Blackstone Group has disclosed that it has secured Fannie Mae's backing for a mortgage backed by some of the single-family homes it purchased, principally from bank-owned real estate inventories (REO), during the housing crisis. According to the Urban Institute (UI), which produced a Note on the transaction, the loan "marks the first time a government-sponsored enterprise (GSE) has facilitated financing for a large institutional operator of SFR (single-family rental) properties." Blackstone, a private equity company, operates Invitation Homes (IH), the largest single family rental operator in the U.S. which purchased an estimated 48,000 single-family homes across the country. However, UI was not alone. Frank Nothaft, Senior Economist at CoreLogic estimated recently that, of the approximately

February 3, 2017 Download our Mobile App: Download our Mobile App: Housing News Thoughts on Fannie Turning Rentals Into MBS Blackstone Group has disclosed that it has secured Fannie Mae's backing for a mortgage backed by some of the single-family homes it purchased, principally from bank-owned real estate inventories (REO), during the housing crisis. According to the Urba... (read more) Rob Chrisman Private Mortgage Insurance Company Changes and News; Vendor Updates Residential lenders are paying raptly following the news that President Donald Trump intends to roll back much of the 2010 Dodd-Frank financial regulations through an executive order today at noon ET, and work toward rescinding the Department of Labo... (read more) Mortgage Rate Watch Mortgage Rates Edge Lower Ahead of Jobs Report Mortgage rates fell modestly today, but not enough to make it back to the lows seen earlier this week. 4.25% is still the most prevalent 30yr fixed rate on top tier scenarios, meaning day-to-day movement has been limited to upfront costs (sometimes r... (read more) MBS Commentary MBS Live Day Ahead: NFP to Set Tone; ISM Data Matters Too Given that this week's ADP employment numbers and the employment component of the ISM Manufacturing numbers both came in much stronger than expected, it's somewhat puzzling that we haven't seen an upward revision for today's NFP release.  Typi... (read more) Rob Chrisman Good News for Lenders in RFC Case; Bank M&A Continues - SoFi to Purchase Zenbanx Supply and demand (“the invisible hand”) are the driver of many things in life, as are perceived shortages. So it was with great concern that Chris C. and Joe W. sent this breaking news from Kansas City about… the bacon reserve hit... (read more) MBS Commentary MBS Live Recap: Bonds Lose Morning Gains; MBS Outperform Today ended up being exceptionally quiet for bond markets in the bigger picture, although that wasn't clearly going to be the case earlier this morning.  By 8:50am, yields were at their lowest levels in more than a week as investors were ... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.93 -0.07 Price / Yield Change MBS UMBS 5.5 98.93 -0.07 UMBS 6.0 100.56 -0.06 GNMA 5.5 99.57 -0.10 GNMA 6.0 100.71 -0.11 Pricing as of: 11/14 6:12PM EST 10 Year US Treasury 4.4388 -0.0252 Price / Yield Change US Treasury 2 YR Treasury 4.350 +0.077 5 YR Treasury 4.326 +0.026 7 YR Treasury 4.387 +0.015 10 YR Treasury 4.439 -0.025 30 YR Treasury 4.584 -0.050 Pricing as of: 11/14 6:12PM EST Latest Video The search to find skilled construction workers Flipping is back Jobs report leads market to price out rate hike Around the Web Market Watch Fed's Williams says central bank should not be 'too timid' about raising interest rates Bloomberg Bill Gross Says We're Stuck in a 2% Real GDP Environment The Atlantic Trump Begins to Chip Away at Banking Regulations Bloomberg Slowdown in Wage Gains Muddies Picture of Tight US Job Market Reuters White House says will work with Congress to fix Dodd-Frank law Bloomberg Wall Street Faces Fed Stress Tests Assuming Big Global Recession Market Watch The Fed: Fed's Evans wants interest rate hikes at a slow' pace CNBC ISM non-manufacturing index hits 56.5 vs estimate of 57 CNBC Op-Ed: Here's the real "bummer" in the jobs report CNBC January solid for jobs but unemployment rate higher CNBC US CEOs to meet with Trump amid tension over his policies CFPB Monitor D.C. Circuit denies motions to intervene in PHH case Redfin Redfin Touts Home Price Estimate Accuracy

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