Jumbo refinances led the way as mortgage fraud risk posted another gain in the second quarter of 2017. CoreLogic reports that overall risk, as measured by its Mortgage Application Fraud Risk Index, was up 16.9 percent from the second quarter of 2016. The company estimates 13,404 mortgage applications contained indications of fraud, an 0.82 percent incidence , compared to 12,718 applications or 0.70 percent a year earlier. CoreLogic's Mortgage Fraud Report analyzes the collective level of loan application fraud risk the mortgage industry is experiencing each quarter. The report looks at detailed data for six fraud type indicators that complement the national index: identity, income, occupancy, property, transaction, and undisclosed real estate debt. The company said the continued shift from

September 19, 2017 Download our Mobile App: Download our Mobile App: Housing News Fraud Risk Continues Upward Trend Jumbo refinances led the way as mortgage fraud risk posted another gain in the second quarter of 2017. CoreLogic reports that overall risk, as measured by its Mortgage Application Fraud Risk Index, was up 16.9 percent from the second quarter of 2016.... (read more) Housing News Building Permits Regain Footing, Housing Starts Still Struggling Residential construction outcomes in August were mixed, with permitting enjoying a strong comeback after more than a 4 percent downturn in July, but housing starts continuing to slide. Residential completions were also down substantially, which was p... (read more) Rob Chrisman FHA, VA Updates; Ginnie Mae Overview Ginnie, FHA and VA News Lender updates regarding Texas and Florida are quieting down slightly, so let's play some catch up on government programs. Ginnie Mae will consider potentially misleading marketing practices involving U.S. Department of Vetera... (read more) MBS Commentary MBS Live Recap: Weaker Start With No Major Scapegoats Bonds got off to a weaker start on this Fed week, and there weren't any convenient scapegoats in sight.  That said, there were a few caveats.  Most notable, it was the 2nd lowest volume day of the year for Treasuries, and that's an enviro... (read more) Mortgage Rate Watch Rates Steady Near Recent Highs Ahead of Fed Mortgage rates remained unchanged today, on average. This keeps them in line with their highest levels in more than a month, though admittedly, there hasn't been much upward movement since the sharpest leg of the spike ended last Wednesday. Conventio... (read more) MBS Commentary MBS Live Day Ahead: Once Again Trying to Settle Down Ahead of Fed Ahoy ye salty dogs sailing the high seas of the mortgage world.  Another year has come and gone without any grand preparations for Talk Like a Pirate Day, so these first two sentences will likely be the extent of the allusion, although a phrase ... (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 99.35 -0.16 Price / Yield Change MBS UMBS 5.5 99.38 -0.13 UMBS 6.0 101.28 -0.11 GNMA 5.5 99.60 -0.17 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 1:17PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.872 +0.042 5 YR Treasury 3.927 +0.042 7 YR Treasury 4.142 +0.044 10 YR Treasury 4.387 +0.041 30 YR Treasury 4.955 +0.039 Pricing as of: 7/23 1:17PM EST Latest Video Why equities and bonds both being overvalued poses a huge risk Labor shortage amplified by hurricane rebuilding Cashin: Stock market is marching in place waiting for tomorrow Around the Web Market Watch U.S. stocks gain as all three main indexes close at records CNBC Irma may have caused $42.5 billion to $65 billion in property damage, report says NAR - Realtor.com Don't Give Up, Buyers: More Newly Constructed Homes Are On the Way CNBC Yellen reappointment as Fed chair seen as more likely: Survey CNBC Fed economist: 'No evidence that QE works' as central bank starts unwinding program consumerfinancemonitor.com Additional guidance from HUD/Freddie/Fannie/Ginnie/VA on mortgage-related disaster relief for hurricane victims Reuters U.S. housing starts fall for second straight month; outlook murky CNBC Severe labor shortage has Houston homeowners 'begging' for help Calculated Risk Blog Housing Starts decreased to 1.180 Million Annual Rate in August CoreLogic CORELOGIC REPORTS A 16.9 PERCENT YEAR-OVER-YEAR INCREASE IN MORTGAGE FRAUD RISK IN THE SECOND QUARTER OF 2017 Bloomberg Yellen Sees QE as a Tool of the Future But Her Successor May Not Fannie Mae Fannie Mae Announces Enhanced Hybrid Adjustable-Rate ... CNBC Commentary: Why interest rates now matter even more than you think

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