Improving loan performance doesn't make headlines any longer, but worth noting that the improvement is still good news. The Mortgage Bankers Association (MBA) says the first quarter of 2018 saw even more progress in reducing delinquencies, improvement noted across all categories of distress. The MBA's National Delinquency Survey shows a 54-basis point (bp) reduction in the overall delinquency rate compared to the fourth quarter of 2018 to a seasonally adjusted annual rate of 4.63 percent. It is also an 8-bps decline since the first quarter of last year. Delinquencies were down in all stages on a quarter-over-quarter basis. The 30-day bucket dropped 27 bps while the 60-day and 90-day delinquency buckets retreated 9 and 18 basis points respectively. The delinquency rate does not include loans

May 16, 2018 Download our Mobile App: Download our Mobile App: Housing News The Economy, Employment, Rising Home Prices Whittle Away at Delinquencies Improving loan performance doesn't make headlines any longer, but worth noting that the improvement is still good news. The Mortgage Bankers Association (MBA) says the first quarter of 2018 saw even more progress in reducing delinquencies, improvemen... (read more) MBS Commentary MBS Live Day Ahead: Without Yesterday, Today would look Awful Today is starting out with just a hint of green on the screens.  While that's certainly much better than the alternative (some historical examples see multiple days of yesterday's level of selling), it's still really far from great , and nowher... (read more) Housing News Refi Applications at 8-Year Low Mortgage activity slowed again last week. The Mortgage Bankers Association said its Market Composite Index, which measures the volume of mortgage loan applications, was down on a seasonally adjusted basis by 2.7 percent during the week ended May 11 c... (read more) Housing News Housing Starts Weakened as Expected in April The leading construction indicators performed generally as analysts had predicted in April, stepping back from March's solid increases in both permits and housing starts. Both sectors had been driven that month by surges in multi-family construction.... (read more) Rob Chrisman Construction, Non-QM Products; MI Program Developments What does a chief operating officer do, and how much do they make? For builders, the role is vague but is often the #2 person at the company. COO comp, however, for publicly-held builders is well documented. And they make some decent coin . MI News F... (read more) MBS Commentary MBS Live Recap: Bonds Tank; Yields Surge Past 2014 Highs July 8, 2011.  That's how far you'd have to go back to see higher 10yr yields than we saw today.  At their worst, they were at 3.0945% .  At the close, it doesn't look like they'll be much better (currently trading in the 3.07+ range)... (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 99.92 +0.08 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.61 +0.05 GNMA 5.5 100.05 +0.09 GNMA 6.0 101.46 +0.05 Pricing as of: 7/3 4:46AM EST 10 Year US Treasury 4.2553 -0.0245 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.016 5 YR Treasury 3.848 -0.019 7 YR Treasury 4.035 -0.021 10 YR Treasury 4.260 -0.020 30 YR Treasury 4.786 -0.022 Pricing as of: 7/3 4:46AM EST Latest Video Rising rate interest rate environment to continue for 3-4 years, says exper... US home building tumbles in April How interest rates affect the housing market Around the Web Calculated Risk Blog Phoenix Real Estate in April: Sales down 9% or up 4%? consumerfinancemonitor.com CFPB Revises TRID Guides to Reflect Black Hole Fix NAR - Realtor.com Who Killed the Deal to Sell Your House? It Was an Inside Job Bloomberg Bond Yields at 3.5% Would Spur Stock Exodus, Credit Suisse Says Reuters Industrial production rises strongly; homebuilding tumbles Calculated Risk Blog Comments on April Housing Starts Bloomberg Macquarie Is Calling the End of the Great Bond Bull Market Freddie Mac Freddie Mac Prices $993 Million Multifamily K-Deal, K-F45 CNBC US/German bond yield spreads last hit these levels almost 30 years ago CNBC US manufacturing output rises, while past months were revised lower Bloomberg The $1300 US Rental Home Is So Hot the Canadians Are Bidding for It CNBC US home building tumbled in April, while permits fell CNBC The biggest risk to the bond market is not 3 percent yields: Wells Fargo

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