Monday, August 30, 2010

HUD Secretary Tiptoes Around Another Tax Credit, Pushes Balanced Housing Policy

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In a Sunday news show appearance, HUD Secretary Shaun Donovan said that it was too early to discuss a revival of the homebuyers tax credit even though... - MND NewsWire
My point: after reprices for the better, loan pricing is 13.3bps better than it was last Monday (on average). In fact, loan pricing is just about as aggressive... - MBS Commentary
The Conservator of Fannie Mae and Freddie Mac has issued its first report on Fannie Mae and Freddie Mac. The data indicates that problems began when... - MND NewsWire
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MBS Quotes
FNMA 4.0 103-10 0-20
FNMA 4.5 104-24 0-03
FNMA 5.0 105-31 -0-01
FNMA 5.5 106-27 0-02
FNMA 6.0 107-18 -0-01
Updated: 8/30/10 4:30 PM
Treasuries
3 MO 0.1298 -0.0202
2 YR 0.4929 -0.0671
5 YR 1.3863 -0.1037
10 YR 2.5285 -0.1315
30 YR 3.5809 -0.1091
Updated: 8/30/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.36 -0.03
15 Yr FRM 3.76 -0.02
FHA 30 Year 4.42 -0.04
Jumbo 30 Year 5.58 -0.01
5/1 Yr ARM 3.52 -0.01
Updated: 8/30/10 6:46 PM
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Owl Tree
on 8/30/2010 - read this comment
I understand this is a busy week, but I've got to think the NFP will keep the range intact until Friday....I suppose the Thursday jobless claims number could create some direction in advance of that...
Gary Powell
on 8/27/2010 - read this comment
Is it just me, or does Mr. Evans seem to be oblivious to the regulatory changes that are coming out of DC, as well as the market changes that have been in place for years? His comments make me think that...
Frank Ceizyk
on 8/27/2010 - read this comment
Anthony-- I am so sorry for what happened to you. This article exemplefies what continues to be wrong with the lending and housing industry. Rationalizations for why the wrongs 'werent all that wrong'...
Anthony Rich
on 8/26/2010 - read this comment
After what has happened to me since december 2007, I will promise you financial people one thing. I will never borrow money again, and if I need it I will do with out it. You all talk in circles, the underwriters...

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