Freddie Mac just announced that it has implemented Release 1, utilizing the Common Securitization Platform (CSP) . The Release was launched on November 21 and enables Freddie Mac to transfer certain securities operations for its Gold participation certificates (PCs) and Giant PCs to the CSP and to Common Securitization Solutions, LLC (CSS) which operates CSP. Release 1 will pave the way for Release 2 , in which a Freddie Mac and Fannie Mae will develop a single mortgage-backed security they will issue to finance fixed-rate mortgage loans backed by one- to four-unit single-family properties. This is known as the Single Security Initiative (SSI), and the new issue as Uniform Mortgages-Baked Securities (UMBS) to be guaranteed by either of the government-sponsored enterprises (GSEs). The resulting

December 8, 2016 Download our Mobile App: Download our Mobile App: Housing News Major Milestone For Joint Fannie/Freddie MBS Freddie Mac just announced that it has implemented Release 1, utilizing the Common Securitization Platform (CSP) . The Release was launched on November 21 and enables Freddie Mac to transfer certain securities operations for its Gold participation ce... (read more) Housing News Gone Missing: 1.1 Million Loans Analysts from the Urban Institute recently put a hard number on tight credit. The company says that lenders failed to make about 5.2 million mortgages between 2009 to 2014 because of rigid underwriting standards. An additional 1.1 million mortgages c... (read more) Housing News Don't Jump to Conclusions on Housing Sentiment -Fannie Mae A dramatic uptick in consumer perceptions about household income kept Fannie Mae's Home Purchase Sentiment (HPSI) Index from tanking in November. Even with a net increase of 11 percent in the number of respondents reporting significantly higher house... (read more) MBS Commentary MBS Live Day Ahead: Markets Look to Draghi to Clarify ECB Tapering Announcement The European Central Bank (ECB) changed things up today, to some extent.  Unlike the Fed, which always unveils its big policy changes in the "announcement" itself, the ECB historically tends to address interest rate changes in the announcement... (read more) Rob Chrisman CFPB Targets Reverse Lenders; MBA Reports on Lender Profits; Legal Trends “I find it ironic that the colors red, white, and blue stand for freedom, until they're flashing behind you.” The OCC doesn’t have flashing lights, but the feeling in one’s stomach is probably like being pulled over. The OCC i... (read more) Housing News Negative Equity Down 24% Year-Over-Year The number of "underwater" homeowners continued to decrease at a rapid pace in the third quarter of 2016 as home values grew. Negative equity, often referred to as "underwater" or "upside down," applies to borrowers who owe more on their mortgages th... (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: 7/6 7:27PM 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: 7/6 7:27PM EST Latest Video Shiller: It's not a good time, but I'm not saying panic ECB: Less for longer Fisher: We have an 'orange swan' effect Around the Web Fannie Mae Fannie Mae Announces Release 1 of the Common Securitization Platform CFPB Monitor CFPB enters into consent orders with reverse mortgage companies to settle alleged advertising violations CNBC Op-Ed: The yield that would break the Trump rally's back Reuters U.S. household net worth rose to $90.2 trillion in the third-quarter: Fed NAR - Realtor.com House Flippers Flee Flashy' Cities as Prices Rise and Inventories Fall Bloomberg Mnuchin's Longer Bonds No Guarantee for Lower Interest Burden - Bloomberg American Bankers Assoc. ABA Endorses Down Payment Resource Mortgage Solution Reuters Dow hits record high at open freddiemac.mwnewsroom.com Mortgage Rates Hit New 2016 High freddiemac.mwnewsroom.com Freddie Mac Implements Common Securitization Platform for Single-Family Mortgage-Backed Securities Reuters U.S. jobless claims decline from five-month high Reuters ECB unexpectedly cuts asset buys, extends until end 2017 ecb.europa.eu Press conference Mario Draghi: Introductory statement to the press conference

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