The three major credit reporting agencies have announced a significant change in their credit reporting metrics that could both boost credit scores for millions of consumers and cause potential problems for lenders. The Consumer Data Industry Association, a trade group representing credit reporting companies said late Monday that the three major companies that provide credit data, Equifax, Experian, and TransUnion , will soon remove tax lien and civil judgment data from some consumer credit records. The removal will impact most such existing data and, going forward, the way new data must be reported from the source. Starting July 1, public records data must include three of four data points , the consumer's name, address, and either a social security number or a date of birth. Existing records

March 14, 2017 Download our Mobile App: Download our Mobile App: Housing News Reporting Change Could Raise Credit Scores, Risk The three major credit reporting agencies have announced a significant change in their credit reporting metrics that could both boost credit scores for millions of consumers and cause potential problems for lenders. The Consumer Data Industry Associa... (read more) Housing News 10-Year Foreclosure Crisis Recap -CoreLogic As anniversaries go, it's not much of one to celebrate, but this year the foreclosure crisis marks its tenth year. Since Mid-2007, more than 7.8 million homes have been foreclosed according to a new retrospective, published by CoreLogic, on the ten-y... (read more) Housing News MBA Reports Double Digit Jump in New Home Purchase Applications New home sales are expecting to post an increase of 15.9 percent in February as compared to the previous month. The Mortgage Bankers Association (MBA) said, on a non-seasonally adjusted basis there were an estimated 51,000 new home sales during the m... (read more) MBS Commentary MBS Live Day Ahead: Ceiling Technically Intact as Bonds Await Fed Verdict The entire week is clearly focused on Wednesday afternoon's Fed events (chiefly, the Fed' economic projections, which will give us an idea of how their rate hike expectations are evolving).  What to do, then, with the data? Today' brings P... (read more) Rob Chrisman Current Servicing Market; 2016 LO Turnover Survey Every lender should know a little about demographics . The Millennials receive the publicity, but the population aged 65 and older is expected to grow by 66 percent through 2035, an increase of more than 31.4 million. Given that the entire adult popu... (read more) MBS Commentary MBS Live Recap: After One Day of Rest, Bonds Back to Business (of Selling) Bonds got back to their weaker ways after a very brief, shallow correction last Friday.  We had increasingly expected that "green day," and were under no illusions about it starting a new trend.  If we strike Friday's trading from the rec... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.41 -0.10 Price / Yield Change MBS UMBS 5.5 99.35 -0.15 UMBS 6.0 101.28 -0.12 GNMA 5.5 99.62 -0.16 GNMA 6.0 101.22 -0.11 Pricing as of: 7/23 1:04PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.877 +0.048 5 YR Treasury 3.931 +0.046 7 YR Treasury 4.145 +0.047 10 YR Treasury 4.390 +0.044 30 YR Treasury 4.957 +0.041 Pricing as of: 7/23 1:04PM EST Latest Video How markets will react to more rate hikes: PIMCO Futures Now: Crude hits 3.5-month low Santelli: Treasury yields 'jump the range' Around the Web CNBC How Janet Yellen could tee up a stealth rate hike for later this year NAR - Realtor.com Down Payments for First-Time Home Buyers Still in the Single Digits The Atlantic Can Declining Productivity Be Reversed? Bloomberg Hedge Funds Piling Into Treasury Short Bets Could Be Let Down by the Fed Fannie Mae Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale Calculated Risk Blog Mortgage Equity Withdrawal Positive in Q4 CNBC How the Fed rate hike will affect borrowers (a lot) and savers (not so much) Bloomberg The Great Corporate Bond Rush of 2017 Persists as Fed Mulls Hike Gallup US Economic Confidence Index Corrects After Uptick CNBC Credit reporting agencies in hot water with consumer watchdog CNBC One reading on inflation came in hotter than expected in February builderonline.com Median Household Income Remains Stable in January 2017 Market Watch Fed to hold policy meeting Tuesday-Wednesday as planned despite storm

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