Housing starts down 18.7% in November

[View:http://video.cnbc.com/gallery/?video=3000576931&__source=mnd|news|video|&par=mnd]

CNBC's Rick Santelli and Diana Olick have the latest read on housing.

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Housing starts down 18.7% in November
Housing starts down 18.7% in November
Mortgage Video News
{$excerpt:n}

CFPB, Regulatory, and Legal News; Plywood Endangered in Ohio

Posted To: Pipeline Press

The Fed reports US household net worth soared to a record $90.2 trillion in Q3, as the stock market jumped and housing prices increased. One group of businesses that has certainly seen an uptick in business market share is credit unions. But all is not rosy: wading through the acronyms, last week the ABA has joined the ICBA in filing suit against the NCUA over the field of membership rule (the ABA filed in Dec, while the ICBA filed back in Sep). The Mortgage Bankers Association certainly keeps up on legal and regulatory issues. Along those lines, the D.C. Circuit has entered an order that provides the response of the United States to the CFPB’s petition for rehearing en banc is due by December 22, 2016. The order also provides that PHH can file its response by December 22. Ballard Spahr reports…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


CFPB, Regulatory, and Legal News; Plywood Endangered in Ohio
CFPB, Regulatory, and Legal News; Plywood Endangered in Ohio
Mortgage
{$excerpt:n}

Japan overtakes China as top holder of US Treasurys

[View:http://video.cnbc.com/gallery/?video=3000576926&__source=mnd|news|video|&par=mnd]

Peter Boockvar, The Lindsey Group, and Krishna Memani, Oppenheimer Funds, weigh in on China's "orderly" attempt to prop up its currency.

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Japan overtakes China as top holder of US Treasurys
Japan overtakes China as top holder of US Treasurys
Mortgage Video News
{$excerpt:n}

Small biz optimism on the rise: Paychex CEO

[View:http://video.cnbc.com/gallery/?video=3000576843&__source=mnd|news|video|&par=mnd]

Marty Mucci, PayChex CEO, discusses the key issues driving the post-election boost in small business optimism.

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Small biz optimism on the rise: Paychex CEO
Small biz optimism on the rise: Paychex CEO
Mortgage Video News
{$excerpt:n}

MBS Day Ahead: Light Data and Waning Participation Limit Implications

Posted To: MBS Commentary

NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my venue to offer deep thoughts with a mix of big-picture and near-term technical considerations. I'll still be doing that, but in posts on MBS Live. The Day Ahead will quickly evolve into a more cut and dried run-down of the events of the day (as it should be). Some days are more interesting than others, so some posts will be almost comically short, depending on the slate of events. It will still contain charts from time to time, but generally just to lay out technical levels we should be watching. — Today brings the end of the last full business week for bond markets before the Christmas/New Years holiday vortex sucks out much of the participation…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


MBS Day Ahead: Light Data and Waning Participation Limit Implications
MBS Day Ahead: Light Data and Waning Participation Limit Implications
Mortgage
{$excerpt:n}

Rates Already Near 4.5%; Builder Confidence Soars; Definitive Analysis on "Death of a Trend"

Don’t believe anything you read about mortgage rates today… well, except this . In fact, you’re welcome to believe anything you read as long as it acknowledges the fact that rates have risen nearly a quarter of a point from last week, pushing them well into the highest levels in more than 2 years . The average top tier conventional 30yr fixed rate is quickly approaching 4.5%. Nearly every lender that was at 4.125% last week is now at 4.375%. Lenders who were at 4.25% last week are mostly up to 4.5%. The overall spike in rates since the election is now on par with the 2013 taper tantrum. You’ll hear time and again “don’t worry… rates are historically low…” and my personal favorite “for every .125% in rate, the payment only rises $7 per $100k borrowed.” All of that is true, except perhaps
Rates Already Near 4.5%; Builder Confidence Soars; Definitive Analysis on "Death of a Trend"
Rates Already Near 4.5%; Builder Confidence Soars; Definitive Analysis on "Death of a Trend"
Mortgage Newsletter
{$excerpt:n}

MBS RECAP: Bonds Hint at an Ominous Floor as Sell-Off Intensifies

Posted To: MBS Commentary

If you read anything I write today, make it The Day Ahead: The Death of a Long Term Trend; A Definitive Assessment . If you want to read more, here's a recap of today's action. This wasn't the typical "day-after-Fed" trading day for US bond markets, nor was it a typical mid-december day. In December 2015, Fed day (when they last hiked) saw just over 1 million Treasury futures contracts and slightly less the following day. This time around, Fed day saw over 1.7 million contracts and today's sell-off saw volume swell to over 2 million contracts. The volume spike adds gravity to the situation. Data was ignored. Stable CPI and a balmy Philly Fed report would have made for weakness on an average day. But bonds were already at the day's weakest levels heading into the…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


MBS RECAP: Bonds Hint at an Ominous Floor as Sell-Off Intensifies
MBS RECAP: Bonds Hint at an Ominous Floor as Sell-Off Intensifies
Mortgage
{$excerpt:n}

Fed hikes, bonds tank. What to do now

[View:http://video.cnbc.com/gallery/?video=3000576416&__source=mnd|news|video|&par=mnd]

Trading Treasurys now. What's next for the Fed, with CNBC's Jackie DeAngelis and the Futures Now traders.

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Fed hikes, bonds tank. What to do now
Fed hikes, bonds tank. What to do now
Mortgage Video News
{$excerpt:n}