Saturday , 16 December 2017

Mortgage News Daily

Mortgage News Daily

MBS RECAP: Bond Traders Have Had Enough

By Matthew Graham Posted To: MBS Commentary Bond traders are increasingly saying “enough already! ” when it comes to reacting to every little push and pull in the tug-o-war over the tax bill. After headlines suggested Rubio may be pulling his “yes” vote yesterday, today’s news was different. Concessions were made and the GOP once again had enough votes to …

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Mortgage Rates Hold Recent Lows

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The paradoxical strength is likely due to the fact that bonds improved faster yesterday without mortgage lenders adjusting rate sheets accordingly. In other words, we began the day with an advantage thanks to lenders being overly …

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Freddie and Fannie May Get Another Jumpstart

By Jann Swanson Posted To: MND NewsWire There has been a flurry of news about the two GSEs, Fannie Mae and Freddie Mac, in the last few weeks. The House Financial Services Committee recently advanced H.R. 4560, the GSE Jumpstart Reauthorization Act of 2017 to the full house for consideration. The proposed bill extends the GSE Jumpstart Act through January …

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MBS Day Ahead: Is There a Common Theme For Bonds at Year-End?

By Matthew Graham Posted To: MBS Commentary From time to time, a discussion will start up among MBS Live community members regarding certain habits for certain months of the year. Some popular observations have been “bonds always sell-off in October” and “there’s always volatility in March.” Of course nothing in financial markets will ever “always” do the same thing (because …

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THL Invests in G-Rate; Fair Lending and HMDA News

By Rob Chrisman Posted To: Pipeline Press Originators, who work with plenty of renters who want to be owners, should know that the Harvard Joint Center tells us that, “We’re finally seeing the record growth in renters slow down, but while the market has responded to rental housing needs for higher-income households, there are alarming trends that suggest a growing …

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Downpayments at Record Highs as Home Prices Rise

By Jann Swanson Posted To: MND NewsWire Homebuyers ponied up the highest downpayments on record to purchase homes in the third quarter of 2017. ATTOM Data Solutions’ (formerly RealtyTrac) Residential Property Loan Origination Report says that the median down payment for a single-family home or condo purchased with financing during the quarter rose to $20,000 from $18,162 in the second …

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Mortgage Rates Hold On to Lower Levels After Tax Bill Doubts

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates held on to yesterday’s gains in most cases. Some lenders were even in slightly better shape today, but not enough to have an effect on anything beyond the upfront costs associated with any given rate quote. Rates themselves would be right in line with yesterday’s. That’s not a bad thing …

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MBS RECAP: Stocks Lose, Rates Recover on Tax Bill Fears

By Matthew Graham Posted To: MBS Commentary Bonds began the day in weaker territory partly due to a correction from yesterday’s strong run in the afternoon, and partly due to stronger economic data in Europe. Domestic economic data was stronger too, with Retail Sales coming in at 0.8 versus a median forecast of 0.3. The previous reading was also revised …

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