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MBS RECAP: China Must be Buying

Posted To: MBS Commentary I laughed out loud today–something I rarely do when reading typed words–after MBS Live cornerstone Sung Kim quipped “thank God China is buying today!” This joke works on so many levels. Much of the week was…

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MBS Day Ahead: CPI is the New NFP, Sometimes

Posted To: MBS Commentary A majority of market participants (or their mentors) were steeped in the extraordinary inflation/rate volatility of the late 70’s and early 80’s. As the recovery from the financial crisis began, and as the Fed was pumping…

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Growing Concerns Over VA Loan Churning

Posted To: MND NewsWire A Ginnie Mae official told Congress this week that his agency has growing concerns over the incidence of “loan churning” in the VA mortgage program. Michel R. Bright, Ginnie Mae’s Executive Vice President and COO was…

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New Home Sales Defy Holiday Lull, Rising in December

Posted To: MND NewsWire Despite the usual holiday lull in overall mortgage applications, the demand for newly constructed homes increased in December. The Mortgage Bankers Association (MBA) said its Builder Applications Survey (BAS) found those applications were up 18 percent…

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A Dose of Digital Reality for Builders?

Posted To: MND NewsWire They may be a little late to the game, but John McManus, publisher of BuilderOnLine.com , is betting home builders are about to get a dose of digital reality . McManus, reporting from the Consumer Electronics…

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Mortgage Applications Heat Up After Holiday Lull

Posted To: MND NewsWire Mortgage application activity roared out of the gate in the first week of the New Year, as the country got back down to business. Much of the week’s gain could probably be attributed to consumers catching…

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