Happy Anniversary - or something... It is a decade since the financial crisis and ultimately the Great Recession began. Bear Stearns collapsed in March of 2008, the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, were placed in conservatorship in August, and AIG, Goldman Sacks and many other banks were "rescued" by the U.S. Treasury in September. Much of the blame for triggering the events was laid at the feet of the housing industry. Now, ten years later, the economy is booming but housing is a bit of a mixed bag . Robert Abare, editor of the Urban Institute's (UI's) Urban Wire recently interviewed UI research associate Karan Kaul, getting his assessment of the housing market's status ten years later. Kaul says the flawed regulations and lending practices that the market

June 7, 2018 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 Jun 7, 2018 Mortgage Rates Improve Slightly Thu, Jun 7, 2018 4:24PM Mortgage rates were steady to slightly lower today, depending on the lender and the time of day. Rates were higher earlier this morning as bond markets began the day in weaker territory (bonds drive rates). Bonds have been in a weakening trend since the middle of last week when European political risks began to subside. The early afternoon brought a wild and generally inexplicable move for bond markets. Much in the same way that we've seen "flash crashes" in the stock market from time to time, bonds underwent their own sort of flash crash. Actually, "crash" isn't the ideal word because the phe... (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 5.5 101.06 -0.22   97.47 101.61 UMBS 30YR 6.0 102.36 -0.18   99.66 102.50 10 YR Treasury 4.082 +0.043   3.621 4.780 MBS Live Day Ahead: How High Are Those Eyebrows? Thu, Jun 7, 2018 9:34AM Stop me if you've heard this one before.  Here's a formula for one of the ways bond markets move: Rates fall based on a particular risky eventuality.  While that the likelihood and the impact of that eventuality is being assessed, the rall... (read more) MBS Live Recap: Central Bankers and Corporate Issuance Not Helping Wed, Jun 6, 2018 5:32PM Bonds were weaker right from the start today as the overnight session saw several members of the European Central Bank comment on tapering prospects.  Granted, they're not calling it "tapering."  They're not even referring to any distinct event.  Rather, the discussion is about the general notion of "not buying bonds."  Whether they tap... (read more) MBS Price Change UMBS 5.0 99.45 -0.32 UMBS 5.5 101.06 -0.22 UMBS 6.0 102.37 -0.17 GNMA 5.0 99.73 -0.34 GNMA 5.5 101.04 -0.14 GNMA 6.0 102.01 -0.17 Pricing as of: 9/9 5:50PM EST US Treasury Yield Change 2 YR Treasury 3.558 +0.071 5 YR Treasury 3.615 +0.054 7 YR Treasury 3.815 +0.047 10 YR Treasury 4.087 +0.047 30 YR Treasury 4.731 +0.041 Pricing as of: 9/9 5:50PM EST Other News 10 Years After Crisis, Mortgage Market Needs New Fixes Thu, Jun 7, 2018 4:47PM Happy Anniversary - or something... It is a decade since the financial crisis and ultimately the Great Recession began. Bear Stearns collapsed in March of 2008, the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, were placed in conservatorship in August, and AIG, Goldman Sacks and many other banks were "rescued" by the U.S. Treasury in Se... (read more) After Long Search, MBA Finds New Leadership Thu, Jun 7, 2018 11:22AM A nine-month search for a replacement for David H. Stevens as president and CEO of the Mortgage Bankers Association (MBA) ended today with the selection of Robert D. Broeksmit. Broeksmit is a Certified Mortgage Banker (CMB) and current president and chief operating officer of Treliant Risk Advisors, a financial services consulting firm. He has also held a se... (read more) Fraud Products; Upcoming Events, Training, and Webinars Thu, Jun 7, 2018 8:56AM Life is full of ups and downs. Some news is devastating, some of it not so much. But remember how bad it felt, that feeling in your stomach, when someone stole your lunch from the cubby, or your bike from the rack? The stakes are higher now, and wire fraud is now hitting the home building industry. CertifID put out a white paper titled, “ Wire Fraud Be... (read more) Latest Video Santelli Exchange: Markets vs. policy vs. economic data I think economy will near 3% in the second quarter, says former Honeywell C... We want wages to go up, says Jamie Dimon Around the Web Washington Post Teaching new mortgage lender a lesson backfires on homeowner consumerfinancemonitor.com CFPB expected to dismiss PHH case Calculated Risk Blog Fed's Flow of Funds: Household Net Worth increased in Q1 Brookings Institution Hutchins Roundup: Benefits from productivity growth, information in patent disclosures, and more CNBC In 4 cities, renting long-term can cost you over $2 million Calculated Risk Blog Las Vegas Real Estate in May: Sales Down 10% YoY, Inventory down 12% Freddie Mac Mortgage Rates Inch Backward CNBC Both the dollar and yields will keep climbing at least for the short term, strategist says CNBC America's biggest RV manufacturer warns tariffs are already raising costs, shares plunge Calculated Risk Blog Weekly Initial Unemployment Claims decrease to 222,000 Reuters Euro and bond yields extend rally on ECB while risk appetite grows Bloomberg Fed on Track to Raise Rates Regardless of Emerging-Market Woes PR Newswire U.S. Home Flipping Rate Matches Six-Year High In Q1 2018 Despite 3 Percent Year-Over-Year Decrease In Number Of Homes Flipped

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