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Mortgage Rates Make a More Serious Recovery
Mortgage rates spiked sharply on Monday, hitting the highest levels in more than a month as escalation fears ramped up surrounding the Iran war. Yesterday technically saw some recovery, but it may as well have been an "unchanged" day. Now today, we're seeing a more legitimate recovery with the avera
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TBA Settlement, Non-Agency, Due Diligence, AI, Warehouse Tools; How Old is Your House?
“What do you call an aging actor who has finally paid off his house? Mortgage freeman.” Servicing is a highly important component of that, and I was fortunate to attend Sagent Ignite in Phoenix yesterday; we have a special live podcast today that was recorded from the event. Mortgagees follow demogr
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Big Overnight Recovery on Peace Deal Reports
There was one, big, obvious market mover overnight. At 4:50am ET, Axios reported that the U.S. and Iran are close to signing a one page memo of understanding to end the war. Oil and bond yields were already in recovery mode, but this kicked things into higher gear. Most of the gains remain even afte
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Data Didn't Hurt, But Bonds Underperformed The Oil Price Recovery
Data Didn't Hurt, But Bonds Underperformed The Oil Price Recovery Today's headline is somewhat misleading. It points out the fact that oil prices made it back to yesterday's lows whereas bond yields didn't even come close. This is all true, assuming we're looking at front month oil prices. But if we
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