Wednesday, June 30, 2010

FHA Commissioner Discusses RESPA Reform and SAFE Act Implementation

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FHA Commissioner David Stevens wrote to the industry today. He discussed RESPA reform and provided and update on the implementation of the SAFE Act. - MND NewsWire
According to the Mortgage Bankers Association (MBA)'s Annual 2009 Mortgage Bankers Production Survey released on Wednesday, profits on the average... - MND NewsWire
As lenders have begun repossessing homes at record levels over the first half of 2010, it will be interesting to watch how they will manage the inventory... - MND NewsWire
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MBS Quotes
FNMA 4.0 101-07 -0-08
FNMA 4.5 103-18 -0-07
FNMA 5.0 105-26 -0-02
FNMA 5.5 107-12 -0-01
FNMA 6.0 108-16 0-00
Updated: 6/30/10 4:37 PM
Treasuries
3 MO 0.1800 0.0300
2 YR 0.6100 0.0000
5 YR 1.7900 0.0100
10 YR 2.9700 0.0000
30 YR 3.9100 -0.0300
Updated: 6/30/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.60 0.01
15 Yr FRM 3.95 0.01
FHA 30 Year 4.63 0.02
Jumbo 30 Year 6.08 0.00
5/1 Yr ARM 3.49 0.04
Updated: 6/30/10 5:29 PM
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Recent Comments
John White
on 6/30/2010 - read this comment
You know, considering these great interest rates that are on offer I thought I would share some lending rates for residential properties in New Zealand with you all. In NZ you take a home loan over a 30...
Jason Andrews
on 6/30/2010 - read this comment
Jim, it's better to find a LO that you want to work with first. Get the process going, app and appraisal. Float the rate if you feel froggy, and let the LO go to work. You will 95% of the time get...
Christina Lancaster
on 6/30/2010 - read this comment
I agree with Matt...they should extend the whole thing to the end of the year, BUT DO IT NOW!!! It take a lot of time and travel (i'm moving 6 hours away) to find the right house...by the time I did...
Mike H.
on 6/29/2010 - read this comment
Well I think that $8,000 carrot more than pays for itself with taxes to local, state, and the federal government. You have Realtors, lenders, appraisers, title companies, inspectors, etc etc etc generating...

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