Freddie Mac has laid out options that borrowers who have been granted forbearance on its loans have when it comes to repayment. The company's CEO David Brickman stressed that borrowers will never be asked to repay missed payments in one lump sum. March, the company, along with the other GSE Fannie Mae, announced several actions to assist homeowners facing financial hardship due to COVID-19. These include forbearance during which a borrower's payments are reduced or suspended. While borrowers in forbearance must repay the missed payments, full repayment immediately following forbearance is just one option open to them. Brickman said, "Simply put, if you are a homeowner seeking forbearance and Freddie Mac owns your loan, you are never required to make up missed payments in a lump sum. Our policies

April 28, 2020 Download our Mobile App: Download our Mobile App: Housing News Freddie Announces No Lump Sump Required After Forbearance Freddie Mac has laid out options that borrowers who have been granted forbearance on its loans have when it comes to repayment. The company's CEO David Brickman stressed that borrowers will never be asked to repay missed payments in one lump sum. Mar... (read more) MBS Commentary MBS Live Day Ahead: Both Sides of Market Making Gains Trillions of dollars of stimulus on the Fiscal side and many additional trillions of liquidity on the monetary side of the equation are helping stocks and bonds improve simultaneously.  Granted, it's not that simple and this isn't the extent of ... (read more) Housing News Mortgage Market Shows Resilience, Refis Continue to Dominate Freddie's Volume Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 9.2 percent in March, up from a 5.5 percent gain in February. The portfolio balance at the end of the period was $2.368 trillion compared to $2.350 tr... (read more) Housing News Will February Prove to be the Last Positive Home Sales Report for Now? In what will probably prove to be the last full month of normal home sales for a while , prices of homes accelerated significantly. The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 4.2 percent in February compared to a year earl... (read more) Rob Chrisman Underwriting, Rural Products; WFH, Anti-Fraud, Digital Webinars; Guideline Shifts Continue Folks will sometimes ask me, “It’s a mystery: What kind of preparation do you do before writing your daily commentary?” Although no one has ever filmed me, this is a close approximation . Another mystery is how much vodka goes into ... (read more) Mortgage Rate Watch Mortgage Rates at Lowest Levels in Several Weeks Let's get caveats out of the way upfront. No conversation about mortgage rates would be complete without a reminder that some lenders are very far removed from the averages. Moreover, even a lender is offering rates that are in line with today's aver... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 7:32PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 7:32PM EST Latest Video Watch CNBC's full interview with former Dallas Fed president Richard Fisher Fed Survey: Trillions more dollars are needed to restart the economy April consumer confidence comes in at 86.9 The Fed has done everything it possibly could: Kyle Bass Around the Web Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in February CNBC Millions can't access unemployment benefits so actual job losses are likely greater than data shows Redfin Buying a House Sight Unseen? Avoid These 8 Mistakes Calculated Risk Blog HVS: Q1 2020 Homeownership and Vacancy Rates Calculated Risk Blog Richmond Fed: "Fifth District Manufacturing Activity Declined Sharply in April", Lowest Reading on Record Reuters Mnuchin warns that U.S. Treasury will audit coronavirus business loans Calculated Risk Blog Case-Shiller: National House Price Index increased 4.2% year-over-year in February Reuters Millions of Americans locked out of unemployment system, survey finds Reuters With virus war still raging, Fed peers out of the foxhole CNBC Ten-year Treasury yields will stage a sustainable run above 1%, Wells Fargo predicts CNBC The Fed won't move on rates this week, but here are some other things it could do CNBC Many small businesses go back to work as some states lift stay-at-home restrictions Reuters Wall Street gains as some U.S. states reopen for business

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