Daily Newsletter: Freddie Mac, FHFA Servicer Complaints; Gloom to Boom; Feast or Famine for Home Builders

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30 Year Fixed 3.64%   +0.01 15 Year Fixed 2.94%   +0.01 10YR Treasury 1.92%   -0.0365 FNMA 30YR 3.5 105.33   +0.05 FNMA 15YR 2.5 105.09   -0.03 View Today's Rates

Thursday March 21, 2013 MND NewsWire - 9:36AM Report Finds Fault with Freddie Mac, FHFA Handling of Servicer Complaint Process Freddie Mac owned or guaranteed 10.6 million mortgages that were being serviced by third parties at the end of 2012. Servicer responsibilities include handing of consumer complaints ... MND NewsWire - 9:48AM Freddie Mac: Economic Outlook going from Gloom to Bloom Freddie Macs senior economists Frank E. Nothaft and Leonard Kiefer said in the company's March Outlook that "the continued strengthening of the economy has brought good news for housing ... MND NewsWire - 12:00PM February Existing Home Sales Continue To Rise, Buoyed By Investors Sales of existing homes and their prices continued to rise in February affirming, according to the National Association of Realtors® (NAR) which released the data, a healthy recovery ... MND NewsWire - 12:10PM For Second Month, Every State Has At Least One Improving Market Seventy-five percent of the metropolitan areas tracked by the National Association of Home Builders (NAHB) for the NAHB/First American Improving Markets Index (IMI) are now listed as ... MND NewsWire - 3:57PM Feast or Famine; Home Builders now Face Labor Shortages Residential home builders are reporting that a lack of available labor is hampering new home construction the National Association of Home Builders (NAHB) said today. The worker shortage ... Who Needs HARP 3 with Rampant Loan Mods? Fannie, Freddie Stocks Rally - Much Ado About Nothing? Mortgage Rates Slightly Higher Despite Market Stability Home Size Preference Varies with Age, Ethnicity NAHB Finds OIG's Servicer Report Provokes Call for Congressional Hearing Legislation would Remove Lending Barriers for Home Builders New Dividend Structure May Speed GSEs' Treasury Debt Payoff LO Compensation Based on Product Type? Warehouse Banks to Approve Comp Plans? More Views on Gfee Changes Differences Between Current And Previous FOMC Statements Ellie Mae Notes Looser Underwriting, Quicker Closes Freddie Mac Sues 15 Banks over LIBOR Scheme Latest Video Cracks in Housing Recovery? Housing Market in Dallas, TX Existing Home Sales Up 0.8% in February More News from 'Around the Web' Business Week - 4:08PM Ally to Sell Remaining Mortgage Servicing Rights to Quicken Bloomberg - 4:08PM Don't Make DeMarco a Scapegoat for the Housing Mess CNBC - 4:07PM Scenes From the Cyprus Crisis CNBC - 4:06PM A Bearish Sign in Housing Recovery: Economist FHFA - 4:05PM FHFA Statement on Freddie Mac Loan-Level Data Release freddiemac.mwnewsroom.com - 4:05PM Freddie Mac Makes Single-Family Loan-Level Data Publicly Available to Boost Transparency and Modeling Accuracy NAHB - 11:52AM NAHB: Growing Labor Shortages Impeding Housing and Economic Recovery www.aei.org - 11:13AM Has the mortgage tax deduction outlived its usefulness? CNBC - 11:13AM House of Representatives Passes Bill to Prevent Government Shutdown; Bill Will Go to Obama Google News - 10:25AM Existing-Home Sales and Prices Continue to Rise in February freddiemac.mwnewsroom.com - 10:24AM Freddie Mac: Mortgage Rates Stage for Start of Spring Homebuying Season NAHB - 10:25AM List of Improving Housing Markets Rises to 274 in March FHFA - 10:24AM FHFA House Price Index Up 0.6 Percent in January Today's Comments MBS Live Chat - 12:25PM "looks like riots might be beginning in cyprus, http://www.zerohedge.com/news/2013-03-21/cyp-riots-begin..." MBS Live Chat - 1:00PM "Bernanke Saying He's Dispensable Suggests Tenure Ending....feels no personal responsibility to stay on to unwind Fed Balance Sheet....just something else for MBS markets to digest......." MBS Live Chat - 1:02PM "10's catching a bit of a bid after TIPS Auction..." MBS Live Chat - 1:12PM "just read that Popular Bank has only a few hours of liquidity left. Should be interesting after the $$ runs out..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.64% +0.01 15 Yr FRM 2.94% +0.01 FHA 30 Year Fixed 3.35% +0.01 Jumbo 30 Year Fixed 3.74% +0.01 5/1 Yr ARM 3.00% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.78% 0.76 +0.08 30 Yr. Fixed 3.53% 1.11 +0.06 MBA ** 30 Yr. Fixed 3.82% 0.38 +0.01 15 Yr. Fixed 3.02% 0.36 +0.01 30 Yr. Jumbo 3.95% 0.36 +0.05 30 Yr. FHA 3.53% 0.31 +0.00 5/1 ARM 3.02% 0.36 +0.01 Freddie Mac ** 30 Yr. Fixed 3.54% 0.80 -0.09 15 Yr. Fixed 2.72% 0.70 -0.07 1 Yr. ARM 2.63% 0.40 -0.01 5/1 Yr. ARM 2.61% 0.60 +0.00 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 3.0 102.73 +0.05 30YR FNMA 3.5 105.33 +0.05 30YR GNMA 3.0 104.08 +0.02 30YR GNMA 3.5 107.25 +0.05 15YR FNMA 3.0 105.09 -0.03 15YR FNMA 2.5 103.55 -0.02 Treasuries Yield Change 2 YR 0.2500% +0.0000 5 YR 0.7904% -0.0177 10 YR 1.9199% -0.0365 30 YR 3.1395% -0.0571 Prices as of: 3/21/2013 4:26PM 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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