Daily Newsletter: Record Drop In Mortgage Delinquencies; Freddie Mac Earnings Near Record; Schneiderman Not Pulling Punches re: DeMarco

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30 Year Fixed 3.52%   +0.00 15 Year Fixed 2.75%   +0.00 10YR Treasury 1.77%   -0.0104 FNMA 30YR 3.5 106.19   +0.06 FNMA 15YR 2.5 105.48   +0.03 View Today's Rates

Wednesday May 8, 2013 MND NewsWire - 12:46PM Freddie Mac Earnings Remain Near Record, Treasury Dividend Rises to $7.0 Billion Freddie Mac is reporting that it earned net income of $4.6 billion in the first quarter of 2013, the second largest amount in the company's history , compared to $4.5 billion in the ... MND NewsWire - 10:22AM Mortgage Delinquencies Improve at Record Pace The decline in mortgage delinquencies appears to be picking up speed according to TransUnion's quarterly delinquency report . The national rate of loans 60 or more days past due fell ... MND NewsWire - 2:25PM NY Attorney General Not a Big Fan of DeMarco, Doesn't Mind Saying so In a relatively scathing op-ed published today in the New York Daily News, New York State Attorney General Eric T. Schneiderman again called on President Obama to appoint a new acting ... Mortgage Rate Watch - 3:03PM Mortgage Rates Hold Steady, Ending Four Day Losing Streak Mortgage rates were almost perfectly flat today, ending a 4 day trend higher, for now. That trend began on Thursday and of course saw it's biggest surge after Friday's Job's report ... MBS RECAP: Stronger Into Auction, Weaker Out Lots of State-Level Licensing Changes; Zillow & Nationstar Stock Prices Mortgage Applications Surge, Purchases at Three-Year High Latest Video Fed Helping to Keep Mortgage Rates Low Housing 'A Mixed Bag' for Banks: Pro MBA's Stevens on Mortgage Lending, U.S. Housing More News from 'Around the Web' CNBC - 12:52PM Mortgage Lending Loosens...But Far From Loose Reuters - 3:40PM U.S. can pursue lawsuit against Bank of America over mortgages Bloomberg - 2:53PM Trulia to Acquire Market Leader for $355 Million - Bloomberg WSJ - 1:25PM Funds See Opportunity in Real Estate CNBC - 12:52PM Fed's Fisher: Politicians Holding Back Job Growth Bloomberg - 9:41AM Freddie Mac Will Pay Treasury $7 Billion on First-Quarter Profit - Bloomberg CNBC - 7:38AM US Mortgage Apps Jump as Rates Fall CNBC - 10:26PM Zillow Raises Forecast, Shares Gain Bloomberg - 3:40PM MBIA Said to Pay $350 Million to Settle SocGen Lawsuit - Bloomberg www.easyir.com - 8:40AM TransUnion: National Mortgage Loan Delinquency Rate Experiences Largest Quarterly and Yearly Drops on Record www.gallup.com - 8:40AM U.S. Stock Ownership Stays at Record Low freddiemac.mwnewsroom.com - 8:33AM Freddie Mac Reports First Quarter 2013 Financial Results Today's Comments MBS Live Chat - 2:06PM "enough with these suits...." MBS Live Chat - 2:06PM "you see schneiderman's latest? he's 'unhappy' with Demarco it would seem..." MBS Live Chat - 2:09PM "http://ag.ny.gov/press-release/op-ed-obamas-underwater-rescue..." MBS Live Chat - 2:09PM ""DeMarco's most notable achievement has been blocking programs to help struggling homeowners."..." MBS Live Chat - 2:10PM ""The 60% of American homeowners who carry loans serviced by Fannie Mae and Freddie Mac need and deserve the same kind of relief. Obama can deliver for these families by removing DeMarco, right now."..." MBS Live Chat - 2:14PM ""unhappy" I think you sugar coated that MG...." MBS Live Chat - 2:22PM "REPRICE : 2:22 PM - Franklin American Better..." MBS Live Chat - 2:22PM "REPRICE : 2:22 PM - AMC Better..." MBS Live Chat - 3:26PM "REPRICE : 3:26 PM - Wells Fargo Better..." MND NewsWire - 3:39PM "Think we can all agree that programs like HARP that help equity challenged borrowers reduce their monthly mortgage payment help prevent foreclosures, but principal reductions without reduced payments don't alleviate excessive mortgage payments. Expanding HARP would help struggling homeowners without..." 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 3.63% +0.00 5/1 Yr ARM 2.98% -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 3.35% 0.70 -0.05 15 Yr. Fixed 2.56% 0.70 -0.05 1 Yr. ARM 2.56% 0.30 -0.06 5/1 Yr. ARM 2.56% 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 3.0 104.00 +0.05 30YR FNMA 3.5 106.19 +0.06 30YR GNMA 3.0 105.81 +0.13 30YR GNMA 3.5 108.38 +0.11 15YR FNMA 3.0 105.48 +0.03 15YR FNMA 2.5 104.30 +0.06 Treasuries Yield Change 2 YR 0.2241% +0.0001 5 YR 0.7436% -0.0047 10 YR 1.7691% -0.0104 30 YR 2.9895% -0.0086 Prices as of: 5/8/2013 4:21PM 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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