Daily Newsletter: HARP Myths Debunked; FHFA Mulls GSE Purchase Limits; Rates Staying Flat Ahead of Fed; Non-QM Opportunities in 2014

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30 Year Fixed 4.57%   +0.00 15 Year Fixed 3.58%   +0.00 10YR Treasury 2.88%   +0.0128 FNMA 30YR 3.5 99.73   -0.02 FNMA 15YR 2.5 102.16   +0.05 View Today's Rates

Monday December 16, 2013 MND NewsWire - 10:39AM HARP Myths Debunked by Freddie Mac Exec A Freddie Mac senior vice president is using the company's blog to debunk a few myths she says may be keeping homeowners from refinancing through HARP, the Home Affordable Refinance ... MND NewsWire - 3:52PM FHFA Invites Comments on Maximum GSE Purchase Limits The Federal Housing Finance Agency (FHFA) is inviting public comments on a new proposal to "gradually reduce" loan limits for mortgages purchased by the two government sponsored enterprises ... Mortgage Rate Watch - 3:55PM Mortgage Rates Still Flat, Counting Down to Fed Announcement Mortgage rates were unchanged yet again to begin the new week, and thus remain near recent highs with 4.625% the most prevalently quoted rate for ideal, conforming 30yr Fixed scenarios ... MND NewsWire - 1:26PM Lenders Can Actually Benefit from Non-QM Lending -CoreLogic In the second in a series of white papers exploring the "Foundation for a Sound Housing Market" CoreLogic looks at the Ability-to-Repay (ATR) and Qualified Mortgage (QM) standards that ... State-Level News; QM FAQ; Bank M&A & Closures Continue MBS MID-DAY: Winter Wonderland Keeping Traders at Bay The Rental Housing Affordability Crisis Regulators Grant Some Leeway to Lenders on QM vs Non-QM Latest Video More confidence than housing market reflects: Barrack Buy to rent lending Peter Boockvar's Fed prediction More News from 'Around the Web' www.freddiemac.com - 5:21PM Freddie Mac Bulletin on G-Fee and LLPA Changes FHFA - 5:14PM FHFA Releases 2013 Performance and Accountability Report Fannie Mae - 5:00PM Fannie Mae Issues Selling Guide Update Regarding G-Fee Increase WSJ - 3:30PM Where FHA Loan Limits Will Fall the Most Bloomberg - 3:29PM Bernanke Says Fed in 'Finest Hours' Resisted Political Pressure - Bloomberg DataQuick - 2:31PM November SoCal Home Sale Press Release Bloomberg - 2:12PM Colorado Joins CFPB in Suing CashCall Short-Term Lender - Bloomberg Federal Reserve - 2:11PM Bernanke, Opening Remarks at the Ceremony Commemorating the Centennial of the Federal Reserve Act CNBC - 2:10PM Don't discount Washington crisis in 2014 FHFA - 2:01PM FHFA Seeks Public Input on Proposed Gradual Decrease of Future Fannie Mae and Freddie Mac Loan Purchase Limits Bloomberg - 12:18PM Pimco's Kiesel Remodeling Home in Bet U.S. Prices to Keep Rising - Bloomberg WSJ - 12:18PM Ask the Economists: Should the Fed Taper in December? CNBC - 10:55AM Big market swings likely during Fed week www.cfpbmonitor.com - 10:43AM CFPB updates Mortgage Rules Readiness Guide Bloomberg - 10:29AM BofA Intentionally Delayed HAMP Applications; Raised Fees, Forced Foreclosures www.gallup.com - 9:40AM Worldwide, Median Household Income About $10,000 Reuters - 9:40AM Industrial output posts largest gain in a year Today's Comments MBS Live Chat - 2:02PM "Interesting article in the newstream about comments on decrease of future loan limits...." MBS Live Chat - 2:20PM "Just had a customer call a LO saying they heard about a new program offering discounts to borrowers over 45. Seems like discrimination to me...." 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 4.51% +0.01 5/1 Yr ARM 3.25% +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 95.39 -0.02 30YR FNMA 3.5 99.73 -0.02 30YR GNMA 3.0 96.70 +0.06 30YR GNMA 3.5 101.08 +0.08 15YR FNMA 3.0 102.16 +0.05 15YR FNMA 2.5 99.11 +0.03 Treasuries Yield Change 2 YR 0.3344% +0.0042 5 YR 1.5344% +0.0052 10 YR 2.8774% +0.0128 30 YR 3.8948% +0.0217 Prices as of: 12/16/2013 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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