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The Future Of Digital Mortgage Technology Innovation
Oct 22nd, 9:55pm
High-powered mortgage executives gathered at the Seventh Annual ENGAGE Event in Denver, Colo., to discuss the future of the mortgage business. The...
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New Digital Platform Emerges
Oct 22nd, 9:28pm
Capsilon, a provider of cloud-based digital mortgage solutions for mortgage companies, today unveiled its vision for the future of mortgage...
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Biggest Mortgage Originators, Servicers Shuffled
Oct 22nd, 4:40pm
Among the 10-biggest mortgage originators, two companies ascended one notch. Credit unions grabbed market share from banks. Among servicers, one...
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MBS RECAP: "Totally Expected" Budget Bill Shocks Markets
Oct 20th, 5:53pm
Posted To: MBS CommentaryThere's a good video in the news stream with Austan Goolsbee going on a bit of rant about how the Senate's...
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Trump considers Fed's Powell, economist Taylor to lead central bank
Oct 20th, 5:42pm
WASHINGTON (Reuters) - President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist...
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Budget procedural move was totally expected: Austan Goolsbee
Oct 20th, 5:40pm
Austan Goolsbee, former Council of Economic...
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Mortgage Rates Rocked (Relatively) By Tax Plan Optimism
Oct 20th, 5:26pm
Mortgage ratesmoved highertoday as financial markets grew more optimistic about the potential for tax reform. Late last night,...
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West Leads Modest Rise in Existing Home Sales
Oct 20th, 4:53pm
The first increase in existing home sales during the last four months was led by sales in the West. Hurricanes likely restrained activity in the...
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White House: Taylor-Powell Fed pairing still under consideration
Oct 20th, 2:32pm
CNBC's Steve Liesman reports on comments from...
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Trump may have narrowed down Fed pick to Powell and Taylor
Oct 20th, 2:31pm
President Donald Trump's options for the future Federal Reserve leadership could include not one but two of the top contenders....Read More
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Home Prices Are Continuing to Fall—by How Much?
Oct 20th, 2:31pm
Home buyers should breathe a sigh of relief. After months of steadily rising prices, bidding wars, and offers over asking, existing-home prices...
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Weekly VA Mortgage Business Rises to 4-Month High
Oct 20th, 1:25pm
rospective mortgage origination activity ascended from the holiday week, with adjustable-rate mortgages seeing the strongest gain. Lending...
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Is the 'Trump trade' reignited?
Oct 20th, 12:45pm
Margaret Vitrano, ClearBridge Large Cap Growth...
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Yellen lunches with White House adviser Cohn, day after Trump interview
Oct 20th, 12:45pm
WASHINGTON (Reuters) - U.S. Federal Reserve Chair Janet Yellen returned to the White House on Friday to have lunch with President Donald Trump's...
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House flipping is making a comeback thanks to rising home prices
Oct 20th, 12:43pm
House flipping requires fast access to money, and developers are willing to pay higher interest rates for it, N.Y. Times reports....Read More
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Consumers: On-Line Mortgage Info Convenient, not Trustworthy
Oct 20th, 11:49am
Posted To: MND NewsWireWhile it sometimes seems as though Americans live online, there is still apparently one area where they still value human...
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How much it costs to buy a home in America's top 10 'hipster' neighborhoods
Oct 20th, 11:41am
Some are more affordable than you think....Read More
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SunTrust's Mortgage Income, Originations Drop
Oct 20th, 11:12am
Home lending and mortgage earnings weakened from a year ago at SunTrust Banks Inc., though earnings improved on a quarter-over-quarter basis....
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CNBC's Fed Survey: Forty-four percent say Trump will pick Jay Powell as next Fed chair
Oct 20th, 10:54am
CNBC’s Steve Liesman reports on results from the...
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Financial ETF jumps to 10-year high as budget bill passage boosts bond yields
Oct 20th, 10:42am
Financial stocks surged as the Senate's passage of a budget bill gave rise to longer-term Treasury yields, which can help boost bank...
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BLS: Unemployment Rates Lower in 11 states in September; Tennessee and Idaho at New Series Lows
Oct 20th, 10:29am
Note from the BLS on Puerto Rico (due to ongoing catastrophe): Due to Hurricanes Irma and Maria, Puerto Rico was not able to conduct normal data...
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Existing Sales Beat Forecast Despite Taking a Hit From Hurricanes
Oct 20th, 9:53am
It was only a small gain, albeit larger than analysts expected, but after three straight months of sliding sales, the existing home sales report...
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Existing home sales rise 0.7 percent in September
Oct 20th, 9:32am
CNBC’s Diana Olick reports the latest numbers on...
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Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-068
Oct 20th, 9:19am
Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-068...Read More
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U.S. existing home sales unexpectedly rebound in September
Oct 20th, 9:19am
WASHINGTON (Reuters) - U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but...
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CNBC Survey: 43.5% says Trump should nominate Yellen for Fed chair
Oct 20th, 8:53am
CNBC's Steve Liesman reports on the search for...
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Dow, S&P 500 hit fresh records intraday on hope of tax-bill passage
Oct 20th, 8:40am
U.S. stock indexes opened higher on Friday after the Senate passed a budget blueprint for the next fiscal year, a move that is seen as paving the...
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Refinancing Share at Early 2017 Levels
Oct 20th, 8:39am
Posted To: MND NewsWireRefinancing increased its share of total originations in September, rising 3 percentage points from August to 38 percent of...
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New Wholesaler, Lender/Vendor Tools; Capital Markets Product
Oct 20th, 8:38am
Not only are houses becoming smaller, but the lots are smaller also.Trulia tells usthat houses built since 2015 occupy, on average, 25...
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MBS Day Ahead: Bonds Back on The Ropes
Oct 20th, 8:38am
Posted To: MBS CommentaryIt's a crappy day. Sorry to use such an esoteric analytical term, but it's the most accurate way to describe the...
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Lots Account for 17% of New Home Sale Prices
Oct 20th, 8:31am
Earlier this month we published two blogs highlighting record-small sizes and record-high prices of new single-family lots. Extending this...
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Stearns Lending Cutting Southern California Jobs
Oct 20th, 8:05am
Well over a hundred mortgage jobs are being eliminated by Stearns Lending LLC. The impacted employees are located in the Golden State.Data...
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Senate passes a budget, moving the GOP closer to tax reform
Oct 20th, 7:23am
Senators will now have to reconcile their budget resolution with a starkly different one passed by the House....Read More
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Bond Report: Treasury yields jump as Senate passes budget bill, juices risk appetite
Oct 20th, 7:22am
Treasury prices tumble early Friday, pushing yields firmly higher, as the Senate passed a budget late Thursday that was seen as a key bridge to...
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Wall Street expects Powell but still wants Yellen as next Fed chair
Oct 20th, 7:22am
While the CNBC Fed Survey says nearly half expect Trump to nominate Jay Powell, Wall Street thinks he should name Yellen....Read More
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Apartment Lending Sets Another Record
Oct 19th, 5:34pm
After ascending to the highest level on record in 2015, apartment lending activity again established a new record last year.The origination of new...
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Monthly Mortgage Rates Lowest Since Last Year
Oct 19th, 5:19pm
Last month, interest rates on single-family loans fell to their lowest level since last year. In addition, there was a nice week-over-week...
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MBS RECAP: Catalonia (or China!) Helped Early; Powell Saved The Day
Oct 19th, 4:11pm
It was a pretty interesting session for how narrow the range continues to be in bond markets--interesting both for bonds themselves and for...
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New Wholesaler Staffed By Millennials
Oct 19th, 4:06pm
A new wholesale mortgage lender is opening for business in a handful of states with plans to quickly expand to several more. Staffing is dominated...
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Trump leaning toward Powell for Fed chair, officials say
Oct 19th, 3:10pm
Federal Reserve Governor Jerome Powell is the leading candidate to become the chair of the U.S. central bank after President Donald Trump...
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Mortgage Rates Hold Ground Amid Market Volatility
Oct 19th, 3:10pm
Posted To: Mortgage Rate WatchMortgage rates were unchanged to slightly lower today. Political drama in Europe pushed stocks lower overnight and...
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Gallup Vault: No Clear Reason Seen for 1987 Stock Market Crash
Oct 19th, 2:44pm
After the worst one-day decline in U.S. history -- "Black Monday" in October 1987 -- Americans were unclear on why the stock market had...
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Remodelers Report Backlogs, Labor Shortages as Market Grows
Oct 19th, 1:59pm
Home remodeling activity reported by builders increased in the third quarter and remains above the benchmark 50 level for the 18th consecutive...
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Which Fed chair nominee is best for your money?
Oct 19th, 1:57pm
CNBC's Steve Liesman; Michelle Girard, Nat West...
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BB&T Mortgage Lending, Income Sink from Yr Earlier
Oct 19th, 1:28pm
Quarterly mortgage earnings and originations significantly deteriorated from a year earlier at BB&T Corp., while mortgage delinquency worsened...
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President Trump's Fed chair decision looms
Oct 19th, 11:42am
CNBC's Steve Liesman reports on President...
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Jobless claims are the lowest since 1973
Oct 19th, 11:25am
America's job market is red hot....Read More
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Stocks retreat from record, U.S. Treasury yields slip
Oct 19th, 10:59am
NEW YORK (Reuters) - World stock markets broadly retreated amid investor caution after a flurry of tepid corporate earnings reports from around...
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Next Fed candidate to meet with Trump: Janet Yellen
Oct 19th, 10:42am
President Trump meets with Fed Chair Janet Yellen Thursday as he weighs whether to reappoint her as the head of the nation's central bank....Read More
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Hutchins Roundup: Monetary and fiscal space, immigrants and job polarization, and more
Oct 19th, 10:20am
Studies in this week's Hutchins Roundup find that the amount of monetary and fiscal space influences how well countries recover from financial...
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Hurricanes Behind Soaring Mortgage Delinquency
Oct 19th, 10:01am
One-month delinquency on mortgages soared nearly a half-percentage point last month driven by deterioration in states impacted by the recent...
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Scammers are conning home buyers out of their down payment
Oct 19th, 9:14am
Here's how to keep scammers from making off with your down payment....Read More
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Black Knight: "Hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages"
Oct 19th, 9:14am
From Black Knight: Black Knight's First Look at September 2017 Mortgage Data: Hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages •...
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Leading economic indicators fall 0.2 percent, miss expectations
Oct 19th, 9:04am
A key economic indicator was expected to increase slightly in September to continue this year's momentum....Read More
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Internet scammers are now infiltrating housing market on closing day. Here's how they do it
Oct 19th, 8:49am
CNBC's Diana Olick takes a look at how some...
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Initial jobless claims down 22K to 222,000
Oct 19th, 8:48am
CNBC's Rick Santelli reports jobless claims...
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Bond Report: Treasurys see buying as Catalan tensions resurface
Oct 19th, 8:42am
Treasury prices rose, pulling yields lower, on Thursday after the Spanish government said it would suspend Catalonia's autonomy if the breakaway...
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Freddie Changes Student Loan Debt Calculation
Oct 19th, 8:42am
A new Bulletin from Freddie Mac makes several changes to its Seller Guide. The most impactful changes relate to the way sellers can calculate...
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New Vendor Creations; Jumbo and No MI Products
Oct 19th, 8:26am
Yesterday I had some interesting geographic involving the United States that prompted Tony H. to send a few more items. The closest state to...
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MBS Day Ahead: 2 Simple Lines Means Bonds Stay In The Game
Oct 19th, 7:34am
Posted To: MBS CommentaryThe past 3 days were disconcerting for bond markets--especially yesterday, which saw yields move higher at their quickest...
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The Top Markets for Investing in Rental Homes
Oct 19th, 7:19am
The Top Markets for Investing in Rental Homes...Read More
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CoreLogic Releases First HPI Forecast Validation Report
Oct 19th, 7:19am
Analysis Reveals 12-Month, National Forecast is Within 0.7 Percent of Actual HPI Increase New Report Also Quantifies Forecast Accuracy for Key...
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Building or Purchasing a US Home? It's Getting Even Pricier
Oct 19th, 7:19am
Bloomberg Building or Purchasing a US Home? It's Getting Even Pricier Bloomberg A confluence of disasters is giving the U.S. construction...
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Trump's Pick to Run Mortgage Agency Has Helped Lenders Fight It
Oct 19th, 7:16am
Bloomberg Trump's Pick to Run Mortgage Agency Has Helped Lenders Fight It Bloomberg For the past eight years, Brian Montgomery has helped...
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Freddie Updates Appraisal Requirements
Oct 18th, 5:44pm
Updates are being made to the Federal Home Loan Mortgage Corp.'s appraisal policies. The change is being made to streamline requirements.Freddie...
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MBS RECAP: Stronger Selling and Lighter Volume Raise Doubts
Oct 18th, 3:58pm
Everything seemed so simple last Friday when bonds were surging past technical barriers in strong volume--ostensibly ringing the dinner bell...
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Multifamily Hurts Housing Permits, Completions
Oct 18th, 3:50pm
Although there was a month-over-month improvement in the pace of single-family housing permits and completions, apartment activity...
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Mortgage Rates Rise Only Modestly Despite Market Weakness
Oct 18th, 3:13pm
Mortgage ratesmoved modestly higher today despite bigger movement in underlying bond markets. In part, this is a byproduct of the way...
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Here's how the Fed is flattening the yield curve
Oct 18th, 2:56pm
Traders betting on the yield curve to steepen are looking into a two-barreled shotgun – a Federal Reserve intent on raising rates and lackluster...
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MGIC Earnings Leap as Delinquency Sinks
Oct 18th, 2:50pm
Quarterly earnings at MGIC Investment Corp. soared on a year-over-year basis, while new business improved on a quarter-over-quarter basis....
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Fed likely to stick to gradual hikes: Evercore's Krishna Guha
Oct 18th, 2:08pm
Brian Belski, BMO Capital Markets, and Krishna...
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Treasurys on the move
Oct 18th, 1:14pm
CNBC's Jackie DeAngelis reports on the U.S....
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Fed's Beige Book: "Modest to moderate"expansion, Labor markets "Tight"
Oct 18th, 1:12pm
Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Minneapolis based on information collected on or before October 6, 2017"...
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Why Fewer New Homes Are on the Horizon Despite the Housing Shortage
Oct 18th, 1:12pm
Builders received fewer permits to put up new homes in September-and that could have a big impact on the housing market and the dearth of homes...
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US Bank Mortgage Income, Lending Down from Yr Ago
Oct 18th, 12:17pm
While quarterly mortgage earnings and originations held up from the prior period at U.S. Bancorp, both retreated from a year ago. Residential...
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Why the market is wrong about John Taylor, who Trump might make the Fed chief
Oct 18th, 11:35am
For Fed chair, Trump is seriously considering John Taylor, whose academic work suggests that interest rates could be nearly triple where they are...
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Investors don't know how to price in tax reform right now: JPMorgan's Jack Caffrey
Oct 18th, 11:10am
Jack Caffrey, JPMorgan Private Bank, and Stephen...
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CFPB further updates HMDA Rule guidance materials
Oct 18th, 10:47am
The CFPB recently posted on its website updated versions of guidance in connection with the revisions to the Home Mortgage Disclosure Act (HMDA)...
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Bond market flashing warning sign even as stocks rally to new highs
Oct 18th, 10:38am
The bond market is warning that trouble could be on the horizon either from an economic slowdown or eventual recession....Read More
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'The housing market can't take the shock of a natural event,' real estate economist w
Oct 18th, 10:16am
Given the acute construction labor shortage, reconstruction and its repercussions in residential real estate could be yet another disaster....Read...
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AIA: Architecture Billings Index "Backslides Slightly" in September
Oct 18th, 10:04am
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index...
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California housing market eases into fall homebuying season, C.A.R. Reports
Oct 18th, 9:55am
LOS ANGELES, Oct. 18, 2017 /PRNewswire-USNewswire/ -- California's housing market eased into the fall homebuying season as seasonally adjusted...
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Weekly Mortgage Application Volume Increases
Oct 18th, 9:26am
Prospective borrowers were busier during the holiday week completing applications for a new mortgage. Both refinancing and purchase financing...
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Bond Report: 2-year Treasury yield hits fresh 2008 high as prospect of December hike looms
Oct 18th, 9:23am
Treasury prices fall, pushing yields higher, on Wednesday as expectations for a rate increase in December continue to gain traction, adding to...
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Rising seas threaten nearly $1 trillion worth of US homes, and most are moderately priced: Zillow
Oct 18th, 9:08am
More than $900 billion worth of U.S. residential real estate could be lost, a new report says....Read More
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Housing Starts Still Under The Weather; Single-Family Permits on The Mend
Oct 18th, 8:58am
The U.S. Census Bureau is mum on causation, but results from the southern region would indicate that the August and September hurricanes probably...
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Housing starts down 4.7% in September
Oct 18th, 8:56am
CNBC's Rick Santelli breaks down the latest...
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Hurricanes Impact on Housing Could Last
Oct 18th, 8:51am
Posted To: MND NewsWireFannie Mae has lowered its third quarter projections for GDP growth by 0.2 percent to an annualized 2.4 percent based on...
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MBS Day Ahead: Time For That Mid-October Craziness in Bonds
Oct 18th, 8:43am
Posted To: MBS CommentaryAh mid-October... All too often in the 2009-2014 time frame, we'd seen abrupt reversals of trends at this time of...
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Mortgage Applications Regain Footing
Oct 18th, 8:12am
Posted To: MND NewsWireThe volume of mortgage applications increased last week for the first time since early September. The Mortgage Bankers...
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Mnuchin: The stock market will see 'significant' drop if tax reform doesn't pass
Oct 18th, 7:56am
In a podcast, Mnuchin gives an "absolute guarantee" President Trump will sign a tax reform bill this year....Read More
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Trump to interview Yellen about reappointment
Oct 18th, 7:55am
CNBC's Steve Liesman reports President Trump is...
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The only thing scary about the Dow is that nothing seems to scare it
Oct 18th, 7:53am
The S&P 500 has not had a drawdown greater than 3 percent this year. Nothing at all seems to move the needle. Why is that?...Read More
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Mulvaney Sees Tax Bill Pushed to 2018 If Budget Isn't Approved
Oct 18th, 7:52am
Bloomberg Mulvaney Sees Tax Bill Pushed to 2018 If Budget Isn't Approved Bloomberg White House Budget Director Mick Mulvaney warned that...
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The Wall Street Journal: Germany's top court denies request to halt ECB bond buying
Oct 18th, 7:51am
Germany's top court threw out a cease-and-desist request that could have halted the European Central Bank's giant bond-buying program, offering...
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U.S. housing starts fall to one-year low
Oct 18th, 7:51am
WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of...
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Bank Regulators Waive Appraisals in Hurricane Areas
Oct 17th, 4:30pm
In an effort to help the recovery of areas impacted by the recent hurricanes, federal banking regulators have temporarily waived the requirement...
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MBS RECAP: Bonds Scramble Back to Unchanged, Leaving Outlook Cloudy
Oct 17th, 3:52pm
Treasuries and MBS have spent the past 2 days trading well inside the range set by last Friday's volatility (big rally following CPI...
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Trump likely to name Fed chair by early November: source
Oct 17th, 3:37pm
WASHINGTON (Reuters) - U.S. President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is...
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Trump indicates Fed search down to 5 finalists
Oct 17th, 3:35pm
WASHINGTON- President Donald Trump said Tuesday that he is likely to make his selection for the next Federal Reserve chairman from five...
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Closing Bell Exchange: Dow sets record intraday high
Oct 17th, 3:34pm
Discussing the current state of the markets with...
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5-Month High for GSE Refinances
Oct 17th, 3:22pm
The volume of government-sponsored enterprise loans that were refinanced ascended to the highest level in five months -- though government...
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Mortgage Rates Rise a Bit More From Recent Lows
Oct 17th, 2:51pm
Posted To: Mortgage Rate WatchMortgage rates were at their best levels in roughly a month last Friday afternoon. Since then, they've risen...
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Mortgage Origination Outlook Boosted By $249 Bil
Oct 17th, 2:33pm
The latest forecast for overall residential loan production this year and next year has been beefed up by nearly $250 billion. But last year's...
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Janet Yellen's future at Fed is market's biggest risk, warns Oppenheimer's Stoltzfus
Oct 17th, 1:37pm
If Janet Yellen isn't reappointed at Fed, it could be bad news for stocks, Oppenheimer's John Stoltzfus says....Read More
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Acting Comptroller of the Currency Issues Statement Regarding Home Mortgage Disclosure Act Reporting
Oct 17th, 1:26pm
The Office of the Comptroller of the Currency (OCC) today issued a bulletin to inform national banks, federal savings associations, and insured...
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GSE G-Fees Decline
Oct 17th, 12:44pm
Driven by competitive market pressures, average guarantee fees charged by the government-sponsored enterprises for residential loans rose last...
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Serious Mortgage Delinquency Inches Up, Could Worsen
Oct 17th, 12:05pm
There was an up tick last month in the rate of serious mortgage delinquency. Recent natural disasters could push the rate ever higher over the...
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Lawrence Yun to Discuss Housing Market at 2017 SCCAOR Convention
Oct 17th, 12:00pm
SAN JOSE, Calif., Oct. 17, 2017 /PRNewswire-USNewswire/ -- Real Estate Professionals from across the Bay Area will come together on Tuesday,...
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Santelli Exchange: Flat curves and noisy distortions
Oct 17th, 11:43am
CNBC's Rick Santelli discusses yield curve...
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Fed chair decision expected before November 3rd trip
Oct 17th, 11:37am
CNBC's Eamon Javers reports that President...
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Trump likely to name Fed chair by early November
Oct 17th, 11:25am
President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve....Read More
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Builder Confidence Recovers
Oct 17th, 11:21am
After plunging last month, the level of confidence among the country's residential home builders this month more than made up the ground it...
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Fund managers bet on rising interest rates but not on tax cut boost for stocks
Oct 17th, 10:48am
Global fund managers are betting on higher interest rates, but they do not expect U.S. tax reform to bring significant risk asset gains....Read More
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"Reinventing Development Regulations" Urges Zoning Reform
Oct 17th, 10:21am
CAMBRIDGE, Mass., Oct. 17, 2017 /PRNewswire-USNewswire/ -- Every community across the land can and should revise their zoning -and subdivision...
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Marketplace Lender Offering Bridge Loans
Oct 17th, 10:09am
A fast-growing company that claims to be the biggest marketplace lender in the mortgage space has announced plans to acquire more than $1 billion...
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Builders' Confidence Returns as Hurricane Worries Wane
Oct 17th, 9:35am
After reacting strongly to Hurricanes Harvey and Irma with a four-point drop in September, the Housing Market Index (HMI) regained its footing in...
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Industrial production up 0.3% in September
Oct 17th, 9:28am
CNBC's Rick Santelli breaks down the latest...
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Construction Numbers Look Much Better Broken Down by State
Oct 17th, 9:26am
It has been a rather dismal spring and summer for construction, one in which permitting has declined in three out of the last four months. Going...
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Bond Report: Treasury yields extend rise after stronger-than-expected import prices
Oct 17th, 9:23am
Treasurys saw modest selling, pushing yields higher, on Tuesday trade after better-than-expected economic data...Read More
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U.S. Economic Confidence Index Dips to -1 Last Week
Oct 17th, 8:57am
Americans' confidence in the U.S. economy tilted slightly negative last week for the first time in 2017. Gallup's U.S. Economic Confidence Index...
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Economic Growth Outlook Unchanged Following Recent Hurricanes
Oct 17th, 8:44am
WASHINGTON, Oct. 17, 2017 /PRNewswire/ -- The full-year 2017 economic growth forecast remains unchanged at 2.2 percent following...
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September import prices up 0.7%, export prices up 0.8%
Oct 17th, 8:25am
CNBC's Rick Santelli breaks down the latest...
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Sale and Contract Prices per Square Foot in 2016
Oct 17th, 8:23am
Looking at single-family homes started in 2016, the median prices per square foot, excluding improved lot values, range from $164 for...
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US industrial output picks up in September
Oct 17th, 8:23am
U.S. industrial output was expected to bounce back in September....Read More
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Import prices in September recorded their biggest increase in more than a year
Oct 17th, 8:23am
U.S. import prices in September recorded their biggest increase in more than a year amid rising petroleum and food costs....Read More
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Wire Fraud, MBI and LEP Products; HMDA Stats; The Fed's Leadership
Oct 17th, 8:22am
Posted To: Pipeline PressDoes the Fed Chairman make a difference? Yes. Taylor and Powell’s names continue to be mentioned, although Trump is...
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MBS Day Ahead: Quickly Becoming a Battle to Remain in a Friendly Trend
Oct 17th, 8:18am
As we discussed last week, the positive technical signals don't get much clearer than they did after Friday's CPI data (weak inflation helped...
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Bad news for the bulls: There are now more bulls
Oct 17th, 7:29am
The Investors Intelligence Bull/Bear ratio has climbed to its highest level in two and a half years - which ironically may serve as a bad sign for...
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Wall Street records continue; Dow closes in on 23,000
Oct 17th, 7:28am
U.S. stock index futures were flat this morning,...
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Powell likely next Fed chief, though Yellen best suited: economists
Oct 17th, 7:19am
LONDON (Reuters) - Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll -...
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Taylor Impresses Trump for Fed Chairman, Warsh Slips - Bloomberg
Oct 17th, 7:19am
Bloomberg Taylor Impresses Trump for Fed Chairman, Warsh Slips Bloomberg Stanford University economist John Taylor, a candidate for Federal...
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Goldman Sachs quarterly bond trading revenue drops 26 percent
Oct 17th, 7:18am
(Reuters) - Goldman Sachs Group Inc reported a decline in quarterly profit, as gains in investment banking were offset by a 26 percent drop in...
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Several Mortgage-Related Events in November
Oct 16th, 5:33pm
A number of mortgage-related conferences and events are on the calendar for the rest of this year -- including several that take place next month....
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MBS RECAP: Political Headlines Cause Volatility in a Narrow Range
Oct 16th, 4:01pm
If the only things you could observe about today's bond trading were volumes and "buy vs sell," there were a few moments where things got...
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Trump: Economic development bill coming soon
Oct 16th, 3:02pm
President Donald Trump and Senate Majority Leader...
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Most States Saw Permit Growth Over August YTD
Oct 16th, 3:00pm
According to the Census Bureau, over the first eight months of 2017 the total number of permits, which included single-family and multi-family,...
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Trump to interview Yellen about Fed chair appointment this week: Politico
Oct 16th, 2:59pm
If the president appoints Yellen to another term as the nation's top central banker, it will be a sharp turn from the president's prior remarks...
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Task Force to Tackle VA Refinance Churning
Oct 16th, 1:51pm
Two agencies of the federal government have combined forces to deal with excessive churning of mortgages that are guaranteed by the Department of...
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1st Bank Failure in 5 Months
Oct 16th, 1:30pm
A 116-year-old Kansas bank that survived two world wars and the Great Depression was the first federally insured bank to fail in the last five...
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California wildfire victims eligible for mortgage and tax payment relief
Oct 16th, 1:19pm
Individuals who live in areas affected by the recent blazes may be able to postpone upcoming mortgage and tax payments....Read More
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Your Next Home Could Run on Batteries
Oct 16th, 1:19pm
A combination of solar power and the rise of residential energy storage paves the way for a new kind of cable cutting. The post Your Next Home...
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California extends sanctions against Wells Fargo for at least another year
Oct 16th, 12:02pm
(Reuters) - California will extend sanctions against Wells Fargo & Co for at least another year, Treasurer John Chiang said at a press...
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Santelli Exchange: The conventional wisdom of politicized issues
Oct 16th, 11:36am
CNBC's Rick Santelli discusses the...
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September Home Sales Slow Amid Strong Prices, Low Inventory
Oct 16th, 11:19am
DENVER, Oct. 16, 2017 /PRNewswire/ -- September became the fifth month this year to post a decline in home sales compared to a record-setting...
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Credit card data shows delinquencies rose in September
Oct 16th, 10:53am
Credit card delinquency rose for the third straight month in September, according to data from JPMorgan Chase & Co and card issuer...
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Mortgage Business Expands at First Republic Bank
Oct 16th, 10:31am
Single-family lending activity was stronger than a year ago at First Republic Bank. The residential servicing and asset portfolios both continued...
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US homeowners' insurance is industry 'growth engine' with $93bn premium forecast - Ao
Oct 16th, 10:27am
CHICAGO, Oct. 16, 2017 /PRNewswire/ -- Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), today launches...
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Phoenix Real Estate in September: Sales up slightly, Inventory down 10% YoY
Oct 16th, 10:06am
This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple...
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Central bank monetary policies are responsible for low inflation: Sri Kumar
Oct 16th, 10:01am
Edward Campbell, QMA managing director, and Sri...
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Dow, S&P 500, Nasdaq hit record levels at open
Oct 16th, 10:00am
CNBC's Seema Mody takes a look at what's...
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Buy a home with bitcoin? Here's how one couple did it
Oct 16th, 10:00am
CNBC's Diana Olick takes a look at how...
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FINRA orders Wells Fargo to pay clients $3.4 million over sales practice issues
Oct 16th, 9:43am
NEW YORK (Reuters) - The Financial Industry Regulatory Authority on Monday ordered Wells Fargo & Co.'s clearing services and Wells Fargo...
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Trump should rip the Band-Aid with new Fed chief pick, says wealth fund advisor
Oct 16th, 9:42am
Sri-Kumar believes stocks would be better served in the long-run with hawkish Kevin Warsh....Read More
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Six In Ten New Homes Are Built In Community Associations
Oct 16th, 9:26am
According to data from the Census Bureau's Survey of Construction (SOC), 59.8 percent of all homes started in 2016 were built within a community...
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MBS Day Ahead: Bonds Can Absorb Some Weakness Without Derailing The Trend
Oct 16th, 8:27am
Posted To: MBS CommentaryIt looks like it will be touch and go for bonds as the week begins. If yields or technicals touch certain overhead...
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Big Bank Earnings and News; M&A Continues
Oct 16th, 8:26am
Given the latest tax plan, will the mortgage interest deduction stay, but become worthless? The GOP blueprint would double the standard deduction...
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Bond Report: Treasury yields lifted by Yellen's support for further rate hikes
Oct 16th, 8:24am
Treasury yields rose on Monday after Federal Reserve Chairwoman Janet Yellen left open the possibility of another interest rate increase this...
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NY Fed: Manufacturing Activity "grew at a robust pace" in October
Oct 16th, 8:24am
From the NY Fed: Empire State Manufacturing Survey Business activity grew at a robust pace in New York State , according to firms responding to...
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US Treasurys lower as investors digest central bank remarks, await data
Oct 16th, 7:23am
U.S. government debt prices were lower Monday, as investors digested the latest comments coming from leading central banks and turned their...
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Fed's Rosengren sees three to four rate hikes next year
Oct 16th, 7:22am
The Fed will probably need to raise interest rates in December and then three or four times "over the course of next year,"...
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Yellen sounds upbeat note on economy and inflation prospects
Oct 16th, 7:19am
Yellen's comments suggest the Fed will soon resume raising interest rates to reflect the strengthening economy....Read More
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Purchase Biz Sinks as Mortgage Market Index Down
Oct 14th, 3:50pm
As new mortgage activity softened during the holiday week, weekly purchase-money business sank to the lowest level since January. Government share...
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MGIC Improves M.I. Pricing
Oct 13th, 4:18pm
Changes being made by Mortgage Guaranty Insurance Corp. will result in improved prices on mortgage insurance premiums for some borrowers.On...
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PNC's Mortgage Income, Lending Off From Year Ago
Oct 13th, 4:02pm
While The PNC Financial Services Group Inc.'s mortgage earnings and originations weakened from a year earlier, third-party mortgage servicing has...
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MBS RECAP: Bonds Bounce Big After Weak Inflation Report
Oct 13th, 3:30pm
There was a time--in fact, there was a stretch of several years--when inflation-related reports just didn't matter. I would have been...
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Fannie Mae Reminds Homeowners, Servicers of Mortgage ...
Oct 13th, 2:21pm
News Release. Share This: October 13, 2017. Fannie Mae Reminds Homeowners and Servicers of Mortgage Assistance ......Read More
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Freddie Mac Confirms Disaster Relief Policies Amid California Wildfires
Oct 13th, 2:21pm
Freddie Mac Confirms Disaster Relief Policies Amid California Wildfires...Read More
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Wells Fargo revises expense outlook, signaling profit difficulties ahead
Oct 13th, 2:21pm
(Reuters) - Wells Fargo & Co management signaled on Friday that the bank may struggle to hit expense targets through next year, raising...
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Mortgage Rates Back Into The 3's After Inflation Report
Oct 13th, 1:47pm
Mortgage ratesmoved lower today. For many lenders, it was the biggest drop in more than a month and it also brings them to the best...
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Trump: We cannot and will not certify Iran nuclear deal
Oct 13th, 1:43pm
President Donald Trump holds a press conference...
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JPMorgan CEO Jamie Dimon: I could care less about bitcoin
Oct 13th, 1:42pm
JPMorgan CEO Jamie Dimon breaks down his view on...
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Want to be a landlord? These are the top markets this fall for investing in rental homes
Oct 13th, 1:22pm
While the national picture of high home prices and a tight supply of homes for sale may look bleak, certain local markets are still lucrative...
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Bonds have taken in huge amounts of cash this year, but that could be changing
Oct 13th, 1:21pm
Investors have poured more than $100 billion into bonds this year. Fixed income experts believe a turnaround could be at hand....Read More
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Ocwen Unit Among Recent 3rd-Party Lenders to Close
Oct 13th, 1:09pm
Among three third-party mortgage originators that are closing is an Ocwen Financial Corp. unit. Multiple credit unions failed over this past...
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CNBC Exclusive: CNBC Transcript: Federal Reserve Vice Chairman Stanley Fischer Speaks with Sara Eise
Oct 13th, 11:42am
CNBC Exclusive: CNBC Transcript: Federal Reserve Vice Chairman Stanley Fischer Speaks with Sara Eisen on "Squawk on the Street" Today...Read More
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Wells' Mortgage Income Worse, Originations to Drop
Oct 13th, 11:24am
Mortgage earnings deteriorated at Wells Fargo & Co. While there was a modest quarter-over-quarter rise in home lending, current-quarter...
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Consumer sentiment index at 101.1 for October
Oct 13th, 10:53am
CNBC's Rick Santelli reports the latest...
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Fed's Stanley Fischer: You can rely on the Fed to be pretty measured
Oct 13th, 10:08am
Federal Reserve Vice Chair Stanley Fischer speaks...
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Mortgage Guidelines Could Twice as Loose and it Still Wouldn't be 2007 Again
Oct 13th, 9:56am
The Mortgage Bankers Association's Mortgage Credit Access Index, released earlier this week, showed continued slight easing in the credit markets,...
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Mortgage Guidelines Could be Twice as Loose and it Still Wouldn't be 2007 Again
Oct 13th, 9:56am
Posted To: MND NewsWireThe Mortgage Bankers Association's Mortgage Credit Access Index, released earlier this week, showed continued slight easing...
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Departing Fed Vice Chair Fischer says there's a 'good chance' of a hike in December
Oct 13th, 9:50am
Stanley Fischer, vice chairman of the Federal Reserve who is stepping down, gave some parting thoughts to CNBC....Read More
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Larry Summers backs Yellen to stay as Fed chair
Oct 13th, 9:38am
CNBC's Sara Eisen reports the highlights so far...
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Cost of Living Adjustment increases 2.0% in 2018, Contribution Base increased to $128,700
Oct 13th, 9:32am
With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2018. From Social...
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Consumer sentiment hits 101.1 in October vs. 95 estimate
Oct 13th, 9:05am
Consumer confidence was expected to build in October, after slipping from a seven-month high in September....Read More
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Manufactured Homes Post August Increase
Oct 13th, 8:55am
According to the U.S. Census Bureau, shipments of manufactured homes increased by 7.6% to an 85,000 seasonally adjusted annual rate in August,...
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BofA Mortgage Swings to Loss as Origination Drop
Oct 13th, 8:42am
Bank of America Corp.'s mortgage business contracted as repurchases and mortgage-servicing rights valuations drove mortgage earnings into the...
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Wells Fargo revenue suffers on mortgage banking slump
Oct 13th, 8:38am
(Reuters) - Wells Fargo & Co. , which has been embroiled in a prolonged scandal over its mortgage and sales practices, on Friday missed Wall...
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Lender and Investment Bank Updates - New Products; All Eyes on Fed
Oct 13th, 8:24am
Per Fed Chair Janet Yellen, the Federal Reserve has been working to revise post-crisis financial regulations, making them less onerous and better...
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Fed's Rosengren warned 'large policy mistakes' could come from setting a specific rul
Oct 13th, 8:22am
Forcing the Fed to hew to a specific rule for setting monetary policy could lead to "large policy mistakes," a U.S. central...
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Retail sales up 1.6% in September
Oct 13th, 8:11am
Jim Iuorio, CNBC contributor, breaks down the...
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US Consumer Price Index rose 0.5% in Sept, vs 0.6% increase expected
Oct 13th, 7:52am
U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared....Read More
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Wells Fargo hit by legal charges, mortgage banking slump
Oct 13th, 7:49am
(Reuters) - Wells Fargo & Co reported an 18.6 percent decline in quarterly profit on Friday, hurt by previously disclosed legal costs and a...
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US retail sales rose 1.6% in Sept, vs 1.7% increase expected
Oct 13th, 7:49am
U.S. retail sales were expected to increase 1.7 percent in September, after sliding 0.2 percent a month earlier....Read More
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MBS Day Ahead: All Rise! The Judge is In
Oct 13th, 7:18am
My apologies to baseball fans, both of you. The "judge" in today's case is this morning's CPI (Consumer Price Index) data. Bonds...
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Wells Fargo earnings are coming — here's what Wall Street expects
Oct 13th, 6:53am
Wells Fargo was scheduled to report third-quarter earnings Friday morning before the opening bell....Read More
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BofA profit rises on higher rates, lower costs
Oct 13th, 6:51am
(Reuters) - Bank of America Corp , the second-largest U.S. bank by assets, reported a 15 percent rise in quarterly profit as the lender kept a...
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MBS RECAP: Bonds Starting to Gather Momentum Again
Oct 12th, 7:04pm
Posted To: MBS CommentaryBond markets are matching their best 3-day performance in over a month with today's stronger closing levels. Unlike...
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Be Careful What You Read About Mortgage Rates Today
Oct 12th, 6:19pm
Mortgage ratedata collection is tricky business. Some sources rely on survey data that can have a limited collection window and a...
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John Taylor met Trump about Fed chair post
Oct 12th, 5:55pm
President Donald Trump met with Stanford University economist John Taylor in the search for a new chairman of the Federal Reserve, a White House...
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Goldman wants to help flip that house
Oct 12th, 5:54pm
Add house-flippers to Goldman Sachs' ever-expanding roster of potential clients as the Wall Street firm hunts for new ways to make money...Read More
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Fixed Interest Rates on Home Loans Jump
Oct 12th, 5:38pm
Interest rates on residential loans turned higher this past week. The escalation came despite severe deterioration in monthly employment...
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Small Portfolio of GSE MSRs On the Market
Oct 12th, 4:24pm
Investors hungry for servicing have an opportunity to buy mortgage servicing rights on nearly $200 million in government-sponsored enterprise...
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Hotel Occupancy Rate increases YoY, Just behind Record Year
Oct 12th, 2:01pm
From HotelNewsNow.com: STR: US hotel results for week ending 7 October The U.S. hotel industry reported positive year-over-year results in the...
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Citi Mortgage Earnings, Lending Down From Year Ago
Oct 12th, 1:18pm
While company-wide earnings improved at Citigroup Inc., mortgage earnings deteriorated from a year ago. It was a similar story for home-lending...
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SunTrust managing director: Risk impacting Equifax's business model has receded
Oct 12th, 1:01pm
Andrew Jeffrey, SunTrust managing director,...
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Equifax investigating another potential hack
Oct 12th, 12:59pm
CNBC's Josh Lipton reports on Equifax shares...
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Ex-Treasury Secretary Summers: White House tax plan 'indefensible'
Oct 12th, 12:52pm
Larry Summers ripped the Trump administration Thursday for "real sacrifices of seriousness and credibility" about its tax reform proposal....Read More
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Hacked again? Equifax shares drop after possible new cyberbreach
Oct 12th, 12:51pm
Equifax's website was under the control of attackers trying to trick visitors into installing fraudulent Adobe Flash updates....Read More
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Equifax takes down web page after reports of new hack
Oct 12th, 11:55am
NEW YORK (Reuters) - Equifax Inc said on Thursday it has taken one of its customer help web pages offline as its security team looks into reports...
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Wholesale Lender Automates To Expand Business Growth
Oct 12th, 11:24am
MORE Lending has implemented Portfolio Producer from LoanScorecard as its automated underwriting system (AUS), product and pricing engine (PPE),...
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Bullard: Fed 'should defend' inflation target, risks losing credibility otherwise
Oct 12th, 11:19am
WASHINGTON (Reuters) - The Fed needs to mount a clear defense of its 2 percent inflation target or risk losing credibility, and possibly...
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The Fed: Bernake proposes Fed adopt ‘temporary' price-level targeting to combat next r
Oct 12th, 10:53am
Former Federal Reserve chairman Ben Bernanke said the central bank needs to adopt price-level targeting, temporarily, to combat the next...
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Federal Reserve to offer seven-day term deposits on October 19
Oct 12th, 10:25am
Federal Reserve to offer seven-day term deposits on October 19...Read More
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Fed Governor Jerome Powell: Monetary policy should continue to be gradual
Oct 12th, 10:09am
CNBC’s Steve Liesman reports on comments from Fed...
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Chase Ascends to Biggest Bank as Branches Cut
Oct 12th, 10:09am
Third-party mortgage servicing has been reduced 19 quarters in a row at JPMorgan Chase & Co., which now claims to be the biggest bank in spite...
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MBA Predicts Plunge in New Home Sales; Hurricanes Blamed
Oct 12th, 10:01am
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) is forecasting that a significant decline in new home sales occurred last month....
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Brainard, Rethinking Monetary Policy in a New Normal
Oct 12th, 9:37am
Speech At the Panel on Monetary Policy "Rethinking Macroeconomic Policy," a conference sponsored by the Peterson Institute for...
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Mortgage Rates Jump Up
Oct 12th, 9:12am
Mortgage Rates Jump Up...Read More
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Black Knight Launches the Servicing Analytics Suite, a Powerful and Unique Solution to Help Mortgage
Oct 12th, 9:02am
Black Knight Launches the Servicing Analytics Suite, a Powerful and Unique Solution to Help Mortgage Servicers More Effectively Manage...
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Comparing Housing Booms and Busts
Oct 12th, 8:46am
With home prices nearly back to where they were when the housing crisis began, CoreLogic's principal economist Molly Boesel compares the duration...
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PPI up 4.4% in September, initial jobless claims down 15K to 243,000
Oct 12th, 8:34am
CNBC's Rick Santelli breaks down the latest...
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HMDA Dashboard; Upcoming Training; UCD News
Oct 12th, 8:33am
The driving force of housing prices is supply and demand, and the demand is increasing. In the Bay Area, and for hundreds of miles north, the...
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Temporary price-level targeting: An alternative framework for monetary policy
Oct 12th, 8:31am
Low nominal interest rates, low inflation, and slow economic growth pose challenges to central bankers. In particular, with estimates of the...
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Bond Report: Treasury yields tip lower ahead of jobless claims, producer prices
Oct 12th, 8:29am
Treasury yields edged lower on Thursday as traders braced for a raft of early economic data that could set the tone for the rest of the trading...
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MBS Day Ahead: Still Waiting For The Trading Week to Start (Tomorrow)
Oct 12th, 8:04am
Posted To: MBS CommentaryCPI, CPI, CPI... The "Consumer Price Index" is the one thing on this week's economic calendar that stood...
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JPMorgan loan growth 'better than lowered expectations': Analyst
Oct 12th, 7:27am
Jim Sinegal, Morningstar senior equity analyst,...
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JPMorgan beats Street, fixed income revenue down 27% from last year
Oct 12th, 7:27am
CNBC's Wilfred Frost breaks down JPMorgan's...
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Investors eye potential December rate hike
Oct 12th, 7:27am
Tony Crescenzi of PIMCO gives his take on the Fed...
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Treasury Secretary Mnuchin says state and local tax breaks 'a major loophole that we're tr
Oct 12th, 7:21am
Treasury Secretary Steven Mnuchin spoke to CNBC on Thursday as the administration is trying to usher its tax reform plan through Congress....Read More
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CFPB updates TRID Rule small entity compliance guide
Oct 12th, 7:20am
The CFPB recently released a revised version of the TILA-RESPA Integrated Disclosure Rule Small Entity Compliance Guide. The revised version...
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California Wildfires: Housing Markets Will Likely Feel Devastating Effects for Years
Oct 12th, 7:18am
The wildfires ravaging Northern California's wine country will make the housing crunch in the area even worse-it could take up to a decade for...
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Ginnie's FY 2017 MBS Issuance Up, Book Expands
Oct 11th, 4:38pm
Annual fiscal securitizations conducted on behalf of the Government National Mortgage Association increased, while the book of business continued...
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MBS RECAP: Well? Get On With It!
Oct 11th, 4:34pm
Posted To: MBS Commentary"Well? Get on with it!" That about sums up what the average bond market watcher was thinking at the end of...
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Over $3 Billion in GSE Mortgages for Sale
Oct 11th, 4:03pm
More than $3 billion in reperforming and non-performing government-sponsored enterprise mortgages are being marketed for sale to the highest...
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Money Strong president: Fed minutes validate December rate hike
Oct 11th, 3:08pm
Danielle DiMartino Booth, Money Strong president,...
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Stock market notches trifecta of all-time highs as Fed minutes hint at gradual rate hikes
Oct 11th, 3:08pm
U.S. stocks closed at all-time highs on Wednesday after minutes from the Federal Reserve's policy-setting gathering in September indicated a...
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House Panel's Dodd-Frank Tweaks Won't Add Up to 'a Big Number'
Oct 11th, 3:08pm
Bloomberg House Panel's Dodd-Frank Tweaks Won't Add Up to 'a Big Number' Bloomberg President Donald Trump promised...
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Rent in San Francisco, but buy in Detroit
Oct 11th, 3:08pm
You're better off renting than buying a home alone in cities like San Jose and San Francisco....Read More
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Construction Job Openings Reach New Cycle High
Oct 11th, 3:08pm
The count of unfilled jobs in the construction sector continued to rise in August, reaching the highest level since February 2007. Given the...
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Mortgage Rates Stay Stubborn
Oct 11th, 2:44pm
Mortgage rateshaven't done muchover the past few days, with the average lender offering substantially similar quotes every day in...
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Fed: Increase in rates likely to be warranted
Oct 11th, 1:32pm
CNBC's Steve Liesman reports the minutes from...
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Does Rent Control Impact Crime Rates? These Economists Have the Answer…
Oct 11th, 1:32pm
A new report adds to the growing literature concerning the effects of rent control. The post Does Rent Control Impact Crime Rates? These...
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U.S. House panel approves $36.5 billion for disaster relief
Oct 11th, 1:32pm
WASHINGTON (Reuters) - The U.S. House of Representatives' Appropriations Committee has approved $36.5 billion in emergency funding for relief and...
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Fed minutes: December rate hike all but certain despite low inflation
Oct 11th, 1:32pm
Fed minutes: December rate hike all but certain despite low...
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Minutes of the Federal Open Market Committee, September 19-20, 2017
Oct 11th, 1:32pm
Minutes of the Federal Open Market Committee, September 19-20, 2017...Read More
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Marketplace Home Lender Hiring Dozens in PA
Oct 11th, 1:23pm
Dozens of technology employees are expected to be hired in Pennsylvania by a mortgage marketplace lender that has closed more than $1.7 billion in...
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Criminal Charges Dropped Against Bank But Not Execs
Oct 11th, 12:02pm
Criminal charges against a bank that took money from the Troubled Asset Relief Program have been dropped. But former executives still stand...
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Fed's Departing Vice Chair On Stocks, The Federal Debt And Transparency
Oct 11th, 12:01pm
Stanley Fischer says that despite record highs in the stock market - boosted by the Fed's low interest rates - he doesn't see a bubble. But he...
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FICO Doubles the Power of Cybersecurity Score to Predict Breaches
Oct 11th, 11:53am
SAN JOSE, Calif., Oct. 11, 2017 /PRNewswire/ -- HIGHLIGHTS: The latest analytic model in the FICO® Enterprise Security Score is twice as accurate...
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Realtor.com® Survey Indicates Haunted Homes Don't Always Have to be a Deal Breaker
Oct 11th, 10:52am
SANTA CLARA, Calif., Oct. 11, 2017 /PRNewswire/ -- Many people are open to living with ghosts year-round, especially when a few bumps in the night...
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Central banks have really distorted the markets: WBI Investments' Don Schreiber
Oct 11th, 10:26am
Discussing the current market themes as earnings...
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How Trump tax plan would alter mortgage interest deduction
Oct 11th, 10:07am
Homeowners have a deduction from their taxes for the interest on their mortgages, but Trump's tax proposal will steer some away from this...
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Freddie Mac Prices Last Planned High LTV Deal of the Year
Oct 11th, 9:47am
Freddie Mac Prices Last Planned High LTV Deal of the Year...Read More
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Purchase Money Business Stronger Than Year Ago
Oct 11th, 9:43am
Overall mortgage application volume was down from a week earlier. But compared to a year earlier, applications for home-purchase loans have...
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With Yellen's term coming up, will the broader market rally continue?
Oct 11th, 9:28am
Two big questions investors are wrestling with...
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BLS: Job Openings Decreased Slightly in August
Oct 11th, 9:19am
From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 6.1 million on the last business day of...
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California Homeowners in Default Now Able to Submit Loan Modification Applications
Oct 11th, 9:13am
LOS ANGELES, Oct. 11, 2017 /PRNewswire/ -- In 2012, when the California Homeowner's Bill Of Rights was enacted, much fanfare was made about the...
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CA Fire Declaration, Lender and Investor Disaster Updates/Resources
Oct 11th, 8:44am
I mentioned yesterday that 6,762 institutions took a residential loan application in 2016, per Richey May’s HMDA dashboard data. For...
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European banks still hold €988 billion euros in nonperforming loans: IMF
Oct 11th, 8:23am
European banks still hold "a very high" €988 billion ($1.17 trillion) in nonperforming loans on their balance sheets, according to new estimates...
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PNC Releases Results of Dodd-Frank Company-Run Stress Test
Oct 11th, 8:23am
PITTSBURGH, Oct. 11, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today published the results of its company-run...
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MBS Day Ahead: Not Much to be Learned From Fed Minutes
Oct 11th, 7:50am
On both MBS Live and Mortgage News Daily, there's a video in the news stream titled "Key things to watch in the Fed minutes." The...
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California wildfires put thousand of homes at risk
Oct 11th, 7:26am
CNBC's Diana Olick reports on the enormous cost...
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Key things to watch in the Fed minutes
Oct 11th, 7:26am
Peter Spiegel of the Financial Times says the Fed,...
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Fed's Evans says December interest rate hike is not a done deal: WSJ
Oct 11th, 7:24am
Chicago Fed President Charles Evans on Wednesday said a December interest rate hike was not a done deal, according to a report by the Wall Street...
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CEO of the world's largest money manager says his greatest fear is an too-aggressive Fed
Oct 11th, 7:19am
BlackRock chief Larry Fink says he's worried about the Federal Reserve tightening too much, which could put the bond market out of wack...
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Wealth manager warns on bond markets creating the 'biggest financial crisis of our lifetime
Oct 11th, 7:19am
The CEO of a U.K.-based wealth management firm has warned about an unruly end to monetary stimulus from global central banks....Read More
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Refinancing Drives Application Volume Lower During Quiet Week
Oct 11th, 7:18am
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) said mortgage applications were down during the week ended October 6, falling 2.1...
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GSE MSRs Up for Auction
Oct 10th, 5:56pm
Bids are being taken for mortgage-servicing rights on more than a half-billion dollars in government-sponsored enterprise residential loans.On the...
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Wholesalers Offer HECM, Investor and Alt-Doc Loans
Oct 10th, 5:37pm
Among the latest wholesale lending offerings are federally insured reverse mortgages, investor loans and non-agency alternative documentation...
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MBS RECAP: Early Gains Nearly Erased by PM Weakness
Oct 10th, 3:49pm
Posted To: MBS CommentaryBonds struggled to find a theme in their first trading day back from a 3-day weekend. Much of the international focus was...
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Mortgage Rates Little-Changed Near 4%
Oct 10th, 3:07pm
Posted To: Mortgage Rate WatchMortgage rates were marginally lower today compared to last week, but only when factoring in upfront finance...
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Q3 Review: Ten Economic Questions for 2017
Oct 10th, 2:45pm
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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CoreLogic Analysis Shows More Than 172,000 Homes at Risk from Wildfires in Napa and Santa Rosa
Oct 10th, 1:00pm
According to CoreLogic ®  hazard risk analysis, a total of 172,117 homes with a combined reconstruction cost value (RCV) of more...
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CoreLogic: House Prices up 6.9% Year-over-year in August
Oct 10th, 1:00pm
Notes: This CoreLogic House Price Index report is for August . The recent Case-Shiller index release was for July. The CoreLogic HPI is a three...
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And then there were two: Powell, Warsh at front of Fed chair race
Oct 10th, 12:56pm
The contest for who will become the next head of the Federal Reserve appears to be coming down to Kevin Warsh and Jerome "Jay" Powell....Read More
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Stock record ride ‘has reached epic proportions,' Morgan Stanley
Oct 10th, 12:56pm
Wall Street isn't just in a bull market, it's in an "epic" one....Read More
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There's going to be caution among the financials: Jim Paulsen
Oct 10th, 12:53pm
Jim Paulsen, Leuthold Group, and Steve Auth,...
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President Trump sitting down with Rex Tillerson today
Oct 10th, 12:53pm
CNBC's Eamon Javers reports on President...
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Sonoma and Napa counties hit hardest by wildfires
Oct 10th, 12:53pm
CNBC's Aditi Roy reports on the developments of...
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Trump's pick for Fed chair might not be an economist
Oct 10th, 11:57am
President Trump will soon make one of his most important decisions: Nominating the next leader of the Federal Reserve....Read More
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Mortgage Delinquency Inches Up
Oct 10th, 11:50am
A mild month-over-month rise in the non-current single-family rate was reported. Areas driven by oil production have seen increasing serious...
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Top Jumbo Lenders So Far In 2017
Oct 10th, 11:40am
Stats halfway through 2017 from Inside Mortgage Finance The post Top Jumbo Lenders So Far In 2017 appeared first on The Basis Point ....Read More
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Credit Access Favors Jumbo Loans
Oct 10th, 11:19am
Posted To: MND NewsWireCredit access hasn't improved much over the last year unless one is shopping for a jumbo mortgage loan. The Mortgage...
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Americans are getting comfortable with debt again, raising risk for financial institutions, Moody�
Oct 10th, 11:11am
Households in certain income categories are increasing their debt - or taking on especially high amounts, which may pose a risk to banks and...
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CoreLogic Says Delinquency, Transition Rates Continue to Improve
Oct 10th, 10:56am
National delinquency rates continue at 10-year lows, and both early delinquency and transition rates are stable as well. But CoreLogic,...
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Fed Minutes May Underline Depth of Backing for December Hike
Oct 10th, 10:41am
Bloomberg Fed Minutes May Underline Depth of Backing for December Hike Bloomberg Federal Reserve officials last month stuck with their forecast to...
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Mortgage Credit Conditions Best in Nearly Decade
Oct 10th, 10:30am
Home lenders have made it easier to qualify for a mortgage for four consecutive months. The latest gain was enough to put credit conditions at...
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Growth Trend Is No Longer a Friend to Bond-Market Investors
Oct 10th, 10:23am
Bloomberg Growth Trend Is No Longer a Friend to Bond-Market Investors Bloomberg Synchronized and stable economic growth has lulled market...
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What's behind the sudden optimism among homebuyers
Oct 10th, 9:59am
There has been a sudden burst of optimism among potential homebuyers in a monthly sentiment survey from Fannie Mae....Read More
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Gap Between Owner and Appraiser Opinions of Home Values Narrows for Fourth Straight Month
Oct 10th, 9:47am
DETROIT, Oct. 10, 2017 /PRNewswire/ -- Homeowners still don't see eye-to-eye with those who appraise their homes. Appraiser's...
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Bond Report: Treasurys see modest buying as investors await Fed minutes
Oct 10th, 9:16am
Treasury prices fell, pushing yields higher, on Tuesday as investors waited for the Fed minutes from September's policy meeting on...
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Quicken Loans 3rd Party Unit Using Calyx-Powered LOS
Oct 10th, 9:14am
A unit of Quicken Loans Inc. that originates through small financial institutions has turned to CalyxSoftware to power its loan origination...
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NFIB: Small Business Optimism Index decreased in September
Oct 10th, 9:09am
From the National Federation of Independent Business (NFIB): Small Business Optimism Slides in September, Expected business conditions tumble in...
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Lot Values Stable at Record High
Oct 10th, 8:43am
Single-family lot prices remained at record high levels in 2016, with half of the lots priced at or above $45,000. According to NAHB's analysis of...
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Lenders' Disaster Toolkits Need an Update
Oct 10th, 8:28am
The costs of the recent hurricanes that struck in August and September are coming home to roost. The first two in the recent rolling series...
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Who will replace Janet Yellen? It's a 'binary choice': WSJ's Greg Ip
Oct 10th, 8:21am
Greg Ip, The Wall Street Journal; Nathan Sheets,...
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Credit Guideline Changes; Compliance and Communication Products; Upcoming Events
Oct 10th, 8:20am
6,762 institutions took a residential loan application in 2016, per Richey May’s HMDA dashboard data. That is a lot of lenders!! Another big...
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MBS Day Ahead: The Theme is "Waiting"
Oct 10th, 8:00am
After having waited a day to begin trading this week due to yesterday's Columbus Day holiday, bond markets will spend today waiting for the...
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US Treasurys higher as investors switch focus to Fed speeches, bills auctions
Oct 10th, 7:33am
U.S. government debt prices were higher Tuesday, as investors switched focus to the next batch of speeches set to be delivered by the U.S. Federal...
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"On Track For a December Rate Hike"
Oct 10th, 7:27am
From Tim Duy at Fed Watch: On Track For a December Rate Hike The headline figure on nonfarm payrolls report came in well below already withered...
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Bill Gross of Janus blames US Fed for 'fake markets'
Oct 10th, 7:18am
Influential bond investor Bill Gross of Janus Henderson Investors said Monday that financial markets are artificially compressed and capitalism...
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Japan Slashes Treasury Purchases as Demand for US Debt Wanes
Oct 10th, 7:18am
Bloomberg Japan Slashes Treasury Purchases as Demand for US Debt Wanes Bloomberg Japanese investors are slashing their purchases of U.S....
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CoreLogic Reports Serious Delinquency Rate for Home Loans Holds Steady at a Near 10-Year Low
Oct 10th, 7:18am
Mortgage Delinquency Rate Fell Almost 1 Percentage Point Foreclosure Rate Declined 0.2 Percentage Points Early-Stage Delinquencies Declined 0.3...
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Lead Management Lacking in Many LOS Systems
Oct 9th, 5:02pm
A survey of mortgage lenders indicates that loan origination systems are often lacking for the compliance and lead tools. But LOS providers have...
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Biggest Reverse Mortgage Lender Hiring
Oct 9th, 3:52pm
Dozens of hirings are planned by the largest originator of government-insured reverse mortgages. The Lone Star State is the location of the new...
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Former Reverse Mortgage Giant Sold
Oct 9th, 1:52pm
The remnants of a company that was once among the largest originators of reverse mortgages are being sold. The sale includes servicing and nearly...
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Weekly Mortgage Market Index Up, Government Leads
Oct 9th, 4:36am
Government activity led an increase in new weekly mortgage business. Excluded from the rally, though, were jumbo and adjustable-rate mortgages.The...
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MBS RECAP: The Fairly Logical Story Behind Today's Rates/Jobs Paradox
Oct 6th, 5:22pm
The Employment Situation (aka the jobs report, or simply, "NFP") is the granddaddy of all economic reports. Through the years, no other...
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Mortgage Rates Highest in 2 Months After Jobs Report
Oct 6th, 4:40pm
Posted To: Mortgage Rate WatchMortgage rates moved higher today, following a much weaker-than-expected jobs report. These are two things that...
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Freddie Mac Prices $1.33 Billion Multifamily K-Deal
Oct 6th, 3:52pm
Freddie Mac Prices $1.33 Billion Multifamily K-Deal...Read More
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Downplaying job losses, Fed officials eye December rate hike
Oct 6th, 3:07pm
AUSTIN, Texas/NEW YORK (Reuters) - Chocking up employment losses last month to the temporary hit of a severe hurricane season and reiterating...
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FHA 30-Day Rate Up But 90-Day Rate Lowest in Yrs
Oct 6th, 2:56pm
Serious mortgage delinquency at the Federal Housing Administration was the lowest it's been in years, though early stage delinquency deteriorated....
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Trading Nation: Bond yields on the rise
Oct 6th, 2:31pm
Boris Schlossberg, BK Asset management and Erin...
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Economic Report: Consumer credit growth slows a bit in August
Oct 6th, 2:05pm
Consumer borrowing slowed in August after a sharp rise in the prior month, the Federal Reserve reported Friday....Read More
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The Fed just got what it was looking for to satisfy its 'hawkish bent'
Oct 6th, 1:38pm
September's disappointing jobs report gave the Fed a little more certainty about whether it should raise interest rates....Read More
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Treasury outlines sweeping reform of capital markets
Oct 6th, 1:17pm
WASHINGTON (Reuters) - The U.S. Treasury on Friday unveiled a blueprint for sweeping reforms of the U.S. capital markets as it looks to implement...
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Fed's Kaplan: Companies have less pricing power because of tech
Oct 6th, 1:10pm
CNBC's Steve Liesman discusses the September...
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Fannie Mae - Options for Disaster Impacted Areas
Oct 6th, 12:27pm
News Release. Share This: October 06, 2017. Fannie Mae Reminds Homeowners and Servicers of Mortgage Assistance ......Read More
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Trump faces big decision on Fed chief
Oct 6th, 12:00pm
Janet Yellen is the head of the Federal Reserve. Her term expires at the end of January, and it's up to President Donald Trump to either reappoint...
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Treasury recommends looser financial market controls to encourage growth
Oct 6th, 11:31am
The U.S. Treasury Department issued a report Friday...
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Why the jobs market is way better than the September report shows
Oct 6th, 10:48am
There's good reason to believe that when all is said and done, the loss of 33,000 jobs will change significantly....Read More
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I think we will get four rate hikes between now and the end of next year: Strategist
Oct 6th, 10:11am
Ian Shepherdson, Pantheon Macroeconomics founder...
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Rates are jumping as jobs report showed hidden signs of inflation
Oct 6th, 9:46am
U.S. government debt yields rose Friday, as investors received their first sign that inflation may be on the rise in the latest jobs...
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US wholesale inventories post biggest gain in 9 months
Oct 6th, 9:27am
U.S. wholesale inventories were expected to rise by 1 percent in August....Read More
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Treasury recommends repealing parts of Dodd-Frank to grow economy
Oct 6th, 9:25am
The U.S. Treasury Department on Friday said parts of the Dodd-Frank Act should be repealed, among other steps, to promote economic growth and...
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Boomers More Likely to Carry Mortgages Into Retirement
Oct 6th, 9:23am
Posted To: MND NewsWireWhile earlier generations tended to pay off their mortgages before they retired, the leading edge of Baby Boomers, now in...
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Mortgage Jobs Rise Despite Weak Employment Report
Oct 6th, 9:13am
While the nation's overall employment was battered by the recent hurricane activity, non-bank employment within the home-lending sector moved...
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Fed's Robert Kaplan: Labor markets are very tight right now
Oct 6th, 8:33am
Dallas Federal Reserve President Robert Kaplan...
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Nationwide Closes Correspondent; DEVAL Opens Retail; The Fed and Rates
Oct 6th, 8:21am
Posted To: Pipeline PressThank you to the California MBA who sponsored a tour yesterday of the Tesla Factory – the building has the 2nd...
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Dollar hits 10-week highs, U.S. yields jump on strong wages data
Oct 6th, 8:20am
LONDON (Reuters) - The dollar rose to its strongest in 10 weeks on Friday and short-dated U.S. Treasury yields climbed to a nine-year high, after...
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Jobs fall by 33,000 in September as hurricanes hammer employment
Oct 6th, 7:54am
CNBC's Hampton Pearson reports the latest read...
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Hurricanes Harvey, Irma sink U.S. payrolls in September
Oct 6th, 7:44am
WASHINGTON (Reuters) - U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers...
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When buying your kid a house is cheaper than paying for a dorm
Oct 6th, 7:44am
Tax deductions and rent from roommates can make purchasing a financial win....Read More
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MBS Day Ahead: How NFP Matters and How it Doesn't
Oct 6th, 7:22am
Posted To: MBS CommentaryNFP, or "nonfarm payrolls" (the principle component of the big jobs report officially known as the...
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US Treasurys lower as investors gear up for more Fed speeches, jobs data
Oct 6th, 7:06am
U.S. government debt prices were lower Friday, as investors switched focus to the next batch of speeches set to be delivered by the U.S. Federal...
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September Jobs Report: What to Watch For
Oct 6th, 7:04am
The impact of the hurricanes in Texas and the Southeast are expected to suppress employment gains for the month....Read More
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S&P 500 on best run of the millennium; jobs report and Fed in focus
Oct 6th, 7:03am
U.S. stock futures were trading in a narrow range this morning ahead of the latest jobs report and speeches by central bankers....Read More
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Former Owner of Mortgage Servicer Pleads Guilty
Oct 5th, 6:43pm
The former owner of a defunct mortgage servicer has admitted that he stole money from payments made by borrowers.Robert Pena was the owner...
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Class Action Seeks Billions From Wells Fargo
Oct 5th, 4:40pm
An attorney who has already won a more than $1 billion award in a malpractice case is now hoping to obtain a multi-billion-dollar award against...
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MBS RECAP: Stocks Surge and Bonds Stumble Ahead of NFP
Oct 5th, 3:58pm
Posted To: MBS CommentaryGenerally higher yields and tepid intraday performances are nothing new for bond markets over the past week and a half....
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Republicans move on tax reform, Fed officials warn danger ahead
Oct 5th, 3:37pm
WASHINGTON (Reuters) - Congressional Republicans moved to hasten an overhaul of the U.S. tax code on Thursday, while Federal Reserve officials...
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Why should you be highly optimistic if you want to be successful
Oct 5th, 3:36pm
"High optimism will predict high effort and success."...Read More
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The definitive guide to the next Fed chief
Oct 5th, 3:27pm
Kevin Warsh, incumbent Janet Yellen, Jerome Powell and Gary Cohn are the current leaders for chair of the Fed....Read More
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JPMorgan says hurricanes will cost insurance industry $100 billion, but will help some of the stocks
Oct 5th, 3:27pm
JPMorgan predicts double-digit percentage increases for U.S. property premiums starting in January 2018....Read More
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Dow ends at a record; S&P 500 posts best record streak in 20 years
Oct 5th, 3:26pm
U.S. stocks ended Thursday firmly in the green, adding to a series of records on the back of hopes around reforms to the tax code that could...
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$50 Million in Mortgages Sold
Oct 5th, 3:21pm
The sale of $50 million in new single-family loans that have adjustable rates has been executed as a whole-loan transaction.Included in the sale...
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Mortgage Rates Head Back Toward 4%
Oct 5th, 2:02pm
Posted To: Mortgage Rate WatchMortgage rates moved higher today, bringing the average lender back near 4% in terms of conventional 30yr fixed...
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Santelli Exchange: Actions, reactions, allocations and rotations
Oct 5th, 1:25pm
CNBC's Rick Santelli discusses the unintended...
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Wells Fargo's Mike Mayo: New Fed governor will mean 'new era for banks'
Oct 5th, 1:25pm
Mike Mayo, senior analyst at Wells Fargo, discusses...
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Falling foreign demand for Treasurys puts bondholders in ‘vulnerable&#
Oct 5th, 1:18pm
Demand for Treasurys has been noticeably slipping in Treasury auctions, according to Torsten Slok, chief international economist for Deutsche...
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Goldman: September Payrolls Preview
Oct 5th, 1:18pm
A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate that nonfarm payroll growth slowed to +50k in September ,...
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House of Reps passes budget for fiscal year 2018
Oct 5th, 11:27am
CNBC's Ylan Mui reports on the vote in the...
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The Fed: Big banks get industry friendly regulator
Oct 5th, 11:12am
The Senate on Thursday confirmed Randal Quarles, a former Republican Treasury official, to be the first-ever Federal Reserve vice chairman for...
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Trade Deficit at $42.4 Billion in August
Oct 5th, 10:50am
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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Mortgage Industry Loses 2 in Las Vegas Shooting
Oct 5th, 10:40am
At least two people who worked in the mortgage industry were among the casualties in this week's tragic Las Vegas shootings.Among the people who...
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NAHB and NAR Divided Over Mortgage Deduction
Oct 5th, 10:19am
Is it time to bid farewell to an American-as-Apple-Pie tax deduction? Maybe. After 75 years of supporting it against all assaults, the National...
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The Fed: Fed's Harker says he has ‘penciled in' December rate hike
Oct 5th, 10:00am
Philadelphia Fed President Patrick Harker said Thursday that he thinks a rate hike in December is likely but his decision depends on inflation...
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US Consumer Comfort Declines by Most in a Year on Finances
Oct 5th, 9:40am
Bloomberg US Consumer Comfort Declines by Most in a Year on Finances Bloomberg Americans' confidence suffered its biggest weekly setback...
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Bank Home Equity Delinquency Declines
Oct 5th, 9:26am
On installment loans and lines of credit that are secured by single-family properties and owned by banks, quarterly delinquency moved lower.On...
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US factory orders rise; core capital goods orders revised higher
Oct 5th, 9:16am
The data suggested robust business spending could help offset some of the economic drag of Hurricanes Harvey and Irma....Read More
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Mortgage Rates Rise
Oct 5th, 9:03am
Mortgage Rates Rise...Read More
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Crowdfunding your way into home ownership. Here's how
Oct 5th, 8:40am
CNBC's Diana Olick reports on a plan that...
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Fed's Harker: Workers' mismatched skills biggest block to economic growth
Oct 5th, 8:40am
Philadelphia Federal Reserve Bank President Patrick...
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Fed's Patrick Harker: It's still a 2-percent economy
Oct 5th, 8:40am
Philadelphia Federal Reserve Bank President Patrick...
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Initial jobless claims down 12K to 260,000
Oct 5th, 8:28am
CNBC's Rick Santelli breaks down the latest...
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LO Products; Bank News - M&A; October Events and Training
Oct 5th, 8:20am
Posted To: Pipeline PressOne of my early jobs was digging fence post holes and picking up dropped nails for a builder in 100 degree heat. No one...
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Fed's Harker: Economy still stuck in 2 percent growth until tax reform goes through
Oct 5th, 8:19am
Patrick Harker is the president of the Federal Reserve Bank of Philadelphia and a voting member of the Fed's policy-setting...
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U.S. jobless claims fall; impact of hurricanes on data lingers
Oct 5th, 8:19am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, but Hurricanes Harvey and Irma...
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MBS Day Ahead: Another Potential Head-Fake, Or Turning Point
Oct 5th, 7:49am
Yet again, bond markets have managed to string together 4 days doing somethingother than selling off abjectly. Without a firmer...
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Trump's Short List for Fed Chair Features These Hawks and Doves
Oct 5th, 7:27am
Bloomberg Trump's Short List for Fed Chair Features These Hawks and Doves Bloomberg Here's a look at the candidates President...
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How Much of Your Wealth is Tied Up in Your Home?
Oct 5th, 7:27am
Data from the Federal Reserve Board's Survey of Consumer Finances shows that answer varies by race and ethnicity....Read More
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A big bond move could be around the corner
Oct 5th, 7:24am
As rumors swirl around the possibility of a new Fed chair, bond yields could soon see a big shift....Read More
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BofA Judge Doesn't Want to Rip Up Scathing Ruling Against Bank
Oct 5th, 7:21am
Bloomberg BofA Judge Doesn't Want to Rip Up Scathing Ruling Against Bank Bloomberg A bankruptcy judge who spent 107 pages excoriating Bank...
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This lender will now help mortgage borrowers crowdfund their down payment
Oct 5th, 7:20am
Down payments continue to represent a major obstacle to homeownership for many Americans....Read More
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Mortgage Rates Up, Likely to Remain There
Oct 4th, 4:44pm
Fixed interest rates on single-family loans increased over the past week, and it is unlikely that they will retreat over the next week.For the...
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MSRs Being Auctioned on Over $300 Mil in GSE Loans
Oct 4th, 4:44pm
An offering of mortgage servicing rights on more than $300 million in government-sponsored enterprise loans has a concentration in the Golden...
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MBS RECAP: Weaker ISM Data Keeps Bonds Guessing
Oct 4th, 4:19pm
Posted To: MBS CommentaryBond markets saw a decent amount of strength in the afternoon. It ultimately allowed 10yr yields and MBS to return to...
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Rule On Foreclosure Notices to No-Contact Borrowers
Oct 4th, 4:01pm
An interim final rule is intended to give mortgage servicers more flexibility about when they can communicate with borrowers who have requested...
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We're not anywhere near bubble conditions: Zillow chief economist
Oct 4th, 3:24pm
Svenja Gudell, Zillow chief economist, discusses...
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Hurricanes hit U.S. hiring in September, services sector resilient
Oct 4th, 3:22pm
(Reuters) - U.S. companies scaled back their hiring to an 11-month low in September after two powerful hurricanes disrupted some business...
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U.S. lawmakers seek to shut banks that harm consumers
Oct 4th, 3:20pm
WASHINGTON (Reuters) - U.S. House Democrats introduced legislation on Wednesday to direct banking regulators to review operations at the country's...
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10 U.S. cities where you need to earn over $100,000 to afford a house
Oct 4th, 3:20pm
Even assuming you put only 5 percent down, it's rough....Read More
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Ocwen Settles With More States
Oct 4th, 1:41pm
Less than a week after disclosing consent orders with several states, Ocwen Financial Corp. has revealed settlements with three more states.On...
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Consumer Confidence Sheds Some Lights on New Home Sales
Oct 4th, 1:32pm
The Conference Board recently reported that the Consumer Confidence Index declined slightly in September. The present situation index declined by...
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September Employment Preview
Oct 4th, 1:31pm
On Friday at 8:30 AM ET, the BLS will release the employment report for September. A key question is how much hurricanes Harvey and Irma impacted...
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The Millennial Mortgage Problem: Down Payments and Expensive Cities
Oct 4th, 1:31pm
Despite recent improvements in the labor market, millennials face a severe shortage of affordable entry-level homes in many parts of the country,...
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Mortgage Rates Still Holding Near Recent Highs
Oct 4th, 1:19pm
Posted To: Mortgage Rate WatchMortgage rates were very slightly lower today, but not by enough to have an impact on the actual interest rates...
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Over $800 Million in Freddie Mac Loans Sold
Oct 4th, 12:05pm
More than $800 million in slightly past due and reperforming mortgages have been sold through an auction by the Federal Home Loan Mortgage...
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Minneapolis Fed President Neel Kashkari not being considered for Fed Chair -Admin. source
Oct 4th, 11:49am
CNBC's Steve Liesman reports on Minneapolis Fed...
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How the Yahoo hack stacks up to previous data breaches
Oct 4th, 11:49am
At three billion accounts, the Yahoo hack is the biggest data breach ever reported, according to a database of such incidents....Read More
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Fannie and Freddie Capital Buffers Can't Wait -FHFA Director
Oct 4th, 10:48am
Posted To: MND NewsWireWhile assuring members of Congress that it is their role to make decisions about housing finance reform, Melvin L. Watt,...
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Wells Fargo Refunding Rate-Lock Extension Fees
Oct 4th, 10:45am
Amid multiple lawsuits over allegedly illegally charging home loan applicants rate-lock extension fees, Wells Fargo & Co. will refund as much...
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Large Builder Share Edges Upward in Major Markets
Oct 4th, 10:08am
NAHB's analysis of information published in Builder Magazine shows that, although major markets became slightly less concentrated overall, large...
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Time to Renovate the Mortgage Interest Deduction
Oct 4th, 9:39am
The mortgage interest deduction has outlived its usefulness. Only homeowners who itemize their deductions can receive MID's tax benefit. The post...
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Refinances Pull Down Mortgage Applications Again
Oct 4th, 9:24am
As was the case in the previous seven-day period, a decline in the volume of applications for mortgage refinances more than offset an increase in...
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Jeffrey Gundlach Predicts Neel Kashkari Will Be Next Fed Chair
Oct 4th, 9:19am
Jeffrey Gundlach Predicts Neel Kashkari Will Be Next Fed Chair Bloomberg Jeffrey Gundlach, the money manager who predicted the presidential...
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ISM Non-Manufacturing Index increased to 59.8% in September
Oct 4th, 9:14am
The September ISM Non-manufacturing index was at 59.8%, up from 55.3% in August. The employment index increased in September to 56.8%, from 56.2%....
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Are You Prepared For The Digital Lending Revolution?
Oct 4th, 8:59am
You Need To Attend This Event To Be Ready. RSVP TODAY! To all mortgage lenders and companies that sell products or services to the lending...
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Wells Fargo to refund mortgage rate lock extension fees that were charged inappropriately
Oct 4th, 8:39am
Wells Fargo & Co. said it plans to refund mortgage rate lock extension fees that were inappropriately charged during the period from Sept. 16,...
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Hurricanes could knock 50,000 jobs off Friday's government data, says Barclays economist
Oct 4th, 8:21am
"The Fed has already signaled the data is going to be noisy and they expect some weakness," Michael Gapen says....Read More
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Bond Report: Treasury yields retreat as global stocks turn lower, dollar softens
Oct 4th, 8:21am
Treasury prices rise on Wednesday, pressuring yields, as the market awaited a late-afternoon speech from Federal Reserve Chairwoman Janet Yellen,...
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ADP September payrolls up 135K
Oct 4th, 8:20am
CNBC's Steve Liesman sifts through the latest...
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Servicing Law Changes; A Flashback to Servicing 10 Years Ago
Oct 4th, 8:19am
Hey, I am all in favor of the tiny house movement…if I have room for my bottle cap collection, antique banks, gumball machines, Spirograph...
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MBS Day Ahead: Time to Ramp up Focus on Europe Again?
Oct 4th, 8:11am
In 2011-2016, Europe was the dark horse market mover that ended up winning the race. Far too few domestic market participants...
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Small Gains in Purchase Apps Nearly Offset Downturn in Refis
Oct 4th, 7:33am
Posted To: MND NewsWireOnce again, a slowdown in refinancing overcame a slight improvement in applications for purchase mortgages, sending the...
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Mortgage demand down as rates and prices climb
Oct 4th, 7:15am
CNBC's Diana Olick provides the latest read on...
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All-America Economic Survey: New high for economic optimism
Oct 4th, 7:14am
CNBC's Steve Liesman breaks down the latest...
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Even Bond Traders Are Starting to Hate Bonds
Oct 4th, 7:14am
Bloomberg The Daily Prophet: Even Bond Traders Are Starting to Hate Bonds Bloomberg Betting against bonds has probably been the ultimate...
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Amazon Presents a Prime Opportunity to Transform a City's Housing Market—but Where?
Oct 4th, 7:13am
how-amazon-HQ-will-transform-housing-market The post Amazon Presents a Prime Opportunity to Transform a City’s Housing Market-but Where?...
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US Treasurys higher as investors await Yellen's remarks, data
Oct 4th, 7:13am
U.S. government debt prices were higher Wednesday as investors switched their focus to the latest comments coming out of the U.S. Federal...
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MBS RECAP: Small Gains Leave Broader Losses Intact
Oct 3rd, 3:36pm
Both yesterday and today have been the sort of days that just haven't mattered in the slightest for bond markets. Yesterday was spent...
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Warren Buffett: We tried housing authorities, that model doesn't work
Oct 3rd, 2:53pm
Berkshire Hathaway's Warren Buffett speaks to...
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Here's how Fed-frontrunner Kevin Warsh might shake up the central bank
Oct 3rd, 2:53pm
CNBC's Steve Liesman and CNBC Senior...
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Mortgage Rates Roughly Unchanged Near Recent Highs
Oct 3rd, 2:36pm
Posted To: Mortgage Rate WatchMortgage rates were unchanged today, on average, marking the second straight day with minimal change near the...
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Consumer Bankruptcy Filings Fall to 7-Month Low
Oct 3rd, 2:04pm
New bankruptcy filings by consumers were down from a month earlier to the lowest level in seven months. Filings also retreated from a year...
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Net shorts on U.S. longer-dated bonds hit record high -JPMorgan
Oct 3rd, 1:22pm
NEW YORK, Oct 3 (Reuters) - The margin of investors who said they had fewer longer-dated Treasuries than their benchmarks over those who held more...
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Former Equifax CEO faces lawmakers at Congressional hearing
Oct 3rd, 12:45pm
CNBC's Aditi Roy reports on the Congressional...
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Former Equifax chief apologizes to Congress over hack
Oct 3rd, 12:39pm
WASHINGTON (Reuters) - The former head of Equifax Inc apologized repeatedly on Tuesday at a congressional hearing for the theft of millions of...
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Wells Fargo CEO defends leadership in heated Senate appearance
Oct 3rd, 12:38pm
(Reuters) - U.S. senators grilled Wells Fargo & Co Chief Executive Tim Sloan on Tuesday about what he had done to change the bank's culture...
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Fmr. Fed Governor Kevin Warsh: Changes are in order at the Fed
Oct 3rd, 11:58am
CNBC's Steve Liesman reports on how former Fed...
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The Fed: Jerome Powell, in the running for top Fed spot, echoes one of Trump's favorite economi
Oct 3rd, 11:25am
Fed Gov. Jerome Powell, who is in the running for the top job at the central bank, sounded one of President Donald Trump's favorite economic...
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Rising heat in home prices makes buyers rush to riskier mortgages
Oct 3rd, 11:07am
The gains in home prices are getting bigger again, and that has more potential buyers looking for ways to afford the monthly payment....Read More
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Variation in Real Estate Taxes Depend on More than Geography
Oct 3rd, 10:14am
Posted To: MND NewsWireThe highest property taxes in 2016 were paid by homeowners New Jersey, and the lowest were in Alabama. The difference...
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Biggest HECM Lenders
Oct 3rd, 9:59am
The annual volume of federally insured reverse mortgages increased. With the government's fiscal year concluded, the biggest reverse mortgage...
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Manhattan Resale Home Prices Set a Record, Even After Discounts
Oct 3rd, 9:55am
Bloomberg Manhattan Resale Home Prices Set a Record, Even After Discounts Bloomberg The price of Manhattan resale homes hit a record in the third...
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Home Price Appreciation Moves Back Toward 7% - CoreLogic
Oct 3rd, 9:27am
Posted To: MND NewsWireHome prices posted strong increases again in August. CoreLogic's Home Price Index was up 0.9 percent on a month-over-month...
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Residential Fixed Investment Slows in Second Quarter
Oct 3rd, 9:13am
The final estimate of second quarter 2017 GDP growth (revised up two-tenths of a percentage point to 1.4%), shows that housing's share of gross...
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Bond Report: Treasury yields continue rise as Trump tax cut returns to agenda
Oct 3rd, 8:50am
Treasury prices fell, lifting yields, on early Tuesday after investors turned their attention again back to Trump's tax reform which could add...
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Warren Buffett: Don't pay much attention to the Fed
Oct 3rd, 8:28am
Warren Buffett, Berkshire Hathaway chairman and...
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Lot Size is at a New Record Low
Oct 3rd, 8:25am
The median lot size of a new single-family detached home sold in 2016 stands at 8,562 square feet, or just under one-fifth of an acre. This is a...
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Vendor Primary and Secondary Market Updates; HomeStreet Restructure
Oct 3rd, 8:18am
Posted To: Pipeline PressSunday this industry lost a brother and a friend in the senseless and selfish Las Vegas massacre. Brian Fraser was an...
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MBS Day Ahead: Absence of Data Leaves Focus on The Negative Trend
Oct 3rd, 8:05am
Posted To: MBS CommentaryBond markets are in the throes of their worst uptrend in yields since the November presidential election. Granted,...
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Wells Fargo in the hot seat on Capitol Hill
Oct 3rd, 7:34am
CNBC's Wilfred Frost reports Wells Fargo CEO...
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Former Equifax CEO heads to Capitol Hill
Oct 3rd, 7:34am
CNBC's Aditi Roy reports former Equifax CEO...
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Warren Buffett: Stock valuations make sense right now
Oct 3rd, 7:34am
Warren Buffett, Berkshire Hathaway chairman and...
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Fed's Yellen says AIG's threat to stability is reduced after downsizing
Oct 3rd, 7:34am
WASHINGTON (Reuters) - American International Group Inc poses less of a threat to financial stability because it shrank its assets by more than...
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Homebuilder Lennar's third-quarter profit rises 5.6 percent
Oct 3rd, 7:33am
U.S. homebuilder Lennar reported a 5.6 percent rise in quarterly profit on Tuesday, driven by an increase in home sales and higher prices....Read More
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Consumer lending, insurance issues to weigh on Wells' CEO's Senate appearance on Tuesday
Oct 3rd, 7:15am
(Reuters) - Wells Fargo & Co CEO Tim Sloan will be questioned about sales practices, mischarging customers for auto insurance, and complaints...
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CoreLogic US Home Price Report Shows Prices Up 6.9 Percent in August 2017
Oct 3rd, 7:14am
National Home Prices Projected to Increase 4.7 Percent by August 2018 Utah and Washington Continue to Post Double-Digit Annual Home Price...
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HomeStreet Scales Back Mortgage Business
Oct 2nd, 7:56pm
Slowing mortgage production is behind HomeStreet Inc.'s decision to eliminate dozens of jobs and scale back on several home-lending centers.In a...
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Huge GSE MSR Portfolio Offered for Sale
Oct 2nd, 6:59pm
The servicing on nearly $10 billion in government-sponsored enterprise loans is being auctioned off. The offering has a California...
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NAMB Seeks More Than Mortgage Brokers
Oct 2nd, 6:59pm
The trade group that used to exclusively represent residential mortgage brokers when the market was much stronger is taking new steps to broaden...
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Mortgage Firm Loses Texas Lawsuit
Oct 2nd, 6:10pm
A mortgage company that tried to cash in on a three-decade-old $5.2 million land loan it acquired by suing the homeowners has lost its lawsuit.In...
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PrimeLending Discloses New President
Oct 2nd, 4:42pm
A new president has been named at PrimeLending. He was promoted from within the company, where he has worked for six years. There is no word yet...
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MBS RECAP: No Glorious "New Month" Rally
Oct 2nd, 4:30pm
Posted To: MBS CommentaryYou never know... Sometimes the end of any given month will be skewed in one direction in terms of trading momentum only...
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Mortgage Rates Mixed, but Higher on Average
Oct 2nd, 3:57pm
Posted To: Mortgage Rate WatchMortgage rates were lower today for a few lenders, but higher for most others, dragging the average 0.01% higher in...
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Freedom Mortgage Completes Mortgage Acquisition
Oct 2nd, 3:37pm
The previously announced acquisition of a mortgage business from a financial institution in the Empire State has been completed by Freedom...
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Fastest and Slowest Growing Cities
Oct 2nd, 3:14pm
Four Lone Star State cities, from little to large, were among the 10 fastest-growing cities economically in the nation, according to a recent...
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Invitation Homes Suffers Millions in Damage from Hurricane Irma
Oct 2nd, 3:13pm
Company estimates 30% of homes in Florida and Atlanta had some damage and puts the cost at $41-$17 million....Read More
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Homebuilder to help young people pay student loans and buy a home—but is it a good idea?
Oct 2nd, 3:13pm
Lennar wants to get millennials out of debt and into their own place....Read More
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Kevin Warsh: The frontrunner for the Fed chair job
Oct 2nd, 3:12pm
The search is on to find the next Fed chair – and...
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Late Pays on CMBS Down, Peak Might Have Passed
Oct 2nd, 2:45pm
Led by industrial property loans, late payments on securitized commercial real estate loans fell as signs suggest the peak has passed. But office...
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Less Than 25% Of Lenders Rate LOS Compliance Functionality 'Highly Effective'
Oct 2nd, 2:16pm
STRATMOR Group released the September edition of its STRATMOR Insights report, with a focus on the company’s approach to measuring lender...
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Construction Spending Up for First Time in Three Months
Oct 2nd, 12:35pm
Posted To: MND NewsWireConstruction spending in August came in a little higher than expected, posting the first increase in three months. Unlike...
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Manhattan Condos Are Barely Yielding More Than Government Treasuries
Oct 2nd, 12:16pm
Bloomberg Manhattan Condos Are Barely Yielding More Than Government Treasuries Bloomberg Manhattan condo buyers who rent out their apartments are...
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Former Equifax CEO apologizes for data breach in congressional testimony
Oct 2nd, 12:16pm
Former Equifax CEO Richard Smith said he's "deeply sorry" for a data breach at the company that affected more than 140 million Americans. In...
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Most Local Economies Grew At A Slower Pace In Q1 2017
Oct 2nd, 11:45am
Real gross domestic product (GDP) increased in 44 states and the District of Columbia in the first quarter of 2017, according to the U.S. Bureau...
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September's Agency MBS Issuance Slows
Oct 2nd, 11:29am
A retreat from a month earlier in the securitization of agency home loans was eclipsed by a tumble compared to the monthly issuance of a year...
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Harvey and Irma - Different Storms, Different Potential for Mortgage Losses
Oct 2nd, 11:18am
Even though Hurricane Harvey didn't hit the Houston area until very late in August, its effects are already being felt on...
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CFPB "Can Improve" Recordkeeping and Notifications of Purpose in Civil Investigative Deman
Oct 2nd, 10:46am
On September 20, 2017, the Federal Reserve’s Office of Inspector General (“OIG”) issued a report on the...
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Bond Report: Treasury yields see muted action after better-than-expected manufacturing data
Oct 2nd, 10:16am
U.S. Treasurys are little changed late-morning Monday, keeping yields in a narrow range, as investors grapple with a strong reading on U.S....
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September ISM manufacturing index beats expectations at 60.8
Oct 2nd, 9:46am
CNBC's Rick Santelli reports the latest reads...
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The Fed: Fed's Kashkari prefers no more rate hikes until inflation hits 2% target
Oct 2nd, 9:20am
Minneapolis Fed President Neel Kashkari said Monday the central bank should not raise rates until inflation hits the 2% target, a break with Janet...
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ISM manufacturing index hits 60.8 in September; construction spending up 0.5% in August
Oct 2nd, 9:03am
ISM manufacturing index hits 60.8 in September; construction spending up 0.5% in August|| 104746465...Read More
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Rents are not sustainable for some retailers: Mariposa Capital CEO
Oct 2nd, 8:38am
Martin E. Franklin, Mariposa Capital founder and...
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Lender Appraisal Changes; Freddie and Fannie Updates
Oct 2nd, 8:26am
Freddie Mac is re-imagining the Mortgage Experienceto create a smarter, simpler, and less costly origination process.We're using big...
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MBS Week Ahead: October Begins With a Reminder About The Trend
Oct 2nd, 8:11am
The current trend in bond markets is not your friend. While it may sound trite, there's a reason we say "the trend is not your friend...
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Favorite to be Fed chair pick believes US central bank is ‘slave of the S&P'
Oct 2nd, 7:25am
Societe Generale's analyst said at a conference last week Kevin Warsh claimed current Fed policy is deeply flawed....Read More
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Three reasons that bonds may have come to an important turning point
Oct 2nd, 7:21am
The bond market may have come to an important turning point, which means the fourth quarter could be a time of higher interest rates....Read More
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The Bad Doesn't Outweigh the Good
Oct 2nd, 7:21am
By Dwight Robinson, SVP Human Resources, Diversity & Inclusion and Chief Diversity Officer Homeownership has often been characterized as one...
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Black Knight Mortgage Monitor: "350,000 in Hurricane Irma Disaster Areas Have Negative or Limit
Oct 2nd, 7:20am
Black Knight released their Mortgage Monitor report for August today. According to Black Knight, 3.93% of mortgages were delinquent in August,...
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3-Yr High for Cashout Share, ARM Widest Since 2015
Oct 1st, 8:23pm
It has been at least three years since the share of borrowers extracting home equity has been this broad, while the last time adjustable-rate...
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Decade Low Delinquency at Fannie as Book Expands
Sep 29th, 5:53pm
Single-family performance at the Federal National Mortgage Association is better than it's been in nearly a decade. Meanwhile, the manged...
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FHA Mortgagee Settles for Over $1 Million
Sep 29th, 5:09pm
A civil fraud lawsuit in New York alleging a mortgagee on government-insured loans failed to follow program rules has been settled for more than...
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Bank Delinquency, Servicing Portfolios Decline
Sep 29th, 3:46pm
Delinquency and foreclosures on bank-serviced mortgages continued to show quarterly improvement, and the servicing portfolios of big banks...
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MBS RECAP: Strong Start, Weak Finish on Fed Musical Chairs and Month End
Sep 29th, 2:49pm
The music is currently playing for the role of Fed Chair next year. When the music stops, Yellen may or may not still have a...
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If You Find Your Own Buyer, Will Your Real Estate Agent Take Less Commission?
Sep 29th, 1:55pm
Let's say you're selling your home and you find your own buyer, independent of your real estate agent's efforts. Do you still have to pay the...
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HMDA: Growing Nonbank Share, High-Cost Share Sinks
Sep 29th, 1:41pm
Non-bank share of mortgage originations widened over 3 percentage points last year based on annual data reported by home lenders. At the same...
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Mortgage Rates Back Down From 2-Month Highs
Sep 29th, 1:37pm
Posted To: Mortgage Rate WatchMortgage rates moved lower today, even though underlying bond markets (which ultimately drive rates) suggested a...
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We don't have faith in meaningful tax cuts: Wells Fargo's Scott Wren
Sep 29th, 1:36pm
Scott Wren, senior global equity strategist at...
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Trump met with Kevin Warsh amid quest to fill Fed chair job
Sep 29th, 1:33pm
Former Federal Reserve Governor Kevin Warsh has met...
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CFPB updates HMDA rule guidance materials
Sep 29th, 1:30pm
The Consumer Financial Protection Bureau (CFPB) recently posted on its website updated versions of guidance in connection with the revisions to...
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Gary Cohn: 'People don't buy homes because of the mortgage deduction'—or do
Sep 29th, 1:30pm
Gary Cohn: "People don't buy homes because of the mortgage deduction"-or do they?...Read More
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Kevin Warsh is far from a lock to replace Janet Yellen as Fed chair
Sep 29th, 11:41am
Warsh's meeting with the president on Thursday pushes him to the lead in the race for a new Fed chair, for now, Politico's Ben White says....Read More
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Mortgage Fraud Characterized by Delayed Discovery
Sep 29th, 11:23am
Mortgage fraud may be both more prevalent than lenders know and more insidious than they realize according to Bridget Berg, a principal in...
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Getting More Business
Sep 29th, 11:11am
There is a lot of talk about how to get more business. Specifically, more and more lenders are using technology to reinvent the point-of-sale, but...
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Fed's Harker says he still expects to raise rates in December
Sep 29th, 11:04am
Philadelphia Federal Reserve Bank Pres. Patrick Harker says he has "penciled in" an interest rate hike in December, and three...
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Q3 GDP Forecasts: Close to 2%
Sep 29th, 11:04am
From the Altanta Fed: GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 2.3...
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CFPB enters into RESPA settlement with title agent
Sep 29th, 10:46am
The Consumer Financial Protection Bureau (CFPB) recently entered into a consent order with Meridian Title Corporation (Meridian) under the Real...
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Freddie Mac September Insight: Is Geography Destiny?
Sep 29th, 10:32am
Freddie Mac September Insight: Is Geography Destiny?...Read More
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Bond yields jump on report former Fed official Kevin Warsh met with President Trump
Sep 29th, 10:05am
If history is a guide, the going will continue to be good for stocks into the end of the year....Read More
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Ocwen Changing Servicing System as Part of Orders
Sep 29th, 9:54am
As part of consent orders reached with multiple states, Ocwen Financial Corp. has agreed to transition away from its current mortgage servicing...
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Reis: Office Vacancy Rate "flat" in Q3 at 16.1%
Sep 29th, 9:38am
Reis released their Q3 2017 Office Vacancy survey this morning. Reis reported that the office vacancy rate was unchanged at 16.1% in Q3, from...
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Chicago PMI beats expectations to come in at 65.2 in September
Sep 29th, 9:37am
CNBC's Rick Santelli reports the latest read on...
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Consumer sentiment hits 95.1 in September vs. 95.3 estimate
Sep 29th, 9:11am
The consumer sentiment index, a survey of consumers by The University of Michigan, was expected decline to 95.3 in September....Read More
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Trump met with Kevin Warsh to discuss Fed chair job: WSJ citing White House official
Sep 29th, 9:00am
Please check back for further updates....Read More
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U.S. consumer spending barely rises; core inflation retreats
Sep 29th, 8:59am
WASHINGTON (Reuters) - U.S. consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales and annual inflation...
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Quicken Loans founder Dan Gilbert: As long as rates are reasonable, mortgage deduction going away do
Sep 29th, 8:36am
Dan Gilbert, Rock Ventures chairman, Quicken Loans...
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Personal income growth inches up 0.2 percent in August
Sep 29th, 8:35am
CNBC's Rick Santelli reports the latest read on...
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Disaster Updates; RBS Lawsuit Setback; Lender Products
Sep 29th, 8:23am
Yesterday was the release of the HMDA informationby the CFPB. Yes, there is adashboardto slice and dice the data; more...
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EU Is Said to Consider Brexit Compromise as Parliament Digs in
Sep 29th, 7:51am
EU Is Said to Consider Brexit Compromise as Parliament Digs in Bloomberg EU leaders are considering going some way to meet one of the...
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U.S. consumer spending barely rises; core inflation moderates
Sep 29th, 7:50am
WASHINGTON (Reuters) - U.S. consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales and annual inflation...
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MBS Day Ahead: Inflation Data and Bigger Picture Considerations
Sep 29th, 7:31am
Posted To: MBS CommentaryThis morning brings one of the more important inflation metrics for the US economy via the "Incomes and...
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Making AVMs Even More Reliable
Sep 28th, 5:50pm
Mercury Network’s OptiVal Automated Valuation Model (AVM) Cascade has expanded to include HouseCanary’s AVM. The addition of HouseCanary...
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Joe Langner Moves To Blue Sage
Sep 28th, 5:30pm
Joe Langner, a mortgage technology veteran and former COO at Ellie Mae, has been named CEO of Blue Sage, developers of the mortgage...
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Fixed Mortgage Rates Hold, Could Climb
Sep 28th, 5:00pm
Fixed mortgage rates were unchanged this past week, though they could be elevated in the next report. Interest rates on hybrid adjustable-rate...
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MBS RECAP: Bonds Struggle to Break Even After Morning Rout
Sep 28th, 3:39pm
Posted To: MBS CommentaryTreasuries hit their highest yields since the beginning of July today, although they'd already begun to calm down by...
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Mortgage Rates Trying to Find a Ceiling
Sep 28th, 2:43pm
Posted To: Mortgage Rate WatchMortgage rates were decidedly higher this morning, with most lenders back above last week's highs. At the time,...
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Gary Cohn: Family earning $100,000 a year would get $1,000 tax break
Sep 28th, 2:22pm
Middle-income families will see real benefits as a "basic core premise" of the GOP tax reform proposal, Gary Cohn said....Read More
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One of the world's largest hedge funds is now letting computers trade completely on their own
Sep 28th, 1:12pm
Leslie Picker gives an inside look at London's Man Group, which $43 billion through quantitative trading....Read More
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10-Year Treasury yield rises
Sep 28th, 12:17pm
CNBC's Jackie DeAngelis reports on what's...
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Mortgage Servicing, Originations Rise at loanDepot
Sep 28th, 12:12pm
The mortgage servicing portfolio grew at loanDepot LLC. Home-lending activity was also up on a quarter-over-quarter basis but down on a...
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Consumer Comfort in US Increases for First Time in Four Weeks
Sep 28th, 12:08pm
Bloomberg Consumer Comfort in US Increases for First Time in Four Weeks Bloomberg Americans' confidence rose for the first time in four...
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U.S. economy accelerates in second quarter; hurricanes expected to slow growth
Sep 28th, 11:32am
WASHINGTON (Reuters) - The U.S. economy expanded a bit faster than previously estimated in the second quarter, recording its quickest rate of...
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CMBS Delinquency Down 3rd Consecutive Month
Sep 28th, 11:12am
For the third month in a row, the rate of past-due payments on securitized commercial real estate loans was lower. Office building loans led the...
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Freddie Mac Prices New $2.5 Billion Three-Year Reference Notes Security
Sep 28th, 11:00am
Freddie Mac Prices New $2.5 Billion Three-Year Reference Notes Security...Read More
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Kansas City Fed: Regional Manufacturing Activity "Continued to Expand Solidly" in Septembe
Sep 28th, 10:12am
From the Kansas City Fed: Tenth District Manufacturing Activity Continued to Expand Solidly The Federal Reserve Bank of Kansas City released the...
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Hutchins Roundup: the Fed's balance sheet and 10-year rates, employment hysteresis, and more
Sep 28th, 10:12am
Studies in this week's Hutchins Roundup find that the yield on 10-year Treasury debt would have been 1 percentage point higher if not for...
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Modest Rise in Mortgage Credit Risk
Sep 28th, 9:45am
Over the past year, risk on new mortgage originations moved modestly higher. Much of the increase was tied to a rising share of investor and...
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Fed's Fischer: Fed's tools for fighting crises not battle-tested
Sep 28th, 9:39am
CNBC's Steve Liesman reports the highlights...
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Investment Properties and Lower-Doc Loans Pushing Credit Risk Higher
Sep 28th, 9:38am
While it is still within what is considered normal limits, credit risk did move higher among loans originated during the second quarter of the...
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Mortgage Rates Hold Flat
Sep 28th, 9:17am
Mortgage Rates Hold Flat...Read More
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The Fed: Fischer suggests Fed should separate financial stability watchdog from FOMC
Sep 28th, 9:05am
Fed Vice Chairman Stanley Fischer on Thursday suggested the Bank of England's two policy committee structure - one for monetary policy and the...
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Initial jobless claims up 12K to 272,000; Q2 GDP up 3.1%
Sep 28th, 8:28am
CNBC's Rick Santelli breaks down the latest...
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Tech Products; Disaster Updates; Rates Moved by Peace/Tax Plan
Sep 28th, 8:25am
Research by the Washington Post finds only about 20% of homeowners in Texas counties that were hit by flooding have flood insurance. In separate,...
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U.S. second-quarter GDP growth revised up to 3.1 percent
Sep 28th, 7:56am
WASHINGTON (Reuters) - The U.S. economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more...
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Cohn says entire tax cut will be paid for by growth
Sep 28th, 7:55am
Tax cuts Republicans proposed this week will be paid for through economic growth, chief White House economic advisor Gary Cohn said...
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CoreLogic Reports Mortgage Credit Risk Increased in Q2 2017
Sep 28th, 7:55am
— Credit Risk for Loans in 2017 Comparable to Loans Issued in Early 2000s — Increase in Condo Co-op and Investor Shares in Q2...
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MBS Day Ahead: It's Uncanny How Much 2017 Looks Like 2014 Right Now
Sep 28th, 7:32am
First off, let me say that the extent to which bond market weakness over the past 2 days is being wholly attributed to the tax plan borders...
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America's 20 Hottest Markets for Real Estate in September 2017
Sep 28th, 7:03am
As September draws to a close, we're using realtor.com® data as a lens to take a snapshot of what the housing market across the country is like...
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The Fannie-Freddie Overhaul Is Near Do-or-Die With Corker Stepping Away
Sep 28th, 7:02am
Bloomberg The Fannie-Freddie Overhaul Is Near Do-or-Die With Corker Stepping Away Bloomberg For nearly a decade, "wait 'til next year" has...
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Dollar dips after Trump tax plan spurt, bond yields stay up
Sep 28th, 7:02am
LONDON (Reuters) - The dollar pulled back on Thursday, having risen along with bond yields after President Donald Trump proposed the biggest...
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CFPB Issues Order Over RESPA Violations
Sep 27th, 6:14pm
A settlement agent out of Indiana will pay more than a million dollars as part of an order alleging that it steered business to an affiliated...
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MBS RECAP: Treasuries Tank on Trump Tax Talk; MBS Not So Much
Sep 27th, 4:40pm
Posted To: MBS CommentaryWhile MBS definitely did sell-off today, and while mortgage rates did indeed move higher, it was Treasuries that took the...
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Navy FCU Marketing 5/5 ARM
Sep 27th, 3:53pm
A financial institution is originating adjustable-rate mortgages for securitization through government-sponsored enterprise securities.In a...
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Mortgage Rates Jolted Higher By Tax Plans
Sep 27th, 3:49pm
Posted To: Mortgage Rate WatchFirst thing's first: mortgage rates didn't have nearly as bad a day as US Treasuries. The latter serve as a general...
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The GOP's tax plan: Blueprint for reform
Sep 27th, 3:02pm
CNBC's Ylan Mui reports on the GOP's...
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Max Baucus: This is just a framework, we have no idea what the tax legislation might be
Sep 27th, 3:02pm
Max Baucus, former Senate Finance Committee...
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The real problem with credit reports is the astounding number of errors
Sep 27th, 3:02pm
The massive Equifax data breach is grabbing the headlines but the real problem is the astounding number of errors in credit reports, says...
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Everything you wanted to know about your credit report but were afraid to ask
Sep 27th, 3:02pm
The Equifax breach has raised many questions for consumers...Read More
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Zillow Forecast: "August Case-Shiller Forecast: Annual Home-Price Gains Aiming Higher"
Sep 27th, 3:02pm
The Case-Shiller house price indexes for July were released yesterday. Zillow forecasts Case-Shiller a month early, and I like to check...
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CFPB issues arbitration rule small entity compliance guide
Sep 27th, 3:01pm
The CFPB has issued a small entity compliance guide for its arbitration rule.  The rule became effective on September 18, and compliance with the...
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Pending Home Sales Down, 2017 Forecast Lowered
Sep 27th, 2:22pm
As pending home sales slowed to the weakest level in over a year-and-a-half, the outlook for this year's single-family sales was lowered due to...
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One-third of American households can't afford food, shelter or medical care
Sep 27th, 1:58pm
A new survey shows how many families are on the edge financially....Read More
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Reversing crisis-era trends, U.S. family income jumped in 2013-2016: Fed
Sep 27th, 1:58pm
(Reuters) - Income and net worth among U.S. families increased broadly between 2013 and 2016, a reversal to years of stagnation that cut across...
Read More
Bonds could be the big loser under the GOP tax plan
Sep 27th, 1:57pm
The Republican tax plan seeks to spark economic growth through lower rates but could punish U.S. government bonds....Read More
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Quicken Loans Owner is Bipartisan Supporter
Sep 27th, 1:10pm
The founder and chairman of Quicken Loans Inc., who appeared this week with the president's daughter, supports both sides of the political...
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Republicans unveil tax reform framework
Sep 27th, 1:09pm
CNBC's Ylan Mui reports on the GOP's...
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Dollar index nears 1-month high
Sep 27th, 1:09pm
CNBC's Jackie DeAngelis reports on what's...
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This is the most important point in the GOP tax-reform plan
Sep 27th, 1:03pm
Pundits are spending way too much time focused on what Trump's tax proposal means for the wealthy, says Jake Novak. Here's the...
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Fed's Bullard sees no need to raise interest rates anytime soon
Sep 27th, 1:03pm
St. Louis Fed President James Bullard on Wednesday said slow growth and low inflation mean the central bank can hold interest rates steady over...
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No Working Fed Inflation Models, Says Dan Tarullo - Bloomberg Video
Sep 27th, 1:03pm
Bloomberg No Working Fed Inflation Models, Says Dan Tarullo Bloomberg Former Federal Reserve Governor Daniel Tarullo talks about inflation and the...
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Biggest PACE Lender Under FBI Investigation
Sep 27th, 12:08pm
The biggest originator of Property Assessed Clean Energy loans is reportedly under investigation by the Federal Bureau of Investigation.Renovate...
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OIG Criticizes Ginnie Mae Oversight of Nonbanks
Sep 27th, 11:51am
Posted To: MND NewsWireGinnie Mae, is a wholly owned U.S. government corporation that guarantees and securitizes pools of mortgages originated...
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Freddie Mac: Mortgage Serious Delinquency rate declined in August, Lowest since April 2008
Sep 27th, 11:40am
Freddie Mac reported that the Single-Family serious delinquency rate in August was at 0.84%, down from 0.85% in July.  Freddie's rate is...
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Refinance Retreat Behind BofA Layoffs
Sep 27th, 11:39am
A slowing refinance market is being blamed for mortgage layoffs in North Carolina at Bank of America Corp. Technology staffing is also being...
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Agencies propose simplifying regulatory capital rules
Sep 27th, 11:18am
Agencies propose simplifying regulatory capital rules...Read More
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Drop in Refi Mortgage Apps Wipes Out Purchase Gain
Sep 27th, 10:38am
A comprehensive snapshot of weekly mortgage applications was little changed as continued weakening in refinance activity offset an increase in...
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Freddie Mac Announces the Issuance of a New Three-Year Reference Notes Security
Sep 27th, 10:28am
Freddie Mac Announces the Issuance of a New Three-Year Reference Notes Security...Read More
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CFPB's Richard Cordray: Credit companies have to accept 'the old days' of no supervis
Sep 27th, 10:02am
We need to have preventive monitoring in place,...
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Worst Bond-Market Rut in 52 Years Shows Few Signs of Break Out - Bloomberg
Sep 27th, 9:39am
Bloomberg Worst Bond-Market Rut in 52 Years Shows Few Signs of Break Out Bloomberg The world's most important bond market is stuck in its...
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Housing Momentum "Drained" Per Pending Sales Data
Sep 27th, 9:22am
Posted To: MND NewsWireThe prospects for home sales weakened further in August, and the National Association of Realtors (NAR) has downgraded...
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Market Extra: Why the Fed trumps North Korea when it comes to financial markets
Sep 27th, 8:59am
Geopolitical tensions might seem like they should be one of the biggest drivers omarket action, but they've got nothing on the Federal Reserve,...
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Study Finds Green Home Building Continues to Gain Traction
Sep 27th, 8:44am
NEW YORK, Sept. 27, 2017 /PRNewswire/ -- Green construction is rapidly gaining traction among both single family and multifamily home builders,...
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Bond Report: Treasury yields jump as traders position for higher rates
Sep 27th, 8:30am
U.S. Treasury prices retreated further on Wednesday, driving yields higher, amid a modest rise in appetite for assets perceived as risky like...
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MBS Day Ahead: Bonds Staring Down a Tough Day
Sep 27th, 8:24am
Posted To: MBS CommentaryBefore it even began, today was set to be a challenge for bond markets. As discussed in an earlier update on MBS Live ,...
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Durable good orders come in higher than estimates
Sep 27th, 8:15am
CNBC's Rick Santelli breaks down the latest...
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Bank/Lender M&A - The What and Why; Training Events
Sep 27th, 8:14am
Posted To: Pipeline PressPrincess Bride 30-years old ? Time flies. My 94-year old father remembers his childhood phone number in San Francisco:...
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Purchase Applications Gain Ground
Sep 27th, 8:10am
Posted To: MND NewsWireA second consecutive downturn in refinancing volume during the week ended September 22 offset one of the best weeks for...
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Orders for long-lasting factory goods rose more than expected in Aug
Sep 27th, 7:41am
New orders for capital goods increased more than expected in August and shipments maintained their upward trend....Read More
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Trump's tax plan to propose deep U.S. rate cuts, lacks revenue details
Sep 27th, 7:04am
WASHINGTON (Reuters) - U.S. President Donald Trump will call on Wednesday for slashing tax rates on businesses and the wealthy as part of a new...
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Yellen lifts dollar as global markets await Trump tax plan
Sep 27th, 7:03am
LONDON (Reuters) - Growing expectations that the U.S. Federal Reserve will raise interest rates for the third time this year lifted the dollar on...
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Freddie Mac Issues Monthly Volume Summary for August 2017
Sep 27th, 7:02am
Freddie Mac Issues Monthly Volume Summary for August 2017...Read More
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2-Yr High for CMBS Lates, 10-Yr Low Bank CRE Rate
Sep 26th, 6:40pm
Delinquency on securitized commercial real estate loans jumped to the highest level in nearly two years. But CRE loan delinquency at banks was the...
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New Post-Crisis Low for Freddie's Delinquency
Sep 26th, 5:14pm
The rate of serious mortgage delinquency at the Federal Home Loan Mortgage Corp. has fallen to the lowest level in nearly a decade.As of the end...
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Home Prices Indices All Up
Sep 26th, 4:41pm
Led by the Pacific Northwest, the nation's home prices continued to move higher on a year-over-year basis -- with some indices at record highs. On...
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MBS RECAP: No Drama From Yellen; Bonds Still Holding Ground
Sep 26th, 3:33pm
Posted To: MBS CommentaryToday was another good day for bond markets despite the fact that Treasury yields moved somewhat higher during the course...
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How to Ensure a Stressful Closing: Borrower Edition
Sep 26th, 2:30pm
Posted To: Community CommentaryThere are copious resources available on what you should do during the loan process to expedite your closing. Your...
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4th Straight Day Without Bad News For Mortgage Rates
Sep 26th, 2:09pm
Mortgage ratesimproved moderatelytoday, making this the 4th straight business day without any new weakness (aka "higher rates")....
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Breaking down Janet Yellen's comments on inflation and interest rates
Sep 26th, 1:37pm
CNBC's Steve Liesman reports on the highlights...
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Fed Chair Yellen: There will be some upward pressure as balance sheet shrinks
Sep 26th, 1:36pm
Federal Reserve Chair Janet Yellen answers question...
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Fed Chair Yellen: Rate hike schedule not set in stone
Sep 26th, 1:36pm
Federal Reserve Chair Janet Yellen answers question...
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Stop sugarcoating the housing market: Economist warns that buyers face increasing troubles
Sep 26th, 1:34pm
The nation's housing market is not healthy; in fact, it is increasingly mismatched with today's buyers....Read More
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Senate will not vote on Obamacare repeal bill, killing health reform chances in '17
Sep 26th, 1:34pm
Three GOP senators have said they would vote "no" on Graham-Cassidy, which will be the last opportunity for Republicans to pass Obamacare repeal...
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6 reasons why inflation will stay low — and how to capitalize on it
Sep 26th, 1:30pm
Invest in housing plays, brokerages and recruitment firms, writes Michael Brush...Read More
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Senior Republican senator says he thinks Trump will not reappoint Yellen to Fed
Sep 26th, 1:29pm
An influential Republican Senator said Tuesday he did not think that President Donald Trump would reappoint Fed Chairwoman Janet Yellen to a...
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Non-QM Drives Growth at Angel Oak
Sep 26th, 1:22pm
Rapid growth in the origination of home loans that don't meet the requirements for Qualified Mortgages is driving an expansion at Angel Oak...
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Fed's Yellen says gradual hikes should continue, despite weak inflation
Sep 26th, 11:57am
CLEVELAND (Reuters) - The Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation, Fed Chair...
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Watch Fed Chair Janet Yellen discuss inflation and the economy
Sep 26th, 11:38am
Yellen will discuss "inflation, uncertainty, and monetary policy" in an address Tuesday to the National Association for Business Economics in...
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The Fed: Fed's Bostic, in first speech, says he's skeptical of common excuses for low infl
Sep 26th, 11:37am
Atlanta Fed President Raphael Bostic, in his first speech, showed an independent streak by saying he is skeptical of the most common explanations...
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Wells Fargo Settling Alleged Illegal Modifications
Sep 26th, 11:00am
Wells Fargo & Co. has agreed to negotiate a settlement in a case alleging it made loan modifications on a bankrupt borrower's mortgage that...
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Reis: Apartment Vacancy Rate increased in Q3 to 4.5%
Sep 26th, 10:36am
Reis reported that the apartment vacancy rate was at 4.5% in Q3 2017, up from 4.4% in Q2, and up from 4.1% in Q3 2016.  This is the...
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New Home Sales Down, But Supply Biggest in 3 Years
Sep 26th, 10:19am
There are more new homes for sale than during any month in three years. Still, the volume of new home sales has diminished from a month earlier...
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Fed's Brainard: Labor market disparities reducing U.S. economy's potential
Sep 26th, 10:18am
WASHINGTON (Reuters) - Labor market disparities in the U.S. economy are curbing the nation's long-run potential growth, Federal Reserve Governor...
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Former Lend America President Sentenced to Prison
Sep 26th, 10:09am
The former president of a defunct mortgage banking firm that operated from Melville, New York, has been sentenced to prison for defrauding the...
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US consumer confidence takes a hit from hurricanes
Sep 26th, 10:03am
American consumers feel a bit less confident this month, their spirits pulled down by Hurricanes Harvey and Irma....Read More
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New home sales decline to 8-month low in August
Sep 26th, 9:44am
CNBC's Diana Olick reports the latest read on...
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Consumer confidence comes in higher than estimates
Sep 26th, 9:44am
CNBC's Rick Santelli reports the latest read on...
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There's a good deal of confusion right now: Jeffrey Sonnenfeld on Equifax CEO retiring
Sep 26th, 9:44am
Jeffrey Sonnenfeld, Yale School of Management...
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New Home Inventory Crosses 6-Month Supply Mark as Sales Lag
Sep 26th, 9:43am
Posted To: MND NewsWireNew home sales were down again in August, following a 9.4 percent plunge in July. The U.S. Census Bureau and the Department...
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The Fed: Gap between rich and poor continues to widen, latest Fed data show
Sep 26th, 9:34am
The gap in household income and wealth between the richest and poorest households continues to widen, according to results of a survey released by...
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Home Prices Still Rising; Other Indicators Leveling Off
Sep 26th, 8:59am
The S&P CoreLogic Case-Shiller U.S. National Home Price Index accelerated again in July, posting a 5.9 percent year-over-year gain compared to...
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Bond Report: Treasury yields stabilize as traders brace for data, Fed speakers
Sep 26th, 8:28am
U.S. Treasurys are holding their ground Tuesday, leaving yields little changed, as investors await a spate of data and remarks by Federal Reserve...
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New Lender Products; Cyber-Security Guide; USDA Rural Status
Sep 26th, 8:21am
Posted To: Pipeline PressDon’t you hate it when the dog tracks muddy footprints into the house? It certainly doesn’t help if...
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MBS Day Ahead: A Note on How to Read Bond Market News
Sep 26th, 8:05am
Posted To: MBS CommentaryFor some of you, this may seem very basic. For others, hopefully it will serve as an eye-opener or even just a useful...
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US futures mixed as investors await Yellen after Dow's 3rd straight decline
Sep 26th, 7:35am
U.S. stock futures were pointing to modest gains on Tuesday after a tech-focused droop....Read More
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CFPB proposes off-balanced approach to public disclosure of HMDA data
Sep 26th, 7:32am
In October 2015, the CFPB adopted significant changes to the rules under the Home Mortgage Disclosure Act (HMDA).  Among the changes, the items...
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Mortgage Compliance and Quality Control Help
Sep 25th, 5:35pm
One mortgage technology provider is helping lenders comply with upcoming changes on reporting requirements. Quality control is the focus of...
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Risk of Ineligibility Up as Purchase Share Rises
Sep 25th, 4:22pm
The evolution from a refinance to a purchase market has raised the risk of defects. Government-insured mortgages are more at risk than...
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MBS RECAP: 2nd Straight Day With Help From North Korea
Sep 25th, 4:16pm
It's tempting to say that bond markets are definitively pushing back against the sharp correction that brought rates higher over the past 2...
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Mortgage Rate Resilience Continues
Sep 25th, 3:37pm
Mortgage ratesheld their ground yet again, and are finally starting to look resilient after a relatively sharp move higher over the past 2...
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Economists at the Fed are worried about its ability to respond to future crises
Sep 25th, 3:35pm
Fed economists worry that the central bank may have a hard time lowering rates when future economic crises arise....Read More
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Fed policymakers clash on outlook for inflation
Sep 25th, 2:28pm
SYRACUSE, N.Y./GRAND RAPIDS, Mich. (Reuters) - A debate within the Federal Reserve over the outlook for U.S. inflation burst into public view just...
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The No. 1 mistake homebuyers make when trying to get a good deal
Sep 25th, 2:04pm
When thinking about whether to purchase real estate, it helps to first change your mindset in one crucial way....Read More
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Has The Fed Abandoned Its Reaction Function?
Sep 25th, 12:58pm
From economist Tim Duy at FedWatch: Has The Fed Abandoned Its Reaction Function? The immediate policy outcomes of the FOMC meeting were largely as...
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Fed's Evans won't support another rate hike until there are ‘
Sep 25th, 12:57pm
Chicago Fed President Charles Evans said Monday the Fed should not raise rates again until there are ‘clear signs' of building wage and prices...
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North Korea accuses US of declaring war, says can take countermeasures
Sep 25th, 12:54pm
North Korea's foreign minister on Monday...
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Home Lenders Loosen Standards as Demand Wanes
Sep 25th, 12:22pm
As demand has diminished for refinanced single-family loans, credit standards on mortgages -- especially government-sponsored enterprise loans --...
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Competition Lowers Credit Standards and Profit Expectations
Sep 25th, 11:38am
Posted To: MND NewsWireSince the fourth quarter of 2016, lenders have increasingly reported to Fannie Mae that they have been loosening their home...
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Homeowners' Equity Continues to Improve
Sep 25th, 10:53am
The Board of Governors of the Federal Reserve System published the Financial Accounts of the United States for the second quarter of 2017. The...
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Caliber Gives Realtors, Builders Pipeline Access
Sep 25th, 10:27am
Realtors and home builders who have homebuyers with loans pending at Caliber Home Loans Inc. will now have access to details about their...
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Dallas Fed: "Growth in Texas Manufacturing Activity Holds Steady" in September
Sep 25th, 9:54am
From the Dallas Fed: Growth in Texas Manufacturing Activity Holds Steady Texas factory activity continued to increase in September, according to...
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Yes, Lenders Are Moving Toward A Digital Mortgage
Sep 25th, 9:47am
There is a lot of buzz around the digital mortgage, but are lenders really interested in this strategy? The answer is: Yes. For example, Desert...
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Housing Market "Funk" Doesn't Reflect Consumer Attitudes
Sep 25th, 9:37am
Home sales might be a bit disappointing, but the National Association of Realtors (NAR) says consumer attitudes about the economy are not the...
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loanDepot Helps Those Impacted by Hurricanes
Sep 25th, 9:37am
loanDepot, announced its plans to help families impacted by flooding and damage from hurricanes Harvey and Irma by introducing a FHA-203(h)...
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loanDepot Helps Those Impacted By Hurricanes
Sep 25th, 9:37am
loanDepot, announced its plans to help families impacted by flooding and damage from hurricanes Harvey and Irma by introducing a FHA-203(h)...
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I'd be 'truly stunned' if Trump considers Gary Cohn for Fed post: Axios reporter
Sep 25th, 9:01am
Jonathan Swan, Axios national political reporter,...
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As Market Pressures Mount, Lenders Continue to Ease ...
Sep 25th, 8:50am
News Release. Share This: September 25, 2017. As Market Pressures Mount, Lenders Continue to Ease Mortgage Credit Standards. Katie Penote....
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Black Knight: Home Prices Appear to Have Stabilized
Sep 25th, 8:29am
After accelerating on a year-over-year basis through every previous month in 2017, the rate of home price appreciation appears to have stabilized...
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Dudley sees Fed rate hikes; inflation weakness 'fading'
Sep 25th, 8:29am
SYRACUSE, N.Y. (Reuters) - The Federal Reserve is on track to gradually raise interest rates given the recent inflation weakness is fading and the...
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Training and Events; Freddie Mac's K-Deals; Top QC Issues
Sep 25th, 8:23am
Posted To: Pipeline PressThink you have problems? What if you owned a mall and your main tenant is Toys “R” Us? As in the Toys...
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Chicago Fed "Index points to slower economic growth in August"
Sep 25th, 8:21am
From the Chicago Fed: Index points to slower economic growth in August Led by declines in production-related indicators, the Chicago Fed National...
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MBS Day Ahead: Bonds Ponder Reversal as Month-End Approaches
Sep 25th, 8:03am
The current week begins with bonds holding ground for a 3rd day after a fairly sharp selling spree in the preceding 2 weeks. The big...
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Originations: Will Rates Spike As Fed Eases Stimulus?
Sep 25th, 7:21am
Stories I recommend today The post Originations: Will Rates Spike As Fed Eases Stimulus? appeared first on The Basis Point ....Read More
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Boomers aren't selling the nest after children fly the coop. Here's what that means for ho
Sep 25th, 7:19am
'For many it does not make sense to sell,' a top real estate analyst explains....Read More
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Flip, Rent, or Hold: What's the Best Path to Real Estate Riches?
Sep 25th, 7:16am
Want to make money in real estate? We looked at the five main real estate investment options for ordinary people, then broke down the typical...
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DR Horton cuts cash flow forecast 50 percent due to hurricanes
Sep 25th, 7:14am
(Reuters) - D.R. Horton Inc , the No.1 U.S. homebuilder, slashed its 2017 cash flow forecast from operations by half, citing delays because of the...
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Euro, bond yields drop as Germany's Merkel holds on
Sep 25th, 7:10am
LONDON (Reuters) - The euro and European government bond yields slipped on Monday after the bloc's most powerful leader, German Chancellor Angela...
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Mortgage Firms Keep Up With Mobile Adoption
Sep 22nd, 5:48pm
As more data emerges confirming the continued adoption of mobile technology in financial services, home lenders and service providers are...
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Refinances Drive Down New Mortgage Business
Sep 22nd, 5:06pm
Driven by refinance transactions, new mortgage activity retreated this past week. While adjustable-rate business was down the most, the category...
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MBS RECAP: After More Nuclear Headlines, Bonds Punt
Sep 22nd, 3:52pm
Posted To: MBS CommentaryWho knows how today's trading would have unfolded absent the overnight headlines that North Korea was planning to...
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Rates Show Resilience But Not Without Help
Sep 22nd, 3:27pm
Posted To: Mortgage Rate WatchMortgage rates held their ground yesterday. That was a refreshing development given the abrupt move higher over the...
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A rising share of Wall Street CFOs think this stock market is ‘bubblic
Sep 22nd, 2:54pm
Wall Street stocks have been mostly on a record-setting uptrend and that has raised concerns from C-suite executives tasked with managing a...
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Retirement Weekly: Should you use a reverse mortgage in retirement?
Sep 22nd, 2:54pm
Home equity is often ignored when it comes to retirement planning....Read More
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Bankruptcy Ruling Benefits Foreclosing Parties
Sep 22nd, 1:42pm
The 9th Circuit Court of Appeals has barred claims due to the borrower's failure to amend include the claims in their bankruptcy schedules.On Aug....
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Some homeowners still can't sell because they owe more on the homes than they're worth
Sep 22nd, 12:38pm
Home prices and housing demand are both soaring, and real estate agents are desperate to find more homes to list....Read More
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Fed's George wants to put QE 'in a box,' never to be reopened
Sep 22nd, 11:53am
Kansas City Fed President Esther George said Friday she hoped the central bank would put its "quantitative easing" bond-buying program "in a box"...
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Acquisitions Might Be Factor in Equifax Data Hack
Sep 22nd, 11:38am
Aggressive growth through a string of acquisitions might have been a big factor in the data breach disclosed last month by Equifax Corp.After...
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Rates Rise but Refi Share Unchanged
Sep 22nd, 11:26am
Posted To: MND NewsWireRefinancing accounted for 35 percent of all mortgages originated in August, unchanged from July, but down from 47 percent...
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Financial conditions won't tighten materially if Fed takes it slow: Fidelity's Jurrien Tim
Sep 22nd, 11:02am
Jurrien Timmer, Fidelity Investments director of...
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US Construction Expenditures to Reach $1.6 Trillion in 2021
Sep 22nd, 10:56am
CLEVELAND, Sept. 22, 2017 /PRNewswire/ -- US construction expenditures are forecast to reach $1.6 trillion in 2021, according to Construction:...
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BofA Could Avoid Massive Foreclosure Judgment
Sep 22nd, 10:33am
Bank of America Corp. has reached a settlement with a California couple in a wrongful foreclosure action for far less than a massive judgment...
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The Fed: Fed's Williams says ‘normal' interest rate around 2.5%
Sep 22nd, 10:31am
The longer-run neutral interest rate is now around 2.5%, said San Francisco Fed President John Williams on Friday....Read More
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UI Praises HARP Benefits, Lessons
Sep 22nd, 10:14am
Posted To: MND NewsWireSometimes government gets it right. The Urban Institute (UI) clearly thinks that the Home Affordable Refinance Program, at...
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Investors eye market reaction to the Fed
Sep 22nd, 9:30am
Markets react to the fed’s decision to start...
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Apartment Absorption Flat While Condo Absorption Climbs
Sep 22nd, 9:06am
The Census Bureau, in collaboration with the Department of Housing and Urban Development (HUD), recently released the Survey of Market Absorption...
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Agency Conforming Changes; Market Exec on Cost to Originate
Sep 22nd, 8:37am
Welcome to the autumn equinox. How about this? There have been no public CFPB enforcement actions or consent orders dealing with QM, ATR, or TRID....
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Home Equity Increases, Average Gains Vary Wildly
Sep 22nd, 8:18am
Rising home prices continue to fuel fast growth in household equity. CoreLogic said on Thursday that owners of mortgaged properties in the...
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MBS Day Ahead: Despite North Korea Headlines, Same Showdown on Tap
Sep 22nd, 7:59am
Posted To: MBS CommentaryWith a dearth of economic data on the calendar, bond traders were set to take cues from other traders, technical levels,...
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Fed's Williams sees a calm market reaction to reducing its huge balance sheet
Sep 22nd, 7:24am
Fed's Williams sees a calm market reaction to reducing its huge balance...
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Flood, fix and flip: Houston housing investors see profit in Harvey's wake
Sep 22nd, 7:19am
HOUSTON (Reuters) - Addressing a real estate conference in flood-ravaged Houston this month, longtime investor Ray Sasser detailed his strategy:...
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The Headaches a Three-Person Fed Board Would Face
Sep 22nd, 7:19am
Bloomberg The Headaches a Three-Person Fed Board Would Face Bloomberg As of October, the Federal Reserve's politically-appointed Board of...
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Mortgage Rates Rise, VA Rates Lowest
Sep 21st, 5:58pm
After nearly two months without an increase, mortgage rates moved higher this past week. Rates on home loans for veterans remain the lowest.On...
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MBS RECAP: Bonds Generally Hold Ground, Complicating The Outlook
Sep 21st, 3:40pm
In a sick way, it would have been easier to see additional weakness in bond markets today. At least that would have jived with past...
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Household wealth jumps nearly $1.7 trillion to record, thanks to rising home and stock values
Sep 21st, 3:01pm
Net household wealth, including that of nonprofits, climbed to a record $96.2 trillion in the second quarter of 2017, the Federal Reserve said...
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Investors fear a Fed policy misstep as central bank reaffirms rate-hike trajectory
Sep 21st, 2:59pm
Long-end Treasury yields slipped on early Thursday trade after spiking initially when the Federal Reserve committed to a December rate hike. Bond...
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Yellen's stock rises as she leads Fed from crisis-era policy
Sep 21st, 2:59pm
NEW YORK/WASHINGTON (Reuters) - From her early days as Federal Reserve chair, Janet Yellen has been the target of criticism from Republicans...
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Mortgage Rates Find Some Support
Sep 21st, 2:44pm
Mortgage rateshave been higheralmost exclusively for the past 2 weeks. Yesterday was no exception as the Federal Reserve...
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Finance of America Increases Correspondent Focus
Sep 21st, 1:57pm
Finance of America Mortgage revealed a new unit that will target small financial institutions. Included in the offering are correspondent...
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SEC reveals it was hacked in 2016
Sep 21st, 1:29pm
CNBC's Eamon Javers reports the latest on the...
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Equifax acknowledges it sent customers to fake phishing site
Sep 21st, 1:29pm
CNBC's Aditi Roy reports on how hackers...
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Exclusive: U.S. Homeland Security found SEC had 'critical' cyber weaknesses in January
Sep 21st, 12:44pm
WASHINGTON (Reuters) - The U.S. Department of Homeland Security detected five "critical" cyber security weaknesses on the Securities and Exchange...
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As the Fed Steps Back From Mortgage Market, REITs Gear Up to Buy
Sep 21st, 12:43pm
Bloomberg As the Fed Steps Back From Mortgage Market, REITs Gear Up to Buy Bloomberg Many fund managers are fearful about the Federal Reserve...
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Fed Action Possible in Wells Fargo Account Scandal
Sep 21st, 12:42pm
Just a day after documents emerged indicating that the penalty for Wells Fargo & Co.'s fake account scandal could have been far greater, the...
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3 Trends That Will Drive The Mortgage Market in 2018 - Freddie Mac
Sep 21st, 11:36am
Hard to believe it's already that time again, but Freddie Mac's Economic and Housing Research Group are out with their forecast for 2018....
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Mortgage Delinquency Up, Hurricane Impact Begins
Sep 21st, 11:27am
While the foreclosure rate eased last month, mortgage delinquency edged higher. Loan performance is beginning to be impacted by hurricane...
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Refis to Pull Down Mortgage Originations in 2018
Sep 21st, 10:15am
Although the annual volume of loans to finance a home purchase are forecasted to grow, a drop in projected refinances will drag down overall...
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Art Cashin: The Fed projects 3 rate hikes for 2018, but Trump could change on that
Sep 21st, 10:01am
"We've got to remember that we're going to have a bit of a different Fed when it comes to implementing this," Art Cashin says....Read More
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Cautious and deliberate Fed could keep markets in rally mode: Strategist
Sep 21st, 9:25am
Sameer Samana, Wells Fargo global strategist, and...
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Leading economic indicators increase 0.4 percent, more than 0.2 percent expected
Sep 21st, 9:08am
Leading indicators was expected to increase in August by 0.2 percent....Read More
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Pacific Division Prices Down in FHFA Report
Sep 21st, 8:48am
Home prices increased by 0.2 percent from June to July according to the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI)....
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MBS Day Ahead: Bond Sell-Off's Grinch-Like Heart Growing 2.28 Sizes
Sep 21st, 8:43am
Posted To: MBS CommentaryRemember when the Grinch's heart grew 3 sizes? No, I mean, do you really remember watching that movie for the first...
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Weekly jobless claims decline to 259,000
Sep 21st, 8:31am
CNBC's Rick Santelli breaks down the latest...
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False Claims Act Penalty; Lender's Disaster News; Fed Does the Expected
Sep 21st, 8:25am
Posted To: Pipeline PressI am currently in South Carolina, and as it turns out, no other U.S. region is more populous than the South Atlantic...
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Yellen Brushes Aside Inflation 'Mystery' While Fed Eyes Rate Hike
Sep 21st, 8:02am
Bloomberg Yellen Brushes Aside Inflation 'Mystery' While Fed Eyes Rate Hike Bloomberg Federal Reserve Chair Janet Yellen...
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2-year Treasury yield holds around highest level since 2008
Sep 21st, 8:01am
U.S. Treasury prices extend their slide on Thursday, helping to add to the 2-year Treasury yield's highest level in nearly a decade, after the...
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KB Home cuts CEO's bonus as punishment for his profanity-laced rant at neighbor Kathy Griffin
Sep 21st, 8:01am
KB Home's CEO will see his year end bonus cut after being caught on audio Saturday night yelling a string of profanities at comedian Kathy...
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Fed's 'Great Unwinding' lifts dollar, yields and bank stocks
Sep 21st, 8:00am
LONDON (Reuters) - Signals the Federal Reserve will hike U.S. interest rates again this year and begin the 'Great Unwinding' of a decade of...
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CoreLogic: "2.8 million Homes still in negative equity" at end of Q2 2017
Sep 21st, 7:55am
From CoreLogic: CoreLogic Reports 2.8 Million Residential Properties with a Mortgage Still in Negative Equity CoreLogic® ... today released its...
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Freddie Mac September 2017 Outlook
Sep 21st, 7:55am
Freddie Mac September 2017 Outlook...Read More
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ECOA Rule Finalized
Sep 20th, 5:45pm
Proposed changes to the Equal Credit Opportunity Act that are intended to provide greater clarity for home lenders have been finalized.Back in...
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Big Credit Union Hit By HEL Fraud
Sep 20th, 5:39pm
A federally insured credit union that originated nearly $13 billion in home loans last year was defrauded by a real estate investor on home-equity...
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Existing Home Sales Fall to 1-Year Low
Sep 20th, 5:05pm
It's been a year since the annual rate of existing home sales was as low as it was last month. Hurricane-affected areas are expected to weaken...
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Refinances Remain Steady With Slight Uptick In Interest Rates
Sep 20th, 4:52pm
The percentage of refinances remained steady at 35 percent of total loans, despite a slight uptick in interest rates according to the...
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MBS RECAP: Ugly September Gets Uglier After The Fed
Sep 20th, 4:28pm
Today's Fed announcement wasn't appreciably different than most economists, traders, and armchair analysts expected. They confirmed the...
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Mortgage Rates Highest in More Than a Month After Fed
Sep 20th, 4:12pm
Mortgage ratesrose todayfollowing the announcement and--more importantly--the Fed's updated economic projections. The Fed holds...
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IMM, Wacom Deliver eSignature Capture Devices
Sep 20th, 4:05pm
IMM, a source of eSignature and eTransaction Management for financial institutions, and Wacom, a provider of electronic signature hardware,...
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Wells Fargo may be facing Fed penalty, Yellen says
Sep 20th, 3:45pm
Wells Fargo may still face a penalty from the Federal Reserve for opening millions of unauthorized accounts....Read More
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Lenders Make Riskier Mortgages as Closing Rate Up
Sep 20th, 3:43pm
Compared to a year ago, home lenders took more risk on mortgages closed last month as government share has widened. Closing ratios and turnaround...
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Yellen: Decisions reflect our view that US economy is performing well
Sep 20th, 3:14pm
Federal Reserve Chair Janet Yellen answers...
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Janet Yellen dodges question about her future as Fed chair
Sep 20th, 2:41pm
Fed Chair Janet Yellen would not say Wednesday if she knew whether President Donald Trump will reappoint her....Read More
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Nearly $300 Million Judgment Against Allied
Sep 20th, 2:37pm
The federal government has obtained a nearly $300 million judgment against Allied Home Mortgage entities over alleged fraudulent misconduct on...
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The Fed won't stop cutting back on stimulus unless economy hits another big downturn, Yellen sa
Sep 20th, 2:14pm
Fed chair Janet Yellen hinted at what may stop the central bank's stimulus unwind plans at a press conference in Washington, DC....Read More
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Yellen: Expect that ongoing strength of economy will warrant gradual rate rises
Sep 20th, 2:00pm
Federal Reserve Chair Janet Yellen speaks about the...
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Fed approves October reversal of historic stimulus, leaves rates unchanged
Sep 20th, 1:07pm
The Fed was not expected to raise its benchmark interest rate at this week's meeting....Read More
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Why It's a Better Time for Buyers on a Budget to Purchase a Home
Sep 20th, 12:47pm
Tales of home buying woe abound, from sticker shock to being outbid on the home of your dreams. But it may be a good time to become a homeowner...
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Economist: Fed's market impact could come on interest rate expectations
Sep 20th, 11:43am
David Rosenberg, Gluskin Sheff chief economist and...
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CFPB Provides Some Clarity on Alternative-Data Models Through No-Action Letter
Sep 20th, 11:11am
On September 14, 2017, the CFPB issued a no-action letter – the first one ever issued by the agency – to a marketplace lender, stating that the...
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Fed conflicted by weak U.S. inflation, global economic rebound
Sep 20th, 10:40am
WASHINGTON (Reuters) - Caught between a lull in U.S. inflation and a stronger global economy, the Federal Reserve is expected on Wednesday to...
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Here's what BlackRock says will happen after the Fed announcement
Sep 20th, 10:11am
The Fed is expected to begin unwinding its giant balance sheet, but that should not have much immediate impact on interest rates, according to...
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What rates do will be a function of how much Fed unwinds balance sheet: RBC's Tom Porcelli
Sep 20th, 9:58am
Discussing the expectations from today's...
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Existing Home Sales Distorted by Harvey
Sep 20th, 9:53am
Posted To: MND NewsWireAugust was yet another disappointing month for existing home sales. The National Association of Realtors (NAR) says...
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Uniform Closing Dataset (UCD) Info; FINRA; Fed Announcement
Sep 20th, 9:27am
Posted To: Pipeline PressUCD Information As announced in September 2016,the Uniform Closing Dataset (UCD) mandate remains September 25,...
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NAR: "Existing-Home Sales Subside 1.7 Percent in August "
Sep 20th, 9:24am
From the NAR: Existing-Home Sales Subside 1.7 Percent in August Existing-home sales stumbled in August for the fourth time in five months as...
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AIA: Architecture Billings Index "growth streak" continues in August
Sep 20th, 8:35am
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index...
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FAU Buy vs. Rent Index Shows U.S. Homeowners Still Coming Out Ahead of Renters, But Just Barely
Sep 20th, 8:18am
BOCA RATON, Fla., Sept. 20, 2017 /PRNewswire/ -- U.S. homeowners are still coming out ahead of their friends who rent, but just barely. According...
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Market will focus on 'dot plot' after FOMC announcement: Charles Schwab's Kathy Jones
Sep 20th, 7:59am
Kathy Jones, Charles Schwab & Co. chief fixed...
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Tracking the Fed's great unwind
Sep 20th, 7:53am
CNBC's Steve Liesman provides insight to the...
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Mortgage Apps Tanked Last Week. Was it Rates' Fault?
Sep 20th, 7:52am
Overall mortgage application activity diminished significantly during the week ended September 15, but refinancing continued to hold its own,...
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MBS Day Ahead: Bonds Ready to Move Either Direction After The Fed
Sep 20th, 7:33am
Posted To: MBS CommentaryMuch like an actor can get lost in a role and take things a bit too far, bond markets played the part of "a market...
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Real estate investment trust sees business booming post-Hurricane Harvey
Sep 20th, 7:15am
Camden Property Trust has seen a "total transformation" of its business since Hurricane Harvey slammed into Texas, its CEO told CNBC on...
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TRULIA: Starter Homebuyers Should Start House Hunting Now
Sep 20th, 7:09am
Starter-home Inventory Peaks in the Fall, While Listing Prices Hit a Low Point in the Winter...Read More
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Seasonal Trends May Favor Bonds Over Stocks for the Rest of September
Sep 20th, 7:08am
Bloomberg Seasonal Trends May Favor Bonds Over Stocks for the Rest of September Bloomberg History fans take note. Seasonal trends for the second...
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Fed is taking a major step away from its Great Recession policy
Sep 20th, 7:07am
The bond market's blase view of the Fed could change with Wednesday's announcement....Read More
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MBS RECAP: Bonds Reaffirm The September Correction
Sep 19th, 4:33pm
Posted To: MBS CommentaryWhile MBS managed to remain 1 tick in positive territory today, Treasury yields were higher on the day and the overall...
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Rates Steady Near Recent Highs Ahead of Fed
Sep 19th, 3:36pm
Mortgage ratesremainedunchanged today, on average. This keeps them in line with their highest levels in more than a month,...
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Why equities and bonds both being overvalued poses a huge risk
Sep 19th, 3:31pm
Boris Schlossberg of BK Asset Management says...
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Mortgage Conferences Cover Compliance, Technology
Sep 19th, 3:26pm
Topics to be covered at several upcoming mortgage-related events include compliance risk, housing risk and mortgage technology. One forum will...
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U.S. stocks gain as all three main indexes close at records
Sep 19th, 3:21pm
U.S. stocks extended gains Tuesday with all three main benchmarks closing at records as the Federal Reserve began its two-day policy meeting where...
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MBS Issuance Up at Ginnie Mae
Sep 19th, 2:35pm
As the Government National Mortgage Association's book of business continued to grow, a month-over-month increase in issuance was recorded.As of...
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Mortgage Fraud Risk Rises, Could Climb Higher
Sep 19th, 1:30pm
A growing share of purchase-money and wholesale lending has helped to push up the risk of mortgage fraud. Also contributing were jumbo...
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Irma may have caused $42.5 billion to $65 billion in property damage, report says
Sep 19th, 1:21pm
Hurricane Irma may have caused $42.5 billion to $65 billion in wind and flood damage, according to CoreLogic....Read More
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Labor shortage amplified by hurricane rebuilding
Sep 19th, 1:21pm
CNBC's Diana Olick reports on Hurricane...
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Don't Give Up, Buyers: More Newly Constructed Homes Are On the Way
Sep 19th, 12:43pm
Permits, the best indicator of how many newly built homes will rise over the next few months, were up in August, according to a recent report. The...
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Fraud Risk Continues Upward Trend
Sep 19th, 12:42pm
Posted To: MND NewsWireJumbo refinances led the way as mortgage fraud risk posted another gain in the second quarter of 2017. CoreLogic reports...
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Cashin: Stock market is marching in place waiting for tomorrow
Sep 19th, 12:08pm
CNBC's Bob Pisani and Art Cashin of UBS discuss...
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Apt Permits Soar as 1-Unit Completed Constr Sinks
Sep 19th, 11:59am
Permits to build apartment units drove up overall housing permits last month. But completed construction was pulled down by single-family...
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Yellen reappointment as Fed chair seen as more likely: Survey
Sep 19th, 11:18am
About 60 percent in the CNBC Fed Survey say Trump should reappoint Yellen....Read More
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Serious 1st Mortgage Delinquency Up, Could Worsen
Sep 19th, 10:57am
Serious delinquency on first mortgages deteriorated last month, and the recent spate of natural disasters could make things worse. The Big Apple...
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Mortgage Applications Retreat From Holiday Week
Sep 19th, 10:57am
Mortgage applications slowed from the holiday week, though activity improved when seasonal factors are disregarded. Refinances slowed despite a...
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Fed economist: 'No evidence that QE works' as central bank starts unwinding program
Sep 19th, 9:40am
The Fed is reversing the most ambitious monetary stimulus program in history amid questions over how much it delivered....Read More
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Additional guidance from HUD/Freddie/Fannie/Ginnie/VA on mortgage-related disaster relief for hurric
Sep 19th, 9:21am
In addition to the guidance regarding Hurricane Harvey disaster relief, the housing agencies and government-sponsored enterprises (GSEs) recently...
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Building Permits Regain Footing, Housing Starts Still Struggling
Sep 19th, 9:03am
Residential construction outcomes in August were mixed, with permitting enjoying a strong comeback after more than a 4 percent downturn in July,...
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U.S. housing starts fall for second straight month; outlook murky
Sep 19th, 8:55am
WASHINGTON (Reuters) - U.S. homebuilding fell for a second straight month in August as a rebound in the construction of single-family houses was...
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Severe labor shortage has Houston homeowners 'begging' for help
Sep 19th, 8:32am
One contractor laments that as their phone keeps ringing, "You have to tell them it will likely be a couple years."...Read More
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FHA, VA Updates; Ginnie Mae Overview
Sep 19th, 8:15am
Lender updates regarding Texas and Florida are quieting down slightly, so let's play some catch up on government programs. Ginnie Mae will...
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Fed Survey: 76% expect third rate hike in December
Sep 19th, 8:01am
CNBC's Steve Liesman breaks down the latest...
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Housing Starts decreased to 1.180 Million Annual Rate in August
Sep 19th, 8:00am
From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately-owned housing starts in August were at a seasonally adjusted...
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MBS Day Ahead: Pirate Talk Could Be Our Best Option
Sep 19th, 7:54am
Posted To: MBS CommentaryAhoy ye salty dogs sailing the high seas of the mortgage world. Another year has come and gone without any grand...
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Yellen Sees QE as a Tool of the Future But Her Successor May Not
Sep 19th, 7:22am
Bloomberg Yellen Sees QE as a Tool of the Future But Her Successor May Not Bloomberg A decade after the financial crisis first flickered, the U.S....
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Fannie Mae Announces Enhanced Hybrid Adjustable-Rate ...
Sep 19th, 7:21am
News Release. Share This: September 18, 2017. Fannie Mae Announces Enhanced Hybrid Adjustable-Rate Mortgage for ......Read More
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CORELOGIC REPORTS A 16.9 PERCENT YEAR-OVER-YEAR INCREASE IN MORTGAGE FRAUD RISK IN THE SECOND QUARTE
Sep 19th, 7:20am
New York Overtakes Florida as the State with the Highest Overall Fraud Risk Florida Dropped to Number 3 State Rank Because of 3 Percent Decrease...
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Equifax admits it was hit with second hack
Sep 19th, 7:19am
Equifax acknowledged that it faced what it is...
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Fed kicks off two-day policy meeting
Sep 19th, 7:18am
Bruce Kasman, chief economist at JPMorgan Chase,...
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FHA is Best Growth Potential for Default Servicers
Sep 18th, 6:25pm
For default mortgage servicers, loans insured by the Federal Housing Administration offer the best potential for portfolio growth during the next...
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RMBS Issuance Likely to Climb Despite Rising Rates
Sep 18th, 5:19pm
Although an expected increase in interest rates is likely to put a dent in annual mortgage originations, issuance of residential mortgage-backed...
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Non-Banks Grab Mortgage Market Share from Banks
Sep 18th, 4:51pm
Over the past year, the nation's banks have given up mortgage market share to non-bank home lenders. Credit union share also widened.During the...
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MBS RECAP: Weaker Start With No Major Scapegoats
Sep 18th, 3:49pm
Bonds got off to a weaker start on this Fed week, and there weren't any convenient scapegoats in sight. That said, there were a few...
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State Licensed Loan Originators at Record High
Sep 18th, 3:12pm
The quarterly number of registered mortgage loan originators expanded on a year-over-year basis, with the state-licensed count reaching the...
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Commentary: Why interest rates now matter even more than you think
Sep 18th, 2:55pm
Changes in consumer behavior have made short-term rates critical to the overall economy....Read More
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Hey Fed boss Janet Yellen, inflation is still low and stocks are soaring. What say you?
Sep 18th, 2:55pm
Federal Reserve Chairwoman Janet Yellen has some explaining to do: Inflation is still quite tame despite very low unemployment and stocks keep...
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Homes Built to Stricter Standards Fared Better in Storm
Sep 18th, 1:39pm
Florida owners benefit from homes built to more-stringent codes: "Tree branches bounced off of our roof. But the house is fine." The post Homes...
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HUD Announces Disaster Assistance for Georgia Storm Victims
Sep 18th, 1:37pm
WASHINGTON - U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the State of Georgia and provide...
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Traders are getting ready for another Fed hike
Sep 18th, 12:27pm
The chances of an interest rate hike announcement in December have increased in recent days, according to a new report....Read More
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DoJ investigating Equifax in criminal probe: Report
Sep 18th, 11:52am
CNBC's Aditi Roy reports the latest on the...
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Jim Paulsen: Market will continue going higher if we don't get inflation, interest rate pressur
Sep 18th, 11:40am
Discussing the current state of the rally with Jim...
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Hurricanes Hurt Builder Confidence
Sep 18th, 11:31am
Concern about fallout from the recent hurricanes had the nation's single-family home builders giving back all the confidence they gained last...
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Student Debt Undermining Millennial Homeownership
Sep 18th, 11:21am
Posted To: MND NewsWireA new study is providing more evidence that student debt is disrupting the lifecycle of the housing market. The survey,...
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Trump's opportunity to reshape the Fed: Morgan Stanley's Ruchir Sharma
Sep 18th, 10:48am
Ruchir Sharma, Morgan Stanley chief global...
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Ballard attorneys author article on CFPB arbitration rule
Sep 18th, 10:06am
The CFPB’s final arbitration rule was the subject of an article by Ballard Spahr partners Alan Kaplinsky and Mark Levin recently...
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Builder Confidence Loses August Momentum
Sep 18th, 9:36am
Hurricanes Harvey and Irma, which ravaged Texas and Florida respectively, are taking at least some of the blame for diminishing builder confidence...
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Student Debt Delaying Millennial Homeownership by 7 Years
Sep 18th, 9:15am
WASHINGTON (September 18, 2017) – Despite being in the prime years to buy their first home, an overwhelming majority of millennials with...
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New York governor says Equifax, other credit reporting companies must register with state
Sep 18th, 9:04am
WASHINGTON (Reuters) - New York Governor Andrew Cuomo said in a statement on Monday that all credit reporting agencies must register with the...
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Hurricanes hit homebuilder confidence hard in September
Sep 18th, 9:02am
There was already a labor shortage in the construction industry, and two severely damaging hurricanes only made matters worse....Read More
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Global monetary policy on the move this week: Here's what to watch
Sep 18th, 8:36am
CNBC's Steve Liesman provides a preview of the...
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The Fed is about to take a historic step, but here's what the markets care about more
Sep 18th, 8:36am
The Fed meets in the week ahead, and it is expected...
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Irma Triples Harvey's Threat to Mortgage Lenders
Sep 18th, 8:29am
In the literal wake of a second major hurricane in as many weeks, Black Knight Financial Services is again warning of some potentially disastrous...
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Latest Disaster Lender Updates; Morgan Stanley to Originate
Sep 18th, 8:23am
Saturday's commentary contained a letter from a reader saying, "Dodd Frank may have added more systematic risk than anyone had previously...
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MBS Day Ahead: Fed in Focus Despite Predictable Outcome
Sep 18th, 8:04am
Wednesday's Fed Announcement is one of the best-telegraphed in Fed history. Multiple speakers--including Yellen herself--have all but...
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Housing Market Evolves as Fewer Families Have Children
Sep 18th, 7:16am
The continued downward trend of fewer children, smaller families, and delayed marriages in the United States is accompanied by a growing demand...
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In shedding bonds, Fed aims for boring end to crisis-era measures
Sep 18th, 7:15am
NEW YORK/SAN FRANCISCO (Reuters) - The U.S. Federal Reserve is set on Wednesday to announce the start of a plan to trim its $4.5-trillion (3.31...
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Mortgage Biz Up, ARM Share Widest in 20 Months
Sep 15th, 5:56pm
Driven primarily by refinances, weekly new mortgage business moved up from the holiday week. The share of adjustable-rate mortgage activity...
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MBS RECAP: Bonds Tune Out Competing Voices to End Flat
Sep 15th, 4:09pm
Between the overnight session and domestic trading hours, the following voices tried to get inside the head of bond markets: A North Korean...
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Mortgage Rates Stabilize Ahead of Next Week's Big Fed Announcement
Sep 15th, 3:41pm
Mortgage rateswere steady to slightly loweron average today, confirming the end of a somewhat abrupt correction from last week's 2017...
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Unusual procedural development in CFPB/NY AG lawsuit against RD Legal Funding
Sep 15th, 3:22pm
In an unusual procedural move last week in the RD Legal Funding case about which we have previously blogged, SDNY Judge Loretta Preska (the judge...
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AVMs, Appraisal Tools Among New Valuation Offerings
Sep 15th, 3:22pm
Several new appraisal products include an automated valuation model, an appraisal ordering tool and a service that compares multiple...
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Amazon is skewing the whole country's retail sales data and likely behind last month's dro
Sep 15th, 3:21pm
Economists are surmising that Amazon had a role in...
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Kudlow: Chances for significant tax cuts have 'risen sharply'
Sep 15th, 3:02pm
Trump's latest shrewd political moves have increased chances that tax reform will get done in the next 10 weeks, says Larry Kudlow....Read More
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UK Yields Jump as Investors See Two BOE Rate Increases
Sep 15th, 2:55pm
Bloomberg UK Yields Jump as Investors See Two BOE Rate Increases Bloomberg Yields on the U.K. government's two-year debt climbed to levels...
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Morgan Stanley to handle mortgage originations in home-loan push: sources
Sep 15th, 2:19pm
(Reuters) - Morgan Stanley plans to bring its mortgage origination business in-house to improve customer service and generate more business, two...
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Cash demand doubled for Fed in hurricane-hit Florida
Sep 15th, 2:16pm
(Reuters) - U.S. lenders in the path of Hurricane Irma scrambled to acquire twice as much cash as usual last week, a surge that left two Federal...
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These charts show recession odds may be higher than you think
Sep 15th, 1:56pm
Two important forward-looking measures are signaling not just a slowdown but a very strong possibility of recession in 2018...Read More
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Freddie Eases Appraisal, Condo & Jumbo Policies
Sep 15th, 1:31pm
Changes being made by the Federal Home Loan Mortgage Corp. relax requirements for appraisals, condominiums and jumbo mortgages. Also impacted are...
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Why the Equifax Breach Might Make It Harder to Buy a Home—and What You Can Do
Sep 15th, 1:23pm
The Equifax data breach could have long-term repercussions for those trying to open up a credit card, pass a security check for a new job-or get a...
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Compliance Expertise Is In High Demand
Sep 15th, 12:57pm
Compliance experts are being sought out. For example, for over 35 years, Dallas-based MRG, a mortgage banking compliance organization, has...
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Economists slash GDP estimates after weak sales hit even before storms
Sep 15th, 12:53pm
Taking out the red pen as weak retail sales and industrial production numbers point to lower than expected 3Q growth...Read More
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StreamLoan Integrates Mobile-First Digital Application With LOS
Sep 15th, 12:47pm
LendingQB (LQB), a provider of lean lending loan origination software in collaboration with San Francisco-based StreamLoan, the mobile-first...
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Concern About Hurricane Fallout Dents US Consumer Sentiment
Sep 15th, 12:42pm
Bloomberg Concern About Hurricane Fallout Dents US Consumer Sentiment Bloomberg U.S. consumer sentiment dipped in September as Americans expressed...
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Employers stepped up hiring in 6 US states last month
Sep 15th, 12:34pm
Georgia added the most jobs, with 19,800, followed by Maryland with 14,200 and Massachusetts with 10,800....Read More
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Rising credit card delinquencies to add to U.S. banks' worries
Sep 15th, 12:23pm
(Reuters) - U.S. banks, already under pressure from slower loan growth and low interest rates, could be facing yet another challenge as a rising...
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Next week's Fed meeting will be all about the 'dots'
Sep 15th, 12:16pm
At next week's Fed meeting, one factor could stand out: The dot plot of members' expectations for interest rates....Read More
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Q3 GDP Forecasts: Moving Down
Sep 15th, 11:30am
From Merrill Lynch: The data [today] sliced 0.8pp from 3Q GDP tracking, down to 1.7% . emphasis added From the Altanta Fed: GDPNow The GDPNow...
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10 years after the Great Recession, why aren't more Americans working?
Sep 15th, 11:26am
10 years after the Great Recession, new research from the Hamilton Project at Brookings scholars Jay Shambaughand Ryan Nunn demonstrates that...
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Former NSA senior counsel: Need to focus on bad consequences of a breach like Equifax
Sep 15th, 11:12am
Discussing the regulatory need for consumer...
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Housing Ends Summer Strong; Only Slight Inventory Relief
Sep 15th, 10:37am
DENVER, Sept. 15, 2017 /PRNewswire/ -- U.S. home sales in August extended a summer of strong demand and weak inventory that once again resulted in...
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Senator Warren's Numbers Don't Add Up
Sep 15th, 10:18am
In a press release issued earlier this week, Senator Elizabeth Warren argued that the CFPB's arbitration rule should not be repealed under the...
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CFPB - "Regulation by Enforcement," or Business as Usual?
Sep 15th, 10:11am
Posted To: MND NewsWireThe Consumer Financial Protection Agency (CFPB) does not provide guidance to the financial institutions it regulates....
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BLS: Unemployment Rates Unchanged in 41 states in August, Tennessee at New Series Low
Sep 15th, 9:42am
From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were higher in August in 8 states, lower in 1 state, and...
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Fannie Mae Nudges Up 2017, 2018 Refinance Outlook
Sep 15th, 9:39am
Fannie Mae has made a modest upward adjustment in its forecast for industry-wide refinance originations this year and next year.The secondary...
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Inflation Accelerated in August
Sep 15th, 9:34am
The Bureau of Labor Statistics (BLS) reported that its seasonally adjusted Consumer Price Index – Urban Consumer (CPI) rose by 0.4 percent over...
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Texas and Florida hurt by the economic body blow from hurricanes Harvey and Irma
Sep 15th, 9:13am
Hurricanes Harvey and Irma may have done damage to the competitiveness of two of the most economically important states....Read More
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Consumer sentiment hits 95.3 in September vs. 95.1 estimate
Sep 15th, 9:07am
The consumer sentiment index, a survey of consumers by The University of Michigan, was expected decline to 95.1 in September....Read More
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Business inventories rise modestly as retail stocks fall
Sep 15th, 9:07am
U.S. business inventories were expected to continue to grow in July....Read More
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August industrial production down 0.9% vs. up 0.1% est.
Sep 15th, 9:01am
The "Squawk on the Street" news team...
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August retail sales down 0.2% vs. up 0.2 est.
Sep 15th, 8:34am
Jim Iuorio, TJM Institutional Services breaks down...
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Industrial Production Decreased 0.9% in August
Sep 15th, 8:29am
From the Fed: Industrial production and Capacity Utilization Industrial production declined 0.9 percent in August following six...
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Wealth of Training and Webinar Events; Austria's 100-year Bond
Sep 15th, 8:25am
Posted To: Pipeline PressFlorida is sometimes called, “God’s waiting room.” The area, tragically, has seen its share of...
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MBS Day Ahead: What's All This Then?!
Sep 15th, 8:13am
Posted To: MBS CommentaryGranted, the headline of today's commentary will be lost on those who aren't reasonably well-versed in Monty...
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How New Home Buyers Financed Their Homes in 2016
Sep 15th, 7:52am
NAHB analysis of the 2016 Census Bureau Survey of Construction (SOC) data shows that reliance on non-conventional forms of financing varied across...
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US retail sales unexpectedly fall in August
Sep 15th, 7:52am
U.S. retail sales unexpectedly fell in August as Hurricane Harvey likely depressed motor vehicle purchases, suggesting a moderation in consumer...
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Ginnie Tackling VA Churning by Some Lenders
Sep 14th, 5:56pm
Under pressure from a prominent lawmaker, the Government National Mortgage Association is taking action to address the churning of home loans to...
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Mortgage Rates Hold at 2017 Low But Likely to Rise
Sep 14th, 4:15pm
Long-term rates on single-family loans remained at a 10-month low this past week, and the outlook is for an increase during the upcoming week and...
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MBS RECAP: Bonds Close GREEN After 3 Rough Days
Sep 14th, 4:10pm
We've been steadfast in characterizing this week's sell-off as a "correction" to the strong rally that preceded it. One might have...
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Trump 'respects' Yellen but is still deciding her fate
Sep 14th, 3:33pm
Will Trump reappoint Yellen or won't he? It's a long-running parlor game....Read More
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Closing Bell Exchange: Market is 50-50 on December rate hike
Sep 14th, 3:01pm
Discussing the current state of the markets with...
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Fed to take historic leap into the unknown
Sep 14th, 2:29pm
The Federal Reserve is widely expected next week to announce it will begin to sell assets from its balance sheet, and where it will end up is...
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CA Lender Hires Billion Dollar Mortgage Originator
Sep 14th, 2:22pm
One of the nation's top-producing loan originators, who has generated more than $1 billion in production, has been hired by a firm based in the...
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Mortgage Rates at 3-Week Highs
Sep 14th, 1:51pm
Mortgage ratesmoved highertoday, despite resilience in underlying bond markets. If you were to ask bonds, they'd vote for rates...
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Goldman Raises Odds of Another Fed Rate Hike This Year
Sep 14th, 1:37pm
Goldman Sachs economists said the odds for a third rate hike this year rose to 60 percent from 55 percent, after a significant firming in core...
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Goldman raises odds of another Fed rate hike this year
Sep 14th, 1:35pm
Goldman Sachs economists say odds for another rate hike this year rose to 60 percent, after a significant firming in core inflation....Read More
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Freddie Mac Prices $110 Million Multifamily K-Deal, K-J16
Sep 14th, 1:32pm
Freddie Mac Prices $110 Million Multifamily K-Deal, K-J16...Read More
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Flippers Flounder but Fail to Flop
Sep 14th, 1:32pm
In 2nd-QTR, home flipping rate plateaus as average flipping returns decline for third consecutive quarter....Read More
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Fear of Whole Foods Disruption Seen as a Real Estate Opportunity
Sep 14th, 1:31pm
Bloomberg Fear of Whole Foods Disruption Seen as a Real Estate Opportunity Bloomberg Patient real estate investors stand to gain from the fears of...
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U.S. House passes $1.2 trillion measure to fund government
Sep 14th, 12:08pm
WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday passed a $1.2 trillion bill to fund most government activities in the fiscal...
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Equifax tumbles as FTC confirms investigation into breach
Sep 14th, 12:06pm
The FTC said it is investigating a breach...
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The Fed: Why the bond market isn't freaking out from the Fed's shift to quantitative tight
Sep 14th, 12:00pm
The bond market has shrugged off signals the Fed is about to start letting securities roll off its massive $4.5 trillion balance sheet but...
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House passes $1.2 trillion bill to fund government
Sep 14th, 11:39am
WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday passed a $1.2 trillion bill to fund most government activities in the fiscal...
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GSE Refis Sink to 27-Month Low, All-Time HARP Low
Sep 14th, 11:24am
The monthly number of government-sponsored enterprise mortgages refinanced tumbled to a two-year low. Government-supported refinances plunged to...
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Homeownership a Common Interest, Deserves Protection in Tax Reform Debate
Sep 14th, 11:22am
WASHINGTON (September 14, 2017) – Tax reform done right could yield savings and simplification that benefits average Americans, but...
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High home prices cause house flippers to pull back
Sep 14th, 10:25am
After two straight years of gains, the rate of home flipping flattened in the second quarter of this year....Read More
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Chance of December rate hike peeks above 50% for first time since July
Sep 14th, 9:57am
Traders on Thursday wagered a December rate hike was more likely than not for the first time since mid-July, ahead of a key Federal Reserve policy...
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Fixed mortgage rates halt their downward march
Sep 14th, 9:44am
After falling for the past five weeks, the 30-year fixed-rate average held steady at 3.78 percent....Read More
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Aberdeen Bets Rise in US Bond Yields Not Over on Fed, Profits
Sep 14th, 9:06am
Bloomberg Aberdeen Bets Rise in US Bond Yields Not Over on Fed, Profits Bloomberg Aberdeen Standard Investments is wagering that the rebound in...
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The Fed: Case for Fed interest-rate hike in December helped by latest inflation data
Sep 14th, 8:47am
The case for a Federal Reserve rate hike in December was helped by the firm consumer price print in August....Read More
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U.S. jobless claims fall, but impacted by Harvey and Irma
Sep 14th, 8:33am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, but the data was impacted by...
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August CPI rises 0.4% as weekly jobless claims fall to 284,000
Sep 14th, 8:30am
CNBC's Becky Quick breaks down the weekly...
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Jumbo Product, Lender Tax Credits; Disaster Updates
Sep 14th, 8:21am
Disaster-related news continues to be front-and-center for obvious reasons. HUDannounced it will speed federal disaster assistance to...
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We're pricing in 46% chance Fed tightens this year: TJM's Jim Iuorio
Sep 14th, 8:08am
Jim Iuorio, TJM Institutional Services, provides...
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Weekly Initial Unemployment Claims decrease to 284,000
Sep 14th, 7:41am
The DOL reported : In the week ending September 9, the advance figure for seasonally adjusted initial claims was 284,000 , a decrease of 14,000...
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U.S. consumer prices accelerate in August
Sep 14th, 7:41am
WASHINGTON (Reuters) - U.S. consumer prices accelerated in August amid a jump in the cost of gasoline and rents, signs of firming inflation that...
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Home Prices Surged 7.7 Percent in August as Inventory Fell 12.4 Percent
Sep 14th, 7:30am
Home sales in August fell 5.5 percent compared to last year, the largest decline posted since July 2016. The post Home Prices Surged 7.7 Percent...
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Bank of England warns it may raise interest rates in 'coming months'
Sep 14th, 7:28am
Bank of England warns it may raise interest rates in 'coming months'...Read More
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MBS Day Ahead: Time for CPI
Sep 14th, 7:28am
Yesterday morning's chart is just as germane for today, perhaps more so. It shows how bonds have reacted to CPI data over the past few...
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HUD Announces Disaster Assistance for Florida Storm Victims
Sep 14th, 7:28am
WASHINGTON - U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the State of Florida and provide...
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M.I. Firms Integrate With LOS
Sep 13th, 5:12pm
Two mortgage insurance companies have integrated with two loan origination systems, while a correspondent aggregator implemented an LOS....
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MBS RECAP: Trend Remains Unfriendly; Highest Yields in 3 Weeks
Sep 13th, 3:15pm
Posted To: MBS CommentaryTreasury yields hit their highest levels in exactly 3 weeks today with little apparent motivation. Indeed, volumes...
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Refinance Outlook Raised by Mortgage Bankers
Sep 13th, 2:59pm
The forecast for refinance production during the second half of this year has been increased by mortgage banking economists. But expected...
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Harvey mortgage impact could be four times worse than predicted
Sep 13th, 2:31pm
CNBC's Diana Olick reports on the impact of...
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A 15 percent corporate tax rate is 'realistic,' says White House budget director
Sep 13th, 2:26pm
The Trump administration is pushing for a 15 percent corporate tax rate, White House's budget director Mick Mulvaney said....Read More
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Agencies Propose Amending CRA Regulations
Sep 13th, 2:25pm
Joint Release September 13, 2017 Press Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of...
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Mortgage Rates Stabilize Despite More Bond Market Weakness
Sep 13th, 2:13pm
Mortgage ratesheld steadytoday, and were slightly lower in some cases. That's not entirely logical at first glance because the...
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Large Portfolio of Reperforming GSE Loans Sold
Sep 13th, 1:49pm
A winning bidder has been announced for an offering of more than $2 billion in reperforming government-sponsored enterprise mortgages.The...
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Equifax waives credit lock fees for consumers, amid criticism
Sep 13th, 1:00pm
The company will temporarily waive fees on credit monitoring and identity protection....Read More
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Over 60 Percent of Construction Firms Are Profitable Ventures
Sep 13th, 1:00pm
According to recently released data from the Annual Survey of Entrepreneurs (ASE), 61.3 percent of American construction firms are profitable...
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Harvey's Hit to Mortgages Could Be 4 Times Worse Than Predicted--Then There's Irma
Sep 13th, 12:58pm
Posted To: MND NewsWireAs homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages. New...
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Household Growth Slowed Significantly in 2017, though Not as Much as Raw Numbers Suggest
Sep 13th, 12:57pm
From housing economist Tom Lawler: CPS-Based Household Growth Slowed Significantly in 2017, though Not as Much as Raw Numbers Suggest The Census...
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Freddie Mac to Suspend All Evictions and Foreclosures in Hurricane Irma Major Disaster Areas
Sep 13th, 12:57pm
Freddie Mac to Suspend All Evictions and Foreclosures in Hurricane Irma Major Disaster Areas...Read More
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Santelli Exchange: Fed code red
Sep 13th, 11:55am
CNBC's Rick Santelli discusses the distortion...
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Market Extra: Why Harvey and Irma won't change the Fed's rate-raising timeline
Sep 13th, 11:23am
The recent storms that wrecked massive devastation in both Texas and Florida are widely expected to have major economic impacts on the U.S....
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Trump To Nominate Former FHA Chief to Post Again
Sep 13th, 11:20am
The former federal housing commissioner during the George W. Bush administration is being nominated for the same post again by the current...
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Harvey's hit to mortgages could be four times worse than predicted—and then there'
Sep 13th, 10:54am
At least 300,000 borrowers will become delinquent on their loans when banks initiate foreclosure proceedings after Hurricane Harvey....Read More
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Santelli Exchange: The secular downtrend in Treasury bond yields
Sep 13th, 10:52am
Hoisington Investment Management's Lacy Hunt...
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Wholesale Prices in U.S. Increase on Jump in Energy Costs
Sep 13th, 10:42am
Rising U.S. wholesale prices in August reflect the biggest jump in energy costs since January, while underlying inflation remained contained, a...
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Mortgage Apps Jump, Refi Share Widest in 8 Months
Sep 13th, 10:03am
After factoring in the Labor Day holiday, the volume of new home loan applications jumped last week. Refinance share, meanwhile, widened to the...
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Crude oil inventories up 5.9 million barrels
Sep 13th, 10:01am
CNBC's Dominic Chu reports the latest crude oil...
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Mortgage Delinquencies Remain Low in June
Sep 13th, 9:13am
Posted To: MND NewsWireCoreLogic reported on Tuesday that the national mortgage delinquency rate in June was again the lowest in nearly a decade ....
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Merrill: The Impact of Harvey on August Retail Sales
Sep 13th, 9:04am
A few excerpts from a note by Merrill Lynch economists: A net drag from Harvey in August Retail sales ex-autos, as measured by BAC aggregated...
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August PPI up 0.2% vs. up 0.3% est.
Sep 13th, 8:26am
CNBC's Rick Santelli breaks down the latest...
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MLO Comp Survey Results; ARM News/Price Changes - A New "Adjustable" Loan?
Sep 13th, 8:25am
I do my share of traveling (California Monday, Ohio yesterday, Tennessee today & tomorrow) and see how the residential lending environment...
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Surging gasoline prices lift U.S. producer inflation in August
Sep 13th, 7:56am
WASHINGTON (Reuters) - U.S. producer prices rebounded in August, driven by a surge in the cost of gasoline, and there were also signs of a pickup...
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MBS Day Ahead: This Isn't The Inflation Data You're Looking For
Sep 13th, 7:53am
Posted To: MBS CommentaryToday's only relevant economic data is the Producer Price Index (PPI)--an inflation metric at the wholesale level....
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FEMA: 25% of homes in Keys destroyed by Irma
Sep 13th, 7:27am
CNBC's Contessa Brewer reports on the major...
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Treasurys tread water ahead of inflation report
Sep 13th, 7:26am
U.S. Treasurys stabilize, with yields little changed, on Wednesday as traders appear reluctant to make significant moves ahead of report on...
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You Can Afford That Apartment (According to This Chart)
Sep 13th, 7:26am
Bloomberg You Can Afford That Apartment (According to This Chart) Bloomberg For many market-rate renters, incomes appear to be keeping up. But are...
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Who Can Fill Huge Shoes At SoFi As CEO Mike Cagney Steps Down?
Sep 13th, 7:24am
Fintech golden child SoFi is special because Cagney is a quadruple threat with banking, investing, lending, technology expertise. How do you...
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Mortgage Applications Jump Nearly 10%
Sep 13th, 7:18am
Homebuyers are clamoring to capitalize on the lowest interest rates in almost a year, driving total mortgage application volume 9.9 percent higher...
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Mortgage Hirings Slow, But Continue
Sep 12th, 5:21pm
Although mortgage-related hirings have been recently declining, several thousand veterans have been hired by a bank, and one firm is adding a...
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MBS RECAP: Slightly Less Pain For Bonds, But More Confirmation of Reversal
Sep 12th, 3:42pm
Posted To: MBS CommentaryToday could be viewed at least 2 ways if you're a fan of low rates. On one hand, you might despair to see that rates...
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Worst 2 Days For Rates Since June
Sep 12th, 3:10pm
Mortgage ratescontinued higherat a reasonably abrupt pace today as last week's themes have been completely reversed. What themes...
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Falling interest rates: cause for concern?
Sep 12th, 2:13pm
The Halftime Report traders discuss the fall in...
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Home Value Index Growth Slows in August
Sep 12th, 2:01pm
Gap between appraised value and home owner expectations closes a bit....Read More
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Guaranteed Rate Adding 100 California Jobs
Sep 12th, 1:20pm
Following a successful recruiting campaign in its home town, Guaranteed Ratewill run the same campaign in Southern California. No experience...
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House Prices to Median Household Income
Sep 12th, 12:38pm
The Census Bureau released the Income, Poverty and Health Insurance Coverage in the United States: 2016 this morning. The report showed a...
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In Harvey's Wake, Houston Rethinks Real Estate Development
Sep 12th, 12:28pm
After Hurricane Harvey caused roughly $180 billion in damage, a battle is shaping up over how best to oversee real-estate development in Houston....
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Florida has 828,000 mobile homes. Only half are insured.
Sep 12th, 11:13am
Florida has 828,000 mobile homes. Only half are...
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Serious Mortgage Delinquency, Foreclosures Stay Low
Sep 12th, 11:01am
The rate of serious mortgage delinquency continued to hover around the lowest level in a decade. It was the same story for the nation's...
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Equifax: Turning a Crisis into an Opportunity
Sep 12th, 10:21am
Posted To: MND NewsWireIf anything could be worse than half of the adults in the country having their personal and credit information hacked and...
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Freddie Mac Unveils its HARP Replacement Loan
Sep 12th, 10:21am
Posted To: MND NewsWireLast year Freddie Mac and Fannie Mae announced that their implementation of the Home Affordable Refinance Program (HARP)...
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Former FEMA director: We have to look at changes to building codes
Sep 12th, 10:10am
Former FEMA Director David Paulison discusses the...
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Trader Sued Over Decade-Old Subprime RMBS
Sep 12th, 9:46am
The former chief of subprime trading at Deutsche Bank has been sued by the government for allegedly misleading investors about the quality of...
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Construction Job Openings Rise During Summer
Sep 12th, 9:42am
The count of unfilled jobs in the construction sector continued to rise in July, following an increase in June and a soft month in May. Given...
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US job openings increase slightly in July to 6.17 million
Sep 12th, 9:18am
Monthly job openings increased in July from June, the Bureau of Labor Statistics announced Tuesday....Read More
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Mnuchin: Yellen being considered for Fed chair, but so are 'a lot of great people'
Sep 12th, 9:18am
Treasury Secretary Steven Mnuchin said Janet Yellen is being considered to remain Fed chair, but there are other candidates....Read More
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Quicken Loans Study Shows Consumers Continue to Be Too Optimistic with Anticipated Home Value
Sep 12th, 9:14am
DETROIT, Sept. 12, 2017 /PRNewswire/ -- Appraisals continued to lag homeowner expectations in August, although the difference between appraiser...
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NFIB: Small Business Optimism Index increased slightly in August
Sep 12th, 8:38am
From the National Federation of Independent Business (NFIB): August 2017 Report:Small Business Optimism Holds its...
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Senate Finance Committee questions Equifax
Sep 12th, 8:30am
Equifax said last week it discovered a breach that...
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Treasury Secretary Steve Mnuchin: We are super-focused on tax reform
Sep 12th, 8:30am
The Treasury's Steven Mnuchin talks about tax...
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Lenders Adjust to Disaster Areas; Lenda's Capital Raise
Sep 12th, 8:28am
Lender and Investor Disaster Updates Conditions are subject to change; check with investors if you have questions. NewLeafhas temporarily...
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LenderLive Names Bill Maw As Chief Financial Officer
Sep 12th, 8:21am
LenderLive Holdings, Inc., a mortgage services provider, announced today that Bill Maw has joined the company as its Chief Financial Officer....
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MBS Day Ahead: Bonds Threaten to Confirm Big Bounce
Sep 12th, 7:53am
Yesterday was the warning shot and today could see confirmation that bonds are indeed bouncing. Actually, it's probably more...
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Treasury selling pressure pushes 10-year yield to 2.15%
Sep 12th, 7:26am
U.S. Treasurys saw additional selling on Tuesday, pushing yields higher, with the 10-year Treasury yield attempting to retake its levels at the...
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Houston's Unsinkable Housing Market Undaunted by Storm
Sep 12th, 7:26am
Most buyers are keeping deals on track, builders are expected to barrel ahead, and owners of elevated homes may find their properties more...
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Americans' Borrowing Hits Another Record. Time To Worry?
Sep 12th, 7:26am
Americans owe more than ever before, with household debt hitting nearly $13 trillion. Some economists say the lessons of the credit bubble that...
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Lenders, investors breathe easier as U.S. hurricane waters recede
Sep 12th, 7:26am
NEW YORK (Reuters) - Financial institutions with exposure to U.S. properties hit by Hurricanes Harvey and Irma are tempering their loss estimates,...
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CoreLogic Reports Mortgage Delinquencies Remain Low in June
Sep 12th, 7:25am
—Foreclosure Inventory Rate and Serious Delinquency Rate Lowest in Nearly a Decade— Overall Mortgage Delinquency Rate Fell 0.8...
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Womens' Conference Among Dozens of Mortgage Events
Sep 11th, 5:37pm
Among dozens of upcoming events is an inaugural technology conference for women in the mortgage industry. Las Vegas is the location of a...
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GSEs Offer High LTV Refinance Option
Sep 11th, 4:37pm
A new refinance program has the government-sponsored housing enterprises refinancing real estate loans regardless of the loan-to-value...
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MBS RECAP: Risk Rally Begins to Unravel
Sep 11th, 4:22pm
Posted To: MBS CommentaryWe'd been in the throes of a risk-related rally for several weeks that crescendoed last week on a combination of...
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Mortgage Rates Jolted Higher, Relatively
Sep 11th, 4:22pm
Posted To: Mortgage Rate WatchMortgage rates finally had a bad day , but everything's relative. This sort of bad day leaves the average lender...
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Lawsuits against Equifax pile up
Sep 11th, 3:53pm
(Reuters) - More than two dozen lawsuits have been filed in the United States against Equifax Inc after the credit reporting company said thieves...
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Upcoming programs on CFPB Arbitration Rule
Sep 11th, 3:52pm
In July, the CFPB issued its Final Arbitration Rule on the use of arbitration provisions in consumer financial services products and services.  I...
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Reverse Mortgage Servicing Layoffs at Wells Fargo
Sep 11th, 2:55pm
The sale of servicing rights on reverse mortgages by Wells Fargo & Co. has resulted in a staff reduction of more than a hundred positions.Last...
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Interest rates will be higher at some point: Ron Weiner
Sep 11th, 2:32pm
Ron Weiner, RDM Financial Group at High Tower and...
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Fed is following a playbook written during World War II
Sep 11th, 2:24pm
The Fed is trying to shrink its balance sheet and following lessons learned after the world's gold supply was sent to the U.S. to escape the...
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Habitat Hammers Back
Sep 11th, 2:22pm
Companies pledge contribute $1 million or more to aid in restoration efforts....Read More
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Equifax tumbles nearly 8% as investors keep bailing after data breach
Sep 11th, 2:21pm
Monday's decline adds to the 13 percent drop last week after the credit reporting company disclosed a massive data breach...Read More
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Leading Index for Commercial Real Estate "Slips" in August
Sep 11th, 2:20pm
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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S&P 500 surges toward record high as fear fades
Sep 11th, 2:20pm
(Reuters) - The S&P 500 surged toward a record high on Monday with its strongest one-day performance since April after tropical storm Irma did...
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Home Purchase Lending Up Despite Decline in Units
Sep 11th, 2:18pm
Although the dollar volume of quarterly purchase-money production has recently risen, the number of loans closed has fallen thanks to the lack of...
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Freddie Mac Prices $487 Million K-Deal, K-W03, Supporting Affordable Multifamily Housing for Low- an
Sep 11th, 1:53pm
Freddie Mac Prices $487 Million K-Deal, K-W03, Supporting Affordable Multifamily Housing for Low- and Moderate-Income Working Families Read More
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Mortgage Bankers Relax Credit 3rd Month in Row
Sep 11th, 1:08pm
For the third month in a row, home lenders have been more aggressive about which loan applicants they will approve. Conforming credit eased the...
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Inside Home Depot's disaster command center
Sep 11th, 12:43pm
CNBC's Diana Olick reports the latest from Home...
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Sources of Home Buyers and New Renters
Sep 11th, 12:37pm
According to NAHB's latest special study, households who recently changed addresses fall into a natural order:  1) Buyers of Newer Homes, 2)...
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Santelli Exchange: Bond auctions may hold directional clues for rates
Sep 11th, 11:31am
CNBC’s Rick Santelli breaks down the U.S....
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Harvey and Irma economic hit could total $200 billion: Moody's
Sep 11th, 11:01am
The combined destruction of property from Hurricanes Irma and Harvey could range from $150 to $200 billion, according to a preliminary estimate...
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Navigating insurance claims, post Hurricane Irma
Sep 11th, 10:39am
Filing an insurance claim likely won't take priority for Floridians. Here's how to handle the process, when you're ready....Read More
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Yr-Over-Yr Drop in Weekly Mortgage Market Index
Sep 11th, 10:36am
The holiday week took a toll on new mortgage business, with adjustable-rate mortgage activity erasing prior-week gains. Jumbobusiness was...
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Cashin: Fed is on hold for rates this year
Sep 11th, 9:59am
Art Cashin, UBS director of floor services, talks...
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JPMorgan: Irma will still be one of the 5 most costly hurricanes ever
Sep 11th, 9:13am
JPMorgan tells its clients Hurricane Irma's insured losses will still rank among the costliest in history....Read More
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Harvey Loan Losses Could Top Katrina's
Sep 11th, 8:56am
While Irma is battering the Florida coast and costing untold billions in damages, Black Knight Financial Services released information about the...
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Bond Report: Treasury yields climb as hurricane, North Korea fears ease
Sep 11th, 8:56am
U.S. Treasury prices fall, pushing up yields, as investor appetite for haven assets declines as Hurricane Irma hits Florida with less force than...
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Irma downgraded but there's still significant damage and danger: Belfor Holdings CEO
Sep 11th, 8:33am
Sheldon Yellen, Belfor Holdings CEO, talks about...
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Warehouse Advice for Loans in Disaster Areas; Market Exec on Borrower Expectations
Sep 11th, 8:29am
Builder chatter? Builders in Texas, Louisiana, and Florida now have a choice: build new homes or help repair existing stock. Labor will be in...
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MBS Day Ahead: Limited Data at First, Then Big Finish on CPI
Sep 11th, 7:50am
Bond markets are beginning the week in a defensive stance after insurance analysts report expected Irma-related losses to be lower than...
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Fed may even lower rates after massive storms: Hilltop Securities' Mark Grant
Sep 11th, 7:23am
Mark Grant, Hilltop Securities chief strategist,...
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Futures sharply higher as Irma and North Korea fears ease
Sep 11th, 7:23am
U.S. stock futures were higher Monday on Wall...
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Wall Street's 3% Yield Call Foiled Again as Bond Traders Eye 2%
Sep 11th, 7:22am
Bloomberg Wall Street's 3% Yield Call Foiled Again as Bond Traders Eye 2% Bloomberg Wall Street is falling further and further behind in...
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US Treasurys lower as investors look to bond auctions
Sep 11th, 7:20am
U.S. government debt prices were lower on Monday, as investors geared up for a number of auctions by the U.S. Treasury....Read More
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Millennial Household Facts
Sep 11th, 7:19am
This group may not head the most households, but they do lead in other categories....Read More
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Insurers ache for qualified inspectors after U.S. hurricanes
Sep 11th, 7:19am
(Reuters) - Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other,...
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MBS RECAP: More About Consolidating Gains Than New Weakness
Sep 8th, 4:26pm
With an absence of significant economic events and the storm of the century bearing down on the Southeast, trading activity was...
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Fed Order Against Caliber Home Loans Executive
Sep 8th, 4:25pm
The Federal Reserve Board has issued a prohibition order against a sales executive at Caliber Home Loans Inc. over his practices at another...
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FHA Suspends Multifamily Apps in Hurricane Region
Sep 8th, 3:58pm
Applications for multifamily mortgage insurance from the Federal Housing Administration have been suspended in counties that felt the fury of...
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More New 2017 Lows For Mortgage Rates
Sep 8th, 3:58pm
Posted To: Mortgage Rate WatchMortgage rates were slightly lower today, despite moderate weakness in underlying bond markets. This would typically...
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How Borrowers Can Mitigate Equifax Breach
Sep 8th, 3:50pm
Your current and prospective borrowers can take steps to mitigate the massive breach at Equifax Inc. of personal data on more than 140 million...
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3 Equifax Executives Sold Stock Days After Hack That Wasn't Disclosed For A Month
Sep 8th, 2:12pm
Equifax says the three executives, who sold nearly $2 million in stock, at the time didn't know of the breach, which exposed personal data of 143...
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Varied Backgrounds for New Mortgage Executives
Sep 8th, 1:45pm
Executives who recently found new homes at mortgage banking firms come from a variety of backgrounds including financial compliance, information...
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Equifax data breach: What you need to know
Sep 8th, 12:57pm
A huge security breach at credit reporting company Equifax has exposed sensitive information, such as Social Security numbers and addresses, of up...
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Class action lawsuit filed again Equifax for data breach
Sep 8th, 12:56pm
CNBC's Aditi Roy reports on a lawsuit being...
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Unusual options activity in Equifax
Sep 8th, 12:56pm
Jon and Pete Najarian take a look at Equifax's...
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Massive cyberattack puts millions of Equifax customers at risk
Sep 8th, 12:56pm
CNBC's Eamon Javers reports on Equifax's...
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House committee to hold hearing on Equifax data breach
Sep 8th, 12:55pm
The House Financial Services Committee will hold a hearing on the Equifax data breach that was disclosed on Thursday. Chairman Jeb Hensarling, a...
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Don't count Trump advisor Gary Cohn out just yet
Sep 8th, 12:55pm
Who are the Trump team members most likely to get voted off 'Trump Island?' Jake Novak has the odds....Read More
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A swath of newly built homes lay in Irma's path
Sep 8th, 11:55am
Will new South Florida building codes stand the...
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Senate Committee Approves Comptroller, Fed Official
Sep 8th, 11:36am
President Donald J. Trump's nominations for the Comptroller of the Currency and a Federal Reserve Board official have been approved by a key...
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Irma Could Cost $125 Billion in Damage in US
Sep 8th, 11:20am
Bloomberg Irma Could Cost $125 Billion in Damage in US Bloomberg Bloomberg Intelligence's Charles Graham takes a look at the potential...
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Hotel Occupancy and Hurricanes Harvey and Irma
Sep 8th, 11:05am
Note: Hotel occupancy rates increased noticeably following Hurricanes Katrina and Rita in 2005. I expect the overall occupancy rate will also...
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Delinquency Spike Possible from Hurricane Harvey
Sep 8th, 10:46am
As a result of Hurricane Harvey, hundreds of thousands of residential loans could become newly delinquent, with many becoming seriously...
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Quantitative Easing Did Affect Risk-Taking, Lending Standards
Sep 8th, 10:32am
In response to the 2007-2008 financial crisis and the ensuing Great Recession, some central banks, including the U.S. Federal Reserve, put some...
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Bond Report: 10-year Treasury yield hovers above key 2% level
Sep 8th, 10:02am
The 10-year Treasury yield is at the verge of breaking through a key level of 2%, which could trigger a further decline in yields, as uncertainty...
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NY Fed's Dudley: Expect balance sheet unwinding to happen very soon
Sep 8th, 9:54am
New York Federal Reserve President William Dudley...
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House has the votes to pass $15 billion storm relief package, debt-ceiling increase and government f
Sep 8th, 9:49am
House has the votes to pass $15 billion storm relief package, debt-ceiling increase and government...
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Wholesale inventories up 0.6% in July
Sep 8th, 9:37am
CNBC's Rick Santelli reports the latest read on...
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Fed's Dudley: Hurricanes will boost economic activity over the long run
Sep 8th, 9:20am
New York Fed President William Dudley told CNBC that hurricanes Harvey and Irma actually will lead to increased economic activity....Read More
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New Single-Family Housing Starts by Divisions in 2016 – Long Road Back to Normal
Sep 8th, 9:20am
NAHB analysis of the Survey of Construction (SOC) shows that, nationally, there were 779,082 new single-family units started in 2016, 10% higher...
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Wholesale inventories rise 0.6 percent in July, beating 0.4 percent forecast
Sep 8th, 9:09am
The Commerce Department reported an 0.6 percent increase in July's wholesale inventories on Friday....Read More
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Black Knight: Hurricane Harvey Could Result in 300,000 New Mortgage Delinquencies
Sep 8th, 8:50am
From Black Knight: Black Knight: Hurricane Harvey Could Result in 300,000 New Mortgage Delinquencies, with 160,000 Borrowers Becoming Seriously...
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How much impact will hurricanes have on the US job market?
Sep 8th, 8:47am
ZipRecruiter chief economist Cathy Barrera says the...
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NY Fed President William Dudley says it is appropriate to 'gradually' curb stimulus
Sep 8th, 8:37am
The Fed's Dudley cited "temporary" factors for weak prices and said "gradually" removing stimulus was...
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US Treasurys higher as investors await data, Fed speech
Sep 8th, 8:36am
U.S. government debt prices were higher on Friday, as investors geared up for more data releases, while awaiting a speech by a Federal Reserve...
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Bond Manager With $6.6 Billion Just Saw the Scariest Chart Ever
Sep 8th, 8:34am
Bloomberg Bond Manager With $6.6 Billion Just Saw the Scariest Chart Ever Bloomberg Morten Steinsland, head of fixed income at Alfred Berg in...
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Wells Fargo/Seneca Servicing Sale; Vendor News and Tech Survey
Sep 8th, 8:29am
A large earthquake in Mexico, damage in Southern Texas from Hurricane Harvey, and, although Irma has been downgraded, mandatory evacuations in the...
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MBS Day Ahead: How Long Can Bonds' Back-To-School Rally Continue?
Sep 8th, 8:22am
Bonds have been on a tear recently, easily breaking to the lowest yields of the year this week after some exploratory attempts last week....
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A Cybersecurity Breach at Equifax Left Pretty Much Everyone's Financial Data Vulnerable
Sep 8th, 7:27am
On Thursday, Equifax, one of three major credit reporting agencies, revealed that highly sensitive personal and financial information for around...
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The derby to see who is the next Fed chair just got a lot more interesting
Sep 8th, 7:25am
It seems fitting that the most likely person to be Fed chair is either Yellen or someone who is her ideological opposite....Read More
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How Harvey Will Affect Houston's Housing Market
Sep 8th, 7:24am
Bloomberg How Harvey Will Affect Houston's Housing Market Bloomberg Just a week after Hurricane Harvey struck Houston, Irma Jalifi was...
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Exclusive: ECB policymakers agreed on stimulus cut at meeting
Sep 8th, 7:21am
FRANKFURT (Reuters) - European Central Bank policymakers meeting on Thursday were in broad agreement that their next step will be reducing their...
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Long & Foster Sold To Warren Buffett's HomeSevices Of America
Sep 8th, 7:11am
HomeServices of America, a Berkshire Hathaway affiliate, said the acquisition includes Long & Foster's business lines in mortgage, settlement...
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Improvement in Mortgage Rates Could Continue
Sep 7th, 4:44pm
Fixed interest rates on residential loans improved over the past seven days, The odds over the next seven days are for further improvement.During...
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Berkshire Unit Acquires Former Employer of MBA CEO
Sep 7th, 3:57pm
An affiliate of Berkshire Hathaway is acquiring a real estate firm that was the former employer of the Mortgage Bankers Association's president...
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MBS RECAP: Bond Rally Steamrolls Naysayers With Help From Europe
Sep 7th, 3:31pm
2 months ago, today's European Central Bank announcement looked like it would be a big deal insofar as it would be the venue for the ECB's...
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Massive MSR Portfolio Trading Hands
Sep 7th, 2:54pm
Ownership of mortgage servicing rights on a large portfolio of government-sponsored enterprise single-family loans is trading hands.MSRs on...
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Senate passes bill for Harvey relief, debt ceiling
Sep 7th, 2:50pm
Sara Fagen, former White House political director,...
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Musical chairs for Fed nominees
Sep 7th, 2:50pm
CNBC's Steve Liesman reports the latest on the...
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Mortgage Rates Little-Changed at 2017 Lows
Sep 7th, 2:06pm
Mortgage ratesdidn't move muchtoday, despite plenty of strength in underlying bond markets. This would normally coincide with...
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Draghi Says Euro a Concern as ECB Targets October Decision on QE
Sep 7th, 1:35pm
Bloomberg Draghi Says Euro a Concern as ECB Targets October Decision on QE Bloomberg Mario Draghi said the European Central Bank is watching the...
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Trump, Schumer agree to pursue plan to repeal the debt ceiling
Sep 7th, 12:39pm
President Trump and Senate Minority Leader Charles E. Schumer (D-N.Y.) have agreed to pursue a deal that would permanently remove the requirement...
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Trump, Schumer to pursue debt ceiling repeal -Report
Sep 7th, 12:39pm
CNBC's Kayla Tausche reports on President Trump...
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Bull Run in Bonds Means Analysts Are Running Out of Trade Ideas
Sep 7th, 12:34pm
Bull Run in Bonds Means Analysts Are Running Out of Trade Ideas Bloomberg Years of record-breaking new issuance combined with risk premiums that...
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‘Hurricane Deductibles' Shift Home-Repair Costs to Consumers
Sep 7th, 12:34pm
Tens of thousands of homeowners hit by Hurricane Harvey may soon find out they are on the hook for extra payments under their insurance policies....
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Fannie Offers Assistance to Hurricane Victims
Sep 7th, 12:18pm
As hurricane Irma roars toward Florida, and the Houston area tries to dry out from hurricane Harvey, Fannie Mae is reminding those homeowners...
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Time to Build an Apartment Building in 2016
Sep 7th, 11:40am
The average length of time to complete construction of a multifamily building, after obtaining authorization, was 15 months according to the 2016...
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Fed's Mester: Don't wait for inflation to rise before hiking rates
Sep 7th, 11:26am
The Fed shouldn't wait until it reaches its economic goals before tightening monetary policy, Loretta Mester said....Read More
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More Homeowners Saying "Good Time to Sell"
Sep 7th, 11:12am
Posted To: MND NewsWireConsumer sentiment regarding whether it is a good time to buy or to sell a home continues to diverge as rising home prices...
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Economists back Yellen for second term at Fed and foresee December rate hike: WSJ
Sep 7th, 10:28am
A large majority of business and academic economists said Fed Chairwoman Janet Yellen should be reappointed to a second four-year term, according...
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Senate Banking approves Quarles to be nation's ‘top bank cop' at Fed
Sep 7th, 10:19am
The Senate Banking Committee on Thursday voted to approve Randal Quarles to be the Fed's first Vice Chairman for Bank Supervision....Read More
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Consumer Bankruptcies Jump, Though Yr-Over-Yr Dip
Sep 7th, 9:55am
A sharp increase over the preceding month was recorded for U.S. consumers who resorted to the bankruptcy courts. But filings eased somewhat from a...
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Popular financial ETF falls below 200-day moving average for first time in 14 months
Sep 7th, 9:54am
A popular way to wager on the financial sector Thursday morning dipped below a long-term trend line intraday for the first time in about 14...
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Why Hurricane Irma could hurt, a lot: Much lies in harm's way
Sep 7th, 9:30am
As Hurricane Irma approaches, Florida's newest and most valuable properties are especially vulnerable, N.Y. Times reports....Read More
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Treasury Secretary Steve Mnuchin: I'm comfortable with Democrat deal on debt ceiling and Harvey
Sep 7th, 8:54am
Mnuchin also tells Fox Business that President Trump has not made any decisions on appointments to the Fed....Read More
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Draghi: Still a need for substantial accommodation
Sep 7th, 8:38am
CNBC's Steve Liesman provides highlights from...
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Irma's Impact on Loan Funding; Lots of Disaster Updates
Sep 7th, 8:33am
Posted To: Pipeline PressAs fires, floods, and storms dominate the headlines, our attention now turns to Irma. With wind speeds of 185mph, it is...
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Hurricane Harvey boosts U.S. jobless claims to more than two-year high
Sep 7th, 8:29am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits jumped to its highest level in more than two years last week amid...
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Initial jobless claims up 62K to 298,000
Sep 7th, 8:07am
CNBC's Rick Santelli breaks down the latest...
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Treasury Secretary Munchin: Tax reform still 'viable' this year; comfortable debt ceiling
Sep 7th, 7:26am
Munchin also tells Fox Business that President Trump has not made any decisions on appointments to the Fed....Read More
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FEDS 2017-093: Did QE lead banks to relax their lending standards? Evidence from the Federal Reserve
Sep 7th, 7:25am
Robert Kurtzman , Stephan Luck, and Tom Zimmermann | Using confidential loan officer survey data on lending standards and internal risk ratings on...
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MBS Day Ahead: Draghi Set to Discuss Killer APP, But Markets Might Not Care
Sep 7th, 7:17am
Posted To: MBS CommentaryAsk me two months (or even a month ago) and I would have placed today above almost any other in terms of importance to...
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Non-QM Loans Pay Well, Though Higher Prepayments
Sep 6th, 4:59pm
The origination and securitization of loans that don't meet Qualified Mortgage requirements has been expanding, and performance is strong. But...
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MBS RECAP: Bonds Bounce as Debt Ceiling Issue Gains Traction
Sep 6th, 3:56pm
Posted To: MBS CommentaryBond markets began the day holding impressively sideways. Why impressive? Because there was a small laundry list of...
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Mortgage Rates Lower, but Under Some Pressure
Sep 6th, 3:55pm
Mortgage ratesmoved lowerthis morning, more by way of catching up with yesterday's market movement than anything. Specifically,...
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Buyers Sought for MSRs on $430 Mil in Agency Loans
Sep 6th, 3:51pm
Bids are being taken for mortgage-servicing rights on more than $400 million in agency home loans with a concentration in California.The offering...
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Freddie Mac Confirms Disaster Relief Policies as Hurricane Irma Approaches Puerto Rico, U.S. Virgin
Sep 6th, 3:00pm
Freddie Mac Confirms Disaster Relief Policies as Hurricane Irma Approaches Puerto Rico, U.S. Virgin Islands and U.S. Mainland...Read More
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Freddie Mac Confirms Disaster Relief Policies as Hurricane Irma Approaches Puerto Rico, U.S. Virgin
Sep 6th, 2:16pm
Freddie Mac Confirms Disaster Relief Policies as Hurricane Irma Approaches Puerto Rico, U.S. Virgin Islands and U.S. Mainland Read More
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Fed says economy expanded at modest rate, sees concerns about auto industry
Sep 6th, 1:39pm
The Federal Reserve released its new Beige Book, a roundup of anecdotes about the health of the U.S. economy....Read More
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More People Paying Mortgages on Time
Sep 6th, 1:39pm
Fewer borrowers are late making their house payments, which credits strong employment numbers and tougher lending standards for less...
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Time to Build a Single-Family Home in 2016
Sep 6th, 1:39pm
The 2016 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.5 months,...
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Trump ability to control Fed sped up by Fischer resignation
Sep 6th, 12:35pm
President Donald Trump will soon be able to appoint four or five members to the seven-seat Fed board of governors, effectively taking voting...
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House approves $8 billion in initial Hurricane Harvey relief
Sep 6th, 12:33pm
WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday approved roughly $8 billion in initial emergency aid for relief and...
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Teacher to Bernanke and Draghi, Fischer remembered as ‘giant' in
Sep 6th, 12:32pm
The Federal Reserve's Number Two submitted a resignation letter abruptly on Wednesday, adding another vacancy to an already stretched...
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Yields dip lower as investors weigh looming debt ceiling fight
Sep 6th, 11:56am
The “Fast Money Halftime Report” traders and...
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U.S. services sector growth accelerates; trade deficit edges up
Sep 6th, 11:24am
WASHINGTON (Reuters) - U.S. services sector activity accelerated in August amid strong gains in new orders and employment, suggesting that a...
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Class Action Costs Foreclosure Lawyer Over $1 Mil
Sep 6th, 11:13am
A class action lawsuit that was filed against a Florida foreclosure attorney has yielded more than $1 million for charities and former...
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Dollar falls after Fischer's resignation as traders fear losing a 'bedrock' member of
Sep 6th, 11:03am
The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Vice Chairman Stanley Fischer said he was resigning....Read...
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What investors should take away from Fischer stepping down from Fed
Sep 6th, 10:36am
Dan Morgan, Synovus Trust SVP and David Lebovitz,...
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Stock market holds steady after Stanley Fischer announces resignation from Fed
Sep 6th, 10:06am
U.S. stocks held on to slight gains Wednesday morning following news that Federal Reserve Vice Chairman Stanley Fischer planned to step down from...
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Lower mortgage rates push more borrowers to refinance, as Harvey mucks up the data
Sep 6th, 9:58am
Total mortgage application volume increased 3.3...
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CFPB publishes a financial toolkit for victims of Hurricane Harvey
Sep 6th, 9:48am
On September 5, the Consumer Financial Protection Bureau (CFPB) published a blog post regarding what to do in the event of a natural disaster like...
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Getting a Loan is Easier Thanks to Non-Bank Lenders
Sep 6th, 9:45am
Mortgage originations by nonbanks have not only surged past those coming from regulated banks, but according to the Urban Institute (UI), they are...
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Mortgage Apps Rise, Government Share Thins Again
Sep 6th, 9:34am
Mortgage applications increased, with refinance share at an eight-month high, purchases up 5 percent from a year ago and adjustable-rate share...
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Employment: Preliminary annual benchmark revision shows upward adjustment of 95,000 jobs
Sep 6th, 9:21am
The BLS released the preliminary annual benchmark revision showing 95,000 additional payroll jobs as of March 2017. The final revision will be...
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ISM Non-Manufacturing index 55.3 in August as expected
Sep 6th, 9:13am
Non-manufacturing economic activity was expected to increase to 55.3 in August, according to economists surveyed by Reuters....Read More
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Map shows that working-class Americans can't afford to live in most US cities
Sep 6th, 8:43am
"There are exactly zero affordable cities on the West Coast."...Read More
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JPMorgan: ECB vs the Fed
Sep 6th, 8:22am
David Lyon of JPMorgan discusses the difficult...
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Work crews race to rebuild Harvey hit homes
Sep 6th, 8:22am
CNBC's Morgan Brennan reports crews from all...
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North Korea and Rates; Lender Disaster Updates - What Can Borrowers Do?
Sep 6th, 8:20am
Posted To: Pipeline PressI receive my share of emails, and a portion of them ask me “in the weeds” questions about lenders, programs,...
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MBS Day Ahead: Assessing Bigger Picture, Shorter-Term Risks For Now
Sep 6th, 8:16am
Until the onset of brinksmanship with North Korea and the appearance of big, back-to-back Hurricanes, financial markets were more focused on...
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Refinancing Volume Picks Up as Rates Push 2017 Lows
Sep 6th, 7:14am
A resurgence in refinancing drove the volume of mortgage applications higher during the week ended September 1. The Mortgage...
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Why a massive surge in bond yields could be around the corner
Sep 6th, 7:08am
Bond yields are plumbing 2017 lows, but Larry McDonald of ACG Analytics says they're about to rise in a big way....Read More
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Draghi's Claim of QE Flexibility Is Attracting Doubters
Sep 6th, 7:07am
Draghi's Claim of QE Flexibility Is Attracting Doubters Bloomberg The European Central Bank may not have as much flexibility left in its...
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Mobile Apps for Appraisals, Credit, Originations
Sep 5th, 6:09pm
Mortgage service providers have launched or updated mobile applications to help with appraisals, credit reports and production. A pair of reports...
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Good Mortgage Terms for Credit-Stained Borrowers
Sep 5th, 4:57pm
The Federal National Mortgage Association is reminding its lenders that it can buy loans to consumers who have a previous bankruptcy or...
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MBS RECAP: Perfect Storm Results in Bond Market Snowball Rally
Sep 5th, 4:01pm
Posted To: MBS CommentaryBonds rallied significantly today on a confluence of news. Disparate events and headlines hit markets at just the right...
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Compliance Services for HMDA, ATR, Day 1 Certainty
Sep 5th, 3:16pm
New and upgraded offerings recently unveiled by service providers promise to help lenders comply with the Home Mortgage Disclosure Act, the...
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Mortgage Rates Back in Line With 2017 Lows
Sep 5th, 3:04pm
Mortgage ratesmoved lowertoday on a combination of factors. Chief among these were headlines over the weekend concerning more...
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Irma Tops Storm Scales as Florida Preps for Catastrophic System
Sep 5th, 2:52pm
Bloomberg Irma Tops Storm Scales as Florida Preps for Catastrophic System Bloomberg Irma has topped the scales that measure storm strength as the...
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U.S. Economic Confidence Surges, Then Declines, in August
Sep 5th, 1:12pm
Gallup's U.S. Economic Confidence Index averaged +6 during August, but confidence was weaker in the last half of the month than in the first...
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Fed's Kashkari says 'very possible' rate hikes doing 'real harm' to economy
Sep 5th, 1:12pm
Minneapolis Fed President Neel Kashkari said Tuesday it is very possible that the central bank's four interest-rate hikes since late 2015 could...
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The top 10 cities where it's easiest to rent an apartment
Sep 5th, 1:12pm
Approval ratings for renters are high, but so are the rents....Read More
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Stocks extend losses to the 10-Year yield
Sep 5th, 1:05pm
Paul Richards, Medley Global president, weighs in...
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Meet the new real estate cycle sector that plays offense and defense
Sep 5th, 11:55am
Real estate investment trusts that buy single-family houses for rent have the economic and market fundamentals that analysts prize...Read More
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Survivor Housing a Priority for the Federal and State Recovery Effort after Hurricane Harvey
Sep 5th, 11:55am
WASHINGTON - The federal government continues to focus on the lives and safety of those affected by Hurricane Harvey. While the coordinated...
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There's a huge investment opportunity in the smart home, Barclays says
Sep 5th, 11:55am
Barclays says the connected home ecosystem, and the companies working to create it, might represent one of the "most significant investment"...
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Home improvement outlook favorable: Bank of America
Sep 5th, 11:55am
The “Fast Money Halftime Report” traders...
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Freddie Mac Clarifies Treatment of Loans with Disaster Forbearance in PCs
Sep 5th, 11:54am
Freddie Mac Clarifies Treatment of Loans with Disaster Forbearance in PCs...Read More
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Declining Mortgage Rates As A Signal Of Future Economic Performance
Sep 5th, 10:55am
Contract rates on mortgages used to purchase newly built homes fell by 9 basis points over the month of July 2017. According to the Federal...
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Cordray Could Face Jerry Springer in OH Govnr Run
Sep 5th, 10:24am
While Consumer Financial Protection Bureau Director Richard Cordray has yet to confirm a gubernatorial run in Ohio, if he does -- Jerry Springer...
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What salaries can afford a median priced home in the US?
Sep 5th, 10:22am
CNBC's Diana Olick reports the latest on the...
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A key Fed official just admitted they whiffed on inflation forecast, meaning next hike further away
Sep 5th, 10:14am
The Fed appears ready to accept that its inflation assessments have been wrong, indicating an important shift in how it will approach rate hikes...
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Construction equipment giant United Rentals set for growth as Texas recovers from Harvey
Sep 5th, 9:54am
Rebuilding efforts after Hurricane Harvey will likely boost revenue and profit for United Rentals, says Jefferies....Read More
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Florida Realtors®: Flood Insurance Needed Now More Than Ever
Sep 5th, 9:54am
ORLANDO, Fla., Sept. 5, 2017 /PRNewswire/ -- Mass destruction caused by Hurricane Harvey and floodwaters in Texas and Louisiana. Severe flooding...
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US factory orders fall 3.3 percent
Sep 5th, 9:14am
Economists polled by Reuters expected factory goods orders to drop 3.2 percent in July....Read More
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12 States Hit Price Peaks, 1 in 3 Metros are "Over-Valued"
Sep 5th, 8:56am
Posted To: MND NewsWireBlack Knight Financial Services put a coda on home price reports for June while CoreLogic opened the next round for July....
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Central banks are driving equities: Hilltop Securities' Mark Grant
Sep 5th, 8:33am
Mark Grant, Hilltop Securities, weighs in on how...
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Lender Disaster Aid; Training and Events
Sep 5th, 8:29am
Welcome to the Monday-est Tuesday of the year. Hey, the cost to produce a home loan has fallen! Per the Mortgage Bankers Association, total loan...
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Fed's Brainard says 'core' global growth outlook much improved
Sep 5th, 8:23am
WASHINGTON (MarketWatch) - The "core" global growth outlook is much improved compared with two years ago, Fed Governor Lael Brainard said Tuesday....
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MBS Week Ahead: Strong Start on North Korea; Draghi Ahead; Corporate Deluge
Sep 5th, 8:05am
Posted To: MBS CommentaryGlobal financial markets moved away from risk to start the holiday-shortened week as more North Korean missile drama made...
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US considers response to North Korean threat
Sep 5th, 7:31am
CNBC's Eamon Javers reports tensions are rising...
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Fed may have to slow interest-rate hikes given subdued inflation: Brainard
Sep 5th, 7:23am
Fed Governor Lael Brainard says it may be "prudent" for the Fed to slow interest-rate hikes given recent weakness in inflation....Read More
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What Credit Risk Transfer Tells Us About Guarantee Fees
Sep 5th, 7:21am
By Kevin Palmer, SVP Single-Family Credit Risk Transfer What do CRT and G-fees have in common other than being strange acronyms? Well, one can...
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CoreLogic US Home Price Report Shows Prices Up 6.7 Percent in July 2017
Sep 5th, 7:21am
Western States Led the Nation in Home Price Growth   Prices in Washington and Utah Experienced Double-Digit Annual Increases Over...
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HECM Endorsements Jump to 4-Month High
Sep 1st, 5:47pm
Federally insured reverse mortgage production last month was higher than it's been in four months. The biggest lender maintained its...
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MBS RECAP: Bonds Drift Weaker as Traders Rush For Exits
Sep 1st, 5:06pm
Posted To: MBS CommentaryWe talk a lot about participation among traders dropping off at mid-day when European markets close, but today's...
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Pending Home Sales Stall, South Leads Drop
Sep 1st, 4:43pm
A persistently tight inventory of homes for sale pulled down the monthly number of residential properties under contract. The South took the...
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Why the US 10-year will break below 2 percent: Pro
Sep 1st, 4:42pm
Chad Morganlander of Washington Crossing Advisors...
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S&P's Dividend Yield Now Beats Treasuries
Sep 1st, 4:41pm
Bloomberg S&P's Dividend Yield Now Beats Treasuries Bloomberg U.S. equities now look more attractive relative to Treasuries for...
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Tune in early Tuesday morning to hear the thinking of the Fed's inner circle
Sep 1st, 4:41pm
Fed governor Lael Brainard, seen as a member of Fed Chairwoman Janet Yellen's inner circle, will give her views on the economy and interest-rate...
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AAG Is Reverse Mortgage Success Story
Sep 1st, 4:35pm
With the help of paid celebrities, American Advisors Group was able to take advantage of the exit of major players to grow and become the largest...
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ARMs Defy Weekly Dip in New Mortgage Activity
Sep 1st, 2:02pm
Heading into Labor Day, new home-lending business turned mildly lower. That wasn't the case, however, for adjustable-rate mortgage activity.In the...
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Mortgage Rate Rally Stalls Despite Weak Jobs Report
Sep 1st, 1:24pm
Posted To: Mortgage Rate WatchMortgage rates were sideways to slightly higher today despite a weak reading of the Employment Situation (aka "the...
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White House retreats from government shutdown threat: Washington Post
Sep 1st, 1:23pm
WASHINGTON (Reuters) - The White House has signaled to congressional Republican leaders that it has pulled back from U.S. President Donald Trump's...
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Temporary FHA Condo Project Requirements Extended
Sep 1st, 12:38pm
Temporary requirements previously issued for condominium projects to be approved by the Federal Housing Administration have been extended.In...
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Great Commentary on Jobs Report From Calculated Risk
Sep 1st, 12:05pm
The headline jobs number was below expectations, and there were downward revisions to the previous two months.  And the...
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Agency MBS Issuance Highest in 7 Months
Sep 1st, 11:59am
With the Federal National Mortgage Association leading the way, agency mortgage securitizations climbed to the highest level in seven...
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Residential Sector Continues to Buoy the Construction Spending
Sep 1st, 11:03am
Total spending on construction slipped nationwide in July, down 0.6 percent from June to a seasonally adjusted annual rate of $1.21 trillion, but...
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BMO strategist Belski discusses why the jobs report isn't so bad
Sep 1st, 10:55am
The full interview with Brian Belski....Read More
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Market needs to see more data before being conviced of December hike: Brian Jacobsen
Sep 1st, 10:30am
Brian Jacobsen, Wells Fargo senior investment...
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156,000 Jobs Added in August, 13,000 in Residential Construction
Sep 1st, 10:30am
According to the Employment Situation for August 2017 reported by the BLS, total nonfarm payroll employment increased by 156,000 in August, less...
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Federal Reserve finalizes rules to help unwind big banks
Sep 1st, 10:09am
WASHINGTON (Reuters) - The Federal Reserve on Friday finalized a new rule that should make it easier to wind down systematically important U.S....
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Redfin Housing Demand Index Dipped in July as Inventory Shortage Deepened
Sep 1st, 9:57am
The Redfin Housing Demand Index fell 5.0 percent from its all-time high of 130 in June to 124 in July. Still, the Demand Index was up 29.7 percent...
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Tightening labor market not enough to lift wage growth: Former deputy Labor secretary
Sep 1st, 9:47am
David Kelly, JPMorgan chief global strategist, and...
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ISM manufacturing index at 58.8 vs. 56.3 estimate
Sep 1st, 9:46am
CNBC's Rick Santelli reports the latest read on...
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Mortgage Jobs Fall as US Employment Data Weakens
Sep 1st, 9:40am
Monthly job growth within all U.S. industries weakened as unemployment worsened. After rising four straight month, non-bank mortgage employment...
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Job growth cools down in August, Hurricane Harvey not a factor
Sep 1st, 9:27am
The Bureau of Labor Statistics (BLS) employment report released today shows that 156,000 new jobs were added in August. In this blog post, I put...
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Construction spending falls to 9-month low
Sep 1st, 9:20am
The U.S. manufacturing index registered 58.8 in August, up from 56.3 in July....Read More
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Economic Report: Consumer sentiment retreats in late August
Sep 1st, 9:14am
Consumer sentiment pulled back to a final August reading of 96.8, according to reports on the University of Michigan gauge released Friday....Read...
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ISM Manufacturing index increased to 58.8 in August
Sep 1st, 9:14am
The ISM manufacturing index indicated expansion in August. The PMI was at 58.8% in August, up from 56.3% in July. The employment index...
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Payrolls in US Rise 156000; Wages Also Below Forecasts
Sep 1st, 8:59am
Bloomberg Payrolls in US Rise 156000; Wages Also Below Forecasts Bloomberg The U.S. economy added fewer employees than expected in August, the...
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Majority of Harvey Losses Uninsured
Sep 1st, 8:55am
CoreLogic, which provides data and analytics to the insurance as well as the mortgage industry, has issued some preliminary estimates for the...
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Dollar, Wall Street futures make quick recovery from soft U.S. jobs data
Sep 1st, 8:37am
LONDON (Reuters) - The dollar, Wall Street futures and benchmark bond yields were quick to recover from an initial flinch on Friday, after...
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Fed unlikely to hike rates this year: Clearnomics' James Liu
Sep 1st, 8:30am
CNBC's Rick Santelli and James Liu, Clearnomics...
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August jobs number 'win-win' for economy: Steve Liesman
Sep 1st, 8:30am
CNBC's Steve Liesman and Larry Kudlow, CNBC...
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The Fed: December rate hike still expected by economists, if not market, after jobs report
Sep 1st, 8:27am
The August jobs report, though mildly disappointing, will not get the Fed to change course from shrinking the balance sheet in September and a...
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Comprehensive Disaster Updates From Agencies, Lenders, and Investors
Sep 1st, 8:25am
You think you have it rough? Try being a Wells Fargo MLO trying to hold onto your business when every newspaper is carrying stories about the...
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Treasury Secretary Mnuchin: Expect details on tax plan in the next few weeks
Sep 1st, 7:57am
CNBC's Steve Liesman talks about the key...
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August nonfarm payrolls up 156,000, unemployment 4.4%
Sep 1st, 7:57am
CNBC's Hampton Pearson breaks down the latest...
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Fannie Mae Releases July 2017 Monthly Summary | Fannie ...
Sep 1st, 7:46am
News Release. Share This: August 31, 2017. Fannie Mae Releases July 2017 Monthly Summary. Matthew Classick. 202-752-3662. ......Read More
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U.S. job growth slows in August; wage growth retreats
Sep 1st, 7:46am
WASHINGTON (Reuters) - U.S. job growth slowed more than expected in August after two straight months of strong gains, but the pace of increase...
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The Bond Market's Biggest Rally of 2017 Amazes Traders
Sep 1st, 7:46am
Bloomberg The Bond Market's Biggest Rally of 2017 Amazes Traders Bloomberg The bond bull market is staging its biggest leap forward this...
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That beloved mortgage deduction skews to the wealthy
Sep 1st, 7:45am
If a tax overhaul includes big increases in the standard deduction, use of the mortgage deduction could drop....Read More
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MBS Day Ahead: Today's NFP Trade May Not be Market's "Final Answer"
Sep 1st, 7:30am
I wish Who Wants to be a Millionaire was still a popular show. Its catchphrases and terminology work really well with bond market...
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CMBS Delinquency Sinks, Industrial Leads Drop
Aug 31st, 8:35pm
Past due payments on securitized commercial real estate loans turned lower as the wall of maturities subsided. The improvement was led by...
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Fannie's Delinquency Drops to New Post-Crisis Low
Aug 31st, 8:21pm
Again, serious delinquency at the Federal National Mortgage Association has fallen to the lowest level in the past decade. New business...
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Senior Federal Home Loan Bank Execs Indicted
Aug 31st, 6:00pm
Senior executives of the Federal Home Loan Bank of Dallas have been indicted for using funds from the organization to pay for personal...
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New 2017 Low for Mortgage Rates, Could Go Lower
Aug 31st, 5:50pm
Interest rates on single-family loans this past week fell to the lowest level since last year, and the next report could see a similar decline.On...
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MBS RECAP: Tame Inflation Stands Aside for Month-End Buyers
Aug 31st, 4:32pm
Posted To: MBS CommentaryWithout month-end trading needs and in the absence of one of the most relevant inflation reports, today may well have...
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Risk of Mortgage Fraud Higher Than Year Earlier
Aug 31st, 4:26pm
While there was no month-over-month increase in the risk of fraud on new applications, risk is up from a year ago. Rising rates could drive risk...
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Mortgage Rates Slightly Lower Ahead of Big Jobs Report
Aug 31st, 3:35pm
Mortgage ratesmoved lowertoday--something they've been more likely to do in general since early July. The gradual downtrend...
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Water damage warning signs include odor, dampness
Aug 31st, 3:12pm
CNBC's Diana Olick discusses how to protect...
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IRS makes it easier for Harvey victims to tap 401(k) money for rebuilding
Aug 31st, 3:09pm
Although the IRS has relaxed its rules to help storm-impacted people access their retirement funds, doing so can be costly....Read More
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Banking Agencies Address Disaster Relief for Hurricane Harvey Victims
Aug 31st, 3:06pm
Several federal agencies have issued reminders and requirements related to banking and credit services for borrowers affected by Hurricane...
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Loan Processor Sues Wells Fargo for Harassment
Aug 31st, 12:58pm
A federal lawsuit filed against Wells Fargo & Co. alleges that the company did nothing when a mortgage processor reported sexual harassment by...
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Goldman: August Payrolls Preview
Aug 31st, 12:14pm
A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate nonfarm payrolls increased by 160k in August, below...
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Wells Fargo Fraudulent Account Scandal Grows
Aug 31st, 12:03pm
Wells Fargo & Co. has disclosed that the number of new accounts fraudulently created by bank employees is substantially higher than originally...
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Gains in July U.S. Personal Income
Aug 31st, 11:42am
Personal income increased 0.4% in July after showing virtually no change in the previous month, according to the most recent data release from the...
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FHA CRE Biz Skyrockets, SFR Refi Biz Headed Higher
Aug 31st, 11:36am
There was little change in monthly residential business at the Federal Housing Administration, though refinance activity is poised for an...
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August Employment Preview
Aug 31st, 11:02am
On Friday at 8:30 AM ET, the BLS will release the employment report for August. The consensus, according to Bloomberg , is for an increase of...
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Secretary Mnuchin: No question debt ceiling will be raised
Aug 31st, 10:56am
Treasury Secretary Steven Mnuchin speaks to...
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Chicago PMI 58.9 vs. 58 estimate
Aug 31st, 10:33am
CNBC's Rick Santelli provides the latest read...
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Rules Relax, Rates Rise and Some New Banks Start Up in the US
Aug 31st, 10:07am
Bloomberg Rules Relax, Rates Rise and Some New Banks Start Up in the US Bloomberg This year has brought something the U.S. financial industry...
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Subprime is now ‘nonprime': High-risk mortgage lending is back
Aug 31st, 10:06am
Subprime loans were one of the main causes of the financial crisis. But lending to high-risk borrowers are making a comeback, Financial Times...
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Bond market shows worrying sign as debt-ceiling drama looms
Aug 31st, 9:42am
It's time for the president and congress to pass debt-ceiling legislation, says Richard Schaeffer....Read More
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Strong Q2 GDP Growth Confirmed
Aug 31st, 9:42am
The pace of growth in the nation's economy over the second quarter of 2017 was stronger than originally believed. According to the Bureau of...
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Pending Sales Slide on "Staggering" Lack of Inventory
Aug 31st, 9:21am
Posted To: MND NewsWireLast month's resurgence in pending home sales didn't last long . Sales ended a three-month fad in June with a 1.5 percent...
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Wells Fargo finds more unauthorized accounts, online billpay problems
Aug 31st, 9:02am
(Reuters) - Wells Fargo & Co will refund more customers for charges they should not have incurred after expanding its review of improper sales...
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Wells Fargo unveils results of expanded account review
Aug 31st, 9:02am
CNBC's Kayla Tausche reports on the review of...
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Initial jobless claims up 1,000 to 236,000
Aug 31st, 8:20am
Jim Iuorio, TJM Institutional Services, breaks down...
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Disaster Updates, Impact on Secondary Markets; Lender and Bank M&A
Aug 31st, 8:07am
Calling out attorneys with the U.S. Consumer Financial Protection Bureau for its "blatant disregard" for judicial instructions, the CFPB was dealt...
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US consumer spending rises moderately, but inflation remains muted
Aug 31st, 7:56am
U.S. consumer spending rose slightly less than expected in July and annual inflation increased at its slowest pace since late 2015....Read More
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US jobless claims rise marginally as labor market tightens
Aug 31st, 7:56am
Claims for benefits were expected to total 236,000 for the most recent week, up from the 234,000 claims reported for the week earlier....Read More
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Flood Insurance Explained
Aug 31st, 7:55am
Insurance Information Institute explains difference between homeowner and flood policies....Read More
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MBS Day Ahead: Month-End Trading, Inflation Data, and 3 Options For Bonds
Aug 31st, 7:34am
Posted To: MBS CommentaryThis week has admittedly been the same sort of summertime trading week that we've seen for most of July and...
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U.S. house prices to keep rising on supply constraints: Reuters poll
Aug 31st, 7:14am
BENGALURU (Reuters) - U.S. house prices are forecast to rise by a cumulative 10 percent over this year and next, driven by a scarcity of new...
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Harvey hit at least $23 billion worth of property
Aug 31st, 7:14am
The properties affected by flooding reflect market value, not damage estimates....Read More
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Best Employers Include Several Mortgage Firms
Aug 30th, 5:53pm
Among recently recognized best employers were several mortgage banking firms, a pair of banks and a mortgage service provider. One home lender has...
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MBS RECAP: Bond Traders Break Out The Bumpers
Aug 30th, 4:50pm
Bond markets had a reasonably good day, all things considered. The caveat is that we shouldn't read much of anything into today's...
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Jump in Default Risk on New Mortgage Originations
Aug 30th, 3:49pm
The risk of default on new quarterly mortgage originations turned significantly higher as production plunged, though seasonal factors played a...
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Higher Today, But Still 2nd Best Day of 2017 For Rates
Aug 30th, 3:32pm
Mortgage rateswere technically higher today vs yesterday, but unless you've been following day-to-day movements under a microscope, you...
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This week is shaping up to be the slowest in the market since Christmas
Aug 30th, 3:29pm
It's been a very sleepy week for Wall Street thus far despite plenty of news....Read More
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CFPB releases summary of TRID Rule amendments
Aug 30th, 3:08pm
In July, the CFPB finalized amendments to the TILA/RESPA Integrated Disclosure (TRID) rule.   Published in the Federal Register earlier this...
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HUD/VA/Fannie/Freddie address mortgage-related disaster relief for Hurricane Harvey victims
Aug 30th, 2:52pm
U.S. Department of Housing and Urban Development (HUD) On Monday, August 28, HUD announced that it was committed to "speed federal disaster...
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The ARM Will Rise Again... Probably
Aug 30th, 1:29pm
To paraphrase Mark Twain, reports of the demise of the ARM may have been greatly exaggerated. The market share of ARMs (adjustable rate...
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Harvey's economic impact on GDP
Aug 30th, 1:06pm
CNBC's Steve Liesman breaks down the numbers on...
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The Fed: Currency war talk restarts after Jackson Hole
Aug 30th, 1:03pm
A ‘currency war dynamic' has emerged in the aftermath of the Jackson Hole conference, a leading Fed watcher said....Read More
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Wells Fargo Sued Again Over Rate-Lock Fees
Aug 30th, 1:02pm
After being named as a defendant in a former employee's lawsuit over rate-lock extension fees, a class action has been filed against Wells Fargo...
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From Stocks to Bonds, the Bear-Market Signals Are Multiplying
Aug 30th, 12:59pm
Bloomberg From Stocks to Bonds, the Bear-Market Signals Are Multiplying Bloomberg Risks are stacking up for markets attempting to recover from the...
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A US shutdown could cut into 4th-quarter GDP growth: S&P
Aug 30th, 12:59pm
A U.S. government shutdown, if it were to start at the start of the fourth quarter, would subtract 0.2 percentage point a week....Read More
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CMBS Delinquency Down 2nd Consecutive Month
Aug 30th, 12:07pm
For the second month in a row, the performance of securitized commercial real estate loans improved. Industrial loans led the decline in late...
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Director Director Cordray to remain at CFPB beyond Sept. 1; Rep. Hensarling seeks confirmation of Di
Aug 30th, 11:53am
Despite the various signs suggesting Director Cordray would resign before Labor Day, it now appears that he intends to remain as Director until at...
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Zillow Forecast: "July Case-Shiller Forecast: Slowdown Coming in Home Prices"
Aug 30th, 11:53am
The Case-Shiller house price indexes for June were released yesterday. Zillow forecasts Case-Shiller a month early, and I like to check...
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Harvey Hits Mortgages: Flood-Stricken Homeowners Less Likely to Pay
Aug 30th, 11:51am
Posted To: MND NewsWireHoustonians in the flood stricken areas are focused on surviving and looking for a place to stay, not finding a way to pay...
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Facing at least $10 billion in flood insurance claims: Former FEMA deputy admin.
Aug 30th, 10:50am
Sandra Knight, former FEMA deputy administrator,...
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Buffett: Flood insurance doesn't have big enough risk pool
Aug 30th, 10:50am
Warren Buffett, Berkshire Hathaway, speaks with...
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Fed's Powell says new rules for bank directors don't lower the bar
Aug 30th, 10:47am
CHICAGO (Reuters) - Federal Reserve Governor Jerome Powell on Wednesday delivered a robust defense of new regulations for bank directors, saying...
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We've fixed the jobs gap, but people still aren't working
Aug 30th, 10:46am
The U.S. economy and labor market experienced their most severe shock in generations from 2008-10, with over eight million jobs disappearing in a...
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Warren Buffett: This doesn't feel like a 3% GDP economy
Aug 30th, 10:42am
This is a breaking news story. Check back shortly for updates.. Billionaire investor Warren Buffett, chairman and CEO of Berkshire Hathaway,...
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Harvey Could Reshape How and Where Americans Build Their Homes
Aug 30th, 10:42am
Bloomberg Harvey Could Reshape How and Where Americans Build Their Homes Bloomberg Jerry Garcia's home in Corpus Christi missed the worst...
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Government Programs Lead Drop in Mortgage Apps
Aug 30th, 9:51am
As overall applications for home loans slowed on a week-over-week basis, the share that were for government mortgage programs was more narrow.The...
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US Second-Quarter Growth Revised to 3% in Momentum Boost
Aug 30th, 9:24am
Bloomberg US Second-Quarter Growth Revised to 3% in Momentum Boost Bloomberg U.S. second-quarter growth was revised upward to the fastest pace in...
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MBS Day Ahead: Watching Out For a Post-Korea Bounce
Aug 30th, 9:09am
Posted To: MBS CommentaryWe've seen it before and we'll likely see it again. Bond markets (and most other markets, for that matter)...
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Harvey aftermath puts some homeowners at risk
Aug 30th, 9:01am
CNBC's Diana Olick reports new numbers on...
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ADP: 237,000 private sector jobs added in August
Aug 30th, 8:31am
CNBC's Steve Liesman and Mark Zandi,...
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Fed will continue to expect more 'than ever before' from directors of large banks, Powell
Aug 30th, 8:30am
The Federal Reserve will continue to expect much more from ever before from directors of large banks, said Federal Reserve Governor Jerome Powell,...
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Lender Disaster Updates; Tech Survey Interview; Wells' Rate Lock Lawsuit
Aug 30th, 8:26am
Posted To: Pipeline PressI love it when a roomful of 50, 60, or 70-year old residential lenders is complaining to me about a lack of “new...
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Mortgage Apps Post Another Listless Week
Aug 30th, 8:13am
Applications for both home purchase mortgages and refinancing declined last week, pulling overall volume lower for the second week in a row....
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Q2 GDP (revised) up 3.0% vs. 2.8% est.
Aug 30th, 8:00am
CNBC's Rick Santelli breaks down the latest...
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Treasury yields hold their ground as geopolitical tension subsides
Aug 30th, 8:00am
U.S. Treasury bonds stabilized, with the benchmark 10-year yield holding near a nine-month low, on Wednesday a day after bonds drew bids,...
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Mortgage applications fall again, as borrowers wait for even lower rates
Aug 30th, 7:59am
Applications to refinance fell 2 percent for the week and are down 41 percent from a year ago....Read More
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Wednesday: GDP, ADP Employment
Aug 30th, 7:59am
From Matthew Graham at Mortgage News Daily: Mortgage Rates Now Easily into "High 3's" It's one thing for the highly competitive environment of...
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MBS RECAP: Blame North Korea, But Bonds Sorta Liked It
Aug 29th, 5:28pm
Posted To: MBS CommentaryIt's all well and good to highlight North Korea's missile launch as the dominant market mover for the day. It...
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Nearly $1 Billion in GSE Reperforming Loans For Sale
Aug 29th, 5:12pm
Nearly $1 billion in government-sponsored enterprise residential loans are being marketed for sale. The mortgages are either slightly past due or...
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Mortgage Rates Now Easily into "High 3's"
Aug 29th, 5:00pm
Posted To: Mortgage Rate WatchIt's one thing for the highly competitive environment of "rate table" advertising (where lenders compete and you get...
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HUD tightens requirements for loans seniors can take against their homes
Aug 29th, 4:55pm
Every reverse mortgage loan taken out is currently projected to lose money, officials said....Read More
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HECM M.I. Premiums Being Raised
Aug 29th, 4:51pm
The cost of mortgage insurance premiums on federally insured mortgages is going up in an effort to limit taxpayer exposure. But the change will...
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MSR Losses Hurt Mortgage Servicing Income
Aug 29th, 4:05pm
An increase in quarterly losses from mortgage servicing rights drove earnings down from the prior period. But income was better than in the same...
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Lower Staff Costs Help Mortgage Production Income
Aug 29th, 3:56pm
A decrease in employee expense was behind a quarter-over-quarter improvement in mortgage production earnings. But there was year-over-year...
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After Harvey and North Korea, big economic and market gains are coming, Jim Paulsen says
Aug 29th, 2:47pm
Hurricane Harvey and geopolitical turmoil from North Korea have spurred fears of market and economic disruption....Read More
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Hurricane Harvey devastates housing market
Aug 29th, 2:18pm
Melissa Mims, ReMax broker associate in Bellaire,...
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Mortgage Bank Profits Highest in Three Quarters
Aug 29th, 2:16pm
Posted To: MND NewsWireThe bottom line for many mortgage banks recovered significantly in the second quarter of 2017, after two quarters of...
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Market thinks Fed could hold off on rate hikes for another year — at least
Aug 29th, 2:11pm
The Fed won't be hiking interest rates again until well into 2018, according to current predictions....Read More
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Buyers 'fight over scraps' in ever-pricier housing
Aug 29th, 2:10pm
Home prices are continuing to rise. Demand has not fallen off, and bidding wars are to be expected with most offers....Read More
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Home Prices Continue Climbing, Records Broken
Aug 29th, 12:45pm
House values continue to rise, with some home price indices solidly in record territory. But escalating values reflect a persistent inventory...
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Wells Fargo Sued Over Lock Fees
Aug 29th, 12:29pm
Posted To: MND NewsWireAnother day, another Wells Fargo consumer lawsuit. This time the bank is confronting a class action suit accusing it of...
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Most Harvey flood victims uninsured, face big bills alone
Aug 29th, 12:26pm
Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance....Read More
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U.S. consumer confidence hits five-month high; house prices rise
Aug 29th, 11:20am
WASHINGTON (Reuters) - U.S consumer confidence surged to a five-month high in August as households grew increasingly upbeat about the labor market...
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August marks second best read on consumer confidence in 2017
Aug 29th, 11:16am
CNBC's Rick Santelli reports the latest read on...
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Freddie Mac: Portfolio is Growing
Aug 29th, 11:11am
Posted To: MND NewsWireFreddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 1.8 percent in July. The...
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First-Time Homebuyer Demand Continues to Outpace Housing and Mortgage Market, Driving Home Pricing A
Aug 29th, 11:05am
RICHMOND, Va., Aug. 29, 2017 /PRNewswire/ -- During the second quarter of 2017, first-time homebuyers purchased 570,000 single-family homes...
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Mortgage Industry Supports Hurricane Victims
Aug 29th, 10:56am
All around the mortgage industry, primary and secondary lenders are coming to the aid of borrowers impacted by the severe devastation from...
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Real House Prices and Price-to-Rent Ratio in June
Aug 29th, 10:32am
Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 5.8% year-over-year in June It has been more than ten...
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Homeowner's lawsuit says Wells Fargo charged improper mortgage fees
Aug 29th, 10:31am
NEW YORK (Reuters) - A homeowner has filed a proposed class action lawsuit accusing Wells Fargo & Co of improperly charging thousands of...
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Don't Bet on a Home Price Reversal Just Yet
Aug 29th, 9:32am
Posted To: MND NewsWireAlthough home prices were generally expected to begin cooling off by the middle of 2017, the most recent Case-Shiller Home...
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Consumer confidence strengthens in August, beating expectations for a drop
Aug 29th, 9:25am
A major indicator of consumer optimism rose to 122.9 in August....Read More
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Labor market pump is primed—we must take advantage
Aug 29th, 9:24am
The most recent jobs report from the U.S. Department of Labor eliminates any lingering doubts that labor markets in the U.S. are now quite tight...
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MBS Day Ahead: Geopolitical Risk Sets Up Technical Victory (and Some Defeat)
Aug 29th, 8:48am
Amid the recent slow summertime trading, there are only a few things that stand a chance of catching the market's collective eye....
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Massive Texas vaults ready to truck cash to Harvey-devastated areas, says ex-Dallas Fed president
Aug 29th, 8:30am
"The Fed is open in Houston. It's open here in Dallas," Richard Fisher says....Read More
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Credit Reporting and Broker Products; Credit Guideline Changes
Aug 29th, 8:27am
Different words have different meanings for different people. For example, instead of using the word “marriage,” Kim Kardashian...
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How might Japan and the US respond to North Korea's missile launch?
Aug 29th, 8:06am
Robin Harding of the Financial Times says North...
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North Korea fires missile over Japan
Aug 29th, 8:06am
CNBC's Eamon Javers reports North Korea...
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Trump says ‘all options are on the table for North Korea': White House
Aug 29th, 7:46am
President Donald Trump responded to North Korea's firing a ballistic missile that passed over Japan with a statement Tuesday....Read More
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Detroit's tiny houses are giving low-income earners a shot at homeownership
Aug 29th, 7:45am
Here, the Tiny House movement serves a different purpose....Read More
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MBS RECAP: Tentative Test of Technicals after Treasury Auction
Aug 28th, 6:25pm
Posted To: MBS CommentaryIt's not normal for a 5yr Treasury auction to cause the biggest move in any given day for bond markets. That's an...
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Dow futures open more than 100 points lower after North Korea fires missile over Japan
Aug 28th, 5:14pm
North Korea has fired a ballistic missile that passed over Japan, Prime Minister Shinzo Abe told reporters early Tuesday. A South Korean military...
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Senior, Mid-Level Execs Shuffled at Mortgage Firms
Aug 28th, 5:07pm
As one mortgage firm replaces its chief executive officer, another organization recruited a new chief information officer, and two more hired new...
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Mortgage Rates Still at 2017 Lows
Aug 28th, 4:32pm
Posted To: Mortgage Rate WatchMortgage rates held steady today, as the news cycle was dominated by Hurricane Harvey. That's not to say that...
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HUD Announces Disaster Assistance for Victims of Hurricane Harvey
Aug 28th, 3:54pm
WASHINGTON - U.S. Housing and Urban Development Secretary Ben Carson today announced HUD will speed federal disaster assistance to the State of...
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Modest Expansion for Residential Construction Loans
Aug 28th, 3:54pm
The volume of residential construction loans increased by 1.2% during the second quarter of 2017, marking 17 consecutive quarters of growth....
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Hurricane Harvey Could Cost Homeowners Big-Time—and for a Long Time
Aug 28th, 3:54pm
Hurricane Harvey is causing significant damage to homes, businesses, and entire communities. The damage is not expected to be a cheap or quick...
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65 Mortgage Events Scheduled Through End of 2017
Aug 28th, 2:31pm
More than 65 mortgage-related conferences, workshops and other events are on Mortgage Daily's Mortgage Conference Calendar through the end of this...
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Why Janet Yellen may have talked herself out of a job
Aug 28th, 2:06pm
In making a case for strong banking regulations, Fed Chair Janet Yellen also may have been indirectly telling President Trump not to reappoint...
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Tapping Your Home Equity for Cash Is Big Again
Aug 28th, 1:08pm
Home-equity lines of credit and cash-out mortgage refinances are back in vogue with consumers. That reflects growing confidence. The post Tapping...
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Don't let anyone tell you Hurricane Harvey won't damage the U.S. economy
Aug 28th, 11:04am
Hurricane Harvey is going to damage the U.S. economy. The problem is that economic statistics may mask the pain, economists said Monday....Read More
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How Hurricane Harvey could affect the US' national flood insurance program
Aug 28th, 10:55am
CNBC's Ylan Mui breaks down how Hurricane...
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Barron's: Why China has been gobbling up U.S. government paper
Aug 28th, 10:48am
China is once again America's top creditor, and Treasury investors are paying attention. But market participants should be careful not to get...
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Cherry Creek Mortgage Chairman Resigns
Aug 28th, 10:24am
Following a lawsuit filed by a former employee over the loss of health insurance coverage for her and her spouse, the chairman of a Colorado-based...
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What Markets Think About the Looming Debt Ceiling Showdown
Aug 28th, 10:12am
Bloomberg What Markets Think About the Looming Debt Ceiling Showdown Bloomberg Financial markets are suggesting the political drama surrounding...
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Bond Report: Treasury yields stabilize ahead of pending auctions
Aug 28th, 10:11am
Treasury yields were mixed on early Monday trade ahead of auctions for government paper, which will kick off a week brimming with economic data...
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Dallas Fed: "Texas Manufacturing Activity Expands Again" in August
Aug 28th, 9:46am
From the Dallas Fed: Texas Manufacturing Activity Expands Again Texas factory activity continued to increase in August, according to business...
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U.S. goods trade deficit widens in July; retail inventories fall
Aug 28th, 9:44am
WASHINGTON (Reuters) - The U.S. goods trade deficit increased in July as exports fell, suggesting that trade would make a modest contribution to...
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MBS Week Ahead: Slow Summertime Trading Almost Done
Aug 28th, 8:35am
Posted To: MBS CommentarySometimes, events are such that the typical summertime trading patterns aren't easily seen in terms of trading ranges...
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Home improvement retailers rise in premarket trading after Harvey
Aug 28th, 8:24am
NEW YORK (Reuters) - Shares of U.S. home improvement retailers rose in premarket trading on Monday as Tropical Storm Harvey was set to dump more...
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Markets eyeing Harvey, Amazon, Fed and crude
Aug 28th, 8:22am
Jeff Korzenik, Fifth Third Bank, and Charles...
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Zillow Wins Suit; Cherry Creek Chairman Resigns; Comprehensive Disaster Updates
Aug 28th, 8:13am
Posted To: Pipeline PressTropical Storm Harvey is very slowly creeping back toward the Gulf of Mexico but it was moving at only three miles per...
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Black Knight: House Price Index up 0.9% in June, Up 6.2% year-over-year
Aug 28th, 7:42am
Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the...
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Home Improvement Is Hot Right Now, but Who's Doing What?
Aug 28th, 7:37am
The average homeowner is taking on more improvement projects-and spending more on them. But what homeowners want varies a lot, depending...
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Why Even A Partial Government Shutdown Could Disrupt Bonds
Aug 28th, 7:36am
Bloomberg Why Even A Partial Government Shutdown Could Disrupt Bonds Bloomberg The bond market's key tools for estimating the course of...
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Cohn or Yellen? Bond Managers of $1 Trillion Say Same Difference
Aug 28th, 7:36am
Bloomberg Cohn or Yellen? Bond Managers of $1 Trillion Say Same Difference Bloomberg Bond traders are betting that no matter who's leading...
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Paradatec Named Verified UCD Producer By Freddie Mac
Aug 27th, 2:16pm
Paradatec, Inc., a provider of Optical Character Recognition (OCR) solutions for mortgage file processing, announced that it is a verified...
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LERETA University Offers Virtual Tax Service Training
Aug 27th, 1:51pm
LERETA, a national real estate tax and flood service provider, has created LERETA University, a web-based training platform to support and assist...
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State Housing Agencies Abuse TARP Funds
Aug 25th, 7:06pm
Taxpayer funds that were intended to support distressed borrowers in areas that suffered the most from the housing crisis have, in some cases,...
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Gov Programs Lead Surge in New Mortgage Business
Aug 25th, 4:56pm
New home-lending activity turned solidly higher this past week, and it was government mortgage programs that saw the biggest week-over-week...
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MBS RECAP: Jackson What?
Aug 25th, 4:54pm
Posted To: MBS CommentaryToday's Jackson Hole symposium couldn't have been any more anticlimactic even if this year's topic were...
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ECB President Draghi warns of 'serious risk' to global economy from rising protectionism
Aug 25th, 3:26pm
European Central Bank President says protectionism poses a "serious risk" for continued productivity growth and potential growth...
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Yellen to Trump: don't expect a flip-flop on financial reforms
Aug 25th, 3:26pm
JACKSON HOLE, Wyo. (Reuters) - Janet Yellen delivered a message to President Donald Trump on Friday, making it clear that if he re-nominates her...
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Draghi: Global recovery firming up
Aug 25th, 3:25pm
Steve Liesman, CNBC sr. economics reporter wraps up...
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New Wholesale Mortgage Lender Launches
Aug 25th, 3:06pm
An established retail home lender operating from New York state has launched a wholesale division to do business with mortgage brokers.Jet Direct...
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Mortgage Rates Little-Moved by Central Bank Speakers
Aug 25th, 2:25pm
Posted To: Mortgage Rate WatchMortgage rates were unchanged today, on average. Some lenders were slightly better, others were slightly worse, but...
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FEDS 2017-090: Improving the 30-Year Fixed-Rate Mortgage
Aug 25th, 2:08pm
Wayne Passmore and Alexander H. von Hafften | The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a...
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Fed's Powell says weak inflation is 'kind of a mystery'
Aug 25th, 2:08pm
Federal Reserve Governor Jerome Powell says he can't quite explain why inflation is running below the central bank's 2 percent target....Read More
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Zillow 'Zestimates' Zurvive Zuit
Aug 25th, 1:17pm
Judge dismisses plaintiffs' complaint against the online real estate firm alleged that its estimates amounted to unlicensed appraisals and made...
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Economists are reading Janet Yellen's tea leaves on monetary policy
Aug 25th, 1:17pm
Economists are drawing inferences from her vague sentiments about the health of the overall economy....Read More
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Yellen's speech in Jackson Hole may doom her chances for second term at Fed
Aug 25th, 1:17pm
Fed Chairwoman Janet Yellen's defense of regulation is so at odds with the views of President Donald Trump that it feels like a swan song, experts...
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Santelli Exchange: Fiscal vs. monetary policy
Aug 25th, 1:17pm
CNBC's Rick Santelli discusses the latest...
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Freddie Mac Confirms Disaster Relief Policies as Hurricane Harvey Approaches Texas
Aug 25th, 1:16pm
Freddie Mac Confirms Disaster Relief Policies as Hurricane Harvey Approaches Texas...Read More
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Gay Couple Sue Lender for Denying Health Coverage
Aug 25th, 11:23am
A mortgage banking firm that denied health insurance coverage to the same-sex spouse of a former female employee because of its religious values...
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Here's how housing's woes could get worse
Aug 25th, 10:58am
Low supply, high demand and increased prices cast a long shadow over the housing market - and it could get worse....Read More
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Freddie Mac: Mortgage Serious Delinquency rate unchanged in July
Aug 25th, 10:56am
Freddie Mac reported that the Single-Family serious delinquency rate in July was at 0.85%, unchanged from 0.85% in June.  Freddie's rate...
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Another sign that Richard Cordray will resign soon, perhaps next week?
Aug 25th, 10:22am
We have previously blogged about two upcoming events that have led to speculation that Richard Cordray is about to resign as Director of the...
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CFPB Makes Temporary HELOC Reporting Threshold Official
Aug 25th, 9:54am
Posted To: MND NewsWireIn July, the Consumer Financial Protection Bureau (CFPB) said it was rethinking implementation of its rules changing...
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CFPB's HMDA Changes; LIBOR Substitute Proposal; Blend's Capital Raise
Aug 25th, 9:51am
Posted To: Pipeline PressMy boss arrived at work in a brand-new Lamborghini. I said, "Wow, that's an amazing car!” He replied, "If you work...
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CFPB finalizes temporary increase of HMDA HELOC reporting threshold and other minor HMDA amendments
Aug 25th, 9:28am
As we previously reported, in October 2015, the CFPB adopted significant revisions to Regulation C, the Home Mortgage Disclosure Act (HMDA) rule,...
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Yellen: Financial rules have made economy stronger, changes should be 'modest'
Aug 25th, 9:28am
JACKSON HOLE, Wyo (Reuters) - Reforms put in place after the 2007 to 2009 crisis have strengthened the financial system without impeding economic...
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Cashin: Don't expect surprises from Yellen or Draghi
Aug 25th, 9:28am
It looks like Jackson Hole may be a...
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Yellen: Making progress toward price stability
Aug 25th, 9:27am
CNBC's Steve Liesman reports the headlines from...
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July durable goods down 6.8%
Aug 25th, 9:27am
CNBC's Rick Santelli breaks down the latest...
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MBS Day Ahead: J-Hole Doesn't Really Matter
Aug 25th, 8:58am
Posted To: MBS CommentaryI've waited until the day itself to abbreviate the Fed's Jackson Hole symposium with the beloved...
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The Wage Gap is Following Women Into Homeownership
Aug 25th, 8:16am
Single women earned 92 cents for every dollar of home equity earned by single men in the last five years. The post The Wage Gap is Following Women...
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US core capital goods orders rise, shipments surge
Aug 25th, 8:16am
Overall orders for durable goods tumbled 6.8 percent last month, however, as bookings for transportation equipment plunged 19 percent....Read More
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CFPB'S Cordray: Let Consumers Sue Companies
Aug 25th, 7:28am
Arbitration is not enough. Class action should remain an option, he writes....Read More
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Trump to begin big tax reform push next week
Aug 25th, 7:28am
President Donald Trump will start its campaigning for tax reform next week....Read More
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Gary Cohn says Trump's Charlottesville reaction put 'enormous pressure' on him to res
Aug 25th, 7:27am
Top White House economic official Gary Cohn revealed to the FT Friday he seriously considered resigning after Trump's response to...
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17-Year Low for Overall Mortgage Delinquency
Aug 24th, 5:32pm
Overall mortgage delinquency fell to the lowest level in 17 years, while the rate of foreclosures has descended to the lowest level in a decade.As...
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Freddie's Book Up, Delinquency Holds Near 10-Yr Low
Aug 24th, 4:54pm
As the Federal Home Loan Mortgage Corp. continued to increase the size of its book of business, the late-payment rate remained at a nearly 10-year...
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Mortgage Rate Decline Likely to Hold
Aug 24th, 4:43pm
Concerns about inflation, or the lack thereof, helped to pull down long-term rates on home loans to the lowest level since last year. Signs point...
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MBS RECAP: Bonds Pretend Not to Care About Jackson Hole
Aug 24th, 3:50pm
Bond markets have been generally rallying since early July. The apparent inspiration for that rally was the sell-off that preceded it....
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MBA Delinquency Data Setting Post-Crisis Records
Aug 24th, 3:21pm
The quarterly report from the Mortgage Bankers Association (MBA) based on its National Delinquency Survey seems like old times. MBA reports...
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CFPB releases state-level data on student debt impact on older borrowers
Aug 24th, 3:03pm
The CFPB has released a new report, “Older consumers and student loan debt by state.”  The new report is intended to be a...
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The New Gated Community: More Land, Fewer Neighbors
Aug 24th, 2:03pm
For some homeowners, the ideal gated community isn't one with loads of country-club amenities. It is one where the prime amenity is the land...
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A third of luxe real estate deals involve 'suspicious activity'
Aug 24th, 2:02pm
The Treasury Department said that 30 percent of high-end real-estate deals that were subject under a new watchdog program involved...
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A Few Comments on July Existing Home Sales
Aug 24th, 2:02pm
Earlier: NAR: "Existing-Home Sales Slide 1.3 Percent in July" First, as usual, housing economist Tom Lawler's estimate was much closer to the NAR...
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Mortgage Rates Sharply Sideways
Aug 24th, 1:35pm
Mortgage rateshaven't moved much at allrecently. While that leaves us little to talk about if we're examining rate changes on a...
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There are no more low-priced homes
Aug 24th, 1:13pm
Home prices are higher at virtually every price...
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Fed watchers still fret about policy missteps as Jackson Hole gets under way
Aug 24th, 1:07pm
If the Federal Reserve's jobs was to normalize monetary policy without disrupting financial markets, they have done a credible job so far....Read More
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Northeast, Midwest Drive Down Existing Home Sales
Aug 24th, 1:07pm
Inventory shortages were a factor in a slowdown of existing home sales last month. The decline was driven by the Midwest and the Northeast.July...
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Fed Chair Yellen set to deliver what could be historic speech in Jackson Hole
Aug 24th, 1:06pm
Chair Janet Yellen will be giving what could be her last speech at the Fed confab in Jackson Hole, Wyoming, closing out a remarkable decade in...
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Santelli Exchange: The redeployment of global capital
Aug 24th, 12:01pm
CNBC's Rick Santelli discusses the end of the...
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Fed's Kaplan says a market correction wouldn't necessarily be â€
Aug 24th, 12:00pm
Dallas Fed President Rob Kaplan said Thursday a market correction by itself would not necessarily be troubling....Read More
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We could do without investing commentary from the Federal Reserve's Janet Yellen
Aug 24th, 11:57am
The Fed is suffering from mission creep, says Michael Brush....Read More
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Foreclosures at 10-Year Low, Delinquency Up
Aug 24th, 11:20am
Although there was month-over-month deterioration in residential loan delinquency, the number of mortgages in foreclosure retreated to a level not...
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Dallas Fed President Robert Kaplan: We will monitor government shutdown very closely
Aug 24th, 10:31am
CNBC's Steve Liesman speaks with Robert Kaplan,...
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Existing home sales down 1.3% in July
Aug 24th, 10:31am
CNBC's Diana Olick reports on the latest read...
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30-Year Mortgage Rate Hits 2017 Low
Aug 24th, 10:25am
30-Year Mortgage Rate Hits 2017 Low...Read More
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Existing Home Sales Hit 2017 Lows
Aug 24th, 10:06am
Posted To: MND NewsWireSales of existing homes, like those for newly constructed ones, performed poorly in July. The National Association of...
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Fed's Esther George: 'Setup is there' for balance sheet reduction.
Aug 24th, 9:00am
CNBC's Steve Liesman reports on comments from...
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Foreclosure Inventory Finally Breaks 10-Year Low
Aug 24th, 8:59am
It is hard to believe that it has taken more than a decade, but Black Knight Financial Services says the foreclosure inventory, after a...
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Fearful of awakening market bears, Yellen and Draghi to tread softly at Jackson Hole
Aug 24th, 8:52am
Federal Reserve Chairwoman Janet Yellen and European Central Bank chief Mario Draghi have every incentive to be speak softly in their speeches...
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US jobless claims rise slightly as labor market tightens
Aug 24th, 8:47am
The number of Americans filing for unemployment benefits rose less than expected last week, suggesting a further tightening in labor market...
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Lender Arrests; State-Level Lending Law Changes
Aug 24th, 8:47am
Posted To: Pipeline PressTake your pick. A second home can mean endless headaches, unexpected costs, and shattered plans. On the other hand, a...
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MBS Day Ahead: New Technical Level to Help Gauge Progress
Aug 24th, 8:22am
Posted To: MBS CommentaryMost of my analysis in July and August focused on the positive technical boundary (aka "floor") at 2.21-2.22....
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Yellen must be careful what she says at Jackson Hole: Ladenburg Thalmann's Phil Blancato
Aug 24th, 7:31am
Gabriela Santos, JPMorgan Funds, and Phil Blancato,...
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Fed's Esther George maintains 2% growth forecast
Aug 24th, 7:31am
CNBC's Steve Liesman provides a preview of...
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Fed's George pushes for more rate hikes despite low inflation
Aug 24th, 7:29am
Low inflation shouldn't stop the Federal Reserve from continuing to hike interest rates, Kansas City Fed President Esther George said...
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Wall Street awaits Janet Yellen and Mario Draghi
Aug 24th, 7:28am
Investors shifted focus from the threat of a government shutdown to the Kansas City Fed symposium in Jackson Hole, Wyoming....Read More
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America's 20 Hottest Real Estate Markets for August 2017
Aug 24th, 7:28am
Summer is winding down, but it's still too darn hot in the world of residential real estate, according to a preliminary analysis of this month's...
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MBS RECAP: "Nice" Rally But Lacking in Substance
Aug 23rd, 4:26pm
Posted To: MBS CommentaryIf there were a magical ratio comparing the overall movement in bond markets to the relevance of the factors motivating...
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HMDA Examination Guidelines Issued
Aug 23rd, 4:05pm
Federal regulators of financial institutions have issued new examination procedures for compliance with the Home Mortgage Disclosure Act.On...
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Mortgage Rates Back to 2017 Lows
Aug 23rd, 3:54pm
Posted To: Mortgage Rate WatchMortgage rates reversed yesterday's move today, falling back in line with recent lows--also the lowest levels since...
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Competition, Declining Demand, Driving Credit Easing
Aug 23rd, 3:38pm
Posted To: MND NewsWireWith mortgage volumes expected to decline, more lenders are telling Fannie Mae that they intend to loosen their credit...
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Wells Fargo Still Fighting 7-Year-Old F/C Lawsuit
Aug 23rd, 3:31pm
A lawsuit filed by an Ohio couple seven years ago over allegedly illegal fees that were charged by Wells Fargo & Co. on a foreclosure is still...
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Dow drops nearly 90 points after Trump threatens government shutdown
Aug 23rd, 3:29pm
U.S. stocks fell after Trump said he would let the government shut down without appropriations for a border wall....Read More
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Dow logs longest streak without a gain of at least 1% in 10 1/2 years
Aug 23rd, 3:29pm
The Dow Jones Industrial Average on Wednesday marked its longest streak without a gain of at least 1% in more than a decade, according to WSJ...
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Mortgage interest deduction would affect small amount of taxpayers: Yale University's Robert Sh
Aug 23rd, 2:24pm
Robert Shiller, Yale University economics professor...
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Robert Shiller: Changes to popular deduction wouldn't have big effect on housing market
Aug 23rd, 2:22pm
What's driving real estate "is our sense of where we're going and the uncertainty" with the new...
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A few Comments on July New Home Sales
Aug 23rd, 2:22pm
New home sales for July were reported at 571,000 on a seasonally adjusted annual rate basis (SAAR). This was well below the consensus forecast,...
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Lowe's Trails Home Depot in Remodeling Boom
Aug 23rd, 2:22pm
Bloomberg Lowe's Trails Home Depot in Remodeling Boom Bloomberg Lowe's Cos. has been benefiting from the multiyear rebound in...
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Lowest Level for New Home Sales Since Last Year
Aug 23rd, 1:42pm
Last month, the annual rate of new home sales dropped to the lowest level since last year. Activity in the Northeast led the decline.Sales of new...
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Refinances Lead Rise in 2016 Mortgage Originations
Aug 23rd, 12:45pm
A newly released report indicates that mortgage production last year rose 15 percent from the previous year. Leading the gain was refinancing...
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Market jumped on tax reform but dropped on gov't shutdown
Aug 23rd, 12:41pm
CNBC's Eamon Javers analyzes the market...
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FFIEC issues new HMDA resubmission guidelines
Aug 23rd, 12:34pm
As expected, the Federal Financial Institution Examination Council (FFIEC) member agencies issued new data resubmission guidelines under the Home...
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Deciding what to do with an inherited house: Live in it, rent it or sell it
Aug 23rd, 12:34pm
The best choice may be to wait when dealing with a house left to you....Read More
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AIA: Architecture Billings Index "growth moderates" in July
Aug 23rd, 12:34pm
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index...
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Purchases Again Pull Down Mortgage Applications
Aug 23rd, 11:23am
For the second week in a row, an increase in mortgage refinance applications was more than offset by a decrease in applications for loans to...
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Home-builders ETF down after new-home sales data
Aug 23rd, 10:13am
Exchange-traded funds that track home-building stocks fell on Wednesday, after data showed that new-home sales fell 9.4% in July, a steeper fall...
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Mortgage Executives Arrested for Warehouse Fraud
Aug 23rd, 9:54am
A trio of senior executives at a New York mortgage banking firm have been arrested for allegedly defrauding warehouse lenders.Matthew...
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Worst Annual Pace in 3 Years For New Home Sales
Aug 23rd, 9:50am
Posted To: MND NewsWireNew home sales in July were expected to remain steady after scoring a slight gain in June, instead they plunged to a rate...
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New home sales down 9.4%
Aug 23rd, 9:28am
CNBC's Diana Olick reports the latest read on...
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New home sales plunge 9.4% in July, falling to 7-month low
Aug 23rd, 9:15am
The Commerce Department said on Wednesday new home sales tumbled to the lowest level since December 2016....Read More
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MBS Day Ahead: Bonds Trying to Turn Recent Floor Into a Ceiling
Aug 23rd, 8:25am
Coincidentally, yesterday's Day Ahead talked about "pivot points." Now today, we see a prime example of a pivot point in action....
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Is the Multifamily Built-for-Rent Market Share Falling?
Aug 23rd, 8:16am
After reaching a share of 95% of all multifamily starts at the start of 2017, the market share of rental multifamily starts declined in the second...
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LO Training Product; Upcoming Events; Vendors Partnering Up
Aug 23rd, 8:12am
Trends? A few weeks ago, Ally offered to beat any other lender’s price. And last week 360 Mortgage Group announced a new platform that will...
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Refinance Applications Continue Outperforming Purchases
Aug 23rd, 7:42am
The volume of refinancing applications, shored up by interest rates that remained at seven- and eight- month lows, rose for the fifth time in the...
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Weekly mortgage apps fall 0.5%
Aug 23rd, 7:39am
CNBC's Diana Olick reports on the Mortgage...
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Housing growth happening in lower cost areas: KeyBanc's Kenneth Zener
Aug 23rd, 7:38am
Kenneth Zener, KeyBanc Capital Markets, weighs in...
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Brexit Bulletin: A Wiggly Red Line
Aug 23rd, 7:38am
Bloomberg Brexit Bulletin: A Wiggly Red Line Bloomberg Almost a year ago, U.K. Prime Minister Theresa May pledged to make Britain a "fully...
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Lowe's second-quarter profit jumps 21.6 percent
Aug 23rd, 7:35am
(Reuters) - Lowe's Companies Inc , the No. 2 U.S. home improvement retailer, reported a 21.6 percent rise in quarterly profit on Wednesday as an...
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Changing mortgage deduction would discourage homeownership: Toll Brothers CEO
Aug 23rd, 7:34am
Making changes to the popular mortgage interest rate deduction would be "very bad policy," Toll Brothers CEO Doug Yearley told CNBC on...
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Mortgage Bankers Predict 3 Quarters of Declines
Aug 22nd, 5:26pm
After peaking in the second quarter, the nation's mortgage bankers predict that loan originations will decline each of the following three...
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US Bank Adding 100s of St. Louis Mortgage Jobs
Aug 22nd, 4:24pm
After recently adding more than a hundred jobs in its mortgage division in St. Louis, U.S. Bank, N.A., plans to add hundreds more.While U.S. Bank...
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Cary Burch Joins LoanLogics Board
Aug 22nd, 3:27pm
LoanLogics, a provider of loan quality management and performance analytics, announced that Cary Burch has joined the company’s board of...
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MBS RECAP: With Nothing Better to Follow, Bonds Took Cues From Stocks
Aug 22nd, 3:23pm
Posted To: MBS CommentaryI'm not shy about dismissing the conventional wisdom of bond yields and stock prices following each other. We're...
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Secretary Of State Approves New Electronic Notary Solution Provider
Aug 22nd, 3:21pm
The Office of Secretary of State Mark Martin has announced the addition of Pavaso, Inc. as an electronic notary (eNotary) solution provider for...
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Mortgage interest deduction on the table?
Aug 22nd, 2:44pm
CNBC's Diana Olick reports the latest on if the...
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Fed banks unanimous in keeping discount rate unchanged in July: minutes
Aug 22nd, 2:44pm
WASHINGTON (Reuters) - All of the Federal Reserve's 12 regional banks wanted to hold steady the rate commercial banks are charged for emergency...
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Dow industrials 180-point surge puts benchmark on track for best daily gain in nearly 4 months
Aug 22nd, 2:42pm
The Dow Jones Industrial Average was rallying Tuesday afternoon, with the blue-chip gauge on track to book its sharpest one-day rise in about four...
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Richard Cordray defends CFPB arbitration rule amid speculation he plans to run for Ohio governor
Aug 22nd, 2:42pm
Richard Cordray defends CFPB arbitration rule amid speculation he plans to run for Ohio...
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Mortgage Rates Nominally Higher, But Still Near Long-Term Lows
Aug 22nd, 1:56pm
Posted To: Mortgage Rate WatchMortgage rates rose today, but by a small enough amount that it shouldn't crush too many hopes and dreams. For all...
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PPEs Enhanced Through Integrations
Aug 22nd, 1:41pm
A number of offerings from various mortgage service providers have recently been integrated into multiple product-and-pricing engines. One lender...
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Cashin: Small amount of buying having a disproportionate effect
Aug 22nd, 1:05pm
CNBC's Bob Pisani and Art Cashin of UBS discuss...
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Strategists awaiting Fed's plan for balance-sheet reduction at Jackson Hole
Aug 22nd, 1:05pm
This weekend's Jackson Hole symposium will reveal clues about the Fed's upcoming balance-sheet reduction strategy....Read More
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Radian Improves M.I. Premiums
Aug 22nd, 11:20am
Rate changes being made by Radian Guaranty Inc. will improve mortgage insurance premiums for higher loan amounts, refinances and borrowers with...
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Jared Bernstein Here's why I think tax cuts are not a smart idea
Aug 22nd, 11:09am
James Pethokoukis, AEI and Jared Bernstein, Center...
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Millennial Americans Are Moving to the 'Burbs, Buying Big SUVs
Aug 22nd, 11:01am
Bloomberg Millennial Americans Are Moving to the 'Burbs, Buying Big SUVs Bloomberg Millennials are finally starting their own baby boom...
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High-LTV Guidance Issued for Banks
Aug 22nd, 10:34am
The nation's primary regulator of national banks has clarified lending practices for financial institutions that make residential loans with high...
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D.C. accepting student loan servicer license applications; CT adopts student loan servicing standard
Aug 22nd, 10:22am
D.C. License Applications. The District of Columbia Department of Insurance, Securities and Banking recently started to accept applications and...
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MBS Day Ahead: What's a Pivot Point? Which One to Watch?
Aug 22nd, 9:32am
We have a dedicated primer on pivot points here. But let's look at a timely example with the pivot points we've been tracking in recent...
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Richmond Fed: "Manufacturing Activity in August Remained Little Changed from July"
Aug 22nd, 9:22am
From the Richmond Fed: Reports on Fifth District Manufacturing Activity in August Remained Little Changed from July Reports on Fifth District...
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Home Price Gains Slow on FHFA Index
Aug 22nd, 8:56am
Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA) reported on Tuesday that home prices were up in 48 states and the District of...
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Power of Attorney Changes by State; Tweak LIBOR Rather Than Eliminate?
Aug 22nd, 8:22am
Posted To: Pipeline PressFrom LOs to investors, no matter the real estate market, the story is the same: “Loosen up the credit guidelines...
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Expect Yellen to reaffirm balance sheet reduction at Jackson Hole: JPMorgan's David Lebovitz
Aug 22nd, 7:47am
David Lebovitz, JPMorgan Asset Management global...
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Homebuilder Toll Brothers' profit beats on strong demand
Aug 22nd, 7:38am
U.S. luxury homebuilder Toll Brothers reported a better-than-expected quarterly profit, helped by strong demand for its homes in an improving job...
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Majority of D.C.'s Affordable Housing Benefits Single People and Couples, Not Families
Aug 22nd, 7:37am
Nearly three-quarters of the Inclusionary Zoning units have been for couples or single-member households....Read More
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Mortgage Production Reports Vary Widely
Aug 21st, 5:35pm
Reports of mortgage production continue to roll in -- with some home lenders achieving new milestones, ranking at the top of their local markets...
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MBS RECAP: Was the Eclipse a Market Mover?
Aug 21st, 3:47pm
It's a good thing financial media outlets aren't too shy about covering topics outside the financial sphere because without the eclipse,...
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'Tax reform light' more likely; won't significantly impact 2018 economic growth: Pimc
Aug 21st, 3:21pm
Republicans may be committed to getting tax reform done, but Pimco's Libby Cantrill warned on Monday that getting reform enacted is...
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Closing Bell Exchange: Market warning signs
Aug 21st, 3:20pm
Discussing the current state of the markets with...
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Mortgage Rates Steady at 2017 Lows
Aug 21st, 3:10pm
Posted To: Mortgage Rate WatchMortgage rates held steady to start the new week. This keeps them in line with the best levels since November 2016....
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In One Chart: If the global trading community was just 100 people, this is what it would look like
Aug 21st, 2:11pm
Today's trader looks a lot different than the ones portrayed in Hollywood by the likes of Eddie Murphy and Michael Douglas. But you probably...
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Tax reform a big deal 10 years from now, not short-term: Moody's Mark Zandi
Aug 21st, 1:16pm
Mark Zandi, Moody's Analytics chief economist,...
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Existing Home Sales: Take the Under on Thursday
Aug 21st, 12:54pm
The NAR is scheduled to report July Existing Home Sales on Thursday, August 24th at 10:00 AM ET. The consensus, according to Bloomberg, is that...
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Fed's Big Bond Unwind May Clobber US Stocks, Corporate Debt
Aug 21st, 12:53pm
Bloomberg Fed's Big Bond Unwind May Clobber US Stocks, Corporate Debt Bloomberg Kerry Craig, JPMorgan Asset Management global market...
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Across-the-Board Growth at Guild Mortgage
Aug 21st, 12:03pm
In addition to achieving record loan production, Guild Mortgage Co. boosted the balance of its residential loan servicing portfolio and expanded...
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CMBS Delinquency Improves
Aug 21st, 11:14am
Just one month after surging, the rate of past-due payments on securitized commercial real estate loans improved. Apartment loans are performing...
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Bond Report: Treasury yields slightly lower as investors gear up for Jackson Hole
Aug 21st, 10:56am
Treasury yields fall slightly as bond investors set up for the Kansas Federal Reserve's Jackson Hole symposium, a central banking get-together...
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Fannie to Allow Some Appraisal-Less Transactions
Aug 21st, 10:50am
Like its secondary cousin, the Federal National Mortgage Association will begin allowing some home-purchase financing loans without appraisals.On...
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July Construction Starts Increase 6 Percent
Aug 21st, 10:39am
NEW YORK, Aug. 21, 2017 /PRNewswire/ -- The value of new construction starts in July advanced 6% from the previous month to a seasonally adjusted...
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Higher-Loan-to-Value Lending Guidance Designed to Spur Community Revitalization
Aug 21st, 10:27am
The Office of the Comptroller of the Currency (OCC) today issued a bulletin providing guidance to spur community revitalization through prudent...
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Housing recovery suffers, but don't blame the millennials
Aug 21st, 10:27am
The housing recovery is suffering partly because baby boomers aren't downsizing as they used to--it's getting too expensive....Read More
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U.S. workers have low hopes for higher pay -Fed survey
Aug 21st, 10:14am
NEW YORK (Reuters) - U.S. workers see little hope for higher paychecks, and while they are increasingly searching for new jobs, they expect fewer...
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'Baby boomers' staying put as housing shortage looms
Aug 21st, 10:00am
CNBC's Diana Olick, reports baby boomers are...
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Residential Investment Weighed Down Q2 GDP
Aug 21st, 9:58am
Real residential investment subtracted from GDP in the second quarter of the year to the greatest extent since the third quarter of 2010....
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Larry Kudlow: Low inflation is great; it's the pathway to higher growth and real income
Aug 21st, 9:50am
CNBC Senior Contributor Larry Kudlow discusses...
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Chicago Fed "Index Points to Growth near Historical Trend in July"
Aug 21st, 9:10am
From the Chicago Fed: Index Points to Growth near Historical Trend in July The Chicago Fed National Activity Index (CFNAI) moved down to –0.01 in...
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MBS Day Ahead: Nothing to do With The Eclipse
Aug 21st, 8:56am
Posted To: MBS CommentaryWelcome! Here is a safe haven from all of the eclipse talk. It won't be mentioned at all in this article. Never mind...
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Freddie, Fannie, and Lender Shifts in Appraisal and Inspection Policies
Aug 21st, 8:21am
Posted To: Pipeline PressWhat does $980k buy in the SF suburb of Vallejo, CA? A property designed by Julia Morgan (think Hearst Castle) with...
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Fed vs. ECB at Jackson Hole
Aug 21st, 7:55am
Steven Englander of Rafiki Capital Management...
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Gains for Custom Home Building
Aug 21st, 7:43am
NAHB's analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates ongoing expansion of the volume of...
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Futures flat; White House turmoil, North Korea in focus
Aug 21st, 7:37am
(Reuters) - U.S. stock index futures were flat on Monday, with investors keeping an eye on the White House as well as the tension between the...
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Yellen, Draghi Head to Jackson Hole Amid Inflation Unease
Aug 21st, 7:36am
Bloomberg Yellen, Draghi Head to Jackson Hole Amid Inflation Unease Bloomberg The world's top economists and central bankers gather at...
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MBS RECAP: Bonds Manage to Close 'Unchanged' Despite Some Volatility
Aug 18th, 7:20pm
Posted To: MBS CommentaryIn the Day Ahead, we discussed bond traders' probable goals regarding keeping things as calm as possible. This...
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More 2017 Lows for Rates; More Trump Drama
Aug 18th, 6:54pm
Posted To: Mortgage Rate WatchMortgage rates moved lower again. Drama surrounding the Trump administration was also present. But this time around,...
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Purchases Offset Refi Gain 3rd Consecutive Week
Aug 18th, 6:05pm
For the third week in a row, an increase in cashout-driven refinance activity has been more than offset by deterioration in the volume of purchase...
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Mortgage Lead Generation Advances
Aug 18th, 4:52pm
Mortgage lead providers, which have become more prominent as easy refinance business has diminished, have recently launched new offerings and...
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BMO analyst says to buy stocks over bonds
Aug 18th, 3:12pm
BMO Private Bank's Jack Ablin tells CNBC's...
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Keep your eye on the yield curve: Pro
Aug 18th, 2:13pm
Tom Hainlin, Ascent Private Capital Management at...
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N.Y. Fed raises U.S. third-quarter GDP growth view above two percent
Aug 18th, 2:07pm
NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the third quarter above...
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Sacramento Housing in July: Sales up Slightly YoY, Active Inventory down 18% YoY
Aug 18th, 2:06pm
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 Hutchins Center Explains: The Fed's balance sheet
Aug 18th, 12:57pm
The Federal Reserve's portfolio of Treasury and mortgage-backed securities has more than quadrupled over the past decade. In June, the Fed...
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Stability concerns focus at Fed ahead of Yellen speech
Aug 18th, 12:20pm
WASHINGTON (Reuters) - The stock market's steady rise, still low long-term bond yields and a sagging dollar are girding the Fed's intent to raise...
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Trump decides to remove chief strategist Steve Bannon: New York Times
Aug 18th, 11:52am
White House chief strategist Steve Bannon is leaving the Trump administration....Read More
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Stocks turn higher on report expecting Bannon firing
Aug 18th, 11:20am
CNBC's Bob Pisani reports on the market uptick...
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Why Billionaires Like Trump Take Out Home Loans
Aug 18th, 10:59am
President Donald J. Trump recently paid off the mortgage on a Florida home he owns. But why would a billionaire take out a mortgage in the first...
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Fmr. Fed vice chair: Two-sided coin for the US economy
Aug 18th, 10:21am
Alan Blinder, former Federal Reserve vice chairman,...
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2nd Half Mortgage Refinance Forecast Raised
Aug 18th, 9:59am
The forecast for mortgage refinances during the second half of this year has been increased, though it was at the expense of the second-quarter...
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Freddie Mac to Automate Appraisals for Some Purchase Mortgages
Aug 18th, 9:33am
Posted To: MND NewsWireFreddie Mac announced today that, going forward, not every application for a purchase mortgage will necessarily trigger an...
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Strongest consumer sentiment reading since January 2017
Aug 18th, 9:31am
CNBC's Rick Santelli reports the latest read on...
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As US stocks get slammed, these markets are gaining ground
Aug 18th, 9:27am
As U.S. stocks swoon, emerging markets, and one in particular, are gaining strength, says BNP Paribas' Marcelo Carvalho....Read More
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BLS: Unemployment Rates Unchanged in 46 states in July, Two States at New Series Lows
Aug 18th, 9:27am
From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were higher in July in 3 states, lower in 1 state, and...
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Freddie Mac Puts Price on All-Cash Transactions
Aug 18th, 9:24am
Posted To: MND NewsWireAs investors flooded into the housing market after it collapses, they brought cash with them. At one point, 35 percent of...
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Consumer sentiment hits 97.6 in August vs. 94 estimate
Aug 18th, 9:05am
Economists expected consumer sentiment to reach 94 in August, according to a survey from Thomson Reuters....Read More
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Tool to Eliminate Appraisals on Some Freddie Loans
Aug 18th, 8:59am
A new automated tool from the Federal Home Loan Mortgage Corp. will enable some home buyers to avoid the time and expense of a full appraisal...
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Holidays on Hold in Bond Market Defying Usual August Slowdown
Aug 18th, 8:34am
Holidays on Hold in Bond Market Defying Usual August Slowdown Bloomberg Beaches are far from the minds of many company treasurers this summer as...
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Freddie Mac Introduces Innovative Appraisal Alternative for Home Purchases and Refinances
Aug 18th, 8:03am
Freddie Mac Introduces Innovative Appraisal Alternative for Home Purchases and Refinances...Read More
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Appraisal News; Lock Process Changes; HARP, CRT
Aug 18th, 7:50am
Brad Pitt - a wannabe architect? In 2007, Pitt founded the Make It Right Foundationto build homes for families whose original residences had...
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Yellen to talk financial stability at Jackson Hole symposium
Aug 18th, 7:30am
The "Squawk Box" crew talks about some of...
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Fed's Yellen to Headline Annual Jackson Hole Policy Conference - Bloomberg
Aug 18th, 7:06am
Fed's Yellen to Headline Annual Jackson Hole Policy Conference Bloomberg Federal Reserve Chair Janet Yellen will join European Central...
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US Treasurys rise as US politics, Barcelona attack weigh on sentiment
Aug 18th, 7:05am
U.S. bonds rose as investors turned their attention to turbulence seen in U.S. politics and the terror attack in Europe....Read More
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MBS Day Ahead: Most Traders Thinking "Don't Rock The Boat"
Aug 18th, 6:34am
Posted To: MBS CommentaryA maritime analogy for bond trading in the Summertime... In the summer months especially, there's a boat-friendly...
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Mortgage Rates Dip, Could Fall Further
Aug 17th, 5:19pm
A modest week-over-week drop was reported for fixed rates on residential loans, and an even bigger decline is likely in the next...
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MBS RECAP: Introducing The "Snow Cohn"
Aug 17th, 5:01pm
What do you get when bond markets embark on a snowball rally due to headlines concerning Trump's Economic Advisor Gary Cohn? A...
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Trump Administration Drama Pushing Rates Even Lower
Aug 17th, 4:17pm
Posted To: Mortgage Rate WatchMortgage rates fell yesterday in response to a tweet about Trump disbanding his councils of CEOs. Twitter was in...
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Blackstone to acquire Harvest Fund Advisors
Aug 17th, 4:14pm
Blackstone Group LP said late Thursday it agreed to acquire Harvest Fund Advisors LLC for an undisclosed sum. Harvest Fund, which manages more...
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Cashin: Watch bond yields and oil
Aug 17th, 4:13pm
Art Cashin, Director of Floor Operations at UBS,...
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Mortgage Refinance Forecast Raised Over $40 Bil
Aug 17th, 3:30pm
The latest real estate finance forecast has mortgage refinance production for this year and next year up by more than $40 billion from what was...
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Do's and Don't's For Divorce Attorneys (and Their Clients Owning Real Estate)
Aug 17th, 3:25pm
Posted To: Community CommentaryAs a mortgage loan officer, I typically work with home buyers who are moving up, buying their first house, or...
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Freddie Mac August 2017 Outlook
Aug 17th, 3:12pm
Freddie Mac August 2017 Outlook...Read More
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CoreLogic - Don't Overlook Rates in Affordability Discussions
Aug 17th, 2:33pm
Although homes are about as afforable as they were pre-2008, the rate at which their prices are increasing is cause for concern. Andrew...
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New Low for HARP Volume as GSE Refis Ascend
Aug 17th, 1:55pm
Monthly refinances of government-sponsored enterprise mortgages increased, though the government-supported refinance program is barely active.Data...
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CFPB issues reports on student loan repayment and repayment assistance programs
Aug 17th, 1:26pm
The CFPB has issued two new reports concerning student loans.  The first report, “CFPB Data Point: Student Loan Repayment,”...
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Wall Street's 'fear gauge'--the VIX--jumps 23% amid falling Dow, Barcelona terror att
Aug 17th, 1:25pm
A widely followed gauge of fear and volatility on Wall Street spiked in Thursday afternoon trade, underscoring a sudden pickup of worry amid...
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Million-Dollar Neighborhoods Proliferate
Aug 17th, 1:25pm
Areas where at least 10% of homes are worth seven figures jumps by more than 30% since 2014....Read More
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Industry Veteran Named President of IndiSoft
Aug 17th, 1:14pm
IndiSoft, a technology development firm that specializes in systems for the financial services industry, has named Camillo Melchiorre...
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Radian Integrates With Path To Offer MI
Aug 17th, 1:08pm
PathSoftware’s  Path LOS is now integrated with Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc....
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Huge Board Shakeup at Wells Fargo
Aug 17th, 12:56pm
Wells Fargo & Co., the biggest U.S. originator of mortgages, will soon see the departure of three members of its board of directors --...
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Kocherlakota: Yellen should refuse reappointment
Aug 17th, 11:22am
CNBC's Steve Liesman reports on tweets from...
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Freddie Mac Statement on HARP Extension and Modifications to Forthcoming High LTV Refinance Program
Aug 17th, 11:22am
Freddie Mac Statement on HARP Extension and Modifications to Forthcoming High LTV Refinance Program...Read More
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Mortgage Rates Drop Again
Aug 17th, 11:22am
Mortgage Rates Drop Again...Read More
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White House: Rumors of Gary Cohn's resignation '100% false'
Aug 17th, 11:21am
The White House strongly denied rumors that National Economic Council Director Gary Cohn might leave the Trump administration....Read More
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Outside the Box: Crowdfunded real-estate investments
Aug 17th, 11:21am
Investments range from multifamily developments and shopping centers to micro-unit residences and self-storage facilities, and can be in urban or...
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HARP Extend Despite Diminishing Volume
Aug 17th, 11:17am
The government-funded refinance program for borrowers on government-sponsored enterprise mortgages with little equity has been extended despite...
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3 Mortgage Firms Among US' 500 Fastest Growing
Aug 17th, 10:05am
Three mortgage businesses were among the 500 most rapidly growing companies in America. A few more residential lenders were among the 5,000...
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Earlier: Philly Fed Manufacturing Survey "region continued to advance" in August
Aug 17th, 9:54am
Earlier from the Philly Fed: August 2017 Manufacturing Business Outlook Survey Manufacturing conditions in the region continued to advance in...
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Home Sales Fell 3.5 Percent in July, the 22nd Consecutive Month to Post an Inventory Decline
Aug 17th, 9:41am
Home prices increased 6.8 percent from last year The post Home Sales Fell 3.5 Percent in July, the 22nd Consecutive Month to Post an Inventory...
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MBS Day Ahead: Trader Ghost Town Greases Skids For Volatility
Aug 17th, 9:22am
Posted To: MBS CommentaryWith this morning's econ data already out and having no effect on bond markets, the only other report for the week is...
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Refis Enjoy Nice Bounce Thanks to Lowered Rates
Aug 17th, 9:04am
Posted To: MND NewsWireThere is still life left in refinancing. While at nowhere near the levels of a few years ago, Ellie Mae's Origination...
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Industrial production up 0.2%
Aug 17th, 8:53am
"Squawk Box's" Becky Quick has the...
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Initial jobless claims drop 12K to 232,000
Aug 17th, 8:53am
CNBC's Rick Santelli breaks down the latest...
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A Gary Cohn resignation would 'crash the markets,' management guru Jeffrey Sonnenfeld says
Aug 17th, 8:51am
Investors are counting on Trump aide Gary Cohn to help push through tax reform, Jeffrey Sonnenfeld tells CNBC....Read More
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US stock futures lower as markets mull the Trump CEO fallout drama
Aug 17th, 8:51am
The Dow on Thursday logged its fourth positive session in a row. The S&P 500 and Nasdaq were riding gains in three of the past four...
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Most D.C. Renters Plan On Leaving Rather Than Settling Down
Aug 17th, 8:51am
The lack of affordable options is driving residents out of the city....Read More
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Single-Family Rents Increase in June 2017
Aug 17th, 8:51am
Rent growth has decelerated since its February 2016 peak....Read More
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Townhouse Construction Flat
Aug 17th, 8:51am
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction starts have...
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Schwarzman and CEOs dispute Trump's account of who disbanded their policy forum
Aug 17th, 8:51am
Blackstone's Steve Schwarzman, who chaired the group, thought he had an agreement with the White House to announce the disbanding as a joint...
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U.S. jobless claims fall to near six-month low
Aug 17th, 8:51am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further...
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Industrial Production Increased 0.2% in July
Aug 17th, 8:50am
From the Fed: Industrial production and Capacity Utilization Industrial production rose 0.2 percent in July following an increase of...
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State-Level Licensing Law Changes; TRID-Related Process Changes
Aug 17th, 8:38am
What will buildable land in Las Vegas set you back? The math is pretty easy: Toll Brothers has acquired 10 acres of vacant land at a once-bankrupt...
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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 ratesdroppedtoday 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 ratesheld near the lowest levels since November 2016today, 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, Kor