Daily Newsletter: Residential Loan Charge-offs at Five Year Low; FHA and VA Price Jumps

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30 Year Fixed 3.49%   +0.01 15 Year Fixed 2.80%   +0.00 10YR Treasury 1.72%   +0.0358 FNMA 30YR 3.5 106.20   -0.09 FNMA 15YR 2.5 105.41   -0.08 View Today's Rates

Tuesday April 16, 2013 MND NewsWire - 4:42PM Residential Loan Charge-offs Down 23 Percent from Q4, at Five Year Low The Equifax March National Consumer Credit Trends Report presents more evidence that the home finance related credit picture is improving rapidly. The report shows that the level of ... Pipeline Press - 11:25AM Transactions Covered by the CFPB; FHA and VA Pricing Jump Explained; More on Assumability of Loan Types Well, April 15 is past us now. The United States is dealing with the terrible tragedy in Boston, and our thoughts go out to that city. April 15 was also "tax day": in 2009, Americans ... MND NewsWire - 10:32AM Multi-Family Starts Lead Residential Construction, Single-Family Drags Building permits were issued in March at a seasonally adjusted rate that was 3.9 percent lower than in February but 17.3 percent higher than one year earlier according to data released ... Mortgage Rate Watch - 1:46PM Mortgage Rates Snap Recent Winning Streak Mortgage rates moved higher today, breaking a three day trend of improvements that had rates approaching their 2013 lows. The will to push back against that recent move lower was evident ... MBS RECAP: Moderately Weaker Day, Guarded Against More Quantifying The Surge In Post-Recession Rental Home Market What Wells and Chase Results Indicate to Mortgage Bankers; Fined for Renegotiating a Rate Lock? Tight Inventories Spark California Home Price Boom Builders See Business Getting Better - Just not Right Now CFPB Proposes Clarifying Changes to Final Escrow Rule FHLBanks Get New Deputy Director of Regulation Wells Fargo Continues Record Earnings Streak, Despite Slip in Mortgage Business Latest Video Apartment Construction Red Flags Santelli's Midday Bond Report March Housing Starts Jump 7% ; While CPI Dips 0.2% More News from 'Around the Web' press.experian.com - 4:07PM National Credit Default Rates Decreased in March 2013 Bloomberg - 4:05PM Fed's Duke Sees Credit Easing Except in Mortgage Market NAHB - 4:03PM Statement from NAHB Chairman Rick Judson on Senate Immigration Bill Federal Reserve - 3:07PM Minutes of the Board's discount rates meetings from February 11 through March 18, 2013 content.govdelivery.com - 3:05PM FDIC Statement: Who Is Too Big To Fail? Examining the Application of Title I of the Dodd-Frank Act Bloomberg - 11:49AM Evans Says US Still Needs Fed QE Even With Brighter Outlook CNBC - 11:48AM Is Multi-Family Construction Overheating? CNBC - 11:29AM Breaking Up US Banks Means Chinese Banks Win: Bove Washington Post - 10:38AM IRS auditors targeting small business owners — but there are ways to protect your company Reuters - 10:36AM IMF trims global growth forecast, sees bumpy recovery www.census.gov - 10:09AM Census Bureau Reports Rental Vacancy Rates Down Nationally; Impact Differs by Metro Area www.mersinc.org - 9:53AM WA Superior Court Recognizes MERS as Agent of Beneficiary Market Watch - 9:05AM Fed's Dudley calls bond-buy level 'appropriate' CNBC - 8:58AM Housing Starts Jump 7.0% in March Vs. 7.3% in February Business Week - 7:14AM Plosser Favors Selling Securities in Eventual Fed Stimulus Exit S&P/Case Shiller - 10:44PM Housing Finance Agencies Fared Better Than States In The Recession Today's Comments MBS Live Chat - 12:18PM "yes, reg b states a credit decision has to be made within 30 days of application. they are hardcore on that here at wells retail, if we dont submit a file within 10 days of application our branch gets charged a penalty..." MBS Live Chat - 12:25PM "Just says that a creditor has to notify within 30 days though. Only references that it be in writing when adverse action is taken...." MBS Live Chat - 12:28PM "We have to send a Notice of Incompleteness if we have not made a decision in 30 days..." MBS Live Chat - 12:30PM "fixed 2nd..." MBS Live Chat - 12:32PM "REPRICE : 12:32 PM - Provident Funding Better..." MBS Live Chat - 12:38PM ""Sorry but I got my loan at Costco" Is this the future of our profession. Do people really mix finances and toilet paper together?..." MBS Live Chat - 12:38PM "both are commodities in the world of tomorrow..." MBS Live Chat - 12:39PM "Yeah, but bet they don't have any MND info at Costco!..." MBS Live Chat - 12:42PM "MG, MBS Live ticker in Costco...... Now we are cooking with peanut oil boys..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.49% +0.01 15 Yr FRM 2.80% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.60% +0.01 5/1 Yr ARM 3.00% +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 3.68% 0.43 -0.08 15 Yr. Fixed 2.92% 0.34 -0.07 30 Yr. Jumbo 3.79% 0.36 -0.06 30 Yr. FHA 3.43% 0.52 -0.05 5/1 ARM 2.58% 0.37 -0.02 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 3.0 104.08 -0.22 30YR FNMA 3.5 106.20 -0.09 30YR GNMA 3.0 105.92 -0.11 30YR GNMA 3.5 108.80 -0.05 15YR FNMA 3.0 105.41 -0.08 15YR FNMA 2.5 104.25 -0.08 Treasuries Yield Change 2 YR 0.2299% +0.0079 5 YR 0.7018% +0.0241 10 YR 1.7224% +0.0358 30 YR 2.9077% +0.0381 Prices as of: 4/16/2013 4:28PM 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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