Friday, March 12, 2010

USDA Rural Housing Funds to Run Dry by April. Lenders Already Dropping the Program

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Every year USDA runs out of money for their fundings and normally you are not affected by this however, this year is very different. The USDA Section 502... - MND NewsWire
In the week ending March 10, 2010, the Federal Reserve purchased a gross total of $29.4 billion agency MBS. In that week the Fed sold $19.4 billion mortgage... - MND NewsWire
Fitch Ratings is warning that the expiring homebuyer tax credits, the end of the Fed's MBS Purchase Program, and the growing maturity of various government... - MND NewsWire
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MBS Quotes
FNMA 4.0 97-29 0-02
FNMA 4.5 100-27 -0-01
FNMA 5.0 103-25 0-05
FNMA 5.5 105-20 0-04
FNMA 6.0 106-18 0-04
Updated: 3/12/10 4:28 PM
Treasuries
3 MO 0.1420 -0.0180
2 YR 0.9476 -0.0224
5 YR 2.4051 -0.0249
10 YR 3.7006 -0.0294
30 YR 4.6248 -0.0352
Updated: 3/12/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.98 0.02
15 Yr FRM 4.32 0.01
FHA 30 Year 5.18 0.03
Jumbo 30 Year 6.49 0.01
5/1 Yr ARM 4.19 0.03
Updated: 3/12/10 4:26 PM
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The details on the jump in loan modifications and James Bianco, Bianco Research president; Mark Zandi, Moody's and CNBC's Diana Olick.

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Recent Comments
MisterVA
on 3/12/2010 - read this comment
It was bound to happen with the huge number of brokers & loan officers flocking to the program. With the changes in FHA [smaller seller contributions], couple with the evaporation of USDA funding so...
Adam Quinones
on 3/12/2010 - read this comment
LATEST TWEET: After a week of tightening, current coupon yields spreads blowing out today. Most action in specifieds. Class B on special thanks to short squeeze.
Gus Floropoulos
on 3/12/2010 - read this comment
no risk no reward. i still like your theory for many reasons. the market is looking for any excuse to rally, and the revisions show less improvement. joblessness and foreclosures/housing issues are a heavy...
Bobby Downey
on 3/12/2010 - read this comment
Just what we need amnesic Americans out ther consuming.....AQ what do the YOY numbers look like? I did not see those....tax return season tends to bring out the consumers historically....people that have...

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