Since the fourth quarter of 2016, lenders have increasingly reported to Fannie Mae that they have been loosening their home mortgage credit standards. The company's third quarter 2017 Mortgage Lender Sentiment Survey has those responses at a survey high. Fannie Mae attributes the apparent easing in part to increased competition. Across all loan types - GSE Eligible, Non-GSE Eligible, and Government - the net share of lenders who reported easing rather than tightening credit standards over the prior three months was up, ranging from a net of 12 percent for government loans to 25 percent for GSE eligible loans. Very few lenders said they were tightening standards - between 1 and 3 percent across loan types. When asked about their intentions for the next three months there were similar responses

September 25, 2017 Download our Mobile App: Download our Mobile App: Housing News Competition Lowers Credit Standards and Profit Expectations Since the fourth quarter of 2016, lenders have increasingly reported to Fannie Mae that they have been loosening their home mortgage credit standards. The company's third quarter 2017 Mortgage Lender Sentiment Survey has those responses at a survey h... (read more) Housing News Housing Market "Funk" Doesn't Reflect Consumer Attitudes Home sales might be a bit disappointing, but the National Association of Realtors® (NAR) says consumer attitudes about the economy are not the reason why . NAR's third quarter Housing Opportunities and Market Experience (HOME) survey found increa... (read more) Housing News Black Knight: Home Prices Appear to Have Stabilized After accelerating on a year-over-year basis through every previous month in 2017, the rate of home price appreciation appears to have stabilized in July , at least according to one of the major price indices. Black Knight Financial Services said on ... (read more) Rob Chrisman Training and Events; Freddie Mac's K-Deals; Top QC Issues Think you have problems? What if you owned a mall and your main tenant is Toys “R” Us? As in the Toys “R” Us that declared bankruptcy. You aint alone: about $5.5 billion in CMBS (commercial mortgage backed securities) are expo... (read more) MBS Commentary MBS Live Day Ahead: Bonds Ponder Reversal as Month-End Approaches The current week begins with bonds holding ground for a 3rd day after a fairly sharp selling spree in the preceding 2 weeks.  The big question is whether recent resilience marks a true shift away from that selling pressure or if it's merely a... (read more) Mortgage Rate Watch Mortgage Rate Resilience Continues Mortgage rates held their ground yet again , and are finally starting to look resilient after a relatively sharp move higher over the past 2 weeks. This was true even before mid-day headlines put additional downward pressure on rates. The headlines i... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% 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 99.91 -0.01 Price / Yield Change MBS UMBS 5.5 99.91 -0.01 UMBS 6.0 101.58 0.00 GNMA 5.5 100.07 +0.01 GNMA 6.0 101.43 +0.02 Pricing as of: 7/1 10:43PM EST 10 Year US Treasury 4.2446 +0.0054 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.004 5 YR Treasury 3.835 -0.004 7 YR Treasury 4.017 +0.005 10 YR Treasury 4.244 +0.005 30 YR Treasury 4.768 +0.001 Pricing as of: 7/1 10:43PM EST Latest Video North Korea accuses US of declaring war, says can take countermeasures I'd be 'truly stunned' if Trump considers Gary Cohn for Fed post: Axios rep... Financial conditions won't tighten materially if Fed takes it slow: Fidelit... Around the Web CNBC Economists at the Fed are worried about its ability to respond to future crises Reuters Fed policymakers clash on outlook for inflation CNBC The No. 1 mistake homebuyers make when trying to get a good deal Calculated Risk Blog Has The Fed Abandoned Its Reaction Function? Market Watch Fed's Evans won't support another rate hike until there are clear signs' of higher inflation NAHB Eye on Housing Homeowners' Equity Continues to Improve Calculated Risk Blog Dallas Fed: "Growth in Texas Manufacturing Activity Holds Steady" in September Fannie Mae As Market Pressures Mount, Lenders Continue to Ease ... Reuters Dudley sees Fed rate hikes; inflation weakness 'fading' Calculated Risk Blog Chicago Fed "Index points to slower economic growth in August" Reuters DR Horton cuts cash flow forecast 50 percent due to hurricanes Reuters Euro, bond yields drop as Germany's Merkel holds on NAR - Realtor.com Flip, Rent, or Hold: What's the Best Path to Real Estate Riches?

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