Daily Newsletter: LO Comp Based on Product Type?; Freddie Sues Over LIBOR; Looser Underwriting, Quicker Closes

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30 Year Fixed 3.63%   +0.03 15 Year Fixed 2.93%   +0.02 10YR Treasury 1.96%   +0.0555 FNMA 30YR 3.5 105.28   -0.28 FNMA 15YR 2.5 105.13   -0.16 View Today's Rates

Wednesday March 20, 2013 Pipeline Press - 2:11PM LO Compensation Based on Product Type? Warehouse Banks to Approve Comp Plans? More Views on Gfee Changes I've been visiting Colorado this week, where some of the conversation involves yesterday's sentencing of two individuals for fraud. "The elaborate scheme involved phony or inflated ... MND NewsWire - 10:16AM Freddie Mac Sues 15 Banks over LIBOR Scheme Freddie Mac has filed a complaint in federal court in Alexandria, Virginia alleging that 15 banks , including Bank of America, JP Morgan Chase, UBS, and Citigroup manipulated the London ... MND NewsWire - 3:16PM New Dividend Structure May Speed GSEs' Treasury Debt Payoff The Federal Housing Finance Agency's Office of Inspector General ( FHFA OIG ) released a report today examining the recent changes to the Preferred Senior Stock Purchase Agreements ... MND NewsWire - 3:27PM Legislation would Remove Lending Barriers for Home Builders Representatives Gary Miller (R-CA) and Carolyn McCarthy (D-NY) have introduced legislation to increase the access of homebuilders to credit . HR 1255, The Home Construction Lending ... MND NewsWire - 12:14PM Ellie Mae Notes Looser Underwriting, Quicker Closes Ellie Mae's Origination Insight Report for February noted a distinct drop in the share of loans originated for refinancing during the month. After spiking to 73 percent in January, ... Mortgage Rates Rise Following Following Fed Statement, Not Necessarily Because Of It Differences Between Current And Previous FOMC Statements Refinancing Share of Mortgage Applications at 10 Month Low MBS RECAP: Negative Reprices Rolling In As Day Winds Down DeMarco: Should Government Set Standards, Backstop the Market, or Continue to Issue Guarantees? Establishing a New Fannie Mae in Texas? How Gfees are a Tax on Borrowers; Thoughts on Cutting Weak Producers Housing Starts Rise, Permits at Four-and-half Year High Infrastructure Challenges Sap Builder Confidence Despite Increased Demand Nine Attorneys General Demand DeMarco Ouster Latest Video Bernanke: Fed Bond Buying Costs Manageable Reason for Optimism: Housing Santelli's 'March Madness' Includes Cyprus and Stocks More News from 'Around the Web' Bloomberg - 4:20PM JPMorgan to Sell Bonds Backed by $616 Million of Mortgages www.nytimes.com - 3:48PM In U.S., Surprise Housing Demand Catches Industry Off-Guard freddiemac.mwnewsroom.com - 3:23PM Freddie Mac: From Gloom to Bloom - March Economic and Housing Market Outlook Federal Reserve - 2:07PM Fed: Economic Projections from the March 19-20 FOMC Meeting CNBC - 1:41PM Cyprus' Banks to Remain Closed Until Next Tuesday CFPB - 1:40PM CFPB: We're studying the costs of complying with consumer finance regulations www.cfpbmonitor.com - 1:13PM Cordray nomination goes to full Senate NAHB - 1:11PM Home Buyer Age Impacts Home Size Preference According to NAHB Survey CNBC - 1:09PM Fed's $4 Trillion Question: Where's the Exit Door? Market Watch - 10:47AM Fannie Mae, Freddie Mac stock up more than 20% www.aia.org - 9:25AM Architecture Billings Index Continues to Improve at a Healthy Pace Bloomberg - 8:05AM Lennar Earnings Beat Estimates as Housing Recovery Continues Today's Comments MBS Live Chat - 3:57PM "Squeezed 3 locks in before that one. Much appreciated on the alert MG..." MBS Live Chat - 3:57PM "i locked two - very helpful service..." MBS Live Chat - 3:58PM "Frankly, can't imagine positioning myself as a mortgage professional without access to a top notch bond tracking service...." MBS Live Chat - 4:07PM "Locked 2 before any changes. Thanks MND!..." MBS Live Chat - 3:56PM "REPRICE : 3:56 PM - Pinnacle Worse..." MBS Live Chat - 4:13PM "REPRICE : 4:13 PM - Flagstar Worse..." MBS Live Chat - 4:13PM "REPRICE : 4:13 PM - Stearns Lending Worse..." MBS Live Chat - 4:13PM "REPRICE : 4:13 PM - Provident Funding Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.63% +0.03 15 Yr FRM 2.93% +0.02 FHA 30 Year Fixed 3.34% +0.02 Jumbo 30 Year Fixed 3.73% +0.02 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 3.63% 0.80 +0.11 15 Yr. Fixed 2.79% 0.80 +0.03 1 Yr. ARM 2.64% 0.40 +0.01 5/1 Yr. ARM 2.61% 0.60 -0.02 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 3.0 102.69 -0.44 30YR FNMA 3.5 105.28 -0.28 30YR GNMA 3.0 104.06 -0.45 30YR GNMA 3.5 107.20 -0.28 15YR FNMA 3.0 105.13 -0.16 15YR FNMA 2.5 103.56 -0.27 Treasuries Yield Change 2 YR 0.2500% +0.0121 5 YR 0.8081% +0.0307 10 YR 1.9564% +0.0555 30 YR 3.1966% +0.0709 Prices as of: 3/20/2013 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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