Thursday, January 28, 2010

HAMP Guidelines Updated to Improve Loan Modification Conversion Rate

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The program has enrolled over 850,000 homeowners who are seriously delinquent in their mortgage payments in a trial modification period but has encountered... - MND NewsWire
In the week ending January 27, 2010, the Federal Reserve purchased a total of $12.50 billion agency MBS. In those five days the Federal Reserve sold $500... - MND NewsWire
I have been advising LOCK all week. If you locked, way to go! Good timing. If you did not lock, we have some deep thinking to do. I think the easiest... - Mortgage Rate Watch
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MBS Quotes
FNMA 4.0 97-20 -0-01
FNMA 4.5 100-27 0-03
FNMA 5.0 103-26 0-03
FNMA 5.5 105-26 0-04
FNMA 6.0 106-25 0-02
Updated: 1/28/10 4:34 PM
Treasuries
3 MO 0.0800 0.0000
2 YR 0.8700 -0.0300
5 YR 2.4100 -0.0200
10 YR 3.6800 0.0200
30 YR 4.5700 0.0200
Updated: 1/28/10 5:43 PM
Mortgage Rates
30 Yr FRM 4.98 0.02
15 Yr FRM 4.31 0.01
FHA 30 Year 5.17 0.02
Jumbo 30 Year 6.38 0.01
5/1 Yr ARM 4.18 -0.01
Updated: 1/28/10 6:07 PM
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Recent Comments
Rob Fleming
on 1/28/2010 - read this comment
I am hopeful about Obama's comments last night. On one hand, I agree w/Edgar- loosening on DTI's and credit scores may not be coming(I would think we would see credit score loosening first- if...
Michael Cromwell
on 1/28/2010 - read this comment
FHA is already taking all the risk & trouble awaits. There's too much instability in the mortgage/housing market for MI to work currently. I don't want to get too political here, but I have...
Andy Pada
on 1/28/2010 - read this comment
Edgar, I agree with you that there is going to be change in institutions based on risk. Your conclusion indicates that MI companies will begone. If all high ltv loans will be go to FHA, there will be no...
Bobby Downey
on 1/28/2010 - read this comment
Do away with MI and just build the risk into the rate and be done with it.....LPMI for anything over 80% and let the lender assume the risk...

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