The second proposal for reform of the housing finance system in a week was just introduced by the National Association of Realtors® (NAR). Their "vision" for reform is centered on Fannie Mae and Freddie Mac (the GSEs). The future of the two companies, in federal conservatorship since 2008, barely got a mention in the outline for reform legislation released a few days ago by Mike Crapo (R-ID), chair of the Senate Bankin Committee. NAR unveiled its proposal, developed in collaboration with Susan Wachter, the Albert Sussman Professor of Real Estate and Professor of Finance at The Wharton School of the University of Pennsylvania, and Richard Cooperstein, head of Risk Management at Andrew Davidson and Company, Inc., before a sold-out forum audience of 400 on Thursday. The proposal says the GSEs

February 8, 2019 Download our Mobile App: Download our Mobile App: Housing News NAR's Proposal to Restructure Fannie/Freddie The second proposal for reform of the housing finance system in a week was just introduced by the National Association of Realtors® (NAR). Their "vision" for reform is centered on Fannie Mae and Freddie Mac (the GSEs). The future of the two compa... (read more) Rob Chrisman Automation Products; Nationwide Bank News; Slowing Europe Helping U.S. Rates Here’s some trivia for today’s potluck in the Shipping Department: Las Vegas has 150,000 hotel rooms and spending a night in each would take you 411 years . Less trivial, a couple “sand states” over, Apis Cor, a Russian 3D pri... (read more) MBS Commentary MBS Live Day Ahead: At Risk of Moving The Goalposts Whereas "moving the goalposts" has a negative connotation in general (referring to the changing of the rules in the middle of the game), it's a fairly common theme in the realm of technical analysis.  That seems horribly counterintuitive at fi... (read more) Mortgage Rate Watch Big Day For Mortgage Rates Thursday plays host to vastly more mortgage rate articles than any other day of the week. This has to do with the regular weekly release of Freddie Mac's mortgage rate survey (which many news organizations use as source material for one article per w... (read more) Housing News Housing Sentiment May Be Bouncing Back Respondents to Fannie Mae's January National Housing Survey adopted a new outlook to go along with the new year, primarily in responses about their personal financial situation. As a result, the Home Purchase Sentiment Index (HPSI) increased 1.2 poin... (read more) MBS Commentary MBS Live Recap: Return of "Global Growth Concerns" 2014 was marked by a sense of hope that helped both sides of the market (debt and equity) make solid gains heading into early 2015.  Rates in the US were falling as the ECB fought to unveil true quantitative easing (and because they may have r... (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 -0.15 UMBS 6.0 101.28 -0.12 GNMA 5.5 99.62 -0.16 GNMA 6.0 101.22 -0.11 Pricing as of: 7/23 1:04PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.877 +0.048 5 YR Treasury 3.931 +0.046 7 YR Treasury 4.145 +0.047 10 YR Treasury 4.390 +0.044 30 YR Treasury 4.957 +0.041 Pricing as of: 7/23 1:04PM EST Latest Video White House Official: March 1 trade deadline could move Shulman: China trade deal is the issue that is going to drive 2019 Wells Fargo cuts 2019 rate hike forecast, Treasury yield targets Around the Web Bloomberg ECB's Empty Chair Embarrassment Leaves Draghi in Pre-Brexit Bind Calculated Risk Blog Q4 GDP Forecasts: Mid-2s Bloomberg As German Bund Yields Head to Zero, They Still Beat U.S. Treasuries CNBC Trade war headlines could get much worse before they get better as the US looks to Europe CNBC The fate of the market this year could be in the hands of the 'Powell Put' NAHB Eye on Housing Interest Rates on Consumer Credit Increase by the End of 2018 Bloomberg NYC Home Market to Face Glut After 2018 Sellers Found Few Takers CNBC Older millennials are more on top of their credit scores than everyone else Calculated Risk Blog AAR: January Rail Carloads up 1.7% YoY, Intermodal Up 0.5% YoY Bloomberg Powell's Clues, Year of the Dove, Shifting BOE Outlook: Eco Day Reuters To guide or not to guide? Fed 'dots' complicate message Calculated Risk Blog Seattle Real Estate in January: Sales Unchanged YoY, Inventory up 168% YoY from Low Levels CNBC Wells Fargo says it is working to fully restore systems as outage spills into day two

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