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

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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

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