Tagged: HomeFinance

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Posted To: MND NewsWireAs profit margins have continued to shrink, mortgage lenders have been seeking to utilize technology to reduce their production expenses which involve in part transmitting large volumes of data among several interconnected parties such as consumers, investors, service provider, and others. In an article in the Fannie Mae Perspectives blog the company’s […]

Purchase Volume Continues Higher Despite Rising Rates Posted To: MND NewsWireIt would appear that Refis’ time in the sun is listing back towards purchases, as mortgage rates increased for the second straight week and application volume retreated further . The Mortgage Bankers Association’s Market Composite Index, a measure of that volume, decreased 3.5 percent on […]

Posted To: Mortgage Rate WatchMortgage rates resumed a week-long move higher today, bringing them to the highest levels since March 19th or 20th, depending on the lender. Between now and then, they’d fallen abruptly to the best levels in more than 15 months. The improvements were meaningful enough to draw out refinance applicants in droves […]

Posted To: MBS CommentaryWith 10yr yields beginning the day well over 2.50% and with 2.55% being the line in the sand marking the breakout from the sideways range at the beginning of 2019, it’s fair to say that bonds have more or less “filled the gap.” This is a common conclusion/prediction among market technicians when […]

eMortgage, Loan Trading Products; Comprehensive Survey Findings; Lender Disaster News Posted To: Pipeline Press“Rob, are you hearing that the sudden increase in lock volume is from borrowers who had a lock with one lender moving to another lender?” Not yet, and let’s hope not, loans are “stickier” now, and that this practice was just something […]