Daily Newsletter: Fannie's Record Income; Vacation Home Sales Surge; Chase Mortgage Cutbacks

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30 Year Fixed 3.60%   -0.01 15 Year Fixed 2.91%   -0.02 10YR Treasury 1.86%   +0.0258 FNMA 30YR 3.5 105.67   -0.05 FNMA 15YR 2.5 105.27   -0.02 View Today's Rates

Tuesday April 2, 2013 MND NewsWire - 11:08AM Fannie Mae's Q4 and FY 2012 Income Set Company Records Fannie Mae reported today that the company had an annual net income of $17.2 billion for FY 2012 compared to a net loss of $16.9 billion in FY 2011. This was the largest annual income ... Pipeline Press - 5:04PM Chase Mortgage Cutbacks; FHA MIP Clarification; Modified Loan Performance; Thoughts on the Future of Securitization In 1981 Jimmy Carter handed the reins to Ronald Reagan. The prime rate hit 20.5% , and yes, people still bought houses. (It has been at 3.25% for the last four years.) Freddie and Fannie ... MND NewsWire - 11:07AM Sales of Vacation Homes Jump 10% in 2012 The improving economy is leading to mixed results for sales of non-owner occupied properties. The National Association of Realtors® (NAR) reported today that sales of vacation homes ... Mortgage Rate Watch - 2:55PM Mortgage Rates Near March Lows As Potential Volatility Looms Mortgage rates held steady or improved slightly today in MOST cases, though this isn't true for every lender. The day itself was flat and uneventful for the Mortgage-backed-securities ... MBS RECAP: Amazing Display Of Sideways Momentum Thoughts on Keeping the 30-yr Mortgage; Tax Implications of Cancelled Mortgage Debt Fed Study Finds REO Status Strongest Indicator of Property Problems Cordray says Consumer Complaints are Key to Helping Consumers and the Marketplace CFPB's New Financial Products Complaint Site Goes Live Today Shadow Inventory On The Rise After 2012 Foreclosure Legislation Latest Video Lockhart Predicts End of Asset Purchases Fannie Mae Record Profit Spring Housing Has Sprung More News from 'Around the Web' www.ourbroker.com - 2:41PM Are Three Missed Payments Required For FHA Short Sales? www.usnews.com - 2:39PM Do Record Profits Mean An End to Fannie Mae Conservatorship? The Atlantic - 2:39PM Welcome to Ireland, Where Mortgage Payments Are Optional and the Banks Are a Mess Bloomberg - 2:38PM Kocherlakota Says Fed Could Ease Further by Clarifying QE Pledge Market Watch - 2:37PM Bank of America settles MBS case for $165M Bloomberg - 2:37PM Energy Efficient Homes Reduce Risk of Mortgage Default CNBC - 2:36PM Fed's Lockhart Sees Asset Purchases Ending "Later This Year or Early Next" CNBC - 1:23PM How Binishells Hopes to Spark a Housing Revolution CNBC - 1:22PM Fannie Mae In the Black, Now What? www.fitchratings.com - 11:37AM Freddie Mac Data Bodes Well for Private Mortgage Market Google News - 10:23AM NAR: 2012 Vacation Home Sales Up, Investment Dips but Stays Elevated, Prices Rise Fannie Mae - 9:23AM Fannie Mae Reports Largest Net Income in Company History; $17.2 Billion for 2012 and $7.6 Billion Q4 NAFCU - 9:23AM Banks seeking appeal of FHFA suits CNBC - 7:59AM US Stocks Seen Up Ahead of Factory Data CNBC - 7:59AM Can Ten 'Wise Men' Really Save Italy? CNBC - 7:58AM El-Erian: Unfortunately, the Cyprus Crisis Is Not Yet Over Today's Comments MBS Live Chat - 1:57PM "RTRS- FED'S LOCKHART SAYS U.S. UNEMPLOYMENT UNLIKELY TO RETURN TO 4.5 PCT LEVEL SEEN PRIOR TO CRISIS..." MBS Live Chat - 1:57PM "WOW..." MBS Live Chat - 1:57PM "Ever?..." MBS Live Chat - 2:06PM "forgot to comment on the FNMA record profits, guess the G Fees worked..." MBS Live Chat - 2:07PM "Yeah, Boyke....hard to argue it's effectiveness on profitability..." MBS Live Chat - 2:08PM "brilliant, maybe that's how Cyprus got the idea..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.60% -0.01 15 Yr FRM 2.91% -0.02 FHA 30 Year Fixed 3.30% -0.01 Jumbo 30 Year Fixed 3.70% +0.00 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 3.57% 0.80 +0.03 15 Yr. Fixed 2.76% 0.70 +0.04 1 Yr. ARM 2.62% 0.30 -0.01 5/1 Yr. ARM 2.68% 0.60 +0.07 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 3.0 103.20 -0.11 30YR FNMA 3.5 105.67 -0.05 30YR GNMA 3.0 104.58 -0.11 30YR GNMA 3.5 107.66 -0.05 15YR FNMA 3.0 105.27 -0.02 15YR FNMA 2.5 103.89 -0.02 Treasuries Yield Change 2 YR 0.2421% -0.0001 5 YR 0.7724% +0.0160 10 YR 1.8624% +0.0258 30 YR 3.0999% +0.0216 Prices as of: 4/2/2013 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

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