The only loan performance metric reported by Black Knight Financial Service's December and thus year-end "first look" that rose in 2016 was the prepayment rate . That stat, despite the rapid increase in interest rates over the previous two months, was still 19.08 percent higher than a year earlier although it fell 5.50 percent compared to November. The prepayment rate at the end of the reporting period was 1.36 percent. The remainder of Black Knight's reporting were all on measures of housing market distress and those shrunk gratifyingly over the course of the year. The foreclosure inventory rate was down by 30.53 percent compared to the previous December, an improvement Black Knight calls the most in any year on record. The number of loans in active foreclosure declined by more than 206,000

January 23, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jan 23, 2017 Mortgage Rates Remain at Recent Highs Despite Afternoon Bounce Fri, Jan 20, 2017 4:40PM Mortgage rates rose slightly today, on average, but performances varied by lender and depending on the time of day. Rates were higher across the board this morning as global bond markets added to yesterday's weakness (weaker bond markets = higher rates, in general). Investors were on edge ahead of Trump's inauguration address as there was speculation that he'd offer more details on specific stimulus plans. When those details never came, markets reacted accordingly. Stocks moved lower and bond markets improved. Several lenders were thus able to offer mid-day rate improvements. This took the ave... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 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 UMBS 30YR 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Live Week Ahead: Limited Data and Fed Blackout Leave Focus on Trump, Technicals Mon, Jan 23, 2017 8:52AM Beginning on the business week before an FOMC Announcement, Fed speakers are "highly discouraged" (forbidden, basically) from making public speeches or comments regarding monetary policy.  This is referred to as the Fed's blackout period and it begins today in the run up to next Wednesday's Announcement.  That deprives markets of one semi-reliabl... (read more) MBS Live Recap: Bonds Bounce Back After Inauguration Fri, Jan 20, 2017 5:28PM To be fair to today's presidential inauguration, it was never destined to be an exceptionally big market mover.  Traders nonetheless had to prepare to move in either direction in the event Trump's speech contained something revelatory.   ... (read more) MBS Price Change UMBS 5.0 99.68 -0.10 UMBS 5.5 101.22 -0.06 UMBS 6.0 102.46 -0.08 GNMA 5.0 100.00 -0.07 GNMA 5.5 101.18 -0.01 GNMA 6.0 102.12 -0.06 Pricing as of: 9/9 6:49AM EST US Treasury Yield Change 2 YR Treasury 3.503 +0.015 5 YR Treasury 3.580 +0.019 7 YR Treasury 3.789 +0.021 10 YR Treasury 4.065 +0.026 30 YR Treasury 4.722 +0.032 Pricing as of: 9/9 6:49AM EST Other News 2016 Saw Mortgage Distress Recede Strongly Mon, Jan 23, 2017 11:18AM The only loan performance metric reported by Black Knight Financial Service's December and thus year-end "first look" that rose in 2016 was the prepayment rate . That stat, despite the rapid increase in interest rates over the previous two months, was still 19.08 percent higher than a year earlier although it fell 5.50 percent compared to November. The prepa... (read more) FHA Premium Cut Officially Reversed; Mortgagee Letter Already Out Fri, Jan 20, 2017 3:02PM As was being widely rumored yesterday, the newly installed Trump Administration has indefinitely suspended a scheduled reduction in the annual premium for Federal Housing Administration (FHA) insurance. A 25-basis point reduction in that premium was announced by then Housing and Urban Development (HUD) Secretary Julian Castro on January 9, scheduled to go in... (read more) Guild & Quicken in the Media; 2 Sides to the FHA About-Face; Events/Conferences Mon, Jan 23, 2017 9:31AM Our thoughts and prayers go out to the families of those that lost their lives in storms in the South and East. On the other coast, Los Angeles has received more rain over the weekend than in all of 2013! And while we’re talking about extremes, the definition of “mansion” can be relative. Whatever it means, exactly, is unknown, but Bruce Sp... (read more) Latest Video Santelli Exchange: The future of manufacturing Trump: We will cut taxes massively for middle class, companies Trump: We will impose major border tax if companies go overseas Around the Web NAHB Eye on Housing Property Taxes by State 2015 Reuters Citi subsidiaries to pay $28.8 million over giving U.S. homeowners 'runaround': CFPB Reuters Fed's Lacker favors faster rate hike path to curb inflation Reuters Trump signs order withdrawing U.S. from Trans-Pacific trade deal NAHB Eye on Housing Residential Construction Employment Solid in December CFPB Monitor Trump Administration issues regulatory freeze; application to CFPB uncertain CNBC Wall St.'s elation turns to concern after Trump's first bizarre weekend CNBC Trump tells business leaders he wants to cut regulations by 75 percent or 'maybe more' CNBC President Trump sued over foreign payments to his firms: Court filing bkfs.com Black Knight Financial Services' First Look at December 2016 Mortgage Data NAR - Realtor.com The U.S. Cities That Are Gentrifying the FastestYou'll Never Guess No. 1 Bloomberg Beware the Hedge-Fund Wipeout in Treasuries as Bearish Bets Soar Fannie Mae 2017 Outlook: Will Policy Changes Extend the Expansion? ...

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