In November, the Federal Housing Finance Agency (FHFA) released a new regulatory capital framework for Fannie Mae and Freddie Mac (the GSEs). At the time FHFA said the final rule fulfills Congress's mandate in the Housing and Economic Recovery Act of 2008 that FHFA establish risk-based capital requirements for the GSEs to ensure their safety and soundness by increasing the quantity and quality of their regulatory capital and reducing the pro-cyclicality of the aggregate capital requirements. This week the agency submitted for comments a companion rule regarding liquidity requirements for the two companies. The agency says its rule is designed to ensure that the GSEs are a source of strength for the mortgage market during downturns in the economy, and to incentivize them to issue an appropriate

December 17, 2020 Download our Mobile App: Download our Mobile App: Housing News FHFA Looking to Lock-In Fannie/Freddie Liquidity Rules In November, the Federal Housing Finance Agency (FHFA) released a new regulatory capital framework for Fannie Mae and Freddie Mac (the GSEs). At the time FHFA said the final rule fulfills Congress's mandate in the Housing and Economic Recovery Act of... (read more) MBS Commentary MBS Live Recap: Seasonally Sideways Sans Stimulus Seasonally Sideways Sans Stimulus With Fed day behind us, the much-anticipated stimulus/spending bill is all that stands in the way of the bond market tuning out for the rest of the year--something it loves t... (read more) Housing News Yes, The AVERAGE Loan is Taking Almost 2 Months to Close According to Ellie Mae's Origination Insight Report, loans closed during November had an average note rate of 2.97 percent. The 30-year note rate for FHA and Conventional loans dropped below the three percent mark for the first time , averaging 2.99 ... (read more) Rob Chrisman Ops Jobs; Shell Wanted; CRM, POS, Retention, Jumbo Loan, Capital Markets Products; How News Moves Rates Who would’ve thought that one day we’d be smoking weed at a family gathering, but the illegal part would be the family gathering? For most of us, family matters are critical. The year 2030, 10 years from now, marks an important demographi... (read more) Mortgage Rate Watch Mortgage Rates Undeterred After Fed Day Today marked the release of an updated policy statement from the Federal Reserve. In other words, it was Fed day! Lots can happen on Fed days--especially those that occur in December. This has increasingly become a month where the Fed unveils a key p... (read more) Housing News Housing Permits and Starts Show no Signs of Slowing Down While housing completions were down, residential construction improved again in November . Permitting was especially strong with a 6.2 percent month-over-month increase. The U.S. Census Bureau and Department of Housing and Urban Development reported ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.82% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% -0.01 0.00 15 Yr. Fixed 6.07% -0.01 0.00 30 Yr. FHA 6.40% -0.01 0.00 30 Yr. Jumbo 6.92% -0.01 0.00 7/6 SOFR ARM 6.31% -0.01 0.00 30 Yr. VA 6.42% 0.00 0.00 Updates Daily - Last Update: 7/17 15 Yr. Fixed Rate 6.07% -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 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 99.14 +0.02 Price / Yield Change MBS UMBS 5.5 99.14 +0.02 UMBS 6.0 101.17 +0.04 GNMA 5.5 99.44 +0.03 GNMA 6.0 101.14 +0.04 Pricing as of: 7/17 9:22PM EST 10 Year US Treasury 4.4410 -0.0123 Price / Yield Change US Treasury 2 YR Treasury 3.890 -0.014 5 YR Treasury 3.979 -0.011 7 YR Treasury 4.199 -0.011 10 YR Treasury 4.442 -0.012 30 YR Treasury 4.998 -0.009 Pricing as of: 7/17 9:22PM EST Latest Video S&P 500, Nasdaq hit record intraday highs Economist breaks down the unexpected rise in unemployment claims, November ... How increasing jobless claims compare to rising Covid cases Funstrat's Tom Lee expects the S&P 500 to rally in the second half of 2021 Around the Web Calculated Risk Blog Comments on November Housing Starts NPR U.S. Scrambles To Understand Major Computer Hack, But Says Little Calculated Risk Blog CAR on California November Housing: Sales up 26% YoY, Active Listings down 47% YoY CNBC Home flipping profits are the highest in 20 years, but fewer are doing it Calculated Risk Blog Hotels: Occupancy Rate Declined 37.4% Year-over-year Calculated Risk Blog Philly Fed Manufacturing "growth was less widespread" in December, Kansas City Fed "Activity Expanded Further" CNBC Congress scrambles to finalize Covid relief, avoid shutdown as deadline draws near CNBC Watch live: Key FDA panel debates whether to endorse Moderna's Covid vaccine for emergency use Calculated Risk Blog Housing Starts increased to 1.547 Million Annual Rate in November CNBC U.S. weekly jobless claims total 885,000, vs 808,000 expected CNBC Bank of England holds rates as coronavirus outlook remains uncertain CNBC 10-year Treasury yields rise after Fed's pledge to support the economy CNBC Fed raises its economic outlook slightly, sees 4.2% growth next year and 5% unemployment rate

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