Daily Newsletter: Mortgage Rates Break Cyprus Slide; Servicers Loan Performance; Freddie's New Streamlined Modification

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30 Year Fixed 3.60%   -0.04 15 Year Fixed 2.93%   -0.03 10YR Treasury 1.85%   -0.0657 FNMA 30YR 3.5 105.59   +0.25 FNMA 15YR 2.5 105.19   +0.13 View Today's Rates

Wednesday March 27, 2013 Mortgage Rate Watch - 4:13PM Mortgage Rates Break Cyprus Slide, Move to 2-Week Lows Mortgage rates moved lower today at their fastest pace in more than a week, bringing them in line with their lowest levels since last week's Cyprus-related market movement. Lender pricing ... MND NewsWire - 5:34PM Servicers Report Loan Performance Continued to Increase in Q4 The Office of Comptroller of the Currency (OCC) is reporting that the quality of mortgage loans serviced by selected national and federal savings banks continued to improve in the fourth ... MND NewsWire - 12:06PM Freddie Mac Offers New Streamlined Modification Freddie Mac has announced a new Streamlined Modification Program that it says will "open a new gateway to mortgage relief for many of American's stuggling borrowers." Starting July ... MND NewsWire - 12:04PM Foreclosure Prevention has aided 2.7 million Fannie and Freddie Borrowers The Federal Housing Finance Agency ( FHFA ) says that Freddie Mac and Fannie Mae (the GSEs) assisted 130,000 homeowners with one or more of their foreclosure prevention programs in ... MBS RECAP: Bond Markets Rally As Eurozone Braces For Impact Tight Inventories Constrain Home Purchase Activity Refinancing Volume Breaks 10-Week Losing Streak Home Prices Accelerate in January, Posting Highest Yearly Increase Since 2006 Shadow Inventory Continues Rapid Decline, Down 28% from Peak OIG Finds GSEs, FHFA Lax in Oversight of Counterparty Compliance Study Suggests Mortgage Market Insiders Just as Oblivious to Housing Crash as Rest of Wall Street Latest Video Fed's Kocherlakota: Monetary Policy Not Accommodative Enough Pending Home Sales Down All America Survey: Hot Housing Here to Stay? More News from 'Around the Web' Business Week - 2:49PM Evans Says Fed Bond Buying Should Continue Through End of 2013 - Businessweek Business Week - 2:02PM New York Fed's Potter Says Latest Round of QE More Transparent Business Week - 2:01PM Fed's Kocherlakota Says 6.5% Unemployment Is No Rates 'Trigger' Market Watch - 12:44PM Fed's buying half of MBS issuance: official Business Week - 12:16PM Fannie Mae Regulator Sets No-Doc Modifications to Help Borrowers FHFA - 10:54AM FHFA Announces New Streamlined Modification Initiative Business Week - 12:09PM Foreclosure specialist indicted over kickbacks OCC - 10:52AM OCC Reports on Mortgage Performance for Fourth Quarter CNBC - 10:48AM Deep Freeze: Home Sales to Barely Budge in Spring CNBC - 9:32AM Mortgage Applications Rebounded Last Week freddiemac.mwnewsroom.com - 9:26AM Freddie Mac Issues Monthly Volume Summary for February 2013 Today's Comments MBS Live Chat - 2:00PM "REPRICE : 2:00 PM - Chase Better..." MBS Live Chat - 1:22PM "RTRS - FED'S KOCHERLAKOTA SAYS FED SHOULD DO MORE TO SPUR ECONOMY, CURB UNEMPLOYMENT, SEES ONLY MODERATE U.S. GROWTH OVER NEXT 2 YEARS..." MBS Live Chat - 1:16PM "The banks opening tomorrow in Cyprus s/b interesting. "Hi, thanks for coming in. We don't actually have any Euro's to give out, but if you want to give us some more, we'll gladly take them."..." MBS Live Chat - 1:03PM "Bit soft on the demand side, but not overly so. A bit lower on the yield award washes that out. Indirects in line. VERY uneventful "B" auction...." MBS Live Chat - 12:55PM "REPRICE : 12:55 PM - Wells Fargo Better..." MND NewsWire - 9:34AM "This study simply shows that even high paid mid-level mortgage securitization managers are no more inteligent than their high paid Wall Street counter parts. They are all equally motivated by greed. I do take exception to the "evidence" that "bad incentives caused loan officers...to relax lending standards..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.60% -0.04 15 Yr FRM 2.93% -0.03 FHA 30 Year Fixed 3.31% -0.04 Jumbo 30 Year Fixed 3.70% -0.04 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 3.82% 0.38 +0.01 15 Yr. Fixed 3.02% 0.36 +0.01 30 Yr. Jumbo 3.95% 0.36 +0.05 30 Yr. FHA 3.53% 0.31 +0.00 5/1 ARM 3.02% 0.36 +0.01 Freddie Mac ** 30 Yr. Fixed 3.54% 0.80 -0.09 15 Yr. Fixed 2.72% 0.70 -0.07 1 Yr. ARM 2.63% 0.40 -0.01 5/1 Yr. ARM 2.61% 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 3.0 103.14 +0.30 30YR FNMA 3.5 105.59 +0.25 30YR GNMA 3.0 104.55 +0.30 30YR GNMA 3.5 107.55 +0.22 15YR FNMA 3.0 105.19 +0.13 15YR FNMA 2.5 103.75 +0.20 Treasuries Yield Change 2 YR 0.2461% -0.0039 5 YR 0.7338% -0.0421 10 YR 1.8454% -0.0657 30 YR 3.0863% -0.0548 Prices as of: 3/27/2013 4:32PM 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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Daily Newsletter: Home Price Increases Accelerate; Lax Oversight at FHFA, GSEs; Shadow Inventory in Rapid Decline

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30 Year Fixed 3.64%   +0.01 15 Year Fixed 2.96%   +0.01 10YR Treasury 1.91%   -0.0070 FNMA 30YR 3.5 105.34   -0.09 FNMA 15YR 2.5 105.06   -0.03 View Today's Rates

Tuesday March 26, 2013 MND NewsWire - 10:39AM Home Prices Accelerate in January, Posting Highest Yearly Increase Since 2006 Average home prices increased in all 20 of the cities tracked by the S&P/Case-Shiller Home Price Indices over the 12 months ended in January. Each of Case-Shiller's city indices ... MND NewsWire - 9:07AM OIG Finds GSEs, FHFA Lax in Oversight of Counterparty Compliance Another report, the third in a week, has been issued by the Federal Housing Finance Agency's (FHFA) Office of Inspector General (OIG). The latest report is an assessment of FHFA's oversight ... MND NewsWire - 10:18AM Shadow Inventory Continues Rapid Decline, Down 28% from Peak The so-called shadow inventory continues to shrink and is now down 28 percent from its high point in January 2010. According to the January 2013 shadow inventory report from CoreLogic ... Pipeline Press - 11:08AM Wells Trims Use of Outside Legal Counsel; USDA Update; Various State Originator Websites and Possible Law Changes; HARP Shortcomings Remember in the "old days" when we didn't have government-sponsored refi programs like HARP? I seem to remember the rule of thumb being, "If you could save the borrower .5%, or a couple ... Mortgage Rates Increasingly Stuck at Recently Higher Levels MBS RECAP: Consumer Confidence And Euro Headlines Help New Home Sales Lost Ground in February Distressed Sales Drop to Less than One-Third of California Home Market Study Suggests Mortgage Market Insiders Just as Oblivious to Housing Crash as Rest of Wall Street What's up with Blackstone and the Overall Supply and Demand Picture? HUD App for Complaints Volume Rankings and Market Share Changing, Helping Smaller Lenders; Servicing Sales a Hot Topic Report Finds Fault with Freddie Mac, FHFA Handling of Servicer Complaint Process Latest Video All America Survey: Hot Housing Here to Stay? Shiller: Housing Looks Like a Mini Bubble Wells Fargo's Website Attacked By Hackers More News from 'Around the Web' CNBC - 4:15PM Senate Wages Fresh War Against Big Banks CNBC - 4:14PM Don't Get Taken by Rising Home Prices, Shiller Warns The Basis Point - 3:12PM Which Home Price Reports Matter & Why: Trulia Chief Economist Jed Kolko Explains Business Week - 2:38PM The FHFA's Home Insurance 'Crackdown' Is Late to the Game Reuters - 1:00PM Federal Reserve orders Citigroup to improve money laundering checks Reuters - 12:54PM Cyprus capital controls to be "loose" but island-wide CNBC - 9:09AM Cap, Don't Kill, the Mortgage Deduction: Pro NAFCU - 9:57PM Webcast digs deep into CFPB mortgage rules The Big Picture - 3:23PM Sheila Bair Takes on the Banks Today's Comments MBS Live Chat - 12:39PM "REPRICE : 12:39 PM - Sun West Mortgage Better..." MBS Live Chat - 12:42PM "REPRICE : 12:42 PM - Franklin American Better..." MBS Live Chat - 12:46PM "REPRICE : 12:46 PM - Plaza Better..." MBS Live Chat - 1:02PM "RTRS - IMF SAYS PRELIMINARY STRESS TESTS SUGGEST CAPITAL BUFFERS BUILT BY ITALIAN BANKS WOULD OFFSET MOST LOSSES GENERATED BY AN ADVERSE MACROECONOMIC SCENARIO..." MBS Live Chat - 12:18PM "RTRS - ITALY CENTRE-RIGHT OFFICIAL SAYS STILL WIDE DIFFERENCES WITH CENTRE-LEFT, IF NOT RESOLVED WILL HAVE TO BACK TO ELECTIONS..." MBS Live Chat - 12:06PM "So who can we line up to run their mouth in Europe tomorrow? Can we get a set schedule set up?..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.64% +0.01 15 Yr FRM 2.96% +0.01 FHA 30 Year Fixed 3.35% +0.01 Jumbo 30 Year Fixed 3.74% +0.01 5/1 Yr ARM 3.00% +0.00 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 3.82% 0.38 +0.01 15 Yr. Fixed 3.02% 0.36 +0.01 30 Yr. Jumbo 3.95% 0.36 +0.05 30 Yr. FHA 3.53% 0.31 +0.00 5/1 ARM 3.02% 0.36 +0.01 Freddie Mac ** 30 Yr. Fixed 3.54% 0.80 -0.09 15 Yr. Fixed 2.72% 0.70 -0.07 1 Yr. ARM 2.63% 0.40 -0.01 5/1 Yr. ARM 2.61% 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 3.0 102.84 -0.05 30YR FNMA 3.5 105.34 -0.09 30YR GNMA 3.0 104.25 -0.06 30YR GNMA 3.5 107.33 -0.09 15YR FNMA 3.0 105.06 -0.03 15YR FNMA 2.5 103.55 -0.03 Treasuries Yield Change 2 YR 0.2500% +0.0041 5 YR 0.7759% -0.0113 10 YR 1.9111% -0.0070 30 YR 3.1411% -0.0032 Prices as of: 3/26/2013 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

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