evan@evanhitch.com

UAD 3.6, Spec Pool Tools; Credit Report FICO Program; Client and Market Trends For LOs to Monitor

Products, Services, and Software for Brokers and Lenders Yesterday this Commentary mentioned a guide titled, “AI in the Workplace: Acceptable Use Policies, Data Risk, and the Discovery Trap.” Many wrote for the piece, which is now posted on the internet! Spring EQ (NMLS# 1464945) is hosting a webinar next week (Tuesday, April 14 at 2:00 […]

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No Whammies in CPI Data (And No Bond Market Reaction)

The median forecast for monthly core CPI was 0.28% (0.3 after rounding up for most econ calendars). Today’s actual number was 0.196–obviously quite a bit lower than forecasts. In addition, supercore fell to .179 from .349. Despite those victories, forecasts correctly predicted a sharp rise in headline inflation which moved up from 2.4% to 3.3%

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Roughly Unchanged After Moderate Headline-Driven Volatility

Roughly Unchanged After Moderate Headline-Driven Volatility As has been the recent custom, there were dueling headlines concerning the Iran war today with opposing claims regarding the status of the Israel/Lebanon ceasefire. If that sounds like kind of a stretch when it comes to bond market significance, bond traders agreed.  That said, it was still traded

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Commercial, UAD 3.6, Data Analysis Tools; AI Governance, Consistency, and Focusing on the Basics

VantageScore, created in 2006, is a joint venture by the three major credit bureaus (Equifax, Experian, and TransUnion). Will it change your lending process? Possibly. Do government regulations change your lending process? States have trigger lead requirement overlays, over and above what was enacted at the Federal level in March. (Talk to your attorney.) Some

Commercial, UAD 3.6, Data Analysis Tools; AI Governance, Consistency, and Focusing on the Basics Read More »

Flood of Data. No Real Reaction. Back to Watching Headlines

The overnight session leading into this morning’s open was completely sideways–especially compared to yesterday’s example. The boatload of econ data line items did nothing to change that. Expectations weren’t high anyway. GDP (Q4) and monthly PCE (February) are both too stale to matter. Jobless Claims were a mixed bag with initial claims rising substantially and

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Mortgage Rates Only Slightly Lower After Ceasefire News

It’s a fluid situation in financial markets on Wednesday. The 2-week ceasefire in the Iran war caused a big reaction last night, but the benefit to the bond market (bonds dictate rates) has been increasingly wiped out during domestic hours.  If we measure the reversal versus yesterday’s closing levels at 5pm ET, the reversal is

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Property Mining, AI Processing Tools; STRATMOR on subservicing; LOs and Re-Engaging Clients; Cease Fire and Rates

U.S. population growth slowed sharply between July 2024 and July 2025, rising just 1.8 million people (0.5 percent) to 341.8 million, the weakest growth since the early pandemic. This was driven primarily by a steep 54 percent drop in net international migration from 2.7 million to 1.3 million (the result of ICE?), while births and

Property Mining, AI Processing Tools; STRATMOR on subservicing; LOs and Re-Engaging Clients; Cease Fire and Rates Read More »

Logical Rally After Ceasefire Agreement

The wheels were already in motion by the time yesterday’s recap came out, and participants in the MBS Live chat room were already high-fiving as we watched overnight price movement yesterday evening (and also hoping there wouldn’t be some counterintuitive head fake).  As the domestic session gets underway, things are proceeding very logically with bonds

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