CFPB's New Forms; "Fruit Flies" and "Zombies"; MBS at All Time Highs

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Jul 9, 2012 3:30PM CFPB Unveils New Loan Estimate and Disclosure Forms The Consumer Financial Protection Bureau ( CFPB ) is rolling out two new mortgage disclosure forms for review and comment. The forms, one a loan estimate and the other a closing disclosure, are intended, in the words of CFPB, to help consumers make informed decisions when shopping for a mortgage and avoid costly surprises at the closing table. The forms are part of a new rule that CFPB is also proposing today that expands protections for high-cost mortgage loans. The forms, part of the CFPB's Know... Jul 9, 2012 11:06AM NAR: Industry Filled with "Fruit Flies" and "Zombies"; Stresses Need for Simplicity in Changing Markets The National Association of Realtors® ( NAR ) Strategic Issues Workgroup held a series of structured discussions last February with brokers, sales associations, real estate consultants, economists, and technology experts and asked them two questions: What do you see as the future of real estate over the next few years? What will be the major changes in the real estate business ahead? From the responses NAR has issued a report titled Simplify! Real Estate Trends in a Time of Uncertainty . The... MBS RECAP: Uneventful Session Deposits MBS At All-Tim Highs Mortgage Rates Move Deeper Into All-Time Lows To Begin The Week Americans More Upbeat about Housing than Overall Economy HOPE NOW Reports 63K Modifications, 38K Short Sales in May MBS MID-DAY: Slow Morning, Narrow Range, But Holding Modest Gains Reg Z and QRM Comment Period Ends Today; It's a CFPB World - Including Non-banks! Blackstone as a Landlord View: Front Page | Headline Viewer Micro News 3:15 PM: ECON: Consumer Credit Rises Faster Than Expected In May 12:08 PM: MBS Testing New All-Time Highs After Comments From Fed's Williams 9:16 AM: Bond Markets In Stronger Territory, MBS Underperforming Treasuries 11:44 AM: Getting To Be About That Time (For Positive Reprice Potential) 9:04 AM: Bond Markets Little Changed Overnight, Rallying Now On NFP 8:39 AM: ECON: Non-Farm Payrolls Fall Slightly Short Of Consensus 1:01 PM: Steady At Stronger Levels Despite Stock Market Bounce 10:04 AM: ECON: ISM Non-Manufacturing Weaker Than Expected, Employment Stronger »View All Micro News Around the Web As Foreclosures Ramp Up, New Roadblocks Ahead Know Before You Owe: Introducing our proposed mortgage disclosure forms William H. McDavid Named General Counsel Of Freddie Mac Libor Unveiled a London 'Cesspit,' Bank of England's Tucker Says - Bloomberg Consumer Credit in US Jumped by $17.1 Billion in May, Fed Says - Bloomberg Low Housing Inventory Is NOT A Sign of Housing Recovery »View More Around the Web Video News 90 Seconds with Art Cashin: 'This Could Be a Volatile Week' Pre-Market Report: What You Need to Know Roubini Says 2013 `Storm' May Surpass 2008 Crisis »View More Video News Today's Comments "You mean $17,000 per year in payment reductions, correct? Good work, I have had similar stories of difficult files. I appreciate how you focus on helping..." "Bravo, Frank! Success stories like these, I believe, is what drives us to do what we do. Priceless!" "Great stories and great words. Keep up the good fight." »View More Comments Today's Q&A "Can I get a mortgage thru LLC" "Sale /Transfer of Mortgage Loan" "how credit scores affected" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.66 -0.02 15YR 2.94 -0.03 FHA30YR 3.55 -0.04 Jumbo30YR 4.06 -0.02 5/1ARM 2.97 -0.01 MBS Quotes 30YR FNMA 3 105-29 0-06 30YR FNMA 4 107-00 0-03 30YR FNMA 4 107-28 0-06 30YR FNMA 5 108-18 0-04 Treasuries 2 YR 0.2659 -0.0081 3 YR 0.3509 -0.0081 5 YR 0.6253 -0.0197 7 YR 0.9814 -0.0306 10 YR 1.5134 -0.0356 30 YR 2.6224 -0.0406 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -7.05% Mortgage Refinance -8.31% Mortgage Purchase -1.44% S&P/Case Shiller 1.28% 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