Daily Newsletter: Foreclosure Settlement Payments up to $125,000; HARP Report; Servicer Awards

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30 Year Fixed 3.52%   +0.02 15 Year Fixed 2.84%   +0.01 10YR Treasury 1.75%   +0.0067 FNMA 30YR 3.5 106.23   +0.03 FNMA 15YR 2.5 105.42   +0.02 View Today's Rates

Tuesday April 9, 2013 MND NewsWire - 2:26PM Foreclosure Settlement Payments Range from $300 up to $125,000 Homeowner beneficiaries of the recent settlement agreement made by the Comptroller of the Currency (OCC) and the Federal Reserve Board with 13 mortgage servicers can expect to begin ... MND NewsWire - 5:31PM HARP Continues to Attract Seriously Underwater Borrowers Freddie Mac and Fannie Mae (the GSEs) refinanced a total of 97,589 mortgages through the Home Affordable Refinance Program ( HARP ) in January compared to 76,460 HARP refinances in ... MND NewsWire - 3:07PM Five Servicers Attain Four STAR Level in Fannie Mae Program Fannie Mae's Servicer Total Achievement and Rewards Program (STAR) hit a new milestone in 2012. For the first time since the award was initiated in 2010, servicers have achieved four ... MND NewsWire - 11:25AM Further State Involvement in Mortgage Servicing Needed to Prevent Foreclosures Two consumer advocacy groups have outlined how state lawmakers can bolster safeguards to prevent unnecessary foreclosures . The Center for Responsible Lending (CRL) and Consumers Union ... Mortgage Rates Slightly Higher As Markets Level Off MBS RECAP: Contained By The Roll And Treasury Support Recent Bank Mergers; Ugly News for Access National and Golden First; Thoughts on New Appraisers Bernanke Lauds Role of Bank Stress Tests LOs Should Know Rate Locks Work Both Ways; Chatter About Forced Place Insurance; What is OMWI? More Americans View this as Good Time to Sell a House DE Underwriter Change? MI Company fines and their Responses; How Much can the CFPB Penalize and what does it do with the Money? Latest Video Treasury Sells $32 Billion In 3-Year Notes Fed's Bullard: 'I Have Worried About Hysteresis' We Decided to Exit Fannie and Freddie: Bass More News from 'Around the Web' SEC - 3:15PM SEC Announces Panelists for Roundtable on Fixed Income Markets Bloomberg - 3:02PM Bass Says Japan Bondholders' Reaction to Stimulus Telling - Bloomberg Bloomberg - 2:32PM New York Fed Says Asset Programs Did Not Disrupt Markets in 2012 CNBC - 2:30PM Home Builder Stocks Soar as Housing Battles Back FHFA - 2:29PM FHFA: Refinance Volume Remains Strong Through January www.mersinc.org - 11:54AM Montana Court: "Law Permits MERS to Act as Nominee for the Lender" www.aei.org - 11:54AM Pinto: On Fannie Mae's comeback story The Big Picture - 11:54AM Whistleblower Report on Bank of America Foreclosures S&P/Case Shiller - 11:54AM A Housing Recovery Is Buttressing U.S. Homebuilders' Credit Quality OCC - 10:53AM Payments to 4.2 Million Borrowers Covered by Foreclosure Agreement to Begin April 12 Fannie Mae - 10:52AM Fannie Mae Announces STAR Program 2012 Annual Results CNBC - 9:03AM I'd Be Willing to Scale Back QE: Fed's Bullard CNBC - 8:58AM Fed's Bullard: Still Projecting Unemployment Down Near 7% By End Of 2013, Despite March Jobs Report Bloomberg - 7:39AM Detroit Homes Rot as Appraisals Stopping Sales CNBC - 7:32AM Slovenia Faces 'Severe Banking Crisis': OECD Bloomberg - 11:03PM Fed's Yellen Seen as Likely Bernanke Successor, ISI Survey Says Bloomberg - 11:03PM Kill the 30-Year Mortgage - Bloomberg Today's Comments MBS Live Chat - 3:25PM "FHA needs revenues, and they want a full 1.75 upfront MIP's to replenish their account, so I doubt they will do this...." MBS Live Chat - 3:35PM "Not to mention the bargain 1.35% annual MIP...." MBS Live Chat - 3:35PM "If that's holding them back, they should modify it to 1.75 up front and allow borrowers to keep the existing annual rate. Compromise that helps both borrowers and HUD...." MBS Live Chat - 1:12PM "I'm gonna go out on this fairly sturdy limb and say no one really cares too much about about 2's/3's yet. So "weak 3yr auction," is just sort of a factoid without much impact on MBS or even the longer end of the curve..." Recent Q & A " Do Servicing companies handle private held mortgages?" " how dos a contract work between a buyer and seller" "Do is good to refinance with the MIP increase?" Today's Rates Best Execution Rate Change 30 Yr FRM 3.52% +0.02 15 Yr FRM 2.84% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.66% +0.02 5/1 Yr ARM 3.01% -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 3.76% 0.43 -0.03 15 Yr. Fixed 2.99% 0.36 -0.03 30 Yr. Jumbo 3.85% 0.37 -0.05 30 Yr. FHA 3.48% 0.38 -0.03 5/1 ARM 2.60% 0.32 +0.02 Freddie Mac ** 30 Yr. Fixed 3.54% 0.80 -0.03 15 Yr. Fixed 2.74% 0.70 -0.02 1 Yr. ARM 2.63% 0.40 +0.01 5/1 Yr. ARM 2.65% 0.50 -0.03 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 3.0 104.09 0.00 30YR FNMA 3.5 106.23 +0.03 30YR GNMA 3.0 105.55 -0.05 30YR GNMA 3.5 108.45 +0.03 15YR FNMA 3.0 105.42 +0.02 15YR FNMA 2.5 104.31 -0.02 Treasuries Yield Change 2 YR 0.2341% +0.0040 5 YR 0.6988% -0.0048 10 YR 1.7502% +0.0067 30 YR 2.9377% +0.0269 Prices as of: 4/9/2013 4:27PM 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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