Changes in Correspondent Lending Landscape; Stats Show Very Slow Return of Borrowers that Default

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Oct 31, 2012 12:23PM Changes in Correspondent Lending Landscape; Stats Show Very Slow Return of Borrowers that Default With our without the storm damage, here in the U.S. there are 41 million potential trick-or-treaters (children age 5 to 14; see joke at bottom) across the United States. And they can be ringing doorbells or throwing toilet paper rolls at 115 million occupied housing units across the nation in 2011 - thanks to the Census Bureau for those numbers. My wife said, "I think we should do something really scary for the kids this Halloween." I said, "We could take them to your mother's." Some think the future... Oct 31, 2012 12:39PM GSEs, Mortgage Insurers Delegate Short Sale Authority to Servicers to Ease Process Agreements were announced on Wednesday with nine private insurance carriers that will make foreclosure alternatives much quicker and easier for some Freddie Mac and Fannie Mae (the GSEs) borrowers to obtain. Servicers will no longer have to seek approval of private mortgage insurance (PMI) companies when borrowers with mortgages owned or guaranteed by either GSE and carrying PMI seek a short sale or permission to grant a deed in lieu of foreclosure. The agreements, which become effective on November... CFPB Reminds Homeowners to be Aware of Loan Scams After a Natural Disaster Mortgage Rates Hold Steady In Spite Of Improved Market Conditions 57,000 Foreclosures Completed in September; Down Nearly a Third from Last Year MBS MID-DAY: Some Volatility, But Reassuringly Positive Refinancing Applications Fall as Rates Rise The Day Ahead: Bond Markets Back Online but Not Business as Usual View: Front Page | Headline Viewer Micro News 2:54 PM: Highest Levels In More Than Two Weeks. Positive Reprices? 10:07 AM: ECON: Chicago PMI Misses Estimates Slightly, Employment Lower 9:59 AM: Moderately Weaker Overnight, Bond Markets Improve Into Domestic Hours 8:40 AM: ECON: Employment Costs Rise Slightly Slower Than Expected 3:37 PM: SIFMA Recommends Open Market on October 31 9:12 AM: ECON: Home Prices Continued To Rise In August 2012 - Case Shiller 11:37 AM: NY Fed Cancels MBS/Treasury Operations For Tuesday 9:08 AM: Bond Markets In Better Territory To Begin Shortened Session »View All Micro News Around the Web Shiller: Housing Market Could Take 50 Years to Fully Recover Citi banking site briefly down, bank declines to discuss cause Fed Says Banks Saw Rising Demand for Auto and Real-Estate Loans Originations: Mortgage & Insurance Help Post Hurricane Sandy HUD: Rebuilding after Hurricane Sandy Freddie Mac: Loan Prospector November 18 Release »View More Around the Web Video News Shiller: Housing Recovery Could Take a While Shuttered Banks Slowly Coming Back Real Estate Magnate Assesses NYC Damage »View More Video News Today's Comments "I try to attend most closings and went to 3 last week. My frustration with the industry is a bit less with the guidelines and more with the increased fees..." "Frank: Great article! I attend about 90% of my closings and title agents and realtors are always surprised when the mortgage broker shows up! You have..." "Spot on Frank! More and more I see originators 'coming out' and letting American consumers know just how they feel. It was once an honor to originate..." »View More Comments Today's Q&A "Can I get a FHA loan for a second home if I rent the first one?" "when lender pays the closing cost, can part of the closing cost charged as pre-paid finance charges?" "What is the difference between Origination Fee, Loan Processing Fee & Underwriting Fee?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.43 0.00 15YR 2.80 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.83 0.00 5/1ARM 3.01 0.02 MBS Quotes 30YR FNMA 3 104-29 0-07 30YR FNMA 3 106-16 0-06 30YR FNMA 4 107-03 0-07 30YR FNMA 4 107-29 0-05 Treasuries 2 YR 0.2853 -0.0077 3 YR 0.3831 -0.0189 5 YR 0.7213 -0.0157 7 YR 1.1428 -0.0212 10 YR 1.6927 -0.0173 30 YR 2.8579 -0.0131 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -4.75% Mortgage Refinance -6.02% Mortgage Purchase 0.54% Home Vacancy -9.52% Homeownership 0.00% S&P/Case Shiller 0.88% 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

Mortgage Rates Signifcantly Lower; G-fee Impact on Mortgage Pricing

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Oct 29, 2012 1:02PM Mortgage Rates Signifcantly Lower As Markets Close Early Mortgage rates continued falling this morning despite stronger-than-expected economic data. The trading session was punctuated by an early closure for bond markets owing to Hurricane Sandy and will be completely closed tomorrow. The secondary mortgage market began the day in stronger territory after European and Asian hours combined to gradually bring yields lower overnight. Things didn't move much during the shortened domestic hours and the mortgage-backed-securities (MBS) that most directly influence... Oct 29, 2012 10:33AM Gfees Impact Mortgage Pricing; Fannie and Freddie Profits; Early Close for Bond Markets Due to Hurricane Sandy Although the credit markets are open until noon EST, and thus rates are moving, the Fannie Trading Desk spread the word to clients, " Due to Hurricane Sandy, the Capital Markets Sales Desk will be closed for MBS trading on Monday, October 29th . We will provide liquidity through our whole loan platforms, eCommitting and eCommitONE, until 12:00 PM EST. Fannie Mae's DC, VA, MD and PA offices will be operating with minimal staffing during the storm. We will continue to monitor conditions to determine... MBS RECAP: Bond Markets Will Be Closed Tomorrow Escape From Pottersville: A New Beginning in the Mortgage Industry The Week Ahead: Full Moons, Hurricanes, Month-End, And NFP FHFA's: GSE's Need for Treasury Draws Dwindling Warren Buffett up to his Shins in Betting on a Housing-related Recovery; Zillow Lists Foreclosures Why the Jumbo Loan Market is Finally Thawing View: Front Page | Headline Viewer Micro News 11:37 AM: NY Fed Cancels MBS/Treasury Operations For Tuesday 9:08 AM: Bond Markets In Better Territory To Begin Shortened Session 8:41 AM: ECON: Incomes As Expected While Spending Beats Consensus 10:00 PM: SIFMA Early Market Close Recommendations for Hurricane Sandy in the US Markets 2:26 PM: Sustained MBS Rally, On A Friday No Less! 10:09 AM: ECON: Consumer Sentiment Roughly In Line With Expectations 9:32 AM: Strong Overnight Session But Slightly Weaker Following GDP 8:44 AM: ECON: GDP Rises 2.0 Percent Vs 1.7 Percent Expectation »View All Micro News Around the Web Banks Should Give More Data on Basel, Stress Tests, FSB Says U.S. stock futures to open overnight: CME, ICE Homeowners may learn limits of their insurance US Treasury Lowers Borrowing Estimate by $29 Billion NMLS: Call Center Closing Early Bair: 5 Steps to Fix Wall Street »View More Around the Web Video News SIFMA CEO on Bond Market Interruption Let Housing Lead the Recovery: RE/MAX Chairman Paul Miller on Bank of America Fraud Lawsuit »View More Video News Today's Comments "Frank: Great article! I attend about 90% of my closings and title agents and realtors are always surprised when the mortgage broker shows up! You have..." "Spot on Frank! More and more I see originators 'coming out' and letting American consumers know just how they feel. It was once an honor to originate..." "My sentiments as well. I too attend every settlement; I wish I kept a journal! Regarding one point Frank made -- "We have failed to appeal to the..." »View More Comments Today's Q&A "Late fee on partial payment of mortgage--forgot increase due to escrow increase" "Would like to build a log home in Tallahassee, FL" "problem with POD gift from grandfather" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.41 -0.06 15YR 2.78 -0.05 FHA30YR 3.25 0.00 Jumbo30YR 3.81 -0.06 5/1ARM 2.98 -0.01 MBS Quotes 30YR FNMA 3 104-26 0-03 30YR FNMA 3 106-14 0-02 30YR FNMA 4 107-00 -0-01 30YR FNMA 4 107-27 0-00 Treasuries 2 YR 0.2931 -0.0079 3 YR 0.3989 -0.0078 5 YR 0.7420 -0.0224 7 YR 1.1731 -0.0256 10 YR 1.7206 -0.0298 30 YR 2.8818 -0.0248 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Sales 5.71% Mortgage Application -12.00% Mortgage Refinance -12.85% Mortgage Purchase -8.31% Existing Home -0.47% Existing Home -1.66% 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

Escape From Pottersville: A New Beginning in the Mortgage Industry

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Oct 26, 2012 12:12PM Escape From Pottersville: A New Beginning in the Mortgage Industry Contributing to MND the past 4 years, I have been content to represent my image as a bewildered George Bayley, wondering what happened to his beloved Bedford Falls when he stumbles across the "Pottersville" sign after wishing he'd never been born. I have lived a modern day version of George Bayley's alternate reality in Pottersville going on 5 years now. I have had many moments when I wished I'd never gotten into this business , and have come very close to jumping off that bridge to join the river... Oct 26, 2012 2:39PM FHFA's: GSE's Need for Treasury Draws Dwindling Three different scenarios for predicting the level of additional financial support the two government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae may require from the U.S. Treasury were presented today by their conservator the Federal Housing Finance Agency (FHFA). The scenarios updated similar projections originally released in October 2010 and updated one year later. FHFA said its projections are not expected outcomes but modeled projections in response to "what if" exercises based... Mortgage Rates Recover Most Of Yesterday's Losses MBS MID-DAY: Holding Gains Despite Better-Than-Expected GDP LPS: Home Prices Up Slightly in August, Detroit Leads the Way Warren Buffett up to his Shins in Betting on a Housing-related Recovery; Zillow Lists Foreclosures The Day Ahead: Bond Markets at Tipping Point Ahead of GDP Why the Jumbo Loan Market is Finally Thawing View: Front Page | Headline Viewer Micro News 2:26 PM: Sustained MBS Rally, On A Friday No Less! 10:09 AM: ECON: Consumer Sentiment Roughly In Line With Expectations 9:32 AM: Strong Overnight Session But Slightly Weaker Following GDP 8:44 AM: ECON: GDP Rises 2.0 Percent Vs 1.7 Percent Expectation 3:55 PM: Tentatively Accepting That There Could Be A Bounce Back 1:30 PM: Selling Pressure Continues, Bringing MBS Near Lows 1:19 PM: Bond Markets Weakening Somewhat On Equities Bounce 11:40 AM: Risk-On Becomes Risk-Off, And Convincingly! MBS Approach Breakeven Levels »View All Micro News Around the Web Home Prices Rise, but Analysts See Pressure Ahead NHC joins other housing stakeholders in comments on Basel III rule Fed Delays Program To Simplify Reserve Requirements Ally Bank to Explore Strategic Alternatives for Remaining Agency Mortgage Assets Housing Goes From Drag to Lift in GDP FHFA Updates Projections of Potential Draws for Fannie Mae and Freddie Mac »View More Around the Web Video News Let Housing Lead the Recovery: RE/MAX Chairman Santelli's Morning Bond Update The Trillion Dollar Technician Prediction »View More Video News Today's Comments "This is disgusting that NO ONE is held accountable for this, just pay a "fine" no prison time for anyone? me ex worked for CW and was fired for..." "The idea that increases in real estate prices is a good thing is misplaced. First, the non-judicial state foreclosure process made robo-signing a simple..." "What about those of us in dire financial straights because of the corporate misfeasance of our banks? Those banks riddled with corporate greed and making..." »View More Comments Today's Q&A "up front mortgage insurance $ 2718.89 for a loan for 161,000.00 is that normal" "Can an appraisal fee be refunded" "Selling a Recreational Lease" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.47 -0.04 15YR 2.83 -0.04 FHA30YR 3.25 -0.01 Jumbo30YR 3.87 -0.05 5/1ARM 2.99 0.00 MBS Quotes 30YR FNMA 3 104-22 0-14 30YR FNMA 3 106-11 0-08 30YR FNMA 4 107-01 0-04 30YR FNMA 4 107-26 0-01 Treasuries 2 YR 0.3010 -0.0120 3 YR 0.4067 -0.0263 5 YR 0.7644 -0.0516 7 YR 1.2010 -0.0770 10 YR 1.7556 -0.0564 30 YR 2.9267 -0.0353 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Sales 5.71% Mortgage Application -12.00% Mortgage Refinance -12.85% Mortgage Purchase -8.31% Existing Home -0.47% Existing Home -1.66% 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