Scope of California Homeowner Bill of Rights Narrows; Mortgage Rates All-Time Lows

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Jun 25, 2012 4:42PM Scope of California Homeowner Bill of Rights Narrowed by Recent Negotiations California's proposed Homeowner Bill of Rights , originally proposed by the state's attorney general Kamala Harris and covered here has been modified extensively following what the Center for Responsible Lending (CRL) calls six weeks of intense negotiation with banks, legislators, the attorney general and consumer groups. Among the changes reported by CRL is a narrowed scope for both the loans and servicers covered by the bill. The only loans to which the bill will now apply are first mortgages on... Jun 25, 2012 3:16PM Mortgage Rates Continue Bouncing Along All-Time Lows Mortgage Rates moved lower today as markets largely shied away from risk ahead of this week's meeting of European leaders to discuss the Euro-zone debt crisis. Market participants are skeptical of any major progress and favored the relative safety of bond markets. Increased demand for fixed income securities like Treasuries and Mortgage-Backed-Securities causes prices to rise and rates to fall. Mortgage Rates fell as a result with the Conventional 30yr Fixed Best-Execution Rate at 3.625%. In most... MBS RECAP: Extremely Quiet Trading Day Leaves MBS In The Green Think Tank Measures FHA Progress Old Republic and Foreclosure Legality Updates; CA Homeowner Bill of Rights Nears Vote; Lots of Training and Education News New Home Sales at Highest Point in Two Years MBS MID-DAY: Week Begins Slowly, Steadily, And Holding Gains The Week Ahead: Treasury Auctions, Busier Data Calendar, And EU Summit View: Front Page | Headline Viewer Micro News 1:02 PM: MBS Return To Monthly Highs In Quiet Monday Morning Trading 10:07 AM: ECON: New Home Sales Beat (Or Miss) Consensus 9:15 AM: Bond Markets Open In Stronger Territory Following "Risk-Off" Cues From Europe 2:39 PM: Negative Reprice Risk Picking Up As Leakage Continues 2:02 PM: Overall Market Dynamics Largely Similar To This AM, MBS Hangin' Tough 9:22 AM: Bond Markets Weaker Overnight And This Morning. Data Calendar Empty 4:16 PM: Coasting Out The Door Sideways After Reclaiming Lost Territory 12:39 PM: Positive Reprices Reported as MBS Trudge Resolutely Upward »View All Micro News Around the Web SEC Halts $100 Million Real-Estate Based Ponzi Scheme Citigroup says austerity is working, no such thing as a ?Keynesian Laffer Curve' Bank Of America's Mortgage-Modification Practices Border On 'Unconscionability,' Judges Say Statement of Paul Leonard on Federal Bank Regulators' "Financial Remediation Framework" Detailing Compensation for Borrowers Wronged by Servicers ICBA: Credit Rating Downgrade Highlights Danger of Banking Concentration CRL: New Research: Homeowner Bill of Rights Could Speed Economic Recovery »View More Around the Web Video News `Great Momentum' in U.S. Housing Market, Kelly Says May New Home Sales at 2-Year High Santelli's Midday Bond Report »View More Video News Today's Comments "I think it is hard to make the argument that rates across the board are higher because of government regulation because rates are ...now correct me if..." "The reason disclosures won't solve the problem, is because the problem was and is not with the disclosures, rates or fees. The methods for valuing..." "http://www.consumerfinance.gov/the-bureau/ I agree that educating people regarding financial transactions is a key part of protecting them. It's really..." »View More Comments Today's Q&A "Book value for REO & reserve required - is Fed requirement still $8 to $1" "who offers NINA loans? & What is typical loan-to-value on NINA loans?" "do bank accept condo as collateral for cash loan" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.74 -0.01 15YR 3.00 -0.01 FHA30YR 3.65 -0.02 Jumbo30YR 4.09 -0.02 5/1ARM 3.00 -0.02 MBS Quotes 30YR FNMA 3 105-07 0-10 30YR FNMA 4 106-17 0-07 30YR FNMA 4 107-11 0-03 30YR FNMA 5 108-10 0-02 Treasuries 2 YR 0.2988 -0.0042 3 YR 0.3962 -0.0188 5 YR 0.7058 -0.0482 7 YR 1.0780 -0.0680 10 YR 1.6024 -0.0736 30 YR 2.6750 -0.0860 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -0.83% Mortgage Refinance 0.97% Mortgage Purchase -8.51% Existing Home -1.52% New Home Sales 7.58% Building Permits 7.88% 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