The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have made arrangements to share information during the COVID-19 national emergency. CFPB is a big portal for and repository of consumer complaints about providers of financial services and has agreed to make that information as it relates to mortgage servicers along with appropriate analytical tools to FHFA available. In turn, the conservator and regulator of the GSEs Fannie Mae and Freddie Mac will provide information to the Bureau about forbearances, modifications and other loss mitigation initiatives undertaken by servicers of GSE loans. The GSEs have instructed servicers to enter into forbearance agreements with borrower encountering financial hardship due to the pandemic. These agreements allow

April 15, 2020 Download our Mobile App: Download our Mobile App: Housing News Fannie/Freddie Regulator and CFPB Agree Will Share Mortgage Servicing Info The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have made arrangements to share information during the COVID-19 national emergency. CFPB is a big portal for and repository of consumer complaints about pro... (read more) Housing News Builder Confidence Utterly Decimated by Coronavirus The National Association of Home Builders (NAHB) said its Housing Market Index (HMI), which it sponsors jointly with Wells Fargo, suffered the largest monthly change in its more than 30-year history this month , plunging 42 points from March to a 30 ... (read more) Housing News Mortgage Application Volume Shows Pipeline Control is Working Even though many were probably doing it on their phone or tablet while sitting at their kitchen tables, Americans were busy submitting applications to refinance their home last week. The Mortgage Bankers Association (MBA) said that its Market Composi... (read more) Rob Chrisman Construction, Broker, Appraisal Products; Partial and Temporary Appraisal Delay for Banks While in captivity sometimes it is difficult social distancing . Working from home, and having video meetings, takes some getting used to. I was telling my cat Myrtle about a service that inserts a goat or llama into your Zoom call for $100 . As I wa... (read more) Mortgage Rate Watch Mortgage Rates Moderately Higher Today Mortgage rates were moderately to significantly higher today depending on the lender, the program, and on one's own definition of words like "moderate" and "significant." If you're well aware of the recently extreme level of variability between lende... (read more) MBS Commentary MBS Live Day Ahead: Lots of Data to Digest. Will it Matter? There's no question that financial markets have done a great deal to price-in the anticipated economic impact of coronavirus, but have they done enough?  And will it be the simple release of new econ data that provides clarity?  Today may b... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% 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 99.68 +0.04 Price / Yield Change MBS UMBS 5.5 99.68 +0.04 UMBS 6.0 101.47 +0.04 GNMA 5.5 99.89 +0.03 GNMA 6.0 101.38 +0.03 Pricing as of: 7/7 6:52AM EST 10 Year US Treasury 4.3497 +0.0030 Price / Yield Change US Treasury 2 YR Treasury 3.868 -0.015 5 YR Treasury 3.928 -0.009 7 YR Treasury 4.121 -0.004 10 YR Treasury 4.350 +0.003 30 YR Treasury 4.878 +0.015 Pricing as of: 7/7 6:52AM EST Latest Video Federal Reserve on coronavirus: Activity contracted sharply and abruptly Homebuilders face 'front end-loaded' impact, says Susquehanna's Jack Micenk... Homebuilder sentiment dips to 30 in April, lowest level since 2014 March retail sales drop 8.7% as coronavirus crisis hits consumer spending Around the Web Reuters Citigroup profit tumbles 46% on expected credit card losses CNBC The Fed's Main Street problem: Worries rise that money won't go where it's most needed Calculated Risk Blog Fed's Beige Book: "Economic activity contracted sharply and abruptly" CNBC Small business rescue loans top $296 billion, rapidly nearing the program's funding limit CNBC CEO of mortgage giant Quicken Loans explains how struggling homeowners can 'skip the payment' Reuters Wall Street slides on gloomy economic data, bank earnings Calculated Risk Blog NMHC: Rent Payment Tracker Finds Rent Payment Rate at 93 Percent of Prior Month Reuters U.S. manufacturing output posts largest drop since 1946 Calculated Risk Blog NAHB: Builder Confidence "Plunged" to 30 in April Reuters Citigroup profit tumbles as loan defaults loom Calculated Risk Blog Industrial Production Decreased in March Calculated Risk Blog NY Fed: Manufacturing "Business activity plunged in New York State", Record Low Index Reuters CDC director says some U.S. states may be ready to reopen May 1

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