Friday, January 22, 2010

Don't Expect the GSEs to Go Away Anytime Soon

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
GNMA paper is already explicitly guaranteed, expect GNMA and the FHA to continue to be a crutch (responsibly). In terms of GSE paper, while I still believe... - MND NewsWire
Our analysis shows that there are still a substantial number of mortgages at risk of distress or foreclosure. One particularly troubling area concerns... - Community Commentary
With lenders still offering the best rates we've seen in over a month and further progress unknown in the rates market, I still think most should be... - Mortgage Rate Watch
jeffer90576
MBS Quotes
FNMA 4.0 98-00 -0-04
FNMA 4.5 100-28 -0-05
FNMA 5.0 103-23 -0-03
FNMA 5.5 105-21 -0-04
FNMA 6.0 106-24 0-01
Updated: 1/22/10 4:30 PM
Treasuries
3 MO 0.0558 -0.0042
2 YR 1.1356 -0.0044
5 YR 2.6789 -0.0112
10 YR 3.8350 -0.0150
30 YR 4.6281 -0.0019
Updated: 1/22/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.93 0.01
15 Yr FRM 4.27 0.02
FHA 30 Year 5.11 0.01
Jumbo 30 Year 6.35 0.02
5/1 Yr ARM 4.16 0.03
Updated: 1/22/10 3:50 PM
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Opinions on President Obama's proposed rules for banks, with John Dicus, Capitol Federal Financial; James Bianco, Bianco Research and CNBC's Steve...
Frank to Recommend Replacing Fannie Mae, Freddie Mac: Video
1/22/2010
Jan. 22 (Bloomberg) -- Representative Barney Frank, whose committee oversees Fannie Mae and Freddie Mac, said he will push to do away with the companies...
Breaking News: Bye Fannie, Bye Freddie?
1/22/2010
Rep. Barney Frank (D-MA) announces during a House Financial Services Committee hearing on executive compensation that hhe will recommend abolishing Fannie...

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Recent Comments
JTB
on 1/22/2010 - read this comment
They are waiting for the auctions. We've seen time and time again yields go up prior to auctions. In this instance, considering the stock lever, yields holding steady is comparative to an increase...
Mark H
on 1/22/2010 - read this comment
We use what is call Approximate Loan Cost Illustration. Although it does not show a loan amount or purchase price or seller credits, that is the initial form we use. I explain that effective Jan 1 this...
Mike Wald
on 1/22/2010 - read this comment
Edgar, I enjoy reading your many posts, as I think your right on most of the time. However, you need to be super careful about showing/using the old GFE form. Do you give the customer a copy of the old...
Bryan/Mortgage Finance Group, Inc.
on 1/22/2010 - read this comment
I attended a meeting yesterday with about 50 local brokers (scary enough) and a half dozen or so lenders, with the purpose of getting an understanding of the new GFE rules. Suffice it to say, it just turned...

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