Friday, June 25, 2010

The Phantom MBS Coupon: Lenders Battle a Lack of Liquidity

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
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If we're really headed for a double dip, interest rates will surely move lower. I'm just not sure how much further mortgage rates can fall though... - MBS Commentary
HUD annual report to Congress on the incidence of homelessness found a slight decrease in the numbers of unsheltered homeless but an increase in the numbers... - MND NewsWire
There are indications that players in Washington and elsewhere are beginning to look at housing and housing policy in a more holistic way that has been... - MND NewsWire
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MBS Quotes
FNMA 4.0 100-27 0-13
FNMA 4.5 103-14 0-10
FNMA 5.0 105-27 0-03
FNMA 5.5 107-19 0-01
FNMA 6.0 108-15 0-07
Updated: 6/25/10 4:32 PM
Treasuries
3 MO 0.1300 0.0000
2 YR 0.6500 -0.0200
5 YR 1.9000 -0.0300
10 YR 3.1200 -0.0200
30 YR 4.0700 -0.0200
Updated: 6/25/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.68 -0.01
15 Yr FRM 4.01 -0.02
FHA 30 Year 4.70 -0.01
Jumbo 30 Year 6.20 -0.06
5/1 Yr ARM 3.54 -0.06
Updated: 6/25/10 4:35 PM
Latest Video      
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Consumer Sentiment Data
6/25/2010
Consumer mood is hitting the tape, with CNBC's Rick Santelli.
Rep. Frank on FinReg
6/25/2010
Insight on the sweeping deal on financial reform, with Rep. Barney Frank (D-Mass.)
Housing Market Will `Slowly Grind Higher'
6/25/2010
June 25 (Bloomberg) -- Evan Fox, an analyst with Olympia Capital Markets Group, discusses KB Home's second-quarter loss reported today and the outlook...

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Recent Comments
G3T2
on 6/25/2010 - read this comment
If someone can and has made their payment at $2000.00 per month, good logic would say they could and would make their payment at $1700.00-$1800.00 per month. The gov't owns 80% of Freddie and Fannie...
Bobby Downey
on 6/25/2010 - read this comment
This arrangement is created solely to overcome that obstacle. As a subsidiary of the bank you have their net worth behind you..........it is a win win....i know a few people that have gone to it and are...
Frank Ceizyk
on 6/25/2010 - read this comment
It is amazing that servicers continue to be the middleman scapegoat. Have we learned nothing? All this has to do with identifying toxic loans within alll those nightmare CDO resales still muddying up the...
Liz Freeman
on 6/24/2010 - read this comment
I believe the biggest problem is that the servicers have a conflict of interest -- with the government, the homeowners, and the investors. While a modification may be best for the borrower, and a continuing...

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