Monday, October 4, 2010

Pending Home Sales Up Two Months in a Row. Consumer Confidence Plays a Role

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Pending home sales have increased for the second consecutive month, according to the National Association of Realtors®. "Attractive affordability conditions... - MND NewsWire
FYI: Fannie and Freddie have issued policy review directives to seller/servicers on following proper procedure in the foreclosure process.Unfortunately... - MND NewsWire
MBS are currently at the high side of our price range. We've always advised locking when MBS are at the top of their price range. This range has proven... - Mortgage Rate Watch
jeffer90576
FNMA 4.0 103-04 0-08
FNMA 4.5 104-12 0-04
FNMA 5.0 105-14 0-03
FNMA 5.5 106-14 0-03
FNMA 6.0 107-19 0-03
Updated: 10/4/10 4:27 PM
MBS Quotes
3 MO 0.1471 -0.0129
2 YR 0.4066 -0.0134
5 YR 1.2241 -0.0359
10 YR 2.4758 -0.0642
30 YR 3.7061 -0.0039
Updated: 10/4/10 5:15 PM
Treasuries
30 Yr FRM 4.32 -0.01
15 Yr FRM 3.68 -0.02
FHA 30 Year 4.33 -0.02
Jumbo 30 Year 5.49 -0.02
5/1 Yr ARM 3.52 -0.02
Updated: 10/4/10 5:25 PM
Mortgage Rates
Latest Video      
Will Fed Money Printing Backfire?
10/4/2010
Will printing money backfire on higher interest rates and damage stocks? Insight with Jim Lacamp, Macroportfolio Advisors and Marc Pado, Cantor Fitzgerald...
Is TARP Really Over?
10/4/2010
Discussing whether taxpayers are really on the hook for billions more, with Bill Isaac, former FDIC chair and Daniel Indiviglio, The Atlantic.
Will Foreclosures Get Worse?
10/4/2010
Insight on whether the chaotic foreclosure process spells double dip in housing, with CNBC's Diana Olick; Stephen Meister, Meister Seelig & Fein...

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Marty Sonke
on 10/4/2010 - read this comment
We have to get our deficits under control period. If only government would be run more like a business. Government is completely inefficient. The right thing to do would be to go through the government...
Adam Quinones
on 10/4/2010 - read this comment
im still trying to figure out what they would do....QEII s/be aimed at fighting disinflation. Hilsenrath story in WSJ on potential for scattered purchases makes sense. I am thinking the strategy will force...
JTB
on 10/4/2010 - read this comment
AQ--what is your thoughts that if/when QE2 does commence, that it will have the unintended consequence of pushing interest rates upward? Do you view that as a legitimate possibility?
Marshall Moreland
on 10/1/2010 - read this comment
How many former homeowners do you think will go back and try to reclaim their former homes because of this? This could cause title issues for many years. I smell another bailout to pay off any former owners...
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Friday, October 1, 2010

Loan Servicers Prepare for Borrower Backlash. Lawsuits Mounting

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
Judge says GMAC submitted foreclosure affidavit in bad faith, must cover borrower's attorney fees - MND NewsWire
SBA securities? You bet! Flood insurance extended; Monday a big day for MI companies; updates from Chase, Citi, Fifth Third, Fannie, Flag, USB - Pipeline Press
Over the past twenty years, understanding of and business practice in mortgage markets has been influenced significantly by the application of statistical... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 102-30 0-05
FNMA 4.5 104-10 0-05
FNMA 5.0 105-10 0-01
FNMA 5.5 106-10 -0-01
FNMA 6.0 107-14 0-00
Updated: 10/1/10 4:30 PM
Treasuries
3 MO 0.1501 -0.0099
2 YR 0.4145 -0.0055
5 YR 1.2565 -0.0135
10 YR 2.5133 -0.0167
30 YR 3.7164 0.0264
Updated: 10/1/10 4:52 PM
Mortgage Rates
30 Yr FRM 4.33 -0.01
15 Yr FRM 3.70 -0.02
FHA 30 Year 4.35 -0.01
Jumbo 30 Year 5.51 -0.03
5/1 Yr ARM 3.54 -0.01
Updated: 10/1/10 4:17 PM
Latest Video      
View:All Videos
Manufacturing America's Jobs
10/1/2010
Insight on U.S. manufacturing, with Daniel Meckstroth, Manufacturers Alliance, and John Silvia, Wells Fargo.
Foreclosure Mistakes May Cloud Home Ownership Titles: Video
10/1/2010
Oct. 1 (Bloomberg) -- U.S. courts are clogged with a record number of foreclosures. Next, they may be jammed with suits contesting property rights as procedural...
Personal Income, Spending Tick Up
10/1/2010
Personal income rises more than expected in August; spending is up too, with CNBC's Rick Santelli and Steve Liesman.

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Recent Comments
Marshall Moreland
on 10/1/2010 - read this comment
Very good discussion folks. I think it's safe to assume that the lenders would NOT be doing these extra steps unless there was a major driving force behind it. Obviously they do not want to buy any...
Adam Quinones
on 10/1/2010 - read this comment
Yes fundamental Keynesian economics are not proving efficient as wages are now losing their downward stickiness. But Ben addresses this and the rest of your point of view in that speech. He makes it clear...
Brian Brady
on 10/1/2010 - read this comment
I read the speech. It was at best, a synopsis of "General Theory of Employment, Interest and Money". At worst, a roadmap for oblivion. The Keynesian Era is dead. Savings will be deployed when...
kcrute
on 9/30/2010 - read this comment
I am a LO for a small Regional Bank, direct FNMA/FHMLC Seller Servicer, this week I am reviewing loans that we closed about 9-10 months ago and have been audited. The agencies are looking for ANY reason...

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