There was, as expected, a huge improvement in the number of forbearance plans during the week ended July 6. Black Knight reports that the number of homeowners in plans dropped by 189,000. This brought the total to 1.86 million, 3.5 percent of all active mortgages. This is the first time the total has dropped below 2 million since April 2020. The decline came following quarterly servicer reviews of the large volume of borrowers who entered the program at the start of the pandemic. Those early entries have reached their 15 th month of forbearance protection and, unless the program is extended, will reach final expiration in three months. At the same time, new entries and program reentries hit a new low, a total of fewer than 26,000. Black Knight says that of the 325,000 plans that were reviewed

July 12, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.37% +0.15%   6.13% 7.26% 15 Yr. Fixed 5.88% +0.13%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.11%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Jul 12, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.37% +0.15 0.00 15 Yr. Fixed 5.88% +0.13 0.00 30 Yr. FHA 6.05% +0.10 0.00 30 Yr. Jumbo 6.25% +0.11 0.00 7/6 SOFR ARM 5.77% +0.12 0.00 30 Yr. VA 6.07% +0.09 0.00 Updates Daily - Last Update: 9/18 Freddie Mac Rate Change Points 30 Yr. Fixed 6.26% -0.09 0.00 15 Yr. Fixed 5.41% -0.09 0.00 Updates Weekly - Last Update: 9/18 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.47 -0.07   95.05 100.47 UMBS 30YR 5.5 101.05 -0.02   97.47 101.61 10 YR Treasury 4.110 +0.006   3.706 4.780 MBS Price Change UMBS 4.5 97.39 -0.08 UMBS 5.0 99.48 -0.07 UMBS 5.5 101.05 -0.01 GNMA 4.5 97.49 -0.01 GNMA 5.0 99.72 -0.04 GNMA 5.5 100.89 -0.01 Pricing as of: 9/18 9:54PM EST US Treasury Yield Change 2 YR Treasury 3.568 +0.004 5 YR Treasury 3.667 +0.000 7 YR Treasury 3.858 +0.008 10 YR Treasury 4.112 +0.008 30 YR Treasury 4.730 +0.006 Pricing as of: 9/18 9:54PM EST Other News Forbearances See Largest Improvement to Date Mon, Jul 12, 2021 11:41AM There was, as expected, a huge improvement in the number of forbearance plans during the week ended July 6. Black Knight reports that the number of homeowners in plans dropped by 189,000. This brought the total to 1.86 million, 3.5 percent of all active mortgages. This is the first time the total has dropped below 2 million since April 2020. The decline came... (read more) Attitudes About Buying and Selling Continue to Diverge Thu, Jul 8, 2021 11:38AM Fannie Mae said "Consumers are increasingly adamant that it's a good time to sell, bad time to buy a home" as it released its June Home Purchase Sentiment Index (HPSI). The index, based on the company's monthly National Housing Survey, shows a growing difference in the number of consumers who hold one or another of those opinions. The HPSI was largely unchan... (read more) AE, MLO, Ops Jobs; Retention, Credit, Underwriting, Subservicing Products; Training and Events Mon, Jul 12, 2021 11:38AM I head to San Diego today for the CAMP event as the industry continues to change back to in-person events. There is always change. (How’s that for an understatement to begin your workweek?) We have new Wimbledon champions, a new European soccer champion. Some are effectively changing to YouTube to get their message across, like Mace Innovations , inter... (read more) Latest Video Treasury sells $38 billion in 10-year notes New York Fed survey reports highest one-month increase in inflation expecta... The 9am Bond Report - July 12, 2021 The 3pm Bond Report - July 09, 2021 Around the Web Calculated Risk Blog Boston Real Estate in June: Sales Up 77% YoY, Inventory Down 19% YoY Calculated Risk Blog Housing Inventory July 12th Update: Inventory Unchanged Week-over-week, Up 22% from Low in early April Calculated Risk Blog Seven High Frequency Indicators for the Economy Reuters Yellen urges EU to back global tax deal, keep fiscal support CNBC Treasury yields start the week lower, 10-year Treasury around 1.34% Reuters Marketmind: Real world data bites Reuters ECB to change policy guidance at next meeting, Lagarde says National Associattion of Realtors Housing Affordability Falls in May as Home Prices Rise Faster than Income Reuters Treasury yields rise, U.S. stocks hit new highs; dollar weakens Calculated Risk Blog Q2 GDP Forecasts: Around 9% Fannie Mae Fed Remains Patient on Tapering Timeline as Labor Market Tightness Persists Calculated Risk Blog Hotels: Occupancy Rate Down Slightly Compared to Same Week in 2019 Calculated Risk Blog Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Decreased Sharply

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