Monday, May 10, 2010

Credit Loss Reserves and Foreclosed Inventory Expenses Eat at Fannie Mae's Earnings

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/151126.aspx

You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Fannie Mae has reported First Quarter 2010 Earnings Results. The government-sponsored enterprise, lost $11.5 billion in the first quarter compared with... - MND NewsWire
Over the weekend the European Union, IMF, and several Central Banks including the U.S. Federal Reserve announced a coordinated effort to put an official... - Mortgage Rate Watch
Quality Control Second Credit Report Requirements; FHA Broker Approvals; Do Not Call Lists; Lender Turn Times Redefined - Pipeline Press
jeffer90576
MBS Quotes
FNMA 4.0 98-13 -0-10
FNMA 4.5 101-11 -0-05
FNMA 5.0 104-00 0-00
FNMA 5.5 105-24 -0-01
FNMA 6.0 107-03 0-00
Updated: 5/10/10 4:32 PM
Treasuries
3 MO 0.1450 0.0150
2 YR 0.8637 0.0337
5 YR 2.2627 0.0927
10 YR 3.5387 0.0887
30 YR 4.4123 0.1323
Updated: 5/10/10 4:32 PM
Mortgage Rates
30 Yr FRM 4.86 0.03
15 Yr FRM 4.22 0.03
FHA 30 Year 4.99 0.04
Jumbo 30 Year 6.43 0.03
5/1 Yr ARM 3.89 0.04
Updated: 5/10/10 4:09 PM
Latest Video      
View:All Videos
Fannie Mae Posts Loss, Will Seek $8.4 Billion in New Aid: Video
5/10/2010
May 10 (Bloomberg) -- Fannie Mae, the mortgage-finance company operating under federal conservatorship, said it will seek $8.4 billion in aid from the...
More Homeowners Underwater
5/10/2010
New data showing the percentage of homeowners saddled with "underwater mortgages" continue to grow, with CNBC's Diana Olick.
Fed's Plosser on Economy
5/10/2010
Charles Plosser, president of the Federal Reserve Bank of Philadelphia, talks to CNBC's Steve Liesman about the state of the economy and more.

Advertise With Mortgage News Daily
JOIN THE CONVERSATION
Recent Comments
Michael Mekler
on 5/10/2010 - read this comment
Adam, I am in complete agreement with you. I have actually worked as a direct lender and the success of my branch P&L was directly tied to my ability to deliver good spreads with my secondary department...
Frank Ceizyk
on 5/7/2010 - read this comment
Wow AQ--this is gonna be fun...the magnitude of ignorance about financial illiteracy is simply staggering, but kudos to MND for having the courage to put the real issues to the forefront--hopefully some...
Ray J
on 5/7/2010 - read this comment
i'm highly suspicious of mathematical models which are supposed to imitate reality...birth/death adjustments, seasonal adjustments, lunar cycle adjustments... I would like to see more simple, core...
Adam Quinones
on 5/7/2010 - read this comment
we lost 427k jobs to the sampling adjustment in January, gained 97k in February, 81k in March, and 188k in April. That means we are still -61k for the year....

Mortgage News Daily


You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/151126.aspx