Thursday, May 27, 2010

Housing: The Good, The Bad And The Ugly

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/154607.aspx

You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
The big question everyone is asking: The Home Buyer Tax Credit Has Expired. Will Home Sales Improve, Contract, or Go Sideways? - MND NewsWire
The violent spike in rates we witnessed today will force market participants to re-evaluate their strategic and tactical biases as bullish interest rate... - MBS Commentary
HUD Secretary Shaun Donovan presented the details of a new rental assistance program to members of Congress on Tuesday. The program is part of the President's... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 98-28 -0-25
FNMA 4.5 101-25 -0-17
FNMA 5.0 104-13 -0-13
FNMA 5.5 106-15 -0-08
FNMA 6.0 107-17 -0-06
Updated: 5/27/10 4:30 PM
Treasuries
3 MO 0.1700 0.0000
2 YR 0.8700 0.0500
5 YR 2.1800 0.1200
10 YR 3.3400 0.1300
30 YR 4.2400 0.1300
Updated: 5/27/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.86 0.03
15 Yr FRM 4.15 0.01
FHA 30 Year 4.89 0.03
Jumbo 30 Year 6.42 0.03
5/1 Yr ARM 3.83 0.03
Updated: 5/27/10 6:43 PM
Latest Video      
View:All Videos
Time to Retire Rating Agencies?
5/27/2010
Rating agencies don't seem to have many friends these days, with Jerome Fons, former Moody's managing director.
FINRA's Compliance Meeting
5/27/2010
Regulatory reform and the so-called "flash crash" on the agenda at FINRA's annual compliance meeting, with CNBC's Mary Thompson.
Obama Holds News Conference
5/27/2010
President Obama shares remarks on the BP spill and more.

Advertise With Mortgage News Daily
JOIN THE CONVERSATION
Recent Comments
Adam Quinones
on 5/27/2010 - read this comment
In an announcement dated May 26, 2010, USDA Rural Development has now confirmed that the Agency will continue to accept and process application packages. As has been done previously when program funds...
Michigan Appraiser
on 5/27/2010 - read this comment
As a member of the appraiser community, I think everyone in the loan industry should be upset with the underwriting guidelines of the banks. They are the ones setting up guidelines as to what they will...
Emmett Dempsey
on 5/27/2010 - read this comment
I used to think the AMC appraiser was to blame, but after doing some "post-mortems" of deals that were killed via HVCC I am seeing other wise. What is happening is that a lot of these AMC's...
Susan Myszkowski
on 5/27/2010 - read this comment
In my opinion a stronger case should be made for not including foreclosures and short sales to the comps that an appraiser is required to find for a property that is not distressed. First of all most of...

Mortgage News Daily


You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/154607.aspx

Wednesday, May 26, 2010

Rise In Refinance Demand Tempered By Appraisal Issues

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/154385.aspx

You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Bank foreclosure activity is putting more distressed inventory on the market and making it harder for appraisers to justify their choice of comps. It's... - MND NewsWire
FHFA Director Ed DeMarco said that the study found that Fannie Mae and Freddie Mac remain "critical supervisory concerns." While the two government... - MND NewsWire
The big question everyone is asking: The Home Buyer Tax Credit Has Expired. Will Home Sales Improve, Contract, or Go Sideways? - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 99-23 0-00
FNMA 4.5 102-09 -0-02
FNMA 5.0 104-28 0-00
FNMA 5.5 106-22 -0-02
FNMA 6.0 107-21 -0-02
Updated: 5/26/10 4:33 PM
Treasuries
3 MO 0.1700 0.0000
2 YR 0.8200 0.0100
5 YR 2.0600 0.0500
10 YR 3.2100 0.0300
30 YR 4.1100 0.0400
Updated: 5/26/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.83 0.03
15 Yr FRM 4.14 0.02
FHA 30 Year 4.86 0.02
Jumbo 30 Year 6.39 0.03
5/1 Yr ARM 3.80 0.01
Updated: 5/26/10 4:00 PM
Latest Video      
View:All Videos
Bill Gross Discusses Sovereign Debt Default Risk: Video
5/26/2010
May 26 (Bloomberg) -- Bill Gross, manager of the world's biggest bond fund at Pacific Investment Management Co., talks with Bloomberg's Julie Hyman...
Is The Sky Really Falling?
5/26/2010
Discussing the future of the housing market and the U.S. economy, with Joel Naroff, Naroff Economic Advisors and CNBC's Steve Liesman & Diana Olick...
Sales of New Homes in U.S. Jump to Two-Year High: Video
5/26/2010
May 26 (Bloomberg) -- Purchases of new homes in the U.S. jumped in April to the highest level in two years, as buyers rushed to qualify for a government...

Advertise With Mortgage News Daily
JOIN THE CONVERSATION
Recent Comments
Bryant Jorgenson
on 5/26/2010 - read this comment
I finally got some justice for a client who had their house appraised for $348,000 when the borrower thought it was closer to $400,000. Contacted the AMC and pointed out that the square footage was wrong...
John White
on 5/26/2010 - read this comment
Reuters- MADRID – Spain must make far reaching, comprehensive reforms, including to the labour market, while its economic recovery remains fragile, The International Monetary Fund said on Monday. "The...
Cristie Champlin
on 5/26/2010 - read this comment
Thanks for researching this Adam. I learn so much from the articles you post. The numbers speak for themselves. All of these "temporary" programs are starting to look like the "Gulf Oil...
Frank Ceizyk
on 5/26/2010 - read this comment
I agree that POLITICS is not a subject for this forum, but we should be able to have a discourse about the merits of one economic policy vs another without BLAMING anyone. The sad thing is that the current...

Mortgage News Daily


You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/154385.aspx