Daily Newsletter: Mortgage Profits Rise Over $300 Per Loan; Mozilo Defends Countrywide

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30 Year Fixed 3.41%   +0.02 15 Year Fixed 2.76%   +0.01 10YR Treasury 1.73%   +0.0242 FNMA 30YR 3.5 106.42   -0.11 FNMA 15YR 2.5 105.41   0.00 View Today's Rates

Thursday December 13, 2012 MND NewsWire - 2:08PM Mortgage Bank Profits Rise Over $300 Per Loan Profits of independent mortgage banks and mortgage subsidiaries of chartered banks rose by more than $300 per loan in the third quarter of 2012 the Mortgage Bankers Association ( MBA ... MND NewsWire - 10:41AM Mozilo Speaks up for Countrywide in MBIA Lawsuit: "We were a world-class company..." Even after paying a $67 million settlement to the SEC and being banned from the mortgage industry Angelo Mozilo , founder and former president of Countrywide Financial Corp still says ... MND NewsWire - 10:31AM Servicers Step up Foreclosure Activity in Judicial States Foreclosure filings in November were 19 percent below filings in November 2011, the 26 th consecutive month that the year-over-year filings decreased. Filings during the month including ... Mortgage Rate Watch - 4:01PM Mortgage Rates Edge Up To Highest Levels In December Mortgage rates continued higher on Thursday following stronger-than-expected economic data and continuing the losses after yesterday's FOMC announcement. There continues to be more ... What Would Happen if the Fed Stopped Buying MBS?; Is Triad History?; Wells Snags a New SVP MBS MID-DAY: Bond Markets Bouncing Between Technical Levels FHFA's Cross Announces Retirement CFPB, California Courts Shut Down Two Foreclosure Scams Mortgage Applications Increase in Wake of Record Low Rates IndyMac Back in the News; First Time Homebuyer Comments; Ocwen's Servicing Audit Not Stellar Latest Video Housing Reaction to Fed Moves Santelli's Midday Bond Report Gross: Fed Policy Has Been to Write Checks More News from 'Around the Web' www.freddiemac.com - 1:56PM GSEs Publish Phase II ULDD Specification content.govdelivery.com - 1:56PM FDIC Releases Survey on How Banks are Working to Meet the Needs of the Unbanked and Underbanked Google News - 11:08AM The Mortgage Challenge: Fannie and Freddie's Fate SIFMA - 11:08AM SIFMA President and CEO Tim Ryan on the State of the Industry CNBC - 1:57PM US Housing's Repo Man Is Back DataQuick - 2:08PM DataQuick: November Bay Area Home Sales Report Bloomberg - 11:03AM Pimco's Gross Says Fed Policy Means 'Free' Debt for Treasury CNBC - 10:14AM When Will the Bond Bubble Burst? Bloomberg - 10:14AM Hovnanian Reports Narrower Loss as Housing Sales Increase Freddie Mac - 10:03AM Freddie Mac: Mortgage Rates Ease Slightly, Remain Near Record Lows CNBC - 9:40AM Pimco's Kashkari: Fed Is Buying Washington Time www.spiegel.de - 9:32AM Deutsche Bank CEO Under Investigation - Head Office Raided in Tax Probe CNBC - 8:19AM Mortgage Break no Longer Sacred as US Tightens Tax Belt Market Watch - 8:17AM Barclays plans to cut up to 2,000 jobs: WSJ Bloomberg - 12:37AM Ex-Dallas Cowboy Lockhart Sentenced for Role in Mortgage Scam Today's Comments MBS Live Chat - 11:32AM "haven't we seen this sort of thing before? Politicians put on a front and then at the last minute the put together "a package that will help the American people that has broad bi-partisan support" which really means we just ripped you tax payers off again because we had to put this junky legislation..." MBS Live Chat - 11:33AM "I am trying to figure if that is close to what they shoot for as a target margin?..." MBS Live Chat - 11:34AM "sit down with some hot cocoa by the fire tonight and have a read Tom: http://www.newyorkfed.org/research/conference/2012/mortgage/primsecsprd_frbny.pdf..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.41% +0.02 15 Yr FRM 2.76% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.62% +0.03 5/1 Yr ARM 2.98% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.91% 0.89 -0.12 30 Yr. Fixed 3.62% 1.22 -0.14 MBA ** 30 Yr. Fixed 3.47% 0.36 -0.05 15 Yr. Fixed 2.85% 0.26 -0.01 30 Yr. Jumbo 3.77% 0.35 -0.02 30 Yr. FHA 3.32% 0.51 -0.02 5/1 ARM 2.63% 0.34 +0.01 Freddie Mac ** 30 Yr. Fixed 3.32% 0.70 -0.02 15 Yr. Fixed 2.66% 0.60 -0.01 1 Yr. ARM 2.53% 0.50 -0.02 5/1 Yr. ARM 2.70% 0.60 +0.01 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 104.61 -0.13 30YR FNMA 3.5 106.42 -0.11 30YR GNMA 3.0 106.08 -0.11 30YR GNMA 3.5 108.42 -0.09 15YR FNMA 3.0 105.41 0.00 15YR FNMA 2.5 104.36 -0.02 Treasuries Yield Change 2 YR 0.2500% +0.0040 5 YR 0.6924% +0.0386 10 YR 1.7282% +0.0242 30 YR 2.9014% +0.0032 Prices as of: 12/13/2012 4:31PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

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This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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