The rain is still pouring down in Oahu, but Fannie Mae and Freddie Mac are ahead of the game. Both GSEs have already announced that their disaster relief programs are in effect for those impacted by Hurricane Lane. Assistance is available for borrowers with GSE related mortgages on homes in presidentially-declared disaster areas where the Federal Emergency Management Agency (FEMA) has made individual assistance programs available. We would assume in this case that would be everyone in Hawaii, but where that type of FEMA assistance is not available, servicers are advised they can leverage short-term forbearance programs to provide immediate assistance to affected borrowers. The relief available from the GSEs includes: Forbearance from making mortgage payments for up to 12 months. Waived late

August 24, 2018 Download our Mobile App: Download our Mobile App: Housing News Fannie/Freddie Invoke Disaster Policies in Wake of Hurricane Lane The rain is still pouring down in Oahu, but Fannie Mae and Freddie Mac are ahead of the game. Both GSEs have already announced that their disaster relief programs are in effect for those impacted by Hurricane Lane. Assistance is available for borrowe... (read more) Rob Chrisman CE and Training Products; Corporate Moves; Powell at Jackson Hole There are definitional differences between PUDs, condos, apartments, and townhomes, including who owns the land. (Based on historical performance of delinquencies, potential liability, and servicing values, some investors price them differently.) I m... (read more) MBS Commentary MBS Live Day Ahead: A Petition to Rename The Jackson Hole Symposium Dear Kansas City Fed, Thank you for hosting another year of the storied Jackson Hole Symposium.  I'm not here to vent about the fact that you could easily handle this event in Kansas City instead of in a venue that sort of exemplifies much ... (read more) Mortgage Rate Watch Mortgage Rates Extend Impressively Flat Trend Mortgage rates have been more or less unchanged since August 10th . That's an impressively boring streak even by summertime standards. Why does summertime matter? Simply put, rates are ultimately a factor of trading that's conducted directly or indir... (read more) Housing News Hurricane Effect: Foreclosures Up, Delinquencies Down The first serious mortgage related impact from last fall's hurricanes started to hit home in July . Foreclosure starts rose 11 percent from June, with the greatest change 19 percent, in storm affected parts of Texas. Black Knight said, in its "first ... (read more) MBS Commentary MBS Live Recap: Calmest Day For Bonds Since Dec 2017 Not since the eerie holiday-inspired silence of December 22nd 2017 have bonds put in as narrow of a trading day as they did today.  10yr yields didn't even crack a 0.02% range.  It really doesn't get much narrower than that.  MBS did... (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 99.35 -0.16 UMBS 6.0 101.27 -0.12 GNMA 5.5 99.60 -0.18 GNMA 6.0 101.22 -0.11 Pricing as of: 7/23 1:02PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.873 +0.043 5 YR Treasury 3.929 +0.044 7 YR Treasury 4.144 +0.045 10 YR Treasury 4.388 +0.042 30 YR Treasury 4.957 +0.041 Pricing as of: 7/23 1:02PM EST Latest Video Markets are reassured the Fed won't invert the yield curve: Strategist Fed Chair Jerome Powell makes first public appearance in Jackson Hole Nothing signals a pause for the Federal Reserve, JP Morgan chief economist ... Around the Web CNBC Taxpayers scramble as proposed IRS rule on local taxes wrecks workaround strategy Bloomberg Fed's Mester Sees 'Compelling' Case for Raising Interest Rates CNBC Dovish sounding Powell signals no need for speed when it comes to rate hiking Calculated Risk Blog Q3 GDP Forecasts CNBC Trump touts the economy in another tweet, says U.S. is setting records on virtually every front' NAHB Eye on Housing Multifamily Built-for-Rent Share Remains Elevated Calculated Risk Blog 2018 Jackson Hole Economic Policy Symposium Agenda CNBC Fed's James Bullard says he would 'stand pat' on rates for rest of the year CNBC Fed's James Bullard says economy will slow next year, 2020 CNBC US Treasury yields seen higher ahead of economic data, Powell speech CNBC Trump has reportedly offered US funds to buy Italian debt CNBC Treasury and IRS move to block blue states' tax workarounds CNBC Hawaii homeowners in path of hurricane may find their insurance is little solace

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