Daily Newsletter: Wells Fargo's Plan for Slow Mortgage Market: Increase Pay!; Rates Hit 1-Mo Lows; Fewer Foreclosure Problem Areas

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30 Year Fixed 4.14%   -0.03 15 Year Fixed 3.29%   -0.01 10YR Treasury 2.40%   -0.0187 FNMA 30YR 3.5 102.63   +0.17 FNMA 15YR 2.5 103.67   +0.06 View Today's Rates

Thursday August 14, 2014 MND NewsWire - 3:46PM Wells Fargo's Plan for Slow Mortgage Market: Increase Pay! Wells Fargo has apparently decided that a carrot is better than massive layoffs when the mortgage business starts to slide. Bloomberg is reporting that the bank, the nation's largest ... Mortgage Rate Watch - 4:49PM Mortgage Rates Lowest in Over a Month Mortgage rates made yet another small move lower , and this time it was enough to lay claim to the title of "lowest in over a month." This is more a factor of rates being very close ... MND NewsWire - 10:37AM RealtyTrac: Fewer Localities have Persistent Foreclosure Problems There was a significant uptick in foreclosure filings in July according to RealtyTrac's U.S. Foreclosure Market Report. The company said however that filings including default notices ... Pipeline Press - 9:47AM MBA President Explains the Reason for Overlays; Lack of Demand for MBS? Here's a story for the guys in IT. In "the old days" hotel rooms actually had keys, and hotels didn't have computers. But now most hotels are reliant on computers for controlling not ... MBS MID-DAY: Bond Markets Stronger Out of the Gate; Fading a bit ahead of Auction New Home Purchase Applications Up Slightly in July Cash Sales Share Continues Slide; still 10+ points Higher than Pre-Crash Latest Video Cashin: Stories of massive shorts in bond market It's all about the Fed Europe spillover into US? More News from 'Around the Web' Google News - 5:04PM Why it's no easy task to determine what the GSEs should charge for their guarantee Market Watch - 3:40PM Fed's Bullard still sees first rate hike in March Market Watch - 2:36PM Market Extra: German 10-year yield below 1%: 4 takeaways CNBC - 1:56PM Once hot, San Diego real estate cooling off CNBC - 1:55PM How poor credit costs you on homeowners insurance Reuters - 12:00PM Deutsche Bank, BayernLB agree to settle $810 million U.S. suit Bloomberg - 12:00PM American Consumer Debt Declines for First Time In a Year - Bloomberg Bloomberg - 10:48AM Wells Fargo Tries Boosting Pay Amid Mortgage-Revenue Drop - Bloomberg freddiemac.mwnewsroom.com - 10:07AM Fixed Mortgage Rates Edge Lower Bloomberg - 10:07AM Bigger Down Payments Add to US First-Time Buyer Blues: Economy - Bloomberg Market Watch - 10:07AM Treasury says it plans to sell remaining Ally Financial stake Market Watch - 9:04AM Bond Report: 10-year Treasury yield on track to hit year's low Reuters - 9:04AM U.S. jobless claims up, but trend still points to firming jobs market CNBC - 9:03AM Still to come? Pain from Fed's 'taper' dismount Bloomberg - 8:58AM Treasuries Rise as U.S. Jobless-Benefit Claims Climb - Bloomberg Reuters - 8:57AM Stated income loans make comeback as mortgage lenders seek clients CNBC - 8:55AM Foreclosure activity up, but don't panic Today's Comments MND NewsWire - 10:27PM "Frank Ceizyk...I would like to think your cringe when you hear any mortgage professional use the word "home" and "investment" in the same sentence is because you just do not like home buying as an investment, though you may once have. Whatever these young people ages 25 to 34 decide, home buying ought..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.14% -0.03 15 Yr FRM 3.29% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.98% -0.02 5/1 Yr ARM 3.21% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.56% 1.13 -0.10 30 Yr. Fixed 4.37% 1.39 -0.16 MBA ** 30 Yr. Fixed 4.35% 0.22 +0.00 15 Yr. Fixed 3.48% 0.30 -0.03 30 Yr. Jumbo 4.24% 0.19 -0.02 30 Yr. FHA 4.04% 0.03 -0.02 5/1 ARM 3.24% 0.45 -0.08 Freddie Mac ** 30 Yr. Fixed 4.12% 0.60 -0.02 15 Yr. Fixed 3.24% 0.60 -0.03 1 Yr. ARM 2.36% 0.50 +0.01 5/1 Yr. ARM 2.97% 0.50 -0.01 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 98.98 +0.23 30YR FNMA 3.5 102.63 +0.17 30YR GNMA 3.0 101.20 +0.22 30YR GNMA 3.5 104.05 +0.13 15YR FNMA 3.0 103.67 +0.06 15YR FNMA 2.5 101.33 +0.11 Treasuries Yield Change 2 YR 0.4158% -0.0001 5 YR 1.5691% -0.0148 10 YR 2.4033% -0.0187 30 YR 3.1933% -0.0531 Prices as of: 8/14/2014 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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