The motion calls upon the judge to rule quickly on an Administrative Procedures Act claim involving a bank’s right to reverse mortgage collateral.

The company has enough liquidity to support its short-term real estate finance lending business without the additional funds.

Interested participants will have until July 26 to submit responses through the enterprise’s contractor platform.

Trade groups were disappointed that the challenge posed by high home prices came up only twice as the current and former presidents faced off.

The plan from the Heritage Foundation, a group the first Trump administration was largely in line with, would shutter CFPB, break up HUD and raise FHA premiums.

Part of the proceeds will be used to pay down a credit facility, which is then being refinanced and the principal reduced.

May’s falling interest rates as well as ongoing wage growth helped improve home affordability across borrowing segments and racial groups, the Mortgage Bankers Association said.

KBRA says there is notable borrower equity in the properties collateralizing the mortgages, which is reflected in the weighted average original loan-to-value ratio of 71.7%.

Heather Lovier, a veteran at the company with over two decades of experience, will be in charge of overseeing the entire homeownership experience within the organization.

Back in The Range Without Needing Too Much Convincing

Unlike yesterday, the overnight session sent bonds into domestic hours at perfectly unchanged levels.  Almost all of the movement happened after the 8:30am econ data.  Connecting the data to the movement takes a bit of creativity and quite a bit of sorting.  We can immediately throw out the Q1 GDP data as being too stale to be relevant at this point.  That leaves Durable Goods (negative revision and big miss for nondefense, ex-air) and Continuing Jobless Claims as leading contenders.  Both may have contributed, but it’s hard to say which contributed more.  Either way, bonds rallied into the 10am hour and went sideways from there.

Econ Data / Events

Jobless Claims

233k vs 236k f’cast, 239k prev

Continued Claims

1839k vs 1820k f’cast, 1821k prev

Durable Goods

0.1 vs -0.1 f’cast
last month revised down to 0.2 from 0.7

Core Durables

-0.6 vs 0.1 f’cast, 0.3 prev

Final Core PCE Prices Q1 (ancient history)

3.7 vs 3.6 f’cast

Final GDP

1.4 vs 1.4 f’cast/prev

Corp Profits

-2.7 vs -1.7 f’cast

Market Movement Recap

08:43 AM Slightly stronger after AM data.  10yr down 3bps at 4.299.  MBS up an eighth.

01:05 PM Little changed after the 7yr auction.  MBS up 5 ticks (.16) and 10yr down 5bps at 4.279

04:16 PM MBS near strongest levels, up 7 ticks (.22).  10yr yields trading just under 4.29.