Daily Newsletter: Fannie Mae's Record Earnings; Delinquencies Rise; Foreclosures Up In Judicial States; CFPB Second Thoughts

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30 Year Fixed 3.52%   +0.00 15 Year Fixed 2.75%   +0.00 10YR Treasury 1.81%   +0.0427 FNMA 30YR 3.5 106.11   -0.08 FNMA 15YR 2.5 105.45   -0.03 View Today's Rates

Thursday May 9, 2013 MND NewsWire - 1:33PM Fannie Mae's Record Earnings up the Ante For Taxpayers, by $52.4 Bln Fannie Mae reported today that it had pre-tax income of $8.1 billion in the first quarter of 2013, the largest quarterly results in the company's history. In the fourth quarter of 2012 ... MND NewsWire - 1:48PM Delinquencies Up On Seasonal Factors, Pre-2010 FHA Loans Underperform The National Delinquency Survey for the first quarter of 2013 shows an increase in delinquencies of 16 basis points (bps) to a seasonally adjusted rate of 7.25 percent for all outstanding ... MND NewsWire - 8:45AM Despite Overall Decline, Foreclosures Increasing In Judicial States Foreclosure filings fell 5 percent in April from the March levels and were down 23 percent from April 2012 RealtyTrac said today. Default notices scheduled auctions and bank repossessions ... MND NewsWire - 11:30AM CFPB Having Second Thoughts About Restricting Credit Insurance Financing The Consumer Financial Protection Bureau (CFPB) is proposing to delay implementation of part of the Loan Originator Compensation Requirements it issued in January. The proposed delay ... Evolution of Correspondent Lending; What Happens if QE3 Ends? Interesting Discrimination Action MBS RECAP: A Lot Less Dramatic Than It Looked Mortgage Rates Flat For Second Straight Day NAR: Some Areas Now Seeing Sellers' Markets Latest Video Get Into Bonds: Pro Banks Fight Back 90 Seconds with Art Cashin: Lot of Hostility to Fed More News from 'Around the Web' Bloomberg - 4:37PM Freddie Mac Plans to Start Sales of Non-Agency Mortgage Bonds Federal Reserve - 4:33PM Duke, A View from the Federal Reserve Board: The Mortgage Market and Housing Conditions zillow.mediaroom.com - 2:40PM One-third of Homebuyers Surveyed Are Ill-prepared to Get a Mortgage The Atlantic - 2:39PM If Hedge Funders Are So Smart, Why Are They So Relentlessly Wrong? WSJ - 2:39PM Home Prices Jump but Affordability Remains in Buyers' Favor Washington Post - 2:32PM Why are hedge fund titans so upset about the stock market boom? Bloomberg - 2:31PM Fed's Plosser Says Dodd-Frank Won't Curb Too-Big-to-Fail Risks - Bloomberg CNBC - 2:27PM Fannie Mae Should Be Abolished, Says Barney Frank www.nytimes.com - 12:51PM House Votes to Give Creditors Priority if Debt Ceiling Is Breached CNBC - 12:50PM Fannie Mae: From Bailout to Cash Cow CNBC - 12:47PM Don't Worry! Fed QE No Big Concern: Blackstone CEO CNBC - 7:49AM Why Foreclosure Crisis Far From Over CNN - 7:50AM Homebuyers clueless about mortgages CNBC - 10:05AM Sell in May and...Look Pretty Stupid Today's Comments MBS Live Chat - 1:02PM "RTRS - US TREASURY - PRIMARY DEALERS TAKE $7.31 BLN OF 30-YEAR BONDS SALE, INDIRECT $6.21 BLN..." MBS Live Chat - 1:02PM "relief rally time..." MBS Live Chat - 1:02PM "A-..." MBS Live Chat - 1:03PM "B+ from Rickster..." MBS Live Chat - 1:16PM "Any breakdown on how much of Fannie's revenue was repurchases/reimbursement for loss/compensatory fees...." MBS Live Chat - 1:20PM "page 3 and 4 here AP http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2012/q42012_release.pdf..." MBS Live Chat - 3:56PM "REPRICE : 3:56 PM - Interbank Worse..." MBS Live Chat - 3:56PM "REPRICE : 3:56 PM - Chase Worse..." MBS Live Chat - 3:57PM "REPRICE : 3:57 PM - Provident Funding Worse..." MBS Live Chat - 3:59PM "REPRICE : 3:59 PM - 360 Mortgage Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.52% +0.00 15 Yr FRM 2.75% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.64% +0.01 5/1 Yr ARM 2.97% -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 3.67% 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 3.42% 0.70 +0.07 15 Yr. Fixed 2.61% 0.70 +0.05 1 Yr. ARM 2.53% 0.40 -0.03 5/1 Yr. ARM 2.58% 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 3.0 103.86 -0.14 30YR FNMA 3.5 106.11 -0.08 30YR GNMA 3.0 105.67 -0.14 30YR GNMA 3.5 108.30 -0.08 15YR FNMA 3.0 105.45 -0.03 15YR FNMA 2.5 104.28 -0.02 Treasuries Yield Change 2 YR 0.2243% +0.0002 5 YR 0.7485% +0.0049 10 YR 1.8118% +0.0427 30 YR 2.9950% +0.0047 Prices as of: 5/9/2013 4:31PM 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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