Community Lenders want Smaller GSEs Retained in Secondary Market Role

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

Jun 5, 2012 2:46PM Community Lenders want Smaller GSEs Retained in Secondary Market Role The Community Mortgage Lenders of America (CMLA) is urging policy makers to consider retaining the positive aspects of Fannie Mae and Freddie Mac in any future secondary market design. CMLA is asking that a smaller Fannie and Freddie be configured to serve 30-35 percent of the overall secondary mortgage market while being barred from securitizing or investing in anything but plain "vanilla" mortgages. The trade association stated its preferences in a letter to the secretaries of Housing and Urban... Jun 5, 2012 5:18PM FHFA's DeMarco Announces Timothy J. Mayopoulos as Fannie Mae CEO Statement of FHFA Acting Director Edward J. DeMarco On Appointment of Timothy J. Mayopoulos as CEO of Fannie Mae: "I am pleased that the Fannie Mae Board of Directors has selected Timothy J. Mayopoulos to become President and Chief Executive Officer (CEO) of Fannie Mae. Tim brings a breadth of knowledge and experience in housing finance and financial services that is vital at this important time for Fannie Mae and the nation's housing finance system. I look forward to working with him... Mortgage Rates Continue Rising From Historic Lows MBS RECAP: Weaker To Start And Sideways All Day Lender and Regulatory Updates; CMLA White Paper of Future of Secondary Markets; Struggle to Create QM Underwriting Guidelines MBA: Commercial, Multi-Family Delinquencies Fell in First Quarter CoreLogic: Home Prices Increased on Monthly and Annual Basis, Trend to Continue MBS MID-DAY: Grinding Sideways In Weaker Territory View: Front Page | Headline Viewer Micro News 3:06 PM: Post Treasury Close Volatility Creating Minor Reprice Risk 12:50 PM: Limited Follow-Through On Technical Break in 10's. None For MBS 12:05 PM: Nice Technical Breakout In 10's. Hoping It Lasts. So Far So Good 10:12 AM: ECON: ISM Non-Manufacturing Stops 3 Month Slide 9:21 AM: Bond Markets Ratchet Another Notch Weaker Overnight 2:47 PM: 10's Hit Important Technical Level, MBS hit New Lows, More Reprice Risk 1:44 PM: MBS Hit Lows. Negative Reprice Risk Increasing 1:08 PM: No Follow-Through On Rally. Choppier, Riskier, Sideways Again »View All Micro News Around the Web Fannie Mae Taps New CEO From Its Own Ranks Timothy J. Mayopoulos Appointed CEO of Fannie Mae Barclays may recover Lehman-linked assets: ruling Distressing Mortgage Conditions CBO: Massive rise in U.S. debt crashes our economic forecasting model in 2035 Fed's Bullard: Jobless rate doesn't change outlook »View More Around the Web Video News Talking Numbers: Constructive Housing Outlook? Pres. Clinton: Obama's Relationship With Wall Street Trone on U.S. Banks, Executive Compensation »View More Video News Today's Comments "I have to give credit where credit is due, and this program is working remarkably well. Yes, it requires a great deal of effort on the open access side..." "Don--this doesn't surprise you does it? You have written often about the predatory nature of debt dealing in general, but Charlie had an opportunity..." "Without justice where are we? Where is the outrage? Where are the handcuffs and why don't those in the in the industry demand them?? Answer: The fraud..." »View More Comments Today's Q&A "Wells Fargo streamline refinance" "How can I find out if my ex husband has been pre approved to buy our marital home?" "Can spouse business income be used towards FHA downpayment" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.78 0.03 15YR 3.04 0.01 FHA30YR 3.66 0.02 Jumbo30YR 4.08 0.03 5/1ARM 3.03 -0.01 MBS Quotes 30YR FNMA 3 104-27 -0-04 30YR FNMA 4 106-07 -0-01 30YR FNMA 4 107-02 0-00 30YR FNMA 5 108-06 0-01 Treasuries 2 YR 0.2539 -0.0001 3 YR 0.3409 -0.0051 5 YR 0.6841 0.0081 7 YR 1.0459 0.0369 10 YR 1.5727 0.0487 30 YR 2.6412 0.0762 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home -5.54% FHFA Home Price 1.78% Existing Home 3.36% Building Permits -7.02% Housing Starts 2.58% Construction 0.10% 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