Daily Newsletter: December Housing Scorecard; Wells Record Income; QM's 804 Pages

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 3.45%   -0.01 15 Year Fixed 2.80%   -0.01 10YR Treasury 1.86%   -0.0352 FNMA 30YR 3.5 106.09   -0.13 FNMA 15YR 2.5 105.39   -0.11 View Today's Rates

Friday January 11, 2013 MND NewsWire - 4:36PM December Housing Scorecard Points to Improving Home Equity and Prices The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the December edition of the Obama Administration's Housing Scorecard ... Mortgage Rate Watch - 3:25PM Mortgage Rates Eke Out Minor Improvements After Late-Day Reversal Mortgage rates were essentially unchanged Today. On average, rates were slightly higher to begin the day, but an afternoon reversal in bond markets was sufficiently strong to prompt ... MND NewsWire - 12:36PM Wells Fargo Income Sets Record in 2012; Q4 Originations Income Down 10% Wells Fargo reported today that its fourth quarter and full 2012 net income set new record highs . Fiscal Year 2012 earnings were $18.9 billion; an increase of 19 percent from 2011 ... Pipeline Press - 9:05AM How Many Pages is the Actual QM Rule? Fed Earns Record $89B on MBS and Treasury Holdings Do you owe any money on your home? Lots of owners do, a lot don't. Usually we see these "free and clear numbers from the Census Bureau, but this week they come to us from Zillow, which ... Industry Groups React to QM CFPB Releases Final Rule on Ability to Repay, Leaves Back Door Open on DTI 2012 On Pace to be Record Year for Housing Affordability Real Estate Web Searches Climb 253% in Four Years as 90% of Homebuyers Use Internet as Primary Research New HUD Research Tool Offers a Wealth of Housing Data Mortgage Application Volume Bounces Bank from Holiday Lull Latest Video Banks Will Benefit From Housing Recovery: Expert Santelli: We've Seen this Housing Movie Before! Plosser Says Fed Pursuing `Risky Monetary Policy' More News from 'Around the Web' Bloomberg - 3:45PM MBIA Sues Flagstar Unit for Losses on Mortgage Securities S&P/Case Shiller - 4:23PM Interview with David Blitzer: Housing Market Outlook for 2013 Bloomberg - 11:42AM Wells Fargo's CFO Says Fiscal Cliff Spurred Fourth-Quarter Loans Washington Post - 9:06AM IMF: Yes, America is profligate Washington Post - 8:26AM New mortgage rules give small banks a chance WSJ - 9:31PM Fed's Record-Breaking Profit Business Week - 9:27PM Kocherlakota Sees Record Fed Stimulus as 'Too Tight' SIFMA - 9:25PM SIFMA Statement on the CFPB's Qualified Mortgage Definition Today's Comments MBS Commentary - 11:21AM "Matt, "The" best explanation for the candlestick graph I have seen, and, great commentary as usual. The pundits say the economy is back. All is good. Unemployment on the mend. We should feel great and spend money. There is no way a consumer spending based economy is dead! Every January and February since..." MND NewsWire - 2:11PM "The HVCC expired November 2010. Lenders and Banks do not have to use AMCs. Added appraisal requirements are placed there by regulatory agencies. The appraisers are just required to follow them. Complain to the regulatory agencies...." MBS Live Chat - 2:31PM "Who are you guys using for Freddie relief? I use 5/3 with their unbelievable turn times, but need an MI transfer that they won;t do now...." MBS Live Chat - 2:36PM "REPRICE : 2:36 PM - Pinnacle Better..." MBS Live Chat - 2:39PM "REPRICE : 2:39 PM - Chase Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.45% -0.01 15 Yr FRM 2.80% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.65% -0.02 5/1 Yr ARM 2.98% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.81% 1.00 -0.10 30 Yr. Fixed 3.54% 1.24 -0.08 MBA ** 30 Yr. Fixed 3.61% 0.41 +0.09 15 Yr. Fixed 2.88% 0.39 +0.02 30 Yr. Jumbo 3.78% 0.38 +0.03 30 Yr. FHA 3.35% 0.69 +0.01 5/1 ARM 2.64% 0.37 -0.01 Freddie Mac ** 30 Yr. Fixed 3.40% 0.70 +0.06 15 Yr. Fixed 2.66% 0.70 +0.02 1 Yr. ARM 2.60% 0.50 +0.03 5/1 Yr. ARM 2.67% 0.60 -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 3.0 104.27 -0.11 30YR FNMA 3.5 106.09 -0.13 30YR GNMA 3.0 105.44 +0.03 30YR GNMA 3.5 108.06 -0.06 15YR FNMA 3.0 105.39 -0.11 15YR FNMA 2.5 104.22 -0.11 Treasuries Yield Change 2 YR 0.2489% -0.0034 5 YR 0.7757% -0.0193 10 YR 1.8641% -0.0352 30 YR 3.0446% -0.0476 Prices as of: 1/11/2013 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

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.