Daily Newsletter: New Servicer Rules Address Disconnect; Rates Sharply Higher; 290 Homes for $189K?

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30 Year Fixed 3.50%   +0.07 15 Year Fixed 2.83%   +0.05 10YR Treasury 1.88%   +0.0618 FNMA 30YR 3.5 105.89   -0.33 FNMA 15YR 2.5 105.16   -0.20 View Today's Rates

Thursday January 17, 2013 MND NewsWire - 11:32AM New Servicer Rules Address Disconnect in a "Broken System" In remarks to a Mortgage Servicing Field Hearing this morning, Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), announced the release today of CFPB's final ... Mortgage Rate Watch - 4:00PM Mortgage Rates Sharply Higher, Erasing Most Of The Recent Recovery Mortgage rates shot higher on Thursday matching the quickest pace of the past several months seen at the beginning of January. Although rates didn't make it quite as high in absolute ... MND NewsWire - 10:32AM Foreclosures Relatively Stable in 2012, Some States Expected to Rise in 2013 There were a total of 2,304,941 foreclosure filings in the United States in 2012 affecting 1,836,634 properties or one in every 72 residential units. This is only a 3 percent decrease ... Future of the Mortgage Industry to be Decided in Tidal Wave of Regulations (in Next 6 Months) Freddie Mac Says Hybrid ARMs most Popular of an Unpopular Product Builder Confidence Index Stalls after Eight Months of Improvement Reaching 70% Purchase Volume in 2013 - A Lofty Goal?; Investor and M&A Updates; Mortgage Jobs Despite Economic Uncertainties, "Housing Market is Healing" Latest Video Fisher Says Fed Constantly Reassessing Stimulus U.S. Housing Starts Jumped in Dec. to 4-Year High New Rules Aim to Clean Up Mortgage Services More News from 'Around the Web' Market Watch - 4:22PM Geithner: U.S. economy close to full recovery CNBC - 4:21PM Shiller: Housing Malaise Could Resemble Japan's Lost Decade National Housing Conference - 4:21PM New report finds no evidence to discredit CRA in subprime housing boom—again NMLS - 4:19PM New NMLS Reference Guide: Company (MU1) Form Filing Instructions Washington Post - 1:09PM Mortgage servicing: a consumer guide CRL - 11:36AM CRL: CFPB Rules Hold Mortgage Servicers More Accountable freddiemac.mwnewsroom.com - 10:06AM Freddie Mac: Mortgage Rates Mostly Flat www.corelogic.com - 9:38AM CoreLogic Reports 1.4 Million Borrowers Returned to "Positive Equity" Year to Date Through the End of the Third Quarter of 2012 Bloomberg - 9:10AM Bank of America Cuts 14600 Employees in 2012 to Reduce Costs Today's Comments MBS Live Chat - 2:55PM "REPRICE : 2:55 PM - Citi Worse..." MBS Live Chat - 2:00PM "REPRICE : 2:00 PM - Pinnacle Worse..." MBS Live Chat - 1:50PM "REPRICE : 1:50 PM - Wells Fargo Worse..." MBS Live Chat - 1:20PM "REPRICE : 1:20 PM - Provident Funding Worse..." MBS Live Chat - 1:18PM "REPRICE : 1:18 PM - Kinecta Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.50% +0.07 15 Yr FRM 2.83% +0.05 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.70% +0.07 5/1 Yr ARM 3.02% +0.03 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 3.38% 0.70 -0.02 15 Yr. Fixed 2.66% 0.70 +0.00 1 Yr. ARM 2.57% 0.40 -0.03 5/1 Yr. ARM 2.67% 0.60 +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 3.0 103.95 -0.45 30YR FNMA 3.5 105.89 -0.33 30YR GNMA 3.0 105.00 -0.47 30YR GNMA 3.5 107.92 -0.33 15YR FNMA 3.0 105.16 -0.20 15YR FNMA 2.5 103.98 -0.22 Treasuries Yield Change 2 YR 0.2656% +0.0162 5 YR 0.7919% +0.0548 10 YR 1.8803% +0.0618 30 YR 3.0697% +0.0590 Prices as of: 1/17/2013 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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