After gathering little attention for nearly a decade, the two GSEs, Fannie Mae and Freddie Mac are making news on several fronts. Two developments in the last few days are worth noting. The Federal Housing Finance Agency confirmed on Thursday that the two GSEs will pay their fourth quarter dividends to the Treasury as scheduled. As we reported here earlier this week, there is growing concern about the ultimate result of the net dividend sweep, in which each of the GSEs is required pay Treasury all of the previous quarter's profits, less a steadily reserving cash reserve. That reserve reaches zero at the end of this year, leaving the GSE's with no capital with which to manage any downturn in the housing market. Concern about the GSE's capital reserves sparked a letter to Treasury and FHFA from

March 31, 2017 Download our Mobile App: Download our Mobile App: Housing News Freddie and Fannie Will Pay Up After gathering little attention for nearly a decade, the two GSEs, Fannie Mae and Freddie Mac are making news on several fronts. Two developments in the last few days are worth noting. The Federal Housing Finance Agency confirmed on Thursday that th... (read more) Rob Chrisman PHH to Lose CEO; Fannie/Freddie Changes--Their Future Remains Uncertain Let’s end the week with a non-mortgage question, but one that you mathaletes will enjoy. What would happen if you were hit by a penny falling from a skyscraper ? Fannie Mae and Freddie Mac will transfer one trillion pennies ($10 billion) in ear... (read more) Mortgage Rate Watch For Mortgage Rates, Once Again, It Depends For the third day in a row, day-over-day mortgage rate movement depends heavily on the lender. That means some lenders will be in noticeably better shape vs their latest offerings from yesterday while others will now be quoting higher rates. At issue... (read more) MBS Commentary MBS Live Day Ahead: Technical Levels Under Attack Regardless of Data While there are several economic reports that have market-moving power today, the bigger issue for bond markets may be the technical battle that's been fought at 10yr yields of 2.42% all week.  This has been a very central pivot point for the ... (read more) MBS Commentary MBS Live Recap: Volatility in a Narrow Range For all of the apparent drama and volatility experienced during the past 2 weeks, it's easy to overlook just how narrow the range has been.  There's no simpler way to say it than this: for the 8th straight day, 10yr yields closed between 2.375... (read more) MBS Commentary MBS Live Recap: Bonds Almost Perfectly Unchanged in Q1 Month/Quarter-end bond buying was nowhere to be seen until today.  It can provide a mild but determined positive trend in bond markets that transcends economic data.  Case in point, Core PCE was +1.8 vs a +1.7 forecast today and bonds bega... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% 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 6.79% -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 UMBS 30YR 5.5 99.70 -0.15 Price / Yield Change MBS UMBS 5.5 99.72 -0.13 UMBS 6.0 101.46 -0.11 GNMA 5.5 99.89 -0.07 GNMA 6.0 101.19 -0.22 Pricing as of: 7/3 10:51AM EST 10 Year US Treasury 4.3314 +0.0516 Price / Yield Change US Treasury 2 YR Treasury 3.878 +0.090 5 YR Treasury 3.930 +0.063 7 YR Treasury 4.116 +0.059 10 YR Treasury 4.333 +0.053 30 YR Treasury 4.848 +0.039 Pricing as of: 7/3 10:51AM EST Latest Video Real Estate moguls share a common mistake to avoid when flipping a home Personal income up 0.4% in February Fed's Dudley: After last hike, rates 'still unusually low' Around the Web CNBC Homebuilder stocks tracking for best quarter in more than 2 years Reuters Fannie, Freddie may write down $21 billion due to tax cut: BMO The Atlantic Americans Feel More Confident About the Economy Calculated Risk Blog Fannie Mae: Mortgage Serious Delinquency rate declined in February, Lowest since March 2008 Reuters Fed signals it could promptly start shedding bonds from portfolio this year Calculated Risk Blog Reis: Apartment Vacancy Rate increased in Q1 to 4.3% CNBC Here's how much the average young family has saved for retirement Reuters Oil retreats, set to become worst-performing asset in first quarter CNBC Dudley thinks the Fed could answer its $4.5 trillion question later this year CNBC US consumer sentiment disappoints in final March reading Reuters Consumer spending posts smallest gain in six months Redfin Lack of Homes for Sale is a Problem for Sellers, Too Reuters Wells Fargo must face litigation on defective mortgages: U.S. judge

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