Tuesday, March 2, 2010

Reverse Mortgages Get Special Attention from Federal Investigators

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The Financial Crimes Enforcement Network (FinCEN), an arm of the Treasury which generally tracks drug money and terrorist funding has now apparently added... - Voice of Housing
It was a very volatile day in the secondary mortgage market. Yesterday MBS prices rose in the morning and fell in the afternoon. Today the exact opposite... - Mortgage Rate Watch
Mortgage Support Needed in Russia; Jumbo Market Making a Comeback?; Warehouse Lending; Investor Updates - Pipeline Press
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MBS Quotes
FNMA 4.0 98-06 -0-01
FNMA 4.5 101-01 -0-01
FNMA 5.0 103-24 0-03
FNMA 5.5 105-16 0-07
FNMA 6.0 106-15 0-10
Updated: 3/2/10 4:31 PM
Treasuries
3 MO 0.1400 0.0173
2 YR 0.8000 0.0041
5 YR 2.2700 -0.0118
10 YR 3.6200 0.0121
30 YR 4.5700 0.0124
Updated: 3/2/10 5:41 PM
Mortgage Rates
30 Yr FRM 4.93 -0.01
15 Yr FRM 4.30 0.00
FHA 30 Year 5.15 0.00
Jumbo 30 Year 6.45 0.01
5/1 Yr ARM 4.14 -0.02
Updated: 3/2/10 5:19 PM
Latest Video      
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Dodd, Corker Said to Near Deal on Consumer Protection: Video
3/2/2010
March 2 (Bloomberg) -- Senate Banking Committee Chairman Christopher Dodd and Republican Senator Bob Corker are nearing a deal to create a consumer authority...
Future of Home Loans
3/2/2010
Congress is considering the future structure of the home mortgage industry, and the House Financial Services Cmte. is taking up the issue later this month...
Commercial Real Estate: A Ticking Time Bomb?
3/2/2010
Commercial real estate is one of the big worries at this year's Citigroup Global Property CEO Conference. Tom Flexner, head of real estate at Citigroup...

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Ben Bernanke
on 3/2/2010 - read this comment
Did anyone clue Obama and his housing geniuses into the fact that merely extending HARP will not do anything. A complete overhaul is what is necessary. How did Obama's projections pan out?: Feb 2009...
John Beebe
on 3/2/2010 - read this comment
Victor, Thanks for all the great information. I have what may be a novice question. My current home loan is a 30year with a 7 year balloon payment @ 5.125. I have an option to reset the loan for the remaining...
Adam Quinones
on 3/2/2010 - read this comment
Previously projected distressed inventory levels were seen peaking around middle of this year, but given loan modification programs and foreclosure moratoriums, foreclosure timelines have increased, according...
Gus Floropoulos
on 3/2/2010 - read this comment
i like the gold play here (short), Im a buyer of sterling anywhere near 1.45-147, as far as bonds...I think rate watchers shouldnt get greedy. The trend is not in our favor. AQ's long term outlook...

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