Daily Newsletter: 2013 Marks Lift-Off From All-Time Low Rates; Blindsided by Flood Insurance Spike; Wells Settles with Fannie

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30 Year Fixed 4.63%   +0.01 15 Year Fixed 3.65%   +0.01 10YR Treasury 3.03%   +0.0542 FNMA 30YR 3.5 99.34   -0.25 FNMA 15YR 2.5 101.97   -0.14 View Today's Rates

Tuesday December 31, 2013 Mortgage Rate Watch - 2:28PM For Mortgage Rates, 2013 Marks Lift-Off From All-Time Lows Mortgage rates were little-changed today, ending the year less than a quarter of a percentage point away from their highest levels in more than 2 years. 4.625% remains the most prevalently ... MND NewsWire - 1:30PM Homeowners Blindsided with Stratospheric Flood Insurance Rates In its monthly e-magazine Foreclosure Report RealtyTrac takes a look at the current and potential impact of legislation designed to rescue the nation's flood insurance program. Within ... Pipeline Press - 11:39AM G-fee Changes in Limbo; Wells Settles with Fannie; Tax Breaks Expiring; Drug Testing in Financial Services' Future? Thanks to FAMC for sponsoring the Franklin American Mortgage Music City Bowl . It was some great publicity for FAMC and the industry. And this is that day, at quittin' time, when you ... MBS Commentary - 12:25PM MBS MID-DAY: Bond Markets Erase Most of Yesterday's Gains Once you accept the truths in yesterday morning's chart (re-posted below), the rest of 2013 doesn't really matter. To recap: June 19 was the date of the FOMC Announcement in which the ... Low-End Home Prices More Useful in Predicting Big-Picture National Home Prices Virtually Unchanged in October Pending Home Sales Remain Near 1.5-Year Lows Latest Video Mortgages get pricier in 2014 Pisani: Look for volatility to spike Santelli eyes 10-year yields as historic year draws to an end More News from 'Around the Web' CNBC - 2:21PM My 2014 predictions: Try not to be boring! The Huffington Post - 12:45PM realtor.com: Top 5 New Year's Resolutions for Long-Term Renters WSJ - 12:42PM Five Challenges for the Federal Reserve in 2014 Bloomberg - 12:28PM The Most Important Economic Developments of 2013 - Bloomberg CNN - 12:28PM Gas prices down in '13, set to go lower in '14 CNBC - 10:24AM Consumer confidence jumps more than expected in December www.cfpbmonitor.com - 9:34AM CFPB adjusts HMDA data collection and TILA mortgage escrow thresholds CNBC - 9:19AM S&P/Case-Shiller home price index up 13.6% in October Market Watch - 8:58AM Treasurys slip ahead of homes, confidence data Bloomberg - 7:35AM Denver Real Estate Booms as Ski Slopes Trump NYC Bustle - Bloomberg Fannie Mae - 7:31AM Fannie Mae Reaches $591 Million Repurchase Agreement with Wells Fargo NAFCU - 7:29AM Tax break for underwater homeowners ends today Today's Comments MBS Live Chat - 9:57AM "MG - My respect for your MBS knowledge multiplied when I found this article and tried to read it and almost lost my mind (and couldn't finish it). http://www.newyorkfed.org/research/conference/2012/mortgage/primsecsprd_frbny.pdf..." MBS Live Chat - 12:51PM "2013 in mortgage land feels like a Shakespearean tragedy...." MBS Live Chat - 1:06PM "And with that.... I say: "Good night, good night! Parting is such sweet sorrow, that I shall say good night till it be morrow." .... or day after tomorrow in this case. Happy New Year folks!..." MBS Live Chat - 1:18PM "Just tuning in to wish everyone a Happy and Safe New Year! 2014 is going to be another great year. Get after it people. And as always a big thanks for everything MG does for us. See everyone in 2014!..." MBS Live Chat - 1:19PM "Happy new year guys! In some weird way we are all family! I hope the champagne at midnight tastes sweet! Onward and upward in 2014......" MBS Live Chat - 1:25PM "Wishing the MND community a happy and healthy New Year. Been a pleasure sharing knowledge and learning/ growing with you all!..." MBS Live Chat - 1:29PM "Happy New Years to you all..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.63% +0.01 15 Yr FRM 3.65% +0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.55% +0.00 5/1 Yr ARM 3.24% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.64% 0.41 +0.02 15 Yr. Fixed 3.74% 0.29 +0.08 30 Yr. Jumbo 4.63% 0.24 +0.02 30 Yr. FHA 4.29% 0.24 +0.04 5/1 ARM 3.26% 0.39 +0.06 Freddie Mac ** 30 Yr. Fixed 4.48% 0.70 +0.01 15 Yr. Fixed 3.52% 0.70 +0.01 1 Yr. ARM 2.56% 0.50 -0.01 5/1 Yr. ARM 3.00% 0.40 +0.04 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 94.94 -0.31 30YR FNMA 3.5 99.34 -0.25 30YR GNMA 3.0 96.48 -0.25 30YR GNMA 3.5 100.72 -0.25 15YR FNMA 3.0 101.97 -0.14 15YR FNMA 2.5 98.92 -0.13 Treasuries Yield Change 2 YR 0.3838% +0.0004 5 YR 1.7477% +0.0415 10 YR 3.0263% +0.0542 30 YR 3.9642% +0.0631 Prices as of: 12/31/2013 2:06PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Pending Home Sales Remain Near 1.5-Year Lows; Low-End Home Prices More Useful for Forecasting; Home Prices Leveling-Off; Rates Slightly Lower

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30 Year Fixed 4.62%   -0.03 15 Year Fixed 3.64%   -0.02 10YR Treasury 2.97%   -0.0316 FNMA 30YR 3.5 99.59   +0.33 FNMA 15YR 2.5 102.11   +0.30 View Today's Rates

Monday December 30, 2013 MND NewsWire - 10:22AM Pending Home Sales Remain Near 1.5-Year Lows Pending home sales technically rose slightly in November, but only after a negative downward revision to October's Pending Home Sales Index (PHSI) from the 102.1 originally reported ... MND NewsWire - 2:03PM Low-End Home Prices More Useful in Predicting Big-Picture In the most recent issue of CoreLogic's MarketPulse on-line magazine Sam Khater suggests that low-end home prices can be useful in predicting the future direction of all home prices ... MND NewsWire - 11:46AM National Home Prices Virtually Unchanged in October Lender Processing Services (LPS) said today that its Home Price Index (HPI) was up a slight 0.1 percent in October. The index for the month was $232,000, a dollar amount that was virtually ... Mortgage Rate Watch - 4:06PM Mortgage Rates Continue Modest Bounce Lower Mortgage rates continued lower to begin the week after pulling back just slightly from 3-month highs on Friday. Activity continues to be subdued in the financial markets that underlie ... Reg. Z Reminder; Bank M&A and FDIC Updates; CFPB Penalties/Settlements - How Much Does it Cost to Comply? MBS MID-DAY: Year-End Tradeflows Helping Somewhat Recent State Mortgage Changes; Fed's Balance Sheet - Putting QE3 in Perspective; CFPB's Latest Penalty Latest Video Santelli Exchange: Pending home sales 'postmortem' Santelli Exchange: The big picture Can housing maintain momentum in 2014? More News from 'Around the Web' Reuters - 4:32PM Reduced Fed support reflected in January bond-buying plan Market Watch - 2:22PM All-time-high house prices in 10 of top 50 metro areas Reuters - 2:20PM Merkel says permanently fixing euro zone crisis vital for Germany DataQuick - 1:02PM November Las Vegas Home Sales Press Release Washington Post - 12:41PM The biggest small-business stories of 2013 blog.redfin.com - 11:00AM Homebuyer Speed Holds Steady in November With 27 Percent of Homes Selling in Two Weeks or Less www.lpsvcs.com - 11:00AM LPS Home Price Index Report: October 2013 Transactions www.treasury.gov - 10:59AM The Wind Down of TARP is Almost Complete CNBC - 9:53AM US stocks open little changed; home sales data ahead Bloomberg - 9:04AM Wells Fargo to Pay Fannie Mae $591 Million to Resolve Claims - Bloomberg investors.flagstar.com - 9:04AM Flagstar Reaches Settlement with Freddie Mac over Mortgage Repurchase Obligations Reuters - 8:17AM Stock futures little changed ahead of home sales data Market Watch - 8:16AM Treasurys inch up ahead of pending-home sales Today's Comments MBS Live Chat - 12:05PM "we saw lenders drop the tax transcript during the shutdown for practical reasons, will we see the same to expand market share in this type of environment?..." MBS Live Chat - 12:06PM "I would think QM/ATR will cause lenders to be more likely to pull transcripts than not don't you think?..." MBS Live Chat - 12:55PM "Regarding Fannie Mae not requiring TRV's on Fannie Direct loans: https://www.fanniemae.com/content/fact_sheet/irs-form-4506t-tips-for-underwriters.pdf..." MBS Live Chat - 1:01PM "You COULD be fine, at least as long as the loan isn't audited via either the random or discretionary audit process...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.62% -0.03 15 Yr FRM 3.64% -0.02 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.55% -0.03 5/1 Yr ARM 3.24% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.64% 0.41 +0.02 15 Yr. Fixed 3.74% 0.29 +0.08 30 Yr. Jumbo 4.63% 0.24 +0.02 30 Yr. FHA 4.29% 0.24 +0.04 5/1 ARM 3.26% 0.39 +0.06 Freddie Mac ** 30 Yr. Fixed 4.48% 0.70 +0.01 15 Yr. Fixed 3.52% 0.70 +0.01 1 Yr. ARM 2.56% 0.50 -0.01 5/1 Yr. ARM 3.00% 0.40 +0.04 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 95.25 +0.33 30YR FNMA 3.5 99.59 +0.33 30YR GNMA 3.0 96.73 +0.28 30YR GNMA 3.5 100.97 +0.31 15YR FNMA 3.0 102.11 +0.30 15YR FNMA 2.5 99.05 +0.27 Treasuries Yield Change 2 YR 0.3834% -0.0119 5 YR 1.7062% -0.0330 10 YR 2.9721% -0.0316 30 YR 3.9011% -0.0374 Prices as of: 12/30/2013 4:32PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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