Daily Newsletter: Mortgage Industry Future Decided in Next 6 Months; 70% Purchase Volume in 2013?

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30 Year Fixed 3.43%   +0.01 15 Year Fixed 2.78%   +0.01 10YR Treasury 1.82%   -0.0175 FNMA 30YR 3.5 106.22   +0.03 FNMA 15YR 2.5 105.36   0.00 View Today's Rates

Wednesday January 16, 2013 MND NewsWire - 5:05PM Future of the Mortgage Industry to be Decided in Tidal Wave of Regulations (in Next 6 Months) David H. Stevens , President and CEO of the Mortgage Bankers Association (MBA) , told member of the Exchequer Club on Wednesday that in the 12 months since he last addressed them there ... Pipeline Press - 10:51AM Reaching 70% Purchase Volume in 2013 - A Lofty Goal?; Investor and M&A Updates; Mortgage Jobs " Total debt service payments as percentage of disposable income have fallen from a peak of 14.1% in 7/07 to just 10.6% today, a level last seen in 10/93; a decline of 25%. This is ... MND NewsWire - 11:07AM Builder Confidence Index Stalls after Eight Months of Improvement Following eight consecutive months of increases the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) held steady in January. The current level of ... MND NewsWire - 9:22AM Mortgage Applications Recover from Holiday Doldrums Applications for mortgages increased substantially during the week ended January 11 as purchase applications soared to their highest levels in nearly two years. The Mortgage Bankers ... MBS RECAP: Similar Trading Day, More Resilient Afternoon Mortgage Rates Modestly Higher, Some Lenders More Than Others Despite Economic Uncertainties, "Housing Market is Healing" To Be Frank: The Mortgage Industry, Mission or Maintenance? Read Carefully Before Signing Attestation Form; Interesting Buyback Ruling Information Annual Home Price Increase is Largest Since 2006 Latest Video US Bancorp CEO Talks Earnings Home Builder Confidence Unchanged Housing: Heyday or Mayday? More News from 'Around the Web' Business Week - 2:10PM M&T Bank 4th-quarter net income more than doubles Mortgage Crisis Watch - 2:23PM Important Buyback Victory Bloomberg - 4:53PM Genworth CFO Says Mortgage Unit to Recover With Housing Market Watch - 12:15PM Strong Mortgage Banking Drives U.S. Bancorp's Results Bloomberg - 11:58AM FHA Woes May Spark D.C. Talks on Housing Finance Overhaul Business Week - 11:44AM ResCap Wins Approval to Try to Sell Defaulted Loans freddiemac.mwnewsroom.com - 11:43AM Freddie Mac: Record Low Initial Interest Rates in 29th Annual ARM Survey Federal Reserve - 10:19AM Fed Reaches Agreements Goldman Sachs and Morgan Stanley to Provide $557M in Mortgage Assistance to Borrowers Market Watch - 10:20AM Foreign buying of Treasurys strong in November Bloomberg - 10:19AM Kocherlakota Says Fed Should Ease Policy Further to Spur Hiring Business Week - 7:56AM Bargain Homes Lure Buyers Worldwide to Detroit Bloomberg - 7:56AM 'Odd Couple' in U.S. House to Tackle Mortgage Finance Today's Comments MBS Live Chat - 2:01PM "Beige Book : RTRS - FED SAYS RETAILERS ACROSS COUNTRY REPORTED SOME CONSUMER CAUTION DUE TO UNCERTAINTY OVER FISCAL POLICY..." MBS Live Chat - 2:10PM "REPRICE : 2:10 PM - Sun West Mortgage Worse..." MBS Live Chat - 2:21PM "REPRICE : 2:21 PM - Sierra Pacific Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.43% +0.01 15 Yr FRM 2.78% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.63% +0.01 5/1 Yr ARM 2.99% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.81% 1.00 -0.10 30 Yr. Fixed 3.54% 1.24 -0.08 MBA ** 30 Yr. Fixed 3.61% 0.41 +0.09 15 Yr. Fixed 2.88% 0.39 +0.02 30 Yr. Jumbo 3.78% 0.38 +0.03 30 Yr. FHA 3.35% 0.69 +0.01 5/1 ARM 2.64% 0.37 -0.01 Freddie Mac ** 30 Yr. Fixed 3.40% 0.70 +0.06 15 Yr. Fixed 2.66% 0.70 +0.02 1 Yr. ARM 2.60% 0.50 +0.03 5/1 Yr. ARM 2.67% 0.60 -0.04 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 3.0 104.41 +0.06 30YR FNMA 3.5 106.22 +0.03 30YR GNMA 3.0 105.47 -0.02 30YR GNMA 3.5 108.25 +0.02 15YR FNMA 3.0 105.36 0.00 15YR FNMA 2.5 104.20 -0.02 Treasuries Yield Change 2 YR 0.2494% +0.0002 5 YR 0.7371% -0.0129 10 YR 1.8185% -0.0175 30 YR 3.0107% -0.0148 Prices as of: 1/16/2013 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

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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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