Mark Calabria, Director of the Federal Housing Finance Agency (FHFA) is stepping up his agency's actions to spring Fannie Mae and Freddie Mac (the GSEs) from their decades long federal receivership. Most recently he called on the mortgage industry to give feedback on FHFA's strategic plan which includes steps to do so. FHFA's strategic plan for fiscal years 2021 to 2024 lays out the framework for three key goals over the next few years: Ensure safe and sound regulated entities through world-class supervision. Foster competitive, liquid, efficient, and resilient national housing finance markets. Position the Agency as a model of operational excellence by strengthening the workforce and infrastructure. The third objective of goal 1 is to "Responsibly end the conservatorship" of the GSEs. In his

September 23, 2020 Download our Mobile App: Download our Mobile App: Housing News Ending Fannie/Freddie Conservatorship Still a Top Priority for FHFA Mark Calabria, Director of the Federal Housing Finance Agency (FHFA) is stepping up his agency's actions to spring Fannie Mae and Freddie Mac (the GSEs) from their decades long federal receivership. Most recently he called on the mortgage industry to... (read more) Housing News FHFA Says 2-Month House Price Gain was Largest Ever Home prices rose another 1.0 percent in July, bringing the year-over-year gain to 6.5 percent according to the House Price Index (HPI) produced by the Federal Housing Finance Agency (FHFA). The agency also revised its previously reported 0.9 percent ... (read more) Mortgage Rate Watch Refresher on The New Refi Fee and Its Effect on Mortgage Rates Fannie Mae and Freddie Mac are the two government sponsored agencies that guarantee timely payment of principal and interest to the investors who front the money that finances the American mortgage market. This guarantee means that more investors are... (read more) MBS Commentary MBS Live Recap: Stocks Try to Help, But Bonds Stay Relentlessly Flat Stocks Try to Help, But Bonds Stay Relentlessly Flat Econ data, Treasury auctions and Fed speakers all failed to move the needle.  Bonds only showed signs of life in response to new corporate debt issuan... (read more) Housing News Mortgage Application Gains Resumed Post-Labor Day, Forbearances at Recent Lows Mortgage application activity rebounded last week from the previous week's Labor Day holiday lull. The Mortgage Bankers Association's (MBA's) Market Composite Index, a measure of mortgage loan application volume, increased 6.8 percent on a seasonally... (read more) Rob Chrisman Sales Jobs; Marketing, AMC, Subservicer Products; Company Webinars; GSE Changes I know that plenty of folks at United Wholesale read this commentary, and the company is in the news about a merger that will take UWM public valuing it at $16 billion. Perhaps Bruce Springsteen reads this commentary, perhaps not, but he turns 71 tod... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 -0.01 Price / Yield Change MBS UMBS 5.5 99.92 -0.01 UMBS 6.0 101.58 +0.00 GNMA 5.5 100.07 +0.01 GNMA 6.0 101.43 +0.03 Pricing as of: 7/1 10:33PM EST 10 Year US Treasury 4.2446 +0.0054 Price / Yield Change US Treasury 2 YR Treasury 3.771 -0.005 5 YR Treasury 3.833 -0.006 7 YR Treasury 4.017 +0.004 10 YR Treasury 4.243 +0.004 30 YR Treasury 4.766 -0.001 Pricing as of: 7/1 10:33PM EST Latest Video Fed Chair Powell says more fiscal support is needed—Four experts are doubtf... United Wholesale Mortgage and Gores Holdings on the deal to go public via S... September Markit flash manufacturing PMI comes in at 53.5 vs 53.8 expected The Bond Report 9a: September 23, 2020 Around the Web Calculated Risk Blog NMHC: Rent Payment Tracker Shows Decline in Households Paying Rent in September Calculated Risk Blog AIA: "Architectural billings in August still show little sign of improvement" NAHB Eye on Housing New Homes Account for 3.7% of the US Energy Consumption CNBC Treasury yields climb ahead of data and Fed's Powell testimony Market Watch Fed's Rosengren says economy is more fragile than data suggests Reuters Fed's Evans says he doesn't fear 2.5% inflation, or even above CNBC $300 unemployment benefits end in at least 9 states as stimulus hopes fade Calculated Risk Blog Comments on August Existing Home Sales CNBC If you're home-rich but cash-poor, here's what to know about reverse mortgages CNBC Powell pledges the Fed's economic aid 'for as long as it takes' Redfin Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers' Priorities NAHB Eye on Housing Home Values, Owners' Equity Rise in 2Q20 Calculated Risk Blog MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 6.93%"

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