Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Memetrics
novahockey
quarterback
ScottC
yellojktVital Statistics:
| Last | Change | |
| S&P futures | 4,388 | 8.2 |
| Oil (WTI) | 70.24 | -1.15 |
| 10 year government bond yield | 1.17% | |
| 30 year fixed rate mortgage | 2.96% |
Stocks are higher this morning on no real news. Bonds and MBS are up small.
Home prices rose 17.2% in June, according to CoreLogic. This is the highest annual growth rate since 1979. While the lockdowns of a year ago are almost certainly exaggerating the increase, some of the Western states are experiencing eye-popping gains. Idaho, 34%. Arizona 26%. Montana 24%. CoreLogic expects home prices to level out from here, but with the current supply / demand situation that seems unlikely.
The number of loans in forbearance fell from 3.48% to 3.47% last week, according to the MBA. “Forbearance exits remained low, and there was another increase in new forbearance requests, particularly for Ginnie Mae and portfolio and PLS loans. The net result was another slight decline in the share of loans in forbearance,” said MBA Senior Vice President and Chief Economist Mike Fratantoni.
About 65% of forbearance plans are slated to expire this year, according to Black Knight. “As a result, 65% of active plans – representing approximately 1.2 million homeowners – are now set to expire over the rest of 2021, including nearly 80% of all FHA and VA loans in forbearance. Nearly three quarters of a million plans would expire in September and October alone. Over the course of just two months this fall, the nation’s mortgage servicers would have to process up to approximately 18,000 expiring plans per business day, guiding borrowers through complex loss mitigation waterfalls directed by changing regulatory requirements. The operational challenge this represents is staggering, even before noting the oversized share of FHA and VA loans. Given the heightened challenges those borrowers may face in returning to making mortgage payments as compared to those in GSE loans, effective loss mitigation efforts and automated processes become even more critically important.”
Filed under: Economy, Morning Report |
All Things in Moderation 
“Vere are your paypahs?”
https://www.dailywire.com/news/nyc-mayor-announces-city-will-require-proof-of-covid-19-vaccination-to-enter-indoor-restaurants-work-out-inside-gyms
Who could possibly have predicted this eventuality? Perhaps the unvaccinated should be required to wear an outward visible sign, so they can be recognized and avoided at a distance in open, public places. A big yellow star would do the trick, don’t you think?
BTW, the least vaccinated racial/ethnic demographic in the US is blacks. If requiring an ID to vote is racist, this policy is racism on steroids. The vast majority of blacks in the US are no longer allowed to eat in a restaurant in DeBlasio’s NYC.
But remember….Trump is the fascist, so keep voting for Democrats!
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Looks like the mayor of Boston agrees with you:
“Boston mayor compares NYC’s vaccine mandate to slavery, birtherism
By Joshua Rhett Miller
August 4, 2021”
https://nypost.com/2021/08/04/boston-mayor-compares-nycs-vaccine-mandate-to-slavery/
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jnc:
Looks like the mayor of Boston agrees with you:
Yes indeed. I saw that last night and texted it to my kids (one of them lives in Boston), with the comment “Mark this date on you calendar: I agree with the Boston Mayor!”
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the CDC will just order 100% mail-in voting.
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Was there any equivalently brazen and open disregard for the Constitution during the Trump era?
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His very occupation of the position was unconstitutional because The Resistance said so. They wouldn’t have said so if it wasn’t true.
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The logic is self evident to everyone:
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