Thursday, June 24, 2010

HAMP Had Good Intentions But Was Doomed to Disappoint

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
"We only have three months left with hundreds of thousands of families facing foreclosure, is it time to rethink whether or not a mortgage foreclosure... - Voice of Housing
The first states to receive funds under the Administration's "HFA Hardest Hit Fund" have been announced by the Treasury Department. Arizona... - MND NewsWire
I've talked to quite a few loan originators over the past month. My most recent conversation with a loan officer started out with an explanation of all... - The Garrett Watts Report
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MBS Quotes
FNMA 4.0 100-15 -0-10
FNMA 4.5 103-05 -0-06
FNMA 5.0 105-25 -0-02
FNMA 5.5 107-15 -0-01
FNMA 6.0 108-08 -0-01
Updated: 6/24/10 4:32 PM
Treasuries
3 MO 0.1300 0.0000
2 YR 0.6600 -0.0500
5 YR 1.9300 -0.0500
10 YR 3.1300 -0.0500
30 YR 4.0500 -0.0500
Updated: 6/23/10 5:50 PM
Mortgage Rates
30 Yr FRM 4.69 0.01
15 Yr FRM 4.03 0.02
FHA 30 Year 4.71 0.01
Jumbo 30 Year 6.26 0.01
5/1 Yr ARM 3.60 0.01
Updated: 6/24/10 4:45 PM
Latest Video      
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Citi's Das Urges Changes to Loan Modification Programs: Video
6/24/2010
June 24 (Bloomberg) -- Sanjiv Das, chief executive officer of Citigroup Inc.'s CitiMortgage unit, talks with Bloomberg's Julie Hyman about U.S...
FinReg: Will Wall St. Win or Lose?
6/24/2010
Discussing what the final version of financial reform will look like and what it will mean for Wall Street, with Rep. Robert Andrews, D-N.J., and Rep....
CEO Survey on Global Financial Future
6/24/2010
More than 700 CEOs across the globe are sharing their thoughts on doing business in a global economy, with Peter Lacy, Accenture and Georg Kell, United...

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Recent Comments
Pat McKovich
on 6/24/2010 - read this comment
This is definitely a joke, my son has been working with his lender, un-named, for 15 months on a modification, still no end to the ordeal. What does Fannie Mae say he should do about going into foreclosure...
john murphy
on 6/24/2010 - read this comment
ANYBODY floating ANYTHING in their pipe is crazy. Lock at 450 on the 30 plenty of room to reprice if this continues. thats your hedge. delivering BestEfforts to agencies mandatory spreads close to zero...
Adam Quinones
on 6/24/2010 - read this comment
10:00 24Jun10 RTRS-U.S. 30-YR FIXED RATE MORTGAGES RECORD LOW 4.69 PCT JUNE 24 WK VS 4.75 PCT PRIOR WK-FREDDIE MAC
Frank Ceizyk
on 6/23/2010 - read this comment
Laughable oxymoronic phrase: working with your servicer Create an industry standard for the loan mod process or get rid of the LLPAs for people who could refinance were it not for the ridiculous adjustements...

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