GSE Profitability to Test Conviction of Lawmakers

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May 5, 2011 4:02PM GSE Profitability to Test Conviction of Lawmakers Yesterday Freddie Mac announced net income of $676 million for the quarter ended March 31, 2011, compared to a net loss of $113 million for the quarter ended December 31, 2010. The company release states Freddie had a positive net worth of 210295.2 billion on March 31, 2011. As a result, no additional funding from Treasury was required for the first quarter of 2011. This was the first profitable quarter for Freddie Mac since being taken over by the government nearly three years ago. Up until now the... May 5, 2011 4:51PM Jobs Data Preview: Bonds Seeking Confirmation The April Employment Situation Report will be released tomorrow morning. In advance of this high-profile economic event, a wind of fundamental change appears to have swept through financial markets. Bonds have rocked the rally cap in 14 of the last 14 trading sessions and now sit at their best levels since early December. This rates rally played out even as equities continued to trend higher in the process, until recently that is. Yields eventually fell far enough that on Wednesday we alerted you... Mortgage Rates: High-Risk Event Ahead Foreclosure Pipeline "Bloated". New Delinquencies Down Survey: Prospective Home Buyers Lack Basic Mortgage Education Freddie Mac Forgoes Additional Draw; FHA REO Inventory Jumps; Repurchase Requests Decline; Deutsche Bank Gets Sued MBS RECAP: Highest Prices Since December 2010 Revisting the FHFA's Servicing Compensation Initiative View: Front Page | Headline Viewer Micro News 4:54 PM: Tommorow Offers Chance for Confirmation 3:17 PM: MBS and TSYs Soar as Stocks Sell-Off 2:11 PM: iPad Raffle Winner: Jordan Novelli, AMCAP Mortgage 12:10 PM: Bearish Bond Traders Scramble for Cover. Snowballing Seen 11:26 AM: Home Price Double-Dip: Clear Capital Data 10:47 AM: Borrower Paid vs. Lender Paid: Updating GFEs 8:33 AM: ECON: Productivity Rises Faster Than Expected 8:31 AM: ECON: Jobless Claims Highest Since 8/2010 »View All Micro News Around the Web CMBS Delinquency Rate at Record High Ritholtz: Housing Could Struggle for Another 5-10 Years Freddie Mac loses $929 million Group Criticizes Former HUD Secretary on Transfer Fees America's Fastest-Growing Cities 2011 HUD'S HOME PROGRAM REACHES ONE MILLION MARK »View More Around the Web Video News Reality Check: Housing's Double Dip RBS's O'Donnell Says Treasury Yields Are `Very Unstable' President Obama in NYC »View More Video News Today's Comments "HOLY STOCK LEVER! BATMAN" "As has been the case over the past two weeks, short covering is playing a pivotal role in the rates rally today. "Short covering" is when a bearish..." ""The Treasury is so close to the ceiling already that it will start to employ a series of emergency measures on Friday to allow the government to..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "We are in the process of doing a short sale and are still making our monthly mortgage - We are thinking of stopping making payments because we can no longer..." "I am looking at purchasing a condo. It has 8 units in the complex and only three units are owner occupied. So it does not meet the 51% Owner occupied limit..." "Hi everyone, I need advice from you guys on how the interest rates work. I'm going with Wells Fargo and I've locked in my interest rate at 4.25..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.70 -0.04 15YR 4.04 -0.04 FHA30YR 4.48 -0.04 Jumbo30YR 5.25 -0.03 5/1ARM 3.36 -0.05 MBS Quotes FNMA 3.5 96-15 0-16 FNMA 4.0 100-13 0-15 FNMA 4.5 103-15 0-12 FNMA 5.0 105-31 0-11 Treasuries 2 YR 0.5774 -0.0116 3 YR 0.9504 -0.0326 5 YR 1.8812 -0.0578 7 YR 2.5390 -0.0690 10 YR 3.1535 -0.0675 30 YR 4.2582 -0.0658 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

MBS Ledge: Shift in Production Coupon Potentially in Progress

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May 4, 2011 12:09PM MBS Ledge: Shift in Production Coupon Potentially in Progress Both benchmark rates and production MBS coupon prices have bounced around a large yet well-defined range so far in 2011. There have been moments when it seemed like rates were doomed to breakout in the wrong direction, there have been times when it felt like a sustained rally was in the works. At one end of the spectrum we find the potential for snowball buying as a flattening yield curve forces real money investors to add longer dated debt to better match asset cash flows vs. liability cash flows... May 4, 2011 2:36PM Mortgage Rates: Early Signs of Significant Shift After spending the first four months of 2011 in a tight range, we may be witnessing the early stages of a significant shift lower in home loan borrowing costs. But these signs are only the beginning of what might evolve into a sustained rally in the bond market. Nothing has been confirmed. Preliminary signs are encouraging, but could very well be a "false start". UPDATED CURRENT MARKET : The "Best Execution" conventional 30-year fixed mortgage rate is 4.875%. If you are looking to move down to 4... Loan Officer Survey: Lending Regs No Looser Revisting the FHFA's Servicing Compensation Initiative Mortgage Demand Stagnates Despite Best Rates of Year Impact of QRM Reform on Credit Availability & Securitizations; Upbeat Mood at Secondary Conference; Ally Quarterly Results Failed MBS Trades and Loan Pipeline Hedging; CitiMortgage Layoffs; Thornburg Files Bankruptcy Suit; Dodd-Frank Pushback MBS MID-DAY: Reprices for Better Reported View: Front Page | Headline Viewer Micro News 12:56 PM: Buy the Rumor, Sell the News? Forced Buying Aids Rally 10:01 AM: ECON: ISM Non-Manufacturing Weaker 9:07 AM: ECON: Planned Layoffs Decline 12 Percent in April 9:04 AM: Treasury Leaves Auction Amounts Unchanged 8:57 AM: Non-Agency Prepays: High LTV Loans Paid Down 8:57 AM: Fed's Rosengren: Housing Worse Than Hoped 8:53 AM: Hedging Basics: Failed MBS Trades Still Elevated 8:20 AM: ECON: ADP Jobs Data Below Expectations »View All Micro News Around the Web Chart(s) of the Day: Length of Recoveries, Interest Rates Personal Bankruptcy Filings Moderate About 1 in 7 in U.S. Receive Food Stamps Foreclosures Trapped by a Lack of Lawyers Beazer Homes Posts Second-Quarter Loss Commercial Real Estate Loans Tick Up »View More Around the Web Video News Can the Economy Withstand $5 Gas? The Fed, Inflation & Recovery Make it in America »View More Video News Today's Comments "Today's interest rate rally has been fueled by bearish traders who are covering their short positions as benchmarks rally through technical resistance..." "wholesale/broker pricing definitely more aggressive than banker rate sheets right now." "I feel a change in the wind coming....a decent correction in stocks. Then QE3." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Loan Scenario View All Post A Scenario Loan State: Michigan Loan County: --- Loan Type: Refinance (Rate and Term) Loan Amount: 210068,450,000 Property Value..." "Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso..." "Hi everyone, I need advice from you guys on how the interest rates work. I'm going with Wells Fargo and I've locked in my interest rate at 4.25..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.74 -0.03 15YR 4.08 -0.02 FHA30YR 4.52 -0.05 Jumbo30YR 5.28 -0.04 5/1ARM 3.41 -0.02 MBS Quotes FNMA 3.5 95-30 0-07 FNMA 4.0 99-29 0-05 FNMA 4.5 103-02 0-03 FNMA 5.0 105-19 0-00 Treasuries 2 YR 0.5933 -0.0117 3 YR 0.9856 -0.0054 5 YR 1.9422 -0.0068 7 YR 2.6151 -0.0149 10 YR 3.2288 -0.0222 30 YR 4.3381 -0.0119 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Home Remodeling a Forward Indicator of Housing Bottom?

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May 2, 2011 11:15AM Home Remodeling a Forward Indicator of Housing Bottom? Builders who specialize in home remodeling are seeing a better market than they have in years according to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) released on Friday. The index rose to 46.5 in the first quarter of the year from 41.5 in the fourth quarter of 2010. The current RMI is the highest the index has been since the fourth quarter of 2006. The RMI is based on builders' perceptions of current remodeling activity and on indicators of future activity such... May 2, 2011 3:09PM Affordable Housing Units Needed for Low Income Renters Almost every American is a renter at some point in his life but today both economic conditions and demographic forces are increasing rental demand , reversing trends that have prevailed from the mid-1990s. Harvard's Joint Center on Housing Studies has just issued a report on the state of rental housing in this country and its renewed importance. While " American's Rental Housing - Meeting Challenges, Building on Opportunities " does not use the word "crisis" in regards to the rental market, it is... Mortgage Rates: Aggressive But Not Better The Week Ahead: Employment Situation, Fed Speak, Auction Supply Terms Unintended Consequences of Risk Retention Reform: REO Purchase Mortgagee Letter; Zillow Giftcards; Scorecard Clarification GSEs Align Servicing Regs to Streamline Delinquency Resolution Economic Slowdown: Transitory Effects vs. False Starts Financial Literacy: Is Homeownership Counseling Helpful? View: Front Page | Headline Viewer Micro News 4:43 PM: Tuesday: This Week's Calm Before Storm 2:02 PM: ECON: Sr. Loan Officer Survey Shows Easing 2:00 PM: Thornburg Mtg Trustee Sues Several Big Banks 12:26 PM: Freddie Extends Relief to Storm Victims 10:02 AM: ECON: ISM Manufacturing Near Consensus 10:01 AM: ECON: Construction Spending Beats Consensus 9:23 AM: Report on Foreign Holdings of U.S. Securities 9:10 AM: Commodity risk premium drop seen short lived »View All Micro News Around the Web Goldman estimates 3.5 million Excess Vacant Housing Units Number of the Week: Millions Set to Lose Unemployment Benefits U.S. Forces Kill Osama bin Laden Fabulous Feature of the Month: Stairways We Have Liftoff: No Money Down Is Back Do Home Builders Have a Future? »View More Around the Web Video News Reaction from Ground Zero A Weekend With Warren Americans React to Bin Laden »View More Video News Today's Comments "If you haven't noticed yet, which I find hard to believe, Main Street is getting its margins squeezed as more expensive food and energy prices are..." "Picture a 1860 Wells Fargo coach with only 1 wheel left and it is galloping towards a cliff...that is the economy..the driver is Bernanke!" "Don--after all the ad hominem attacks you have made on Jason I can't believe you are somehow the thin skinned victim now? You are simply a very well..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Hello, My husband and I recently seperated due to domestic issues. He is still living in the home and is not paying the mortgage. I left the home with..." "Florida Hard Money and Florida Private Money 8135165210 http://www.harddmoneyloans.com Ltvs to 65% Rates from 10.50% Loans from 30k to 5 million we are..." "Are there any laws that prohibit this?" »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.77 0.01 15YR 4.10 0.01 FHA30YR 4.57 -0.01 Jumbo30YR 5.32 -0.01 5/1ARM 3.43 0.00 MBS Quotes FNMA 3.5 95-11 -0-02 FNMA 4.0 99-16 -0-01 FNMA 4.5 102-28 -0-01 FNMA 5.0 105-17 -0-01 Treasuries 2 YR 0.6052 -0.0038 3 YR 0.9968 -0.0032 5 YR 1.9670 -0.0070 7 YR 2.6595 -0.0125 10 YR 3.2806 -0.0094 30 YR 4.3823 -0.0177 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031