Freddie Mac is announcing a couple of enhancements to its Loan Advisor underwriting tool. The additional capabilities will allow lenders to automate the assessment of borrower income and assets to reduce documentation which the company says will significantly speed-up the approval process. There are several components to the advances which the company unveiled at the Mortgage Bankers Associations Annual Convention and Expo in Washington which began on Sunday. Automated collateral evaluation combined with collateral rep and warranty relief Automated assessments for borrowers without credit scores Automated asset and income validation. The automated collateral evaluation has been available in some form previously and with this announcement appears to be extended to condominium units . It is unclear

October 15, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.13% -0.12%   6.11% 7.26% 15 Yr. Fixed 5.71% +0.00%   5.54% 6.59% 30 Yr. Jumbo 6.15% -0.10%   6.15% 7.45% Compare Mortgage Rates from Local Lenders for Oct 15, 2018 Mortgage Rates Stay Steady, Waiting For a Sign Mon, Oct 15, 2018 4:43PM Mortgage rates were sideways to slightly higher today, prolonging a 3-day trend of exceptionally light volatility. The 5 days before that (beginning on Wednesday, October 3rd) were completely different, with a huge move higher at first followed by a moderate recovery at the beginning of last week. That recovery largely followed the stock market weakness. Stocks and rates don't always move in the same direction, but when stocks fall as quickly as they did last week, rates usually benefit. After such moves level-off, rates tend to wait for stocks to see if there will be an aftershock or a big bo... (read more) Mortgage Rates Hold Steady as Stocks Stabilize Fri, Oct 12, 2018 6:41PM Mortgage rates held relatively steady today, finally leveling off after two solid days of improvement driven by the week's big stock market sell-off. Stocks and rates don't always move in the same direction at the same time, but when stocks make a big move lower, rates tend to benefit. This week's move lower in stocks was the 3rd largest since the financial crisis. In that light, we only saw a mere token of improvement for mortgage rates, but we'll take what we can get considering it was the only meaningful drop in rates since August 10th. For most of the day, it looked like stocks might head ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.13% -0.12 0.00 15 Yr. Fixed 5.71% 0.00 0.00 30 Yr. FHA 5.91% -0.08 0.00 30 Yr. Jumbo 6.15% -0.10 0.00 7/6 SOFR ARM 5.65% +0.01 0.00 30 Yr. VA 5.92% -0.09 0.00 Updates Daily - Last Update: 9/16 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 100.00 +0.04   95.05 100.50 UMBS 30YR 5.5 101.28 +0.05   97.47 101.61 10 YR Treasury 4.014 -0.017   3.643 4.780 MBS Live Week Ahead: Did Bonds Get a Pass From Stocks Last Week? Mon, Oct 15, 2018 9:04AM Before last week's stock rout, bonds were stuck in a rut.  For four straight sessions, they hit the highest intraday yields since 2011.  Even after the 3rd biggest stock sell-off since the financial crisis, Treasuries were reluctant to ra... (read more) MBS Live Recap: Uneventful Conclusion to a Crazy Week Fri, Oct 12, 2018 7:07PM Referring to the week of bond trading as " crazy " is a bit of a stretch.  If we bring stocks into the mix, or if we go back to last Wednesday, it's been a crazy 7 business days (bonds were closed on Monday).   As you're well aware, stocks were in the spotlight this week and bonds couldn't have looked much less eager to cheer them on.  ... (read more) MBS Price Change UMBS 4.5 98.08 +0.04 UMBS 5.0 100.01 +0.06 UMBS 5.5 101.29 +0.06 GNMA 4.5 98.20 +0.04 GNMA 5.0 100.29 +0.08 GNMA 5.5 101.19 -0.01 Pricing as of: 9/17 6:56AM EST US Treasury Yield Change 2 YR Treasury 3.501 -0.002 5 YR Treasury 3.577 -0.010 7 YR Treasury 3.761 -0.010 10 YR Treasury 4.013 -0.018 30 YR Treasury 4.627 -0.025 Pricing as of: 9/17 6:56AM EST Other News Freddie Mac Announces More "Big Data" Tools Mon, Oct 15, 2018 10:27AM Freddie Mac is announcing a couple of enhancements to its Loan Advisor underwriting tool. The additional capabilities will allow lenders to automate the assessment of borrower income and assets to reduce documentation which the company says will significantly speed-up the approval process. There are several components to the advances which the company unveil... (read more) Digital Products, New Book for LO's; Big Bank Mortgage Earnings Mon, Oct 15, 2018 9:08AM What’s new here at the MBA’s conference in Washington DC? Plenty of secretive M&A closed-door meetings, continued talk that Ginnie is carefully eying non-bank approved Ginnie issuer’s financial situations, conjecture of MI reps’ jobs in the future if all the MI companies roll out pricing engines, and Fannie & Freddie eliminati... (read more) Latest Video Uncertainty on how the housing market will react to rates above 5 percent Cramer: Fed numbers are only going to get slower Business inventories up 0.5% in August Around the Web consumerfinancemonitor.com Regulation by Enforcement is Dead Bloomberg Hurricanes Blamed for Biggest Cuts to S&P 500 Earnings Estimates CNBC America's budget deficit expanded by $113 billion as spending surged Calculated Risk Blog House Prices and Inventory NAHB Eye on Housing Single-Family Residential Permits Decline in Northeast Reuters U.S. retail sales increase less than expected in September consumerfinancemonitor.com CFPB proposes to issue final rule on annual civil penalty adjustments Bloomberg Condo Flippers Aren't the Vancouver and Toronto Housing Culprits Redfin 20% of Recent Homebuyers Made an Offer Sight-Unseen, Down from 35% Late Last Year Reuters China central bank chief says plenty of room for monetary adjustments amid trade row Bloomberg Bond Traders Eye Fedspeak for Sign of Doubt After Stocks Swings Calculated Risk Blog Q3 GDP Forecasts Freddie Mac A New Solution to an Old Problem: Making it Easier for the Self-Employed to Get a Mortgage

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.