There was a problem returning the RSS feed.
There was a problem returning the RSS feed.

:

Hedging, Jumbo, Processing Tools; FEMA and Disaster Updates; Richey May Sold

9/16/2026 10:49 AM

A while back I was watching the news on TV, and they were interviewing a couple whose home was threatened by a tornado, but who didn’t leave. “God will protect us,” they told the reporter as the wind picked up. Who did they think sent the tornado in the first place? Lenders and servicers know that “tornado alley” has shifted, and with it the geogra...Read More

An Uncommonly Interesting Fed Day

9/16/2026 9:24 AM

There are perhaps no other Fed announcements in recent memory worthy of more anticipation than the one we"ll get today. While some of the recent data could be used to argue patience, far more data suggests a hike. The market agrees based on recent moves in yields and Fed Funds Futures. The question remains as to whether Warsh has a firm conviction ...Read More

Some Signs of Resilience But It"s Still Anyone"s Game

9/15/2026 3:32 PM

Some Signs of Resilience But It"s Still Anyone"s Game After several consecutive business days of abject unpleasantness in the bond/mortgage market, Tuesday finally offered a modest consolation. During domestic trading hours, every attempt to push 10yr yields over 5% was met with a supportive bounce--presuma...Read More

Mortgage Rates Higher Again Ahead of Fed

9/15/2026 2:54 PM

Mortgage rates moved higher for the 6th day in a row on Tuesday and to the highest levels since January, 2025. The average top-tier 30yr fixed rate is up to 7.22% and the most prevalently-quoted top-tier rate is 7.25%. Over the past 6 days, the average is up 0.33%, which is is the most abrupt jump since October 2024. At least some of the recent vo...Read More

Verification, Cash Flow Analysis, Credit Reporting, Climate Data Tools; Webcasts

9/15/2026 10:18 AM

Today we’re in Dallas for the Loan Vision Innovation Conference 2026, and LV recently rolled out its AI accounting software Luna. The CEOs, CFOs, and Controllers here are focused on measuring, analyzing, and interpreting data, including volume. MCT"s September Indices Report reflects a total lock volume decline month over month in August, with purc...Read More

5% Yields Bringing Value Buyers?

9/15/2026 9:57 AM

With no meaningful econ data on tap today and no high stakes events, bonds are left to watch news headlines and attend to last-minute positioning goals before tomorrow"s Fed announcement. There"s a bit more of a disconnect between oil prices and bond yields than normal today. Earlier in the overnight session, yields actually led the way higher. In ...Read More

Decent Mid-Day Recovery But No Change to Bigger Picture

9/14/2026 2:52 PM

Decent Mid-Day Recovery But No Change to Bigger Picture Monday wasn"t too different from last Friday in that the bond market began the day with AM volatility that gave way to minimally changed yields by the close. The order was reversed, however, with the weaker trading in the AM and rally back to unchanged...Read More

Mortgage Rates Start Higher, But Some Lenders Recovered

9/14/2026 2:19 PM

On average, the top-tier 30yr fixed mortgage rate moved up to another new long-term high today of 7.17%. You"d have to go back to January, 2025 to see anything higher. That said, there"s more variability than normal today depending on the lender.  Bonds (which dictate rates) were at their weakest levels of the day right around the time most l...Read More

Sep. 14: Verification, Non-QM, Processing, Agentic AI Tools; LOs as Financial Strategists; Equity Study

9/14/2026 10:11 AM

Yes, the college game was amazing Saturday night here in Austin, but there’s also IMN’s HELOCs & Second Liens event. The markets know that it is a hot topic. Do “the markets” care about a $40 trillion U.S. deficit? Yes. Does any politician seem able to curb spending, or be elected to do it? Not really, and in fact over the weekend, House Speake...Read More

Different Week, Same Selling

9/14/2026 9:38 AM

Selling continues to be the path of least resistance for the bond market. Open interest data from Treasury futures suggests Friday"s "short-covering" assessment may not be the only story. Reason being: open interest moved HIGHER (it would be much easier to conclude short-covering drove the move if open interest was lower). The counterpoint is that ...Read More

---