Monday, March 22, 2010

Congress Focuses on Housing Finance - Five Questions That Must Be Explored

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This week the House Financial Services Committee will focus on all the mechanisms that support the nation's mortgage market, including the Federal Housing... - Voice of Housing
Fannie Mae has offered its servicers a second method of moving distressed borrowers into permanent HAMP loan modifications. The Alt Mod program is designed... - MND NewsWire
Would you invest in a company laden with huge amounts of debt and moderate growth or a company with high growth and no debt? What if the choice were between... - The Garrett Watts Report
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MBS Quotes
FNMA 4.0 98-05 0-10
FNMA 4.5 101-00 0-03
FNMA 5.0 103-29 0-05
FNMA 5.5 105-28 0-06
FNMA 6.0 106-20 0-02
Updated: 3/22/10 4:31 PM
Treasuries
3 MO 0.1369 -0.0231
2 YR 0.9647 -0.0553
5 YR 2.4052 -0.0748
10 YR 3.6569 -0.0431
30 YR 4.5708 -0.0092
Updated: 3/22/10 5:01 PM
Mortgage Rates
30 Yr FRM 4.94 -0.01
15 Yr FRM 4.26 -0.02
FHA 30 Year 5.14 -0.01
Jumbo 30 Year 6.48 -0.01
5/1 Yr ARM 4.02 -0.04
Updated: 3/22/10 5:12 PM
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Adam Quinones
on 3/22/2010 - read this comment
GEITHNER: GUARANTEES ON MBS COULD BE PROVIDED ON FULL OR PARTIAL BASIS, PRICING SHOULD REFLECT UNDERLYING RISK ASSUMED BY GOV'T. SAYS THERE SHOULD BE NO UNCERTAINTY ABOUT TREASURY'S COMMITMENT...
Adam Quinones
on 3/22/2010 - read this comment
TREASURY'S GEITHNER SAYS HOUSING FINANCE REVAMP SHOULD ENSURE PRIVATE GAINS NO LONGER SUPPORTED BY "UMBRELLA OF PUBLIC PROTECTION". SAYS CAPITAL STANDARDS MUST BE HIGHER AND EXCESSIVE RISK...
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Wells reprice for better
Marty Sonke
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AQ - I hear you about not being red or blue but I can't help but wonder if this is really about not being red or blue. I know red voted noted no but so did about 30 blue. What I am really concerned...

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