Mortgage Rates Improve For 2nd Straight Day

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Sep 29, 2011 3:55PM Mortgage Rates Improve For 2nd Straight Day After leveling-off yesterday Mortgage Rates saw some solid improvements today, in many cases dropping Best-Execution rates by an eighth of a point. Yesterday we noted that things could be volatile through the end of this week, but today that volatility worked in our favor. The Secondary Mortgage Market opened strong, quickly weakened in choppy trading, and progressively recovered beyond the AM strength by the end of the day. Today's Rates: BESTEXECUTION 30YR FIXED - More evenly split between 3.875... Sep 29, 2011 2:40PM As Lenders Learn to Manage Fraud, its Nature Changes While overall rates of mortgage related fraud appear to have fallen significantly in 2011, some particular manifestations have increased dramatically according to a new report authored by CoreLogic. The company predicts that fraud related U.S. residential mortgage originations will total $7.4 billion this year, a near 40 percent decline from the estimated $12 billion experienced in 2010. The dollar figure placed on fraud is down partially because of the decline in mortgage volume, but lenders are... Pending Sales Decline Slightly in August FinCEN Says Old Mortgage Fraud Continues to Materialize New Repurchase Risk Tool; Foreign Buyers in Florida Paying Cash; HUD Changes Multi-state Rules Servicer Compensation Proposals Ready for Public Comment Volatility Got You Down? A Few Charts For Perspective MBS RECAP: 9/29/2011 View: Front Page | Headline Viewer Micro News 2:44 PM: Dataquick: Vegas Home Sales +19.3% - Highest In Five Years 12:35 PM: 7yr Treasury Auction Preview 11:25 AM: OCC: "88% of the 32.7 Million Loans in the Portfolio Were Current and Performing" 11:03 AM: CoreLogic Estimates $7.4B in Fraudulent Mortgage Originations for 2011 10:08 AM: Freddie Mac: Fixed-Rate Mortgage Lowest on Record 10:03 AM: Pending Home Sales Decline 1.2% in August but Remain Above a Year Ago 9:19 AM: MBS Just Slightly Weaker After Econ Data. Rate Sheets Might Not Be 8:55 AM: Fed's Plosser: Not Keen on Twist or 2013 Verbiage »View All Micro News Around the Web Paul Subcommittee to Explore Auditing the Fed Another Federal Foreclosure Prevention Effort Fails Standard & Poor's Bovino Sees Slow Housing Growth: Audio Bank Releases August's Leading Indexes Chart of the Day: Housing Inventory Lower, But Still Very High Will the Treasury Screw the Fed's Twist? »View More Around the Web Video News Record Low Mortgage Rates...a Housing Problem? Bernanke Says Unemployment a Crisis; Ford May Boost Jobs: Video BB&T CEO: Good Banks are Lending »View More Video News Today's Comments "Brian, I think you are dodging Don's question. The truth is there seems to be no uniform way to establish the value of residential real estate right..." "There are no loses if the loans are going back to the same investors as is the case with HARP. For non govt backed loans with private investors, this gets..." "Thank you for all the comments, feedback and additional insights. Obviously, there are no perfect solutions to this dilemma; however, as is obvious, my..." »View More Comments Today's Q&A "I am looking to refi and have an offer for 3.875 with closing..." "Can a bank sell REO property with a pending litigation that states..." "if your principal house is sold on short sale;are you obliged..." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.95 -0.06 15YR 3.33 -0.01 FHA30YR 3.75 -0.02 Jumbo30YR 4.33 -0.02 5/1ARM 3.25 0.00 MBS Quotes 30YR FNMA 3 102-13 0-04 30YR FNMA 4 104-18 0-00 30YR FNMA 4 105-27 -0-03 30YR FNMA 5 107-10 -0-03 Treasuries 2 YR 0.2622 0.0122 3 YR 0.4336 0.0296 5 YR 1.0000 0.0620 7 YR 1.4785 0.0195 10 YR 1.9970 0.0100 30 YR 3.0545 -0.0205 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home -1.23% Mortgage Application 9.28% Mortgage Refinance 11.18% Mortgage Purchase 2.56% S&P/Case Shiller 0.91% New Home Sales -2.32% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Servicer Compensation Proposals Ready for Public Comment

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Sep 28, 2011 2:42PM Servicer Compensation Proposals Ready for Public Comment The Federal Housing Finance Agency (FHFA) is requesting public comment on two alternative mortgage servicing compensation structures . The proposed structures are the result of work done under a Joint Initiative involving Freddie Mac and Fannie Mae (the GSEs), FHFA, HUD, FHA, and Ginnie Mae. FHFA's stated intention in issuing a directive to the GSEs last January to participate in such planning was to improve service for borrowers, reduce servicers' risk, and provide flexibility for guarantors to... Sep 28, 2011 4:42PM After Several Ugly Days, Mortgage Rates Level Off After several days of progressively worse Mortgage Rates , things turned around a bit today. Or rather, it might be better to say that things LEVELED OFF. On average, rates are ending the day unchanged to microscopically better than yesterday's latest offerings. Month and quarter-end are creating some behind-the-scenes causes for recent market volatility and with two more days left in September, things could remain volatile. Today's Rates: BESTEXECUTION 30YR FIXED - 4.0%, but with a few 3.875%'s... HOPE Now Nears 5 million Loan Modification Mark Suggestions on Improving HARP; Rates Back to Pre-Twist Levels; 10/1 Approaching Fed Action Spurs Refinancing Activity MBS RECAP: 9/28/2011 The Day Ahead: Equities Upbeat Ahead of Durable Goods MBS Give Back All of Their Post-FOMC Gains View: Front Page | Headline Viewer Micro News 3:59 PM: One More Auction. One Day Closer to October 1:42 PM: Loan Pricing May Improve Following Stock Slide, Strong 5yr Auction 11:34 AM: Possible Reprices for the Worse 9:11 AM: HUD: Two New FHA Mortgagee Letters 9:08 AM: Chicago Fed: Financial Conditions Edge Tighter, Narrow Gap with Economic Conditions 8:54 AM: Durable Goods Slightly Weaker. Limited Market Reaction 4:01 PM: Increasingly Potent Econ Data Tomorrow, Spotlight Elsewhere 1:50 PM: Potential Reprices For The Worse »View All Micro News Around the Web The Financial Industry's Corporate Profits Can Mortgage Servicing Be Saved From Itself? Freddie's lax loan review could cost billions: FHA - Reuters Loan Limits Are Falling, But Does It Matter? CFPB to tackle mortgage rules soon Analysis: August Housing Permits Data »View More Around the Web Video News Rick Santelli's Afternoon Bond Report Banks Take a Beating BB&T CEO: Good Banks are Lending »View More Video News Today's Comments "There are no loses if the loans are going back to the same investors as is the case with HARP. For non govt backed loans with private investors, this gets..." "Thank you for all the comments, feedback and additional insights. Obviously, there are no perfect solutions to this dilemma; however, as is obvious, my..." "Brian: the one thing missing from this program: what is real estate worth? Is it worth the NPV valuation that HAMP servicers use arbitrarily to determine..." »View More Comments Today's Q&A "What are g-fees?" "Why value does mortgage servicing have to a bank or company?" "RE short sale; if the selling price exceeds the banks agreed..." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.01 -0.03 15YR 3.34 0.01 FHA30YR 3.75 -0.02 Jumbo30YR 4.35 -0.01 5/1ARM 3.25 0.03 MBS Quotes 30YR FNMA 3 102-10 0-03 30YR FNMA 4 104-19 0-02 30YR FNMA 4 105-30 0-01 30YR FNMA 5 107-13 0-01 Treasuries 2 YR 0.2465 0.0075 3 YR 0.3987 -0.0053 5 YR 0.9332 -0.0128 7 YR 1.4571 -0.0019 10 YR 1.9797 -0.0003 30 YR 3.0715 -0.0055 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. S&P/Case Shiller 0.91% New Home Sales -2.32% FHFA Home Price 0.80% Existing Home -1.63% Existing Home 7.71% Mortgage Application 10.02% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

MBS Give Back All of Their Post-FOMC Gains

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Sep 27, 2011 5:11PM MBS Give Back All of Their Post-FOMC Gains Despite a bit of a bounce back late in the day, MBS sank to 102-00 in Fannie 3.5's by 3pm today. This was the highest that 3.5's traded the morning of the FOMC announcement that sent them skyrocketing 2 points in the 24 hours that followed. Granted there's a bit of overrun from the 102-00 mark to the 101-25 "concrete ceiling" that had previously been the closing high, but the longer term chart makes it seem like we're effectively testing our right to continue to operate in this new higher range ... Sep 27, 2011 11:05AM LO Comp Lawsuit Results; TBW Accounting Firm Sued; Investors Gearing up for VA Funding Fee Change Some things you just can't make up. Arch West died last week of natural causes at the age of 97, and when he is buried this weekend, Arch West will have Doritos sprinkled over his urn. That is because Arch was the inventor of Dorritos, a staple of road-trips and mortgage banker desk drawers all over the nation. Doritos were first introduced in Southern California in 1964 and then launched nationally in 1967, and college parties have been better ever since. Here's something that hasn't been on the... It's Time to Refinance America and Time For Washington to Get Out of The Way Mortgage Rates Continue Higher Fannie Mae: Fed Actions Require Fiscal Stimulus to be Effective S&P Case Shiller Home Prices Rose 9 Percent in July Fed Releases Q&A on "New" MBS Buying The Day Ahead: Global Rally Continues Ahead of Fresh Data View: Front Page | Headline Viewer Micro News 4:01 PM: Increasingly Potent Econ Data Tomorrow, Spotlight Elsewhere 1:50 PM: Potential Reprices For The Worse 12:45 PM: 2 Year Treasury Auction Preview 10:15 AM: Consumer Confidence Little Changed in September 9:36 AM: Busy Overnight Session Leaves MBS Weaker This Morning 9:10 AM: S&P Case Shiller Index Showed Fourth Consecutive Month of Increases +0.9% 9:07 AM: FHFA Reports Average Mortgage Rates for August 3:58 PM: Significance of Data Increases, Auctions Begin Tomorrow »View All Micro News Around the Web Housing Takes Baby Steps Towards Better Balance Speech by Richard W. Fisher--Explaining Dissent on the FOMC Vote for Operation Twist (With Reference to Jan Mayen Island, Paul Volcker and Thor's Hammer) Rating agencies win dismissal of Ohio AG lawsuit - Reuters Behind the Numbers: The Missing Recovery NAHB spent $560000 lobbying in 2Q - Forbes Deloitte accused of missing fraud at mortgage firm - Reuters »View More Around the Web Video News Texas Foreclosure Cash Cow A Check on Housing Recovery S&P/ Case- Shiller Prices Show Strength »View More Video News Today's Comments "Brian: the one thing missing from this program: what is real estate worth? Is it worth the NPV valuation that HAMP servicers use arbitrarily to determine..." "Brian, Your plan will never happen. Never, ever, ever......The biggest reason is your plan would force the TBTF to mark their assets to market. No more..." "Two thoughts come to mind...first of all, there is no room for common sense in the mortgage industry. Just look to all the regulations. Secondly, I hope..." »View More Comments Today's Q&A "What are g-fees?" "Why value does mortgage servicing have to a bank or company?" "RE short sale; if the selling price exceeds the banks agreed..." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.04 0.08 15YR 3.33 0.02 FHA30YR 3.75 -0.02 Jumbo30YR 4.36 0.18 5/1ARM 3.22 0.07 MBS Quotes 30YR FNMA 3 102-07 -0-14 30YR FNMA 4 104-17 -0-10 30YR FNMA 4 105-29 -0-08 30YR FNMA 5 107-13 -0-06 Treasuries 2 YR 0.2391 0.0081 3 YR 0.4039 0.0079 5 YR 0.9462 0.0392 7 YR 1.4595 0.0595 10 YR 1.9797 0.0757 30 YR 3.0767 0.0837 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. S&P/Case Shiller 0.91% New Home Sales -2.32% FHFA Home Price 0.80% Existing Home -1.63% Existing Home 7.71% Mortgage Application 10.02% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031