Daily Newsletter: CFPB Warning: Cordray 'Disturbed by Reports' of TRID Implementation; Fannie Expanded Credit in DU; Higher Rates; Housing Starts Rise

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30 Year Fixed 3.86%   +0.03 15 Year Fixed 3.12%   +0.02 10YR Treasury 2.07%   +0.0460 FNMA 30YR 3.5 104.34   -0.17 FNMA 15YR 2.5 104.31   -0.09 View Today's Rates

Tuesday October 20, 2015 MND NewsWire - 11:49AM CFPB Warning: Cordray 'Disturbed by Reports' of TRID Implementation In what seemed to us to be a very long speech for him, Richard Cordray, Director of the Consumer Financial Protection Bureau spoke of three major changes that had affected his audience ... MND NewsWire - 5:25PM Fannie Mae Announces Credit Related DU Upgrades Fannie Mae has announced three enhancements of data used through its Desktop Underwriter (DU) system which it says will bring more certainty and simplicity to lenders, employ stronger ... Mortgage Rate Watch - 4:35PM Mortgage Rates Moderately Higher Mortgage rates were moderately higher today, ending a 4 day streak near the lowest levels in more than 5 months. To be fair, the streak isn't technically over if we're only looking ... MND NewsWire - 10:24AM For Better or Worse, Multi-Family Drives Construction Numbers Multi-family home construction drove the numbers for most of the September report on residential construction issued today by the U.S. Census Bureau and the Department of Housing and ... Purchase Applications set for Healthy 2016; Refinance outlook Bleak MBS MID-DAY: Holding Ground After Weaker Morning Barclays/Wachovia settlement; Bank Earnings and M&A; What is "Conduct Risk"? MBS Day Ahead: Risk of Boredom Ahead of Next Week's FOMC Latest Video 10-year note continuing compression: Santelli Soaring demand for rentals September housing starts up 6.5% More News from 'Around the Web' Bloomberg - 3:08PM Even the Cheapest Homes Are Too Expensive For Millennials www.builderonline.com - 5:23PM The Size of the Mortgage Market in 2015 Calculated Risk Blog - 1:52PM Comments on September Housing Starts Market Watch - 1:51PM Freddie Mac CEO wants more low down-payment mortgages www.realtor.com - 1:51PM Need a Home Mortgage? Fannie Says Forget the Pay Stubs Bloomberg - 11:53AM What's Ahead Future for Banking Regulations? CNBC - 10:41AM Hedge funds see worst year since financial crisis www.realtor.com - 8:45AM White House Punts on Fannie-Freddie Fate www.cfpbmonitor.com - 8:39AM Director Cordray sends warning to vendors on TRID rule compliance CNBC - 8:37AM Demand for rental apartments buoys US housing starts Today's Rates Best Execution Rate Change 30 Yr FRM 3.86% +0.03 15 Yr FRM 3.12% +0.02 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.63% +0.03 5/1 Yr ARM 2.92% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.49% 1.29 +0.13 30 Yr. Fixed 4.20% 1.45 +0.16 MBA ** 30 Yr. Fixed 4.08% 0.45 -0.01 15 Yr. Fixed 3.29% 0.41 -0.02 30 Yr. Jumbo 3.96% 0.35 -0.03 30 Yr. FHA 3.87% 0.34 -0.01 5/1 ARM 2.95% 0.41 +0.00 Freddie Mac ** 30 Yr. Fixed 3.82% 0.60 +0.06 15 Yr. Fixed 3.03% 0.60 +0.04 1 Yr. ARM 2.54% 0.20 -0.01 5/1 Yr. ARM 2.88% 0.40 +0.00 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 3.0 101.42 -0.23 30YR FNMA 3.5 104.34 -0.17 30YR GNMA 3.0 102.13 -0.44 30YR GNMA 3.5 104.67 -0.42 15YR FNMA 3.0 104.31 -0.09 15YR FNMA 2.5 102.22 -0.13 Treasuries Yield Change 2 YR 0.6331% +0.0364 5 YR 1.3914% +0.0476 10 YR 2.0705% +0.0460 30 YR 2.9166% +0.0339 Prices as of: 10/20/2015 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

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