Tuesday, January 12, 2010

MBA Reduces 2010 Origination Outlook Again

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
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In spite of issuing a disquieting set of projections for the mortgage industry last month, the Mortgage Bankers Association managed to issue even grimmer... - MND NewsWire
The companies were among a number of direct endorsement companies HUD and OIG are scrutinizing because of a significant number of claims, a certain level... - MND NewsWire
Many mortgage banking CEOs are past production people that believe a company's success is based on growing production. Production is part of the equation... - The Garrett Watts Report
jeffer90576
MBS Quotes
FNMA 4.0 97-16 0-20
FNMA 4.5 100-16 0-16
FNMA 5.0 103-09 0-16
FNMA 5.5 105-06 0-12
FNMA 6.0 106-11 0-06
Updated: 1/12/10 4:33 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: 1/12/10 5:50 PM
Mortgage Rates
30 Yr FRM 5.04 -0.03
15 Yr FRM 4.35 -0.01
FHA 30 Year 5.25 -0.04
Jumbo 30 Year 6.34 0.00
5/1 Yr ARM 4.26 -0.01
Updated: 1/12/10 2:19 PM
Latest Video      
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New Bank Tax?
1/12/2010
Discussing the latest proposal to tax banks, with CNBC's John Harwood.
Rosner Says Principal Cuts Needed to Stem Foreclosures: Video
1/12/2010
Jan. 12 (Bloomberg) -- Joshua Rosner, managing director at Graham Fisher & Co., talks with Bloomberg's Lori Rothman about mortgage modification...
U.S. Treasury Three-Year Notes Yield 1.49% at Auction: Video
1/12/2010
Jan. 12 (Bloomberg) -- The U.S. Treasury Department sold $40 billion of three-year notes at a yield of 1.49 percent, the highest since August 2009, as...

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Recent Comments
Paul Carlin
on 1/12/2010 - read this comment
I have seen nothing come from lender this afternoon. I guess they figured the prices this morning was good enough. I guess they would be waiting till the morning to see where it all shakes out.
Michael Baker
on 1/12/2010 - read this comment
An average to slightly above treasury auctions leads to a "Face Melter Light" day in the MBS market. An 85K loss in payroll numbers (80K worse than expected) Friday leads the MBS market to float...
Carolyn Eischens
on 1/12/2010 - read this comment
We have been trying to get an answer to this very question. Below is an email directly from : Wm. White Supervisory Loan Specialist Loan Policy & Valuation VA Central Office Washington, DC (202) 461...
Edgar
on 1/12/2010 - read this comment
Jason...agree. I have lenders that can't even agree on how it is supposed to work. One lender shut down the submission process in CA several times last/this week because of confusion. The price leader...

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