Kelli Marchbanks
Coldwell Banker Brokers of the Valley
Cell: 707-815-5815
Fax:707-253-1042
kmarchbanks@cbnapavalley.com




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Real Estate News
Mortgage Rates Modestly Higher to Start The Week
Mon, 22 Apr 2019 20:54:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were higher again on Monday, but just barely. The average lender was still in worse shape on Tuesday or Wednesday of last week when rates were the highest they'd been in about a month. Rates reflect demand..[read more]

March Home Sales Couldn't Repeat February's Win
Mon, 22 Apr 2019 15:53:05 GMT

Posted To: MND NewsWireThe question this morning was whether March's existing home sales could build on the strong numbers posted in February, an 11.8 percent increase from the prior month with a seasonally adjusted pace of 5.51 million. It was the l..[read more]

MBS Day Ahead: Limited Data as Rates Try to Find Next Ceiling
Mon, 22 Apr 2019 13:48:55 GMT

Posted To: MBS CommentaryAre we or are we not headed toward a global economic contraction in mid-to-late 2019? Or are such things on hold for another year or two? Inquiring traders want to know. They'd been trading as if a contraction was a more ..[read more]

Non-QM, HELOC Products; Specified Pool Primer; LO Comp and Licensing Update
Mon, 22 Apr 2019 13:19:22 GMT

Posted To: Pipeline PressRemember NINA loans from 10-15 years ago where the lender would purposely discard anything in the file dealing with income because underwriters didn’t want documentation? Several lenders are now promoting no income, no ..[read more]

Fannie Mae: Residential Investment, Home Sales Will Improve in 2019
Mon, 22 Apr 2019 12:22:19 GMT

Posted To: MND NewsWireFor the second month in a row we find ourselves stating that Fannie Mae's forecast , while still predicting a slowdown in economic growth this year, appears overall more upbeat than in the previous month . The April report is s..[read more]

Residential Construction Lags Expectations, Except in the West
Mon, 22 Apr 2019 12:14:48 GMT

Posted To: MND NewsWireContrary to expectations, all three of the residential construction measures from the U.S. Census Bureau and the Department of Housing and Urban Development fell in March . Not only were they lower than in February, but they we..[read more]

MBS RECAP: Europe to The Rescue
Thu, 18 Apr 2019 18:31:04 GMT

Posted To: MBS CommentaryGlobal economic data is big business for the bond market these days. With no end in sight to the domestic economic expansion (note: 1.6% vs 0.9% f'cast in today's Retail Sales and another decades-long low in Jobless C..[read more]

Mortgage Rates Recover Modestly After Big Losing Streak
Thu, 18 Apr 2019 18:06:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have generally been moving higher since March 28th after they bottomed out at the lowest levels in well over a year. At the time, investors were tuned-in to the Fed's concerns about the global economy. Gra..[read more]

Lower Rates Have Slight Impact on New Loan Stats
Thu, 18 Apr 2019 15:01:06 GMT

Posted To: MND NewsWireContinuing declines in interest rates had some impact along the margins of loan originations in March. Ellie Mae's Origination Insight Report for March reports that 30-year fixed-rate mortgages originated during the month had a..[read more]

MBS Day Ahead: EU Weakness Helping US Bonds, But Don't Count Chickens
Thu, 18 Apr 2019 14:10:23 GMT

Posted To: MBS CommentaryDespite the presence of a big economic report like Retail Sales (which came out much higher than expected) or the unique event risk presented by the Barr report, the defining moment of the trading day will turn out to be the ..[read more]

Paper on FHA Changes; Tech Report; Compliance and Ops News
Thu, 18 Apr 2019 13:15:41 GMT

Posted To: Pipeline PressExperienced originators know that lending is a numbers game. Every 100 cold calls result in 20 conversations, which result in 5 potential leads, which result in 1 closed loan. Or whatever personal ratios are. Not only that, b..[read more]

Lenders Manage Tiny Profits in 2018 Despite Rate Hikes, Inventories
Thu, 18 Apr 2019 12:20:01 GMT

Posted To: MND NewsWireDespite their fourth quarter loss reported last month, independent mortgage banks and bank mortgage subsidiaries still managed, albeit barely, to stay in the black last year. The Mortgage Bankers Association (MBA) said that ban..[read more]

MBS RECAP: Bonds Battle Back After Opening Weakness
Wed, 17 Apr 2019 21:06:56 GMT

Posted To: MBS CommentaryAs feared, bonds were gearing up for the raft of big-ticket economic data in China overnight. On balance, that data was quite a bit better than expected. The resulting selling spree was thus fairly logical. 10yr yields nearly..[read more]

Mortgage Rates Quickly Find Themselves at 1 Month Highs
Wed, 17 Apr 2019 19:54:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued higher for the 5th day in a row today. This brings the average lender to the highest levels in exactly one month. At issue: a series of stronger economic reports at home and abroad have eased con..[read more]

New Tax Rules May Have Added to Housing Slowdown
Wed, 17 Apr 2019 14:48:16 GMT

Posted To: MND NewsWireTwo New York Federal Reserve Bank economists are asking whether the tax reform act that went into effect at the beginning of 2018 is playing a role in the decline of home sales. Richard Peach and Casey McQuillan, writing in Lib..[read more]

MBS Day Ahead: Bonds Successfully Predict Chinese Rebound
Wed, 17 Apr 2019 13:06:38 GMT

Posted To: MBS CommentaryOver the years, there have been more times than I can count where the financial media has mistakenly assigned some significance to news or events in China. The past week has had its moments in that regard, but this time aroun..[read more]

Non-QM Products; Mortgage Mergers Roll On; QE Still Influencing Rates - a Primer
Wed, 17 Apr 2019 12:31:35 GMT

Posted To: Pipeline PressEconomic doldrums? Probably not – but there is always someone out there claiming dire straits are right around the corner. A CNBC survey of Wall Street experts finds over 96% do not anticipate a recession by summer 2020..[read more]

Purchase Volume Continues Higher Despite Rising Rates
Wed, 17 Apr 2019 12:17:35 GMT

Posted To: MND NewsWireIt would appear that Refis' time in the sun is listing back towards purchases, as mortgage rates increased for the second straight week and application volume retreated further . The Mortgage Bankers Association's Market Compos..[read more]

MBS RECAP: Bonds Keep losing Ground. Defensive Positioning or Something Worse?
Tue, 16 Apr 2019 21:11:00 GMT

Posted To: MBS CommentaryRates were flat to start the overnight session and didn't bat an eyelash at initial strength in equities markets during Asia-only trading hours. Things changes when European trading got underway with the sizable jump in t..[read more]

Mortgage Rates Highest in Nearly a Month
Tue, 16 Apr 2019 20:22:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose again today, albeit at a slightly slower clip compared to yesterday. Still, that's little consolidation considering this is the 4th straight day spent moving in that unfriendly direction. The average ..[read more]

Buyer Traffic Improves, Builders Still Leery of New Home Market
Tue, 16 Apr 2019 14:41:57 GMT

Posted To: MND NewsWireBuilder confidence levels as reported by the National Association of Home Builders (NAHB) remained in the low 60s in April, a space it has now occupied for three months. The NAHB/Wells Fargo Housing Market Index (HMI) a measure..[read more]

MBS Day Ahead: Be Careful What You Read and Whom You Trust
Tue, 16 Apr 2019 14:32:33 GMT

Posted To: MBS CommentaryReading the news this morning, I came across multiple articles with such bogus claims that I feel compelled to rant about it here. All of the offenders (I stopped looking after 3 out of 3 all said the same thing) suggested th..[read more]

Coaching, Underwriting, and Franchise Products; Tech Study; Fed Speeches This Week
Tue, 16 Apr 2019 12:22:07 GMT

Posted To: Pipeline PressThings aren’t always what they seem. Does the mainstream press, or politicians, think about how about how much money it takes to attract top talent to senior roles at top mortgage companies? Elizabeth Warren has led a n..[read more]

MBS RECAP: Bonds Defy Friday's Logic to Hold Flat
Mon, 15 Apr 2019 22:15:11 GMT

Posted To: MBS CommentaryWhat would you expect to care more about Chinese economic data: the US bond market or the Chinese stock market? Option 2? Good, I agree. Now, if you said that US bond yields and Chinese stocks were moving higher together in r..[read more]

Mortgage Rates Highest in More Than 3 Weeks
Mon, 15 Apr 2019 21:25:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued higher to start the week, following a relatively sharp increase on Friday. Interestingly enough, the underlying bond market was stable today. In other words, it didn't suggest higher rates. But t..[read more]

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