As part of an upgrade to its Desktop Underwriter (DU) that will be issued over the December 8 weekend, Fannie Mae says there will be some adjustments to the credit risk assessment functions. The company says the changes are part of prudent risk management and are meant to account for 2018 market conditions including rising interest rates, waning refinances, and higher loan-to-value (LTV) lending. The announcement notes that the new version, DU 10.3, is intended to help the company's customers serve their borrowers in a manner that is reflective of current market realities. Fannie may says the new version will continue to analyze each loan casefile using variables that have shown to be predictive of mortgage delinquency. It will also, at a time when lending volume is expected to decline, address

October 25, 2018 Download our Mobile App: Download our Mobile App: Housing News Key Changes For Fannie Mae's Desktop Underwriter Coming in Dec As part of an upgrade to its Desktop Underwriter (DU) that will be issued over the December 8 weekend, Fannie Mae says there will be some adjustments to the credit risk assessment functions. The company says the changes are part of prudent risk manag... (read more) Mortgage Rate Watch Mortgage Rates Stuck in The Mud Mortgage rates were unchanged yet again , making this the third day in a row at essentially the same levels. Strikingly, underlying market movement was quite different compared to yesterday. It's striking because underlying market movement drives cha... (read more) Housing News At Last, A Positive Housing Report! The National Association of Realtors® (NAR) just issued the first positive pending home sales report in months . Pending sales, a leading indicator for existing home sales, rose slightly in a month which saw declining sales of existing homes and ... (read more) Rob Chrisman Underwriting, Sales tools; Subservicer Product; Credit Union Primer; Legal News The IRS ruled on the tax treatment of business meals? True .) Congressional Bank buying McClean Mortgage? (Rumor.) A loan officer at Umpqua stealing a processor's lunch from the lunchroom refrigerator? (Still researching.) Wall Street firms increasin... (read more) MBS Commentary MBS Live Day Ahead: Bonds Fight to Maintain Recent Gains With slightly weaker levels overnight, the rest of the day becomes a fight to maintain the gains seen so far this week.  The easiest and most basic observation about those gains is that they've come courtesy of much weaker stock prices.  In... (read more) MBS Commentary MBS Live Recap: Bonds More Willing to Listen to Stocks' Sob Story Yesterday was ' neat ' for a while--at least in the morning hours when massive stock losses helped bonds achieve their best levels in weeks.  Then stocks bounced in the afternoon and most of the bond market gains were erased. Today was a carb... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 -0.01 Price / Yield Change MBS UMBS 5.5 99.92 -0.01 UMBS 6.0 101.58 +0.00 GNMA 5.5 100.07 +0.01 GNMA 6.0 101.43 +0.03 Pricing as of: 7/1 10:27PM EST 10 Year US Treasury 4.2446 +0.0054 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.004 5 YR Treasury 3.833 -0.006 7 YR Treasury 4.017 +0.004 10 YR Treasury 4.243 +0.004 30 YR Treasury 4.766 -0.001 Pricing as of: 7/1 10:27PM EST Latest Video Fed in trouble no matter what it does, says economist Higher prices preventing millennials from being able to buy homes, expert s... Fed's Clarida says further rate hikes are likely appropriate Around the Web Reuters Amazon third-quarter sales miss estimates NAR - Realtor.com More Than One-Third of Homeowners Are Paying for Renovations With Credit Cards CNBC Fed's new Vice Chair Clarida backs more rate hikes in first major policy speech Reuters Mind your language! Markets obsess about central bank lingo CNBC Here's why many young people today are not buying houses Reuters U.S. business spending on equipment slowing; goods trade deficit rises NAHB Eye on Housing FHA Mortgages Finance Growing Share of New Home Sales Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 215,000 CNBC ECB's Draghi speaks after central bank leaves rates unchanged CNBC Trump's attacks on Jerome Powell are justified, market researcher says Reuters Wall Street on course for bounce after tech selloff The Basis Point Realtors Spend Record $26 Million On Lobbying Calculated Risk Blog Housing and Recessions

© 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.