Both of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, which remain in government receivership ten years after the housing crisis, posted strong financial results for the third quarter of this year. Freddie Mac reported net income of $2.7 billion and comprehensive income of $2.6 billion while Fannie Mae's comprehensive and net were both $4.0 billion. Freddie Mac's results are slightly ahead of those in the second quarter when comprehensive income was $2.4 billion, but down from the $4.6 billion reported in the third quarter of 2017. The company realized $3.3 in net interest income and $728 million in derivative gains. The company said its results reflected continued strong earnings from guarantee fee income , which rose from $169 billion in the third quarter of

November 2, 2018 Download our Mobile App: Download our Mobile App: Housing News Fannie/Freddie Post Healthy Profits, Resume Full Dividend Payments Both of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, which remain in government receivership ten years after the housing crisis, posted strong financial results for the third quarter of this year. Freddie Mac reported n... (read more) Rob Chrisman Subservicing Products; Lender Disaster News; Non-QM Securitization Many states “gain an hour” Sunday morning by setting clocks back. Robots don’t care what time it is - will they build your next house? Companies like Modular Home Builder or Baltimore’s Blueprint Robotics Inc. are attracting a... (read more) MBS Commentary MBS Live Day Ahead: Here Comes the Jobs Report This morning brings the often-important jobs report.  Traditionally, the key component has been nonfarm payrolls (NFP), which is just a tally of new jobs created during the past month.  NFP is especially important in times of transition&n... (read more) Mortgage Rate Watch Mortgage Rates Are Actually a Bit Higher This Week It's Thursday! That means it's time, once again, to set the record straight on today's actual mortgage rates as opposed to those suggested by almost any other news article on the topic today. Why should you trust me as opposed to a multitude of finan... (read more) Housing News Multifamily Construction Boosts Residential Spending Numbers Construction spending in September was largely unchanged from where it was in August. The U.S. Census Bureau said that private and public sector spending during the month was at a seasonally adjusted annual rate of $1.330 trillion, not statistically ... (read more) MBS Commentary MBS Live Recap: Bonds Battle Back After a Ceiling Bounce Today ended up being somewhat triumphant for bonds.  It didn't begin that way, however.  Yields were higher overnight and moved up just a bit more in the first hour and a half of domestic trading.  Early economic data was largely ignor... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.77% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.77% -0.01 0.00 15 Yr. Fixed 6.03% -0.01 0.00 30 Yr. FHA 6.35% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% +0.01 0.00 30 Yr. VA 6.36% 0.00 0.00 Updates Daily - Last Update: 7/22 15 Yr. Fixed Rate 6.03% -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 6.82% +0.05 0.62 15 Yr. Fixed 6.11% +0.07 0.66 30 Yr. Jumbo 6.81% +0.12 0.39 Updates Weekly - Last Update: 7/16 MBS / Treasuries UMBS 30YR 5.5 99.49 -0.02 Price / Yield Change MBS UMBS 5.5 99.50 -0.01 UMBS 6.0 101.36 -0.04 GNMA 5.5 99.72 -0.06 GNMA 6.0 101.28 -0.04 Pricing as of: 7/23 8:16AM EST 10 Year US Treasury 4.3649 +0.0189 Price / Yield Change US Treasury 2 YR Treasury 3.844 +0.015 5 YR Treasury 3.899 +0.014 7 YR Treasury 4.112 +0.014 10 YR Treasury 4.359 +0.013 30 YR Treasury 4.929 +0.012 Pricing as of: 7/23 8:16AM EST Latest Video Fed cannot not hike right now: Bob Pisani Fed will see strong job numbers as reason to continue tightening, says stra... US economy added 250,000 jobs in October Around the Web Calculated Risk Blog October Vehicles Sales: 17.5 Million NAR - Realtor.com What's 8 Feet Wide and Has an Elevator? Manhattan's Tiniest Fancy Townhouses Calculated Risk Blog Public and Private Sector Payroll Jobs During Presidential Terms Bloomberg Mortgage-Bond Carnage Shows What the Future Holds Without Fed Help Bloomberg El-Erian Sees Higher Potential Growth in October Jobs Report Bloomberg RBC's Porcelli Sees Four Fed Hikes in 2019 Amid Tangible Wage Growth CNBC The salary you need to afford a home in the 14 biggest US cities Reuters Europe focuses on growth, Fed to follow mid-terms CNBC Grappling with an acute labor shortage, the construction industry is being forced to get creative NAHB Eye on Housing 30-Year Mortgage Rate Continued to Increase in September CNBC US Treasury yields jump after better-than-expected jobs report CNBC US trade deficit rises more than expected CNBC US created 250,000 jobs in Oct, vs 190,000 jobs expected

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