Wednesday, May 5, 2010

Home Buyer Tax Credit Done. Originators Need Product to Close Pending Contracts

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"Purchase application activity continued to increase in the last week of the homebuyer tax credit program, driven by significant increases in both... - MND NewsWire
Our judgment has been greatly clouded by unexpected events. While these outliers are now significant issue, I am confident in the US's ability to innovate... - MND NewsWire
We are dumping millions of dollars to support people who are in trouble on their mortgages, in many cases these are people who over stretched to begin... - Community Commentary
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MBS Quotes
FNMA 4.0 98-09 0-10
FNMA 4.5 101-04 0-06
FNMA 5.0 103-22 0-03
FNMA 5.5 105-19 0-04
FNMA 6.0 107-00 0-03
Updated: 5/5/10 4:31 PM
Treasuries
3 MO 0.1500 -0.0100
2 YR 0.8800 -0.0800
5 YR 2.3100 -0.0700
10 YR 3.5800 -0.0500
30 YR 4.3900 -0.0400
Updated: 5/5/10 5:48 PM
Mortgage Rates
30 Yr FRM 4.91 -0.03
15 Yr FRM 4.26 -0.02
FHA 30 Year 5.05 -0.03
Jumbo 30 Year 6.46 -0.04
5/1 Yr ARM 3.94 -0.03
Updated: 5/5/10 5:34 PM
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May 5 (Bloomberg) -- Laurie Goodman, an analyst at Amherst Securities Group LP, talks with Bloomberg's Margaret Brennan about the U.S. Treasury's...

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Recent Comments
Adam Quinones
on 5/5/2010 - read this comment
JTB. yes but the extent to which bond math is at work has resulted in some snowballing. better rate sheet rebate will require lenders to either reboot their hedge (buy back their hedge) or squeeze margins...
JTB
on 5/5/2010 - read this comment
Is the widening of spread between the 10 yr. & MBS, just a case of MBS trailing in gains or are should we expect this to become a bit more normal, thoughts?
Frank Ceizyk
on 5/4/2010 - read this comment
Amy-great article--I wonder how much the servicers would want to play ball, considering how unwilling they are to modify otherwise eligible HAMP candidates. Here's another place where maybe we could...
Lea Shaw
on 5/4/2010 - read this comment
Amy, Thank you for your article - and right on spot. It is so frustrating to tell a homeowner that they can't refinance to lower their rate because they don't make enough money. They hear and read...

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