Home Loans Mortgage: Mortgage Rates Improve on Weak Data, Greece Jitters

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Feb 14, 2012 3:06PM

Mortgage Rates Improve on Weak Data, Greece Jitters

Mortgages Rates are somewhat improved today after holding relatively steady to begin the week. In the underlying markets MBS (the "mortgage-backed-securities" that most directly influence mortgage rates) rose to their best levels since last Thursday after today's Retail Sales figures showed slower than expected consumer spending. When MBS prices rise, interest rates fall (although it should be noted this isn't always a linear or immediate relationship, but it is generally true over time). Today's...

Feb 14, 2012 11:15AM

CFPB Designs New Mortgage Statement, Feedback Wanted

The Consumer Financial Protection Bureau ( CFPB ) has rolled out a prototype of a form for mortgage lenders to send to borrowers during each billing cycle to keep those borrowers abreast of crucial information about their loan. The prototype was published on CFPB's blog on Monday and the Bureau is asking for consumer and lender reaction. The new model statement , designed for sending by mail or by electronic transmission, is based on a set of information that lenders are required, under the Dodd...

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Micro News

5:47 PM:	Fed Announces Approval of Capitol One to Acquire ING Bank
4:56 PM:	Freddie Mac: More Than 95 Percent of Refinancing Borrowers Choose Fixed-Rate Mortgages
12:49 PM:	MBS At Highs. Potential Positive Reprices, But Limited by Event Risk
12:04 PM:	Treasury: Geithner Before the Senate Finance Committee on the President's FY2013 Budget
11:55 AM:	NC Bank Commissioner Leaving to Serve as National Monitor of Servicing Settlement
10:59 AM:	Light Day of Origination Helps MBS To Highest Levels Since Thursday
10:05 AM:	ECON: Business Inventories Rise 0.4 pct in December
8:50 AM:	Bond Markets Slightly Improved Following Weaker Retail Sales

»View All Micro News

Around the Web

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Video News

	90 Seconds with Art Cashin: Greece Probably Won't Pull Off Austerity
	BofA Whacked by Citi Downgrade
	Signals from the Credit Markets

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Today's Comments

	"Freddie Relief Open Access so not so Open....anybody else having any issues getting these approved through LP? It seems if your LTV is above 90 and your..."
	"If B of A forecloses on Ben B.'s residence, it just shows that there may be justice, after all. Was it not Mr. Bernanke that precipitated our present..."
	"Holy Cow Frank!! I am impressed. +1"