Thursday, February 25, 2010

Bernanke Says Status of GSEs in "No-Man's Land"

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Today, during the Q&A session of his annual report to Congress, Chairman of the Federal Reserve Ben Bernanke said we are in "no-man's land"... - MND NewsWire
In response to rising numbers of long-term unemployed, the Mortgage Brokers Association has proposed an addition to the HAMP program which would allow... - MND NewsWire
Since the inception of the program in January 2009, the Fed has spent 137104.21 trillion in the agency MBS market, or 96.5 percent of the allocated 137104.25 trillion... - MND NewsWire
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MBS Quotes
FNMA 4.0 98-02 0-10
FNMA 4.5 101-00 0-09
FNMA 5.0 103-17 0-02
FNMA 5.5 105-11 0-02
FNMA 6.0 106-03 -0-01
Updated: 2/25/10 4:08 PM
Treasuries
3 MO 0.1300 0.0100
2 YR 0.8200 -0.0500
5 YR 2.3300 -0.0700
10 YR 3.6400 -0.0600
30 YR 4.5800 -0.0500
Updated: 2/25/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.95 -0.03
15 Yr FRM 4.33 -0.02
FHA 30 Year 5.15 -0.04
Jumbo 30 Year 6.45 -0.01
5/1 Yr ARM 4.20 -0.04
Updated: 2/25/10 6:19 PM
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Recent Comments
Scott Desmond
on 2/25/2010 - read this comment
I guess the underwriters can't see the forest because all those darn trees are in the way... Do they not realize that, with the tightening guidlines there will be fewer and fewer loans to underwrite...
Adam Quinones
on 2/25/2010 - read this comment
BERNANKE SAYS THE SOONER CONGRESS CAN PROVIDE CLARITY ON FUTURE OF FANNIE, FREDDIE, THE BETTER
Jeff Hutchison
on 2/25/2010 - read this comment
I see rates moving up from here into the spring/summer. Now we have Geithner stating that there will def. be changes to fannie mae. Who knows what that will be. China has threatened to dump all of their...
Bob Hill
on 2/25/2010 - read this comment
It's a strange world we're in when 4.75% on a 30y fixed is available without costing an arm or a leg but demand is down. Well....I wouldn't so much say demand is down vs the qualified borrower...

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