There was a big jump in the incidence of mortgage fraud over the course of the last year. CoreLogic's annual report for the second quarter of 2021 reports that one in 120 mortgage applications (0.83 percent) submitted during that period showed indications of at least one of six types of fraud. This is up 37.2 percent from the prior 12-month period. Fraud was most prevalent in purchase mortgage applications, one occurrence in every 90 applications, and a 40 percent year-over-year increase. Fraud was indicated in one in every 169 refinance applications, up 19.4 percent on an annual basis. The company said that the increase in incidents, while appearing drastic, occurred against the second quarter of 2020 which was the lowest index point in the 11 years CoreLogic has collected the data. At that

October 29, 2021 Download our Mobile App: Download our Mobile App: Housing News Mortgage Fraud on the Rise, Purchase Applications Vulnerable There was a big jump in the incidence of mortgage fraud over the course of the last year. CoreLogic's annual report for the second quarter of 2021 reports that one in 120 mortgage applications (0.83 percent) submitted during that period showed indica... (read more) Housing News Millennial Homebuying Share Correlates with High-Tech Job Opportunities The Millennial Generation, adults born between 1981 and 1996, were late bloomers when it came to buying a home. They came of age just in time to be clobbered by the Great Recession, have been burdened by high levels of student debt, were slow to form... (read more) Rob Chrisman Digital, Sales, Non-QM Webinars; Rohit and the CFPB on the Move; Big-Name Mortgage Earnings I got some exciting news yesterday: Snickers are gluten free! Actually I don’t care (the more gluten the better… does the government allow us trick or treating?) but figured I’d pass that along as it is much more fun to talk about ... (read more) Mortgage Rates Mortgage Rate Mini-Winning Streak Comes to an End 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 MBS Live Recap: Nice Recovery as Month-End Trades Roll In 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 6:21AM 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 6:21AM EST Latest Video Interest rates will go up and we think the lower priced you are, the more a... October consumer sentiment index beats estimates at 71.7 The 9am Bond Report - October 29, 2021 The 2pm Bond Report - October 28, 2021 Around the Web Calculated Risk Blog Early Q4 GDP Forecasts: Around 5% to 6% CNBC Bill Ackman calls for the Fed to start raising interest rates 'as soon as possible' Calculated Risk Blog Real Personal Income: Transfer Payments Reuters U.S. labor costs power ahead in third quarter as wages surge Reuters U.S. labor costs power ahead in third quarter as wages surge Calculated Risk Blog Personal Income Decreased 1.0% in September, Spending Increased 0.6% CNBC Treasury Secretary Yellen says spending bills will be anti-inflationary, lowering important costs CNBC Euro zone inflation rises to 4.1% for October, hitting a new 13-year high CNBC The market is starting to price in more interest rate hikes than the Fed is indicating CNBC Pending home sales fell unexpectedly in September, likely due to higher mortgage rates CNBC U.S. gross domestic product increases at 2.0% annualized pace in Q3 vs. 2.8% estimate CNBC European Central Bank holds policy steady despite soaring inflation CNBC 10-year Treasury yield rises to top 1.55% ahead of GDP update

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