Monday, March 29, 2010

Misconceptions of Reverse Mortgage Reality

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Top Stories      
Most people have preconceived notions about reverse mortgage. Why are so many folks afraid to hear the facts from an expert? - Community Commentary
Today, adding to the first Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (the "HFA Hardest Hit Fund"), the Obama... - MND NewsWire
The OCC/OTS metrics report for the last quarter of 2009 confirms the continued increase in delinquent loans but notes that servicers have expanded retention... - MND NewsWire
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MBS Quotes
FNMA 4.0 97-05 -0-01
FNMA 4.5 100-11 -0-02
FNMA 5.0 103-09 -0-02
FNMA 5.5 105-13 -0-02
FNMA 6.0 106-15 0-01
Updated: 3/29/10 4:30 PM
Treasuries
3 MO 0.1258 -0.0142
2 YR 1.0396 -0.0004
5 YR 2.5972 0.0072
10 YR 3.8643 0.0043
30 YR 4.7677 0.0177
Updated: 3/29/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.98 -0.02
15 Yr FRM 4.30 -0.01
FHA 30 Year 5.16 -0.02
Jumbo 30 Year 6.51 -0.01
5/1 Yr ARM 4.03 -0.01
Updated: 3/29/10 5:26 PM
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An artist in Detroit makes a big statement about the frozen housing market. Dow Jones Newswires' Al Lewis joins the News Hub to discuss.
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The Treasury Department confirms it will begin selling its nearly one-third stake in Citigroup, with CNBC's Mary Thompson.
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Chris Edwards, of the Cato Institute, and Martin Feldstein, chairman of the Council of Economic Advisers under President Reagan, discuss the impact the...

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Recent Comments
Adam Quinones
on 3/29/2010 - read this comment
still too early to tell Jeff. We need to see what the market bakes in before the Friday NFP release. Buy Rumor Sell News? Sell Rumor Buy the News? We gotta get past S&P/Case-Shiller first. After that...
Jeff Anderson
on 3/29/2010 - read this comment
You're right, Bobby. I forgot about the holiday, but w/out the actual number being out before the holiday should we expect a big movement as traders settle their positions prior to the actual report...
Adam Quinones
on 3/29/2010 - read this comment
The Fed finishes up the MBS Purchase Program on Wednesday. I would expect to see increased volatility around this event...with "rate sheet influential" MBS coupons playing a bit less follow the...
Lisa Kerr
on 3/26/2010 - read this comment
I think that the governments idea's are starting on the right track (after $ spent) but this is still very flawed in my opinion. At least they are finally getting that they will need to persuade people...

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