Thursday, September 2, 2010

Expanding the Pool of Eligible Homeowners: Common Sense Underwriting Needed

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
Recently we've been hearing reports of renewed interest in restoring the homebuyer tax credit. While that may seem like a step in the right direction... - Voice of Housing
The Federal Reserve is hosting a two day summit on neighborhood stabilization the focuses on the problem of foreclosures and owned real estate and their... - MND NewsWire
There has been talk circulating that the Administration is considering the re-authorization of the expired homebuyer tax credit. While I believe this would... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 103-01 -0-07
FNMA 4.5 104-26 -0-01
FNMA 5.0 105-31 -0-03
FNMA 5.5 106-26 0-00
FNMA 6.0 107-21 0-03
Updated: 9/2/10 4:31 PM
Treasuries
3 MO 0.1400 0.0100
2 YR 0.5000 0.0000
5 YR 1.4300 0.0200
10 YR 2.6300 0.0500
30 YR 3.7200 0.0700
Updated: 9/2/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.35 0.02
15 Yr FRM 3.76 0.01
FHA 30 Year 4.38 0.01
Jumbo 30 Year 5.55 0.02
5/1 Yr ARM 3.50 0.01
Updated: 9/2/10 5:21 PM
Latest Video      
View:All Videos
Outlook for the U.S. Labor Market
9/2/2010
Sept. 2 (Bloomberg) -- Raymond Stone, chief economist at Stone & McCarthy Research Associates, discusses the outlook for the U.S. labor market and jobless...
Talking Numbers: Economy vs. Market
9/2/2010
What happens to the stock market when the economy slows coming out of a recession? Kevin Pleines, of Birinyi Associates, shares his analysis.
Politics & the Markets, Three Big Questions
9/2/2010
A few questions on how politics are affecting the markets, with Quintin Primo, of Capri Capital Partners.

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Recent Comments
Ray J
on 9/2/2010 - read this comment
I am 100% locked, locked 2 more on Monday, with everything closing in less than 30 days. New loans are coming in as floats as of today.
Stuart Landry - mortgage rates and market data
on 9/2/2010 - read this comment
I hope they start to reconsider 90 day seasoning rules with FHA as well as 12 month seasoning on R/T refis. Investors/rehabbers are gobbling up these foreclosures, fixing them up (nicely, i might add)...
Frank Ceizyk
on 9/2/2010 - read this comment
Wow--at long last, a voice of reason. I pitched this idea (residual income/reserve based lending) to the local government housing powers that be, and it certainly opened up some eyes and ears, in addition...
Gary Powell
on 9/2/2010 - read this comment
Ignore FICOs? Yea, I'll hold my breath and wait for that to happen. Even if that were to happen, who is going to buy these loans in the secondary market? The trend is definitely away from "common...

Mortgage News Daily


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Wednesday, September 1, 2010

New Mortgage Rate Lows Lost as Stocks Rally and Bonds Correct

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
After weeks of stagnation, stocks finally took their turn in the spotlight today. As money moved out of the bond market and into equities, mortgage-backed... - Mortgage Rate Watch
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original... - MND NewsWire
MBS valuations were also given a boost when the FOMC Minutes revealed the Fed had discussed the notion of reinvesting MBS prepays back into the TBA MBS... - MBS Commentary
jeffer90576
MBS Quotes
FNMA 4.0 103-07 -0-11
FNMA 4.5 104-26 -0-06
FNMA 5.0 106-01 -0-05
FNMA 5.5 106-26 -0-04
FNMA 6.0 107-18 -0-03
Updated: 9/1/10 4:31 PM
Treasuries
3 MO 0.1300 -0.0100
2 YR 0.5000 0.0300
5 YR 1.4100 0.0800
10 YR 2.5800 0.1100
30 YR 3.6500 0.1300
Updated: 9/1/10 5:50 PM
Mortgage Rates
30 Yr FRM 4.33 0.03
15 Yr FRM 3.75 0.04
FHA 30 Year 4.37 0.02
Jumbo 30 Year 5.53 0.03
5/1 Yr ARM 3.49 0.03
Updated: 9/1/10 5:33 PM
Latest Video      
View:All Videos
Is Now The Time to Buy a House?
9/1/2010
Debating whether there's ever been a better time to buy a home, with CNBC's Diana Olick; Spencer Rascoff, Zillow.com; and Susan Wachter, Wharton...
A New Real Estate Survey
9/1/2010
Insight on the CNBC/Trulia Home Traffic Report, with CNBC's Diana Olick.
Inside ADP Report
9/1/2010
The private sector lost 10,000 jobs from July to August but the number of planned layoffs fell 17 percent to hit the lowest level in 10 years, with Joel...

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Recent Comments
Rob Stapleton
on 9/1/2010 - read this comment
These figures may show increases, but do not show the other side of the market, those who would like to refi but do not meet the increased credit requirements either by income or other increased credit...
John White
on 9/1/2010 - read this comment
I had to pare off a higher rate lock and relock at the lower rate for a lovely rate shopper (try saying that one fast) this morning so the stock ticker going up was a blessing in disguise. AQ- I agree...
Larry Gray
on 9/1/2010 - read this comment
Sierra Pacific usually reads it for what is...only .15 worse. I'm still reading it like AQ does...volatility folks! And yes, it sure seems like we bottomed out. I locked one late yesterday but otherwise...
Adam Quinones
on 9/1/2010 - read this comment
NEW YORK, Sept 1 (Reuters) - U.S. private employers unexpectedly cut 10,000 jobs in August compared to a revised gain of 37,000 in July, a report by a payrolls processor showed on Wednesday. The July figure...

Mortgage News Daily


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