Guarantee Fee Increase Chatter; Uncertainty 4.0

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Jan 5, 2012 11:44AM Guarantee Fee Increase Chatter; Cordray in at CFPB? MERS Update; PHH's New Chief There sure is a lot going on for a holiday-shortened week. First off, the Fed sent Congress a little missive on how to fix the housing and mortgage market . Among the ideas is forming a national strategy to facilitate the conversion of foreclosed properties into rentals, allowing banks to rent their repossessed homes rather than forcing lenders to sell them, changing the compensation structure for mortgage servicers, companies that collect payments from borrowers and pursue foreclosures in the event... Jan 5, 2012 1:06PM Uncertainty 4.0: Will 2012 Exceed Our Low Expecations? The noted science fiction writer Ursula K. LeGuin might have been referring to the present day when she opined that "the only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." With all due respect to Ms. LeGuin, I think most of us have had enough intolerable uncertainty, at least when it comes to the state of our economy. Markets and people hate uncertainty – especially in a prolonged circumstance. Short of a multitude of national... Mortgage Rates Remain Exceptionally Strong Amid Exceptional Risk Examining the NFP/ADP Correlation, MBS Sideways Ahead of Jobs Report Cordray Appointment Roils Hill Tax Cut Extension Now Officially Raising Mortgage Rates The Day Ahead: Employment Data Sets Challenging Tone For Bond Markets MBS RECAP: 1/5/2012 View: Front Page | Headline Viewer Micro News 3:17 PM: MBS Rallying Into Afternoon. Still Limited by Range. Positive Reprices? 11:50 AM: Resistance Holds, MBS Off Highs, Reprice Risk Shifting Negatively 10:47 AM: MBS Steady Near Highs. Early Positive Reprices an Outside Possibility 10:07 AM: ECON: ISM Non-Manufacturing Report Misses Expectations Slightly 9:04 AM: ECON: Jobless Claims Fall 15,000 Last Week 8:34 AM: ADP Private Payrolls The Big Market Mover of The Morning 3:26 PM: MBS Holding Ground For Now, Negative Reprice Risk Fading 2:18 PM: New York Fed Posts Primary Dealer Survey Results »View All Micro News Around the Web Man Pleads Guilty in $3.4 Million Las Vegas Mortgage Fraud Scheme New York Fed to post agenda and minutes from external committee meetings Urban Land Institute Report: QRM and California NAHB: Homeownership is Under Attack Optimal Target Criteria for Stabilization Policy S&P Housing Views: Fed Puts Push for Housing »View More Around the Web Video News More People Rent in America Housing Recovery in Full Force? Fed Wants More Congressional Help in Housing »View More Video News Today's Comments "Awesome!...considering Obama has denounced mortgage brokers at least 3 times in the past few months (as recently as yesterday) and mentioned us in the..." "Amazing this part didn't make it into the analysis: House prices for the nation as a whole (figure 1) declined sharply from 2007 to 2009 and remain..." "ST is about .625 worse compared to 12.29. To me it seems way overdone but ST is blaming the entire increase on the government." »View More Comments Today's Q&A "Refinancing current home AND under contract with new home...CONTINUED DISCUSSION" "advice on Condo Loans" "reverse mortgage buy back my mother house if i do bankrupt" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.86 -0.02 15YR 3.32 -0.01 FHA30YR 3.75 0.00 Jumbo30YR 4.09 -0.02 5/1ARM 3.02 -0.02 MBS Quotes 30YR FNMA 3 102-29 0-04 30YR FNMA 4 105-00 0-01 30YR FNMA 4 106-11 -0-01 30YR FNMA 5 107-29 -0-03 Treasuries 2 YR 0.2633 0.0003 3 YR 0.3891 -0.0029 5 YR 0.8830 0.0020 7 YR 1.4245 -0.0025 10 YR 1.9964 0.0124 30 YR 3.0639 0.0319 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. NAHB Builder 5.00% FHFA Home Price -0.21% Existing Home 2.23% S&P/Case Shiller -1.23% Existing Home 4.00% Mortgage Application -2.61% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Tax Cut Extension Affecting Mortgage Rates; Fed White Paper

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Jan 4, 2012 10:27AM Tax Cut Extension Now Officially Raising Mortgage Rates As part of the temporary resolution to the recent battle over the Tax Cut Extension that took place in the last weeks of December, Congress decided that mortgage borrowers should foot part of the bill. Technically, Congress increased the "Guaranty Fees" that Fannie Mae and Freddie Mac charge to lenders that securitize MBS (Mortgage-Backed-Securities) with the Agencies, but ultimately, this cost must either be absorbed by lenders, passed on to consumers, or some combination of the two. From the official... Jan 4, 2012 5:41PM Fed White Paper Offers Advice on Restoring Housing Market In a letter to the chairs and ranking members of the Senate Banking and House Financial Services Committees on Wednesday, Federal Reserve Chairman Ben S. Beranke said " Restoring the health of the housing market is a necessary part of a broader strategy for recovery. " The letter accompanied a white paper developed by the Fed which Beranke called a "framework for thinking about certain issues and tradeoffs that policymakers might consider." In its opening pages the white paper titled The U.S. Housing... Mortgage Rates Hold Steady But Risks Increase AOT, Guarantee Fee Primer; PIMCO Losing Investors; O2 Funding's Interesting Website Announcement MBS Weaker but Holding Ground in Choppy Afternoon Trading OCC Rolls Out PSAs for Foreclosure Review Program Mortgage Applications Down 3.7%; 30-yr FRM Ends Year at Record Low MBS RECAP: 1/4/2012 View: Front Page | Headline Viewer Micro News 3:26 PM: MBS Holding Ground For Now, Negative Reprice Risk Fading 2:18 PM: New York Fed Posts Primary Dealer Survey Results 2:10 PM: Highlights From Fed White Paper on Housing / HARP / GSE's 1:53 PM: MBS Fall Past Pivot Point at 102-22. Reprice Risk Increases 1:10 PM: MBS Fall to Lows of The Day. Possible Negative Reprices 10:25 AM: OCC Releases Public Service Ads About the Independent Foreclosure Review 10:10 AM: ECON: Factory Orders Rise in Line With Estimates 9:51 AM: Bond Markets Flat Through The Morning, Now Considering Hungary Headlines »View All Micro News Around the Web Oversight Committee Chairman Issa Statement on President Obama's Recess Appointments to NLRB ABA Statement on CFPB Recess Appointment Standing up for consumers President Obama Announces Recess Appointments to Key Administration Posts Expanded Fannie, Freddie Role Could Help Heal Housing: Fed Richard Cordray Appointment Could Play Big for Housing »View More Around the Web Video News Fed Responds to Looming Foreclosures Obama Bucks GOP Opposition in Appointing Cordray Investing in Regional Banks »View More Video News Today's Comments "ST is about .625 worse compared to 12.29. To me it seems way overdone but ST is blaming the entire increase on the government." "Is that a flag/pennant/coil forming in the first chart. technically speaking? If it breaks out with the trend, MBS spreads will tighten?" "Are the new Fannie/Freddie fees permanent or do they end with the expiration of the payroll tax cuts? And does this open the door to keep "Guarantee..." »View More Comments Today's Q&A "advice on Condo Loans" "reverse mortgage buy back my mother house if i do bankrupt" "How much can be saved by making each mortgage payment one month early? " »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.88 0.01 15YR 3.33 0.01 FHA30YR 3.75 0.00 Jumbo30YR 4.11 0.01 5/1ARM 3.04 -0.01 MBS Quotes 30YR FNMA 3 102-25 -0-02 30YR FNMA 4 104-31 -0-01 30YR FNMA 4 106-12 -0-02 30YR FNMA 5 107-32 -0-01 Treasuries 2 YR 0.2631 0.0041 3 YR 0.3917 0.0007 5 YR 0.8814 -0.0036 7 YR 1.4269 0.0139 10 YR 1.9841 0.0281 30 YR 3.0322 0.0452 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. NAHB Builder 5.00% FHFA Home Price -0.21% Existing Home 2.23% S&P/Case Shiller -1.23% Existing Home 4.00% Mortgage Application -2.61% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

All Cash Purchases Increase; Special Edition of Nothing But Updates

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Jan 3, 2012 11:10AM All Cash Purchases Increase; VA's Final Rule for Vets to Avoid Foreclosure; HUD's Settlement with FNF Provides a RESPA Lesson The U.S. Census Bureau projected the Jan. 1, 2012, total United States population at 312,780,968. This would represent an increase of 2,250,129, or 0.7 percent, from New Year's Day 2011. In January 2012, one birth is expected to occur every eight seconds in the United States and one death every 12 seconds. Meanwhile, net international migration is expected to add one person to the U.S. population every 46 seconds in January 2012. The combination of births, deaths, and net international migration... Jan 3, 2012 10:07AM Special Edition of Nothing but MI, Investor, and Lender Updates - Not for the Faint of Heart Although yesterday was a Federal holiday and we should have all had the day off, the number of residential lender, investor, and MI updates in the last week or so warranted their own special edition of the commentary. This edition is longer than normal , as it is pretty thorough; most are pretty dry, many downright uninteresting, but some trends can be spotted that are important to note. Some only an underwriter would love - so readers can skip to the joke. So in no particular order: We all know... MICA Reports on PMI Numbers: $5.6B in New Mortgage Insurance Mortgage Rates Maintain Record Low Range to Begin 2012 MBS Holding on to Most of December's Gains. FOMC Minutes on Tap A Few Good Mortgage Studies; One Wholesaler Rolls Out HARP 2.0; Investors' Thoughts on 2.0's Impact The Week Ahead: FOMC Minutes and Jobs Data Ahead, Omnipresent European Threat Home Sales Contracts Continue to Rise View: Front Page | Headline Viewer Micro News 3:05 PM: MBS Significantly Outperforming TSYs Following Fed Minutes 2:45 PM: Fed to Add Individual Member Forecasts At Next FOMC 1:16 PM: Potential Rate Sheet Improvements if Current Gains Hold 10:51 AM: JPMorgan, EMC Sued for $95 Million on Alleged Reps/Warranties Breaches 10:39 AM: ECON: Construction Spending Inches to 1.5 Year Highs 10:14 AM: ECON: Manufacturing Activity Improved in December 10:03 AM: MICA: Mortgage Insurance Activity for November 2011 9:26 AM: Bond Markets Open Weaker, but Fighting Back as Volume Picks Up »View All Micro News Around the Web Treasury Calls for Assessments on Big Banks JPMorgan sued for $95 million over mortgage securities Fed minutes show policymakers will start forecasting direction of key interest rate Minutes of the Federal Open Market Committee, November 28 and December 13, 2011 Greece, Creditors Closer to a Debt Deal El-Erian Says No Appetite to Raise Rates in 2012: Tom Keene »View More Around the Web Video News Fed's New Transparency Efforts What Fed's Balance Sheet Signifies Europe at the Brink - A WSJ Documentary »View More Video News Today's Comments "Is that a flag/pennant/coil forming in the first chart. technically speaking? If it breaks out with the trend, MBS spreads will tighten?" "Are the new Fannie/Freddie fees permanent or do they end with the expiration of the payroll tax cuts? And does this open the door to keep "Guarantee..." "I like this rate range!!" »View More Comments Today's Q&A "How much can be saved by making each mortgage payment one month early? " "consequences/advantages to a buyout mortgage in florida" "Should I purchase a flat in 25yards in 5.65lacs in Sitapuri(close to C1), new delhi-110045 " »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.87 0.02 15YR 3.32 0.02 FHA30YR 3.75 0.00 Jumbo30YR 4.10 0.02 5/1ARM 3.05 0.05 MBS Quotes 30YR FNMA 3 102-27 0-00 30YR FNMA 4 105-00 -0-02 30YR FNMA 4 106-13 0-00 30YR FNMA 5 108-01 -0-01 Treasuries 2 YR 0.2590 0.0120 3 YR 0.3915 0.0325 5 YR 0.8846 0.0516 7 YR 1.4127 0.0637 10 YR 1.9561 0.0801 30 YR 2.9874 0.0964 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. NAHB Builder 5.00% FHFA Home Price -0.21% Existing Home 2.23% S&P/Case Shiller -1.23% Existing Home 4.00% Mortgage Application -2.61% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031