Piggy Bank and coins
Female hands holding symbol of house with balloon and symbol of dollar on natural green background, Save money for prepare in future and Banking concept

Mortgage Daily News

See below for information related to mortgage, real estate and housing matters from our friends at Mortgage Daily News.

Mortgage Daily News

See below for information related to mortgage, real estate and housing matters from our friends at Mortgage Daily News.

  • Movement Mortgage Expands Sales Leadership to...

    INDIAN LAND, S.C. — Movement Mortgage, one of the nation’s largest retail mortgage lenders, is excited to announce changes to its senior sales leadership team with the promotion of company veterans Matt Schoolfield, Chris Shelton, and Kisha Weir to Divisional Leaders. They will be responsible […]

  • Optimism as mortgage rates rise

    The average mortgage rate hasn’t risen this high since the end of July 2020. Higher rates signal an economy that’s slowly regaining its footing, noted Sam Khater, Freddie Mac’s chief economist, reported by HousingWire. Rising rates certainly didn’t slow new home sales in January. The U.S. […]

  • What is an FHA Streamline Refinance and do I...

    With home loan interest rates hovering near historic lows, many homeowners are wondering, “What about me? I took out a mortgage some time ago when rates weren’t as attractive as they are now. Is there something I can do?” The answer is, “Absolutely!” For those of you who aren’t clear, […]

  • Movement expands Indianapolis market with...

    Movement Mortgage, a national top 10 retail mortgage lender, is excited to announce the addition of Market Leader Michelle Banning to the Indianapolis, Indiana market. Banning will be based out of Fishers, a popular suburb.  Banning brings nearly a decade of experience to the Movement Mortgage […]

  • Mortgage rates spike, but there’s no reason to...

    Now that things are starting to look brighter, rates are rising to places they haven’t been in months. They’re being pushed up by optimism over vaccinations and the relief bill working its way through Congress – and by fears that an improving economy will spark inflation. Zillow economist […]

  • Construction Spending Rising Twice as Fast as...
    by Jann Swanson on March 1, 2021 at 9:00 pm

    Posted To: MND NewsWireConstruction expenditures started 2021 displaying the same imbalance between the growth of residential and non-residential spending that had dominated much of 2020. The U.S. Census Bureau said overall spending in January was at a seasonally adjusted annual rate of $1.522 […]

  • MBS RECAP: Too Strong to Give Up Hope. Too Weak...
    by Matthew Graham on March 1, 2021 at 8:57 pm

    Posted To: MBS CommentaryToo Strong to Give Up Hope. Too Weak to Rest Easy - New week, new month, new chance for yields to confirm a ceiling after last week's rout - Mixed results for bonds today with early weakness and a late bounce (especially for MBS) - Very poor liquidity in MBS (buyers and […]

  • MBS Day Ahead: Battle For The Bounce (And...
    by Matthew Graham on March 1, 2021 at 3:13 pm

    Posted To: MBS CommentaryAfter Friday's impressive (and much-needed) bounce toward lower yields, the new week/month took on even greater importance than normal as a venue for a shift in the recently ultra-bearish tone. In other words, yields have been surging relentlessly higher, and it's about […]

  • Ops, MLO Jobs; Sales, Non-QM, HELOC Products;...
    by Rob Chrisman on March 1, 2021 at 2:36 pm

    Posted To: Pipeline PressWith the jump up in mortgage rates Thursday, and the move back down Friday, a few lock desk personnel wrote to me over the weekend asking about ways of keeping LOs who floated when rates were low, or locked loans at the bottom, off their back . Here you go . Certainly, the […]

  • Brutal Week For Rates But There's Hope (Hopefully)
    by Matthew Graham on February 26, 2021 at 10:49 pm

    Posted To: Mortgage Rate WatchRising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We've certainly been discussing it in recent newsletters ( especially last week's ). The rising rate narrative hit the mainstream this week as […]

  • MBS RECAP: Nice Bounce! Now What?
    by Matthew Graham on February 26, 2021 at 10:47 pm

    Posted To: MBS CommentaryNice Bounce! Now What? - An early bounce turned into an even bigger, friendlier bounce at the end of the day - Biggest reason for the gains is the losses that preceded them (momentum/technicals/tradeflows) - Still following the 2.5 coupon - Still would like to see better […]

  • Forbearances Post Typical Mid-Month Increase
    by Jann Swanson on February 26, 2021 at 7:42 pm

    Posted To: MND NewsWireBlack Knight reports a second increase in the number of loans in pandemic related forbearance plans in as many weeks. Forborne loans rose by 21,000 during the week ended February 23 after falling below 2.7 million for the first time since last April earlier this month. The […]

  • Lenders Hiring MLOs; Correspondent, Tech,...
    by Rob Chrisman on February 26, 2021 at 2:28 pm

    Posted To: Pipeline PressHuh? Rates don’t continually go down and then stay there for an indefinite period of time? No, they don’t. There’s this opinion piece in the Wall Street Journal: “We’ll Have Herd Immunity by April. COVID cases have dropped 77% in six weeks. Experts should level […]

  • Freddie Mac's 12-Month Portfolio Growth Nears...
    by Jann Swanson on February 26, 2021 at 2:15 pm

    Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 16.1 percent in January compared to a 22.4 percent gain in December. The portfolio balance at the end of the period was $2.777 trillion compared to $2.740 trillion the prior […]

  • Fannie/Freddie COVID Programs Extended to Match...
    by Jann Swanson on February 26, 2021 at 2:11 pm

    Posted To: MND NewsWireDeadlines for COVID-19 related relief for borrowers with Fannie Mae and Freddie Mac (GSE) mortgages were extended by the Federal Housing Finance Agency (FHFA) for the second time in a little over two weeks. The agency said the new changes were made to bring GSE programs into […]

  • Mortgage Rates Are Now Well Over 3 Percent
    by Matthew Graham on February 25, 2021 at 10:28 pm

    Posted To: Mortgage Rate WatchMortgage rates WISH they were still at 2.97%--the number conveyed today by Freddie Mac's weekly survey. Freddie's data is accurate when it comes to capturing broad trends over time, but can really fall short when the bond market is experiencing elevated volatility. To […]

  • MBS RECAP: Video Time Corresponds With Market...
    by Matthew Graham on February 25, 2021 at 9:58 pm

    Posted To: MBS CommentaryJust When You Thought It Wouldn't Get Much Worse Staggeringly weak day for bonds. 2.0 MBS coupon is now irrelevant. 2.5 is only game in town Lots of general motivations to discuss (watch the video), but the 7yr auction was the only obvious moment for cause & effect Econ […]

  • Pending Home Sales Post 5th Straight Loss
    by Jann Swanson on February 25, 2021 at 3:47 pm

    Posted To: MND NewsWireJanuary marked the fifth straight month that the National Association of Realtors® (NAR) has reported a decline in its Pending Home Sales Index (PHSI). The index, based on newly signed contracts for the purchase of existing homes, was down 2.8 percent from its December […]

  • Ops, MLO Jobs; Cap. Mkts., Valuation, Default,...
    by Rob Chrisman on February 25, 2021 at 3:44 pm

    Posted To: Pipeline PressAs hope for a recovery drawing nearer helps push rates higher, Carol K. writes, “I hate it when people ask me what I do for fun because there is no classy way to say, ‘Binge drink.’” The approaching 1003 form mandatory changes may cause some people to turn to […]

  • MBS Day Ahead: Just When You Thought It Wouldn't...
    by Matthew Graham on February 25, 2021 at 3:37 pm

    Posted To: MBS CommentaryIt got much worse. Bond yields were up more than 8bps by the open with the 10yr just a hair under 1.47%. It might be hard for traders to avoid ringing the 1.50% bell even if bonds manage to bounce today or in the next few days. The kicker is that the weakness lacks the sort […]

  • Highest Mortgage Rates Since June 2020
    by Matthew Graham on February 24, 2021 at 9:33 pm

    Posted To: Mortgage Rate WatchAs of today, you'd have to go back to June 2020 to see higher mortgage rates. This is courtesy of an ongoing move in the bond market that has longer-term rates/yields surging higher at the quickest pace since the pandemic began. The broader bond market has actually […]

  • MBS RECAP: Is It Another Trap and Which Coupon Do...
    by Matthew Graham on February 24, 2021 at 9:18 pm

    Posted To: MBS CommentaryIs It Another Trap and Which Coupon Do I Watch Now? Yesterday's bond market resilience offered hope for a bounce, but those hopes were crushed by new weakness this morning. The move took MBS to their worst levels since last March and Treasuries, since February 2020. Bonds […]

  • New Home Sales on the Rise 4.3% in January
    by Jann Swanson on February 24, 2021 at 5:28 pm

    Posted To: MND NewsWireNew home sales continued the turnaround, started in December, that ended three straight months of slowing sales. The U.S. Census Bureau and Department of Housing and Urban Development said newly constructed homes were sold in January at a seasonally adjusted annual rate of […]

  • Delinquency Rate Lowest in COVID Era; but...
    by Jann Swanson on February 24, 2021 at 4:18 pm

    Posted To: MND NewsWireLoan performance continued to improve in January although the number of delinquencies remains significantly elevated from pre-pandemic levels. Black Knight's first look at the month's loan performance data has both good news and some that is disquieting. The good news is a […]

  • MBS Day Ahead: It Was a Trap... Don't Expect...
    by Matthew Graham on February 24, 2021 at 2:49 pm

    Posted To: MBS CommentaryYesterday saw yields hold at just slightly lower highs on an intraday basis, thus offering a glimmer of hope for a bond bounce. We discussed the risk that this was a trap, and so far today, it looks like it was. 10yr yields are over 1.4% and UMBS 2.5 coupons are now the […]

  • MLO Jobs; Servicing, Customer Service,...
    by Rob Chrisman on February 24, 2021 at 2:02 pm

    Posted To: Pipeline PressThere’s a cost to staying at home as much as we do. I went to the doctor the other day. She told me, “I’ve got good news and bad news. The good news is that your weight is perfect. The bad news is that you’re two feet too short.” What is the cost of you keeping a […]

  • Mortgage Application Volume Continues Decline
    by Jann Swanson on February 24, 2021 at 1:43 pm

    Posted To: MND NewsWireThe volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, dropped 11.4 percent on a […]

  • MBS RECAP: Glimmer of Hope in Bonds, But It Might...
    by Matthew Graham on February 23, 2021 at 9:37 pm

    Posted To: MBS CommentaryGlimmer of Hope in Bonds, But It Might Be a Trap Bonds started the day in roughly unchanged territory and promptly began tanking. This was a bigger deal for MBS than Treasuries as the latter managed to stay UNDER yesterday's intraday high yields. Heavy losses in stocks at […]

  • December Home Price Gains Highest Since 2014
    by Jann Swanson on February 23, 2021 at 4:25 pm

    Posted To: MND NewsWireBoth the S&P CoreLogic Case-Shiller and The Federal Housing Finance Agency (FHFA) report that the country ended the year with more than a 10 percent annual increase in home prices. The Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census […]

  • MLO, Ops Jobs; Underwriting, Loss Mit, Broker,...
    by Rob Chrisman on February 23, 2021 at 3:56 pm

    Posted To: Pipeline Press(To listen to the audio version of today’s commentary, please click here .) Being home schooled was the goodest thing I ever did! Disparities in mortgage approval rates and higher student loan debt are contributing to a significant gap between Black and White home owners, […]

We scour the internet daily to bring you the latest in news, money saving tips, home improvements, and so much more.

Sign up below and receive all of our money saving updates!



    I agree that I am a U.S. resident, I am at least 18 years old, and I agree to the Privacy Policy and Terms & Conditions

    I understand by submitting my email address that I will receive daily email from The Home Money Guide until I unsubscribe

    We scour the internet daily to bring you the latest in news, money saving tips, home improvements, and so much more.

    Sign up below and receive all of our money saving updates!



      I agree that I am a U.S. resident, I am at least 18 years old, and I agree to the Privacy Policy and Terms & Conditions

      I understand by submitting my email address that I will receive daily email from The Home Money Guide until I unsubscribe

      Skip to content