Daily Newsletter: Rates Surge Into High 3's; CFPB Hits Servicer Over 'Loan Mod Purgatory'; September Off Table for Rate Hike?

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30 Year Fixed 3.97%   -0.06 15 Year Fixed 3.20%   -0.03 10YR Treasury 2.19%   -0.0771 FNMA 30YR 3.5 103.83   +0.45 FNMA 15YR 2.5 103.83   +0.33 View Today's Rates

Friday July 31, 2015 Mortgage Rate Watch - 9:02PM Wage Growth Shocker Pushes Mortgage Rates to 2-Month Lows Get out your calendar. Flip, swipe, or glance back at May 29th. That's where we have to go to see mortgage rates any lower than they are today. After a delightful, but incredibly boring ... MND NewsWire - 1:06PM CFPB Hits Servicer for Creating "Loan Modification Purgatory" A Texas mortgage servicer has run badly afoul of the Consumer Financial Protection Bureau (CFPB) for repeated violations of servicing rules . Residential Credit Solutions has agreed ... Pipeline Press - 10:20AM Wells MSA News; CFPB TRID Toolkit; Capital Markets Trends & Student Loans A rare blue moon (two full moons appearing in the same calendar month) will be visible in the sky today for the first time in three years. We won't see the next one until early 2018 ... MBS Commentary - 7:33AM MBS Day Ahead: Closer Look at Changes in Yield Curve Yesterday's recap mentioned a 'farewell' to low short term rates despite longer term rates 'faring well.' This is a reference to the major changes that have been taking place with the ... Wells Fargo pulls out of Marketing Agreements with Agents, Builders MBS RECAP: Bond Markets Thrive on Wage Growth Let-Down Latest Video September may be off the table for a hike Best bet on housing Employment data's 'shocking trend': Pro More News from 'Around the Web' Calculated Risk Blog - 7:03PM Fannie Mae: Mortgage Serious Delinquency rate declined in June, Lowest since August 2008 Bloomberg - 7:00PM Ocwen Plunges More Than 30% as Mortgage Servicer's Expenses Grow Calculated Risk Blog - 3:46PM Freddie Mac: Mortgage Serious Delinquency rate declined in June, Lowest since November 2008 Market Watch - 3:33PM Summer correction would be trouble for the Fed faithful CNBC - 1:21PM Recovery has wage winners, losers CNBC - 11:46AM Where to invest in housing: Rent or own? Reuters - 11:45AM U.S. job market set for more than just 'some' attention NY Fed - 10:22AM Statement Regarding Aggregation of Agency Mortgage-Backed Securities Holdings WSJ - 9:12AM This Year's Busiest Home-Building Markets Favor Apartments Bloomberg - 9:09AM Wells Fargo to Exit Loan Referral Deals With Builders, Agents Market Watch - 9:09AM Ocwen Financial posts lower quarterly profit Market Watch - 9:05AM Economic Report: Sharp deceleration in employment costs gives Fed a reason to delay rate hike Today's Rates Best Execution Rate Change 30 Yr FRM 3.97% -0.06 15 Yr FRM 3.20% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.75% -0.05 5/1 Yr ARM 3.00% -0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.26% 1.25 -0.06 30 Yr. Fixed 3.90% 1.28 -0.03 MBA ** 30 Yr. Fixed 4.23% 0.34 +0.00 15 Yr. Fixed 3.43% 0.34 +0.00 30 Yr. Jumbo 4.16% 0.33 -0.04 30 Yr. FHA 4.00% 0.17 -0.02 5/1 ARM 3.08% 0.41 -0.05 Freddie Mac ** 30 Yr. Fixed 3.98% 0.60 -0.06 15 Yr. Fixed 3.17% 0.60 -0.04 1 Yr. ARM 2.52% 0.30 -0.02 5/1 Yr. ARM 2.95% 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 3.0 100.67 +0.53 30YR FNMA 3.5 103.83 +0.45 30YR GNMA 3.0 101.80 +0.56 30YR GNMA 3.5 104.45 +0.47 15YR FNMA 3.0 103.83 +0.33 15YR FNMA 2.5 101.53 +0.34 Treasuries Yield Change 2 YR 0.6685% -0.0590 5 YR 1.5352% -0.0865 10 YR 2.1872% -0.0771 30 YR 2.9093% -0.0367 Prices as of: 7/31/2015 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

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. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Wells Fargo and Prospect Pull Out of Marketing Agreements; Low Wage Rental Housing Woes; Rates Steady After GDP

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30 Year Fixed 4.03%   +0.00 15 Year Fixed 3.23%   +0.01 10YR Treasury 2.26%   -0.0180 FNMA 30YR 3.5 103.36   +0.08 FNMA 15YR 2.5 103.48   -0.02 View Today's Rates

Thursday July 30, 2015 MND NewsWire - 2:10PM Wells Fargo pulls out of Marketing Agreements with Agents, Builders Well Fargo Bank announced today that it will immediately begin winding down its marketing services and desk rental agreements with real estate firms, builders, and some other referral ... Pipeline Press - 10:09AM CFPB's Latest Fine; JD Powers' Servicing Survey; Prospect Withdraws From MSA Biz Fun with government numbers: approximately 52.2 million people in the U.S. participated in major means-tested government assistance programs each month in 2012, according to a U.S. ... Mortgage Rate Watch - 3:08PM Mortgage Rates Stay Steady After GDP Mortgage rates were very close to unchanged despite market volatility surrounding the release of today's GDP figures. GDP can occasionally cause a significant response in mortgage rates ... MND NewsWire - 11:37AM Rental Housing a Growing Burden on Low Wage Earners Finding an affordable place to rent within a reasonable distance of employment is becoming increasingly difficult according to Freddie Mac executive David Leopold. Leopold, writing ... MBS MID-DAY: Just Barely Holding Gains After Volatile Morning Equity Acceleration Slows, Are Some Owners Cashing Out? MBS Day Ahead: Important Day for The Shorter Term Trend Latest Video Are you falling behind on your mortgage? CME's Duffy: Rate move impact will be dramatic Millennials staying home More News from 'Around the Web' CNBC - 3:30PM This one word may hold clue for Fed CNBC - 2:29PM 401(k) contributions hit record Calculated Risk Blog - 2:28PM Q2 GDP: Investment Reuters - 2:27PM Greece says IMF is taking part in bailout talks www.cfpbmonitor.com - 12:41PM House Financial Services Committee passes CFPB-related bills including bill creating TRID Rule hold harmless period Reuters - 12:41PM NYC property market still hot even as private equity exits WSJ - 11:07AM Economists React to Second-Quarter GDP: 'By No Means Satisfying' CNBC - 11:06AM Gross: Low rates are the problem, not the solution CNBC - 10:21AM More homeowners drowning in debt CNBC - 10:18AM Red flag for bonds fraud: Source freddiemac.mwnewsroom.com - 10:18AM Mortgage Rates Move Down www.realtor.com - 9:16AM Up, Down, Sideways? Making Sense of the Latest Home Sales Data WSJ - 8:59AM The Worst Expansion Since World War II Was Even Weaker Reuters - 8:55AM U.S. jobless claims increase, but still near cycle lows Today's Rates Best Execution Rate Change 30 Yr FRM 4.03% +0.00 15 Yr FRM 3.23% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.80% +0.00 5/1 Yr ARM 3.04% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.26% 1.25 -0.06 30 Yr. Fixed 3.90% 1.28 -0.03 MBA ** 30 Yr. Fixed 4.23% 0.34 +0.00 15 Yr. Fixed 3.43% 0.34 +0.00 30 Yr. Jumbo 4.16% 0.33 -0.04 30 Yr. FHA 4.00% 0.17 -0.02 5/1 ARM 3.08% 0.41 -0.05 Freddie Mac ** 30 Yr. Fixed 3.98% 0.60 -0.06 15 Yr. Fixed 3.17% 0.60 -0.04 1 Yr. ARM 2.52% 0.30 -0.02 5/1 Yr. ARM 2.95% 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 3.0 100.11 +0.06 30YR FNMA 3.5 103.36 +0.08 30YR GNMA 3.0 101.20 +0.08 30YR GNMA 3.5 103.98 +0.16 15YR FNMA 3.0 103.48 -0.02 15YR FNMA 2.5 101.17 +0.03 Treasuries Yield Change 2 YR 0.7275% +0.0197 5 YR 1.6217% +0.0084 10 YR 2.2643% -0.0180 30 YR 2.9508% -0.0475 Prices as of: 7/30/2015 3:46PM 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. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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