Wednesday, April 14, 2010

Obama Reaches Out for Input on Reform of Housing Finance System

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The Obama Administration today released questions for public comment on the future of the housing finance system, including Fannie Mae and Freddie Mac... - MND NewsWire
Representatives of four of the nation's largest mortgage lenders and servicers testified before the House Financial Services Committee yesterday on... - MND NewsWire
I really didn't take anything new from today's hearing. My dovish stance was reconfirmed. There are still significant restraints on the economy... - MBS Commentary
jeffer90576
MBS Quotes
FNMA 4.0 96-23 -0-15
FNMA 4.5 100-00 -0-08
FNMA 5.0 102-29 -0-04
FNMA 5.5 105-01 -0-02
FNMA 6.0 106-20 -0-03
Updated: 4/14/10 4:31 PM
Treasuries
3 MO 0.1600 0.0000
2 YR 1.0700 0.0000
5 YR 2.6100 0.0300
10 YR 3.8800 0.0400
30 YR 4.7200 0.0400
Updated: 4/14/10 5:40 PM
Mortgage Rates
30 Yr FRM 5.01 0.03
15 Yr FRM 4.35 0.02
FHA 30 Year 5.21 0.02
Jumbo 30 Year 6.56 0.00
5/1 Yr ARM 4.10 0.01
Updated: 4/14/10 6:51 PM
Latest Video      
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Obama on Financial Reform
4/14/2010
We need to rid ourselves of "too big to fail," President Obama told bipartisan leaders on Wednesday. The CNBC news team has the full story.
Getting a Check From Uncle Sam
4/14/2010
Some of the nation's largest corporations are getting a check from Uncle Sam, reports CNBC's Scott Cohn.
Warren Sees Need to Get `Realistic' on Loan Modification: Video
4/14/2010
April 14 (Bloomberg) -- Elizabeth Warren, who chairs the Congressional Oversight Panel for the Troubled Asset Relief Program, talks with Bloomberg's...

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Recent Comments
john murphy
on 4/14/2010 - read this comment
credit quality is poor among the last-minute folks. not seeing much of a closed loan bump. look for another leg down in house prices.
Mark H
on 4/14/2010 - read this comment
The available inventory in Phoenix is primarily Short Sales. I have had several buyers quit looking due to the screwed up, protracted process to secure an approved contract. I did pick up a relo yesterday...
JTB
on 4/14/2010 - read this comment
What do you all think about the likelihood of an extension of the credit? Its one thing to remove from MBS purchasing when that void appears to be filled, but what about this? Relative to the $$ the Fed...
Peter M
on 4/14/2010 - read this comment
Got 1 purchase today, nothing compared to the supposed end of program last year & winter around here is traditionally a slow selling season. BTW hows the Pooch? My 17 yo sprung back to live another...

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