Saturday , 23 January 2021

Around The Web

Refi Applications Highest Since March

Posted To: MND NewsWire It was a typical first-work-week-after-the holiday bounce for the mortgage indexes, although the surge was significantly more restrained than last year. Perhaps the nation was otherwise distracted. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, increased 16.7 percent on a seasonally adjusted basis during the week ended …

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Tentative Recovery in Mortgage Availability With Help From Government and Jumbo Loans

Posted To: MND NewsWire While it did dip a bit last month, the availability of mortgage credit appears to be stabilizing , having moved only slightly over the last three months. The Mortgage Bankers Association’s (MBA’s) Mortgage Credit Availability Index (MCAI) was down 0.1 percent in December, to a reading of 122.1. A decline in the MCAI indicates that lending …

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Mortgage Rates Find Some Support After an Ugly Start

Posted To: Mortgage Rate Watch Mortgage rates were off to a very bad start this morning, but recovered a portion of what they lost by the end of the day. The specifics depend greatly on the lender in question. Sadly, few if any lenders are still able to offer the rates seen yesterday. To make matters worse, yesterday’s rates were …

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MBS RECAP: Much-Anticipated Correction Finally Arrives. Now What?

Posted To: MBS Commentary Much-Anticipated Correction Finally Arrives. Now What? This morning's alert noted a scary scenario playing out in bonds due to a confluence of big picture negative motivations (power shift in D.C., ruminations about Fed tapering, brighter covid/econ outlook as vaccines roll out, and the general need to correct the extended stay in a record low range). Just …

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How To Treat Your VA

At my appraisal company, Appraisal Precision, we pride ourselves on completing our assignments timely and well.  There has been a lot of hard work, sacrifice, and not a few sleepless … Read More

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Although Gradually Improving, Delinquencies Remain Elevated

Posted To: MND NewsWire The rate of mortgage delinquencies remains significantly elevated from last year, but there is gradual improvement . The national rate moved higher in October on an annual basis per CoreLogic’s Loan Performance Insights Report . Loans that were 30 or more days past due, including those in foreclosure, represented 6.1 percent of all active mortgages compared …

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MBS Day Ahead: Scary Scenario Playing Out in Bonds

Posted To: MBS Commentary This morning's alert notes that the bond market is in the midst of one of its scarier scenarios. The ingredients are as follows: a long run in a record low rate range with uncommonly strong help (both from the Fed and from the market movers in play), the gradual realization that the record run is justifying …

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