Mortgages Rates Higher At Fastest Pace in Months

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Mar 14, 2012 4:50PM Mortgages Rates Higher At Fastest Pace in Months Mortgages Rates moved higher today at their fastest pace in months. 3.875% Best-Execution is off the table today and even the more aggressively-priced group of lenders is most advantageously priced at 4.0%, some lenders at 4.125%. This was a very big, very fast move. (read more about Best-Execution calculations ). For those that want to know WHY rates moved higher so quickly: (NOTE: For most of this discussion, we'll actually reference 10yr Treasury yields, even though it is Mortgage-Backed-Securities... Mar 14, 2012 3:48PM OIG Audit: One BofA Manager Signs 67,908 Documents in 2 Year Period The Department of Housing and Urban Development released five reports from its Office of Inspector General on Tuesday based on reviews of the foreclosure and claims processes of the five largest Federal Housing Administration (FHA) mortgage servicers . OIG conducted the audit of Bank of America, Wells Fargo Bank, CitiMortgage, JPMorgan Chase, and Ally Financial, Inc, after allegations were made in the fall of 2010 that national mortgage servicers were engaged in questionable foreclosure practices... Worst Day of Losses For Bond Markets Since 10/27/11 Appraisals not Assessments Should Determine Losses in Mortgage Fraud Cases Done Stressing Over Stress Tests; Eight Most Common Underwriting Mistakes; SEC and Thornburg MBS RECAP: 3/14/2012 Loans Lead Presumed Losses under Fed Stress Test Despite HARP, Purchase Increases, Application Volume Falls View: Front Page | Headline Viewer Micro News 1:19 PM: Bond Markets Tanking Again After Tepid 30yr Bond Auction 10:38 AM: HUD: New FHA Mortgagee Letter 12-5 10:28 AM: Cue The Snowball Selling... Bond Markets in a Free-Fall 10:09 AM: Fed: Speech by Chairman Bernanke on Community Banking 9:18 AM: Morning Data Does Nothing To Move Markets. Still In Rough Shape 8:40 AM: ECON: Petroleum Drags Import Prices Up. Exports Prices Rise 4:33 PM: Fed Announces Summary of Latest Bank Stress Tests 3:55 PM: MBS Settling in at Post-FOMC Lows. Reprice Risk Remains »View All Micro News Around the Web Treasury to sell stock in six bailed-out banks Fitch Revises UK's Ratings Outlook to 'Negative' Will the ?Foreclosure Discount? Grow This Year? S&P/Case Shiller Home Price Indices: 2011 Year in Review DataQuick: Southern California Homes Sales Up 7.2% Volcker Says Fed Has Capacity to Exit Stimulus in Orderly Way - Bloomberg »View More Around the Web Video News Sheila Bair on Banks, Economy & Oversight RE/MAX CEO on Housing 'Hopium' Blankfein Responds to Anti-Goldman Op-Ed »View More Video News Today's Comments "major disconnect in the traditional "stock lever" for several months now as bonds rallied and/or remained low due to safe-haven demand originating..." "Seems odd to have this much sell off in such a short period of time with out the stock market rallying? If oney was flying out of Treasuries and other..." "" This isn't surprising after everything we are seeing in our research. Just really begs the question of the validity of any Assignments of Mortgages..." »View More Comments Today's Q&A "In the state of Iowa,do both the husband and the wife have to be on the mortgage loan?" "Which major lenders sold/sell loans to Freddie and service Freddie loans?" "When selling a second home, is loss of employment considered change of employment for capital gains." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.03 0.10 15YR 3.31 0.05 FHA30YR 3.75 0.00 Jumbo30YR 4.27 0.08 5/1ARM 3.00 -0.01 MBS Quotes 30YR FNMA 3 102-08 -0-21 30YR FNMA 4 104-16 -0-14 30YR FNMA 4 106-01 -0-08 30YR FNMA 5 107-24 -0-03 Treasuries 2 YR 0.3942 0.0482 3 YR 0.5855 0.0795 5 YR 1.1039 0.1209 7 YR 1.6590 0.1420 10 YR 2.2740 0.1480 30 YR 3.4061 0.1381 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. FHFA Home Price 0.71% S&P/Case Shiller -1.11% Construction -0.08% Building Permits 1.64% Housing Starts 1.45% Mortgage Application -0.33% 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

Mortgage Rates Sharply Higher After Volatile Day For Markets

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Mar 13, 2012 4:38PM Mortgage Rates Sharply Higher After Volatile Day For Markets Despite the uneventful start to the week yesterday, Mortgages Rates are sharply higher today, rapidly re-introducing 4.0% as the more prevalent Best-Execution rate. Yesterday, 3.875% was the clear choice for Best-Ex. Movement between the two has been seen more frequently as rates in general have spent more time hovering in a narrow range between 3.875 and 4.0% on average so far in 2012. (read more about Best-Execution calculations ). Bond markets began the day in negative territory and continued... Mar 13, 2012 5:57PM Three Thornburg Mortgage Officers Charged with Securities Violations Three executives of Thornburg Mortgage Company were charged today with securities violations for hiding the financial condition of the company. The Securities and Exchange Commission ( SEC ) alleged that even as Thornburg was violating lending agreement by failing to make on-time payment the executives were hiding the severity of its financial situation from investors and its own auditor. Charged were Chief Executive Officer Larry Goldstone, Chief Financial Officer Clarence Simmons, and Chief Accounting... Acquisitions In the News; Reps and Warrants Matter; Mortgage Employment -3200 in January MBS and Treasuries Pushing the Boundaries of Recent Ranges MBS RECAP: 3/13/2012 The Day Ahead: Retail Sales, 10yr Auction, And FOMC Announcement A Legal Take on Fannie-BofA; RESPA in the Supreme Court; Freddie's Performance Mortgage Rates Begin Week In Slightly Better Shape View: Front Page | Headline Viewer Micro News 4:33 PM: Fed Announces Summary of Latest Bank Stress Tests 3:55 PM: MBS Settling in at Post-FOMC Lows. Reprice Risk Remains 2:32 PM: Bond Markets Struggling Post FOMC. Negative Reprice Potential 1:31 PM: Auction Helps Bonds Hold Ground at First, Now Choppy Before FOMC 9:01 AM: Stocks Flat, Bond Markets Weaker Following Retail Sales 8:35 AM: ECON: Retail Sales Slightly Better-Than-Expected 3:56 PM: MBS Hold Support Into Treasury Close. Big Ticket Events Tomorrow 2:11 PM: ECON: US Budget Deficit Widens in February »View All Micro News Around the Web Watchdog says banks impeded foreclosure inquiry SEC charges Thornburg executives with fraud SEC Charges Three Mortgage Executives With Fraudulent Accounting Maneuvers in Midst of Financial Crisis Fed Is 'Playing a Game With Us:' Pimco's Gross Banks, Meet the New Foreclosure Monitor Acting Comptroller of the Currency Discusses Challenges Facing Community Banks and Thrifts »View More Around the Web Video News MetLife Statement on Stress Test Fed Stress Tests & Financials Why Were the Stress Tests Released Early »View More Video News Today's Comments "A shift higher in interest rates would send a DV01 ripple through global bond markets. And would require a major commitment to longer cash flows. Lots..." "Ha--love the abbot and costello routine--inspired me to write this one on the HAI report: COSTELLO: I want to talk about the affordability of housing in..." "At first pass when I finally had a chance to review the mortgagee letter. I thought this also was a waste and just about politics. Although I am a pretty..." »View More Comments Today's Q&A "Bank of America, Chapter 7 bankraptcy and short sale question...please help." " 2nd hm WA, res. inCA. GMAC ln w FHAgrntee. Val $150K blo mkt. Gvng back 2 lndr. Any persnl recorse?" "Basis for Capital Gains" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.93 0.03 15YR 3.26 0.03 FHA30YR 3.75 0.00 Jumbo30YR 4.19 0.05 5/1ARM 3.01 -0.01 MBS Quotes 30YR FNMA 3 102-29 -0-12 30YR FNMA 4 104-30 -0-08 30YR FNMA 4 106-09 -0-05 30YR FNMA 5 107-26 -0-04 Treasuries 2 YR 0.3460 0.0200 3 YR 0.5064 0.0524 5 YR 0.9833 0.0743 7 YR 1.5174 0.0904 10 YR 2.1263 0.0893 30 YR 3.2680 0.0940 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. FHFA Home Price 0.71% S&P/Case Shiller -1.11% Construction -0.08% Building Permits 1.64% Housing Starts 1.45% Mortgage Application -0.33% 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

A Legal Take on Fannie-BofA; RESPA in the Supreme Court; Freddie's Performance

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Mar 12, 2012 10:10AM A Legal Take on Fannie-BofA; RESPA in the Supreme Court; Freddie's Performance Here's some good news for some: The Financial Times reports that, "The Federal Reserve is this week expected to pave the way for a doubling of bank dividends and share buybacks when it unveils the results of stress tests on the largest US financial groups. If Citigroup passes the test, as expected, it will be in a position to pay more than a notional 1 cent a share dividend for the first time since the financial crisis...Analysts expect JPMorgan Chase , among the strongest of international banks... Mar 12, 2012 3:21PM Mortgage Rates Begin Week In Slightly Better Shape After ending the previous week with two days in a row of being unchanged, Mortgages Rates begin the current week in slightly better territory. 3.875% Best-Execution is dominant for 30yr Fixed Conventional Loans at the moment, though some lenders are still more advantageously priced at 4.0%. (read more about Best-Execution calculations ). Today's improvements were more incidental than driven by any particular market factor. Trading was slow, volatility was low, and news was scarce this Monday. Most... MBS Begin Week Fairly Flat, But Losing Steam From Morning Strength MBS RECAP: 3/12/2012 FHFA Sets Roadmap, Compensation Structure for GSEs Remember "Tangible Net Benefit"? Nationstar's IPO; Fannie Update Freddie Mac Posts Positive Income Numbers, Requests Small Draw The Week Ahead: Treasury Auctions, FOMC, and Lots of Economic Data View: Front Page | Headline Viewer Micro News 3:56 PM: MBS Hold Support Into Treasury Close. Big Ticket Events Tomorrow 2:11 PM: ECON: US Budget Deficit Widens in February 1:15 PM: 3yr Note Auction Much Higher in Rate. Some Reprice Risk 10:40 AM: EU Finance Ministers to Sign Off on Greek Cash, Grill Spain 9:33 AM: 2 Steps Fwd, 1 Step Back For Bond Markets To Begin The Week 1:17 PM: MBS Continue Outperforming. Several Positive Reprices Reported 10:50 AM: ECON: Wholesale Inventory Growth Slows, Sales Turn Negative 9:18 AM: MBS Turn Positive After NFP Knee-Jerk, In Terms of Post-Roll Prices »View All Micro News Around the Web Citigroup could be surprise winner in stress tests Pending financial regulations keep banks uncertain about the future US to closely police banks in mortgage settlement U.S. Feb. budget deficit $231.7 billion: Treasury New Rent Report Suggests Possible Bubble Myth vs. Fact: Setting the Record Straight about Historic Mortgage Servicing Settlement »View More Around the Web Video News Fitch Says Banks Improving as Debt Crisis Eases Rents Rise as Home Values Fall Bank Stress Tests to Show Progress? »View More Video News Today's Comments "A shift higher in interest rates would send a DV01 ripple through global bond markets. And would require a major commitment to longer cash flows. Lots..." "Ha--love the abbot and costello routine--inspired me to write this one on the HAI report: COSTELLO: I want to talk about the affordability of housing in..." "At first pass when I finally had a chance to review the mortgagee letter. I thought this also was a waste and just about politics. Although I am a pretty..." »View More Comments Today's Q&A "Lender for LP relief 112% condo with current MI... LP Eligible/accept" " ex-husband filed a modification agreement to existing mortgage loan .with out my signing" " Is there a certain number of months ownership is required before selling to a FHA buyer? " »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.90 -0.01 15YR 3.23 -0.02 FHA30YR 3.75 0.00 Jumbo30YR 4.14 -0.02 5/1ARM 3.02 0.01 MBS Quotes 30YR FNMA 3 103-09 0-00 30YR FNMA 4 105-06 0-01 30YR FNMA 4 106-14 0-01 30YR FNMA 5 107-30 0-01 Treasuries 2 YR 0.3259 0.0039 3 YR 0.4545 0.0105 5 YR 0.9089 0.0109 7 YR 1.4270 0.0050 10 YR 2.0366 0.0066 30 YR 3.1737 -0.0063 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. FHFA Home Price 0.71% S&P/Case Shiller -1.11% Construction -0.08% Building Permits 1.64% Housing Starts 1.45% Mortgage Application -0.33% 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