Black Knight notes a significant uptick in seriously delinquent mortgages in December. The number of loans that were 90 or more days overdue increased by 60,000 during the month to 726,000. This is 44,000 more delinquencies than were recorded in December 2016. Although seasonal and calendar related pressures contributed to the increase, the company, in its "First Look" at the month's loan performance data, attributed much of the increase to Hurricanes Harvey and Irma which struck several coastal states in September and October respectively. An estimated 40,200 90+ day delinquencies are blamed on Hurricane Harvey which hit the Gulf Coast of Texas and 102,500 on Irma which affected almost the entire State of Florida and the eastern part of Georgia. Florida now has the largest share of severely

January 23, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jan 23, 2018 Mortgage Rates Set Another 9-Month High Mon, Jan 22, 2018 4:34PM Mortgage rates pushed up to yet another 9-month high today--something that's become all too common in the past few weeks. Just as troubling is the fact that 10yr Treasury yields--the bigger, more important neighbor that shares the street with mortgage rates--are operating at their highest levels since early 2014. Mortgage rates aren't directly tied to Treasury yields, but big momentum in Treasuries tends to spill over. Incidentally, both Treasuries and MBS (the mortgage-backed-securities that underlie mortgage rates) were roughly unchanged today. The problem is they were much weaker on Friday ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Day Ahead: Who is Haruhiko Kuroda? And Why He's Your Friend Today Tue, Jan 23, 2018 8:49AM Perhaps you're already well aware that Haruhiko Kuroda is the head of the Bank of Japan (BOJ) , and a Ben Bernanke of sorts when it comes to bringing an aggressive, avant garde stance to Japan's monetary policy, especially with respect to crisis res... (read more) MBS Live Recap: Not The Kind of Green Day We Like Mon, Jan 22, 2018 5:31PM Bonds ended in the green today, albeit just barely .  Normally that wouldn't be a bad thing, but today's example leaves a bit to be desired. I should start off by saying that today could have been much worse than it was.  Indeed, any ... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 3:10AM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 3:10AM EST Other News Hurricane Stricken States Now Seriously Delinquent Tue, Jan 23, 2018 10:13AM Black Knight notes a significant uptick in seriously delinquent mortgages in December. The number of loans that were 90 or more days overdue increased by 60,000 during the month to 726,000. This is 44,000 more delinquencies than were recorded in December 2016. Although seasonal and calendar related pressures contributed to the increase, the company, in its "... (read more) HUD Provides Availability Info for Shutdown Mon, Jan 22, 2018 5:13PM With a stop-gap funding bill likely to be approved tonight, the following will not be germane for long, but it could serve as a template for the next potential shutdown. FHA's Office of Single Family Housing has provided a lengthy list of the availability of services, processes, and technical support, and we have cherry picked what seems to be the most impor... (read more) New Lender Products and Training; Top LO's/How Many Loans Per Month? Tue, Jan 23, 2018 9:23AM Now that the government has re-opened and furloughed bison are streaming back into various national parks, let’s turn back to… LO comp? “Rob, are you hearing that some companies are offering loan officers in a single branch multiple rate sheets, so that different LOs have different pricing?” Unfortunately, yes. Given that the goal is... (read more) Latest Video Strategist: Wage growth and inflation are key to watch Market performance after the government reopens Ray Dalio says market surge may be ahead: 'If you're holding cash, you're g... Around the Web Bloomberg Tax Cuts Curbed Muni Sales. Trump's Latest Plan Would Boost Them Calculated Risk Blog BLS: Unemployment Rates Lower in 6 states in December; California, Hawaii and Mississippi at New Series Lows CNBC The bond bloodbath is overdone. Here's why it's time to buy, says trader CNBC 'I hope I'm wrong' but Trump's 3% growth target looks unrealistic, says billionaire David Rubenstein NAHB Eye on Housing Single-Family Homes Make Up 1/3 of Rental Stock newsroom.bankofamerica.com Millennials Are Getting Their Financial Houses in Order, Despite What They and Others May Think bkfs.com Black Knight's First Look at December 2017 Mortgage Data Reuters JPMorgan rolls out $20 billion investment plan Reuters Fed nominee Goodfriend, fan of negative rates, could roil debate ft.com No stealth taper from Bank of Japan Kuroda Bloomberg Yen and Bond Traders Split on Whether BOJ Will Taper in 2018 Reuters House passes measure to fund government and end shutdown Bloomberg End of ECB's Bond-Buying Program Seen Closer

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