Tuesday, July 6, 2010

A Snapshot of Homelessness in America

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
One way to get a picture of homelessness is to look at data collected by HUD during a single night when canvassers nationwide look in shelters, abandoned... - MND NewsWire
It's time that both these organizations are operated as independent entities separated from HUD. - Voice of Housing
The Department of Housing and Urban Development has released preliminary data from its 2009 American Housing Survey showing that American homes are bigger... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 101-22 0-13
FNMA 4.5 103-27 0-06
FNMA 5.0 105-30 0-06
FNMA 5.5 107-15 0-03
FNMA 6.0 108-15 0-01
Updated: 7/6/10 4:29 PM
Treasuries
3 MO 0.1603 0.0000
2 YR 0.6091 -0.0159
5 YR 1.7565 -0.0592
10 YR 2.9302 -0.0431
30 YR 3.8900 -0.0524
Updated: 7/6/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.63 0.00
15 Yr FRM 3.99 0.00
FHA 30 Year 4.63 -0.01
Jumbo 30 Year 6.05 -0.04
5/1 Yr ARM 3.52 -0.02
Updated: 7/6/10 4:52 PM
Latest Video      
View:All Videos
Citigroup: Buy or Sell?
7/6/2010
Should you bet on Citi? Richard Bove, of Rochdale Securities, and Harry Rady, of Rady Asset Management, share their views.
Should US Mail Be Privatized?
7/6/2010
Chris Edwards, of the Cato Institute, and Keith Boykin, of The Daily Voice, share their views.
Community Bank Summit, Pt. 2
7/6/2010
Discussing financial regulatory reform's impact on community banks and the real estate market with James Hyman, CEO of Hopewell Valley Community Bank;...

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Recent Comments
Susan Kahler
on 7/2/2010 - read this comment
No change in pricing for us except one important thing: buydown the 30-year to 4.00% available for 1.125. unbelievable. Our high balance pays at 4.875% 25-day lock. yes, we can close. can you?
David Flohr
on 7/2/2010 - read this comment
Absolutely agree Joe. I don't know if no one thought of this when writing the bill, makes me wonder who the congressional staff uses as resources when considering these things. What is this going to...
John White
on 7/2/2010 - read this comment
Marty-the trouble is that it is not popular for career politicians to save in the good times. A good move to improve the economy would be for 1/3 of the Government to vanish. That is, slash Government...
Marty Sonke
on 7/2/2010 - read this comment
Without Keynesian economics we would probably be at least 5% higher in the unemployment rate and we all would be talking about ideas on how to make money as the mortgage markets would be practically non...

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Thursday, July 1, 2010

Homebuyer Tax Credit Closing Deadline Finally Extended

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
Late Wednesday night the Senate followed the lead of the House of Representatives and voted to extend the closing deadline for the popular homebuyer tax... - MND NewsWire
The Pending Home Sales Index, a forward-looking indicator, dropped 30.0 percent to 77.6 based on contracts signed in May from a reading of 110.9 in April... - MND NewsWire
The benchmark 10 year note yield is back below 3.00% and mortgage rates are at lifetime lows. Hello homeowners! Why isn't everyone (who can qualify)... - The Garrett Watts Report
jeffer90576
MBS Quotes
FNMA 4.0 101-12 0-03
FNMA 4.5 103-23 0-03
FNMA 5.0 105-20 -0-04
FNMA 5.5 107-09 -0-02
FNMA 6.0 108-14 0-00
Updated: 7/1/10 4:34 PM
Treasuries
3 MO 0.1700 -0.0100
2 YR 0.6300 0.0200
5 YR 1.8000 0.0100
10 YR 2.9600 -0.0100
30 YR 3.8800 -0.0300
Updated: 7/1/10 5:41 PM
Mortgage Rates
30 Yr FRM 4.62 0.02
15 Yr FRM 3.98 0.03
FHA 30 Year 4.64 0.01
Jumbo 30 Year 6.08 0.00
5/1 Yr ARM 3.50 0.01
Updated: 7/1/10 5:44 PM
Latest Video      
View:All Videos
What Would Happen if Fannie & Freddie Disappeared?
7/1/2010
CNBC's Steve Liesman looks into what a world without Fannie Mae and Freddie Mac would look like.
Pending Home Sales Down 30%
7/1/2010
Pending home sales fall 30 percent in May from April, with CNBC's Diana Olick.
Jobless Claims in U.S. Increased Last Week to 472,000: Video
7/1/2010
July 1 (Bloomberg) -- More Americans unexpectedly applied or jobless benefits last week, as initial jobless claims increased by 13,000 to 472,000, Labor...

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Recent Comments
Adam Quinones
on 7/1/2010 - read this comment
NEW YORK, July 1 (Reuters) - The New York Federal Reserve said Thursday that it conducted a swap of .5 billion of mortgage-backed securities in the week, the first leg of its plan to shift up to $9.2...
Kemper Lewis
on 7/1/2010 - read this comment
Everyone except HUD is aware that the new GFE is a nightmare. It makes no sense to have a good faith estimate that doesn't telll the consumer how much money they need to close a transaction. It's...
Jeff Anderson
on 7/1/2010 - read this comment
Hey AQ, is it a low volume, posturing into the Jobs Report tomorrow afternoon? Hasn't a bad report been traded in to the markets already? Would a not as bad report, say -50k "only" move the...
Frank Ceizyk
on 7/1/2010 - read this comment
Perhaps we can help Mr. Stevens avoid a crisis of confidence when the reality of these changes reveals the reality of what these updates have led to: 1 HUD's Hope:I am confident that updating the RESPA...

Mortgage News Daily


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