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- The 20 home and kitchen appliance deals of Black Friday 2018 worth buying
- Cards Against Humanity is selling a car, a Fiji vacation and a Picasso lithograph for less than $100 for Black Friday
- 3 more cases of E. coli illness from romaine lettuce confirmed in Canada
- Planned Chicago store closures by Target spark protest
- United Tech Breakup on the Table After Wrapping $23 Billion Deal
NEWS & UPDATES
Brutal Week For Rates But There's Hope (Hopefully)
Posted To: Mortgage Rate WatchRising rates have been on the menu for months, but the drama kicked into a higher… Read more »MBS RECAP: Nice Bounce! Now What?
Posted To: MBS CommentaryNice Bounce! Now What? - An early bounce turned into an even bigger, friendlier bounce at the… Read more »Forbearances Post Typical Mid-Month Increase
Posted To: MND NewsWireBlack Knight reports a second increase in the number of loans in pandemic related forbearance plans in… Read more »- Redfin CEO likens housing inventory crunch to ‘Soviet-era supermarket’The number of home listings collapsed to the lowest level on record, leaving “nearly all of the shelves empty,” Glenn… Read more »
- Remax-affiliated Motto Mortgage doubles originations in 2020The mortgage brokerage franchisor added 30 operating offices and had its best year yet for unit sales. Read more »
- People on the move: Feb. 26Homepoint Financial creates chief diversity and inclusion officer position, PennyMac appoints CEO to two chairman roles and more of the… Read more »
Lenders Hiring MLOs; Correspondent, Tech, Servicing, Tech Products; What you Should Know About Yesterday's Rate Move
Posted To: Pipeline PressHuh? Rates don’t continually go down and then stay there for an indefinite period of time? No,… Read more »Freddie Mac's 12-Month Portfolio Growth Nears Half Trillion
Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 16.1… Read more »Fannie/Freddie COVID Programs Extended to Match FHA, VA Deadlines
Posted To: MND NewsWireDeadlines for COVID-19 related relief for borrowers with Fannie Mae and Freddie Mac (GSE) mortgages were extended… Read more »- 3 questions for homeowner education expert Danielle SamalinFramework Homeownership CEO Danielle Samalin answered FP’s queries about advising clients who are buying their first homes. Read more »
- Rocket Mortgage rides housing boom to 277% profit increaseBut profitability may have peaked. Rocket reported a 4.41% profit margin on newly originated loans last quarter but told investors… Read more »
- Why getting e-closing technology is just half the battleThe automation is more prevalent but the net adoption rate is low, the Stratmor Group found. Read more »
Mortgage Rates Are Now Well Over 3 Percent
Posted To: Mortgage Rate WatchMortgage rates WISH they were still at 2.97%--the number conveyed today by Freddie Mac's weekly survey.… Read more »- Zombie foreclosures dwindle in 1Q but could be on ‘thin ice’While foreclosure moratoria keep the overall numbers down, zombie foreclosure rates jumped in the majority of states, according to Attom… Read more »
MBS RECAP: Video Time Corresponds With Market Drama (Today's is 22 min.)
Posted To: MBS CommentaryJust When You Thought It Wouldn't Get Much Worse Staggeringly weak day for bonds. 2.0 MBS coupon… Read more »- Gauge of U.S. pending home sales declines to a six-month lowA gauge of U.S. pending home sales fell to a six-month low in January as buyers competed for a limited… Read more »
- Appraisal fintech reports spike in use amid Texas storm damageWith extreme winter weather about to give way to ballooning insurance and mortgage forbearance claims in Texas, servicers will need… Read more »
- FHFA announces further extension of COVID-related mortgage reliefThe agency will allow an additional three months of forbearance for loans backed by Fannie Mae and Freddie Mac, giving… Read more »
Pending Home Sales Post 5th Straight Loss
Posted To: MND NewsWireJanuary marked the fifth straight month that the National Association of Realtors® (NAR) has reported a decline… Read more »Ops, MLO Jobs; Cap. Mkts., Valuation, Default, Fulfillment Tools; Technology and Processing Notes
Posted To: Pipeline PressAs hope for a recovery drawing nearer helps push rates higher, Carol K. writes, “I hate it… Read more »MBS Day Ahead: Just When You Thought It Wouldn't Get Much Worse
Posted To: MBS CommentaryIt got much worse. Bond yields were up more than 8bps by the open with the 10yr… Read more »Highest Mortgage Rates Since June 2020
Posted To: Mortgage Rate WatchAs of today, you'd have to go back to June 2020 to see higher mortgage rates.… Read more »MBS RECAP: Is It Another Trap and Which Coupon Do I Watch Now?
Posted To: MBS CommentaryIs It Another Trap and Which Coupon Do I Watch Now? Yesterday's bond market resilience offered hope… Read more »New Home Sales on the Rise 4.3% in January
Posted To: MND NewsWireNew home sales continued the turnaround, started in December, that ended three straight months of slowing sales.… Read more »Delinquency Rate Lowest in COVID Era; but Lingering Risks Remain
Posted To: MND NewsWireLoan performance continued to improve in January although the number of delinquencies remains significantly elevated from pre-pandemic… Read more »MBS Day Ahead: It Was a Trap... Don't Expect Stocks to Save Us
Posted To: MBS CommentaryYesterday saw yields hold at just slightly lower highs on an intraday basis, thus offering a glimmer… Read more »MLO Jobs; Servicing, Customer Service, Decisioning, Retention Tools; Events and Training This Week
Posted To: Pipeline PressThere’s a cost to staying at home as much as we do. I went to the doctor… Read more »Mortgage Application Volume Continues Decline
Posted To: MND NewsWireThe volume of mortgage applications for both home purchase and refinancing fell for the third straight time… Read more »MBS RECAP: Glimmer of Hope in Bonds, But It Might Be a Trap
Posted To: MBS CommentaryGlimmer of Hope in Bonds, But It Might Be a Trap Bonds started the day in roughly… Read more »December Home Price Gains Highest Since 2014
Posted To: MND NewsWireBoth the S&P CoreLogic Case-Shiller and The Federal Housing Finance Agency (FHFA) report that the country ended… Read more »MLO, Ops Jobs; Underwriting, Loss Mit, Broker, Corresp., Jumbo Products; VA, FHA, Ginnie Changes
Posted To: Pipeline Press(To listen to the audio version of today’s commentary, please click here .) Being home schooled was… Read more »MBS Day Ahead: MBS Beatings to Continue, Regardless of Morale
Posted To: MBS CommentaryIn the past few weeks--and especially the past few days--we've seen a sharp spike in MBS yields… Read more »February Easily The Worst Month For Rates in Long Time
Posted To: Mortgage Rate WatchThere are still 4 business days left in the month of February and thus still 4… Read more »MBS RECAP: Rates Are In Big Trouble, But Why?
Posted To: MBS CommentaryHuge Mortgage-Specific Weakness The rate reset continues. Just when you thought 10yr yields surely couldn't go any… Read more »MBS Week Ahead: Battle to Find a Rate Ceiling Continues
Posted To: MBS CommentaryBond yields have been surging higher in February with last week bringing the sharpest losses so far.… Read more »