Tuesday , 18 December 2018

Mortgage News Daily

Mortgage News Daily

Not Just the Season; MBA Predicts New Home Sales Down Sharply

By Jann Swanson Posted To: MND NewsWire The Mortgage Bankers Association (MBA) added a little more evidence to the pile indicating a rather rapid slow-down in the housing market. MBA’s Builder Application Survey (BAS) data for November shows mortgage applications for newly constructed home purchases falling by 14 percent compared to October. The MBA data is not adjusted to account …

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Mortgage Rates Could Go Even Higher

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates rose more noticeably today as a part of a 3 day bounce after hitting the lowest levels in roughly 3 months at the end of last week. Whereas yesterday’s increases weren’t really worth mentioning, today’s hurt–depending on the scenario. In general, this bounce was to-be-expected. Granted, we can’t ever know …

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Lenders Looking to New Tech as Pessimism Over Profit Margins Grows

By Jann Swanson Posted To: MND NewsWire Lenders continue to be pessimistic about their profit outlook as 2018 draws to an end. Fannie Mae said its fourth quarter 2018 Mortgage Lender Sentiment Survey found the profit outlook reported by respondents at an all-time survey low. This was true whether they were talking about purchase or refinance mortgages or about GSE-eligible, …

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Non-QM and Warehouse Products; STRATMOR Tech Insight Study

By Rob Chrisman Posted To: Pipeline Press Who among us has pushed for abolishing the mortgage-interest deduction, supported getting rid of government subsidies for the 30-year fixed-rate mortgage, putting Fannie and Freddie into receivership, and supported ending the sweep of F&F’s profits into the Federal Government? The answer is Dr. Mark Calabria, currently working for Mike Pence, and if confirmed …

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