From infrared to microwave, saunas are like so hot right now. But when it comes to those good ol' cozy, healthful feelings, nothing does it quite like the original firewood-stoked version — especially when that sauna happens to have scenic vistas and is literally floating on a lake in middle of hygge land itself.
Posted To: MND NewsWire
A new tool to measure the nation's largest consumer credit market came on-line this week. The new Mortgage Performance Trends tool, launched by the Consumer Financial Protection Bureau (CFPB) has the capacity to track the delinquencies in the $10 trillion mortgage market both locally and nationwide. CFPB said that knowing when consumers have fallen behind in their mortgage payments is important to assessing the health of mortgage markets nationwide and locally. The new tool tracks those rates and currently shows delinquency rates at their lowest points since the financial crisis. In addition to national data, the online tool features interactive charts and graphs with data on mortgage delinquency rates for 50 states and the District of Columbia at the county and metro-area level. Delinquencies...(read more)
Posted To: MBS Commentary
While the broader uptrend in rates remains technically intact, the first trading day of the week pushed back in a friendly direction. In fact, it was a continuation of a 2-day move that technically began with solid gains on Friday, thus inviting the question "is this the big bounce?" Rather than assume this is a reversal of the negative momentum that's been intact since the beginning of September, the safer plan for now is to view it as a consolidation ahead of the bigger decisions . We'll need to hear from Trump on the Fed Chair nomination before becoming too confident in the next wave of momentum. Between now and then, there's not much to be done from a strategic standpoint. We could obsess over this week's economic data--some of which is typically quite relevant...(read more)
Posted To: MND NewsWire
A new tool to measure the nation's largest consumer credit market came on-line this week. The new Mortgage Performance Trends tool, launched by the Consumer Financial Protection Bureau (CFPB) has the capacity to track the delinquencies in the $10 trillion mortgage market both locally and nationwide. CFPB said that knowing when consumers have fallen behind in their mortgage payments is important to assessing the health of mortgage markets nationwide and locally. The new tool tracks those rates and currently shows delinquency rates at their lowest points since the financial crisis. In addition to national data, the online tool features interactive charts and graphs with data on mortgage delinquency rates for 50 states and the District of Columbia at the county and metro-area level. Delinquencies...(read more)Posted To: MBS Commentary
While the broader uptrend in rates remains technically intact, the first trading day of the week pushed back in a friendly direction. In fact, it was a continuation of a 2-day move that technically began with solid gains on Friday, thus inviting the question "is this the big bounce?" Rather than assume this is a reversal of the negative momentum that's been intact since the beginning of September, the safer plan for now is to view it as a consolidation ahead of the bigger decisions . We'll need to hear from Trump on the Fed Chair nomination before becoming too confident in the next wave of momentum. Between now and then, there's not much to be done from a strategic standpoint. We could obsess over this week's economic data--some of which is typically quite relevant...(read more)Posted To: Pipeline Press
Hard to believe it is Halloween already, and lenders everywhere are mired down in contests. ("Remember the shipping department's M*A*S*H get-up last year?" "I'm convinced the accounting department rigged the books last year on the vote." "I still think post-closing's vampire brothel a few years ago was the best. Too bad all of them got fired.") Time marches on, and the U.S. states will change clocks this weekend, at the end of what is known as Daylight Saving Time (DST). DST always ends on the first weekend of November. But not every state adheres to this. Both Arizona and Hawaii have decided against DST. There are also efforts in New England and Massachusetts to stop using the system and move to the Atlantic Time Zone, an hour ahead of...(read more)
Posted To: Pipeline Press
Hard to believe it is Halloween already, and lenders everywhere are mired down in contests. (“Remember the shipping department’s M*A*S*H get-up last year?” “I’m convinced the accounting department rigged the books last year on the vote.” “I still think post-closing’s vampire brothel a few years ago was the best. Too bad all of them got fired.”) Time marches on, and the U.S. states will change clocks this weekend, at the end of what is known as Daylight Saving Time (DST). DST always ends on the first weekend of November. But not every state adheres to this. Both Arizona and Hawaii have decided against DST. There are also efforts in New England and Massachusetts to stop using the system and move to the Atlantic Time Zone, an hour ahead of...(read more)