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Servicing, Non-Agency, AI Processing Tools; Condo Turmoil Ahead?

7/22/2026 10:43 AM

There’s always something in the news, whether it is Jimothy the raccoon in the Northwest, or the Canadian wildfire smoke in the Northeast which coincided with more tariffs directed at Canada. Homebuilders, and those who lend to them, know that materials from Canada are already subject to tariffs, but the new tariffs could affect building materials ...Read More

Just a Bit Weaker as Oil Keeps Rising

7/22/2026 9:18 AM

For those not interested in overcomplicating things, it"s fair enough to simply observe the resurgence of hostilities in the Iran war prompting a resurgence of fuel prices and bond selling due to inflation expectations. Earnings season in equities has added to volatility in the 9:30am-10am hour on each of the past 2 mornings. We seem to be breaking...Read More

Headwinds, Cont"d

7/21/2026 4:06 PM

Headwinds, Cont"d "Headwinds, Cont"d" could be apply to the entirety of 2022-2026 or just March-July of 2026. But let"s just focus on today"s installment. For the second day this week, there wasn"t any stellar correlation between bonds and other markets, econ data, or news headlines. Still, we wouldn"t say ...Read More

Rates Match Longer-Term High For The 3rd Time in 2026

7/21/2026 2:29 PM

In late July, 2025, 30yr fixed rates embarked on an excellent adventure, moving down from 6.75% on July 31st to 5.99% by late February, 2026. Since then, things haven"t been great thanks to war-related fuel price drama and stronger econ data (the supreme court ruling on tariffs didn"t help either, because it increased Treasury issuance implications...Read More

HELOC AI, Doc Analysis, Home Equity POS Products; L1 rebrand; Delinquencies Impact Rates; Live RESPA Panel

7/21/2026 10:49 AM

People who say that residential lending and the state or federal governments aren’t intertwined have to look no further than the CFPB.  Their new office spaces fit 550. There are 1,100 currently. They will get there? Theoretically only Congress can actually shut down the CFPB, in the Senate with 60 or more votes, and the CFPB is still function...Read More

Bonds Grudgingly Giving Back Last Week"s Inflation Rally

7/21/2026 8:26 AM

While last week"s CPI and PPI reports were unabashedly great news, the bond market spent Friday and yesterday gradually unwinding most of the resulting gains. The least complicated way to approach this phenomenon would be to observe that fuel prices spent the same 2 days breaking to the highest levels since May 19th and they continue to hold near t...Read More

New Week. Same Old Story

7/20/2026 2:53 PM

New Week. Same Old Story While we certainly CAN put short term market movement under a microscope and entertain various potential sources of motivation, it"s just as good to take a few giant steps back and observe the bigger picture trend. When we do, we see a decisively weaker trend since October 2025 with...Read More

Mortgage Rates Bouncing Higher to Start The Week

7/20/2026 2:10 PM

Last week ended on a promising note with Friday"s rates falling just barely below the previous Friday"s levels. This was a relief after the top-tier 30yr fixed rate matched 11-month highs for the average lender earlier in the week. Unfortunately, rates are starting the new week by heading back toward those highs. Our 30yr fixed rate index is up fr...Read More

Verification, Servicing, Next-Gen, Flood Cert Products; AI and Overall Tech Adoption

7/20/2026 10:50 AM

Dang. I don’t know why I put my entire retirement plan into SpaceX stock… it has lost $1 trillion in book value since its post-IPO high. In 2026 Fannie’s stock price is down 44 percent, and Freddie’s stock price is down 46 percent. Did you sink your 401(k) into either, when doing a “re-IPO” was the talk of the Trump Administration? (Speaking of Fan...Read More

No Major Data Leaves Bonds to Trade on Vibes

7/20/2026 9:12 AM

You"ve seen the "good vibes only" t-shirt perhaps? Bond traders left theirs at home this morning. That"s unfortunate as there isn"t much beyond vibes to set the tone this week. Over the weekend, bad vibes came courtesy of another round of escalation in the Iran war. Additionally, the safe-haven buying that helped bonds on Friday has reversed course...Read More

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