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MBS RECAP: That Escalated Quickly, But MBS Recovered Fairly Nicely
6/5/2020 3:04 PM
Posted To: MBS CommentaryThat Escalated Quickly, But MBS Recovered Fairly Nicely After weeks and weeks (6, to be specific) of extraordinarily calm and narrow trading ranges in ultra-low-yield territory, the bond market has suddenly decided it's time to jump back up toward higher yields. The move is fai...Read More
 
CFPB Warns Servicers and Lenders to Adhere to CARES Act
6/5/2020 12:39 PM
Posted To: MND NewsWireA joint release from the Consumer Financial Protection Bureau (CFPB) and the Conference of State Bank Supervisors cautions mortgage servicers about their obligations in complying with the Coronavirus Aid, Relief and Economic Security (CARES) Act. The Act includes provisions granting a right to forb...Read More
 
Are All-Time Low Rates Behind Us Now?
6/5/2020 11:25 AM
Posted To: Mortgage Rate WatchThings are quickly getting interesting for mortgage rates , and by "interesting," I mean potentially alarming. Everything"s relative though, so it should be said right up front that the average mortgage rate is still only a hop and a skip from the all-time lows seen last week. But ...Read More
 
Forbearance Numbers Appear to Shrink, but There"s a Catch
6/5/2020 10:19 AM
Posted To: MND NewsWireThe number of mortgages in forbearance plans declined this past week for the first time since the CARES Act to address the COVID-19 pandemic was enacted. Black Knight said its survey showed that there were 4.73 million homeowners, 8.9 percent of those with mortgages, in forbearance plans as of June...Read More
 
AE Jobs; Broker, DPA, LOS, Products; FHA COVID Forbearance Guidance; Payrolls Push Rates Higher!
6/5/2020 8:01 AM
Posted To: Pipeline PressChange is certainly constant. “And just like that, every reporter has gone from infectious disease expert to civil rights attorney.” In our biz, if you didn’t make money in the first quarter, you should have made some changes. The MBA tells us that ...Read More
 
MBS Day Ahead: Panic In The Bond Market; Why So Serious?
6/5/2020 7:18 AM
Posted To: MBS CommentaryAfter weeks and weeks (6, to be specific) of extraordinarily calm and narrow trading ranges in ultra-low-yield territory, the bond market has suddenly decided it's time to jump back up toward higher yields. The move is fairly large, abrupt, and serious. But why? The longer a tr...Read More
 
Mortgage Rates Not Panicking Yet, But That Could Always Change
6/4/2020 3:17 PM
Posted To: Mortgage Rate WatchMortgage rates are directly tied to the bond market. This isn"t too much of a surprise considering pretty much anything with an interest rate can be traced back to the bond market. Mortgages are especially relevant though, considering they comprise a very large dollar amount of the...Read More
 
MBS RECAP: Big Risks Ahead For Rates and Some Solid Opporunities Right Now
6/4/2020 3:15 PM
Posted To: MBS CommentaryBig Risks Ahead For Rates and Some Solid Opporunities Right Now Treasury yields broke one important ceiling yesterday (.74%) and another today at .79% before finding support at .823%. This leaves them at the highest levels since late March and in danger of moving higher. Mortgage r...Read More
 
Pandemic"s Disproportionate Effects on Housing Supply, Affordability
6/4/2020 1:11 PM
Posted To: MND NewsWireThe Urban Institute says that homes categorized as low priced, that is in the bottom 20 percent of the distribution, appreciated 126 percent between the turn of the century and the end of 2019. During that same 20-year period, those in the top 20 percent of the price distribution increased only 87 ...Read More
 
Broker, Doc Products; Customer Experience Study; Correspondent Changes
6/4/2020 8:03 AM
Posted To: Pipeline PressYesterday afternoon my cat Myrtle was watching me mop the kitchen floor. (Hey, it’s not going to mop itself, right? And it is mildly amusing to use certain products – insert slogan contest here for 4 th grade humor.) While toiling, besides thinking about ...Read More




Small Business Stories from New York Times:
 
Saying Goodbye to the Modist
6/3/2020 6:08 AM
A place for modest-dressing women to find luxury fashion (without the endless scrolling)...Read More
 
Restaurants Nourish Protesters With Food, Supplies and Donations
6/2/2020 6:36 PM
Their windows are smashed and their storefronts are vandalized. But some restaurant owners around the country are committed to supporting demonstrators...Read More
 
Your Kitchen Can Be as Well Stocked as Restaurants Now
6/2/2020 11:17 AM
Without chefs to sell to, farmers, fishmongers and wholesalers are making house calls. And the change may be here to stay...Read More
 
A Spa’s Journey From Family Recipes to Whole Foods to ‘Survival Mode’
6/2/2020 7:53 PM
Iwi Fresh in Atlanta has survived with some creative thinking by its owner, Yolanda Owens...Read More
 
In Quarantine, Restaurant Recipes Are Postcards From Another Time
5/26/2020 7:27 PM
Our critic hasn’t eaten out in more than two months. But recipes can let us recapture certain tastes and moments, and remember how a restaurant meal can enchant...Read More



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