Daily Newsletter: Huge Spike in Delinquencies; QRM Not a Done Deal; LO Comp in the Spotlight; Freddie Mac Starts Risk Sharing Sales

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30 Year Fixed 4.48%   -0.01 15 Year Fixed 3.66%   -0.01 10YR Treasury 2.57%   -0.0111 FNMA 30YR 3.5 100.81   +0.09 FNMA 15YR 2.5 102.59   +0.13 View Today's Rates

Thursday July 25, 2013 MND NewsWire - 10:21AM Huge Spike in Delinquency Rate After 5 Months of Improvements Lender Processing Services (LPD) will be reporting a huge spike in the U.S. Loan delinquency rate when it releases its Mortgage Monitor for June. Its usual advanced release of some ... MND NewsWire - 2:36PM QRM Rules May Change; Multiple Agencies Working on Proposal Reuters is reporting that federal regulators are considering revamping some of their rules related to the retained risk provisions of the Dodd-Frank Act. The law requires that lenders ... Pipeline Press - 9:50AM LO Comp Plans, 3 Percent QM Cap & LLPAs "America is the only country where a significant proportion of the population believes that professional wrestling is real but the moon landing was faked." There is nothing fake about ... MND NewsWire - 10:40AM New Freddie Mac Debt Notes to Transfer Risk to Private Sector About 50 broadly diversified investors are participating in a $500 million offering by Freddie Mac of Structured Agency Credit Risk (STACR SM ) Debt Notes. STACR debt, the first in ... Mortgage Rates Start Higher, End Flat MBS RECAP: Late Rally Preserves Range Trade Freddie Mac's Total Portfolio Ticked up in June Longer Term Investors Outnumber Flippers 2 to 1 in California HAMP Redefaults a Cause for Concern or Business as Usual? New Home Sales Rise; Prices Fell in June, Despite Annual Increase Higher Home Prices Slowing California Foreclosure Activity Good News in MI Earnings; Good Rumor on QRM; CFPB's LO Comp Complaint Latest Video Fed tapering = tightening? PIMCO's prediction for next Fed chair Santelli's Midday Bond Report More News from 'Around the Web' FHFA - 6:15PM FHFA Announces Settlement with UBS CNBC - 5:05PM Hamptons beach home sales hit record CNBC - 4:19PM Home builders hurt: what happened? Washington Post - 3:51PM Yellen vs. Summers: Who would be a better Fed chair? Washington Post - 3:51PM Larry Summers isn't popular in the blogosphere. But he's got friends in high places. Bloomberg - 1:54PM Homebuilders Fall as Pulte, Horton Orders Miss Estimates - Bloomberg CNBC - 1:35PM Mortgage delinquencies take a sharp turn up FHFA - 1:34PM 2-Month Old FHFA Refinance Statistics NAHB - 11:36AM Setting the Record Straight on the Mortgage Interest Deduction www.corelogic.com - 10:48AM CoreLogic Reports Second Quarter 2013 Financial Results Reuters - 10:29AM U.S. regulators may weaken plan to rein in mortgage underwriting-sources freddiemac.mwnewsroom.com - 10:25AM Mortgage Rates Calm Further CNBC - 10:25AM Will rising rates spell doom for home builders? NAHB - 10:25AM Remodeler Confidence Rebounds in Second Quarter freddiemac.mwnewsroom.com - 9:25AM Freddie Mac Issues Monthly Volume Summary for June 2013 www.lpsvcs.com - 9:23AM LPS' June "First Look" Mortgage Report: After Five Consecutive Months of Declines, Delinquency Rate Sees Seasonal Spike of Nearly 10 Percent Washington Post - 8:28AM Ex-Goldman Sachs trader, SEC spar in civil trial over 2007 mortgage deal Reuters - 8:27AM D.R. Horton profit beats estimates on higher home prices CNBC - 8:15AM Hedge funds most bearish on Treasurys in 16 months Today's Comments MBS Live Chat - 3:40PM "RTRS- WELLS FARGO & CO WFC.N - DECISION IS EFFECTIVE IMMEDIATELY AND IS EXPECTED TO BE COMPLETED OVER THE NEXT 12 TO 18 MONTHS..." MBS Live Chat - 3:40PM "RTRS - WELLS FARGO & CO WFC.N - NO IMPACTS ON CUSTOMER SERVICE OR LOAN PROCESSING ARE EXPECTED...." MBS Live Chat - 3:41PM "RTRS - WELLS FARGO SAYS WELLS FARGO VENTURES, UNIT OF WELLS FARGO BANK, N.A., PLANS TO WITHDRAW FROM ITS EIGHT JV IN MORTGAGE LENDING..." MBS Live Chat - 3:41PM "RTRS- WELLS FARGO-DECISION BASED ON REGULATORY ENVIRONMENT AS CHANGES IN FEDERAL OVERSIGHT HAVE INCREASED COMPLEXITY, DIFFICULTY OF OPERATING MORTGAGE JVS..." MBS Live Chat - 4:11PM "REPRICE : 4:11 PM - PennyMac Better..." MBS Live Chat - 4:11PM "REPRICE : 4:11 PM - USBank Better..." MBS Live Chat - 4:14PM "REPRICE : 4:14 PM - Interbank Better..." MBS Live Chat - 4:17PM "REPRICE : 4:17 PM - Wells Fargo Better..." MBS Live Chat - 4:19PM "REPRICE : 4:19 PM - Caliber Funding Better..." MBS Live Chat - 4:21PM "REPRICE : 4:21 PM - Green Tree Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% -0.01 15 Yr FRM 3.66% -0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.55% -0.02 5/1 Yr ARM 3.23% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.58% 0.40 -0.10 15 Yr. Fixed 3.63% 0.35 -0.07 30 Yr. Jumbo 4.66% 0.41 -0.15 30 Yr. FHA 4.28% 0.33 -0.10 5/1 ARM 3.30% 0.34 -0.09 Freddie Mac ** 30 Yr. Fixed 4.31% 0.80 -0.06 15 Yr. Fixed 3.39% 0.80 -0.02 1 Yr. ARM 2.65% 0.40 -0.01 5/1 Yr. ARM 3.16% 0.70 -0.01 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 96.88 +0.08 30YR FNMA 3.5 100.81 +0.09 30YR GNMA 3.0 97.92 +0.17 30YR GNMA 3.5 101.92 +0.23 15YR FNMA 3.0 102.59 +0.13 15YR FNMA 2.5 99.59 +0.08 Treasuries Yield Change 2 YR 0.3245% -0.0275 5 YR 1.3750% +0.0001 10 YR 2.5731% -0.0111 30 YR 3.6464% +0.0038 Prices as of: 7/25/2013 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

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