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MBS RECAP: Bond Yields Struggle to Break Last Week's Floor
Blog 11 hours ago
MBS RECAP: Bond Yields Struggle to Break Last Week's Floor

There were no significant economic reports or events today, and only a few newsworthy developments.  The biggest of these also happened the...

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Mortgage Rates Unchanged to Begin Week
Blog 12 hours ago
Mortgage Rates Unchanged to Begin Week

Mortgage rates held steady today, which is better than what could be said for most of last week when rates shot up to the highest levels in 7 years...

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Will 'Freeing' Fannie/Freddie Improve Housing Finance?
Blog 12 hours ago
Will 'Freeing' Fannie/Freddie Improve Housing Finance?

In a prior article we summarized the options the Trump Administration might utilize to reform the residential mortgage financing system should...

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Lenders: Income Verification Needs for 'Gig' Economy
Blog 16 hours ago
Lenders: Income Verification Needs for 'Gig' Economy

Late last year Fannie Mae included questions in one of its National Housing Surveys about working in the "gig" economy.  About a fifth of...

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Automated Construction- Robot Frames Small Home in Two Days
Blog 17 hours ago
Automated Construction- Robot Frames Small Home in Two Days

Last week the National Association of Home Builders (NAHB) reported that severe shortages of construction tradespeople were slowing homebuilding...

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MBS Week Ahead: Holiday-Shortened Week. Time For Consolidation?
Blog 18 hours ago
MBS Week Ahead: Holiday-Shortened Week. Time For Consolidation?

Much like last week, this week's event calendar is limited in terms of top tier data and events, but nonetheless carries the potential for...

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MBS RECAP: Nothing to be Mad About, But...
Blog 3 days ago
MBS RECAP: Nothing to be Mad About, But...

Bonds rallied today for the first time all week, and fairly well at that!  10yr yields fell more than 5bps and Fannie 3.5 MBS rose nearly 3/8ths of...

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Temporary Factors Help Mortgage Rates... Temporarily
Blog 3 days ago
Temporary Factors Help Mortgage Rates... Temporarily

Mortgage rates caught some small semblance of a break today.  If it's not apparent based on that assessment in conjunction with the headline, the...

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MBS Day Ahead: What Is a Short Squeeze And How Could It Help Us?
Blog 3 days ago
MBS Day Ahead: What Is a Short Squeeze And How Could It Help Us?

The notion of 'positions' is extremely important to the bond market (and to any market for that matter).  At the most basic level, a LONG position...

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NAR Curtails Earlier Home Sales Estimates
Blog 3 days ago
NAR Curtails Earlier Home Sales Estimates

In the face of continuing inventory shortages, declining consumer sentiment in favor of buying a home, and concern about the homeownership impacts...

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MBS RECAP: Bonds Still On The Ropes
Blog 4 days ago
MBS RECAP: Bonds Still On The Ropes

Today was the calmest of the past 3 days of craziness, although the higher-than-average volume suggests things are still happening behind the...

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Mortgage Rates Are Actually Higher Than You've Heard
Blog 4 days ago
Mortgage Rates Are Actually Higher Than You've Heard

It's Thursday, which is when Freddie Mac's weekly Mortgage rate survey comes out. The survey is the most widely quoted source material for major...

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MBS Day Ahead: Great News! Maybe...
Blog 4 days ago
MBS Day Ahead: Great News! Maybe...

It's been pretty doomy and gloomy around here so far this week, what with the spike to the highest 10yr yields in nearly 7 years and what not.  So...

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White House Could Preempt Congress' Inaction on GSEs
Blog 4 days ago
White House Could Preempt Congress' Inaction on GSEs

Two noted economists seem to be holding little hope that Congress will take up in any way changing the status quo of the government-sponsored...

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Rising Rates Tilt Origination Composition
Blog 4 days ago
Rising Rates Tilt Origination Composition

The interest rates on loans that closed in April were the highest since Ellie Mae started tracking data in 2011.  According to the company's...

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MBS RECAP: Mostly an Aftershock For Yesterday's Bond Rout
Blog 5 days ago
MBS RECAP: Mostly an Aftershock For Yesterday's Bond Rout

If you happened to be out of the office yesterday, 10yr yields finally broke out of their most recent consolidation pattern and moved quickly to...

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Rates Inch Further Into Long-Term Highs
Blog 5 days ago
Rates Inch Further Into Long-Term Highs

Mortgage rates spiked to 7-year highs yesterday.  While today's move was nowhere near the same size, it was in the same unfriendly direction.  That...

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The Economy, Employment, Rising Home Prices Whittle Away at Delinquencies
Blog 5 days ago
The Economy, Employment, Rising Home Prices Whittle Away at Delinquencies

Improving loan performance doesn't make headlines any longer, but worth noting that the improvement is still good news.  The Mortgage Bankers...

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Housing Starts Weakened as Expected in April
Blog 5 days ago
Housing Starts Weakened as Expected in April

The leading construction indicators performed generally as analysts had predicted in April, stepping back from March's solid increases in both...

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MBS Day Ahead: Without Yesterday, Today would look Awful
Blog 5 days ago
MBS Day Ahead: Without Yesterday, Today would look Awful

Today is starting out with just a hint of green on the screens.  While that's certainly much better than the alternative (some historical examples...

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Refi Applications at 8-Year Low
Blog 5 days ago
Refi Applications at 8-Year Low

Mortgage activity slowed again last week. The Mortgage Bankers Association said its Market Composite Index, which measures the volume of mortgage...

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MBS RECAP: Bonds Tank; Yields Surge Past 2014 Highs
Blog 6 days ago
MBS RECAP: Bonds Tank; Yields Surge Past 2014 Highs

July 8, 2011.  That's how far you'd have to go back to see higher 10yr yields than we saw today.  At their worst, they were at 3.0945%.  At the...

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Mortgage Rates Jump to 7-Year Highs
Blog 6 days ago
Mortgage Rates Jump to 7-Year Highs

Mortgage rates spiked in a big way today, bringing some lenders to the highest levels in nearly 7 years (you'd need to go back to July 2011 to see...

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Builder Confidence Perks Up After Three-Month Slide
Blog 6 days ago
Builder Confidence Perks Up After Three-Month Slide

The National Association of Home Builders (NAHB) and Wells Fargo said on Tuesday that builder confidence in the new home market ticked up two...

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MBS Day Ahead: Since The 1980's, Only 3 Other Days Like Today
Blog 6 days ago
MBS Day Ahead: Since The 1980's, Only 3 Other Days Like Today

I hate clickbait with a passion.  Today's title might sound like clickbait.  Do I really expect you to believe that there have only been 4 days...

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Marketing Products; Training on Underwriting, Compliance, and Business Income
Blog 6 days ago
Marketing Products; Training on Underwriting, Compliance, and Business Income

Legal eagles out there are buzzing about PHH deciding not to appeal the U.S. Court of Appeals for D.C.’s January decision in its CFPB challenge....

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MBS RECAP: Impressionable Bonds Hit by Central Bank Comments and Issuance
Blog 1 week ago
MBS RECAP: Impressionable Bonds Hit by Central Bank Comments and Issuance

Low volume and lighter-than-normal liquidity left US bond markets more impressionable than normal today.  Or perhaps it IS normal given that it's a...

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Mortgage Rates Sideways But Market Says They Shouldn't Be
Blog 1 week ago
Mortgage Rates Sideways But Market Says They Shouldn't Be

Mortgage rates were sideways to slightly higher today, and that's actually a strong showing considering what transpired in underlying bond markets....

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Home Prices Driven up by Inventories, Again
Blog 1 week ago
Home Prices Driven up by Inventories, Again

Not only did the pace of home price increases quicken nationally during the first quarter of 2018, but the National Association of Realtors (NAR)...

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MBS Day Ahead: Amid Quiet Week, Bonds Try Again
Blog 1 week ago
MBS Day Ahead: Amid Quiet Week, Bonds Try Again

This week's economic calendar is generally on the quiet side with Retail Sales being the only upper-echelon report in terms of its potential impact...

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