CoreLogic Estimates Shadow Inventory at 1.8 Million Homes

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Mar 31, 2011 3:00PM CoreLogic Estimates Shadow Inventory at 1.8 Million Homes For the second time in less than a week economists have attempted to quantify the amount of shadow inventory currently lurking in the background of the housing market. Shadow inventory is generally defined as the number of distressed homes either on the market or likely to come on the market through foreclosure divided by the rate at which distressed properties are currently selling. The two studies, one conducted by the National Association of Realtors® and the other released by CoreLogic ,... Mar 31, 2011 1:30PM Last Day to Lock Before Originator Comp Rule Change If you've seen a few reprice alerts, had your pricing suspended or just want to know what's going on because the line on the chart moved in the wrong direction really fast....we've just experienced some month-end/quarter-end/year-end (Japan) volatility. MG isolated a DJ report : IMF No Requests for Financial Assistance from Portugal as the only major news on the wires at the time of the MBS price dip. We don't think this was really the market's underlying motivation for the sudden change of direction... Mortgage Rates: High-Risk Event Ahead LPS Data Shows Long Delays in Foreclosure Process MBS RECAP: Reprices Both Ways L.O. Comp Restraining Order Denied; QRM's Impact on Jumbo Loan Market; HAMP Voted Out in House; Title Insurance Stats Skin in the Game: Risk Retention Proposal Published MBA Expresses "Profound Concern" Over Risk Retention Proposals View: Front Page | Headline Viewer Micro News 5:07 PM: The Day Ahead: Employment Situation Report 3:59 PM: House panel chief plans May vote on Fannie Freddie 2:20 PM: The Fate of America's Veterans Looking For Work 2:02 PM: Fed finds U.S. dealer financing terms easing 12:56 PM: Fed's Tarullo wants tough bank capital standards 11:10 AM: Delinquencies Down, But Housing Market Still Hurting 10:39 AM: IMF: Spain's Reform Measures Bearing Fruit 10:02 AM: DATA FLASH: Factory Orders Fall Short of Estimates »View All Micro News Around the Web Employment Situation Preview: More Jobs, but still Grim Fed Watchers Eye Dudley Speech Tomorrow Frank: New Mortgage-Securities Rules Should Apply to Fannie, Freddie Vacation, Investment Homes Keep Pace Weak housing market hampers some job seekers Ryan Named FHA's Acting Commissioner »View More Around the Web Video News Will Improving Jobs Help Housing? US Housing Market: Double-Dip Fears Overblown? Berman Says Housing Still Needs Limited Government Role »View More Video News Today's Comments "BESIDES THE CONSUMER-UNFRIENDLY CHANGE IN ORIGINATOR COMPENSATION GUIDELINES, here's what's on the calendar tomorrow: (Reuters) - The economy probably..." "I talk to a lot of my broker and correspondent buddies and they are not real happy about their new comp plans...they also think they are going to be able..." "Gentlemen, with all due respect I think we should listen to this complaint by a borrower who is obviously in pain and forget our own for the moment. Haedo..." »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 "BRIDGE LOAN PROGRAM NO UPFRONT FEE!!! This loan program is intended to provide a fast and efficient solution in the event you have one of the following..." "Does anyone have any information on their new/upcoming comp changes. Preferably information for LO's from the big banks. Educated guesses are welcome..." "Right now I am an LO at a broker shop. I haven't seen the final plan from my broker yet but with what I have been reading.... it seems like even with..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.89 0.03 15YR 4.17 0.02 FHA30YR 4.77 0.03 Jumbo30YR 5.63 0.03 5/1ARM 3.52 0.00 MBS Quotes FNMA 3.5 93-30 -0-09 FNMA 4.0 98-07 -0-07 FNMA 4.5 101-19 -0-07 FNMA 5.0 104-15 -0-07 Treasuries 2 YR 0.8330 0.0360 3 YR 1.3122 0.0512 5 YR 2.2716 0.0576 7 YR 2.9235 0.0735 10 YR 3.4684 0.0244 30 YR 4.5104 -0.0006 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% Housing Starts -5.11% 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

MBA Expresses "Profound Concern" Over Risk Retention Proposals

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Mar 30, 2011 11:22AM MBA Expresses "Profound Concern" Over Risk Retention Proposals The Mortgage Bankers Association (MBA) reacted quickly to the publication yesterday of proposed rules governing Qualified Residential Mortgages (QRMs), the mortgages which will be exempt from the risk retention requirement of the Dodd-Frank Act. In a statement released by MBA yesterday afternoon, President and CEO John A. Courson said that it would take time for the Association to fully evaluate the complexity of the hundreds of pages of regulations, but its first reaction was a "profound concern... Mar 30, 2011 10:05AM Republicans Dive Head First into GSE Reform with Eight New Bills The House Republicans who will ultimately have the most influence on the decision have come out with a plan for reforming the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Scott Garrett (R-NJ) Chairman of the House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises released what was actually a summary of eight bills , each covering a different aspect of reform and each introduced by a different member of the parent Financial Services... Skin in the Game: Risk Retention Proposal Published Pool of Eligible Refinance Candidates Dried Up at Current Rates Mortgage Rates: Losing Streak Barely Broken Leak Discovered Revealing MBS Trading Direction! Case-Shiller: Home Price Double-Dip Materializing NAR Estimates Shadow Inventory by State View: Front Page | Headline Viewer Micro News 5:23 PM: L.O. Compensation Restraining Order Denied 4:05 PM: Fannie Mae's Monthly Summary For February 2011. 1:43 PM: Hoenig urges Fed to shrink holdings, raise rates 1:05 PM: 7yr Treasury Note Auction Results 12:26 PM: How Will the U.S. Solve Its Homelessness Problem? 11:50 AM: TARP Watchdog's Parting Shot: 'Too Big to Fail' Remains 11:34 AM: Builders Urge Orderly GSE Reform Process 10:16 AM: House Votes to Kill HAMP. Obama Threatens Veto »View All Micro News Around the Web Real Estate News: Housing Market Shivers Divisions Emerge in Congress on Fannie, Freddie Overhaul Behind the Numbers: Reaction to Latest Case-Shiller How Low Will Home Prices Go? Twenty Percent Downpayment Rule Would Disrupt First-time Home Buyer Market Where Are Americans Most Miserable? »View More Around the Web Video News Miller Says U.S. Mortgage Environment Is `Dysfunctional' ADP March Payrolls Rise Housing: Sign of Improvement? »View More Video News Today's Comments "I think (at least in the eyes or larger banks) this will allow them (in a different market cycle) to offer products that the the little guys will not be..." "My non-conforming lenders already require a 20% down payment and a 36% back-end. And no lates in the past 24. So, really there is no change at all." "FHA, VA, USDA, FNMA, and FHLMC are all exempt... That covers 100% of what I closed last year and probably 2009 too, so I don't see any change. Only..." »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 "I'm looking for some feedback from real folks in the street that are either in a branch affiliate situation or considering one. I have 18+ years in..." "I am looking to become a broker with someone that do not require appraisals for VA IRRL Streamline loans." "Does anyone have any information on their new/upcoming comp changes. Preferably information for LO's from the big banks. Educated guesses are welcome..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.88 0.02 15YR 4.18 0.01 FHA30YR 4.77 0.02 Jumbo30YR 5.61 0.02 5/1ARM 3.53 0.02 MBS Quotes FNMA 3.5 94-07 0-16 FNMA 4.0 98-13 0-14 FNMA 4.5 101-26 0-11 FNMA 5.0 104-21 0-10 Treasuries 2 YR 0.7973 -0.0277 3 YR 1.2607 -0.0403 5 YR 2.2135 -0.0435 7 YR 2.8500 -0.0500 10 YR 3.4442 -0.0428 30 YR 4.5113 -0.0267 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% Housing Starts -5.11% 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

Skin in the Game: Risk Retention Proposal Published

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Mar 29, 2011 12:57PM Skin in the Game: Risk Retention Proposal Published The Office of the Comptroller of the Currency, Treasury, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation (FDIC), U.S.Securities and Exchange Commission; Federal Housing Finance Agency (FHFA) and Department of Housing and Urban Development (HUD) have released a proposal to define Qualified Residential Mortgages (QRM). QRMs are home loans that will be exempt from the requirement that mortgage lenders retain a 5 percent share of each loan they originate that is... Mar 29, 2011 3:30PM Case-Shiller: Home Price Double-Dip Materializing The January S&P/Case Shiller Home Price Indices , released by Standard & Poor's this morning, show further deceleration in the growth rates of home prices in most of the cities in the survey. The indices, which are billed by S&P as the leading measure of U.S. home prices, are constructed to track the price path of typical single-family homes in a number of metropolitan statistical areas (MSAs). The study uses matched price pairs of individual houses to construct a 20-City Composite Index... Mortgage Rates: Seven Day Skid NAR Estimates Shadow Inventory by State Housing Advocates Remind Policymakers of Reform Principles Pending Home Sales Up 2.1 Percent in February MBS RECAP: Lows of the Day Fed's Informal Interpretation of Originator Compensation Regs; Where America is Moving; Free HUD Training; View: Front Page | Headline Viewer Micro News 4:40 PM: Republicans Target GSEs in New House Bills 3:35 PM: HUD Comments on Risk Retention Proposal 3:13 PM: Numerous Reprices for Worse, but Bonds Stabilizing 1:02 PM: 5yr Treasury Auction Results 10:01 AM: DATA FLASH: Consumer Confidence 63.4 vs 72.0 in February 9:49 AM: S&P Downgrades Portugal's and Greece's Sovereign Debt Rating 9:03 AM: Regulators to Set Rules on Mortgage Securities 9:02 AM: DATA FLASH: Case Shiller Home Prices Fall For 7th Month in a Row »View All Micro News Around the Web Real House Prices and Price-to-Rent Unemployment's Rising Toll on Families Fannie, Freddie Loans Deemed 'Safe' Under Mortgage Rules Eliminate distressed sales as comps? Four states say, "Yes We Can!" Realtors Consider Dues Increase to Support Political Spending Mortgage Reform Storm Is Brewing »View More Around the Web Video News FDIC's Bair Says Risk-Retention Rule Is `Good, Balanced' Double-Dip Dilemma Uncle Sam Looking for a Ref! »View More Video News Today's Comments "HUD Secretary Shaun Donovan issued the following statement upon release of the proposed risk retention rules: "The goal of the proposed rule released today..." "By the way Frank...excellent points. I routinely (like every day) discuss with clients that it is not important what I can approve them for only that we..." "Don, I appreciate the explanations above, but it appears to me that you are suggesting there really is no proactive action we can take as an industry,..." »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 "Does anyone have any information on their new/upcoming comp changes. Preferably information for LO's from the big banks. Educated guesses are welcome..." "Loan Scenario View All Post A Scenario Loan State: Texas Loan County: Harris Loan Type: Purchase Loan Amount: 204672,300,000 Property Value: 204672,300,000 LTV..." "Loan Scenario View All Post A Scenario Loan State: Texas Loan County: --- Loan Type: Purchase Loan Amount: $250,000 Property Value: $400,000 LTV: 63% FICO..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.88 0.02 15YR 4.18 0.01 FHA30YR 4.77 0.02 Jumbo30YR 5.61 0.02 5/1ARM 3.53 0.02 MBS Quotes FNMA 3.5 93-23 -0-16 FNMA 4.0 97-31 -0-14 FNMA 4.5 101-16 -0-09 FNMA 5.0 104-12 -0-07 Treasuries 2 YR 0.8210 0.0390 3 YR 1.3012 0.0402 5 YR 2.2294 0.0504 7 YR 2.9054 0.0594 10 YR 3.4947 0.0557 30 YR 4.5459 0.0479 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% Housing Starts -5.11% 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