Daily Newsletter: Wells' Record FHA Settlement; Rates Holding Near 3-year Low

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

30 Year Fixed 3.63%   -0.01 15 Year Fixed 2.93%   -0.01 10YR Treasury 1.72%   +0.0069 FNMA 30YR 3.5 105.11   +0.05 FNMA 15YR 2.5 104.53   -0.03 View Today's Rates

Monday April 11, 2016 MND NewsWire - 10:46AM Wells Settlement is FHA Record Reuters is reporting that Wells Fargo & Co has agreed to pay a record $1.2 billion to resolve a dispute with the Justice Department over mortgages it falsely claimed were eligible ... Mortgage Rate Watch - 3:20PM Mortgage Rates Holding Near 3-Year Lows Mortgage rates were little changed today , keeping them in line with the lowest levels in nearly 3 years. Specifically, there have only been 2-3 days with better rates since May 2013 ... MND NewsWire - 3:57PM Inaccurate Tax Data a Source of Homeowner Frustration The CFPB's 2015 Annual Consumer Mortgage Experience report dealt with the major sources of dissatisfaction reported by homeowners with the origination, closing, and servicing processes ... Pipeline Press - 9:54AM Private MI Updates; FHA/VA changes; Lenders Should Pay Attention to Wells' Settlement Last week I was in Coeur d’Alene (for Banner Bank’s sales staff celebrating a great 2015) and I was reminded that tomorrow is “Free Cone Day” at Ben & Jerry’s ... MBS RECAP: Falling Into Line After Shaky Start MBS Week Ahead: Slow Start, Then Action-Packed by Wednesday Latest Video Mortgage rates take unexpected dip lower Santelli Exchange: Time is...'debt' Home buyers & sellers spooked More News from 'Around the Web' www.realtor.com - 3:53PM Housing Bust Lingers for Generation X www.brookings.edu - 2:28PM What tools does the Fed have left? Part 3: Helicopter money www.realtor.com - 2:04PM The New Math on Reverse Mortgages Market Watch - 2:04PM Earnings Outlook: What to expect from Wells Fargo's earnings Calculated Risk Blog - 12:42PM Mortgage Rates and Ten Year Yield Reuters - 12:42PM Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage bond pact CNBC - 12:41PM Mortgage rates dip to annual low: Will they stick? Market Watch - 10:39AM BlackRock's Larry Fink: This is the hidden danger in negative rates eyeonhousing.org - 10:12AM How Property Tax Rates Vary Across and Within Counties corporate.phh.com - 10:11AM PHH Corporation Provides Update Regarding its Private Label Business CNBC - 8:05AM Trader: How Yellen scuttled Abenomics stimulus www.realtor.com - 8:05AM Top 10 Cities for First-time Home Buyers—and Not Just Because They're Affordable CNBC - 7:59AM Size matters, but not for tiny home pioneers www.wellsfargo.com - 7:59AM Wells Fargo Comments on Details of Settlement Regarding FHA Lending Claims Reuters - 7:59AM Wells Fargo reaches $1.2 billion U.S. mortgage settlement Calculated Risk Blog - 7:59AM WSJ: "Housing Bust Lingers for Generation X" Today's Rates Best Execution Rate Change 30 Yr FRM 3.63% -0.01 15 Yr FRM 2.93% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.55% +0.00 5/1 Yr ARM 2.96% -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 3.86% 0.32 -0.08 15 Yr. Fixed 3.10% 0.37 -0.09 30 Yr. Jumbo 3.76% 0.27 -0.06 30 Yr. FHA 3.73% 0.36 -0.03 5/1 ARM 2.94% 0.26 -0.13 Freddie Mac ** 30 Yr. Fixed 3.59% 0.50 -0.12 15 Yr. Fixed 2.88% 0.40 -0.10 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.82% 0.50 -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 3.0 102.98 +0.06 30YR FNMA 3.5 105.11 +0.05 30YR GNMA 3.0 103.72 +0.22 30YR GNMA 3.5 105.77 +0.06 15YR FNMA 3.0 104.53 -0.03 15YR FNMA 2.5 102.86 0.00 Treasuries Yield Change 2 YR 0.6987% -0.0002 5 YR 1.1559% +0.0049 10 YR 1.7219% +0.0069 30 YR 2.5555% +0.0068 Prices as of: 4/11/2016 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. © 2016 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.