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AI Outreach, Loan Loss, Credit, Reverse Tools; STRATMOR on LO Gratitude; Portable Mortgages?

11/17/2025 10:47 AM

Today’s trivia: Missouri and Tennessee are tied for bordering the most states: eight. This week I head to Missouri, the jumping off point for thousands of wagon trains heading west in the mid-1800s. Back then, land grants were relatively common but home loans weren’t, LTVs were high, and repayment was usually within five years. Deals were done with...Read More

How Much Will This Week"s Delayed Jobs Report Matter?

11/17/2025 8:30 AM

The jobs report (for September) will be released on Thursday. It is the first major econ data to re-appear after the shutdown. Notably, that"s because it was ready to publish at the time of the shutdown (so don"t expect a flood of other announcements). By the time it comes out, we"ll have been waiting 1.5 months for a report that oth...Read More

Gains Completely Erased; Stocks Looking More Culpable

11/14/2025 3:58 PM

Gains Completely Erased; Stocks Looking More Culpable Viewed in a vacuum, this mornings 7-8am rally remains enigmatic. There was some small case to be made that stock losses played a role, but the bond buying definitely didn"t line up with stocks in a normal way (i.e. it looked like there was some third var...Read More

Rates Rise on Friday, Now Near 2-Month Highs

11/14/2025 3:10 PM

Mortgage rates were only modestly higher on Friday, but because of the narrow prevailing range and previous increases this week, that brings us right in line with 2-month highs. Bonds (which dictate rates) began the day with promise. There was heavy buying (good for rates) in the 7am hour. This coincided with stocks challenging their lowest levels...Read More

Purchase Demand Near Best Levels Since January 2023

11/14/2025 12:59 PM

Mortgage applications posted a modest increase last week, even as rates ticked slightly higher. According to MBA’s Weekly Applications Survey for the week ending November 7, total volume rose 0.6% on a seasonally adjusted basis and dipped 1% unadjusted. The Refinance Index fell 3% from the previous week but remains 147% higher than the same week o...Read More

HELOC, Meeting Software, MSR Valuation Tools; M&A for Servicing; Extension Cost Primer; Freddie and Fannie Price Fixing?

11/14/2025 10:47 AM

I always wonder, when I see two gas stations near each other in a small town, if the owners agree on pricing and share information. But when you’re dealing with trillions of dollars of mortgages and millions of borrowers, well, that’s a different scale, and the leader and boards of directors should be held responsible if the news is correct. Per th...Read More

Stronger Start After 7am Magical Mystery Move

11/14/2025 8:24 AM

Bonds were sideways to slightly weaker in the overnight session.  4am to 7am was exceptionally flat and narrow. This is notable because stocks had done more than half of their overnight selling by 7am, and stocks are one of the only scapegoats. In other words, a "flight to safety" (sell stocks/buy bonds) seems to be the only popular explanatio...Read More

Moderately Weaker With Only The Reopening to Blame

11/13/2025 3:02 PM

Moderately Weaker With Only The Reopening to Blame The government reopened on Thursday.  Both stocks and bonds sold off moderately in response. The bond market weakness is in line with our expectations for a confirmed reopening based on the simple logic that a prolonged shutdown would have been increas...Read More

Mortgage Rates Near The Top of Recent Range

11/13/2025 2:25 PM

Mortgage rates rose somewhat sharply following the late October Fed meeting but have been in a relatively narrow range so far in November.  The range is so narrow, in fact, that yesterday"s average rate was at the bottom of that range while today"s rate is closer to the highs. Given the minimal overall movement, there"s no compelling need to ...Read More

Data Intelligence, CTP Products; Compliance Warning About Thanksgiving; Another Fed President to Leave

11/13/2025 10:45 AM

In news underwriters will need to know, banks and satirists across the United States are taking Director Bill Pulte’s and President Donald Trump’s 50-year mortgage suggestion are running with it. They (the underwriters) would now require an applicant"s grandkids to co-sign on a 50-year mortgage "just in case” as part of the approval equation. What ...Read More

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