The Importance of IT; Fed Notices Lousy Rate Sheet Pricing; "High Cost" Clarification

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Dec 4, 2012 4:23PM MBS RECAP: Slow And Sideways At Recent Highs While today continues to be plagued by the "little to report" phenomenon, we can't really complain about the price action. In a relative carbon copy of yesterday's pattern, we made gains in the morning and have been holding calmly sideways into the afternoon Dec 4, 2012 11:38AM The Importance of IT; Fed Notices Lousy Rate Sheet Pricing; "High Cost" Clarification As many lenders think back on record-breaking Novembers, and I head to Pennsylvania for the rest of the week, here is a quick bit of trivia. James Pierpont was the author of "One Horse Open Sleigh" which was first published in 1857. In 1859, he reissued the song under a new name: "Jingle Bells." It was a "sleighing song" which was a popular topic of the time and had nothing to do with Christmas, or for that matter, Thanksgiving. Why do I mention this? Well, if you recognize the name "Pierpont" that... Mortgage Rates Moderately Improved, Back To Recent Lows HUD Tweaks Rules to Help House Hurricane Victims Falling Loan Loss Provisions Boost Bank Earnings To 6 Year Highs MBS MID-DAY: Some Volatility Following Fed Buying, Still Slow Overall Attention Walmart Shoppers: Mortgages, Aisle 3 Bill Raising G-Fees Faces Tough Battle View: Front Page | Headline Viewer Micro News 3:22 PM: Another Day, Another Uneventful, Slightly Positive Afternoon 10:04 AM: Bond Markets Looking For Guidance, Finding Some From Equities 3:44 PM: Four Hours Later, Still Sideways At Best Levels Of The Day 10:48 AM: MBS Near Highs Through Rate Sheet Time 10:16 AM: ECON: Residential Construction Spending Highest Since 2008, Probably... 10:08 AM: ECON: ISM Manufacturing Much Weaker Than Expected 9:40 AM: Fighting To Hold Ground After Late Risk Rally Overnight 9:06 AM: ECON: Markit PMI At Six Month High, Signalling Moderate Growth »View All Micro News Around the Web AIG names new CEO for mortgage insurer United Guaranty SunTrust CEO Plans to Speed Branch Closings to Control Expenses Here's the Most Dangerous Idea in Washington: Economist Obama says Republican fiscal cliff plan out of balance: Bloomberg TV Chinese National Sentenced in Theft of NY Fed Code "Fiscal cliff" struggle prompts Republican infighting »View More Around the Web Video News Gross: We're Hopeful on Housing Toll Brothers Building Profits BofA CEO Says Mortgage Business Is Doing Better »View More Video News Today's Comments "The gap between primary and secondary pricing has widened due to Dodd Frank!! Thousands of MLO's individually pricing loans used to be able to keep..." "Having Wal-Mart provide mortgage financing sounds like a novel idea, however I would imagine that there would be only a certain amount of eligible borrower..." "The fact is that in nearly any sales role, the ability to earn based on production is usually a cornerstone. Few companies want to pay a substantial base..." »View More Comments Today's Q&A "Can I use a mixed use property (<25%) as collateral for a VA loan?" "i had my loan modified in my name only. " "Currently on deed and mortgage with my mother. How to remove her from both?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.36 -0.01 15YR 2.75 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.56 -0.01 5/1ARM 3.00 0.00 MBS Quotes 30YR FNMA 3 105-11 0-03 30YR FNMA 3 106-28 0-03 30YR FNMA 4 107-09 0-02 30YR FNMA 4 107-28 0-02 Treasuries 2 YR 0.2461 -0.0079 3 YR 0.3216 -0.0054 5 YR 0.6218 -0.0012 7 YR 1.0337 -0.0123 10 YR 1.6045 -0.0175 30 YR 2.7762 -0.0218 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