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Mortgage News Daily

Low Rates and Strong Jobs Numbers Bolster Builder Confidence

Posted To: MND NewsWire

The Housing Market Index (HMI) continues to recover from the plunge it took in November and December when it dropped an aggregate of 12 points. The National Association of Home Builders (NAHB)/Wells Fargo measure of builder confidence in the market for newly-built single-family homes added another 4 points in February to the 2 it gained in January. It now standards at 62 on a 100-point scale. "Ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel builder sentiment," said NAHB Chairman Randy Noel. "In the aftermath of the fall slowdown, many builders are reporting positive expectations for the spring selling season." Derived from a monthly survey that NAHB has been conducting for 30 years, the HMI gauges builder perceptions...(read more)

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MBS Day Ahead: Trading Range on Borrowed Time

Posted To: MBS Commentary

For all of the potential market movers that anyone can discuss so far in 2019, we really haven't seen any concerted effort to take yields higher or lower from key technical levels. The higher of those levels was implied by late 2018 trading and the floor was seen 2 days into 2019. These can be seen as the upper and lower horizontal lines on today's chart. But bonds weren't content to merely trade in that historically narrow range. By February, the horizontal levels shrunk from 2.82 to 2.75, and from 2.55 to 2.62. And even then, the predisposition has been to trade narrower and narrower (yellow lines). This so-called consolidation range is now clearly living on borrowed time , as it won't take much movement in either direction to break. Keep in mind that when the yellow lines...(read more)

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Marketing, Training Products; Another Wholesaler Exits; Conforming News

Posted To: MND NewsWire

Where’s John Mellencamp when you need him ? Lenders in rural areas know that over half of U.S. farm households lost money farming in the past few years. In 2018, the median (half above, half below) farm income for U.S. farm households was -$1,548. U.S. farm debt hit more than $409 billion in 2018, the largest sum in four decades, and farming’s Chapter 12 bankruptcy filings have been on the rise in the past several years . Lender Products and Services Through the expertise of third-party service providers, AIM automates the manual processes of assessing borrower assets and income. AIM reduces the burden of traditional documentation, speeds up the loan origination process and helps you close loans faster. Freddie Mac is working hard to bring you solutions that create efficiencies...(read more)

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Barbara Jenkins
Loganville, GA 30052

Direct: 678-639-0700
Mobile/Text: 404-401-0569

Solid Source Realty
Corporate office
10900 Crabapple Road, Roswell GA 30019
Office: 770-475-1130 Ext 4769

Fax:888-607-0732
Email: barbara@thehouseofsold.com

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