Tuesday, July 27, 2010

Housing Finance Reform Now in Focus for Obama Administration

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Housing's image certainly is as battered as it's ever been. Responsibility for this last recession is rightfully borne by a mortgage market on steroids... - MND NewsWire
FHA has published the names of over 1,000 lenders who have been sanctioned over the past months. Penalties include temporary or permanent suspension from... - MND NewsWire
Stocks rallied after S&P/Case-Shiller data, but sold off after Consumer Confidence flashed. This created a bit more volatility in the bond market.... - Mortgage Rate Watch
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MBS Quotes
FNMA 4.0 101-25 -0-03
FNMA 4.5 104-00 -0-01
FNMA 5.0 106-11 0-03
FNMA 5.5 107-27 0-01
FNMA 6.0 109-00 0-03
Updated: 7/27/10 4:32 PM
Treasuries
3 MO 0.1500 -0.0021
2 YR 0.6500 0.0659
5 YR 1.8200 0.0946
10 YR 3.0800 0.0876
30 YR 4.0800 0.0615
Updated: 7/27/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.65 -0.01
15 Yr FRM 4.06 0.00
FHA 30 Year 4.67 -0.02
Jumbo 30 Year 6.08 -0.01
5/1 Yr ARM 3.68 -0.02
Updated: 7/27/10 5:15 PM
Latest Video      
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Apartment Rentals Surge in U.S. on Foreclosures, Jobs: Video
7/27/2010
July 27 (Bloomberg) -- U.S. apartment landlords are seeing a surge in rentals as mounting foreclosures reduce homeownership and an improving job market...
Inside Case-Shiller
7/27/2010
Avg. home prices are back to levels where they were in Fall of '03, with Alexander Goldfarb, Sandler O'Neill & Partners and Pat Lashinsky,...
Case Says U.S. Housing Market `Dead in the Water': Video
7/27/2010
July 27 (Bloomberg) -- Karl Case, an economics professor at Wellesley College and co-creator of the S&P/Case-Shiller home-price index, discusses the...

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Recent Comments
Adam Quinones
on 7/27/2010 - read this comment
no Frank I do not think the larger LLPA/tighter guidelines story is "a little thin". It represents a targeted approach taken by the FHFA on new loan production. Barclays writes, "A national...
S Ash
on 7/26/2010 - read this comment
I am breaking ground on the construction my new home at the end of this week. I have been told that the earliest I could lock my rate would be 60-45 days out of closing..........that still looks like it...
Samuel Angueira
on 7/26/2010 - read this comment
Frank Ceizyk, you have pretty much said it all. Just add one more variable, which I call the "great buyback push". Considering that the traditional mortgage banker is becoming extinct, this GSE's...
Frank Ceizyk
on 7/23/2010 - read this comment
The disconnect between WHO QUALIFIES and WHO DOESN'T QUALIFY is just another example of the broken link in the distribution of wealth. Seriously Adam--this "distribution of wealth'' argument...

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