Wells Market Share Target and Streamline Change; CFPB's View of Mortgage Brokers; The MBA and 203(k)'s

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Jun 13, 2012 12:32PM Wells' Market Share Target and Streamline Change; CFPB's View of Mortgage Brokers; The MBA and 203(k)'s Industry experts believe that one of the several reasons Countrywide fell was because of their quest for market share for its own sake, rather than have quality and service drive the market share. Conversely, Wells' market share seems to have come about through "always being there" with steady products, pricing, and service - until now? It seems like some portion of Wells Fargo's management or retail personnel is now shooting for market share . Although I doubt if this is the "official" company goal... Jun 13, 2012 3:29PM FHFA Sends Annual Report to Congress on GSEs, FHLBanks As required under the Housing and Economic Recovery Act (HERA), the director of The Federal Housing Finance Agency (FHFA) submitted the agency's annual Report to Congress on the two government sponsored enterprises (GSEs) for which it is responsible and for the Federal Home Loan Banking System (FHLBanks.) In addition to a lengthy recounting of the performance of the regulated entities during the course of 2011, FHFA also provided an assessment on their safety and soundness including information on... MBS RECAP: MBS RECAP: Big Volume Rally For Treasuries, MBS Lag Mortgage Rates Struggle To Hold Their Ground Ahead Of Important Events NAHB Says Improving Markets Fragile, Shift through Small Changes MBS MID-DAY: Range-Bound And Off The Lows Ahead Of 10yr Auction Applications for Refis, Purchases Surge to Highest Point in 3 Years The Day Ahead: Economic Data And Treasury Auction Cycle Ramp Up Quickly View: Front Page | Headline Viewer Micro News 3:35 PM: MBS Reluctantly Improved As Stocks Sell-Off 1:22 PM: Strong 10yr Auction Improves MBS Outlook Into The Afternoon 9:31 AM: Bond Markets Battle Back Into The Green After AM Data 8:41 AM: ECON: Producer Prices Falling Faster, but Core Unchanged 8:37 AM: ECON: Retail Sales In Line With Expectations, Excluding Autos Much Weaker 3:06 PM: MBS Trying To Hold Ground After Earlier Scare, Some Damage Done 2:33 PM: Potential Negative Reprices (EARLY Warning) 1:26 PM: Weak 3-Year Auction Spooks Longer-Dated Treasuries, Or Does It? »View All Micro News Around the Web Geithner: EU Committed to Hold Euro Zone Together Banks fail to peg bonuses to performance: G20 body Private Equity Has Too Much Money to Spend on Foreclosed Homes NHC proposes interim stabilization for multifamily mortgage finance DataQuick: Southern California Home Sales NY Fed's Loan to AIG Bailout Fund to Be Repaid, Wintrob Says - Bloomberg »View More Around the Web Video News New Home for Investors? Dimon: TARP 'Forced Upon Us' Santelli's Midday Bond Report »View More Video News Today's Comments "If there is a "genius" like Alan Greenspan running around 30 years from now trying to convince everyone that "housing values will not go..." "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..." »View More Comments Today's Q&A "llowing monthly payment on mortgage" "No communication from mortgage broker" "note owned by fannie but town changed address-not being recognized at lookup" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.78 -0.01 15YR 3.05 0.00 FHA30YR 3.72 0.02 Jumbo30YR 4.12 0.02 5/1ARM 3.04 0.02 MBS Quotes 30YR FNMA 3 104-28 0-07 30YR FNMA 4 106-09 0-04 30YR FNMA 4 107-07 0-02 30YR FNMA 5 108-09 0-01 Treasuries 2 YR 0.2940 0.0000 3 YR 0.3960 -0.0110 5 YR 0.7069 -0.0371 7 YR 1.0596 -0.0604 10 YR 1.5995 -0.0645 30 YR 2.7157 -0.0543 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application 17.97% Mortgage Refinance 19.17% Mortgage Purchase 12.84% Pending Home -5.54% FHFA Home Price 1.78% Existing Home 3.36% 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