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MBS RECAP: Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths
9/25/2020 2:50 PM
Posted To: MBS CommentaryTreasuries, MBS Back on Same Page After 2 Weeks On Different Paths MBS prices were generally losing ground, albeit at a modest pace, over the past two weeks. That's no big deal in and of itself, but Treasuries were doing the opposite (modest gains over the same 2 weeks). As of ...Read More
Stellar Housing Data; Rates Inching Lower
9/25/2020 2:50 PM
Posted To: Mortgage Rate WatchMortgage Rate Update Considering this week"s generally positive drift in rates, we shouldn"t expect lenders to get less busy any time soon. In recent weeks, there"s been a sense that mortgage pricing seems just a little bit "off" compared to expectations. Those expectations are pri...Read More
Forbearances Ending at a Faster Pace
9/25/2020 9:55 AM
Posted To: MND NewsWireBlack Knight said its weekly forbearance survey found the number of mortgages in active forbearance decreasing at an accelerated rate. Those mortgages fell by 2.6 percent or 95,000 loans over the last week, bring the decline over the last month to 357,000 loans. It was the fifth straight week of im...Read More
MBS Day Ahead: Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths
9/25/2020 9:09 AM
Posted To: MBS CommentaryBear with me while I'm forced to crank up the power on my analytical microscope in order to find anything interesting to say about one of the least volatile bond market trends we've ever seen. None of what we're about to discuss would make the cut in terms of relevance ...Read More
70% of Freddie"s Portfolio Suggests Refis Aren"t Dead
9/25/2020 8:44 AM
Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 27.7 percent in August compared to a 20.0 percent gain in July. The portfolio balance at the end of the period was $2.533 trillion compared to $2.476 trillion the prior month and $2.275 trillion a ye...Read More
FHFA"s Official Report on Q2 Mortgage Relief Numbers
9/25/2020 8:37 AM
Posted To: MND NewsWireIn its 2 nd quarter Foreclosure Prevention and Refinance Report the Federal Housing Finance Agency (FHFA) says it has helped almost 4.7 million distressed homeowners since it became conservator of the GSEs Fannie Mae and Freddie Mac in August 2008. Over 250,000 of them took place in the second quar...Read More
Sales and Ops Jobs; Marketing and Credit Products; Cybercrime Update; Watching the Stimulus Quagmire
9/25/2020 8:13 AM
Posted To: Pipeline PressTGIF! Do Fridays mean as much as they did up until mid-March? Yes! Well, maybe. How about some non-mortgage stuff? There is, after all, life outside of RESPA. It’s crazy at the nursery via webcam at the Warrior Canine Puppy Live (although sometimes they let the...Read More
MBS RECAP: MBS Outperform; Bonds Stay Defiantly Sideways Overall
9/24/2020 2:14 PM
Posted To: MBS CommentaryMBS Outperform; Bonds Stay Defiantly Sideways Overall The stock market tried a few different moves on the bond market today and while correlation is still visible at times, Treasuries generally refused to be dragged very far from home. MBS did just a bit better, benefitting from li...Read More
New Home Sales Crush Forecasts, Soaring to 14-Year Highs
9/24/2020 10:54 AM
Posted To: MND NewsWireOnce again new home sales exceeded expectations, this time by a lot. Sales of newly built homes rose 4.8 percent in August, to a seasonally adjusted annual rate of 1.011 million. That puts sales an astounding 43.2 percent higher than they were the previous August. It was the sixth straight month of...Read More
MBS Day Ahead: Where Would We Be Without Stocks?
9/24/2020 8:52 AM
Posted To: MBS CommentaryIt's no secret that the bond market has been sideways for a month and a half by even the strictest definitions, and broadly sideways since first settling down from the initial covid-related volatility in March. In terms of specific levels, that's .63 - .79 for 10yr yields s...Read More

Small Business Stories from New York Times:
The Cradle of Global Bagel Baking? (It’s Not New York)
9/22/2020 9:12 AM
A self-taught baker in New Jersey is helping entrepreneurs all over the world, many with not even a schmear of experience, to open bagel shops...Read More
Surviving Fashion’s Summer From Hell
9/23/2020 11:38 PM
Tibi is giving pandemic-era lessons in personal style, and finding new paths forward for its business...Read More
Inside the Social World of Shift-Scheduling Apps
9/18/2020 2:49 PM
There’s no such thing as remote restaurant work. But there is HotSchedules...Read More
A Covid Surcharge on Restaurant Checks? Some Owners Are Wary
9/17/2020 3:34 PM
New York City will soon let restaurants add a temporary charge of up to 10 percent as help in the pandemic, but reaction in the business is divided...Read More
The Perfect Moment for Vegan Tacos
9/15/2020 9:57 AM
Hibiscus asada, vegetable trompos and nutty chorizos — thanks to creative cooks in Los Angeles, meatless tacos are thriving in the pandemic era...Read More

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