Thursday, September 16, 2010

Banks Add REO Inventory at Record Pace in August. More Homes Hit Auction Block

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/172178.aspx

You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Foreclosure filings increased again in August according to RealtyTrac. The increase was driven by auction notices and completed foreclosures as, the company... - MND NewsWire
The most obvious development of the day in the bond market was the steeper shape of the TSY yield curve. 2s/10s ticked as wide as 230bps before bargain... - MBS Commentary
Testifying before a House subcommittee, representatives of HUD and Treasury each laid out similar goals and expectations for the future of the government... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 102-11 -0-04
FNMA 4.5 104-02 -0-04
FNMA 5.0 105-13 -0-01
FNMA 5.5 106-12 -0-02
FNMA 6.0 107-15 0-00
Updated: 9/16/10 4:33 PM
Treasuries
3 MO 0.1600 0.0100
2 YR 0.4800 -0.0200
5 YR 1.4800 0.0200
10 YR 2.7700 0.0300
30 YR 3.9200 0.0500
Updated: 9/16/10 5:50 PM
Mortgage Rates
30 Yr FRM 4.42 0.03
15 Yr FRM 3.83 0.03
FHA 30 Year 4.44 0.02
Jumbo 30 Year 5.61 0.03
5/1 Yr ARM 3.58 0.03
Updated: 9/16/10 4:55 PM
Latest Video      
View:All Videos
Small Business Outlook
9/16/2010
Getting a read on how small businesses are faring in the US during this downturn, with Steve Odland, Office Depot chairman & CEO.
Foreclosure Tidal Wave
9/16/2010
Another month of record bank repossessions, even though the notices of default are down 30 percent year over year, reports CNBC's Diana Olick. Could...
Gensler On Oversight
9/16/2010
Discussing the regulation of the markets and what it will take to give the retail investor enough confidence to come back, with Gary Gensler, CFTC chairman...

Advertise With Mortgage News Daily
JOIN THE CONVERSATION
Recent Comments
Adam Quinones
on 9/16/2010 - read this comment
...but banks didn't file as many new default notices! :-D
Brad Nease
on 9/16/2010 - read this comment
Excellent article. I would add that a percentage of the of a secondary marketing manager's (smm) incentive/bonus should contain a subjective piece. The CEO/President/CFO must have the ability to influence...
Edgar
on 9/16/2010 - read this comment
SunTrust. Called my rep, have not heard back but I am sure they are way out of the market because of turn times. They've been 4-5 weeks for months now. All those poor LOs that are floating with them...
Jason Harris
on 9/16/2010 - read this comment
When both BOA and Goldman are forecasting a 10 yr target at 2% for the first quarter of 2011 I still feel like we have some room to improve on the interest rate front.

Mortgage News Daily


You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/172178.aspx