Daily Newsletter: Republicans Attack CFPB on Multiple Fronts; Interest Rate Risk; RESPA and Dodd-Frank Conflict

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30 Year Fixed 3.69%   -0.01 15 Year Fixed 2.99%   -0.01 10YR Treasury 2.02%   -0.0385 FNMA 30YR 3.5 104.95   +0.20 FNMA 15YR 2.5 104.83   +0.06 View Today's Rates

Tuesday March 12, 2013 MND NewsWire - 4:42PM Republicans Attacking CFPB on Multiple Fronts Republicans in Congress are pulling out all the stops to make sure that Richard Cordray is not confirmed to continue as Director of the Consumer Finance Protection Bureau (CFPB) and ... MND NewsWire - 12:40PM Threat Of Rising Rates Poses Funding Risks For GSEs And Banks The Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) has issued a white paper detailing how FHFA manages the interest rate risk faced by the two government ... Mortgage Rate Watch - 3:25PM Mortgage Rates Struggle To Improve Despite Bond Market Strength Mortgage rates are mixed to lower today, but some lenders are still in worse shape than yesterday afternoon's latest offerings. This stratification around unchanged levels belies the ... Pipeline Press - 11:30AM RESPA and Dodd-Frank Conflict on Incentives; To Appraise or Not to Appraise, that is the Question A few weeks ago the commentary mentioned repeated a note from a reader, "Fannie & Freddie are now allowing mortgage companies to offer incentives of up to $500 to induce consumers ... MBS RECAP: Biggest Rally Since Italian Elections Barely Makes A Dent VantageScore 3.0 Released, Touts Big Changes Less Than 4 Percent of Lenders 'Acceptable' According To New Risk Assessment Tool MBS Buying Clearly Helping, But May Need To Be Adjusted- Fed's Duke Ginnie Issuance Numbers; Continued MI News; Investor and Seminar News Investors Shouldn't be Worried about FHFA's Plan to Merge GSEs -Report HAMP Servicers Continue to Improve on Assessments: Housing Scorecard Senator Requests DOJ Investigation of LPS Related to Fees, Double-Billing Latest Video Transunion: Our Systems Were Not Hacked In Any Way Santelli Peers Into Fed's 'Crystal Ball' Santelli's Midday Bond Report More News from 'Around the Web' Business Week - 4:21PM BofA's Countrywide Asks Appeals Court to Undo MBIA Ruling Reuters - 3:02PM Equifax says probing unauthorized access of credit reports The Huffington Post - 1:34PM Elizabeth Warren Blasts Senate Republicans For Holding Up CFPB Nomination Bloomberg - 1:34PM U.S. Credit-Card Charge-Offs Reach 6-Year Low, Fitch Report Says Bloomberg - 1:30PM Treasuries Remain Higher After $32 Billion Three-Year Note Sale Bloomberg - 12:16PM Ally Will Sell Mortgage Servicing Rights to Ocwen Financial CNBC - 12:15PM El-Erian: Fed Faces One Of Its Toughest Jobs Ever www.aei.org - 11:11AM FHA Reform: Past, present, and future www.cfpbmonitor.com - 11:12AM Is another expansion of the CFPB's complaint system imminent? WSJ - 11:09AM Banks, Rating Firms Square Off Over Mortgage Bonds www.aei.org - 11:10AM Realty, Unreality: Are low appraisal values a problem in housing? Bloomberg - 7:39AM Banks' Debt Addiction Said to Face Scrutiny at Basel Meetings Today's Comments MBS Live Chat - 3:26PM "REPRICE : 3:26 PM - Wells Fargo Better..." MBS Live Chat - 3:35PM "REPRICE : 3:35 PM - Franklin American Better..." MBS Live Chat - 2:39PM "Plus 10 yr auction tomorrow...I'll have my finger on the trigger at 10 PST..." MBS Live Chat - 2:18PM "New DU Clarification: https://www.fanniemae.com/content/tool/du-clarification-foreclosure-preforeclosure-sale.pdf..." MBS Live Chat - 2:40PM "definitely floating overnight..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.69% -0.01 15 Yr FRM 2.99% -0.01 FHA 30 Year Fixed 3.40% -0.01 Jumbo 30 Year Fixed 3.81% -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 3.70% 0.39 -0.07 15 Yr. Fixed 2.96% 0.36 -0.07 30 Yr. Jumbo 3.80% 0.37 -0.13 30 Yr. FHA 3.47% 0.33 -0.07 5/1 ARM 2.55% 0.37 -0.10 Freddie Mac ** 30 Yr. Fixed 3.52% 0.70 +0.01 15 Yr. Fixed 2.76% 0.70 +0.00 1 Yr. ARM 2.63% 0.30 -0.01 5/1 Yr. ARM 2.63% 0.50 +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 3.0 102.39 +0.28 30YR FNMA 3.5 104.95 +0.20 30YR GNMA 3.0 103.81 +0.33 30YR GNMA 3.5 106.92 +0.19 15YR FNMA 3.0 104.83 +0.06 15YR FNMA 2.5 103.22 +0.09 Treasuries Yield Change 2 YR 0.2580% +0.0000 5 YR 0.8692% -0.0274 10 YR 2.0191% -0.0385 30 YR 3.2148% -0.0432 Prices as of: 3/12/2013 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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