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AI, Title Waiver, Real Estate Auction, QC, eNote Tools; Financial Literacy Study; MBS Issuance
Today brings us the MBA of the Carolinas conference, where demographics, technology, and “building a team” are on the agenda. Here at the Michigan Mortgage Lender’s Association conference in Ypsilanti, tech is certainly “on the serving platter” in the sessions, but so is how originators should best
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Weaker Start. No New Reasons
Another week begins with the frustrating reality of the bond market selling just because there's no reason to buy. To be fair, 2yr yields are unchanged, but longer-dated yields are several bps higher than Friday afternoon. All this despite oil prices being lower and econ data being in line with expe
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Why Bonds Sold Off Despite Weaker Jobs Report
Why Bonds Sold Off Despite Weaker Jobs Report First off, read the AM commentary if you haven't already. This recap doesn't add much to that (but the video adds a lot). Bottom line, NFP was weaker, but that was the worst of the news. The unrounded unemployment rate barely budged and it would have mov
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Higher Rates Sapped Mortgage Demand, Surprising No One
Mortgage demand shocked no one by declining last week as mortgage rates climbed to their highest level in nearly three years. The Mortgage Bankers Association (MBA) reported a 6% drop in total mortgage application volume for the week ending September 25. Both sides of the market moved lower, with th
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