Monday, May 24, 2010

Existing Home Sales Rise As Expected. Original Deadline Stole Demand

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/153842.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      
Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions,... - MND NewsWire
Risk retention legislation will affect mortgage loan pricing in a negative way. It will force mortgage bankers and wholesalers to accumulate more reserve... - MND NewsWire
The sun is setting on MHA and HAMP, we either need to modify/amend servicing contracts to properly incentivize servicers to perform an effective level... - Voice of Housing
jeffer90576
MBS Quotes
FNMA 4.0 99-12 -0-04
FNMA 4.5 102-05 0-00
FNMA 5.0 104-22 -0-01
FNMA 5.5 106-16 -0-03
FNMA 6.0 107-17 0-00
Updated: 5/24/10 4:32 PM
Treasuries
3 MO 0.1450 -0.0250
2 YR 0.7226 -0.0374
5 YR 1.9886 -0.0314
10 YR 3.1942 -0.0058
30 YR 4.0842 0.0142
Updated: 5/24/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.81 0.02
15 Yr FRM 4.14 0.02
FHA 30 Year 4.85 0.02
Jumbo 30 Year 6.38 0.03
5/1 Yr ARM 3.80 0.01
Updated: 5/24/10 5:23 PM
Latest Video      
View:All Videos
Low Inflation Trade
5/24/2010
Investors are rediscovering an investment vehicle created in the 1980s to maximize return in a low yield environment, with CNBC's Rick Santelli.
Housing: Artificial High?
5/24/2010
Recent data point to an improving housing market, with CNBC's Diana Olick and Casey Mulligan, University of Chicago.
NABE: US Recovery to Exceed Previous Estimates
5/24/2010
The National Association of Business Economics (NABE) expects 3.2% GDP growth in 2010, up from 3.1% predicted in February. Lynn Reaser, president of the...

Advertise With Mortgage News Daily
JOIN THE CONVERSATION
Recent Comments
Brandon S.
on 5/24/2010 - read this comment
"All-cash sales stood at 26 percent in April; they were 27 percent in March." Are these investors/speculators, or owner-occ's? If the former, I wonder what kind of market effect that much...
Adam Quinones
on 5/23/2010 - read this comment
Although brokers never actually own the loan and therefore have no loan to "sell"....mortgage brokers do not generate their own loan pricing, it is offered by bankers and wholesale lenders--...
Michael Mekler
on 5/22/2010 - read this comment
I disagree with the last paragraph. Mortgage brokers do not "sell loans to wholesale lenders who originate, sell, and sometimes even securitize loans", they simply are the in between party in...
Adam Miller
on 5/21/2010 - read this comment
standardization? Like FHA's new policy on streamlines. If you do not reduce the total mortgage payment by 5% of the total PITI the homeowner can not take advantage of a streamline refi and the file...

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/153842.aspx