Mortgage News Daily

Mortgage News Daily

MBS MID-DAY: Bond Markets Leak Back to Weakest Levels After NFP Bounce Attempt

By Matthew Graham Posted To: MBS Commentary If you’re just getting caught up with this morning’s events, first thing’s first: NFP was much stronger than expected (321k vs 230k forecast). As with any 90k+ beat in the history of the economic world, bond markets sold off immediately. But the ultimate severity of that sell-off struck many observers as being relatively …

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Update on Thinking on MSAs; Jobs Date Shifts Rates Higher

By Rob Chrisman Posted To: Pipeline Press Yesterday at the MBA’s IMB conference, besides folks talking about Chase correspondent pricing through the market, wondering if 4:1 is the magic servicing valuation, and trying to clear up uncertainty on MSAs (see below), one of the panels focused on “emerging” markets: millennials & reverse mortgages. The consensus was that if you’re looking …

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