BBYS, Trigger Lead, Document Generation, AI Rollout Tools; Pennymac's Spector on Strategy

Products, Services, and Software for Brokers and Lenders What if the biggest driver of servicing costs isn’t your volume, staffing, or vendor stack… but the gaps between them? Clarifire’s new blog, “What’s Really Driving Cost Per Loan in Servicing?” explores a hidden operational challenge many servi

Starting Out Weaker vs 5pm or Stronger vs 3pm

One major milestone in anyone's market-watching journey is when they learn that "the close" (close of business, closing bell, etc.) means different things to different people. If we consider electronic futures trading or cash trading in overseas markets, bonds are only really closed for 2 hours a da

Big Round Trip in Oil Prices and Bond Yields

Big Round Trip in Oil Prices and Bond Yields There was no denying the spillover from oil price volatility to the bond market this morning, even if it took quite a lot of the former to move the latter. At its apex, the oil surge was the largest daily move on record at over $26/bbl (just over a 28% ju

Mortgage Rates Finish Flat After Starting Higher

Mortgage rates began the day at the highest levels in a month. The move up versus Friday was only moderate, but Friday's levels were already fairly close to early Feb's highs. Oil prices continue putting upward pressure on rates, but with several caveats. It takes quite a big move in oil to motivate