Daily Newsletter: REO Could Become A Serious Problem; Rates Jump Back to 14-Month Highs; Worst Month For MBS

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30 Year Fixed 4.00%   +0.06 15 Year Fixed 3.14%   +0.05 10YR Treasury 2.13%   +0.0145 FNMA 30YR 3.5 103.64   -0.31 FNMA 15YR 2.5 104.00   -0.19 View Today's Rates

Friday May 31, 2013 MND NewsWire - 3:10PM REO Could Become A Serious Problem For HUD/GSEs As the housing crisis unrolled the Department of Housing and Urban Development (HUD) and the two government sponsored enterprises (GSEs) Freddie Mae and Fannie Mae came into possession ... Mortgage Rate Watch - 4:03PM Mortgage Rates Jump Back To Recent Highs Mortgage rates moved back up to the highest levels of the week , confirming a bumpy ride between now and next week's big jobs report. The day began in a docile enough fashion but was ... MBS Commentary - 6:04PM MBS RECAP: Fitting End To Worst Month in Modern MBS History MBS Live : MBS Afternoon Market Summary If we consider the worst 5-week batches of time for production MBS, and even if we allow late 2010 to combine the worst 5 weeks spanning November ... MND NewsWire - 4:57PM CFPB Enhances Massive Consumer Complaint Database The massive public database of consumer complaint information which the Consumer Financial Protection Bureau (CFPB) brought on-line in March has now been enhanced. The Bureau announced ... Interpreting QM Revisions; CFPB on Originator Testing, FTC, and Underserved Counties MBS SPECIAL ALERT: Bond Markets Sell-Off Following Chicago PMI, Consumer Sentiment Latest Video Smooth Fed Sailing Still Ahead? Mortgage Rates Headed Higher Painful May for Bill Gross, and More More News from 'Around the Web' WSJ - 3:45PM Yen Has Fallen Too Far, Study Says The Basis Point - 3:45PM Why I Don't See A Housing Bubble CNBC - 1:37PM Housing Plays That Went Too Far Bloomberg - 1:37PM Gross's Pimco Total Return Fund Falls 1.9% in May - Bloomberg www.corelogic.com - 1:35PM 2013 CoreLogic Storm Surge Report Estimates 4.2 Million U.S. Homes Valued at an Estimated $1.1 Trillion at Risk of Hurricane Storm-Surge Damage Google News - 1:03PM Recovering Housing Market Solves Principal Reduction Dilemma CNBC - 1:00PM It's a Bond Sell Off! No, It's Not! ... GS vs UBS Bloomberg - 9:56AM Fed's Pianalto Says Bank Living Wills Help Solve Too-Big-to-Fail Market Watch - 9:56AM Nader: U.S. has duty to Fannie, Freddie investors Bloomberg - 9:55AM If Not Geithner, Who Will Replace Bernanke? CNBC - 9:54AM Chicago Purchasing Managers Index Jumps to Highest Level Since March 2012 CNBC - 9:25AM Payback Time for Europe's Banks and Subprime Mortgages Market Watch - 8:10AM AIG drops case vs. New York Fed over loss claims CNBC - 8:09AM Goldman: This US Treasury Sell-Off Is For Real Today's Comments MBS Live Chat - 2:35PM "This sideways, down, sideways down, ,sideways down, pricing is disconcerting. Like a waterfall........" MBS Live Chat - 2:36PM "still can't lock at Wells..." MBS Live Chat - 2:37PM "Thank God it will be June when we next meet!..." MBS Live Chat - 2:38PM "Bring on JUNE!..." MBS Live Chat - 2:38PM "I second that...May, you can go now!..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.00% +0.06 15 Yr FRM 3.14% +0.05 FHA 30 Year Fixed 3.55% +0.05 Jumbo 30 Year Fixed 4.20% +0.04 5/1 Yr ARM 2.90% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.03% 0.84 +0.07 30 Yr. Fixed 3.77% 1.20 +0.03 MBA ** 30 Yr. Fixed 3.90% 0.39 +0.12 15 Yr. Fixed 3.10% 0.30 +0.14 30 Yr. Jumbo 4.07% 0.27 +0.14 30 Yr. FHA 3.62% 0.27 +0.09 5/1 ARM 2.60% 0.24 +0.00 Freddie Mac ** 30 Yr. Fixed 3.81% 0.80 +0.22 15 Yr. Fixed 2.98% 0.70 +0.21 1 Yr. ARM 2.54% 0.50 -0.01 5/1 Yr. ARM 2.66% 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 3.0 100.61 -0.36 30YR FNMA 3.5 103.64 -0.31 30YR GNMA 3.0 101.95 -0.27 30YR GNMA 3.5 105.20 -0.23 15YR FNMA 3.0 104.00 -0.19 15YR FNMA 2.5 102.11 -0.22 Treasuries Yield Change 2 YR 0.2972% +0.0002 5 YR 1.0274% +0.0145 10 YR 2.1317% +0.0145 30 YR 3.2774% -0.0034 Prices as of: 5/31/2013 4:32PM 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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