Tuesday, December 8, 2009

Treasury Moves to Improve the Loan Modification Process

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Home Today's Headlines ATW Forums Q&A Mortgage Rates  
Top Stories      
In written remarks to the House Financial Services Committee, Assistant Treasury Secretary Herbert Allison expressed disappointment in the progress of... - MND NewsWire
Heading into 5pm "going out" marks, trading flows in the agency MBS market are few and far between. The FN 4.0 is+0-04 at 99-09 yielding 4.099... - MBS Commentary
One of the studies we perform for mortgage bankers is a review of the capital markets area. We review various policies and procedures, controls, hedging... - Community Commentary
jeffer90576
MBS Quotes
FNMA 4.0 99-10 0-05
FNMA 4.5 102-00 0-06
FNMA 5.0 104-17 0-02
FNMA 5.5 106-07 0-02
FNMA 6.0 107-05 0-03
Updated: 12/8/09 4:33 PM
Treasuries
3 MO 0.0300 0.0148
2 YR 0.7300 -0.0280
5 YR 2.1200 -0.0516
10 YR 3.4000 -0.0290
30 YR 4.3900 0.0057
Updated: 12/8/09 5:41 PM
Mortgage Rates
30 Yr FRM 4.86 0.02
15 Yr FRM 4.17 0.01
FHA 30 Year 5.08 0.03
Jumbo 30 Year 6.06 0.03
5/1 Yr ARM 4.03 0.04
Updated: 12/8/09 1:28 PM
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Pressing Economic Issues
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Thoughts on the economy and the Fed, with Paul O'Neill, Blackstone Group special consultant/former Treasury secretary.
Bigger Government, Better Jobs?
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Insight on whether the increased government involvement is creating executive job opportunities, with Brian Sullivan, CTPartners CEO.
Few Borrowers Getting Permanent Mortgage Relief
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Executives at two of the nation's largest banks say they are struggling to get homeowners to complete the necessary paperwork for the Obama administration's...

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Recent Comments
Jason Oelrich
on 12/8/2009 - read this comment
Corky, Thanks for telling it like it is, although you probably didn't win the "Mr. Sensitivity" award for this one (even though your comment had nothing to do with ethics). The persona/character...
Adam Quinones
on 12/8/2009 - read this comment
1. no its not all Fed buying in the lower side of the stack. Anyone looking to put cash to work has been aggressively bidding on MBS...especially since dollar prices plummeted after NFP. 2. Yes, yield...
Michael Gannon
on 12/8/2009 - read this comment
ok 2 questions...first is this all FED buying the lower stack? and second with all the P & L "window dressing" taking place does this mean out of the gate in January we could see major selloffs...
Adam Quinones
on 12/7/2009 - read this comment
MORGAN STANLEY ANALYST COMMENTS: The yield on benchmark U.S. 10-year Treasury notes is expected to climb to 4.50 percent by the first half of 2010 prompted by technical factors, Morgan Stanley analysts...

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