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Todays News Stories:

Todays News Stories:
MBS Day Ahead: Bonds Consider New Resistance as Week Winds Down
7/18/2019 7:48 AM
Posted To: MBS CommentaryIn the day just passed, bonds enjoyed one of their best rally days in recent weeks as the stock market endured its 2nd weakest day since May. Stocks weren't the exclusive motivation, but there's no way to pin down cause and effect without descending into conjecture. Leading...Read More
Construction, Broker Products; Lender Flood News; State Farm/Rocket Mortgage
7/18/2019 7:46 AM
Posted To: Pipeline PressThere’s a lot going on out there! Rocket Mortgage is creating new technology that will allow the State Farm agents to offer a Rocket Mortgage loan as a licensed loan originator. Some accounting staff believe their prayers have been answered regarding CECL. The ...Read More
June Closing Rates Highest in 8 Years
7/18/2019 7:37 AM
Posted To: MND NewsWireClosing rates for mortgage loans were at the highest level in June since Ellie Mae began collecting the data in 2011. The company, in its June Origination Insight Report , said 76.8 percent of all loans closed , up from a rate of 75.6 percent the previous month. Closing rates on purchase loans hit ...Read More
NAR Reports Sharp Drop in International Home Purchases
7/18/2019 7:24 AM
Posted To: MND NewsWireThere was a huge decline in foreign investment in U.S. real estate during the 12 months ending with the first quarter of 2019. The National Association of Realtors® (NAR) said the reduction was evident in both the purchases of resident (i.e. recent immigrants) and non-resident foreign buyers an...Read More
Mortgage Rates Drop as Bond Gains Accelerate
7/17/2019 4:27 PM
Posted To: Mortgage Rate WatchMortgage rates improved today, depending on the lender and the time of day! Underlying bond markets were only modestly stronger in the morning. As such, the average lender only offered modest improvements over yesterday"s rates at first. But as the day progressed, market volatility...Read More
MBS RECAP: Stocks" Mini-Meltdown Helps Bonds Rally Big
7/17/2019 4:26 PM
Posted To: MBS CommentaryWhat began as a rather unassuming summertime Wednesday quickly turned in to one of the biggest rally days in weeks for bonds. 10yr yields moved more than 6bps lower to end the day well under the important 2.06% technical level and Fannie 3.0 MBS gained a quarter of a point. Althoug...Read More
June Construction Numbers Tried to Hang on, But Failed to Impress
7/17/2019 10:25 AM
Posted To: MND NewsWireThe residential construction numbers in June were expected to come in largely in the same neighborhood as in May. Analysts however got it only half right. While starts fell fractionally, permits took a dive, falling by 6.1 percent compared to the previous month. The U.S. Census Bureau and Departmen...Read More
Comp, Broker, Compliance Exam Products; F&F Changes; The Fed and Rates
7/17/2019 9:04 AM
Posted To: Pipeline PressI encounter plenty of people in the mortgage biz, from part-time receptionists to owners, who are focused on helping consumers. It’s a good thing! And they ask me about consumer education. (“Have you ever heard of a class for anyone on home buying or the ...Read More
MBS Day Ahead: Bonds Trying to Shake Off Last Week"s Bad Vibes
7/17/2019 8:23 AM
Posted To: MBS CommentaryIn the day just passed, a strong Retail Sales report kept the pressure on bond markets to remain in the negative trend that prevailed last week. Yields have been moving progressively higher since the June 5th jobs report catalyzed a confirmed break of a narrow, consolidation patter...Read More
Fannie Mae Sees Economic Slowdown...Slowing
7/17/2019 7:34 AM
Posted To: MND NewsWireThis month marks the tenth anniversary of the current expansion. How much longer can it last? Fannie Mae"s July Economics Development report indicates it has a way to go, although likely at a slowing pace. The second quarter of 2019 has just ended, but Fannie Mae"s ESR Macroeconomic Forecast team e...Read More

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