FHFA Announces Another 10 Basis Point Increase In G-Fees

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Aug 31, 2012 11:23AM FHFA Announces Another 10 Basis Point Increase In G-Fees Fannie Mae and Freddie Mac's guarantee fees (g-fees) on single-family mortgages are about to go up by an average of 10 basis points. The increase was announced by the Federal Housing Finance Agency (FHFA) this morning and will take effect for loans sold for cash on November 1 and for loans exchanged for mortgage-backed securities (MBS) one month later. FHFA said the change to the g-fee pricing is intended to encourage greater participation in the mortgage market by private firms, a goal set in the... Aug 31, 2012 4:36PM MBS RECAP: Rallied and Rallied Some More Following Bernanke, Month-End Buying We've discussed month-end buying in various contexts in the past and one of them is to fill portfolio positions for investment funds that must be balanced with various indexes. In other words, buyers were forced in earlier in order to get to their required Mortgage Rates Move Slightly Lower Ahead Of Three Day Weekend MBS MID-DAY: Volatility Surrounding Bernanke Speech, Followed By Improvements Fannie Mae's Portfolio down 9.9 Percent in July The Day Ahead: After A Sideways Week, Here's The First Chance For A Lead-Off Q2 Mortgage Banking Profits Surge, Highest Since Report Began in 2008 Short Sales Take Growing Share of Distressed Sales View: Front Page | Headline Viewer Micro News 3:24 PM: More Month-End Buying Lined Up After The Treasury Close 12:37 PM: Spain creates bad bank, paves way for rescue funds 12:19 PM: Gains Holding Following Bernanke Speech, Volatility Brought Buyers 10:23 AM: FHFA Announces Another 10bp Increase In G-Fees 10:20 AM: Full Text Of Bernanke's Jackson Hole Speech 10:17 AM: Bond Markets Choppy Following Bernanke's Prepared Remarks 9:51 AM: ECON: Chicago PMI Slightly Lower, But Employment Component Stronger 9:16 AM: Bond Markets Open Weaker, Battling Back To Nearly Unchanged Levels »View All Micro News Around the Web Letter to Regulators on Down Payments (QRM Requirements) E.U. Pushes for Centralized Supervision of Banks Putting Numbers To HAMP's Limited Impact Citibank Settles Borrowers' Home Equity Credit Line Suit Bernanke on The Safe Asset Shortage CFPB: More time for comments on proposed changes to the definition of the finance charge »View More Around the Web Video News Economists Disagree on Bernanke's Policies PIMCO CEO: Bernanke Setting Up for 'More Activism' What Happens After Jackson Hole? »View More Video News Today's Comments "I am all for charity and helping others. But to foreclose on someone and then give it away just seems odd. Hopefully the homes they are giving away were..." "all we have to do is find 1000 more companies like AIG to bailout and we could pay off the national debt." "Well, there should be some consequences if you dump the deficiency on the lender. If you sign a promissory note and did not skip mortgage payments, they..." »View More Comments Today's Q&A "Poll: How do you feel about mobile advertising?:)" "Where you can purchase inexpensive coins?" "if someone signs a quit deed release on property what rights do they have" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.59 -0.03 15YR 2.89 -0.02 FHA30YR 3.48 -0.03 Jumbo30YR 4.15 -0.02 5/1ARM 2.99 -0.01 MBS Quotes 30YR FNMA 3 106-02 0-14 30YR FNMA 4 107-08 0-10 30YR FNMA 4 108-07 0-05 30YR FNMA 5 109-07 0-04 Treasuries 2 YR 0.2264 -0.0316 3 YR 0.2926 -0.0474 5 YR 0.5932 -0.0728 7 YR 1.0012 -0.0798 10 YR 1.5501 -0.0779 30 YR 2.6730 -0.0750 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home 2.42% Mortgage Application -4.29% Mortgage Refinance -5.72% Mortgage Purchase 1.41% S&P/Case Shiller 0.94% New Home Sales 3.62% 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

Q2 Mortgage Banking Profits Surge, Short Sales Take Bigger Share

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Aug 30, 2012 11:50AM Q2 Mortgage Banking Profits Surge, Highest Since Report Began in 2008 Mortgage bankers saw their profits surge during the second quarter of 2012, increasing from 272919,654 on each loan originated in the first quarter of the year to headline,152. The information comes from the Mortgage Bankers Association's (MBA) Quarterly Mortgage Bankers Performance Report which covers data from 305 independent mortgage banks and mortgage subsidiaries of chartered banks. Ninety-five percent of the firms posted pre-tax net financial profits in the second quarter of 2012, compared to 93 percent... Aug 30, 2012 8:35AM Short Sales Take Growing Share of Distressed Sales Foreclosed and pre-foreclosed homes maintained their position as the source of over a fifth of U.S. home sales in the second quarter of 2012. Twenty-three percent of all residential sales during the period were of bank-owned properties (REO) or homes in some stage of foreclosure, up from 22 percent in the first quarter of the year and 19 percent in the second quarter of 2011. RealtyTrac, an Irvine, California firm that tracks foreclosure activity, reported that an additional 14 percent of all sales... Mortgage Rates Recover Most Of Yesterday's Losses Ahead Of Bernanke Speech MBS RECAP: More Sideways! But Heading Into Friday Closer To Highs Commercial, Multi-family Delinquency Rates Remain Elevated MBS MID-DAY: Improvements Stall At Logical Resistance Targets Dodd Frank Diversity Requirements; Updates on TARP and Shadow Inventory The Day Ahead: Still Sideways Ahead Of More Important Events View: Front Page | Headline Viewer Micro News 3:48 PM: Late Day, Light Liquidity. MBS At Lowest Levels Since 9am 2:59 PM: ECB to oversee all euro zone banks - report 1:10 PM: 7yr Auction On The Screws, First Reaction Is No Reaction 9:09 AM: Slightly Stronger To Open, Slightly Stronger After Data 8:48 AM: ECON: Jobless Claims Remain Unchanged At 374k 8:44 AM: ECON: Incomes and Outlays Both Exactly As Expected 2:07 PM: Beige Book Offers No New Insights For Upcoming Fed Meeting 1:14 PM: 5yr Auction Produces Average Stats, And Little Reaction In Bond Markets »View All Micro News Around the Web "Qualified Residential Mortgages" -- the Negative Impact of a Government-Mandated 10 Percent Down Payment ECB's Asmussen: IMF must be involved in conditions for new bond buys Housing Isn't Much Attention In Presidential Campaign So Far Spain Said to Speed EU Bank Bailout on Collateral Limits - Bloomberg Chances of Fed QE3 dims for investors and economists Will Investors Be Jaundiced After Jackson Hole? »View More Around the Web Video News How Foreclosures Are Impacting Voters Buzz Ahead of Bernanke Don't Expect QE3, Watch Europe: Larry McDonald »View More Video News Today's Comments "I am all for charity and helping others. But to foreclose on someone and then give it away just seems odd. Hopefully the homes they are giving away were..." "all we have to do is find 1000 more companies like AIG to bailout and we could pay off the national debt." "Well, there should be some consequences if you dump the deficiency on the lender. If you sign a promissory note and did not skip mortgage payments, they..." »View More Comments Today's Q&A "Poll: How do you feel about mobile advertising?:)" "Where you can purchase inexpensive coins?" "if someone signs a quit deed release on property what rights do they have" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.62 0.00 15YR 2.91 0.00 FHA30YR 3.51 0.00 Jumbo30YR 4.17 0.00 5/1ARM 3.00 0.00 MBS Quotes 30YR FNMA 3 105-21 0-07 30YR FNMA 4 106-31 0-04 30YR FNMA 4 108-03 0-03 30YR FNMA 5 109-04 0-04 Treasuries 2 YR 0.2578 -0.0152 3 YR 0.3404 -0.0216 5 YR 0.6632 -0.0148 7 YR 1.0677 -0.0283 10 YR 1.6250 -0.0270 30 YR 2.7454 -0.0206 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home 2.42% Mortgage Application -4.29% Mortgage Refinance -5.72% Mortgage Purchase 1.41% S&P/Case Shiller 0.94% New Home Sales 3.62% 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

Q2 Outstanding Mortgage Debt Declines, While New Originations Increase

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Aug 29, 2012 4:46PM Q2 Outstanding Mortgage Debt Declines, While New Originations Increase First lien mortgage debt decreased substantially during the second quarter of 2012, bringing overall household indebtedness down by $53 billion compared to the first quarter of 2012. According to its Quarterly Report on Household Debt and Credit , the Federal Reserve Bank of New York said that first mortgage debt declined from $8.2 trillion in the first quarter to $8.1 trillion in the second. At the same time, mortgage originations , measured by the appearance of new mortgages on consumer credit... Aug 29, 2012 4:06PM Settlement Monitor Reports on Progress, Servicer Compliance Joseph A. Smith, Monitor of the National Mortgage Servicing Settlement issued a progress report on Wednesday. Smith, former North Carolina Banking Commissioner, said the interim report was published to inform the public about the nature of the settlement, the steps that have been taken to implement it, and the results to date. Smith is not required to issue his first report to the Federal Court until the second quarter of 2013. The report includes a summary of the material terms of the various judgment... Mortgage Rates Move Quickly Higher After Reaching Recent Lows Yesterday MBS RECAP: Volume And Volatility Increase Mid Week Pending Home Sales Up 2.4%, Reaching a Two Year High Refinance Applications Drop Despite Lower Rates MBS MID-DAY: Persistently Weaker With Or Without Econ Data The Day Ahead: On GDP Day, Beige Book Could Be Dark Horse View: Front Page | Headline Viewer Micro News 2:07 PM: Beige Book Offers No New Insights For Upcoming Fed Meeting 1:14 PM: 5yr Auction Produces Average Stats, And Little Reaction In Bond Markets 11:18 AM: Overall Delinquency Rates Down - NY FED 10:35 AM: Persistently Weaker So Far, Negative Reprice Risk Increasing 10:12 AM: ECON: Pending Home Sales Index Highest Since April 2010 9:11 AM: Bond Markets Struggle With Moderate Weakness After GDP, Merkel 8:40 AM: ECON: GDP Rised 1.7 Percent, As Expected. 3:28 PM: Some Weakness For MBS In Late-Day, Light Liquidity »View All Micro News Around the Web Las Vegas Man Pleads Guilty to Foreclosure Rescue Scam and Theft of Government Funds Nunziata: What Shape Is the Housing Market Really In? Bank of America seeks end to lawsuit tied to AIG case 'Real' Homeownership Rate at Nearly 50-Year Low 80 State Groups Urge Congress To Act Now on Expiring FDIC Coverage Mortgage Settlement Provides More Than $220 Million in Relief to Nearly 3,000 Marylanders »View More Around the Web Video News More Signs of Hope in Housing Beige Book: Economic Activity Continues to Expand NY Fed: Household Debt Cut by $53 Billion in Q2 »View More Video News Today's Comments "I am all for charity and helping others. But to foreclose on someone and then give it away just seems odd. Hopefully the homes they are giving away were..." "all we have to do is find 1000 more companies like AIG to bailout and we could pay off the national debt." "Well, there should be some consequences if you dump the deficiency on the lender. If you sign a promissory note and did not skip mortgage payments, they..." »View More Comments Today's Q&A "I want to pay off my mortgage. " "Escrow account funds disbursement" "Automatic Transfer of Escrow Account" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.62 -0.03 15YR 2.91 -0.03 FHA30YR 3.51 -0.03 Jumbo30YR 4.17 -0.04 5/1ARM 3.00 0.01 MBS Quotes 30YR FNMA 3 105-14 -0-06 30YR FNMA 4 106-27 -0-03 30YR FNMA 4 108-00 -0-01 30YR FNMA 5 109-00 0-01 Treasuries 2 YR 0.2735 0.0055 3 YR 0.3616 0.0026 5 YR 0.6779 -0.0001 7 YR 1.0960 0.0070 10 YR 1.6523 0.0153 30 YR 2.7661 0.0171 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home 2.42% Mortgage Application -4.29% Mortgage Refinance -5.72% Mortgage Purchase 1.41% S&P/Case Shiller 0.94% New Home Sales 3.62% 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