The long-planned Uniform Mortgage-Backed Security (UMBS), designed to replace the current to be announced- (TBA) eligible MBS issued separately by Fannie Mae and Freddie Mac (the GSEs) will become a reality on June 3 , 2019. While still more than a year away, the Federal Housing Finance Agency (FHFA), the regulator and conservator of the GSEs said it was announcing the target date for the first issue to provide "market participants with certainty about the timing of the Enterprises' transition to UMBS and enable them to make the preparations necessary to ensure that the transition is smooth." The new UMBS will be issued through the Enterprises' joint venture, Common Securitization Solutions (CSS), using the Common Securitization Platform (CSP). FHFA said its announcement coincides with three

March 28, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.25% -0.04%   6.11% 7.26% 15 Yr. Fixed 5.71% -0.01%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 28, 2018 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.25% -0.04 0.00 15 Yr. Fixed 5.71% -0.01 0.00 30 Yr. FHA 5.99% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.64% -0.01 0.00 30 Yr. VA 6.01% 0.00 0.00 Updates Daily - Last Update: 9/15 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 5.5 101.29 +0.16   97.47 101.61 UMBS 30YR 6.0 102.45 +0.05   99.66 102.50 10 YR Treasury 4.040 -0.026   3.621 4.780 MBS Live Day Ahead: Bonds Best Move of 2018, Day 2 Wed, Mar 28, 2018 9:18AM Without a discussion on important technical levels and without looking at one of several pieces of technical analysis, yesterday looks like any other bigger rally day on a chart of 10yr yields.  But when we consider that it was the first time ... (read more) MBS Live Recap: Stock Selling, Month-End Buying, and Short-Covering = Oh My! Tue, Mar 27, 2018 5:23PM I'm not sure I've heard anyone genuinely say "oh my!" by way of exclamatory response in quite a while.  But the odds increased today with a rather surprising 3/8ths point gain in MBS and a 7.5bp drop in 10yr yields.  Why surprising?    First of all, there was nothing big and meaningful on the event calendar, and even in hindsigh... (read more) MBS Price Change UMBS 5.0 99.91 +0.28 UMBS 5.5 101.29 +0.16 UMBS 6.0 102.45 +0.05 GNMA 5.0 100.24 +0.24 GNMA 5.5 101.23 +0.09 GNMA 6.0 101.98 -0.02 Pricing as of: 9/15 8:22PM EST US Treasury Yield Change 2 YR Treasury 3.537 -0.016 5 YR Treasury 3.600 -0.030 7 YR Treasury 3.792 -0.024 10 YR Treasury 4.040 -0.026 30 YR Treasury 4.661 -0.021 Pricing as of: 9/15 8:22PM EST Other News Fannie/Freddie Joint MBS Arrives in June, 2019 Wed, Mar 28, 2018 2:49PM The long-planned Uniform Mortgage-Backed Security (UMBS), designed to replace the current to be announced- (TBA) eligible MBS issued separately by Fannie Mae and Freddie Mac (the GSEs) will become a reality on June 3 , 2019. While still more than a year away, the Federal Housing Finance Agency (FHFA), the regulator and conservator of the GSEs said it was ann... (read more) Pending Home Sales Spring Back in February Wed, Mar 28, 2018 10:39AM While it didn't serve to completely recoup the 4.7 percent loss in January, pending home sales did snap back strongly in February . The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) rose to 107.5 from a revised 104.3 (from 104.6) in January, an increase of 3.1 percent. Even with the February rebound, the PHSI lagged Feb... (read more) Mortgage Volumes Among Best of Year Wed, Mar 28, 2018 8:27AM Applications for both refinancing and home purchases gained ground during the week ended March 23. The result was the largest week-over-week gains for overall loan volume since mid-January. The Mortgage Bankers Association's (MBA's) Market Composite Index a measure of application volume, jumped 4.8 percent on a seasonally adjusted basis compared to the week ... (read more) Appraisal News; Utah Sinkholes; FHFA Addresses AMC's Value and Quality Wed, Mar 28, 2018 9:13AM Supply and demand drive markets and prices, including luxury items and especially housing. What do you give the person who has everything? How about a pretty personalized credit card ? “Each card takes over 100 man-hours of delicate and painstakingly meticulous work. Aurae master jewelers craft your designs into precious metal and stone; providing you ... (read more) Latest Video Dow in correction territory Weak demand at $29 billion 7-Year note auction Pending home sales up 3.1% in February Around the Web Calculated Risk Blog Zillow Case-Shiller Forecast: More Solid House Price Gains in February consumerfinancemonitor.com Where are the CFPB's complaint and supervisory highlights reports? CNBC These costs are taking a $20,000 bite out of your home's sales price NAR - Realtor.com Apartment Rents Stay Steady Despite New Supply Calculated Risk Blog Reis: Apartment Vacancy Rate increased in Q1 to 4.7% The Basis Point Debunking Media Hype About San Francisco Population Decline: CHARTS Freddie Mac Freddie Mac Statement on the June 2019 Implementation of the New UMBS blog.stewart.com State Employment Data February 2018 Updated Bureau of Labor Statistics Data Series Calculated Risk Blog Q4 GDP Revised up to 2.9% Annual Rate Bloomberg Warehouses Are Now Worth More Than Offices, Thanks to Amazon CNBC An $800 billion disconnect between the Fed and Treasury is ballooning in bonds: Wells Fargo NY Times What to Expect From the Housing Market This Spring Bloomberg Treasuries Finally Give In to Tech Turmoil

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