Wednesday, July 11, 2012

House Holds Another Hearing on Impact of Dodd-Frank Mortgage Requirements

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Jul 11, 2012 3:13PM

House Holds Another Hearing on Impact of Dodd-Frank Mortgage Requirements

The House Financial Services subcommittee on Financial Institutions and Consumer Credit held a hearing on Wednesday entitled " The Impact of Dodd-Frank's Home Mortgage Reforms: Consumer and Market Perspectives ." Scheduled to speak at the hearing were representatives of the National Association of Home Builders (NAHB), the Manufactured Housing Institute (MHI), National Association of Mortgage Brokers, National Consumer Law Center, the Securities Industry and Financial Markets Association (SIFMA)...

Jul 11, 2012 3:31PM

Mortgage Rates Face Afternoon Threats On Unprecedented Fourth Day of All-Time Lows

Mortgage Rates continued lower today, marking the FOURTH consecutive day at new all-time lows. Once again, rates markets continued to benefit from the perennially tense situation in Europe. Considering that we often talk about low Treasury yields indicating that investors are seeking safety from risk, it's interesting to note that Europe's equivalent to our 10yr Treasuries hit all time lows today. The Euro was once again at 2+ year lows. Into the morning hours, today was very much like yesterday...


Micro News

3:26 PM:

Bid Side Dried Up For Production MBS. Another Notch Weaker

3:14 PM:

Some Volatility After the 3pm Treasury Close. Auction, Meets FOMC Disappointment

1:18 PM:

Shower of Sparks as 10's Run The Bases In Slow Motion

12:59 PM:

10yr Auction Preview

11:30 AM:

Strength Overcoming Weakness After Fed Buying, EU Bond Close

10:07 AM:

ECON: Wholesale Inventories As-Expected. Sales Weaker On Oil

9:14 AM:

Bond Market Hovering Near Unchanged Levels In The First Hour

8:39 AM:

ECON: US Trade Deficit $48.68 bln Vs $48.5 bln Consensus

Around the Web

Video News

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Refis Stall Even as Mortgage Rates Fall


Today's Comments

Cathy Milligan

"I think it's a little more consumer friendly but the big question is WHEN WILL BANKS START DISCLOSING THEIR FEES AND YSP'S?"

Charlie Jackson

"While some of the new form I do believe will be better... there is still a lot to improve on. Does the CFPB actually get Mortgage Loan Originator's..."

Bryan/Mortgage Finance Group, Inc.

"Typical bureaucratic response to a non-issue by an unconstitutionally appointed govt. hack."

Today's Q&A

"is it worth to refinance again for 30 years from 4.625% to 3.375%?"

"Selling a second home and taxes? 1031 Exchange?"

"How long should I wait to refinance again?"