Tuesday, August 3, 2010

WSJ: Fed Considering Resumption of MBS Purchase Program. MND Retorts

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
The WSJ published a story today implying the Federal Reserve was considering the idea of reinvesting MBS prepays back into new production TBA MBS. Read... - MBS Commentary
Two months after the tax credit expired, the national housing market is stagnate near record low levels of activity. Jobs were the issue before the tax... - MND NewsWire
FHA Changes on the Horizon; Cross Selling Mortgages to Banking Clients; Failed MBS Trades; "Credit Repair" Fraud Case Settled; - Pipeline Press
jeffer90576
MBS Quotes
FNMA 4.0 102-12 0-07
FNMA 4.5 104-20 0-09
FNMA 5.0 106-23 0-08
FNMA 5.5 107-28 0-05
FNMA 6.0 108-27 0-03
Updated: 8/3/10 4:29 PM
Treasuries
3 MO 0.1600 0.0200
2 YR 0.5300 -0.0239
5 YR 1.5500 -0.0855
10 YR 2.9400 -0.0209
30 YR 4.0400 -0.0219
Updated: 8/3/10 5:41 PM
Mortgage Rates
30 Yr FRM 4.52 -0.06
15 Yr FRM 3.93 -0.03
FHA 30 Year 4.58 -0.04
Jumbo 30 Year 5.90 -0.06
5/1 Yr ARM 3.56 -0.03
Updated: 8/3/10 3:54 PM
Latest Video      
View:All Videos
Cheating for Profit
8/3/2010
For-profit education stocks fall on GAO probe concerns, with CNBC's Herb Greenberg.
Real Plan To Fix Housing
8/3/2010
What will fix the price of your home, with Jimmy Grosfeld, founding director of BlackRock.
Housing From the Ground Up
8/3/2010
Discussing whether the housing sector has hit a bottom, with Russ Haraus, Appraisal Research Counselors; Steve Haines ,Texas Real Estate Magazine; and...

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Recent Comments
Adam Quinones
on 8/3/2010 - read this comment
Below average volume across the board with another increase in loan supply from originators. Supply focused in 4.0s and 4.5s. PLUS: similar to Friday there was a modest increase in 3.5 origination. 3.5s...
Steven Bote
on 8/3/2010 - read this comment
AQ--what was volume like today?
Edgar
on 8/3/2010 - read this comment
JW-Agree...not sure about September but 100% agree they will go back to dishing out the crack this country needs (low rates). The day we see 4.00% 1 point (LO) loans is the day I see this really blowing...
mdeery
on 8/3/2010 - read this comment
I am seeing a lot more 4.25% rates with decent rebate available for best qualified buyers..great refinance opportunity for those who refinanced clients at the lows of 2009 ( 4.875)..many borrowers will...

Mortgage News Daily


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Monday, August 2, 2010

Fed Chairman Highlights Importance of Investing in Human Capital

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Governments are cutting education funding, emergency budgets, police overtime, parks and recreation allocations, fire fighter training, etc, etc, etc.... - MND NewsWire
If you're a loan officer, I think the best advice I can offer is: Lock after you've gotten the file far enough to foresee an underwriting decision... - MBS Commentary
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 102-06 -0-07
FNMA 4.5 104-12 -0-05
FNMA 5.0 106-17 0-00
FNMA 5.5 107-25 0-04
FNMA 6.0 108-25 0-08
Updated: 8/2/10 4:30 PM
Treasuries
3 MO 0.1400 -0.0100
2 YR 0.5539 0.0039
5 YR 1.6355 0.0355
10 YR 2.9609 0.0209
30 YR 4.0619 0.0819
Updated: 8/2/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.58 0.03
15 Yr FRM 3.96 0.02
FHA 30 Year 4.62 0.03
Jumbo 30 Year 5.96 0.01
5/1 Yr ARM 3.59 0.00
Updated: 8/2/10 5:43 PM
Latest Video      
View:All Videos
Licensing Lending
8/2/2010
CNBC's Jane Wells has the new licensing requirement for some but not all lenders.
Talking Numbers: Seasonality & the Markets
8/2/2010
Tracking market performance during August and September, with Chris Johnson, Johnson Research Group CEO/chief investment strategist.
Geithner: Challenge for Financial Industry
8/2/2010
An update on Treasury Secretary Timothy Geithner's comments about banks, with CNBC's Steve Liesman.

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Recent Comments
Phil Dumouchel
on 7/30/2010 - read this comment
Great "value added" piece. Potential refi customer called today with quote from on-line (big name) at 4.125 with 1% - but their fees were nearly 0.25 point extra, so there it is...
Jason Harris
on 7/30/2010 - read this comment
Is the property eligible for Homepath? If so they probably figure they can find a buyer going that route instead of fixing the septic. If not maybe a 203K reno would work?
Mark H
on 7/30/2010 - read this comment
Here is a story on just one of the problems with this real estate mess. I just had Fannie cancel a purchase because they are unwilling to make the necessary repairs to the septic. Can someone please help...
eric lieu
on 7/30/2010 - read this comment
I've seen variants of the good file delivery document and that's not the issue. The real issue is the follow up and enforcement of the good file delivery. That's the hard part. We're in...

Mortgage News Daily


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