Wednesday , 20 February 2019

Mortgage News Daily

Mortgage News Daily

MBS RECAP: Deceptively Relevant Econ Data But Range Prevails

By Matthew Graham Posted To: MBS Commentary Since Retail Sales rocked markets yesterday, perhaps bonds would be interested in responding to economic data again today? This question seemed to have been answered when bonds apparently jumped following this morning’s 8:30am economic data. The only problem was that the data in question included NY Fed Manufacturing and Import/Export Prices. These are …

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Mortgage Rates in a Holding Pattern

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates were slightly higher today, marking the 6th day in a row where they’ve reversed course versus the previous day. This is the sort of behavior we see when underlying financial markets are having a hard time making up their mind (or are simply waiting for something before committing to the …

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"Homeowners are in Great Shape," Delinquencies Improve Across the Board

By Jann Swanson Posted To: MND NewsWire Mortgage loan delinquencies were down from the third quarter of 2018 in the fourth quarter. The Mortgage Bankers Association (MBA) said the improvements held across all loan types and all stages of delinquency although there was a slight uptick in foreclosure starts. The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased …

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GSEs Continue Financial Winning Streaks

By Jann Swanson Posted To: MND NewsWire Freddie Mac and Fannie Mae (the GSEs) reported solid financial results for both the fourth quarter and the entirety of the 2018 fiscal year on Thursday. The annual income was higher for both GSEs , although each posted a decrease quarter-over-quarter. Fannie Mae’s total comprehensive income for the fourth quarter was $3.2 billion …

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Fewer Plan to Buy, But Others Aren't Giving Up

By Jann Swanson Posted To: MND NewsWire The perceptions, expectations, and plans of prospective homebuyers appear to be undergoing a transition according to results from the most recent Housing Trends survey report from the National Association of Homebuilders (NAHB). Rose Quint writes about the fourth quarter 2018 survey in a five-part series in the association’s Eye on Housing Blog. She …

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