Thursday, April 15, 2010

HAMP: Improved Conversion Rate Helps Boost Permanent Loan Mods in March

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Top Stories      
Permanent loan modifications through the Making Home Affordable Program increased by over 60,000 in March even as the rate of new entries into the program... - MND NewsWire
The Obama Administration today released questions for public comment on the future of the housing finance system, including Fannie Mae and Freddie Mac... - MND NewsWire
Bank representatives speaking to the House Financial Services Committee addressed the problem of second mortgages and boasted of the efforts their institutions... - MND NewsWire
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MBS Quotes
FNMA 4.0 97-02 0-10
FNMA 4.5 100-07 0-08
FNMA 5.0 102-27 0-00
FNMA 5.5 105-00 0-01
FNMA 6.0 106-22 0-03
Updated: 4/15/10 4:05 PM
Treasuries
3 MO 0.1501 -0.0099
2 YR 1.0161 -0.0539
5 YR 2.5471 -0.0629
10 YR 3.8341 -0.0460
30 YR 4.7159 -0.0041
Updated: 4/15/10 4:40 PM
Mortgage Rates
30 Yr FRM 5.00 -0.01
15 Yr FRM 4.34 -0.01
FHA 30 Year 5.19 -0.02
Jumbo 30 Year 6.55 -0.01
5/1 Yr ARM 4.10 0.01
Updated: 4/15/10 4:31 PM
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April 15 (Bloomberg) -- David Crowe, chief economist for the National Association of Home Builders, talks with Bloomberg's Lori Rothman about the outlook...
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Discussing whether taxation is the issue of the Tea Party rallies today, with CNBC's Rick Santelli.

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Recent Comments
Brian Moskal
on 4/15/2010 - read this comment
I understand your frustration. I worked with a broker for the last 15 years. Just recently went back to the dark side with a bank. The deal is all FDIC insured intitutions have to have thier people PASS...
Paul Carlin
on 4/15/2010 - read this comment
Two reposts for the better. Wells and Sterns Lending. Floating seams like a good option
Ray J
on 4/15/2010 - read this comment
First of all they need to realize that the entire federal housing finance machine is built upon a structural economic fallacy. http://jim.com/econ/chap06p1.html read this for an explanation. Fundamentals...
S John Murray
on 4/15/2010 - read this comment
Let's start with asking why an loan originator is exempt from the strict licensing laws and NMLS testing simply because they work for a depository bank. It would be interesting to have regulators explain...

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