Category: Announcements

• May 7, 2023
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• realestatelife

The Federal Housing Finance Agency (FHFA) has updated Loan Level Price Adjustments (LLPAs), which are risk assessment fees implemented in the underwriting process before loans are packaged and delivered to Fannie Mae and Freddie Mac. These government Enterprises guarantee most mortgages in the United States, and the changes (announced in January) went into effect May

• March 10, 2023
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• realestatelife

The Department of Housing and Urban Development cut the Federal Housing Administration’s mortgage insurance premium by 30 basis points, a move that many stakeholders think is long overdue. The cut drops premiums from 85 basis points to 55 basis points — reverting premiums to a level not seen since before the 2008 housing crisis. This

• February 3, 2023
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• realestatelife

U.S. hiring roared back to life in January as the labor market remained surprisingly resilient in the face of higher interest rates, scorching-hot inflation and mounting recession fears. Employers added 517,000 jobs in January, the Labor Department said in its monthly payroll report released Friday, easily topping the 185,000 jobs forecast by Refinitiv economists. It

• February 1, 2023
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• realestatelife

The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter of a point, further slowing its aggressive campaign to cool the economy amid growing evidence that stubbornly high inflation is finally starting to ease.  The widely expected move puts the key benchmark federal funds rate at a range of 4.5% to 4.75%,

• January 17, 2023
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• realestatelife

The U.S. House of Representatives is bracing for a bitter struggle over the federal debt ceiling. While the issue is usually one of political theater that tends to be resolved before the country shoots itself in the foot with a voluntary default, things may turn out a little differently this time. Toughness on spending plans

• January 6, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is up +75 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Its Big Jobs Friday! You can read the official BLS release here. Jobs: December Non Farm Payrolls (NFP) added 223K vs. est. of 200K November NFP was revised lower from

• January 6, 2023
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• realestatelife

US job growth cools slightly in December to the lowest pace in two years, but the labor market remained resilient in the face of higher interest rates, scorching-hot inflation and mounting recession fears. Employers added 223,000 jobs in December, the Labor Department said in its monthly payroll report released Friday, topping the 200,000 jobs forecast by Refinitiv

• January 10, 2023
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• realestatelife

Section 203 of the Protecting Americans from Tax Hikes (PATH) Act of 2015, Pub.L.114-113, div. Q, enacted on December 18, 2015, modified section 6109 of the Internal Revenue Code, and in so doing, made significant changes to the Individual Taxpayer Identification Number (ITIN) program. Q1: When can I renew my ITIN? A1: If your ITIN has

• January 5, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is down -18 BPS with 60 minutes left to trade. Domestic Flavor: Jobs, Jobs, Jobs: December Challenger Job Cuts dropped significantly from 77K down to 44K. The December ADP Employment Change was much stronger than expected, 235K vs. est. of 150K and a

• January 5, 2023
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• realestatelife

Hiring by U.S. companies picked up steam in December, a sign the jobs market remains healthy even in the face of steep Federal Reserve interest rate hikes, according to the ADP National Employment Report released Thursday morning. Companies added 235,000 jobs last month, easily beating the 150,000 gain that economists surveyed by Refinitiv had predicted.