Daily Newsletter: Study Suggests Mortgage Market Insiders Just as Oblivious to Housing Crash as Rest of Wall Street

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30 Year Fixed 3.63%   -0.01 15 Year Fixed 2.95%   +0.00 10YR Treasury 1.92%   -0.0104 FNMA 30YR 3.5 105.44   +0.08 FNMA 15YR 2.5 105.09   0.00 View Today's Rates

Monday March 25, 2013 MND NewsWire - 1:05PM Study Suggests Mortgage Market Insiders Just as Oblivious to Housing Crash as Rest of Wall Street Were mid-level managers who essentially ran mortgage securitization during the housing boom aware of the systemic risks occurring in subprime portion of that market? Three researchers ... MND NewsWire - 3:40PM Distressed Sales Drop to Less than One-Third of California Home Market Equity sales , that is sales of non-distressed properties, now constitute two-thirds of all home sales in California compared to less than one-half only one year ago. A report from ... Pipeline Press - 11:02AM What's up with Blackstone and the Overall Supply and Demand Picture? HUD App for Complaints If you're like me, and believe the internet is lacking in places to anonymously voice your concerns, or if you have ever wanted to complain but just didn't have the time to pull over ... Mortgage Rate Watch - 3:38PM Mortgage Rates Flat To Slightly Lower To Begin Shortened Week Mortgage rates were, once again, unchanged in many cases today, though some lenders were slightly lower in cost than Friday's latest offerings. Trading levels in MBS (the mortgage-backed ... The Week Ahead: Holiday-Shortened, Europe Remains in Focus Volume Rankings and Market Share Changing, Helping Smaller Lenders; Servicing Sales a Hot Topic Feast or Famine; Home Builders now Face Labor Shortages Who Needs HARP 3 with Rampant Loan Mods? Fannie, Freddie Stocks Rally - Much Ado About Nothing? Home Size Preference Varies with Age, Ethnicity NAHB Finds OIG's Servicer Report Provokes Call for Congressional Hearing Freddie Mac: Economic Outlook going from Gloom to Bloom Report Finds Fault with Freddie Mac, FHFA Handling of Servicer Complaint Process Latest Video Quicken CEO Emerson on Housing, Ally Agreement Retirement Housing Boom Santelli & Liesman Tangle Over Big Ben's Policies More News from 'Around the Web' The Big Picture - 3:23PM Sheila Bair Takes on the Banks House Oversight - 2:37PM Warren and Cummings to Meet with Fed and OCC on Foreclosure Abuses CFPB - 2:36PM CFPB: Our progress on financial education Federal Reserve - 1:57PM Bernanke: Monetary Policy and the Global Economy NY Fed - 3:44PM Geographical Reallocation and Unemployment during the Great Recession: The Role of the Housing Bust Bloomberg - 10:42AM Nationstar in Settlement Talks in Lawsuit Over Loan Auctions CNBC - 10:41AM 'We Feel Like Crying': Cypriots Lament 'Terrible' Deal www.nytimes.com - 11:17PM Fair Game: Fannie Mae, Freddie Mac and the Same Old Song Reuters - 11:17PM UBS in settlement talks with SEC over mortgage bond deal: WSJ CNBC - 11:12PM Housing Could Withstand 4% Mortgages: Ex-FHA Head Today's Comments MBS Live Chat - 3:56PM "REPRICE : 3:56 PM - Suntrust Better..." MBS Live Chat - 3:07PM "REPRICE : 3:07 PM - Franklin American Better..." MBS Live Chat - 3:06PM "REPRICE : 3:06 PM - Sierra Pacific Better..." MBS Live Chat - 2:22PM "REPRICE : 2:22 PM - Flagstar Better..." MBS Live Chat - 2:03PM "Note the bounce for equities and Treasuries concides roughly with EU markets 5pm close. One decent guess is that the strong risk-off movement during European hours simply has less of a bid now that they're closed...." MBS Commentary - 2:38AM "Information and delivery of info has been outstanding. Saw some chat about CPFB interviewing employees about knowledgebase--I wonder when MND will become required course material...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.63% -0.01 15 Yr FRM 2.95% +0.00 FHA 30 Year Fixed 3.34% -0.01 Jumbo 30 Year Fixed 3.73% -0.01 5/1 Yr ARM 3.00% -0.02 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 3.0 102.89 +0.03 30YR FNMA 3.5 105.44 +0.08 30YR GNMA 3.0 104.31 +0.13 30YR GNMA 3.5 107.42 +0.13 15YR FNMA 3.0 105.09 0.00 15YR FNMA 2.5 103.58 +0.02 Treasuries Yield Change 2 YR 0.2459% -0.0081 5 YR 0.7872% -0.0130 10 YR 1.9181% -0.0104 30 YR 3.1443% -0.0065 Prices as of: 3/25/2013 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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