First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks.
Mortgage rates spike to highest levels in nearly two months The Washington Post
From NYC to PDX – these renters made the move and even found room for a pup!
Also, private money is expected to return to the mortgage securitization market, according to lenders who responded to an Altisource survey.
Today’s mortgage and refinance rates Average mortgage rates edged higher yet again yesterday. Of the last six working days, they’ve risen on five and fallen on just one. Still, each […]
Posted To: MND NewsWire
Black Knight says the number of loans in forbearance saw a significant decline over the past week , driven, as the company had said to expect, by plans expiring at the end of January. There was a net decrease of 45,000 active plans (-1.6 percent), the first improvement in three weeks. There are still 47,000 plans which were scheduled to expire on January 31 which are currently being reviewed by servicers for an extension or removal. This may mean additional modest declines over the next few days. The greatest improvement was to the FHA and VA loan numbers. Those combined portfolios shrunk by 2 percent or 23,000 loans. Twelve thousand loans in the Fannie Mae and Freddie Mac (GSE) portfolios left forbearance, a -1.3 percent change. The total forbearances serviced for bank portfolios and private…(read more)
Today’s mortgage rates keep climbing | February 5, 2021 Fox Business
âItâs time for us to stop treating the purchase mortgage as some kind of market impediment or red flag for our forecasts,â says Chairman of JJAM Financial and former Ginnie Mae President Joseph Murin
Economic data is traditionally one of the key contributors to interest rate movement. Of the regularly-scheduled reports, none has more market-moving street cred than The Employment Situation–otherwise known as “the jobs report” or simply NFP (due to its headline component: Non-Farm Payrolls). The relationship between econ data and rates can wax and wane. Covid definitely threw a wrench in the works, and economists still don’t know exactly how things will shake out. In general, the market is trading on the assumption that things continue to improve even if the data isn’t making that case today. In fact, today’s jobs report specifically suggests something quite different . The economy only created 49k new jobs in January, and the last few reports were revised much lower to boot. Taken together
Posted To: MBS Commentary
Stop me if you've heard this one before, but the bond market is in the midst of a big-picture correction from the all-time lows seen in the middle of 2020. The correction has taken the form of modestly-sloped 'trend channel' (parallel lines marking higher highs and higher lows in Treasury yields). A week ago today, yields bounced at the lower end of that trend channel, thus introducing the risk of a move back to the other side (the higher side!). Resilience on Friday and Monday offered hope that yields could find a lower ceiling before making such a move, but based on bond trading within the past 48 hours, the risks remain. Hope remains as well, due to the fact that yields are still technically trying to hold under the 1.125% level which has provided support on 9 of the past 17…(read more)