Daily Newsletter: Foreclosures Down but 21 States Buck Trend; Mortgage Choice Act Passes House; Rates up to 1-Month Highs

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30 Year Fixed 4.25%   +0.02 15 Year Fixed 3.37%   +0.03 10YR Treasury 2.64%   +0.0308 FNMA 30YR 3.5 102.03   -0.25 FNMA 15YR 2.5 103.48   -0.17 View Today's Rates

Tuesday June 10, 2014 MND NewsWire - 1:32PM National Foreclosure Rates Drop but 21 States Buck Trend Foreclosure activity dipped significantly in May RealtyTrac reported on Tuesday with a decrease of 5 percent in foreclosure filings compared to those in April. RealtyTrac's U.S. Foreclosure ... MND NewsWire - 1:12PM "Mortgage Choice Act" passes House A bill modifying the definition of points and fees under the Truth in Lending Act passed the House of Representatives yesterday on a voice vote. HR 3211, the Mortgage Choice Act of ... Mortgage Rate Watch - 4:15PM Mortgage Rates Rise to 1-Month Highs Mortgage rates continued higher today adding to a losing streak that has only seen one day of improvement in the last 9. Rate sheets now most closely match those seen on May 10th. The ... Pipeline Press - 10:21AM CFPB & AMCs; Lots of Lender Updates; New Non-QM Investor; Who is Connective? "Action will be taken to prevent the next disaster as soon as possible after it has occurred." In an unrelated topic, although in the same paragraph as that clever statement, the Federal ... MBS MID-DAY: Bond Markets Continue Losing Streak; MBS Underperform Survey Respondents see Home Prices, Interest Rates, and Rents Leveling City Sues Major Bank for Redlining (What's Redlining?) Latest Video Florida's condo fight Why BofA has a bright future: Fund manager Wholesale inventories up 1.1% More News from 'Around the Web' Washington Post - 4:45PM Everyone's worried about student loans Reuters - 4:45PM Fischer, two other Fed nominees advance in Senate CNBC - 4:45PM AIG's Benmosche to resign CNBC - 4:45PM Jobs opening up, but workers lack skills CNBC - 4:45PM Warren aims to fix student loan problems CNBC - 3:10PM Cashin: The one thing I'm watching Bloomberg - 1:45PM The 'Sell Treasuries' Cry Is Serious Now to Western Asset - Bloomberg Google News - 1:33PM REALTORS® Applaud House Passage of Mortgage Choice Act Google News - 12:16PM New Home Construction Needed in Most of U.S. webfeeds.brookings.edu - 12:15PM Janet Yellen's Dashboard Reuters - 12:15PM Wells Fargo loses bid to avoid lawsuit over FHA mortgage loans Market Watch - 12:13PM Wells Fargo CFO says slower home-buying persists Reuters - 12:13PM U.S. wholesale inventories rise solidly, may boost second-quarter GDP Washington Post - 10:29AM Median price for home in D.C. region hits record high for month of May WSJ - 10:28AM Economic Concerns Temper Home Buyer Enthusiasm Bloomberg - 8:58AM Las Vegas Back From the Bust Revives Dead Projects - Bloomberg www.cfpbmonitor.com - 8:53AM Another Supreme Court disparate impact case? Market Watch - 8:52AM 10-year Treasury yield rises to highest in a month CNBC - 8:52AM Why troubled euro zone bonds are outperforming Treasurys CNBC - 8:51AM US foreclosures at 8-year low Today's Comments MBS Live Chat - 9:24AM "Excellent technical analysis on "The Day Ahead"....charts for dummies..." MBS Live Chat - 9:30AM "not that I'd want to see it today, but the next important test in terms of 10yr yields would be 2.66-2.67..." MBS Live Chat - 9:37AM "Yesterday evening I was asked to compare a quote from a competitor and the borrower (conventional with 5% Down) was told by brand X that they "waive the mortgage insurance on loans with more than 5% down." I told him I've never heard of this and I'd encourage him to get this in writing and confirm with..." MBS Live Chat - 9:38AM "sounds like good marketing and LPMI on everything..." MBS Live Chat - 9:38AM "the word "waive" is suspect however from a legal perspective..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.25% +0.02 15 Yr FRM 3.37% +0.03 FHA 30 Year Fixed 3.80% +0.05 Jumbo 30 Year Fixed 4.07% +0.02 5/1 Yr ARM 3.21% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.31% 0.15 -0.02 15 Yr. Fixed 3.42% 0.06 -0.01 30 Yr. Jumbo 4.23% 0.16 -0.01 30 Yr. FHA 4.04% -0.45 -0.02 5/1 ARM 3.13% 0.19 -0.01 Freddie Mac ** 30 Yr. Fixed 4.14% 0.50 +0.02 15 Yr. Fixed 3.23% 0.50 +0.02 1 Yr. ARM 2.40% 0.40 -0.01 5/1 Yr. ARM 2.93% 0.40 -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 97.70 -0.22 30YR FNMA 3.5 102.03 -0.25 30YR GNMA 3.0 99.89 -0.03 30YR GNMA 3.5 103.14 -0.17 15YR FNMA 3.0 103.48 -0.17 15YR FNMA 2.5 100.84 -0.22 Treasuries Yield Change 2 YR 0.4428% +0.0160 5 YR 1.7107% +0.0282 10 YR 2.6421% +0.0308 30 YR 3.4753% +0.0298 Prices as of: 6/10/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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