There was, as expected, a huge improvement in the number of forbearance plans during the week ended July 6. Black Knight reports that the number of homeowners in plans dropped by 189,000. This brought the total to 1.86 million, 3.5 percent of all active mortgages. This is the first time the total has dropped below 2 million since April 2020. The decline came following quarterly servicer reviews of the large volume of borrowers who entered the program at the start of the pandemic. Those early entries have reached their 15 th month of forbearance protection and, unless the program is extended, will reach final expiration in three months. At the same time, new entries and program reentries hit a new low, a total of fewer than 26,000. Black Knight says that of the 325,000 plans that were reviewed

July 12, 2021 Download our Mobile App: Download our Mobile App: Housing News Forbearances See Largest Improvement to Date There was, as expected, a huge improvement in the number of forbearance plans during the week ended July 6. Black Knight reports that the number of homeowners in plans dropped by 189,000. This brought the total to 1.86 million, 3.5 percent of all act... (read more) Rob Chrisman AE, MLO, Ops Jobs; Retention, Credit, Underwriting, Subservicing Products; Training and Events I head to San Diego today for the CAMP event as the industry continues to change back to in-person events. There is always change. (How’s that for an understatement to begin your workweek?) We have new Wimbledon champions, a new European soccer... (read more) Housing News Attitudes About Buying and Selling Continue to Diverge Fannie Mae said "Consumers are increasingly adamant that it's a good time to sell, bad time to buy a home" as it released its June Home Purchase Sentiment Index (HPSI). The index, based on the company's monthly National Housing Survey, shows a growin... (read more) Mortgage Rates Rates Higher Today, Lower This Week. What's Next? 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries MBS Live Recap: Still on a Fence as Bonds Work Through Early-Week Risks UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/5 8:22PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/5 8:22PM EST Latest Video Treasury sells $38 billion in 10-year notes New York Fed survey reports highest one-month increase in inflation expecta... The 9am Bond Report - July 12, 2021 The 3pm Bond Report - July 09, 2021 Around the Web Calculated Risk Blog Boston Real Estate in June: Sales Up 77% YoY, Inventory Down 19% YoY Calculated Risk Blog Housing Inventory July 12th Update: Inventory Unchanged Week-over-week, Up 22% from Low in early April Calculated Risk Blog Seven High Frequency Indicators for the Economy Reuters Yellen urges EU to back global tax deal, keep fiscal support CNBC Treasury yields start the week lower, 10-year Treasury around 1.34% Reuters Marketmind: Real world data bites Reuters ECB to change policy guidance at next meeting, Lagarde says National Associattion of Realtors Housing Affordability Falls in May as Home Prices Rise Faster than Income Reuters Treasury yields rise, U.S. stocks hit new highs; dollar weakens Calculated Risk Blog Q2 GDP Forecasts: Around 9% Fannie Mae Fed Remains Patient on Tapering Timeline as Labor Market Tightness Persists Calculated Risk Blog Hotels: Occupancy Rate Down Slightly Compared to Same Week in 2019 Calculated Risk Blog Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Decreased Sharply

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