Daily Newsletter: MBA Urges DeMarco Replacement Confirmation; Housing Finance Reform; FOMC Statement

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30 Year Fixed 4.11%   +0.00 15 Year Fixed 3.25%   -0.01 10YR Treasury 2.53%   +0.0290 FNMA 30YR 3.5 102.55   -0.16 FNMA 15YR 2.5 103.78   -0.14 View Today's Rates

Wednesday October 30, 2013 MND NewsWire - 1:44PM MBA Urges Senate to Confirm DeMarco Replacement The Mortgage Bankers Association (MBA) issued a statement today urging the Senate to confirm a new director of the Federal Housing Finance Agency (FHFA). Senator Majority Leader Harry ... MND NewsWire - 12:19PM Senate Hears Testimony on Housing Finance Reform The Senate Banking Committee heard from six witnesses on Tuesday on the topic of " Housing Finance Reform: Essentials of a Functioning Housing Finance System for Consumers ." Testimony ... MBS Commentary - 2:02PM Differences Between Past and Current FOMC Statements Release Date: September 18, October 30, 2013 For immediate release Information received since the Federal Open Market Committee met in July September generally suggests that economic ... Mortgage Rate Watch - 3:28PM Mortgage Rates Start Lower, but End Higher After Fed Announcement Mortgage rates began the day lower, with several lenders releasing their best rate sheets in nearly 5 months. The day progressed well in the secondary mortgage market with MBS prices ... MBS RECAP: Early Sparkle on ADP; Late day Fade on FOMC Administration Officials Call for Up or Down Vote on Mel Watt Confirmation Build Your Own Fed Statement Mel Watt & Elizabeth Warren Making Some News; Lender & Investor News Refinancing Applications Back to Early Summer Levels CFPB Pursuing Individuals, Seeking Admissions of Guilt Refinances Seen Dropping More Than 50 percent in 2014 Latest Video The Fed's impact on interest rates Fed leaves bond buying program intact The Fed's 3 tests for tapering More News from 'Around the Web' Bloomberg - 3:02PM Treasuries Erase Gains as Fed Says Economic Activity Improves - Bloomberg www.cfpbmonitor.com - 1:21PM Director Cordray comments on mortgage rules at MBA convention Bloomberg - 11:13AM Deutsche Bank Said to Market $479 Million of Rental Home Bonds www.npr.org - 4:33PM In Sandy's Wake, FEMA Re-Examines Flood Insurance Rates freddiemac.mwnewsroom.com - 9:53AM Freddie Mac Securitizes $1 Billion of HAMP Performing Mortgage Loans Reuters - 8:37AM Insight: Yellen feared housing bust but did not raise public alarm CNBC - 8:35AM US mortgage apps rise as rates dip CNBC - 8:35AM JPMorgan deal hits stumbling blocks Today's Comments MBS Live Chat - 2:09PM "All of the differences between previous statement and today's are here: http://www.mortgagenewsdaily.com/mortgage_rates/blog/329814.aspx..." MBS Live Chat - 2:08PM "I'd say that's a good read. I think it's just less downbeat than many were expecting. Bond markets corrected to "unchanged to slightly stronger" levels. The jump looks bigger due to the narrow range. Nothing much going on here just yet. A sustained break over 2.53-ish would be more significant...." MBS Live Chat - 2:07PM "Reading the statement it almost seems the Fed isn't that concerned about a short term slow down and still believes the economy is on the improvement track. That's how I read it (now i need to read it again :) )..." MBS Live Chat - 1:59PM "by the time CFPB realizes the damage it will cause in housing market, it will be too late..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.11% +0.00 15 Yr FRM 3.25% -0.01 FHA 30 Year Fixed 3.80% +0.00 Jumbo 30 Year Fixed 4.12% +0.00 5/1 Yr ARM 3.11% +0.01 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 4.33% 0.26 -0.06 15 Yr. Fixed 3.42% 0.30 -0.09 30 Yr. Jumbo 4.36% 0.27 -0.07 30 Yr. FHA 4.06% 0.17 -0.09 5/1 ARM 3.17% 0.38 -0.08 Freddie Mac ** 30 Yr. Fixed 4.13% 0.80 -0.15 15 Yr. Fixed 3.24% 0.60 -0.09 1 Yr. ARM 2.60% 0.50 -0.03 5/1 Yr. ARM 3.00% 0.40 -0.07 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 98.67 -0.23 30YR FNMA 3.5 102.55 -0.16 30YR GNMA 3.0 99.64 -0.17 30YR GNMA 3.5 103.59 -0.16 15YR FNMA 3.0 103.78 -0.14 15YR FNMA 2.5 101.00 -0.16 Treasuries Yield Change 2 YR 0.3127% -0.0040 5 YR 1.3132% +0.0484 10 YR 2.5342% +0.0290 30 YR 3.6412% +0.0293 Prices as of: 10/30/2013 4:31PM 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: Home Price Gains Decelerating Since April; Half as Many Refis Next Year; Rate Holding Just Over 4 percent; CFPB Pursuing Individuals

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30 Year Fixed 4.11%   +0.00 15 Year Fixed 3.26%   -0.01 10YR Treasury 2.51%   -0.0181 FNMA 30YR 3.5 102.70   +0.09 FNMA 15YR 2.5 103.92   +0.08 View Today's Rates

Tuesday October 29, 2013 MND NewsWire - 10:59AM Home Prices Still Rising, but Decelerating Since April Both the 10-City and 20-City S&P-Case-Shiller Home Price Indices gained 1.3 percent in August to values of 175.8 and 164.53 respectively. These increases were substantially smaller ... MND NewsWire - 1:38PM Refinances Seen Dropping More Than 50 percent in 2014 The Mortgage Bankers Association (MBA) might not have been smiling as it prepared the economic forecast for 2014 it handed out today. The association's economists say they expect the ... Mortgage Rate Watch - 3:55PM Mortgage Rates Fly Holding Pattern Just Over 4 Percent Mortgage rates continued flying their recent holding pattern just over 4 percent. Most lenders' rate sheets were essentially unchanged compared to yesterday's latest. Additionally, ... MND NewsWire - 3:03PM CFPB Pursuing Individuals, Seeking Admissions of Guilt It didn't attract a lot of notice at the time, but a speech last Wednesday by Consumer Financial Protection Bureau (CFPB) Director Richard Cordray appears to be making some people nervous ... MBS RECAP: Consumer Confidence and 5yr Auction do no Harm Mortgage jobs; more on QM & underwriting risks in the new world; what about loan limits & gfees? DeMarco Determined to find Just the Right Amount of "Skin in the Game" Home Price Increases Narrow, Some States Show August Losses "Enough is enough"; Stevens Calls for End to Conflicting, Unbalanced Policymaking Pending Homes Show First Annual Decline in Over 2 Years Latest Video Nobel prize winner on QE PIMCO: What the Fed will announce CNBC's Fed survey shows taper outlook More News from 'Around the Web' Reuters - 4:34PM U.S. judge denies class action status in Deutsche Bank lawsuit Reuters - 4:33PM U.S. mortgage burden gets lighter in second quarter Bloomberg - 2:43PM BlackRock's Fink Says There Are 'Bubble-Like Markets Again' - Bloomberg Bloomberg - 2:42PM Galante Sees FHA at Tipping Point Balancing Mission With Costs - Bloomberg CNBC - 2:39PM JPMorgan deal with Justice Dept could collapse: WSJ House Financial Services - 1:15PM The FHA is Broke, but Apparently No One is Accountable CNBC - 1:15PM Home prices are still affordable, says Shiller Google News - 12:04PM Realtors® Advocate Housing Finance System Overhaul That Protects Taxpayers and Access to Credit House Financial Services - 12:03PM Chairman Hensarling Opening Statement at FHA Bailout Hearing news.google.com - 11:34AM Fed Balance Sheet Not Seen Returning to Normal Until at Least 2019 - Wall Street Journal Washington Post - 11:32AM Small business owners fear shutdown's aftershocks will hurt holiday sales CNBC - 11:06AM Hedge funds hope for more mortgage juice Reuters - 10:37AM U.S. business inventories rise in August, may support third-quarter GDP Bloomberg - 10:36AM BofA Accord With FHFA Could Cost $8 Billion, Fitch Says - Bloomberg CNBC - 10:35AM Consumer confidence lower than expected in October CNBC - 10:35AM CNBC Fed Survey: CNBC's Steve Liesman: QE Expected to Continue Through 2014 www.cfpbmonitor.com - 9:54AM CFPB plans to continue targeting of individuals in enforcement actions www.gallup.com - 9:12AM Economic Confidence Ends Month Still Deeply Negative Reuters - 9:10AM U.S. consumer spending measure rises, but auto sales tumble Reuters - 9:10AM U.S. producer prices unexpectedly fall, inflation pressures muted in September Today's Comments MND NewsWire - 6:02PM "David Stevens is exactly correct about this...." MND NewsWire - 6:15PM "WOW. Great Article and GREAT speech,Mr. Stevens. Your analysis is right on target. Unfortunately, do any of us really believe these knuckleheads in Washington are listening? Or will their unending ignorance and short-sightedness continue to manifest in more rediculous and dangeroous regulation? Once..." MBS Live Chat - 10:17AM "to add to rapid rescore. Wells did in fact release update in August to correspondents basically saying will no longer purchase loans where rescoring with credit repair has been utilized. The only instance that they will allow a rapid rescore is for disputed accounts or a frozen credit bureau where the..." MBS Live Chat - 2:01PM "Uh, oh. Just got the 2nd email from a recent prospect about getting laid off. Anyone else seeing those pick up speed? I hope it's not a trend again...." MBS Live Chat - 2:02PM "Yep JA just had a refinance fall apart b/c of layoff..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.11% +0.00 15 Yr FRM 3.26% -0.01 FHA 30 Year Fixed 3.80% +0.00 Jumbo 30 Year Fixed 4.12% +0.01 5/1 Yr ARM 3.10% -0.01 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 4.39% 0.41 -0.07 15 Yr. Fixed 3.51% 0.30 -0.02 30 Yr. Jumbo 4.43% 0.26 -0.08 30 Yr. FHA 4.15% 0.27 -0.01 5/1 ARM 3.25% 0.26 +0.00 Freddie Mac ** 30 Yr. Fixed 4.13% 0.80 -0.15 15 Yr. Fixed 3.24% 0.60 -0.09 1 Yr. ARM 2.60% 0.50 -0.03 5/1 Yr. ARM 3.00% 0.40 -0.07 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 98.91 +0.23 30YR FNMA 3.5 102.70 +0.09 30YR GNMA 3.0 99.81 +0.14 30YR GNMA 3.5 103.75 +0.03 15YR FNMA 3.0 103.92 +0.08 15YR FNMA 2.5 101.16 +0.09 Treasuries Yield Change 2 YR 0.3167% +0.0095 5 YR 1.2648% -0.0230 10 YR 2.5052% -0.0181 30 YR 3.6119% -0.0051 Prices as of: 10/29/2013 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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