Tuesday, December 22, 2009

FHA Delays Implementation of HVCC Standards

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I just received an update from the FHA that I believe will spread some holiday cheer. Mr. Jerrold H. Mayer writes re: Delayed Implementation Date for New... - MND NewsWire
In last month's report, existing-home sales surged 10.1 percent to an annual rate of 6.10 million units in October from a downwardly revised pace of... - MND NewsWire
Mortgage rates continued to rise yesterday as benchmark Treasury yields moved higher and prices of mortgage backed securities fell. MBS opened the day... - Mortgage Rate Watch
jeffer90576
MBS Quotes
FNMA 4.0 96-30 -0-20
FNMA 4.5 99-30 -0-20
FNMA 5.0 102-30 -0-12
FNMA 5.5 104-31 -0-09
FNMA 6.0 106-07 -0-09
Updated: 12/22/09 4:35 PM
Treasuries
3 MO 0.0800 0.0300
2 YR 0.8900 0.0700
5 YR 2.4300 0.1300
10 YR 3.6900 0.1400
30 YR 4.5600 0.1000
Updated: 12/21/09 4:01 PM
Mortgage Rates
30 Yr FRM 4.98 0.02
15 Yr FRM 4.21 0.01
FHA 30 Year 5.22 0.03
Jumbo 30 Year 6.16 0.04
5/1 Yr ARM 4.08 0.03
Updated: 12/22/09 4:23 PM
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Banking Outlook 2010
12/22/2009
Jim Reichbach, of Deloitte, and Moshe Orenbuch, of Credit Suisse, share their 2010 outlooks for the banking sector.
RBS Securities' O'Donnell Discusses U.S. Bond Market: Video
12/22/2009
Dec. 22 (Bloomberg) -- William O'Donnell, U.S. government bond strategist at RBS Securities Inc., talks with Bloomberg's Lori Rothman about bond investors'...
Obama Meets With Community Bank CEOs
12/22/2009
There are enormous opportunities for banks to hie and lend, President Obama said in a meeting with regional bank CEOs.

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Recent Comments
Frank Ceizyk
on 12/22/2009 - read this comment
Adam--well said--amazing insight as usual: I just wonder if you should add a few details to the "job, jobs, jobs" mantra--because in this lending environment the "herd of unemployed citizens...
Marty Sonke
on 12/22/2009 - read this comment
I'll tell you what drives me nuts is watching CNBC. If you agree with the viewpoint of the hosts (mostly bullish) of the show, you get more talking time. If you are bearish and have a different viewpoint...
Adam Quinones
on 12/21/2009 - read this comment
I hear the Fed is making the rounds amongst dealer desks as we speak...likely to balance out flows here soon.
Marty Sonke
on 12/21/2009 - read this comment
Adam: Is the FED buying at all this week or have they taken the week off as well?

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