Both Fannie Mae and Freddie Mac (the GSEs) have told their borrowers and mortgage servicers that they are offering immediate relief options to those affected by Hurricane Ida . The assistance is available to homeowners financed by either GSE whose homes or places of employment located in presidentially-declared Major Disaster Areas. These are localities where federal individual-assistance programs are available to affected individuals and households. Those areas are currently on the Gulf Coast, but it appears likely there will be flooding along Ida's path into other Southern and mid-Atlantic states. On Friday, while forecasts did not fully anticipate the storm's ultimate strength, CoreLogic, which provides data to the insurance as well as the mortgage industry, sent out the following. "CoreLogic

August 30, 2021 Download our Mobile App: Download our Mobile App: Housing News GSEs Outline Available Hurricane Ida Relief Both Fannie Mae and Freddie Mac (the GSEs) have told their borrowers and mortgage servicers that they are offering immediate relief options to those affected by Hurricane Ida . The assistance is available to homeowners financed by either GSE whose ho... (read more) Rob Chrisman Ops, MLO Jobs; Wholesale Products; Sales, CRM Products; Disaster Updates; Upcoming Training and Events The Texas Mortgage Bankers Association conference is in full swing. Folks tell me that servicing is a big topic in informal hallway discussions. MCT data indicates that lenders are selling 65 percent servicing retained, primarily to the Agencies, 35 ... (read more) Housing News Inventories Continue to Constrain Home Purchase Activity While existing home sales have increased in the last two months after a four-month slump, those sales don't look especially bright as we head into the fall and winter doldrums. The National Association of Realtors® (NAR) says pending home sales d... (read more) Mortgage Rates Mortgage Rates Higher This Week, But Stabilized Today 30 Yr. Fixed Rate 6.79% +0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.79% +0.04 0.00 15 Yr. Fixed 5.99% +0.01 0.00 30 Yr. FHA 6.29% +0.02 0.00 30 Yr. Jumbo 6.89% +0.04 0.00 7/6 SOFR ARM 6.35% +0.03 0.00 30 Yr. VA 6.30% +0.01 0.00 Updates Daily - Last Update: 7/7 15 Yr. Fixed Rate 5.99% +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 MBS Live Recap: Powell Sticks to Script. Bonds Like It UMBS 30YR 5.5 99.44 -0.05 Price / Yield Change MBS UMBS 5.5 99.43 -0.05 UMBS 6.0 101.28 -0.05 GNMA 5.5 99.68 -0.05 GNMA 6.0 101.22 -0.05 Pricing as of: 7/8 5:03AM EST 10 Year US Treasury 4.4002 +0.0188 Price / Yield Change US Treasury 2 YR Treasury 3.905 +0.006 5 YR Treasury 3.972 +0.015 7 YR Treasury 4.170 +0.017 10 YR Treasury 4.402 +0.020 30 YR Treasury 4.939 +0.023 Pricing as of: 7/8 5:03AM EST Latest Video Estimated $40 billion in damage from Hurricane Ida Pending home sales fall 1.8% in July The 9am Bond Report - August 30, 2021 Markets think there will be a slower Fed taper timeline: El-Erian Around the Web CNBC The national eviction ban is over. But renters still can't be forced out in these states Calculated Risk Blog Reis: Apartment Vacancy Rate unchanged in Q2 at 5.3% Calculated Risk Blog Housing Inventory August 30th Update: Inventory Unchanged Week-over-week, Up 41% from Low in early April Fannie Mae Fannie Mae Reminds Homeowners and Mortgage Servicers of Assistance Options for Those Affected by Hurricane Ida CNBC Homebuyers sign fewer contracts in July, as high prices chill the summer market Reuters Housing affordability to worsen near-term, even as price rises cool off: Reuters poll Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC Treasury yields tick lower as investors await key jobs report CNBC European markets head for higher open, reflecting buoyant global sentiment Reuters Fed's Powell holds fast to 'this year' timeline for bond-buying taper Calculated Risk Blog August 27th COVID-19: Cases Might be Peaking CNBC A key jobs report in the week ahead could drive the next big market move Federal Reserve Powell, Monetary Policy in the Time of Covid

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