Two Texas civil rights groups and the National Fair Housing Alliance are suing the Trump Administration over enforcement of the Fair Housing Act. The suit, specifically naming Secretary of Housing and Urban Development Secretary Ben Carson as Defendant , charges violations of the 1968 Fair Housing Act. While the impetus of the suit was concern over the allocation of relief funds for housing and infrastructure rebuilding to victims of Hurricane Harvey on the Gulf Coast, the plaintiffs are principally suing over Carson's January cancellation of a 2015 HUD rule known as the Affirmatively Furthering Fair Housing provision. The rule required communities receiving federal housing dollars to draft plans to end segregation in their communities based on race, income, ethnicity, or physical disability

May 9, 2018 Download our Mobile App: Download our Mobile App: Housing News Oh, the Irony. HUD Sued Over Fair Housing Violations Two Texas civil rights groups and the National Fair Housing Alliance are suing the Trump Administration over enforcement of the Fair Housing Act. The suit, specifically naming Secretary of Housing and Urban Development Secretary Ben Carson as Defenda... (read more) MBS Commentary MBS Live Day Ahead: Last Week Increasingly Looks Like an Eye of The Storm For Bonds Most of April had been bad for bonds.  It was like the beginning of yet another storm in a series that had battered the fixed-income coastline since last September (when the tax bill was "leaked").  Just after yields crested 4-year highs ex... (read more) Housing News Optimism Over Selling Sends Housing Index to Record High Five out of the six components of Fannie Mae's Home Purchase Sentiment Index (HPSI) gained ground in April, driving the index to a new all-time high . However, the sixth component showed consumers considerably less invested in it being a good time to... (read more) Rob Chrisman ARM and Jumbo Updates; FHA/VA, Manufactured Lender Trends Psst… want a snapshot file that contains the national HMDA datasets as of April 18th, 2018 for all HMDA reporters, as modified by the Bureau to protect applicant and borrower privacy? Here you go . Versus 2016, there were 1 million fewer home ... (read more) Housing News Mortgage Applications Drift Sideways; Purchases Still Dominating On one hand it could be said that mortgage application volume declined last week for the third straight week. Or, one could conclude that the changes were so insignificant that they hardly matter. The Mortgage Bankers Association said its Market Comp... (read more) MBS Commentary MBS Live Recap: Sellers Say "Not So Fast" to Last Week's Bond Buyers 2.95% in 10yr Treasury yields had become a bit of a battleground last week.  Even in the week prior, there were two big bounces there (3 if you count Monday's 2.96%).  By the end of last week, it looked like a done deal.  The only ca... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/5 8:50PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/5 8:50PM EST Latest Video Stocks taking rising yields and oil in stride April’s producer price index rises President Trump expected to withdraw from the Iran nuclear deal Around the Web Bloomberg California Becomes First State to Mandate Solar on New Homes Bloomberg Corporate America Is Staring Down a $4 Trillion Wall of Refinancing CNBC The 10 best states for turning a profit on flipping a house CNBC Trump's Iran nuclear deal exit may spark a sanctions battle with Europe that the US already lost once CNBC All the signs are there for higher pay, but 'mystery of missing wage growth' continues Calculated Risk Blog Trends in Educational Attainment in the U.S. Labor Force CNBC Wholesale inventories up 0.3% in March, vs 0.5% gain estimate CNBC US wholesale prices creep up just 0.1% in April Bloomberg Bond Traders Seek a New Kind of 3% at Treasury's 10-Year Auction Fannie Mae Housing Confidence Hits New All-Time High | Fannie Mae Calculated Risk Blog Four Years Ago: Housing Doom and Gloom consumerfinancemonitor.com Top CFPB officials describe recent changes at the Bureau Calculated Risk Blog Update: Housing Inventory Tracking

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