Facebook, which has been accused recently of everything short of disappearing Jimmy Hoffa, is in more hot water. The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging Facebook with violating the Fair Housing Act. HUD said the huge social media platform had encouraged and enabled and thus has caused housing discrimination. The Charge, filed though HUD's office of Administrative Law Judges states that, " Because of the way [Facebook] designed its advertising platform, ads for housing and housing-related services are shown to large audiences that are severely biased based on characteristics protected by the Act , such as audiences of tens of thousands of users that are nearly all men or nearly all women. " HUD says Facebook charges advertisers for the ability

March 28, 2019 Download our Mobile App: Download our Mobile App: Housing News HUD Sues Facebook Over Housing Discrimination Facebook, which has been accused recently of everything short of disappearing Jimmy Hoffa, is in more hot water. The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging Facebook with violating the Fair Housing A... (read more) MBS Commentary MBS Live Day Ahead: A Few Ways to Guard Against a Reversal It's no secret that bonds have rallied impressively in March.  The bigger and faster a rally is, the more we may worry about the risk of a bounce.  To be sure, bounces will happen.  They can be healthy byproducts of a big move or they ... (read more) Rob Chrisman LO Jobs; Fannie/Freddie Changes; President to Promote Competition Using Housing Policy Be careful with your advertising! HUD announced today that it is charging Facebook with violating the Fair Housing Act by encouraging, enabling, and causing housing discrimination through the company’s advertising platform. Not a happy situatio... (read more) Housing News Pending Home Sales Shed a Bit of January's Momentum Pending home sales fell again in February. The National Association of Realtors® said its Pending Home Sales Index (PHSI) declined by 1.0 percent compared to January to a level of 101.9. The index is now 4.9 percent lower than a year earlier, mar... (read more) Housing News No Surprise: Ambitious Plan to "Fix" Entire Housing Market Met With Mixed Reaction Does the entire housing market need fixing? Senator Mike Crapo thinks so, and he has a gargantuan reform proposal on the table to prove it (covered here in February). Witnesses called to testify before The Senate Committee on Banking, Housing, and Ur... (read more) MBS Commentary MBS Live Recap: How Low Can We Go? The notion of contrarian indicators is pretty interesting when it comes to the bond market, at least when it comes to investor sentiment.  I take part in my fair share of sentiment surveys and have had a few occasions to talk to the strategy d... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.77% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.77% -0.01 0.00 15 Yr. Fixed 6.03% -0.01 0.00 30 Yr. FHA 6.35% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% +0.01 0.00 30 Yr. VA 6.36% 0.00 0.00 Updates Daily - Last Update: 7/22 15 Yr. Fixed Rate 6.03% -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 6.82% +0.05 0.62 15 Yr. Fixed 6.11% +0.07 0.66 30 Yr. Jumbo 6.81% +0.12 0.39 Updates Weekly - Last Update: 7/16 MBS / Treasuries UMBS 30YR 5.5 99.50 -0.01 Price / Yield Change MBS UMBS 5.5 99.49 -0.02 UMBS 6.0 101.35 -0.04 GNMA 5.5 99.72 -0.06 GNMA 6.0 101.28 -0.04 Pricing as of: 7/23 8:38AM EST 10 Year US Treasury 4.3574 +0.0114 Price / Yield Change US Treasury 2 YR Treasury 3.846 +0.017 5 YR Treasury 3.901 +0.016 7 YR Treasury 4.113 +0.015 10 YR Treasury 4.361 +0.015 30 YR Treasury 4.930 +0.013 Pricing as of: 7/23 8:38AM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Reuters Wall Street inches up on trade optimism but growth worries weigh Bloomberg Mortgage Bond Market on Edge After a Spike in Home Refinancings CNBC Mortgage rates see biggest weekly drop in a decade NAHB Eye on Housing Bathroom Linen Closets Are Most Wanted Bathroom Feature CNBC Pending home sales drop 1% in February, despite lower mortgage rates Bloomberg The ECB Is Struggling With Three Big Questions Calculated Risk Blog Q4 GDP Revised Down to 2.2% Annual Rate Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 211,000 CNBC US GDP fourth-quarter final reading up 2.2%, as expected CNBC Here's the major risk facing the rally in homebuilding stocks Reuters Bond yields keep falling, stocks try to steady CNBC The bond market has been spooked and so the big interest rate slide is likely not over Reuters S&P 500 slides, bond yields fall on slowdown worries

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