New research by dv01, a loan data agent (LDA) providing securitization reporting and analytics on consumer unsecured, mortgage, small business, and student loans, says the pandemic has revealed serious weaknesses in the reporting structure for mortgages. The company found significant numbers of unreported loan modifications and says it was these types of reporting errors during the global financial crisis (GFC) which led to an increase in price volatility when those errors were later corrected. A new white paper says that, in stark contrast to the GFC, consumer loan performance across asset classes has remained relatively strong. Dv01 has released bi-weekly reports of both loan performance and the relief efforts by issuers and servicers to aid borrowers but has found significant irregularities

August 10, 2020 Download our Mobile App: Download our Mobile App: Housing News Pandemic Reveals Flaws in Loan Reporting New research by dv01, a loan data agent (LDA) providing securitization reporting and analytics on consumer unsecured, mortgage, small business, and student loans, says the pandemic has revealed serious weaknesses in the reporting structure for mortga... (read more) MBS Commentary MBS Live Recap: Treasuries Looking Nervous, But MBS Outperform Treasuries Looking Nervous, But MBS Outperform Treasury yields are attempting to move up and over the technical ceiling at .57-.58.  This could either signal a negative shift in momentum or merely trepid... (read more) Rob Chrisman FHA Jobs; Marketing, Cap. Mkts. Products; Webinars in the Comfort of your Home “Paranoia is out of control: This morning, while reviewing this commentary, I sneezed in front of my laptop and the anti-virus software started a scan of its own!” The nation continues to brabble about health care, coin shortages, opening... (read more) Mortgage Rate Watch Most Mortgage Rate Headlines Are Wrong Today There are quite a few more new stories than normal about mortgage rates today. Most of them are wrong. This one is not, and it's pretty easy to see why. Freddie Mac releases its weekly mortgage rate survey every Thursday morning. The survey accepts r... (read more) Housing News Homebuyer Sentiment Continues Previous Decline Fannie Mae's Home Purchase Sentiment Index (HPSI) faltered a bit in July as it tried to recover from its 29.5-point aggregate plunge in March and April. The index, derived from six questions on the National Housing Survey (NHS), decreased 2.3 points ... (read more) Housing News Another Wave of Forbearances is Probably On The Way There was a significant decline in the number of active COVID-19 related forbearance plans over the past week, but that decrease did not necessarily mean homeowners were emerging from financial difficulties. Black Knight said its weekly survey found ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% -0.01 0.00 15 Yr. Fixed 6.04% -0.03 0.00 30 Yr. FHA 6.39% -0.01 0.00 30 Yr. Jumbo 6.92% 0.00 0.00 7/6 SOFR ARM 6.27% -0.04 0.00 30 Yr. VA 6.40% -0.02 0.00 Updates Daily - Last Update: 7/18 15 Yr. Fixed Rate 6.04% -0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.82% +0.05 0.62 15 Yr. Fixed 6.11% +0.07 0.66 30 Yr. Jumbo 6.81% +0.12 0.39 Updates Weekly - Last Update: 7/16 MBS / Treasuries UMBS 30YR 5.5 99.24 +0.12 Price / Yield Change MBS UMBS 5.5 99.24 +0.12 UMBS 6.0 101.20 +0.08 GNMA 5.5 99.55 +0.27 GNMA 6.0 101.21 +0.24 Pricing as of: 7/18 6:43PM EST 10 Year US Treasury 4.4195 -0.0338 Price / Yield Change US Treasury 2 YR Treasury 3.870 -0.034 5 YR Treasury 3.946 -0.044 7 YR Treasury 4.172 -0.038 10 YR Treasury 4.420 -0.034 30 YR Treasury 4.984 -0.024 Pricing as of: 7/18 6:43PM EST Latest Video Google searches surge for mortgage refinancing and low mortgage rates Trump signs executive orders to extend pandemic relief Coronavirus stimulus deal falls apart—Here's what both sides are saying The U.S. economy added nearly 1.8 million jobs in July—Three experts break ... Around the Web CNBC Here's what happened to the stock market on Monday CNBC The Fed bought more blue-chip and junk bonds, and has started making Main Street loans Calculated Risk Blog Fannie and Freddie: REO inventory declined sharply in Q2, Down 35% Year-over-year CNBC Consumers are less confident about housing, but searches for these topics are soaring Calculated Risk Blog Seattle Real Estate in July: Sales up 10% YoY, Inventory down 15% YoY NAHB Eye on Housing Construction Hiring Continued in June NAHB Eye on Housing Nonrevolving Debt Fuels June Consumer Credit Calculated Risk Blog BLS: Job Openings increased to 5.9 Million in June CNBC Trump order gives 35 million student loan borrowers a break until 2021. What we know so far Calculated Risk Blog NMHC: Rent Payment Tracker Finds Decline in People Paying Rent in August CNBC Mnuchin is open to more coronavirus stimulus talks: 'We're prepared to put more money on the table' Redfin Bidding Wars Hold Steady in July, With Over Half of Redfin Offers Encountering Competition CNBC Small business confidence rebounds from all-time low, but Main Street still has a long way to go

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