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Mortgage Rates Hold Steady
5/27/2020 3:56 PM
Posted To: Mortgage Rate WatchMortgage rates managed to stay sideways today after beginning the week with a move higher yesterday. This is a victory all things considered. Rates take guidance from multiple sources. When it comes to mortgages, the prices of mortgage-backed bonds are the key ingredients in determ...Read More
 
Freddie"s Loan Portfolio on Pace to Increase by 14.3 Percent This Year
5/27/2020 9:35 AM
Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 14.3 percent in April, up from a 9.2 percent gain in March and the largest rate since December. The portfolio balance at the end of the period was $2.396 trillion compared to $2.368 trillion at the e...Read More
 
MBS Day Ahead: Rising Rate Trend Intact, But Motivation is Required
5/27/2020 8:17 AM
Posted To: MBS CommentaryToday's first chart shows the trend we've been following in 10yr Treasury yields. It is pointed in an unfriendly direction (i.e. "up"), but at a fairly gentle pace in the bigger picture. Even then, such trends are by no means crystal balls. At best, they can provi...Read More
 
LO Jobs; Servicing, DPA, CRM Products; Warehouse Deal News; More Investor Changes
5/27/2020 8:05 AM
Posted To: Pipeline PressMaking the rounds is, “The spread of Covid-19 is based on two factors. #1: How dense the population is. #2: How dense the population is.” As a nation, we remain divided on virtually everything about COVID. There is well-written article on how half the cal...Read More
 
Home Purchase Apps Highest Since January
5/27/2020 7:50 AM
Posted To: MND NewsWirePurchase mortgage applications rose for the 6 th straight week, driving the Mortgage Bankers Association"s Market Composite Index back into positive territory. The Index, a measure of mortgage loan application volume, increased 2.7 percent on a seasonally adjusted basis during the week ended May 22...Read More
 
Mortgage Rates Moving Higher to Start New Week
5/26/2020 3:09 PM
Posted To: Mortgage Rate WatchMortgage rates hit new all-time lows last week. In fact, for many lenders, records were broken on more than one day. That raised the risk of a bounce back this week and if today is any indication, that"s what we"re seeing. The average lender is back in line with last Tuesday"s rate...Read More
 
April New Home Sales Crush Forecasts
5/26/2020 10:27 AM
Posted To: MND NewsWireNew home sales, rather than dropping like a rock, rose 0.6 percent in April according to the U.S. Census Bureau and the Department of Housing and Urban Development. Part of the gain is due to a revision of the March sales numbers from an original estimate of 627,000 seasonally adjusted annual units...Read More
 
Home Prices Still Moved Higher in March
5/26/2020 9:40 AM
Posted To: MND NewsWireEven as the COVID-19 pandemic began to hobble home sales in many locations, home prices continued to increase. the Federal Housing Finance Agency"s (FHFA"s) House Price Index (HPI) held to its 5.7 percent gains the prior month while the S&P CoreLogic Case-Shiller U.S. Home Price Indices posted ...Read More
 
MBS Week Ahead: Beatings Can Continue Until Market Morale Deteriorates
5/26/2020 8:07 AM
Posted To: MBS CommentaryNo need to overcomplicate the current narrative: the overall financial market is attempting to balance the reopening of the economy with the risk of COVID resurgence, all the while receiving a boost from massive global stimulus efforts. No matter how pessimistic anyone wants to be ...Read More
 
Broker, eSign, Marketing Products; USDA, FHA, Freddie, Fannie News and Trends
5/26/2020 7:43 AM
Posted To: Pipeline PressI doubt if I have ever pressed “7” or “8” on my microwave oven keypad. Speaking of 7 & 8 (I know, a weak segue), originators are keenly aware of what builders are seeing, economy-wise, and 78 percent of them did not lower their prices in A...Read More




Small Business Stories from New York Times:
 
In Quarantine, Restaurant Recipes Are Postcards From Another Time
5/26/2020 7:27 PM
Our critic hasn’t eaten out in more than two months. But recipes can let us recapture certain tastes and moments, and remember how a restaurant meal can enchant...Read More
 
Keeping Clients Fit During the Pandemic by Going Virtual
5/26/2020 10:30 AM
What to do with a business that involves close physical contact with clients? Innovate and, if you’re lucky, grow — but at a distance...Read More
 
Saying Goodbye to Elizabeth Suzann
5/21/2020 4:00 AM
A cult label that kept things slow and simple...Read More
 
After Coronavirus, Office Workers Might Face Unexpected Health Threats
5/20/2020 8:26 PM
Stagnant plumbing systems in emptied commercial buildings could put returning employees at risk of Legionnaires’ and other illnesses...Read More
 
The New Face of Restaurant Hospitality Wears a Mask
5/18/2020 1:42 PM
As dining rooms slowly reopen, owners are scrambling to reduce risks and reassure customers with an array of gear. Face coverings lead the way...Read More



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