ARCHIVED BLOG POSTS
What happened yesterday? Mortgage backed securities (MBS) lost -64 basis points from Monday's close which caused pricing to worsen (higher mortgage rates). From November 1st's open to yesterday's close, MBS have lost -86 BPS so far this month. Our benchmark FNMA 3.50 November mortgage backed s...
How will QM/ATR affect your business? (Part 1) Last week we sent you a link of the 22 minute video produced by the Consumber Financial Protection Bureau, to give you some backdrop about what QM and ATR were. This week let's dig a bit deeper in how it will affect your business.Ability to Repay re...