Following a quiet week in which only 19,000 homeowners exited forbearance, Black Knight reports that the week ended November 2nd saw 85,000 departures. The typical month-end surge marked the final expiration of many forbearance plans which have a maximum term of 18 months. The largest declines were in FHA and VA plans , 42,000 exited on top of 7,7 00 the previous week. There was also a strong improvement in the number of Fannie Mae and Freddie Mac (the GSEs) participants with 22,000 homeowners leaving the program. Servicers had processed out 7,900 GSE loans during the week ended October 26. Loans serviced for bank portfolios and private label securities (PLS) saw the smallest declines both weeks, a total of 24,300 loans. At the end of the last reporting period, Black Knight said a total of

November 5, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman Automation, Processing, Title, Due Diligence Tools; FHA and VA News; The Fed and Rate Increases Nothing brings women together quite like an unclear dress code. Dress codes have been all over the map during the pandemic, and as companies adjust to having everyone come back into the office, a hybrid approach, or letting workers stay home (each wi... (read more) Housing News Forbearances Drop 100K Over Last Two Weeks Following a quiet week in which only 19,000 homeowners exited forbearance, Black Knight reports that the week ended November 2nd saw 85,000 departures. The typical month-end surge marked the final expiration of many forbearance plans which have a max... (read more) Housing News Learning from Wall Street's Edge in Buying Fixer Uppers 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 k... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.29% -0.16% Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% -0.16 0.00 15 Yr. Fixed 5.60% -0.21 0.00 30 Yr. FHA 5.95% -0.08 0.00 30 Yr. Jumbo 6.25% -0.15 0.00 7/6 SOFR ARM 5.59% -0.21 0.00 30 Yr. VA 5.97% -0.08 0.00 Updates Daily - Last Update: 9/5 15 Yr. Fixed Rate 5.60% -0.21% Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 MBS / Treasuries UMBS 30YR 5.5 101.13 +0.32 MBS Price Change UMBS 5.0 99.47 +0.46 UMBS 5.5 101.13 +0.32 UMBS 6.0 102.48 +0.16 GNMA 5.0 99.83 +0.48 GNMA 5.5 101.13 +0.25 GNMA 6.0 102.13 +0.03 Pricing as of: 9/7 3:09AM EST 10 Year US Treasury 4.0867 -0.0711 US Treasury Yield Change 2 YR Treasury 3.517 -0.072 5 YR Treasury 3.589 -0.055 7 YR Treasury 3.800 -0.061 10 YR Treasury 4.087 -0.071 30 YR Treasury 4.770 -0.090 Pricing as of: 9/7 3:09AM EST Latest Video House hopes to vote on infrastructure and social spending today Goldman Sachs chief economist weighs in on inflation, labor market The 9am Bond Report - November 5, 2021 Five experts break down October's better-than-expected jobs report Around the Web Calculated Risk Blog AAR: October Rail Carloads Down Compared to 2019 Fannie Mae Fed Announces Taper as Payroll Growth Accelerates and Inflation Persists CNBC Real-estate brokers brace for 'flood' of wealthy buyers from overseas as travel restrictions lift Calculated Risk Blog 1st Look at Local Housing Markets in October CNBC How inflation is impacting your paycheck: 'The earnings of workers have eroded in recent months' CNBC Job creation roars back in October as payrolls rise by 531,000 CNBC European markets muted as investors digest central bank decisions, earnings 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

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