Daily Newsletter: Massive Disparity In Foreclosures; Appraisal Excemptions Proposed; MBA Launches Home Sales Index; Rates Bounce Lower

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30 Year Fixed 4.54%   -0.09 15 Year Fixed 3.72%   -0.07 10YR Treasury 2.57%   -0.1076 FNMA 30YR 3.5 100.47   +0.50 FNMA 15YR 2.5 102.53   +0.58 View Today's Rates

Thursday July 11, 2013 MND NewsWire - 9:36AM Massive Disparity In Foreclosures as Judicial States Surge Even as foreclosure activity is slowing dramatically nationwide, it appears that judicial foreclosure states are revving up to clear backlogs which, in some cases, date back years. ... MND NewsWire - 9:37AM Appraisal Exemptions Proposed for High-Priced Loans Regulators are proposing to exempt three types of loans from some of the appraisal requirements for so-called higher priced mortgages . The requirements are mandated by the Dodd-Frank ... MND NewsWire - 5:06PM MBA Debuts New Index To Track Home Sales The Mortgage Bankers Association (MBA) has just released the first installment of a new measure of loan activity designed as a monthly companion piece to its Weekly Mortgage Application ... Mortgage Rate Watch - 7:32PM Mortgage Rates Bounce Back to Week's Lows Mortgage rates were lower today right out of the gate, continuing a move set in motion by comments from Fed Chairman Bernanke late in yesterday's session. Markets didn't have much time ... MBS RECAP: Strong Session Leaves MBS Green After The Roll Fannie's Non-agency Issuance; Ops and Production Departments Dusting off ARM Manuals Exhaustive Data Highlights Central Role of Housing CFPB Finalizes April Clarifications and Changes MBA Highlights Growing Concerns Over FHFA's Execution of Securitization Plan Lawsuits Mount as Investors Claim U.S. Overreached with GSEs Efforts to Lower costs Continue; Nomura to Roll Out Non-Agency Security Rising Rates Taking Consistent Toll on Purchase Demand Latest Video Rates on the Upswing Race to Lock in Lower Mortgage Rates Who Will Succeed Bernanke? More News from 'Around the Web' Bloomberg - 5:50PM US Sued by Fannie Mae Investors Over Takeover Terms - Bloomberg National Housing Conference - 5:49PM The summer of mortgage finance? Realtor.Org - 5:49PM Real Estate Connect, Day 1: Your Customers Feel Empowered, So Should You CNBC - 3:57PM Why Banks Have a Friend in Bernanke Reuters - 3:53PM China urges U.S. to weigh global impact when exiting QE Bloomberg - 3:35PM FHA Expands Foreclosure Alternatives in Effort to Stem Losses - Bloomberg The Huffington Post - 2:00PM VIDEO: Most Alarming Real Estate Market Trend Yet Washington Post - 1:43PM It's possible America learned nothing from the financial crisis CNBC - 1:41PM Here's What's Bothering the Fed's Ben Bernanke www.npr.org - 12:59PM Housing Sec.: 'We Forgot How to Make Safe, Plain Vanilla Loans' www.npr.org - 12:59PM Is Owning A Home Still A Good American Dream? Federal Reserve - 12:55PM Elizabeth A. Duke submits resignation as a member of the Board of Governors, effective August 31, 2013 CNBC - 12:26PM Mortgage Rates Rising, But There are Plenty of Alternatives for Home Buyers Fannie Mae - 12:24PM News Release - Fannie Mae Maintains a Steady Pace of ... S&P/Case Shiller - 10:22AM Real Estate C(r)ash Sales news.google.com - 10:21AM The Morning Ledger: Bernanke Doubles Down on Easy Money - Wall Street Journal Bloomberg - 10:18AM Fabulous Fab Trial Revisits Subprime Crisis 6 Years On www.census.gov - 10:14AM Census Bureau: Median Price of Homes Purchased Rose 2.3 Percent to $110,000, 2011 American Housing Survey Finds freddiemac.mwnewsroom.com - 10:13AM Freddie Mac: Mortgage Rates Continue Trending Higher NAFCU - 8:49AM Agencies eye exceptions on higher-priced mortgages Today's Comments MBS Live Chat - 3:27PM "We've really come to a crossroads. Everyone is screaming that GDP will ramp up by the end of '14. Stock pickers are frothing at the mouth. What do I see? Record part time employment, weekly jobless claims heading higher and "individual" companies with rising inventories. I don't think we'll see 1.60..." MBS Live Chat - 9:02AM "kramer talking mortgage rates..." MBS Live Chat - 12:33PM "REPRICE : 12:33 PM - Stearns Lending Worse..." MBS Live Chat - 1:46PM "REPRICE : 1:46 PM - Freedom Mortgage Worse..." MBS Live Chat - 1:49PM "REPRICE : 1:49 PM - AMC Better..." MBS Live Chat - 2:54PM "REPRICE : 2:54 PM - Provident Funding Better..." MBS Live Chat - 2:55PM "REPRICE : 2:55 PM - Pinnacle Better..." MBS Live Chat - 3:22PM "REPRICE : 3:22 PM - Flagstar Better..." MBS Live Chat - 3:25PM "REPRICE : 3:25 PM - Caliber Funding Better..." MBS Live Chat - 3:57PM "REPRICE : 3:57 PM - Stearns Lending Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.54% -0.09 15 Yr FRM 3.72% -0.07 FHA 30 Year Fixed 4.37% -0.10 Jumbo 30 Year Fixed 4.60% -0.10 5/1 Yr ARM 3.34% -0.03 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 4.68% 0.46 +0.10 15 Yr. Fixed 3.76% 0.41 +0.12 30 Yr. Jumbo 4.86% 0.37 +0.18 30 Yr. FHA 4.37% 0.39 +0.10 5/1 ARM 3.40% 0.54 +0.07 Freddie Mac ** 30 Yr. Fixed 4.51% 0.80 +0.22 15 Yr. Fixed 3.53% 0.80 +0.14 1 Yr. ARM 2.66% 0.50 +0.00 5/1 Yr. ARM 3.26% 0.70 +0.16 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 96.66 +0.53 30YR FNMA 3.5 100.47 +0.50 30YR GNMA 3.0 97.59 +0.64 30YR GNMA 3.5 101.41 +0.63 15YR FNMA 3.0 102.53 +0.58 15YR FNMA 2.5 99.69 +0.78 Treasuries Yield Change 2 YR 0.3312% -0.0398 5 YR 1.3929% -0.1344 10 YR 2.5740% -0.1076 30 YR 3.6278% -0.0602 Prices as of: 7/11/2013 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

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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