Daily Newsletter: 8.6 Million Mortgage Originations in 2012; Best Places to Buy Foreclosures

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30 Year Fixed 3.59%   -0.01 15 Year Fixed 2.91%   -0.01 10YR Treasury 1.98%   -0.0071 FNMA 30YR 3.5 105.48   +0.08 FNMA 15YR 2.5 105.00   +0.06 View Today's Rates

Thursday January 31, 2013 MND NewsWire - 11:13AM 8.6 Million Mortgage Originations in 2012, Highest Since 2007 The December Mortgage Monitor report released by Lender Processing Services and covering performance data for the full 2012 calendar year , found that while mortgage delinquency rates ... Mortgage Rate Watch - 4:07PM Mortgage Rates Very Slightly Improved Ahead Of Employment Report Mortgage rates were very slightly lower in most cases, making for marginal improvements in borrowing costs within the confines of recently higher interest rates. In other words, today ... MND NewsWire - 9:55AM LPS Settles DocX Robo-Signing Litigation with 46 States Lender Processing Services will pay an aggregated sum of $127 million to resolve suits with 46 states and the District of Columbia arising out of activities of its former subsidiary ... MND NewsWire - 9:50AM RealtyTrac Rates Best Places to Buy Foreclosures in 2012 as Activity Climbs 57% RealtyTrac, the Irvine, California firm that tracks foreclosure activity nationwide, reports that foreclosure activity increased last year in 57 percent of large metropolitan areas ... FHA MI Change; Info on Salaried LO's with 3% Max; Transitional Licensing, CRE Thoughts Fannie, Freddie Extend Foreclosure Moratorium for Huricane Sandy Victims MBS MID-DAY: Back To The Middle Of The Day's Range FHA Looks to Shore Up Finances with New MIP Changes Wells Fargo's LO Compensation Based on Quality and Speed; Amazing List of Recent M&A; Wassup with Rates? Mortgage Applications Fall 8.1% as Rates Tick Up Sharply Pace of Annual Home Price Increases is Quickening Latest Video Top 20 Housing Markets Across the US Santelli: Fed Can't Control All the Pieces `Mild' Bond Bubble Possible in 2013, Konstam Says More News from 'Around the Web' Fannie Mae - 4:20PM Fannie Mae Releases December 2012 Monthly Summary Reuters - 4:10PM Ex-Countrywide executive added as defendant in BofA fraud lawsuit Business Week - 4:09PM Mortgage Fraud Prosecutors Pounce on a Small Bank HUD - 3:38PM FHA Releases Mortgagee Letter Regarding MIP Changes Reuters - 2:06PM Exclusive: Ocwen in lead to buy Ally mortgage servicing rights â€" sources CNBC - 1:42PM There's No Bond Bubble: DoubleLine's Bonnie Baha Business Week - 11:56AM Senate's Warren Seeks Regulator Documents on Foreclosure Accord freddiemac.mwnewsroom.com - 11:53AM Freddie Mac: Mortgage Rates Trending Higher Bloomberg - 8:03AM U.S. Mortgage Refinancing Push Said to Move Forward in Congress Business Week - 8:01AM PulteGroup Reports Higher Quarterly Profit as Home Sales Climb WSJ - 2:35PM Treasury Department Prepares New Refinance Push Today's Comments MND NewsWire - 3:54PM "just wondering how this works....a family is no longer able to live in a home that was damaged or completely destroyed by the hurricane. Or they are still living in a home that needs repairs. They don't have the money to repair or are waiting (hoping) to get some help from their insurance or FEMA. Which..." MBS Live Chat - 3:32PM "Mortgagee letter regarding FHA mortgage insurance is out. http://portal.hud.gov/hudportal/documents/huddoc?id=13-04ml.pdf..." MBS Live Chat - 12:51PM "Bill Gross tweeted today PIMCO is not seeing a large shift from their bond fund to stocks. He states to stock market rally must be coming from cash that was on the sidelines...." MND NewsWire - 1:01AM "Correct, Jim, for NEW FHA loans with case numbers issued after new mortgagee letter takes effect (likely 4/1/2013), the MIP will be for the life of the loan. Interesting that the article says "FHA has foregone billions" as MIP has rolled off on current loans. Another way to look at it would be to say..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.59% -0.01 15 Yr FRM 2.91% -0.01 FHA 30 Year Fixed 3.31% -0.01 Jumbo 30 Year Fixed 3.79% -0.01 5/1 Yr ARM 3.02% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.70% 1.16 -0.11 30 Yr. Fixed 3.47% 1.29 -0.07 MBA ** 30 Yr. Fixed 3.67% 0.42 +0.05 15 Yr. Fixed 2.95% 0.38 +0.08 30 Yr. Jumbo 3.95% 0.39 +0.10 30 Yr. FHA 3.48% 0.33 +0.08 5/1 ARM 2.60% 0.33 -0.01 Freddie Mac ** 30 Yr. Fixed 3.53% 0.70 +0.11 15 Yr. Fixed 2.81% 0.70 +0.10 1 Yr. ARM 2.59% 0.50 +0.02 5/1 Yr. ARM 2.70% 0.60 +0.03 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 3.0 103.28 +0.03 30YR FNMA 3.5 105.48 +0.08 30YR GNMA 3.0 104.34 +0.05 30YR GNMA 3.5 107.52 +0.14 15YR FNMA 3.0 105.00 +0.06 15YR FNMA 2.5 103.56 +0.05 Treasuries Yield Change 2 YR 0.2657% -0.0039 5 YR 0.8814% +0.0048 10 YR 1.9849% -0.0071 30 YR 3.1710% -0.0121 Prices as of: 1/31/2013 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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Daily Newsletter: FHA Looks to Shore Up Finances with New MIP Changes; Fed Statement No Help to Rates

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30 Year Fixed 3.60%   +0.02 15 Year Fixed 2.92%   +0.01 10YR Treasury 1.99%   -0.0089 FNMA 30YR 3.5 105.41   +0.08 FNMA 15YR 2.5 104.94   +0.06 View Today's Rates

Wednesday January 30, 2013 MND NewsWire - 3:15PM FHA Looks to Shore Up Finances with New MIP Changes Federal Housing Administration Commissioner Carol Galante has just announced several significant changes to FHA requirements, processes, and fees in an ongoing effort by the agency ... Mortgage Rate Watch - 4:07PM Mortgage Rates Hurt By GDP, Fed Statement Not Much Help Mortgage rates began the day at broadly higher levels, as bond markets moved higher in yield overnight and again after the morning's economic data. Even though this morning's GDP was ... MBS Commentary - 2:20PM Differences Between Current And Previous FOMC Statements Information received since the Federal Open Market Committee met in October December suggests that growth in economic activity paused in recent months, in large part because of weather ... Pipeline Press - 10:28AM Wells Fargo's LO Compensation Based on Quality and Speed; Amazing List of Recent M&A; Wassup with Rates? Super Bowl XLVII, between the Baltimore Ravens and the San Francisco 49ers, will be played Feb. 3 at the Superdome, which will be the 10th time the Super Bowl has been played in New ... MBS RECAP: Paradoxical GDP Vetted By Internals, FOMC Innocuous, Asleep Till NFP Mortgage Applications Fall 8.1% as Rates Tick Up Sharply Bank Deposits Withdrawn at Fastest Pace Since 2001; Las Vegas ASF Chatter; Texas Ratio Primer Pace of Annual Home Price Increases is Quickening SEC Charges Former Jefferies Director with MBS-Related Fraud Tight Supply Blamed for Weaker Pending Home Sales Court Ruling Jeopardizes Cordray's Recess Appointment Latest Video Fed Leaves Rates Unchanged Gross: We Think QE Tapers Down in 2014 Sigtarp's Quarterly Report to Congress More News from 'Around the Web' House Financial Services - 3:28PM Financial Services Committee Announces Series of Hearings Focused on Looming Financial Crisis at FHA WSJ - 2:35PM Overhauling Mortgage Giants Takes Industry Initiative, Official Says WSJ - 2:35PM Treasury Department Prepares New Refinance Push CNBC - 2:24PM Is the Refi 'Apocalypse' Really Upon Us? www.mersinc.org - 12:16PM MERS Prevails in Two Federal Appeals Cases NAR - 12:16PM Foreclosed Real Estate Selling at a 17 Percent Discount NAR - 12:16PM Thirty-One Percent of Houses Sold in Less than One Month in December 2012 freddiemac.mwnewsroom.com - 12:01PM Freddie Mac Supported Industry With $28.8 Billion in 2012 Multifamily Volumes Business Week - 8:08AM TARP Watchdog Spars With Treasury on Ally Financial Exit CNBC - 8:07AM US Mortgage Applications Fall as Refi Demand Drops Bloomberg - 12:13AM BofA Argues AIG Can't Sue Over Devalued Mortgage Bonds Today's Comments MBS Live Chat - 2:43PM "This was just updated on HUD website. http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2013/HUDNo.13-010..." MBS Live Chat - 3:00PM "One big impact of the MIP for life of loan is the impact to the APR. Check your loan now, then check the APR if you have MIP for life of loan...." MBS Live Chat - 2:37PM "RTRS- PIMCO'S GROSS SAYS FIRM IS SELLING LONGER-TERM SECURITIES IN RESPONSE TO FED "REFLATION" - CNBC..." MBS Live Chat - 2:37PM "RTRS- PIMCO'S GROSS SAYS QUANTITATIVE EASING TO SLOW DOWN IN EARLY TO MID 2014 - CNBC..." MBS Live Chat - 2:29PM "MMG just alerted my colleagues that the market was up 97bps. Useful for a good laugh, and probably some new clients for MBS Live...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.60% +0.02 15 Yr FRM 2.92% +0.01 FHA 30 Year Fixed 3.32% +0.02 Jumbo 30 Year Fixed 3.80% +0.01 5/1 Yr ARM 3.02% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.70% 1.16 -0.11 30 Yr. Fixed 3.47% 1.29 -0.07 MBA ** 30 Yr. Fixed 3.62% 0.43 +0.01 15 Yr. Fixed 2.87% 0.39 -0.01 30 Yr. Jumbo 3.85% 0.34 -0.03 30 Yr. FHA 3.40% 0.53 +0.01 5/1 ARM 2.61% 0.32 -0.05 Freddie Mac ** 30 Yr. Fixed 3.42% 0.70 +0.04 15 Yr. Fixed 2.71% 0.70 +0.05 1 Yr. ARM 2.57% 0.50 +0.00 5/1 Yr. ARM 2.67% 0.50 +0.00 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 3.0 103.25 +0.09 30YR FNMA 3.5 105.41 +0.08 30YR GNMA 3.0 104.30 +0.13 30YR GNMA 3.5 107.38 +0.05 15YR FNMA 3.0 104.94 +0.06 15YR FNMA 2.5 103.52 +0.06 Treasuries Yield Change 2 YR 0.2696% -0.0118 5 YR 0.8766% -0.0019 10 YR 1.9920% -0.0089 30 YR 3.1831% +0.0001 Prices as of: 1/30/2013 4:30PM 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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