Monday, December 14, 2009

MBA Expects Higher Rates and Less Originations

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Home Today's Headlines ATW Forums Q&A Mortgage Rates  
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The most important factor driving recent declines in real estate market activity and increases in delinquencies and foreclosures has been the ongoing job... - MND NewsWire
Our focus on Loss Mitigation is the process mortgage bankers have developed to manage issues such as early payment defaults (EPDs), repurchase requests... - Community Commentary
DU 8.0 Implemented; Citi & TARP payback; Fed Funds and Mortgage Rates; House Passes FIASCO - Pipeline Press
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MBS Quotes
FNMA 4.0 98-07 -0-07
FNMA 4.5 101-04 -0-03
FNMA 5.0 103-24 -0-04
FNMA 5.5 105-21 -0-02
FNMA 6.0 106-23 -0-02
Updated: 12/14/09 4:46 PM
Treasuries
3 MO 0.0203 -0.0097
2 YR 0.8467 0.0167
5 YR 2.2891 0.0291
10 YR 3.5499 -0.0001
30 YR 4.4816 -0.0084
Updated: 12/14/09 4:55 PM
Mortgage Rates
30 Yr FRM 4.91 -0.02
15 Yr FRM 4.19 -0.03
FHA 30 Year 5.15 -0.01
Jumbo 30 Year 6.10 -0.01
5/1 Yr ARM 4.02 -0.04
Updated: 12/14/09 1:16 PM
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President Obama meeting with Bank CEOs today, with CNBC's John Harwood.
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Dec. 14 (Bloomberg) -- Jim Carr, chief operating officer at the National Community Reinvestment Coalition, talks with Bloomberg's Betty Liu and Peter...

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Recent Comments
Adam Quinones
on 12/14/2009 - read this comment
no extension, just whispers of it. Mike...the outlook in MBS OPEN is a function of a bond bubble, more specifically the budget deficit and inflationary fears. Notice I said fears. At this point "expected...
Rich Chip
on 12/14/2009 - read this comment
Haven't see much talk about YSP going away on this site...what's the over under on that happening and AQ/MG, any idea of what that would look like how would that impact your words. Thoughts?
Michael Cromwell
on 12/14/2009 - read this comment
Do you guys have any opinion on some of this talk in regards to bonds being the next bubble?
cstar
on 12/14/2009 - read this comment
Did the Fed MBS purchase program get extended? Thanks

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