Monday, July 12, 2010

FHFA Looks to Reduce GSE Liability For Losses on Private Label MBS Investments

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Top Stories      
The Federal Housing Finance Agency (FHFA) has issued subpoenas to 64 companies seeking loan documents and other information related to private-label mortgage... - MND NewsWire
You won't notice a difference tomorrow. Lenders have been building loan pricing based on the August coupon for several weeks already, that's why... - MBS Commentary
Congress Goes Back to Work; Reverse Mortgage Volumes; Fannie Appraisal Changes; G-Fees - Pipeline Press
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MBS Quotes
FNMA 4.0 101-08 -0-08
FNMA 4.5 103-15 -0-11
FNMA 5.0 105-20 -0-09
FNMA 5.5 107-15 -0-04
FNMA 6.0 108-17 -0-04
Updated: 7/12/10 4:50 PM
Treasuries
3 MO 0.1369 -0.0231
2 YR 0.6490 0.0190
5 YR 1.8452 -0.0048
10 YR 3.0628 -0.0072
30 YR 4.0561 0.0161
Updated: 7/12/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.65 0.02
15 Yr FRM 4.06 0.03
FHA 30 Year 4.68 0.04
Jumbo 30 Year 6.04 0.01
5/1 Yr ARM 3.61 0.03
Updated: 7/12/10 5:20 PM
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Recent Comments
Adam Quinones
on 7/12/2010 - read this comment
haha yeh its fun for me because it doesnt really affect your pricing and I get to see everyone squirm! I put up the usual notification day post with some added content: http://www.mortgagenewsdaily.com...
Kent Taylor
on 7/12/2010 - read this comment
Whew! Notification Day is like April Fools every time!
Owl Tree
on 7/12/2010 - read this comment
For what it's worth, my lock-defensive position was based on what Adam notes.....my spidey senses tell me a revisit to the 3.20+ range is not unlikely....and it could happen within a 48 hour span.
Thomas Quann
on 7/12/2010 - read this comment
Jason, I do not believe there will be any major moves up or down. Rate sheets will be sellable for some time.

Mortgage News Daily


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