Daily Newsletter: Should the Government Set Standards, Backstop the Market, or Continue to Issue Guarantees?

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30 Year Fixed 3.60%   -0.02 15 Year Fixed 2.91%   -0.02 10YR Treasury 1.90%   -0.0555 FNMA 30YR 3.5 105.56   +0.09 FNMA 15YR 2.5 105.28   +0.05 View Today's Rates

Tuesday March 19, 2013 MND NewsWire - 2:54PM DeMarco: Should Government Set Standards, Backstop the Market, or Continue to Issue Guarantees? Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency (FHFA) told lawmakers on Tuesday that the role of housing finance reform should be to promote the efficient ... Pipeline Press - 12:21PM Establishing a New Fannie Mae in Texas? How Gfees are a Tax on Borrowers; Thoughts on Cutting Weak Producers The combination of marketing, brand placement, and design graphics is a real art: when it works, great, but when it doesn't , well... Economists study long and hard to learn certain ... MND NewsWire - 11:39AM Rising Prices Slowly Eroding National Negative Equity Rising home prices lifted 200,000 homes into a positive equity position in the fourth quarter of 2012. A total of 1.7 million homes regained equity during 2012 according to CoreLogic ... Mortgage Rate Watch - 3:34PM Mortgage Rates Continue Heading Mostly Lower Thanks To Europe Mortgage rates moved lower today at a less aggressive pace than yesterday. We noted some stratification between lenders which is relatively common when market conditions are volatile ... MBS RECAP: All Cyprus Ahead Of FOMC Tomorrow Housing Starts Rise, Permits at Four-and-half Year High Experian Notes Declining Credit Default Rates Infrastructure Challenges Sap Builder Confidence Despite Increased Demand Nine Attorneys General Demand DeMarco Ouster California Home Prices Benefit from Short Inventory, Sales Suffer Improving Credit Markets Force Titanium Shut Down; What is Moving the Relative Prices of Ginnie, Fannie, and Freddie MBS? Blackstone Buying $100M Single Family Homes per Week; LO Comp Plan Impact Default Rates? MBA Compliance Classes and QRM Update Latest Video Miami Condos: The Foreign Invasion Santelli Challenges the Fed's Low Rates Strategy Housing Starts Up 0.8% in February More News from 'Around the Web' NAHB - 4:26PM Home Builders Applaud Bill (H.R. 1255) to Restore Flow of Credit to Housing, Spur Job Growth CNBC - 2:58PM If There's a 'War' Against Banks, the Banks Are Winning Washington Post - 12:32PM Housing has been booming! Construction jobs haven't. Here's why. House Financial Services - 12:29PM Chairman Hensarling's Opening Statement at Today's Hearing with FHFA Director Edward J. DeMarco Market Watch - 11:05AM Banking committee OKs White, Cordray for SEC, CFPB NAFCU - 10:38AM Becker presses Senate on housing reform goals FHFA - 10:05AM Edward J. DeMarco: "On Sustainable Housing Finance: An Update from the Federal Housing Finance Agency on the GSE Conservatorships" Washington Post - 8:18AM Short sales surge in 2012, trend to continue in region www.corelogic.com - 8:18AM CoreLogic Reports 200,000 More Residential Properties Return to Positive Equity in Fourth Quarter of 2012 CNBC - 8:14AM Cyprus a Warning of 'More Outbreaks' From Europe Business Week - 8:13AM Big Banks Had $269.2 Billion Basel III Shortfall in Mid-2012 Bloomberg - 9:51PM Bernanke Tightens Hold on Fed Message Against Hawks Business Week - 9:51PM BofA's Countrywide Must Face FHFA's Securities Fraud Claims Business Week - 4:57PM BB&T Credit-Rating Outlook Cut to Negative by S&P After Fed Test Today's Comments MBS Live Chat - 3:05PM "REPRICE : 3:05 PM - Stonegate Mortgage Better..." MBS Live Chat - 3:03PM "REPRICE : 3:03 PM - Caliber Funding Better..." MBS Live Chat - 2:22PM "RTRS- CYPRIOT PARLIAMENT REJECTS TAX ON BANK DEPOSITS AS CONDITION OF INTERNATIONAL BAILOUT..." MBS Live Chat - 2:06PM "REPRICE : 2:06 PM - AMC Better..." MND NewsWire - 5:37PM "If there woud be more of a push for loan modifications with principal writedowns for those that have jobs and want to stay in their homes we would be in better shape. The current push for all the banks is to do short sales or for FHA go to foreclosure so they can ask for above market prices for their..." MND NewsWire - 7:26PM "Wonder if these Senators and AGs would be as demanding if we asked THEIR states to pay for the principal reductions...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.60% -0.02 15 Yr FRM 2.91% -0.02 FHA 30 Year Fixed 3.32% -0.01 Jumbo 30 Year Fixed 3.71% -0.02 5/1 Yr ARM 3.02% -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 3.70% 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 3.63% 0.80 +0.11 15 Yr. Fixed 2.79% 0.80 +0.03 1 Yr. ARM 2.64% 0.40 +0.01 5/1 Yr. ARM 2.61% 0.60 -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 3.0 103.13 +0.14 30YR FNMA 3.5 105.56 +0.09 30YR GNMA 3.0 104.52 +0.09 30YR GNMA 3.5 107.48 +0.08 15YR FNMA 3.0 105.28 +0.05 15YR FNMA 2.5 103.83 +0.09 Treasuries Yield Change 2 YR 0.2379% -0.0081 5 YR 0.7774% -0.0291 10 YR 1.9009% -0.0555 30 YR 3.1257% -0.0594 Prices as of: 3/19/2013 4:32PM 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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