Daily Newsletter: Fannie Mae Back in Black With Taxpayers; Mortgage Rates Higher Still; More on Wells 'Sub-Prime'

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30 Year Fixed 4.49%   +0.02 15 Year Fixed 3.50%   +0.02 10YR Treasury 2.73%   -0.0199 FNMA 30YR 3.5 100.72   +0.16 FNMA 15YR 2.5 102.97   +0.08 View Today's Rates

Friday February 21, 2014 MND NewsWire - 10:52AM Fannie Mae Back in Black With Taxpayers The fourth quarter of 2013 was its eighth consecutive profitable quarter Fannie Mae said today and the company posted net income for the entire year of $84.0 billion and pre-tax income ... Mortgage Rate Watch - 2:20PM Mortgage Rates Slightly Higher Despite Strong Afternoon Mortgage rates moved slightly higher today despite improvements in underlying markets into the afternoon. Bond markets including MBS (the 'mortgage-backed-securities' that most directly ... Pipeline Press - 10:44AM ResMac's New Wholesale Channel; Wells & 600 FICO Scores; Fannie & Freddie & Suspicious Activity Reports Tongues are wagging about Wells Fargo' s extending credit to borrowers with lower credit scores (600 FICOs) and thus, on the surface, perceive higher credit risks as it seeks to replace ... MND NewsWire - 12:25PM Explaining The Affordability Struggle for First-Time-Home-Buyers In the latest edition of CoreLogic's Market Pulse the company's senior economist Mark Fleming provides a different take on housing affordability which he says economists are predicting ... MBS MID-DAY: Bond Markets Back to Unchanged Levels Foreclosure Measures at Multi-Year Lows; Some States Still Increasing Massive Gaps between Most/Least Affordable Areas Despite Unchanged Average Lender & Title Company Partnerships; Millennial Loans; Merger Mania; One State's Mortgage Tax Snafu Nervous Sellers Constraining Inventories in California Latest Video Not the year for first time homebuyers: Expert Weather's chilling impact on real estate Housing market now 'underperforming' More News from 'Around the Web' Bloomberg - 4:25PM Fed's Fisher Says Clarifying Guidance With Numbers Would Be Hard - Bloomberg Market Watch - 4:24PM Fed's Bullard: Bond buying may last until 2015 WSJ - 3:40PM 5 Things to Watch on the U.S. Economic Calendar CNBC - 3:03PM States, cities coping with bad bond bets S&P/Case Shiller - 3:02PM Will Weak Existing Home Sales Lower Prices? CNBC - 4:25PM The hefty yoke of student loan debt Reuters - 1:09PM Exclusive: Ally targets March IPO to raise up to $4.5 billion, government exit Market Watch - 1:09PM Homebuilder stocks testing key level after housing data Bloomberg - 1:09PM Bernanke Saw Fed Tools Unable to Stabilize Economy in March '08 - Bloomberg Bloomberg - 12:39PM Fed Taper Question Keeps US Corporate Bond Sales Below Average - Bloomberg Bloomberg - 12:12PM Yellen Saw Economy at 'Brink of Recession' in January 2008 - Bloomberg Reuters - 11:01AM Existing home sales slump to 18-month low www.nytimes.com - 9:57AM Fed to Publish Transcripts of 2008 Meetings Market Watch - 9:55AM The Week in Charts: Frosty winter bites housing, manufacturing CNBC - 9:43AM US stocks turn little changed ahead of report on home sales Bloomberg - 8:32AM Wall Street Landlords Buy Bad Loans for Cheaper Homes: Mortgages - Bloomberg Market Watch - 8:30AM Fannie Mae reports $84 billion annual profit CNBC - 8:29AM Existing homes data to be eyed by Wall Street CNBC - 8:29AM Fannie repaying US bailout Today's Comments MBS Live Chat - 10:29AM "I don't think it has anything to do with weather in CA...." MBS Live Chat - 10:29AM "yeah, we talked about that a bit yesterday. Cali has run into affordability issues that are independent of weather and began well before Winter...." MBS Live Chat - 10:30AM "right the investor buyer no longer driving the market anymore in CA..." MBS Live Chat - 10:30AM "linked this yesterday http://mndne.ws/1fmTV7q That's not the kind of thing that can be true for too long without consequences--at least not when rates have risen enough to cool-off investor purchases...." MBS Live Chat - 12:46PM "short sale rule on conventional?..." MBS Live Chat - 12:46PM "7 years with less than 10% dp..." MBS Live Chat - 12:47PM "2 years with 20% dp..." MBS Live Chat - 12:47PM "Freddie with do 3 years with 10%..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.49% +0.02 15 Yr FRM 3.50% +0.02 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.36% +0.02 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 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.50% 0.26 +0.05 15 Yr. Fixed 3.55% 0.33 +0.06 30 Yr. Jumbo 4.45% 0.11 +0.05 30 Yr. FHA 4.16% 0.14 +0.03 5/1 ARM 3.20% 0.38 +0.09 Freddie Mac ** 30 Yr. Fixed 4.33% 0.70 +0.05 15 Yr. Fixed 3.35% 0.70 +0.02 1 Yr. ARM 2.57% 0.30 +0.02 5/1 Yr. ARM 3.08% 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 96.48 +0.16 30YR FNMA 3.5 100.72 +0.16 30YR GNMA 3.0 98.36 +0.11 30YR GNMA 3.5 102.20 +0.16 15YR FNMA 3.0 102.97 +0.08 15YR FNMA 2.5 99.92 +0.08 Treasuries Yield Change 2 YR 0.3182% -0.0043 5 YR 1.5329% -0.0099 10 YR 2.7319% -0.0199 30 YR 3.6934% -0.0307 Prices as of: 2/21/2014 4:27PM 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

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