Posted To: MND NewsWireNew programs offering low downpayment options for GSE loans weren't enough to compensate for more stringent jumbo loan standards in April. This resulted, the Mortgage Bankers Association (MBA) said on Thursday, in a decrease in its Mortgage Credit Availability Index (MCAI). … [Read more...] about Mortgage Credit Availability Continues to Decline
Posted To: Pipeline PressMost people hate getting older, but during the month of May getting older is how you get into the party. May is Older Americans Month where it is a time to celebrate those 65 and older through ceremonies, events and public relations. Let's hear some stats about older … [Read more...] about Bank Numbers Falling; M&A Role in Jumbo Biz; Another Credit Union Acquisition
Posted To: MND NewsWireFreddie Mac said today that the company had a net loss in the first quarter of 2016, the first time in four years that it has failed to show a profit. The company posted a $354 million net loss and a $200 million comprehensive loss compared to a net profit in the fourth … [Read more...] about Freddie Posts First Loss since 2012
Posted To: MBS CommentaryBigger picture: bonds consolidating inside March/April range Technicals all turning bullish, today is important confirmation Data sensitivity is a bit of a mystery; ISM could help confirm The longer you've been following markets, the more familiar you will be with the … [Read more...] about MBS Day Ahead: Waiting on ISM For Indication on Sensitivity to Data
Posted To: MBS CommentaryBond markets threatened to bounce weaker yesterday concern was that new month tradeflows were just the start of more selling hope was that it was just profit-taking on month-end bets Technicals now looking good again hoping technicals still look good at close; no econ data … [Read more...] about MBS Day Ahead: Markets Contemplate Fate Amid Dearth of Domestic Data
Posted To: MND NewsWireChange is all around us. The Wall Street Journal reports that the CFPB plans to bring the largest online lending platforms under its supervision by 2017. In the primary markets LendingClub said it expects loan losses on its loans will increase and it is raising interest rates … [Read more...] about SoFi’s Capital Raise; A Glance at Millennials; UK Parents Lend More Than Most Banks!
Posted To: MND NewsWireCoreLogic released the first of the major home price estimates for March on Tuesday. The company's Home Price Index (HPI) estimates for both January and February were substantially higher both month over month (0.4 to 0.7 percentage points) and year-over-year (1.2-1.5 points) … [Read more...] about March Home Prices Surge 6.7 Percent Year-Over-Year
Posted To: MBS CommentaryTechnicals were looking good late last week But some risk that month-end trading was painting a rosy picture we'll find out this week! Last week marked the first convincing attempt on the part of the bond market to break the uptrend that began on April 8th. That trend … [Read more...] about MBS Day Ahead: Bonds Hoping to Confirm Last Week’s Potential Shift
Posted To: Pipeline PressDo mortgage loan originators think that they can’t go to prison for something they did ten years ago? They'd better think again . And let's not forget that the CFPB has made it clear that it has the right to hold originators responsible for defects in their employer's … [Read more...] about CFPB Addresses Bankruptcy; What MI Company Earnings Tell Us – Will Arch Buy a Competitor?
Posted To: MND NewsWireDoes a financial boost from mom and dad make it more likely a young person will buy a home? It depends. And that might change. Those statements are more or less the bottom line from a working paper prepared by three University of Southern California professors, Dowell Myers, … [Read more...] about Does The Bank of Mom and Dad Help Homeownership?