increases "appear...
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Consumer confidence hits 129.5 in November vs expectation of 124
Nov 28th, 9:10am
Consumer optimism was expected to taper slightly in November, after recording historic highs in October....Read More
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Case-Shiller: National House Price Index increased 6.2% year-over-year in September
Nov 28th, 8:56am
S&P/Case-Shiller released the monthly Home Price Indices for September ("September" is a 3 month average of July, August and...
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MBS Day Ahead: The Waiting Continues
Nov 28th, 8:28am
Not much will be able to change about the recent analysis until markets actually make a move.  In a nutshell, the recent analysis holds...
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Why the CFPB showdown threatens the independence of financial regulators
Nov 28th, 8:25am
Rarely does financial regulation resemble a Mad Max movie, but two people are claiming to be Acting Director of the Consumer Financial Protection...
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Here's what to expect from Fed nominee Jerome Powell's confirmation hearings
Nov 28th, 8:20am
CNBC’s Steve Liesman previews Fed Chair Nominee...
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Flood Insurance Status; Banks in the News; LO Products
Nov 28th, 8:11am
Remember when everyone waited with bated breath for Fannie & Freddie’s loan limit announcement? (It happens every year around...
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US Treasurys lower as investors gear up for data deluge; Fed speeches in focus
Nov 28th, 7:54am
U.S. government debt prices were lower on Tuesday, ahead of key speeches from leading central bankers....Read More
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Wells Fargo bankers overcharged clients for higher bonuses
Nov 28th, 7:49am
Evidence that embattled bank Wells Fargo had...
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Trump administration warns of disruptions in court filing on consumer protection panel
Nov 28th, 7:29am
WASHINGTON (Reuters) - The Trump administration has argued against a temporary restraining order that would block White House budget director Mick...
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Home Price Gains Continue Cooling Off
Nov 27th, 4:17pm
Black Knight Financial Services reported on Monday that home prices as measured by its national Home Price Index (HPI) continued to slow on a...
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MBS RECAP: Back From Break, But Still Waiting For Breakout
Nov 27th, 4:16pm
The bond market theme heading into the Thanksgiving break was "waiting for a breakout." The bond market theme heading out of Thanksgiving...
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How The Dodd-Frank Act Plays Into The CFPB Succession Debate
Nov 27th, 4:06pm
As the showdown over the leadership of the Consumer Financial Protection Bureau continues, NPR's Robert Siegel talks with Georgetown University...
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OMB Director Mick Mulvaney: CFPB needs structural change
Nov 27th, 4:03pm
OMB Director Mick Mulvaney answers questions at the...
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Weakness in US dollar and what that means for bond rates
Nov 27th, 4:03pm
CNBC's Rick Santelli discusses weakness in the...
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Mortgage Rates Flat as Markets Get Back to Business
Nov 27th, 3:58pm
Posted To: Mortgage Rate WatchMortgage rates were almost perfectly unchanged today as markets returned to full force following the extended...
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Reports Address Social Media Use, Risk
Nov 27th, 3:07pm
One of two recent reports highlights online and social media usage growth among mortgage shoppers. The other looks at some of the risks faced by...
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Here's where GOP Senate holdouts stand on sweeping tax bill
Nov 27th, 2:59pm
As negotiations over tax reform continued Monday, here are nine senators who have yet to commit publicly to supporting the latest version of the...
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Fed's Kaplan says rate hike appropriate in 'near future'
Nov 27th, 1:01pm
Dallas Federal Reserve Bank President Robert Kaplan on Monday made his clearest case yet for an interest-rate hike next month....Read More
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New 10-Year High for New Home Sales
Nov 27th, 12:35pm
After reaching the highest level in a decade last month, the yearly rate of new house sales ascended to a new decade-high pace. The Northeast...
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Dallas Fed Kaplan: Increasingly cognizant of financial imbalances
Nov 27th, 12:19pm
CNBC's Steve Liesman reports on Dallas Fed...
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A 'Completely Flat' Yield Curve and Record-Low Yields Lies Ahead in 2018
Nov 27th, 12:14pm
Bloomberg A 'Completely Flat' Yield Curve and Record-Low Yields Lies Ahead in 2018 Bloomberg In 2018, the Treasury curve will...
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This is how long it takes to sell a house
Nov 27th, 12:04pm
Three weeks....Read More
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Mulvaney Arrives at CFPB Amid Lawsuit
Nov 27th, 11:54am
President Donald J. Trump's choice for acting director at the Consumer Financial Protection Bureau arrived at the bureau Monday and assumed...
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Senate tax reform vote expected this week
Nov 27th, 11:37am
CNBC's Eamon Javers reports on the Senate tax...
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Looking for a Newly Constructed Home? You Have Good Timing
Nov 27th, 11:18am
gpointstudio/iStockAfter several years of a frenzied housing market characterized by many more home buyers than sellers, builders may finally be...
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Millennials Want to Own Homes Too, If US Economy Would Consent
Nov 27th, 11:18am
Bloomberg Millennials Want to Own Homes Too, If US Economy Would Consent Bloomberg Kelsey Marshall and her boyfriend Chris Eidam, both 27 years...
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Treasury Market's Overlords Tackle Key Question of Transparency
Nov 27th, 10:53am
Bloomberg Treasury Market's Overlords Tackle Key Question of Transparency Bloomberg As Treasury Secretary Steven Mnuchin and other...
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Federal court asked to decide who is CFPB Acting Director
Nov 27th, 10:39am
Last Friday, November 24, effective at midnight, Richard Corday resigned as CFPB Director.  Earlier in the day, the CFPB issued a press release...
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New Home Sales Steamroll Over Expectations
Nov 27th, 9:49am
Posted To: MND NewsWireIt wasn't supposed to happen after the banner month for new home sales in September, but sales of those homes rose...
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October new home sales blow past expectations
Nov 27th, 9:38am
CNBC's Diana Olick breaks down the details of...
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Bob Doll: Expect some movement upward in inflation next year
Nov 27th, 9:16am
Bob Doll of Nuveen Asset Management says inflation...
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MBS Week Ahead: Countdown to Bond Breakout Begins
Nov 27th, 8:41am
Over the past two months, we've seen higher lows and lower highs in 10yr yields and mortgage rates.  On a chart, this looks like 2 sides...
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CFPB Leadership Unclear Following Cordray's Departure
Nov 27th, 8:41am
The announced departure of the Consumer Financial Protection Bureau's director and subsequent appointments have left the regulator with competing...
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Stage Set for Dueling Dual Directors
Nov 27th, 8:16am
It should be an interesting day at the Consumer Financial Protection Bureau (CFPB). In fact, the Federal Reserve, which is charged with funding...
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Advice From Industry Leaders; CFPB Leadership Void - Really?
Nov 27th, 8:10am
The darkest, blackest material known to man? Vantablack. Don't be the last to paint your car with it. Speaking of looking into voids, who is in...
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Promise of tax reform is better than the delivery of it: Morgan Stanley chief economist
Nov 27th, 8:08am
Ellen Zentner, Morgan Stanley chief U.S. economist,...
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US consumer finance agency deputy files lawsuit against Trump appointment
Nov 27th, 8:07am
CNBC's Kayla Tausche reports the latest on the...
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Senate plans to vote on tax reform bill this week
Nov 27th, 8:07am
Axios’s Jonathan Swan reports on whether the GOP...
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Trump Vows to Bring CFPB Disaster Back to Life With Mulvaney
Nov 27th, 8:06am
Bloomberg Trump Vows to Bring CFPB Disaster Back to Life With Mulvaney Bloomberg A high-stakes legal clash is unfolding over President Donald...
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Wall Street week ahead: A new Fed chief, the pulse on the housing market and bitcoin mania
Nov 27th, 8:04am
The stock market opens the last week of November at yet another record. Here's what Wall Street will be watching....Read More
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Here's how long takes for millennials to buy a home in every US state
Nov 27th, 8:02am
In Hawaii, it could take almost a decade....Read More
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Single-Family Built-for-Rent Starts: Third Quarter 2017
Nov 27th, 8:02am
The number of single-family homes built-for-rent increased in the third quarter. Over the last four quarters, total production of this type of...
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Rent No More! 10 U.S. Cities With Huge Increases in Homeownership
Nov 27th, 8:01am
Buying a home may seem impossible in cities like San Francisco and New York. But it's not as hard in smaller, more affordable metros-if you act...
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Bond Traders Start to See Crack in Fed's Resolve About Inflation
Nov 27th, 8:00am
Bloomberg Bond Traders Start to See Crack in Fed's Resolve About Inflation Bloomberg Traders are about to find out just how worried...
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20 Mortgage-Related Events Over Next 90 Days
Nov 24th, 5:52pm
Over the next three months, 20 mortgage-related conferences, forums and workshops are scheduled to take place. Topics to be covered include...
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Mortgage Rate Volatility Will Increase From Here
Nov 24th, 12:53pm
Posted To: Mortgage Rate WatchMortgage rates were roughly unchanged today. That's not too surprising considering lenders don't tend to make big...
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Hotel Occupancy Rate Increases Year-over-Year, On Pace for Record Year
Nov 24th, 11:38am
Hotel Occupancy Rate Increase Year-over-Year, On Pace for Record Year at...
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Mortgage Rates Head Lower Ahead of big Decisions From Fed, Congress
Nov 24th, 10:46am
The 30-year fixed-rate mortgage has averaged 4.00% so far this year ...Read More
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It's not Just Lobbyists who say Tax Reform Will Slash Home Prices
Nov 24th, 9:41am
Private economists believe home prices will decline and demand will decrease....Read More
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Recent Homes Have Just Over 3 Toilets, 2.5 Showers
Nov 24th, 8:51am
Single-family homes built after the 1990s have an average of 3.1 toilets, 2.6 showers and 2.3 bathtubs, according to a recent NAHB study....
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Hurricane-struck businesses face rebuilding again -- and again
Nov 24th, 8:18am
It had only been a matter of months since Helen and Andy Viola reopened their St. Augustine, Florida, restaurant after the last major hurricane...
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Lender Internet News; Vendors Partnering
Nov 24th, 8:13am
Posted To: Pipeline PressPlenty of lawyers are basketball fans. What had once looked like a defense slam-dunk now isn’t: A federal judge...
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Societe Generale: The Fed is very opportunistic when it comes to raising rates
Nov 24th, 6:57am
Kit Juckes of Societe Generale discusses the...
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MBS Day Ahead: A Brief History of Black Fridays For Bond Markets
Nov 24th, 6:38am
Posted To: MBS CommentaryToday is boring . It was destined to be boring (probably) before it even occurred, and even if it gives the appearance of...
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ECB Policy Makers Worried Markets Expect More QE Extensions
Nov 24th, 5:20am
Bloomberg ECB Policy Makers Worried Markets Expect More QE Extensions Bloomberg Some European Central Bank policy makers worried at last...
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30-Yr Mortgage Rates Down, Could Fall More
Nov 22nd, 4:35pm
Long-term rates on home loans moved lower over the past week, and it's quite possible that the next week could see a similar...
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October's Servicing Transfers Sink
Nov 22nd, 4:18pm
Servicing transfers last month tumbled from September as a result of a massive sale the previous month by the home-lending unit of Citigroup...
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MBS RECAP: Bond Rally More Coincidence Than Causality
Nov 22nd, 3:38pm
We've discussed the tenor of Thanksgiving week in bond markets being more to do with serendipity than traditional "cause and effect"...
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Over $100 Million in Non-Performing GSE Loans Sold
Nov 22nd, 2:20pm
Two organizations were the winning bidders on a government-sponsored enterprise offering of over $100 million in non-performing...
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Mortgage Rates Move Modestly Lower Ahead of Holiday
Nov 22nd, 1:55pm
Posted To: Mortgage Rate WatchMortgage rates fell modestly today, with bond market strength both before and after the release of the Fed Minutes...
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Fed: Rate increase likely warrented soon
Nov 22nd, 1:47pm
Danielle DiMartino Booth, Money Strong; CNBC...
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The Fed needs to 'stop talking' so much
Nov 22nd, 1:33pm
It's time for the Fed to taper forward guidance to reduce the "noise" and mixed signals, says Economist Samuel...
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Minutes of the Federal Open Market Committee, October 31-November 1, 2017
Nov 22nd, 1:32pm
Minutes of the Federal Open Market Committee, October 31-November 1, 2017...Read More
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Fed officials fear financial market 'imbalances' and possibility of 'sharp reversal&#
Nov 22nd, 1:22pm
Minutes from the Oct.31-Nov. 1 Federal Open Market Committee meeting indicated some worry about rising markets....Read More
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Mortgage Bankers Raise Purchase Lending Forecast
Nov 22nd, 12:26pm
Mortgage bankers have grown more optimistic in their projections for home purchase lending in 2017 and next year. All of this year's improvement...
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Yellen: 'Very uncertain' inflation will rebound soon
Nov 22nd, 12:14pm
CNBC's Steve Liesman reports on rate hike...
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Santelli Exchange: Where will the U.S. 10-year close at year's end?
Nov 22nd, 12:14pm
CNBC's Rick Santelli discusses why the U.S....
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Winners and losers: Retail real estate and e-commerce
Nov 22nd, 11:41am
Brent Thill, Jefferies, and Hessam Nadji, Marcus...
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Bitcoin Is Creeping Into Real Estate Deals
Nov 22nd, 11:41am
The real-estate industry is taking its first steps in adopting cryptocurrencies and the technology that backs them in what could eventually...
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Refis Drive Yr-Over-Yr Rise in Weekly Mortgage Biz
Nov 22nd, 11:37am
Compared to the week last year that included Thanksgiving, new mortgage business ascended -- and it was refinances that drove the improvement. But...
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Delinquencies Soar in Storm Impacted Areas
Nov 22nd, 10:42am
Posted To: MND NewsWireAs predicted, mortgage delinquencies resulting from Hurricanes Harvey and Irma continued to play out in October. Black...
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Hutchins Roundup: Negative policy rates, Medicaid Advantage, and more
Nov 22nd, 10:19am
Studies in this week's Hutchins Roundup find that negative policy rates may be contractionary, Medicare Advantage plans game the system to attract...
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Philly Fed: State Coincident Indexes increased in 41 states in October
Nov 22nd, 10:09am
From the Philly Fed : The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for October 2017. Over the...
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Purchase Mortgage Applications Jump, Refis Slump
Nov 22nd, 10:02am
A solid week-over-week gain in the volume of applications for purchase financing was just enough to offset a sharp drop in refinance applications....
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CFO Council Survey: 83.7% see rate hike in December
Nov 22nd, 9:45am
CNBC's Jackie DeAngelis reports the latest...
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ECB Is Said to Review Corporate-Bond Plan as Next QE Step Nears - Bloomberg
Nov 22nd, 9:33am
Bloomberg ECB Is Said to Review Corporate-Bond Plan as Next QE Step Nears Bloomberg The European Central Bank is assessing a key element of its...
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Consumer sentiment hits 98.5 in November vs. 98 estimate
Nov 22nd, 9:11am
Consumer confidence was expected to fall to 98 in November....Read More
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Economist: Expect slower growth in 2018
Nov 22nd, 8:53am
Scott Anderson, Bank of the West chief economist,...
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US Business Equipment Orders Fall for First Time Since June
Nov 22nd, 8:37am
US Business Equipment Orders Fall for First Time Since June Bloomberg U.S. business equipment orders unexpectedly fell in October for the first...
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Weekly Initial Unemployment Claims decrease to 239,000
Nov 22nd, 8:24am
The DOL reported : In the week ending November 18, the advance figure for seasonally adjusted initial claims was 239,000 , a decrease of 13,000...
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Slight Gains for Custom Home Building
Nov 22nd, 8:22am
NAHB's analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates ongoing expansion of the volume of...
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US weekly jobless claims total 239,000, vs 240,000 expected
Nov 22nd, 8:22am
The number of Americans filing for unemployment benefits fell last week after two straight weekly increases....Read More
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Upcoming Events and Training; Tax-Related Underwriting Changes
Nov 22nd, 7:59am
The lending world has plenty of truly very busy people. (Or maybe that is what they tell their bosses.) How best to communicate with them?...
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Purchases Reclaimed Market Share From Refis Last Week
Nov 22nd, 7:47am
This month's half-hearted rally in refinancing didn't last long. During the week that ended November 10, applications for refinancing made up more...
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MBS Day Ahead: Only Major Econ Data of The Week, Plus Fed Minutes
Nov 22nd, 7:34am
To be sure, market participants have one foot out the door today--either mentally, physically, or both.  This has already been made...
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20% corporate tax rate priced into market right now: CFRA's Lindsey Bell
Nov 22nd, 7:12am
Ed Keon, QMA, and Lindsey Bell, CFRA Research,...
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Housing stocks are surging, and traders see more gains for these names
Nov 22nd, 7:11am
Housing stocks are on a tear this year, and it may not be too late to get in on the rally....Read More
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'Very uncertain' Yellen still predicts U.S. inflation rebound
Nov 22nd, 7:10am
NEW YORK (Reuters) - Federal Reserve Chair Janet Yellen stuck by her prediction that U.S. inflation will soon rebound but offered on Tuesday an...
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Investors eye the Fed ahead of FOMC minutes
Nov 22nd, 7:10am
Tom Lee of Fundstrat Global Advisors weighs in on...
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Real Estate Agents Mobilize to Shield Homeowners on Tax Plan
Nov 22nd, 7:09am
Some economists say the Republican bills, by curbing or eliminating key deductions, could hurt property values, raise mortgage rates and reduce...
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MBS RECAP: Market Watchers Lulled to Sleep Ahead of Week's Biggest Day
Nov 21st, 4:18pm
So far this week, both of the trading days have done everything in their power to be as meaningless as possible.  There have been no...
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Existing Home Sales Up, Northeast Jumps
Nov 21st, 3:58pm
A burst of activity in the Northeast was out front of a month-over-month escalation in existing home sales. Still, there was a year-over-year...
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BlackRock: Bond market is not sending the scary message you think it is
Nov 21st, 2:57pm
Wall Street's big fear is that the bond market is signaling the next economic downturn, but BlackRock's Rick Rieder says...
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Homeowners hurt by GOP tax plan are those who can afford it, says ex-Wells Fargo CEO
Nov 21st, 2:54pm
There may be concern about the tax plan's impact on housing, but Richard Kovacevich says it is mainly the rich who will feel the...
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FDIC: Fewer Problem banks, Residential REO Declined in Q3
Nov 21st, 2:54pm
The FDIC released the Quarterly Banking Profile for Q3 today: Higher net interest income, reflecting modest growth in interest-bearing assets and...
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1st Mortgage Lates Up, 2nd Mortgage Rate Spikes
Nov 21st, 2:48pm
While the rate of serious delinquency on residential loans in senior position was minimally higher last month, junior-lien loans saw significant...
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Mortgage Rates Holding Steady in Recent Range
Nov 21st, 2:34pm
Mortgage rates were unchanged today, on average, although a few lenders made small adjustments to rates sheets in response to bond market...
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2018 Purchase Gain Expected to Offset Refi Drop
Nov 21st, 1:55pm
A rise in expected home-purchase lending next year more than offsets an anticipated drop in refinances. This year's overall outlook improved from...
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Fmr. Wells Fargo CEO on taxes and the impact on home buyers
Nov 21st, 1:53pm
Richard Kovacevich, former chairman & CEO of...
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Santelli Exchange: Are all yield curve inversions created equal?
Nov 21st, 1:52pm
CNBC's Rick Santelli discuses why seven may not...
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30-Day Rate Up Despite Drop in Foreclosure Rate
Nov 21st, 1:42pm
The foreclosure inventory fell to a more than decade low. Improvement in the foreclosure rate was more than offset by hurricane-related...
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Pensions Front-Run Tax Overhaul, Driving the Yield Curve Flatter
Nov 21st, 1:32pm
Bloomberg Pensions Front-Run Tax Overhaul, Driving the Yield Curve Flatter Bloomberg Republican plans to overhaul the U.S. tax system are stoking...
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15 states where millennials can afford to buy homes
Nov 21st, 1:31pm
These states offer low mortgage payments and a reasonable timetable for young buyers to save up....Read More
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Home Prices Are Dropping: How Far Are They Falling?
Nov 21st, 11:24am
Potential existing home buyers pinching their pennies should rejoice: existing home prices are continuing to drop. Sorry, sellers. The post Home...
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CFPB Approves Redesigned Mortgage Application
Nov 21st, 10:10am
A redesigned mortgage application first unveiled last year by the government-sponsored enterprises has received a safe-harbor blessing from the...
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Existing Home Sales Erase Summertime Losses
Nov 21st, 10:00am
Posted To: MND NewsWireExisting home sales continued a gradual recovery in October after a summer of sliding sales. For the second straight month...
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October existing home sales up 2.0%
Nov 21st, 9:22am
CNBC's Diana Olick reports the latest read on...
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Multifamily Developer Confidence Weakens in Third Quarter
Nov 21st, 9:11am
The National Association of Home Builders' (NAHB) Multifamily Production Index (MPI) dropped 10 points to 46 in the third quarter of 2017 (Figure...
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Have markets absorbed all the good news?
Nov 21st, 8:45am
CNBC's Mike Santoli takes a look to see if the...
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Best Year in a Decade? Good, but not Great
Nov 21st, 8:40am
Posted To: MND NewsWireFreddie Mac's Economic and Strategic Research Team gave its forecast for housing in 2018 (which, as discussed below, it is...
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CRA Changes; New Lender; Mortgage and Appraisal Books for Your Staff
Nov 21st, 8:19am
Posted To: Pipeline PressWhat is more relaxing than breakfast in bed? IHOP is there for you, and is testing IHOP home delivery in various states....
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MBS Day Ahead: If Sideways Momentum Bores You, Consider The Implication
Nov 21st, 8:12am
Posted To: MBS CommentaryIt's no great mystery that momentum in bond markets (at least in 10yr Treasury yields and MBS) is sharply sideways at...
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Chicago Fed "Index Points to a Pickup in Economic Growth in October"
Nov 21st, 8:09am
From the Chicago Fed: Index Points to a Pickup in Economic Growth in October Led by improvements in production-related indicators, the Chicago Fed...
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Lowe's beats Street, Q3 comps up 5.7%
Nov 21st, 7:34am
Brian Nagel, Oppenheimer senior equity research...
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Sheard: Will be interesting to see how President Trump remakes the Fed
Nov 21st, 7:34am
S&P Global's Paul Sheard discusses the...
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This Flat Yield Curve Is No Mystery, According to a Fed Study
Nov 21st, 7:33am
Bloomberg This Flat Yield Curve Is No Mystery, According to a Fed Study Bloomberg The gap between short and longer-term interest rates has been...
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HUD Gives $5B for Hurricane Harvey Recovery Efforts in Texas
Nov 21st, 7:21am
HUD Gives $5B for Hurricane Harvey Recovery Efforts in Texas...Read More
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MBS RECAP: Moderate Weakness Keeps Bonds Rangebound
Nov 20th, 3:59pm
Posted To: MBS CommentaryLooked at under a microscope, there was a fair amount of intraday volatility this morning. Treasury yields fell...
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WSJ's Ken Brown: People need to be prepared for volatile markets
Nov 20th, 3:47pm
Ken Brown, Wall Street Journal, and CNBC's Mike...
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Mortgage Industry Relies on Amicus Briefs
Nov 20th, 3:01pm
An amicus brief is (generally) an appellate brief filed on behalf of an entity or group that is not a party to the appeal, but whose interest will...
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Low Credit Scores Cost Borrowers 59 BPS
Nov 20th, 2:52pm
Home buyers who financed the purchase of their house and had high credit scores saw rates that were 59 basis points better than their poor-credit...
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2018 Mortgage Origination Forecast Increased
Nov 20th, 2:42pm
The forecast for mortgage originations for next year has been modestly raised. Meanwhile, this year's refinance outlook grew at the expense of...
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Yellen to resign from Fed board when Powell sworn in
Nov 20th, 2:11pm
CNBC's Steve Liesman reports that Federal...
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Mortgage Rates Higher to Begin Holiday-Shortened Week
Nov 20th, 1:46pm
Posted To: Mortgage Rate WatchMortgage rates moved slightly higher today against the backdrop of the unique bond market conditions seen on...
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Janet Yellen to leave Fed after successor takes over as chair
Nov 20th, 1:02pm
Fed Chair Janet Yellen announced Monday that she will leave the Federal Reserve after he successor is sworn in. President Donald Trump has...
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October leading economic indicators up 1.2%
Nov 20th, 12:17pm
CNBC's Rick Santelli reports the latest read on...
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Investors watching risk in corporate debt
Nov 20th, 12:17pm
CNBC's Mike Santoli and The Wall Street...
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Banks delayed foreclosures to influence discussion of Dodd-Frank, paper finds
Nov 20th, 12:01pm
A ‘novel' way to influence legislation?...Read More
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Who Are Best Mortgage Employers?
Nov 20th, 11:58am
Within the real estate finance industry, some companies have earned the distinction of being the best employers among other similarly sized firms...
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Freddie Mac November 2017 Outlook
Nov 20th, 11:09am
Freddie Mac November 2017 Outlook...Read More
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Will the upward trend in economic growth continue in 2018?
Nov 20th, 10:37am
RBC Wealth Management-U.S. Global Outlook report explores opportunities in U.S. equities and fixed income MINNEAPOLIS, Nov. 20, 2017 /PRNewswire/...
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Draghi Says Inflation Rate Still Hasn't Yet Reached ECB Target
Nov 20th, 10:30am
Bloomberg Draghi Says Inflation Rate Still Hasn't Yet Reached ECB Target Bloomberg The euro-area economy is seeing the most broad-based...
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Cleveland Fed Removes Report on Marketplace Lending for Clarification
Nov 20th, 9:44am
Cleveland Fed Removes Report on Marketplace Lending for Clarification Bloomberg A report by the Federal Reserve Bank of Cleveland that slammed the...
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Leading economic indicators rise 1.2 percent, double expectations
Nov 20th, 9:09am
A key economic indicator was expected to rise in October....Read More
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MBS Day Ahead: Thanksgiving Week in The Bond Market
Nov 20th, 8:42am
Compared to stocks, bond markets tend to be more affected by changes in market participation surrounding holidays and other sources of...
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Treasury market in focus
Nov 20th, 8:30am
Gina Sanchez of Chantico Global weighs in on the...
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Is the bearish bond market justified?
Nov 20th, 8:29am
Ellen Zentner of Morgan Stanley takes a deep dive...
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Hurricanes, Timing Issues, Push Delinquencies Higher
Nov 20th, 8:28am
Mortgage delinquencies surged higher in the third quarter of 2017. Most of the increase came in the early stages of non-performance, and much of...
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US Treasurys edge higher as investors pivot attention to data, auction news
Nov 20th, 8:20am
U.S. government debt prices were higher on Monday, as investors shifted their attention to news coming out of the data and auctions space....Read More
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House Financial Services Committee approves "Madden fix" bill
Nov 20th, 8:18am
A bill to provide a "Madden fix" and three other bills relevant to mortgage lenders were included among the more than 20 bills approved by the...
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Action at CFPB; Capital Markets Product
Nov 20th, 8:14am
Thanksgiving week already! Let’s temporarily shift from residential lending to economics. According to the SalaryforPilot website, Air Force...
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Trump Counts on Fed to Help Sustain Economic Bump From Tax Plan
Nov 20th, 7:45am
Bloomberg Trump Counts on Fed to Help Sustain Economic Bump From Tax Plan Bloomberg The Trump administration is banking on the Federal Reserve not...
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Federal Program Paid $800M to Frequently Flooded Homes
Nov 20th, 7:45am
Federal Program Paid $800M to Frequently Flooded Homes...Read More
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Once-Hot Apartment Construction Cooling as US Housing Engine
Nov 20th, 7:45am
Bloomberg Once-Hot Apartment Construction Cooling as US Housing Engine Bloomberg Faster apartment building was instrumental in pulling the U.S....
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Purchases Pull Down Weekly Mortgage Business
Nov 17th, 4:44pm
Home purchase financing activity tumbled during the week that included Veterans Day, dragging down overall business. But cashout refinance...
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Q3 was "Rough Patch" for Housing; Q4 Indicators Not Positive
Nov 17th, 4:29pm
Posted To: MND NewsWireHousing activity in the third quarter of 2017 is described as "continuing its rough patch" in Fannie Mae's latest edition...
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MBS RECAP: Holiday Mode Engaged as Bonds Seek Center of Range
Nov 17th, 4:28pm
With today's modest gains, bond markets did exactly what they need to in order to keep the medium term momentum technicals perfectly flat...
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Permits, Completed Construction Up on Multifamily
Nov 17th, 3:56pm
A month-over-month rise in permit activity and a burst in completed construction was driven by increased apartment activity. Home builders broke...
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Mortgage Rates Unchanged Heading Into Holiday Week
Nov 17th, 3:53pm
Mortgage rates barely budged today--not too surprising considering today's bond market levels (which underlie rates) were roughly in line...
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Bonds may start to compete with stocks: Strategist
Nov 17th, 3:39pm
Jason Trennert, Strategas Research Partners,...
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Don't expect 'easy gains' of 2017 to be repeated next year, says top strategist Jason
Nov 17th, 3:38pm
Even if most of Trump's economic agenda is passed, stock market gains may still slow, said Strategas Research Partners' Jason Trennert....Read More
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Goldman Sachs says if you thought 2017 was surprisingly good, just wait for 2018
Nov 17th, 2:35pm
Goldman analyst Charles Himmelberg says there are several factors that should contribute to further global economic growth....Read More
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Has US Household Growth Slowed, and If So, Why?
Nov 17th, 2:32pm
From housing economist Tom Lawler: Has US Household Growth Slowed, and If So, Why? Yesterday the Census Bureau released estimates of America's...
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Consumer Chief Fired by Wells Fargo
Nov 17th, 12:46pm
Wells Fargo & Co. has fired its head of consumer lending over communication he had with a former employee. The interaction didn't involve...
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Mortgage Delinquency Soars, Hurricanes Blamed
Nov 17th, 11:51am
The quarterly non-current mortgage rate surged 58 basis points, with government-insured performance taking the biggest beating. Much of the blame...
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Nationwide Seller's Market Reigns as Home Prices Climb
Nov 17th, 11:24am
DENVER, Nov. 17, 2017 /PRNewswire/ -- Despite record low inventory for the month, October home sales increased 2.5% year-over-year and kept 2017...
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Declining New Home Size Trend Continues
Nov 17th, 11:09am
After increasing and leveling off in recent years, new single-family home size continued along a general trend of decreasing size during...
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Freddie Mac Prices $279 Million Offering of Guaranteed Tax-Exempt ML Certificates
Nov 17th, 10:36am
Freddie Mac Prices $279 Million Offering of Guaranteed Tax-Exempt ML Certificates...Read More
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MBA: Mortgage Delinquency Rate increases in Q3 mostly due to Hurricanes
Nov 17th, 10:14am
From the MBA: Delinquencies Up in MBA's National Delinquency Survey for Q3 2017 The delinquency rate for mortgage loans on one-to-four-unit...
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Draghi Says Pay Gains to Ease ECB Pressure as Labor Tightens
Nov 17th, 9:52am
Bloomberg Draghi Says Pay Gains to Ease ECB Pressure as Labor Tightens Bloomberg Mario Draghi predicted that euro-area workers will soon start...
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BLS: Unemployment Rates Lower in 12 states in October; Alabama, Hawaii and Texas at New Series Lows
Nov 17th, 9:52am
Note from the BLS on Puerto Rico: The Puerto Rico household survey was conducted for the October 2017 reference period. However, the response rate...
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Investors are fleeing junk bonds in near record numbers, a troubling signal for the stock market
Nov 17th, 9:36am
Funds that track junk bonds saw $6.8 billion of outflows over the past week, third highest on record, according to BofAML....Read More
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More Than Half of October Refis Were FHA/VA
Nov 17th, 9:12am
The interest rate for loans originated in October inched down 1 percentage point to 4.20 percent, the lowest rate thus far in 2017, and the sixth...
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Home Building Surges to Year's Best Levels, Erasing Summertime Sadness
Nov 17th, 8:59am
It has been a while since all three measures covered in the residential construction report were strongly positive. In fact, certain metrics...
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MBS Day Ahead: Bond Markets May Be Done For The Holidays
Nov 17th, 8:35am
Take a few steps back from the shorter-term charts (we tend to watch at 2-day chart for most lock/float purposes on MBS Live) and a theme...
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Tax reform clears two big hurdles in House and Senate
Nov 17th, 8:28am
CNBC's Ylan Mui reports the House Republicans...
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Housing starts up 13.7% in October
Nov 17th, 8:27am
CNBC's Rick Santelli breaks down the latest...
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HUD, FHA, VA, and Ginnie News; Wells Fargo Mgt. Upheaval
Nov 17th, 8:22am
Here’s a tidbit for Happy Hour tonight. Currently, about 21 percent of filers take the mortgage deduction, but under the new framework only...
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US home construction reaches strongest pace in a year
Nov 17th, 7:43am
U.S. housing starts were forecast to total 1.18 million in October, up from the 1.13 million reported for the previous month....Read More
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Treasury Secretary Mnuchin says he expects tax cut bill will be sent to Trump to sign by Christmas
Nov 17th, 7:23am
Treasury Secretary Steven Mnuchin appeared in an interview on CNBC's "Squawk Box" on Friday....Read More
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Senate Panel Approves Tax Plan as GOP Leaders Gird for Battle
Nov 17th, 7:21am
Bloomberg Senate Panel Approves Tax Plan as GOP Leaders Gird for Battle Bloomberg Hours after House Republicans jubilantly passed their tax bill,...
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President Trump to appoint Mick Mulvaney CFPB Acting Director
Nov 17th, 7:18am
According to media reports, President Trump is expected to name Mick Mulvaney, the current Director of the Office of Management and Budget, to...
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MBS RECAP: Bonds Adrift, No Land in Sight
Nov 16th, 4:17pm
Bond markets are officially looking for inspiration, motivation, or even just something to pass the time.  Today's events didn't seem to...
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Mortgage Rates Worsen, Further Rise Forecasted
Nov 16th, 3:20pm
While interest rates on residential loans improved last month, more recently they have ascended to the highest level in four months. The forecast...
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Trump interested in naming budget director Mulvaney to consumer protection bureau
Nov 16th, 3:14pm
President Donald Trump is considering naming Michael Mulvaney, currently the White House budget director, to head the CFPB....Read More
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Phoenix Real Estate in October: Sales up 4%, Inventory down 10% YoY
Nov 16th, 3:14pm
This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple...
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House tax reform bill passes
Nov 16th, 3:02pm
CNBC's Ylan Mui, Eamon Javers and the...
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Radian Improves Pricing
Nov 16th, 2:46pm
Improvements to pricing announced by Radian Guaranty Inc. follow an easing of program requirements last month.According to the Philadelphia-based...
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2017 US Origination Forecast Raised, 2018 Trimmed
Nov 16th, 1:59pm
The economic outlook for this year's single-family loan originations has grown more optimistic. But next year's forecast is slightly more...
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Latest estimate shows Senate tax plan would leave low-income households with higher tax bills
Nov 16th, 1:29pm
The Senate's latest tax plan would lavish billions of dollars in tax cuts on the wealthiest Americans but leave those at the bottom of the income...
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Fed's Kaplan: Overshooting employment goal could trigger rate hike
Nov 16th, 1:29pm
Unemployment, now at 4.1 percent, is expected to fall further, he said....Read More
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Freddie Mac Announces Reentry into Low-Income Housing Tax Credit Market
Nov 16th, 1:29pm
Freddie Mac Announces Reentry into Low-Income Housing Tax Credit Market...Read More
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House of Representatives approves tax package, shifts fight to Senate
Nov 16th, 1:29pm
WASHINGTON (Reuters) - The U.S. House of Representatives approved a package of tax cuts affecting businesses, individuals and families on...
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Road between House and Senate messy for tax bill
Nov 16th, 12:44pm
CNBC's John Harwood discusses the tax reform...
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Homeownership doesn't build wealth, study finds
Nov 16th, 12:13pm
Even with high rents, consumers will build more wealth by investing and not owning, a study shows....Read More
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KeyBank Plans Big Mortgage Growth
Nov 16th, 11:51am
With a bank acquisition that it completed last year, KeyCorp has plans to significantly boost the volume of its single-family loan originations.In...
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Cashin: House tax bill vote driving markets
Nov 16th, 11:50am
CNBC's Bob Pisani and Art Cashin of UBS...
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GSE Refinances Rise to 6-Month High
Nov 16th, 11:46am
Refinances of loans backed or owned by the government-sponsored enterprises climbed to a six-month high as Making Home Affordable refinance volume...
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Earlier: Philly Fed Manufacturing Survey showed "Activity Continues to Expand" in November
Nov 16th, 11:13am
Earlier from the Philly Fed: November 2017 Manufacturing Business Outlook Survey Regional manufacturing activity continued to expand in November,...
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Builder Confidence 2nd Best Since 2005, NE Leads
Nov 16th, 10:22am
For the second month in a row, confidence among American home builders was stronger -- rising to the second-highest level in more than a decade....
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Hutchins Roundup: Forecast targeting, labor force participation of older Americans, and more
Nov 16th, 10:19am
Studies in this week's Hutchins Roundup find that forecast targeting is the best policy rule for the Fed to follow, older Americans would work...
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Freddie Mac Prices $1 Billion Multifamily K-Deal Backed by Seasoned Loans
Nov 16th, 9:58am
Freddie Mac Prices $1 Billion Multifamily K-Deal Backed by Seasoned Loans...Read More
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Builder Confidence Nears Post Crash High
Nov 16th, 9:38am
Builder confidence increased for the second consecutive month after taking a hit in September from the late summer hurricanes.  The National...
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Mortgage Rates Bounce Up
Nov 16th, 9:31am
Mortgage Rates Bounce Up...Read More
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Home builder confidence hits 8-month high in November
Nov 16th, 9:12am
Home builder confidence rises as builders see more sales and more buyer traffic....Read More
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Industrial production up more than expected
Nov 16th, 9:02am
CNBC's Rick Santelli breaks down the latest...
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CFPB's Cordray Resigns; Agency Future Uncertain
Nov 16th, 8:50am
Posted To: MND NewsWireRichard Cordray, first Director of the Consumer Financial Protection Bureau (CFPB), will leave the agency at the end of the...
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ECB board member says normalization of interest rates will be gradual
Nov 16th, 8:45am
Yves Mersch, a board member at the European Central Bank, told CNBC that the central bank will be gradual with its return to normal monetary...
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US Treasurys edge lower as investors gear up for bumper batch of data; Fed speeches in focus
Nov 16th, 8:21am
U.S. government debt prices were lower on Thursday, as investors pivoted their attention to the upcoming slew of economic data due out....Read More
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US industrial production rose 0.9% in Oct, vs 0.5% increase expected
Nov 16th, 8:20am
Economists polled by Reuters expected industrial output to increase 0.5 percent in October....Read More
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Weekly jobless claims up 10K to 249,000
Nov 16th, 8:12am
CNBC's Rick Santelli breaks down the latest...
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Another Lender Acquired; Training Events; Thoughts on Mr. Cordray
Nov 16th, 8:09am
I think the rumors out there about Richard Cordray taking a much deserved break and then, forget that governor stuff, stepping into Dave...
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US weekly jobless claims unexpectedly rise
Nov 16th, 7:59am
The number of Americans filing for unemployment benefits unexpectedly rose last week....Read More
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US import prices rise less than expected in October
Nov 16th, 7:58am
Import prices rose less than expected in October as an increase in the cost of imported petroleum and capital goods was offset by a decline in...
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Tax vote on the Hill. Here's what to expect
Nov 16th, 7:43am
CNBC's Ylan Mui reports it is decision day for...
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MBS Day Ahead: More Econ Data, Plus Tax Bill Vote, But Bonds Might Not Care
Nov 16th, 7:36am
Posted To: MBS CommentaryWhile today will play host to another set of economic reports as well as the House vote on its version of the tax bill,...
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Can investors use macro analysis?
Nov 16th, 7:16am
Two weeks ago I posted five economic questions I'm frequently asked .  Since then I've discussed: 1) Are house prices in a new bubble? 2)...
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Factors That Shape Home Buyer Preferences
Nov 16th, 7:16am
Factors That Shape Home Buyer Preferences...Read More
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What Happens to the Real Estate Market When Supply Falls for 25 Straight Months?
Nov 16th, 7:16am
Home price growth was strong in October, up 7.6 percent compared to a year ago to a national median sale price of $288,000 across the markets...
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Mortgage Lenders Looser Than Year Ago
Nov 15th, 4:20pm
Home loans closed last month had lower credit scores, higher loan-to-value ratios and higher debt-to-income ratios than a year earlier. While turn...
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CFPB Director Cordray Leaving Bureau
Nov 15th, 3:40pm
Amid speculation about gubernatorial aspirations, the director of the Consumer Financial Protection Bureau has revealed plans to leave the...
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MBS RECAP: Bonds Defy CPI and Retail Sales to With Solid Gains
Nov 15th, 3:38pm
As noted in today's MBS Huddle, an absence of any selling pressure in bond markets was a positive result in itself.  Selling pressure...
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Consumer protections may wither as CFPB head Cordray departs, observers say
Nov 15th, 2:47pm
The future is foggy for this six-year-old federal agency. Customers have received close to $12 billion in relief from regulatory actions....Read More
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Republican Sen. Ron Johnson tells WSJ he won't vote for GOP tax bill
Nov 15th, 2:45pm
Johnson is the first GOP senator to explicitly say he will not back the tax proposal....Read More
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Republicans Slap an Expiration Date on Middle-Class Tax Cuts
Nov 15th, 2:44pm
President Trump and congressional Republicans have repeatedly insisted that the top priority of their tax reform is delivering relief to the...
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Mortgage Rates Lower After Inflation Data
Nov 15th, 2:26pm
Posted To: Mortgage Rate WatchMortgage rates fell today, largely in response to the past two days of bond market improvement. In other words,...
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FHA MMIF Capital Ratio Deteriorates
Nov 15th, 1:33pm
Following four straight years of improvement, the Mutual Mortgage Insurance Fund's capital ratio deteriorated. No reduction in premiums are...
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Debating the flattening yield curve's market message
Nov 15th, 1:21pm
Ari Wald of Oppenheimer and Gina Sanchez of...
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Gary Cohn looks for assurances from CEOs on tax plan, gets crickets
Nov 15th, 1:20pm
The "Squawk Alley" news team discusses...
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Richard Cordray announces his departure from the CFPB
Nov 15th, 1:20pm
CNBC's Hampton Pearson reports that Consumer...
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Richard Cordray Stepping Down As Head Of U.S. Consumer Protection Agency
Nov 15th, 1:20pm
Richard Cordray, the embattled director of Consumer Financial Protection Bureau, announced Wednesday that he will leave the agency by the end of...
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Tax Overhaul Plans Make New York Home Buyers Think Twice
Nov 15th, 1:15pm
Brokers say buyers are worried as House and Senate proposals would increase the cost of owning many residential properties. The post Tax Overhaul...
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U.S. Mortgage Originations, Outstandings Increase
Nov 15th, 12:04pm
The latest gauge of residential loan production indicates strong quarterly activity. Mortgages outstanding continued to grow as delinquency has...
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Brainard, Regional Food Systems and Community Development
Nov 15th, 12:03pm
Speech At a Federal Reserve Bank of Boston Regional Food Systems Meeting, Boston, Massachusetts...Read More
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Home Sales Drop In Phoenix
Nov 15th, 12:02pm
Single-family home sales in the Phoenix, Arizona housing market fell 4.3 percent in the second quarter from the same time period one year ago,...
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Fannie Mae is Testing New Type of Construction Loan
Nov 15th, 11:24am
With new home building still lagging other measures of the housing recovery, and lean inventories of new homes causing shortages of existing homes...
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Vendors Partner To Help Foster Digital Mortgage Adoption
Nov 15th, 11:10am
Pavaso, Inc. (Pavaso), a provider of digital closing and collaboration solutions for the mortgage and real estate lifecycle, has selected...
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CFPB director Richard Cordray to step down at the end of November
Nov 15th, 11:05am
CFPB director Richard Cordray to step down at the end of...
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CFPB Finally Acknowledges Arbitration Rule "Has No Force or Effect"
Nov 15th, 10:25am
Two weeks after President Trump signed H.J. Res. 111, the joint resolution passed by the House and Senate disapproving the CFPB arbitration rule,...
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US Inflation, Retail Data Show Economy Ready for Fed Rate Hike
Nov 15th, 10:11am
Bloomberg US Inflation, Retail Data Show Economy Ready for Fed Rate Hike Bloomberg The U.S. economy delivered a double win for the Federal Reserve...
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AIA: Architecture Billings Index "Bounce Back" in October
Nov 15th, 9:56am
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Bounce Back...
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Business inventories remained unchanged in September
Nov 15th, 9:39am
CNBC's Rick Santelli reports the latest read on...
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Mortgage Insurance Fund Circling the Drain - Better Loans to Blame?
Nov 15th, 9:29am
Posted To: MND NewsWireFHA's Mortgage Insurance Fund (MIF) lost ground this past year, which is bad news for those hoping for a cut in its fees....
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Refinances Drive Up Weekly Mortgage Applications
Nov 15th, 9:23am
A refinance burst bumped up weekly mortgage applications, while a healthy year-over-year ascension has been recorded for purchase financing...
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Business inventories unchanged in September vs expectation of 0.2% gain
Nov 15th, 9:08am
The measure was expected to continue rising after the prior report showed the largest gain in nine months....Read More
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Conventional Conforming Underwriting Updates, New Products
Nov 15th, 8:18am
Posted To: Pipeline PressI remember when being worth a million bucks really meant something, and my parents occasionally pointed out someone who...
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Retail sales rise 0.2% in October
Nov 15th, 8:15am
CNBC's Rick Santelli breaks down the latest...
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Homeowners: Great Time to Sell, But Not to Buy and Here's Why
Nov 15th, 8:14am
DALLAS, Nov. 15, 2017 /PRNewswire/ -- It's a seller's market thanks to low inventory, but according to ValueInsured's latest quarterly Modern...
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Refinancing Rallies, Drives Week's Numbers
Nov 15th, 7:56am
Posted To: MND NewsWireThe week ended November 10 saw a strong pickup in applications for refinancing but continued weakness in those for home...
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US consumer prices rise marginally, core CPI firming
Nov 15th, 7:50am
U.S. consumer prices barely rose in October as the boost to gasoline prices from hurricane-related disruptions to Gulf Coast oil refineries were...
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New app arms real estate agents with deep background checks
Nov 15th, 7:50am
CNBC's Diana Olick reports the opioid crisis is...
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US retail sales unexpectedly rise on automobile purchases
Nov 15th, 7:49am
Sales unexpectedly rose in October as an increase in purchases of motor vehicles and a range of other goods offset a decline in demand for...
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MBS Day Ahead: Bonds Show Hand Ahead of Key Data
Nov 15th, 7:24am
Posted To: MBS CommentaryBonds begin the day much-improved from yesterday's levels, effectively showing their hand ahead of today's...
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California's Housing Policy Is Holding Back Its Climate Policy
Nov 15th, 7:06am
Bloomberg California's Housing Policy Is Holding Back Its Climate Policy Bloomberg The high cost of housing in California isn't...
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NY Fed Q3 Report: "Total Household Debt Increases, Delinquency Rates of Several Debt Types Cont
Nov 15th, 7:04am
From the NY Fed: Total Household Debt Increases, Delinquency Rates of Several Debt Types Continue Rising The Federal Reserve Bank of New York's...
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Economists at Odds With Bond Traders on Global Inflation Outlook
Nov 15th, 7:04am
Bloomberg Economists at Odds With Bond Traders on Global Inflation Outlook Bloomberg Wall Street economists are clashing with Wall Street traders...
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MBS RECAP: More Consolidation, But This Time at Least It's Green
Nov 14th, 3:47pm
Posted To: MBS CommentaryThe past two sessions have been fairly nondescript in the bigger picture. Both have traversed almost exactly the same...
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A Day in the Life: Atlanta Homeownership Center
Nov 14th, 3:33pm
  Welcome to another edition of our series, A Day in the Life, which will introduce you to HUD employees and highlight the important work...
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Mortgage Rates Mixed Depending on Lender; Volatility Ahead
Nov 14th, 3:09pm
Posted To: Mortgage Rate WatchMortgage rates didn't move much today, despite moderate improvements in bond markets. Typically, stronger bond...
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Wholesaler, M.I. Firm Capitalize on Mobile Trend
Nov 14th, 3:08pm
As mobile adoption grows at a robust pace, a wholesale mortgage lender and a mortgage insurance company have positioned themselves to capitalize...
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Condo slowdown? Worrying price signal at New York's trophy tower
Nov 14th, 2:52pm
New York's 1,000-foot-tall symbol of luxury is becoming a monument to the condo slowdown....Read More
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A bond market crash is a growing worry for investors
Nov 14th, 1:52pm
One of the top three worries for investors is a crash in global bond markets, according to the BofAML November Global Fund Manager Survey....Read More
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Fed vice chair search has just begun: Source
Nov 14th, 1:52pm
CNBC's Steve Liesman reports that according to...
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Robert Shiller is 'concerned' as market optimism hits lowest level in over 16 years
Nov 14th, 1:49pm
Nobel Prize-winning economist Robert Shiller sees some worrying signs in Yale University's monthly sentiment survey....Read More
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A few random thoughts on Taxes
Nov 14th, 1:49pm
A few random thoughts ... Income and corporate taxes are just part of the tax system.   Americans pay a wide variety of taxes. These...
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Overcoming Statute of Limitations in Foreclosures
Nov 14th, 12:31pm
hallenges to mortgage lenders and servicers' right to foreclose based on the expiration of the statute of limitations are rapidly increasing in...
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Santelli Exchange: Traders belly up to bar charts
Nov 14th, 12:00pm
CNBC's Rick Santelli discusses significant...
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US Book of Mortgage Business Expands, Lates Down
Nov 14th, 11:52am
As quarterly loan originations moved higher at the nation's home lenders, the balance of outstanding mortgages was up and delinquency was down....
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Rep. Kevin McCarthy: We should have a tax bill on president's desk in December
Nov 14th, 11:30am
Rep. Kevin McCarthy (R-Calif.), House majority...
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Mohamed El-Erian being considered for Fed vice chair, says Dow Jones
Nov 14th, 10:36am
The "Squawk Alley" news team discusses...
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Home Depot lifts full-year forecasts as hurricanes spur demand
Nov 14th, 10:30am
(Reuters) - Home Depot Inc , the largest U.S. home improvement chain, on Tuesday raised its full-year profit and sales forecast after Hurricanes...
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MBA Expects New Home Sales to Recover from Hurricane Losses
Nov 14th, 10:24am
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) says that information collected through its Builder Application Survey (BAS), shows...
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White House considering nomination of Mohamed El-Erian for Federal Reserve Vice Chair: Report
Nov 14th, 10:22am
White House considering nomination of Mohamed El-Erian for Federal Reserve Vice Chair: Report|| 104789371....Read More
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Affordable housing could lose big in Republican tax plan
Nov 14th, 10:08am
The House GOP tax plan cuts a type of bond that is used to finance at least half of the nation's affordable rental apartment...
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Delinquencies Signal "Final Stages" of Recovery
Nov 14th, 9:52am
Posted To: MND NewsWireTo no one's surprise, measures of mortgage distress , including delinquencies, serious delinquencies, and foreclosures,...
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Mario Draghi: Regulation, not policy should address asset prices
Nov 14th, 9:42am
CNBC's Steve Liesman reports on the latest...
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NFIB: Small Business Optimism Index "inches up" in October
Nov 14th, 9:19am
From the National Federation of Independent Business (NFIB): Small Business Optimism Index inches up in October in October The October Index rose...
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Freddie Mac Prices New $3.5 Billion Three-Year Reference Notes Security
Nov 14th, 9:19am
Freddie Mac Prices New $3.5 Billion Three-Year Reference Notes Security...Read More
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Serious Mortgage Lates, Foreclosures at Decade Low
Nov 14th, 9:06am
Monthly home loan performance remained strong, with the rates of serious mortgage delinquency and foreclosure at their lowest levels in a...
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Tax Breaks or Not, Home Equity Lending Has Huge Potential
Nov 14th, 9:00am
Posted To: MND NewsWireMost households buy a home to live in and raise a family. Consequently, they may not view a home as a financial asset in...
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Yellen says price-to-earnings ratios on stocks appear high
Nov 14th, 8:51am
CNBC’s Steve Liesman breaks down the latest...
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Producer price index rises 0.4 percent in October
Nov 14th, 8:51am
CNBC’s Rick Santelli reports the latest read on...
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MBS Day Ahead: Still Waiting For The Week's Bigger Events
Nov 14th, 8:45am
Posted To: MBS CommentaryBond markets are starting the day in fairly similar territory to Friday's latest levels for the 2nd day in a row. As...
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U.S. Economic Confidence Index Unchanged at +7
Nov 14th, 8:28am
Americans' confidence in the economy remained steady last week, holding at the highest level since mid-August and one of the highest levels in the...
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Lender Acquired; Mr. Cooper and Matic Insurance; Ginnie News
Nov 14th, 8:23am
Are we destined to have robots making home loans? I sure hope not, although no one has ever accused robots of being shilly-shally. And I sure hope...
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Janet Yellen criticizes some Fed members' communications
Nov 14th, 7:26am
CNBC’s Steve Liesman breaks down the latest...
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World's most powerful central bankers speak
Nov 14th, 7:25am
Yellen, Draghi, Carney and Kuroda all spoke in...
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Fed speak in focus
Nov 14th, 7:25am
John Silvia of Wells Fargo Securities gives his...
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Home Depot same-store sales crush Wall Street estimates
Nov 14th, 7:24am
Brian Nagel, Oppenheimer senior analyst, gives his...
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Home Depot profit beats as hurricanes spur demand
Nov 14th, 7:22am
(Reuters) - Home Depot Inc , the largest U.S. home improvement chain, beat analysts' third-quarter sales and profit estimates on Tuesday, as...
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Janet Yellen admits the Fed could be confusing the public with its many voices
Nov 14th, 7:22am
Janet Yellen admits the Fed could be confusing the public with its many...
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CoreLogic Reports Mortgage Delinquency Rates Lowest in More Than a Decade
Nov 14th, 7:19am
Overall Mortgage Delinquency Rate Fell 0.6 Percentage Points Year Over Year Foreclosure Rate Declined 0.3 Percentage Points Year Over Year Serious...
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MBS RECAP: Stronger Start, Weaker Finish, Still Waiting For Game to Start
Nov 13th, 4:53pm
For the first time since 2006, market participants didn't get a weekday off for Veterans Day.  For all intents and purposes, traders...
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The opioid crisis brings new risk to real estate agents
Nov 13th, 2:54pm
CNBC's Diana Olick reports on how real estate...
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Fed normalization not a risk for markets, but an opportunity: JPMorgan international chair
Nov 13th, 2:53pm
The Fed's low interest rates were a good mechanism to extinguish a fire, not to stimulate growth, JPMorgan's Frenkel...
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Haste on Tax Measures May Leave a Trail of Loopholes
Nov 13th, 2:53pm
When moving a bill at breakneck speed, one law that cannot be repealed is the law of unintended consequences, as corporate tax provisions may...
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CFPB sues nation's largest debt-settlement services provider
Nov 13th, 2:53pm
The CFPB has filed a lawsuit in a California federal district court against Freedom Debt Relief (FDR) and its CEO for alleged violations of the...
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Critical week lies ahead for tax reform on Capitol Hill
Nov 13th, 1:19pm
CNBC’s Ylan Mui reports the latest details on the...
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Emerging-Market Bonds See Biggest Yield Jump Since Trump Victory
Nov 13th, 11:53am
Bloomberg Emerging-Market Bonds See Biggest Yield Jump Since Trump Victory Bloomberg A Bloomberg Barclays Index of hard-currency emerging-market...
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Director Cordray criticizes CRA override of CFPB arbitration rule
Nov 13th, 11:23am
In a blog post last week, we noted that there had been no official statement from the CFPB about Congress’ override of the...
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MBS Issuance Slowest in 5 Months at Ginnie
Nov 13th, 11:23am
Securitizations on behalf of the Government National Mortgage Association turned lower last month, falling to the slowest volume in five months....
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Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services
Nov 13th, 11:10am
Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services...Read More
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Former USDA Loan Officer Arrested for Loan Fraud
Nov 13th, 10:53am
A former loan originator for the U.S. Department of Agriculture is accused by the Department of Justice of accepting bribes to commit loan...
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Fannie Mae Announces Results of its Fifth Reperforming Loan ...
Nov 13th, 10:20am
News Release. Share This: November 13, 2017. Fannie Mae Announces Results of its Fifth Reperforming Loan Sale Transaction. ......Read More
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Renting Is Overtaking the Housing Market—Here's Why
Nov 13th, 10:05am
Single-family rentals-either detached homes or townhomes-are developing faster than any other portion of the housing market. The post Renting Is...
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Over $2 Billion in GSE Mortgages Sold
Nov 13th, 10:04am
A unit of Credit Suisse has acquired more than $2 billion in government-sponsored enterprise single-family loans that are reperforming.In all, the...
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Fed Survey Confirms Broader Economic Improvement
Nov 13th, 9:29am
Information provided by the Federal Reserve Board in its October 2017 release of the Senior Loan Officer Opinion Survey (SLOOS) indicates that...
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Mortgage Firm Acquiring Bank
Nov 13th, 9:04am
Approval has been granted by the Federal Reserve Board of Governors for a St. Louis mortgage banking organization to acquire a local...
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U.S. Heavy Truck Sales up Year-over-year in October
Nov 13th, 8:43am
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the October 2017 seasonally adjusted annual...
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Departure of New York Fed president part of 'broad, broad' change at central bank
Nov 13th, 8:33am
CNBC’s Steve Liesman reports on the process to...
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MBS Week Ahead: Bond Markets Aren't in 2014 Anymore, Let Alone Kansas
Nov 13th, 8:31am
Sorry Kansans.  Another false alarm where your home state was in the headline but only as a Wizard of Oz reference.  For bond...
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Bank M&A; Events and Webinars; Jumbo and Non-QM Product Updates
Nov 13th, 8:15am
Posted To: Pipeline PressWells Fargo’s retail lending division & core bank have really “taken it on the chin” in the last...
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Farr: Markets probably pricing in that tax reform won't get done
Nov 13th, 7:52am
CNBC contributor Michael Farr says the markets are...
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Will Tax Bill Really Hurt Housing & Rates?
Nov 13th, 7:37am
Concise recap of 3 housing-related tax benefit changes. The post Will Tax Bill Really Hurt Housing & Rates? appeared first on The Basis...
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10 Years After the Crash, the Boom Times Are Back in Real Estate—but Way Different
Nov 13th, 7:35am
It's been 10 years since the real estate crash that precipitated the Great Recession. We take a giant step back and assess what has happened to...
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US House will reject total elimination of state and local tax deductions, Brady says
Nov 13th, 7:35am
The head of the House of Representatives' tax-writing committee said he would not accept elimination of a federal deduction for state and...
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The Republican Tax Bills Are About to Shrink
Nov 13th, 7:28am
When Republicans in the House and Senate unveiled their tax bills to great fanfare over the last two weeks, they glossed over a small but critical...
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16-Month High for Veterans Mortgage Business
Nov 13th, 6:51am
Mortgage loan originators locked in more loans for veterans than they have during any week in at least 16 months. Government led a week-over-week...
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MBS RECAP: Evidence in Bond Beating Case Circumstantial at Best
Nov 10th, 6:41pm
Bond markets took a beating today and analysts are still trying to build a case against a slew of potential assailants.  Here's what we...
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Mortgage Rates Jump to 2-Week Highs
Nov 10th, 2:31pm
What a difference 2 days make! Freddie Mac's weekly rate survey was out yesterday prompting multiple news outlets to declare "slightly lower...
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S&P 500 and Dow on track to snap 8-week winning streak
Nov 10th, 1:58pm
Sameer Samana, Wells Fargo Investment Institute...
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Employment: October Diffusion Indexes
Nov 10th, 1:57pm
I haven't posted this in some time. Here is some more positive news in the employment report. The BLS diffusion index for total private employment...
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Selling a House to Millennials? Bring a Camera, and Fake Eyelashes
Nov 10th, 1:57pm
A wave of young buyers ask Realtors to help coordinate elaborate post-closing photo shoots for social media. The post Selling a House to...
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Doubts about tax cuts weigh on Wall Street
Nov 10th, 1:52pm
(Reuters) - Wall Street surrendered ground on Friday, with losses seen in Intel and Microsoft as investors worried about the future of promised...
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Quarterly CMBS Issuance Highest in 3 Years
Nov 10th, 12:19pm
Quarterly securitizations of non-agency commercial real estate loans climbed to the highest level in three years, while year-to-date volume is...
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Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-F38
Nov 10th, 12:05pm
Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-F38...Read More
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It's Not a Bubble if it Doesn't Burst
Nov 10th, 11:55am
Posted To: MND NewsWireSomeone must have passed a law; if it is November, you must publish something debunking bubbles. The saturation point is...
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Veteran's Day: Why Stock and Bond Markets Will be Open for the First Time Since 2006
Nov 10th, 11:28am
Which stock and bond markets are closed? None!...Read More
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Alan Greenspan: Big tax cuts a 'mistake.' Fix the debt first
Nov 10th, 11:26am
Alan Greenspan has a message for President Trump and Congress: Now is not the time for big tax cuts....Read More
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Hamptons Homebuyers Have Already Figured Out How to Game the Tax Plan
Nov 10th, 10:24am
Bloomberg Hamptons Homebuyers Have Already Figured Out How to Game the Tax Plan Bloomberg Out in the Hamptons, Wall Street's favored beach...
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Remine Platform Now Includes Property Data On 100 Percent Of U.S. Housing Stock
Nov 10th, 9:38am
IRVINE, Calif., Nov. 10, 2017 /PRNewswire/ -- Remine, a real estate intelligence platform for Agents, now includes detailed property information...
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Consumer sentiment hits 97.8 in November vs. 100.9 estimate
Nov 10th, 9:07am
Consumer confidence was expected to hit 100.7 in November....Read More
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Senate Republicans unveil tax reform plan
Nov 10th, 8:52am
CNBC’s Ylan Mui reports the latest details on the...
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MBS Day Ahead: Bond Weakness Getting More Serious
Nov 10th, 8:41am
After 2 weeks of solid gains, bonds have taken the past 3 days (which includes today's overnight trading) to push back in the other...
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Stocks Extend Drop, Bonds Fall; Dollar Fluctuates: Markets Wrap
Nov 10th, 8:19am
Bloomberg Stocks Extend Drop, Bonds Fall; Dollar Fluctuates: Markets Wrap Bloomberg Stocks around the world extended declines after European...
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Upcoming Events and Webinars; Agency Disaster Updates; Freddie and Fannie
Nov 10th, 8:17am
In lending we should all continue to champion and applaud the individuals and companies that are making a difference in our quest for equality,...
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Prime Working-Age Population nears 2007 Peak
Nov 10th, 8:01am
The prime working age population peaked in 2007, and bottomed at the end of 2012. As of October 2017, according to the BLS, there were still fewer...
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A middle-class tax cut? It depends who and where you are
Nov 10th, 7:59am
With details evolving, uncertainty remains, but House and Senate Republican proposals are unfavorable to those in high-cost states that are...
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CFPB/Fed/OCC increase exemption thresholds for appraisal requirement, Regs Z and M
Nov 10th, 7:58am
The CFPB, Fed, and OCC have published notices in the Federal Register announcing that they are increasing three exemption thresholds that are...
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Senate Tax Plan Maintains Mortgage Interest Deduct
Nov 10th, 12:25am
In its tax reform proposal, the Senate is preserving the mortgage interest deduction at an amount that is double that proposed by the House. Much...
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Mortgage Rates Down, ARM Indices Up
Nov 9th, 10:39pm
Interest rates on residential loans moved lower this past week in line with long-term bond yields. But indices on adjustable-rate mortgages moved...
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Would "Student Loan Mortgages" Solve Homeownership Problems?
Nov 9th, 3:56pm
In June the National Association of Realtors® (NAR) released a "working paper" from the Rosen Consulting Group and the Fisher Center for Real...
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Mortgage Rates Higher After Senate Tax Plan
Nov 9th, 3:50pm
Mortgage rates moved higher for the first time this week, ending a 3-day run at the best levels since mid-October. Today's rates are roughly in...
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MBS RECAP: Bonds Unable to Hold Mid-Day Gains After Senate Tax Plan
Nov 9th, 3:49pm
Bond markets began the day roughly unchanged after initially improving in the overnight session.  Domestic hours saw 10yr yields make 2...
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House Republicans advance tax bill, aim to bring it to a vote next week
Nov 9th, 3:01pm
Following the House Ways and Means Committee's vote, the full chamber could vote on the tax plan as early as next week....Read More
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Here's how the House and Senate tax bills compare
Nov 9th, 3:00pm
The Senate plan broadly follows the outlines of a similar bill making its way through the House but has some key differences....Read More
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Senate releases its tax bill as House continues debate on its version
Nov 9th, 2:44pm
CNBC's Ylan Mui reports the details of the...
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Mortgage Rates Higher as Lenders Catch Up to Yesterday's Market Moves
Nov 9th, 2:22pm
Posted To: Mortgage Rate WatchMortgage rates moved higher for the first time this week, ending a 3-day run at the best levels since mid-October....
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LOS Providers Prepare for HMDA Reporting Changes
Nov 9th, 1:57pm
Multiple loan origination systems are ready for upcoming changes to Home Mortgage Disclosure Act reporting requirements. Meanwhile, an LOS has...
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Senate tax bill has 7 tax brackets, say sources
Nov 9th, 1:53pm
CNBC's Ylan Mui reports the latest on the tax...
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Here's what's in the Senate Republican tax plan
Nov 9th, 1:46pm
The Senate plan contains some key differences from the one working its way through the House....Read More
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How Much Water Homes Use
Nov 9th, 1:46pm
The residential sector accounts for less than 8 percent of water used in the U.S., according to a recent study published by NAHB. The recent...
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Senate GOP plan would delay corporate tax cut until 2019: Washington Post
Nov 9th, 12:50pm
CNBC's Scott Wapner reports on breaking news...
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CMBS, Hotels Lead Increase in CRE Lending
Nov 9th, 11:28am
Quarterly commercial real estate loan production moved higher. Leading the improvement from a year earlier were securitized loans and...
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Tax reform plans becoming a tough sell
Nov 9th, 11:18am
CNBC's John Harwood discusses the current...
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Senate GOP bill would delay corporate tax cut until 2019, says Washington Post
Nov 9th, 11:03am
The Senate tax plan set to be unveiled Thursday will call for delaying a corporate tax cut until 2019...Read More
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Bonds Slump From Germany to Portugal on Concern Rally Overdone
Nov 9th, 10:57am
Bloomberg Bonds Slump From Germany to Portugal on Concern Rally Overdone Bloomberg European government bonds slumped, snapping a rally started...
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Illinois lawmakers override governor's veto of student loan servicing bill
Nov 9th, 10:46am
The Illinois House of Representatives and Senate have voted to override the veto by the state’s Republican governor of Senate Bill 1351,...
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Hutchins Roundup: Fed staff projection descriptions, financial networks, and more
Nov 9th, 10:34am
Studies in this week's Hutchins Roundup find the tone used by the Fed staff in describing its forecast has predictive power for key macroeconomic...
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Fannie Mae Announces Winner of its Latest Non-Performing ...
Nov 9th, 10:14am
News Release. Share This: November 09, 2017. Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale. Alicia Jones. 202-752-5716...
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Los Angeles Takes Top Spot as Nation's Least Affordable Housing Market
Nov 9th, 9:43am
San Francisco, which has been the nation's least affordable major housing market for nearly five years, was supplanted by Los Angeles in the third...
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Is the stock market a bubble?
Nov 9th, 9:38am
Over a week ago I posted five economic questions I'm frequently asked .  Last week I discussed: Are house prices in a new bubble?...
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Freddie Mac November 2017 Insight
Nov 9th, 9:36am
Freddie Mac November 2017 Insight...Read More
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Consumers Plan to Spend About the Same as Last Year on Holiday Gifts
Nov 9th, 9:22am
NEW YORK, Nov. 9, 2017 /PRNewswire/ -- U.S. households plan to spend an average of $560 on gifts this holiday season, about the same as last year,...
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Wholesale inventories rise 0.3 percent, meeting expectations
Nov 9th, 9:07am
The Commerce Department is expected to report an increase in September's wholesale inventories on Wednesday....Read More
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Initial jobless claims up 10K to 239,000
Nov 9th, 8:29am
Jim Iuorio, TJM Institutional Services, breaks down...
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Gradual rate hikes in the US are the best option, says Fed's Mester
Nov 9th, 8:29am
A gradual increase in interest rates is the best way to deal with inflation and support the U.S. economy, Loretta Mester, president and CEO of the...
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Yellen Hasn't Decided Whether to Remain at Fed, Mnuchin Says
Nov 9th, 8:29am
Bloomberg Yellen Hasn't Decided Whether to Remain at Fed, Mnuchin Says Bloomberg Federal Reserve Chair Janet Yellen hasn't yet...
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MBS Day Ahead: Beware Short-Term Bounce Potential But Don't Freak Out Until It's Time
Nov 9th, 8:28am
Bonds are beginning the day in weaker territory for one of several reasons (MBS Live members can read about them in greater detail...
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US Treasurys slightly higher ahead of data, auction announcements
Nov 9th, 8:21am
U.S. government debt prices were slightly higher Thursday, as investors turned their attention to the latest coming out of the data and auctions...
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Jobless claims rise more than expected as hurricane backlog clears
Nov 9th, 8:17am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, suggesting that claims...
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State-Level News, Lending Law Changes; Accounting and Forecasting Products
Nov 9th, 8:14am
Regardless of presidential administration, immigrants, and millions others, need places to live, and this morning a story was published about...
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Senate to release GOP tax reform bill. Here's what to expect
Nov 9th, 7:34am
CNBC's Ylan Mui report the Senate's tax...
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Best Mortgage Originator Ranking
Nov 9th, 7:26am
Borrowers have become less satisfied with their mortgage lenders thanks to longer turn times and an unsatisfying digital process. Quicken Loans...
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Gary Cohn: A year ago, I was advising companies to move out of the US
Nov 9th, 7:24am
CEOs are the group most excited by the prospect of the tax reform, Gary Cohn says....Read More
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Gary Cohn: Trickle-down is good for the economy
Nov 9th, 7:23am
With the tax-cut plan, Gary Cohn says, "...the big thing we're trying to do is we're trying to solve for middle income,...
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Breaking Down The Concept Behind The Mortgage Interest Deduction
Nov 9th, 7:14am
NPR's Robert Siegel talks with Ben Lockwood, assistant professor of Business Economics and Public Policy at the University of Pennsylvania's...
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As US's Lack of Homebuilding Nears Crisis, Fannie Offers Help
Nov 9th, 7:09am
Bloomberg As US's Lack of Homebuilding Nears Crisis, Fannie Offers Help Bloomberg The mortgage-finance giant is considering a series of...
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Impac's Lending, Servicing Rise as Earnings Plunge
Nov 8th, 5:00pm
Impac Mortgage Holdings Inc. expanded its servicing portfolio and had a quarter-over-quarter gain in originations. But earnings deteriorated.In...
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MBS RECAP: Bonds Lose Ground For 1st Time in 6 Trading Sessions
Nov 8th, 3:17pm
Posted To: MBS CommentaryAfter 5 days of gains for longer-term bonds (we'll lump 10yr Treasuries and the MBS coupons that matter to rate...
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Housing Enthusiasm Ebbed After Last Month's All-Time Highs -Fannie Survey
Nov 8th, 2:52pm
Posted To: MND NewsWireFannie Mae blamed diminished confidence in both buying and selling a home for a 3.1 percentage point drop in its Home...
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Mortgage Earnings, Originations Decline at Regions
Nov 8th, 2:36pm
Regions Financial Corp. reported that its mortgage originations declined, as mortgage earnings tumbled. The financial institution reduced the size...
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Interest rate hikes and deregulation hopes helped drive bank stock rally: Analyst
Nov 8th, 2:35pm
Jason Goldberg, managing director and senior equity...
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Mortgage Rates Flat Today, But Some Signs of Pressure
Nov 8th, 2:23pm
Posted To: Mortgage Rate WatchMortgage rates held steady again today, keeping them in line with the lowest levels in more than 3 weeks. They've...
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Zillow CEO: Housing is hot and it's a seller's market
Nov 8th, 1:47pm
Zillow Group CEO Spencer Rascoff discusses the...
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Republican Tax Plan Could Grind Affordable Housing Construction to a Virtual Halt
Nov 8th, 1:47pm
The proposal will likely decimate production of new affordable rental housing, even as housing shortages across the country are driving rents...
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Paul Ryan opens door to delayed corporate tax rate cut
Nov 8th, 1:47pm
WASHINGTON (Reuters) - U.S. House of Representatives Speaker Paul Ryan on Wednesday left the door open to a possible delay in implementing lower...
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When will the CFPB formally acknowledge that Congress has repealed its arbitration rule?
Nov 8th, 1:45pm
Today will mark one week since President Trump signed H.J. Res. 111, the joint resolution passed by the House and Senate disapproving the CFPB...
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Originations: most important housing charts Oct/Nov 2017
Nov 8th, 12:03pm
Today's Best Reads The post Originations: most important housing charts Oct/Nov 2017 appeared first on The Basis Point ....Read More
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PHH Losses Widen as Originations, Servicing Down
Nov 8th, 11:54am
As losses worsened from a year earlier at the parent of PHH Mortgage, loan originations diminished, and the servicing portfolio was slashed. A...
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Capital One exits mortgage loans business, cuts 1,100 jobs
Nov 8th, 11:32am
(Reuters) - Capital One Financial will stop issuing mortgage and home equity loans and cut some 1,100 jobs amid rising interest rates that have...
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Leading Index for Commercial Real Estate "Recovers" in October
Nov 8th, 11:17am
Note: This index is possibly a leading indicator for new non-residential Commercial Real Estate (CRE) investment, except manufacturing. From Dodge...
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Why the housing market got no Trump bump
Nov 8th, 11:09am
A look at why the U.S. housing market has not rallied the way the stock market has....Read More
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Renters Getting Off Easy vs Owners When it Comes to Rising Payments?
Nov 8th, 11:08am
According to CoreLogic, it doesn't matter whether you rent or recently bought a home, your housing costs probably went up over the last year....
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San Diego Home Sales Accelerating Despite Higher Prices
Nov 8th, 9:44am
IRVINE and SILICON VALLEY, Calif., Nov. 8, 2017 /PRNewswire/ -- Home sales in San Diego, California accelerated during the second quarter, even as...
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Refis Offset Bump in Purchase Mortgage Apps
Nov 8th, 9:33am
Mortgage originators completed more weekly applications for loans to finance a home purchase -- with a nice year-over-year improvement. But...
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Which metro areas would be hit hardest in the latest tax plan by capping the mortgage interest deduc
Nov 8th, 8:33am
By far the largest housing subsidy in the U.S. is the mortgage interest deduction (MID), which allows homeowners to deduct interest paid on their...
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Las Vegas Real Estate in October: Sales up 13% YoY, Inventory down 32%
Nov 8th, 8:33am
This is a key distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the...
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Corporate tax rate appears to be in 'limbo' once more
Nov 8th, 8:25am
CNBC's Ylan Mui reports on a possible delay in...
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Draghi Will Miss His Chance to Raise Interest Rates, Nordea Says
Nov 8th, 8:23am
Draghi Will Miss His Chance to Raise Interest Rates, Nordea Says Bloomberg Mario Draghi's tenure as European Central Bank president will...
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Miami Home Sales Rebound In Second Quarter, But Affordability Deteriorates According To Latest Ten-X
Nov 8th, 8:22am
IRVINE, Calif. and SILICON VALLEY, Calif., Nov. 8, 2017 /PRNewswire/ -- Home sales and prices continue to rise in the Miami housing market even as...
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FHA Changes; NY, WV, and NJ Lending Updates
Nov 8th, 8:14am
“These businesses are in a structurally disadvantaged position, given the challenging rate environment and marketplace,” Sanjiv...
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Rate Reversal Helps Market Share for Refinances
Nov 8th, 8:11am
Posted To: MND NewsWireMortgage application activity was generally muted last week accoording to the Mortgage Bankers Association (MBA). Where...
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MBS Day Ahead: At Least There's a 10yr Auction
Nov 8th, 7:53am
Posted To: MBS CommentaryIf you've been putting something off that you might be able to chip away at with an extra 5 minutes each morning this...
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Republican tax plans gain speed; Fitch warns on deficit
Nov 8th, 7:19am
Republicans in the U.S. House of Representatives forged ahead on Tuesday with legislation to reshape the federal tax code....Read More
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Capital One Exits Mortgage Origination Business, Cuts 1100 Jobs
Nov 8th, 7:19am
Bloomberg Capital One Exits Mortgage Origination Business, Cuts 1100 Jobs Bloomberg Capital One Financial Corp. will stop originating mortgage and...
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Lake Michigan CU Servicing Up, Home Lending Down
Nov 7th, 4:49pm
The size of Lake Michigan Credit Union's single-family servicing portfolio increased even as originations subsided.Mortgage staffing was...
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MBS RECAP: Another Slow Day, But At Best Recent Levels
Nov 7th, 4:42pm
We COULD complain about the absence of volume and volatility in bond markets at the moment.  Or we could observe that the calm,...
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Capital One Closing Mortgage Business
Nov 7th, 4:35pm
More than 900 employees in three states will be impacted from a decision by Capital One Financial Corp. to get out of the mortgage business.The...
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Mortgage Rates Steady at 3-Week Lows
Nov 7th, 4:15pm
Mortgage rates held steadier today after spending 6 of the past 7 days moving lower.  They're now at their lowest levels in roughly...
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First Look: 2018 Housing Forecasts
Nov 7th, 4:14pm
Towards the end of each year I collect some housing forecasts for the following year.  This is just a beginning (I'll gather many more)....
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Fed Gov. Randal Quarles promises review of bank regulation
Nov 7th, 3:33pm
CNBC's Steve Liesman reports on comments from...
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Mitch McConnell says Senate GOP will release its tax proposal on Friday
Nov 7th, 3:23pm
McConnell said the Senate will aim to mark up, or debate and amend, the tax bill next week....Read More
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Bond-Market Phenomenon Unseen Since '04 Explains Curve Conundrum
Nov 7th, 3:20pm
Bloomberg Bond-Market Phenomenon Unseen Since '04 Explains Curve Conundrum Bloomberg The latest dive into the topic comes from Joseph...
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PRMI Lending Slows as Servicing Slips
Nov 7th, 3:04pm
Residential loan production slowed at Primary Residential Mortgage Inc., as the servicing portfolio was trimmed, and the payroll was reduced.The...
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Governments Don't Stand a Chance Against Rich People Who Don't Like Taxes
Nov 7th, 12:47pm
People and corporations stash an enormous amount of money-an estimated $8.7 trillion -in tax havens around the world. In recent days, the public...
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House Republicans seek U.S. tax vote next week; Fitch warns on deficit
Nov 7th, 12:47pm
WASHINGTON (Reuters) - Republicans plan to put a bill to overhaul the U.S. tax system to a vote in the House of Representatives next week, a...
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Millennial Home Buyers Send a Chill Through Rental Markets
Nov 7th, 12:46pm
Homeownership has risen to its highest levels since 2014, causing analysts and investors to wonder whether the rental market's good times are...
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Jim Paulsen says the long-standing bull market could take a 'pause'
Nov 7th, 12:45pm
Jim Paulsen, Leuthold Group chief investment...
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Mortgage CFOs, CIOs and Presidents Appointed
Nov 7th, 12:45pm
Several recent C-Suite appointments within the mortgage industry were peppered with a host of mid-level manager hirings and promotions. Impacted...
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No signal for a recession or for the rally to be over anytime soon: Credit Suisse's Jonathan Go
Nov 7th, 11:05am
Paul Christopher, Wells Fargo global market...
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Overvaluation Becoming a Bigger Issue for Home Prices -CoreLogic
Nov 7th, 10:37am
Posted To: MND NewsWireData from CoreLogic could be sounding a bubble alarm. The company's Home Price Report for September jumped almost a point...
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Integration Offers Intelligent Best Execution Capability For Fannie Mae Sellers
Nov 7th, 10:08am
Mortgage Capital Trading, Inc. (MCT), a mortgage hedge advisory and secondary marketing software firm, has released a new online functionality...
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Helping FHA Servicers Optimize Pre-Conveyance Asset Disposition
Nov 7th, 10:00am
Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQ: ASPS), a provider of real estate, mortgage and technology services, released a...
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Construction Job Openings in September
Nov 7th, 9:45am
The count of unfilled jobs in the construction sector declined in September. Given the significant need for repair and restoration work in the...
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House tax panel chair says it expects to vote on plan next week
Nov 7th, 9:31am
U.S. House Republicans plan to bring their tax overhaul bill for a vote next week....Read More
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U.S. Office Space Vacancies Continue Tightening Trend
Nov 7th, 9:19am
DALLAS, Nov. 7, 2017 /PRNewswire/ -- A strong U.S. economy continues to limit the supply of available office space across the country, with the...
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September job openings holds steady near record high
Nov 7th, 9:19am
Job openings posted by U.S. employers in September were expected from the Labor Department on Tuesday....Read More
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Jumbo Loan Availability Declined in October
Nov 7th, 8:56am
Posted To: MND NewsWireAccess to mortgage credit changed very little over the first nine months of 2017, and when there were increases, it seemed...
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How Much Do Rates Matter For Affordability?
Nov 7th, 8:56am
Posted To: MND NewsWireDuring the first eight months of 2017, home prices increased at the fastest clip than any equivalent time period since...
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Nationstar in Play; New Lender; State Credit Scores and Lending Changes
Nov 7th, 8:52am
Posted To: Pipeline PressThe MBA sent a letter to the House Committee on Ways and Means regarding its recently released tax reform proposal. Given...
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MBS Day Ahead: Without Inspiration and Motivation, Things Can Get Weird
Nov 7th, 8:06am
Posted To: MBS CommentaryBond traders are like my 10yr old. If you give them plenty of information to consider and if you lay out the right set of...
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CoreLogic US Home Price Report Reveals Nearly Half of the Nation's Largest 50 Markets are Overv
Nov 7th, 7:22am
National Home Prices Up 7 Percent in September 2017 Home Prices Projected to Increase 4.7 Percent by September 2018 West Virginia Was the Only...
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As rules on reverse mortgages for seniors change, opportunities and concerns arise
Nov 7th, 7:20am
New changes to rules about reverse mortgages enacted by the government in October threaten to make them less attractive to senior...
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It's time to gut the mortgage interest deduction
Nov 7th, 7:20am
The new tax reform bill introduced by the House Ways and Means Committee would significantly downsize the mortgage interest deduction. Although...
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JPMorgan: Expect Fed to raise rates four times in 2018
Nov 7th, 7:19am
JPMorgan chief economist Bruce Kasman says tighter...
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Home Lending Jumps at Navy FCU, Staffing Soars
Nov 6th, 4:29pm
In addition to growing its residential loan servicing portfolio, Navy Federal Credit Union lifted its mortgage production and expanded its...
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Mortgage Rates Drift Calmly Down to 3-Week Lows
Nov 6th, 4:08pm
Posted To: Mortgage Rate WatchMortgage rates continued lower today, despite a blatant lack of underlying motivation in financial markets. By that,...
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MBS RECAP: Bonds Trickle to Best Levels in More Than 2 Weeks
Nov 6th, 4:05pm
Posted To: MBS CommentaryBoth Treasuries and MBS inched their way to the best levels seen in more than 2 weeks today, and it couldn't be much...
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HELOC, GSE and Gov Mortgage Demand Weakens
Nov 6th, 3:46pm
Financial institutions are reporting waning demand for government-sponsored enterprise loans and government-backed home loans. Also weakening was...
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The Trump Fed: Fresher faces, bigger chance for market disruption
Nov 6th, 3:16pm
The Federal Reserve will not only lose its three top-ranking officials but also the more than three decades of experience they brought to...
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New tech firm wants to protect real estate agents from opioid addicts
Nov 6th, 1:17pm
Some drugs addicts are showing up at open houses to access medicine cabinets....Read More
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Fed's Williams lays out a case for switch in how Fed sets rates
Nov 6th, 1:17pm
San Francisco Fed President Williams laid out a case for an approach to setting interest rates that keep rates lower for longer....Read More
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NAHB: Builder Confidence decreases for the 55+ Housing Market in Q3
Nov 6th, 1:12pm
This is a quarterly index that was released last week by the the National Association of Home Builders (NAHB). This index is similar to the...
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FHA's Endorsements Solidly Higher
Nov 6th, 12:20pm
Residential endorsements jumped to the highest level in seven months at the Federal Housing Administration, while commercial real estate activity...
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Santelli Exchange: Decembers are wild
Nov 6th, 11:53am
CNBC's Rick Santelli discusses yield curve...
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Fed's Dudley appeals to Congress to 'do no harm'
Nov 6th, 11:33am
The Federal Reserve's point-person on Wall Street appealed to Congress on Monday to "do no harm" as it considers...
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Fed's top 3 leaders are leaving their posts
Nov 6th, 11:10am
The top three leaders at the Federal Reserve have either left or will leave their posts soon....Read More
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Florida's Affordable Housing Programs: Real People, Real Stories, Real Impact
Nov 6th, 11:01am
TALLAHASSEE, Fla., Nov. 6, 2017 /PRNewswire/ -- Florida Realtors®, the state's largest professional trade association, has launched a new video...
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Realtors Blast Tax Plan Again, Present Ideas for Increasing Homeownership
Nov 6th, 10:20am
Posted To: MND NewsWireThe last of a series of three working papers on the hurdles hampering homeownership was introduced on Friday in conjunction...
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Mixed Results at Ocwen as Servicing Diminishes
Nov 6th, 10:07am
Ocwen Financial Corp. reported growth in mortgage assets and improvement in delinquency. Servicing, however, declined, while losses continued, and...
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Update: Framing Lumber Prices Up Sharply Year-over-year
Nov 6th, 9:58am
Here is another update on framing lumber prices. Early in 2013 lumber prices came close to the housing bubble highs - and prices are once again...
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William Dudley, Chief of New York Fed, to Retire Next Year
Nov 6th, 9:38am
Mr. Dudley, an influential voice on the Federal Reserve's policymaking board, said he would step down from the Federal Reserve Bank of New York in...
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Stellar Year For Las Vegas Luxury Home Sales
Nov 6th, 8:44am
LAS VEGAS, Nov. 6, 2017 /PRNewswire/ -- Kenneth Lowman, Broker/Owner of Luxury Homes of Las Vegas reports that the Las Vegas luxury home market is...
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Hotel Occupancy Rate increases YoY, On Pace for Record Year
Nov 6th, 8:24am
From HotelNewsNow.com: STR: US hotel results for week ending 28 October The U.S. hotel industry reported positive year-over-year results in the...
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Buydowns; Down Payments; USDA - New Lender Products
Nov 6th, 8:23am
Posted To: Pipeline PressNew Lender Programs Impac Mortgage Corp. offers No Income No Employment loans ("Asset Qualification Loans"). Planet Home...
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MBS Day Ahead: Limited Econ Data Leaves Focus on Tax Reform Headlines
Nov 6th, 8:12am
There isn't much by way of relevant data on the economic calendar this week.  In fact, there are no reports that would ever be...
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House begins revising Republican tax bill to quell dissent
Nov 6th, 7:30am
WASHINGTON (Reuters) - Facing pockets of discontent in their own Republican ranks, tax negotiators in the U.S. House of Representatives will seek...
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Job Gains Down in Q2 Mortgage Employment Index
Nov 5th, 6:31pm
The number of people working in the mortgage business moved down on a quarterly basis. Hiring activity has significantly slowed, and the...
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MBS RECAP: Some Sound and Fury, but No Significance
Nov 3rd, 5:30pm
This is more of a recap of the week as a whole because if I tried to just cover today, the screen would look too blank!  NFP came out...
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Mortgage Rates Roughly Unchanged After Jobs Report
Nov 3rd, 4:55pm
Mortgage rates were mostly sideways today although a few lenders offered token improvements.  When we talk about small improvements...
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Parsing Powell, talking taxes
Nov 3rd, 4:21pm
Paul McCulley, former chief economist at PIMCO, and...
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Home builder stocks slump on tax plan
Nov 3rd, 4:21pm
Ken Zener, KeyBanc Capital Markets, and David...
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Cohn Says New Mortgage Deduction Limit Won't Hurt Housing Market
Nov 3rd, 4:20pm
Bloomberg Cohn Says New Mortgage Deduction Limit Won't Hurt Housing Market Bloomberg Gary Cohn, director of the U.S. National Economic...
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CFPB Launches Beta Version of HMDA Platform
Nov 3rd, 4:20pm
On Friday November 3, 2017 the Consumer Financial Protection Bureau (CFPB) announced the launch of the Internet-based platform that financial...
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Bond market sends a warning as Powell gets ready to takeover at Fed
Nov 3rd, 4:20pm
The bond market is sending a warning to the Fed, just as Jerome Powell has been nominated to take over as chairman in February....Read More
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Monthly Consumer Bankruptcy Filings Worsen
Nov 3rd, 3:49pm
There were fewer consumers last month who resorted to the U.S. Bankruptcy Courts for relief from their creditors. Alabama had the highest rate of...
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FHA Biz at 10-Mth Low, Cashout Share at New High
Nov 3rd, 2:00pm
Fewer prospective borrowers locked in rates on mortgages this past week, with locks for loans insured by the Federal Housing Administration slower...
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It's begun: Fed's unwinding of its epic balance sheet officially showing up in the data
Nov 3rd, 1:45pm
The Fed's so-called normalization of its balance sheet is now actually here, data shows....Read More
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Wells Fargo says it faces lawsuits over mortgage and auto loans
Nov 3rd, 1:31pm
(Reuters) - Wells Fargo & Co disclosed in a regulatory filing on Friday that it is facing litigation over previously disclosed sales problems...
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Broker Channel Launch Imminent at PennyMac
Nov 3rd, 1:25pm
Earnings and mortgage originations at PennyMac Financial Services Inc. saw quarter-over-quarter gains and year-over-year losses. A wholesale...
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The Biggest Challenge for Central Bankers: Don't Wreck the Economy
Nov 3rd, 12:16pm
Bloomberg The Biggest Challenge for Central Bankers: Don't Wreck the Economy Bloomberg It was President Donald Trump who dominated the...
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Fmr. Fed Advisor: Powell the right choice for Fed chairman
Nov 3rd, 11:17am
Former Dallas Fed advisor Danielle DiMartino Booth...
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Distressed Sales Drop To 10-Year Low
Nov 3rd, 11:05am
ATTOM Data Solutions released its Q3 2017 U.S. Home Sales Report, which shows that distressed home sales — including bank-owned (REO) sales,...
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Powell will, 'unless he's crazy,' continue Yellen's path, says ex-Fed vice chair
Nov 3rd, 11:03am
Yellen has "set the course both for interest rates and for the diminution of the size of the balance sheet," Alan Blinder...
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Innovative New Mortgage Event Launches
Nov 3rd, 10:52am
NEXT Mortgage Events LLC, a creator of events for women mortgage executives, has announced that today, Friday, November 3, 2017, is the last day...
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Apartment Industry Makes Its Case on Housing Finance Reform
Nov 3rd, 10:49am
Housing finance reform must address the unique differences between the multifamily and single-family industries and maintain an explicit, paid-for...
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Texas home sales decline on quarterly basis for first time since 2012
Nov 3rd, 10:40am
AUSTIN, Nov. 3, 2017 /PRNewswire-USNewswire/ -- Texas home sales declined slightly in the third quarter of 2017, according to the 2017-Q3 Texas...
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Hurricane-damaged jobs number won't sway the Fed from rate hike
Nov 3rd, 10:16am
October's flat wages and big drop in labor participation look like negatives, but economists are writing it off as storm damage and expect the Fed...
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US Employment Soars as Mortgage Jobs Contract
Nov 3rd, 10:16am
The employment report for last month was a stark improvement from the dismal report for September as unemployment fell to its lowest level since...
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Comment on Employment Report: Hurricane Bounce Back, Record Job Streak Still Alive!
Nov 3rd, 9:53am
The headline jobs number was strong at 261 thousand  - due to a bounce back from the hurricanes - but below expectations. However a key...
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ISM non-manufacturing index comes in higher than forecasts
Nov 3rd, 9:44am
CNBC’s Rick Santelli reports on the latest...
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NAR Jumps into Tax Reform Fight; MBA Holds the Towel
Nov 3rd, 9:43am
While the National Association of Home Builders (NAHB) was fast out of the box yesterday, slamming the newly released Republican tax reform...
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'Too young' Warsh reportedly blew his Fed interview with Trump while Powell aced his
Nov 3rd, 9:34am
During unusual Fed vetting process, Trump consulted casino mogul Steve Wynn and an impromptu show-of-hands poll of Senate Republicans...Read More
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U.S. factory orders rise, core capital goods orders revised higher
Nov 3rd, 9:22am
WASHINGTON (Reuters) - New orders for U.S.-made goods rose for a second straight month in September and orders for core capital goods were...
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Industry Heads Agree on Explicit Government Guarantee for Fannie and Freddie
Nov 3rd, 9:14am
The second in a scheduled three-part hearing on Sustainable Housing Finance was held on Thursday by the Housing and Insurance subcommittee of the...
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ISM non-manufacturing index hits highest reading since index debuted in 2008
Nov 3rd, 9:09am
Economists polled by Reuters expected non-manufacturing economic activity to shrink slightly in October....Read More
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Fed Leaves Rates Unchanged, Current Range Deemed "Accommodative"
Nov 3rd, 9:07am
On Wednesday, November 1, the Federal Open Markets Committee ("FOMC") decided to leave its interest rate, the federal funds rate, unchanged at a...
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September's Private Residential Construction Virtually Unchanged from August
Nov 3rd, 8:55am
September's Private Residential Construction Virtually Unchanged from August...Read More
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Here's what Friday's jobs report means for the economy and interest rates
Nov 3rd, 8:33am
CNBC's Steve Liesman; Larry Kudlow, CNBC...
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MI Company News; LIBOR, The Tax Proposal, and Fed Chair Nominee
Nov 3rd, 8:23am
Posted To: Pipeline PressOne can focus on how to obtain a free sandwich today , since it is National Sandwich Day, or focus on the new tax...
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Powell Inherits a Fed That's Slowly Earning Bond Traders' Trust
Nov 3rd, 7:47am
Powell Inherits a Fed That's Slowly Earning Bond Traders' Trust Bloomberg When it comes to winning over traders in the $14.2...
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US created 261,000 jobs in October, unemployment rate at 4.1 percent
Nov 3rd, 7:47am
The U.S. was expected to create 310,000 jobs in October, after losing 33,000 jobs a month earlier in the wake of devastating hurricanes....Read More
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MBS Day Ahead: Does NFP Matter?
Nov 3rd, 7:29am
On average, NFP (the "nonfarm payrolls" component of the Employment Situation report which also refers to the broader report itself) is the...
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MBS RECAP: Tax Plan Overwhelms Markets, but Fails to Stir Much Reaction
Nov 2nd, 5:46pm
Traders' eyes were far more burdened than their fingers (which push the "trade" button) today.  There was a ton of info to take in...
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Book of Business Expands at Genworth M.I.
Nov 2nd, 5:29pm
The book of business expanded at Genworth Mortgage Insurance Corp. In addition, new insurance written was up from three months earlier.Parent...
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Yellen Will Leave Top Fed Post With Solid Record
Nov 2nd, 5:21pm
As Fed chair, Janet Yellen helped the central bank largely achieve its mandate to engineer full employment while keeping inflation at a level that...
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The GOP Targets America's Most Loved and Hated Tax Break
Nov 2nd, 5:21pm
If there is one part of the tax code that is almost universally excoriated by economists, it is the mortgage interest deduction. Emerging from a...
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ARM Indices Increase as Mortgage Rates Hold
Nov 2nd, 5:18pm
A pair of indices utilized to determine rate changes on some adjustable-rate mortgages both moved higher from a week earlier. Fixed mortgage...
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Mortgage Rates Back to 2-Week Lows After Tax Plan
Nov 2nd, 4:52pm
Mortgage rates improved moderately today following the release of the GOP tax bill and confirmation of Jerome Powell as Trump's Fed...
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Nationstar Mortgage Lending Jumps, Could Go Higher
Nov 2nd, 4:02pm
A sequential acceleration in home-lending activity at Nationstar Mortgage Holdings Inc. is likely to repeat as the company trimmed refinance...
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Big Technology Enhancements Ahead At BofA
Nov 2nd, 3:07pm
Bank of America Corp. is studying using biometrics to replace user IDs and passwords, planning to introduce a rapid new mortgage application tool...
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GOP Tax Plan Halves Max Mortgage Interest Deduct
Nov 2nd, 2:56pm
The sacred right to an interest deduction for U.S. homeowners is being tampered with in a tax plan proposed by the Republican-led House.House...
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Builders Blast Tax Proposal; Realtors not Smiling Either
Nov 2nd, 2:46pm
Posted To: MND NewsWireCongressional leadership and the Trump Administration stand accused of " abandoning middle-class taxpayers in favor of...
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Homebuilder stocks hit on mortgage deduction proposal
Nov 2nd, 2:17pm
CNBC's Diana Olick reports on the impact on...
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NAHB CEO: Tax plan on the verge of starting a housing recession
Nov 2nd, 2:17pm
Jerry Howard, National Association of Home Builders...
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Fed faces big changes in coming months. Here's what to expect
Nov 2nd, 2:16pm
Rebecca Patterson, Bessemer Trust; Dennis Gartman,...
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Is a Recession Imminent?
Nov 2nd, 2:16pm
Last Friday I posted five economic questions I'm frequently asked .  Earlier this week I discussed: Are house prices in a new bubble?...
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Goldman: October Payrolls Preview
Nov 2nd, 2:16pm
A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate that nonfarm payrolls increased 340k in October , above...
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Trump picks Jerome Powell to succeed Yellen as Fed chair
Nov 2nd, 2:16pm
President Donald Trump nominated Jerome Powell to run the Fed, in a move widely expected and one unlikely to disturb the roaring stock...
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Republicans unveil tax cut bill, but the hard work awaits
Nov 2nd, 2:16pm
WASHINGTON (Reuters) - U.S. House of Representatives Republicans unveiled long-delayed legislation on Thursday to deliver deep tax cuts that...
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How to know if you'll be affected by the proposed repeal of the estate tax
Nov 2nd, 2:16pm
House Republicans unveiled their plan to overhaul the tax code on Thursday....Read More
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Fannie's Financing Off From Year Ago, Income Holds
Nov 2nd, 1:28pm
Quarterly mortgage financing provided by Fannie Mae fell by more than $30 billion from a year earlier, though activity has accelerated from three...
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House GOP tax bill for middle class or corporations?
Nov 2nd, 11:49am
CNBC's Ylan Mui reports the details of the...
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Homebuilder stocks rocked by tax reform plan
Nov 2nd, 11:33am
The homebuilding industry looks like an early loser from the GOP plan to overhaul the tax system....Read More
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Hutchins Roundup: Market concentration, youth-targeted tax cuts, and more
Nov 2nd, 11:06am
Studies in this week's Hutchins Roundup find that increased market concentration has neither increased prices nor lowered output, youth-targeted...
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Realtors Say Ultra-Tight Inventories Made Q3 Housing "Underwhelming"
Nov 2nd, 10:52am
Posted To: MND NewsWireThe rate of appreciation slowed a bit, but home prices both nationally and in most major metropolitan areas grew...
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Residential Spending Scores Significant Annual Gains
Nov 2nd, 10:41am
Posted To: MND NewsWireThere was a slight increase in total spending on construction in September. The U.S. Census Bureau says that all...
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Bond yields lower, dollar slips as markets treat tax package with skepticism
Nov 2nd, 10:27am
Bond yields fell and the dollar weakened as markets greeted the House tax bill with skepticism....Read More
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HECM Production Down at All But 2 of Top-5 Lenders
Nov 2nd, 10:15am
Government-insured reverse mortgage production slowed last month. While endorsements were down at three of the top-5 players in the space, two...
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National Retail Federation: Corporate tax rate cut will be good for economy overall
Nov 2nd, 10:11am
National Retail Federation President & CEO...
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Why Powell is not as safe a choice for Fed Chair as the markets think
Nov 2nd, 9:44am
Fed Chair choice Jerome Powell is no Janet Yellen, says Notre Dame Prof. Jeffrey Bergstrand. Here's why....Read More
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Republican tax plan to lower cap on mortgage interest deduction to $500,000 loans
Nov 2nd, 9:32am
Proposals would impact almost every American...Read More
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55+ Builders and Developers Stay Confident in Third Quarter
Nov 2nd, 9:20am
Builder confidence in the 55+ housing market remained in positive territory in the third quarter of 2017, with a single-family 55+ housing market...
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October Employment Preview
Nov 2nd, 9:20am
On Friday at 8:30 AM ET, the BLS will release the employment report for October. A key question is how much did hurricanes Harvey and Irma impact...
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20% corporate tax rate will be permanent, sources tell CNBC
Nov 2nd, 9:07am
CNBC's Ylan Mui reports on the corporate tax...
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U.S. jobless claims near 44-1/2-year low; productivity accelerates
Nov 2nd, 8:53am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to a near 44-1/2-year low last week, supporting expectations...
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What We Know About the GOP Tax Bill Ahead of Today's Rollout
Nov 2nd, 8:34am
House Republican leaders plan to unveil a tax bill Thursday that would cut the corporate tax rate to 20 percent and leave it there -- abandoning...
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3.5% economic growth is possible with GOP tax cuts, says House Financial Services chair
Nov 2nd, 8:33am
The votes will be there to pass the GOP tax packages, predicts retiring Rep. Jeb Hensarling....Read More
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Point Users Can Access Lender's Section 184 Loans For Native Americans
Nov 2nd, 8:29am
Calyx Point users can now access products and pricing information for 1st Tribal Lending programs, regardless of whether they have registered to...
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Jay Powell speaks on bank rate, but nothing about Fed chair nomination
Nov 2nd, 8:26am
Fed Governor Jay Powell delivered a speech Thursday morning but dropped no hints about his impending appointment to lead the central bank....Read More
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Lenders Weigh In On The Importance Of Efficient Mortgage Technology
Nov 2nd, 8:23am
Lenders One polled participants at its annual Summer Conference on their use of technology and their expectations for the market in the year...
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Impac Leadership Change; 17-35 Year-Olds Moving Housing
Nov 2nd, 8:20am
Posted To: Pipeline PressToday the House Financial Services subcommittee is holding another hearing on GSE reform. Nothing is simple, but with...
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MBS Day Ahead: More Fed Musical Chairs; Tax Plans; NFP Tomorrow
Nov 2nd, 8:13am
There are only so many ways to say the same thing, but I'll at least update the chart to show that bonds remain inside the same boundaries...
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It's about time Fed had 'market practitioner' at the helm: Fixed income strategist
Nov 2nd, 8:02am
Robert Michele, JPMorgan Asset Management, weighs...
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US third-quarter productivity fastest in three years
Nov 2nd, 7:55am
U.S. worker productivity increased at its fastest pace in three years, holding down labor costs, but the trend in productivity growth remained...
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U.S. jobless claims fall to near 44-1/2-year low
Nov 2nd, 7:54am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to a near 44-1/2-year low last week, supporting expectations...
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National Rent Growth Decelerates in August
Nov 2nd, 7:54am
National Rent Growth Decelerates in August...Read More
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Bank of England Raises Rates for First Time in a Decade
Nov 2nd, 7:54am
The interest rate increase comes at a delicate time for the British economy, as the central bank tries to strike a balance between moderate growth...
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Ocwen Switches Servicing Systems Per Consent Orders
Nov 1st, 5:10pm
Ocwen Financial Corp.'s residential loan servicing subsidiary is changing its mortgage servicing system as was required by recent orders with...
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Record Business, Earnings at NMI
Nov 1st, 4:35pm
Quarterly pre-tax income and quarterly new business each ascended to the highest level ever at NMI Holdings. In addition, the book of business ...
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Market shrugs off Fed's 'bland' comments on economy as it awaits Yellen replacement
Nov 1st, 4:20pm
The Fed is on track to hike raise interest rates in December, noting that the economy is improving and is now "solid."...Read More
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Trump to pick Powell to be Fed chair: WSJ reports, citing source
Nov 1st, 4:20pm
Trump to pick Powell to be Fed chair: WSJ reports, citing...
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President Trump signs CFPB arbitration rule override
Nov 1st, 4:19pm
Today, President Trump signed H.J. Res. 111, the joint resolution passed by the House and Senate disapproving the CFPB arbitration rule. The House...
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Mortgage Rates Unchanged to Slightly Higher
Nov 1st, 3:45pm
Mortgage rates were slightly higher today, on average, as bond markets backed away from their stronger levels seen during the last 2...
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Risk Eases on Mortgage Apps, Though Up From 2016
Nov 1st, 3:07pm
Bad data on residential loan applications was a little less likely in September, though risk was worse by a fifth compared to last year. Risk...
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Which States Do Home Buyers Want to Move to—and From?
Nov 1st, 3:03pm
High home prices and cost of living may finally be driving folks out of the most expensive cities. But where they'd like to move to may just...
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CFPB October 2017 "special edition" complaint report highlights servicemember complaints
Nov 1st, 2:08pm
The CFPB's October 2017 complaint report, which the CFPB calls a “special edition” monthly complaint report, departs from the...
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Measured Fed decision signals December hike likely
Nov 1st, 2:08pm
David Lebovitz, JPMorgan Asset Management; Danielle...
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Janus' Bill Gross: Here's what the flattening yield curve means for the economy
Nov 1st, 2:08pm
Janus Henderson's Bill Gross discusses his...
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Trump reportedly demanding tax reform bill be called 'The Cut Cut Cut Act'
Nov 1st, 2:01pm
Republicans on Capitol Hill prefer a more traditional title for the legislation, and one that reflects reform of the tax code, and not simply...
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Fed holds off on rate hike, opens door to December
Nov 1st, 1:10pm
The Federal Reserve was not expected to raise interest rates at this week's two-day meeting of the Federal Open Market Committee....Read More
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Differences Between Previous and Current FOMC Statements
Nov 1st, 1:09pm
Posted To: MBS CommentaryInformation received since the Federal Open Market Committee met in July September indicates that the labor market has...
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FHLMC Issuance Soars as FNMA Drops and GNMA Off
Nov 1st, 12:59pm
A month-over-month surge in the issuance of Freddie Mac mortgage-backed securities wasn't enough to offset deterioration at its agency...
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Trump: I think Janet Yellen is excellent
Nov 1st, 12:38pm
CNBC's Eamon Javers reports on President...
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Watch Fed chair frontrunner Jay Powell in his own words
Nov 1st, 12:38pm
President Trump is reportedly leaning toward...
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Santelli Exchange: Good 'buys' and long 'goodbyes'
Nov 1st, 11:59am
CNBC's Rick Santelli discusses the correlation...
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Trump says current Fed chair Yellen is 'excellent'
Nov 1st, 11:40am
WASHINGTON (Reuters) - President Donald Trump said on Wednesday he thought Federal Reserve Chair Janet Yellen was "excellent" but declined to say...
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Single Family and Multifamily Construction Spending Post Gains
Nov 1st, 11:32am
NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted...
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Records for Dow, S&P and Nasdaq ahead of Fed decision
Nov 1st, 11:27am
CNBC's Mike Santoli talks about the state of...
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Fannie Mae Issues September Volume Summary
Nov 1st, 11:01am
Posted To: MND NewsWireFannie Mae's Book of Business increased at a compounded annual rate of 2.7 percent in September to a value of $3.196...
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Self-employed turn to non-bank lenders to crack the housing market
Nov 1st, 10:54am
More aspiring U.S. homebuyers are getting mortgages from "non-banks" that can accommodate borrowers....Read More
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Meridian Bank Announces Commencement Of Public Offering
Nov 1st, 10:54am
Meridian Bank has commenced an underwritten public offering of approximately 2.2 million shares of its common stock, with an initial public...
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Price Gains Built on Fundamentals or Full of Hot Air?
Nov 1st, 10:51am
Posted To: MND NewsWireWhenever housing prices rise faster than the rate of inflation, the question arises, are we in a housing bubble? Two Urban...
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Seasoned Mortgage Professional Joins AmeriFirst Home Mortgage
Nov 1st, 10:45am
AmeriFirst Home Mortgage, a division of AmeriFirst Financial Corp., announces that its premier mortgage lending team in the Southeast region of...
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Growth in US Manufacturing Eases From a 13-Year High
Nov 1st, 10:19am
Bloomberg Growth in US Manufacturing Eases From a 13-Year High Bloomberg Manufacturing remained solid in October even as expansion at U.S....
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Market optimism hits Black Monday-level peak, a 'potential significant danger'
Nov 1st, 10:00am
The spread between bulls and bears hasn't been this high since shortly before the Black Monday crash....Read More
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U.S. construction spending rises in Sept, but August revised lower
Nov 1st, 9:24am
WASHINGTON (Reuters) - U.S. construction spending unexpectedly rose in September as a surge in public construction outlays offset the third...
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ISM manufacturing index hits 58.7 in October; construction spending up 0.3% in September
Nov 1st, 9:08am
Non-manufacturing economic activity eased in October after two months of momentum....Read More
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Moody's Analytics' Mark Zandi: Jobs growth indicates good economy
Nov 1st, 8:28am
Mark Zandi, Moody's Analytics chief economist,...
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Broker Events; Regulatory-Driven Lender Changes; FHLB News
Nov 1st, 8:14am
Posted To: Pipeline PressSometimes things can be misleading, or don’t tell the whole story. For example, a 15-oz. bottle of Naked Green...
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MBS Day Ahead: Bond Momentum Shifts to Neutral Ahead of Bigger Market Movers
Nov 1st, 8:04am
Friday and Monday were (relatively) great days for bond markets.  For our purposes, at least, they signified an important push back...
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U.S. private sector adds 235,000 jobs in October: ADP
Nov 1st, 7:40am
NEW YORK (Reuters) - U.S. private employers hired 235,000 workers in October, the most since March and exceeding a median forecast of 200,000...
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Morgan Stanley to Traders: Knee-Jerk Fed Chair Move Won't Last
Nov 1st, 7:14am
Bloomberg Morgan Stanley to Traders: Knee-Jerk Fed Chair Move Won't Last Bloomberg However the bond market reacts to President Donald...
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Countdown to the Fed decision
Nov 1st, 7:12am
Policy makers are widely expected to leave rates...
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Rep. Diane Black: House will roll out tax plan Thursday morning
Nov 1st, 7:12am
Rep. Diane Black, (R-Tenn.), House Budget Committee...
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Purchase Apps Almost Break Even While Refis Slide
Nov 1st, 7:10am
The week ended October 27 saw yet another decline in mortgage applications, making it the sixth week out of the last seven that the Mortgage...
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Guild's Servicing Grows, YTD Lending Record
Oct 31st, 6:35pm
The servicing portfolio expanded on a quarter-over-quarter and year-over-year basis at Guild Mortgage Co. as year-to-date originations reached an...
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Business Edges Up Again at Fannie, SF Lates Rise
Oct 31st, 5:57pm
New business was up for the second consecutive month at Fannie Mae, though just slightly. Residential loan delinquency turned up 2 basis points...
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Home Price Appreciation Likely to Moderate
Oct 31st, 4:27pm
National home prices continued to make gains, but the pace of appreciation is likely to moderate. While the biggest gains had been concentrated in...
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Property tax deal near, Republicans sprint for bill
Oct 31st, 3:55pm
WASHINGTON (Reuters) - Quarreling Republicans in Congress were close to a deal on Tuesday to preserve a federal tax deduction for state and local...
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MBS RECAP: Uncharacteristically Quiet Month-End Trading Session
Oct 31st, 3:48pm
Today was the last day of trading for the month of October.  That means money managers had to get a certain amount of bond buying...
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Homebuilder stocks rallying after data shows surging home prices
Oct 31st, 3:23pm
CNBC’s Brian Sullivan reports on rallying...
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Mortgage Rates Down to 2-Week Lows
Oct 31st, 2:49pm
Mortgage rates continued lower today, despite an absence of improvement in underlying bond markets.  That's not too surprising...
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House Financial Services Chairman Jeb Hensarling will not run for re-election in 2018
Oct 31st, 2:05pm
CNBC's John Harwood reports that Rep. Jeb...
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Homebuilder creates school to help ease labor shortage
Oct 31st, 2:05pm
CNBC's Diana Olick reports on a free...
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Chair of House Financial Services Committee will not run for re-election in 2018
Oct 31st, 2:04pm
Chair of House Financial Services Committee will not run for re-election in 2018|| 104809096...Read More
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CMBS Defaults Sink, Hotel Delinquency Plunges
Oct 31st, 1:18pm
Servicers of securitized commercial real estate loans issued just prior to the financial crisis have weathered the storm of defaults on maturing...
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Santelli Exchange: Is over 3% growth really that illusive?
Oct 31st, 1:12pm
CNBC's Rick Santelli discusses data, policy and...
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Real House Prices and Price-to-Rent Ratio in August
Oct 31st, 1:11pm
Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 6.1% year-over-year in August It has been more than...
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Trump says he wants House to pass tax reform by Thanksgiving
Oct 31st, 1:11pm
When asked if he was looking into phasing in corporate tax rate reductions, Trump responded "We're not looking for that, hopefully not."...Read More
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Technology Achieves 100 Percent Investor Adoption
Oct 31st, 12:35pm
Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has gained...
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PathSoftware Now Integrated With ComplianceAnalyzer From ComplianceEase
Oct 31st, 12:28pm
PathSoftware today announced that Path, its highly-configurable, multi-channel, cloud-based mortgage loan origination software (LOS), is now...
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Homeownership Stuck in Neutral as Rents Rise
Oct 31st, 11:47am
The overall homeownership rate barely budged in the third quarter of 2017, and remains only 1 percentage point above its all-time low reached in...
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6 Steps for Preparing Your Home for Winter
Oct 31st, 11:02am
Keep your home in one piece this winter by following these 6 easy steps for preparing your home this fall. The post 6 Steps for Preparing Your...
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Expect two more quarters of 3% growth before an economic plateau: OppenheimerFunds CIO
Oct 31st, 10:52am
Krishna Memani, OppenheimerFunds chief investment...
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DebtX: CMBS Loan Prices Decrease In September
Oct 31st, 10:30am
BOSTON, Oct. 31, 2017 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying...
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Freddie Finances More Housing Units
Oct 31st, 9:38am
More housing units were financed by the Federal Home Loan Mortgage Corp. during the latest quarter. Earnings rose on a legal settlement.During the...
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HVS: Q3 2017 Homeownership and Vacancy Rates
Oct 31st, 9:31am
The Census Bureau released the Residential Vacancies and Homeownership report for Q3 2017. This report is frequently mentioned by analysts and the...
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Chicago PMI 66.2 vs. 60 estimate
Oct 31st, 9:21am
CNBC's Rick Santelli breaks down the latest...
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Home Prices Appear Unstoppable