Daily Newsletter: MBA's Stevens Critical of FHFA Securitization Platform Proposal; Home Prices up 9.7%

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30 Year Fixed 3.58%   +0.01 15 Year Fixed 2.91%   +0.01 10YR Treasury 1.90%   +0.0172 FNMA 30YR 3.5 105.70   -0.08 FNMA 15YR 2.5 105.22   -0.05 View Today's Rates

Tuesday March 5, 2013 MND NewsWire - 3:24PM MBA's Stevens Critical of FHFA Securitization Platform Proposal The Mortgage Bankers Association (MBA) has reacted harshly to an announcement made yesterday by Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency. In a speech ... MND NewsWire - 9:48AM DeMarco Outlines Plan to Merge Fannie, Freddie into New Securitization Firm Edward J. DeMarco announced that the Federal Housing Finance Agency plans to establish a new entity, independent of Fannie Mae and Freddie Mac (GSEs), to design and implement a new ... Mortgage Rate Watch - 3:39PM Mortgage Rates Continue Higher As Market Activity Increases Mortgage rates moved slightly higher again on Tuesday, continuing a gentle drift higher from the lowest levels in several weeks on Friday. While yesterday's rates were arguably in line ... MND NewsWire - 11:38AM Home Prices Rise 9.7%, Largest Annual Gain Since 2006: CoreLogic Home prices as measured by the CoreLogic Home Price Index (HPI) had the largest annual increase in January that it had experienced since April 2006. The January number was up 9.7 percent ... Consortium of 49 Groups Asks Regulators to Align QM, QRM Fannie Mae Announces 2012 Servicer Achievement Scores MBS RECAP: Slightly More Active, Same Short Term Range Sticking to the Plan with FHFA Strategies and Securitization Platform; Unbridled Financial Institution Mergers and Acquisitions; REIT Chatter Reverse Mortgage Lending Dips; PHH's Private Label Subservicing; More on Hiring Millennials A Housing Riddle: Why did the Homeowner Stop Making their Mortgage Payments? Latest Video The 'New Normal' in Fixed Income: Expert Student Loans: The New Subprime? Santelli's Midday Bond Update More News from 'Around the Web' Business Week - 2:08PM ResCap Will Get More Time to File Exit Plan, Judge Says www.treasury.gov - 1:54PM Treasury Reminds Homeowners to Beware of Mortgage Assistance Scams CNBC - 3:44PM Citi CEO Corbit: 'Not Afraid' To Make Additional Cuts CRL - 3:44PM CRL Response to CoreLogic Analysis of Qualified Mortgage (QM) Standards SIFMA - 2:00PM SIFMA Submits Comments on FINRA's Recruitment Compensation Disclosure Proposal Washington Post - 11:42AM Why has Congress left housing to Fannie Mae and Freddie Mac? CNBC - 11:40AM Las Vegas' Housing Boom Gamble www.gallup.com - 9:21AM U.S. Economic Confidence Falls as Sequester Becomes Reality www.mersinc.org - 9:19AM MERS Prevails Again over "Split the Note" Claim WSJ - 7:44AM Fannie, Freddie to Merge Some Operations CRL - 9:08PM CRL: State Actions Still Needed to Prevent Unnecessary Foreclosures NY Fed - 9:07PM Fed: Household Leveraging and Deleveraging Today's Comments MBS Live Chat - 3:02PM "I think most of the FOMC would agree that withdrawal is "a ways" off and "conditional," but for some reason, they're feeling the need to address it increasingly. I think that reason has most to do with the fact that they didn't fully appreciate the impact that the Jan 3rd minutes would have insofar as..." MBS Live Chat - 3:03PM "Long story short, it's like we were climbing a mountain, and now the perception is we've reached the peak and now can concern ourselves with calculating the method, pace, timing, and consequence of our potential descent...." MBS Live Chat - 2:20PM "even witha bad adp or nfp, probably still tough to get below 1.83 on 10yr...good jobs data we can easily get to 2.05 and maybe 2.10..." MBS Live Chat - 2:19PM "i'll likely lock 1-3..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.58% +0.01 15 Yr FRM 2.91% +0.01 FHA 30 Year Fixed 3.31% +0.01 Jumbo 30 Year Fixed 3.75% +0.00 5/1 Yr ARM 2.99% -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 3.0 103.42 -0.11 30YR FNMA 3.5 105.70 -0.08 30YR GNMA 3.0 104.66 -0.14 30YR GNMA 3.5 107.64 -0.14 15YR FNMA 3.0 105.22 -0.05 15YR FNMA 2.5 103.84 -0.06 Treasuries Yield Change 2 YR 0.2421% +0.0039 5 YR 0.7740% +0.0144 10 YR 1.8961% +0.0172 30 YR 3.1048% +0.0168 Prices as of: 3/5/2013 4:17PM 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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