Compliance: The True Cost of Increased Regulation

Over the past couple of years, the mortgage industry has seen lenders of all shapes and sizes struggle to accommodate the increasing regulation brought about by Dodd-Frank legislation and TRID. The 2016 presidential campaign saw promises of decreased regulation which have yet to come to fruition. In the next couple of months, as we come… Read More »

Millennial Series: A Wave of Millennials and The Avocado Toast Effect

Of late, the internet has been rife with examples of how millennials are ruining pretty much everything. From restaurants, soap, wine corks, and retail stores, to the 9-5 work week, you name it and millennials have been credited with ruining it. (For more on this phenomenon see: Here are all the things millennials have been accused of… Read More »

Mind The Gap

Monday, the 10-year Treasury Bond (10YT) dropped to 2.175, the lowest point in almost 6 months, marking an important milestone as the 10YT now hovers in ‘the gap’ between 2.15 and 2.17. As the graph below illustrates, after the November election, the 10YT skyrocketed above 2.15 and we haven’t seen a return below those levels… Read More »

Better Get Used To It: Markets Volatile In The Wake Of Brexit

Friday 06/24, world markets opened to shock and chaos in the wake of news that the United Kingdom had decided in a vote of 51.9% to 48.1% to leave the European Union, a move seen only once previously when in 1982 Greenland decided to leave the EU. The result thus far can only be described… Read More »

Negative Interest Rates: What Are They And Should We Be Concerned?

For quite some time now, the financial world has been throwing around the buzz-term ‘negative interest rates’ that has some concerned and others confused, but what exactly are negative interest rates? A Negative Interest Rate Policy is enacted by a central bank (ie: the U.S. Federal Reserve) whereby the central bank charges depositors to keep… Read More »

Rising Treasury Yields Finally Quelled Ahead of Fed Decision

Today has finally seen the end of one-month highs on 10-year treasury yields. Anticipation for news from today’s FOMC meeting has put an end to the steady rise in yields seen throughout the month of April. Because mortgage rates typically track 10-year treasury yields, this is important news for the mortgage world, as evidenced by… Read More »

Exports and Ego, Why China Devalued Their Currency

Yesterday, China’s surprise devaluation of the Yuan sparked global market movement ultimately, resulting in mortgage rates quickly dropping below 4% on top tier conventional scenarios. Generally there is minimal link between China and movement of low mortgage rates in the U.S. however, yesterday’s news spooked global markets. The effects of which, have been felt broadly… Read More »