The Senate looks set to pass Senate Bill 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, which seeks to undo some of the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in the wake of the financial crisis. Sixteen Democrats joined 50 Republicans to allow a vote on the bill, sponsored by offered by Senators Mike Crapo (R-ID), Joe Donnelly (D-IN), and three other Democrats. The bill in its present form makes some changes to mortgage regulations, but there is concern about what it might look like if it survives to pass the House. The bill that passed out of the Senate Banking Committee amends the Truth in Lending Act to allow institutions with less than $10 billion in assets to waive some of the ability-to-repay requirements of the

March 12, 2018 Download our Mobile App: Download our Mobile App: Housing News Dodd-Frank Fixes Set for Senate Passage; House Poised to Pounce The Senate looks set to pass Senate Bill 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, which seeks to undo some of the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in the wake of the... (read more) Rob Chrisman Sales Workshops; Reports on Nonbank Lending; Amazon Mortgage? Rates have gone up, refi volumes are dropping, and LOs are having plenty of discussions with potential borrowers about “rent vs. buy.” SmartAsset has now set up an interactive map that shows where buying a home, or renting, makes the most... (read more) MBS Commentary MBS Live Week Ahead: Key Inflation Data and Auctions Ahead of Fed Week Thanks to February's lower day count throwing off the normal cadence of Treasury auctions, bond markets will have to take down 3 auctions in the first 2 days of the week.  Today, that includes 3 and 10yr notes, making for a fairly onerous glut ... (read more) Mortgage Rate Watch Mortgage Rates Paradoxically Steady After Jobs Report Mortgage rates must really like being where they are right now, because they've been at roughly the same levels for the past 5 days! Not only is this highly out of character for 2018, it's not even that common in general (might happen a few times a y... (read more) Housing News Not all Recoveries are Created Equal CoreLogic has been watching for signs of overvalued markets for some time. The company and its lead analysts Frank Nothaft, Molly Boesel, and Sam Khater have produced a special report "Evaluating the Housing Market Since the Great Recession," which p... (read more) Rob Chrisman FHA and VA Updates; U.S. Economy Continues to Strengthen Let’s end the week with a non-mortgage related note about nature. You Tube has a live webcam a live webcam in the San Francisco Presidio of a Red-Tailed Hawk nest. Not much happens when its dark, but recently an egg was laid! Hawks couldn&rsquo... (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 99.39 -0.12 UMBS 6.0 101.31 -0.08 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.25 -0.07 Pricing as of: 7/23 12:52PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.861 +0.032 5 YR Treasury 3.916 +0.031 7 YR Treasury 4.132 +0.033 10 YR Treasury 4.377 +0.031 30 YR Treasury 4.947 +0.030 Pricing as of: 7/23 12:52PM EST Latest Video Gary Cohn replacement decision has not been made: White House This rally is relief it's not Navarro at NEC: Art Cashin Markets having trouble dealing with rate hikes, says strategist Around the Web Bloomberg Bond Market's Most Feared Traders Threaten Treasuries Once Again CNBC Here's how bond investors can position themselves with rates on the rise consumerfinancemonitor.com CFPB finalizes amendments to timing requirements for bankruptcy periodic statements CNBC Larry Kudlow's former boss thinks he would be the 'wrong voice' to replace Cohn at the White House CNBC Trump wants a 'phase two' of tax cuts Calculated Risk Blog February Employment Report: Prime Participation and Diffusion Indexes Bloomberg Princeton Must Build More Affordable Housing, NJ Judge Rules CNBC Corporate tax rates have fallen 9% since the financial crisis CNBC Cramer: Larry Kudlow is the front runner to be Trump's top economic advisor, replacing Gary Cohn Bloomberg Hedge Funds That Use AI Just Had Their Worst Month Ever Calculated Risk Blog BLS: Unemployment Rates Lower in 6 states in January; Alabama, California, Maine and Mississippi at New Series Lows Calculated Risk Blog Oil Rigs "Big rig drop, another inflection point" builderonline.com U.S. Household Net Worth Hits Record $98.7T

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