Can a letter, or another form of communication, sent by Party A and received by Party B, remain the exclusive property of Party A, even when in the physical possession of Party B? According to the copy of a letter released by BuzzFeed this weekend, Jeb Hensarling, (R-TX), Chairman of the House Financial Services Committee (FSC), is asserting such control for his committee. The letter, sent on April 3, 2017 to Treasury Secretary Steven Mnuchin, and signed only by Hensarling says that communications between FSC and Treasury "constitute congressional records, not 'agency records' for the purposes of the Freedom of Information Act, and remain subject to congressional control even when in the physical possession of the Agency." The Freedom of Information act - or FOIA - was enacted in 1966 and applies

May 8, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for May 8, 2017 Mortgage Rates Slightly Lower After Jobs Report Fri, May 5, 2017 5:47PM Mortgage rates recovered today, moving sideways to slightly lower after losing ground over the past few days. Today's focal point was the Employment Situation--the big "jobs report" for the month of April. Job creation ended up slightly stronger than expected (211k new jobs created versus a median forecast of 185k). Stronger jobs data typically puts upward pressure on mortgage rates, but in today's case, there were some mitigating factors. The biggest mitigating factor is that rates have simply been moving in a very narrow range, and all the ups/downs we've been discussing in recent weeks aren... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 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 5.5 101.10 -0.18   97.47 101.61 UMBS 30YR 6.0 102.40 -0.13   99.66 102.50 10 YR Treasury 4.083 +0.043   3.621 4.780 MBS Live Week Ahead: Bonds Battle Negative Trend Amid Auctions and Limited Data Mon, May 8, 2017 9:23AM The economic and event calendar is fairly light this week, especially on the first few days.  The importance and pace of potential market movers increases somewhat on Wednesday with Import/Export Price data and the afternoon's 10yr Treasury auct... (read more) MBS Live Recap: NFP Threads The Needle, Leaving Bonds Unchanged Fri, May 5, 2017 7:12PM Today's NFP report certainly could have been damaging for bond markets if it contained a significant revision to last month's low 98k headline.  It didn't.  In fact, last month was revised even  lower to 79k!  It's a good thing too, because this month's headline NFP came in slightly hotter, at 211k vs 185k.  The negative revision ... (read more) MBS Price Change UMBS 5.0 99.47 -0.31 UMBS 5.5 101.09 -0.19 UMBS 6.0 102.38 -0.16 GNMA 5.0 99.79 -0.29 GNMA 5.5 101.12 -0.07 GNMA 6.0 102.08 -0.11 Pricing as of: 9/9 5:16PM EST US Treasury Yield Change 2 YR Treasury 3.550 +0.063 5 YR Treasury 3.608 +0.046 7 YR Treasury 3.809 +0.041 10 YR Treasury 4.081 +0.042 30 YR Treasury 4.721 +0.031 Pricing as of: 9/9 5:16PM EST Other News Hensarling Asserts Control Over All Correspondence with Treasury Department Mon, May 8, 2017 10:15AM Can a letter, or another form of communication, sent by Party A and received by Party B, remain the exclusive property of Party A, even when in the physical possession of Party B? According to the copy of a letter released by BuzzFeed this weekend, Jeb Hensarling, (R-TX), Chairman of the House Financial Services Committee (FSC), is asserting such control for... (read more) Lehman Legal News; Vendor Updates; Trends in Credit Scores and Tax Documentation Mon, May 8, 2017 9:31AM Is LBHI's third wave of claims against and lenders and brokers starting? According to the American Mortgage Law Group's Managing Member, James Brody, Lehman Brothers Holdings, Inc. ("LBHI") has often stated that its RMBS litigation could result in Trust Claims that are very similar in nature to the Fannie Mae and Freddie Mac claims that LBHI had asserted aga... (read more) Mergers and Acquisitions; Jumbo Loan Trends Fri, May 5, 2017 9:31AM Today on “Jobs Friday,” don’t think California has some pull? It is home to 1 in 8 Americans and its economy is the 6th largest in the world. It has 58 counties; there are a total of 3,143 counties and county-equivalents in the United States. I mention this not to give you some trivia for Cinco de Mayo, but to show how narrowly confined the... (read more) Latest Video Closing Bell Exchange: Bonds or stocks the better play? Santelli Exchange: Buy high, sell higher? Buffett: Housing improving but not booming Around the Web CNBC Wall Street needs to stop freaking out about low volatility, Merrill says NAR - Realtor.com Despite Higher Home Prices, More Americans Say It's a Good Time to Buy Calculated Risk Blog Leading Index for Commercial Real Estate Decreases in April consumerfinancemonitor.com CFPB seeks comments on its plan to assess the RESPA mortgage servicing rule Fannie Mae Fannie Mae Submits Duty to Serve Underserved Markets Plan ... Calculated Risk Blog Phoenix Real Estate in April: Sales up 10%, Inventory down 9% YoY CNBC Goldman says U.S. economy may be slowly growing into the longest expansion in history Market Watch Bond Report: Treasury yields reflate on Emmanuel Macron victory in French Election CNBC US stock futures and the euro lose their initial pop on the French election CNN Bernanke: Divide in Congress is 'extraordinarily strong' Gallup Half of Non-Homeowners Expect to Buy Homes in Five Years NAR - Realtor.com These Cities Are the 10 Biggest Comeback Stories in U.S. Real Estate Market Watch Fed's Bullard says target interest rate is close to where Taylor rule recommends

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.