Tuesday, May 15, 2012

FHFA Outlines Four Year Strategic Plan; Mortgage Rates Steady At All Time Lows

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May 15, 2012 10:57AM

FHFA Outlines Strategic Plan, Goals for Next Four Years

The Federal Housing Finance Agency released a draft of its Strategic Plan : Fiscal Years 2013-2017 this morning. The document, which lays out goals for those years and methods for achieving them, is available for public comment until June 13. In the time available for reviewing the document in juxtaposition with the final Strategic Plan for 2009 - 2013 is was not possible, especially given the different formats, to pick out differences and changes that might reflect a change in policy rather than...

May 15, 2012 4:53PM

Mortgage Rates Hold Steady At All Time Lows

Mortgage Rates paused their recent trend of moderate improvement today to hold steady near all-time lows. Despite an abundance of domestic economic data out this morning, r ates continue to be indirectly fueled by political and economic turmoil in the Euro-zone. After failing to form a new government, Greece today announced it would hold new elections. Investors fear that those left in power will lead Greece to back-out of the austerity pledges required by the EU and IMF for recent bailout monies...


Micro News

3:40 PM:

MBS Hit New Record Highs as TSY Yields and Stocks Hit Lows

10:10 AM:

ECON: Business Inventories +0.3 vs +0.4 Consensus

10:05 AM:

ECON: Builder Confidence Rises Five Points in May-NAHB

10:00 AM:

NAR: Housing Affordability Indices Reach Records in First Quarter

9:59 AM:

MBA: Q1 2012 Commercial/Multifamily Mortgage Originations Up 36% from Q1 2011

9:48 AM:

FED-SPEAK: Duke on Housing Recovery

9:38 AM:

Weaker on Data, Stronger on Greece, Bond Markets Near Unchanged

9:06 AM:

ECON: Foreign Accounts Bought More Long-Term US Debt in March-TIC

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Today's Comments

Dan  Frio

"LO compensation. Who is actually effected with any new legislation. The big banks and mortgage bankers do business as usual. They charge what they want..."

Dan  Frio

"The thing that caught my attention was the closing costs. $3000????? My clients pay on average $700 in closing costs. I receive hundreds of calls from..."

Dustin Brumley - Mortgages in Bellingham, Wa

"Page 9 specifically says the borrowers 'May" pay an origination fee, and in parenthesis specifically establishes that this is outside of the lender..."

Today's Q&A

"I can't refi my PMI company is in receivership how can I get out of it???????"

"If a seller has accepted an offer on a short sale, can another higher offerr be accepted?"

"Mortgage Lender Convert to Bank"