American homeowners, even some of those most affected by the pandemic, seems to be edging back from anything resembling the foreclosure avalanche of 2007 to 2010. Black Knight, in its "first look" at April data, shows loan performance improving quickly, while in a second release, the company's weekly report on forbearance plans, we see that some of the improvement continues in fits and starts. Forbearances rose during the week ended May 18, only the second increase in the last 12 weeks. The number of active plans grew by 16,000, driven by an increase in the number of former plan participants reentering the program . Black Knight said such reentries are common mid-month, especially given the recent large volume of plan removals. The number of GSE loans in forbearance dipped by 1,000 loans, about

May 21, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman Servicing, Corresp., MLO Jobs; Servicing Risk, HELOC, MI, eClosing Products; Investor Disaster News Should we start the finish of the normal workweek with some non-mortgage stuff? There are green monkeys living near a Florida airport who are connected to 1948 zoo escape. (Reminds me of the parrots in San Francisco, Pablo Escobar’s hippos runn... (read more) Housing News Forbearances Rise Slightly as Borrowers Re-enter Plans American homeowners, even some of those most affected by the pandemic, seems to be edging back from anything resembling the foreclosure avalanche of 2007 to 2010. Black Knight, in its "first look" at April data, shows loan performance improving quick... (read more) Housing News Housing Outlook Facing More Uncertainty Fannie Mae upwardly revised its GDP forecast for the year from 6.8 percent to 7.0 percent in its May report on economic development. The company's economists say first quarter growth was stronger than expected and the outlook for near-term consumer s... (read more) Mortgage Rates Mortgage Rates Move Slightly Lower 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 MBS Live Recap: Stronger Data Proves No Match For The Sideways Grind UMBS 30YR 5.5 100.02 +0.21 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 6:20PM EST 10 Year US Treasury 4.2290 -0.0523 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 6:20PM EST Latest Video What the bond market is signaling right now Realogy CEO on real estate frenzy: 'Consumer demand is sky high' Existing home sales drop 2.7%, missing expectations Markit manufacturing PMI comes in at 61.5 for May, hitting a post-Covid hig... Around the Web Calculated Risk Blog Homebuilder Comments in Mid-May: "Reducing Sales, Limiting Sales" Calculated Risk Blog BLS: April Unemployment rates down in 12 States Reuters U.S. manufacturing accelerates; tight supply pushes home sales to 10-month low Calculated Risk Blog Q2 GDP Forecasts: Around 10% Reuters U.S. existing home sales extend decline; house prices race to record high CNBC Most homeowners have exited mortgage forbearance programsbut those who are left are the most vulnerable Redfin Housing Market Update: Half of Homes Are Now Selling Above List Price CNBC Treasury yields drift lower with focus on economic data fxstreet.com Fed's Bostic: Worried about inflation getting entrenched fxstreet.com Fed's Barkin: We'll taper when we get to substantial further progress Reuters Fed's Harker says important to talk about tapering sooner rather than later Calculated Risk Blog Quarterly Starts by Purpose and Design Calculated Risk Blog Phoenix Real Estate in April: Sales Up 37% YoY, Active Inventory Down 67% YoY

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