Mortgage Rates Steady; October Mortgage Insurance Activity

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Nov 30, 2011 3:10PM Mortgage Rates Steady Again Despite Rising Treasury Yields Much like yesterday, Mortgage-Backed-Securities (MBS), began the day in weaker territory and rallied in the latter part of the day. Improving MBS are usually good for Mortgage Rates and today is no exception. But the benefits to rates were only enough to get things back to similar territory as yesterday. No major day-over-day improvements. Some lenders are slightly better, some are slightly worse, but on average, the Best-Execution Rates are unchanged. Also similar to yesterday is the phenomenon... Nov 30, 2011 4:20PM DeMarco asked for Proof of Authority for Loan Decisions Sixteen House Democrats have asked the Federal Housing Finance Agency to justify its position on reducing principal on loans owned by Freddie Mac and Fannie Mae . Elijah Cummings (D-MD), ranking member of the House Committee on Oversight and Government Reform and the 16 Democratic members of the committee sent a letter to FHFA Acting Director Edward DeMarco Wednesday seeking documents he promised the Committee regarding his analysis of programs to reduce mortgage principle. DeMarco allegedly told... October Mortgage Insurance Activity Increases Mortgage Applications Down Sharply During Holiday Shortened Week Pending Home Sales Jump 10.4% in October Refi Percentage Dropping; S&P Downgrades Banks; HARP Contact Info for Borrowers; MBA Classes for Originators Concrete Ceiling Now Becoming The Concrete Playground for MBS MBS RECAP: 11/30/2011 View: Front Page | Headline Viewer Micro News 12:15 PM: Fed: Statement on Coordinated Central Bank Action 11:51 AM: Positive Reprice Potential Increasing as MBS Hold Gains 10:26 AM: Fed: Michael S. Gibson appointed director of Division of Banking Supervision and Regulation, effective January 1, 2012 10:05 AM: NAR: Pending Home Sales Jump in October 9:58 AM: ECON: Midwest Business Barometer Rises in November 9:53 AM: ECON: ADP Employment, Productivity/Costs, MBA Apps 8:30 AM: MBA: Mortgage Applications Decreased 11.7% 8:29 AM: Uneventful Overnight Session Meets Morning Tape-Bombs »View All Micro News Around the Web Wall Street Unoccupied as 200,000 Job Cuts Bring 'Darkest Days' Stable Housing Seen in Home Depot-Lowe's Leading Market: Retail What Are Fed Swap Lines and What Do They Do? Central Banks to the Rescue: Should We Be Encouraged or Terrified? Fed Statement on Coordinated Central Bank Action on Currency Swaps ADP: Private Employment increased 206,000 in November »View More Around the Web Video News Housing: Signed Contracts Soaring LA Police Remove Occupy Wall Street Protesters S&P Downgrades Bank of Israel »View More Video News Today's Comments "Maybe the proper headline should be "Strong Rental Market is turning speculators into investors...certainly a welcome piece of news..." "We saw a similar phenomenon when house prices began plummeting. Investors who bought to sell were left stuck with the houses, unfamiliar and unprepared..." "Any news on when HUD will announce the new loan limits?" »View More Comments Today's Q&A "What happened to TDI rates?" "Retirement community buying "itself" from owners. Do I buy a "share"? " "Second Home Mortgage Question" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.97 -0.01 15YR 3.39 -0.02 FHA30YR 3.83 0.04 Jumbo30YR 4.34 -0.02 5/1ARM 3.03 0.03 MBS Quotes 30YR FNMA 3 101-27 -0-04 30YR FNMA 4 104-03 -0-01 30YR FNMA 4 105-22 0-03 30YR FNMA 5 107-15 0-05 Treasuries 2 YR 0.2578 -0.0002 3 YR 0.3989 0.0109 5 YR 0.9649 0.0399 7 YR 1.5345 0.0655 10 YR 2.0803 0.0923 30 YR 3.0641 0.1081 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Building Permits 10.87% Housing Starts -0.32% Construction 1.37% NAHB Builder 17.65% Mortgage Application -10.04% Mortgage Refinance -12.19% 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

Impact of Commodity Boom on Home Prices; Over One Quarter of Homes in Negative Equity

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Nov 29, 2011 5:26PM Report Spotlights Impact of Commodity Boom on Home Prices The Federal Housing Finance Agency's seasonally adjusted purchase only price index (HPI) shows that U.S. house prices rose slightly in the third quarter of 2011. The HPI is calculated from data on home sales obtained from Freddie Mac and Fannie Mae acquired purchase money mortgages where previous mortgages were also held by one of the government sponsored enterprise (GSE). In addition to its usual analysis of home price data, the report looks at the effects of supplementary information added to the... Nov 29, 2011 12:42PM CoreLogic: 27% of Homes in Negative or Near Negative Equity Position Over one-quarter of all mortgaged homes in the U.S. are now either underwater or close to it according to data released today by CoreLogic. In the third quarter of 201110.7 million homeowners, 22.1 percent of all those with mortgages, owed more on that mortgage than the market value of their homes. This situation arises when prices decline, mortgage debt increases, or a combination of the two. An additional 2.4 million homeowners were in a near-negative equity situation with mortgage balances only... Despite Weaker Treasuries, Mortgage Rates Improve Treasuries Consolidate While MBS Hold Previous Gains Home Prices "Drifted Lower" in Latest S&P/Case-Shiller Survey Judge Blocks $285M Citigroup Settlement, Questions S.E.C Policy MBS and Treasuries Battle Back Vs Rising Stocks Inspector Faults Some Aspects of FHFA Supervision of GSEs View: Front Page | Headline Viewer Micro News 2:28 PM: FHFA Announces Senior Staff Appointments 2:04 PM: KC Fed Alone in Seeking Higher Discount Rate - Fed Minutes 1:21 PM: Potential Positive Reprices as MBS Trade Near Highs 12:20 PM: Bond Markets Trying to Hold Their Ground Against Advancing Stocks 11:34 AM: FED: Yellen See Scope For Further Fed Easing 11:02 AM: FHFA: U.S. House Prices Rise 0.2 Percent in Third Quarter 2011 10:03 AM: ECON: Consumer Confidence Rebounds in November 9:33 AM: CoreLogic: Negative Equity Shows Slight Q3 Decline, Remains Elevated »View All Micro News Around the Web Obama Says Solving Euro Crisis of 'Huge Importance' to U.S. Prices Keep On Falling as Housing Market Still Struggles Gross Says Europe Won't Escape Debt 'Straitjacket' for Years Barney Frank: Don't Blame Me for Fannie, Freddie Problems Mr. Romney on Foreclosures CoreLogic Third Quarter 2011 Negative Equity Data Shows Slight Decline But Remains Elevated »View More Around the Web Video News Housing Prices Under Pressure Bill Gross One-on-One Why Getting a Mortgage is So Tough Right Now »View More Video News Today's Comments "Maybe the proper headline should be "Strong Rental Market is turning speculators into investors...certainly a welcome piece of news..." "We saw a similar phenomenon when house prices began plummeting. Investors who bought to sell were left stuck with the houses, unfamiliar and unprepared..." "Any news on when HUD will announce the new loan limits?" »View More Comments Today's Q&A "What happened to TDI rates?" "Retirement community buying "itself" from owners. Do I buy a "share"? " "Second Home Mortgage Question" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.98 -0.06 15YR 3.41 -0.04 FHA30YR 3.79 -0.03 Jumbo30YR 4.36 -0.02 5/1ARM 3.00 -0.01 MBS Quotes 30YR FNMA 3 101-31 0-04 30YR FNMA 4 104-04 0-03 30YR FNMA 4 105-19 0-02 30YR FNMA 5 107-10 0-03 Treasuries 2 YR 0.2578 -0.0002 3 YR 0.3883 -0.0027 5 YR 0.9247 0.0027 7 YR 1.4693 0.0143 10 YR 1.9878 0.0178 30 YR 2.9560 0.0260 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Building Permits 10.87% Housing Starts -0.32% Construction 1.37% NAHB Builder 17.65% Mortgage Application -10.04% Mortgage Refinance -12.19% 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

Judge Blocks $285M Citigroup Settlement; Mortgage Rates Survive Rough Morning

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Nov 28, 2011 3:08PM Judge Blocks $285M Citigroup Settlement, Questions S.E.C Policy A settlement agreement reached last month between Citigroup and the Securities and Exchange Commission (S.E.C.) over a 2007 mortgage derivatives deal has been thrown out by a federal court judge who has ordered the case be sent to trial. Under the settlement announced on October 19, Citicorp had agreed to pay $285 million to settle a civil suit arising out of the sale of 237501 billion in mortgage-linked collateralized debt obligations. The 2007 transaction took place just as the housing market was about... Nov 28, 2011 3:46PM Mortgage Rates Return to Last Week's Range After Scary Morning Mortgage Rates recovered from what was shaping up to be an ugly morning to fall more in line with lender offerings seen last week. The secondary market that underlies and drives mortgage rates underwent a fairly violent shift this morning relative to it's recently more peaceful trading. So it's only after most lenders released new rate sheets this afternoon that rates are returning to last week's levels. That process of unwinding the volatility has, however, left lender's rate offerings more stratified... Comments on Buybacks and Production Hold-ups; NMLS Renewal; Mortgage Production & Ops Jobs Mortgage Balances Fall 1.3% as Consumers Deleverage Multifamily Rentals Leading Commercial Market to Slow Recovery MBS Recover Losses and Then Some New Homes Sales up Slightly, Inventory Down MBS Battle to Regain Important Foothold View: Front Page | Headline Viewer Micro News 12:48 PM: Positive Reprices Reported, More Possible if Current Levels Hold 11:07 AM: NY Fed: US Q3 Mortgage Balances Fell 1.3% 10:06 AM: New Home Sales Up 1.3% in October 10:03 AM: NAR: Growth in Commercial Real Estate Markets Expected in 2012 8:44 AM: MBS and Treasuries Significantly Weaker on Italian Rescue Hopes 3:56 PM: NY Fed: Agency MBS Transaction Data Update 11:28 AM: Are Safe Havens Really Safe? »View All Micro News Around the Web 80% Of Bond Managers Expect QE3 In 2012, Says JPMorgan New Home Prices: Average Lowest since 2003 Bloomberg Report Exposes the Federal Reserve Doing Its Job ABA Statement on Barney Frank's Retirement Further Investigations into the Origin of Credit Score Cutoff Rules Health of Housing Market »View More Around the Web Video News Barney Frank Calls it Quits Wall Street Bonuses Hit a Wall Fed Gave Banks $13 Billion in Secret Loans »View More Video News Today's Comments "Maybe the proper headline should be "Strong Rental Market is turning speculators into investors...certainly a welcome piece of news..." "We saw a similar phenomenon when house prices began plummeting. Investors who bought to sell were left stuck with the houses, unfamiliar and unprepared..." "Any news on when HUD will announce the new loan limits?" »View More Comments Today's Q&A "Second Home Mortgage Question" "Foreclosure 5 years ago" "I would like B ofA to reduce my mortgage to its current value and apr so I can keep my home." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.04 -0.02 15YR 3.45 0.01 FHA30YR 3.82 0.05 Jumbo30YR 4.38 0.01 5/1ARM 3.01 -0.01 MBS Quotes 30YR FNMA 3 101-27 0-08 30YR FNMA 4 104-01 0-07 30YR FNMA 4 105-18 0-07 30YR FNMA 5 107-07 0-05 Treasuries 2 YR 0.2578 -0.0192 3 YR 0.3909 -0.0161 5 YR 0.9247 -0.0093 7 YR 1.4598 0.0048 10 YR 1.9757 0.0107 30 YR 2.9305 0.0085 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Building Permits 10.87% Housing Starts -0.32% Construction 1.37% NAHB Builder 17.65% Mortgage Application -10.04% Mortgage Refinance -12.19% 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