Daily Newsletter: MBA, NAR Outline Importance of FHA; Discussing Builder Affiliate Relationships

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

30 Year Fixed 3.58%   +0.00 15 Year Fixed 2.91%   +0.00 10YR Treasury 1.88%   -0.0103 FNMA 30YR 3.5 105.77   +0.11 FNMA 15YR 2.5 105.25   +0.09 View Today's Rates

Thursday February 28, 2013 MND NewsWire - 2:33PM MBA, NAR Outline Importance of FHA David H. Stevens , President & CEO of the Mortgage Bankers Association (MBA), and Gary Thomas , President of the National Association of Realtors® (NAR) testified today before ... Pipeline Press - 3:45PM FHA and the Sequester; A Note in Defense of Builder Affiliate Relationships There are seasons to many foods. And folks into the culinary arts, and sustainable agriculture, will tell you that it is better to eat a peach in August grown within trucking distance ... MND NewsWire - 1:03PM Regulators Outline $9.3B Foreclosure Compensation Plan for 13 Servicers Over four million homeowners may be eligible for compensation for mortgage servicer-related problems under agreements announced today. The agreements with 13 servicers for deficient ... Mortgage Rate Watch - 4:17PM Mortgage Rates Aggressively Flat To End The Month Mortgage rates are even more sharply unchanged today than they were yesterday, which at least saw some consensus toward strength in the morning and weakness in the afternoon. In contrast ... Housing a Bright Spot in Fed's Latest Household Debt and Credit Report REO, Short Sales were 43 Percent of 2012 Market MBS RECAP: Mortgages Win Flatness Contest Vs Treasuries and Stocks Is the Mortgage Interest Deduction Impeding Home Ownership? Where do Industry Volumes Go in 2013; And What is Moving Rates? Chase Layoffs Mortgage Applications Fall 3.8% in Lackadaisical Holiday Week Pending Home Sales Highest Since 2010 Tax Credit Latest Video NY Fed Report on Household Debt & Credit Santelli: Sequester Exemptions Santelli's Midday Bond Report More News from 'Around the Web' Bloomberg - 7:49PM Freddie Mac Ends 2012 With Profit on Gains in U.S. Housing The Basis Point - 8:04PM Why The Jumbo Mortgage Market Is So Hot www.aei.org - 7:48PM National Association of Realtors continues to oppose FHA reform Bloomberg - 7:49PM Minnesota Counties Sue MERS, JPMorgan Over Filing Fees freddiemac.mwnewsroom.com - 7:42PM Freddie Mac Reports Fourth Quarter and Full-Year 2012 Financial Results NY Fed - 3:47PM McAndrews: The Economy and the Household Debt and Credit Report www.corelogic.com - 3:30PM CoreLogic Reports 61,000 Completed Foreclosures in January DataQuick - 3:30PM January Las Vegas Home Sales Report Bloomberg - 2:47PM FHA to Propose Own Version of Consumer Bureau Mortgage Rule Bloomberg - 2:38PM Housing Finance Gets Cooperative Look in Senate as House Fights Federal Reserve - 2:36PM Fed's Raskin: Reflections on Reputation and its Consequences CNBC - 2:33PM Killing Mortgage Interest Deduction; What the Fuss Is About Bloomberg - 12:55PM Fed Governor Raskin Says Bank Reputations Tarnished by Bailouts Business Week - 12:54PM Credit Suisse Issues $426 Million of Jumbo-Mortgage Bond Deal Bloomberg - 12:54PM U.S. Regulators Lay Out Compensation Plan for Foreclosure Accord CNN - 12:54PM Will Congress have the guts to kill the home mortgage deduction? Today's Comments Pipeline Press - 4:21PM "I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers - and I do mean coercing - to use an affiliated lender has to be addressed. I can provide whatever any builder would like to have as far as a pre-approval..." MBS Live Chat - 12:47PM "REPRICE : 12:47 PM - Interbank Better..." MND NewsWire - 3:05PM "I agree, Aaron. I'm being told it'll take 45 days for my license to be approved in CA, which is an incredibly long time...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.58% +0.00 15 Yr FRM 2.91% +0.00 FHA 30 Year Fixed 3.31% +0.00 Jumbo 30 Year Fixed 3.76% -0.01 5/1 Yr ARM 3.01% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.78% 0.76 +0.08 30 Yr. Fixed 3.53% 1.11 +0.06 MBA ** 30 Yr. Fixed 3.77% 0.48 -0.01 15 Yr. Fixed 3.03% 0.34 +0.00 30 Yr. Jumbo 3.93% 0.37 -0.01 30 Yr. FHA 3.54% 0.41 +0.00 5/1 ARM 2.65% 0.36 -0.01 Freddie Mac ** 30 Yr. Fixed 3.51% 0.80 -0.05 15 Yr. Fixed 2.76% 0.80 -0.01 1 Yr. ARM 2.64% 0.40 -0.01 5/1 Yr. ARM 2.61% 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 3.0 103.55 +0.14 30YR FNMA 3.5 105.77 +0.11 30YR GNMA 3.0 104.83 +0.17 30YR GNMA 3.5 107.78 +0.09 15YR FNMA 3.0 105.25 +0.09 15YR FNMA 2.5 103.83 +0.13 Treasuries Yield Change 2 YR 0.2422% -0.0039 5 YR 0.7676% -0.0095 10 YR 1.8842% -0.0103 30 YR 3.0944% +0.0000 Prices as of: 2/28/2013 4:31PM 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.

Daily Newsletter: Strong Home Sales and Price Reports; Mortgage Rates Falling

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

30 Year Fixed 3.57%   -0.02 15 Year Fixed 2.90%   -0.02 10YR Treasury 1.89%   +0.0223 FNMA 30YR 3.5 105.66   -0.03 FNMA 15YR 2.5 105.13   -0.06 View Today's Rates

Tuesday February 26, 2013 MND NewsWire - 12:26PM January New Home Sales Soar 15.6%, December Better than First Reported New home sales in January jumped to a seasonally adjusted annual rate of 437,000, a 15.6 percent increase over the December number of 378,000 and a 28.9 percent increase compared to ... MND NewsWire - 10:27AM Home Prices Close Out Strong 2012 with 6.8% Gain in December Along with the usual monthly data, S&P/Case Shiller Home Price Indices released this morning also included data for all of 2012 . The indices, a measure of U.S. home prices ended ... Mortgage Rate Watch - 3:24PM Mortgage Rates Lowest In More Than Two Weeks Mortgage rates moved lower today , extending their rally following yesterday's Italian election news. The situation in Italy continued to represent an unknown when trading got underway ... MND NewsWire - 2:53PM Q4 Bank Profits up 36.9 Percent from Previous Year Federal Deposit Insurance Corporation (FDIC) insured commercial banks and savings institutions posted an aggregate net income of $34.7 billion in the fourth quarter of 2012. This was ... Cordray: CFPB Addressing Debt Traps, Dead Ends, and Discrimination. MBS RECAP: Mostly Holding Monday's Impressive Gains FHFA Reports Home Prices Increase 1.4% in Q4 on Low Inventories Paper on Agency's Future; Free Bank Research Site; Status of Community Banks Bi-Partisan Commission Issues Suggestions for Housing Reforms Individual Loan Officer Applications Fall for the First Time Since 2011 Mortgage Rates Finish The Week Near Recent Highs Latest Video Refinancing at Low Rates Helps Homeowners Bernanke on Unwinding Assets Too Big To Fail Is Alive and Well: Sen. Vitter More News from 'Around the Web' Bloomberg - 4:09PM S&P MBS Suits Get Boost From Earlier Court Wins, States Say NAHB - 4:07PM NAHB: Tight Credit, Flawed Appraisals and Erratic Supply Chain Hurt Jobs, Housing Federal Reserve - 2:56PM Minutes of the Board's discount rates meetings from January 14 and January 28, 2013 WSJ - 1:41PM Housing's 'Wealth Effect' Isn't What It Used To Be www.aei.org - 11:59AM FHA Watch, January/February 2013 CNBC - 11:40AM Why ECB's Draghi Faces a Bond Market Dilemma The Huffington Post - 10:38AM Banks Could Owe HOW MUCH For Fraudulent MBS? Bloomberg - 10:30AM Bernanke Semiannual Monetary Policy Testimony (Text) CNBC - 10:29AM New Home Sales and Consumer Confidence Surge WSJ - 9:39AM Shiller's Bottom Line: Risk Lingers in Housing CNBC - 9:29AM JPMorgan Sees $1 Billion in Cost Cuts; Planned Cuts Include Reducing Staff by About 4,000 www.corker.senate.gov - 9:29PM Corker: Ball is in White House's Court on Proposing Necessary Changes at CFPB to Confirm Full Time Director Today's Comments MBS Live Chat - 11:58AM "stoic nature shaken yes, but "gotten the better of" not the way I heard it. Open to interpretation though...." MBS Live Chat - 11:59AM "there are almost no "um's" right now, vs a plethora around other topics..." MBS Live Chat - 11:59AM "okay. Bernanke always seems to be the smarter one in the conversation. Didn't see it with Warren...." MBS Live Chat - 12:32PM "REPRICE : 12:32 PM - Wells Fargo Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.57% -0.02 15 Yr FRM 2.90% -0.02 FHA 30 Year Fixed 3.30% -0.02 Jumbo 30 Year Fixed 3.77% -0.02 5/1 Yr ARM 2.99% +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 3.75% 0.43 +0.02 15 Yr. Fixed 3.01% 0.28 +0.01 30 Yr. Jumbo 3.98% 0.36 +0.02 30 Yr. FHA 3.53% 0.39 +0.00 5/1 ARM 2.66% 0.31 -0.06 Freddie Mac ** 30 Yr. Fixed 3.56% 0.80 +0.03 15 Yr. Fixed 2.77% 0.80 +0.00 1 Yr. ARM 2.65% 0.40 +0.04 5/1 Yr. ARM 2.64% 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 3.0 103.48 -0.08 30YR FNMA 3.5 105.66 -0.03 30YR GNMA 3.0 104.72 -0.05 30YR GNMA 3.5 107.63 +0.03 15YR FNMA 3.0 105.13 -0.06 15YR FNMA 2.5 103.70 -0.08 Treasuries Yield Change 2 YR 0.2461% +0.0042 5 YR 0.7665% +0.0048 10 YR 1.8877% +0.0223 30 YR 3.0832% +0.0230 Prices as of: 2/26/2013 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.