Tue, Apr 7 2020, 4:53 PM
Black Knight has done an early analysis of the potential impacts of the COVID-19 pandemic on the housing market . In our summary of the first part of ...
Tue, Apr 7 2020, 4:37 PM
Homeowners who are either already feeling the financial effects of COVID-19 or anticipate it will happen are being proactive in requesting help from t...
Tue, Apr 7 2020, 11:04 AM
Home price gains accelerated for the fourth straight month in February with a 4.1 percent annual increase in the CoreLogic Home Price Index (HPI) The ...
Tue, Apr 7 2020, 9:10 AM
Is there good news out there? You bet! Ying Ying and Le Le mated . That aside, Day 98 of captivity. We’ve all found out that really hot water and suds...
Mon, Apr 6 2020, 4:55 PM
The most important ingredient in the mortgage market is the presence of homeowners--prospective or otherwise--with the means and desire to make monthl...
Mon, Apr 6 2020, 11:25 AM
The Jobless Claims Report and the Employment Situation Report and were both pretty devastating last week with more than 6 million new unemployment cla...
Mon, Apr 6 2020, 10:58 AM
Here's this week's Fed MBS Purchase Schedule.
The daily amount is down from a recent peak of $50 bln to $25 bln . So does that mean the Fed is o...
Mon, Apr 6 2020, 9:07 AM
Twas a rough night since today it’s garbage day. I was worrying all night, “What should I wear to take it out?” Jeannette M writes, “On January 1st I ...
Fri, Apr 3 2020, 1:49 PM
Black Knight has taken what will probably prove to be only their first in-depth analysis of the potential effects of the COVID-19 pandemic on the econ...
Fri, Apr 3 2020, 9:26 AM
Home building might be the answer to more than just the housing shortage according to some information provided by Paul Emrath, economist for the Nati...
Fri, Apr 3 2020, 9:16 AM
While in captivity it is important to focus on the friends you’ll see when you’re released . Your borrower doesn’t want the fuss and muss of typing up...
Fri, Apr 3 2020, 9:04 AM
The Department of Housing and Urban Development (HUD) has announced how it will be allocating its initial portion of funds from the massive Coronaviru...
Thu, Apr 2 2020, 10:41 AM
Many people have "expert sources" they rely on for insight to potential market movers. I understand this quite well. On the one hand , I used to be...
Thu, Apr 2 2020, 9:30 AM
Yesterday I decided to put thoughts of SRP values plummeting, and EPO & EPD penalties being enforced, out of my mind and get some exercise. My cat Myr...
Wed, Apr 1 2020, 11:46 AM
Nationwide outlays for construction slipped slightly in February. The Census Bureau said public and private sources spent at a seasonally adjusted ann...
Wed, Apr 1 2020, 9:43 AM
This morning's ADP Employment showed a loss of 27k jobs. Forecasts called for a loss of 150k jobs compared to last month's report that was strongly p...
Wed, Apr 1 2020, 9:19 AM
“I hadn’t planned on giving up quite this much for lent.” So true. It is a different world than only a month ago. Of course rates are going to stay at...
Wed, Apr 1 2020, 8:54 AM
In an earlier article , (before more pressing issues shelved the topic) we summarized highlights from a recent New York Times Magazine article about t...
Wed, Apr 1 2020, 8:27 AM
Well this was a surprise. In a week when unemployment claims soared to the highest level in probably ever and several large states went into a COVID-1...
Tue, Mar 31 2020, 5:30 PM
There are too many counter-intuitive and frustrating developments in the mortgage market to comprehend all at one time, let alone discuss. That's not ...
Tue, Mar 31 2020, 2:27 PM
CURRENT FED MBS BUYING SCHEDULE AND PURCHASE LOOKUP TOOL
I'm changing up this Q&A to make it shorter, denser, and better. If it's too pithy for you...
Tue, Mar 31 2020, 10:58 AM
Home prices entered 2020 still on the uptick according to the S&P CoreLogic Case-Shiller indices. The U.S. National Home Price Index, which covers all...
Tue, Mar 31 2020, 9:42 AM
I don't know much about porridge. I'm not even sure I've ever eaten it. I do know one thing about it though: the temperature has to be "just right" ...
Tue, Mar 31 2020, 9:03 AM
Remember when all we had to worry about was Amazon taking over mortgage banking? The sun hits different here in March – see joke at bottom. (Thirty da...
Mon, Mar 30 2020, 11:29 AM
Among responses to the job losses and reduced income already emerging from the COVID-19 pandemic has been a moratorium on foreclosures and a requireme...
Mon, Mar 30 2020, 10:41 AM
Pending home sales, which jumped 5.2 percent in January, did not retrench as expected last month. The National Association of Realtors® (NAR) said its...
Mon, Mar 30 2020, 8:50 AM
After a long time in captivity with the same people, one may become, uh, less than enamored with their pals. “12 th day of self-isolation and it’s lik...
Mon, Mar 30 2020, 12:19 AM
Here is this week's MBS buying calendar.
It differs from last week's in that there is now only $40bln of purchases per day rather than $50bln.
S...
Fri, Mar 27 2020, 10:50 AM
I devoted years of my life championing the cause of educating mortgage originators on the realities of MBS price movement. The most compelling call...
Fri, Mar 27 2020, 9:33 AM
While in captivity it is important to have good communication . (Early anecdotal chatter indicates that the remote workforce has signs of improved pro...
Fri, Mar 27 2020, 9:11 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 5.5 percent in February , up from a 4.3 percent ga...
Thu, Mar 26 2020, 5:17 PM
I will do my best to speak to both consumer and mortgage industry people on this topic. It affects everyone. With that in mind, the following is a l...
Thu, Mar 26 2020, 11:13 AM
New home building, which only recently and belatedly caught fire, is already feeling the effect of the COVID-19 virus response. The National Associati...
Thu, Mar 26 2020, 9:08 AM
While in captivity it is important to keep busy . Every day people ask me where I think rates will be next week. Here you go: my forecast ! After you ...
Wed, Mar 25 2020, 6:42 PM
Depending on what you're looking at, when you look, and where you look, mortgage rates could either be amazing or terrible. Large, upstanding, secure,...
Wed, Mar 25 2020, 9:56 AM
The pace of annual price increases ticked slightly higher in January according to Federal Housing Finance Agency (FHFA) House Price Index (HPI). The i...
Wed, Mar 25 2020, 9:26 AM
It's no secret that volatility has been a big deal in the bond market (and most other markets) recently. But there's no comparing the drama seen in T...
Wed, Mar 25 2020, 9:03 AM
While in captivity it is important to have a hobby . “Dad, why is my sister named Paris?” “Well, uh, that’s because we were in Paris when she was conc...
Wed, Mar 25 2020, 8:15 AM
The volume of mortgage applications plummeted last week as households, rattled by COVID-19 fears, self-isolated in their homes and businesses were shu...
Tue, Mar 24 2020, 6:36 PM
There is a LOT of misinformation flying around out there about the mortgage market, the Fed, and the various impacts on rates from the government's co...
Tue, Mar 24 2020, 11:49 AM
This page is now your official resource for the week when it comes to ANY AND ALL questions pertaining to what the Fed is doing in the mortgage market...
Tue, Mar 24 2020, 10:36 AM
Sales of newly constructed home jumped to a 13-year high of 764,000 annualized units in January , a number that was revised even higher today to 800,0...
Tue, Mar 24 2020, 9:49 AM
Hit the comment section if we're missing anything and we'll get it updated to keep this as an up-to-date list of COVID-related changes to underwriting...
Tue, Mar 24 2020, 9:04 AM
While in captivity it is important to have discipline . Independent mortgage banks exercised discipline and had a great 4 th quarter, profit-wise , bu...
Mon, Mar 23 2020, 1:36 PM
Fannie Mae has issued a series of three lender letters dealing with changes in appraisals, originations, and servicing protocols in response to the CO...
Mon, Mar 23 2020, 11:36 AM
Over the weekend the Mortgage Bankers Association (MBA) sent letter to two federal financial officials asking for immediate action to counter potentia...
Mon, Mar 23 2020, 9:52 AM
There was a time when several billion dollars a day of Fed MBS purchases was considered a lot. Then the Fed's coronavirus response happened.
The Fe...
Mon, Mar 23 2020, 9:19 AM
While in captivity it is important to have a goal . And remember, “It's only quarantine if it comes from the quarantine region of France; otherwise, i...
Mon, Mar 23 2020, 8:45 AM
Loan performance overall continues to validate the perceived quality of recent loan vintages and delinquency metrics continue to test and break old re...
Fri, Mar 20 2020, 11:45 AM
Who knows what tomorrow will bring? At least for today we have some welcome good news from the National Association of Realtors® (NAR). Existing home ...
