MBS Live Recap: Why Bonds Reacted to Such a Small Beat in The Jobs Data
Vice President Dan Quayle sagely observed, among other things, “If we don't succeed, we run the risk of failure." Is our housing market in danger of failing? Hardly. But lenders, big and small, continue to engage in personnel cutbacks, and grappling with companies offering all-cash programs as highlighted in the STRATMOR Group piece. But, like a marathon runner hitting mile 20, there are signs of weariness and the press is flooded with housing news. Attom Data reports a “jump” in foreclosures: 259,000 properties around the nation are in some stage of foreclosure, up nearly 13 percent from the 1st quarter. (The nationwide foreclosure moratorium, imposed early during the Coronavirus pandemic, was lifted at the end of July 2021.) On the builder side of things, what lender or LO doesn
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