The Treasury Department has released the first in what it describes as a series of reports to the President looking at the country's financial regulatory system. The report, titled A Financial System That Creates Economic Opportunities, was mandated by Executive Order 13772 which instructs the Treasury Secretary to report the extent to which the existing financial regulatory system promote the Administration's "Core Principles" of financial regulation. Among its recommendations are substantial changes to the form and funding of the Consumer Financial Protection Bureau. The Core Principals specified in the report Empower Americans to make independent and informed choices in the marketplace, save for retirement, and build individual wealth. Prevent taxpayer-funded bailouts. Foster economic growth

June 14, 2017 Download our Mobile App: Download our Mobile App: Housing News Treasury Issues First Recommendations for Regulatory Reform The Treasury Department has released the first in what it describes as a series of reports to the President looking at the country's financial regulatory system. The report, titled A Financial System That Creates Economic Opportunities, was mandated ... (read more) MBS Commentary MBS Live Day Ahead: All About The Fed's Rate Hike Expectations If you follow bond market movement for long enough, one thing becomes clear above all others: the Fed is the most reliable explanation for shifts in momentum.  That's not to say that bond markets are primarily driven by the Fed.  After al... (read more) Rob Chrisman FHA,VA Updates; Tech and Processing; Morgan's Home Loan App Tool Depository banks are in the business to lend, and are now concerned about commercial lending. What do Cleveland, Memphis, and Chicago have in common? They're overbuilt. Cleveland alone has added 21 million (yes, million) square feet of retail space s... (read more) Housing News Refinances Reawaken, Loan Size Highest in 9 Months Another week of declining interest rates boosted refinance activity and sent overall mortgage activity higher during the week ended July 9. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage application volu... (read more) MBS Commentary MBS Live Recap: Bonds Sending Clear Message Ahead of Fed The past 3 trading sessions have largely represented a consolidation in prices and yields, just off the best levels of the year.  There has certainly been a risk that rates were bouncing off those levels only to begin the next uptrend (much li... (read more) MBS Commentary MBS Live Commentary: Differences Between Current and Previous FOMC Statements (Additions underlined, deletions struck through) Information received since the Federal Open Market Committee met in March May indicates that the labor market has continued to strengthen even as growth in and that economic activity slowed. ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.03 0.00 15 Yr. Fixed 6.05% +0.01 0.00 30 Yr. FHA 6.38% +0.02 0.00 30 Yr. Jumbo 6.91% +0.01 0.00 7/6 SOFR ARM 6.27% +0.02 0.00 30 Yr. VA 6.40% +0.02 0.00 Updates Daily - Last Update: 7/24 15 Yr. Fixed Rate 6.05% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.31 -0.05 Price / Yield Change MBS UMBS 5.5 99.31 -0.05 UMBS 6.0 101.25 -0.06 GNMA 5.5 99.58 -0.05 GNMA 6.0 101.22 -0.04 Pricing as of: 7/24 8:12PM EST 10 Year US Treasury 4.3982 +0.0145 Price / Yield Change US Treasury 2 YR Treasury 3.923 +0.045 5 YR Treasury 3.960 +0.030 7 YR Treasury 4.164 +0.020 10 YR Treasury 4.398 +0.015 30 YR Treasury 4.939 -0.001 Pricing as of: 7/24 8:12PM EST Latest Video Fed raises rates US retail sales drop 0.3% in May vs 0.1% increase expected Mortgage apps up 2.8% on back of refi Around the Web CNBC Here's the Fed's new plan for shrinking its balance sheet CNBC The Fed maintains 2017, 2018 rate forecast Market Watch 2-year Treasury note on pace for sharpest daily yield drop since Brexit Calculated Risk Blog Key Measures Show Inflation mostly below 2% in May NAHB Eye on Housing CPI Slipped in May CNBC US businesses trim their stockpiles in April Market Watch The Fed: Even after weak data, Fed still seen hiking rates but not in September Reuters U.S. retail sales post biggest drop in 16 months CNBC US consumer prices dip 0.1% in May Calculated Risk Blog MBA: Mortgage Applications Increase in Latest Weekly Survey Bloomberg Bond Market Volatility Drops to Taper-Tantrum Lows as Fed Meets NAR - Realtor.com Does Anyone Remember How to Make a Subprime Mortgage? Market Watch Here's what the market thinks the Fed has got wrong

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