Both of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, which remain in government receivership ten years after the housing crisis, posted strong financial results for the third quarter of this year. Freddie Mac reported net income of $2.7 billion and comprehensive income of $2.6 billion while Fannie Mae's comprehensive and net were both $4.0 billion. Freddie Mac's results are slightly ahead of those in the second quarter when comprehensive income was $2.4 billion, but down from the $4.6 billion reported in the third quarter of 2017. The company realized $3.3 in net interest income and $728 million in derivative gains. The company said its results reflected continued strong earnings from guarantee fee income , which rose from $169 billion in the third quarter of

November 2, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Nov 2, 2018 Mortgage Rates Are Actually a Bit Higher This Week Thu, Nov 1, 2018 4:12PM It's Thursday! That means it's time, once again, to set the record straight on today's actual mortgage rates as opposed to those suggested by almost any other news article on the topic today. Why should you trust me as opposed to a multitude of financial journalists telling you something else? Simply put, they're relying on Freddie Mac's weekly mortgage rate survey (which can be unavoidably stale) whereas I'm using a multitude of actual lender rate sheets to derive a highly reliable/accurate average. Those using Freddie's numbers are relying predominantly on lender quotes from Monday and Tuesd... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 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 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Day Ahead: Here Comes the Jobs Report Fri, Nov 2, 2018 8:26AM This morning brings the often-important jobs report.  Traditionally, the key component has been nonfarm payrolls (NFP), which is just a tally of new jobs created during the past month.  NFP is especially important in times of transition&n... (read more) MBS Live Recap: Bonds Battle Back After a Ceiling Bounce Thu, Nov 1, 2018 4:54PM Today ended up being somewhat triumphant for bonds.  It didn't begin that way, however.  Yields were higher overnight and moved up just a bit more in the first hour and a half of domestic trading.  Early economic data was largely ignored. At 9:30am, bonds started improving .  Based on the timing, we can assume ETF trading played a key ... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 9:00PM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 9:00PM EST Other News Fannie/Freddie Post Healthy Profits, Resume Full Dividend Payments Fri, Nov 2, 2018 10:12AM Both of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, which remain in government receivership ten years after the housing crisis, posted strong financial results for the third quarter of this year. Freddie Mac reported net income of $2.7 billion and comprehensive income of $2.6 billion while Fannie Mae's comprehensive and net we... (read more) Multifamily Construction Boosts Residential Spending Numbers Thu, Nov 1, 2018 1:24PM Construction spending in September was largely unchanged from where it was in August. The U.S. Census Bureau said that private and public sector spending during the month was at a seasonally adjusted annual rate of $1.330 trillion, not statistically different from the 1.329.0 billion the previous month. The figure does represent a gain of 7.2 percent from Se... (read more) Subservicing Products; Lender Disaster News; Non-QM Securitization Fri, Nov 2, 2018 9:15AM Many states “gain an hour” Sunday morning by setting clocks back. Robots don’t care what time it is - will they build your next house? Companies like Modular Home Builder or Baltimore’s Blueprint Robotics Inc. are attracting attention. Houses are built on an assembly line, using robots that fire thousands of nails into studs each day ... (read more) Latest Video Fed cannot not hike right now: Bob Pisani Fed will see strong job numbers as reason to continue tightening, says stra... US economy added 250,000 jobs in October Around the Web Calculated Risk Blog October Vehicles Sales: 17.5 Million NAR - Realtor.com What's 8 Feet Wide and Has an Elevator? Manhattan's Tiniest Fancy Townhouses Calculated Risk Blog Public and Private Sector Payroll Jobs During Presidential Terms Bloomberg Mortgage-Bond Carnage Shows What the Future Holds Without Fed Help Bloomberg El-Erian Sees Higher Potential Growth in October Jobs Report Bloomberg RBC's Porcelli Sees Four Fed Hikes in 2019 Amid Tangible Wage Growth CNBC The salary you need to afford a home in the 14 biggest US cities Reuters Europe focuses on growth, Fed to follow mid-terms CNBC Grappling with an acute labor shortage, the construction industry is being forced to get creative NAHB Eye on Housing 30-Year Mortgage Rate Continued to Increase in September CNBC US Treasury yields jump after better-than-expected jobs report CNBC US trade deficit rises more than expected CNBC US created 250,000 jobs in Oct, vs 190,000 jobs expected

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