The Treasury Department released the Trump Administration's long-awaited plan for reforming the nation's housing finance system on Thursday. Treasury says the Plan "includes nearly 50 recommended legislative and administrative reforms to define a limited role for the Federal Government in the housing finance system, enhance taxpayer protections against future bailouts, and promote competition in the housing finance system ." The plan is a response to a March 2019 Presidential Memorandum directing Treasury Secretary Steven T. Mnuchin to develop a framework for administrative and legislative reforms to address what it called the last unfinished business of the financial crisis. The Treasury Department said it met with a wide range of stakeholders including affordable housing advocates; broker

September 6, 2019 Download our Mobile App: Download our Mobile App: Housing News Treasury Rolls Out Huge Fannie/Freddie Reform Plan The Treasury Department released the Trump Administration's long-awaited plan for reforming the nation's housing finance system on Thursday. Treasury says the Plan "includes nearly 50 recommended legislative and administrative reforms to define a lim... (read more) Rob Chrisman Sales, Broker Products; Associated's LIBOR Shift; Freddie, Fannie, FHA's Future Yesterday the industry reacted to the topic of housing finance reform. HUD presented its plan for FHA . But, like Farrah Fawcett passing away on the same day as Michael Jackson more than ten years ago, the headlines were dominated by the plan for Fre... (read more) Mortgage Rate Watch Mortgage Rates Are Higher (Not Lower) Versus Last Week Mortgage rates walked back a decent chunk of their recent improvements today. This claim runs counter to almost any other coverage you'll see, but I'm right and they're wrong. Actually to be fair, I'm right in a timely way and they're right in a not-... (read more) MBS Commentary MBS Live Recap: Bond Market Threatens to Turn The Car Around It's only fitting to throw in a vacation-themed reference on Labor Day week.  Unfortunately, only the metaphor is lighthearted.  It's underlying message is a bit more troubling--potentially, anyway.   As far as we could see this... (read more) Housing News Fewer Prospective Home Buyers Are Actively in the Market Fewer prospective homeowners are making the move from thinking about buying to actively shopping than a year ago, according to a new study by the National Association of Home Builders (NAHB). Rose Quint, writing in NAHB's Eye on Housing blog says the... (read more) Housing News Equity Lending Faces Mixed Future A new study by the Mortgage Bankers Association (MBA) looks at lending and servicing of home equity lines of credit (HELOCs) and closed-end home equity loans (HE Loans.) The study finds that lenders see the current demand for equity lending to be mix... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.02 0.00 15 Yr. Fixed 6.02% +0.03 0.00 30 Yr. FHA 6.34% +0.05 0.00 30 Yr. Jumbo 6.90% +0.01 0.00 7/6 SOFR ARM 6.45% +0.10 0.00 30 Yr. VA 6.35% +0.05 0.00 Updates Daily - Last Update: 7/8 15 Yr. Fixed Rate 6.02% +0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 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 99.43 -0.03 Price / Yield Change MBS UMBS 5.5 99.43 -0.02 UMBS 6.0 101.31 -0.02 GNMA 5.5 99.61 -0.02 GNMA 6.0 101.22 -0.03 Pricing as of: 7/9 8:51AM EST 10 Year US Treasury 4.4112 +0.0050 Price / Yield Change US Treasury 2 YR Treasury 3.896 +0.001 5 YR Treasury 3.980 +0.009 7 YR Treasury 4.181 +0.007 10 YR Treasury 4.410 +0.004 30 YR Treasury 4.938 +0.011 Pricing as of: 7/9 8:51AM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web CNBC Fannie Mae, Freddie Mac shares tumble as Treasury overhaul plan disappoints Bloomberg Kudlow Says Bill Dudley Went 'Over the Cliff' in Comments on Fed Reuters Fed's Powell says politics play no role in interest-rate decisions CNBC Two years after huge Equifax breach was revealed, consumers are still too vulnerable to identity theft Calculated Risk Blog Las Vegas Real Estate in August: Sales up 1.4% YoY, Inventory up 37% YoY CNBC Watch Fed Chairman Jerome Powell's Q&A in Zurich live Reuters U.S. wants 'near term' results from new China trade talks: Kudlow Calculated Risk Blog Q3 GDP Forecasts: Mid-to-high 1% CNBC Larry Kudlow says phone call earlier this week with China on trade 'went well' CNBC The 10-year yield hasn't done this in 20 years, and it could be a bullish sign NPR Tepid U.S. Jobs Report Adds To Economic Jitters Reuters Trump administration unveils Fannie, Freddie overhaul, urges Congress to act CNBC Mohamed El-Erian on the bond markets: 'If you stick with the old rules, you will lose'

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