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Fri, 24 Jun 2016

MBS RECAP: Bonds Keep Reasonable Amount of Brexit Mega-Rally

Posted To: MBS Commentary10yr yields were as low as 1.406 overnight, but moved up to the mid 1.5's by the close MBS were up nearly 7/8ths of a point at their best, but will have to settle for "only" about 5/8ths of a point Trading was driven by Brexit, exclusively. Data was ignored Too soon t...
Fri, 24 Jun 2016

Single Best Day For Mortgage Rates in More Than a Year

Posted To: Mortgage Rate WatchMortgage rates plummeted today following the surprise victory of the referendum for the U.K. leaving the European Union (aka "Brexit"). This joins the ranks as one of the few days in history where rates have moved a full eighth of a point in a single day. There have ...
Fri, 24 Jun 2016

CFPB Targets Servicer Technology in Updated Exam Procedures

Posted To: MND NewsWireAfter two years of supervision and examinations of mortgage servicers by the Consumer Financial Protection Bureau (CFPB) the agency has criticized the industry's level of compliance and issued an updated mortgage servicing exam manual. CFPB said, two years of examinations h...
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