Tuesday, August 17, 2010

USDA Rural Housing Program: Where's the Funding?

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Three weeks have passed, the Congress did their job and appropriated unlimited funding for the USDA Rural Housing Program, yet all loans under Section... - MND NewsWire
Today the Federal Reserve Board announced the final rule on loan originator compensation practices. The new rules apply to mortgage brokers and the companies... - MND NewsWire
Following the release of Industrial Production data, stocks extended overnight gains and benchmark interest rates rose. This pressured mortgage backed... - Mortgage Rate Watch
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MBS Quotes
FNMA 4.0 102-15 -0-11
FNMA 4.5 104-13 -0-05
FNMA 5.0 105-30 -0-06
FNMA 5.5 106-29 -0-04
FNMA 6.0 107-26 -0-05
Updated: 8/17/10 4:34 PM
Treasuries
3 MO 0.1481 -0.0020
2 YR 0.4961 0.0159
5 YR 1.4285 0.0485
10 YR 2.6357 0.0731
30 YR 3.7666 0.0557
Updated: 8/17/10 4:56 PM
Mortgage Rates
30 Yr FRM 4.36 0.02
15 Yr FRM 3.76 0.03
FHA 30 Year 4.42 0.02
Jumbo 30 Year 5.59 0.01
5/1 Yr ARM 3.45 0.03
Updated: 8/17/10 4:39 PM
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Berman Says Mortgage Market Needs Private Capital: Video
8/17/2010
Aug. 17 (Bloomberg) -- Michael Berman, chairman-elect of the Mortgage Bankers Association, talks with Bloomberg's Peter Cook about today's Treasury...
Bill Gross Discusses Financing of U.S. Housing Market: Video
8/17/2010
Aug. 17 (Bloomberg) -- Bill Gross, manager of the world's biggest bond fund at Pacific Investment Management Co., talks with Bloomberg's Carol...
Privatize Fannie & Freddie?
8/17/2010
Insight on the housing fix, with David Min, Center for American Progress and Milton Ezrati, Lord Abbett.

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Recent Comments
Jason Harris
on 8/16/2010 - read this comment
Don....here is what you do not get. The lenders and end sellers of MBS will never lose a dime thanks to this legislation. All that occurs (and is already starting to occur at the major retail banks who...
Bryant Jorgenson
on 8/16/2010 - read this comment
Don, welcome to a capitalist economy buddy. If two identical borrowers SHOP AROUND, then they would both be in the same loan with the same rate. It's only when people get lazy that they end up paying...
Frank Ceizyk
on 8/16/2010 - read this comment
So Don--if I follow your logic, if two different retailers charge different fees to the same customer for the same computer it's asset stripping. If two different tire companies charge different fees...
Don
on 8/16/2010 - read this comment
Sorry to rain on your little "pity party" folks. The game has finally been called and it's time to face up to reality. The mortgage industry had been, systematically, asset stripping this...

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