Thursday, April 12, 2012

MBA's Secondary Marketing Committee; Mortgage Rates Hold Ground

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Apr 12, 2012 9:41AM

MBA's Secondary Marketing Committee; Primer on Inverse Floaters; Lender Updates

I have heard that there are some places on the outskirts of Detroit that are becoming farms. That is pretty weird. But even weirder are some of these places around the world. (The photos are pretty haunting, even of Centralia, Pennsylvania.) Remember that ordinance, in place in Chicago since mid-November and then Las Vegas, that requires mortgage holders to pay a one-time fee of $500 to register a vacant building with the city's building department 30 days after it becomes vacant or 60 days after...

Apr 12, 2012 4:46PM

Mortgage Rates Hold Ground Despite Market Weakness

Mortgages Rates held their ground today and in many cases, carved out small improvements over yesterday's offerings. This keeps us in some of the best territory in recent months in terms of Best-Execution rates. However, t here continues to be a greater-than-normal variability between lender offerings. Some lenders are responding to market movements with bigger changes than others, and the outright levels can be quite different from one lender to the next. Despite that variability, rate sheets between...


Micro News

2:33 PM:

Reprice Risk Increasing But Not To Panic-Inducing Levels

1:19 PM:

Losses Moderate After Week's Last Auction. Reprice Risk Ebbs

12:33 PM:

Back to "Risk On" Following Bomb Scare. Reprice Risk Rises

11:15 AM:

More Pronounced Weakness Following Fed Buying; Stock Rally

10:16 AM:

Freddie Mac: 15YR Fixed-Rate Mortgage Hits Record Low

10:07 AM:

Bond Markets Under Pressure From Stock Lever.

9:21 AM:

Bond Markets Improve After Morning Data, But Meet Resistance

8:49 AM:

ECON: Trade Deficit Lower Than Expected, Oil Lowest Since 1997

Around the Web

Video News

Home Depot CEO on Housing

Santelli's Midday Bond Report

The Fed, Economy & Jobs


Today's Comments

Donald Scott

"Great article... but the million dollar question is "Is Wells actually exiting from Correspondent Lending"..? There has been a lot of speculation..."

Frank Ceizyk

"Really?: "The premise behind a modification was that if we lowered the payment they would continue to pay. The result of that exercise hasn't..."

Mike Lesmeister

"These results are not surprising. With so many loans that fall out, agents want to partner with lenders that they have a high level of confidence can get..."

Today's Q&A

"What is the USA residential Mortgage size today?"

"Why would best execution rates for ideal scenarios vary locally from what we see on the MND blog? "

"Looking for a True No-Cost/No Fee Refi"