|
|
|
||
| HELOC, AI Processing Tools; STRATMOR on Subservicing; MISMO Role; RESPA Thoughts | ||
| 8/11/2026 10:45 AM | ||
| What are folks talking about here at the Western Secondary? Small things and big things. There’s a brand-spankin’ new private MI company: Anza. (Contact Melissa Gemma with questions.) Lenders are doing interesting things to help communities: for example, here’s Fairway Independent not leaving a dry eye in the house. That UWM has filed a lawsuit in ...Read More | ||
| Stronger Start on Yet Another Peace Deal Teaser | ||
| 8/11/2026 9:36 AM | ||
| Bonds are rallying, and we have no objection to that. Reasons are simple and familiar enough that there"s no sense in over-analyzing them. Newswires hit at 7am saying that Pakistan"s defense minister said "things are shaping up in favor of peace" and that Pakistan"s interior minister Khawaja Asif arrived in Tehran to discuss "matters of mutual inte...Read More | ||
| Issuance and Oil Strike Back | ||
| 8/10/2026 3:00 PM | ||
| Issuance and Oil Strike Back Oil prices continue to ebb and flow in concert with the Iran war news cycle. There"s no set schedule for such things, but there have been several Mondays where that narrative shifts in the opposite direction from wherever we left off at the end of the previous week. Last We...Read More | ||
| Mortgage Rates Rise Modestly From 3 Week Lows | ||
| 8/10/2026 2:32 PM | ||
| As of last Friday, average top-tier mortgage rates hit their lowest levels since July 20th. If they"d managed to drop even 0.01% today, it would have been a new 3-week low. As it stands, rates moved modestly higher in response to higher oil prices. Throughout the Iran war, oil and rates have had a broadly strong correlation because oil infor...Read More | ||
| Land Loan, Agentic AI Tools; Deep Dive Into Earnings; Pennymac"s Spector on Servicing Value | ||
| 8/10/2026 10:42 AM | ||
| Here in the hallways at the Western Secondary in L.A., there isn’t a lot of talk about GSE reform, although this short clip from Sam Valverde, ex-acting president of Ginnie Mae, revisits the subject: The GSE reform trigger nobody"s watching closely enough. More of the talk is about 2nd quarter earnings, and I received this note: “Rob, I am a broker...Read More | ||
| Another Week, Another Oil Price Pivot | ||
| 8/10/2026 9:32 AM | ||
| Recent experience suggests the safest assumption about oil prices and bond yields is that they will pop and drop with reasonable regularity. In other words, lower prices/yields for a few days following friendly war-related headlines tend to give way to unfriendly headlines and a market reversal. Wash, rinse, repeat. The new week is starting off wit...Read More | ||
| Not Quite The Rally You"d Expect, But a Rally Nonetheless | ||
| 8/7/2026 4:21 PM | ||
| Not Quite The Rally You"d Expect, But a Rally Nonetheless Today"s vitals might be a bit confusing at first glance. Payrolls came in at -23k versus forecasts of 80k. At most moments in history, that would be worth a substantial rally. Today it was only worth 3bps in the 10yr and a quarter point in MBS. To be...Read More | ||
| Mortgage Rates End Week at Lows | ||
| 8/7/2026 3:58 PM | ||
| Mortgage rates dropped moderately today after the latest jobs report showed much lower jobs created than expected. The monthly jobs report is one of the most--if not THE most--important pieces of economic data to the rate market on any given month. If the numbers are close to forecasts, there isn"t always a big reaction. Today"s numbers were quite...Read More | ||
| Another Modest Drop in Mortgage Apps, But Next Week Should Bounce | ||
| 8/7/2026 2:22 PM | ||
| Mortgage application activity declined for a second consecutive week as higher borrowing costs continued to weigh on both purchase and refinance demand. The Mortgage Bankers Association (MBA) reported a 2.9% decrease in total application volume on a seasonally adjusted basis for the week ending July 31. Purchase applications decreased 4% from ...Read More | ||
| Cap Mkts Education, Mortgage Ops Support, QC, Flood Cert Tools; Weak Jobs Data | ||
| 8/7/2026 10:52 AM | ||
| As many of us prepare to head to So Cal for the California MBA’s Western Secondary (800 or so registered), artificial intelligence continues to be the buzz. I recently received this question: “Rob, does it seem to you that we’re now at the same inflection point with AI as when everyone was afraid that DU & LP were going to replace all the under...Read More | ||
|
||
| Trump says NYC pied-à-terre tax 'must be stopped,' eyes federal block | ||
| 8/11/2026 1:10 PM | ||
| Trump in a Truth Social post called Mamdani"s pied-à-terre tax a "dangerous political "experiment" in New York will destroy" the city and state...Read More | ||
| Invitation Homes CEO says ban on institutional homebuying will bring down prices, but not immediately | ||
| 8/11/2026 11:54 AM | ||
| The CEO of the nation"s largest single-family rental landlord said the new law banning large-scale investors from the market will lower prices in the long term...Read More | ||
| Trump’s foreign licensing business booms to $59.5 million as Gulf developers pay | ||
| 8/10/2026 10:06 AM | ||
| Nearly two-thirds of Trump’s foreign licensing fees came from two Gulf developers, in the UAE and Qatar, including one pursuing a $20 billion U.S. expansion...Read More | ||
| K-shaped economy shows up in housing: Luxury sales rise as starter-home buyers struggle | ||
| 8/7/2026 7:15 AM | ||
| Even as luxury homes fly off the market, sales of starter homes are down despite growing inventory and more price cuts, research shows...Read More | ||
| Homeowners are paying much more for insurance — and keeping coverage is getting harder | ||
| 8/6/2026 2:09 PM | ||
| Homeowners insurance premiums have risen faster than inflation across the country, according to a new industry report...Read More | ||
| Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels | ||
| 8/5/2026 6:00 AM | ||
| Mortgage rates rose to the highest level in over a year, causing total mortgage demand to drop below year-ago levels...Read More | ||
| Trump's deportation agenda raised prices, contracted local economies, immigration group says | ||
| 8/5/2026 12:47 PM | ||
| A report released Wednesday by the immigration advocacy group America"s Voice argues President Trump"s immigration policies are hurting the economy...Read More | ||
| Foreigners are buying fewer U.S. properties, but luxury homebuilders still draw them in | ||
| 8/4/2026 8:33 AM | ||
| Foreign buyers are pulling back sharply from U.S. residential real estate, in part due to a pullback among workers that would qualify for H-1B visas...Read More | ||
| Buying a condo with a mortgage may soon get more complicated. Here's why | ||
| 8/1/2026 8:30 AM | ||
| New policies that apply to mortgages for condos take effect Aug. 3, and some experts are sounding the alarm that buyers may see delays or denials...Read More | ||
| Fed holds rates steady: What it means for credit cards, savings accounts, mortgages and auto loans | ||
| 7/29/2026 1:05 PM | ||
| The Fed"s benchmark affects many of the interest rates consumers see every day, including those tied to mortgages, credit cards, car loans and savings accounts...Read More | ||
|
There was a problem returning the RSS feed.
|