Mortgage Rates: As Good As It Gets?

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Apr 29, 2011 3:35PM Mortgage Rates: As Good As It Gets? Home loan borrowing costs ended the week near their most aggressive levels of the year. The chart below illustrates how borrowing costs have behaved with respect to various mortgage note rates. If the line is moving up, the closing costs associated with that note rate are rising, if the line is moving down, the closing costs associated with that note rate are falling. Notice the line has been moving lower since early April. Right now borrowing costs are about as aggressive as they've been in 2011... Apr 29, 2011 1:22PM GSEs Align Servicing Regs to Streamline Delinquency Resolution The Federal Housing Finance Agency (FHFA) has directed Freddie Mac and Fannie Mae to establish consistent mortgage loan servicing and delinquency management requirements for the companies servicing the two government sponsored enterprises' (GSEs) delinquent mortgages. The updated framework will establish uniform servicing requirements across the GSEs for servicing companies with which they contract and will establish "monetary incentives for servicers that perform well and penalties for those that... Homeownership Out of Favor. Rentals in Demand Neighborhood Stabilization: Tailored Tactics Needed Economic Slowdown: Transitory Effects vs. False Starts Home Prices Down Seven Months in a Row: Case-Shiller Financial Literacy: Is Homeownership Counseling Helpful? Rate Techs: MBS Find Firm Resistance View: Front Page | Headline Viewer Micro News 4:01 PM: Next Week: Less Data Overall, NFP on Friday 3:15 PM: ML 11-18: Elimination of Origination Fee Cap on 203(k) Program 1:45 PM: Stocks Soar. MBS Stay Strong 1:40 PM: Failed-Trade Charge for Mortgage Bonds Proposed 12:49 PM: Bernanke: Economy Needs More Time to Heal 11:46 AM: Reprice Outlook: For Better or Worse 11:23 AM: Domestic Banks Prefer MBS Over TSYs 9:57 AM: ECON: Consumer Sentiment Near Expectations »View All Micro News Around the Web Home Builders Hedge Their Bets on Housing Recovery Should renters be restricted from voting? D.C. landlords shun housing vouchers Buy vs Rent Fannie Mae and Freddie Mac Delinquency Rates decline D.R. Horton profit rises on tax benefit »View More Around the Web Video News Weak Dollar Good for Stocks? Financial Impact of Tornadoes Bernanke Offers Reasons for Slow Recovery From Crises: Video »View More Video News Today's Comments "If you haven't noticed yet, which I find hard to believe, Main Street is getting its margins squeezed as more expensive food and energy prices are..." "Picture a 1860 Wells Fargo coach with only 1 wheel left and it is galloping towards a cliff...that is the economy..the driver is Bernanke!" "Don--after all the ad hominem attacks you have made on Jason I can't believe you are somehow the thin skinned victim now? You are simply a very well..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Are there any laws that prohibit this?" "Loan Scenario View All Post A Scenario Loan State: Missouri Loan County: --- Loan Type: Refinance (Rate and Term) Loan Amount: 206291,600,000 Property Value..." "Anyone know of a lender that can do vacant land loan in WI?" »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.76 -0.03 15YR 4.09 0.00 FHA30YR 4.58 -0.01 Jumbo30YR 5.33 -0.02 5/1ARM 3.43 -0.01 MBS Quotes FNMA 3.5 95-13 0-04 FNMA 4.0 99-18 0-05 FNMA 4.5 102-29 0-04 FNMA 5.0 105-18 0-04 Treasuries 2 YR 0.6092 -0.0158 3 YR 0.9997 -0.0193 5 YR 1.9703 -0.0297 7 YR 2.6693 -0.0017 10 YR 3.2881 -0.0239 30 YR 4.3959 -0.0171 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% 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

Neighborhood Stabilization: Tailored Tactics Needed

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Apr 28, 2011 11:16AM Neighborhood Stabilization: Tailored Tactics Needed Federal Reserve Governor Elizabeth A Duke told a Community Affairs Research Conference on Thursday that, while every community across the country has been affected by the financial crisis, the results look different in each. The impact of foreclosed, vacant and abandoned properties that threaten neighborhoods nationwide and the efforts needed to stabilize those neighborhoods are shaped by the circumstances that prevailed in those neighborhoods before the crisis hit. "Neighborhood stabilization efforts... Apr 28, 2011 5:24PM Mortgage Rates: Best-Execution Budges Home loan borrowing costs improved enough today to say Best-Execution mortgage rates could be considered "in the process of" a shift lower. This doesn't mean all lenders are willing to quote lower Best Execution mortgage rates, but a few are offering "below current market" deals right now because the primary mortgage market is highly-competitive. This would be the first phase of a broader-based shift lower in Best Execution rates. Encouraging yes. Comforting No. CURRENT MARKET : The "Best Execution... Homeless Assistance Programs Get $216 Million in HUD Funding Continuing Education: Pipeline Hedging Costs; Freddie Mac Delinquencies Decline; Job Openings, Investor Updates Homeownership Out of Favor. Rentals in Demand Rate Techs: MBS Find Firm Resistance FOMC: Inflation Still Transitory. QEII to End as Planned Home Sales Seen Rising into Summer Months: NAR View: Front Page | Headline Viewer Micro News 4:56 PM: Busy Week to End With More Econ... More Bernanke 4:15 PM: Geithner-Hasty Spending Cuts Can Hurt Recovery - RTRS 2:31 PM: GSE's Come Together on Delinquency Servicing Guidelines 1:03 PM: DATA FLASH: 7 YR TSY Auction Results 12:45 PM: Rate Sheet Gains Match MBS Price Appreciations 10:58 AM: MBS Education: Pipeline Hedging Costs 10:01 AM: DATA FLASH: Pending Home Sales Rise 5.1 pct 8:47 AM: Fannie Mae Releases Monthly Summary »View All Micro News Around the Web Behind the Numbers: Pending Sales Index Up Zillow: Housing Affordability Rises, But Mortgage Access Falls The Overlooked Housing Indicator: Remodeling FHA Waives Audit Requirement for Small Lenders Jumbo mortgage squeeze: how it will affect home prices One Million Exhausted Jobless Benefits in Past Year »View More Around the Web Video News Brazil's Construction boom Building Better, Cheaper and Faster Jobless Claims & Q1 GDP »View More Video News Today's Comments "Let the duration grab begin? Come on down in coupon....." "Don, While you anonymously state the obvious, there are a growing number of people within various facets of the housing industry who are engaging in fixing..." "That sounds about right. I hear a lot of people saying that they want to continue renting in case they lose their job and have to relocate. Normally, the..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Loan Scenario View All Post A Scenario Loan State: Missouri Loan County: --- Loan Type: Refinance (Rate and Term) Loan Amount: 206291,600,000 Property Value..." "Anyone know of a lender that can do vacant land loan in WI?" ""I started with TXHUD.com in March of this year. The only territory close to me and available was Fort Bend County in Texas. Over the first two to..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.79 -0.04 15YR 4.09 -0.05 FHA30YR 4.59 -0.06 Jumbo30YR 5.35 -0.07 5/1ARM 3.44 -0.04 MBS Quotes FNMA 3.5 95-09 0-17 FNMA 4.0 99-13 0-12 FNMA 4.5 102-25 0-11 FNMA 5.0 105-14 0-08 Treasuries 2 YR 0.6250 -0.0240 3 YR 1.0191 -0.0569 5 YR 2.0000 -0.0190 7 YR 2.6708 -0.0482 10 YR 3.3124 -0.0466 30 YR 4.4132 -0.0438 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% 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

Homeownership Out of Favor. Rentals in Demand

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Apr 27, 2011 3:34PM Homeownership Out of Favor. Rentals in Demand The U.S Census Bureau has released Residential Vacancies and Homeownership data for the first quarter of 2011. The data is derived from the Housing Vacancy Survey, which is a supplement to the Current Population Survey. The homeowner vacancy rate is the proportion of the homeowner inventory which is vacant and for sale. The rental vacancy rate is the proportion of the rental inventory which is vacant and for rent. A housing unit is vacant if no one is living in it at the time of the interview, unless... Apr 27, 2011 1:51PM FOMC: Inflation Still Transitory. QEII to End as Planned Plain and Simple: The Fed acknowledged that inflation has picked up recently but is still expected to be "transitory". Thus rates will be kept low for an "extended period". With a tiny text change from "intends" to "will", the Statement essentially confirmed that QE2 will finish by the end of June . No indication was given that the Fed would discontinue the reinvestment of MBS portfolio prepays though, which maintains the size of their balance sheet ( = dovish). There were no dissenters. That was... Purchase Applications Deflate After FHA Fee Hike Mortgage Rates: Stuck in Familiar Territory Housing Finance Reform: Bad Time for GSEs to Go Away; Banker MLO Licensing Deadline; Foreclosure Fines in California; MBS RECAP: Press Conference Comments Home Prices Down Seven Months in a Row: Case-Shiller Financial Literacy: Is Homeownership Counseling Helpful? View: Front Page | Headline Viewer Micro News 4:52 PM: Quick Recap: Bernanke Press Conference Comments 4:51 PM: U.S. Senate to vote on House Republican budget-Reid - RTRS 3:55 PM: Last Two Days This Week Have Market Moving Potential 3:10 PM: RE: Dual Mandate: Labor Market Trumps Inflation 1:51 PM: MBS Making up for Yesterday's Underpeformance vs TSYs 12:48 PM: FOMC ANNOUNCEMENT RELEASED: NO SURPRISES 11:33 AM: 5yr Treasury Auction Results 10:04 AM: Homeownership Rate Falls in 1st Quarter 2011 »View All Micro News Around the Web The Benefits of a Special Servicer Bills to Prohibit Distressed Sales as Comparables Die in 4 States Halfway Point Reached in Enactment of State AMC Laws You may get a second shot at a loan mod Affordable rental homes hard to find Mapping the US Credit/Housing Bubble »View More Around the Web Video News Bernanke Says FOMC Sees `Uncertainty' in the World Roubini Says U.S. Economic Recovery May Remain `Subpar' President Obama Addresses Birth Certificate »View More Video News Today's Comments "Eventually this industry will emerge from its reactionary stage. Wall street is no longer representing B/C loan originations as AAA paper. That in itself..." "The FOMC press conference was really no different than the grilling Ben gets when visiting Capitol Hill. Besides a GDP downgrade and inflation upgrade..." "Don, First great comments, keep in mind Schiff spoke to our industry peers 2 times in 2005 and 2006, no one listened. I think you are pounding sound. Adam..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Loan Scenario View All Post A Scenario Loan State: Missouri Loan County: --- Loan Type: Refinance (Rate and Term) Loan Amount: 206291,600,000 Property Value..." "Anyone know of a lender that can do vacant land loan in WI?" ""I started with TXHUD.com in March of this year. The only territory close to me and available was Fort Bend County in Texas. Over the first two to..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.83 0.01 15YR 4.14 0.02 FHA30YR 4.65 0.01 Jumbo30YR 5.42 0.00 5/1ARM 3.48 0.00 MBS Quotes FNMA 3.5 94-24 -0-06 FNMA 4.0 99-01 -0-04 FNMA 4.5 102-15 -0-02 FNMA 5.0 105-07 -0-02 Treasuries 2 YR 0.6487 0.0417 3 YR 1.0755 0.0075 5 YR 2.0187 0.0067 7 YR 2.7191 0.0281 10 YR 3.3589 0.0499 30 YR 4.4572 0.0652 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% 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