Thursday, May 13, 2010

Borrower Default Notices Decline in April But Banks Pick Up Pace of Liquidation

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Foreclosure activity in April dipped from earlier monthly and yearly figures. A dramatic drop in initial filings and surge in bank repossessions may indicate... - MND NewsWire
Senate Votes to Limit Mortgage Broker Compensation Options and Require Bankers to Retain Risk; Industry Job Losses; More on Loan Buyback Requests; - Pipeline Press
This week USDA announced that lenders could continue to fund loans despite a budget shortfall that had threatened to put an early end to 2010 USDA loans... - Community Commentary
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MBS Quotes
FNMA 4.0 98-08 0-03
FNMA 4.5 101-06 0-05
FNMA 5.0 104-03 0-10
FNMA 5.5 106-04 0-10
FNMA 6.0 107-09 0-05
Updated: 5/13/10 4:33 PM
Treasuries
3 MO 0.1600 0.0000
2 YR 0.8700 -0.0200
5 YR 2.2700 -0.0200
10 YR 3.5500 -0.0100
30 YR 4.4700 0.0000
Updated: 5/13/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.89 0.01
15 Yr FRM 4.21 -0.01
FHA 30 Year 4.95 -0.01
Jumbo 30 Year 6.42 -0.03
5/1 Yr ARM 3.91 -0.01
Updated: 5/13/10 5:13 PM
Latest Video      
View:All Videos
Coldwell Banker CEO on Housing Market
5/13/2010
Jim Gillespie, president and CEO of Coldwell Banker, one of the nation's largest realty brokers, discusses the housing market with CNBC.
New Chapter in Foreclosure Crisis
5/13/2010
A big cloud still hangs over the housing market, reports CNBC's Diana Olick.
Inside the World of Mortgage-Backed Securities
5/13/2010
Brian Lancaster, of RBS, discusses the state of mortgage-backed securities with CNBC's Steve Liesman.

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Recent Comments
Paul Herndon
on 5/13/2010 - read this comment
As an industry, we are "whistling past the grave yard" on the Merkley amendment (and similar moves by the Fed). No body is talking about it! Most fellow LOs at my office don't even know it...
John White
on 5/13/2010 - read this comment
Could it be that investors have no true economic model that deals with massive bailouts of entire countries and consequently they cannot derive true values when everything is papered over with fiat currencies...
Adam Quinones
on 5/13/2010 - read this comment
The Senate Wednesday morning approved an amendment that sets minimum underwriting standards on single-family loans with a "safe harbor" that essentially limits the points and fees lenders can...
Nathan Hart
on 5/12/2010 - read this comment
It's been such an up and down market that it's really hard to try to "time the market" like we used to. There are so many factors that go into play and the market is so fragile that any...

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