Daily Newsletter: Housing Market "Bubble within a Bust"; Eminent Domain; BofA Countrywide Settlement

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30 Year Fixed 3.48%   -0.01 15 Year Fixed 2.79%   -0.01 10YR Treasury 1.70%   -0.0240 FNMA 30YR 3.5 106.28   +0.08 FNMA 15YR 2.5 105.50   +0.09 View Today's Rates

Wednesday April 17, 2013 MND NewsWire - 11:21AM Housing Market May be Experiencing a "Bubble within a Bust" Wells Fargo Bank's Economics Group has issued commentary on housing which updates concerns it says it has raised over the past few month "that the influx of investors into the housing ... Pipeline Press - 12:42PM Eminent Domain Back in the News; HUD Secretary to Testify; Gold and Mortgages In real estate and lending, it pays to be aware, and be able to count, as shown in this short video . I have been asked to help an Orange County mortgage banker that is seeking a senior ... MND NewsWire - 12:28PM Bank of America Announces Countrywide Settlement along with Q1 Financial Results Bank of America (BOA) reported net income in the first quarter of 2013 of $2.6 billion or $0.20 per diluted share, up from net income of $653 million or $0.3 million per share in the ... MND NewsWire - 5:29PM Freddie Mac: Look Beyond Recent Job News to Larger Trends Freddie Mac's economists advise readers of its April Economic and Housing Outlook to look at employment growth over the past few months rather than the disappointing labor markets' ... Mortgage Rates Show Resolve To Remain In Recently Lower Range MBS RECAP: Volatile Session Leaves Bond Markets Mid-Range Commercial/Multi-family Loan Volume Increased One-third in 2012 Conventional Purchase Applications at 3-1/2 Year High Residential Loan Charge-offs Down 23 Percent from Q4, at Five Year Low CFPB Proposes Clarifying Changes to Final Escrow Rule Multi-Family Starts Lead Residential Construction, Single-Family Drags Quantifying The Surge In Post-Recession Rental Home Market Default Rates Down for First, Second Mortgages Latest Video Bank of America's Q1 Earnings Fall Short Santell's Three Wishes For Europe Apartment Construction Red Flags More News from 'Around the Web' CNBC - 2:17PM Fed's Beige Book: Construction, Auto Sales Boost US Economic Activity at Modest Pace Washington Post - 11:22AM The central bankers aren't heroes. They're guys who did their jobs when others didn't do theirs. mninews.marketnews.com - 10:51AM Fed Text: Snafu Fixed for Foreclosure Settlement Checks Bloomberg - 10:31AM Bank of America Cuts Most Workers in First Quarter to Trim Costs Bloomberg - 10:31AM BofA's Countrywide Agrees to $500 Million MBS Settlement House Financial Services - 10:27AM Who is Too Big to Fail?: Hearing Examines if Dodd-Frank Authorizes the Break Up of Financial Institutions www.mersinc.org - 10:27AM Georgia Court of Appeals Validates MERS' Role and Authority CNBC - 9:48AM Stocks Open Lower After Tepid Earnings; BAC Falls Federal Reserve - 9:48AM Federal Reserve provides information on checks sent under Independent Foreclosure Review Payment Agreement CNBC - 8:06AM Refinancing Boosts Mortgage Applications Bloomberg - 8:06AM BofA Misses Estimates as Lower Mortgage Income Crimps Results Bloomberg - 8:06AM PNC Net Income Increases 24% as Bank Cuts Costs, Boosts Revenue CNBC - 8:00AM Zandi Favors 'Targeted' Mortgage Reduction Today's Comments MBS Live Chat - 2:38PM "REPRICE : 2:38 PM - Sierra Pacific Better..." MBS Live Chat - 2:17PM "REPRICE : 2:17 PM - Flagstar Better..." MBS Live Chat - 2:06PM "REPRICE : 2:06 PM - Chase Better..." MBS Live Chat - 1:59PM "additional 70bps by end of year is what I am hearing..." MBS Live Chat - 1:59PM "when are they supposed to be implemented?..." MBS Live Chat - 1:59PM "new GFees are already on the agenda...." MBS Live Chat - 1:58PM "I was just going to ask the same thing, AP. New Gfees coming?..." MBS Live Chat - 1:56PM "new gfees?..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.48% -0.01 15 Yr FRM 2.79% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.59% -0.01 5/1 Yr ARM 3.00% +0.00 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 3.67% 0.50 -0.01 15 Yr. Fixed 2.91% 0.34 -0.01 30 Yr. Jumbo 3.77% 0.27 -0.02 30 Yr. FHA 3.37% 0.55 -0.06 5/1 ARM 2.57% 0.29 -0.01 Freddie Mac ** 30 Yr. Fixed 3.43% 0.80 -0.11 15 Yr. Fixed 2.65% 0.70 -0.09 1 Yr. ARM 2.62% 0.30 -0.01 5/1 Yr. ARM 2.62% 0.50 -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 3.0 104.17 +0.09 30YR FNMA 3.5 106.28 +0.08 30YR GNMA 3.0 106.00 +0.08 30YR GNMA 3.5 108.80 0.00 15YR FNMA 3.0 105.50 +0.09 15YR FNMA 2.5 104.34 +0.09 Treasuries Yield Change 2 YR 0.2299% +0.0000 5 YR 0.6969% -0.0049 10 YR 1.6984% -0.0240 30 YR 2.8787% -0.0290 Prices as of: 4/17/2013 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. 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