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Mortgage Lender Loses Appeal in MA Foreclosure Case
Aug 16th, 4:58pm
The Massachusetts Supreme Judicial Court held that its ruling in Pinti v. Emigrant Mortgage Co., 472 Mass. 226, 227, 232 (2015) "applies in...
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MBS RECAP: Bonds Rallied on Trump Tweet Before it Ever Came Out
Aug 16th, 4:28pm
Today looked like it would be all about waiting for the Fed Minutes to see if there were any surprises.  That plan began in fairly good...
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Mortgage Rates Back to 2017 Lows on Trump Tweet
Aug 16th, 4:05pm
Mortgage rates dropped today after news broke (first rumors, then confirmation via Twitter) that President Trump was disbanding his...
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VA Mortgage Share Up as Credit Conditions Ease
Aug 16th, 3:32pm
Veterans home loans guaranteed by the government have grabbed a bigger share of the mortgage market over the past year. Credit scores and income...
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Recap: Trump abruptly ends manufacturing council
Aug 16th, 3:09pm
CNBC's Andrew Ross Sorkin recaps the events...
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FED: Concerned about inflation & rate hikes
Aug 16th, 3:09pm
CNBC's Hampton Pearson reports the minutes from...
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Trump tweets about ending Manufacturing Council, Strategic & Policy forum
Aug 16th, 3:09pm
President Donald Trump tweets he is ending both...
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Fed's Mester says U.S. rate hikes should continue despite weak inflation
Aug 16th, 2:57pm
NEW YORK (Reuters) - Cleveland Federal Reserve Bank President Loretta Mester said the recent weakness in U.S. inflation has not convinced her the...
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NY Fed: "Household Borrowing Grows Modestly; Credit Card Delinquencies Rise"
Aug 16th, 2:55pm
From the NY Fed: Household Borrowing Grows Modestly; Credit Card Delinquencies Rise The CMD's latest Quarterly Report on Household Debt and Credit...
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Minutes of the Federal Open Market Committee, July 25-26, 2017
Aug 16th, 1:16pm
Minutes of the Federal Open Market Committee, July 25-26, 2017...Read More
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Fed policymakers grow more worried about weak inflation: minutes
Aug 16th, 1:15pm
WASHINGTON (Reuters) - Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further...
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Construction Permits, Starts & Completions Down
Aug 16th, 1:05pm
Although single-family permits held up from the previous month, multifamily dragged down overall authorizations. Also slowing from the previous...
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Trump says ending two CEO advisory panels: tweet
Aug 16th, 12:59pm
WASHINGTON (Reuters) - U.S. President Donald Trump dismantled two CEO advisory panels on Wednesday as a growing number of chief executives...
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New Single-Family Home Size Trends Lower
Aug 16th, 12:57pm
After increasing and leveling off in recent years, new single-family home size continued along a general trend of decreasing size during the...
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Mortgage rates drop to lowest since election, but borrowers barely budge
Aug 16th, 11:26am
Total mortgage application volume rose just 0.1...
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Every Region of U.S. Sees Fewer New Homes Hitting the Market—Except One
Aug 16th, 11:26am
New home construction isn't expect to ease the maddening housing crunch anytime soon except, perhaps, in one part of the country. The post Every...
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Fed's Fischer calls Trump-led rollback of Wall Street regulations â€
Aug 16th, 11:26am
The Federal Reserve's second in command warns the Trump administration's rollback of bank regulations may be "very dangerous" and another senior...
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Comments on July Housing Starts
Aug 16th, 11:26am
Earlier: Housing Starts decreased to 1.155 Million Annual Rate in July The housing starts report released this morning showed starts were down...
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Home Prices Jump 6.2 Percent in Second Quarter; Eclipse 2016 High
Aug 16th, 11:26am
WASHINGTON (August 16, 2017) — The headstrong supply and demand imbalances in much of the country slightly tempered the pace of sales...
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Drop in Purchase Mortgage Apps Offsets Refi Rise
Aug 16th, 11:25am
Although the number of borrowers who applied to refinance their mortgages expanded, a week-over-week drop in applications to finance a home...
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Pitiful Housing Supply Slighted Dampened Q2 Home Sales
Aug 16th, 9:57am
Headstrong is a rather interesting word, but the National Association of Realtors® (NAR) chose it to describe the continuing imbalance between...
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Mortgage Balances Up, Lates at Post-Recession Low
Aug 16th, 9:54am
Average mortgage balances have risen despite falling loan amounts on new originations. Home loan performance, meanwhile, is the best it's been...
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CFPB warns consumers about debt relief/settlement companies; Ballard to hold Nov. 9 webinar
Aug 16th, 9:42am
Last week, the CFPB published a blog post with tips for consumers facing a cash flow emergency. We were glad to see that the blog post included a...
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Construction Indicators Slide, Housing Starts Suffer
Aug 16th, 8:54am
After posting unexpectedly high numbers in June, all three residential construction indicators lost ground in July, and one, housing starts, is...
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US stocks open higher as Wall Street braces for the release of Fed meeting summary
Aug 16th, 8:35am
U.S. equities opened higher on Wednesday as investors looked ahead to a key release from the Federal Reserve....Read More
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MBS Day Ahead: How Much Might Today's Fed Minutes Matter?
Aug 16th, 8:32am
Today's biggest calendar item is the release of the FOMC Minutes at 2pm.  The Minutes provide synopsis of the meeting that took place in...
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July housing starts down 4.8% vs. up 0.4% est.
Aug 16th, 8:18am
CNBC's Rick Santelli, reports on last...
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US housing starts, permits fall unexpectedly in July
Aug 16th, 7:47am
U.S. home building unexpectedly fell in July as the construction of single- and multi-family homes declined....Read More
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More and More eClosings; Credit Score Trends: 850 FICO a Goal?
Aug 16th, 7:33am
I’ve only been in this business since the mid-80s, and as a capital markets person always find it amusing when an owner says, “If it...
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Atlantic Fed CEO: Our models show economy 'much stronger' in second half
Aug 16th, 7:24am
Raphael Bostic, Atlantic Federal Reserve president...
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Great Recession so deep that people don't trust long-term investments, Atlanta Fed president sa
Aug 16th, 7:22am
"The Great Recession was so deep and is scared people so significantly that they are reluctant to trust in long-term...
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Texas Is a Homebuilding Machine. And the Rest of the US?
Aug 16th, 7:20am
Bloomberg Texas Is a Homebuilding Machine. And the Rest of the US? Bloomberg Austin, Dallas, and Houston are on pace to issue more than 10 percent...
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Purchases Drag Down Mortgage Application Volume
Aug 16th, 7:17am
A decline in applications for home purchases nearly overwhelmed the gain made by refinancing activity during the week ended August 11. ...
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U.S. Mortgages Outstanding Grow, HELOCs Shrink
Aug 15th, 6:00pm
On a quarterly basis, the nation's book of mortgages expanded, though home-secured credit lines contracted. Mortgage delinquency improvedNew...
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FHA Endorsements Rise, Delinquency Down
Aug 15th, 4:52pm
Monthly new business at the Federal Housing Administration moved higher, while an improvement was recorded for delinquency. The agency grew its...
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Freddie Mac Prices $643 Million Multifamily K-Deal, K-BF1, Backed by Properties Controlled by Brookf
Aug 15th, 3:43pm
Freddie Mac Prices $643 Million Multifamily K-Deal, K-BF1, Backed by Properties Controlled by Brookfield Asset Management Read More
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MBS RECAP: Bonds Threaten Momentum Shift
Aug 15th, 3:15pm
Posted To: MBS CommentaryToday was mostly about North Korean de-escalation, and somewhat about stronger economic data. If you haven't heard 43...
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As housing affordability weakens, more buyers are left out in the cold
Aug 15th, 3:02pm
Homes priced under $200,000 made up 44 percent of...
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Rates Rising as North Korea Talks Baseball
Aug 15th, 2:21pm
Posted To: Mortgage Rate WatchMortgage rates continued higher today as markets reacted to news that North Korea would tactically abstain from...
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The idea that Home Depot is just going to roll over and die from Amazon is wrong: Analyst
Aug 15th, 2:19pm
Peter Keith, Piper Jaffray, and Scott Mushkin,...
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Newly built homes skew ever richer
Aug 15th, 2:09pm
The cost of housing is rising at a fast clip, and nowhere is it more apparent than in the market for newly built homes....Read More
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Northeast Leads Rise in Home Builder Confidence
Aug 15th, 12:34pm
A month-over-month improvement in home builder confidence was led by the Northeast, though there are still more pessimistic builders in the region...
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Big Landlord Merger Sounds Scary but Probably Isn't
Aug 15th, 12:04pm
One of the many shifts endured by the housing industry during the Great Recession was the entry of institutional investors into the single-family...
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Americans' debt level notches a new record high
Aug 15th, 11:57am
NEW YORK (Reuters) - Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its...
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Traders lift bets on one more rate hike this year up above 50%
Aug 15th, 11:56am
Traders on the federal-funds futures market ramped up their bets for one more rate hike this year to above 50%, according to CME Group data. 47%...
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Serious Mortgage Delinquency Ticks Higher
Aug 15th, 11:55am
Home loans considered to be seriously delinquent accounted for a greater share of overall loans than in the preceding month. Dallas saw the...
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US business inventories post biggest gain in seven months
Aug 15th, 10:01am
U.S. business inventories recorded their biggest increase in seven months in June....Read More
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Amazon's debt offering to fund Whole Foods acquisition includes 40-year bond
Aug 15th, 9:58am
Amazon.com announced Tuesday a private debt offering to fund its acquisition of Whole Foods Market....Read More
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Home builder sentiment at highest level since May: NAHB
Aug 15th, 9:39am
CNBC's Diana Olick reports the latest read on...
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Nice Rebound in Builder Confidence - NAHB
Aug 15th, 9:31am
Posted To: MND NewsWireBuilder confidence made a strong comeback this month , surprising analysts and belying some of the gloom expressed by the...
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The North Korea factor: Jittery ETF investors look for ways to safeguard their portfolios
Aug 15th, 9:16am
ETF investors concerned about the North Korea–US standoff are looking at ways to reduce risk in their portfolios without switching to money...
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Investment Firm Acquires Wholesale Mortgage Lender
Aug 15th, 8:32am
A private investment firm has has taken an interest in a Silicon Valley wholesale mortgage lender, enabling a geographic expansion and entry into...
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July retail sales up 0.6%, import prices up 0.1%
Aug 15th, 8:31am
CNBC's Rick Santelli breaks down the latest...
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Docutech, Veri-Tax Streamline Day 1 Certainty Process
Aug 15th, 8:27am
Docutech, a provider of document and compliance technology for the mortgage and consumer lending industries, and Veri-Tax, a national...
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Ensuring A New Kind Of Compliance
Aug 15th, 8:18am
Comergence, an Optimal Blue company and compliance solutions provider to the mortgage industry, has launched its newest compliance solution,...
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Lender's New Capital Partner; Conferences and Training Coast to Coast
Aug 15th, 8:17am
The science of persuasion? Any good salesperson, or LO, can talk someone into buying just about anything using scarcity, reciprocity, commitment,...
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MBS Day Ahead: The Blessing and Curse of The Geopolitical Risk Cycle
Aug 15th, 8:08am
Geopolitical risk is one of the most intuitive market movers for bonds.  Threats of nuclear attacks from North Korea (as well as the...
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Home Depot beats Street, raises guidance for full year
Aug 15th, 7:42am
Brian Nagel, Oppenheimer senior analyst, breaks...
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US retail sales post biggest gain in seven months
Aug 15th, 7:40am
U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles as well as...
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US import prices rebound after two straight monthly declines
Aug 15th, 7:40am
Import prices increased in July, driven by rising costs for petroleum products and food, but underlying imported inflation remained muted....Read More
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Guam missile launch plan: Kim Jong Un waiting for ‘foolish Yankees' next move
Aug 15th, 7:25am
North Korean leader Kim Jong Un will watch what "the foolish Yankees" do before making a decision on plans to fire four missiles...
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Home Depot's quarterly profit jumps 9.5 percent
Aug 15th, 7:22am
(Reuters) - Home Depot Inc , the No. 1 U.S. home improvement chain, reported a 9.5 percent rise in quarterly profit amid an increase in remodeling...
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Mortgage LOS Updates, Acquisition
Aug 14th, 5:30pm
In addition to an acquisition involving a loan origination system, two LOS service provides have upgraded there systems -- with one labeled as a...
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Biggest VA Lender Settles RESPA Violations
Aug 14th, 4:27pm
A firm that has claim to be among the biggest home-purchase lender for veteran programs has agreed to pay over $1 million to settle alleged...
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Why this week's retail sales data a huge economic indicator
Aug 14th, 4:25pm
Boris Schlossberg of BK Asset Management says 2017...
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Home Depot: Buy or hold?
Aug 14th, 4:25pm
It's been a tough year for retail but is there...
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Don't Worry, Housing Only "Feels" Unaffordable
Aug 14th, 4:24pm
Posted To: MND NewsWireHousing, at least according to Freddie Mac vice president and chief economist Sean Becketti, isn't unaffordable. It just...
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MBS RECAP: Bonds Lose Ground on Various Headlines
Aug 14th, 4:16pm
Posted To: MBS CommentaryBond markets lost ground today, with all of the weakness arriving during the overnight session. The weakness was driven...
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Mortgage Rates Up Slightly From Long-Term Lows
Aug 14th, 3:29pm
Posted To: Mortgage Rate WatchMortgage rates rose moderately today as weekend news headlines suggested some measure of de-escalation of nuclear...
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Variety of Topics Covered at Mortgage Conferences
Aug 14th, 3:15pm
Topics to be covered at upcoming events related to real estate finance include bankruptcies, compliance and single-family rentals. Also on the...
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Cashin: Seeing a large 'sigh of relief' rally today
Aug 14th, 1:17pm
CNBC's Dominic Chu and Art Cashin of UBS...
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Our Homes May Get Smarter, But Have We Thought It Through?
Aug 14th, 1:00pm
As our houses fill with the Internet of things, sensors will tell us whether we left the stove on or if we're out of paper towels. But critics...
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S&P 500 on track for best daily gain in about 4 months
Aug 14th, 12:58pm
Stock markets Monday afternoon were enjoying a sharp rally, putting the S&P 500 index in position to post its best daily gain in about four...
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After a Summer Bond Binge, Signs of Angst Are Growing in the Market
Aug 14th, 12:58pm
Bloomberg After a Summer Bond Binge, Signs of Angst Are Growing in the Market Bloomberg Raymond Lee, portfolio manager and head of credit at...
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Homebuyers put less and less skin in the game, adding to the market's overall risk
Aug 14th, 11:05am
Homebuyers are increasingly opting to put down less money when purchasing their homes, increasing their risk should the housing market falter yet...
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NAHB Says Labor Shortages Worsening
Aug 14th, 9:45am
About a month ago, the National Association of Home Builders (NAHB) seized on the May Job Openings and Labor Turnover survey (JOLTs) report as an...
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MBS Week Ahead: Risk of Resistance Remains; What Technicals Can Actually Tell Us
Aug 14th, 9:32am
If you haven't seen/read my primers on various technical analysis topics, they're linked at certain points in the text below, and will be...
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Do Americans care about tax reform?
Aug 14th, 8:25am
CNBC's Ylan Mui report the latest poll results...
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PR and Subservicer Products; FHA, VA, and Ginnie Updates
Aug 14th, 8:22am
Posted To: Pipeline PressTime passes by, and we have one week until the first total solar eclipse crossing the US from coast to coast since 1918....
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Share of Builders Reporting Labor Shortages Rises Again
Aug 14th, 8:09am
Labor and subcontractor shortages have become even more widespread in July of 2017 than they were in June of 2016, according to single-family...
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US tax change proposals anger builders, real estate agents, charities
Aug 14th, 8:09am
Industry groups and other sectors of society are gearing up to fight proposed changes to the personal income tax....Read More
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If Housing Is So Affordable, Why Doesn't It Feel That Way?
Aug 14th, 8:06am
By Sean Becketti, VP Chief Economist The National Association of Realtors' Housing Affordability Index is currently at near-record highs. But for...
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Subprime mortgage cycle begins anew in 2017
Aug 14th, 8:05am
It's been 10 years since subprime mortgages toppled the world economy, now here's an early signal of a new subprime cycle. The post Subprime...
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Bond Market Looks Expensive, Until You Factor in Threat of War
Aug 14th, 8:04am
Bloomberg Bond Market Looks Expensive, Until You Factor in Threat of War Bloomberg The bond bulls in the $14 trillion Treasuries market...
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The Housing Bottom and Comparing Housing Recoveries
Aug 14th, 8:01am
In early 2012 I wrote The Housing Bottom is Here and Housing: The Two Bottoms , I pointed out there are usually two bottoms for housing: the first...
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NMLS Makes Biometric Logins Mandatory
Aug 11th, 5:16pm
Citing increased fraud affecting its education and testing procedures, the Nationwide Multistate Licensing System (NMLS) is implementing a new...
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MBS RECAP: CPI Threads Market-Movement Needle
Aug 11th, 4:59pm
Bond markets ultimately rallied modestly following today's much-anticipated CPI data.  This is a departure from recent norms as the last...
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Wells Fargo Cutting Mortgage Servicing Jobs
Aug 11th, 4:45pm
Dozens of mortgage servicing positions are being eliminated by Wells Fargo & Co. as the home lender closes a call center in Washington...
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Mortgage Rates Uninspired at 9-Month Lows
Aug 11th, 4:40pm
Mortgage rates held near the lowest levels since November 2016 today, after a key economic report showed subdued inflation.  The...
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Ginnie' Fiscal YTD MBS Issuances Surpass $400 Bil
Aug 11th, 4:31pm
A modest volume of monthly securitizations on behalf of the Government National Mortgage Association have pushed fiscal-year volume so far past...
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Closing Bell Exchange: Will markets continue on edge?
Aug 11th, 3:05pm
Discussing the current state of the markets with...
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Trading Nation: Bond yields, Korea & the debt ceiling
Aug 11th, 3:05pm
Gina Sanchez, Chantico Global and Max Wolff, DTA...
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Fed's Kashkari says central bank's hawks are spooked by ‘gho
Aug 11th, 3:05pm
Minneapolis Fed President Neel Kashkari said Friday that hawks on the central bank are worried about an inflation "ghost story."...Read More
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The Most Popular Interior Design Styles in Each State
Aug 11th, 3:04pm
Is your home's style in sync with your state-and the rest of the country? Here's a map of the top interior design trends, from contemporary to...
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Freddie to Consider Airbnb Rental Income
Aug 11th, 2:19pm
Among a host of updates made by the Federal Home Loan Mortgage Corp. on rental income is the utilization of income from short-term rentals.McLean,...
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ARMs, Refis Up Despite Drop in Mortgage Activity
Aug 11th, 2:05pm
Although purchase financing drove overall new mortgage business lower this past week, an increase was recorded for refinances and jumbo loans as...
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Mortgage Firms Appoint Top Executives
Aug 11th, 12:55pm
Among the roles that have recently been filled at a variety of real estate finance firms are chief financial officer, president and chief...
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Key Measures Show Inflation mostly below 2% in July
Aug 11th, 10:59am
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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Dallas Fed President Kaplan: Expects Fed announcement on balance sheet soon
Aug 11th, 10:40am
CNBC's Steve Liesman reports the latest on...
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The Fed: Fed won't like soft July CPI data but has four months to get over it
Aug 11th, 10:38am
The Federal Reserve was not happy with the July CPI data and will want to see a pickup by December, when the next rate move is likely to be on the...
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Fed key rate closer to 'neutral,' should be patient on inflation: Kaplan
Aug 11th, 10:30am
The Fed's key interest rate is getting close to a "neutral" level so the Fed should patiently wait for further evidence...
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TRID Rule Amendments and Proposal Published
Aug 11th, 10:22am
As we reported previously, on July 7, 2017 the Consumer Financial Protection Bureau (CFPB) posted on its website long awaited amendments to the...
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Markets to Fed: There's little chance of another rate hike this year
Aug 11th, 8:56am
The already skeptical markets now give the Fed just a one-in-three chance of being able to hike interest rates in December....Read More
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Updates for Fannie, Freddie, Conventional, Conforming
Aug 11th, 8:47am
Posted To: Pipeline PressFannie and Freddie are doing their best to remain integral to housing finance. Let me save you a lot of money that...
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Consumer price index up 0.1% in July
Aug 11th, 8:17am
CNBC's Rick Santelli reports the latest read on...
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US consumer prices rise less than expected in July
Aug 11th, 7:49am
U.S. consumer prices rose less than expected in July, pointing to benign inflation that could make the Fed cautious about raising interest rates...
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Real Estate Billionaires Form Rental Giant in Shifting Industry
Aug 11th, 7:28am
Bloomberg Real Estate Billionaires Form Rental Giant in Shifting Industry Bloomberg It was a simple phone call between two real estate...
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MBS Day Ahead: Yes, Inflation Data Matters Now
Aug 11th, 7:28am
Posted To: MBS CommentaryAfter a longstanding reign as one of the most meaningful market movers, inflation data became an outcast for most of the...
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Geopolitical stress almost a normal market backdrop: JPMorgan Funds' Gabriela Santos
Aug 11th, 7:28am
Gabriela Santos, JPMorgan Funds global market...
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Worrying about the bond-market bubble is ‘old guy' thinking
Aug 11th, 7:27am
Here's why worrying about the bond market bubble bursting is misguided, says Matthew Graham, chief of operations at Mortgage News Daily....Read More
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Fed Taper Plan Brings Risk to Mortgage Debt Unseen in Treasuries - Bloomberg
Aug 11th, 7:27am
Bloomberg Fed Taper Plan Brings Risk to Mortgage Debt Unseen in Treasuries Bloomberg For all the talk that Janet Yellen's plan to shrink...
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Walter Investment Warns About Ongoing Viability
Aug 10th, 5:52pm
As losses continued at Walter Investment Management Corp., the company warned about its ongoing viability and restated income for prior period....
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Mortgage Rates Drop, Even Bigger Decline Likely
Aug 10th, 4:10pm
A modest reduction in rates for single-family loans was made this week. Next week's report is likely to reflect an even bigger improvement.Average...
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MBS RECAP: Risk-Off Rally, Just Another Day For Bonds
Aug 10th, 3:29pm
Posted To: MBS CommentaryIt's hard to appreciate just how different the trading session was for stocks compared to bonds. To be sure, a near...
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Closing Bell Exchange: North Korea tensions, market risks
Aug 10th, 3:14pm
Discussing the current state of the markets with...
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Freddie Mac Announces Pricing of $315 Million Multifamily Small Balance Loan Securitization
Aug 10th, 3:12pm
Freddie Mac Announces Pricing of $315 Million Multifamily Small Balance Loan Securitization...Read More
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Huge Portfolio of Reperforming GSE Loans For Sale
Aug 10th, 3:10pm
More than $2 billion in reperforming government-sponsored enterprise mortgages are being marketed for sale to the highest bidder.The offering is...
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Mortgage Rates Hold 2017 Lows Despite Market Volatility
Aug 10th, 2:39pm
Posted To: Mortgage Rate WatchMortgage rates remained in line with 2017's lows today, despite noticeable improvement in underlying bond markets....
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Social Media Mortgage Compliance Tool Launched
Aug 10th, 2:34pm
A new tool helps mortgage-banking firms with the daunting task of monitoring their loan origination staffs' use of social media and regulatory...
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S&P 500's 1% decline Thursday is a rarity for 2017
Aug 10th, 2:22pm
Today is just the 6th time all year that the S&P 500 has fallen at least 1% on an intraday basis....Read More
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New HUD Report Highlights Affordable Housing Challenges
Aug 10th, 2:20pm
A recent study conducted by the Department of Housing and Urban Development (HUD) has found that "The number of very poor unsubsidized families...
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DoubleLine's Gundlach is set to make a killing as stock market's ‘fear gauge'
Aug 10th, 12:56pm
DoubleLine Capital's Jeff Gundlach earlier in the week lays out the merits of a bet that gauges measuring stock-market volatility would soon start...
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Oaktree Capital's Howard Marks: Bonds may be first to crack
Aug 10th, 12:28pm
Howard Marks, Oaktree Capital co-chairman,...
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Santelli Exchange: Market safety vs. vulnerability
Aug 10th, 12:28pm
CNBC's Rick Santelli discusses market...
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CMBS Issuance Up as Market Adapts to Risk Retention
Aug 10th, 12:21pm
As the commercial real estate securitization market becomes more comfortable with risk-retention requirements, quarterly issuance is soaring.From...
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Fed's Dudley says 2% inflation target will remain elusive even if price pressures pick up
Aug 10th, 11:10am
The U.S. central bank's 2% annual inflation target is likely to remain illusive even if monthly data picks up, said William Dudley, president of...
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Santelli Exchange: FOMC from data dependent to conditions dependent
Aug 10th, 10:51am
PIMCO's Head of Short-Term Portfolio Mgmt....
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Fannie and Freddie: REO inventory declined in Q2, Down 30% Year-over-year
Aug 10th, 10:45am
Fannie and Freddie reported results last week. Here is some information on Real Estate Owned (REOs). Freddie Mac reported the number of REO...
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MBA Expects Nosedive in July New Home Sales
Aug 10th, 10:28am
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) expects there will be a sharp downturn reported in July sales of newly constructed...
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US Still Grappling With Too Big to Fail
Aug 10th, 10:25am
Nearly a decade after the financial crisis, Democrats and Republicans are still battling over how to liquidate behemoth financial institutions...
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Short-Term Rental Income Calculations Changed
Aug 10th, 10:12am
Posted To: MND NewsWireFreddie Mac has made some changes to the way in which lenders must handle rental income. The changes are primarily aimed at...
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Fed's Dudley says modest wage growth reflects sluggish productivity
Aug 10th, 9:09am
Wage growth in the U.S. economy remains modest in part because of sluggish productivity, said New York Fed President William Dudley on Thursday....
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MBS Day Ahead: Core Range Intact All Week
Aug 10th, 9:02am
In terms of 10yr yields, bond markets have been locked in the same narrow range for a week and half.  Even when the range was only 2...
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Bond Report: Treasury yields fall after reports on jobless claims, wholesale inflation
Aug 10th, 8:24am
Treasury yields fell slightly as bond traders after a morning rush of economic data...Read More
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David Rubenstein: Fed likely to only hike in December
Aug 10th, 8:20am
David Rubenstein, The Carlyle Group co-founder...
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Digital Transactions, Electronic Closing; No Commission Loans
Aug 10th, 8:12am
Posted To: Pipeline Press“Rob, I am a new loan officer in an area with lots of high balance loans, and my company caps me out at $7,500 of...
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Market watcher: Pay more attention to central banks than geopolitics in the long-term
Aug 10th, 7:45am
Peter Boockvar of the Lindsey Group says...
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US producer prices post biggest drop in 11 months
Aug 10th, 7:44am
U.S. producer prices unexpectedly fell in July, recording their biggest drop in nearly a year, weighed down by declining costs for services and...
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Bullard Says Yellen Successor Should Hold More Press Conferences
Aug 10th, 7:43am
Bloomberg Bullard Says Yellen Successor Should Hold More Press Conferences Bloomberg Federal Reserve Bank of St. Louis President James Bullard...
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U.S. jobless claims rise; labor market still tightening
Aug 10th, 7:43am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained...
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Invitation Homes-Starwood announce merger in bid to rent single-family homes
Aug 10th, 7:41am
A merger deal between Invitation Homes, Blackstone's single-family rental unit, and Starwood will merge in a company that could create America's...
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Mortgage Firms Acquired and Not Acquired
Aug 9th, 5:46pm
While some mortgage acquisitions have recently closed, one fell through just hours before it was supposed to be consummated. One company that was...
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MBS RECAP: Rally and Resistance After Geopolitical Drama
Aug 9th, 5:10pm
Bonds had already begun the process of rallying in response to geopolitical risk yesterday afternoon.  Notably, the headlines hit after...
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New 2017 Lows for Rates, But There's a Catch
Aug 9th, 4:32pm
Posted To: Mortgage Rate WatchMortgage rates fell to new lows for the year today, following the North Korea nuclear threat headlines. In truth,...
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Freddie Rental Income Changes
Aug 9th, 3:51pm
For Borrowers who do not have a documented one-year history of investment property management experience, the Seller may only consider net rental...
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Fed risks being too aggressive on rate hikes, Bullard says
Aug 9th, 2:07pm
There is some risk that the Federal Reserve could be too aggressive if it pushes too hard to raise interest rates, said St. Louis Fed President...
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Post-Crisis Paradox Continues as Jumbo Beats Conforming
Aug 9th, 1:23pm
Posted To: MND NewsWireJumbo loans have historically been more expensive for borrowers than those the meet the "conforming" loan limit - which is...
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Michigan Credit Union to Acquire Florida Bank
Aug 9th, 1:19pm
A deal has been reached for Grand Rapids, Michigan-based Lake Michigan Credit Union to acquire Naples, Florida-based Encore Bank.The deal, which...
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PHH Continues to Reduce Mortgage Business
Aug 9th, 1:05pm
As the parent of PHH Mortgage continues to execute on its strategy to shrink its mortgage business, losses grew from a year earlier as...
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Fed's Evans backs balance-sheet reduction but ambivalent toward another rate hike
Aug 9th, 1:00pm
A dovish Federal Reserve official on Wednesday said he supported the central bank announcing it would start to reduce its balance sheet next...
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Why markets aren't overly concerned with the North Korea situation yet
Aug 9th, 1:00pm
Global and national markets remain unperturbed by North Korea's threats toward the U.S....Read More
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Santelli Exchange: The dollar debate rages on
Aug 9th, 11:41am
CNBC's Rick Santelli discusses what a weak...
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HUD Reports 'Worst Case Housing Needs' Increased in 2015
Aug 9th, 11:39am
WASHINGTON - The number of very poor unsubsidized families struggling to pay their monthly rent and who may also be living in substandard housing...
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Santelli Exchange: The diminishing quality of labor
Aug 9th, 10:29am
Bianco Research President Jim Bianco and CNBC's...
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Refinances Lead Mortgage Applications Higher
Aug 9th, 10:11am
While applications for loans to finance a home purchase saw a 1 percent week-over-week gain, applications for loans to refinance an existing...
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Bond Traders Grope for Right Recession Gauge in Emerging Markets
Aug 9th, 9:42am
Bond Traders Grope for Right Recession Gauge in Emerging Markets Bloomberg A seemingly tried-and-true method for using the bond market to predict...
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US wholesale inventories post biggest gain in 6 months
Aug 9th, 9:11am
The Commerce Department reported an 0.7 percent increase in June's wholesale inventories on Wednesday....Read More
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MBS Day Ahead: Pain Trade Potential on Multiple Scales
Aug 9th, 9:05am
Posted To: MBS CommentaryThere are several definitions of "pain trade" floating around on the web, and I'm not a huge fan of any of...
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Americans Concerned That Hot Housing Market Could Be Heading for a Correction
Aug 9th, 8:35am
DALLAS, Aug. 9, 2017 /PRNewswire/ -- Americans have simmering concerns about overheated home prices and increasingly suspect that a housing price...
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Conferences and Training; Wells, PHH settle; Tech Updates - Like your LOS?
Aug 9th, 8:24am
A while back I was walking past a small group of a lender’s senior managers and one of them was joking, “With the money we’ll...
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CoreLogic: Economic Tailwinds Aiding Mortgage Performance
Aug 9th, 8:10am
Posted To: MND NewsWireCoreLogic reported on Tuesday that the national mortgage delinquency rate in May was the lowest in nearly a decade . The...
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North Korea reviewing plans to strike Guam with missiles
Aug 9th, 7:45am
This announcement comes just hours after President...
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The risks behind bonds
Aug 9th, 7:43am
Rich Clarida of Pimco responds to the warnings and...
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Home Equity Used to Start Seven Percent of U.S. Businesses
Aug 9th, 7:39am
Equity in a home was used as a source of capital to start 284,618 businesses-7.3% of all businesses in the U.S.-according to a new source of data...
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US Treasurys higher as investors shelter in safe haven bonds from geopolitical worries
Aug 9th, 7:38am
U.S. government debt prices were higher, as investors turned their attention to upcoming data, while keeping an eye on tensions between the U.S....
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HUD Approves Discrimination Agreement Between California Fair Housing Group and Marin County Landlor
Aug 9th, 7:32am
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced an agreement between a Northern California fair housing...
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Refinancing Gains Ground on Lower Rates
Aug 9th, 7:26am
Refinancing performed well during the week ended August 4, pulling the Mortgage Bankers Association's Market Composite Index higher.  The...
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MBS RECAP: Mostly Weaker, Bonds Battle Back on Korea Headlines
Aug 8th, 6:15pm
Posted To: MBS CommentaryBonds began the day in moderately weaker territory and continued to lose ground through the early afternoon. After...
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Billion-dollar neighborhood social network Nextdoor moves against Zillow, Redfin
Aug 8th, 6:02pm
Nextdoor jumped into the real estate advertising market this week, joining newcomer Facebook....Read More
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Leading Index for Commercial Real Estate "Stumbles" in July
Aug 8th, 6:02pm
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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Mortgage Rates Still Struggling to Make Bigger Moves
Aug 8th, 5:50pm
Posted To: Mortgage Rate WatchMortgage rates moved microscopically lower today, keeping them in line with the best levels in more than a month....
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Impac's Year-Over-Year Lending, Earnings Tumble
Aug 8th, 4:18pm
Impac Mortgage Holdings Inc.'s servicing portfolio has more than doubled over the past year. But year-over-year deterioration was reported for...
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Jamie Dimon: I wouldn't buy a 10-year bond from any country in the world right now
Aug 8th, 3:42pm
JPMorgan CEO Jamie Dimon speaks with CNBC's...
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Jeff Gundlach: Yields are going to break out to the upside
Aug 8th, 3:42pm
Jeff Gundlach, DoubleLine Capital CEO, discusses...
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High Quality Mortgages for Sale
Aug 8th, 3:37pm
A small offering of single-family loans includes transactions with borrowers who have high credit scores, low debt-to-income ratios and low...
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There are 7 million unemployed and 6.2 million job openings. What's the problem?
Aug 8th, 3:33pm
There are 7 million unemployed and 6.2 million job openings. What's the...
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While stocks rally, the Treasury market shows signs of unease over U.S. debt limit
Aug 8th, 3:32pm
One corner of the Treasury market is worried the U.S. government could default this fall, even though Congress is expected to raise the debt...
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Trump says North Korea will be met with 'fire and fury' if it threatens U.S.
Aug 8th, 3:30pm
BEDMINSTER, N.J. (Reuters) - U.S. President Donald Trump said on Tuesday North Korea "will be met with fire and fury like the world has never...
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In U.S., Young Adults Report Spending Less Than in the Past
Aug 8th, 3:29pm
Young adults in 2016 reported spending much less on average than did young adults in 2008, while spending among older age groups was similar to...
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PHH Corporation Announces Second Quarter 2017 Results
Aug 8th, 3:28pm
PHH Corporation Announces Second Quarter 2017...
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Appraisal, Expectation Gap Closes a Bit
Aug 8th, 3:27pm
In july, home owners expected 1.55% more than appraisers estimates....Read More
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PHH Settles Allegations it Made Bad Agency Loans
Aug 8th, 2:07pm
A former employee of PHH Corp. will receive millions of dollars for her role in exposing allegedly bad lending practices that has resulted in a...
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Around 17-Yr Low for Early Stage Mortgage Lates
Aug 8th, 12:41pm
The monthly rate of late payments on single-family loans turned sharply lower. The rate of early-stage delinquency, meanwhile, is around the...
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Jamie Dimon: Won't call it a bubble, but I wouldn't buy bonds here
Aug 8th, 12:01pm
"I'm not going to call it a bubble but I personally wouldn't be buying a 10-year sovereign debt anywhere in the world," Dimon said....Read More
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Job openings hit record high in June at 6.2 million
Aug 8th, 10:29am
The number of openings was at 6.2 million on the last business day of the month, the report from the Labor Department said....Read More
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In Stress Test Case, GSEs Would Need Another $100 Billion
Aug 8th, 10:27am
Posted To: MND NewsWireLike all large financial institutions, the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are required...
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Bill Would Give Departing Bank LOs Temp Licenses
Aug 8th, 10:13am
Legislation introduced in the Senate takes bank mortgage originators one step closer to being able to easily transition from a financial...
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Job openings hit record high -Labor Departmenr
Aug 8th, 9:51am
CNBC's Rick Santelli reports the latest read on...
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Number of Open Construction Jobs Climbs in June
Aug 8th, 9:30am
The count of unfilled jobs in the construction sector increasing significantly in June, after falling in May. According to the BLS Job Openings...
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BLS: Job Openings Increased in June
Aug 8th, 9:19am
From the BLS: Job Openings and Labor Turnover Summary The number of job openings increased to 6.2 million on the last business day of June , the...
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MBS Day Ahead: Bonds Locked in Tight Technical Range, Waiting For Inflation Data
Aug 8th, 9:05am
Posted To: MBS CommentaryThe extent to which inflation-related metrics have come into focus is uncanny relative to just how unimportant they'd...
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NFIB: Small Business Optimism Index increased in July
Aug 8th, 8:45am
From the National Federation of Independent Business (NFIB): July 2017 Report: Small Business Optimism Index The Index of Small Business...
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New Bank; Wholesale Products; LIBOR and ARM Investor News
Aug 8th, 8:38am
Production folks should know that Senators announced the introduction of S. 1753, the SAFE Transitional Licensing Act, which would amend...
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Fannie Mae Notes Downturn in Buying/Selling Attitudes
Aug 8th, 8:08am
Consumer attitudes toward buying and selling a home turned negative in July.  Fannie Mae's National Housing Survey conducted during the month...
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Fed study finds expanded credit access resulting from fintech lending
Aug 8th, 7:53am
A new research paper released by the Federal Reserve Bank of Philadelphia found that fintech lending has expanded consumers’ ability to...
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PHH Corporation Comments on Settlement with U.S. Department of Justice
Aug 8th, 7:51am
MOUNT LAUREL, N.J.--(BUSINESS WIRE)--Aug. 8, 2017-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") today issued the following statement in...
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CoreLogic Reports May 2017 Delinquency Rate Lowest in Nearly a Decade
Aug 8th, 7:51am
Economic Tailwinds Contributing to Healthy Mortgage Performance Early-Stage Delinquencies Among Lowest in 17 Years Early-Stage Transition Rates...
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Take Note Mortgage Industry
Aug 8th, 6:45am
A new initiative between a technology company and a nonprofit organization is sparking interest in coding and programming at a younger age, paving...
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Lenders One Touts Member And Preferred Provider Growth
Aug 8th, 6:26am
The Lenders One Cooperative, a national alliance of independent mortgage bankers, has kicked off its annual Summer Conference in Minneapolis, MN....
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Year-Over-Year Rise in Navy FCU's Home Lending
Aug 7th, 5:53pm
Vienna, Virginia-based Navy Federal Credit Union reported a year-over-year increase in quarterly mortgage originations as much of the industry...
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Fairway's Staff & Servicing Expands, Lending Sinks
Aug 7th, 5:11pm
Though it managed to grow the size of its servicing portfolio and expand its human resources, Fairway Independent Mortgage Corp. was unable to...
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Fairway's Staffing, Servicing and Lending Expand
Aug 7th, 5:11pm
In addition to growing the size of its servicing portfolio and expanding its human resources, Fairway Independent Mortgage Corp. saw quarterly...
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MBS RECAP: Calm Start and Modest Gains
Aug 7th, 4:55pm
Posted To: MBS CommentaryBond markets began the week in underwhelming fashion, with both MBS and Treasuries ending the day very close to unchanged...
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Wells Fargo Breaks Sharply With Industry as Its Legal Risk Rises
Aug 7th, 4:45pm
Bloomberg Wells Fargo Breaks Sharply With Industry as Its Legal Risk Rises Bloomberg Wells Fargo & Co. is signaling like never before that...
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Mortgage Rates Unchanged vs Last Week
Aug 7th, 4:30pm
Posted To: Mortgage Rate WatchMortgage rates were generally unchanged today, compared to Friday afternoon's latest levels. Only a handful of...
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Fannie and Freddie could need $100 billion bailout in next crisis, stress test finds
Aug 7th, 3:35pm
The stress tests mandated by Dodd-Frank Act show some improvement for the mortgage providers compared to last year....Read More
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Wells Fargo vows to disclose all legal matters amid scandals, analyst says
Aug 7th, 2:08pm
The bank's stock fell 1 percent Friday after...
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Fed's Kashkari says he'll remain doubtful there are worker shortages until wages rise
Aug 7th, 2:03pm
Minneapolis Fed President Neel Kashkari said Monday that businesses who complain they are having trouble finding workers but don't raise wages are...
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FHFA announces reopening and second extension of comment period for LEP RFI
Aug 7th, 2:02pm
The Federal Housing Finance Agency has announced that it has reopened and extended until September 1, 2017 the comment period on its Request for...
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Stress Test Results | Fannie Mae
Aug 7th, 2:02pm
Statements. Share This: August 07, 2017. Stress Test Results. Pete Bakel. 202-752-2034. As required under the Dodd-Frank ......Read More
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Regions' Mortgage Earnings Off, Buys MSRs
Aug 7th, 11:19am
While quarterly earnings were solidly higher at Regions Financial Corp., mortgage income receded. Servicing grew with the acquisition of mortgage...
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James Bullard: Only small inflation effects from lower unemployment
Aug 7th, 11:15am
CNBC's Steve Liesman reports on comments about...
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The Fed: Fed's Bullard says short-term interest rates are fine where they are now
Aug 7th, 10:56am
St. Louis Fed President James Bullard said Monday that U.S. short-term interest rates are at an appropriate level....Read More
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The Fed: Fed ends release of its own employment yardstick
Aug 7th, 10:38am
The Federal Reserve on Monday announced it would no longer release the so-called labor market conditions index, an in-house gauge of the health of...
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Low-Downpayment Mortgages Becoming the Norm
Aug 7th, 10:28am
Fannie Mae and Freddie Mac's (the GSE's) low downpayment loans are apparently beginning to cause some pain for FHA lending. Black Knight's...
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Q2 2017 GDP Details on Residential and Commercial Real Estate
Aug 7th, 10:26am
The BEA has released the underlying details for the Q2 advance GDP report. The BEA reported that investment in non-residential structures...
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LMI Indicates Continued Improvement Across the Country
Aug 7th, 9:11am
According to the NAHB/First American Leading Markets Index (LMI), 89 percent, 299 metropolitan statistical areas, recorded growth in their LMI...
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MBS Week Ahead: Don't Expect Much (Unless You See It!)
Aug 7th, 9:08am
Posted To: MBS CommentaryLast week's NFP was eerily predictable. Either that, or I got lucky. My thought was that the market had been fairly...
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Tax Trends in Underwriting; Warehouse Lawsuit Hits Industry Icon
Aug 7th, 8:32am
Posted To: Pipeline PressHard to believe that yesterday marked the 10-year anniversary of American Home Mortgage’s bankruptcy filing. Many...
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Risk for Mortgage Fraud Increases Slightly - CoreLogic
Aug 7th, 8:18am
CoreLogic says conditions in the mortgage market are once again fertile ground for mortgage fraud.   The company's National Fraud Risk...
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Jobs numbers reality check: CNBC's Steve Liesman
Aug 7th, 8:16am
CNBC's Steve Liesman sifts through the latest...
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Bond rally will take years to unravel: MKM Partners' Charles Campbell
Aug 7th, 8:16am
Charles Campbell, MKM Partners, and Peter Boockvar,...
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Housing Sentiment Dips as High Home Prices Weigh on ...
Aug 7th, 7:53am
News Release. Share This: August 07, 2017. Housing Sentiment Dips as High Home Prices Weigh on Buyers and Economic ......Read More
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US Treasurys lower as bond investors gear up for auction news, Fed speeches
Aug 7th, 7:52am
U.S. government debt prices were lower on Monday, as investors turned their attention to the latest auction news and speeches from leading Federal...
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Black Knight Mortgage Monitor: "Low-Down-Payment Purchase Lending at Seven-Year High"
Aug 7th, 7:48am
Black Knight Financial Services (BKFS) released their Mortgage Monitor report for June today. According to BKFS, 3.80% of mortgages were...
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Mortgage Staffing Faces Increased Layoffs
Aug 6th, 4:09pm
Compared to a year earlier, employment in the mortgage industry has expanded. But as quarter-over-quarter headcount was down, some signs point to...
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Mortgage Layoffs Pick Up Steam
Aug 6th, 11:44am
A review of state employment data indicates that several real estate finance firms have recently made, or are planning to conduct, rounds of...
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Weekly Mortgage Refis Rev Up, Purchases Drop
Aug 4th, 5:02pm
Weekly mortgage business maintained the pace of the previous seven-day period. Increased refinance activity was offset by lower demand for loans...
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MBS RECAP: Weaker Today Means Boring Week Overall
Aug 4th, 4:55pm
Posted To: MBS CommentaryThe week began on Tuesday, for all intents and purposes. July's "month-end" trading generally took place by...
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Mortgage Rates Tick Up After Jobs Report
Aug 4th, 4:26pm
Posted To: Mortgage Rate WatchWhile it was far from a dramatic move mortgage rates ticked slightly higher after today's Employment Situation data,...
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Trump Admin Favorably Revises Obama Jobs Data
Aug 4th, 4:09pm
Despite the harsh rhetoric he had for the legitimacy of the Obama administration's employment numbers, President Donald J. Trump's administration...
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El-Erian 'More and More Worried' About Wages, Even as Jobs Gain
Aug 4th, 3:57pm
Bloomberg El-Erian 'More and More Worried' About Wages, Even as Jobs Gain Bloomberg Mohamed El-Erian, chief economic adviser at...
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Gary Cohn Says to Expect More Deregulation
Aug 4th, 2:39pm
Gary Cohn Says to Expect More Deregulation Bloomberg White House economic adviser Gary Cohn says there's more deregulation to come. Prior...
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Flow Sale of MSRs on Nearly $50 Billion in Loans
Aug 4th, 1:48pm
A flow-purchase agreement has been negotiated that could work out to the sale of mortgage-servicing rights on nearly $50 billion in conventional...
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Santelli Exchange: Fmr. IMF Chief Economist on the jobs report & global inflation
Aug 4th, 12:57pm
Harvard University Professor & Fmr. IMF Chief...
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Wells Fargo Settles VA Mortgage Lawsuit
Aug 4th, 12:57pm
Wells Fargo & Co. has agreed to settle allegations that it originated government-guaranteed loans for veterans that should not have been...
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CFPB Provides First Look at the HMDA Portal
Aug 4th, 12:50pm
On August 3, 2017, the Consumer Financial Protection Bureau (CFPB) provided the mortgage industry with a first look at the portal to be used for...
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Private equity coffers boom as pension funds look for somewhere else to put money beyond stocks
Aug 4th, 12:14pm
Pension funds, wealth managers and insurance companies are increasingly looking outside of traditional stocks and bonds to find new...
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Single-Family Business Grows at Citizens Bank
Aug 4th, 12:06pm
Company-wide and mortgage earnings improved at Citizens Financial Group Inc. Residential servicing and assets expanded, while originations had a...
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Trade Deficit at $43.6 Billion in June
Aug 4th, 11:37am
Earlier from the Department of Commerce reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of...
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Jobs report still doesn't show signs of inflation: OppenheimerFunds CIO
Aug 4th, 10:31am
Diane Swonk, DS Economics founder and CEO, and...
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Goldman's chief economist: Strong jobs numbers don't look sustainable
Aug 4th, 10:31am
Goldman Sachs Chief Economist Jan Hatzius speaks...
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GSEs Fire Respectful Warning Shots at Conservatorship Plan
Aug 4th, 10:23am
Posted To: MND NewsWireFannie Mae and Freddie Mac (the GSEs, or "government-sponsored enterprises") were already well past having paid back...
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Fannie and Freddie Echo FHFA's Conservatorship Concerns
Aug 4th, 10:23am
Posted To: MND NewsWireFannie Mae and Freddie Mac (the GSEs, or "government-sponsored enterprises") were already well past having paid back...
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'Mystery' of slow wage growth keeps market doubting Fed can hike interest rates
Aug 4th, 9:29am
Employers added a solid 209,000 jobs in July, but sluggish wage growth added to concerns a lack of inflation could slow the Fed's plan to raise...
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Rates Up on Strong Jobs Report, Mortgage Jobs Jump
Aug 4th, 9:22am
Employment data released today reflects a robust job market -- sending interest rates higher. Mortgage employers added 5,000 non-bank jobs.The...
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Jobs report shows solid growth in labor force participation: Austan Goolsbee
Aug 4th, 8:47am
Bill Rodgers, former Labor Department economist;...
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Jobs report comes in better than expected as unemployment rate sits at 4.3% in July
Aug 4th, 8:46am
CNBC's Rick Santelli and Steve Liesman, sift...
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DPA and Accounting Services; Documentation Changes; New Jumbo Deal
Aug 4th, 8:18am
Harvard research finds that Americans will spend $316B remodeling their homes in 2017 vs. $296B in 2016. This also compares to a low of $222B...
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MBS Day Ahead: Medium Strong Jobs Having Expected Effect
Aug 4th, 8:13am
My commentary took a bearish turn, essentially saying that bond markets had done what they could to price-in a poor NFP number and that...
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July Employment Report: 209,000 Jobs, 4.3% Unemployment Rate
Aug 4th, 7:54am
From the BLS : Total nonfarm payroll employment increased by 209,000 in July , and the unemployment rate was little changed at 4.3 percent , the...
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Treasury yields steady as Wall Street braces for inflation cues from jobs report
Aug 4th, 7:27am
U.S. Treasury yields were little changed on Friday as investors in government paper awaited a key employment report for signs of wage growth and...
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Alan Greenspan: Interest rates on government bonds have never been lower
Aug 4th, 7:27am
Former Federal Reserve Chair Alan Greenspan shares...
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Greenspan: Bond bubble about to break because of 'abnormally low' interest rates
Aug 4th, 7:27am
Former Fed Chairman Alan Greenspan issued a bold warning that the bond market is on the cusp of a collapse....Read More
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Strong U.S. jobs report seen in July; wages likely rose
Aug 4th, 7:27am
WASHINGTON (Reuters) - U.S. employers likely maintained a strong pace of hiring in July while raising wages for workers, signs of labor market...
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PennyMac Lending Rises, Launching Broker Channel
Aug 3rd, 8:26pm
PennyMac Financial Services Inc. sees opportunity in mortgage brokers and is about to launch a broker business. Quarterly originations increased...
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MBS RECAP: Nice Rally At First Glance, But...
Aug 3rd, 6:20pm
Posted To: MBS CommentaryI hate to say anything bad about bond market gains. Bond market gains are among a few of my favorite things, after all! I...
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Consumer Bankruptcies Down 2 Consecutive Months
Aug 3rd, 5:15pm
The number of consumers who resorted to bankruptcy fell for the second month in a row. But filings remained elevated versus a year ago.Total U.S....
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Little Change in Mortgage Rates, Drop Likely
Aug 3rd, 4:31pm
There was little movement in fixed rates on home loans over the past week. But it's possible, if tomorrow's jobs report isn't too strong. that...
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All of a sudden, Gary Cohn is seen as shoe-in to be next Fed chairman
Aug 3rd, 3:30pm
White House economic adviser Gary Cohn now is seen as the likely next chairman of the Federal Reserve...Read More
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Conflicting Views on Need for New Credit Scoring Models
Aug 3rd, 3:29pm
Within hours of each other Laurie Goodman, co-director of the Urban Institute's Housing Finance Policy Center, and Melvin Watt, Director of the...
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Mortgage Rates Lowest in Just Over a Month
Aug 3rd, 2:28pm
Posted To: Mortgage Rate WatchMortgage rates moved just slightly lower today, bringing them to the best levels in over a month for the 2nd time...
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Why one trader is doubling down on the bond rally
Aug 3rd, 2:24pm
Trading Treasuries now, with CNBC's Jackie...
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Luxury home sales surge
Aug 3rd, 2:24pm
CNBC's Diana Olick reports on the end of the...
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U.S. Small-Business Owners' Optimism Highest in 10 Years
Aug 3rd, 2:22pm
Small-business optimism continues to rise, reaching its highest levels since 2007. Owners are particularly positive about their current business...
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Even small rent increases in these cities make people homeless
Aug 3rd, 2:19pm
Rising rents nationwide are fueling a homelessness crisis...Read More
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The Secret to Making Money in Real Estate May Be Buying a Home Near This Grocery Store Chain
Aug 3rd, 2:19pm
Trader Joe's, Whole Foods, ALDI: Can you guess which chain is the money maker? The post The Secret to Making Money in Real Estate May Be Buying a...
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Nationstar Mortgage in Red, Refis Hurt Lending
Aug 3rd, 1:32pm
A staggering refinance share had home-lending activity retreating for a third consecutive quarter at Nationstar Mortgage Holdings Inc. A...
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July Employment Preview
Aug 3rd, 12:20pm
On Friday at 8:30 AM ET, the BLS will release the employment report for July. The consensus, according to Bloomberg , is for an increase of...
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Big Investors Losing Faith in Europe's ECB-Fuelled Junk Rally
Aug 3rd, 12:19pm
Bloomberg Big Investors Losing Faith in Europe's ECB-Fuelled Junk Rally Bloomberg Some of Europe's biggest money managers are...
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The smart home is still really dumb
Aug 3rd, 11:25am
Homes are getting smarter but, if you spend a few hours trying to create a smart home, you might find they're still really dumb....Read More
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Santelli Exchange: Achieving sustainable economic growth
Aug 3rd, 11:25am
Chapman University Economics Prof. &...
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Freddie Mac to Initiate New Single Security-Related Investor Disclosures
Aug 3rd, 11:24am
Freddie Mac to Initiate New Single Security-Related Investor Disclosures...Read More
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Luxury home prices soar as sellers come back down to earth
Aug 3rd, 11:24am
Sale prices of luxury homes in the second quarter of this year were up 7.5 percent from a year ago....Read More
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Capitol Report: Congress wouldn't do it, so Fannie and Freddie reformed themselves
Aug 3rd, 10:54am
Under conservatorship, the two mortgage-finance enterprises have reformed into stable, boring guarantors of home loans....Read More
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Agency ARM Updates Behind Looser Mortgage Credit
Aug 3rd, 10:39am
Updates to agency parameters for adjustable-rate mortgages were behind an improvement in home-lending credit conditions. It was the second month...
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Apple owns $52.6 billion in US Treasurys - more than many major countries
Aug 3rd, 10:30am
Apple owns $20.1 billion in short-term Treasury...
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ARMs Drive Slight Improvement in Underwriting Standards -MBA
Aug 3rd, 10:07am
While adjustable rate mortgages (ARMs) make up only a fraction of mortgage originations (just over 6 percent in the most recent Mortgage Bankers...
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ISM non-manufacturing index at 53.9 in July
Aug 3rd, 9:36am
CNBC's Rick Santelli reports the latest read on...
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Purchase Financing Jumps at Fannie, But Refis Sink
Aug 3rd, 9:33am
The quarterly number of home-purchase loans financed by the Federal National Mortgage Association turned sharply higher. Refinance transactions,...
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Fiserv To Acquire The Assets of PCLender
Aug 3rd, 9:31am
Fiserv has acquired the assets of PCLender, LLC, a leader in next generation enterprise internet-based mortgage software and mortgage lending...
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Builder Confidence in the 55+ Housing Market Strengthens in Second Quarter
Aug 3rd, 9:31am
The National Association of Home Builders' (NAHB) single-family 55+ housing market index (55+ HMI) posted a reading of 66 in the second quarter of...
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TeleVoice Awarded U.S. Patent For SpotLight
Aug 3rd, 9:27am
TeleVoice, which develops and implements customized call center solutions, has been awarded a U.S. Patent for the unique technology embodied in...
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ISM Non-Manufacturing Index decreased to 53.9% in July
Aug 3rd, 9:17am
The July ISM Non-manufacturing index was at 53.9%, down from 57.4% in June. The employment index decreased in July to 53.6%, from 55.8%. Note:...
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Factory orders gain 3% in June, versus up 2.9% estimate
Aug 3rd, 9:04am
U.S. factory orders were expected to reverse two straight months of declines in June....Read More
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Initial jobless claims drop 5K to 240,000
Aug 3rd, 8:18am
CNBC's Rick Santelli breaks down the latest...
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U.S. jobless claims fall as labor market tightens further
Aug 3rd, 8:15am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labor market that likely...
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New Chief at Flagstar; LO Survey Results; Down Payment News
Aug 3rd, 8:13am
Posted To: Pipeline Press“You never realize how many people you hate until you have to name a baby.” Plenty of folks in their 20s and...
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Fannie Mae Reports Net Income of $3.2 Billion and ...
Aug 3rd, 8:08am
News Release. Share This: August 03, 2017. Fannie Mae Reports Net Income of $3.2 Billion and Comprehensive Income ......Read More
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MBS Day Ahead: Another Day, Another Big Trade--All Inside The Broader Range
Aug 3rd, 8:05am
Posted To: MBS CommentaryThe longer the post-election trade plays out (in 3 months, it will have been a year!), the flatter it looks. There have...
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Luxury Home Prices Up 7.5 Percent in the Second Quarter, Outpacing the Rest of the Market for the Fi
Aug 3rd, 7:32am
High-end home prices saw the biggest jump in Irvine, California and fell furthest in Miami. The post Luxury Home Prices Up 7.5 Percent in the...
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Walter Investment to Restructure, Shares Sink
Aug 2nd, 4:16pm
Walter Investment Management Corp. has reached a deal with its biggest banks that includes a restructuring -- sending shares of its stock...
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MBS RECAP: Bonds Still Struggling to Break Recent Floors
Aug 2nd, 4:14pm
Posted To: MBS CommentaryThe chart in this morning's Day Ahead showed consolidation patterns (lower highs and higher lows) in both German...
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Former Fannie Exec to Lead Flagstar Mortgage Unit
Aug 2nd, 3:02pm
A former Fannie Mae executive has been hired to run the mortgage business at Flagstar Bancorp Inc., freeing up the bank's chief executive officer...
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Selected Operating Statistics, Large Publicly-Traded Home Builders
Aug 2nd, 2:54pm
From housing economist Tom Lawler: Below is a table showing selected operating statistics for eight large, publicly-traded builders for the...
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Housing Sales Forecast July 2017 — Fannie-Freddie-MBA
Aug 2nd, 2:53pm
Each month Fannie Mae, Freddie Mac and the MBA forecast housing sales and price appreciation rates for coming years.   As you will see, there is...
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HUD Makes $38 Million Available to Fight Housing Discrimination
Aug 2nd, 2:53pm
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) announced today it is making $38 million available to fight housing...
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Ocwen Exits Correspondent Channel, Lending Sinks
Aug 2nd, 12:47pm
An exit from the correspondent lending channel had quarterly mortgage originations plunging at Ocwen Financial Corp. The slowdown was accompanied...
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FHFA Director on Racial Divide in Homeownership and Reality of G-Fees
Aug 2nd, 11:34am
Posted To: MND NewsWireFederal Housing Finance Agency Director Melvin L. Watt focused much of his speech to the National Association of Real...
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Fewest FHA HECM Endorsements Since 2016
Aug 2nd, 11:21am
Last month's government-insured reverse mortgage production was the slowest it has been since last year. But there was a year-over-year...
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Fed should remain on 'pause' for now, Bullard says
Aug 2nd, 11:09am
St. Louis Fed President James Bullard said Wednesday the U.S. central bank should "pause" on further rate hikes "for now" given the low inflation...
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Third quarter GDP tracking at 2.5%
Aug 2nd, 10:38am
CNBC's Steve Liesman reports the latest...
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Purchase Mortgage Apps Up YoY as Refi Share Cut
Aug 2nd, 10:31am
Compared to a year ago, refinance share of mortgage applications has been slashed by 15 percentage points.During that same period, though,...
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The Fed: Fed should keep to its slow tightening pace, even with tepid inflation, Mester says
Aug 2nd, 10:06am
Cleveland Fed President Esther Mester said Wednesday the central bank's gradual tightening pace means it can stay the course even as data on the...
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Housing demand strengthens through summer, but here's why some buyers are giving up
Aug 2nd, 9:46am
Potential buyers, both young and old are trolling listings online and packing in to crowded open houses....Read More
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MBA Reform Proposal Will Have Little Impact on Consumer Costs
Aug 2nd, 9:13am
Posted To: MND NewsWireIn April, the Mortgage Bankers Association (MBA) published its proposal for reform of the housing finance system. This week...
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Some Buyers are Bidding on Homes Without Setting Foot in Them
Aug 2nd, 8:42am
Virtual reality and 3D imagery make it easier for some house hunters -- particularly millennials -- to skip a physical tour....Read More
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Treasury to Maintain Borrowing at $62 Billion for Sixth Quarter
Aug 2nd, 8:42am
Treasury to Maintain Borrowing at $62 Billion for Sixth Quarter Bloomberg The U.S. Treasury said it will maintain the issuance of longer-term debt...
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Goldman CEO Blankfein: Economic conditions 'are really not as bad as politics would suggest
Aug 2nd, 8:42am
Blankfein also says the U.S. needs to stay focused on wealth generation....Read More
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NAHB Urges Passage of Bi-Partisan Affordable Housing Bill
Aug 2nd, 8:41am
Posted To: MND NewsWireThe National Association of Home Builders (NAHB) has strongly endorsed passage of a bill, recently introduced into the U.S....
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Looks like 'solid economy' but low inflation remains a 'mystery': NYU's Law
Aug 2nd, 8:35am
Jack Caffrey, JPMorgan Private Bank, and Lawrence...
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Look beyond employment rate to unemployment, slack and wages: BofA's Michelle Meyer
Aug 2nd, 8:35am
David Bianco, Deutsche Asset Management, and...
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Total mortgage apps down 2.8% from last week
Aug 2nd, 8:35am
CNBC's Diana Olick provides the latest read on...
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Fiserv Buys PCLender; Projections, Oil, and Inflation
Aug 2nd, 8:33am
Posted To: Pipeline PressRecently an older gal pal exclaimed, “It’s all fun and games until your metabolism changes.” Are...
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MBS Day Ahead: Bond Consolidation in Full Effect. The Next Break is Important
Aug 2nd, 8:25am
Posted To: MBS CommentaryWith this morning's ADP data and Treasury Refunding Announcement (lays out the slate of auction sizes for the...
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Rates Mixed but Mortgage Apps Fall Across The Board
Aug 2nd, 7:43am
Posted To: MND NewsWireThe volume of mortgage applications declined during the week ended July 28. There were fewer applications for both purchase...
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'High-gear' US 'job machine' adds 178,000 jobs in July: ADP
Aug 2nd, 7:19am
Companies added 178,000 jobs in July on a surge in services and despite a decrease in manufacturing....Read More
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Business, Earnings Up at National MI
Aug 1st, 6:33pm
New business surged from the preceding quarter at National MI. Earnings also improved, and the book of business continued to expand.Income before...
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Genworth MI's Book and Business Grow, Lates Down
Aug 1st, 5:30pm
As Genworth Mortgage Insurance Corp.'s book of business expanded, its delinquency declined, and its new business had a quarter-over-quarter...
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New 10-Yr Low for Fannie's Mortgage Delinquency
Aug 1st, 5:06pm
Residential loan performance at the Federal National Mortgage Association was the best it's been in almost a decade. New business was also...
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MBS RECAP: Widespread Reprices as Bonds Surge Into August
Aug 1st, 3:28pm
Was it "new month" trading?  Or was it a reaction to abysmal sales data from GM?  Does it matter if the net effect was a nice move...
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Mortgage Rates Trickle to 1-Month Lows
Aug 1st, 2:27pm
Mortgage rates continued lower today, matching the best levels in just over a month.  Prospective borrowers are increasingly seeing...
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Dollar hovers near 14-month low
Aug 1st, 2:11pm
Can the dollar make a comeback? Trading the dollar...
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Goldman CFO: market for bond trading has not improved since second quarter
Aug 1st, 2:04pm
(Reuters) - Goldman Sachs Group Inc Chief Financial Officer Marty Chavez said on Tuesday that the market for fixed income trading has not improved...
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Credit Score Senate Bill Introduced
Aug 1st, 1:55pm
Legislation that would force the government-sponsored housing enterprises to allow multiple credit-scoring models has been introduced in the...
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Agency MBS Issuance Up, Freddie Leads Rise
Aug 1st, 12:27pm
With the Federal Home Loan Mortgage Corp. leading the way, agency securitizations moved up from the prior month but slowed from a year...
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Cashin: Alan Greenspan's massive bond bubble comment intriguing
Aug 1st, 12:14pm
CNBC's Bob Pisani and Art Cashin, of UBS,...
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Freddie Mac Says It Will Pay $2 Billion to Taxpayers -- Maybe
Aug 1st, 11:57am
Bloomberg Freddie Mac Says It Will Pay $2 Billion to Taxpayers -- Maybe Bloomberg Freddie Mac said it earned enough in the second quarter to send...
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Multifamily Sector Drags Down Construction Spending
Aug 1st, 11:11am
Posted To: MND NewsWireConstruction spending, both public and private, dropped 1.3 percent in June . Spending was at a seasonally adjusted annual...
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Radian Swings to Loss Despite Improved Business
Aug 1st, 11:05am
Despite rising quarterly business, a growing book of business and falling delinquency, a one-time charge pushed earnings at Radian Group Inc. into...
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Refis Pull Down Freddie's SF Volume, MF Rises
Aug 1st, 10:51am
Although the Federal Home Loan Mortgage Corp. pushed up the quarterly volume of residential purchase-money loans it financed, a drop in refinance...
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Mortgage Rates on New Home Purchases Tick Up
Aug 1st, 10:09am
Information provided by the Federal Housing Financing Agency indicates that mortgage rates on purchases of newly built homes ticked up by 3 basis...
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Inventories Pushing Home Prices Too High in 4 Metro Areas -CoreLogic
Aug 1st, 9:44am
Posted To: MND NewsWireHome prices chalked up another healthy gain in June . CoreLogic reports that its Home Price Index (HPI) marked a 6.7...
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Alan Greenspan: The bubble is in bonds, not stocks
Aug 1st, 9:27am
The former Fed chairman has again sounded the alarm on the bond market....Read More
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ISM manufacturing index at 56.3 in July
Aug 1st, 9:25am
CNBC's Rick Santelli reports the latest read on...
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ISM Manufacturing index decreased to 56.3 in July
Aug 1st, 9:12am
The ISM manufacturing index indicated expansion in July. The PMI was at 56.3% in July, down from 57.8% in June. The employment index was...
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MBS Day Ahead: Bonds Still Undecided on Impending Breakout to Open August
Aug 1st, 8:53am
"Impending breakout" sounds a bit more dramatic than reality may prove to be, but one never can be sure what the future will hold for bond...
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Personal income unchanged in June, personal spending up 0.1%
Aug 1st, 8:19am
CNBC's Rick Santelli breaks down the latest...
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Subservicer Review; Changes to Conventional, Conforming
Aug 1st, 8:16am
Posted To: Pipeline PressAugust already? Time flies, and we live in an age where we must prove to machines that we are not machines. What about...
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The benefits of a home-equity line of credit
Aug 1st, 7:47am
A home-equity line of credit adds another level of security and is best considered when in a healthy financial position....Read More
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CoreLogic US Home Price Report Shows Prices Up 6.7 Percent in June 2017
Aug 1st, 7:47am
National Homes Prices Almost 50 Percent Higher Than March 2011 Bottom Four of the Top 10 Markets Considered Overvalued Unsold Housing Inventory is...
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US consumer spending and income growth both weak in June
Aug 1st, 7:45am
Consumer spending slowed in June as income growth turned in the weakest performance in seven months....Read More
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Redfin Housing Demand Index Slipped in June from May's All-Time High
Aug 1st, 7:45am
"In this market, homebuyers have to move fast, yet high prices and low inventory are slowing down even the most earnest of house hunters," said...
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Freddie Mac Reports Second Quarter 2017 Financial Results
Aug 1st, 7:44am
Freddie Mac Reports Second Quarter 2017 Financial Results...Read More
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Fannie Mae Releases June 2017 Monthly Summary | Fannie ...
Aug 1st, 7:44am
News Release. Share This: July 31, 2017. Fannie Mae Releases June 2017 Monthly Summary. Matthew Classick. 202-752-3662. ......Read More
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CFPB Loses RESPA Lawsuit
Jul 31st, 5:15pm
A federal trial court has dismissed a lawsuit brought by the Consumer Financial Protection Bureau against a Kentucky law firm accused of violating...
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Mortgage Demand Up as Standards Little Changed
Jul 31st, 5:03pm
Over the past three months, customer demand for agency mortgages was stronger, according to a survey of bank executives. There was little change...
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MBS RECAP: Bonds Generally Hold Ground as Bigger Data Approaches
Jul 31st, 4:19pm
Today's economic data consisted only of Chicago PMI (sometimes a decent market mover) and Pending Home Sales (rarely a noticeable market...
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Weekly Mortgage Market Index Climbs on Purchases
Jul 31st, 3:44pm
New mortgage activity was driven higher by home purchase financing this past week. Also significantly improving was government business, which has...
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Mortgage Rates Modestly Lower Despite Flat Markets
Jul 31st, 3:43pm
Posted To: Mortgage Rate WatchMortgage rates moved modestly lower today, despite an absence of improvement in underlying bond markets. Rates...
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Gary Cohn: Trump is 100% committed to getting tax reform done
Jul 31st, 3:26pm
CNBC's Ylan Mui reports on comments made by...
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Low volatility makes it harder to determine market risk: QS Investors' Mike Labella
Jul 31st, 3:26pm
Discussing how investors should be positioning...
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GOP Sen Hatch says cutting corporate rate to 25% is a challenge in tax reform
Jul 31st, 3:05pm
Republican Sen. Orrin Hatch said he'd like he'd like to get the corporate tax rate down to around 20 percent....Read More
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Biggest Mortgage Lenders Q1 2017
Jul 31st, 3:04pm
As home lending slowed in the first quarter of this year, credit unions took market share from non-bank originators. Just 10 lenders were...
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The Fed: Demand for business loans weakened in second quarter, Fed finds
Jul 31st, 1:06pm
Bankers reported to the Federal Reserve that demand for business loans weakened in the second quarter....Read More
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U.S. pending home sales rise; Midwest factory activity slows
Jul 31st, 12:55pm
WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes rebounded in June after three straight monthly declines, but the housing...
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Servicing Portfolio Continues to Grow at Quicken
Jul 31st, 11:56am
Quicken Loans Inc.'s mortgage servicing portfolio continued to grow both on a quarter-over-quarter and year-over-year basis. Originations also...
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Debt ceiling fears are casting a shadow over Fed plans
Jul 31st, 11:52am
Republican failures are raising concerns of disorderly stand-off over borrowing,...Read More
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CMBS Loan Performance Recovers
Jul 31st, 11:07am
Just one month after delinquency on securitized commercial real estate loans jumped more than it had in years, it fell by nearly the same amount....
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LenderLive Expands Its Compliance Services
Jul 31st, 10:43am
LenderLive Services LLC, a division of LenderLive Holdings, Inc. (“LenderLive”), will now provide expanded compliance services through a new...
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June Pending Sales Increase the First in Four Months
Jul 31st, 10:39am
Pending home sales recovered from a three-month swoon in June, increasing 1.5 percent in June.  The National Association of Realtors®...
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LOS Upgrade Embraces Innovation And Configurability
Jul 31st, 10:34am
Wipro Gallagher Solutions (WGS), a Wipro Limited company, has released the latest version of its Loan Origination System (LOS), NetOxygen v5.0....
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Marcus Lemonis: These are the 2 essential reasons you should buy a home
Jul 31st, 10:18am
The serial entrepreneur and host of CNBC's "The Profit" says owning a home is about more than equity....Read More
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West Leads Rebound in Pending Home Sales
Jul 31st, 10:15am
After retreating for three consecutive months, the pipeline of pending home sales moved higher last month. Out front of the bounce was the...
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Dallas Fed: "Texas Manufacturing Activity Strengthens" in July
Jul 31st, 9:50am
From the Dallas Fed: Texas Manufacturing Activity Strengthens, Outlooks Improve Texas factory activity increased again in July, according to...
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Pending home sales post first annual gain since March
Jul 31st, 9:31am
CNBC's Diana Olick reports the latest read on...
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Vanguard Stops Taking Apps; Fed Owns How Much Agency MBS?
Jul 31st, 8:36am
How much would you pay to drive a cab? In New York City, in 2014, the price of a Taxi Medallion hit $1.3 million. With Uber and Lyft, Medallions...
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Bond Report: Treasury yields steady, but on track to end July lower
Jul 31st, 8:29am
U.S. Treasury yields hold steady early Monday, but are mostly on track to post declines in the last trading day in July-a month marked by repeat...
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Fischer, The Low Level of Global Real Interest Rates
Jul 31st, 8:29am
Speech At the Conference to Celebrate Arminio Fraga's 60 Years, Casa das Garcas, Rio de Janeiro, Brazil...Read More
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Another Price Index Goes a Little Wobbly
Jul 31st, 8:10am
Posted To: MND NewsWireThe last of the May's four home price indices (HPI) that MND tracks, the version supplied by Black Knight Financial...
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MBS Week Ahead: Bonds Begin Week Storing Energy For a Breakout
Jul 31st, 8:09am
Last Friday's AM commentary had a detailed write-up on the significance of "month-end bond buying." Here's a link to that, and here's a link...
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Earnings are helping the markets to hold up in the face of global volatility
Jul 31st, 7:33am
Steve Chiavarone of Federated says as long as...
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Can President Trump appoint an Acting Director upon Director Cordray's departure?
Jul 31st, 7:31am
Given the speculation that Director Cordray will soon resign to run for Ohio governor, we have been pondering whether President Trump could...
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Sneak Preview in the Works For Timing of US Libor Alternative
Jul 31st, 7:31am
Sneak Preview in the Works For Timing of US Libor Alternative Bloomberg With a little luck, financial markets may get a better sense of how soon...
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The real reason so many millennials still live with their parents
Jul 31st, 7:30am
A third of 18- to 34-year-olds still live at home. Older generations like to say it's laziness-but it's not....Read More
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Younger house hunters prefer dog-friendly features to family-friendly ones when buying first home
Jul 31st, 7:30am
Thirty-three percent of millennial first-time home buyers cite a bigger yard for their dog as an influence in buying their first home....Read More
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CORELOGIC INTEGRATES WITH FANNIE MAE TO PROVIDE DAY 1 CERTAINTY SERVICE
Jul 31st, 7:29am
— Integration Provides Seamless Income Verification on DU Platform — CoreLogic ® (NYSE: CLGX), a leading global...
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MBS RECAP: Post-GDP Rally Keeps Same Range Intact
Jul 28th, 5:30pm
Posted To: MBS CommentaryOvernight weakness almost ruined it, but 10yr yields just barely held inside the necessary levels to claim their third...
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Mortgage Rates Starting to Look Paralyzed
Jul 28th, 4:16pm
Posted To: Mortgage Rate WatchMortgage rates were generally flat today, despite improvements in underlying bond markets. Although several lenders...
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Senator Warren calls on Fed to remove Wells Fargo board members
Jul 28th, 3:05pm
WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren called on Federal Reserve Chair Janet Yellen to remove members of Wells Fargo & Co's...
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Servicing, Staffing Expand at PRMI
Jul 28th, 2:45pm
Servicing and staffing expanded from three months earlier and a year earlier at Primary Residential Mortgage Inc. Home lending activity moved up...
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US Economic Growth Rebounds, But Breaking Out Is Hard to Do
Jul 28th, 2:14pm
Bloomberg US Economic Growth Rebounds, But Breaking Out Is Hard to Do Bloomberg The U.S. economy's second-quarter rebound puts the...
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Ocwen Victory Good for All NJ Home Lenders
Jul 28th, 1:48pm
In the recently published decision of Ocwen Loan Services v. Quinn, the Superior Court of New Jersey, Appellate Division, affirmed a decision of...
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Freddie Mac: Mortgage Serious Delinquency rate declined in June, Lowest since April 2008
Jul 28th, 1:23pm
Freddie Mac reported that the Single-Family serious delinquency rate in June was at 0.85%, down from 0.87% in May.  Freddie's rate is...
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Ocwen Settles Investor Class Action
Jul 28th, 1:17pm
Ocwen Financial Corp. has agreed to settle for $56 million a long-running class action securities fraud lawsuit.The action stems from accusations...
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Banks must face interest rate swap class action: U.S. judge
Jul 28th, 1:10pm
NEW YORK (Reuters) - A U.S. judge on Friday said investors may pursue part of their nationwide antitrust lawsuit accusing 12 of the world's...
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Fed's balance sheet not boosting U.S. economy much: Kashkari
Jul 28th, 1:10pm
(Reuters) - The Federal Reserve's $4.5 trillion balance sheet is not doing a lot to boost the U.S. economy right now and trimming it gradually is...
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Economy Grew At a Faster Pace in Q2
Jul 28th, 11:59am
In the second quarter of 2017, the nation's economy grew at a faster pace than in the first quarter. According to the Bureau of Economic Analysis,...
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What Luxury Home Builders Consider Worth the Splurge
Jul 28th, 11:46am
In their own homes, construction-company bosses will spend money on the best materials and perks like seven ovens and a dog-grooming room. But...
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Millennial Homeownership Ticked Up in Q2
Jul 28th, 10:46am
Posted To: MND NewsWireThe U.S. homeownership rate ticked up by 0.1 percentage point in the second quarter of 2017, to 63.7 percent. The rate,...
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Redfin shares surge more than 30% in $138.5 million real estate tech IPO
Jul 28th, 10:15am
Redfin specializes in buying and selling homes and uses a mobile app to do tasks like schedule home tours and suggest listings....Read More
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Hilltop's Mortgage Earnings, Originations Up
Jul 28th, 10:04am
A quarter-over-quarter gain was reported for mortgage earnings and originations at Hilltop Holdings Inc. Year-over-year gains, however, were...
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Consumer sentiment index reports slight increase
Jul 28th, 9:33am
CNBC’s Rick Santelli reports on the most recent...
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MBS Day Ahead: Revisiting "Month-End Bond Buying," Plus a Look at The Current Trend
Jul 28th, 9:05am
We often talk about the month-end trading environment as relatively more supportive for bond markets--all other things being equal....
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New Documents Give Hope to Fannie Shareholders Seeking Redress
Jul 28th, 8:51am
Bloomberg New Documents Give Hope to Fannie Shareholders Seeking Redress Bloomberg Shareholders of Fannie Mae and Freddie Mac say a trove of...
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Freddie Mac: Why We are Building So Few Houses?
Jul 28th, 8:29am
Freddie Mac's Outlook this month looks at what it calls "the spoiler," the lean inventory of newly constructed homes for sale. While the situation...
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$14bn InterFirst Shuts Down; Servicing Deals; Goodbye LIBOR
Jul 28th, 8:18am
We’re a couple months into the North Atlantic hurricane season which lasts to November 30. It has been 12 years since the US was struck by a...
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US second quarter GDP meets expectations
Jul 28th, 7:40am
The second-quarter GDP data follows a weak first-quarter report....Read More
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Fed's tapering could dampen investors' risk appetite: Peter Boockvar
Jul 28th, 7:26am
Peter Boockvar, The Lindsey Group, and Randolph...
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Looking to Make a Quick Buck? Sell Your Home
Jul 28th, 7:25am
Homeowners are pocketing the most extra money on selling their homes since the height of the last housing market, according to a new report. The...
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US Treasurys mostly lower as bond investors await GDP data
Jul 28th, 7:23am
U.S. government debt prices were mostly lower on Friday, as investors await key data releases including gross domestic product (GDP)....Read More
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Mortgage Rates Drop, Might Ascend
Jul 27th, 5:15pm
Interest rates on single-family loans retreated this past week. It's possible, however, that mortgage rates could bounce back up in the next...
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Land Gorilla And MRG To Guide Industry Leaders Toward Housing Shortage Solutions
Jul 27th, 4:26pm
Rolling with the momentum from March’s successful Construction Lending Summit in Denver, the construction loan management company Land Gorilla...
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REO Services, Property Preservation Merger
Jul 27th, 4:06pm
National REO and property preservation service providers TruAssets LLC, Northsight Management LLC, are merging as of August 1, 2017. The new...
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MBS RECAP: 2nd Straight Day Inside Tuesday's Range
Jul 27th, 3:41pm
This week continues to be all about Tuesday for bond markets.  That was the day with the rather violent, inexplicable sell-off that took...
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Mortgage Rates Not Exactly Lower This Week
Jul 27th, 2:25pm
Posted To: Mortgage Rate WatchMortgage rates were mixed today, depending on the lender, but generally held fairly close to yesterday's levels. All...
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Joint Statement on Tax Reform
Jul 27th, 2:12pm
Today, House Speaker Paul Ryan (R-WI), Senate Majority Leader Mitch McConnell (R-KY), Treasury Secretary Steven Mnuchin, National Economic Council...
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Ryan Gives Up on Border-Adjusted Tax on Imports After Attack
Jul 27th, 2:12pm
Ryan Gives Up on Border-Adjusted Tax on Imports After Attack Bloomberg House Speaker Paul Ryan speaks at a National Association of Manufacturers...
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Freddie Boosts US Mortgage Outlook By $140 Billion
Jul 27th, 1:52pm
Freddie Mac has improved its outlook for industry-wide single-family lending this year and next year by $140 billion. A majority of the increase...
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1% Down Payment Impossible After Freddie's Guideline Change
Jul 27th, 1:22pm
Freddie Mac has announced a change in requirements for its Home Possible Mortgages, including Home Possible Advantage Mortgages. The changes...
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J.D. Power Mortgage Servicer Satisfaction Rankings
Jul 27th, 1:16pm
The mortgage servicing industry, which took a beating in the public mind during the housing crisis, has somewhat rehabilitated its image in recent...
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Robert Shiller: Fear of robots is driving the market rally
Jul 27th, 1:10pm
Fear of robotics and artificial intelligence is "substantially driving the market," according to the famed economist....Read More
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10 questions to ask yourself before you buy — or sell — a house
Jul 27th, 1:07pm
Housing is the biggest expense for most American families. Are those dollars getting spent wisely?...Read More
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Freddie Mac July 2017 Outlook
Jul 27th, 1:06pm
Freddie Mac July 2017 Outlook...Read More
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Fed nominee Quarles: Time to step back from some banking regulations
Jul 27th, 1:04pm
Randal Quarles has been nominated to serve as the...
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Santelli Exchange: Zero interest rate policy & asset price inflation
Jul 27th, 1:04pm
Informa Trim Tabs & TrimTabs Asset Management...
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Second quarter GDP estimates revised up
Jul 27th, 1:04pm
CNBC's Steve Liesman reports the latest...
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Churchill Mortgage Originations Jump
Jul 27th, 12:42pm
Compared to the previous three-month period and the year-earlier quarter, home-lending activity at Churchill Mortgage Corp. was stronger. Staffing...
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Alexa Helps Mortgage Brokers w/Pipeline Management
Jul 27th, 11:39am
A wholesale mortgage lender is providing its mortgage-broker clients with hands-free access to current information about their loan pipelines.The...
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FHA-backed Loans Finance Smallest Share of New Home Sales Since 2014
Jul 27th, 11:11am
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the Census Bureau reveals that FHA-backed loans were...
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Satisfaction Off at Best Mortgage Servicers
Jul 27th, 10:48am
Two of the residential loan servicers that are considered to be among the five best saw borrower satisfaction erode this year. But the other three...
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Home sellers see biggest profits in a decade — not just because of higher prices
Jul 27th, 10:10am
Higher prices and longer tenure of homeownership are combining to give sellers the highest profits in a decade....Read More
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Americans are financially happier than they've been in a decade
Jul 27th, 10:10am
Gauge of how households are faring reaches 10-year high....Read More
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Mortgage industry under fire again ... from younger buyers
Jul 27th, 9:46am
A generational shift might be behind lower customer satisfaction for mortgage companies....Read More
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HVS: Q2 2017 Homeownership and Vacancy Rates
Jul 27th, 9:43am
The Census Bureau released the Residential Vacancies and Homeownership report for Q1 2017. This report is frequently mentioned by analysts and the...
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Multifamily Sector Slowing But Still Strong in 2017
Jul 27th, 9:39am
Freddie Mae is projecting that 2017 will be another good year for multi-family housing.  The company, a major presence in financing...
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Record Mortgage Production at Waterstone
Jul 27th, 9:19am
A small increase in home-lending volume at WaterStone Bank SSB was enough to push residential loan production to "a quarterly...
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Fed's message 'consistent,' expect one more hike in December: The Clearing House chie
Jul 27th, 9:17am
Bill Nelson, The Clearing House chief economist,...
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Initial jobless claims up 10K to 244,000, durable good up 6.5% in June
Jul 27th, 9:17am
CNBC's Rick Santelli breaks down the latest...
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Jobless claims rise from three-month low
Jul 27th, 8:43am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rebounded from a three-month low last week, but remained below a...
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Stock market opens at all-time intraday highs
Jul 27th, 8:42am
U.S. stock-index benchmarks on Thursday jumped to records at the open, supported by the latest round of upbeat corporate results. Most recently...
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U.S. durable goods, trade data point to pick-up in second-quarter growth
Jul 27th, 8:42am
WASHINGTON (Reuters) - New orders for key U.S.-made capital goods unexpectedly fell in June, but a fifth straight monthly increase in shipments...
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MBS Day Ahead: Let's Try This Again: It's a Tradeflow-Driven Market
Jul 27th, 8:40am
Posted To: MBS CommentaryWhat is a tradeflow? We have a primer that attempts to answer that question on MBS Live ( this one ), but even after...
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Home Impossible: Freddie Kills 1% Down
Jul 27th, 8:06am
As announced in our July 6, 2017 Industry Letter, we are changing our requirements for Home Possible Mortgages, including Home Possible Advantage...
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Home seller profits soar to highest level in 10 years. Here's how it happened...
Jul 27th, 7:34am
CNBC's Diana Olick reports homeowners who sold...
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This scandal-hit interest rate used to set mortgages is to end in 2021
Jul 27th, 7:33am
The interbank lending rate, LIBOR, is to be phased out within 4 years....Read More
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Deutsche Bank posts unexpectedly sharp rise in second-quarter profit
Jul 27th, 7:33am
FRANKFURT (Reuters) - Deutsche Bank posted a sharp rise in second-quarter net profit to 466 million euros ($547 million) on Thursday, benefiting...
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State Law Changes Impacting LOs, Notaries, POAs; Fed Funds on Hold
Jul 27th, 7:27am
Have you been chipped yet? A Wisconsin company is holding a “chip party” to implant chips into its employees so they can buy...
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MBS RECAP: Bonds Battle Back After Fed Foregoes Surprises
Jul 26th, 5:44pm
Posted To: MBS CommentaryToday's focus was understandably on the Fed Announcement, and indeed, most of the movement followed it. But...
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Mortgage Rates Steady to Slightly Lower After Fed
Jul 26th, 4:06pm
Mortgage rates were steady to slightly lower today, despite fairly substantial movement in underlying bond markets.  Bond prices...
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Older Americans Buck Trend of Decreased Homeownership
Jul 26th, 3:44pm
U.S. homeownership rates are down eight percentage points since 2009, with declines evident among most major demographic groups except older...
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M.I. Premiums Improve at MGIC
Jul 26th, 2:44pm
Changes being made to mortgage insurance premiums at MGIC will result in lower costs for some borrowers and greater choices for others.On...
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Expert: Fed fires 'shot across the bow' on balance sheet reduction
Jul 26th, 2:32pm
Danielle DiMartino Booth, Money Strong; Scott...
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The Best Way to Increase Housing Supply? Build More
Jul 26th, 2:30pm
Bloomberg The Best Way to Increase Housing Supply? Build More Bloomberg A new report seeks to quantify the impact that slow construction, avid...
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Freddie Mac: Multifamily Market Will Continue to Grow, Hitting Records in 2017
Jul 26th, 2:29pm
Freddie Mac: Multifamily Market Will Continue to Grow, Hitting Records in 2017...Read More
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Dollar turns negative after Fed statement
Jul 26th, 2:29pm
The U.S. dollar pivoted lower on Wednesday after the Federal Reserve said it would begin winding down its bond holdings "relatively soon." The...
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House Votes to Repeal Arbitration Rule
Jul 26th, 2:06pm
Legislation to repeal a recently enacted rule that prohibits mandatory arbitration made it through the House this week.On Tuesday, the House voted...
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Mortgage Firm Acquiring Virginia Bank
Jul 26th, 1:56pm
A mortgage company out of Virginia has negotiated an all-stock acquisition where its chief executive officer will become chairman of a...
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CMBS Storm Could Begin to Subside
Jul 26th, 1:47pm
Delinquency on loans included in commercial mortgage-backed securities continued to deteriorate, though conditions could soon begin to...
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Trump: Cohn, Yellen are contenders for Federal Reserve chair
Jul 26th, 12:44pm
CNBC's Steve Liesman reports on what to expect...
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New Home Sales Accelerate, West Leads
Jul 26th, 12:35pm
Newly constructed residential properties sold last month at an annual rate that was better than both one month earlier and one year earlier. The...
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Santelli Exchange: All stimulus is fungible
Jul 26th, 12:08pm
Former Federal Reserve Governor Robert Heller &...
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Trade associations urge Congress to disapprove CFPB arbitration rule
Jul 26th, 11:59am
A group of 11 trade associations have sent a letter to members of Congress expressing their “strong disapproval” of the...
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Mortgage Results Drive HomeStreet Layoffs
Jul 26th, 11:48am
With home-lending business coming in more slowly than expected, HomeStreet Inc. has begun reducing its mortgage workforce. Further downsizing...
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The Fed is about to make a major policy change. Here's how it works
Jul 26th, 10:50am
Consider the Fed the Starship Enterprise of monetary policy: It went where no central bank had gone before, and now must plot the journey...
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House passes H.J. Res. 111 to override CFPB arbitration rule
Jul 26th, 10:16am
Yesterday afternoon, the House of Representatives, by a 231-190 partisan vote, passed H.J. Res. 111 which provides for Congressional disapproval...
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Op-ed: Elitist approach to housing will harm an entire generation of families
Jul 26th, 9:40am
Zoning strategies to limit construction of housing in the most desirable communities will harm an entire generation of workers and their...
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Refinances Push Mortgage Applications Up Again
Jul 26th, 9:36am
Despite a week-over-week drop in purchase activity, refinance business drove overall mortgage applications higher. Refinances were busier for the...
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New home sales rise for second straight month
Jul 26th, 9:17am
CNBC's Diana Olick reports the latest read on...
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Newfi Lending Reaches $1 Billion In Mortgage Originations
Jul 26th, 9:14am
Newfi Lending, a technology-enabled residential mortgage lender and portfolio company of Warburg Pincus, has originated over $1 billion in loan...
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New Homes Sales Fall Short of Expectations
Jul 26th, 9:09am
This is a breaking story and will be updated shortly. The annual pace of single family home sales in June rose to 610k units from a...
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Bestborn Joins Elite Microsoft Dynamics Inner Circle
Jul 26th, 8:52am
Bestborn Business Solutions, creators of Loan Vision, has been inducted into the Microsoft Dynamics Inner Circle, an elite group of Microsoft...
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MBS Day Ahead: Why Today Could Matter: A Lesson From an Old Fed Announcement
Jul 26th, 8:43am
Posted To: MBS CommentaryRemember 2015? The Fed spent the whole year talking about hiking rates for the first after spending years at 0% and...
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Markets don't expect Fed surprise, yet: CNBC's Steve Liesman
Jul 26th, 8:30am
CNBC's Steve Liesman provides a preview of the...
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Lender M&A, Bank Mortgage News; FHA and Cybersecurity
Jul 26th, 8:17am
Posted To: Pipeline PressWe’re in the midst of state fair season, and with it all the wonderful organic health food. Have you tried deep...
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Investors braces for Fed, earnings flood
Jul 26th, 7:36am
Wall Street’s mood was bullish as the earnings...
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D.R. Horton profit rises on higher home sales
Jul 26th, 7:33am
(Reuters) - D.R. Horton Inc , the largest U.S. homebuilder, reported a quarterly profit that narrowly beat analysts' estimates as home sales...
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JPMorgan points to low risk of a US housing correction
Jul 26th, 7:33am
New research from JPMorgan examining historic data found that the risk of a dramatic decline in prices is low, despite current fears of a...
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The biggest bond ETF provider says business may double in next five years
Jul 26th, 7:32am
Barclays began offering a bond exchange-traded fund 15 years ago....Read More
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US Treasurys higher as bond investors look to Fed meeting
Jul 26th, 7:32am
U.S. government debt prices were higher on Wednesday, as investors await for key news out of the Federal Open Market Committee's (FOMC) latest...
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Fed expected to leave rates unchanged; balance sheet in focus
Jul 26th, 7:32am
WASHINGTON (Reuters) - The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding...
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Refi Applications Strengthened on Last Week's Lower Rates
Jul 26th, 7:31am
Posted To: MND NewsWireA decline in purchase mortgage applications cancelled out most of a moderate increase in refinancing during the week ended...
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Freddie Mac Issues Monthly Volume Summary for June 2017
Jul 26th, 7:28am
Freddie Mac Issues Monthly Volume Summary for June 2017...Read More
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Home Price Indices Continue Escalating
Jul 25th, 6:06pm
Multiple monthly home price indices continued climbing to higher elevations, with the West dominating the rise. At least one index reached another...
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Waterstone Ordered to Pay LOs $7 Million
Jul 25th, 5:32pm
Waterstone Mortgage Corp. has been ordered by an arbitrator to pay current and former loan officers over $7 million in unpaid wages and overtime....
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5-Month High For Freddie's New Business
Jul 25th, 5:12pm
Secondary marketing activity accelerated to the highest level in five months at the Federal Home Loan Mortgage Corp. as delinquency fell to the...
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MBS RECAP: For Bonds, Worst Day Since Late June ECB Scare
Jul 25th, 3:24pm
Posted To: MBS CommentaryBonds sold off aggressively today, for a combination of reasons that are tremendously unsatisfying in a traditional...
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Mortgage Rates Spike, Erasing Last Week's Gains
Jul 25th, 2:18pm
Mortgage rates moved abruptly higher today, erasing the improvement seen last week.  An entire week's worth of movement may or may...
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Central Bank Balance Sheet Policies and Spillovers to Emerging Markets
Jul 25th, 2:17pm
Working Paper No. 17/172...Read More
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We're getting some worry about affordability: MKM Partner's Megan McGrath
Jul 25th, 2:17pm
Megan McGrath, executive director and senior...
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Zillow reports home median values hitting highest levels
Jul 25th, 2:16pm
CNBC's Diana Olick reports on home values...
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Next Fed chair up in the air until fall
Jul 25th, 2:16pm
CNBC's Steve Liesman reports on Fed Chair Janet...
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Santelli Exchange: Happy hour in the European Union
Jul 25th, 2:16pm
CNBC's Rick Santelli discusses how the European...
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Kushner interviewed by House intelligence panel
Jul 25th, 2:16pm
WASHINGTON (Reuters) - Jared Kushner, adviser and son-in-law to President Donald Trump, was questioned for nearly three hours on Tuesday by...
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BB&T raises quarterly common stock cash divided by 3 cents to 33 cents a share
Jul 25th, 2:16pm
BB&T Corp. said Tuesday it is raising its quarterly common stock cash dividend by 3 cents to 33 cents a share. The new dividend will be paid...
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Wells Fargo Lawyer Who Released Client Information Wants It Back
Jul 25th, 2:16pm
Wells Fargo Lawyer Who Released Client Information Wants It Back Bloomberg Wells Fargo & Co.'s attorney who mistakenly released...
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Investors are watching for one big thing in the Fed statement
Jul 25th, 2:16pm
Fed watchers are hanging on how the Fed characterizes one word in its statement Wednesday-and that is inflation....Read More
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Caliber's Lending, Servicing and Staffing Grow
Jul 25th, 1:33pm
Caliber Home Loans Inc. reported growth in its residential loan originations, mortgage servicing portfolio and human resource assets.The Mortgage...
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Unsealed Court Docs Paint Fannie/Freddie as Congressional Cash Cow
Jul 25th, 1:08pm
Unless one follows the Fannie Mae/Freddie Mac conservatorship drama on a regular basis, it is easy to get lost in the legal weeds. MND has dipped...
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Flagstar's Home Lending Soars, Could Jump Again
Jul 25th, 11:53am
A quarterly leap in mortgage originations at Flagstar Bancorp Inc. is set to repeat in the current quarter. But the primary mortgage servicing...
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Can't buy a house? Don't worry—here's how you can still build wealth
Jul 25th, 11:24am
"Never think a home is a way to create financial freedom."...Read More
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House likely to pass H.J. Res. 111 today to override CFPB Arbitration Rule
Jul 25th, 10:48am
Yesterday at 5:00 p.m., the House Rules Committee, by a 9-4 partisan vote, reported a rule on H.J. Res. 111 with a recommendation that the...
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Consumer confidence strengthens in July, beating expectations for a drop
Jul 25th, 9:45am
A major indicator of consumer optimism beat estimates and climbed for a second straight month....Read More
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Consumer confidence index for July beats forecasts
Jul 25th, 9:44am
CNBC's Rick Santelli reports the latest read on...
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6th Straight Record High For Home Prices -Case-Shiller
Jul 25th, 9:42am
The S&P CoreLogic Case-Shiller National Home Price Index hit another new record in May, the sixth consecutive month it did so while the...
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Partnership Enables Efficient Home Equity Lending And LOS Integration
Jul 25th, 9:31am
FirstClose, a provider of end-to-end technology solutions for refinance and home equity lenders nationwide, today announced a partnership with...
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Helping Struggling Miami Homeowners
Jul 25th, 9:24am
Ocwen Financial Corp., the National Association for the Advancement of Colored People (NAACP), and NID Housing Counseling Agency (NID) are working...
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Credit Underwriting Changes; Exec Comments on Margins and Volume; Ally's Offer
Jul 25th, 8:33am
Lenders cutting margins in a diminishing mortgage marketplace. You bet. Does one lender want 100% market share? Perhaps. Here’s the latest...
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CNBC Fed Survey: 72% say Fed will hike in December
Jul 25th, 8:24am
CNBC's Steve Liesman breaks down the results of...
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Fed Balance-Sheet Plan Missing Key Detail Tied to Bond Squeezes
Jul 25th, 8:24am
Fed Balance-Sheet Plan Missing Key Detail Tied to Bond Squeezes Bloomberg The Federal Reserve has been painstaking in laying out how the upcoming...
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Should you buy a starter home or a long-term home?
Jul 25th, 8:23am
Should you purchase a small home to get into the market now, knowing you may grow out of it in a few years?...Read More
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Kushner returns to Capitol Hill for second day of interviews
Jul 25th, 8:23am
President Donald Trump's son-in-law and adviser Jared Kushner will return to Capitol Hill Tuesday for a second day of private meetings...
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The Worst Cities of 2017: Brace Yourself for Some Surprises
Jul 25th, 8:22am
Courtesy of a survey from WalletHub, you might be shocked to learn which metros have been ranked among the "worst" U.S. cities to live in in 2017....
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Government Shutdown Odds Grow With GOP Border Wall Funding Bill
Jul 25th, 8:22am
Bloomberg Government Shutdown Odds Grow With GOP Border Wall Funding Bill Bloomberg House Republicans this week are increasing the possibility of...
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MBS Day Ahead: Recent Rally Under Threat Ahead of Fed
Jul 25th, 8:21am
After enjoying a nice rally since July 10th, bond markets are taking the 2 days leading up to tomorrow's Fed announcement to book some...
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U.S. home prices for May rise slower than expected
Jul 25th, 8:21am
NEW YORK (Reuters) - U.S. single-family home prices accelerated at a slower pace in April, falling short of forecasts, a survey showed on...
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Huntington Lifts Home Lending
Jul 24th, 5:23pm
Huntington Bancshares Inc. beat its single-family lending volume for both the previous quarter and the same quarter last year. Mortgage income was...
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Finance of America's Home Lending Increases
Jul 24th, 5:11pm
In addition to lifting home lending on a quarter-over-quarter basis, Finance of America Holdings LLC managed to maintain mortgage production on a...
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MBS RECAP: Slowest Day of The Year for Bonds
Jul 24th, 4:18pm
Posted To: MBS CommentaryHow's that for an exciting headline? At least it's an " extreme ," technically--just not the sort of...
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Here's what it looks like when the foreclosure ‘pig' moves through the housing-cr
Jul 24th, 4:01pm
There's a notable exception in the housing recovery: delinquent mortgages bought on government auctions by institutional investors to buttress the...
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Funny Real Estate Quote from 10 Years Ago
Jul 24th, 4:01pm
Time flies! Ten years ago, the NAR reported existing home sales of 5.75 million SAAR for June 2007. Since then sales for June 2007 have been...
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Trading Nation: Dollar hits 1-year low
Jul 24th, 3:39pm
Ari Wald, Oppenheimer, and Marc Chandler, Brown...
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Rates Begin Week Unchanged at July's Lows
Jul 24th, 3:23pm
Posted To: Mortgage Rate WatchMortgage rates held steady today, which leaves them in line with the lowest levels in July. In underlying bond...
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This house had 22 offers. Here's why the owners didn't take the highest
Jul 24th, 2:14pm
CNBC's Diana Olick reports on how realtors are...
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Balance Sheet in Focus Ahead of Fed Meeting
Jul 24th, 2:04pm
Bloomberg Balance Sheet in Focus Ahead of Fed Meeting Bloomberg Bloomberg's Jeanna Smialek discusses the Federal Reserve and balance sheet...
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South Leads Drop in Existing Home Sales
Jul 24th, 1:56pm
Although the number of residential properties sold last month was the highest in years, the annual rate was still lower. The South had the biggest...
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Echoes of 1994 bond meltdown stoke market's Fed fear
Jul 24th, 1:25pm
A mistake from the Fed might be the only thing investors really fear right now....Read More
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Fed will likely focus on low inflation but leave rates alone
Jul 24th, 12:59pm
Inflation, one of The Fed's two mandates, has consistently been an issue for the central bank to achieve....Read More
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ETF Focus: Investors withdraw from long-dated Treasurys ETF
Jul 24th, 12:58pm
Investors have pulled hundreds of millions of dollars from the largest exchange-traded fund to track long-dated Treasury bonds, in what was seen...
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June Construction Starts Climb 4 Percent
Jul 24th, 11:59am
NEW YORK, July 24, 2017 /PRNewswire/ -- New construction starts in June grew 4% from the previous month to a seasonally adjusted annual...
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Multifamily CMBS 60-Day Rate Surges
Jul 24th, 11:45am
The rate of late payments on securitized commercial real estate loans backed by apartment buildings soared more than a hundred basis points last...
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Draghi's Master Plan Keeps Summer Rates Volatility Suppressed
Jul 24th, 11:16am
Bloomberg Draghi's Master Plan Keeps Summer Rates Volatility Suppressed Bloomberg The European Central Bank has given the green light to...
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Federal Reserve commends efforts as Faster Payments Task Force concludes
Jul 24th, 11:05am
Federal Reserve commends efforts as Faster Payments Task Force concludes...Read More
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U.S. Foresaw Better Return in Seizing Fannie and Freddie Profits
Jul 24th, 10:49am
In August 2012, the federal government abruptly changed the terms of the bailout provided to Fannie Mae and Freddie Mac, the mortgage finance...
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Fannie/Freddie Joint Venture Flying Too Far Under Radar -UI
Jul 24th, 10:35am
Most of the major proposals for reforming the housing finance system rely on two steps to minimize the risk that any one or two institutions, and...
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Existing Home Sales Weakness Blamed on Same Old Problem
Jul 24th, 10:30am
Posted To: MND NewsWireExisting home sales slipped in June, with the blame again placed on low levels of inventory . The decline in sales,...
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Weekly Mortgage Market Index Retreats, Jumbo Up
Jul 24th, 10:07am
Loan originators, except those who originate jumbo mortgages, were less busy this past week with residential lending activity. Home purchase...
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June existing home sales at 5.52 million vs. 5.6 million estimate
Jul 24th, 9:48am
CNBC's Diana Olick reports the latest read on...
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NAR: "Existing-Home Sales Retreat 1.8 Percent in June"
Jul 24th, 9:20am
From the NAR: Existing-Home Sales Retreat 1.8 Percent in June Existing-home sales slipped in June as low supply kept homes selling at a near...
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MBS Week Ahead: Fed Announcements are Major Events, but Probably Not This Week's
Jul 24th, 9:03am
Posted To: MBS CommentaryIn March 2011, the Fed announced it would change things up with respect to its policy announcements. Although there would...
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Lender Fee and Pricing Changes; CFPB Suit Dismissed, HMDA webinar
Jul 24th, 8:10am
Posted To: Pipeline PressWhat should lenders and loan officers be concerned about? What’s threatening their livelihood, besides all cash...
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Wall Street awaits earnings, Fed
Jul 24th, 7:43am
U.S. stock futures were under pressure this...
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Don't understand Fed's 'rush' on balance sheet: Merrill Lynch's Karin Kimbr
Jul 24th, 7:43am
Barbara Reinhard, Voya Investment Management, and...
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US Treasurys mixed as bond investors await data, oil meeting
Jul 24th, 7:40am
U.S. government debt prices were relatively flat but mixed on Monday, as investors get ready to digest more economic data and news out of the...
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Federal Reserve now faces prospect of global monetary policy tightening
Jul 24th, 7:39am
WASHINGTON (Reuters) - Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when...
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Quarter-Over-Quarter Mortgage Gains at Fifth Third
Jul 22nd, 1:32pm
The volume of home-lending activity at Fifth Third Bancorp ascended from the previous quarter, as did mortgage income and the size of the...
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Quicken Loans Loses Class Action Appraisal Lawsuit
Jul 21st, 7:50pm
Quicken Loans Inc. has lost a class action in which it was accused of suggesting values to appraisals. But the mortgage giant expects to be...
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Wells Fargo Sued Over Rate Lock Extension Fees
Jul 21st, 6:37pm
A former employee of Wells Fargo & Co. has filed a federal lawsuit alleging the lender wrongfully charged customers for rate-lock extension...
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MBS RECAP: Bonds Extend Gains in Super Quiet Conditions
Jul 21st, 5:09pm
Posted To: MBS CommentaryAs expected, today could be better characterized as a highly-regulated narcotic sleep aid than an interesting trading day...
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Weekly Mortgage Business Leaps, ARMs Soar
Jul 21st, 4:50pm
New residential lending activity made a healthy gain following the holiday week. Even more impressive was skyrocketing adjustable-rate mortgage...
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Mortgage Rates Lowest in July
Jul 21st, 4:14pm
Posted To: Mortgage Rate WatchMortgage rates moved lower today, setting yet another new low for the month of July. For the past 2 weeks, rates...
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Weak mortgage income hurts US regional lenders
Jul 21st, 3:22pm
Higher interest rates hurt earnings of regional banks in the second quarter, mirroring big banks....Read More
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Meet Your New Landlord: Wall Street
Jul 21st, 3:22pm
A new breed of homeowners has arrived in many communities around the country: big investment firms in the business of offering single-family homes...
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Alleged HECM Scheme Settled
Jul 21st, 3:15pm
The federal government has negotiated a settlement with a man who is accused of abusing the federally insured reverse mortgage program.Alexander...
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Can the economy get to 3% GDP?
Jul 21st, 1:44pm
Ron Insana, CNBC contributor, and Douglas...
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Q3 Mortgage Origination Forecast Lifted
Jul 21st, 12:46pm
Mortgage banking economists have improved their outlook for loan originations during the current quarter. Full-year expectations have risen for...
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CFPB Loses Another RESPA Case
Jul 21st, 12:38pm
A federal district court recently ruled against the CFPB in a long-standing case under the Real Estate Settlement Procedures Act (RESPA) involving...
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We'll Get Different Fed During Next Seven Years, El-Erian Says - Bloomberg
Jul 21st, 12:04pm
We'll Get Different Fed During Next Seven Years, El-Erian Says Bloomberg Mohamed El-Erian, chief economic adviser at Allianz and a...
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Mortgage Originations, Servicing Up at SunTrust
Jul 21st, 11:07am
In addition to lifting its quarterly home lending, SunTrust Banks Inc. grew its residential loan servicing portfolio. But mortgage earnings...
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CFPB issues Spring 2017 rulemaking agenda
Jul 21st, 11:02am
The CFPB's Spring 2017 rulemaking agenda has been published as part of the Spring 2017 Unified Agenda of Federal Regulatory and Deregulatory...
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With Expiration Looming, NAR, NAHB Applaud Flood Insurance Renewal Progress
Jul 21st, 10:29am
Posted To: MND NewsWireIt remains to be seen if it passes into law, or how it will hold up during the process, but housing industry groups say an...
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Barney Frank: There will be changes to Dodd-Frank but no sustained assault
Jul 21st, 9:52am
Former Massachuetts Congressman Barney Frank...
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BLS: Unemployment Rates Lower in 10 states in June, Two States at New Series Lows
Jul 21st, 9:40am
From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in June in 10 states, higher in 2 states, and...
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Need to increase population and productivity to get to 3% growth: Austan Goolsbee
Jul 21st, 9:28am
Austan Goolsbee, Booth School of Business, and Ryan...
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Freddie Mac Announces Pricing of $285 Million Multifamily Small Balance Loan Securitization
Jul 21st, 9:27am
Freddie Mac Announces Pricing of $285 Million Multifamily Small Balance Loan Securitization...Read More
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These are the top ZIP codes for rental returns
Jul 21st, 9:27am
Want to buy a rental property? Here's a list of the Top 20 ZIP codes to consider....Read More
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Seven years after Dodd-Frank passage, there still aren't proposals for a fifth of rules
Jul 21st, 9:26am
Financial regulators have written over 26,000 pages of rules for the landmark Dodd-Frank bank reform law passed seven years ago. But there's still...
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State-Level Changes Across the Board; Housing and Rates
Jul 21st, 8:34am
Posted To: Pipeline PressUnder the heading, “What’ll they think of next?”, especially for aging Boomers, comes stairs that store...
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MBS Day Ahead: Low Volume and Light Liquidity Expected. Here's What That Means
Jul 21st, 8:29am
Posted To: MBS CommentaryOne of the hallmarks of classic (read: old school) technical analysis is the role of volume in confirming market...
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Builders Concerns of Lot Availability Unchanged from 2016
Jul 21st, 8:18am
The monthly NAHB/Wells Fargo Housing Market Index (HMI) survey includes a set of "special" questions on a topic of current interest to the housing...
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Market isn't pricing in future rate hikes: Schwab's Kathy Jones
Jul 21st, 7:48am
Kathy Jones, Schwab Center for Financial Research,...
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Investors Underestimate Fed Unwind Risk, UBP's Villamin Says
Jul 21st, 7:41am
Bloomberg Investors Underestimate Fed Unwind Risk, UBP's Villamin Says Bloomberg Bond market investors aren't prepared for the...
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US Treasurys higher as bond investors digest ECB comments
Jul 21st, 7:41am
U.S. government debt prices were higher on Friday, as investors continued to digest decisions and comments made by the European Central Bank (ECB)...
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MBS RECAP: Markets Had ECB Almost Perfectly Pegged
Jul 20th, 6:06pm
Posted To: MBS CommentaryTalk about your anticlimactic conclusions! It's not that the European Central Bank (ECB) was likely to make any...
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Mortgage Rates Retreat, VA Rates Lowest
Jul 20th, 5:50pm
An impressive improvement was reported for weekly mortgage rates. On a monthly basis, rates on residential loans for U.S. veterans were the...
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Mortgage Rates Hold 3-Week Lows After Central Bank Announcements
Jul 20th, 4:59pm
Posted To: Mortgage Rate WatchMortgage rates held relatively steady today, keeping them in line with the lowest levels in more than 3 weeks. There...
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Realtors®, House Financial Services Committee Reach Agreement to Move Key Flood Insurance Le
Jul 20th, 4:17pm
WASHINGTON (July 20, 2017) – The National Association of Realtors® today said that significant improvements to the “21...
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Home Depot's biggest stock price plunge in 17 years shaves $7.5 billion off market cap
Jul 20th, 4:17pm
Shares of Home Depot Inc. suffered their biggest price plunge in nearly 17 years, shaving off about $7.5 billion in market capitalization, amid...
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Bottom falling out of US dollar: Drops to near 2-year low vs the euro, 2017 loss now 10%
Jul 20th, 4:16pm
Perceived hawkish comments from ECB's Draghi and political turmoil at home is hitting the US dollar....Read More
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NMHC: Apartment Market Tightness Index remained negative in July Survey
Jul 20th, 3:03pm
From the National Multifamily Housing Council (NMHC): Apartment Markets Decline Slightly in the July NMHC Quarterly Survey All four indexes of the...
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We've made a mess of the mortgage market: BB&T CEO
Jul 20th, 2:49pm
BB&T Chairman & CEO Kelly King discusses...
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Single Security Praised by Urban Institute
Jul 20th, 2:39pm
The single agency security toward which the GSEs, Fannie Mae and Freddie Mac and their regulator, the Federal Housing Finance Agency (FHFA), have...
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New Business Surges at MGIC, Defaults Sink
Jul 20th, 2:11pm
As quarterly earnings increased at MGIC Investment Corp., new business improved and the share of insured loans that were past due turned...
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10 States Facing the Most Foreclosures Right Now
Jul 20th, 1:51pm
June foreclosure activity has dropped to its lowest level since November 2015. Here are the 10 states with the highest foreclosure rates as of...
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Freddie Mac Prices Second Whole Loan Securities Deal of 2017
Jul 20th, 1:01pm
Freddie Mac Prices Second Whole Loan Securities Deal of 2017...Read More
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Republican lawmakers move forward on CRA resolutions to override CFPB arbitration rule
Jul 20th, 1:01pm
House and Senate Republicans announced today that they are sponsoring Congressional Review Act resolutions to override the CFPB’s final...
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What Will Slake the Market's Thirst for High-Grade US Bonds?
Jul 20th, 1:00pm
What Will Slake the Market's Thirst for High-Grade US Bonds? Bloomberg The demand for U.S. investment-grade bonds shows little sign of...
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Why one trader's buying bonds after the ECB meeting
Jul 20th, 12:55pm
Trading Treasuries now. Is it time to buy bonds?...
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Are investors losing their faith in the central banks?
Jul 20th, 11:43am
Investors appear to be growing concerned that global central banks' monetary policy has proven too stimulative....Read More
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There are more renters than any time since 1965
Jul 20th, 10:09am
More Americans are renters now than at any time in the past 50 years....Read More
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Foreclosure Decline Offsets Rise in Mortgage Lates
Jul 20th, 10:09am
A slight drop in the foreclosure rate was more than enough to offset a modest bump in mortgage delinquency. Serious delinquency has improved for...
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BBT Mortgage Earnings, Lending & Servicing Drop
Jul 20th, 10:09am
Both on a quarter-over-quarter and year-over-year basis, a decline was recorded in mortgage earnings, originations and servicing at Branch Banking...
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Earlier: Philly Fed Manufacturing Survey "Region continues to grow but at a slower pace" i
Jul 20th, 10:04am
Earlier from the Philly Fed: July 2017 Manufacturing Business Outlook Survey Manufacturing activity in the region continues to grow but at a...
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Remodeling Market Indicator Remains in Positive Territory
Jul 20th, 9:12am
The Remodeling Market Index (RMI) dropped 3 points to 55 in the second quarter of 2017, according to the National Association of Home Builders...
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Fannie-Freddie Reform Might Hinge on Keeping Small Lenders Happy
Jul 20th, 8:38am
Bloomberg Fannie-Freddie Reform Might Hinge on Keeping Small Lenders Happy Bloomberg A decade ago, Brian Koss was a senior vice president at...
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Vendor and Lender News/Updates; Academy Buys First Mortgage and Cunningham
Jul 20th, 8:34am
This morning we’ve had the usual Thursday initial jobless claims economic release. At the other end of the teeter totter, here’s an...
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BlackRock bond guru sees low rates for longer no matter who becomes the next Fed chair
Jul 20th, 8:29am
BlackRock's Rick Rieder says the new Fed chair's transition will be normal....Read More
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Ellie Mae Reports Few Changes in Loan Characteristics
Jul 20th, 8:28am
Refinancing held its ground in June, with that share of the mortgage market remaining at 32 percent. While that is a significant decline from the...
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Jobless claims down 15K to 233,000, Philly Fed at 19.5 in July
Jul 20th, 8:24am
CNBC's Rick Santelli breaks down the latest...
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Low Rates Stoke Second Month of Prepayment Gains
Jul 20th, 8:15am
Black Knight Financial Services said on Thursday that continued low interest rates fostered another increase in prepayments. The national...
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Mario Draghi, Vítor Constâncio: Introductory statement to the press conference
Jul 20th, 7:57am
Mario Draghi, Vítor Constâncio: Introductory statement to the press...
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U.S. jobless claims fall to near five-month low
Jul 20th, 7:57am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, touching its lowest level in...
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MBS Day Ahead: Bonds Hoping Draghi Keeps Things Green
Jul 20th, 7:33am
Mario Draghi is the President of the European Central Bank (ECB).  That's the EU's version of the Fed.  Like the Fed in the past,...
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US homes are now more valuable than ever
Jul 20th, 7:09am
The median home value in June surpassed $200,000, up 7 percent from a year ago, according to Zillow....Read More
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Bill Gross warns of recession risk if highly levered economies hike rates
Jul 20th, 7:09am
NEW YORK (Reuters) - Highly levered domestic and global economies including the United States, which have "feasted" on easy monetary policies in...
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ECB holds interest rates steady as traders eye Draghi comments on QE 'tapering'
Jul 20th, 7:09am
The European Central Bank (ECB) held interest rates steady Thursday, amid speculation that the bank will start to scale back its ultra-loose...
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Union Bank Tries To Assist Qualified First-Time Homebuyers
Jul 19th, 6:34pm
Union Bank has received $1.1 million in program funds from The Federal Home Loan Bank (FHLB) of San Francisco to provide matching grants to...
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Loan Vision Partners With National Lender, US Mortgage Corp.
Jul 19th, 6:24pm
Loan Vision, a mortgage accounting and financial management solution, announced that Melville, New York-based US Mortgage Corporation, a national...
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RMBS Investors Face New Risk From Clean-Up Calls
Jul 19th, 5:28pm
An unexpected move last month by a residential mortgage-backed securities trustee has created new risk for investors in non-agency deals issued...
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MBS RECAP: Eerily Quiet Ahead of Central Bank Announcements
Jul 19th, 4:56pm
Much has been made of tomorrow's European Central Bank (ECB) Announcement, mainly because of its proximity to ECB President Draghi's comments...
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Mortgage Rates at 3-Week Lows
Jul 19th, 3:56pm
Mortgage rates moved lower today, despite slightly weaker underlying bond markets.  This has been an ongoing phenomenon in recent...
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Budget battle rages on the Hill
Jul 19th, 3:43pm
CNBC's Ylan Mui reports the situation on...
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U.S. judge allows VW bondholder suit to continue
Jul 19th, 3:36pm
WASHINGTON (Reuters) - A federal judge in California on Wednesday allowed some claims to proceed by bondholders who sued Volkswagen AG over its...
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Corporate Bond Traders Play Chicken
Jul 19th, 3:36pm
Bloomberg Corporate Bond Traders Play Chicken Bloomberg Investors think their peers will keep buying the expensive debt because there are few...
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More Americans are renters now than at any time in the last 50 years
Jul 19th, 3:36pm
There haven't been this many households renting since 1965....Read More
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Suburban Poverty Is Growing—and It's Affecting Housing Markets
Jul 19th, 3:36pm
Poverty is still concentrated in the nation's cities and rural areas, but it is spreading rapidly to the suburbs and exurbs. The post Suburban...
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Completed New Construction Highest Since 2007
Jul 19th, 3:29pm
The volume of building permits was the highest it's been in two years. Even more impressive was completed construction, which soared to the...
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Ginnie MBS Issuance Up Despite Multifamily Slump
Jul 19th, 2:12pm
Even though apartment loan securitizations slipped last month at the Government National Mortgage Association, overall issuance moved higher.There...
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CFPB provides additional HMDA reporting guidance
Jul 19th, 2:02pm
The CFPB issued HMDA Loan Scenarios on July 19, 2017 to provide additional guidance to the industry on reporting transactions under the revised...
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Debt Ceiling Concerns Start to Surface in Treasury Bills
Jul 19th, 2:01pm
Bloomberg Debt Ceiling Concerns Start to Surface in Treasury Bills Bloomberg When it comes to the debt ceiling, short-term investors...
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Mortgage Credit Tightens, FHA Loses Share to VA
Jul 19th, 1:29pm
Over the past year, there has been a shift in mortgage market share among government programs. Meanwhile, credit conditions contracted from the...
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Mortgage applications jump 6.3% as borrowers rush to refinance
Jul 19th, 12:01pm
Volume for mortgage applications rose 6.3 percent...
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Mortgage Earnings, Originations Up at U.S. Bank
Jul 19th, 11:49am
A quarter-over-quarter improvement was reported by U.S. Bancorp for its residential loan originations and its mortgage revenues.During the three...
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New Home Construction Is Finally Rising—What That Means for Buyers
Jul 19th, 10:57am
Homebuilders have been busy bees this summer, and it looks like more new home construction is on the way. Should buyers close now or wait? The...
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Santelli Exchange: James Grant on central banks' candor
Jul 19th, 10:36am
Grant's Interest Rate Observer's James...
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AIA: Architecture Billings Index positive in June
Jul 19th, 9:11am
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture firms end second...
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Housing starts beat Street expectations, up 8.3% in June
Jul 19th, 8:53am
CNBC's Rick Santelli breaks down the latest...
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Upcoming Events; Disaster Updates; Yield Curve Flattening
Jul 19th, 8:50am
Posted To: Pipeline PressIn a broad generalization, when people have money to invest they usually think about stocks, bonds, or real estate. (Yes,...
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Housing Starts/Permits Convincingly End Recent Slump
Jul 19th, 8:48am
Housing permits and starts both reversed their respective two-month slides in June, and both did so convincingly, far outpacing analysts'...
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MBS Day Ahead: Trust The Technicals?
Jul 19th, 8:41am
This commentary will begin it's life as the "day ahead" entry for July 19th, 2017, but it may as well be a "knowledge base" entry for the...
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Crash in bond markets, Fed mistake are investors' biggest fears right now, survey finds
Jul 19th, 7:27am
A crash in global bond markets and a policy mistake by central banks could be the biggest tail risks to the market, according to a survey....Read More
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ECB to hold steady this week as traders eye a September ‘taper' of its bond-buying pro
Jul 19th, 7:27am
The European Central Bank is widely expected to hold interest rates steady on Thursday with many market watchers expecting the bank to announce in...
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That 30-year mortgage might not be your best option
Jul 19th, 7:25am
The 30-year fixed-rate mortgage is the most common way Americans attain homeownership. But don't assume it's your best bet....Read More
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Mortgage Apps Bounce Back After Holiday Losses
Jul 19th, 7:24am
Mortgage application volume bounced back during the week ended July 14, following a sharp downturn a week earlier. That week had been shortened by...
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Updated Platform Now Alerts Lenders To Loan Defects
Jul 18th, 6:22pm
LoanLogics has enhanced its LoanHD Loan Quality Management platform with an Audit Response Center (ARC). The new ARC enables mortgage lenders to...
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Lender Uses Technology To Manage How Its Brokers Order Appraisals
Jul 18th, 5:00pm
JMAC Lending has implemented the Mercury Network platform to manage all appraisal orders placed by their brokers; routing the orders intelligently...
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Ginnie MSRs For Sale on Over $600 Mil in Loans
Jul 18th, 4:54pm
More than $600 million in loans are behind an offering of Ginnie Mae mortgage servicing rights. Nearly half of the loans are secured by properties...
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Fannie, Freddie Refis Diminish 6 Consecutive Months
Jul 18th, 3:51pm
The Federal Home Loan Mortgage Corp. was responsible for a drop in monthly refinances of government-sponsored enterprise residential loans. It was...
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MBS RECAP: Best Day For Bonds Since Late June
Jul 18th, 3:45pm
Posted To: MBS CommentaryIf there is one thematic event at the heart of the past 4 weeks, it was a series of comments from European Central Bank...
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Mortgage Rates Moderately Lower
Jul 18th, 2:45pm
Posted To: Mortgage Rate WatchMortgage rates fell today, but continue to lagging behind the movements seen in underlying bond markets. Part of...
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Luxury home sales jump in New York's Hamptons
Jul 18th, 2:38pm
Luxury property sales in the Hamptons are on the upswing thanks to a buoyant stock market, real estate data show....Read More
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CMBS Lates Soar, Further Deterioration Likely
Jul 18th, 1:45pm
Delinquency on securitized commercial real estate loans soared more than 20 basis points last month and is expected jump at least 50 BPS more by...
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Foreigners snap up record number of US homes
Jul 18th, 12:58pm
Foreign buyers closed on $153 billion worth of U.S....
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Wealthy Investors Are Leaving Hedge Funds for Real Estate
Jul 18th, 12:58pm
Wealthy Investors Are Leaving Hedge Funds for Real Estate Bloomberg Wealthy investors boosted bets on real estate and left hedge funds and...
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Housing and Policy
Jul 18th, 12:57pm
The NAHB Builder confidence survey declined this morning (although still solid), and the NAHB blamed the rising prices, especially for lumber. As...
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Builder Confidence Deteriorates Again, South Most
Jul 18th, 12:35pm
For the second month in a row, confidence among the country's home builders weakened. Leading the latest decline were builders in the South.A...
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Financial markets are starting to rethink the 'Trump Trade' after health bill failure
Jul 18th, 11:30am
The Senate's failure to replace Obamacare raises new worries for markets that the Trump administration will not be able to push through other...
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Foreign Homebuyers Surge into U.S. Market
Jul 18th, 10:43am
Posted To: MND NewsWireOur neighbors to the north seem to think the grass is pretty green on this side of the fence. The National Association of...
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Foreign U.S. Home Sales Dollar Volume Surges 49 Percent to Record $153 Billion
Jul 18th, 9:41am
WASHINGTON (July 18, 2017) – Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S....
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Home builder sentiment at eight-month low
Jul 18th, 9:38am
CNBC's Diana Olick reports the latest read on...
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June import and export prices down 0.2%
Jul 18th, 9:38am
CNBC's Rick Santelli breaks down the latest...
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Price Concerns Constrain Builder Confidence
Jul 18th, 9:38am
Home builder confidence continues backing down from its post-crisis peak earlier this year, although the National Association of Realtors (NAHB)...
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Current Lending Environment; FHA, VA News; HELOC Resets Doing Well
Jul 18th, 9:28am
How much would you pay to keep your job, or find a new one? Political analysts forecast that two wealthy contenders for the 2018 Illinois governor...
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MBS Day Ahead: Bonds Thinking About a "Lead-Off" Ahead of Thursday
Jul 18th, 8:12am
Posted To: MBS CommentaryIt remains the case that Thursday is the focal point of the week, with European Central Bank (ECB) President Mario Draghi...
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US import prices post second monthly drop
Jul 18th, 7:53am
U.S. import prices fell for a second straight month in June amid further declines in the cost of petroleum products, suggesting inflation...
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Bank of America's quarterly profit rises 11 percent
Jul 18th, 7:53am
(Reuters) - Bank of America Corp, the second-largest U.S. lender by assets, reported an 11 percent rise in quarterly profit on Tuesday as net...
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New life in U.S. housing market not evident in big bank results
Jul 18th, 7:39am
(Reuters) - The U.S. housing sector has seen prices, sales and financing applications soar lately as more buyers entered the market for the first...
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Mortgage Assets, Earnings, Originations Up at BofA
Jul 18th, 6:15am
Quarterly growth was recorded for mortgage assets, earnings and originations at Bank of America Corp. Contraction continued, however, in the...
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Home Purchase Finance Outlook Improves
Jul 17th, 5:55pm
The forecast has improved for the production of residential loans used by U.S. homebuyers to finance home purchases.From mid-2016 through Sept....
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Proposal Eases HELOC HMDA Threshold
Jul 17th, 5:46pm
Fewer home-equity line of credit lenders will be subject to Home Mortgage Disclosure Act requirements under a proposed change.HMDA was updated by...
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Mortgage Rates Higher Despite Friendly Market Movement
Jul 17th, 3:59pm
Mortgage rates are largely dictated by movements in bond markets--specifically mortgage-backed securities (MBS).  When bonds improve,...
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MBS RECAP: Super Calm Summertime Monday
Jul 17th, 3:57pm
Posted To: MBS CommentaryToday was an exceptionally light day in terms of news, volume, participation, and everything else we normally care about...
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Ditech Cutting Hundreds of Texas Jobs
Jul 17th, 3:32pm
The mortgage operating unit of Walter Investment Management Corp. is closing an office in Texas. Hundreds of employees are impacted.Ditech...
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PNC Successfully Shifts to Home Purchase Financing
Jul 17th, 3:20pm
A reduction in mortgage refinance production at The PNC Financial Services Group Inc. was easily offset with a sharp increase in the origination...
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House Appropriations Committee approves bill making CFPB reforms
Jul 17th, 2:43pm
This past Thursday, by a  vote of 31-21, the House Appropriations Committee approved the fiscal year 2018 Financial Services and General...
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New rental index assesses risk down to neighborhood
Jul 17th, 2:43pm
CNBC's Diana Olick reports on tools to help...
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Residential Construction Loan Growth at Smaller Banks Has Slowed
Jul 17th, 2:43pm
Residential construction loans held by banks have grown over the past 4 years. However, in recent quarters, growth in the stock of residential...
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Yellen will raise as much as she can without affecting economy: WFC's Manley
Jul 17th, 2:43pm
David Nelson, chief strategist at Belpointe Asset...
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Monday's trading action in a word? 'Dull': UBS' Art Cashin
Jul 17th, 12:18pm
This is summer Monday incarnate, says Art Cashin of...
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Former Fed President Fisher notes that the Fed expects a fall in equity prices
Jul 17th, 12:06pm
The full interview with Richard Fisher....Read More
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June Pull-back of New Home Mortgages Apps Called Seasonal
Jul 17th, 12:02pm
Posted To: MND NewsWireApplications for mortgages to purchase newly constructed homes posted what was termed a seasonal decline in June. The...
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Fannie Mae Sees Growth Slowing, Housing Restrained by Inventories
Jul 17th, 12:01pm
Posted To: MND NewsWireFannie Mae said it is sticking with its forecast for 2.0 percent economic growth in 2017, a projection it first made in...
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Strong Mortgage Originations at First Republic
Jul 17th, 11:56am
A nice quarter-over-quarter and year-over-year gain was made in home-lending activity at First Republic Bank. The servicing portfolio was...
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U.S. Heavy Truck Sales increased following Oil Price Related Slump
Jul 17th, 9:51am
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the June 2017 seasonally adjusted annual sales...
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Richard Fisher: Gary Cohn would do what's best for the country if Fed chair
Jul 17th, 9:51am
Former Dallas Federal Reserve President Richard...
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Glenn Hubbard: Productivity key to economic growth
Jul 17th, 9:44am
Glenn Hubbard, Columbia Business School, provides...
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Expansion Expected to Decelerate in Second Half | Fannie ...
Jul 17th, 8:24am
News Release. Share This: July 17, 2017. Expansion Expected to Decelerate in Second Half. Matthew Classick. 202-752-3662. ......Read More
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New York manufacturing activity slows sharply in July
Jul 17th, 8:24am
Manufacturing in New York state grew for a second month in July but at a much slower pace, as new orders and shipments both slipped....Read More
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Investor Updates/News; OCC's Risk List; Training and Events
Jul 17th, 8:22am
Posted To: Pipeline PressThere’s plenty of talk about real estate agents, appraisers, and loan officers being replaced by artificial...
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MBS Day Ahead: Slow Week Leaves Focus on Central Banks
Jul 17th, 8:18am
Posted To: MBS CommentaryIt's the middle of summertime, the middle of a month, and there's a light economic and event calendar in the US....
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Here's how much you need to make to afford rent in 11 of the largest U.S. cities
Jul 17th, 7:44am
You need a $179,529 salary to afford a two-bedroom apartment in San Francisco....Read More
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Almost Half of Americans Have Buyer's Remorse About Their House
Jul 17th, 7:42am
Posted To: MND NewsWireThe excitement of buying a new home has worn off fast for almost half of Americans. Forty-four percent of homeowners have...
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US Treasurys eke out gains as bond investors look to data, auctions
Jul 17th, 7:37am
U.S. government debt prices were slightly higher on Monday, as investors turned their attention to upcoming data releases and auctions....Read More
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Weekly Mortgage Market Index Sinks from Year Earlier
Jul 16th, 6:13pm
During the week that included Independence Day, new mortgage activity significantly declined. A substantial drop from a year earlier was also...
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Mortgage Originations Down at Citi and Headed Lower
Jul 14th, 4:17pm
Residential loan production fell on a quarter-over-quarter basis and sank on a year-over-year basis at Citigroup Inc.The firm continued to cut its...
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MBS RECAP: Post-Rally Correction Rains on Bond Market Parade
Jul 14th, 3:58pm
Today was bittersweet for bond markets, with strong gains in the morning, and an almost complete reversal by the end of the day.  As...
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Trader: Economy doesn't warrant another rate hike this September
Jul 14th, 3:30pm
Joe Duran, CEO & Founding Partner, United...
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Mortgage Rates End Week at Best Levels
Jul 14th, 3:03pm
Posted To: Mortgage Rate WatchMortgage rates are experiencing increased volatility at the end of this week, which was to-be-expected given the...
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CFPB Proposes Raising HELOC Reporting Threshold.
Jul 14th, 2:47pm
Community banks and credit unions may soon be subject to new guidelines that will require them to report information on home equity lines of...
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Unchanged CPI Slows Pace to Fed's Inflation Goal - Bloomberg
Jul 14th, 1:56pm
Bloomberg Unchanged CPI Slows Pace to Fed's Inflation Goal Bloomberg Frances Donald, senior economist at Manulife Asset Management,...
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Mark Hulbert: What the flattening yield curve is trying to tell us
Jul 14th, 1:22pm
The spread between short- and long interest rates is an excellent leading indicator, writes Mark Hulbert....Read More
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First Look at 2018 Cost-Of-Living Adjustments and Maximum Contribution Base
Jul 14th, 1:18pm
The BLS reported this morning: The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 1.5 percent over the last 12...
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After lofty views, economists see second quarter growth bumping along at same slow trend
Jul 14th, 12:53pm
Economists in the CNBC/Moody's Analytics rapid update now see second quarter growth tracking at 2.5 percent, in line with the slow pace of the...
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Mortgage Credit Eases
Jul 14th, 12:38pm
A standardized quantitative index that reflects credit conditions in home lending indicates that lenders loosened their purse strings last...
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Will SoFi end up buying fallen/revived lender Sindeo?
Jul 14th, 12:25pm
When I wrote about fallen fintech mortgage lender Sindeo a few weeks ago, it was to share lessons learned about a fellow competitor who was...
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Chase's Mortgage Servicing Down, Assets Up
Jul 14th, 12:20pm
While there was little change in quarterly mortgage originations at JPMorgan Chase & Co., the residential servicing portfolio declined as...
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Q2 GDP Forecasts: Moving on Down
Jul 14th, 10:59am
From the Altanta Fed: GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 2.4...
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Wells Fargo's Home Lending Jumps, Headed Higher
Jul 14th, 10:47am
Quarterly residential loan originations accelerated at Wells Fargo & Co. and are likely headed even higher despite industry forecasts to the...
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Key Measures Show Inflation mostly below 2% in June
Jul 14th, 10:16am
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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Jamie Dimon blows up at DC's dysfunction
Jul 14th, 10:03am
JPMorgan Chase reported quarterly earnings Friday. On the bank's earnings call, CEO Jamie Dimon answered a question about his view on Washington's...
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Landlord alert: New index aims to take the risk out of rental investing
Jul 14th, 10:00am
Roofstock claims it can gauge the risk of becoming a landlord right down to the neighborhood level....Read More
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Lack of inflation raises new doubts about Fed ability to hike interest rates this year
Jul 14th, 9:48am
Flat consumer inflation and weak June retail sales triggered new doubts that the Federal Reserve will be able to raise interest rates again this...
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Americans are cutting back on spending
Jul 14th, 9:26am
American consumers account for the majority of economic growth. And they're cutting back on their spending....Read More
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June industrial production up 0.4%
Jul 14th, 9:13am
CNBC's Rick Santelli breaks down the data on...
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Mortgage Standards Ease Slightly in June
Jul 14th, 9:12am
Credit availability appeared to have improved slightly in June as three of the four components in the Mortgage Bankers Association's (MBA's)...
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Consumer sentiment hits 93.1 in July vs. 95 estimate
Jul 14th, 9:11am
Economists expected consumer sentiment to reach 95 in July, according to a survey from Thomson Reuters....Read More
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Mortgage lending takes a bite out of bank earnings despite brisk spring buying season
Jul 14th, 8:57am
The big banks are feeling the sting of lower refinancing activity and the loss of servicing rights....Read More
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Automated Underwriting Of Portfolio Products Allows Lender To Expand
Jul 14th, 8:54am
Cascade Financial Services (Cascade) has implemented LoanScorecard’s Portfolio Underwriter as its automated underwriting system (AUS). Cascade...
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Industrial Production Increased 0.4% in June
Jul 14th, 8:35am
From the Fed: Industrial production and Capacity Utilization Industrial production rose 0.4 percent in June for its fifth consecutive...
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June retail sales down 0.2%, CPI remains unchanged
Jul 14th, 8:34am
CNBC's Rick Santelli breaks down the latest...
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US retail sales fall for the second straight month
Jul 14th, 8:34am
U.S. retail sales unexpectedly fell in June for a second straight month, which could temper expectations of strong acceleration in economic growth...
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Improving Home Valuation Quality Reviews
Jul 14th, 8:33am
Mortgage Solutions, part of Computershare Loan Services, will be the sole provider of valuation reviews for Ventana Home Mortgage, the residential...
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Automating Home Valuation Quality Reviews
Jul 14th, 8:33am
Mortgage Solutions, part of Computershare Loan Services, will be the sole provider of valuation reviews for Ventana Home Mortgage, the residential...
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Skimpy Listings Juicing Prices but Plaguing Sales -Redfin
Jul 14th, 8:33am
Posted To: MND NewsWireRedfin, the Seattle-based real estate company, says that the drought in listings that has affected the inventory of homes...
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Compliance, Encompass, Credit Changes in the Primary and Secondary Markets
Jul 14th, 8:16am
Today are Q2 earnings numbers from JP Morgan, Citigroup, Wells Fargo and PNC – a look at the mortgage numbers in Monday’s commentary....
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US consumer prices were unexpectedly unchanged in June
Jul 14th, 8:02am
The U.S. Consumer Price Index was forecast to rise 0.2 percent in June, after edging up 0.1 percent a month earlier....Read More
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MBS Day Ahead: Bonds Trying to Break Resistance With Help From Data
Jul 14th, 7:59am
Today begins with weaker economic data helping bonds move into stronger territory.  Investors had been eagerly awaiting the Retail Sales...
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JPMorgan reports 13 percent rise in quarterly profit
Jul 14th, 7:23am
(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a 13.4 percent increase in quarterly profit on Friday as gains...
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Exclusive: ECB wary of putting end-date on quantitative easing - sources
Jul 14th, 7:23am
FRANKFURT (Reuters) - The European Central Bank is keen to keep its asset purchases open-ended rather than setting a potentially distant date on...
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Citigroup tops profit and revenue estimates
Jul 14th, 7:22am
Citigroup Inc. said Friday it had net income of $3.9 billion, or $1.28 a share, in the second quarter, down from $4.0 billion, or $1.24 a share,...
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Wells Fargo beats on earnings but falls short on revenue; shares fall
Jul 14th, 7:22am
Wells Fargo was expected to show earnings of $1.01 share on revenue of $22.466 billion, according to analysts surveyed by Thomson Reuters....Read More
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Bank Mortgage Delinquency Down, Foreclosures Up
Jul 13th, 6:26pm
The performance of residential loans that are serviced by the nation's financial institutions improved on a quarter-over-quarter basis. But the...
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Higher Mortgage Rates Likely to Hold
Jul 13th, 5:55pm
An increase in fixed rates on residential loans this past week is likely to be followed by little movement in mortgage rates over the upcoming...
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MBS RECAP: Central Banks Push Back on Recent Rally
Jul 13th, 5:17pm
Posted To: MBS CommentaryTake market analysis with a grain of salt today. To a much greater extent than yesterday, market-watchers would have to...
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Mortgage Rates Give Back Some of Yesterday's Gains
Jul 13th, 5:16pm
Mortgage rates had their first great day in several weeks yesterday, but ended up giving back some of those gains today. Bond markets that...
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Mortgage Rates Give Back Some of Yesterday's Gains
Jul 13th, 4:45pm
Mortgage rates had their first great day in several weeks yesterday, but ended up giving back some of those gains today.  Bond markets...
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Revised health care bill still faces resistance from senators
Jul 13th, 3:27pm
CNBC's Kayla Tausche reports on the next steps...
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Yellen says Fed will mind the yield curve as it reduces bond holdings
Jul 13th, 3:26pm
Federal Reserve Chairwoman Janet Yellen said the central bank would consider the yield curve as it slowly reduces its $4.5 trillion balance...
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GOP releases revised health-care bill in Senate, includes 'skimpy plans;' tough road remai
Jul 13th, 1:10pm
Republican leaders face opposition within their own...
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Why one trader is buying bonds after Yellen's speech
Jul 13th, 1:10pm
Trading Treasuries now. Is a big bond rally ahead?...
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Yellen on Trump's 3% Growth Goal: 'I'd Love to See It'
Jul 13th, 1:10pm
Bloomberg Yellen on Trump's 3% Growth Goal: 'I'd Love to See It' Bloomberg Federal Reserve Chair Janet Yellen said...
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OCC Reports Improved Mortgage Performance in First Quarter of 2017
Jul 13th, 1:09pm
Performance of first-lien mortgages improved during the first quarter of 2017 compared with a year earlier, according to the Office of the...
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Draghi to Attend Fed's Jackson Hole Before Key ECB Decision
Jul 13th, 1:09pm
Draghi to Attend Fed's Jackson Hole Before Key ECB Decision Bloomberg Mario Draghi will attend this year's U.S. Federal Reserve...
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Home Lending, Servicing Rises at Lake Mich CU
Jul 13th, 12:25pm
A healthy increase in mortgage originations was reported by Lake Michigan Credit Union. Also expanding was the organization's servicing...
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HELOC Sale Done
Jul 13th, 11:46am
The sale of a portfolio of home-equity lines of credit that are both performing and non-performing has been successfully executed.A large bank has...
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What Homeowners Are Buying In Addition To The Home
Jul 13th, 11:39am
Posted To: MND NewsWireUnlike many other countries, American has a consumer driven economy. The National Association of Home Builders (NAHB), in a...
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Cashin: Yellen implying Fed won't hike rates and taper at the same time
Jul 13th, 11:35am
CNBC's Bob Pisani and Art Cashin, of UBS,...
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HUD Releases Positive Revisions to FMR and SAFMR Standards
Jul 13th, 11:32am
Fair Market Rents (FMRs) are set annually by the U.S. Department of Housing and Urban Development (HUD) and vary based on a number of factors such...
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Apartment Industry Makes Its Case to Senate Finance
Jul 13th, 11:32am
NMHC/NAA again took the opportunity to inform the Senate Finance Committee of the multifamily industry's tax reform priorities. In mid-July, the...
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A decade after Great Recession, 1 in 3 Americans still haven't recovered
Jul 13th, 11:31am
It's nearly a decade since the Great Recession, yet its effects linger for many. How to get past that....Read More
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Yellen: Global economy not mainly responsible for low inflation readings
Jul 13th, 10:39am
In her testimony to the Senate Banking Committee,...
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Yellen: Balance sheet unwinding should not disrupt financial markets
Jul 13th, 10:38am
In her testimony to the Senate Banking Committee,...
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Leading Index for Commercial Real Estate Increases in June
Jul 13th, 10:38am
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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Here's how many Americans can't afford housing
Jul 13th, 10:35am
An alarming number of U.S. residents struggle to buy or rent....Read More
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Home Prices and Buyer Competition Hit New Highs in June as Inventory Drought Dragged into 21st Conse
Jul 13th, 10:35am
The median home sale price increased 7.3 percent from a year ago to $298,000 in June. This is the highest national median sale price recorded...
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Mortgage Rates Jump Again
Jul 13th, 10:34am
Mortgage Rates Jump Again...Read More
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Fed is prepared to act against Wells Fargo if warranted, Yellen says
Jul 13th, 10:34am
Yellen would not comment specifically on what actions the Fed will take, but she also was critical of the bank's actions....Read More
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Yellen backtracks: 'We can never be confident there won't be another financial crisis'
Jul 13th, 10:34am
The central bank leader said regulations have made another crisis less likely and the financial system has enough capital on hand to withstand a...
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Lawsuit News; Appraisal Trends and Compensation; Builder's VR App For Showings
Jul 13th, 8:27am
As Abraham Lincoln said, “Don’t believe everything you read on the internet.” But I turned to the internet to find out how many...
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We think Fed hikes in December and twice next year: Deutsche's David Bianco
Jul 13th, 8:01am
David Bianco, Deutsche Asset Management, and Lou...
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US producer prices unexpectedly rise on services
Jul 13th, 7:57am
U.S. producer prices unexpectedly rose in June as sustained increases in the cost of services offset declining energy prices, suggesting a recent...
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MBS Day Ahead: Familiar Floor Reemerges Ahead of Tomorrow's CPI Data
Jul 13th, 7:56am
Posted To: MBS CommentaryFor the entire first quarter of 2017, bonds held inside a range from roughly 2.30 to 2.60 in terms of 10yr yields. This...
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What Do Home Buyers Buy after Moving
Jul 13th, 7:55am
In a prior recent post we discussed NAHB research showing how during the first year after closing on a home sale, home buyers tend to spend...
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US jobless claims drop for first time in a month
Jul 13th, 7:55am
The number of Americans filing for benefits fell for the first time in a month, the latest indication of labor market strength that is sustaining...
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Castle & Cooke Mortgage Expands Into Mississippi
Jul 13th, 7:30am
Castle & Cooke Mortgage, LLC, an independent mortgage lender with locations across the U.S., has expanded into Mississippi with the opening...
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The Summer's Hottest Housing Markets Are . . .
Jul 13th, 7:30am
Ten-X, an online real estate marketplace, released its Top Single-Family Housing Markets Report for Summer 2017, which ranks the nation’s 50...
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Did Yellen testimony signal end point for rate hike cycle near?
Jul 13th, 7:29am
CNBC's Steve Liesman, provides a recap of Fed...
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MBS RECAP: Bonds Build Case for Support After Yellen
Jul 12th, 4:20pm
"Support" and "resistance" are two terms often thrown around in market analysis.  They loosely refer to ceilings and floors respectively...
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FHA Endorsements Drop, Headed Lower
Jul 12th, 4:19pm
Monthly business turned lower at the Federal Housing Administration, and a further decline is likely. Meanwhile, delinquency...
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Mortgage Rates at 2-Week Lows After Yellen
Jul 12th, 3:26pm
Posted To: Mortgage Rate WatchMortgage rates had been holding in a narrow range near their highest levels in roughly 3 months over the past few...
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Yellen testimony: Politics should be kept out of Fed decisions
Jul 12th, 3:01pm
CNBC's Ylan Mui reports on Federal Reserve...
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Housing Market Labor Shortage Eases
Jul 12th, 2:51pm
A labor shortage that has hampered the construction industry for most of the housing market's five-year recovery is showing signs of easing. The...
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Fed president wants to start shrinking the balance sheet 'in the near future'
Jul 12th, 1:47pm
Fed President Esther George wants to trim the Fed's balance sheet "in the near future."...Read More
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A big deal in nonprime mortgages proves leery investors are finally hungry again
Jul 12th, 1:31pm
The appetite for riskier mortgages is rising, and a small cadre of investment firms is ready to feed it....Read More
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Fed's Beige Book: Labor markets tighten for low and high skilled workers
Jul 12th, 1:22pm
CNBC's Ylan Mui reports on the Federal...
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The Fed could deliver some much-needed relief for the greenback
Jul 12th, 12:22pm
Some strategists say the currency could rise as the Federal Reserve signals further interest rate hikes....Read More
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Fed chief Yellen: Technology and globalization are eliminating the middle class
Jul 12th, 12:19pm
Advancements in tech and companies offshoring jobs is an important piece of the puzzle, Janet Yellen says....Read More
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Yellen's Take on Inflation Shifts Subtly in Remarks to Congress
Jul 12th, 12:18pm
Bloomberg Yellen's Take on Inflation Shifts Subtly in Remarks to Congress Bloomberg Federal Reserve Chair Janet Yellen on Wednesday...
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Yellen: We were concerned about underwriting practices for loans
Jul 12th, 12:16pm
In her testimony to the House Financial Services...
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Yellen: Very concerned about inequality in income and wealth
Jul 12th, 12:16pm
In her testimony to the House Financial Services...
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Flow GSE Offering for MSRs On at Least $720 Mil
Jul 12th, 12:15pm
A new offering will provide the successful bidder with mortgage-servicing rights on at least $720 million in government-sponsored enterprise loans...
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RBS MBS Settlements Exceed $7 Billion
Jul 12th, 11:40am
A massive settlement reached by the Royal Bank of Scotland Group plc brings to more than $7 billion the amount the bank has paid in actions...
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Yellen: As the economy improves we see it appropriate to remove accommodations
Jul 12th, 11:33am
In her testimony to the House Financial Services...
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Apps for Home Purchase Financing Up From Year Ago
Jul 12th, 11:10am
Despite a week-over-week decline in new applications for mortgages, the volume of people applying for loans to finance a home purchase has...
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Positive Opinion of Housing's Investment Value Highest in Decade
Jul 12th, 11:05am
Time heals all wounds as the old saying goes, and the decade that has passed since the housing crisis seems to have allowed many Americans to...
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FHFA extends comment period for LEP RFI
Jul 12th, 10:44am
The Federal Housing Finance Agency has announced that it has extended until July 31, 2017 the comment period on its Request for Input on improving...
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Yellen's surprise comments influence bond market
Jul 12th, 10:37am
The bond market rally picked up serious steam on a view that the Fed may not be hiking rates all that much....Read More
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Yellen: 'I would be very concerned about subjecting the Fed to appropriations'
Jul 12th, 10:27am
In her testimony to the House Financial Services...
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Fed stands ready to slow down rate hikes if inflation stays low, Yellen tells Congress
Jul 12th, 9:55am
Questions have arisen that the Fed may be hiking at the wrong time as inflation holds around 1.4 percent....Read More
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Bank of Canada Raises Rates
Jul 12th, 9:20am
The Canadian dollar rose against the U.S. dollar on Wednesday, after the Bank of Canada raised interest rates, as had been expected. Against the...
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Watch: Fed Chair Yellen testifies before the House on the state of the economy
Jul 12th, 9:05am
Federal Reserve Chair Janet Yellen testifies before the House on the state of the economy....Read More
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Gary Cohn would be 'fabulous' as Fed chair: Jim Cramer
Jul 12th, 8:56am
The "Squawk on the Street" news team...
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Yellen: Expects balance sheet to shrink this year
Jul 12th, 8:34am
CNBC's Ylan Mui reports on comments made by Fed...
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Even several more Fed rate hikes won't kill the stock market run, strategist Jim Paulsen says
Jul 12th, 8:33am
The Fed is "going to have to tighten for some time before we even notice," Paulsen tells CNBC....Read More
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HUD Suspends Lender; CFPB News; The Importance of Compliance Training
Jul 12th, 8:28am
Millions of parents around the nation will be sending their ex-high school seniors off to college this autumn. And what better thing to teach them...
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Fed's Yellen says economy steady enough for more hikes, bond wind down
Jul 12th, 8:21am
WASHINGTON (Reuters) - The United States is healthy enough to absorb further gradual rate increases and the slow wind down of the massive bond...
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Mortgage Activity Fizzles During Holiday Week
Jul 12th, 8:02am
Posted To: MND NewsWireAmericans were apparently more interested in picnics and fireworks last week than in buying or refinancing their homes and...
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MBS Day Ahead: Bonds Set For First Bounce Attempt Since EU Taper Talk
Jul 12th, 8:01am
Global bond markets have been on the run since June 27th, when Mario Draghi (head of the European Central Bank, or ECB) said deflation was...
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Four Credit Unions Partner With myCUmortgage
Jul 12th, 7:58am
Four credit unions recently partnered with myCUmortgage as they strive to become better mortgage lenders for their members. myCUmortgage is a...
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Pendo Joins Forces With The Mortgage Collaborative To Offer Appraisal Management Services
Jul 12th, 7:54am
Pendo, a nationwide appraisal management company (AMC), announced a strategic partnership with The Mortgage Collaborative’s preferred partner...
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Wells Fargo beats Cincinnati appeal in public nuisance lawsuit
Jul 12th, 7:28am
(Reuters) - A federal appeals court on Tuesday rejected Cincinnati's effort to hold Wells Fargo & Co liable for creating a public nuisance by...
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Big drop in mortgage apps as interest rates rise
Jul 12th, 7:26am
CNBC's Diana Olick, sifts through the numbers...
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No Surprise: Refi Apps Tank as Rates Hit 3-Month Highs
Jul 12th, 6:47am
Posted To: MND NewsWireAmericans were apparently more interested in picnics and fireworks last week than in buying or refinancing their homes. At...
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Mortgage Firms Hire Seasoned Executives
Jul 11th, 5:05pm
Among several recent hires at home-lending organizations are two executives with more than two decades in the mortgage business and two more with...
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Paradatec Achieves Fannie Mae UCD Certification
Jul 11th, 5:03pm
Paradatec, Inc.’s new WriteUCD module was recently certified by Fannie Mae as meeting their requirements for producing valid Uniform Closing...
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Ernst: Historic Number Of County Recorder Fee Changes
Jul 11th, 4:57pm
Ernst, a provider of technology and closing cost data for the real estate and home finance industries for the past 28 years, reported that the...
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MBS RECAP: Volatility in a Micro Range Thanks to Quiet Conditions
Jul 11th, 3:41pm
Posted To: MBS CommentaryQuite simply, markets are waiting for the last 3 days of this week before gleaning any "takeaways" about the...
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Glimmer of Hope in Rate Stability, But It Could Be a Trap
Jul 11th, 2:44pm
Posted To: Mortgage Rate WatchMortgage rates remained in a very narrow range near their highest levels in roughly 3 months today. If you're into...
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Builders Point Out Silver Lining in Fewer Job Openings
Jul 11th, 2:40pm
Posted To: MND NewsWireThe Bureau of Labor Statistics monthly Job Openings and Labor Turnover Survey (JOLTS) for May showed fewer job openings...
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HSBC, UBS settle U.S. rate-rigging litigation; total payout tops $408 million
Jul 11th, 2:04pm
NEW YORK (Reuters) - HSBC Holdings Plc and UBS Group AG have each agreed to pay $14 million to settle private U.S. litigation accusing them of...
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Fed's Kashkari says wages will rise when labor is truly scarce
Jul 11th, 2:04pm
Neel Kashari of the Federal Reserve said he doesn't believe the economy is in danger of overheating....Read More
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Fed Governor Lael Brainard: Not much more to do if neutral rate at zero
Jul 11th, 2:03pm
CNBC's Steve Liesman reports on the Federal...
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Lender Loses FHA Approval Over Bogus Financials
Jul 11th, 1:43pm
A mortgage banker out of Pennsylvania has lost its approval to originate government-insured loans because it submitted false financial...
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Fed's QE Unwind Presents Challenge
Jul 11th, 1:10pm
As the Federal Reserve executes its plan to unwind its massive bond holdings accumulated through quantitative easing, it will be challenged not to...
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Dollar weakens, bonds higher in safety play after Trump Jr. releases emails
Jul 11th, 12:25pm
Emails about a meeting with a Russian lawyer sent investors scrambling for safety....Read More
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Fed's Brainard: Balance sheet runoff 'soon,' but rate hikes in doubt
Jul 11th, 12:25pm
Brainard's comments are particularly relevant because she is considered a close ideological ally of Fed Chair Janet Yellen....Read More
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Early Stage Delinquency Jumps, Foreclosures Down
Jul 11th, 11:26am
Although the volatile early stage mortgage delinquency rate turned sharply higher, other performance metrics were better and are likely to...
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Decline in Delinquencies Expected to Continue
Jul 11th, 10:54am
Posted To: MND NewsWireWhile the overall percentage of non-current mortgage loans declined over the 12 months that ended in April, there was an...
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Wholesale inventories pop for the month of May
Jul 11th, 10:50am
CNBC's Rick Santelli reports that the wholesale...
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Donald Trump Jr. releases email exchange that led to meeting with Russian lawyer
Jul 11th, 10:50am
CNBC's John Harwood reports on the latest...
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FDIC may revive three U.S. bank lawsuits over soured mortgage debt
Jul 11th, 10:49am
NEW YORK (Reuters) - A federal judge granted the FDIC permission to revive lawsuits against Citigroup Inc , Bank of New York Mellon Corp and U.S....
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BLS: Job Openings Decreased in May
Jul 11th, 10:03am
From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 5.7 million on the last business day of May , the...
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US wholesale inventories post largest gain in 5 months
Jul 11th, 10:03am
The Commerce Department said on Tuesday wholesale inventories climbed 0.4 percent....Read More
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Sen. Cotton starts process to reverse CFPB arbitration rule
Jul 11th, 10:03am
Sen. Tom Cotton, a Republican from Arkansas, on Tuesday said he's started the process to rescind the Consumer Financial Protection Bureau's...
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Treasury yields hold their ground as investors await Yellen testimony
Jul 11th, 9:59am
A selloff in Treasurys steady on Tuesday as market participants look ahead to Janet Yellen's testimony in front of Congress Wednesday and Thursday...
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Open Construction Jobs Fall in May
Jul 11th, 9:59am
The count of unfilled jobs in the construction sector declined in May, falling to level below that recorded a year ago. According to the BLS Job...
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Prepayment Rate Held Even as Refi's Declined
Jul 11th, 8:34am
Posted To: MND NewsWireBlack Knight's current Mortgage Monitor notes that refinances are increasingly being driven by a cash-out rather than...
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Dimon Says Unwinding QE May Be More Disruptive Than You Think
Jul 11th, 8:26am
Bloomberg Dimon Says Unwinding QE May Be More Disruptive Than You Think Bloomberg JPMorgan Chase & Co. Chairman Jamie Dimon said the...
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Lawmakers stitch together health care bill behind closed doors
Jul 11th, 8:23am
CNBC's Kayla Tausche reports the Senate is...
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Pres. Trump to nominate Randal Quarles to Fed board
Jul 11th, 8:23am
President Trump is expected to make his first big...
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Upcoming Training and Events; Sindeo Back; Survey Strategy
Jul 11th, 8:21am
Posted To: Pipeline PressBesides 7/11 being “Free Slurpee Day,” we’re in the middle of “home buying season” (if...
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MBS Day Ahead: Still Waiting on Bigger-Ticket Events For Inspiration
Jul 11th, 8:17am
Posted To: MBS CommentaryBond markets (and stocks for that matter) have been stuck in narrow, sideways ranges over the past 4 trading sessions....
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The Fed's Janet Yellen could use some target practice
Jul 11th, 7:30am
Central bank policy makers don't seem to have a strategy for hitting their inflation goal, writes Caroline Baum....Read More
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CoreLogic Reports Mortgage Performance Continues Steady Improvement in April 2017
Jul 11th, 7:29am
Mortgage Delinquencies Continue to Decline Previously Declining Early-Stage Delinquency Transition Rates Are Finally Stabilizing Largest Regional...
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US Treasurys edge lower as bond investors eye data, Fed speeches
Jul 11th, 7:29am
U.S. government debt prices extended losses on Tuesday, as investors geared up for more data releases and awaited speeches from leading Fed...
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MBS RECAP: 3-Day Range Intact Despite Modest Gains
Jul 10th, 4:57pm
Posted To: MBS CommentaryBond markets were exceptionally quiet today. Even though trading levels were technically stronger than Friday, 10yr...
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Several Mortgage Firms Report Strong Production
Jul 10th, 4:52pm
A number of single-family lenders recently reported solid levels of residential loan production -- even record activity. The volume drove growth...
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Mortgage Rates Little-Changed Near Recent Highs
Jul 10th, 4:24pm
Posted To: Mortgage Rate WatchMortgage rates improved somewhat today, on average, but the gains were modest. Some lenders were unchanged from...
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Financial Resources Federal Credit Union Creates A Better Borrower Experience
Jul 10th, 4:15pm
Financial Resources Federal Credit Union (FRFCU) has implemented Roostify’s mortgage technology platform in order to create a better online...
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Pair Assist Mortgage Lenders On Applying For Tax Credits
Jul 10th, 4:08pm
Spiegel Accountancy Corp. has formed a professional alliance with Bedford Cost Segregation to assist its mortgage lending clients in applying...
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Founder of James B. Nutter & Co. Dies
Jul 10th, 3:20pm
The founder and chairman of James B. Nutter & Co., who was a strong supporter of liberal causes and politicians, has died.James B. Nutter...
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CFPB Releases Rule Making It Easier for Customers to Sue Banks
Jul 10th, 3:13pm
Bloomberg CFPB Releases Rule Making It Easier for Customers to Sue Banks Bloomberg The U.S. Consumer Financial Protection Bureau has released...
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Wells Fargo To Pay $142 Million To Customers Hurt By Bogus Accounts
Jul 10th, 2:44pm
The bank could pay customers more if an independent expert overseeing the compensation process deems it necessary....Read More
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CFPB bans mandatory arbitration clauses
Jul 10th, 1:47pm
CNBC's Ylan Mui reports on the Consumer...
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IRLC Valuation Changes Could Have Big Impact
Jul 10th, 1:25pm
Most warehouse lenders think that net worth calculations for mortgage banking firms are incorrect because of the way that locked pipelines are...
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CFPB issues policy guidance and technical corrections for mortgage servicing rule amendments
Jul 10th, 12:43pm
The CFPB recently issued two updates for its Mortgage Servicing Rule amendments to Regulations X and Z.  Issued on August 4, 2016, the Mortgage...
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VA Extends Appraisal Requirements by 2 Years
Jul 10th, 11:28am
Previously issued appraisal requirements for single-family loans that are guaranteed by the Department of Veterans Affairs have been extended by...
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Santelli Exchange: Nat'l Assoc. of Realtors call for mortgage liquidity fund
Jul 10th, 11:26am
Fmr. Treasury General Counsel & American...
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Q2 Review: Ten Economic Questions for 2017
Jul 10th, 11:24am
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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Crisis Flashback: The Big Downgrade That Fueled a Subprime Crash
Jul 10th, 11:24am
Bloomberg Crisis Flashback: The Big Downgrade That Fueled a Subprime Crash Bloomberg "I'd like to know: Why now?" asked Steve Eisman. It...
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U.S households see spending up, job prospects improving: New York Fed survey
Jul 10th, 10:16am
WASHINGTON (Reuters) - Consumers expect to boost spending in the months ahead and voiced confidence they are more likely to find a job and less...
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Average credit scores hit an all-time high
Jul 10th, 9:03am
For the first time, the average national credit score has hit 700....Read More
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Warehouse, Compliance; More Changes for Lenders/Investors
Jul 10th, 8:52am
Posted To: Pipeline PressFannie/Freddie, Both Conforming and Conventional News In Freddie Mac news, "To ensure we continue to provide responsible...
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MBS Week Ahead: Fairly Tame Econ Calendar, Yellen at Congress, and Ongoing EU Concerns
Jul 10th, 8:51am
This week's economic calendar is fairly light, with no top tier reports until Thursday (Producer Prices) and Friday (CPI/Retail Sales)....
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Black Knight Notes Disparity in Negative Equity Rates
Jul 10th, 8:35am
The housing industry has been looking for a slowdown in home price growth for several years, but quite the contrary has occurred.  Black...
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BlackRock's Richard Turnill sees three key themes for the next quarter
Jul 10th, 7:38am
We expect sustained economic expansion, and...
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Builders Starting to Report Shortages of Framing Lumber
Jul 10th, 7:35am
For several years now, the recovery in single-family home building has been hampered by shortages of labor and lots.  Availability of building...
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Yellen and other Fed speakers dominate this summer week on Wall Street
Jul 10th, 7:35am
U.S. stock futures were mixed this morning after a strong Friday rally. Investors looked past nagging concerns about softer wage growth....Read More
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US Treasurys edge higher as bond investors focus on data, auctions
Jul 10th, 7:34am
U.S. government debt prices were higher on Monday morning as investors awaited the release of economic data and eyed auctions....Read More
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Currencies: Dollar hits two-month high against yen as bond-yield gap exploited
Jul 10th, 7:34am
The dollar traded at a two-month high against the yen Monday, helping to lift a broader dollar index, as the gap between U.S. rates and Japanese...
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MBS RECAP: Non-Existent Reaction to NFP Leaves Focus on Europe
Jul 7th, 3:48pm
Posted To: MBS CommentaryNFP Friday is an institution for financial markets and especially the bond market. No other piece of monthly economic...
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Building up confidence in a construction stock
Jul 7th, 3:36pm
Jon Najarian says bullish options activity could...
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Forget conventional thinking: stock moves preclude bond moves, not the other way around
Jul 7th, 3:25pm
The thinking that higher interest rates eventually hurt stocks is common on Wall Street. But in the current environment, it will instead be a...
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CFPB Finalizes TRID Rule Amendments, Punts on Black Hole Issue
Jul 7th, 3:24pm
The CFPB finalized the long-awaited initial round of amendments to the TILA/RESPA Integrated Disclosure (TRID) rule, also known as the Know Before...
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Mortgage Rates Holding Near 3-Month Highs
Jul 7th, 2:59pm
Posted To: Mortgage Rate WatchMortgage rates didn't move much higher today for most lenders. While that absence of additional weakness is "nice,"...
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CFPB Updates Know Before You Owe Rule
Jul 7th, 2:33pm
Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) has announced final updates to it "Know Before You Owe" mortgage disclosure...
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Phishing Scams Target Prospective Borrowers
Jul 7th, 2:06pm
Federal agencies are warning about a scam that targets prospective borrowers who are about to close on their home loans. It's similar to a scheme...
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Solid US jobs report to keep Fed in 'hike-once-a-quarter mindset': Gundlach
Jul 7th, 1:30pm
Solid June payroll figures should keep the Fed in a "hike-once-a quarter mindset," said influential bond manager Jeffrey...
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High hopes for economic growth after upbeat jobs report: Former White House official Joe Watkins
Jul 7th, 1:24pm
Joe Watkins, former White House aide under George...
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TRID Amendments Finalized
Jul 7th, 1:18pm
Amendments have been finalized for integrated disclosures required under the Truth in Lending Act and the Real Estate Settlement Procedures Act....
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Appraisal News Daily
Jul 7th, 12:06pm
The federal government has weighed in on one state's proposal to fix appraisal fees paid by appraisal management companies. Other valuation...
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Freddie Changes Downpayment Requirements
Jul 7th, 10:58am
Changes to down payment requirements for its first-time homebuyer program have been made by the Federal Home Loan Mortgage Corp.The changes impact...
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Fed sees steady economy, only 'moderate' financial vulnerabilities
Jul 7th, 10:20am
WASHINGTON (Reuters) - The U.S. economy continues to churn out jobs and grow at a steady pace, with investment and consumer confidence both...
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Goldman Sachs' Jan Hatzius: We will see a rebound in wage growth
Jul 7th, 10:18am
Jan Hatzius, Goldman Sachs chief economist,...
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Strong jobs growth means full steam ahead for the Fed
Jul 7th, 10:10am
"I don't see anything in this report that I would expect would change the Fed's position," said one...
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There's still one giant problem with the US jobs picture
Jul 7th, 10:00am
Even a 4.4 percent unemployment rate hasn't been able to put pressure on salaries, which are growing at just a 2.5 percent rate annually....Read More
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Positive jobs number pushes US market higher
Jul 7th, 9:51am
John Silvia, Wells Fargo's chief economist, and...
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Consumers Remain Upbeat About Buying, Selling Homes
Jul 7th, 9:46am
It may be good news for those skinny housing inventories, homebuyers are allegedly confronting that increasing numbers of homeowners think now is...
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Volcker Says Trump Changes to Volcker Rule Won't Erode Principle
Jul 7th, 9:30am
Bloomberg Volcker Says Trump Changes to Volcker Rule Won't Erode Principle Bloomberg Paul Volcker said he isn't worried that the...
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Job Growth in Mortgage Industry
Jul 7th, 9:23am
As was the case for all industries, monthly employment expanded in the mortgage sector. The positive news hurt interest rates. Still, unemployment...
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State-Level Lending Law Changes; Exec's Letter to LOs on Locks/Extensions
Jul 7th, 7:55am
If you are a residential lender doing business in Nevada, would you ever lend on a condo or residence that has a Home Owner’s Association?...
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Housing Sentiment at Record High as Consumers' ...
Jul 7th, 7:45am
News Release. Share This: July 07, 2017. Housing Sentiment at Record High as Consumers' Confidence in Home-Selling Environment Strengthens...
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Job growth jumps to 222,000 in June; unemployment steady at 4.4%
Jul 7th, 7:45am
Nonfarm payrolls likely increased by 179,000 in June, and the unemployment rate was expected at 4.3 percent, according to a Reuters survey of...
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MBS Day Ahead: NFP Doesn't Matter, Even If We See a Big Reaction
Jul 7th, 7:25am
Posted To: MBS Commentary"NFP doesn't matter." These are bold words at times, a no-brainer at others, and a lucky guess most of the...
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Will anything push the Fed off its course of tightening policy this year?
Jul 7th, 7:03am
David Rosenberg of Gluskin Sheff says it won't...
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How To See If Home Prices Are Rising Or Falling Where You Live
Jul 7th, 7:03am
In much of the U.S., the housing crash hangover lingers. New tabulation of home price data lets you zoom in on hundreds of metro areas and...
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Global bond yields continue their rise, prompting Bank of Japan to intensify intervention
Jul 7th, 7:02am
Japan's benchmark 10-year government bond yield rose at one point Friday to 0.105%, its highest since Feb. 3, a market move that sparked fresh...
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German Bonds Face Fresh Downside Risks After Technical Breakout
Jul 7th, 7:02am
Bloomberg German Bonds Face Fresh Downside Risks After Technical Breakout Bloomberg As markets adjust to a hawkish shift in policy rhetoric from...
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US Treasurys edge lower as bond investors await jobs data, wage growth
Jul 7th, 7:02am
U.S. government debt prices were lower on Friday morning as investors awaited the release of key economic data....Read More
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Op-Ed: Here's the danger in Fed jawboning about the US mortgage market
Jul 6th, 9:04pm
Fed Governor Powell did a lot of jawboning today about the US mortgage market. Michael Farr explains why that's risky business....Read More
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Mortgage Rates Jump, Further Ascension Possible
Jul 6th, 4:16pm
Long-term interest rates on residential loans took a giant leap this past week, and there is a good chance that they will be even higher in the...
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Monthly Bankruptcies by Consumers Decline
Jul 6th, 3:32pm
Compared to a month earlier, the number of consumers who resorted to bankruptcy last month was down by 4 percent.Including filings made by...
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MBS RECAP: Dragged Into Weaker Territory by Europe
Jul 6th, 3:30pm
Posted To: MBS CommentaryWe ended yesterday with a glimmer of hope for an end to the recent uptrend in rates. Even so, the modest gains were...
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GSEs to Support Manufactured Housing Market
Jul 6th, 2:37pm
Plans are in the works for the government-sponsored enterprises to begin supporting the market for manufactured housing.Financing for manufactured...
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Fed's Powell on Urgency of Housing Finance Reform
Jul 6th, 2:20pm
According to Federal Reserve Governor Jerome H. Powell, the current housing finance status quo may feel comfortable, but it is also unsustainable....
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Congress Considering Appraisals as Part of Housing Reform
Jul 6th, 2:16pm
Posted To: MND NewsWireCoreLogic, which maintains it employs "the largest panel of appraisers in the country ," looked at the possibilities for...
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Mortgage Rates Heading Higher Still
Jul 6th, 2:02pm
Posted To: Mortgage Rate WatchMortgage rates resumed their recent trend higher today. Yesterday had been the first day since June 27th without...
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Bond yields hit 2-month high on hawkish Fed comments
Jul 6th, 1:55pm
The bond yield hits a 2-month high. Trading...
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It's going to be hard for the Fed to raise rates if inflation is low: Roosevelt's Jason Be
Jul 6th, 1:54pm
Jason Benowitz, senior portfolio manager at...
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Industry groups ask FHFA to extend comment period for LEP RFI
Jul 6th, 1:53pm
A group of eight trade associations has sent a letter to the Federal Housing Finance Agency (FHFA) asking the FHFA to extend by at least 45 days...
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Global interest rates rise as central banks signal an end to bond market party
Jul 6th, 1:53pm
Central banks are moving toward ending a near decade-long bond market party that resulted in ultra-low yields....Read More
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Fed Officials Ready to Start Unwinding QE Holdings
Jul 6th, 1:46pm
Within the next couple of months, several Federal Reserve officials revealed at a recent meeting that they want to reduce massive asset...
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Founder of Mortgage Service Provider Dies
Jul 6th, 1:13pm
The founder of a mortgage service provider that was sold to First American Title who was also active in the Republican party has died.After...
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HSBC Cutting Nearly 200 Florida Jobs
Jul 6th, 12:39pm
The wind down of HSBC Holdings Plc.'s U.S. finance unit has nearly 200 Florida employees losing their jobs during the next few months.HSBC Finance...
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Fed's Powell says current US housing finance system 'unsustainable'
Jul 6th, 12:02pm
The US housing finance system is putting taxpayers...
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Santelli Exchange: Pay attention to 2.42% in the 10-year
Jul 6th, 12:02pm
CNBC's Rick Santelli explains why you should...
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Las Vegas Real Estate in June: Sales up 10% YoY, Inventory down Sharply
Jul 6th, 11:12am
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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HECM Production Climbs from Year Earlier
Jul 6th, 10:39am
Federally insured reverse mortgage production was barely changed on a month-over-month basis. But there was a nice year-over-year...
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ISM non-manufacturing index comes in above forecasts
Jul 6th, 9:45am
CNBC’s Rick Santelli reports on the latest ISM...
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HEL Performance Defies Overall Bank Deterioration
Jul 6th, 9:44am
While the quarterly rate of past-due payments on consumer credit at financial institutions deteriorated, home-equity loan performance...
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ECB opened door at June meeting to removing bond-buying pledge: minutes
Jul 6th, 9:38am
European Central Bank rate setters meeting last month opened the door to dropping a long-standing pledge to boost the ECB's bond-purchase program...
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Home Purchases Drive Up Mortgage Applications
Jul 6th, 9:36am
An increase in applications for loans to finance a home purchase more than offset a modest decline in the volume of applications for mortgage...
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U.S. stocks fall as central banks signal QE end
Jul 6th, 9:23am
U.S. stocks opened firmly lower Thursday as central banks around the globe were indicating a desire to exit from ultra-easy monetary policies that...
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ISM non-manufacturing index hits 57.4 in June, vs. 56.5 estimate
Jul 6th, 9:23am
A reading above 50 indicates expansion in the service sector, and a reading below 50 indicates contraction....Read More
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Mortgage Rates Jump
Jul 6th, 9:22am
Mortgage Rates Jump...Read More
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Powell, The Case for Housing Finance Reform
Jul 6th, 9:20am
Speech At the American Enterprise Institute, Washington, D.C....Read More
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Prospect Settles With DOJ; Upcoming Events; State-Level Changes
Jul 6th, 8:32am
Posted To: Pipeline PressHUD is recommending that Fannie Mae tweak upward its affordable housing goals for 2018-2020. The news prompted one...
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MBS Day Ahead: European Weakness Reignites Negative Trend For Bonds
Jul 6th, 8:26am
Posted To: MBS CommentaryTreasuries were pummelled well before most domestic traders' left for the office this morning. 10yr yields were up to...
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Purchase Applications Bolstered Pre-Holiday Mortgage Volume
Jul 6th, 7:39am
Posted To: MND NewsWireIn a report delayed from its usual Wednesday release by the July 4 th holiday, The Mortgage Bankers Association (MBA) said...
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How a Home Purchase Boosts Consumer Spending
Jul 6th, 7:35am
Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics research shows that a home purchase...
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Job creation slows in June as labor market gets tighter
Jul 6th, 7:35am
Job creation in the private sector tailed off significantly in June in another sign that the economy is getting closer to full employment....Read More
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Bond Report: Global bond yields turn higher as sovereign debt selloff resumes
Jul 6th, 7:35am
U.S. Treasury yields rose on Thursday, joining a global selloff in government paper, as investors took a cautious stance amid fears that central...
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Why a surge in bond yields could be around the corner
Jul 6th, 7:31am
Like Fed officials on interest rates, strategists are divided when it comes to the bond market's direction....Read More
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MBS RECAP: Curse Broken? Bonds Waiting on Data to Confirm
Jul 5th, 4:01pm
Posted To: MBS CommentaryBond markets found their f irst green day since June 27th today and for no particular reason apart from today being the...
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Some Fed officials are concerned stock prices may be too 'high'
Jul 5th, 3:42pm
"Equity prices were high when judged against standard valuation measures," policymakers said in Fed meeting minutes....Read More
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LOS Adoption and Integration
Jul 5th, 3:13pm
Multiple mortgage service providers have recently integrated their offerings into a loan origination system. Meanwhile, a reverse mortgage LOS...
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Trading 10-year bonds
Jul 5th, 2:18pm
Chad Morganlander, Washington Crossing Advisors,...
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Market ready for Fed to reduce balance sheet: Pro
Jul 5th, 1:41pm
Jim Caron, Morgan Stanley, and Jim McDonald,...
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Fed minutes: Inflation to rise; loose policy posing risks
Jul 5th, 1:04pm
The Federal Reserve's most recent interest rate hike came amid worries that keeping policy loose was posing increasing risks to financial...
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PHH Completes Sale of Fannie Mae MSRs
Jul 5th, 1:03pm
As part of its strategy to eliminate its entire mortgage servicing portfolio, PHH Corp. has sold mortgage-servicing rights on its Fannie Mae...
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Another Settlement for Prospect Mortgage
Jul 5th, 12:31pm
Just months following a settlement over illegal fees paid to an appraisal affiliate, Prospect Mortgage LLC has agreed to a settlement tied to...
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Over 70 Mortgage-Related Events Through End of Year
Jul 5th, 11:48am
More than 70 events tied to home lending and financial services are scheduled through the end of this year. Topics to be covered include banking,...
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Redfin is Going Public; Acknowledges "Flipping" Subsidiary
Jul 5th, 11:07am
Redfin, the Seattle-based real estate brokerage (among other things) company is expected to soon take its place on the Nasdaq.  The company...
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Pimco's Kiesel on the Federal Reserve and Markets
Jul 5th, 10:45am
Bloomberg Pimco's Kiesel on the Federal Reserve and Markets Bloomberg Mark Kiesel, chief investment officer of global credit at Pimco,...
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Factory orders in May come in slightly lower than forecasted
Jul 5th, 9:31am
CNBC’s Rick Santelli breaks down the latest...
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Cramer says Janet Yellen is 'torn' on future Fed rate hikes
Jul 5th, 9:31am
CNBC's Jim Cramer discusses his outlook on the...
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CoreLogic HPI Loses a Bit of Momentum
Jul 5th, 9:20am
Home prices ratcheted down their rate of gains in May, although as they say, it is all relative.  After jumping by 1.6 percent in both March...
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State-level Changes to Licensing, Servicing; Capital Markets
Jul 5th, 8:31am
Posted To: Pipeline PressThe U.S. Treasury Department recently issued a report titled “A Financial System That Creates Economic...
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MBS Day Ahead: Looking for Signs of Support Amid Muted Data
Jul 5th, 8:08am
Posted To: MBS CommentaryToday is light in terms of scheduled economic data and events. This will change rapidly over the next 2 days (ADP/ISM...
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Major changes coming to mortgage underwriting
Jul 5th, 7:36am
CNBC's Diana Olick reports on the upcoming...
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CoreLogic US Home Price Report Shows Prices Up 6.6 Percent in May 2017
Jul 5th, 7:35am
Price Appreciation Outstripping Income Growth in Many Markets Many Markets Still Lack Adequate Inventory  Tight Inventory...
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Fast Track to Skyrocketing Real Estate Prices: The New Public-Transit Effect
Jul 5th, 7:35am
As cities across the U.S. have found, expanding public transportation can improve home values and attract new residents interested in a car-free...
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2018-2020 Enterprise Housing Goals
Jul 5th, 7:33am
The Federal Housing Finance Agency (FHFA) is issuing a proposed rule with request for comments on the housing goals for Fannie Mae and Freddie Mac...
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HSBC Said in Talks With US to End Crisis-Era Mortgage Probe
Jul 5th, 7:31am
Bloomberg HSBC Said in Talks With US to End Crisis-Era Mortgage Probe Bloomberg HSBC Holdings Plc is in talks to resolve a U.S. probe into its...
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Amherst Sells Portfolio Of Homes To Altisource
Jul 4th, 10:49am
Amherst Holdings, LLC  (“Amherst”) announced that its Single Family Residential platform has sold a portfolio of 751 single family...
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Using Technology To Attract Borrowers
Jul 4th, 10:44am
In this case, Denver, Colorado-based Reason Real Estate unveiled its new website and brokerage model this June. With new home search tools, a...
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Mortgage Wholesalers Offer Nonprime, Non-QM, 120%
Jul 3rd, 6:06pm
Recent offerings by wholesale mortgage lenders include nonprime programs, loans that don't meet Qualified Mortgage standards, and loan-to-value...
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Mid-Level Mortgage Executives Find New Homes
Jul 3rd, 4:58pm
A number of recent management appointments at real estate finance firms included several mid-level executives filling regional positions.Fannie...
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MBS RECAP: Early Close Couldn't Come Early Enough
Jul 3rd, 2:02pm
Posted To: MBS CommentaryBond markets closed early today (2pm ET) in observance of tomorrow's Independence Day holiday (and will be fully...
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Worst 5 Days For Rates Since The Election
Jul 3rd, 12:42pm
Posted To: Mortgage Rate WatchMortgage rates continue rising at an uncomfortable pace for anyone in the market to buy or refinance. Today was the...
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Monthly Agency MBS Issuance Jumps
Jul 3rd, 11:06am
Monthly issuance at the three federally controlled housing finance agencies turned solidly higher from the prior month, though there was a...
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El-Erian Says Bet on Emerging Markets Due to Better Valuations - Bloomberg
Jul 3rd, 10:53am
El-Erian Says Bet on Emerging Markets Due to Better Valuations Bloomberg Mohamed El-Erian, Allianz SE's chief economic adviser, said...
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Market top coming because Fed's easy money 'no longer politically acceptable', Bank o
Jul 3rd, 10:28am
Michael Hartnett said it is "no longer politically acceptable to stoke [the] Wall St. bubble."...Read More
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Residential Spending has Bad Month; Holds up Well Overall
Jul 3rd, 9:51am
Posted To: MND NewsWireConstruction spending was essentially flat in May when compared to April. The U.S. Census Bureau said on Monday that there...
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ISM manufacturing index comes in at 57.8 for June
Jul 3rd, 9:33am
CNBC’s Rick Santelli reports from Chicago on the...
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ISM manufacturing index hits 57.8 in June; construction spending unchanged in May
Jul 3rd, 9:03am
ISM manufacturing index hits 57.8 in June; construction spending unchanged in May|| 104565193...Read More
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Residential Legal News; Disaster Area Updates; FHA, VA, and Ginnie News
Jul 3rd, 8:40am
Posted To: Pipeline PressWe’ve sailed through half of 2017 already. (“Life is like a roll of toilet paper. The closer you get to the...
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MBS Week Ahead: Holiday-Punctuated Week Still Has a Lot to Tell Us
Jul 3rd, 8:39am
Posted To: MBS CommentaryEvery Friday, the CFTC issues a report on trading position in Treasury Futures (and everything else in the commodities...
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Fannie Mae Issues May Volume Summary
Jul 3rd, 8:12am
Posted To: MND NewsWireFannie Mae's Book of Business increased at a compounded annual rate of 1.5 percent in April to a value of $3.168 trillion...
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Housing inventory issues and weak sales expected to continue
Jul 3rd, 8:01am
CNBC's Diana Olick takes a look at the health...
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Central bankers want communication, not coordination
Jul 3rd, 7:39am
FRANKFURT (Reuters) - There is no behind-the-scenes pact between powerful central bankers to tighten policy but the potent effect their actions...
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US Treasurys edge lower as bond investors focus on data, auctions
Jul 3rd, 7:10am
U.S. government debt prices were lower on Monday as investors prepared for a fresh batch of economic data and awaited Treasury auctions....Read More
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Currencies: Dollar climbs, rebounding from last week's sharp loss
Jul 3rd, 7:09am
The dollar move firmly higher against other major currencies on Monday, rebounding from sharp losses posted last week as investors tried to catch...
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What to expect from the June jobs report
Jul 3rd, 7:07am
Ahead of the June jobs report at the end of the...
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Ginnie MSRs Being Offered on Behalf of Failed Bank
Jul 2nd, 5:39pm
An auction is being held for mortgage servicing rights on Government National Mortgage Association loans from a financial institution that failed...
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CFPB Provides Guidance for Mortgage Servicing Rule
Jul 1st, 6:33pm
The Consumer Financial Protection Bureau has issued policy guidance on early compliance with the 2016 Mortgage Servicing Final Rule.Originally...
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Decade-Low for Fannie's Mortgage Delinquency
Jul 1st, 6:14pm
New monthly business was better at the Federal National Mortgage Association. An even bigger improvement was made in delinquency, which sank to...
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ARMs Out Front of Rise in Weekly Mortgage Business
Jul 1st, 6:05pm
Heading into the holiday week, new mortgage activity accelerated, and it was interest in adjustable-rate mortgages that saw the greatest...
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BofA Investment a Windfall for Warren Buffett
Jul 1st, 1:31pm
Billionaire Warren Buffett's company is exercising Bank of America Corp. warrants that will work out to a paper profit of $12 billion.Buffett's...
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MBS RECAP: Bond Rout Continues With No Help From Month-End
Jun 30th, 3:53pm
Posted To: MBS CommentaryThere is month-end bond buying and then there is month-end "position-squaring." These are 2 different things....
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Worst Week For Mortgage Rates Since March
Jun 30th, 2:43pm
Mortgage rates moved higher for a 4th straight day to end the month of June.  In terms of upward movement, this has been the worst week...
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Will markets rally or correct in the second half?
Jun 30th, 2:11pm
CNBC Contributor Ron Insana and Burns McKinney, NFJ...
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Residential Fixed Investment Reaches Near-Decade High
Jun 30th, 2:08pm
Final estimates of first quarter 2017 GDP growth (revised up two-tenths of a percentage point to 1.4%), show that housing's share of gross...
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Rising homeowner rates could have implications for renting
Jun 30th, 2:08pm
These factors are contributing to the slight increase in the homeownership rate – and whether it's likely to continue, U.S. News...
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A Counterpoint For Recent Move Higher in Bond Yields
Jun 30th, 2:07pm
The yield on the 10-year Treasury note hit its highest level in a little over month in Friday trading. But some strategists say bond yields...
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Wells Fargo Unsettles Mortgage Bond Market by Holding Back Funds
Jun 30th, 1:58pm
Bloomberg Wells Fargo Unsettles Mortgage Bond Market by Holding Back Funds Bloomberg Wells Fargo & Co. surprised investors this week by...
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Hensarling Talks Financial Choice Act
Jun 30th, 12:30pm
Among several topics covered in an interview with Rep. Jen Hensarling (R-Texas) was his legislation that would be a sweeping rollback of the...
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Does Refi Advertising Help or Hurt Borrowers and Lenders?
Jun 30th, 12:02pm
Posted To: MND NewsWire"Mortgage borrowers frequently make costly refinancing mistakes by either refinancing when they should wait, or by waiting...
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Consumer sentiment index at 95.1 vs. 94.4 estimate
Jun 30th, 10:16am
CNBC's Rick Santelli reports the latest read on...
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Chicago PMI Increases in June, Highest in Three Years
Jun 30th, 9:46am
From the Chicago PMI: June Chicago Business Barometer at 65.7 vs 59.4 in May The MNI Chicago Business Barometer rose to 65.7 in June from 59.4 in...
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Consumer sentiment hits lowest level since November
Jun 30th, 9:46am
Economists expected the University of Michigan's Consumer Sentiment Index to hit 94.5 in June, according to Thomson Reuters....Read More
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WebMax Enhances Loan Origination And Borrower Experience With Optimal Blue
Jun 30th, 9:16am
WebMax has chosen Optimal Blue as their partner to provide a unique digital mortgage experience with lender-specific, real-time, compliant...
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MBA President And CEO Calls For GSE Reform
Jun 30th, 9:10am
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), testified before the U.S. Senate Committee on Banking,...
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Personal income up 0.4% in May
Jun 30th, 8:21am
CNBC's Rick Santelli breaks down the latest...
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Fannie and Freddie Conventional Conforming Changes Across Multiple Lenders
Jun 30th, 8:20am
Posted To: Pipeline PressHuh? The year is half over? Didn’t 2017 just start? Time has a way of flying by. Via rocket ship. July starts...
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MBS Day Ahead: Month/Quarter-End Tradeflows Make For Uncertain Conclusions
Jun 30th, 8:11am
With bond yields so clearly lifting-off from their recent trend, today should be just another day to consider our relative demise....
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US consumer spending up just 0.1%, despite income gain
Jun 30th, 7:45am
Americans enjoyed a healthy increase in income last month but didn't spend much of the gain....Read More
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Percentage of Homebuyers That Made an Offer Sight-Unseen Up From 2016
Jun 30th, 7:35am
In May 2017, Redfin commissioned a survey of 3,350 U.S. residents in 11 metropolitan areas who in the past year bought or sold a home, attempted...
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A Yellen replacement is unlikely to throw Fed off course, says Bullard
Jun 30th, 7:35am
When President Donald Trump officially embarked upon his presidential career in January, deafening whispers began to circulate around Washington...
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Treasury report on U.S. financial system recommends extensive mortgage lending reforms
Jun 30th, 7:32am
The U.S. Treasury Department recently issued a report titled “A Financial System That Creates Economic Opportunities-Banks and Credit...
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Mortgage Rates Dip to 2017 Low, Likely to Soar
Jun 30th, 5:21am
Long-term interest rates on mortgages fell to the lowest level in over seven months. But next week's report is likely to reflect much higher...
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MBS RECAP: Bonds Might Have Done Even Worse if Not For Stocks
Jun 29th, 3:57pm
Posted To: MBS CommentaryIf you follow equities markets much, you know that today was pretty ugly --especially for the tech sector. In fact, most...
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Mortgage Rates Highest in More Than a Month
Jun 29th, 3:08pm
Mortgage rates are higher again today, with the average lender now back to levels not seen since May 16th, 2017.  Unless...
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Preserving 30-Year Mortgages, TBA Market High on Finance Reform List
Jun 29th, 3:05pm
Posted To: MND NewsWireThe Senate Committee on Banking, Housing, and Urban Affairs held another hearing on housing finance reform on Thursday. In...
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Robert Shiller: Market valuations are a bit concerning
Jun 29th, 2:18pm
Robert Shiller, Nobel laureate and Yale University...
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House Appropriations Bill Seeks CFPB Reforms
Jun 29th, 2:18pm
Today, the House Appropriations Committee’s Subcommittee on Financial Services and General Government will mark up its draft fiscal year...
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Could Your Property Be Worth More If You Tear Down Your Home?
Jun 29th, 2:17pm
In some cities with land shortages, zoning might allow an apartment or condo building to go up where a small home once stood. This makes teardowns...
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Non-QM Is Not The New Subprime
Jun 29th, 12:33pm
A new report indicates that residential lending to borrowers who don't meet Qualified Mortgage rule requirements is not the same as pre-crisis...
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Mortgage Risk Rises, Purchase Shift Blamed
Jun 29th, 12:26pm
An increasing share of home purchase transactions is having a negative impact on the risk of defects, fraud and misrepresentation in home-lending...
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Reis: Office Vacancy Rate "flat" in Q2 at 16.0%
Jun 29th, 11:25am
Reis released their Q2 2017 Office Vacancy survey this morning. Reis reported that the office vacancy rate was unchanged at 16.0% in Q2, from...
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Tax reform is coming in September, Trump economic advisor Gary Cohn says
Jun 29th, 10:55am
Gary Cohn, President Donald Trump's director of the National Economic Council, told MSNBC tax reform is coming in September regardless of health...
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Freddie Mac AIMI Shows Moderation Consistent with Expectations
Jun 29th, 10:53am
Freddie Mac AIMI Shows Moderation Consistent with Expectations...Read More
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CMBS Slam Into Maturity Wall, Multifamily Meltdown
Jun 29th, 10:36am
The performance of securitized commercial real estate loans worsened more than it has in over five years as loans made 10 years ago reached...
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Average FICOs Declining; Fannie G-Fees Bounce Higher -UI Chartbook
Jun 29th, 9:51am
Posted To: MND NewsWireThe Urban Institute (UI) releases a regular report, Housing Finance at a Glance , a "chartbook" loaded with charts and...
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FirstClose Adds Desktop Valuations To Decrease Turn-Around Time & Reduce Costs
Jun 29th, 8:53am
FirstClose, a provider of end-to-end technology solutions for refinance and home equity lenders nationwide, announced the addition of Desktop...
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June Home Sales To Decrease
Jun 29th, 8:37am
The Ten-X Residential Real Estate Nowcast indicates a slight decrease in June existing home sales. According to the nowcast, June sales will hit a...
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Compliance; New Products; Housing and the Economy
Jun 29th, 8:35am
Posted To: Pipeline PressHousing, Rates, and the Economy Following the NAR's recent report that existing home sales rebounded in May, Brad Walker,...
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MBS Day Ahead: Yes, It's Serious For Bond Markets
Jun 29th, 8:29am
Posted To: MBS CommentaryEven yesterday, the situation was already getting serious for bond markets given our past encounters with hints of...
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Big banks pass Federal Reserve stress test
Jun 29th, 8:29am
CNBC's Kayla Tausche reports 34 of the...
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Making sense of this week's currency moves
Jun 29th, 8:28am
Alan Ruskin global head of G10 forex strategy...
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Q1 GDP (final) up 1.4% vs. 1.2% est.
Jun 29th, 8:28am
CNBC's Rick Santelli breaks down the latest...
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Markets may seem confused over ECB policy, but most bets suggest tightening in 2018
Jun 29th, 7:42am
Investors and markets may have shown some confusion regarding the future policy of the European Central Bank this week, but they are certain that...
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US jobless claims rise, but the labor market is still buoyant
Jun 29th, 7:41am
First-time claims for state unemployment benefits were expected to total 240,000 in the most recent week, down from the 241,000 claims reported in...
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America's 20 Hottest Real Estate Markets for June 2017
Jun 29th, 7:39am
There's no end in sight for the housing shortage and prices are pushing higher than ever, according to a preliminary analysis of June data by...
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Bond Report: Global bond yields march higher as easy-money era shows age
Jun 29th, 7:38am
A global bond selloff continued on Thursday, driving up some yields to their highest levels in more than a month, as investors digested messages...
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3rd Consecutive Month of Falling Pending Home Sales
Jun 28th, 5:17pm
A frustratingly persistent shortage of inventory in the market for pre-owned single-family properties helped drive down pending sales for the...
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Best U.S. Banks
Jun 28th, 4:34pm
A new ranking of financial institutions based on their reputations had the banking sector improving despite a major scandal involving...
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MBS RECAP: Mortgages Outperform After European Damage Control
Jun 28th, 4:31pm
Today began in hilarious and somewhat glorious fashion with unnamed "ECB sources" overtly doing damage control on Draghi's comments that...
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Mortgage Rates Highest in More Than 2 Weeks
Jun 28th, 3:39pm
Posted To: Mortgage Rate WatchMortgage rates moved moderately higher again today, as investors continued digesting the possibility of a "taper...
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New Mortgage Wholesaler Expands Business
Jun 28th, 3:20pm
Fresh off a recently made major mortgage acquisition that included a wholesale lending business, Home Point Financial Corp.  is expanding the...
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Zillow Forecast: "May Case-Shiller Forecast: Expect the Cooldown to Continue"
Jun 28th, 2:44pm
The Case-Shiller house price indexes for April were released yesterday. Zillow forecasts Case-Shiller a month early, and I like to check...
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Santelli Exchange: Is the U.S. 10-year establishing a new range?
Jun 28th, 2:28pm
CNBC's Rick Santelli on the technical significance of U.S. 10-year yields. CNBC's Rick Santelli on the technical significance of U.S. 10-year...
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Warren Buffet slams Senate GOP health-care bill as a 'relief for the rich act'
Jun 28th, 2:05pm
CNBC's Robert Frank reports 45 percent of the...
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Reis: Mall Vacancy Rate increased in Q2 2017
Jun 28th, 1:47pm
Reis reported that the vacancy rate for regional malls was 8.1% in Q2 2017, up from 7.9% in Q1, and up from 7.9% in Q2 2016. This is down from a...
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Labor Shortage Squeezes Real-Estate Developers
Jun 28th, 1:47pm
About two-thirds of the contractors who are struggling with labor shortages say it has become a challenge to finish jobs on time. The post Labor...
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Kumar: Don't Ignore Yellen's Valuation Warning
Jun 28th, 1:47pm
Kumar: Don't Ignore Yellen's Valuation Warning Bloomberg (Bloomberg) -- Some valuations of defensive stocks are looking expensive,...
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Easier Mortgage Credit Conditions Not a Warning
Jun 28th, 12:02pm
Although mortgage executives plan to relax credit requirements, the easing is not the same as was done before the nation's housing market...
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Refinances Lead Decline in Mortgage Applications
Jun 28th, 11:34am
With refinance activity leading the way, a weekly decline was reported for the number of prospective borrowers who initiated the home-loan...
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Draghi Tried to Be Cautious But Spooked the Market Anyway - Bloomberg
Jun 28th, 10:15am
Bloomberg Draghi Tried to Be Cautious But Spooked the Market Anyway Bloomberg Mario Draghi just got evidence that his call for "prudence" in...
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Pending home sales drop 0.8 percent in May
Jun 28th, 9:41am
CNBC’s Diana Olick reports on the latest data on...
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"Lopsided Conditions" Dragging Down Pending Home Sales
Jun 28th, 9:39am
Pending home sales failed to rise as expected in May, the third straight month that measure has declined.  The National Association of...
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Pending home sales tumble as supply crisis hits sales
Jun 28th, 9:05am
The pending home sales index from the National Association of Realtors dropped 0.8 percent month-to-month and is now 1.7 percent lower than May...
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Waivers Granted for Early Compliance with Servicing Rules
Jun 28th, 9:01am
Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) says it has learned that some servicers anticipate some calendar-related...
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The Economy and Rates; Originator Training; Freedom Takes a Bite Out of the Big Apple
Jun 28th, 8:31am
Posted To: Pipeline PressTransitional licensing, where a bank LO can move to being a non-depository LO and still can originate? Yup.Contact your...
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'What's the rush' on interest rate hikes, asks Fed's Kashkari
Jun 28th, 8:27am
With inflation low and wages showing little sign of an upward surge, the Federal Reserve should not be raising interest rates, Minneapolis Fed...
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MBS Day Ahead: Bond Markets Debating Seriousness of ECB Tapering Risk
Jun 28th, 8:19am
Posted To: MBS CommentarySeemingly overnight (in fact, it WAS overnight yesterday), the notion of a European taper tantrum burst on the scene...
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Mortgage Application Activity Slows Significantly
Jun 28th, 7:47am
Applications for mortgages plunged during the week ended June 23, even as interest rates remained relatively stable.  The Mortgage Bankers...
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Trulia: Falling Inventory Has Led To Hurried Homebuying
Jun 28th, 7:45am
Falling Inventory is Pushing Homes off the Market at Record Pace...Read More
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Boockvar: The markets are going to learn central banks are not their friends
Jun 28th, 7:44am
Peter Boockvar of The Lindsey Group says investors...
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One in Three Recent Homebuyers Made an Offer Sight-Unseen—Up from Nearly One in Five a Year
Jun 28th, 7:44am
In May 2017, Redfin commissioned a survey of 3,350 U.S. residents in 11 metropolitan areas who in the past year bought or sold a home, attempted...
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The Wall Street Journal: Now it's easier to buy a home even if you have student loans
Jun 28th, 7:43am
Fannie Mae and several states offer aid for young people who want to be homeowners....Read More
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Equity National Title Now Conducting eClosings With Pavaso
Jun 28th, 4:43am
Equity National Title, a national provider of title and settlement services is now able to deliver eClosings with Digital Close through Pavaso,...
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Freedom Mortgage Agrees To Acquire Residential Mortgage Assets
Jun 28th, 4:35am
Freedom Mortgage Corp., a privately held, full-service mortgage lender licensed in all 50 states, has agreed to buy approximately $500 million of...
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MBS RECAP: On Guard For One Central Banker, Bonds Get Rocked By Another
Jun 27th, 3:59pm
Bond markets got sucker-punched today.  Traders were on the lookout for Yellen's comments at a conference in London in the afternoon....
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Senate health-care vote delay is significant: Cowen
Jun 27th, 3:17pm
Chris Krueger, Cowen managing director, analyzes...
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Fed Chair Janet Yellen: Major banks are much stronger this year
Jun 27th, 3:16pm
At the British Academy in London, Federal Reserve...
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Real Estate Economist Optimistic About Millennials
Jun 27th, 2:05pm
The chief economist of Stewart Title is optimistic about the U.S. economy, the impact of rising interest rates and millennials.Ted Jones delivered...
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Real House Prices and Price-to-Rent Ratio in April
Jun 27th, 1:54pm
Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 5.5% year-over-year in April It has been more than...
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Yellen: Banks 'very much stronger'; another financial crisis not likely 'in our lifet
Jun 27th, 1:02pm
Fed Chair Janet Yellen said Tuesday that banks are "very much stronger" judging by how major institutions did in the recent stress tests....Read More
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Curtain May be Rising on Another GSE Drama
Jun 27th, 12:59pm
Bloomberg is reporting there appears to be yet another plan in the long running reality show featuring the government sponsored enterprises or...
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Housing inventory has gotten worse as demand rises
Jun 27th, 12:57pm
CNBC's Diana Olick reports on the latest...
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The last rake hike will be in December, here's how that will move bonds: Strategist
Jun 27th, 12:57pm
Bill Stone, PNC Asset Management, discusses the...
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Watch Fed Chair Janet Yellen and Lord Nicholas Stern discuss world economic issues
Jun 27th, 12:14pm
Federal Reserve Chair Janet Yellen will sit down in London with Lord Nicholas Stern, president of the British Academy, to discuss global economic...
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Will the Hispanic Homeownership Gap Persist?
Jun 27th, 12:14pm
Will the Hispanic Homeownership Gap Persist?...Read More
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5 Highest Appreciating Home Markets Include 3 Ds
Jun 27th, 11:54am
Although two cities located in the Northwest consistently top the list of areas with the fastest-rising home values, a trio of D-cities recently...
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Yields rise with European debt after upbeat Draghi comments
Jun 27th, 11:17am
NEW YORK, June 27 U.S. Treasury yields rose on Tuesday, in sympathy with European government debt weakness, after European Central Bank President...
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Reis: Apartment Vacancy Rate increased in Q2 to 4.4%
Jun 27th, 11:16am
Reis reported that the apartment vacancy rate was at 4.4% in Q2 2017, up from 4.3% in Q1, and up from 4.2% in Q2 2016.  This is the...
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Bank Unloads Mortgage Business
Jun 27th, 10:14am
The mortgage banking remnants of a bank that failed during the depths of the financial crisis have been scooped up by one of the nation's biggest...
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A Mystery Fed Candidate Won a Seat at the FOMC Table, Then Walked Away
Jun 27th, 10:03am
Bloomberg A Mystery Fed Candidate Won a Seat at the FOMC Table, Then Walked Away Bloomberg Janet Yellen, chair of the U.S. Federal Reserve, leaves...
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Consumer confidence gains in June, topping estimates
Jun 27th, 10:03am
The Consumer Confidence Index rose in June to 118.9, despite expectations for it to drop, The Conference Board announced Tuesday....Read More
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US home prices grow just 5.5 percent in April, missing analysts' expectations
Jun 27th, 9:48am
The U.S. National Home Price NSA Index reports a...
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Signs of Deceleration Despite Record High Home Price Index - Case-Shiller
Jun 27th, 9:27am
The S&P CoreLogic Case-Shiller National Home Price Index for April set a record high, on a non-seasonally adjusted (NSA) basis for the fifth...
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Reverse Mortgage Business Acquired
Jun 27th, 9:15am
The reverse mortgage unit of a Maryland-based home lender has been sold in a transaction that promises to create a top-tier reverse mortgage...
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Wells Fargo to sell commercial insurance business
Jun 27th, 9:01am
(Reuters) - Wells Fargo & Co said on Tuesday it agreed to sell its commercial insurance business to private insurer USI Insurance Services, as...
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Survey Reveals The Number One Obstacle For Homebuyers Nationwide
Jun 27th, 8:42am
NAMB, The National Association of Mortgage Professionals, announced the results of its monthly member survey. The primary findings include the...
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Investor Updates; Upcoming Training and Events
Jun 27th, 8:31am
Posted To: Pipeline PressWorries about Europe’s economies have, in most part, subsided. But rumors swirl regarding The Land of Lincoln....
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MBS Day Ahead: Rattled by Draghi, Traders Wait For Yellen
Jun 27th, 8:26am
Members of the FOMC are constantly giving speeches and making appearances at various events.  The only exception would be the "blackout...
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Lender Embraces A More Efficient Appraisal Process
Jun 27th, 8:25am
American Financial Network, Inc. (AFN), one of the country’s fastest growing mortgage companies with more than 30 appraisal management...
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Real Estate Ponzi Scheme Unearthing Leads to Guilty Plea
Jun 27th, 7:44am
The former owner of a "We Buy Ugly Houses" franchise admitted in federal court recently that she mislead investors, misused investors' money,...
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Here's how to invest in real estate â€" think Warren Buffett-style, not
Jun 27th, 7:44am
REITs can yield big profits, but only if you know which ones to buy, says our call of the day....Read More
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Americans' Confidence in Economy Remains Barely Positive
Jun 27th, 7:43am
Americans' views of the economy were unchanged last week, with Gallup's U.S. Economic Confidence Index remaining slightly positive....Read More
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Draghi speaks of 'strengthening and broadening recovery' in euro zone, but says stimulus m
Jun 27th, 7:43am
President Mario Draghi of the European Central Bank said Tuesday that the central bank will have to be prudent to gradually adjust its monetary...
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A Republican and a Democrat team up to split Fannie Mae and Freddie Mac
Jun 27th, 7:41am
Senators Bob Corker and Mark Warner are considering legislation that would break up Fannie Mae and Freddie Mac, according to Bloomberg....Read More
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Finance of America Lending/Servicing/Staffing Down
Jun 26th, 6:27pm
Quarterly mortgage originations were slower at Finance of America Holdings LLC. Also diminishing was the lender's staffing and servicing...
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Office Drives Improvement in CMBS Delinquency
Jun 26th, 5:33pm
After worsening for several months in a row, the past-due rate on securitized commercial real estate loans moved lower. Office building loans...
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MBS RECAP: Weak Durable Goods Helps Bonds Hold Gains
Jun 26th, 4:35pm
Posted To: MBS CommentaryDespite a super narrow range throughout the day, last Friday saw 10yr yields close at the 2nd best levels of the year....
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House member launches fintech lending investigation
Jun 26th, 3:57pm
Congressman Emanuel Cleaver, II announced last week that he had launched an investigation into small business financial technology (fintech)...
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Rates Still Flat at 8-Month Lows
Jun 26th, 3:21pm
Mortgage rates were steady to slightly lower today, depending on the lender.  Underlying financial markets continue moving in a narrow...
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Ugly House Buyer Deceives Investors
Jun 26th, 3:17pm
The guilty plea of a former franchise owner of We Buy Ugly Houses has prompted the company to issue a statement condemning the real estate...
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Here's the worrisome 'conundrum' taking place in the bond market right now
Jun 26th, 3:07pm
Long-term Treasury bond yields fell Monday, with the 30-year bond yield hitting 2.682 percent its lowest level since Nov. 9....Read More
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Trade associations voice support for commission to run CFPB
Jun 26th, 3:04pm
A group of 22 trade associations sent a letter last week to the Chairmen and Ranking Members of the Senate and House Appropriations Committees...
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Senior Mortgage Executives' Non-GSE Outlook Strong
Jun 26th, 12:10pm
Senior mortgage banking executives are expecting that demand for non-agency programs will intensify. At the same time, the group expects...
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LOS Expands Its Offering And Brand Awareness
Jun 26th, 11:31am
OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, has unveiled a new corporate website to...
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Perceived Sellers' Market Could Lead to Inventory Gains
Jun 26th, 11:25am
Is there relief in sight for those oft cited, much maligned tight housing inventories?  The National Association of Realtors® (NAR) sees...
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QC Player Is Ready For Day 1 Certainty
Jun 26th, 11:22am
ACES Risk Management (ARMCO), a provider of financial quality control and compliance software, has updated its flagship ACES Audit Technology with...
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HUD and Census Bureau Report New Residential Sales in May 2017
Jun 26th, 11:12am
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new...
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Freddie Mac: Mortgage Serious Delinquency rate declined in May, Lowest since May 2008
Jun 26th, 10:26am
Freddie Mac reported that the Single-Family serious delinquency rate in May was at 0.87%, down from 0.92% in April.  Freddie's rate is...
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Falling Demand, Competition, Push Lenders Toward Easing Standards
Jun 26th, 10:23am
As home buying affordability has declined, it has indirectly moved lenders' apparent willingness to loosen credit standards in the opposite...
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Art Cashin warns about a 'wild card' remark on a 2008 financial crisis repeat
Jun 26th, 9:53am
"I would prefer not to see a Lehman-like moment again," Art Cashin says....Read More
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71 Percent of Homeowners Believe It's a Good Time to Sell; Economic and Financial Confidence Di
Jun 26th, 9:16am
WASHINGTON (June 26, 2017) — Existing housing inventory has declined year over year each month for two straight years, but new consumer...
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Black Knight Home Price Index Hits All-Time High
Jun 26th, 9:11am
The third major home price indicator of the month was released on Monday and again there was no indication that the rate of appreciation is...
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Freddie Signing a Different Tune on Housing/Mortgage Outlook
Jun 26th, 9:08am
On November 30, 2016 Freddie Mac's economists issued their monthly Outlook which, in light of the sudden surge in interest rates earlier that...
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Freddie Singing a Different Tune on Housing/Mortgage Outlook
Jun 26th, 9:08am
On November 30, 2016 Freddie Mac's economists issued their monthly Outlook which, in light of the sudden surge in interest rates earlier that...
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Bank News: Stress Tests, M&A, Values, Underwriting Changes, New Products
Jun 26th, 9:06am
“Statistics are like bikinis. What they reveal is suggestive but what they conceal is vital.” We’re always watching home sales...
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Durable goods down 1.1% vs. 0.4% est.
Jun 26th, 9:02am
These aren't good numbers, says CNBC's Rick...
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Chicago Fed "Index Points to Slower Economic Growth in May"
Jun 26th, 9:00am
From the Chicago Fed: Chicago Fed National Activity Index Points to Slower Economic Growth in May Led by declines in production-related...
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MBS Week Ahead: Bonds Look to Data and Month-End For Breakout Potential
Jun 26th, 8:37am
Whereas the previous week was generally devoid of significant economic data or market moving events, the current week is more of a contender....
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U.S. core capital goods orders, shipments slip in May
Jun 26th, 7:57am
WASHINGTON, (Reuters) - New orders for key U.S.-made capital goods unexpectedly fell in May and shipments also declined, suggesting a loss of...
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As Mortgage Demand Cools and Competition Heats Up, More ...
Jun 26th, 7:57am
News Release. Share This: June 26, 2017. As Mortgage Demand Cools and Competition Heats Up, More Lenders Are Planning ......Read More
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Financial conditions another reason to tighten Fed policy: NY Fed's Dudley
Jun 26th, 7:35am
The recent narrowing of credit spreads, record stock prices, and falling bond yields could encourage the Federal Reserve to continue tightening...
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ARMs, Refis Lead Weekly Mortgage Market Index Down
Jun 25th, 5:20pm
A week-over-week decline in new mortgage activity was led by a big drop in demand for adjustable-rate mortgages and refinances. One bright spot...
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LO Busted for Reverse Mortgage Fraud
Jun 23rd, 4:41pm
A loan officer who originates reverse mortgages has been charged with committing mortgage fraud and not completing promised home repairs.Mark...
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MBS RECAP: Quietest Day of The Week Despite Several Interesting Tidbits
Jun 23rd, 4:32pm
We've been watching the intraday trading ranges in bond markets to keep an eye on just how flat things have been in the wake of last...
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Marketing lessons from $1b Clooney tequila and fallen fintech lender Sindeo
Jun 23rd, 4:24pm
Even if you haven't heard of Sindeo, when a fintech brand like this falls, you better hear the sound because there are lessons here for all of us....
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The Week Ahead: Housing market in the spotlight
Jun 23rd, 4:16pm
CNBC's Jackie DeAngelis looks ahead to what are...
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Pros and cons of paying off mortgage before retirement
Jun 23rd, 4:16pm
Retiring a mortgage can reduce stress, increase...
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Stocks Are Ignoring Oil's Bear Market
Jun 23rd, 4:16pm
Bloomberg Stocks Are Ignoring Oil's Bear Market Bloomberg The bear market in crude in many ways resembles its more severe predecessors...
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Rates Cap Impressively Sideways Week Near Long-Term Lows
Jun 23rd, 3:59pm
Posted To: Mortgage Rate WatchWeeks like this are the reason that some mortgage rate analysis is only done once a week. There haven't been any...
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Economic disappointment at levels not seen since 2011
Jun 23rd, 3:05pm
CNBC's Jeff Cox and Peter Boockvar, The Lindsey...
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Here's how much housing prices have skyrocketed over the last 50 years
Jun 23rd, 3:04pm
In 1940, the median home price in the U.S. was less than $3,000....Read More
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How to Get a Mortgage Without a Full-Time, Permanent Job
Jun 23rd, 3:04pm
Obtaining a mortgage as a gig economy worker can be challenging. Do your homework and start preparing your finances and paperwork well in advance....
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Home building demand has been strong: Credit Suisse
Jun 23rd, 3:04pm
Susan Maklari, senior analyst at Credit Suisse,...
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Mortgage Lending Forecasted to Fall After Q2 Peak
Jun 23rd, 1:36pm
After peaking during the current quarterly period, single-family loan production is projected to retreat for the foreseeable future.During the...
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Diversity Not Destined to Dampen Homeownership
Jun 23rd, 1:09pm
Posted To: MND NewsWireThe final installment of a series of working papers produced by the University of Southern California (USC), in partnership...
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Fungal toxins in the home can easily become airborne and be inhaled, says study
Jun 23rd, 12:35pm
Toxins from household fungi can easily become airborne and cause health problems, a new study has found....Read More
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Future Development Reads: Air conditioning and economic development
Jun 23rd, 12:35pm
Temperatures here in Durham, North Carolina, have soared close 90 degrees Fahrenheit (32 Celsius). I'm told by natives that July will be equally...
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Freddie Mac June 2017 Outlook
Jun 23rd, 12:33pm
Freddie Mac June 2017 Outlook...Read More
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Quicken Loans Founder Wealthiest in Michigan
Jun 23rd, 12:10pm
The founder and owner of Detroit-based Quicken Loans Inc. has been ranked as the richest person in the state of Michigan.Dan Gilbert has an...
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South, West Drive Up U.S. Home Sales
Jun 23rd, 11:47am
A surge in new home sales in the South and the West was enough to offset a plunge in residential sales in the Northeast and Midwest.On a...
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A few Comments on May New Home Sales
Jun 23rd, 11:31am
New home sales for May were reported at 610,000 on a seasonally adjusted annual rate basis (SAAR). This was above the consensus forecast,...
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US Treasurys trade flat after data, Fed speeches in focus
Jun 23rd, 10:51am
U.S. government debt prices were lower on Friday, as investors geared up for a slew of data releases and speeches by U.S. Federal Reserve...
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Top Latino Mortgage Originator Is At PrimeLending
Jun 23rd, 10:40am
The latest ranking of Latino mortgage originators is out, and PrimeLending is the employer of the No. 1 producer. The overall group nudged up...
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Why Can't They Build More Homes Where the Jobs Are? - Bloomberg
Jun 23rd, 10:26am
Bloomberg Why Can't They Build More Homes Where the Jobs Are? Bloomberg Californian cities in particular are failing to add new inventory...
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The Fed: Fed's Bullard says time for Fed to pause on rate hikes
Jun 23rd, 10:25am
St. Louis Fed President James Bullard said Friday the U.S. central bank should stop raising rates and ‘wait and see' how developments play out in...
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Last place left where investors are flocking to active ETFs: Bonds
Jun 23rd, 9:48am
The most popular actively managed ETFs this year tell a story that's not as much about investors chasing outsized performance as it is about ETFs...
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Median sale price rises to highest on record
Jun 23rd, 9:47am
CNBC's Diana Olick reports the latest data on...
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New Home Sales Rebound; Prices Crush Previous Record
Jun 23rd, 9:46am
Posted To: MND NewsWireThe report on May new home sales, released this morning, paints a much brighter picture than last month's release of...
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New home sales (May) up 2.9% vs. 3.7% est.
Jun 23rd, 9:30am
CNBC's Rick Santelli reports the latest data...
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Opening up marketplace on flood insurance
Jun 23rd, 9:16am
CNBC's Morgan Brennan reports possible...
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Brexit: One Year Later
Jun 23rd, 9:15am
Peter Spiegel of the Financial Times discusses the...
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Legal and Compliance News - Servicing Enforcement Action
Jun 23rd, 9:13am
Posted To: Pipeline PressRumors continue to swirl, this time about Orange County’s Americash. Yes, the drop in refi volume is showing, and...
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MBS Day Ahead: Bond Traders Eyeing The Exits As Flat Week Winds Down
Jun 23rd, 7:59am
Posted To: MBS CommentaryYou've heard of "innocent until proven guilty." This week of trading in bond markets has been "flat...
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Freddie Mac Issues Monthly Volume Summary for May 2017
Jun 23rd, 7:39am
Freddie Mac Issues Monthly Volume Summary for May 2017...Read More
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Lender Launches Homecoming Campaign To Reunite Separated Military Families
Jun 23rd, 7:38am
Embrace Home Loans announced the launch of its Embrace Coming Home campaign. Inspired by the dedication and commitment soldiers give to our...
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Vendor Launches Comprehensive Additional Parcel Search Solution
Jun 23rd, 7:33am
LERETA, a national real estate tax and flood service provider, has launched its Additional Parcel Search Solution, a proprietary new solution that...
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9-Yr Low for Freddie's Single-Family Delinquency
Jun 22nd, 6:41pm
Residential loan delinquency again turned lower at the Federal Home Loan Mortgage Corp., this time to the lowest level in nearly a decade.The...
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Mortgage Rates Dip, Should Stay Down
Jun 22nd, 5:14pm
Fixed mortgage rates slipped and aren't expected to move much at least until 2018. Home loans for veterans have the lowest average...
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MBS RECAP: Bonds Modestly Stronger, But Sideways Theme Remains
Jun 22nd, 3:43pm
Posted To: MBS CommentaryYesterday's recap went into some detail about the market phenomenon that can result in intense periods of sideways...
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Mortgage Rates Sideways to Slightly Lower
Jun 22nd, 2:50pm
Posted To: Mortgage Rate WatchMortgage rates have been so little-changed in recent days that yesterday's coverage wouldn't need to be changed in...
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U.S. Demographics: The Millennials Take Over
Jun 22nd, 2:18pm
From the Census Bureau The Nation's Older Population Is Still Growing, Census Bureau Reports New detailed estimates show the nation's median age -...
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Falling mortgage rates and rising home prices make for attractive refinancing combo
Jun 22nd, 2:18pm
CNBC's Diana Olick reports on lower mortgage...
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Santelli Exchange: Rising risks for the US economy
Jun 22nd, 1:09pm
Merion Capital Group's Richard Farr and...
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Home Capital's shares surge as Buffett rides to rescue
Jun 22nd, 1:08pm
TORONTO (Reuters) - Warren Buffett's Berkshire Hathaway Inc is providing a C$2 billion loan to Home Capital Group Inc and taking a 38 percent...
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Here's why one trader is selling the bond rally
Jun 22nd, 1:08pm
Trading Treasurys now, with CNBC's Jackie...
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Mortgage Servicing, Staffing Expand at Caliber
Jun 22nd, 12:40pm
Over at Caliber Home Loans Inc., staffing has expanded by more than 1,500 employees during the past 12 months. Also expanding was its mortgage...
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Kansas City Fed: Regional Manufacturing Activity "Expanded Further" in June
Jun 22nd, 10:14am
From the Kansas City Fed: Tenth District Manufacturing Activity Expanded Further The Federal Reserve Bank of Kansas City released the June...
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Decade Low for Serious Mortgage Delinquency
Jun 22nd, 10:13am
A decade has elapsed since the rate of serious mortgage delinquency was as low as it was in May. The foreclosure rate also fell to a 10-year...
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Lender Supports Financial Literacy
Jun 22nd, 9:28am
Churchill Mortgage announced the winner of its $5,000 nationwide sweepstakes, which was developed in recognition of Financial Literacy Month...
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Better Automation Solves A Lot Of Problems
Jun 22nd, 9:23am
Technology is not the enemy. Technology should be a lender’s friend. And technology can solve a lot of problems. For example, Longbridge...
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FHFA Home Prices Continue Strong Gains
Jun 22nd, 8:38am
April data from the Federal Housing Finance Agency (FHFA) indicates that, once again, there was no moderation in the pace of home price increases....
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Bond Report: Treasurys steady as jobless-claims data extend streak of strong reports
Jun 22nd, 8:24am
were looking mixed for the week, as investors digested talk from Federal Reserve speakers amid a downdraft for crude-oil prices that was putting...
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Initial jobless claims up 3K to 241,000
Jun 22nd, 8:19am
CNBC's Rick Santelli breaks down the latest...
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Prepayment Rate and Refinanceable Population Have Both Soared
Jun 22nd, 8:18am
Prepayments, apparently spurred by the recent retreat in interest rates, soared in May. Black Knight Financial Services, in its "first look" at...
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Purchase Loans, Closing Rates Improved in May
Jun 22nd, 8:17am
Originations are increasingly tilted toward home purchase mortgages per the latest Origination Insight Report from Ellie Mae.  The May data...
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Multiple Vendor Updates; Internal Audit Service; Alight Raising Capital
Jun 22nd, 7:58am
This week’s Sindeo's closure reminds lenders of the basic premise: if you didn't make money in 2016, what makes 2017 any different?...
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MBS Day Ahead: Clearly a Waiting Game, but For How Long?
Jun 22nd, 7:53am
With the trading activity seen in the wake of last Wednesday's high-volume/high-movement day, it's clear that bond markets have been in a...
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Why some investors cling to bonds
Jun 22nd, 7:34am
Richard Turnill, BlackRock explains why some...
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Top-Heavy US Housing Market Is Crowding Out the Little Guys - Bloomberg
Jun 22nd, 7:30am
Bloomberg Top-Heavy US Housing Market Is Crowding Out the Little Guys Bloomberg Beneath a steady May existing home-sales number that helped put to...
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The pros and cons of paying off your mortgage before retirement
Jun 22nd, 7:29am
Should retirees pay off their mortgage? The strategy depends on taxes, asset/income levels and attitude toward debt....Read More
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Real Estate Tech Startup Homie Expands Into Mortgage Lending
Jun 22nd, 7:29am
Homie, a real estate tech startup based in Utah, already claims it can offer the lowest interest rates in the state....Read More
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Small Portfolio of Fannie Mae Loans Sold
Jun 21st, 6:05pm
A small portfolio of non-performing single-family loans that are owned by the Federal National Mortgage Association has been auctioned off.The...
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100s of Mortgage-Related Hirings in Florida
Jun 21st, 5:13pm
Hundreds of hirings are planned for a mortgage service provider that is opening up a location in Florida next month.Genpact -- which provides a...
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Mortgage Rates are Barely Budging (And That's Great!)
Jun 21st, 4:30pm
Mortgage rates have been locked in an exceptionally narrow range for most of the month of June, but especially over the past 5 days. Given that...
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Record Prices, Market Time as Existing Home Sales Up
Jun 21st, 4:28pm
Monthly sales of pre-owned residential properties rose. Record prices are being paid for existing homes as properties fly off the market. Time on...
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MBS RECAP: Summertime Sideways
Jun 21st, 3:50pm
With the taper tantrum in 2013 and Brexit in 2016, two of our most recent examples of summertime bond trading have been pulled very far from...
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Fed open to reducing regulatory burdens on banks, Powell says
Jun 21st, 3:06pm
U.S. banks today "are as strong as any in the world" allowing the U.S. central bank to look for ways to reduce unnecessary burdens on the sector,...
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'Substantial risk' that Fed is about to make a serious mistake, Pimco advisor says
Jun 21st, 3:05pm
Now that the Fed has started to hike interest rates, the central bank is under increasing fire for moving too soon....Read More
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Philly Fed: State Coincident Indexes increased in 36 states in May
Jun 21st, 3:04pm
From the Philly Fed : The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for May 2017. Over the past...
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Nationstar Mortgage Adding 500 U.S. Jobs
Jun 21st, 2:49pm
Five hundred U.S. home lending jobs are being created by Nationstar Mortgage LLC as the company changes its staffing strategy.The Dallas-based...
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Mortgage Rates are Barely Budging (And That's Great!)
Jun 21st, 2:11pm
Posted To: Mortgage Rate WatchMortgage rates have been locked in an exceptionally narrow range for most of the month of June, but especially over...
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Refi Share Thins, Conventional Metrics Strong
Jun 21st, 1:36pm
Refinances accounted for a smaller share of last month's home lending. Conventional refinance share was the widest. Conventional closing rates...
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Fed policymaker rejects criticism of rate rise decision
Jun 21st, 1:27pm
Philadelphia central bank President Patrick Harker argues for "pause" during balance sheet reduction, Financial Times...
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Fed's Harker says plan to start to shrink balance sheet could start in September
Jun 21st, 1:20pm
Philadelphia Fed President Patrick Harker on Wednesday said the September meeting could be a good time for the U.S. central bank to begin the...
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Credit reporting standards for civil judgments and tax liens to change July 1
Jun 21st, 1:19pm
An informative new American Banker podcast discusses recent and possible future changes to traditional credit scores, what they mean for...
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US oil falls 3%, hits lowest level since August
Jun 21st, 12:20pm
Oil rose, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997....Read More
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A Few Comments on May Existing Home Sales
Jun 21st, 11:44am
Earlier: NAR: "Existing-Home Sales Rise 1.1 Percent in May" Two key points: 1) As usual, housing economist Tom Lawler's forecast was...
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Ditech Unloading Servicing on HELOCs
Jun 21st, 11:34am
The servicing of thousands of active home-equity lines of credit that are securitized is being transferred from Ditech Financial LLC next month.In...
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Divide widens between housing haves and have-nots
Jun 21st, 10:58am
The median price of an existing home sold in May set a record high, but it's not the price itself that is so stunning....Read More
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Mortgage Apps Inch Up Despite Purchase Slowdown
Jun 21st, 10:55am
A modest up tick in applications for mortgages was driven by accelerating refinance activity. But applications for home purchase financing turned...
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May Buyers Rush Past Market Challenges
Jun 21st, 10:36am
Existing home sales increased 1.1% in May, and 55% of homes sold last month were on the market less than a month as buyers overcame low inventory...
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Ensuring Total UCD Compliance
Jun 21st, 10:24am
DocMagic, Inc. has announced that its technologies are now capable of supporting both phases of the upcoming UCD (Uniform Closing Dataset)...
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Castle & Cooke Mortgage Opens Escondido Branch
Jun 21st, 10:10am
Castle & Cooke Mortgage, LLC, an independent mortgage lenders with locations across the U.S., announced the opening of its Escondido, CA...
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Marketplace Home Lender Closing Down
Jun 21st, 9:49am
A four-year-old marketplace home lender that was created to transform the manual mortgage process is closing down. Among the factors cited for the...
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May existing home sales up 1.1%
Jun 21st, 9:34am
CNBC's Diana Olick reports the latest read on...
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Existing Home Sales Modestly Higher in May
Jun 21st, 9:22am
Existing Home Sales were slightly stronger than expected in May, according to the National Association of Realtors.  Here are the preliminary...
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Existing Sales Rise, Prices Peak, Time-to-Sell at New Low
Jun 21st, 9:22am
Existing home sales weren't expected to strengthen in May, in fact analysts were looking for a slight decline. Sales however did manage to recover...
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AIA: Architecture Billings Index positive in May
Jun 21st, 8:35am
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Design billings maintain solid...
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After weeks of secrecy, US Senate to unveil health-care bill
Jun 21st, 8:32am
U.S. Senate Republicans plan to unveil the text of...
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Borrower Satisfaction Survey; CRT's Help in Secondary; Credit Risk Increasing in Primary Market
Jun 21st, 8:30am
Welcome to the first day of summer. Hey, I don’t where you’re going to be exactly two months from now, but on August 21, besides...
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Refis Take Another Step Toward 50% of All Mortgage Apps
Jun 21st, 8:21am
Posted To: MND NewsWireThe volume of applications for refinancing expanded for the third consecutive time during the week ended June 16. The...
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MBS Day Ahead: Oil's Impact on Markets: a Slippery Slope
Jun 21st, 8:17am
Here we are again with oil falling into new lows for the year and suddenly, it's the inspiration for everything according to most mainstream...
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Richard Fisher: Monetary policy no longer 'the only game in town'
Jun 21st, 7:41am
Former Dallas Fed President Richard Fisher,...
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Richard Fisher: Fed's job is not to bail out financial markets
Jun 21st, 7:41am
Former Dallas Fed President Richard Fisher,...
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Crude prices fall below $43
Jun 21st, 7:41am
CNBC's Jackie DeAngelis provides insight to oil...
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Home sales data could present a warning sign to the Fed
Jun 21st, 7:40am
Boris Schlossberg of BK Asset Management breaks down three key items he is watching for on Wednesday....Read More
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Nearly $300 Million in Freddie Mac Loans Sold
Jun 20th, 4:53pm
Nearly $300 million in re-performing and moderately delinquent single-family mortgages have been sold with a securitization to follow.The...
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Mortgage Firms Recognized as Great Employers
Jun 20th, 4:08pm
Several mortgage banking firms have been recognized as some of the best employers in their communities. One has been designated as the best...
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MBS RECAP: Bonds Erase Yesterday's Weakness Without Much Help
Jun 20th, 3:54pm
Posted To: MBS CommentaryToday had no significant news or events on the calendar, thus leaving traders to watch other traders for cues. To some...
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Property Services Firm Looks To Mobile Technology
Jun 20th, 3:17pm
Purdy Enterprise, a property services firm, has selected FotoNotes, a provider of mobile and cloud field service management platform, as its...
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Newfi Wholesale Expands To Utah
Jun 20th, 2:49pm
Newfi Lending, a technology-enabled residential mortgage lender and portfolio company of Warburg Pincus, has expanded Newfi Wholesale into Utah....
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Rates Fall Slightly to Remain Near 8-Month Lows
Jun 20th, 2:44pm
Posted To: Mortgage Rate WatchMortgage rates were steady to slightly lower today, with underlying bond markets essentially erasing the damage seen...
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Mnuchin: White House won't rule out a second term for Fed's Janet Yellen
Jun 20th, 1:26pm
Treasury Secretary Steven Mnuchin on Tuesday left the door open for President Trump to ask Federal Reserve Chairwoman Janet Yellen to stay on for...
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Santelli Exchange: Yield curve flattening
Jun 20th, 12:01pm
Brean Capital's Peter Tchir & CNBC's...
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Mnuchin Says Ultra-Long Bond Program Wouldn't Be a One-Off
Jun 20th, 11:50am
Bloomberg Mnuchin Says Ultra-Long Bond Program Wouldn't Be a One-Off Bloomberg U.S. Treasury Secretary Steven Mnuchin talks about...
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Mortgage Credit Risk Rises as Rates Increase
Jun 20th, 11:46am
After declining to the lowest level of any quarter during the prior 16 years, credit risk on new single-family loans rose. Rising rates...
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We haven't seen full effect of Fed rate hikes: David Rosenburg
Jun 20th, 11:43am
David Rosenberg, chief economist and strategist at...
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The Fed: Fed's Evans suggests his support for another rate hike is no slam dunk
Jun 20th, 11:22am
Chicago Fed President Charles Evans said Tuesday his support for another interest-rate hike this year is not a given....Read More
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Delinquency Down on 1st Mortgages, Up on 2nds
Jun 20th, 10:35am
Serious delinquency on first-lien home loans took a nice tumble last month. But the same can't be said for the past-due rate on second...
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Federal Reserve Board announces termination of enforcement action with JP Morgan Chase & Co.
Jun 20th, 10:22am
Federal Reserve Board announces termination of enforcement action with JP Morgan Chase & Co....Read More
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Fed's Evans: Recent inflation data did make me nervous
Jun 20th, 10:13am
Federal Reserve of Chicago President Charles Evans...
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Rise in Purchase Mortgages Boosts Credit Risk
Jun 20th, 9:20am
Posted To: MND NewsWireNew home purchase mortgages became a little riskier in the first quarter of 2017 per CoreLogic. The company said its...
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MBA Objects to FHFA Non-Bank Servicer Proposal
Jun 20th, 8:43am
Posted To: MND NewsWireMortgage Bankers Association President and CEO David H. Stevens, has released a statement objecting to one of the three...
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Hedging Economic Bets
Jun 20th, 8:42am
Posted To: MND NewsWireFannie Mae's Economic and Strategic Research Team hedged a few bets in its June economic summary. It laid out some wild...
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Reverse Mortgage Primer; LO Jobs and Products
Jun 20th, 8:28am
“People who don’t give up attract other people’s attention.” As do people whose humor is stuck in 4th grade – like...
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MBS Day Ahead: Still Fighting to Hold The Range
Jun 20th, 8:08am
The week continues to offer little by way of scheduled economic data/events to stir the pot, thus leaving us to observe the underlying biases...
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Fed's Fischer says he's worried memories are fading about housing's pivotal role in f
Jun 20th, 7:50am
Federal Reserve Vice Chairman Stanley Fischer said Tuesday that he was worried memories might be fading about the pivotal role that housing played...
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CoreLogic Reports Mortgage Credit Risk Edges Up Slightly
Jun 20th, 7:49am
—Credit Risk for New Loans Similar to Early 2000s— Shift to a higher percentage of home-purchase loans over refinance loans...
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HUD Report Calls for Greater Action to Reduce Injuries to Seniors in the Home
Jun 20th, 7:49am
WASHINGTON - Approximately one-third of adults age 65 years or older fall in their home, resulting in injury, long-term disability and premature...
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Lennar's profit beats as home sales gain steam
Jun 20th, 7:48am
Lennar, the No. 2 U.S. homebuilder, reported a higher-than-expected quarterly profit, as it sold more homes at higher prices....Read More
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Treasury Secretary Mnuchin on tax reform, debt
Jun 20th, 7:48am
U.S. Treasury Secretary Steven Mnuchin talks about...
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Treasury Secretary Mnuchin says Fed doing the right thing by winding down its balance sheet
Jun 20th, 7:48am
U.S. Treasury Secretary Steve Mnuchin speaks with...
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Q2 GDP Forecasts being Revised Down
Jun 19th, 10:05pm
From Merrill Lynch: Housing starts were a big disappointment in May, plunging 5.5% to 1,092k saar from 1,156k in April. ... Feeding the data into...
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Another part of the real estate market is starting to crumble
Jun 19th, 10:05pm
Landlords may have finally pushed apartment tenants to the limit of what they can afford, says John Coumarianos....Read More
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Fed's Dudley confident U.S. inflation should rebound with wages
Jun 19th, 10:05pm
PLATTSBURG, NY (Reuters) - U.S. inflation is a bit low but should rebound alongside wages as the labor market continues to improve, an influential...
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Home Builders, Home Sellers Suddenly Shy
Jun 19th, 10:04pm
Steadily rising construction of new homes has given a jolt of adrenaline to the economy, but a building slowdown raises questions. The post Home...
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MBS RECAP: Fed's Dudley Smacks Down Bond Bulls
Jun 19th, 4:06pm
Right out of the gate this morning, NY Fed President William Dudley set a rather negative tone for bond markets with several comments that...
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Mortgage Marketing Moves Forward
Jun 19th, 4:05pm
Mortgage industry service providers are helping home lenders with their marketing and advertising. Meanwhile, two credit unions won marketing...
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Mortgage Rates Fairly Steady to Begin Week
Jun 19th, 3:17pm
Posted To: Mortgage Rate WatchMortgage rates were mostly flat again today, despite bond market weakness (lower bond prices generally mean higher...
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Purchases Drive Up Monthly Home Lending
Jun 19th, 2:58pm
A significant month-over-month increase in the volume of purchase-money lending was behind an increase in overall mortgage production.U.S....
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PHH Closes On Sale of MSRs
Jun 19th, 2:08pm
A previously announced agreement for PHH Corp.  to sell mortgage servicing right on government-sponsored enterprise residential loans has...
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2017 Refinance Forecast Raised By Fannie
Jun 19th, 11:21am
In addition to raising its estimate of first-quarter refinances, Fannie Mae boosted its forecast for refinance production during the following two...
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Tear-Downs Accounted for 10% of 2016 Housing Starts
Jun 19th, 9:58am
In some areas, they are called "scrape-offs," but the usual term is tear-down; demolishing an existing home to build a new one in its place....
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Fed's Dudley says he's not paying attention to bond market's signals of concerns
Jun 19th, 8:40am
New York Fed President William Dudley said Monday that the economy is in pretty good shape and he is not paying much attention to signals of...
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MBS Day Ahead: Bonds Still in Limbo, Despite Recent Victories
Jun 19th, 8:40am
Posted To: MBS CommentaryThe past 3 trading sessions marked 3 of the 5 lowest closes for 10yr yields in 2017. Friday's strength did a nice job...
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All-America Survey: Economic optimism near all-time high
Jun 19th, 8:39am
In CNBC's exclusive All-America Economic...
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Upcoming Events; M&A Discussion; Jobs and Housing Driving Rates?
Jun 19th, 7:59am
Posted To: Pipeline PressWinston Churchill said that, “If the present tries to sit in judgement on the past, it will lose the future.”...
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Increased rates could 'wreck' economy: Mark Grant
Jun 19th, 7:52am
Mark Grant, Hilltop Securities, doesn't think...
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Million-Dollar Housing Boom: Cities Where Seven-Figure Listings Have Skyrocketed
Jun 19th, 7:52am
With a housing shortage pushing prices higher, the share of homes listed for $1 million and over has been on the rise-nowhere faster than these...
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NAHB Estimates 79,000 Single-family Tear-down Starts in 2016
Jun 19th, 7:50am
Roughly 10.2% of single-family homes started in 2016 qualify as tear-down starts, up from 7.7% in 2016, according to the latest estimates from...
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This week: Big news on banks and the housing market
Jun 19th, 7:50am
This week, the Fed will explain itself. Plus, reports on the health of big banks, the housing market and more....Read More
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Are bond markets turning on the White House?
Jun 19th, 7:48am
It's not a good idea to dismiss the falling bond yields in reaction to the Fed's difficult work of steering the U.S. economy in an environment of...
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Bond Traders Still Come Out as Winners After Four Fed Rate Hikes
Jun 19th, 7:48am
Bloomberg Bond Traders Still Come Out as Winners After Four Fed Rate Hikes Bloomberg It's been 18 months since the Federal...
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Conventional Drives Mortgage Business Higher
Jun 16th, 4:15pm
A week-over-week surge in conventional activity was the primary driver of a rise in new mortgage business, though cashout refinance and...
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MBS RECAP: Negative Housing Sets Positive Tone for Bonds
Jun 16th, 4:04pm
Posted To: MBS CommentaryToday was destined to be a sideways grind at slightly weaker levels for bond markets. This would have extended the theme...
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Weak inflation erodes conviction at Fed on rate hikes
Jun 16th, 3:57pm
DALLAS/WASHINGTON (Reuters) - When the Federal Reserve raised rates earlier this week, Fed Chair Janet Yellen expressed confidence that recent...
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Freddie Mac Announces Pricing of $198 Million Multifamily Small Balance Loan Securitization
Jun 16th, 3:57pm
Freddie Mac Announces Pricing of $198 Million Multifamily Small Balance Loan Securitization...Read More
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Mortgage Rates Holding Most of Their Recent Gains
Jun 16th, 3:37pm
Posted To: Mortgage Rate WatchMortgage rates were flat today, after weaker-than-expected construction data prompted a positive bounce for bond...
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Fed should be cautious on further rate hikes, Kaplan says
Jun 16th, 1:56pm
The Fed should be cautious about any further rate hikes, Dallas Fed President Robert Kaplan said, just two days after he voted to raise...
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Amazon deal is another element of bringing costs down: Insana
Jun 16th, 1:47pm
CNBC contributor Ron Insana; Luciano Siracusano,...
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Radian Relaxes LTV Ratios
Jun 16th, 1:42pm
Radian Guaranty Inc. has increased the allowable maximum loan-to-value ratio on some of its mortgage insurance products.The Philadelphia-based...
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From Reagan top to Trump bottom? A presidential chart of the 10-year yield
Jun 16th, 1:33pm
If a multi-presidential-term chart of the U.S. 10-year Treasury yield is any indication, a bottom for the 10-year Treasury note yield may be in...
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US Consumer-Sentiment Drop Shows Post-Election Bump Fading
Jun 16th, 1:24pm
US Consumer-Sentiment Drop Shows Post-Election Bump Fading Bloomberg The biggest drop in U.S. consumer sentiment since October represents a break...
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Negative-yielding government debt 'supernova' jumps to $9.5 trillion
Jun 16th, 12:58pm
A slew of factors converged in May to send the global total to $9.5 trillion of sovereign debt....Read More
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Credit Unions Gain Mortgage Market Share
Jun 16th, 12:03pm
As the quarterly volume of residential loan production sank, credit unions successfully captured a bigger piece of the U.S. mortgage...
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GSE Approves New eMortgage Technology Solution Provider
Jun 16th, 11:25am
NotaryCam, Inc., a provider of online notary and mortgage eClosing services, announced that the company’s eClose360 online notary platform...
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U.S. housing starts hit eight-month low; building permits weak
Jun 16th, 11:13am
WASHINGTON (Reuters) - U.S. homebuilding fell for a third straight month in May to the lowest level in eight months as construction activity...
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The Look And Feel Of Technology Matters
Jun 16th, 11:10am
Legacy technology is old and outdated, yet it permitted our industry. Technology has to have a great GUI these days to help our industry progress...
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The Fed: Fed's Kashkari says he didn't agree with Yellen that soft inflation is due to &am
Jun 16th, 10:32am
Minneapolis Fed President Neel Kashkari said Friday he voted against an interest rate hike this week because he didn't think soft inflation was...
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Completed Construction Up But New Activity Down
Jun 16th, 9:52am
The completion of new housing units strengthened last month. But new construction slowed, and multifamily dragged down permits.Permit issuing...
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BLS: Unemployment Rates Lower in 9 states in May, Four States at New Series Lows
Jun 16th, 9:47am
From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in May in 9 states , higher in 3 states, and...
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Best bets in housing: Analyst
Jun 16th, 9:09am
Will Randow, Citi homebuilding analyst, shares...
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Drop in Housing Starts Could Intensify Inventory Issues
Jun 16th, 9:09am
Posted To: MND NewsWireBoth permits for construction of privately-owned housing units and beginning construction in May were well below...
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May housing starts down 5.5% vs. up 3.5% est.
Jun 16th, 8:18am
CNBC's Rick Santelli, sifts throught the latest...
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States Changing Lending and Foreclosure Laws; Housing Starts
Jun 16th, 8:17am
What are we going to be talking about this summer? One topic is the economy, and the thought that rising short-term rates are a signal that the...
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The Fed wants to go on 'auto-pilot': Look out for storm clouds ahead
Jun 16th, 8:13am
If Janet Yellen has her way, the Fed she chairs is about to go from the center of the universe to a mere afterthought....Read More
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The Man Who Ran the Bank Bailout Is the Fed's Toughest Internal Critic
Jun 16th, 8:12am
Bloomberg The Man Who Ran the Bank Bailout Is the Fed's Toughest Internal Critic Bloomberg "How can this group of really smart people who...
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Is the Fed ready to consider lifting its inflation target?
Jun 16th, 8:12am
WASHINGTON (Reuters) - Years of tepid economic recovery have Fed Chair Janet Yellen and other central bankers considering what was once...
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MBS Day Ahead: Bonds May Not Decide Much Today, And That Would be a Good Thing
Jun 16th, 8:09am
Bond markets may not give a stellar performance today, offering resounding confirmation of an ongoing rally.  Conversely, they're not...
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Harvard Report Raises Housing Supply, Affordability Issues
Jun 16th, 7:54am
The Joint Center for Housing Studies (JCHS) at Harvard University has released its latest report on the State of the Nation's Housing. The report,...
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US Treasurys lower as investors continue to respond to the Fed's bond holding cuts
Jun 16th, 7:43am
U.S. government debt prices were lower on Friday morning as investors continued to digest the Federal Reserve's latest interest rate hike and...
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US housing starts total 1.092M in May vs 1.215M starts expected
Jun 16th, 7:42am
The number of new homes constructed in May was forecast to total 1.25 million, up marginally from the 1.23 million housing starts reported a month...
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Gartman: Take the Fed at its word
Jun 16th, 7:40am
Dennis Gartman of The Gartman Letter says the Fed...
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Increase in Mortgage Rates Likely to Be Reversed
Jun 15th, 4:52pm
Even though fixed interest rates on residential loans moved higher this past week, there is a good chance they will be lower in next week's...
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GSE Refis Sink to 3-Year Low, All-Time HARP Low
Jun 15th, 3:39pm
Government-supported refinance production plunged to the lowest level on record as overall refinances of government-sponsored enterprise loans...
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MBS RECAP: Post-Fed Weakness Brings Bonds Back to The Gap
Jun 15th, 3:26pm
To be fair to the Fed, they didn't really cause most of today's weakness.  Bond markets already showed their hand with respect to...
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Fewer Banks Offer Mortgages as Non-Banks Grow
Jun 15th, 2:34pm
The number of financial institutions offering mortgages has fallen, while non-bank providers are up. The shift pushed up non-bank loan officer...
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Mortgage Rates Bounce, But Remain Near Recent Lows
Jun 15th, 2:05pm
Mortgage rates rose moderately today, as bond markets generally bounced back from the best levels in 8 months yesterday.  Despite...
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Wells Fargo under fire for alleged mortgage changes
Jun 15th, 2:03pm
The New York Times' Gretchen Morgenson talks...
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MBA Survey Predicts Rebound in New Home Sales
Jun 15th, 1:58pm
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) is expecting May to provide an uptick in new home sales. Results of MBA's Builder...
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Fisher: Fed is going to move very slow and cautious
Jun 15th, 1:34pm
Richard Fisher, CNBC contributor and senior advisor...
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Sacramento Housing in May: Sales up 7%, Active Inventory down 14% YoY
Jun 15th, 1:34pm
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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The Controversy Over Inflation
Jun 15th, 1:34pm
This week, the Federal Reserve decided to raise interest rates, a move intended to slow the economy down. It makes some sense. The current spell...
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Genworth Relaxes Jumbo Credit Scores, LTVs
Jun 15th, 12:23pm
Relaxed jumbo requirements at Genworth Mortgage Insurance include higher loan-to-value ratios and lower credit scores. Some premiums were...
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Santelli Exchange: Bond funds on track for biggest inflow since 2009
Jun 15th, 11:45am
Informa TrimTabs' Charles Biderman &...
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The Fed's path toward 'normal'
Jun 15th, 11:45am
CNBC's Steve Liesman reports the fallout from...
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Tight Supply, Strong Demand Push Record-Setting Home Sales Pace . . . Again
Jun 15th, 11:22am
Posted To: MND NewsWireThe competition for housing is heating up along with the summer temperatures and continuing to set new records. The average...
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Why a 'bad year for bonds' has turned into a pretty good one
Jun 15th, 11:19am
Why Treasury bond yields didn't move in the direction the market would have expected after the Fed raised rates....Read More
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Art Cashin warns the Fed: 'Wake up,' the economy isn't as good as it looks
Jun 15th, 11:18am
"It's not that the economy is on life support but it's certainly not robust," UBS trader Art Cashin tells...
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Home Builder Confidence Dips
Jun 15th, 11:00am
A modest month-over-month decline in the confidence level of home builders was reported, though the sector is more optimistic than a year ago.An...
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NAHB Housing Market Index drops 2 points in June
Jun 15th, 9:31am
CNBC's Diana Olick reports the latest read on...
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Builder Confidence Declines on Labor/Lot Shortages
Jun 15th, 9:30am
Posted To: MND NewsWireBuilder confidence in the new home market appeared to take a tumble in June, per the latest survey conducted by the...
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Homebuilder confidence slips despite strong demand for new homes
Jun 15th, 9:08am
A monthly survey of builder sentiment fell two points in June to 67, and May's reading was revised down by one point....Read More
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May Housing Market Set New Records for Low Supply, Speed and Competition
Jun 15th, 9:01am
The median home sale price increased 6.8 percent in May to $288,000. Sales increased 7.5 percent compared to last year, a strong gain despite a...
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Industrial Production Unchanged in May
Jun 15th, 8:44am
From the Fed: Industrial production and Capacity Utilization Industrial production was unchanged in May following a large increase in April and...
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May industrial production comes in unchanged from previous month
Jun 15th, 8:41am
CNBC's Rick Santelli sifts throught the data...
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MBS Day Ahead: Big Discussion About Big-Picture Bond Market Trends
Jun 15th, 8:34am
Posted To: MBS CommentaryYesterday's rally was a potential game changer for the "great push back" of 2017 . That's not the...
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Bank M&A; EverBank & Wells Top the Headlines; Renovator Jobs On the Rise
Jun 15th, 8:34am
Posted To: Pipeline PressIn legal news, in Denver, the state's high court has ruled that HOAs can’t necessarily sue in construction defects...
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U.S. jobless claims fall; labor market slack diminishing
Jun 15th, 8:24am
WASHINGTON, June 15 (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, pointing to shrinking...
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Bond Report: Treasury yields try to climb from 2017 lows
Jun 15th, 8:23am
U.S. Treasury yields rise slightly on Thursday. with the 10-year benchmark note coming off its lowest level in 2017 after the Federal Reserve...
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CoreLogic Launches Storm Damage Identification Service
Jun 15th, 7:25am
— Property-specific data identifies homes damaged by wind and hail — CoreLogic ® (NYSE: CLGX), a leading global...
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Rate hike signals Fed on the path to 'normal': Steve Liesman
Jun 15th, 7:25am
CNBC's Steve Liesman, provides insight to the...
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Fearless Fed turns up the heat
Jun 15th, 7:25am
The Fed looked concerns of lower and weaker...
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Robert Shiller: Despite the Fed rate hike, I like stocks, not Treasurys
Jun 15th, 7:24am
Nobel Prize-winning economist Robert Shiller isn't getting spooked by rising rates or fresh stock market records, at least not yet....Read More
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Wells Fargo is accused of making improper changes to mortgages
Jun 15th, 7:23am
The bank denies allegations in lawsuits that it changed the loan terms of customers in bankruptcy without their knowledge, putting them at risk of...
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Couple Claims Victory in 10-Year-Old Foreclosure
Jun 14th, 5:57pm
After nearly a decade of fighting a foreclosure, a couple in the Empire State is claiming victory after their mortgage servicer missed an...
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Fed Funds Rate Raised
Jun 14th, 5:08pm
An increase by the Federal Reserve Board in a key interest rate was mostly expected and signals that the economy is recovering.On Wednesday, the...
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MBS RECAP: Bonds Rally on Data's Truth. Fed's Spin Mostly Ignored
Jun 14th, 4:34pm
Posted To: MBS CommentaryIn a weird way, today's Fed announcement came out right at 8:30am when Core CPI dropped to 1.7%, falling well short...
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Integrations Enhance Mortgage Pricing Engines
Jun 14th, 4:30pm
Recent enhancements to product eligibility and pricing engines include integrations with mortgage insurance companies and customer relationship...
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Record close Dow after Fed raises rates
Jun 14th, 4:23pm
CNBC's Mike Santoli talk to Jim Bianco,...
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Yellen: I don't think regulations have impeded credit growth
Jun 14th, 4:23pm
After the Federal Open Market Committee meeting,...
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Robert Shiller on the market
Jun 14th, 4:23pm
Robert Shiller, Yale professor of economics,...
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Markets doubt future rate hikes, disagree with Fed's glass half full view of economy
Jun 14th, 4:22pm
Doubting the Fed's ability to hike rates as forecast, the bond market is wrestling with the Fed over whether the economy reflects a glass half...
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Rates Drop to 8-Month Lows
Jun 14th, 4:10pm
Posted To: Mortgage Rate WatchMortgage rates fell convincingly today, though not all lenders adjusted rates sheets in proportion to the gains seen...
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Here's the Fed's new plan for shrinking its balance sheet
Jun 14th, 2:02pm
The Federal Reserve released a new plan on Wednesday on how it will how it will gradually shrink its $4.5 trillion balance sheet....Read More
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2-year Treasury note on pace for sharpest daily yield drop since Brexit
Jun 14th, 12:45pm
The 2-year Treasury yield tumbled 7.7 basis points to 1.290%, putting it on track for the largest one-day fall in yields since June 24, 2016, the...
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New Wholesaler Offers Conventional, Gov and Non-QM
Jun 14th, 12:45pm
A newly launched wholesale lending program will provide third-party originators with access to conventional products, government loans and reverse...
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Treasury Issues First Recommendations for Regulatory Reform
Jun 14th, 10:46am
The Treasury Department has released the first in what it describes as a series of reports to the President looking at the country's financial...
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US retail sales drop 0.3% in May vs 0.1% increase expected
Jun 14th, 10:23am
U.S. retail sales recorded their biggest drop in...
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Key Measures Show Inflation mostly below 2% in May
Jun 14th, 10:20am
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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CPI Slipped in May
Jun 14th, 10:00am
The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), slipped in May due to a decline in energy prices. The CPI...
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US businesses trim their stockpiles in April
Jun 14th, 9:06am
Economists were expecting business inventories to fall 0.2 percent for the month of April....Read More
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The Fed: Even after weak data, Fed still seen hiking rates — but not in September
Jun 14th, 8:39am
Weak reports on inflation and retail sales won't deter the Federal Reserve from hiking short-term interest rates later Wednesday....Read More
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Calyx Launches New Portfolio Underwriting Capability
Jun 14th, 8:35am
Calyx Software has launched Portfolio Underwriter, an automated underwriting system (AUS) from LoanScorecard. This service is now available to...
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Open Mortgage Launches A Wholesale Program
Jun 14th, 8:28am
Open Mortgage LLC, a provider of traditional and reverse mortgages throughout the United States, announced their expanded Wholesale Program for...
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U.S. retail sales post biggest drop in 16 months
Jun 14th, 8:04am
WASHINGTON, June 14 (Reuters) - U.S. retail sales recorded their biggest drop in more than a year in May amid declining purchases of motor...
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US consumer prices dip 0.1% in May
Jun 14th, 8:04am
The U.S. Consumer Price Index was forecast to rise 0.2 percent in May, after inching up 0.1 percent a month earlier....Read More
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Mortgage apps up 2.8% on back of refi
Jun 14th, 7:59am
CNBC's Diana Olick reports low interest rates...
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FHA,VA Updates; Tech and Processing; Morgan's Home Loan App Tool
Jun 14th, 7:59am
Depository banks are in the business to lend, and are now concerned about commercial lending. What do Cleveland, Memphis, and Chicago have in...
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MBS Day Ahead: All About The Fed's Rate Hike Expectations
Jun 14th, 7:32am
Posted To: MBS CommentaryIf you follow bond market movement for long enough, one thing becomes clear above all others: the Fed is the most...
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Refinance Re-awakes, Loan Size Highest in 9 Months
Jun 14th, 7:28am
Posted To: MND NewsWireAnother week of declining interest rates boosted refinance activity and sent overall mortgage activity higher during the...
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Refinances Reawaken, Loan Size Highest in 9 Months
Jun 14th, 7:28am
Another week of declining interest rates boosted refinance activity and sent overall mortgage activity higher during the week ended July 9. ...
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Yellen's Fed day dilemmas
Jun 14th, 7:26am
CNBC's Steve Liesman, provides a preview of the...
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Bond Market Volatility Drops to Taper-Tantrum Lows as Fed Meets
Jun 14th, 7:24am
Bloomberg Bond Market Volatility Drops to Taper-Tantrum Lows as Fed Meets Bloomberg Volatility in parts of the bond market is getting so low that...
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MBA: Mortgage Applications Increase in Latest Weekly Survey
Jun 14th, 7:23am
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.8 percent from one week earlier,...
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Variety of Upcoming Mortgage Events
Jun 13th, 5:54pm
Among dozens of upcoming mortgage-related conferences and workshops are events that will cover compliance, politics and technology. One event...
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Supreme Court Opinion Could Impact RESPA
Jun 13th, 4:26pm
An opinion issued by the nation's highest court in a case involving a defaulted car loan could impact the interpretation of the Real Estate...
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MBS RECAP: Bonds Sending Clear Message Ahead of Fed
Jun 13th, 3:55pm
Posted To: MBS CommentaryThe past 3 trading sessions have largely represented a consolidation in prices and yields, just off the best levels of...
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Here's what the market thinks the Fed has got wrong
Jun 13th, 2:51pm
The market's dispute with the Fed about the pace of interest rate hikes boils down to disagreement over inflation outlook....Read More
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Does Anyone Remember How to Make a Subprime Mortgage?
Jun 13th, 2:50pm
Brokers willing to learn the lost art of making risky mortgages are in demand again. Now, small and midsize independent lenders want the brokers...
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Recent Mortgage Rate Stability Could Change Tomorrow
Jun 13th, 2:20pm
Mortgage rates moved modestly higher today, for most lenders.  This had more to do with yesterday's market movement than...
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Early-Stage Delinquencies Lowest in More Than 17 Years
Jun 13th, 2:00pm
Posted To: MND NewsWireCoreLogic reports that mortgage delinquencies in March were at a 10 year low. The company's Loan Performance Insights...
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Fannie Addresses Credit Report Changes
Jun 13th, 1:49pm
Changes next month by the credit reporting agencies aren't expected to have a significant impact on Fannie Mae's policies or requirements.In July,...
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Integration Makes Lender And Borrower Collaboration More Effortless
Jun 13th, 12:30pm
As mortgage lenders increasingly invest in modernizing their technology experience, Maxwell, a provider of digital mortgage automation software...
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Optimal Blue Partners With New POS To Transform The Mortgage Process
Jun 13th, 12:24pm
Optimal Blue has partnered with Capsilon Corporation to provide a unique digital mortgage experience with highly accurate, real-time product...
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$3 Billion in Reperforming GSE Mortgages Sold
Jun 13th, 12:20pm
A $3 billion portfolio of government-sponsored enterprise single-family loans that are reperforming has been successfully sold through an...
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Yellen may be ‘forceful' in press conference when defending Fed&#
Jun 13th, 11:46am
Fed chief Janet Yellen will use her press conference to push back on the market's skepticism about the economy, and the central bank's plans to...
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Trump reportedly told Yellen he considers her a 'low-interest-rate' person like himself
Jun 13th, 11:46am
President Trump met with Fed Chair Janet Yellen and National Economic Council Director Gary Cohn, according to the Wall Street Journal, citing...
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Bill Gross says all financial markets are 'increasingly at risk'
Jun 13th, 11:28am
Bond investor Bill Gross warned that monetary policy has exacerbated a disconnect in the economy....Read More
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10-Year Low for Serious Mortgage Delinquency
Jun 13th, 10:23am
It's been nearly a decade since the rate of serious mortgage delinquency has been this low. Early stage delinquency, meanwhile, sank to a 17-year...
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Markets want the Fed to answer a $4.5 trillion question
Jun 13th, 9:36am
As the Fed starts its two-day meeting Tuesday,...
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HUD Secretary Ben Carson says praise of Trump at Cabinet meeting was 'totally spontaneous'
Jun 13th, 9:19am
Administration officials were not instructed to shower Trump with compliments at the Cabinet meeting, Ben Carson says....Read More
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Treasury yields tick up as Wall Street braces for updated Fed monetary policy
Jun 13th, 9:19am
U.S. Treasury yields edges slightly higher Tuesday as the Federal Reserve is set to commence its two-day policy convention concluding with an...
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HUD's Ben Carson on the state of housing and health care
Jun 13th, 8:56am
Ben Carson, HUD secretary, provides insight to the...
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US Treasury unveils financial reforms, critics attack
Jun 13th, 8:56am
The Treasury unveiled a sweeping plan to upend the...
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Upcoming Training and Events; Capital Markets Exec on Closing Loans in This Market
Jun 13th, 8:02am
How do you like these two headlines today, good news/bad news for lenders? “Fed set to shrink huge bond portfolio, pushing up interest...
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US Economic Confidence Index Steady at +4
Jun 13th, 7:57am
Americans' confidence in the U.S. economy remained slightly positive last week, with Gallup's U.S. Economic Confidence Index at +4 for the week...
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Ben Carson: Home-ownership remains the principal way to build wealth
Jun 13th, 7:56am
Ben Carson, HUD secretary, shares insight to the...
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US Producer Price Index was unchanged in May, as expected
Jun 13th, 7:56am
Inflation at the wholesale level stayed unchanged in May as food and energy prices slipped....Read More
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MBS Day Ahead: Last Day of Moderate Data/Events Before Things Get Serious
Jun 13th, 7:47am
While we do have some economic data to get through today (Producer Prices, which are already out stronger than expected, and the afternoon's...
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Fed 'ideally' wants to get to 3% fed funds rate: Expert
Jun 13th, 7:26am
Peter Boockvar, The Lindsey Group, and Michelle...
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Barriers for Millennial Home Buyers
Jun 13th, 7:25am
This commentary takes a look at how the millennials will impact real estate....Read More
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The 15 hottest housing markets in the U.S.
Jun 13th, 7:24am
If you're looking to buy in one of these markets, competition could be fierce....Read More
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Fed to Leave $1 Trillion Question Unanswered in Big Bond Unwind
Jun 13th, 7:24am
Fed to Leave $1 Trillion Question Unanswered in Big Bond Unwind Bloomberg Janet Yellen's Federal Reserve is getting ready to set off on a...
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CoreLogic Reports Mortgage Delinquencies Dropped to a 10-Year Low in March 2017
Jun 13th, 7:23am
Delinquent Mortgages, Early-Stage Delinquencies and Foreclosure Rates All Experienced Year-Over-Year Declines Positive Trends Expected to Continue...
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Mobile Mortgage Lending Advances
Jun 12th, 6:42pm
Mobile mortgage applications have recently been developed for credit unions and foreign national borrowers as well as real estate agents and home...
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Mortgage Bankers Lift Q3 Refi Forecast
Jun 12th, 6:13pm
Mortgage bankers have grown slightly more optimistic about their expectations for refinance originations during the third quarter of this...
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MBS RECAP: Auction Results = Offsetting Penalties For Bonds
Jun 12th, 4:16pm
Today's bond trading was largely a story of the 3yr Treasury auction vs the 10yr Treasury auction.  Both of these are used to...
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Mortgage Rates Steady-to-Higher as Busy Week Begins
Jun 12th, 3:46pm
Mortgage rates were either flat or slightly higher, depending on the lender today.  Movement in underlying bond markets suggested a...
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US budget deficit jumps in May as spending outpaces revenue
Jun 12th, 3:40pm
The deficit rose to $88.4 billion in May from $53 billion a year earlier, as government spending rose at a faster pace than revenue....Read More
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US Investors Taking Basic Steps to Build, Protect Finances
Jun 12th, 3:40pm
Majorities of U.S. investors are taking each of eight actions that can contribute to financial health, but they are far more likely to be doing...
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Secret Service reportedly has no Trump tapes
Jun 12th, 3:39pm
If President Donald Trump recorded his White House conversations, the Secret Service does not have the tapes....Read More
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FDIC Consumer News Issues Warning About 10 Scams Targeting Bank Customers
Jun 12th, 3:39pm
Press Release FDIC Consumer News Issues Warning About 10 Scams Targeting Bank Customers FOR IMMEDIATE RELEASE June 12, 2017 Media contact: Greg...
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Expected Inflation Falls Close to Record Low, Fed Survey Shows
Jun 12th, 12:52pm
Bloomberg Expected Inflation Falls Close to Record Low, Fed Survey Shows Bloomberg U.S. consumer inflation expectations declined last month to...
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Mortgage Recruiters Hire Entire Retail Teams
Jun 12th, 11:38am
While some mortgage banking firms are handling new hires one at a time, others are recruiting entire teams of retail loan originators.An entire...
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Global Economy Shows Improvement for 2017
Jun 12th, 11:32am
NEW YORK, June 12, 2017 /PRNewswire/ -- The current cyclical upswing and recovery in productivity will raise global growth to 2.9 percent in 2017,...
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3-Year Treasury note auction yield: 1.5%
Jun 12th, 11:12am
CNBC's Rick Santelli reports the results of the...
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White House cannot wave a magic wand and make regulations go away: Expert
Jun 12th, 10:48am
Terry Haines, Evercore ISI head of political...
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Treasury to release report urging a revamp of regulations
Jun 12th, 10:48am
CNBC's Kayla Tausche reports the latest from...
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Ginnie Mae MBS Issuance Inches Up
Jun 12th, 10:46am
Despite a year-over-year retreat in securitizations on behalf of the Government National Mortgage Association, there was a month-over-month...
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Consumer Credit Expands, But At A Slower Pace
Jun 12th, 10:08am
According to the Federal Reserve Board's G.19 Consumer Credit report, the total amount of consumer credit outstanding rose by 2.6 percent (SAAR)...
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UI: Appraisal Process Disadvantages Mortgage Borrowers
Jun 12th, 9:48am
Posted To: MND NewsWireDoes an outdated and sluggish appraisal system give an outsized advantage to cash buyers ? A recent panel discussion...
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Fed Getting New Rules of the Road Ready for Balance Sheet Unwind
Jun 12th, 9:23am
Fed Getting New Rules of the Road Ready for Balance Sheet Unwind Bloomberg Federal Reserve officials surprised some onlookers by unveiling a rough...
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Fannie Mae Prices $985.3 Million Multifamily DUS REMIC ...
Jun 12th, 8:35am
News Release. Share This: June 12, 2017. Fannie Mae Prices $985.3 Million Multifamily DUS REMIC (FNA 2017-M7) Under Its GeMS Program. ......Read More
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The 12 best states for first-time home buyers
Jun 12th, 8:35am
If you're looking to buy real estate for the first time, consider settling down in one of these areas....Read More
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Week ahead on Wall Street
Jun 12th, 8:33am
It’s a big week for the U.S. economy with housing...
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Tech Survey; Vendor Updates - Partnerships Abound; Ellie and HMDA Readiness
Jun 12th, 8:15am
Posted To: Pipeline PressThere is news out that Brian Brooks, general counsel for Fannie Mae, will be nominated as deputy secretary of the U.S....
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MBS Week Ahead: Densely-Packed Week Promises to Impact Bond Markets
Jun 12th, 8:10am
Posted To: MBS CommentaryIt would be miraculous to see bond markets escape this week without experiencing some sort of reaction to the plethora of...
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In Detroit, Anyone Can Be a Real Estate Developer
Jun 12th, 7:31am
Bloomberg In Detroit, Anyone Can Be a Real Estate Developer Bloomberg Is flipping homes and collecting rent the key to helping more Detroiters...
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Words You'll Hear: Dodd-Frank
Jun 12th, 7:30am
This week NPR's Lakshmi Singh speaks with Raj Date, former Deputy Director of the U.S. Consumer Financial Protection Bureau about the House bill...
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ECB to extend QE into 2019, says SocGen
Jun 12th, 7:27am
The European Central Bank could be expected to continue its quantitative easing (QE) program into 2019 despite announcing at its most recent...
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Texan Behind Financial Choice Act
Jun 11th, 6:18pm
A Texas Republican is behind legislation that would dismantle much of the Dodd-Frank Wall Street Reform and Consumer Protection Act put in...
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MBS RECAP: Did Someone Say "Absence of Volatility?"
Jun 9th, 4:20pm
Posted To: MBS CommentaryYesterday's recap was titled "Surprising (or Not?) Absence of Volatility." Fool me once, shame on me. Fool...
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QuestSoft And OpenClose To Hold Webinar On The New CFPB HMDA Rules
Jun 9th, 3:38pm
OpenClose, a multi-channel loan origination system (LOS) provider, and QuestSoft, a provider of automated mortgage compliance software, announced...
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Open Mortgage Forms Strategic Partnership With ACEI
Jun 9th, 3:30pm
Open Mortgage, LLC, a provider of traditional and reverse mortgages throughout the United States, announced their exclusive partnership with the...
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Mortgage Rates Continue Modestly Higher
Jun 9th, 3:13pm
Posted To: Mortgage Rate WatchMortgage rates moved higher for the second straight day amid a general lack of actionable information. Some...
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The Fed: Fed should consider raising 2% inflation target, prominent economists say
Jun 9th, 2:54pm
The Federal Reserve should consider raising its 2% inflation target, a group of prominent economists said....Read More
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The GOP still champions Trump, but that might not last
Jun 9th, 2:45pm
Rank-and-file Republicans still support their party's leader, but that may not last....Read More
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Merrill FOMC Preview
Jun 9th, 2:43pm
The FOMC is expected to raise rate at their meeting next week. Here are a few brief excerpts from a Merrill Lynch preview: The June FOMC meeting...
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Credit Access Mixed by Loan Type
Jun 9th, 2:26pm
Posted To: MND NewsWireAccess to mortgage, as measured by the Mortgage Credit Availability Index (MCAI), decreased in May. The Mortgage Bankers...
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Nearly $600 Mil in Non-Performing GSE Loans Sold
Jun 9th, 1:46pm
A winning bidder has been announced for nearly $600 million in non-performing government-sponsored enterprise residential loans.The transaction...
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US cities are moving toward renting vs. buying
Jun 9th, 1:36pm
CNBC's Diana Olick takes a look at where in the...
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Top economists rip Fed, call for letting inflation run higher than normal
Jun 9th, 1:32pm
The Fed Up economists advocate an even slower path than the one on which the committee currently finds itself....Read More
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The House Takes Another Step Toward Repealing Dodd-Frank
Jun 9th, 1:20pm
<p>In the background of the hubbub surrounding the testimony of the former FBI Director James Comey, House Republicans <a...
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Gov Leads Weekly Mortgage Business Higher
Jun 9th, 11:39am
With government activity leading the way, weekly new mortgage business leapt higher from the holiday week. Rates on jumbo mortgages became less...
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NAR Paper Identifies Homeownership Hurdles
Jun 9th, 11:37am
Posted To: MND NewsWireFive barriers to homeownership are identified in a new study released on Friday by the National Association of...
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Mortgage Equity Withdrawal slightly negative in Q1
Jun 9th, 11:32am
Note: This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008. The...
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Mortgage Executives Land Jobs Across Country
Jun 9th, 10:51am
Recent executive appointments in home lending include positions located from the West Coast to the Mountain Region to the East Coast.The new...
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Flows Show That Bond Bears Just Capitulated, Says Bank of America
Jun 9th, 10:33am
Bloomberg Flows Show That Bond Bears Just Capitulated, Says Bank of America Bloomberg Investors betting on rising bond yields just threw in the...
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Wholesale inventories slide 0.5% in April, falling short of estimates
Jun 9th, 9:11am
The Commerce Department reported April's wholesale inventories on Friday....Read More
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Home Equity Gains Continue to Mount
Jun 9th, 9:00am
Posted To: MND NewsWireHomeowner equity increased by another 11.2 percent over the four quarters that ended with the first quarter of 2016....
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Lender Fee Changes; eNote News; MBA Performance Report
Jun 9th, 8:38am
The House of Representatives voted to roll back some of the main regulations contained in the 2010 Dodd-Frank law. It was an almost perfect...
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MBS Day Ahead: Bigger Picture Bounce Risk Remains After High-Risk Events
Jun 9th, 8:02am
Posted To: MBS CommentaryAll of our high-risk events for this week have come and gone, and bond markets aren't able to justify the stronger...
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Does the UK vote weaken Britain's hand in Brexit talks with the EU?
Jun 9th, 8:01am
Simon Derrick of BNY Mellon says the EU was always...
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Dodd-Frank Overhaul Passes House
Jun 9th, 7:38am
While the attention of much of the country was focused elsewhere on Thursday, the House of Representatives passed the H.R. 10, the Financial...
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US Treasurys mixed as bond investors digest UK election news
Jun 9th, 7:22am
U.S. government debt prices were pointing in different directions on Friday, as investors processed the 2017 U.K. election result....Read More
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Picking apart Dodd-Frank
Jun 9th, 7:22am
Christopher Whalen, Whalen Global Advisors,...
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Homeowners Are Worth How Much More!?
Jun 9th, 7:20am
Census data shows that owning a home does lead to more wealth....Read More
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House Republicans take a knife to post-crisis Wall Street regulations
Jun 9th, 7:20am
Republicans in the U.S. House of Representatives voted on Thursday to replace the 2010 Dodd-Frank Wall Street reform law....Read More
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Sale of Reverse Mortgages With Deceased Borrowers
Jun 8th, 6:09pm
The Department of Housing and Urban Development is selling reverse mortgages where the original borrowers in the transactions have died.HUD is...
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House Passes Legislation to Replace Dodd-Frank
Jun 8th, 5:30pm
House Republicans have come together to pass legislation that would overhaul and replace the Dodd-Frank Wall Street Reform and Consumer...
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Rates Fall After Weak Employment Report, Might Hold
Jun 8th, 5:20pm
A disappointing jobs report pulled down interest rates on home loans this past week. Over the upcoming week, rates are unlikely to move much.The...
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MBS RECAP: Surprising (or Not?) Absence of Volatility
Jun 8th, 3:55pm
Posted To: MBS CommentaryPerhaps it had to do with yesterday's 1st round of Senate testimony or Comey's prepared remarks giving bond...
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New Executive Lineup At Home Point
Jun 8th, 3:25pm
After swallowing up a recent acquisition, Home Point Financial Corp. has announced its new management lineup, including some of the acquired...
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Data Shows That Home Flipping Is On The Rise
Jun 8th, 3:22pm
ATTOM Data Solutions released its Q1 2017 U.S. Home Flipping Report, which shows that 43,615 single family homes and condos were flipped — sold...
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QuestSoft Urges CFPB To Delay Implementation Of HMDA Specific Data Points
Jun 8th, 3:15pm
In a letter written to the Consumer Financial Protection Bureau (CFPB) addressing proposed changes by the CFPB to its HMDA regulations, QuestSoft...
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Europe markets are all eyes on UK election
Jun 8th, 2:57pm
Danielle DiMartino Booth, Money Strong president...
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White House reiterates that Trump is committed to fair US elections free from any interference
Jun 8th, 2:24pm
According to the White House, Trump is committed to ensuring that U.S. elections are protected from interference....Read More
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Mortgage Rates Rise Modestly From 2017 Lows
Jun 8th, 2:09pm
Mortgage rates rose modestly today after spending 2 days at the best levels in nearly 8 months.  Financial markets were tuned in to...
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Comey: Russia election interference about as 'un-fake' as it can get
Jun 8th, 11:18am
In a hearing in front of the Senate Select...
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Comey on his talks with Trump: Lordy, I hope there are tapes
Jun 8th, 11:18am
Former FBI Director James Comey told senators on...
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Comey says Trump never asked him about 'tens of thousands' of FBI investigations besides F
Jun 8th, 11:14am
Comey said Trump never raised the idea of interfering in any other probe other than the one involving ousted national security adviser Michael...
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Comey: Russia interfered with 2016 election, and 'they did it with purpose'
Jun 8th, 11:13am
Former FBI Director James Comey told a Senate panel Thursday that he has no doubt that Russia interfered with the 2016 election that swept...
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ECB Drops Guidance About Further Rate Cuts - Bloomberg
Jun 8th, 9:57am
Bloomberg ECB Drops Guidance About Further Rate Cuts Bloomberg The European Central Bank dropped its guidance that interest rates may fall further...
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Treasury yields rise modestly as Comey delivers Senate testimony
Jun 8th, 9:56am
Traders will look ahead to a former Federal Bureau of Investigation director's testimony in front of a senate panel, a European Central Bank...
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Real Estate Companies Ditch the Paperwork, Get on the Cloud
Jun 8th, 9:17am
Bloomberg Real Estate Companies Ditch the Paperwork, Get on the Cloud Bloomberg Seattle real estate agent Bree Al-Rashid used to spend several...
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30-Year Fixed Mortgage Rate Continues to Fall
Jun 8th, 9:14am
30-Year Fixed Mortgage Rate Continues to Fall...Read More
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Jobless claims fall; labor market slack shrinking
Jun 8th, 8:40am
WASHINGTON, June 8 (Reuters) - - The number of Americans filing for unemployment benefits fell last week, unwinding half of the prior period's...
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A 20 percent down payment out of reach? How to get around that
Jun 8th, 8:39am
If you're going to offer less than the standard down payment on a home purchase, it pays to figure out the best financing deal....Read More
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Forestar says D.R. Horton's offer could be superior to Starwood bid
Jun 8th, 8:39am
(Reuters) - Forestar Group Inc said on Thursday U.S. homebuilder D.R. Horton Inc's offer to buy a majority of the real estate developer could be...
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Markets don't care about Comey drama: Expert
Jun 8th, 8:37am
Jonathan Golub, RBC Capital Markets, and Darrell...
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Financial Choice Act an 'ideological' swing at Dodd-Frank: Aaron Klein
Jun 8th, 8:37am
Aaron Klein, Brookings Institution, and Michael...
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Fixed income has declared tax reform officially dead: BoAML
Jun 8th, 8:37am
My view is I'm still hopeful there will be tax...
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Draghi drops reference to 'downside risks'
Jun 8th, 8:37am
CNBC's Steve Liesman provides the latest...
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Home Flips Decrease but Mortgage Use Rises
Jun 8th, 8:36am
Posted To: MND NewsWireHome flipping, the practice of buying and then reselling the same property within a 12-month period, fell to the lowest...
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Fannie Mae Declares it a Sellers' Market
Jun 8th, 8:34am
Posted To: MND NewsWireThe Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased fractionally in May, however the change in each of its...
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"Good Time to Sell" Hits Highest Levels in Fannie Survey
Jun 8th, 8:34am
Posted To: MND NewsWireThe Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased fractionally in May, however the change in each of its...
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HMDA Training; Survey on Digital Mortgage Benefits; Origination and Millennials
Jun 8th, 8:26am
Posted To: Pipeline PressNo one has a crystal ball, but CNBC makes the point that, as a nation, home prices won't fully recover until 2025 , and...
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MBS Day Ahead: After a Nice Run, Bond Rally Considers Its Mortality
Jun 8th, 8:02am
Posted To: MBS CommentaryA few days ago, I laid out a bullish long-term case for bond markets. I could probably do something similar for a bearish...
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CoreLogic Reports Nearly 9 Million Borrowers Have Regained Equity Since the Height of the Crisis in
Jun 8th, 7:14am
Nearly 91,000 Homeowners Regained Equity in Q1 2017 3.1 Million Residential Properties with a Mortgage Still in Negative Equity Average Homeowner...
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House poised to pass bill taking aim at Dodd-Frank regulations
Jun 8th, 7:14am
Republicans have vowed to dismantle the regulatory legislation, enacted in the wake of the financial crisis, but their bill faces long odds of...
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European Central Bank leaves benchmark interest rate unchanged, as expected
Jun 8th, 7:11am
The European Central Bank (ECB) left its benchmark interest rate unchanged on Thursday....Read More
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Whistleblower Lawsuit Against Wells Revived
Jun 7th, 5:46pm
A recent Supreme Court decision and Justice Department friend of the court brief has breathed new life into a whistleblower case against Wells...
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N.Y. Judge Arrested for Mortgage Fraud
Jun 7th, 5:03pm
A small-town judge in the Empire State has been arrested for allegedly lying to a home lender to obtain a mortgage.Lurlyn Winchester is a justice...
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MBS RECAP: Today's Weakness Keeps Risks Alive
Jun 7th, 3:57pm
Bond markets were only modestly weaker in the overnight session (unlike yesterday where a majority of the day's weakness was seen overnight),...
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Fannie Mae index shows decline in homebuyer sentiment
Jun 7th, 3:34pm
The Fannie Mae Home Purchase Sentiment Index in May decreased 0.5 percentage points as the net share of Americans reporting that now is a good...
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Ryan won't commit to Treasury timetable for debt-ceiling increase
Jun 7th, 3:29pm
House Speaker Paul Ryan said Wednesday that he won't commit to holding a vote to increase the government's borrowing authority...
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Rates Hold 2017 Lows Despite Market Weakness
Jun 7th, 3:01pm
Mortgage rates managed to hold in line with 2017's lowest levels for a 2nd day, even though underlying bond markets suggested a move...
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Fay Servicing Settles Charges of Foreclosure Abuse
Jun 7th, 2:36pm
Allegations that Fay Servicing LLC illegally moved forward with foreclosures on distressed borrowers who were actively seeking help have been...
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Economic Report: Consumer credit slows sharply in April
Jun 7th, 2:07pm
Consumer credit expanded at a seasonally adjusted annual rate of 2.6%, or $8.2 billion, in April, the Federal Reserve reported Wednesday....Read More
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Embrace Home Loans Hosts Embracing Our Veterans Event
Jun 7th, 1:56pm
Embrace Home Loans is sponsoring the Delaware Aviation Museum Foundation’s B-25 World War II medium bomber plane appearance at the Aircraft...
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BankingBridge Partners With Optimal Blue To Enhance Lender Marketing Tools
Jun 7th, 1:51pm
Optimal Blue has partnered with BankingBridge to enhance the co-branded marketing media that the web-based vendor provides to loan officers and...
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Borrowers jump at lowest rates since election
Jun 7th, 1:18pm
CNBC's Diana Olick reports that mortgage rates...
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Comey will testify Trump told him 'I hope you can let this go' on Flynn investigation
Jun 7th, 1:16pm
James Comey will testify that President Donald Trump asked him to back off the probe into Michael Flynn....Read More
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JPMorgan Will Fund Luxury-Condo Tower at NYC's 1 Wall Street
Jun 7th, 1:15pm
Bloomberg JPMorgan Will Fund Luxury-Condo Tower at NYC's 1 Wall Street Bloomberg JPMorgan Chase & Co. has agreed to provide Harry...
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Stearns Lending Makes Acquisition
Jun 7th, 12:38pm
Just months after unloading its own correspondent lending platform, Stearns Lending LLC has made an acquisition that includes a correspondent...
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While you weren't looking, the next fight over the debt ceiling got started
Jun 7th, 12:06pm
The Treasury Secretary wants a "clean" bill by August. House Republicans aren't saying much of substance in response....Read More
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Market will keep close eye on Comey testimony: Art Cashin
Jun 7th, 11:23am
Art Cashin, of UBS, says Wall Street will be...
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Zillow Forecast: "Zillow's April Case-Shiller forecast expects growth of 5.6 percent in th
Jun 7th, 9:51am
The Case-Shiller house price indexes for March were released last week. Zillow forecasts Case-Shiller a month early, and I like to check...
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Global growth forecast at 3.5% in 2017: Economist
Jun 7th, 9:17am
It's a little more optimistic than a year ago...
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US Job Creation Index Returns to Record High
Jun 7th, 9:01am
Gallup's Job Creation Index was +37 in May, tying the record high found in March....Read More
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Market Exec's View on Rates and Locks; Fannie and Freddie Changes; Book for Brokers
Jun 7th, 8:59am
Summer is here, school is out for many, and it’s time for vacation, right? Here’s a little trivia for your co-workers. What is number...
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The Fed: Kocherlakota says Fed shouldn't hike rates in June — and it should grow, not
Jun 7th, 8:50am
Former Minneapolis Fed President Narayana Kocherlakota said in an interview with MarketWatch that the Fed should hold off raising interest rates...
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Production Volume Drives Mortgage Profits Down
Jun 7th, 8:24am
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a second straight quarter of falling profits during the three...
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MBS Day Ahead: Tomorrow Remains in Focus Even if Things Get Crazy Today
Jun 7th, 8:19am
One never knows what to expect on the relatively data-free day ahead of a minefield of potential market movers 24 hours later.  To be...
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HSBC's Bond Bull Major Moves Closer to Peers by Just a `Tweak'
Jun 7th, 7:40am
Bloomberg HSBC's Bond Bull Major Moves Closer to Peers by Just a `Tweak' Bloomberg Steven Major, the HSBC Holdings Plc head of...
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Holiday Week Mutes Application Activity Despite Falling Rates
Jun 7th, 7:34am
Mortgage application volume rose during the week ended June 2, increasing by 7.1 percent on a seasonally adjusted basis.  The Mortgage...
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US Treasurys edge lower as bond investors pause ahead of UK election, ECB meeting
Jun 7th, 7:25am
U.S. government debt prices were slightly off on Wednesday, as investors await for key data ahead of an important election in the U.K. and an ECB...
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MBS RECAP: Bond Markets "Leading Off" at Year's Best Levels
Jun 6th, 6:05pm
Posted To: MBS CommentaryAfter yesterday's modest bond market weakness, we may well have assumed that traders were in their preferred...
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AMC Acquisitions, Partnerships and Expansions
Jun 6th, 5:30pm
In the valuation industry, an appraisal management company has been acquired, while several AMCs have partnered to create a bigger firm. Other...
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Parkside Lending Expands In New York
Jun 6th, 4:08pm
Parkside Lending, LLC, a national wholesale and correspondent lender, announces the expansion into New York with the addition of Rich Bloom as...
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Fulton Financial Embraces New Home Equity Lending Report System
Jun 6th, 4:02pm
Fulton Financial Corp. has migrated to the new, FirstClose Report system to provide Fulton Financial access to the full refinance and home equity...
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Mortgage Rates Unexpectedly Fall to 2017 Lows (Again)
Jun 6th, 3:20pm
Posted To: Mortgage Rate WatchMortgage rates unexpectedly fell to new 7-month lows today, following bond market gains in the overnight hours...
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Home prices still face supply, affordability issues
Jun 6th, 3:18pm
CNBC's Diana Olick reports on April's house...
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The Dollar's 'Stupidly Strong' Link With Bonds Means Deeper Losses
Jun 6th, 3:16pm
Bloomberg The Dollar's 'Stupidly Strong' Link With Bonds Means Deeper Losses Bloomberg The dollar and Treasury yields are...
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The bond market is giving the stock market a stern warning
Jun 6th, 12:57pm
The yield curve has predicted the past five recessions when it has inverted, says Ivan Martchev....Read More
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Is the bond market showing warning signs?
Jun 6th, 12:56pm
The “Fast Money Halftime Report” traders talk...
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Buying bonds ahead of FOMC: Trader
Jun 6th, 12:55pm
CNBC's Jackie DeAngelis and the Futures Now...
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Former OneWest CEO Tapped to Head OCC
Jun 6th, 12:46pm
The former chief executive officer of OneWest Bank FSB is being nominated to run the Office of the Comptroller of the Currency.On Monday, the...
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MSRs Drive Down Mortgage Servicer Income
Jun 6th, 12:37pm
Despite growth in the size of their portfolios, mortgage servicers saw deteriorating earnings thanks to lower gains on mortgage servicing...
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Mortgage Production Income Plunges
Jun 6th, 12:25pm
As independent mortgage bankers' quarterly lending slowed, income tumbled. Impacting earnings were personnel and direct-production...
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Santelli Exchange: Stabilizing exchange rates
Jun 6th, 11:00am
The Jack Kemp Foundation's Sean Rushton &...
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Freddie Mac Surpasses $200 Billion in Multifamily K-Deal and SB-Deal Securitizations
Jun 6th, 10:41am
Freddie Mac Surpasses $200 Billion in Multifamily K-Deal and SB-Deal Securitizations...Read More
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Construction Job Openings Jump in April
Jun 6th, 10:41am
The count of unfilled jobs in the construction sector climbed in April, rising to the highest level since September of last year. According to...
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Realtors® Survey: Led By China, Foreign Investment in U.S. Commercial Real Estate on the Ris
Jun 6th, 10:41am
WASHINGTON (June 6, 2017) — One-fifth of surveyed Realtors® practicing in commercial real estate closed a sale with an...
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April job openings: 6.044M vs. 5.785M (March)
Jun 6th, 9:37am
CNBC's Rick Santelli breaks down the latest...
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New Correspondent Program Launches
Jun 6th, 9:34am
A new correspondent lending program that has been launched promises the benefits off correspondent lending without the associated risk.Cherry...
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Why is Fed getting so 'aggressive' now?
Jun 6th, 8:55am
Noah Blackstein, Dynamic Funds, and Ed Keon, QMA...
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Confidence in Economy in May Lowest Since November 2016
Jun 6th, 8:54am
Economic confidence in the U.S. hit a new low for the post-election period in May, largely due to Democrats' worsening confidence....Read More
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Home Builder Group Voices Support for Mortgage Deduction
Jun 6th, 8:49am
June is National Homeownership Month and the National Association of Home Builders (NAHB) says that owning a home is as much a part of the...
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"Bidding Frenzy" Drives Prices Higher
Jun 6th, 8:47am
Home price increases moderated slightly in April, at least as measured by the CoreLogic Home Price Index (HPI).  The company announced an...
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State-Level Lending Law Changes - Does California Have a Price Loophole?
Jun 6th, 8:40am
Posted To: Pipeline PressI received this note/suggestion regarding broker business. " Is California dysfunctional? In California, brokers are...
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MBS Day Ahead: A Bullish Big-Picture Case for Bond Markets
Jun 6th, 8:28am
There are no significant data or events on the calendar today and the Fed remains in its "blackout period" (where Fed speakers abstain from...
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How long you should wait before buying a home with your partner
Jun 6th, 7:56am
According to new LendingHome data, couples that wait this long before buying fight half as much....Read More
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GI to Sell Waypoint Rentals to Colony Starwood Homes
Jun 6th, 7:56am
More than 3,100 single-family properties will fetch $815 million....Read More
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Five Questions About the Fed's $4.5 Trillion Balance Sheet - Bloomberg
Jun 6th, 7:55am
Bloomberg Five Questions About the Fed's $4.5 Trillion Balance Sheet Bloomberg The Federal Reserve is getting ready to...
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Las Vegas Real Estate in May: Sales up 28% YoY, Inventory down Sharply
Jun 6th, 7:49am
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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CoreLogic US Home Price Report Shows Prices Up 6.9 Percent in April 2017
Jun 6th, 7:49am
Multiple Offers Drive Prices Upward in Select Markets Mortgage Rates Fluctuate During Spring Buying Season Home Price Gains Strongest in the West...
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China Ready to Buy More Treasuries as Yuan Stabilizes
Jun 6th, 7:48am
China is prepared to increase its holdings of U.S. Treasuries under the right circumstances, as officials judge the assets are becoming more...
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Another MBS Settlement for Deutsche
Jun 5th, 5:50pm
Following a pair of recent settlements related to mortgage-backed securities, Deutsche Bank has reached another settlement for nearly $100...
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MBS RECAP: Last Week's Rate Rally Mostly Intact After This Week's Slow Start
Jun 5th, 5:03pm
Posted To: MBS CommentaryISM Non-Manufacturing was this morning's biggest potential market mover, but it came in very close to consensus....
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2017 RMBS Issuance Well Ahead of 2016
Jun 5th, 4:45pm
So far this year, the volume of residential loan securitizations has more than doubled the level activity at the same point last year.Issuers of...
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Consumer Bankruptcy Filings Increase
Jun 5th, 4:07pm
Last month, the number of consumers who resorted to bankruptcy moved up on a month-over-month and year-over-year basis.During the month of May...
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Mortgage Rates Just Off 7-Month Lows
Jun 5th, 4:01pm
Posted To: Mortgage Rate WatchMortgage rates were modestly higher today after hitting the lowest levels since early November at the end of last...
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U.S. stocks close marginally lower as investors turn cautious
Jun 5th, 3:24pm
U.S. stocks closed marginally lower Monday as investors turned cautious ahead of a week packed with former FBI director James Comey's testimony,...
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Mortgage App Fraud Risk Continues to Rise
Jun 5th, 3:15pm
During each of the past five months, the risk of fraud on applications for a residential loan has moved higher. The Dakotas are emerging as a...
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Who's powering the housing market? Surprise! It's young people
Jun 5th, 12:24pm
Millennials are growing up, settling down and looking to buy a home....Read More
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Growth in Home Purchase Financing Sinks
Jun 5th, 11:09am
Quarterly home-lending volume fell to the lowest level since 2014. Growth in purchase financing, meanwhile, slowed.From Jan. 1, 2017, through...
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Strategist: Investors willing to look past risks and focus on fundamentals
Jun 5th, 11:05am
Stephen Wood, Russell Investments chief market...
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Its (Almost) All About Interest Rates
Jun 5th, 10:07am
It should come as no surprise that the rise in interest rates that occurred after the November 2016 election had a profound impact on mortgage...
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Mortgage Rates Fall
Jun 5th, 9:38am
Following 4 consecutive monthly increases, results from the Mortgage Interest Rate Survey (MIRS) released by the Federal Housing Finance Agency...
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May ISM non-manufacturing index at 56.9 vs. 57 (est.)
Jun 5th, 9:33am
CNBC's Rick Santelli reports the latest reads...
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Factory orders post first drop in five months
Jun 5th, 9:15am
WASHINGTON, June 5 (Reuters) - New orders for U.S.-made goods fell in April for the first time in five months and orders for capital equipment...
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Bond Report: Treasury yields try to rebound from November lows
Jun 5th, 9:12am
Treasury yields gained on Monday ahead of data that could add clarity to the U.S. economic outlook after a weaker-than-expected jobs report helped...
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ISM non-manufacturing index hits 56.9 in May, vs. 57 estimate
Jun 5th, 9:04am
A reading above 50 indicates expansion in the service sector, and a reading below 50 indicates contraction....Read More
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MBS Week Ahead: Bonds Set to Battle a Familiar Enemy
Jun 5th, 8:10am
There are two white lines in today's chart.  Each represents the pace of the two most recent rallies in rates (with the latter being the...
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RESCAP Legal News; June Fed Rate Hike Odds
Jun 5th, 8:02am
Posted To: Pipeline PressThe Federal Financial Institutions Examination Council (FFIEC) published a Press Release announcing an update to the...
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Market hits new highs despite political bickering
Jun 5th, 7:29am
Phil Orlando, Federated senior v.p., and Steven...
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Blackstone offers to buy Finnish real estate firm Sponda for $2 billion
Jun 5th, 7:25am
HELSINKI (Reuters) - Private equity group Blackstone Group said on Monday it had offered to buy all shares in Finnish real estate investment...
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Private Residential Construction SAAR Falls 0.7% from March to April
Jun 5th, 7:23am
Spending has slowed since the start of the year, though growth remains high year over year....Read More
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D.R. Horton offers to buy 75 percent of Forestar
Jun 5th, 7:22am
(Reuters) - U.S. homebuilder D.R. Horton Inc said on Monday it offered to buy 75 percent of real estate development company Forestar Group Inc ,...
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Housing Secretary Ben Carson Clarifies Comment That Poverty Is A 'State of Mind'
Jun 5th, 7:22am
But Carson says that "how a person thinks" is only one component that contributes to being poor. He spoke to NPR about the comment and how his...
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US Treasurys edge lower as bond investors await fresh economic data, auctions
Jun 5th, 7:21am
U.S. government debt prices were lower on Monday morning as investors awaited the release of fresh economic data and Treasury auctions....Read More
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Bond Traders Enter Fed Blackout Betting a Hike Won't Quash Rally
Jun 5th, 7:21am
Bloomberg Bond Traders Enter Fed Blackout Betting a Hike Won't Quash Rally Bloomberg Before heading into the darkness of the Federal...
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Holiday Pulls Down Weekly Mortgage Market Index
Jun 4th, 2:38pm
As expected, new mortgage business turned sharply lower during the week that included Memorial Day. Business unexpectedly sank, though, from a...
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Best Mortgage Related Employers
Jun 4th, 12:37pm
People searching for a job in a mortgage-related field have many factors to consider -- including how well their new employer will treat them....
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COFI ARM Index Climbs to 9-Month High
Jun 3rd, 6:26pm
A modest month-over-month ascension was enough to push the 11th District weighted-average Cost of Funds Index to the highest level in 9 months.As...
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MBS RECAP: Rates Revisit The Gap After NFP
Jun 2nd, 5:40pm
"The gap" refers to the closing yields in 10yr Treasuries of 2.15% on 11/10/2016 followed by opening yields of 2.17% the following business...
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Rates Fall to 2017 Lows After Jobs Report
Jun 2nd, 4:49pm
Mortgage rates moved convincingly lower today following weaker-than-expected employment data from the Labor Department.  The big...
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Fed hike probability 91%
Jun 2nd, 3:32pm
CNBC's Steve Liesman reports on the May jobs...
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Near full employment?
Jun 2nd, 3:32pm
CNBC's Steve Liesman breaks down the latest...
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U.S. stocks close at record for second session in a row
Jun 2nd, 3:23pm
U.S. stocks closed at records for a second straight session on Friday as tepid jobs growth in May highlighted the possibility that the Federal...
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Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama, Trump
Jun 2nd, 3:22pm
Here is another update of tracking employment during Presidential terms.  We frequently use Presidential terms as time markers - we could...
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Bonds and the stock market are rallying at the same time, and it's befuddling investors
Jun 2nd, 3:21pm
The stock market is surging to records on Friday, while government bonds are in rally mode, pushing long-dated Treasury yields to their lowest...
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CMBS Delinquency Highest Since 2015
Jun 2nd, 2:20pm
Performance on securitized commercial real estate loans was worse in any month since 2015. Maturing loans and shrinking outstandings were...
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Many Dodd-Frank Provisions May Be on House Chopping Block Next Week
Jun 2nd, 1:22pm
Posted To: MND NewsWireHouse Majority Leader Kevin McCarthy (R-CA) has told reporters he expects a full House vote next week on H.R. 10, The...
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El-Erian Says Liquidity Trade Replaced Trump as Market Catalyst - Bloomberg
Jun 2nd, 12:16pm
El-Erian Says Liquidity Trade Replaced Trump as Market Catalyst Bloomberg Mohamed El-Erian, chief economic adviser at Allianz SE and Bloomberg...
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Fed's Harker still sees three rate hikes this year, calls May payrolls number 'good'
Jun 2nd, 11:47am
Fed's Harker still sees three rate hikes this year, calls May payrolls number 'good'|| 104451916...Read More
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Wells Fargo Shakes Up Retail Mortgage Management
Jun 2nd, 11:15am
Wells Fargo Home Mortgage has shaken up its retail sales management. An insider has been promoted to lead the retail sales organization.A...
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We do expect a hike at the June meeting: Economist
Jun 2nd, 10:53am
Jan Hatzius, Goldman Sachs chief economist, weighs...
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Mortgage Staffing Grows Despite Weak US Employment
Jun 2nd, 10:25am
Aside from 16-year low unemployment, monthly jobs data indicate weak labor conditions -- driving down rates. But staffing expanded in the...
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Weak May jobs growth raises doubts about how much Fed can raise interest rates this year
Jun 2nd, 10:04am
May's weak hiring should not deter the Fed from raising rates in June, but it puts any further hikes in doubt....Read More
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We just found out the Fed's rate path may be too aggressive, ex-Obama advisor Goolsbee says
Jun 2nd, 9:12am
The much-weaker-than-expected growth in jobs shows the economy is expanding only modestly, Austan Goolsbee tells CNBC....Read More
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Yields move lower on jobs number
Jun 2nd, 8:33am
CNBC's Rick Santelli and Steve Liesman, parse...
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Traders keep bets on June rate hike after jobs report
Jun 2nd, 8:15am
(Reuters) - U.S. short-term interest rate futures were little changed on Friday after a government report showed employers added fewer jobs than...
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The government says unemployment fell to 4.3% in May, but here's a more realistic rate
Jun 2nd, 8:06am
The Labor Department says the unemployment rate was at 4.3 percent, but there's a bigger story behind that one number....Read More
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May nonfarm jobs up 138K, unemployment rate lowest since May 2001
Jun 2nd, 7:51am
CNBC's Hampton Pearson breaks down the latest...
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Credit Guideline Changes; Jumbo Secondary Market News
Jun 2nd, 7:50am
In celebration of National Doughnut, or Donut, Day, let’s talk about a subset of real estate agents. The typical Realtor, and there are...
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May Jobs Report: 138,000 More On Payrolls; Unemployment Dips Slightly
Jun 2nd, 7:37am
Economists had been expecting to see the U.S. economy gain about 185,000 jobs....Read More
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MBS Day Ahead: All About NFP, But a Meaningful Reaction Might be Tough
Jun 2nd, 7:32am
Posted To: MBS CommentaryToday's only significant data point will be NFP, which is the most significant piece of scheduled economic data every...
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Jobs Friday: What to watch
Jun 2nd, 7:29am
Nonfarm payrolls are expected to rise by 184,000...
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Trump allies push new Fannie and Freddie reform plan
Jun 2nd, 7:28am
Two investment groups are pitching a new plan that would free the mortgage giants Fannie Mae and Freddie Mac from US government control, the FT...
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Commercial Mortgage Delinquency Declines
Jun 1st, 6:47pm
The quarterly performance of real estate loans secured by commercial properties improved for most investor types. Just securitized loans have...
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Weakening in Monthly HECM Endorsements
Jun 1st, 6:34pm
A superficial month-over-month decline was recorded for government-insured reverse mortgage production. Year-over-year results were positive.The...
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Mortgage Rates Likely to Continue Holding
Jun 1st, 4:28pm
Interest rates on single-family loans were mostly in a holding pattern over the past week, and the forecast is for more of the same.On loans to...
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MBS RECAP: All Things Considered, Better Than it Might Have Been
Jun 1st, 3:48pm
Posted To: MBS CommentaryBond markets lost ground today, but less than you might expect given several of the typical inputs. In terms of economic...
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Office Loans Drive Down CMBS Delinquency
Jun 1st, 2:21pm
An improvement in the performance of securitized commercial real estate loans backed by office buildings was enough to offset deterioration in...
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Rates Edge Higher Ahead of Jobs Report
Jun 1st, 1:54pm
Mortgage rates gave back yesterday's gains this morning following a stronger-than-expected employment report from ADP.  While this...
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CFPB May 2017 complaint report highlights complaints from older consumers
Jun 1st, 1:49pm
The CFPB has issued its May 2017 complaint report highlighting complaints from “older consumers,” who the CFPB defines as...
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May Employment Preview
Jun 1st, 1:49pm
On Friday at 8:30 AM ET, the BLS will release the employment report for May. The consensus, according to Bloomberg , is for an increase of 185,000...
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Gallup Good Jobs Rate Rises in May
Jun 1st, 1:48pm
All four Gallup employment measures improved or held steady in May, with the Gallup Good Jobs rate rising nearly one percentage point to...
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Mortgage Bankers Criticize GSE Shareholder Plan
Jun 1st, 1:20pm
Contracts executed for the sale of pre-owned single-family properties diminished last month. But a sharp increase was reported for the West.For...
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Mortgage Rates Slide to Fresh 2017 Low as Inflation Slips Through Fed's Fingers
Jun 1st, 12:45pm
The benchmark rate for home loans remained in free fall in the most recent week mortgage provider Freddie Mac said Thursday. The post Mortgage...
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Here's What the Fed Will Be Watching for in the Jobs Report
Jun 1st, 12:31pm
Bloomberg Here's What the Fed Will Be Watching for in the Jobs Report Bloomberg President Donald Trump and Federal Reserve Chair Janet...
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Paulson, Blackstone Said to Back Plan for Freeing Fannie-Freddie
Jun 1st, 12:08pm
Paulson, Blackstone Said to Back Plan for Freeing Fannie-Freddie Bloomberg Paulson & Co. and Blackstone Group LP are among investors...
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Monthly Agency MBS Issuance Rises
Jun 1st, 11:41am
Monthly securitizations of single-family loans backed by the agencies moved up from a month earlier but retreated compared to a year...
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Construction Spending decreased in April
Jun 1st, 11:10am
Earlier today, the Census Bureau reported that overall construction spending decreased in April: Construction spending during April 2017 was...
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U.S. Homes Are Finally Shrinking - Bloomberg
Jun 1st, 10:56am
Bloomberg U.S. Homes Are Finally Shrinking Bloomberg The median home size decreased slightly in 2016, but it's still historically high at...
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Fannie Mae's Portfolio Rises 2% YTD
Jun 1st, 10:41am
Posted To: MND NewsWireFannie Mae said on Wednesday that its Book of Business increased at a compounded annual rate of 1.3 percent in April to a...
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Stonegate Acquisition a Done Deal
Jun 1st, 10:11am
After less than four years as an independent, publicly traded company, Stonegate Mortgage Corp. has, itself, been acquired.The Indianapolis-based...
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Single Family Sector is Rare Winner in Construction Spending Report
Jun 1st, 9:55am
The total amount of construction put in place nationally fell in April, but continues at a pace higher than at the same point in 2016.  The...
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Changes coming to bank stress tests, Fed's Powell says
Jun 1st, 9:49am
The Federal Reserve will be making some of its own changes to the way it regulates banks, ahead of a likely push from the Trump administration to...
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May ISM manufacturing index at 54.9 vs. 55 (est.)
Jun 1st, 9:48am
CNBC's Rick Santelli breaks down the latest...
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ISM Manufacturing index increased to 54.9 in May
Jun 1st, 9:11am
The ISM manufacturing index indicated expansion in May. The PMI was at 54.9% in May, up from 54.8% in April. The employment index was at...
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30-Year Fixed Mortgage Rate Moves Lower
Jun 1st, 9:11am
30-Year Fixed Mortgage Rate Moves Lower...Read More
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U.S. private sector adds 253,000 jobs in May: ADP
Jun 1st, 8:03am
(Reuters) - U.S. private employers added 253,000 jobs in May, above economists' expectations, a report by a payrolls processor showed on...
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US jobless claims rose to 248,000 last week
Jun 1st, 8:03am
WASHINGTON- More people sought U.S. unemployment benefits last week, the second straight week of increases, though levels remain historically low....
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ADP reports payrolls up 253K in May
Jun 1st, 8:02am
It's a big blowout number, says CNBC's...
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Collateral and Appraisal News - Fed Addresses Delays
Jun 1st, 8:02am
Posted To: Pipeline PressSome may have the perception that no MI company has ever paid a claim, which isn’t true. USMI, the trade group for...
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