Despite Late Day Weakness, Mortgages Improve On The Week

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Mar 30, 2012 4:12PM MBS RECAP: Calm, Positive Morning Gets Rolled Over By Snowball Selling "Across all operations in the schedule listed below, the Desk plans to purchase approximately $44 billion and sell approximately $43 billion in Treasury securities over the month of April." There were some slight changes in the size of the buybacks.. Mar 30, 2012 3:20PM Mortgage Rates Lower Overall This Week, But Higher Today After improving yesterday, Mortgages Rates moved higher today , falling roughly in line with mid-week offerings depending on the lender . The weakness was abrupt, arriving late in the day, but was not scarcely enough to affect the current Best-Execution 30yr Fixed Conventional Rate of 4.0%. That means the weakness was seen in the form of slightly higher closing costs. Buydowns to 3.875% remain too steep to make sense for most borrowers, and would need to get closer to the buydown that currently exists... Key Factors In Real Estate Agents Recommendations of Mortgage Providers 'Too Big To Fail' Delaying Recovery, Undermining Public Trust The Non-Existent Non-Agency Market and Jumbo Lending LO Comp & The CFPB; FHA & Seller Contributions; Redwood Trust, ewarehouse Chatter MBS MID-DAY: Trading Near Best Levels in Low Volume The Day Ahead: Important Economic Data And Trading Levels View: Front Page | Headline Viewer Micro News 2:21 PM: NY Fed Releases Next Month's Buying Schedule 2:09 PM: You Will See Reprices For The Worse if You Have Not Already 1:43 PM: Negative Reprice Risk Increases as MBS Hit New Lows 1:01 PM: Don't Tune Out Just Yet.... Friday Afternoon Volatility 12:28 PM: Slow and Steady Winning the Race for MBS. Friday Reprices? 10:00 AM: ECON: Consumer Sentiment Stronger Than Expected 9:50 AM: ECON: Chicago Purchasing Managers Index Weaker Than Expected 9:24 AM: Apathy Monster Strikes! Bond Markets Slightly Better. Volume LOW »View All Micro News Around the Web Spain announces ?27 billion deficit-cutting plan 5 Books: Causes of the Financial Crisis Bond Report: Treasurys head to second monthly loss BofA's Merrill Sued by Dexia Over Mortgage Securities - Bloomberg Rates Should Rise in 2013; No More Easing: Fed's Lacker Where Are New-Home Sizes Going? »View More Around the Web Video News Europe Boosting Bailout Fund? Is Spain the New Greece? Weather Creating False Consumer Confidence Data? »View More Video News Today's Comments "Mostly lenders are worried about the saleability of the high LTV/CLTV loans. They are worried that they will be stuck with non-performing loans down the..." "I closed one last week with a $400K 1st, subordinated a $105,000 2nd lien and had an appraisal of $240K. (We require 2055 EXT for all Fannie's) Saved..." "Donald Scott, can you give us a few "for instance" regarding UWM's HARP overlays. Why in the world do lenders/investors need to gummy up..." »View More Comments Today's Q&A "Time of your Closing" "Who Is Responsible for a Mortgage When a Spouse Dies Without a Will?" "Can an inherited foreclosure impact a minor's credit?" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.01 0.02 15YR 3.30 0.02 FHA30YR 3.75 0.00 Jumbo30YR 4.25 0.03 5/1ARM 2.99 -0.02 MBS Quotes 30YR FNMA 3 102-24 -0-06 30YR FNMA 4 104-28 -0-04 30YR FNMA 4 106-12 -0-04 30YR FNMA 5 108-02 -0-03 Treasuries 2 YR 0.3365 -0.0035 3 YR 0.5032 0.0032 5 YR 1.0402 0.0222 7 YR 1.6114 0.0664 10 YR 2.2124 0.0534 30 YR 3.3443 0.0723 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -7.41% Mortgage Refinance -9.26% Mortgage Purchase -1.02% Existing Home -0.86% FHFA Home Price 0.71% S&P/Case Shiller -1.11% 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

Foreclosures Down, Investment Properties Up, FHA Strikes Back

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Mar 29, 2012 10:24AM Foreclosures Down in 61 Major Markets There was a host of encouraging news in the National Foreclosure Report for February released by CoreLogic this morning. Foreclosures, the foreclosure inventory, and the pipeline clearing ratio all posted improving numbers. At the same time the numbers of lender owned properties (REOs) and serious delinquencies were up compared to January figures. There were 65,000 completed foreclosures in February , 1,000 fewer than in January. In February 2011 completed foreclosures numbered 71,000. During the... Mar 29, 2012 11:04AM Investment Home Sales Surged 64.5 Percent in 2011 Sales of investment homes surged by what the National Association of Realtors® (NAR) called " an extraordinary 64.5 percen t" in 2011, soaring from 749,000 the previous year to 1.23 million. NAR said these sales coupled with the sales of vacation homes brought the market share of non-primary residence properties to the highest level since 2005. According to NAR's 2012 Investment and Vacation Home Buyers Survey released this morning, vacation home sales were also up for the yea r, rising 7.0 percent... Galante Addresses Concerns, Myths about FHA Best Mortgage Rates in Two Weeks Present Opportunity MBS RECAP: More Gains, Still Stymied By Resistance NY Settlement Funds will assist in Foreclosure Prevention Actions. MBS MID-DAY: Improved After Data, Holding Pattern Until Auction Redwood's Non-Agency Security; Plethora of Lender & MI Updates View: Front Page | Headline Viewer Micro News 3:59 PM: HUD Withdraws FHA Approval For 'AmericaHomeKey' 1:16 PM: 7yr Auction Only So-So... Initial Reaction is Positive Nonetheless 1:00 PM: Fed's Plosser Out Early, Moving Markets Ahead of Auction 12:53 PM: 7 Yr Treasury Note Auction Preview 10:08 AM: PMMS: 30-Year Fixed-Rate Mortgage Dips Back Below 4.00 Percent 9:01 AM: Bond Markets Flat Overnight, But Much Improved Following Data 8:41 AM: ECON: GDP Rises 3.0 Percent As Expected 8:36 AM: ECON: Claims Miss Estimate; BIG Revisions Higher Last Week »View All Micro News Around the Web Bernanke Says Pace of Recovery Has Been 'Extremely Sluggish' - Bloomberg Deutsche Bank Unit Sued Over Mortgage Repurchase Claims - Bloomberg Plosser Says Fed May Need to Raise Rates Before End of 2014 - Bloomberg Senate Banking panel backs Obama's Fed nominees EuroZone to "increase" bail out fund to E940bn TransUnion Payment Hierarchy Study Finds Consumers Paying Auto Loans Before Credit Cards and Mortgages »View More Around the Web Video News America's Housing Shift Jefferies' Zervos on Fed Policy Santelli's Morning Bond Report »View More Video News Today's Comments "Mostly lenders are worried about the saleability of the high LTV/CLTV loans. They are worried that they will be stuck with non-performing loans down the..." "I closed one last week with a $400K 1st, subordinated a $105,000 2nd lien and had an appraisal of $240K. (We require 2055 EXT for all Fannie's) Saved..." "Donald Scott, can you give us a few "for instance" regarding UWM's HARP overlays. Why in the world do lenders/investors need to gummy up..." »View More Comments Today's Q&A "Time of your Closing" "Who Is Responsible for a Mortgage When a Spouse Dies Without a Will?" "Can an inherited foreclosure impact a minor's credit?" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.99 -0.02 15YR 3.28 -0.01 FHA30YR 3.75 0.00 Jumbo30YR 4.22 -0.01 5/1ARM 3.01 0.01 MBS Quotes 30YR FNMA 3 102-31 0-10 30YR FNMA 4 105-01 0-07 30YR FNMA 4 106-17 0-05 30YR FNMA 5 108-04 0-02 Treasuries 2 YR 0.3365 -0.0075 3 YR 0.4975 -0.0155 5 YR 1.0129 -0.0241 7 YR 1.5422 -0.0438 10 YR 2.1552 -0.0458 30 YR 3.2664 -0.0426 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -7.41% Mortgage Refinance -9.26% Mortgage Purchase -1.02% Existing Home -0.86% FHFA Home Price 0.71% S&P/Case Shiller -1.11% 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

Late Day Losses For MBS, Potential Volatility Ahead

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Mar 28, 2012 2:43PM Mortgage Rates Move Sideways Again! Potential Volatility Ahead Mortgages Rates broke a sideways streak to move lower yesterday, but are right back to their 'sideways ways' today! This keeps the Conventional 30yr Fixed Best-Execution Rate at 4.0%, although 3.875% quotes are viable, even if they don't necessarily constitute the most efficient combination of closing costs and payment for most scenarios. This raises an interesting point regarding "efficiency." What is the "most efficient combination" of closing costs and payment? Ultimately that will depend on several... Mar 28, 2012 4:19PM MBS RECAP: Liquidity Dries Up Late, MBS Down But Not Out The most recent uptick in 10yr yields, despite occurring in "almost not enough to care" volume, broke the previously supportive ceiling for the afternoon, shifting the tone of the afternoon from "ground-holding" to something slightly less optimistic. Mortgage Application Volume Down for Sixth Week Nearly Half of Modified Mortgages Current According to The OCC MERS Wins Two Michigan Suits NY Fed Provides New Delinquency and Foreclosure Data Tool MBS MID-DAY: Rallying Ahead Of 5yr Note Auction Mortgage Ops Jobs; HARP Pricing; Property Inspection Waiver Considerations View: Front Page | Headline Viewer Micro News 3:41 PM: Support Breaking Down in Light Volume, Additional Reprice Risk 1:27 PM: Freddie Mac March Economic and Housing Market Outlook 1:10 PM: Bond Markets Pare Some Gains Following 5 Yr Note Auction 12:35 PM: 5yr Auction Preview 11:57 AM: BofA CEO Strikes Optimistic Tone on Mortgage Exposure 10:58 AM: MBS Turn Green On The Day As Stocks Slide 9:25 AM: Bond Markets Open Weaker, but Improve After Durables Data 8:36 AM: ECON: Durable Goods Rise, But Fall Short of Expectations »View All Micro News Around the Web Real Estate News: The Most Expensive Real Estate in the World Greece must tackle job cut taboo to escape crisis: IMF Private Lenders Forgive Home Debt as US Lenders Balk - Bloomberg Video: CNBC Exclusive Interview with David Blitzer on U.S. Home Prices for January Is the Refinancing Boom Finally Ending? Is QE3 Coming? »View More Around the Web Video News Santelli's Morning Bond Report Underwater Mortgages in U.S. States Americans Hopeful About Housing? »View More Video News Today's Comments "Mostly lenders are worried about the saleability of the high LTV/CLTV loans. They are worried that they will be stuck with non-performing loans down the..." "I closed one last week with a $400K 1st, subordinated a $105,000 2nd lien and had an appraisal of $240K. (We require 2055 EXT for all Fannie's) Saved..." "Donald Scott, can you give us a few "for instance" regarding UWM's HARP overlays. Why in the world do lenders/investors need to gummy up..." »View More Comments Today's Q&A "Who Is Responsible for a Mortgage When a Spouse Dies Without a Will?" "Can an inherited foreclosure impact a minor's credit?" "HARP Refi or Bust - PNC Mortgage" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.01 0.00 15YR 3.29 0.00 FHA30YR 3.75 0.00 Jumbo30YR 4.23 -0.01 5/1ARM 3.00 0.01 MBS Quotes 30YR FNMA 3 102-21 -0-07 30YR FNMA 4 104-26 -0-04 30YR FNMA 4 106-12 -0-01 30YR FNMA 5 108-02 0-01 Treasuries 2 YR 0.3444 0.0214 3 YR 0.5134 0.0164 5 YR 1.0366 0.0166 7 YR 1.5855 0.0125 10 YR 2.2014 0.0144 30 YR 3.3085 0.0085 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -7.41% Mortgage Refinance -9.26% Mortgage Purchase -1.02% Existing Home -0.86% FHFA Home Price 0.71% S&P/Case Shiller -1.11% 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