Daily Newsletter: CDIA Disuptes 60 Minutes Report of 40M Errors; Mortgage Delinquency at 4-Year Low

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30 Year Fixed 3.57%   -0.01 15 Year Fixed 2.90%   -0.01 10YR Treasury 1.98%   +0.0126 FNMA 30YR 3.5 105.16   -0.09 FNMA 15YR 2.5 104.84   -0.11 View Today's Rates

Tuesday February 12, 2013 MND NewsWire - 10:22AM Mortgage Delinquency Falls To 4-Year Low, But Remains Historically Elevated TransUnion said today that the serious mortgage delinquency rate is heading downhill at a quickening pace, however long term delinquencies and the slow process of resolving them are ... MND NewsWire - 3:29PM Credit Bureau Association Disputes 60 Minutes Contentions of 40 Million Errors The credit reporting industry's trade group, the Consumer Data Industry Association (CDIA) is vigorously disputing much of a CBS 60 Minutes (watch below) report that aired last Sunday ... MND NewsWire - 5:37PM Freddie Mac: 27% of Borrowers Refinanced into Shorter Term Freddie Mac borrowers who refinanced in the fourth quarter of 2012 overwhelmingly picked a fixed rate mortgage (FRM) and 27 percent of them chose to shorten their loan term . Freddie ... Mortgage Rate Watch - 3:30PM Mortgage Rates Slightly Lower Despite Market Weakness Mortgage rates continued to inch lower on Tuesday as part of a two day move back down from recent highs. The change in rates compared to yesterday's latest offerings isn't enough to ... MBS RECAP: Modest Mid-Day Rally, Weaker Since Then CFPB: Consumers must not be Collateral Damage in Servicing Transfers Nevada Looks to Reduce Shadow Inventory by Purchasing $150M in Delinquent Mortgages Mortgage Servicers Modify 850,000 Loans in 2012: HOPE NOW Home Prices Grow at Fastest Pace in Seven Years Potential Fallout of Cordray's CFPB Appointement being Invalidated Latest Video Rep Hensarling: FHA Nation's Largest 'Subprime' Lender Bair Says Ratings Companies Need Regulatory Changes Santelli's Midday Bond Report More News from 'Around the Web' WSJ - 5:40PM Report: Rules Could Exclude Nearly Half of Recent Mortgages The Huffington Post - 2:59PM 46 Members Of Congress Are Carrying Student Loan Debt: Report www.ourbroker.com - 5:41PM Mortgage Foreclosure "Dual-Tracking" Abuses To End WSJ - 2:57PM Fannie Mae Rebuffed on Insurance Plan www.builderonline.com - 2:58PM Census Report Provides Snapshot of Foreign-Born Homeownership CNBC - 2:32PM Fed's George Warns of Market Disruption if it Sells Lots of MBS Bloomberg - 11:14AM Biggest Banks and Housing Top House Republicans' Finance Agenda Fannie Mae - 10:03AM Fannie Mae Announces New HomePath for Short Sales Escalation Process www.mersinc.org - 9:28AM New York State Supreme Court Rejects Mortgage/Note "Splitting" Claim Bloomberg - 10:57PM ResCap Seeks Approval of Chief Restructuring Office www.cfpbmonitor.com - 10:54PM Director Cordray to appear before Congress on February 14 Today's Comments MBS Live Chat - 1:30PM "RTRS - LOCKHART CITES RECOVERING HOUSING SECTOR, STRONG HOUSING SALES, "VIBRANT" HYDROCARBON ENERGY MARKET AS BRIGHT SPOTS IN ECONOMY..." MND NewsWire - 11:28AM "Things are getting better..." MBS Live Chat - 1:08PM "MG, If the president hints tonight at QE4 (no idea if that happens)..........would that help or hurt us?..." MBS Live Chat - 1:11PM "Fed would be the one dealing with that, TN. Doubt there's any reference (direct or indirect) to it tonight...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.57% -0.01 15 Yr FRM 2.90% -0.01 FHA 30 Year Fixed 3.29% -0.01 Jumbo 30 Year Fixed 3.77% +0.00 5/1 Yr ARM 3.01% +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 3.73% 0.43 +0.06 15 Yr. Fixed 3.00% 0.33 +0.05 30 Yr. Jumbo 3.96% 0.38 +0.01 30 Yr. FHA 3.53% 0.38 +0.05 5/1 ARM 2.72% 0.30 +0.12 Freddie Mac ** 30 Yr. Fixed 3.53% 0.80 +0.00 15 Yr. Fixed 2.77% 0.70 -0.04 1 Yr. ARM 2.53% 0.40 -0.06 5/1 Yr. ARM 2.63% 0.60 -0.07 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 3.0 102.94 -0.17 30YR FNMA 3.5 105.16 -0.09 30YR GNMA 3.0 104.09 -0.20 30YR GNMA 3.5 107.23 -0.13 15YR FNMA 3.0 104.84 -0.11 15YR FNMA 2.5 103.55 -0.02 Treasuries Yield Change 2 YR 0.2700% +0.0120 5 YR 0.8653% +0.0161 10 YR 1.9770% +0.0126 30 YR 3.1877% +0.0147 Prices as of: 2/12/2013 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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