The long-planned Uniform Mortgage-Backed Security (UMBS), designed to replace the current to be announced- (TBA) eligible MBS issued separately by Fannie Mae and Freddie Mac (the GSEs) will become a reality on June 3 , 2019. While still more than a year away, the Federal Housing Finance Agency (FHFA), the regulator and conservator of the GSEs said it was announcing the target date for the first issue to provide "market participants with certainty about the timing of the Enterprises' transition to UMBS and enable them to make the preparations necessary to ensure that the transition is smooth." The new UMBS will be issued through the Enterprises' joint venture, Common Securitization Solutions (CSS), using the Common Securitization Platform (CSP). FHFA said its announcement coincides with three

March 28, 2018 Download our Mobile App: Download our Mobile App: Housing News Fannie/Freddie Joint MBS Arrives in June, 2019 The long-planned Uniform Mortgage-Backed Security (UMBS), designed to replace the current to be announced- (TBA) eligible MBS issued separately by Fannie Mae and Freddie Mac (the GSEs) will become a reality on June 3 , 2019. While still more than a y... (read more) MBS Commentary MBS Live Day Ahead: Bonds Best Move of 2018, Day 2 Without a discussion on important technical levels and without looking at one of several pieces of technical analysis, yesterday looks like any other bigger rally day on a chart of 10yr yields.  But when we consider that it was the first time ... (read more) Housing News Pending Home Sales Spring Back in February While it didn't serve to completely recoup the 4.7 percent loss in January, pending home sales did snap back strongly in February . The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) rose to 107.5 from a revised ... (read more) Housing News Mortgage Volumes Among Best of Year Applications for both refinancing and home purchases gained ground during the week ended March 23. The result was the largest week-over-week gains for overall loan volume since mid-January. The Mortgage Bankers Association's (MBA's) Market Composite ... (read more) Rob Chrisman Appraisal News; Utah Sinkholes; FHFA Addresses AMC's Value and Quality Supply and demand drive markets and prices, including luxury items and especially housing. What do you give the person who has everything? How about a pretty personalized credit card ? “Each card takes over 100 man-hours of delicate and painsta... (read more) MBS Commentary MBS Live Recap: Stock Selling, Month-End Buying, and Short-Covering = Oh My! I'm not sure I've heard anyone genuinely say "oh my!" by way of exclamatory response in quite a while.  But the odds increased today with a rather surprising 3/8ths point gain in MBS and a 7.5bp drop in 10yr yields.  Why surprising?... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 +0.07 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.62 +0.05 GNMA 5.5 100.06 +0.09 GNMA 6.0 101.47 +0.06 Pricing as of: 7/3 5:01AM EST 10 Year US Treasury 4.2592 -0.0206 Price / Yield Change US Treasury 2 YR Treasury 3.770 -0.018 5 YR Treasury 3.847 -0.020 7 YR Treasury 4.034 -0.023 10 YR Treasury 4.258 -0.022 30 YR Treasury 4.784 -0.024 Pricing as of: 7/3 5:01AM EST Latest Video Dow in correction territory Weak demand at $29 billion 7-Year note auction Pending home sales up 3.1% in February Around the Web Calculated Risk Blog Zillow Case-Shiller Forecast: More Solid House Price Gains in February consumerfinancemonitor.com Where are the CFPB's complaint and supervisory highlights reports? CNBC These costs are taking a $20,000 bite out of your home's sales price NAR - Realtor.com Apartment Rents Stay Steady Despite New Supply Calculated Risk Blog Reis: Apartment Vacancy Rate increased in Q1 to 4.7% The Basis Point Debunking Media Hype About San Francisco Population Decline: CHARTS Freddie Mac Freddie Mac Statement on the June 2019 Implementation of the New UMBS blog.stewart.com State Employment Data February 2018 Updated Bureau of Labor Statistics Data Series Calculated Risk Blog Q4 GDP Revised up to 2.9% Annual Rate Bloomberg Warehouses Are Now Worth More Than Offices, Thanks to Amazon CNBC An $800 billion disconnect between the Fed and Treasury is ballooning in bonds: Wells Fargo NY Times What to Expect From the Housing Market This Spring Bloomberg Treasuries Finally Give In to Tech Turmoil

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