Two Texas civil rights groups and the National Fair Housing Alliance are suing the Trump Administration over enforcement of the Fair Housing Act. The suit, specifically naming Secretary of Housing and Urban Development Secretary Ben Carson as Defendant , charges violations of the 1968 Fair Housing Act. While the impetus of the suit was concern over the allocation of relief funds for housing and infrastructure rebuilding to victims of Hurricane Harvey on the Gulf Coast, the plaintiffs are principally suing over Carson's January cancellation of a 2015 HUD rule known as the Affirmatively Furthering Fair Housing provision. The rule required communities receiving federal housing dollars to draft plans to end segregation in their communities based on race, income, ethnicity, or physical disability

May 9, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for May 9, 2018 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Day Ahead: Last Week Increasingly Looks Like an Eye of The Storm For Bonds Wed, May 9, 2018 9:36AM Most of April had been bad for bonds.  It was like the beginning of yet another storm in a series that had battered the fixed-income coastline since last September (when the tax bill was "leaked").  Just after yields crested 4-year highs ex... (read more) MBS Live Recap: Sellers Say "Not So Fast" to Last Week's Bond Buyers Tue, May 8, 2018 5:30PM 2.95% in 10yr Treasury yields had become a bit of a battleground last week.  Even in the week prior, there were two big bounces there (3 if you count Monday's 2.96%).  By the end of last week, it looked like a done deal.  The only catch was that you would need to have tuned out after the initial rally on Friday morning when yields made it al... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 6:20PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 6:20PM EST Other News Oh, the Irony. HUD Sued Over Fair Housing Violations Wed, May 9, 2018 11:42AM Two Texas civil rights groups and the National Fair Housing Alliance are suing the Trump Administration over enforcement of the Fair Housing Act. The suit, specifically naming Secretary of Housing and Urban Development Secretary Ben Carson as Defendant , charges violations of the 1968 Fair Housing Act. While the impetus of the suit was concern over the alloc... (read more) Optimism Over Selling Sends Housing Index to Record High Wed, May 9, 2018 9:26AM Five out of the six components of Fannie Mae's Home Purchase Sentiment Index (HPSI) gained ground in April, driving the index to a new all-time high . However, the sixth component showed consumers considerably less invested in it being a good time to buy a home. The HPSI rose 3.4 points to 91.7 in April, up 5 percentage points since April 2017. The responses... (read more) Mortgage Applications Drift Sideways; Purchases Still Dominating Wed, May 9, 2018 8:58AM On one hand it could be said that mortgage application volume declined last week for the third straight week. Or, one could conclude that the changes were so insignificant that they hardly matter. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage loan application volume, dipped 0.4 percent on a seasonally adjusted basis ... (read more) ARM and Jumbo Updates; FHA/VA, Manufactured Lender Trends Wed, May 9, 2018 9:11AM Psst… want a snapshot file that contains the national HMDA datasets as of April 18th, 2018 for all HMDA reporters, as modified by the Bureau to protect applicant and borrower privacy? Here you go . Versus 2016, there were 1 million fewer home loans originated in 2017, for example. Last year there were 12.1 million home loan applications resulting in 7... 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