Daily Newsletter: Home Prices Surge With or Without Distressed Sales; Rates Hit 14-Month High; Foreclosure Foot-Dragging Lawsuit; CFPB Heads-Up for LOs

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 4.04%   +0.03 15 Year Fixed 3.16%   +0.02 10YR Treasury 2.15%   +0.0144 FNMA 30YR 3.5 103.03   -0.42 FNMA 15YR 2.5 103.81   -0.09 View Today's Rates

Tuesday June 4, 2013 MND NewsWire - 1:11PM Home Prices Surge, With or Without Distressed Sales According to the CoreLogic April Home Price Index (HPI) including distressed sales home prices are now up 12.1 percent on an annual basis. In March the annual increase was 10.5 percent ... Mortgage Rate Watch - 4:25PM Mortgage Rates Hit New 14 Month Highs. More Volatility Ahead Mortgage rates were moderately higher today , taking most lenders into slightly higher territory than yesterday or last Tuesday (the two worst days recently). Last Tuesday was the game ... MND NewsWire - 1:34PM HSBC Sued for Dragging Feet on Foreclosure Process Citing his concerns that homeowners across New York State are being held in "legal limbo" , the state's Attorney General, Eric T. Schneiderman, has filed suit against HSBC Bank and ... MND NewsWire - 1:50PM CFPB Gives Mortgage Lenders Heads-up on Exam Procedures The Consumer Financial Protection Bureau is giving financial and mortgage companies a heads-up about what examiners will be looking for under new mortgage regulations scheduled to take ... FHA Addresses Recent Changes, Ramping up Enforcement Actions; Regulators Branching Out MBS RECAP: Mortgages Continue To Underperform; ADP Opportunity Fannie Bucks Trend as Multifamily Delinquencies Decline Latest Video KC Fed's George: Slow the Pace of QE Sloan Says Mortgage Standards to Keep Bubble at Bay El-Erian: Growth Not Coming Quickly Enough More News from 'Around the Web' WSJ - 3:31PM Some Markets Showing Addiction to Cheap Money, Fed's George Warns Bloomberg - 3:30PM Fed's George Calls for QE Reduction Citing Rising Risk Taking - Bloomberg CNBC - 3:29PM Why Bad News Soon May Just Become...Bad News CNBC - 3:29PM Dodd-Frank Is Dud-Frank for Many Reuters - 3:29PM Senators mull timetable for liquidating Fannie Mae, Freddie Mac Bloomberg - 3:28PM BlackRock Group Chose BofA Accord Over Countrywide Risk - Bloomberg Bloomberg - 1:37PM JPMorgan Asset Management Boosts Treasury Holdings on Fed Bet - Bloomberg CNBC - 1:36PM Bond Rates May Inch Up: Gundlach CFPB - 1:19PM CFPB releases exam procedures for new mortgage rules Washington Post - 12:38PM Will higher mortgage rates kill the housing market? Maybe not! economix.blogs.nytimes.com - 12:37PM Economix Blog: The Return of McMansions? Bloomberg - 12:36PM Pimco Flagship Has First Withdrawals Since 2011 - Bloomberg The Big Picture - 12:35PM Why Do People Fear the Hindenburg Omen? CNBC - 12:31PM Reverse Mortgages Backfiring on Some Seniors NAHB - 12:31PM Builders Urge Congress to Pursue Pro-Housing Policies to Spur Job and Economic Growth Realtor.Org - 11:48AM NAR: Why Flood Insurance Subsidies are Phasing Out CNBC - 10:04AM Short Supply Pushes Home Prices to Seven Year High Market Watch - 9:53AM Banks loosen standards on down payments CNBC - 9:52AM Bank of America Presses Mortgage Deal Reuters - 9:52AM New York Attorney General to sue HSBC over foreclosure abuses Today's Comments MND NewsWire - 1:51PM "We're providing free appraisals now? Fantastic!..." MBS Live Chat - 2:05PM "advanced charts tab is awesome..." MBS Live Chat - 2:04PM "You can look that up in advanced charts..." MBS Live Chat - 2:06PM "Those charts are invaluable when clients want to discuss what they "heard" rates were two weeks ago...." MBS Live Chat - 3:11PM "That's why I love this site. Can send customers articles as well to prove yourself..." MBS Live Chat - 3:13PM "absolutely Jude. Whenever I have a client come in my office in person, I show them the dash board..." MBS Live Chat - 3:13PM "Here too. I had a guy come in the other day, and the first thing I showed him after he sat down..." MBS Live Chat - 3:15PM "Long time ago, a mortgage guru told me "become an expert and let everyone know it." That's EXACTLY what MBS Live does, if you leverage it correctly...." MBS Live Chat - 2:15PM "RTRS- FED'S GEORGE SAYS ADJUSTING PACE OF ASSET PURCHASES WOULD PREPARE MARKETS TO BE LESS DEPENDENT ON CENTRAL BANK ACTIONS..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.04% +0.03 15 Yr FRM 3.16% +0.02 FHA 30 Year Fixed 3.57% +0.03 Jumbo 30 Year Fixed 4.22% +0.03 5/1 Yr ARM 2.89% -0.02 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 3.0 100.11 -0.34 30YR FNMA 3.5 103.03 -0.42 30YR GNMA 3.0 101.59 -0.33 30YR GNMA 3.5 104.66 -0.45 15YR FNMA 3.0 103.81 -0.09 15YR FNMA 2.5 101.75 -0.17 Treasuries Yield Change 2 YR 0.3013% +0.0080 5 YR 1.0548% +0.0210 10 YR 2.1462% +0.0144 30 YR 3.3044% +0.0417 Prices as of: 6/4/2013 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

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.