Friday, May 21, 2010

Proposed Risk Retention Reform Affects Banker and Broker Loan Pricing

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Top Stories      
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
USDA Section 502 Single Family Housing Guaranteed Loans are primarily used to help low-income individuals or households purchase homes in rural areas.... - Community Commentary
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MBS Quotes
FNMA 4.0 99-14 -0-09
FNMA 4.5 102-07 -0-05
FNMA 5.0 104-22 -0-04
FNMA 5.5 106-21 0-00
FNMA 6.0 107-19 -0-02
Updated: 5/21/10 4:30 PM
Treasuries
3 MO 0.1700 0.0000
2 YR 0.7600 0.0000
5 YR 2.0200 -0.0200
10 YR 3.2000 -0.0500
30 YR 4.0700 -0.0600
Updated: 5/21/10 5:41 PM
Mortgage Rates
30 Yr FRM 4.79 0.02
15 Yr FRM 4.12 0.03
FHA 30 Year 4.83 0.03
Jumbo 30 Year 6.35 0.03
5/1 Yr ARM 3.79 0.03
Updated: 5/21/10 5:51 PM
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Recent Comments
Brett Boyke
on 5/21/2010 - read this comment
both actually, on the credit side each attempt to satisfy a condition opens up more conditions. Appraisals, they are asking for 2 additional comps and/or justifications of the comps used as a default on...
Adam Quinones
on 5/21/2010 - read this comment
collateral conditions or credit conditions? I keep hearing horror stories about poor appraisal quality.
David Flohr
on 5/21/2010 - read this comment
John - good article and hopefully Congress hears the message, they dangled the tax credit carrot in front of people and they need to understand their delaying action could harm many a real estate deal...
Jacob Shayovitz
on 5/21/2010 - read this comment
Does anybody know how many experienced appraisers left the market, refusing to pay the AMC's? I heard that just in New York State close to a 1000. As a Banker and a appraiser, i come across a lot of...

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