Daily Newsletter: More on FHFA's Plan to Merge GSEs; Lender Risk Numbers; MBS Buying Clearly Working

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30 Year Fixed 3.70%   -0.01 15 Year Fixed 3.00%   -0.01 10YR Treasury 2.06%   +0.0000 FNMA 30YR 3.5 104.75   -0.22 FNMA 15YR 2.5 104.77   -0.13 View Today's Rates

Monday March 11, 2013 MND NewsWire - 10:24AM Investors Shouldn't be Worried about FHFA's Plan to Merge GSEs -Report Bank of America/Merrill Lynch (BAML) is cautioning its institutional investors against being unsettled by the announcement last week of development of a potential common securitization ... MND NewsWire - 1:29PM Less Than 4 Percent of Lenders 'Acceptable' According To New Risk Assessment Tool Risk profiling of mortgage license holders was one of the focuses of 2012 activity by the Multi-State Mortgage Committee (MMC) of the Conference of State Bank Supervisors and the American ... MND NewsWire - 1:09PM MBS Buying Clearly Helping, But May Need To Be Adjusted- Fed's Duke Federal Reserve Board Governor Elizabeth A. Duke strongly endorsed the Board's current monetary policy in a speech to the Mortgage Bankers Association on Friday. Duke, in a speech devoted ... Pipeline Press - 12:29PM Ginnie Issuance Numbers; Continued MI News; Investor and Seminar News When they asked Michelangelo how he made his statue of David he is reported to have said, "It is easy. You just chip away the stone that doesn't look like David." Maybe something similar ... Mortgage Rates Vary By Lender After Friday's Rout MBS RECAP: Bond Markets Sleep In But Miss Alarm Altogether HAMP Servicers Continue to Improve on Assessments: Housing Scorecard Senator Requests DOJ Investigation of LPS Related to Fees, Double-Billing Sequester Puts Native American Loan Program on Hold; Uniform State Test Info; Interesting Prepayment Info and How it Impacts Pricing Unintended Consequences of Judicial vs Non-Judicial Foreclosure Foreign-Born Households will Drive Homeowner and Rental Markets this Decade Multi-Family/Commercial Delinquency Rates Show Improvement in Q4 Latest Video Lockhart, Miller on Mortgage, Housing Markets Builders' Credit Freeze Thawing? Student Loans Hurting Housing? More News from 'Around the Web' Market Watch - 2:49PM Finishing Dodd-Frank rules 'imperative': White National Housing Conference - 2:47PM Coalition briefs Congress on QRM press.experian.com - 2:22PM Experian Announces Availability of VantageScore 3.0 Bloomberg - 2:17PM Cordray Pledges Consumer Protection in Pitch to Run U.S. Bureau - Bloomberg CNN - 2:12PM New credit score could help millions CNBC - 12:27PM We're Betting Big on Real Estate: Blackstone CEO www.mass.gov - 11:06AM AG Coakley Targets Financial Companies for Predatory Loan Practices, Warns Homeowners About Foreclosure Relief Scams www.ourbroker.com - 9:38AM Should Borrowers Pay More For Big FHA Mortgages? Today's Comments MBS Live Chat - 2:59PM "Anyone know of any way to count rental income for properties purchased and paid for in cash last year? First time landlord. Was renting part of her current home out since 2011 but of course, she took cash and didn;t report it...." MBS Live Chat - 3:01PM "Does'nt FNMA require onlyb rental/lease income listed on the most recent 1040 tax return?..." MBS Live Chat - 3:05PM "Chip thats an over lay, FNMA does not need a 2 yr hist - have her file 2012 and use that with a lender lacking that overlay..." MBS Live Chat - 1:51PM "http://www.bloomberg.com/news/2013-03-10/cheapest-treasuries-since-11-alluring-to-gundlach-as-pce-falls.html..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.70% -0.01 15 Yr FRM 3.00% -0.01 FHA 30 Year Fixed 3.41% -0.01 Jumbo 30 Year Fixed 3.82% +0.09 5/1 Yr ARM 3.02% -0.02 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 3.70% 0.39 -0.07 15 Yr. Fixed 2.96% 0.36 -0.07 30 Yr. Jumbo 3.80% 0.37 -0.13 30 Yr. FHA 3.47% 0.33 -0.07 5/1 ARM 2.55% 0.37 -0.10 Freddie Mac ** 30 Yr. Fixed 3.52% 0.70 +0.01 15 Yr. Fixed 2.76% 0.70 +0.00 1 Yr. ARM 2.63% 0.30 -0.01 5/1 Yr. ARM 2.63% 0.50 +0.02 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 3.0 102.11 -0.13 30YR FNMA 3.5 104.75 -0.22 30YR GNMA 3.0 103.48 -0.08 30YR GNMA 3.5 106.73 -0.19 15YR FNMA 3.0 104.77 -0.13 15YR FNMA 2.5 103.13 -0.19 Treasuries Yield Change 2 YR 0.2580% +0.0001 5 YR 0.8966% +0.0000 10 YR 2.0576% +0.0000 30 YR 3.2580% +0.0001 Prices as of: 3/11/2013 4:30PM 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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