The block purchases of single-family houses by institutional investors, which began during the housing and foreclosure crisis, was first credited with putting a floor under the housing market in 2010 through 2012. Since then, it has been blamed for keeping large numbers of homes off the market, leading to shortages and higher home prices. Some owners have been criticized as well for landlord abuses. The Urban Institute has now published research on another aspect of institutional ownership of rental properties. UI says these findings should be considered a possible model rather than something to disparage. UI analysts Laurie Goodman and Edward Golding say that most of the homes purchased by Wall Street investors as rentals need repair to enhance rentability and the institutional buyers have

November 4, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Nov 4, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.58 +0.13   95.05 100.11 UMBS 30YR 5.5 101.09 +0.09   97.47 101.40 10 YR Treasury 4.088 -0.021   3.932 4.780 MBS Price Change UMBS 4.5 97.53 +0.12 UMBS 5.0 99.58 +0.13 UMBS 5.5 101.09 +0.09 GNMA 4.5 97.53 +0.03 GNMA 5.0 99.80 +0.16 GNMA 5.5 100.88 +0.09 Pricing as of: 11/4 8:18AM EST US Treasury Yield Change 2 YR Treasury 3.576 -0.033 5 YR Treasury 3.697 -0.027 7 YR Treasury 3.880 -0.025 10 YR Treasury 4.089 -0.020 30 YR Treasury 4.674 -0.019 Pricing as of: 11/4 8:18AM EST Other News Learning from Wall Street's Edge in Buying Fixer Uppers Thu, Nov 4, 2021 4:31PM The block purchases of single-family houses by institutional investors, which began during the housing and foreclosure crisis, was first credited with putting a floor under the housing market in 2010 through 2012. Since then, it has been blamed for keeping large numbers of homes off the market, leading to shortages and higher home prices. Some owners have be... (read more) GSE Seeks Inclusion of Rent in Credit Scores Thu, Nov 4, 2021 4:27PM Freddie Mac is joining Fannie Mae in including timely rent payments into the assessment of homebuyer credit. Fannie Mae's president, Hugh Frater announced a program in August that would allow lenders to use Desktop Underwriter to submit a history of recurring rent payments. The program Freddie Mac just announced appears to go a further. The company says it i... (read more) Capital Markets Update; Hedging, Compliance, Sales Tools; Fed's Tapering and Mortgage Rates Thu, Nov 4, 2021 10:58AM Excuse me while I rant a bit. Let’s throw some money questions your way on a Thursday. Do you have any Rice Krispies at your store? If you do, buy them: Kellogg’s cereal plant workers are on strike . (I want to let them know that they have my full support after I finish my breakfast.) Did you know that China controls 30 percent of the world&rsquo... (read more) Latest Video The 2pm Bond Report - November 4, 2021 Jobless claims hit another pandemic-era low at 269,000 The 9am Bond Report - November 4, 2021 Greene: Jay Powell redefined how the Fed is thinking about "transitory" Around the Web CNBC Opendoor shares soar as investors predict gains in home buying market after Zillow's exit Calculated Risk Blog October Employment Preview CNBC Democrats put 401(k) and IRA restrictions for the rich back into their Build Back Better plan Reuters U.S. labor market tightening; wage costs accelerating Calculated Risk Blog Hotels: Occupancy Rate Down 6% Compared to Same Week in 2019 Reuters Tantrum-free Fed taper drives up stocks, BoE holds off from rate hike Calculated Risk Blog Trade Deficit Increased to $80.9 Billion in September CNBC U.S. weekly jobless claims total 269,000 vs. 275,000 estimate CNBC Bank of England holds off hiking rates despite surging inflation CNBC Treasury yields mixed following Fed taper announcement CNBC Traders move up expectations for the Fed's first rate hike to the summer of 2022 Redfin Supply of Affordable Homes Posts Record Gain as Mortgage Forbearance Ends Reuters Wall St edges higher after Fed unveils anticipated bond-buying 'taper'

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