Thursday, June 10, 2010

FHA Gets OK to Raise Annual Mortgage Insurance Premium

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The House of Representatives has just approved by a 406-4 vote the Federal Housing Administration Reform Act, a law designed to shore up the finances of... - MND NewsWire
The good news is it seems like the worst is behind us in terms of new defaults. Plus the modest decline in newly scheduled auctions helps out housing on... - MND NewsWire
Have you ever wondered why longer term locks are more expensive than short term locks? - MBS Commentary
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MBS Quotes
FNMA 4.0 99-21 -0-22
FNMA 4.5 102-15 -0-19
FNMA 5.0 105-07 -0-12
FNMA 5.5 107-01 -0-12
FNMA 6.0 107-28 -0-11
Updated: 6/10/10 4:31 PM
Treasuries
3 MO 0.1000 0.0000
2 YR 0.7900 0.0500
5 YR 2.1200 0.1300
10 YR 3.3300 0.1300
30 YR 4.2500 0.1300
Updated: 6/10/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.73 0.04
15 Yr FRM 4.04 0.02
FHA 30 Year 4.79 0.04
Jumbo 30 Year 6.35 0.03
5/1 Yr ARM 3.71 0.03
Updated: 6/10/10 5:21 PM
Latest Video      
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Mortgage Debt On The Decline
6/10/2010
Mortgages are becoming less of a problem, reports CNBC's Steve Liesman.
U.S. Home Seizures Jump 44% as All States Show Rise: Video
6/10/2010
June 10 (Bloomberg) -- U.S. home foreclosures reached a record for the second consecutive month in May, with increases in every state, as lenders stepped...
Fin-Reg Impact on Small Biz
6/10/2010
Discussing how financial reform regulation will impact small business owners, with Heather McGhee, Demos Washington and Phil Kerpen, Americans for Prosperity...

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Recent Comments
Frank Ceizyk
on 6/10/2010 - read this comment
One unasked question AQ: when the shadow inventory hits the streets, how will it affect the growing phemonena of strategic defaults? If these firesale homes continue to drag down the values of nearby homeowners...
Owl Tree
on 6/10/2010 - read this comment
Larry, I agree 100%. My biggest fear is that the financial reform legislation will be corrupted to serve the market interest of the largest, most politically-influential players at the expense of small...
Larry Gray
on 6/9/2010 - read this comment
You guys have to be the talented few among the many loan officers there were at one time even just a year ago let alone 3 years ago...to have survived this far along. I do not even want to begin to talk...
nick mollgaard
on 6/9/2010 - read this comment
Re the tax credit the realtors I talk to here saw an immediate effect after the april 30 deadline for accepted offers. I would assume that reports going forward will indicate most of the action on this...

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