Mortgage Rates Edge Down To NEW All-Time Lows; Appraisal Regulation

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Jun 28, 2012 2:43PM Mortgage Rates Edge Down To NEW All-Time Lows Mortgage Rates moved slightly lower today but it was enough to officially hit new all-time lows. Some perspective is in order though. Certain lenders' rates are unchanged on the day, and some are even slightly higher, but the average moved lower. Even then, the actual INTEREST RATE would be the same as it was yesterday. The improvements from yesterday were seen in the form of lower borrowing costs for those same rates. Bottom line: Best-Execution remained at 3.625%, but just got a bit more affordable... Jun 28, 2012 12:27PM Congress Hears Different Views on Appraisal Regulation Among those testifying at a hearing of the House Committee on Financial Oversight's subcommittee on Insurance, Housing, and Community Opportunity were William B. Shear , director, Financial Markets and Community Investment, Government Accountability Office (GAO) and Sara W. Stephens, president of the Appraisal Institute. Shear restated GAO's earlier recommendations that federal regulators set minimum standards for registering Appraisal Management Companies (AMC) before a hearing on Thursday while... OCC Notes Fewer Banks Tightening Underwriting Standards MBS RECAP: Bond Markets To Any Lurking Guidance Givers: "Your Move!" OIG Finds FHLBanks Corrected Foreign Credit Exposure, more Supervision Needed The CFPB and Reverse Mortgages; It Takes Time and Money to Monitor Counterparty Risk MBS MID-DAY: Better Volume, Limited Volatility, Stronger Territory OCC: Mortgage Performance Best Since 2008 View: Front Page | Headline Viewer Micro News 1:16 PM: Another Dismal Treasury Auction Shrugged Off By Bond Markets 10:31 AM: Bond Markets At Best Levels Following Healthcare Ruling 10:03 AM: Freddie Mac: Fixed Mortgage Rates Match All-Time Record Lows 8:55 AM: Bond Markets Continue In Moderately Stronger Territory After Data 8:41 AM: ECON: Jobless Claims Fell To 386k, In Line With Consensus 8:36 AM: ECON: Final Q1 GDP +1.9%, As Expected 2:04 PM: Positive Shifts In Reprice Risk As MBS Hit Highs 1:13 PM: Ugly Five Year Auction Putting ALMOST Noticeable Pressure On MBS »View All Micro News Around the Web After Foreclosure, ?Octomom' Still Believes in Homeownership Exclusive: AIG to resume external use of brand name Ron Pasch Named Deputy Comptroller for International Banking Supervision Federal Reserve Board and Treasury Department agree to reduce credit protection Treasury is providing for the Term Asset-Backed Securities Loan Facility Federal Reserve Board issues enforcement action with Village Bank and Trust Financial Corp OCC Survey: Showed Banks' Underwriting Standards Largely Unchanged »View More Around the Web Video News Santelli to Conservatives: 'Take this Decision with Respect' Santelli's Morning Bond Update Merkel, Roubini, Maughan Own Words on Euro Bonds »View More Video News Today's Comments "Now all we need is for this to happen about 100 more times, and have agents, developers, title companies, and builders involved be prosecuted as well...." "I hear more about money at home in the safe that one ever should....must be something in the water around here but seems like everybody has a few thousand..." "Hi Rob You state "Despite rates remaining near all-time lows, conventional refinance application volume declined, and the HARP share of refinance..." »View More Comments Today's Q&A "Buying a new home 30 days after refiancing current primary residence" "Purchasing another home as primary residence after refinancing on current primary residence" "What if you have signed a contract and the house goes into short sale? What happens?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.72 -0.03 15YR 2.99 -0.02 FHA30YR 3.64 -0.02 Jumbo30YR 4.10 -0.02 5/1ARM 2.97 -0.01 MBS Quotes 30YR FNMA 3 105-11 0-07 30YR FNMA 4 106-18 0-05 30YR FNMA 4 107-12 0-03 30YR FNMA 5 108-10 0-02 Treasuries 2 YR 0.3050 -0.0040 3 YR 0.3989 -0.0081 5 YR 0.6926 -0.0244 7 YR 1.0452 -0.0398 10 YR 1.5819 -0.0391 30 YR 2.6801 -0.0129 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. S&P/Case Shiller 1.28% Mortgage Application -0.83% Mortgage Refinance 0.97% Mortgage Purchase -8.51% Existing Home -1.52% New Home Sales 7.58% 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

Mortgage Performance Best Since 2008; Suspicious Mortgage Activity Report

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Jun 27, 2012 2:04PM OCC: Mortgage Performance Best Since 2008 Mortgage performance during the first quarter of 2012 was the best in three years according to the Office of Comptroller of the Currency's (OCC's) Mortgage Metrics Report . Percentages of mortgages that were 30 to 59 and 60 to 89 days delinquent were at the lowest level since at least the first quarter of 2008 when Metrics was first published. The percentage of mortgages current and performing at the end of the quarter was 88.9 percent up 1.1 percent from the previous quarter and 0.3 percent from... Jun 27, 2012 2:43PM Mortgage Rates Flat To Modestly Higher, Long Term Sideways Trends Intact Mortgage Rates moved slightly higher today but remained well within a narrow range resting on all-time lows. Several lenders were actually unchanged day-over-day and others released improved rate sheets in the afternoon following strength in the secondary mortgage market. Best Execution for Conventional 30yr Fixed Loans remains at 3.625%. (Read More: What is A Best-Execution Mortgage Rate? ) The bond markets that underlie mortgage rates have essentially refused to move too far in one direction or... First Horizon's Buybacks; Buyback Legal Chatter; Basel III and Construction Loans; Congress Snubs Small Business? MBS RECAP: Supportive Sideways Slide Gives Way To Afternoon Gains Mortgage Suspicious Activy Reports (SARs) Continue to Emerge from Pre-2008 Loans Pending Home Sales Rise; NAR Sees Tight Inventory Leading to Price Increases MBS MID-DAY: Rain, Nor Sleet, Nor Upbeat Data Can Stop The Sideways Mortgage Apps Pull Back From Multi-Year Highs View: Front Page | Headline Viewer Micro News 2:04 PM: Positive Shifts In Reprice Risk As MBS Hit Highs 1:13 PM: Ugly Five Year Auction Putting ALMOST Noticeable Pressure On MBS 10:05 AM: Pending Home Sales Reach Highest Level Since Home Buyer Tax Credit Rush 9:36 AM: Bond Markets Ridiculously Range-Bound Overnight; Near Unchanged Now 8:34 AM: ECON: Durable Goods +1.1 vs +0.4 Consensus 3:15 PM: Post-Treasury Close Volatility Working Against MBS For Now 2:21 PM: Slightly Increased Risks Of Negative Reprices, But Narrow Range Helps 12:28 PM: Volatility Working Both Ways. MBS Lose Half Their Gains »View All Micro News Around the Web Seniors Scammed As Reverse Mortgage Foreclosures On The Rise Evans Says Fed Needs to Do More Than Operation Twist ?Move your money' threatens big banks in 2012 CRL: Expanding Refinances Could Save Billions for Homeowners Government-Backed Loans Went to 6,300 Delinquent Taxpayers More Homeowners Get Mortgage Principal Reduced, but Numbers Still Small »View More Around the Web Video News Banks: Lessons Not Learned? Santelli: Europe, Holy Grail or Fail? Davide Serra on Bank Executive Compensation, Rules »View More Video News Today's Comments "Now all we need is for this to happen about 100 more times, and have agents, developers, title companies, and builders involved be prosecuted as well...." "I hear more about money at home in the safe that one ever should....must be something in the water around here but seems like everybody has a few thousand..." "Hi Rob You state "Despite rates remaining near all-time lows, conventional refinance application volume declined, and the HARP share of refinance..." »View More Comments Today's Q&A "Who offers Non-recourse loans" "Loan Refinance Not Funded Because Comps Too Far Away" "If a Co-Signer dies before the end of the loan?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.75 0.01 15YR 3.01 0.01 FHA30YR 3.66 0.01 Jumbo30YR 4.12 0.02 5/1ARM 2.98 -0.01 MBS Quotes 30YR FNMA 3 105-04 0-03 30YR FNMA 4 106-13 0-01 30YR FNMA 4 107-09 0-02 30YR FNMA 5 108-08 0-01 Treasuries 2 YR 0.3090 -0.0020 3 YR 0.4068 -0.0032 5 YR 0.7172 -0.0078 7 YR 1.0850 -0.0120 10 YR 1.6211 -0.0069 30 YR 2.6933 -0.0067 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. S&P/Case Shiller 1.28% Mortgage Application -0.83% Mortgage Refinance 0.97% Mortgage Purchase -8.51% Existing Home -1.52% New Home Sales 7.58% 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

Who Really Benefits from the Mortgage Interest Deduction?

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Jun 26, 2012 2:20PM Who Really Benefits from the Mortgage Interest Deduction? A recent article in Public Finance Review reports on a study of the impact of the federal mortgage interest deduction (MID) not on homebuyer behavior, but rather on interest rates. The study, conducted by Andrew Hanson of the Department of Economics, Georgia State University, found that it may be mortgage lenders rather than homeowners who are benefitting from the perk. Hanson says that the MID is the largest housing-related subsidy in the federal budget. The Office of Management and Budget estimates... Jun 26, 2012 8:54AM FHA Streamlines and The False Claims Act - 3x Damages? Conference Call on Basel III for Small Banks President Obama just played his 100th round of golf since being elected President. In 4 years he has gone through more white tees than the cast of Jersey Shore. I am not a golfer, but many in the business are, and people are most focused on a) whether or not the nation is going to nearly shut down for an entire week, next week, given the middle-of-the-week 4 th holiday, and b) making sure locked pipelines are closing . Will lenders close those pipelines and meet delivery timelines for trades? Were... Mortgage Rates Steady At All Time Lows Florida Loan Officer Sentenced in FHA Fraud Case MBS MID-DAY: On-Again Off-Again Morning Leads To Greener Pastures Case-Shiller: Seven Months of Price Declines Comes to an End The Day Ahead: Additional Guidance For The General Malaise Keeping Yields Low Scope of California Homeowner Bill of Rights Narrowed by Recent Negotiations View: Front Page | Headline Viewer Micro News 3:15 PM: Post-Treasury Close Volatility Working Against MBS For Now 2:21 PM: Slightly Increased Risks Of Negative Reprices, But Narrow Range Helps 12:28 PM: Volatility Working Both Ways. MBS Lose Half Their Gains 10:17 AM: Losses Moderate As Expected Following Weak Confidence Report 10:09 AM: ECON: Consumer Confidence Lowest Since January 9:54 AM: Decent Stock Market Open and Low Volume Pushing MBS Lower 9:15 AM: Bond Markets Back To Weakest Overnight Levels After First Econ Data 9:06 AM: ECON: Case Shiller Home Prices Rise More Than Expected »View All Micro News Around the Web Fed's "Operation Twist" has only minor effects: Fisher Arrests Made in Global Sting Operation Targetting Bank Data Theft GAO: Veteran Homelessness - VA and HUD Are Working to Improve Data on Supportive Housing Program Why China Is in the Business of Building America's Houses FICO: US Housing, Where do we Stand? Why the Housing Cycle Is Bullish for the Buck »View More Around the Web Video News Egan-Jones Downgrading Germany's Credit Rating Shiller Says Don't Buy a House Just for Investment Santelli's Morning Bond Update »View More Video News Today's Comments "Now all we need is for this to happen about 100 more times, and have agents, developers, title companies, and builders involved be prosecuted as well...." "I hear more about money at home in the safe that one ever should....must be something in the water around here but seems like everybody has a few thousand..." "Hi Rob You state "Despite rates remaining near all-time lows, conventional refinance application volume declined, and the HARP share of refinance..." »View More Comments Today's Q&A "If a Co-Signer dies before the end of the loan?" "Who do I call?" "Why are refinancing options if home value is lower than the outstanding mortgage" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.74 0.00 15YR 3.00 0.00 FHA30YR 3.65 0.00 Jumbo30YR 4.10 0.01 5/1ARM 2.99 -0.01 MBS Quotes 30YR FNMA 3 105-00 -0-06 30YR FNMA 4 106-12 -0-05 30YR FNMA 4 107-07 -0-04 30YR FNMA 5 108-06 -0-03 Treasuries 2 YR 0.3111 0.0121 3 YR 0.4095 0.0135 5 YR 0.7301 0.0231 7 YR 1.1038 0.0258 10 YR 1.6348 0.0308 30 YR 2.7088 0.0318 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. S&P/Case Shiller 1.28% Mortgage Application -0.83% Mortgage Refinance 0.97% Mortgage Purchase -8.51% Existing Home -1.52% New Home Sales 7.58% 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