Thursday, November 12, 2009

FHA Reserves At All Time Low; JPM Chase Hiring Originators

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/118809.aspx

You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


Home Today's Headlines ATW Forums Q&A Mortgage Rates  
Top Stories      
The annual independent audit report of FHA capital reserves published today shows that, while the reserve ratio has dropped below the level mandated by... - MND NewsWire

JP Morgan Chase Hiring Originators; YSP, RESPA, DU 8.0 Chatter; news from Flagstar and PennyMac - Pipeline Press
jeffer90576
MBS Quotes
FNMA 4.0 98-30 0-12
FNMA 4.5 101-14 0-10
FNMA 5.0 104-00 0-09
FNMA 5.5 105-19 0-13
FNMA 6.0 106-12 0-07
Updated: 11/12/09 4:29 PM
Treasuries
3 MO 0.0507 -0.0051
2 YR 0.8071 -0.0160
5 YR 2.2545 -0.0334
10 YR 3.4438 -0.0393
30 YR 4.3909 -0.0215
Updated: 11/12/09 5:15 PM
Mortgage Rates
30 Yr FRM 4.97 -0.01
15 Yr FRM 4.41 -0.03
FHA 30 Year 5.09 -0.03
Jumbo 30 Year 5.95 -0.01
5/1 Yr ARM 3.91 -0.03
Updated: 11/12/09 5:00 PM
Latest Video      
View:All Videos
The View From Barclays
11/12/2009
Insight on the markets, employment and housing, with Larry Kantor, Barclays Capital head of global research; Michelle Meyer, Barclays Capital sr. U.S....
Chase Plans to Hire 1200 Workers
11/12/2009
As the housing market begins to show signs of stabilizing, several banks are hiring more employees. They want to be ready when future homeowners come knocking...
Realty Check: FHA Outlook
11/12/2009
The FHA's cash reserves dropped down to .53 percent, with CNBCs' Diana Olick.

Advertise With Mortgage News Daily
JOIN THE CONVERSATION
Recent Comments
Adam Quinones
on 11/12/2009 - read this comment
Frank. We dont expect prepay speeds to pick up enough to warrant an exit from UIC positions. It is too easy to find seasoned pools in this market (FED?). These seasoned pools serve as prepay protection...
Frank Ceizyk
on 11/12/2009 - read this comment
Adam/Matt-Adam's article in Newswire shows refi applications picking up steam, and an L.O. emailed me an article saying Wells is hiring like crazy anticipating "tidal wave" of loan modifications...
Joe Borek
on 11/12/2009 - read this comment
MG, Why is there always a knee jerk reaction like this? Seems like we expected weak demand from this 30 yr auction, and got it. FNMA 4.50 falls about 8-10 ticks and then goes right back to where we started...
Tim Rood
on 11/10/2009 - read this comment
"Required" is the wrong term for Fannie and Freddie shares, but the shares were treated the same as Treasury's (though a higher relative yield) for capital ratio and tangible equity calculations...

Mortgage News Daily


You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/118809.aspx