Can a letter, or another form of communication, sent by Party A and received by Party B, remain the exclusive property of Party A, even when in the physical possession of Party B? According to the copy of a letter released by BuzzFeed this weekend, Jeb Hensarling, (R-TX), Chairman of the House Financial Services Committee (FSC), is asserting such control for his committee. The letter, sent on April 3, 2017 to Treasury Secretary Steven Mnuchin, and signed only by Hensarling says that communications between FSC and Treasury "constitute congressional records, not 'agency records' for the purposes of the Freedom of Information Act, and remain subject to congressional control even when in the physical possession of the Agency." The Freedom of Information act - or FOIA - was enacted in 1966 and applies

May 8, 2017 Download our Mobile App: Download our Mobile App: Housing News Hensarling Asserts Control Over All Correspondence with Treasury Department Can a letter, or another form of communication, sent by Party A and received by Party B, remain the exclusive property of Party A, even when in the physical possession of Party B? According to the copy of a letter released by BuzzFeed this weekend, J... (read more) Rob Chrisman Lehman Legal News; Vendor Updates; Trends in Credit Scores and Tax Documentation Is LBHI's third wave of claims against and lenders and brokers starting? According to the American Mortgage Law Group's Managing Member, James Brody, Lehman Brothers Holdings, Inc. ("LBHI") has often stated that its RMBS litigation could result in Tr... (read more) MBS Commentary MBS Live Week Ahead: Bonds Battle Negative Trend Amid Auctions and Limited Data The economic and event calendar is fairly light this week, especially on the first few days.  The importance and pace of potential market movers increases somewhat on Wednesday with Import/Export Price data and the afternoon's 10yr Treasury auct... (read more) Mortgage Rate Watch Mortgage Rates Slightly Lower After Jobs Report Mortgage rates recovered today, moving sideways to slightly lower after losing ground over the past few days. Today's focal point was the Employment Situation--the big "jobs report" for the month of April. Job creation ended up slightly stronger than... (read more) Rob Chrisman Mergers and Acquisitions; Jumbo Loan Trends Today on “Jobs Friday,” don’t think California has some pull? It is home to 1 in 8 Americans and its economy is the 6th largest in the world. It has 58 counties; there are a total of 3,143 counties and county-equivalents in the Unit... (read more) MBS Commentary MBS Live Recap: NFP Threads The Needle, Leaving Bonds Unchanged Today's NFP report certainly could have been damaging for bond markets if it contained a significant revision to last month's low 98k headline.  It didn't.  In fact, last month was revised even  lower to 79k!  It's a good thing... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.03 0.00 15 Yr. Fixed 6.05% +0.01 0.00 30 Yr. FHA 6.38% +0.02 0.00 30 Yr. Jumbo 6.91% +0.01 0.00 7/6 SOFR ARM 6.27% +0.02 0.00 30 Yr. VA 6.40% +0.02 0.00 Updates Daily - Last Update: 7/24 15 Yr. Fixed Rate 6.05% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 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 99.31 -0.05 Price / Yield Change MBS UMBS 5.5 99.31 -0.05 UMBS 6.0 101.25 -0.06 GNMA 5.5 99.58 -0.05 GNMA 6.0 101.22 -0.04 Pricing as of: 7/24 6:20PM EST 10 Year US Treasury 4.3982 +0.0145 Price / Yield Change US Treasury 2 YR Treasury 3.923 +0.045 5 YR Treasury 3.960 +0.030 7 YR Treasury 4.164 +0.020 10 YR Treasury 4.398 +0.015 30 YR Treasury 4.939 -0.001 Pricing as of: 7/24 6:20PM EST Latest Video Closing Bell Exchange: Bonds or stocks the better play? Santelli Exchange: Buy high, sell higher? Buffett: Housing improving but not booming Around the Web CNBC Wall Street needs to stop freaking out about low volatility, Merrill says NAR - Realtor.com Despite Higher Home Prices, More Americans Say It's a Good Time to Buy Calculated Risk Blog Leading Index for Commercial Real Estate Decreases in April consumerfinancemonitor.com CFPB seeks comments on its plan to assess the RESPA mortgage servicing rule Fannie Mae Fannie Mae Submits Duty to Serve Underserved Markets Plan ... Calculated Risk Blog Phoenix Real Estate in April: Sales up 10%, Inventory down 9% YoY CNBC Goldman says U.S. economy may be slowly growing into the longest expansion in history Market Watch Bond Report: Treasury yields reflate on Emmanuel Macron victory in French Election CNBC US stock futures and the euro lose their initial pop on the French election CNN Bernanke: Divide in Congress is 'extraordinarily strong' Gallup Half of Non-Homeowners Expect to Buy Homes in Five Years NAR - Realtor.com These Cities Are the 10 Biggest Comeback Stories in U.S. Real Estate Market Watch Fed's Bullard says target interest rate is close to where Taylor rule recommends

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