Daily Newsletter: Weather Continues to Hamper Home Sales; Rates End Winning Streak; Realtor Lawsuit

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30 Year Fixed 4.38%   +0.03 15 Year Fixed 3.40%   +0.01 10YR Treasury 2.66%   +0.0106 FNMA 30YR 3.5 101.36   -0.09 FNMA 15YR 2.5 103.52   -0.03 View Today's Rates

Friday February 28, 2014 MND NewsWire - 10:02AM Weather Continues to Hamper Home Sales Pending sales changed little from December to January the National Association of Realtors® (NAR) said today. That is not surprising as the bad weather NAR blamed for the lackluster ... Mortgage Rate Watch - 2:48PM Mortgage Rates Lose Some Ground After Stronger Data Mortgage rates rose slightly today ending a strong 3-day move lower. The weakness followed this morning's economic data, but the bond markets that indirectly influence rates were already ... Pipeline Press - 9:42AM Realtor Lawsuit; Ocwen in the Hotseat - Who is William Erby? Bank Mergers Continue, Shrinking Numbers It has been quite a week, visiting mortgage and banking folks in California, Kansas, and now Texas. There are a lot of good, experienced personnel out there, and a lot of optimists ... MBS Commentary - 12:41PM MBS MID-DAY: Weaker After Econ Data but Still in The Game Bond markets went into the locker room after this morning's econ data fairly discouraged, but not enough to give up. That was less obviously the case between 10 and 11am when MBS were ... Builder Confidence in Multifamily Market Slips even as Vacancies Decline Taxpayer Profit Surpasses $10 Billion on Freddie Mac Earnings Foreclosure Time Approaches 1000 Days, But There are Fewer of Them Wells Layoffs; Groups React to Tax Changes; Chatter About "Subprime" Loans is Misleading Latest Video Very bullish on housing: LaVorgna The Week Ahead: Jobs report out Friday Santelli: Traders watching markets & yield curves More News from 'Around the Web' WSJ - 1:49PM Last Year's Taper Tantrum May Have Been Taste of the Future, Paper Says WSJ - 1:48PM Fed's Evans Is Willing to Risk Higher Inflation to Boost Hiring Market Watch - 1:46PM Fed's Evans, Plosser clash over rate policy rules CNBC - 12:15PM Kocherlakota on instability concerns CNBC - 12:13PM Four million homeowners now 'above water' Market Watch - 12:12PM Fed's Stein: Bond funds can be risk to stability freddiemac.mwnewsroom.com - 12:11PM Freddie Mac Releases 2014 Multifamily Economic Outlook Market Watch - 10:00AM The Week in Charts: Housing survives winter, but buying plans drop Market Watch - 9:09AM Goldman faces fixed-income probe WSJ - 8:44AM A Second Act for Large Loans CNBC - 8:43AM US economy lost steam in fourth quarter Market Watch - 8:43AM Fed's Plosser: Still optimistic despite noisy data CNBC - 8:26AM Soft data unlikely to change outlook: Fed's Bullard NAFCU - 8:26AM CFPB presses consumer access to credit scores Today's Comments MND NewsWire - 10:34AM "It's the weather, really? When sales were up in the northeast and down in the west. Look at the drop in the index since rates started rising last summer. It's a pretty strong correlation...." MBS Live Chat - 12:13PM "next week's job forecasts are low...." MBS Live Chat - 12:32PM "Will traders adjust their buying/selling over the next week in anticipation of those expected numbers?..." MBS Live Chat - 12:34PM "not really. They already know about them. Bigger adjustment likely from "month-end" being over...." MBS Live Chat - 12:35PM "ISM on Monday and ADP on Wednesday also more likely to cause adjustment than forecasts...." MBS Live Chat - 2:57PM "had a customer tell me that "3.125% was all over the internet"..." MBS Live Chat - 2:59PM "yeah, and UFOS and Bigfoot are all over the internet too..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.38% +0.03 15 Yr FRM 3.40% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.24% +0.02 5/1 Yr ARM 3.23% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.53% 0.31 +0.03 15 Yr. Fixed 3.56% 0.28 +0.01 30 Yr. Jumbo 4.47% 0.13 +0.02 30 Yr. FHA 4.17% 0.20 +0.01 5/1 ARM 3.17% 0.31 -0.03 Freddie Mac ** 30 Yr. Fixed 4.37% 0.70 +0.04 15 Yr. Fixed 3.39% 0.70 +0.04 1 Yr. ARM 2.52% 0.40 -0.05 5/1 Yr. ARM 3.05% 0.50 -0.03 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 97.13 -0.13 30YR FNMA 3.5 101.36 -0.09 30YR GNMA 3.0 99.09 -0.03 30YR GNMA 3.5 102.88 -0.06 15YR FNMA 3.0 103.52 -0.03 15YR FNMA 2.5 100.50 -0.08 Treasuries Yield Change 2 YR 0.3248% +0.0003 5 YR 1.5114% +0.0244 10 YR 2.6565% +0.0106 30 YR 3.5924% -0.0034 Prices as of: 2/28/2014 4:00PM 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Taxpayers Profit $10 bln on Freddie; Wells Layoffs and "Subprime" Misnomer; Rates Lower Still; Builders Lose Multi-Fam Confidence

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30 Year Fixed 4.35%   -0.03 15 Year Fixed 3.39%   -0.02 10YR Treasury 2.65%   -0.0179 FNMA 30YR 3.5 101.45   +0.13 FNMA 15YR 2.5 103.55   +0.13 View Today's Rates

Thursday February 27, 2014 MND NewsWire - 12:59PM Taxpayer Profit Surpasses $10 Billion on Freddie Mac Earnings Freddie Mac posted its ninth consecutive quarter of positive net and comprehensive income on Thursday as well as a substantial profit for Fiscal 2013. The company reported net income ... Pipeline Press - 10:59AM Wells Layoffs; Groups React to Tax Changes; Chatter About "Subprime" Loans is Misleading Hope springs eternal, right? As the residential lending industry wraps up a couple rough months tomorrow, everyone is hoping for a more robust March and April. They are basing this ... Mortgage Rate Watch - 5:26PM Mortgage Rates Continue to New 2-Week Lows Mortgage rates gained even more ground today, and are now getting close to early February's levels, which were the lowest since November. Much of the positivity may owe itself to temporary ... MND NewsWire - 2:33PM Builder Confidence in Multifamily Market Slips even as Vacancies Decline Builders and developers engaged in the multi-family market grew a little less confident in that market during the fourth quarter of last year. The Multifamily Production Index (MPI ... MBS RECAP: Coasting Out Near Best Levels Since November Foreclosure Time Approaches 1000 Days, But There are Fewer of Them MBS MID-DAY: Bond Markets Holding Gains During Yellen Testimony Foreclosures Increased in January, but Down 19 percent From Last Year Investors Losing Interest in Housing, Despite Rise in Distressed Sales Share MBS Day Ahead: Rally Looks to Yellen, Data, and Auction for Confirmation Latest Video Yellen: No intention of selling mortgage-backed securities Fed Chair Yellen: Mortgage backed securities less liquid than Treasurys Anticipate ending taper next Fall: Janet Yellen More News from 'Around the Web' WSJ - 3:17PM 5 Things Janet Yellen Said That Distance Her From Others' Views Federal Reserve - 3:17PM 2014-16: Using Data on Seller Behavior to Forecast Short-run House Price Changes Market Watch - 1:14PM Treasurys hold gains after above-average auction Washington Post - 1:11PM Here's the most important thing Janet Yellen said today National Housing Conference - 11:27AM NHC members tackle energy efficiency in housing freddiemac.mwnewsroom.com - 11:07AM Freddie Mac: Fixed Mortgage Rates Continue Gradual Climb Higher Washington Post - 11:07AM Bernanke set to relive his worst day ever CNBC - 11:06AM Hard to tell how much weather played a role in recent economic weakness: Fed Chair Yellen www.census.gov - 11:06AM 2013 Housing Vacancy Survey Annual Statistics S&P/Case Shiller - 9:38AM Buy-to-Rent Drops to Lowest Level Since March 2012 blog.redfin.com - 9:38AM 39% of Buyers Prefer to Rent Out Their Last Home Rather Than Sell WSJ - 9:29AM Fed's Yellen Faces Senators, Likely to Stay on Message CNBC - 9:28AM US jobless jump, durables paint mixed picture Market Watch - 9:28AM Ocwen earnings rise 60% Bloomberg - 9:27AM Freddie Mac to Pay Treasury $10.4 Billion on Quarterly Profit - Bloomberg www.americanprogress.org - 9:26AM When Wall Street Buys Main Street freddiemac.mwnewsroom.com - 9:22AM Freddie Mac Reports Fourth Quarter and Full-Year 2013 Financial Results www.npr.org - 8:10AM Overhaul Of A FEMA Program Has Homeowners Calling Congress Today's Comments MBS Live Chat - 1:13PM "I have a client that is closing today on a house. How long did I have to wait for a cash out refi. I thought it use to be 6mos. Thanks..." MBS Live Chat - 1:15PM "Buying the house all cash today no appraisal..." MBS Live Chat - 1:18PM "Vince, FNAM will be 6 months to take cash out. value will be based upon appraisal as long as the increasae (if any) is justified...." MBS Live Chat - 1:21PM "check delayed financing exception. he paid cash..." MBS Live Chat - 1:21PM "http://mndne.ws/1kp8B8f..." MBS Live Chat - 1:30PM "Vince if you can go thru PennyMac they have a Delayed Financing Exception for cash out sooner than 6 mos...." MBS Live Chat - 1:45PM "What has to be done to qualify for the exception?..." MBS Live Chat - 1:51PM "Original Transaction must be ARM's Length documented by HUD1 confirming no financing on original deal. Must source original purchase funds and new loan amount can exceed actual documented amount of borrower's initial investment plus financing closing costs. Treated as Cash Out Refi. Original funds to..." MBS Live Chat - 1:54PM "I believe Chase, Flagstar, and Greentree will do these, in addition to Penny Mac as mentioned before...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.35% -0.03 15 Yr FRM 3.39% -0.02 FHA 30 Year Fixed 3.75% -0.25 Jumbo 30 Year Fixed 4.22% -0.02 5/1 Yr ARM 3.23% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.53% 0.31 +0.03 15 Yr. Fixed 3.56% 0.28 +0.01 30 Yr. Jumbo 4.47% 0.13 +0.02 30 Yr. FHA 4.17% 0.20 +0.01 5/1 ARM 3.17% 0.31 -0.03 Freddie Mac ** 30 Yr. Fixed 4.37% 0.70 +0.04 15 Yr. Fixed 3.39% 0.70 +0.04 1 Yr. ARM 2.52% 0.40 -0.05 5/1 Yr. ARM 3.05% 0.50 -0.03 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 97.25 +0.16 30YR FNMA 3.5 101.45 +0.13 30YR GNMA 3.0 99.13 +0.16 30YR GNMA 3.5 102.94 +0.11 15YR FNMA 3.0 103.55 +0.13 15YR FNMA 2.5 100.58 +0.14 Treasuries Yield Change 2 YR 0.3245% -0.0039 5 YR 1.4870% +0.0102 10 YR 2.6459% -0.0179 30 YR 3.5958% -0.0300 Prices as of: 2/27/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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