MBA Hikes 2012 Origination Forecast by $200 Billion

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings: Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

May 24, 2012 12:55PM MBA Hikes 2012 Origination Forecast by $200 Billion The Mortgage Bankers Association ( MBA ) is projecting that mortgage originations in 2012 will be $200 billion higher than was originally anticipated. Almost all of the increase will be coming from a boom in refinancing, but none of the additional originations are pegged to the Home Affordable Refinance Program (HARP 2.0.) MBA said it now expects that the industry will do 260655.28 trillion in business in 2012, up from 260655.26 trillion in 2011. The new number is an upward revision of $188 billion from... May 24, 2012 1:39PM RMBS Investigators Announce Website, Coordination Team The Residential Mortgage-Backed Securities (RMBS) Working Group unveiled a new website on Thursday to enable "whistleblowers" to report mortgage-backed securities (MBS) related misconduct. The group also announced the creation of a new team to coordinate various securities-related investigations around the country. The Working Group is part of the Financial Fraud Enforcement Task Force ( FFETF ) created in January to address fraud leading to the financial crisis. The group is led by five co-chairs... OIG Recaps October-April Oversight of FHFA Mortgage Rates Higher Today, Still Bouncing Around All-Time Lows MBS RECAP: Settling Into Holiday Weekend Drift Understanding Your Operation is Critical to Profits; Recent Lender/Investor Updates MBS MID-DAY: Leaking Weaker In Lackluster Volume BofA Repurchases $330M from Freddie; Delinquencies Down, Sales Prices Up - What's Going On? AIG Back in Subprime View: Front Page | Headline Viewer Micro News 1:15 PM: MBS Steady Near Their "Least Bad" Levels After 7yr Auction 10:25 AM: MBA Increases Originations Estimate for 2012 by Almost $200 Billion 10:06 AM: Freddie Mac: Mortgage Rates Steady at Historic Lows 9:09 AM: Bond Markets Looking For Support After Opening Slightly Weaker 8:38 AM: ECON: Durable Goods Rise Less Than Expected 8:34 AM: ECON: Jobless Claims Hit Expectations at 370k 4:13 PM: Update on Late Selling Spike 4:02 PM: More Selling At Stock Market Close. Additional Reprice Risk »View All Micro News Around the Web Fake Real Estate Agent Allegedly Bilked Buyers With Open Houses In Foreclosed Homes Bankers belong on Fed boards: KC Fed chief Real estate industry pushes Senate on refi bill Federal Reserve Board releases action plans and engagement letter to correct deficiencies in residential mortgage loan servicing and foreclosure processing NY Fed's Dudley: Conducting Monetary Policy: Rules, Learning and Risk Management Treasuries Remain Lower as 7-Year Auction Sets Record Low Yield »View More Around the Web Video News Santelli's Midday Bond Report Santelli on Regulations Santelli's Morning Bond Update »View More Video News Today's Comments "We are in the Dark Ages of mortgage lending. Appraisals are alchemy, and the underwriting process is the Spanish Inquisition." "Possible? Yes. That's the easy question. The tough question is the one concerning "probable." Harder to know, and I'm not sure anyone..." "The inherent risk of mortgage lending is a consideration that cannot be effectively managed using flat fee principles. Educated consumers matched up with..." »View More Comments Today's Q&A "Any way to adjust a loan to get an EA-1 down to approve/eligible other than reducing LTV?" "Purchase price significantly lower than mortgage?" "Freddie HARP 2.0 refis" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.83 0.01 15YR 3.10 0.01 FHA30YR 3.74 0.01 Jumbo30YR 4.13 0.01 5/1ARM 3.03 -0.01 MBS Quotes 30YR FNMA 3 104-07 -0-06 30YR FNMA 4 106-00 -0-03 30YR FNMA 4 107-01 -0-02 30YR FNMA 5 108-07 -0-05 Treasuries 2 YR 0.3010 0.0080 3 YR 0.4221 0.0191 5 YR 0.7911 0.0581 7 YR 1.1958 0.0418 10 YR 1.7792 0.0462 30 YR 2.8704 0.0544 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. FHFA Home Price 1.78% Existing Home 3.36% Building Permits -7.02% Housing Starts 2.58% Construction 0.10% Mortgage Application 9.18% 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