Monday, November 30, 2009

Will Pressuring Loan Servicers Be Counterproductive?

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/121446.aspx

You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


Home Today's Headlines ATW Forums Q&A Mortgage Rates  
Top Stories      
In an effort to get servicers to be even more diligent in improving conversion rates, Treasury is now telling servicers that they will not receive "a penny... - Voice of Housing
The Treasury Department is reportedly going to announce plans to move more aggressively against servicers and lenders who fail to move borrowers out of... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 100-15 0-06
FNMA 4.5 102-18 0-02
FNMA 5.0 104-25 0-02
FNMA 5.5 106-10 0-01
FNMA 6.0 107-06 0-05
Updated: 11/30/09 4:29 PM
Treasuries
3 MO 0.0466 0.0166
2 YR 0.6632 -0.0168
5 YR 1.9996 -0.0305
10 YR 3.1941 -0.0159
30 YR 4.1953 -0.0147
Updated: 11/30/09 4:43 PM
Mortgage Rates
30 Yr FRM 4.72 -0.03
15 Yr FRM 4.03 -0.02
FHA 30 Year 4.91 -0.01
Jumbo 30 Year 5.87 0.02
5/1 Yr ARM 3.82 -0.01
Updated: 11/30/09 12:55 PM
Latest Video      
View:All Videos
Home sweet home, rented or owned
11/30/2009
Looking for a place to live can pose some challenges, one of them being the decision of whether to buy or rent. Realtors and those who have survived the...
Obama Admin's New Mortgage Plan
11/30/2009
Insight on the new loan modification program, with CNBC's Diana Olick.
The Next Debt Bomb
11/30/2009
Assessing where the next debt bomb will explode, with CNBC's Steve Liesman; Nick Chamie, RBC Capital Markets; and CNBC's Steve Liesman.

Advertise With Mortgage News Daily
JOIN THE CONVERSATION
Recent Comments
Tim Rood
on 11/30/2009 - read this comment
Conditional "safe harbors" are afforded to the majority of servicers by Treasury in an effort to mitigate the risks of upsetting one shareholder group over another in "class warfare."...
David Haines
on 11/30/2009 - read this comment
I am surprised that a lender would give that information to a borrower. Not that I think it is a secret but there is no way 95% of the general public would have any idea what any of that means. ....hmmm...
Frank Ceizyk
on 11/30/2009 - read this comment
Tim, A client emailed me this response from Indymac Mortgage Services as he continues to pursue a modification with Indybank/Onewest which begs the questions: 1. Are servicers really the decision making...
Jason Wilborn
on 11/28/2009 - read this comment
Great Post Adam. I too am very biased at this time towards locking. I think we see some year volatility that could push rates higher than where they are now. Hope you have a great Turkey Day

Mortgage News Daily

You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/121446.aspx

Posted by Tommy Wyman at 2:09 PM