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VA loan fee hike proposal advances in Congress, drawing industry pushback

Legislation moving through Congress would increase fees on U.S. Department of Veterans Affairs (VA) loans, creating a new flashpoint for the mortgage industry. H.R. 6047, which would expand benefits for severely disabled veterans and survivors, would offset its costs by raising fees. The fee for the
Early Gains. Flat Afternoon. MBS Underperform

Early Gains. Flat Afternoon. MBS Underperform Friday ended up offering a boring conclusion to a week that had at least some measure of excitement on Wednesday. Bonds started a hair stronger, lost ground modestly and then rallied to the day's best levels by noon. From there, 10yr yields went perfectl
Delinquencies rose in May, but don't panic, ICE says

The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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