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| Noticeably Lighter Volatility. Why? | ||
| 3/25/2026 3:04 PM | ||
| Noticeably Lighter Volatility. Why? Wednesday offered a welcome break from the pervasive volatility seen since the start of the Iran war. It was among the narrowest trading ranges of any single day in March, especially during domestic trading hours. This is somewhat surprising considering the preponderance ...Read More | ||
| Rates Ease Despite Conflicting Iran War Headlines | ||
| 3/25/2026 1:55 PM | ||
| The past 24 hours have seen multiple news stories with seemingly contradictory updates regarding the state of the Iran war. There"s a ceasefire. There"s no ceasefire. There"s negotiation. There"s no negotiation, etc. As far as the rate market is concerned, the most important development has been the general appearance of a shift toward diplomacy a...Read More | ||
| Non-QM, Data Source, MI Checklist, Pipeline Valuation Class Tools; Farewell PHH Name | ||
| 3/25/2026 11:00 AM | ||
| Products, Services, and Software for Brokers and Lenders A restaurant can seem like the picture of efficiency…until the kitchen falls behind. Guests are seated, orders are taken, and everything appears to move seamlessly. But when what happens up front is not fully connected to what is happening behind the scenes, delays build quickly, and the ex...Read More | ||
| Bonds Showing Some Optimism About Turning Point in The War | ||
| 3/25/2026 8:39 AM | ||
| There have been various comments from U.S. officials about ending the war for several weeks (i.e. on March 9th, Trump said the war could be over soon). Yesterday"s developments (Trump comments on the war being "won" and the 30-day ceasefire news from Israel) are being taken more seriously by markets or at least seriously enough to get trading level...Read More | ||
| Juxtaposition of Escalation and De-escalation Keeping Bonds Volatile | ||
| 3/24/2026 3:03 PM | ||
| Juxtaposition of Escalation and De-escalation Keeping Bonds Volatile Tuesday was notable for financial markets" attempts to trade the Iran war due to the conspicuous juxtaposition of newswires that spoke to opposing developments. Around 1pm ET, troop deployment news sent yields to the highs of the day. A li...Read More | ||
| Highest Mortgage Rates Since August 2025 | ||
| 3/24/2026 2:35 PM | ||
| March 2026 continues to be an unpleasant month for mortgage rates--a fact almost exclusively due to the Iran war. Even if the war were to end today, there"s been sufficient disruption to infrastructure and a big enough initial spike in energy prices to create what economists refer to as "second round effects." In simpler terms, this means that infl...Read More | ||
| eNote, AI, Servicing, Data Tools; Trigger Lead Adjustments; FICO Investigation; Home Price Appreciation is Complicated | ||
| 3/24/2026 10:49 AM | ||
| Sometimes life comes down to a coin toss. Here in Virginia Beach, at the Southern Trust Mortgage Sales Summit, a conversation topic is originators not leaving their business to chance. Pricing practices are rarely left to chance, and Senator Josh Hawley (R-Mo.) sent a letter to the CEO of Fair Isaac Corporation (FICO), to inform the company of his ...Read More | ||
| Victory For Cynics as Ceasefire Rebound is Already Over | ||
| 3/24/2026 8:43 AM | ||
| Even though there were doubts about their scope and impact, yesterday morning"s headlines introduced the prospect of some sort of ceasefire in the Iran war. Markets traded accordingly, including the "doubts" part (i.e. there was an initial rebound yesterday and an additional rebound this morning). 10yr yields have now fully erased yesterday morning...Read More | ||
| Decent Gains Amid De-Escalation Headlines | ||
| 3/23/2026 2:54 PM | ||
| Decent Gains Amid De-Escalation Headlines Don"t worry about what actually happened, who actually spoke to whom, and the details of the conversations that may or may not have happened. Today"s simplest fact is that the President said things that can be filed under the heading of "de-escalation" of the I...Read More | ||
| Mortgage Rates Move Modestly Lower Amid Market Volatility | ||
| 3/23/2026 2:34 PM | ||
| Mortgage rates are dictated by bonds and bonds had a volatile day. During overnight trading hours, bonds suggested we should brace for the impact of even higher rates. Things changed just after 7am ET following headlines that suggested progress on the Iran war. Although volatility continued in the ensuing hours, bonds ultimately settled in s...Read More | ||