MBS Day Ahead: Bond Momentum Shifts to Neutral Ahead of Bigger Market Movers

Posted To: MBS Commentary

Friday and Monday were (relatively) great days for bond markets. For our purposes, at least, they signified an important push back against the more serious selling that began after the house passed the budget bill (the one that cleared the way for tax reform) on October 20th. Here's the recap from the 20th, if you want to get caught up. Yesterday and today (what we've seen so far, anyway) have been relatively more sideways an infinitely more equivocal. While this isn't typically the way the last and first days of the month play out (we usually see more volatility around the change-over between months), we can reconcile this instance of flat bond trading as a product of indecision or anxiety ahead of the upcoming Fed and tax reform news. Today brings the FOMC Announcement itself...(read more)

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Broker Events; Regulatory-Driven Lender Changes; FHLB News

Posted To: Pipeline Press

Sometimes things can be misleading, or don’t tell the whole story. For example, a 15-oz. bottle of Naked Green Machine juice smoothie has more sugar in it than 5 Krispy Kreme original glazed donuts. (Yup. 53 vs. 50 grams. But what is more nutritious?) Employment data is often accused of being misleading, but hiring always picks up during the holidays and United Parcel Service is adding 95,000 seasonal workers for the holidays. The company expects holiday season deliveries will rise 5 percent, to 750 million. On an average day, UPS handles 19 million packages, a figure that roughly doubles around the holidays . And, like Paul Ryan, UPS drivers rarely turn left . And Jeb Hensarling, staunch opponent of financial regulation, is retiring. What's up with that? Lender Events for Brokers If...(read more)

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Broker Events; Regulatory-Driven Lender Changes; FHLB News

Posted To: Pipeline Press

Sometimes things can be misleading, or don't tell the whole story. For example, a 15-oz. bottle of Naked Green Machine juice smoothie has more sugar in it than 5 Krispy Kreme original glazed donuts. (Yup. 53 vs. 50 grams. But what is more nutritious?) Employment data is often accused of being misleading, but hiring always picks up during the holidays and United Parcel Service is adding 95,000 seasonal workers for the holidays. The company expects holiday season deliveries will rise 5 percent, to 750 million. On an average day, UPS handles 19 million packages, a figure that roughly doubles around the holidays . And, like Paul Ryan, UPS drivers rarely turn left . And Jeb Hensarling, staunch opponent of financial regulation, is retiring. What's up with that? Lender Events for Brokers If...(read more)

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The Genius Small Bedroom Trick That Works for Kids & Adults

Although children may not take up much space with their physical persons, they sure do have a lot of stuff. So storage is a primary consideration when it comes to kids' rooms. These nine spaces may not be very large, but the key to creating storage in them is clever built-ins of all shapes and sizes.

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Purchase Apps Almost Break Even While Refis Slide

Posted To: MND NewsWire

The week ended October 27 saw yet another decline in mortgage applications, making it the sixth week out of the last seven that the Mortgage Bankers Association (MBA) Market Composite Index has fallen. The index, a measure of application volume, was down 2.6 percent on a seasonally adjusted basis during the week ended October 27. On an unadjusted basis the Index decreased 3 percent when compared to the previous week. As has been the recent case, the decrease was distributed across both purchase mortgages and refinances. The Refinance Index was down 5 percent from the week ended October 20 and has also posted only a single increase in the last seven weeks. The Purchase Index dipped 1 percent seasonally adjusted and 2 percent unadjusted. The unadjusted Purchase Index was 10 percent higher than...(read more)

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Purchase Apps Almost Break Even While Refis Slide

Posted To: MND NewsWire

The week ended October 27 saw yet another decline in mortgage applications, making it the sixth week out of the last seven that the Mortgage Bankers Association (MBA) Market Composite Index has fallen. The index, a measure of application volume, was down 2.6 percent on a seasonally adjusted basis during the week ended October 27. On an unadjusted basis the Index decreased 3 percent when compared to the previous week. As has been the recent case, the decrease was distributed across both purchase mortgages and refinances. The Refinance Index was down 5 percent from the week ended October 20 and has also posted only a single increase in the last seven weeks. The Purchase Index dipped 1 percent seasonally adjusted and 2 percent unadjusted. The unadjusted Purchase Index was 10 percent higher than...(read more)

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Stop Buying Actual Garbage

I enjoy saving money, and as an obvious corollary, I hate wasting it. So when I put something that I spent money on in the garbage can, it rankles my frugal sensibilities and I wonder, Did I really have to buy that? Here's how to stop buying things that will, shortly after they're used, end up in the trash — and when it's okay to say yes to the disposables.

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