There was a big jump in the incidence of mortgage fraud over the course of the last year. CoreLogic's annual report for the second quarter of 2021 reports that one in 120 mortgage applications (0.83 percent) submitted during that period showed indications of at least one of six types of fraud. This is up 37.2 percent from the prior 12-month period. Fraud was most prevalent in purchase mortgage applications, one occurrence in every 90 applications, and a 40 percent year-over-year increase. Fraud was indicated in one in every 169 refinance applications, up 19.4 percent on an annual basis. The company said that the increase in incidents, while appearing drastic, occurred against the second quarter of 2020 which was the lowest index point in the 11 years CoreLogic has collected the data. At that

November 1, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.25% -0.04%   6.11% 7.26% 15 Yr. Fixed 5.71% -0.01%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Nov 1, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.25% -0.04 0.00 15 Yr. Fixed 5.71% -0.01 0.00 30 Yr. FHA 5.99% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.64% -0.01 0.00 30 Yr. VA 6.01% 0.00 0.00 Updates Daily - Last Update: 9/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.28 -0.02   97.47 101.61 UMBS 30YR 6.0 102.44 -0.01   99.66 102.50 10 YR Treasury 4.042 +0.002   3.621 4.780 MBS Price Change UMBS 5.0 99.89 -0.02 UMBS 5.5 101.28 -0.02 UMBS 6.0 102.44 -0.01 GNMA 5.0 100.20 -0.04 GNMA 5.5 101.24 +0.02 GNMA 6.0 102.00 +0.02 Pricing as of: 9/15 11:17PM EST US Treasury Yield Change 2 YR Treasury 3.538 +0.001 5 YR Treasury 3.609 +0.009 7 YR Treasury 3.793 +0.001 10 YR Treasury 4.043 +0.002 30 YR Treasury 4.663 +0.002 Pricing as of: 9/15 11:17PM EST Other News Mortgage Fraud on the Rise, Purchase Applications Vulnerable Fri, Oct 29, 2021 11:33AM There was a big jump in the incidence of mortgage fraud over the course of the last year. CoreLogic's annual report for the second quarter of 2021 reports that one in 120 mortgage applications (0.83 percent) submitted during that period showed indications of at least one of six types of fraud. This is up 37.2 percent from the prior 12-month period. Fraud was... (read more) Millennial Homebuying Share Correlates with High-Tech Job Opportunities Fri, Oct 29, 2021 11:39AM The Millennial Generation, adults born between 1981 and 1996, were late bloomers when it came to buying a home. They came of age just in time to be clobbered by the Great Recession, have been burdened by high levels of student debt, were slow to form households, and once they did, watched home prices skyrocket. Still, as economist Archana Pradhan points out ... (read more) Processing, HELOC, MSR Products; Extensive Range of Training and Events for November Mon, Nov 1, 2021 11:14AM November already? A feast for giving thanks for the harvest began in 1621, and was celebrated intermittently by various colonies/states for the next 240 years. The first national Thanksgiving Day did not mention the Pilgrims by name, but was created in 1863 by President Abraham Lincoln coinciding with expressing gratitude for a pivotal Union Army victory at ... (read more) Latest Video The 2pm Bond Report - November 1, 2021 LoanDepot CEO says the biggest issue in housing market is lack of inventory October Markit manufacturing PMI comes in at 58.4 v. 59.2 estimate The 9am Bond Report - November 1, 2021 Around the Web Calculated Risk Blog The Rapid Increase in Rents Continues CNBC When your rent goes up 40%. As pandemic fades, many tenants see big hikes Reuters Manchin will not commit to backing $1.75 trillion spending bill Calculated Risk Blog Housing Inventory Nov 1st Update: Inventory Down 2.2% Week-over-week Calculated Risk Blog ISM Manufacturing index decreased to 60.8% in October CNBC Yellen tells Biden that Fed Chair Powell has done a 'good job' as renomination looms Calculated Risk Blog Construction Spending Decreased in September Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC Treasury yields start the week higher with Fed meeting in focus Calculated Risk Blog Fannie Mae: Mortgage Serious Delinquency Rate Decreased in September Calculated Risk Blog Early Q4 GDP Forecasts: Around 5% to 6% CNBC Bill Ackman calls for the Fed to start raising interest rates 'as soon as possible' Calculated Risk Blog Real Personal Income: Transfer Payments

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