HARP Activity Increasing Even as Refinancing Contracts

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Feb 29, 2012 9:35AM HARP Activity Increasing Even as Refinancing Contracts Applications for purchase mortgages jumped during the week ended February 24, but the Mortgage Bankers Association's (MBA) Market Composite Index still finished the week down slightly from the week before. The index, derived from the MBA's Weekly Mortgage Application Survey decreased 0.3 percent from the previous week on a seasonally adjusted basis and 9.4 percent unadjusted. The week's results are also adjusted for the Presidents Day holiday. The Purchase Index increased 8.2 percent on a seasonally... Feb 29, 2012 4:33PM State of the Housing Market: Case and Shiller Discussion The original formulators of the S&P/Case-Shiller Housing Price Indices held a press conference on Tuesday to discuss the state of the housing market . The two, Robert Shiller, Professor of Economics, Yale University and Karl Case, Professor of Economics Emeritus, Wellesley College, were generally up-beat about the industry in the conference which coincided with the release of the monthly and quarterly national and city-based indices. Shiller said that a survey he has conducted for years asks... Fannie Mae's Losses Narrow but Treasury Advance Requested Examining Factors Affecting ARM Loan Pricing MBS RECAP: 2/29/2012 Mortgage Rates Rise For First Time in Five Days Echo Boomers and Home Ownership; Redwood Trust's Loss; Thoughts on Agency Condo Policies Bond Markets Remain in Weaker Territory Following Bernanke Testimony View: Front Page | Headline Viewer Micro News 3:42 PM: HUD Releases Public Database of HUD-Assisted Households 2:07 PM: Fed Beige Book Released 1:51 PM: Bond Markets Remain in Weaker Territory Following Bernanke Testimony 10:10 AM: MBS, Treasuries Tanking After Chi-PMI, Bernanke. Negative Reprices 10:05 AM: Bernanke Testimony to Committee on Financial Services 9:54 AM: ECON: Chicago PMI Higher Than Expected. Strong Internals 9:44 AM: Fannie Mae Reports .4B Loss in Q4, $16.9B in 2011 9:06 AM: European LTRO and US GDP Leave Bond Markets In Positive Territory »View All Micro News Around the Web Bernanke Crystal Ball Says, No Bubble Yet, Ask Later NY Fed: Tentative outright Treasury operation schedule Fannie Mae: January 2012 Monthly Summary Condos Bottom With Morgan Stanley Paring Loan Losses: Mortgages HUD eyes alternatives to pay for Obama refi plan Five Largest Banks 'Should Be Broken Up': Fed's Fisher »View More Around the Web Video News Bernanke Heads to Capitol Hill Former Bear CEO on Financial Crisis Santelli Points to Housing Bargains »View More Video News Today's Comments "I've been trying to close on a short sale with Flagstar for over a month now. Flagstar owns my 1st and 2nd mortgage. They have already approved the..." "Perhaps Mrs. Duke needs to see some appraisals from homeowners who have refinanced the last 4 years. The real estate industry is very much a "word..." "Flagstar should be stricken from participating in HUD programs altogether simply due to their unethical and arrogant performances that aroused the investigation..." »View More Comments Today's Q&A "Can I pull my home out of the market if I have it on shortsale" "How do I transfer ownership of my house to my spouse?" "my name is on the deed but not the mortgage. what are my rights" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.90 0.02 15YR 3.25 0.02 FHA30YR 3.75 0.00 Jumbo30YR 4.14 0.02 5/1ARM 3.00 0.00 MBS Quotes 30YR FNMA 3 103-12 -0-07 30YR FNMA 4 105-09 -0-04 30YR FNMA 4 106-19 -0-02 30YR FNMA 5 108-00 -0-01 Treasuries 2 YR 0.2971 0.0041 3 YR 0.4149 0.0079 5 YR 0.8638 0.0208 7 YR 1.3915 0.0315 10 YR 1.9739 0.0329 30 YR 3.0816 0.0076 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Building Permits -0.15% Housing Starts -4.09% Construction 1.53% Mortgage Application -1.01% Mortgage Refinance 0.83% Mortgage Purchase -8.41% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Donovan: FHA Working on Alternate Premium Structure for Streamlines

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Feb 28, 2012 5:05PM Donovan: FHA Working on Alternate Premium Structure for Streamlines In broad ranging testimony before the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, Housing and Urban Development (HUD) Secretary Shaun Donovan touched on the substantial risks confronting FHA and its Mutual Mortgage Insurance (MMI) Fund in the coming years and the potential for returning the Fund to solvency by 2015. The MMI Fund, Donovan said, has seen high numbers of claims from originations prior to 2009 and this has severely impacted the health of the fund. Through systematic... Feb 28, 2012 1:11PM Fed's Duke Tells Senators Housing Recovery Not Following Script Federal Reserve Governor Elizabeth A. Duke told members of the Senate Committee on Banking, Housing, and Urban Affairs that "the failure of the housing market to respond to lower interest rates as vigorously as it has in the past indicates that factors other than financial conditions may be restraining improvement in mortgage credit and housing market conditions and thus impeding the economic recovery." Six years after house prices first started to decline and more than two years after the start... Mortgage Rates Steady to Slightly Improved MBS Prices From Lows to Highs in Just Over an Hour FDIC Banks Again Report Improved Quarterly Profits Details on FHA's MIP Increase; HSOA update; Upcoming Events New Hampshire Court Rules for MERS MBS RECAP: 2/28/2012 View: Front Page | Headline Viewer Micro News 5:26 PM: Justice Department Conducting Criminal LIBOR Probe: Reuters Exclusive 2:59 PM: MBS No Longer Near Highs. Reprice Risks Get Cloudy Again 1:55 PM: MBS Holding Near Highs. Positive Reprice Potential Taking Over 11:53 AM: MBS Bounce at Lows. Negative Reprice Potential Waxes/Wanes 11:41 AM: FHFA's DeMarco Testimony on State of Housing 10:55 AM: NMLS Reports 2011 Numbers of State-Licensed Mortgage Entities 10:08 AM: ECON: Consumer Confidence Much Higher Than Expected 9:05 AM: ECON: Case-Shiller Home Prices End 2011 at New Lows »View All Micro News Around the Web Toll Brothers CEO Sees 'Improvement Everywhere' Exclusive: Justice Department conducting criminal Libor probe New York Fed Sells Remainder of Maiden Lane II LLC Securities; Approximately 2.8 Billion Net Gain Generated for U.S. Public from the Portfolio Bernanke Testifies Wednesday: More on Operation Twist? Housing settlement details due out this week Wells Fargo Says SEC May Bring Claims Over Mortgage Securities »View More Around the Web Video News Santelli Points to Housing Bargains Why Luxury Home Prices May Fall Further Homebuyers in `Wait-and-See' Mode Now, Shiller Says »View More Video News Today's Comments "Flagstar should be stricken from participating in HUD programs altogether simply due to their unethical and arrogant performances that aroused the investigation..." "Every day we hear of Bank settlements that settle with a monetary amount and then its business as usual. How come, if I commit fraud, I go to jail? When..." "steve--such a tired worn out argument to continue aim all this at the mortgage industry--how about these 7 words...THE REAL ESTATE VALUATION SYSTEM IS..." »View More Comments Today's Q&A "How do I transfer ownership of my house to my spouse?" "my name is on the deed but not the mortgage. what are my rights" "i have a reverse mortgage. can i trade holmes with someone else with a reverse mortgage?" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.88 -0.01 15YR 3.23 -0.01 FHA30YR 3.75 0.00 Jumbo30YR 4.12 -0.01 5/1ARM 3.00 0.00 MBS Quotes 30YR FNMA 3 103-19 0-02 30YR FNMA 4 105-13 0-03 30YR FNMA 4 106-21 0-01 30YR FNMA 5 108-01 -0-01 Treasuries 2 YR 0.2931 0.0041 3 YR 0.4067 0.0027 5 YR 0.8430 -0.0030 7 YR 1.3597 0.0037 10 YR 1.9411 0.0151 30 YR 3.0736 0.0286 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Building Permits -0.15% Housing Starts -4.09% Construction 1.53% Mortgage Application -1.01% Mortgage Refinance 0.83% Mortgage Purchase -8.41% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Next Step in FHFA REO-to-Rental Initiative Announced

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Feb 27, 2012 3:41PM Next Step in FHFA REO-to-Rental Initiative Announced Investors who have prequalified to purchase lender owned real estate (REO) under a program unveiled February 1 by the Federal Housing Finance Agency (FHFA) were notified on Monday about the next step in the program. FHFA announced that it will soon begin accepting applications from investors to demonstrate their financial capacity, experience, and specific plans for purchasing pools of Fannie Mae foreclosed properties in Atlanta, Chicago, Los Angeles, Phoenix, and parts of Florida . Central to the... Feb 27, 2012 2:53PM Mortgage Rates Begin Week Flat to Slightly Improved Mortgages Rates finished out the previous week in positive fashion, logging three straight days of minor improvements after beginning the week poorly. This week begins on a much calmer note with rates mostly steady compared to Friday and very slightly improved in some cases. The improvements haven't been enough to change the Best-Execution landscape much, if at all. Rather, the gains are more readily seen in the form of slightly lower closing costs for the same rates that prevailed on Friday. Additional... MBS Continue Holding Gains. Treasuries Continue Outperformance Flagstar Bank Reaches FHA Settlement Bank of America Charged with Discrimination Cash-Only Purchases Increasing Among Existing Homeowners MBS RECAP: 2/27/2012 Pending Home Sales Rise to Highest Level Since April 2010-NAR View: Front Page | Headline Viewer Micro News 6:03 PM: FHA to Increase UFMIP to 1.75 for New FHA Loans 1:21 PM: MBS Continue Holding Day's Gains. Positive Reprice Reported 12:07 PM: NY Fed's Quarterly Report on Household Debt and Credit 10:00 AM: ECON: Pending Home Sales Rise 2.0 pct in December 9:46 AM: HUD Charges BofA With Discriminating Against Homebuyers With Disabilities 9:13 AM: Bond Markets Stronger This Morning. MBS Underperforming 3:10 PM: MBS Hit Lows of the Day. Negative Reprice Risk Slightly Increased 10:34 AM: MBS Hold Gains Following Econ Data. Low Volatility »View All Micro News Around the Web Cash Buyers Squeezing Out Traditional Home-Seekers 2500 Government Foreclosures Up for Bulk Sale Federal Reserve Board releases action plans for supervised financial institutions to correct deficiencies in residential mortgage loan servicing and foreclosure processing FHFA Announces Pilot REO Property Sales in Hardest-Hit Areas Contracts To Buy Homes At Nearly 2-Year High U.S. consumers shed debt in Q4 »View More Around the Web Video News Pending Home Sales Rise in January Buffett: Housing to Improve Housing Bottom? Lowe's Beats the Street »View More Video News Today's Comments "Great educational piece!" "Look at the big picture Frank. Don't get stuck in the weeds. This is as good an easy explanation as I have seen. Read it...................Submitted..." "James: Sales pitch is that the 20% down payment gives the perception of an equity position that doesn't correlate with the reality of financing for..." »View More Comments Today's Q&A "How do I transfer ownership of my house to my spouse?" "my name is on the deed but not the mortgage. what are my rights" "i have a reverse mortgage. can i trade holmes with someone else with a reverse mortgage?" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.89 -0.01 15YR 3.24 -0.02 FHA30YR 3.75 0.00 Jumbo30YR 4.13 -0.01 5/1ARM 3.00 -0.02 MBS Quotes 30YR FNMA 3 103-17 0-04 30YR FNMA 4 105-10 0-01 30YR FNMA 4 106-20 0-01 30YR FNMA 5 108-02 0-01 Treasuries 2 YR 0.2892 0.0002 3 YR 0.4039 -0.0001 5 YR 0.8526 0.0066 7 YR 1.3633 0.0073 10 YR 1.9342 0.0082 30 YR 3.0554 0.0104 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Building Permits -0.15% Housing Starts -4.09% Construction 1.53% Mortgage Application -1.01% Mortgage Refinance 0.83% Mortgage Purchase -8.41% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031