The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury announced late Tuesday that they were suspending some of the provisions that had been added to the Preferred Stock Purchase Agreements (PSPAs) on last January. The PSPA is the legal agreement between Treasury and Fannie Mae and Freddie Mac governing the terms of the line of credit given to the GSEs in 2008 when they were put into conservatorship. FHFA acting director Sandra L. Thompson said, "This suspension will provide FHFA time to review the extent to which these requirements are redundant or inconsistent with existing FHFA standards, policies, and directives that mandate sustainable lending standards." The January 14 amendments were said to bring the amount of capital the companies are permitted to retain

September 15, 2021 Download our Mobile App: Download our Mobile App: Housing News FHFA Suspends Second Home, Investment Loan Limits The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury announced late Tuesday that they were suspending some of the provisions that had been added to the Preferred Stock Purchase Agreements (PSPAs) on last January. The PSPA... (read more) Housing News Foreclosure Rate Lowest in Over Two Decades Today there are 400,000 homeowners in their final month of forbearance and another 1.2 million still in the program as it winds down, thus, it is probably way too early to conclude that the nation has a ducked a pandemic foreclosure bullet, However, ... (read more) Rob Chrisman AE, MLO Jobs; Jumbo, Non-QM, Retention, LOS Products; FHFA's Welcomed Policy Pause on Restrictions How ‘bout some random Q&A for Hump Day? Did you know that almost 2,400 of your co-workers are already registered for the National MBA conference next month in San Diego? A company is working to bring back the wooly mammoth ? (What could pos... (read more) Mortgage Rates Mortgage Rates Falling Back in Line With Best Recent Levels 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 MBS Live Recap: Sideways Vibes Won't Give Up Just Yet UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 3:12AM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 3:12AM EST Latest Video The 3pm Bond Report - September 15, 2021 Anthony Scaramucci talks about the SALT conference and the future of crypto... The 9am Bond Report - September 15, 2021 The 9am Bond Report - September 14, 2021 Around the Web The Basis Point Three-quarters of homebuyers faced bidding wars in April. Now it's about half. Here are cities with most & least bidding wars, and tips for winning. Calculated Risk Blog Another 5 Local Housing Markets in August Calculated Risk Blog Industrial Production Increased 0.4 Percent in August CNBC Here's how inflation is hitting the online prices of everything from apparel to furniture Black Knight Black Knight Introduces LoanCatcher, an All-in-One, Cloud-Based Loan Origination System Designed Specifically for Mortgage Broke... CNBC U.S. Treasury yields dip following cooler-than-expected inflation reading Calculated Risk Blog House Price to Median Income CNBC America is short more than 5 million homes, and builders can't make up the difference National Associattion of Realtors Student Loan Debt Holding Back Majority of Millennials from Homeownership Calculated Risk Blog BLS: CPI increased 0.3% in August, Core CPI increased 0.1% CNBC Treasury yields rise ahead of inflation data FHFA FHFA and Treasury Suspending Certain Portions of the 2021 Preferred Stock Purchase Agreements Calculated Risk Blog MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 3.08%"

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