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We talked about yesterday being an unofficial 3rd day of the weekend in that trading volumes were light and the trading activity lacked conviction. Today, then, would mark the first "real" movement of the week. I even went so far as to sa...
MBS Commentary
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We talked about yesterday being an unofficial 3rd day of the weekend in that trading volumes were light and the trading activity lacked conviction. Today, then, would mark the first "real" movement of the week. I even went so far as to sa... (read more)
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Housing News
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The number of affordable rental units available to low and very low-income households is falling according to a new analysis from Freddie Mac. Not only are fewer units coming on line (even as multi-family construction has returned to historically ave... (read more)
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Rob Chrisman
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We don’t eat plain ol’ “bacon” anymore. It is usually “Applewood smoked bacon.” Given the amount of Applewood smoked bacon lenders seem to consume at conferences, and others at IHOP or Denny’s, I wonder if th... (read more)
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Housing News
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Like Fannie Mae, Freddie Mac's economists are viewing the disruptions from the recent hurricanes as short-lived . The 33,000-job loss in September, for example, was largely attributable to a steep month-over-month drop in hiring in the leisure and ho... (read more)
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Housing News
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It has been a tumultuous and unpredictable year. That was how David H. Stevens, President and CEO of the Mortgage Bankers Association framed his remarks to the MBA's 2017 Annual Convention and Expo in Denver. Stevens, who announced at last year's Exp... (read more)
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MBS Commentary
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I refer to some Mondays as unofficial 3rd days of the weekend, and today's example qualifies. There were no significant economic reports, no substantive headlines, and no major movement in bond markets. Add to that a general absence of vo... (read more)
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