Daily Newsletter: Bipartisan Housing Reform Bill Ready for Senate; Distressed Sales Dive is Good News; MBS Underperform After Senate Headlines; Rates Unchanged to Slightly Lower

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30 Year Fixed 4.50%   -0.01 15 Year Fixed 3.51%   -0.01 10YR Treasury 2.77%   -0.0108 FNMA 30YR 3.5 100.73   0.00 FNMA 15YR 2.5 103.13   0.00 View Today's Rates

Tuesday March 11, 2014 MND NewsWire - 10:57AM Bipartisan Housing Reform Bill said ready for Senate Reuters and Bloomberg are reporting that the Chair and the Ranking Member of the Senate Banking Committee have agreed on the outline of a plan to wind down Fannie Mae and Freddie Mac ... MND NewsWire - 1:21PM Distressed Sale Dive Reflects Positive Transition in California Relatively speaking, one might say that the distressed housing market in California has virtually evaporated . The California Association of Realtors® (C.A.R.) said today that more ... MBS Commentary - 12:07PM MBS MID-DAY: Moderately Weaker, MBS Underperform After Senate Headlines The day began with bond markets moving relentlessly sideways, and against the backdrop of Friday's post-NFP move, they still are. In other words, MBS and Treasury levels continue to ... Mortgage Rate Watch - 3:05PM Mortgage Rates Unchanged to Slightly Lower Mortgage rates continued holding mostly sideways today , though there were enough lenders in slightly better shape to make for a small improvement on average. Just keep in mind that ... Fifth Third Exits Broker Channel; M&A Updates; MI Companies Dissolve MICA; NY/NJ Foreclosures MBA: Offsetting Factors Led to Slight Improvement in Credit Access Latest Video Liesman: This data could underpin real estate Santelli: Big day for Treasurys Byron Wien: Why the market will keep rising More News from 'Around the Web' House Financial Services - 3:21PM Chairman Hensarling Welcomes Announcement by Senators Johnson and Crapo Market Watch - 3:21PM Fannie, Freddie shares plunge more than 30% Washington Post - 3:20PM The foreclosure crisis is still burning years after the housing crisis ended www.corker.senate.gov - 2:18PM Corker Statement on Housing Finance Reform Principles Released by Senate Banking Committee CNBC - 1:33PM Wal-Mart says sales 'very good' since weather improved SIFMA - 1:32PM SIFMA Statement on Housing Finance Reform Proposal WSJ - 12:37PM Wholesale Inventories Piled Up in January as Sales Tumbled NAHB - 12:35PM Statement from NAHB Chairman Kevin Kelly on Johnson-Crapo Housing Finance Reform Deal www.treasury.gov - 11:24AM Making Home Affordable Five Years Later Google News - 11:24AM NAR Generational Trends Study Shows Confidence in Market, Some Challenges Bloomberg - 10:46AM Senators Release Details of New Bill Eliminating Fannie Mae Reuters - 10:46AM Senate banking leaders reach deal on Fannie, Freddie future www.gallup.com - 9:22AM U.S. Economic Confidence Index Down to -20 CNBC - 9:15AM 10 products that raise your home's IQ CNBC - 8:20AM US bonds trade flat ahead of $30 billion auction Today's Comments MBS Live Chat - 10:43AM "As MG said in the alert that came out a few minutes ago the Senate wants to create a new organization that does exactly what Fannie and Freddie does now which will cost millions in infrastructure/studies for a 2 organizations that are now making money versus tweeking them with additional safety measures..." MBS Live Chat - 10:44AM "Maybe we can establish a new department to oversee the wind down on Fan/Fred and fund it off books as with CFPB...." MBS Live Chat - 10:56AM "i don't see gse reform passing..." MBS Live Chat - 2:32PM "so, i'm stepping out on a financial limb, but IF Frannie were wound down, as Senate wishes to do, perhaps, wouldn't the smart move be to sell the operations/staffing/architecture to another financial services company for a premium of stock price?..." MBS Live Chat - 2:34PM "I agree that if they were to wind down, they should allow the stock holders to be paid off respectively. They paid back the bailout $$... whey are they they only ones not to be able to profit again...." MBS Live Chat - 2:36PM "f&f common stock are purely speculative, government isnt going to pay back common shareholders, only shot you have is in the pfd or higher on the capital structure..." MBS Live Chat - 2:38PM "NYT from last month: http://mndne.ws/1qtq0kq..." MBS Live Chat - 2:41PM "Ok, so althought they've paid back the $$ used to bail them out it was paid to the general treasury and technically they still owe the entire $189b between Fannie and Freddie. Makes sense...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.50% -0.01 15 Yr FRM 3.51% -0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.35% -0.01 5/1 Yr ARM 3.25% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.47% 0.28 -0.06 15 Yr. Fixed 3.52% 0.18 -0.04 30 Yr. Jumbo 4.37% 0.20 -0.10 30 Yr. FHA 4.13% 0.13 -0.04 5/1 ARM 3.09% 0.38 -0.08 Freddie Mac ** 30 Yr. Fixed 4.28% 0.70 -0.09 15 Yr. Fixed 3.32% 0.60 -0.07 1 Yr. ARM 2.52% 0.30 +0.00 5/1 Yr. ARM 3.03% 0.40 -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 96.39 +0.02 30YR FNMA 3.5 100.73 0.00 30YR GNMA 3.0 98.36 0.00 30YR GNMA 3.5 102.23 -0.06 15YR FNMA 3.0 103.13 0.00 15YR FNMA 2.5 100.06 -0.03 Treasuries Yield Change 2 YR 0.3737% +0.0002 5 YR 1.6150% -0.0098 10 YR 2.7680% -0.0108 30 YR 3.7083% -0.0132 Prices as of: 3/11/2014 3:49PM 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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