With mortgage volumes expected to decline, more lenders are telling Fannie Mae that they intend to loosen their credit standards. The company's second quarter 2017 Mortgage Lender Sentiment Survey found that, on net, the share of lenders reporting they have eased mortgage credit standards over the previous three months has continued the gradual uptick which started in the fourth quarter of last year. Additionally, when anticipating the next three months, the net share of lenders saying they plan to ease credit standards for GSE eligible, non-GSE eligible, and government loans reached or surpassed survey highs. "Expectations to ease credit standards climbed to survey highpoints in the second quarter as more lenders reported slowing mortgage demand and increasing concerns about competition from

August 23, 2017 Download our Mobile App: Download our Mobile App: Housing News Competition, Declining Demand, Driving Credit Easing With mortgage volumes expected to decline, more lenders are telling Fannie Mae that they intend to loosen their credit standards. The company's second quarter 2017 Mortgage Lender Sentiment Survey found that, on net, the share of lenders reporting th... (read more) Housing News Worst Annual Pace in 3 Years For New Home Sales New home sales in July were expected to remain steady after scoring a slight gain in June, instead they plunged to a rate even lower than those a year earlier. Three of the four geographic regions shared in the decline, Sales of newly constructed hom... (read more) Housing News Refinance Applications Continue Outperforming Purchases The volume of refinancing applications, shored up by interest rates that remained at seven- and eight- month lows, rose for the fifth time in the last six weeks . However, during the week ended August 18, the gain was a marginal one, not enough to ke... (read more) MBS Commentary MBS Live Day Ahead: Bonds Trying to Turn Recent Floor Into a Ceiling Coincidentally, yesterday's Day Ahead talked about "pivot points."  Now today, we see a prime example of a pivot point in action.  Although I labeled it as 2.215% yesterday, let's simplify the conversation by using 2.22% today.   ... (read more) Rob Chrisman LO Training Product; Upcoming Events; Vendors Partnering Up Trends? A few weeks ago, Ally offered to beat any other lender’s price. And last week 360 Mortgage Group announced a new platform that will allow customers to receive approval for a loan in just 15 minutes and cuts down the closing process to a... (read more) MBS Commentary MBS Live Recap: With Nothing Better to Follow, Bonds Took Cues From Stocks I'm not shy about dismissing the conventional wisdom of bond yields and stock prices following each other.  We're talking about some iteration of the quintessential quip: "buy stocks, sell bonds," or vice versa.  Over the shorter time hor... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 100.07 +0.26 Price / Yield Change MBS UMBS 5.5 100.07 +0.26 UMBS 6.0 101.68 +0.17 GNMA 5.5 100.19 +0.19 GNMA 6.0 101.50 +0.14 Pricing as of: 6/30 6:46PM EST 10 Year US Treasury 4.2246 -0.0567 Price / Yield Change US Treasury 2 YR Treasury 3.715 -0.035 5 YR Treasury 3.804 -0.031 7 YR Treasury 3.990 -0.045 10 YR Treasury 4.225 -0.057 30 YR Treasury 4.776 -0.055 Pricing as of: 6/30 6:46PM EST Latest Video Mortgage interest deduction would affect small amount of taxpayers: Yale Un... Market jumped on tax reform but dropped on gov't shutdown New home sales down 9.4% Around the Web CNBC Dow drops nearly 90 points after Trump threatens government shutdown Market Watch Dow logs longest streak without a gain of at least 1% in 10 1/2 years CNBC Robert Shiller: Changes to popular deduction wouldn't have big effect on housing market Calculated Risk Blog A few Comments on July New Home Sales Bloomberg Lowe's Trails Home Depot in Remodeling Boom consumerfinancemonitor.com FFIEC issues new HMDA resubmission guidelines CNBC Deciding what to do with an inherited house: Live in it, rent it or sell it Calculated Risk Blog AIA: Architecture Billings Index "growth moderates" in July Market Watch Home-builders ETF down after new-home sales data CNBC New home sales plunge 9.4% in July, falling to 7-month low NAHB Eye on Housing Is the Multifamily Built-for-Rent Market Share Falling? Bloomberg Brexit Bulletin: A Wiggly Red Line Reuters Lowe's second-quarter profit jumps 21.6 percent

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