Housing Finance Reform: Reduced Loan Limits, Larger Down Payments, Higher FHA MIP Fees

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings: Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Feb 11, 2011 8:42AM Housing Finance Reform: Reduced Loan Limits, Larger Down Payments, Higher FHA MIP Fees The long-awaited report on the future of housing finance has been released by the Obama Administration. Below is the presser.... I highlighted some talking points. The first thing to take away from this paper is the Administration's intention to wind down Fannie and Freddie on a responsible timeline. That tells you this reform/winding down process will take many years and much debate. 5 to 7 years according to Treasury Secretary Tim Geithner. There's nothing wrong with that though. Slow and steady... Feb 11, 2011 12:38PM Risk Retention Reform is Top Priority. White Paper Winners and Losers If you've been keeping up with housing headlines over the past month you've probably felt a bit overwhelmed by all the different perspectives and opinions that have been offered on the future of the housing finance system. Just about every economist and bond market analyst has shared their view on the topic, including us. Although no direct plan has been provided by the Administration, a general outline was released today. HERE IS THE RECAP... HOUSING FINANCE REFORM: Reduced Loan Limits, Larger Down... Mortgage Rates: Say No to Snowballing! Good Riddance 30-Year Fixed Mortgage? Not So Fast... Higher Loan Funding Costs Loom; Hardest Hit Housing Funds at Work; Originator Compensation a Work in Progress; Production MBS End Week on Good Note Bernanke Handles Congressional Questioning. Offers Clear Explanations Refinance Demand Dips as Mortgage Rates Reach 10-Month High View: Front Page | Headline Viewer Micro News 4:37 PM: Exciting and Action-Packed Week Ahead For MBS 4:14 PM: DataQuick: California 198727M + Homes See First Gain Since '05 3:35 PM: Bonds Maintaining Consolidative Range, Stable and Near Highs 11:57 AM: Housing Secretary to Unveil HUD 2012 Budget 11:27 AM: Bachus: GSE Proposal "Isn't a Plan to Move Us Forward" 10:30 AM: FHFA Ready to Work with Congress on GSE Reform 10:08 AM: NAR: Lawrence Yun Podcast on Housing Market 2011 10:04 AM: DATA: Consumer Sentiment Higher, But Internals May Help Bonds »View All Micro News Around the Web U.S. Trade Deficit Widens, Though Exports Grew Dimon: Fannie, Freddie 'Biggest Disasters' MGIC Leads Mortgage Insurer Rally as Geithner Aims to Curb FHA Obama's Fannie, Freddie plan may boost mortgage rates Lehman's indefensible mortgage modifications Foreclosure Exposure Splits the Nation »View More Around the Web Video News Geithner on GSE Reform Gearing Up a Plan for GSEs Future of Mortgage Finance »View More Video News Today's Comments "Anthony....please take some personal responsibility. You say that you have two years of mortgage payments unaccounted for? Do you open your checking and..." "WOW! What is so clear to me...SO much anger, bitterness and complete contempt and lack of trust...from the above comments...People have been burned. Look..." "We don't need to re-create the wheel nor throw the baby out with the bathwater, we just need to fix the business model. It's like we spent 25 years..." »View More Comments Today's Q&A "How do i send extra payment to morgage towards principle only..." "If my agent is selling my home and showing me my new home how..." "What is the quickest and easiest way to transfer complete ownership..." »View More Q&A Today's Forum Discussions "My father would like me (his son) to take over the house he has but he still has about 10-15 years left to pay on it. what are the ways i can solely take..." "if i am unhappy with my servicer due to mismanagement what are my oppositions. and what happens to my home if my servicer goes bankrupt" "My mother passed away and her home is in her name. There are three children and I am one. I would like to transfer my ownership to one of my two sisters..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 5.13 0.02 15YR 4.32 0.02 FHA30YR 4.98 0.02 Jumbo30YR 5.85 0.03 5/1ARM 3.74 0.04 MBS Quotes FNMA 3.5 92-30 0-18 FNMA 4.0 97-00 0-17 FNMA 4.5 100-18 0-17 FNMA 5.0 103-18 0-14 Treasuries 2 YR 0.8383 0.0013 3 YR 1.4075 -0.0025 5 YR 2.3590 -0.0350 7 YR 3.0386 -0.0554 10 YR 3.6381 -0.0639 30 YR 4.6944 -0.0646 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Prices 8.04% NAHB Builder 0.00% Housing Starts -4.34% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031