Daily Newsletter: CFPB Chief Encourages Borrowers to Shop Around; Originator Perspective on FHA Changes; Closer Look at Delinquency Surge; Rates hit 20 Month Lows

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 3.68%   -0.01 15 Year Fixed 3.02%   +0.00 10YR Treasury 1.90%   -0.0087 FNMA 30YR 3.5 105.05   -0.19 FNMA 15YR 2.5 104.73   +0.13 View Today's Rates

Tuesday January 13, 2015 MND NewsWire - 12:58PM CFPB Chief Encourages Borrowers to Shop Around According to a study conducted by the CFPB, nearly half of all consumers do not shop around before purchasing a mortgage. "This means," Richard Cordray told an audience at the Brookings ... Community Commentary - 3:19PM Loan Officer Perspective on FHA's Mortgage Insurance Change Last week, President Obama and HUD announced a reduction in the mortgage insurance premium (MIP) fees charged on FHA loans. Most FHA borrowers, both current and future, stand to benefit ... MND NewsWire - 12:22PM Closer Look at Delinquency Surge and Much More -Mortgage Monitor In its "first look" at November mortgage data last week Black Knight Financial Services noted a significant surge in mortgage delinquencies compared to the previous month. The 11.8 ... Mortgage Rate Watch - 4:21PM Mortgage Rates Now Back to 20 Month Lows Mortgage rates fell only modestly today, but it was enough for the best rate sheets since mid-May 2013. That's a new 20 month low, on average. The most prevalently-quoted conforming ... MBS MID-DAY: Corrective Bounce Leaves Bonds Slightly Weaker Impac & CashCall; Experian Goes Directly to the Consumer; Software News; Events & Training MBS Day Ahead: Bond Market Keeping Options Open; One More Data-Free Day Latest Video Santelli: 30-year approaches historic low When will bonds respond? Ocwen: Fully complying with California regulator More News from 'Around the Web' WSJ - 4:50PM Bank of England's Mark Carney Joins Fed in Nudging European Central Bank to Action WSJ - 4:50PM ECB's Nowotny Warns of Contagion Effects of Greek Exit From Eurozone WSJ - 4:50PM Weakness Overseas May Delay Fed Rate Increase, World Bank Says Market Watch - 4:47PM Ocwen says cooperating with California, expects to resolve action Bloomberg - 3:12PM HUD Homeownership Push to Heed Lessons From Crisis, Castro Says - Bloomberg Calculated Risk Blog - 3:12PM Fed: Q3 Household Debt Service Ratio near Record Low CNBC - 2:25PM REITs may be running too hot CNBC - 2:20PM Outlook for big banks pretty dismal Bloomberg - 1:06PM Ocwen Drops Most Ever on Report California May Suspend License - Bloomberg Market Watch - 1:06PM KB Home shares tumble 12%; execs see dropping gross margins WSJ - 11:24AM Job Openings Rise Near 14-Year High In November Market Watch - 10:59AM Ocwen Financial may lose mortgage license in California Reuters - 10:58AM U.S. Supreme Court rules for homeowners over mortgage dispute WSJ - 9:58AM Small-Business Owners Are the Most Confident Since 2006 www.gallup.com - 8:57AM U.S. Economic Confidence Index Continues Upward Trek Bloomberg - 8:56AM Borrower Safeguards Led by U.S. Seen Harmful by Banks - Bloomberg Market Watch - 8:53AM BlackRock launches U.S. real estate ETF WSJ - 8:51AM Fee Cut, Lower Rates Could Boost Mortgage Refinancings WSJ - 8:51AM ECB May Make Decision on Bond Buying in January — Coeuré CFPB - 8:48AM Nearly half of mortgage borrowers don't shop around when they buy a home Today's Rates Best Execution Rate Change 30 Yr FRM 3.68% -0.01 15 Yr FRM 3.02% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.61% -0.01 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 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 MBA ** 30 Yr. Fixed 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** 30 Yr. Fixed 3.73% 0.60 -0.14 15 Yr. Fixed 3.05% 0.50 -0.10 1 Yr. ARM 2.39% 0.40 -0.01 5/1 Yr. ARM 2.98% 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 3.0 102.48 -0.09 30YR FNMA 3.5 105.05 -0.19 30YR GNMA 3.0 103.44 +0.08 30YR GNMA 3.5 105.44 +0.05 15YR FNMA 3.0 104.73 +0.13 15YR FNMA 2.5 102.91 +0.14 Treasuries Yield Change 2 YR 0.5368% -0.0161 5 YR 1.3700% -0.0148 10 YR 1.9034% -0.0087 30 YR 2.5027% +0.0027 Prices as of: 1/13/2015 4:32PM 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. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.