Daily Newsletter: FHA Shortfall Belies Significant Progress; Some Leeway on QM; Rental Housing Affordability Crisis; Rates Sideways

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30 Year Fixed 4.57%   +0.00 15 Year Fixed 3.58%   +0.00 10YR Treasury 2.86%   -0.0164 FNMA 30YR 3.5 99.75   +0.19 FNMA 15YR 2.5 102.11   -0.05 View Today's Rates

Friday December 13, 2013 MND NewsWire - 12:19PM FHA Shortfall Belies Significant Progress After asking for taxpayer assistance for the first time in its 79 year history last September, a new actuarial report says the Federal Housing Administration (FHA) may again need to ... MND NewsWire - 4:57PM Regulators Grant Some Leeway to Lenders on QM vs Non-QM The four federal agencies most involved in supervision of financial institutions as they work to comply with new Dodd-Frank Act regulations said today that, as they conduct their examinations ... MND NewsWire - 5:12PM The Rental Housing Affordability Crisis A new study from the Harvard Joint Center on Housing Studies in conjunction with the McArthur Foundation looks at the growing importance of rental housing in the U.S. as households ... Mortgage Rate Watch - 3:46PM Mortgage Rates Slide Sideways Ahead of Important Fed Announcement Mortgage rates were unchanged today on average, and thus remain near recent highs with 4.625% the most prevalently quoted rate for ideal, conforming 30yr Fixed scenarios ( best-execution ... A Number of Thoughts on Fannie & Freddie; How Big are Modern Loan Files? FHA Toughened Standards on Manually Underwritten Loans Ahead of Today's Shortfall MBS RECAP: Today's Biggest News is Next Week's Fed Latest Video All America Survey: Housing trends Cashin says: Market's oversold, but still a 10-year fear What are the odds it's taper time? More News from 'Around the Web' Bloomberg - 4:33PM Reid Says Budget Nod Necessary to Avoid Party 'Suicide' - Bloomberg CNBC - 4:33PM Busy next week with Fed meeting in focus www.ginniemae.gov - 3:44PM Ginnie Mae to Provide Loan-Level Data on Existing Single-Family Mortgage-Backed Securities The Huffington Post - 3:26PM Watt Now? (Or, Can Mel Watt Fix the Housing Crisis?) Google News - 2:18PM NAR Praises Positive Federal Housing Administration Actuarial Review www.washingtontimes.com - 2:17PM STEVENS: Resisting the seduction of housing speculation CNBC - 2:15PM The healthiest housing markets? It'll surprise you House Financial Services - 2:02PM Really Awesome Example of Hilariously Imbalanced Political Posturing re: FHA Bloomberg - 11:12AM FHA Actuarial Report Finds Agency Still Unable to Cover Losses - Bloomberg OCC - 11:10AM Agencies Issue Statement on Supervisory Approach for Qualified and Non-Qualified Mortgage Loans HUD - 11:10AM FHA Issues Annual Financial Status Report to Congress Bloomberg - 10:21AM How to Make San Francisco's Housing More Affordable - Bloomberg www.npr.org - 9:39AM Mel Watt: A new Captain in charge of America's Housing Market Reuters - 9:39AM Producer prices fall for third straight month in November CNN - 8:07AM Worst year in history for bond funds CNBC - 8:07AM BofA's Merrill pays $132 million in mortgage probe CNBC - 8:00AM US bonds tread water; await more Fed taper hints Today's Comments MBS Live Chat - 1:49PM "sorry if this was asked already (i've been on the road all week) What's going on with the G-Fee? Are rates going to pop another 10bps next week?..." MBS Live Chat - 1:58PM "no way to know exactly when lenders will price it in AD, but probably not all at once (though I think a few did that last time. If so, it wouldn't be for another month or two depending on the lock time frame)...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.57% +0.00 15 Yr FRM 3.58% +0.00 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.50% +0.01 5/1 Yr ARM 3.24% -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 4.61% 0.26 +0.10 15 Yr. Fixed 3.66% 0.31 +0.10 30 Yr. Jumbo 4.59% 0.15 +0.10 30 Yr. FHA 4.30% 0.38 +0.13 5/1 ARM 3.11% 0.35 +0.02 Freddie Mac ** 30 Yr. Fixed 4.42% 0.70 -0.04 15 Yr. Fixed 3.43% 0.70 -0.04 1 Yr. ARM 2.51% 0.40 -0.08 5/1 Yr. ARM 2.94% 0.40 -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 95.41 +0.25 30YR FNMA 3.5 99.75 +0.19 30YR GNMA 3.0 96.64 +0.33 30YR GNMA 3.5 101.00 +0.19 15YR FNMA 3.0 102.11 -0.05 15YR FNMA 2.5 99.08 0.00 Treasuries Yield Change 2 YR 0.3302% +0.0044 5 YR 1.5292% -0.0062 10 YR 2.8646% -0.0164 30 YR 3.8731% -0.0234 Prices as of: 12/13/2013 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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