Daily Newsletter: Foreclosures on The Rise Again; Fannie Sees Tepid Growth for a Decade; Rates hit Lows of the Week

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30 Year Fixed 4.01%   -0.04 15 Year Fixed 3.20%   -0.03 10YR Treasury 2.14%   -0.0881 FNMA 30YR 3.5 103.45   +0.61 FNMA 15YR 2.5 103.88   +0.36 View Today's Rates

Thursday June 13, 2013 MND NewsWire - 11:20AM Foreclosures Rise From 75-Month Low, Quickly in Some States RealtyTrac reported today that an increase in bank repossessions in May boosted foreclosure activity by 2 percent compared to April when foreclosure activity had reached a 75-month ... MND NewsWire - 5:05PM Fannie Sees Slow Growth Through End of Decade Fannie Mae's Economic Outlook series continued its 2013 theme "Transition to 'Normal?'" in its June edition saying that four years into an expansion it appears the country may be well ... Mortgage Rate Watch - 6:47PM Mortgage Rates Lowest in More Than a Week Mortgage rates moved decidedly lower in most cases, bringing them to their lows of the week on average. The bond markets that drive rate changes showed solid determination in spite ... Pipeline Press - 10:27AM Mini Correspondent - The New Paradigm? Agency & Investor Updates Are you looking forward to a day off tomorrow? Me neither - the commentary never sleeps - but agencies like HUD and the IRS do. These, and other agencies, have 4 remaining furlough ... Bond Markets Rally Big Following Another Hilsenrath FOMC Prelude FHFA Now Only 'Significantly Concerned' About GSE Earnings CFPB Consolidates New Mortgages Rules, Information, to a Single Web Page Housing Finance Should Take Cues From Other Countries - FSC HARP 2.0 Continues to Succeed Where 1.0 Fell Short Fewer than 1 in 5 Homes Now Underwater, But Buoyancy Varies Latest Video Banks In Repo Mode Mortgage Interest Deduction & Home Prices El-Erian on the Global Selloff More News from 'Around the Web' The Basis Point - 6:39PM Jumbo Rates Lower Than Conforming Rates www.nytimes.com - 6:38PM Mortgages: Home Loans for Millennials www.aei.org - 5:06PM Ed Pinto on the Fannie Mae and Freddie Mac Lawsuit blogs.wsj.com - 4:10PM Fed Likely to Push Back on Market Expectations of Rate Increase DataQuick - 2:19PM DataQuick: May Bay Area Home Sales Report CNBC - 1:53PM What Japan Can Teach the Fed About QE Addiction WSJ - 12:25PM Does ECB Stand for European Conservative Bank? www.cfpbmonitor.com - 12:11PM Legal aid group files FOIA appeal with CFPB seeking release of mortgage complaint narratives House Financial Services - 12:01PM The Bigger Picture: Housing Subsidies and National Economies Reuters - 11:00AM Bernanke to deliver semi-annual testimony to Congress July 17-18 CNBC - 10:59AM What's a Mogul to Do? Towns With Mansion Shortages CFPB - 10:58AM Launch of new mortgage rule implementation page content.govdelivery.com - 10:25AM FDIC Statement on Lessons Learned from the Financial Crisis Regarding Community Banks OCC - 10:25AM OCC Publishes "A Common Sense Approach to Community Banking" freddiemac.mwnewsroom.com - 10:25AM Freddie Mac: Mortgage Rates on Six Week Streak Higher FHFA - 10:24AM FHFA Releases Fifth Annual Report to Congress Market Watch - 7:12AM Mortgage-backed securities back in style? Fannie Mae - 7:02AM Fannie Mae: 2013 Mid-Year Outlook: Economic Growth On the Road to 'Normal' Bloomberg - 6:53AM Foreclosures Jump as Banks Bet on Rising U.S. Home Prices CNBC - 6:48AM Home Repossessions on the Rise Today's Comments MBS Live Chat - 1:33PM "the bank should be paying the listing agent...." MBS Live Chat - 1:35PM "Paid out of buyer's own verified funds not with loan proceeds should not be of any concern to the underwriter if remaining reserves are acceptable. Who pays who is of no concern...." MBS Live Chat - 2:02PM "so why is this happening (other than my green tie)?..." MBS Live Chat - 2:02PM "We're through supply...." MBS Live Chat - 2:05PM "Considering retail sales, weekly UE, lackluster 10 and 30 year auctions, and today's equity rally, I'm very happy with this afternoon...." MBS Live Chat - 2:06PM "REPRICE : 2:06 PM - Flagstar Better..." MBS Live Chat - 2:06PM "AP, on auction days, I like to devote one pane in Eikon screen to whatever the WI coupon of the day might be, today's 30's really tell a story of consolidation ahead of next week's FOMC, which is the general story elsewhere. http://screencast.com/t/PAudAQfGT..." MBS Live Chat - 2:07PM "REPRICE : 2:07 PM - NYCB Better..." MBS Live Chat - 2:14PM "REPRICE : 2:14 PM - Provident Funding Better..." MBS Live Chat - 2:20PM "REPRICE : 2:20 PM - Everbank Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.01% -0.04 15 Yr FRM 3.20% -0.03 FHA 30 Year Fixed 3.65% -0.02 Jumbo 30 Year Fixed 4.26% -0.04 5/1 Yr ARM 2.93% +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 3.98% 0.70 +0.07 15 Yr. Fixed 3.10% 0.70 +0.07 1 Yr. ARM 2.58% 0.40 +0.00 5/1 Yr. ARM 2.79% 0.60 +0.05 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 3.0 100.47 +0.70 30YR FNMA 3.5 103.45 +0.61 30YR GNMA 3.0 101.97 +0.72 30YR GNMA 3.5 104.88 +0.61 15YR FNMA 3.0 103.88 +0.36 15YR FNMA 2.5 102.03 +0.55 Treasuries Yield Change 2 YR 0.2900% -0.0358 5 YR 1.0502% -0.0910 10 YR 2.1417% -0.0881 30 YR 3.3063% -0.0688 Prices as of: 6/13/2013 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. 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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