More Originators, Fewer Companies; Even Goldman is Betting on Subprime

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Nov 30, 2012 10:48AM More Originators And Fewer Mortgage Companies - NMLS Report The number of state licensed mortgage companies registered with the National Mortgage Licensing System (NMLS) decreased by 2.3 percent on an annual basis while the number of individual loan originators increased by a nearly identical amount according to one of two third quarter reports issued by NMLS on Thursday. The number of institutions registered with the federal government increased by 1.4 percent and loan originators by 1.8 percent on a quarterly basis. State licensure information and federal... Nov 30, 2012 10:57AM Investors Like Housing Price Rally - Even Goldman Betting on Subprime "If I could rearrange the alphabet, you and I would be together." Before you roll your eyes at that one, a buddy of mine said that to a gal at a bar twelve years ago and they've been married for the last nine. Strange things do happen. (On the other hand, another acquaintance told his soon-to-be ex-girlfriend, "My phone never rings and it's always you.") Lenders and Realtors know that relationships can sometimes complicate things, and the Census Bureau tells us that about 18% of people 18 and older... Mortgage Rates End Month In Line With Lowest Levels MBS MID-DAY: Some Weakness Following Fed Twist Buying Letters seek Congressional Action on Expiring Mortgage Forgiveness Debt Relief Act Conforming Loan Limits Remain at 2012 Levels Americans are not Shopping Smart for Mortgage Loans The Day Ahead: Month-End, Moderate Data, Germany Votes on Greece View: Front Page | Headline Viewer Micro News 2:28 PM: MBS Winning Consolation Prize For A Rough November 12:50 PM: Obama Says Not Acceptable For "Handful Of Republicans" To Block Fiscal Deal 11:36 AM: Measured Weakness Following Fed Buyback, But Holding Ground 9:55 AM: ECON: Chicago PMI Roughly As Expected. Weakness In New Orders 9:25 AM: Bond Markets Stay Flat Overnight, Slightly Stronger Into AM 8:44 AM: Euro Zone Joblessness Hits Record, Inflation Eases 8:40 AM: ECON: Consumer Spending Lower Than Expected 1:20 PM: Moderately Strong 7yr Auction Helps Reinforce Pre-Auction Trading Levels »View All Micro News Around the Web Up From the Ashes: On the Front Lines of the Mortgage Mess New Housing Trend: Mom, Dad, and Kids Moving Back In What Can We Learn by Disaggregating the Unemployment-Vacancy Relationship? Former Director of Accounting and Outside Auditor of American Mortgage Specialists Inc. Plead Guilty to Roles in Fraud Against BNC National Bank Tim Geithner's Bad Idea on the Debt Ceiling How Rising Home Prices May Actually Stall the Recovery »View More Around the Web Video News Rising Home Prices Bad for Housing Santelli: Are Analysts Too Bearish on Bonds? Housing: Waving Goodbye to Short Sales? »View More Video News Today's Comments "I couldn't agree more with the synopsis. HUD is going to push the stronger borrowers into conventional programs and leave HUD with the riskier and..." "So you are a current disgruntled originator--or simply a "consultant" who sits in judgment over other peoples work with no originating experience..." "Why not allow post 6/09 FHA borrowers to refinance, pay 1.5% UFMIP and grandfather their current monthly MI? This would create a major influx of quick..." »View More Comments Today's Q&A "What type of letter do you need for a deed change?" "Can I Short Sale my property in my current situation?" "Can I refinance my current Mortgage and roll my Home Equity Loan into the new loan. " »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.36 -0.02 15YR 2.75 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.56 -0.02 5/1ARM 3.00 -0.01 MBS Quotes 30YR FNMA 3 105-06 0-03 30YR FNMA 3 106-24 0-04 30YR FNMA 4 107-06 0-04 30YR FNMA 4 107-25 0-02 Treasuries 2 YR 0.2500 -0.0080 3 YR 0.3244 -0.0106 5 YR 0.6170 -0.0140 7 YR 1.0372 0.0102 10 YR 1.6147 -0.0053 30 YR 2.8057 0.0087 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home 5.22% Mortgage Application -0.85% Mortgage Refinance -1.51% Mortgage Purchase 2.64% FHFA Home Price 0.06% S&P/Case Shiller 0.29% 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

Conforming Loan Limits 2013; Expiring Mortgage Forgiveness Act; DeMarco Optimistic

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Nov 29, 2012 1:46PM Conforming Loan Limits Remain at 2012 Levels The maximum dollar limits for conforming mortgage loans will remain unchanged for Freddie Mac and Fannie Mae in 2013 . The GSEs' conservator, the Federal Housing Finance Agency (FHFA), announced on Thursday that the baseline limit that will apply to most of the country will be $417,000 for one unit properties. Differing limits, ranging as high as $625,000, will prevail in so-called "high cost" counties but in each instance will remain the same as in 2012. Loan limits are established each year under... Nov 29, 2012 9:23AM Letters seek Congressional Action on Expiring Mortgage Forgiveness Debt Relief Act Three financial services and consumer advocacy groups have joined to send letters to the House and Senate urging them to preserve the temporary tax exemptions for forgiven debt . The Financial Services Roundtable, the Center for Responsible Lending, and the Housing Policy Council sent the letters Wednesday to the chairs and ranking members of the House Committee on Ways and Means and the Senate Committee on Finance. The groups are petitioning for an extension of The Mortgage Forgiveness Debt Relief... FHFA's DeMarco Optimistic About Recovery, Eager To Define Future Role Government HARP Share of Refinancing Slipped in September Mortgage Rates Mixed Depending On Lender, Sideways Overall Cloud-based Mortgage Valuation; SEC Drops Wells Fargo Inquiry; More on CFPB Exams from OB Americans are not Shopping Smart for Mortgage Loans MBS MID-DAY: Boehner Comments Shake Things Up On Otherwise Slow Morning View: Front Page | Headline Viewer Micro News 1:20 PM: Moderately Strong 7yr Auction Helps Reinforce Pre-Auction Trading Levels 11:58 AM: MBA's Stevens Asks Congress to Reconsider Increasing Fannie/Freddie Guarantee Fees 10:10 AM: ECON: Pending Home Sales Much Stronger Than Expected 9:48 AM: Bond Markets Struggle Near Unchanged Levels 8:49 AM: ECON: Jobless Claims Slightly Higher Than Expected 8:43 AM: ECON: GDP Slightly Lower Than Expected, Consumer Spending Decelerates 3:11 PM: Ongoing Negative Reprice Risk As MBS Push To New Lows 2:34 PM: ECON: Beige Book Shows Fiscal Cliff On The Radar »View All Micro News Around the Web This Will Be a 'Grind-It-Out Recovery': Housing Exec NMLS State and Federal Q3 Reports Released Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac to Remain Unchanged in 2013 Hearings on Derivatives, Volcker Rule Announced for December Fed Will ?Stay The Course' With Stimulus Efforts, Dudley Says The Federal Housing Finance Agency Shouldn't Punish Borrowers for State Foreclosure Timelines »View More Around the Web Video News Santelli Takes on GSEs Sen. Reid: 'We Are Not Going to Kick the Can Down the Road' Fed's Dudley: Sandy Not Expected to Derail Expansion »View More Video News Today's Comments "I couldn't agree more with the synopsis. HUD is going to push the stronger borrowers into conventional programs and leave HUD with the riskier and..." "So you are a current disgruntled originator--or simply a "consultant" who sits in judgment over other peoples work with no originating experience..." "Why not allow post 6/09 FHA borrowers to refinance, pay 1.5% UFMIP and grandfather their current monthly MI? This would create a major influx of quick..." »View More Comments Today's Q&A "How do I add my spouse & child to the deed?" "would a felony conviction stop you from obtaining realtor license in Pa" "Mislead by company representative?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.38 0.01 15YR 2.75 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.58 0.01 5/1ARM 3.01 0.00 MBS Quotes 30YR FNMA 3 105-03 0-01 30YR FNMA 3 106-20 0-02 30YR FNMA 4 107-02 0-03 30YR FNMA 4 107-23 0-01 Treasuries 2 YR 0.2578 -0.0082 3 YR 0.3352 -0.0048 5 YR 0.6314 -0.0026 7 YR 1.0271 -0.0159 10 YR 1.6216 -0.0114 30 YR 2.7995 -0.0035 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home 5.22% Mortgage Application -0.85% Mortgage Refinance -1.51% Mortgage Purchase 2.64% FHFA Home Price 0.06% S&P/Case Shiller 0.29% 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

Possible FHA Changes in 2013; Mortgage Debt Lowest Since 2006

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Nov 28, 2012 10:19AM A Primer on Possible FHA Changes in 2013 Given its Red Ink; Mortgage Jobs Across the Nation In ancient days, when mortgage rates were different for various areas around the country and people relied on carbon paper and Fannie gold book amortization tables, mortgage volumes were cyclical. Lenders could count on a lull in the winter months, especially here in Colorado, since there were fewer home shoppers. But refi's don't have to wait until the summer - they're year 'round although no one expects mortgage rates to go anywhere for the next year or two so there's no hurry. I mention this because... Nov 28, 2012 10:35AM Mortgage Debt at Lowest Level Since 2006, Despite Increase in Originations Despite a sizeable increase in consumer debt overall household debt fell by $74 billion in the third quarter of 2012, driven largely by a decrease in mortgage and home equity loan balances . The Federal Reserve Bank of New York's Quarterly Report on Household Debt and Credit reported that a drop of $120 billion in mortgage debt and $16 billion in home equity lines of credit were partially offset by a 2.3 percent increase in non-real estate obligations. The drop in aggregate consumer debt continued... Mortgage Rates Start Out Strong, But Weaken Into Afternoon Holiday Dampens Mortgage Application Activity MBS MID-DAY: In Positive Territory, But Weaker After Fiscal Cliff Headlines New Home Sales Dip in October, September Sales Substantially Revised The Day Ahead: Greece Out, Fiscal Cliff In, 5yr Auction Americans are not Shopping Smart for Mortgage Loans View: Front Page | Headline Viewer Micro News 3:11 PM: Ongoing Negative Reprice Risk As MBS Push To New Lows 2:34 PM: ECON: Beige Book Shows Fiscal Cliff On The Radar 1:56 PM: Housing Regulator Sees Recovery Taking Root 1:21 PM: Auction Provides Small Boost For MBS. Too Little Too Late? 12:43 PM: Obama: Let's Get Fiscal Cliff Deal Before Christmas - CNBC 12:34 PM: Reprice Risk As MBS Hit New Lows Following Obama Speech 10:53 AM: MBS Briefly Dip To Session Lows As Stocks Bounce Back 10:09 AM: ECON: New Home Sales Weaker Than Expected, Lower Revisions »View All Micro News Around the Web Fed's Evans Sees Need for $85 Billion of Asset Purchases for 6-12 Months DeMarco: "Recent Accomplishments and a Look Ahead at the Future of Housing Finance" FHFA: HARP Enhancements Continue to Bolster Program Geithner Meets With Congress Leaders Tomorrow, Treasury Says Home Refinancing Program Use Up 75 Percent, DeMarco Says NMLS: Annual Renewal Training Videos Available »View More Around the Web Video News Santelli's Midday Bond Report Blankfein on the Looming Fiscal Cliff Shiller: Why I'm Doubting the Housing Recovery »View More Video News Today's Comments "The real problem (which the CFPB does not get) is that the average American consumer cannot understand the variances in mortgage products. Instead of trying..." "The real problem is your typical consumer has no idea on how to compare loan quotes correctly so it really doesn't make any difference on how many..." "I see this as another unintended negative consequence of regulation. The government removed incentives for loan officers to "steer" consumers..." »View More Comments Today's Q&A "Mislead by company representative?" "Our buyer backed out of our contract" "Paying off Son's Mortgage" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.37 -0.01 15YR 2.75 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.57 -0.01 5/1ARM 3.01 0.01 MBS Quotes 30YR FNMA 3 105-00 -0-04 30YR FNMA 3 106-17 -0-02 30YR FNMA 4 106-31 -0-01 30YR FNMA 4 107-22 -0-01 Treasuries 2 YR 0.2618 -0.0042 3 YR 0.3405 -0.0105 5 YR 0.6337 -0.0133 7 YR 1.0458 -0.0092 10 YR 1.6352 -0.0038 30 YR 2.8042 0.0172 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -0.85% Mortgage Refinance -1.51% Mortgage Purchase 2.64% FHFA Home Price 0.06% S&P/Case Shiller 0.29% Existing Home -0.13% 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