Friday, February 26, 2010

Fannie Mae to Clean Up Purchase Process. And Jumpstart the Non-Agency Market at Same Time?

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
If I was selling loans at the moment and I wanted to reduce secondary marketing 'leakage', I would take special note of the changes, updates, and... - MND NewsWire
Freddie Mac (NYSE: FRE) announced today that on or about September 1, 2010, the company will cease purchasing and securitizing interest only mortgages... - MND NewsWire
Well well well, look where we sit. 10s rose from 3.60 to 3.80 in seven sessions. Took a short breather. Then fell from 3.80 to 3.60 in four days. Chop... - MBS Commentary
jeffer90576
MBS Quotes
FNMA 4.0 98-10 0-07
FNMA 4.5 101-04 0-06
FNMA 5.0 103-20 0-02
FNMA 5.5 105-06 -0-04
FNMA 6.0 106-01 -0-03
Updated: 2/26/10 4:30 PM
Treasuries
3 MO 0.1300 0.0000
2 YR 0.8100 -0.0100
5 YR 2.3000 -0.0300
10 YR 3.6100 -0.0300
30 YR 4.5500 -0.0300
Updated: 2/26/10 5:50 PM
Mortgage Rates
30 Yr FRM 4.92 -0.03
15 Yr FRM 4.29 -0.04
FHA 30 Year 5.14 -0.01
Jumbo 30 Year 6.45 0.00
5/1 Yr ARM 4.18 -0.02
Updated: 2/26/10 8:19 PM
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Discussing the uneveness of the economic recovery, with Charles Evans, Chicago Fed president and CNBC's Steve Liesman.

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Recent Comments
Adam Quinones
on 2/26/2010 - read this comment
I did not get to post Vics blog today. I will publish over the weekend. Rates did move a few bps lower today. We think the recent rally in mortgage rates is running out of steam though. The risk of rates...
Michael Baker
on 2/26/2010 - read this comment
We are seeing unemployment claims rise (Almost back to 500K). Home Sales have contracted the last few months (Even the NAR was not able to spin this month's poor number). Does anyone at the FED think this...
Larry Gray
on 2/26/2010 - read this comment
It really has been surprising how little most of the lenders having been giving back to us this week. It was nice to see some improvements over the days here and there but I guess by the end of the week...
Dan Clifton
on 2/25/2010 - read this comment
I have not seen an increase in the # qualified applicants, but what i HAVE seen is an increase in the % of qualified applicants. My overall apps are down, but to a man almost everyone qualifies. Have the...

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