Daily Newsletter: Mortgage Rates Rise for 1st Time in 3 Weeks; No Housing Bubble, but Maybe a 'Bubble Mentality'; New HUD Definition for Qualified Mortgage

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30 Year Fixed 4.29%   +0.01 15 Year Fixed 3.41%   +0.01 10YR Treasury 2.62%   -0.0109 FNMA 30YR 3.5 101.88   +0.14 FNMA 15YR 2.5 103.52   +0.17 View Today's Rates

Monday September 30, 2013 Mortgage Rate Watch - 6:45PM Mortgage Rates Rise; 1st Time in Nearly 3 Weeks Mortgage rates rose very slightly today for the first time in 3 weeks. The difference in rate sheets compared to Friday's latest was minimal, and some lenders were actually slightly ... MND NewsWire - 12:38PM Shiller Sees no Housing Bubble, but Perhaps a 'Bubble Mentality' While the real estate market has been bubbling, Robert J. Shiller doesn't think we are in a real estate bubble. At least not yet . Shiller who, along with Karl Case, developed the S&P ... MND NewsWire - 12:48PM New HUD QM Definition: Biggest Impact, Lower Lender Legal Costs Another definition of Qualified Mortgage (QM) was rolled out for comment today. This one, proposed by the Department of Housing and Urban Development (HUD) would apply to mortgages ... Pipeline Press - 10:47AM Who Owns an LO's Client List? The FHA Needs How Much? The MBA Addresses the Shutdown "Rob, I attended a seminar last week, and one of the speakers mentioned something called 'Freddith Mae'. Ever heard of that?" Nope - either I'm out of touch & confused, or someone ... MBS RECAP: Government Shutdown Limbo; Bumpy Ride, but Strong Finish The Week Ahead: Government Shutdown Hogs Spotlight; Potential Jobs Report Delay REITs, Pension Plans Increase Multifamily Debt Holdings FHA Required to Take Treasury Draw Don't Ignore The BSA; Potential Government Shutdown Entering Investor Updates; Nationstar Takes Down $41 Billion in Servicing? Latest Video Market to ignore Congress 'crying wolf': Pro Shutdown worries weigh down on markets Santelli's Midday Bond Report More News from 'Around the Web' Reuters - 6:32PM Chance of U.S. government default less than 10 percent, economists says: Reuters poll Reuters - 4:24PM U.S. study says asset managers could pose systemic market risk Washington Post - 4:23PM Housing aid is maddeningly complex. It doesn't have to be. NAHB - 4:23PM NAHB to Introduce New Economic Index Measuring Housing and Economic Progress in Local Markets CNBC - 4:23PM Debt ceiling: 'Obama bonds' the answer? Washington Post - 3:25PM Every government shutdown ever, in one chart CNBC - 3:24PM Senate rejects House bill, shutdown looms CNN - 3:24PM FHA will keep lending during shutdown CNBC - 3:20PM Debt ceiling debate unlikely to change S&P's 'AA+' US credit rating NMLS - 2:13PM NMLS Not Affected by Federal Shutdown CNBC - 1:34PM Obama: 'Not at all' resigned to a shutdown Washington Post - 12:58PM This CNBC clip shows everything wrong with how Wall Street thinks about banking Washington Post - 12:54PM Absolutely everything you need to know about how the government shutdown will work Bloomberg - 12:53PM Government Shutdown Nearer as House Republicans Huddle - Bloomberg Washington Post - 11:59AM U.S., global markets fall as shutdown looms CNBC - 11:59AM More to worry about than the shutdown CNN - 11:58AM Opinion: Lawmaker wants AIG CEO to apologize or quit Bloomberg - 11:57AM Is There a Silver Lining to the Government Shutdown? - Bloomberg Bloomberg - 10:51AM Treasury's Massad Calls TARP Best Bipartisanship Example - Bloomberg CNBC - 9:17AM Will 11th hour bill keep the lights on temporarily? Today's Comments MBS Live Chat - 3:28PM "same Lock/float consensus for a close on Oct 21? Lock it up?..." MBS Live Chat - 3:31PM "I will say this until I go blue in the face. If you need to come on here and ask advice about whether you should lock from complete strangers who have never met or spoken to you ever, you are working with the wrong loan officer..." MBS Live Chat - 3:36PM "I agree too, but on the other hand don't you educate your client on the pros/cons of floating/locking and then have them decide? They might be on here to do research and get informed. Doesn't mean they are working with the wrong person...." MBS Live Chat - 3:39PM "LL, depends on the terms, I would say lock, only because rates are as good as they have been in the last 3 or so months, also, based on what has happened over the last few months when rates do rise, it will most likely be quick...." MBS Live Chat - 3:44PM "MU, I seriously doubt most LO's have their ear to the market than the regular MBS live user. I think it is wise for a consumer to use whatever tools are available to them to make a decision that is in their best interest, regardless of who they are working with, if I was a consumer I would do the same..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.29% +0.01 15 Yr FRM 3.41% +0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.33% +0.00 5/1 Yr ARM 3.10% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.62% 0.41 -0.13 15 Yr. Fixed 3.68% 0.28 -0.13 30 Yr. Jumbo 4.66% 0.29 -0.17 30 Yr. FHA 4.32% 0.37 -0.18 5/1 ARM 3.39% 0.35 -0.15 Freddie Mac ** 30 Yr. Fixed 4.32% 0.70 -0.18 15 Yr. Fixed 3.37% 0.70 -0.17 1 Yr. ARM 2.63% 0.40 -0.02 5/1 Yr. ARM 3.07% 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 97.75 +0.16 30YR FNMA 3.5 101.88 +0.14 30YR GNMA 3.0 98.52 -0.03 30YR GNMA 3.5 102.72 -0.05 15YR FNMA 3.0 103.52 +0.17 15YR FNMA 2.5 100.59 +0.20 Treasuries Yield Change 2 YR 0.3207% -0.0156 5 YR 1.3880% -0.0146 10 YR 2.6154% -0.0109 30 YR 3.6934% +0.0096 Prices as of: 9/30/2013 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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Daily Newsletter: FHA Required to Take Treasury Draw; Rates End Week at Lows; Multifamily/Commercial Debt Increases; Government Shutdown Drama

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30 Year Fixed 4.28%   -0.06 15 Year Fixed 3.40%   -0.04 10YR Treasury 2.63%   -0.0199 FNMA 30YR 3.5 101.73   +0.22 FNMA 15YR 2.5 103.34   +0.19 View Today's Rates

Friday September 27, 2013 MND NewsWire - 1:26PM FHA Required to Take Treasury Draw The Federal Housing Administration (FHA) notified Congress this morning that, as had been rumored earlier in the week, it will need to draw on its borrowing authority from the U.S. ... Mortgage Rate Watch - 4:29PM Mortgage Rates Continue to New 3-Month Lows Mortgage rates fell noticeably today, keeping alive an impressive streak of 13 days without higher rates. Three out of those 13 have been 'unchanged,' yesterday being one of them. There ... MND NewsWire - 2:03PM REITs, Pension Plans Increase Multifamily Debt Holdings Commercial and multi-family mortgage debt increased by $24.5 billion in the second quarter of 2013, with $10.9 billion of that being debt in the multi-family sector. The Mortgage Bankers ... Pipeline Press - 10:24AM Don't Ignore The BSA; Potential Government Shutdown Entering Investor Updates; Nationstar Takes Down $41 Billion in Servicing? All the McDonalds and Burger King workers in California are rejoicing: the minimum wage in California is heading to $10/hour . This, coupled with the tax increases voted in last year ... MBS RECAP: Heading Out Week's Best Levels Following Afternoon Swoon Foreclosure Starts Halved over 12 Months Freddie Mac Issuance Still Refi-Heavy in August Pending Home Sales Fall; NAR Expects Decline to Continue One-third of Shadow Inventory Cleared in Last Year How a Government Shut Down Would Impact Lending Latest Video FHA needs help FHA seeks $1.7 Treasury bailout 'I think there will be a shutdown': Altman More News from 'Around the Web' WSJ - 5:28PM Fed May Not Start Taper Until January Reuters - 4:45PM U.S. employment report would be delayed by shutdown Bloomberg - 4:44PM U.S. Treasury Would Continue Operating Debt Programs in Shutdown - Bloomberg CNBC - 4:44PM Obama to Congress: Do not shut down the economy Bloomberg - 4:44PM FHFA Offered Unqualified Buyers Foreclosures, Study Finds - Bloomberg NAR - 4:43PM Homeowner Equity HUD - 4:42PM HUD FY2013 Contingency Plan for Possible Lapse in Appropriations Reuters - 4:05PM Could be long time between QE taper and rate rise: Fed's Dudley www.forbes.com - 2:36PM Realtors Drive The Mortgage Bus CNBC - 2:28PM US Senate passes bill to continue funding government without Obamacare provision House Financial Services - 1:38PM Chairman Hensarling Comments on Obama Administration's Confirmation of $1.7 Billion Taxpayer-Funded Bailout for FHA CNBC - 12:57PM Should've hit Yellen more: Summers' camp CNBC - 12:57PM Republicans mull 10-day gov't funding bill CNBC - 12:41PM What you need to know if DC's fiscal follies deepen www.justice.gov - 12:17PM Justice Department Reaches Settlement with Plaza Home Mortgage Inc. to Resolve Allegations of Mortgage Lending Discrimination WSJ - 10:53AM Fed's George: Amount of Taper Less Important Than Clarity of Approach Reuters - 10:53AM Special Report: Pimco shook hands with the Fed - and made a killing WSJ - 10:52AM Fed's Evans Suggests Tapering Could Start Later Than October CNBC - 10:34AM FHA to draw $1.7 billion from Treasury Today's Comments MND NewsWire - 10:59AM "Well it looks like FHA needs that bailout!! Who could have figured...right?!?! This industry continues to be a cesspool, plain and simple. There used to be this willfully ignorant, useful idiot named Jason Harris, on this board, that would argue about FHA not being subprime and, further, what a great..." MBS Live Chat - 2:02PM "MG- lots of sub-primy talk on this board as of late. Seems the more regulators try to move us forward they are creating the same scenario we had not too long ago...." MBS Live Chat - 2:04PM "I think the FHA sub-primey issue had more to do with the drastic pull back in guidelines in 07/08 and FHA suddenly being the only round hole in which many of the leftover square pegs would fit...." MBS Live Chat - 2:06PM "I remember, FHA mix went from 15% to 60% overnight in my old shop..." MBS Live Chat - 3:00PM "RTRS- PRESIDENT OBAMA TO MAKE STATEMENT AT WHITE HOUSE AT 3:30 P.M. EDT ON FISCAL ISSUES - WHITE HOUSE..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.28% -0.06 15 Yr FRM 3.40% -0.04 FHA 30 Year Fixed 4.00% -0.06 Jumbo 30 Year Fixed 4.33% -0.03 5/1 Yr ARM 3.08% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.62% 0.41 -0.13 15 Yr. Fixed 3.68% 0.28 -0.13 30 Yr. Jumbo 4.66% 0.29 -0.17 30 Yr. FHA 4.32% 0.37 -0.18 5/1 ARM 3.39% 0.35 -0.15 Freddie Mac ** 30 Yr. Fixed 4.32% 0.70 -0.18 15 Yr. Fixed 3.37% 0.70 -0.17 1 Yr. ARM 2.63% 0.40 -0.02 5/1 Yr. ARM 3.07% 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 97.59 +0.25 30YR FNMA 3.5 101.73 +0.22 30YR GNMA 3.0 98.55 +0.20 30YR GNMA 3.5 102.77 +0.16 15YR FNMA 3.0 103.34 +0.19 15YR FNMA 2.5 100.39 +0.20 Treasuries Yield Change 2 YR 0.3363% -0.0039 5 YR 1.4026% -0.0292 10 YR 2.6263% -0.0199 30 YR 3.6838% -0.0122 Prices as of: 9/27/2013 4:28PM 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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