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Non-QM, QC, Cash Flow Worksheet, Virtual Economist, Home Equity Closing Products; FHA/VA News
It is no secret that Congress and regulators have trouble keeping up with technology. But is an AI “conversation” with a borrower any different than a questionnaire given to that same borrower? Will the line be drawn at RESPA items? Can regulators audit transcripts of AI “conversations” without cour
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Re-Settling Into Same Narrow Range Amid Lack of Data
Some days, there's a lot to say about what's going on in the bond market. Other days are like today. Analysts have to lean on themes like trading ranges, technicals, and the asset allocation trade (buy stocks / sell bonds, and vice versa). Incidentally, those default explanations continue to hold so
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Calmly Holding in Super Strong Territory
Calmly Holding in Super Strong Territory MBS may not be quite as high as they were yesterday, but in the bigger picture, today's levels are right in line with the best we've seen in more than 3 years. More importantly, mortgage rates are verifiably at the best levels in more than 3 years. There was
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Mortgage Rates Match Multi-Year Low For 2nd Straight Day
The average top-tier mortgage rates made it back to 5.99% yesterday for the first time since January 9th and only the second time in more than 3 years. With rates holding perfectly steady today, this is the 3rd day that matches that multi-year low. In one important way, the past 2 days represent a b
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