Tuesday, February 9, 2010

HR 4581 Creates Inspector General Under FHFA to Oversee GSEs. Is this Progress?

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Top Stories      
Acting Director DeMarco and his FHFA staff are more than capable to oversee and report to Congress on the "transparency and accountability" of the GSEs... - Voice of Housing
Reports from fellow mortgage professionals indicate lender rate sheets to be worse this morning., mortgage rates are higher. While the par 30 year conventional... - Mortgage Rate Watch
Plain and Simple: sometimes a little snow is great for the local economy. sometimes too much snow can strain the budgetary limits of the local economy... - MND NewsWire
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MBS Quotes
FNMA 4.0 97-20 -0-22
FNMA 4.5 100-21 -0-20
FNMA 5.0 103-21 -0-18
FNMA 5.5 105-27 -0-14
FNMA 6.0 106-29 -0-09
Updated: 2/9/10 4:47 PM
Treasuries
3 MO 0.1200 0.0308
2 YR 0.8400 0.0768
5 YR 2.3200 0.0934
10 YR 3.6700 0.1103
30 YR 4.5800 0.0828
Updated: 2/9/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.96 0.02
15 Yr FRM 4.29 0.03
FHA 30 Year 5.14 0.05
Jumbo 30 Year 6.39 0.01
5/1 Yr ARM 4.19 0.03
Updated: 2/9/10 6:39 PM
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Feb. 9 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks rallied, sending the Dow...
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Recent Comments
Larry Gray
on 2/9/2010 - read this comment
I will pass on an experience with a borrower which may have been unique but probably not. I did a refinance a couple of years ago, borrower's first, on what is clearly a detached home. However, upon...
Adam Dahill
on 2/9/2010 - read this comment
When you applied for the loan did you tell them it was a condo or townhouse? If you applied to a bank and represented the property as a townhouse not a condo and they found out it was a condo then I think...
J. 'Hammer' Helmer
on 2/9/2010 - read this comment
OH, last thing - if you put down 5% more, that .75 goes away..........
Brian Denton
on 2/9/2010 - read this comment
Safoo, I believe lenders have 3-4 days from the day of their knowledge of something to use a "Change of Circumstance" rule to change the GFE. Otherwise, it's their dime. Whether they should...

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Posted by Tommy Wyman at 4:04 PM