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MBS RECAP: Still a Decent Week Despite Friday Slide
4/16/2021 4:21 PM
Posted To: MBS CommentaryStill a Decent Week Despite Friday Slide Thursday morning was exceptionally strong for bonds--perhaps too strong, with too much influence from artificial factors like short-covering and tech-triggered algos. Today's modest weakness reinforces a more sober assessment of the rece...Read More
Best 2 Weeks For Rates in Nearly a Year
4/16/2021 3:55 PM
Posted To: Mortgage Rate WatchThe bond market has been pointing toward higher rates since last August. Mortgage rates were able to defy that trend at first, but finally began spiking in the new year. February and March were two of the worst back-to-back months in years. The higher rates went, the more likely it...Read More
Housing Starts Reach Highest Levels Since 2006
4/16/2021 10:34 AM
Posted To: MND NewsWireResidential construction recovered in March after a serious decline the prior month. The U.S. Census Bureau and Department of Housing and Urban Development said all three measures rose, with housing starts hitting a 15 year high . Some regional increases topped 100 percent. Permits for residential ...Read More
COVID-19 Forbearance Decline Hits Mid-Month Lull
4/16/2021 10:23 AM
Posted To: MND NewsWireThere was little change in the number of active forbearance plans over the past week, but Black Knight reminds, in its regular Friday report, that this it was simply another mid-month lull as servicers finished processing the prior month"s expired plans. Even so, the number of plans did decline for...Read More
New Home Purchase Applications Ramping up for Spring
4/16/2021 10:16 AM
Posted To: MND NewsWireTrue to tradition, new home sales appear to have moved higher in March as the calendar closed in on the start of the spring market. The Mortgage Bankers Association (MBA) estimates sales of newly constructed homes increased by 7 percent compared to February and are 12 percent higher than a year ear...Read More
Lock Desk, MLO, Underwriter Jobs; POS, Workflow, Digital Tools; Agency"s Trend: Not Our Friend?
4/16/2021 9:48 AM
Posted To: Pipeline PressSuddenly everyone’s ruminating on upcoming mergers and acquisitions (and there will definitely be some), but in the lower management ranks, lenders are already shifting their hiring practices , and taking a careful measure of production and productivity. Will w...Read More
MBS Day Ahead: This Is The Shift. Now It"s About Time and Scope
4/16/2021 9:06 AM
Posted To: MBS CommentaryFor virtually all of 2021 (and much of Q4 2020), we've been tracking an uptrend in Treasury yields. As the overall move grew to a size rarely seen in the past few decades, we were increasingly eager to see a token correction for technical reasons (i.e. selling sprees can hibern...Read More
Mortgage Rates Falling Quickly to Lowest Levels in Weeks
4/15/2021 3:50 PM
Posted To: Mortgage Rate WatchIt"s no secret that mortgage rates had a rough month in March and a rough year in general. The average lender raised 30yr fixed rates by roughly half a percent in February and March alone. But April has proven to be an entirely different sort of month so far. In the past 2 weeks, r...Read More
MBS RECAP: Snowball Rally For Bonds! Why? And What Next?
4/15/2021 2:56 PM
Posted To: MBS CommentarySnowball Rally For Bonds! Why? And What Next? Heading into today, we expected the bond market to ignore potentially stronger Retail Sales data. Not only did bonds overlook the big beat (9.8 vs 5.9 f'cast), but they actually rallied in response. This was made all the more remark...Read More
Buyer Demand Provides Modest Boost to Builder Confidence
4/15/2021 10:22 AM
Posted To: MND NewsWireNew home builders seem to be slowly getting their mojo back. After recovering from the hit they took in the first days of the pandemic, they encountered labor shortages, supply chain issues, and rising material costs. The National Association of Home Builders (NAHB) said that builder confidence in ...Read More

Small Business Stories from New York Times:
Another Unlikely Pandemic Shortage: Boba Tea
4/16/2021 1:28 PM
The popular drink’s main ingredient, tapioca pearls, could soon be in short supply because of delays in unloading cargo ships from Asia...Read More
The Best Vegan Cheeses Defy Expectations
4/16/2021 2:03 PM
Cheesemakers are pushing the boundaries of cultured, plant-based milks, producing more compelling vegan cheeses than ever before...Read More
Estelle Colored Glass Had a Big Year
4/14/2021 5:50 PM
Stephanie Hall, the founder of Estelle Colored Glass, wants to brighten up your cabinet of coupes and wine glasses...Read More
In Iraq, Drought and Abundance in the Mesopotamian Marshes
4/12/2021 4:00 AM
Once vengefully drained by Saddam Hussein, the wetlands in southeastern Iraq have since been partially restored. Now the region and its isolated settlements face a new set of challenges...Read More
China"s Anger at Foreign Brands Helps Local Rivals
4/6/2021 11:57 PM
Chinese rivals to Western names have improved quality and marketing. Now the country’s defiance could give them an edge with young patriots...Read More

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