MBS RECAP: Was the Eclipse a Market Mover?

Posted To: MBS Commentary It's a good thing financial media outlets aren't too shy about covering topics outside the financial sphere because without the eclipse, there would have been nothing to talk about today. Volume and volatility dropped off a cliff, abruptly. In fact, the difference in tone was big enough that I wouldn't mind […]

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Mortgage Rates Steady at 2017 Lows

Posted To: Mortgage Rate Watch Mortgage rates held steady to start the new week. This keeps them in line with the best levels since November 2016. There were no interesting developments in financial markets or in terms of economic data today. Most news coverage was focused on the solar eclipse. It’s a good thing the […]

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Residential Investment Weighed Down Q2 GDP

Posted To: MND NewsWire Real residential investment subtracted from GDP in the second quarter of the year to the greatest extent since the third quarter of 2010. Fannie Mae’s August Economic Developments notes a 6.8 percent annualized decline, but the company’s economists expect that sector’s contribution to rebound in the third quarter. Residential investment was […]

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Freddie, Fannie, and Lender Shifts in Appraisal and Inspection Policies

Posted To: Pipeline Press What does $980k buy in the SF suburb of Vallejo, CA? A property designed by Julia Morgan (think Hearst Castle) with floating stairways, over-sized eves, massive beams, decks, and the use of exquisite wood wainscoting. The photos are sure impressive . Freddie and Fannie News, Lender Changes For wholesale and non-delegated […]

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