Monday, April 19, 2010

Does Elimination of the Origination Fee Benefit The Reverse Mortgage Industry?

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Recently lenders have been offering an option of 'no origination fee' on the HECM fixed rate reverse mortgage program. This sounds good on the surface... - Community Commentary
Robert E. Story, Jr., Chairman of the Mortgage Bankers Association (MBA) told Congress last week that servicers administering government foreclosure prevention... - MND NewsWire
With little economic data released until Thursday this week, investor attention should remain focused on first-quarter earnings releases, plus continued... - MND NewsWire
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MBS Quotes
FNMA 4.0 97-03 -0-13
FNMA 4.5 100-07 -0-09
FNMA 5.0 103-01 -0-07
FNMA 5.5 105-06 -0-02
FNMA 6.0 106-23 -0-01
Updated: 4/19/10 4:03 PM
Treasuries
3 MO 0.1420 -0.0180
2 YR 0.9756 -0.0045
5 YR 2.5167 0.0267
10 YR 3.7974 0.0074
30 YR 4.6921 0.0221
Updated: 4/19/10 4:16 PM
Mortgage Rates
30 Yr FRM 4.95 -0.01
15 Yr FRM 4.29 -0.02
FHA 30 Year 5.12 -0.02
Jumbo 30 Year 6.53 -0.01
5/1 Yr ARM 4.03 -0.01
Updated: 4/19/10 4:03 PM
Latest Video      
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State of Private Equity
4/19/2010
Why private equity is finding a more favorable environment in which to raise funds, with Scott Sperling, THL Partners.
Breaking News: Fuld's Testimony
4/19/2010
Insight on Fuld's testimony, with CNBC's Steve Liesman.
GOP's Reg Reform Opposition
4/19/2010
Discussing whether the SEC's probe of Goldman Sachs changes the GOP's regulatory reform opposition, with Sen. Orrin Hatch, (R-UT).

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Recent Comments
JTB
on 4/19/2010 - read this comment
It is becoming quite believable at this point, that nothing can stop the Dow from climbing. I would say that the Street is finding it VERY hard to be spooked by anything.
Jason Harris
on 4/17/2010 - read this comment
Ed, With underwriting now I feel a whole heck of a lot better about every FHA loan that I originate when compared to what was going on in 2005. While there are some yahoos that still slip through....it...
Jason Wilborn
on 4/16/2010 - read this comment
One thing you didnt mention here AQ is that BofA anticipates taking its foreclosure activity from 2500/mo to 45,000/mo. As modfication programs fail and more foreclosures flood the market, prices will...
Adam Quinones
on 4/16/2010 - read this comment
I agree JW...as long as the reform bill does not over regulate and stymie investment. If this news is leveraged to force a poorly constructed piece of legislation through Congress...the timing would be...

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