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Corinne Cordon

MBS RECAP: Bonds Begin Heading For The Exits, Hoping to Avoid Drama

Posted To: MBS CommentaryAfter seeing today’s trading–especially when we consider it in the context of recent technical levels and yesterday’s bounce around 2.25% in 10yr yields–it seems increasingly clear that bonds are doing that thing they sometimes do as the weekend is approaching. Namely, they’ve entered a narrow, sideways range, and they look none too …

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Mortgage Rates Improve as Lenders Catch up With Yesterday’s Gains

Posted To: Mortgage Rate WatchMortgage rates fell today despite relatively uneventful movement in underlying bond markets (which drive day to day changes in rates). The net improvement can be explained by the timing of yesterday’s improvement. Simply put, bonds improved late in the day (following the 2pm release of the Fed Minutes). That market improvement …

Mortgage Rates Improve as Lenders Catch up With Yesterday’s Gains

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PHH v. CFPB – Recording of the Arguments, a Webinar About Yesterday’s Action, What’s Next?

Posted To: Pipeline PressMontana may have its issues with politicians vying for the WWE title belt, but the state does seem to steer clear of cyberattacks. At least, it does in this hypnotic hacking attempt map . PHH & CFPB drama continues Yesterday the Court of Appeals rehearing of the CFPB/PHH case took place to …

PHH v. CFPB – Recording of the Arguments, a Webinar About Yesterday’s Action, What’s Next?

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Low and Sideways, Mortgage Rates Play Waiting Game; Bond Markets Hoping For Drama; Households Shift Toward Buying

Mortgage rates were slightly higher for the 3rd straight day, continuing a modest bounce back from the year’s lowest rates last Wednesday. In a nutshell, bond markets (which dictate mortgage rates) reacted in a big way to last week’s political headlines, and have since been biding their time as markets wait for further developments. In …

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Mortgage Rates Higher, Volatility Looms; GSE Reform vs Housing Finance Reform

Mortgage rates continued higher for the 2nd straight day after hitting the lowest levels in more than 7 months earlier this week. Wednesday’s big move lower was a direct result of political headlines relating to potential wrongdoing in communications between Trump and former FBI Director Comey concerning the FBI’s investigation into former National Security Advisor …

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Refis Hurt More During Crisis; Pull-Through Declines; Rates Rise From 7-Month Lows

Conventional wisdom, the lending version, holds that refinance loans are inherently less risky than purchase loans, but a recent analysis from the Urban Institute (UI) refutes this contention. In fact, Linda Goodman, Co-director of UI’s Housing Finance Policy Center says rampant refinancing probably played a major role in the housing crisis. Goodman, writing in UI’s …

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