Daily Newsletter: Mortgage Rates Recover Ahead of Fed Minutes; Housing Reform Juggling Act; In-House Lenders for Realtors/Builders

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

30 Year Fixed 4.71%   -0.04 15 Year Fixed 3.81%   -0.03 10YR Treasury 2.82%   -0.0652 FNMA 30YR 3.5 99.09   +0.56 FNMA 15YR 2.5 101.73   +0.33 View Today's Rates

Tuesday August 20, 2013 Mortgage Rate Watch - 3:42PM Mortgage Rates Recover Moderately Before Fed Meeting Minutes Mortgage rates moved lower today , recovering a good portion of yesterday's losses. There were no significant economic events and much of the positivity for rates was a factor of overnight ... MND NewsWire - 1:53PM Housing Reform Juggles Reduced Government Role With Increased Private Capital While it is clear that the recovery of the housing markets is well underway, it is all too easy to overlook that today's housing finance system has been largely nationalized. Three ... Pipeline Press - 10:20AM Realtor's In-House Lenders & Builder/Lender Offices; FinCen compliance; Are Non-Competes Valid? One can have a lot of fun with statistics. If I own one dog, and adopt another, my dog population has gone up 100%. The same can be said for the context in which foreclosure numbers ... MND NewsWire - 2:05PM FHA Throws Lifeline to Those With Damaged Credit During Recession The financial crisis took its toll on Wall Street and Main Street alike. Mistakes were made and bills went unpaid on both sides of the fence, but Main Street sees Wall Street bailouts ... The Day Ahead: Falling Knives and MBS Changing of The Guard Pre-Approvals vs. Pre-Qualifications in the Home Buying Process MBS RECAP: Yesterday's Losses Recovered; FOMC Minutes and Data Ahead Appraisal AIR Links; Last Week's CFPB Changes Including ATR/QM; Upcoming Training & Seminars Analysts Call for Salvaging GSEs, Advocate Small Tweaks not Massive Reform Latest Video Home Depot reaps benefits of housing recovery What's moving the markets? Market has bonds all wrong: Expert More News from 'Around the Web' www.gallup.com - 5:02PM Economy Easily Most Important Driver of Obama Approval www.freddiemac.com - 5:01PM Freddie Mac: Updated Eligibility Requirements in Response to CFPB Updates Market Watch - 4:07PM Opportunity finally arrives in the bond market FHFA - 3:37PM Technical Note regarding August 22, 2013 Q2 FHFA House Price Index CNBC - 2:10PM Fed: Banks fall short in stress plans CNBC - 2:10PM 'Chaos' ahead? Truths about Fed policy Market Watch - 1:16PM The Fed: What to expect from the July Fed minutes CNN - 1:13PM Re/Max going public as housing stays hot www.cfpbmonitor.com - 1:11PM Director Cordray comments on effective date of mortgage rules, prepaid card rule and new Deputy Director CNBC - 1:09PM Woman scores win after $6.30 nearly costs her home National Housing Conference - 11:36AM A crucial time for America to discuss housing Reuters - 11:36AM U.S. judge OKs Citigroup $730 million bondholder settlement CNBC - 11:35AM Sell bonds, because that's what the Fed wants NY Fed - 10:31AM Home Price Conditions interactive maps and charts updated as of June 2013 www.gallup.com - 10:01AM In U.S., Economic Confidence Remains at Lower Level WSJ - 9:59AM Vital Signs: Bond Markets Grapple With Fed Questions CNBC - 9:26AM Unemployment rates rise in most states Bloomberg - 9:23AM Germany's Schaeuble Says Greece Needs New Aid Program - Bloomberg Market Watch - 9:23AM Bond Report: Treasurys rebound as emerging markets tank www.cfpbmonitor.com - 9:22AM CFPB Mortgage Rule Revisions Add Little Value Today's Comments Community Commentary - 9:23AM "Very informative article. Great read for anyone involved in the process. Well put Ted!..." MND NewsWire - 9:42AM "so does this mean the 3 year waiting period on a foreclosure or short sale is waived if you meet this criteria?..." MND NewsWire - 12:13PM "I heard a rumor that Fair Isaac is developing algorithms for a "BEACON OF LIGHT " score in response to the "Back to Work" program to quantify " credit histories that may not fully reflect true ability or propensity to repay a mortgage." and is working with FHA's TOTAL Mortgage Scorecard to implement..." Community Commentary - 12:16PM "Myself and most of my fellow MLO's here in my company conduct the rigorous review of credit and documents you advocate. More often than not, the review includes the Director of Sales. We are extremely uncomfortable (semantics, or no) with the term "Pre-Approval" because HUD guidelines make clear the..." Community Commentary - 3:37PM "I wouldn't say that AUS decisions are bogus. I would say they are only as reliable as the information you put into them. Garbage in, garbage out. You can easily manipulate the data to get an ACCEPT, but this does no one any good. An underwriter is going to review things and re-input the info anyway...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.71% -0.04 15 Yr FRM 3.81% -0.03 FHA 30 Year Fixed 4.37% -0.04 Jumbo 30 Year Fixed 4.72% -0.03 5/1 Yr ARM 3.29% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.61% 0.42 +0.03 15 Yr. Fixed 3.66% 0.43 -0.01 30 Yr. Jumbo 4.64% 0.34 +0.00 30 Yr. FHA 4.33% 0.26 +0.03 5/1 ARM 3.39% 0.37 +0.00 Freddie Mac ** 30 Yr. Fixed 4.40% 0.70 +0.00 15 Yr. Fixed 3.44% 0.60 +0.01 1 Yr. ARM 2.67% 0.40 +0.05 5/1 Yr. ARM 3.23% 0.50 +0.04 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 95.00 +0.69 30YR FNMA 3.5 99.09 +0.56 30YR GNMA 3.0 95.83 +0.73 30YR GNMA 3.5 100.14 +0.63 15YR FNMA 3.0 101.73 +0.33 15YR FNMA 2.5 98.55 +0.48 Treasuries Yield Change 2 YR 0.3429% -0.0119 5 YR 1.5414% -0.0645 10 YR 2.8161% -0.0652 30 YR 3.8547% -0.0448 Prices as of: 8/20/2013 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.