| Dec 1, 2011 3:05PM Housing and Urban Development Secretary Shaun Donovan told a Congressional hearing on " Perspectives on the Health of the FHA Single-family Insurance Fund " this morning that FHA may need to raise its premiums for some borrowers if economic conditions worsen. The Secretary said that any negative changes in 2012 that eroded the value of the FHA's portfolio by anything more than $7 billion would require further steps to shore up FHA's cash reserve. An audit of the agency released on November 15 showed... Dec 1, 2011 2:23PM Much like yesterday (and the day before), Mortgage-Backed-Securities (MBS), began the day in weaker territory and rallied in the latter part of the day. Unlike yesterday, we started off in weak enough territory this morning that the improvements in MBS were not enough to see a positive change in Mortgage Rates . In fact, rates are a bit higher today, still centered on a 4.0% Best-Execution level, but with less 3.875%'s and a reintroduction to 4.125% rates at many lenders. Also similar to yesterday...
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