| Last | Change | Percent | |
| S&P Futures | 2069.8 | 17.7 | 0.86% |
| Eurostoxx Index | 3187.7 | 85.5 | 2.76% |
| Oil (WTI) | 76.83 | 1.0 | 1.29% |
| LIBOR | 0.231 | -0.001 | -0.32% |
| US Dollar Index (DXY) | 88.19 | 0.602 | 0.69% |
| 10 Year Govt Bond Yield | 2.33% | 0.00% | |
| Current Coupon Ginnie Mae TBA | 104.3 | 0.0 | |
| Current Coupon Fannie Mae TBA | 103.5 | 0.0 | |
| BankRate 30 Year Fixed Rate Mortgage | 4 |
Markets are higher this morning after China cut interest rates. Bonds and MBS are flat.
Delinquencies dropped again to 5.44% of all loans, according to Black Knight Financial Services. They are still elevated, but have quite a bit from their high of around 10%. Prior to the the bust, a typical delinquency number was about 4.5%.
Foreclosure starts declined 10% in October, and are down 31% year-over-year. Foreclosure inventory is down 33% YOY and is at the lowest level since February 2008.
The CFPB is coming down on lenders who ask too many questions about disability income in the verification process.
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