Wednesday, March 31, 2010

Preparing for the Fed's Exit from the Mortgage Market: Yield Spreads

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Mortgage market participants must now face the reality of a life without the supportive, flow balancing, volatility calming bid of the Federal Reserve... - MBS Commentary
The reality of a purchase driven housing market is setting in as the refinance index failed to make much progress in Q1 2010 even as mortgage rates held... - MND NewsWire
Fannie Mae's mortgage investment portfolio shrank for the second straight month in February. This will not last much longer though. On Februrary 10... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 96-30 -0-03
FNMA 4.5 100-07 -0-02
FNMA 5.0 103-02 -0-05
FNMA 5.5 105-11 -0-02
FNMA 6.0 106-07 -0-01
Updated: 3/31/10 4:22 PM
Treasuries
3 MO 0.1501 -0.0099
2 YR 1.0158 -0.0442
5 YR 2.5536 -0.0464
10 YR 3.8276 -0.0524
30 YR 4.7109 -0.0391
Updated: 3/31/10 4:55 PM
Mortgage Rates
30 Yr FRM 5.01 0.01
15 Yr FRM 4.30 0.00
FHA 30 Year 5.19 0.01
Jumbo 30 Year 6.55 0.01
5/1 Yr ARM 4.06 0.02
Updated: 3/31/10 4:22 PM
Latest Video      
View:All Videos
Q1: What Worked, What Didn't
3/31/2010
The CNBC news team looks back at what worked and what didn't in the first quarter of 2010.
The Fed Goes Marching Out
3/31/2010
The Fed is ending today its purchases of mortgage-backed securities and the debt of Fannie Mae and Freddie Mac. CNBC's Steve Liesman has the full story...
End of Quantitative Easing
3/31/2010
Thoughts on whether the economy can sustain the rally, with Roger Bayston, Frankin Templeton Fixed Income Group.

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Recent Comments
Bobby Downey
on 3/31/2010 - read this comment
Mike employment will play a big role in that equation as well. Loan quality is improving but even the most qualified borrowers have trouble making payments when they are unemployed for an extended period...
Adam Quinones
on 3/31/2010 - read this comment
Mike your logic is perfect...there should be less credit risk in the underlying loan thanks to tighter UW regs. I am however referring to extension risk and more volatility in the marketplace. MBS yields...
Mike Winesburg
on 3/31/2010 - read this comment
Great post! Just a thought…… as you said, MBS risk is expected to rise with the Fed's exit. With GSE backed loans continuing to get more difficult to qualify for (based on my experience), could we not...
Mark Kramme
on 3/30/2010 - read this comment
What causes a home owner to stop Paying their Mortgage Payment? Job Loss, Family Illness, Change in Financial Priority's, Their neighbor got a modification that lowered their payment 50%, Mad at the...

Mortgage News Daily


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Tuesday, March 30, 2010

TARP Funding to Play Expanded Role in Tackling Housing Crisis

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Last week the Administration announced several adjustments to the Making Homes Affordable Loan Modification Program (MHA/HAMP) and modified the existing... - Voice of Housing
David M.Blitzer, Chairman of the Index Committee at Standard & Poor's, communicated the findings of the report quite well. "The report is mixed. While... - MND NewsWire
If you are considering raising capital today, take some time to understand the difference between Common and Preferred Stock. If you are looking to maintain... - The Garrett Watts Report
jeffer90576
MBS Quotes
FNMA 4.0 97-00 -0-06
FNMA 4.5 100-07 -0-06
FNMA 5.0 103-06 -0-05
FNMA 5.5 105-14 0-00
FNMA 6.0 106-10 -0-03
Updated: 3/30/10 4:29 PM
Treasuries
3 MO 0.1600 0.0342
2 YR 1.0600 0.0204
5 YR 2.6000 0.0028
10 YR 3.8800 0.0157
30 YR 4.7500 -0.0177
Updated: 3/30/10 5:41 PM
Mortgage Rates
30 Yr FRM 5.00 0.02
15 Yr FRM 4.30 0.00
FHA 30 Year 5.18 0.02
Jumbo 30 Year 6.54 0.03
5/1 Yr ARM 4.04 0.01
Updated: 3/30/10 7:04 PM
Latest Video      
View:All Videos
Economist Morici Discusses U.S. Housing Market: Video
3/30/2010
March 30 (Bloomberg) -- Peter Morici, an economist at the University of Maryland, talks with Bloomberg's Mark Crumpton about the outlook for the U.S. housing...
Consumers Ready to Spend?
3/30/2010
The Consumer Confidence Index is on the rise, but does this mean consumers are reading to spend? Ylan Mui, retail reporter at the Washington Post, and...
Robert Shiller Sees `Iffy' U.S. Housing Market Outlook: Video
3/30/2010
March 30 (Bloomberg) -- Robert Shiller, chief economist at MacroMarkets LLC and a professor at Yale University, talks with Bloomberg's Betty Liu about...

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Recent Comments
JTB
on 3/30/2010 - read this comment
Are we seeing a scenario in the 10 yr. and MBS where Friday's positive print is already being factored in? I guess, I'm asking would the real NFP have to beat projections considerably for things...
Dennis Haber
on 3/30/2010 - read this comment
Beth this was a great article. You are one of the most accomplished writers on this subject. Your clear easy to understand style has helped thousands of people gain an understanding they previously did...
Beth Paterson
on 3/30/2010 - read this comment
Brian, I'm glad that the reverse mortgage has benefited your mother. jdr, if someone is in the nursing home permanently the reverse mortgage would not be appropriate. However if one is in the nursing...
John R. Wilson
on 3/30/2010 - read this comment
I find it amazing that the Senate adjourned without extending flood insurance. This lack of action will delay closings of residential properties along the coastal areas and other areas within the 100 year...

Mortgage News Daily


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