Real Estate News
21 Mortgage Questions You Should Know the Answer To
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I thought it would be helpful to create a post that answers a lot of top “mortgage questions” that consumers tend to ask in one convenient place. You should know the answers to all of these questions if you’re serious about getting a mortgage and ready to buy a home. Additionally, you might be better [&hellip

The post 21 Mortgage Questions You Should Know the Answer To first appeared on The Truth About Mortgage.

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Remax-affiliated Motto Mortgage doubles originations in 2020
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The mortgage brokerage franchisor added 30 operating offices and had its best year yet for unit sales.…Continue readingRemax-affiliated Motto Mortgage doubles originations in 2020
MBS Day Ahead: It Was a Trap… Don’t Expect Stocks to Save Us
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Posted To: MBS Commentary

Yesterday saw yields hold at just slightly lower highs on an intraday basis, thus offering a glimmer of hope for a bond bounce. We discussed the risk that this was a trap, and so far today, it looks like it was. 10yr yields are over 1.4% and UMBS 2.5 coupons are now the only game in town. Where is that giant squid guy from Star Wars when you need him? The bond market weakness is sharper and more relentless than many market watchers anticipated. One common topic of conversation among those hoping for a bounce is the interplay between stocks and bonds. Late 2018 is fresh in our minds with widespread belief that "high rates" precipitated a stock sell-off which, in turn, helped rates move lower. I won't say "that's not what happened," because that dynamic was in play...(read more)

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New anti-money-laundering requirements could worsen loan turn times
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The Anti-Money Laundering Act passed in 2020 and implemented this
3 questions for homeowner education expert Danielle Samalin
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Framework Homeownership CEO Danielle Samalin answered FP’s queries about advising clients who are buying their first homes.…Continue reading3 questions for homeowner education expert Danielle Samalin
Mortgage and refinance rates today, Feb. 27, and rate forecast for next week
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Today’s mortgage and refinance rates  Average mortgage rates fell a little or held steady yesterday (Friday). Unfortunately, it was the only glimmer of light in a gloomy week that saw […]…Continue readingMortgage and refinance rates today, Feb. 27, and rate forecast for next week
MBS RECAP: Nice Bounce! Now What?
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Posted To: MBS Commentary

Nice Bounce! Now What? - An early bounce turned into an even bigger, friendlier bounce at the end of the day - Biggest reason for the gains is the losses that preceded them (momentum/technicals/tradeflows) - Still following the 2.5 coupon - Still would like to see better confirmation of a new range with next week's trading (but yes, this is the most promising bounce of this cycle) - RECORD day for positive reprices Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Core PCE Price Index (y/y) 1.5 vs 1.4 f'cast, 1.4 prev Chicago PMI 59.5 vs 61.1 f'cast, 63.8 prev Market Movement Recap 08:39 AM Early supportive bounce in Asia with 10yr yields pushed as low as 1.45%. No major push-back in Europe. Very narrow in recent context. Small, positive reaction to tame inflation data at 8:30...(read more)

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SitusAMC buys warehouse mortgage lender, continuing acquisition streak
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SitusAMC has completed its acquisition of Street Resource Group (SRG),
People on the move: Feb. 26
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Homepoint Financial creates chief diversity and inclusion officer position, PennyMac appoints CEO to two chairman roles and more of the latest hiring and promotion announcements in the mortgage industry.…Continue readingPeople on the move: Feb. 26
Freddie Mac’s 12-Month Portfolio Growth Nears Half Trillion
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Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 16.1 percent in January compared to a 22.4 percent gain in December. The portfolio balance at the end of the period was $2.777 trillion compared to $2.740 trillion the prior month and $2.339 trillion a year earlier. Purchases and Issuances totaled $120.128 billion and Sales were ($.588) billion. The December numbers were $129.639 billion and ($1.330) billion, respectively. Single-family refinance loan purchase and guarantee volume was $84.5 billion in January compared to $77.6 billion in December, representing a 73 percent share of total single-family mortgage portfolio purchases and issuances, up from 70 percent the previous month. Purchases in Freddie Mac's Mortgage Related Investments Portfolio...(read more)

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