Daily Newsletter: CFPB Criticized for Lack of Guidance; Rates Running Out of Steam?; 1 Million Foreclosures in 2015

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30 Year Fixed 3.94%   +0.01 15 Year Fixed 3.18%   +0.00 10YR Treasury 2.09%   +0.0210 FNMA 30YR 3.5 103.78   -0.06 FNMA 15YR 2.5 103.70   +0.03 View Today's Rates

Thursday January 14, 2016 MND NewsWire - 5:26PM CFPB Criticized for Lack of Guidance Our old standby for information on all-things-CFPB has slammed a new "fact sheet" issued by the agency regarding the treatment of construction-to-permanent loans under new TRID disclosure ... Mortgage Rate Watch - 4:54PM Mortgage Rates Running Out of Steam? For the first time this year, mortgage rates spent the second straight day without moving any lower. While that may sound like a bad thing, it should be noted that rates certainly haven ... MND NewsWire - 10:50AM Foreclosure Filings Topped 1M in 2015 It seems at times that the wave of foreclosures will never end. At the end of 2015, according to RealtyTrac's 2015 U.S. Foreclosure Market Report released on Thursday, foreclosure filings ... Pipeline Press - 9:05AM Lender Drops FICO From Underwriting Decisions; Stearns' TRID Defects I'd recently heard of an English teacher in high school who preached, "Practice safe text, use commas...and never miss a period." How about never miss a cyberattack? Thank you to Sue ... MBS Day Ahead: All You Can Do is Watch and React Financial Services Committee Hearing Case For Flood Insurance Reform Latest Video US pay gap widens, poor get poorer Initial jobless claims up 7K to 284,000 Are markets and Fed out of sync? More News from 'Around the Web' Reuters - 4:14PM Fed to hike rates three times in 2016, economic outlook subdued: poll www.cfpbmonitor.com - 2:56PM CFPB construction loan "fact sheet" falls far short of necessary guidance Calculated Risk Blog - 12:57PM Apartment Markets Recede in the January NMHC Quarterly Survey Bloomberg - 12:57PM Hitting Home: How Healthy Is Your Real Estate Market? www.realtor.com - 12:57PM Is the Tiny-House Movement a Big Fat Lie? Calculated Risk Blog - 12:57PM "So You Think A Recession Is Imminent ..." Fannie Mae - 12:56PM News Release - 2016 Outlook: Housing Affordability ... freddiemac.mwnewsroom.com - 10:57AM Mortgage Rates Fall Further Bloomberg - 10:00AM Some ECB Policy Makers Wanted Larger Rate Cut, More QE Purchases Reuters - 10:00AM Giving up on stocks: China's retail investors seek safety first CNN - 9:59AM Falling oil means rising foreclosures in these states www.realtor.com - 12:12AM The Vision We Need for the Future of Housing in America Bloomberg - 12:12AM China Bear Market Looms as PBOC Fails to Stop Flight to Safety SEC - 12:10AM SEC Charges 11 Bank Officers and Directors With Fraud Today's Rates Best Execution Rate Change 30 Yr FRM 3.94% +0.01 15 Yr FRM 3.18% +0.00 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 3.75% +0.00 5/1 Yr ARM 3.10% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.20 -0.01 30 Yr. Fixed 4.12% 1.43 -0.05 MBA ** 30 Yr. Fixed 4.12% 0.38 -0.08 15 Yr. Fixed 3.42% 0.39 -0.05 30 Yr. Jumbo 4.02% 0.30 -0.07 30 Yr. FHA 3.90% 0.34 -0.05 5/1 ARM 3.42% 0.39 -0.05 Freddie Mac ** 30 Yr. Fixed 3.92% 0.60 -0.05 15 Yr. Fixed 3.19% 0.50 -0.07 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.01% 0.40 -0.08 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 3.0 100.92 +0.14 30YR FNMA 3.5 103.78 -0.06 30YR GNMA 3.0 102.16 +0.17 30YR GNMA 3.5 104.64 -0.08 15YR FNMA 3.0 103.70 +0.03 15YR FNMA 2.5 101.66 0.00 Treasuries Yield Change 2 YR 0.8991% -0.0082 5 YR 1.5136% -0.0018 10 YR 2.0944% +0.0210 30 YR 2.8923% +0.0393 Prices as of: 1/14/2016 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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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