There was a big jump in the incidence of mortgage fraud over the course of the last year. CoreLogic's annual report for the second quarter of 2021 reports that one in 120 mortgage applications (0.83 percent) submitted during that period showed indications of at least one of six types of fraud. This is up 37.2 percent from the prior 12-month period. Fraud was most prevalent in purchase mortgage applications, one occurrence in every 90 applications, and a 40 percent year-over-year increase. Fraud was indicated in one in every 169 refinance applications, up 19.4 percent on an annual basis. The company said that the increase in incidents, while appearing drastic, occurred against the second quarter of 2020 which was the lowest index point in the 11 years CoreLogic has collected the data. At that

November 1, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman Processing, HELOC, MSR Products; Extensive Range of Training and Events for November November already? A feast for giving thanks for the harvest began in 1621, and was celebrated intermittently by various colonies/states for the next 240 years. The first national Thanksgiving Day did not mention the Pilgrims by name, but was created ... (read more) Housing News Mortgage Fraud on the Rise, Purchase Applications Vulnerable There was a big jump in the incidence of mortgage fraud over the course of the last year. CoreLogic's annual report for the second quarter of 2021 reports that one in 120 mortgage applications (0.83 percent) submitted during that period showed indica... (read more) Housing News Millennial Homebuying Share Correlates with High-Tech Job Opportunities The Millennial Generation, adults born between 1981 and 1996, were late bloomers when it came to buying a home. They came of age just in time to be clobbered by the Great Recession, have been burdened by high levels of student debt, were slow to form... (read more) Mortgage Rates Mortgage Rates Catch Up To Last Week's Market Movement (That's a Good Thing) 30 Yr. Fixed Rate 6.92% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.92% 0.00 0.00 15 Yr. Fixed 6.26% -0.01 0.00 30 Yr. FHA 6.33% +0.06 0.00 30 Yr. Jumbo 7.04% +0.01 0.00 7/6 SOFR ARM 6.57% -0.01 0.00 30 Yr. VA 6.35% +0.09 0.00 Updates Daily - Last Update: 5/13 15 Yr. Fixed Rate 6.26% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.76% 0.00 0.00 15 Yr. Fixed 5.89% -0.03 0.00 Updates Weekly - Last Update: 5/8 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% -0.05 0.68 15 Yr. Fixed 6.17% 0.00 0.65 30 Yr. Jumbo 6.86% -0.02 0.46 Updates Weekly - Last Update: 5/7 MBS / Treasuries MBS Live Recap: Bonds Battle Back After Slightly Weaker Start UMBS 30YR 5.5 98.71 -0.04 Price / Yield Change MBS UMBS 5.5 98.68 -0.07 UMBS 6.0 100.71 -0.01 GNMA 5.5 99.12 -0.16 GNMA 6.0 100.75 +0.05 Pricing as of: 5/13 1:18PM EST 10 Year US Treasury 4.4966 +0.0267 Price / Yield Change US Treasury 2 YR Treasury 4.014 +0.014 5 YR Treasury 4.115 +0.002 7 YR Treasury 4.297 -0.009 10 YR Treasury 4.494 +0.024 30 YR Treasury 4.940 +0.024 Pricing as of: 5/13 1:18PM EST Latest Video The 2pm Bond Report - November 1, 2021 LoanDepot CEO says the biggest issue in housing market is lack of inventory October Markit manufacturing PMI comes in at 58.4 v. 59.2 estimate The 9am Bond Report - November 1, 2021 Around the Web Calculated Risk Blog The Rapid Increase in Rents Continues CNBC When your rent goes up 40%. As pandemic fades, many tenants see big hikes Reuters Manchin will not commit to backing $1.75 trillion spending bill Calculated Risk Blog Housing Inventory Nov 1st Update: Inventory Down 2.2% Week-over-week Calculated Risk Blog ISM Manufacturing index decreased to 60.8% in October CNBC Yellen tells Biden that Fed Chair Powell has done a 'good job' as renomination looms Calculated Risk Blog Construction Spending Decreased in September Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC Treasury yields start the week higher with Fed meeting in focus Calculated Risk Blog Fannie Mae: Mortgage Serious Delinquency Rate Decreased in September Calculated Risk Blog Early Q4 GDP Forecasts: Around 5% to 6% CNBC Bill Ackman calls for the Fed to start raising interest rates 'as soon as possible' Calculated Risk Blog Real Personal Income: Transfer Payments

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