Pisani: Very sloppy action right now

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CNBC's Bob Pisani looks ahead at the day's market action.

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Pisani: Very sloppy action right now
Pisani: Very sloppy action right now
Mortgage Video News
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2017 housing outlook

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CNBC's Diana Olick provides a look at what to expect in the real estate market next year.

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2017 housing outlook
2017 housing outlook
Mortgage Video News
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Year ahead in real estate 'somewhat positive: Pro

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I think you're going to see some slowing in some of the markets that have been the hottest in the past couple years, predicts Rick Sharga, Ten-X executive vice president, sharing his outlook on housing in 2017.,

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Year ahead in real estate 'somewhat positive: Pro
Year ahead in real estate 'somewhat positive: Pro
Mortgage Video News
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Three Rate Hikes in 2017? Fannie Mae Doesn't Think So

Posted To: MND NewsWire

Despite the 3.2 percent annualized growth in the GDP in the third quarter, Fannie Mae’s economists expect the full-years growth to moderate to less than 2 percent this quarter, finishing at 1.8 percent growth for the year. In the company’s December Economic Development summary its Economic and Strategic Research Group (ESR) said their forecast does not include the effects of any new federal policies “due to considerable uncertainty about the President-elect’s policy agenda and the extent of support he will receive from the new Congress. The report acknowledges the significant increase in long term interest rates over the preceding month with the 10-year T-bill touching 2.6 percent, the highest rate since July 2015, and “presenting headwinds for housing.” The dollar is nearing a 14-year high…(read more)

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Three Rate Hikes in 2017? Fannie Mae Doesn't Think So
Three Rate Hikes in 2017? Fannie Mae Doesn't Think So
Mortgage
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Token Bounce Stops Bleeding in Refinance Applications

Posted To: MND NewsWire

Applications for mortgages increased during the week ended December 16, managing to narrowly cling to a gain in activity compared to a year earlier. The Mortgage Bankers Association said its Market Composite Index, a measure of application volume, increased 2.5 percent compared to the week ended December 9 on a seasonally adjusted basis. The index was up 2.0 percent unadjusted. Refinances constituted a 57.9 percent share of total activity. The previous week refinancing had a 57.2 percent share.The Refinancing Index itself gained 3 percent compared to the previous week, but considering the past 2 months have seen a decline of more than 30%, this week’s bounce doesn’t affect the bigger picture. The damage is already done. The seasonally adjusted Purchase Index was also 3 percent higher than the…(read more)

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Token Bounce Stops Bleeding in Refinance Applications
Token Bounce Stops Bleeding in Refinance Applications
Mortgage
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Fannie and Freddie Updates Including Duty to Serve, Risk Sharing, HARP, HAMP, ULDD, etc.

Posted To: Pipeline Press

Hey, don’t know what to get your favorite capital markets guy or gal this year for Christmas? Here’s a memorable gift , with a one minute video. Although apps rose slightly last week, folks in the secondary marketing department are wondering if there any pipelines left to sell. And what will pipelines look like after the end of December when the pre-election loans fund? (Before I forget, here’s a Christmas tip: take empty boxes, wrap them in festive paper, then throw them in the fire every time a child misbehaves.) FormFree spread the word that, “Four of the most critical pillars of the loan are income, identity, asset, and employment. Now that Fannie Mae has weighed in on using automated verification technology for three of these four pillars (i.e. asset via AccountChek and Employment…(read more)

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Fannie and Freddie Updates Including Duty to Serve, Risk Sharing, HARP, HAMP, ULDD, etc.
Fannie and Freddie Updates Including Duty to Serve, Risk Sharing, HARP, HAMP, ULDD, etc.
Mortgage
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MBS Day Ahead: First Econ Data of the Week, Not That it Probably Matters

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 and under the 'General Commentary' heading (which still shows up on MND for free, but delayed). 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 first legitimate economic…(read more)

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MBS Day Ahead: First Econ Data of the Week, Not That it Probably Matters
MBS Day Ahead: First Econ Data of the Week, Not That it Probably Matters
Mortgage
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New Condo Rules' Risks and Rewards; Markets Keep Moving, Rates Keep Staying The Same; CFPB/HUD Fire Away

Mortgage rates are officially checked out for the holidays . Today marked the third straight day with very little change from the previous day’s rates, despite plenty of justification from market movement. This worked against us yesterday as markets suggested lower rates, but it worked in our favor today as bond markets were slightly weaker (bond weakness implies higher rates). In general, lenders have rates set a bit higher than they otherwise would be during a more active time of year, and thus don’t need to worry about adjusting rates too much in either direction, unless markets make a much bigger move. 4.375% remains the most prevalent conventional 30yr fixed quote for top tier scenarios. Several lenders still up at 4.5%. The average effective rate is just a hair under the highest levels
New Condo Rules' Risks and Rewards; Markets Keep Moving, Rates Keep Staying The Same; CFPB/HUD Fire Away
New Condo Rules' Risks and Rewards; Markets Keep Moving, Rates Keep Staying The Same; CFPB/HUD Fire Away
Mortgage Newsletter
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MBS RECAP: Recent Range Intact Despite Morning Weakness

Posted To: MBS Commentary

The holiday theme continued today, with bonds trading inside the range that's been intact since last week's Fed festivities. As I'll likely mention a few more times before the end of the year, the lighter volume and liquidity associated with late December trading makes it easier for imbalances to have an effect on trading levels. That was the case this afternoon as news that would have been insignificant on any other day caused a reaction in oil prices that would have been inconsequential to bond markets on any other day. This time around, the drop in oil prices made for a noticeable reaction . Bonds had been drifting into weaker and weaker territory for most of the morning, but were finally able to find their footing after the move in oil. That was the first and last meaningful…(read more)

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MBS RECAP: Recent Range Intact Despite Morning Weakness
MBS RECAP: Recent Range Intact Despite Morning Weakness
Mortgage
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Markets Keep Moving, Rates Keep Staying The Same

Posted To: Mortgage Rate Watch

Mortgage rates are officially checked out for the holidays . Today marked the third straight day with very little change from the previous day’s rates, despite plenty of justification from market movement. This worked against us yesterday as markets suggested lower rates, but it worked in our favor today as bond markets were slightly weaker (bond weakness implies higher rates). In general, lenders have rates set a bit higher than they otherwise would be during a more active time of year, and thus don’t need to worry about adjusting rates too much in either direction, unless markets make a much bigger move. 4.375% remains the most prevalent conventional 30yr fixed quote for top tier scenarios. Several lenders still up at 4.5%. The average effective rate is just a hair under the highest levels…(read more)

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Markets Keep Moving, Rates Keep Staying The Same
Markets Keep Moving, Rates Keep Staying The Same
Mortgage
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