Daily Newsletter: REITs Roar; Wells Moving Out of Joint Ventures, into Europe; Two Industry Questions Worth Pondering

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30 Year Fixed 3.62%   +0.01 15 Year Fixed 2.94%   +0.01 10YR Treasury 2.01%   +0.0138 FNMA 30YR 3.5 105.22   -0.05 FNMA 15YR 2.5 104.94   +0.05 View Today's Rates

Friday February 15, 2013 Pipeline Press - 10:43AM REITs Roar; Wells Moving Out of Joint Ventures, into Europe; Two Industry Questions Worth Pondering Anyone buying huge swaths of houses had better make sure they know what they're buying. (Meth labs? 84,000? 5%?) Here you go . Showing my age, I grew up celebrating both Lincoln's and ... Mortgage Rate Watch - 1:36PM Mortgage Rates Unchanged To Slightly Higher Heading Into 3-Day Weekend Mortgage rates moved modestly higher for some lenders today, while others remained closer to unchanged territory. Following Wednesday's swing to 6-month highs, this leaves the average ... MND NewsWire - 10:04AM Senators Push for QRM Matching Dodd-Frank Intent Three of the senators who helped frame parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 have again written to financial regulators asking them to respect ... MND NewsWire - 4:30PM Housing Seen as Emerging Bright Spot by Freddie Mac Economists Even with the unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of 2012, Freddie Mac's chief economist Frank E. Nothaft , and deputy chief Leonard Kiefer ... MBS MID-DAY: Back To Yesterday Morning's Levels Who Owns 10,000 Houses? Finance Industry and Cybersecurity; QM's Impact on Volumes 7 Years from Now Foreclosure Activity Drops Sharply Thanks to New California Law FHA's Galante Asks Congress For Increased Authority To Hold Lenders Accountable CPFB Announces Implementation Plan to Help Lenders Comply FHFA Ruling on Forced Placed Insurance Criticized by Consumer Groups Credit Bureau Association Disputes 60 Minutes Contentions of 40 Million Errors Latest Video Santelli's Morning Bond Update Power House: Las Vegas' Housing Market The 'Lew Effect' on Big Banks More News from 'Around the Web' CFPB - 1:06PM CFPB: Qualified mortgages explained Reuters - 12:10PM Awaiting proof of the "Great Rotation" DataQuick - 8:53AM DataQuick: January California Home Sales Report www.usnews.com - 8:52AM Where Have All the Foreclosures Gone? The Huffington Post - 8:51AM Elizabeth Warren Embarrasses Bank Regulators WSJ - 8:51AM Regulators Open to Lending-Rule Changes The Huffington Post - 8:49AM Financial Crisis Cost Is Staggering, Government Report Finds NAFCU - 8:48AM Cordray details mortgage rule implementation Bloomberg - 8:26AM Krugman Says Fed Low Rates Key to Housing Recovery www.federalregister.gov - 8:25AM Mortgage Servicing Rules Under the Truth in Lending Act (Regulation Z) Today's Comments MND NewsWire - 3:22PM "You only have to look at the National Association of Realtors to see the benefits of self-policing. NAR has installed a standard of ethics and duties for its members and created a strong enough lobby in Congress that they may be frequently attacked, but rarely lose a battle. The diligence with which..." MBS Live Chat - 11:40AM "filing toward the exits in mostly orderly fashion ahead of 3-day weekend. That's ALL I'm seeing so far... It happens to be bond-market-negative today, but that was the highest probability scenario if you believe in the increasingly compressed range heading into next week's FOMC. Just staying between..." MBS Live Chat - 9:54AM "RTRS - FED'S PIANALTO SAYS REDUCING ASSET PURCHASES FROM CURRENT LEVEL 'WOULD BE ALL THE MORE ATTRACTIVE' IF ECONOMIC OUTLOOK CONTINUES TO IUMPROVE, AS SHE EXPECTS..." MBS Live Chat - 9:55AM "THOMSON REUTERS/U. OF MICH US CONSUMER SENTIMENT PRELIMINARY FEBRUARY 76.3 (CONSENSUS 74.8) VS FINAL JANUARY 73.8..." MBS Live Chat - 9:53AM "RTRS - FED'S PIANALTO SAYS BENEFITS OF FED ASSET PURCHASES MAY BE DIMINISHING OVER TIME..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.62% +0.01 15 Yr FRM 2.94% +0.01 FHA 30 Year Fixed 3.33% +0.01 Jumbo 30 Year Fixed 3.80% +0.00 5/1 Yr ARM 3.02% -0.01 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 3.53% 0.80 +0.00 15 Yr. Fixed 2.77% 0.80 +0.00 1 Yr. ARM 2.61% 0.30 +0.08 5/1 Yr. ARM 2.64% 0.60 +0.01 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 3.0 102.83 -0.14 30YR FNMA 3.5 105.22 -0.05 30YR GNMA 3.0 104.02 -0.13 30YR GNMA 3.5 107.17 -0.09 15YR FNMA 3.0 104.94 +0.05 15YR FNMA 2.5 103.45 -0.05 Treasuries Yield Change 2 YR 0.2701% +0.0041 5 YR 0.8685% +0.0145 10 YR 2.0121% +0.0138 30 YR 3.1859% +0.0085 Prices as of: 2/15/2013 3:44PM 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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