Market Volatility Drags Rates To New Annual Highs

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Mar 20, 2012 4:12PM Market Volatility Drags Rates To New Annual Highs Mortgages Rates , continued pushing into their highest levels of the year today after yet another volatile session for bond markets. Most lenders initial rate sheets were slightly improved from yesterday earlier this morning, but market movements during the course of the day prompted widespread repricing. By the end of the day, it's questionable to continue thinking about Best-Execution in terms of 4.0-4.125% and more appropriate to shift that range from 4.125% to 4.25%. That said, the combination... Mar 20, 2012 4:16PM TBW Executive Pleads Guilty to Criminal Charges A former executive of Taylor, Bean and Whitaker Mortgage Corporation (TBW) is facing a maximum penalty of 10 years in prison after pleading guilty Tuesday to making false statements and conspiring to commit bank and wire fraud. Delton de Armas, former chief financial officer of TBW is the latest of over a half dozen former officials to either plead or be found guilty of charges arising out of a headline.9 billion scheme that contributed to the failures of TBW and Colonial Bank. According to court documents... High Drama as MBS Hit Lowest Prices of The Year Federal Reserve Reports Decreased Income, Sends $75B to Treasury Building Permits, Starts Well Above Early 2011 Pace Agency Gossip; HARP Chatter from Lenders and MI Companies; MBS RECAP: 3/20/2012 The Day Ahead: Housing Starts and Building Permits View: Front Page | Headline Viewer Micro News 2:01 PM: Bond Markets Fighting. Reprices Still Likely, Maybe Less Ugly 1:48 PM: Further Deterioration... Decidedly In The Red Now... 1:27 PM: Negative Reprice Risk Returns as MBS Approach Unchanged Levels 12:10 PM: MBS Tentatively Creep Back Into Positive Territory 11:07 AM: Bond Markets Weaken Following Fed Buying. Some Reprice Risk 9:46 AM: Bond Markets Weaker Into Stock Market Open, Holding Ground 8:39 AM: ECON: Housing Starts Tepid on Single-Fam, Permits Rise 3:20 PM: Full Blown Sell-Off. Looking For The Bottom... »View All Micro News Around the Web BofA's McNiff Said to Resign From Mortgage-Trading Unit - Bloomberg Apartment Nation: Trend to Multi-Family Housing Continues Geithner Says Housing Market Is Still `Tough' - Bloomberg Geithner Agrees to Give Testimony in Lehman's JPMorgan Suit - Bloomberg A history the Fed ? with 50 slides ? by Professor Bernanke CNBC EXCLUSIVE: CNBC TRANSCRIPT: STEVE LIESMAN SPEAKS WITH FEDERAL RESERVE CHAIRMAN BEN BERNANKE TODAY »View More Around the Web Video News What Weighs on Mortgage Rates? Foreclosed Homes `Evergreen' Asset Class, Wiel Says Housing Recovery: Still Slow, But Moving »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 "how can i get a job cleaning out reo homes" "should i pay half a point to lock my rate for an extra 30 days or wait and see what happens?" "Who would I contact for finding reo contacts in property management?" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.09 0.03 15YR 3.37 0.02 FHA30YR 3.79 0.02 Jumbo30YR 4.34 0.05 5/1ARM 3.00 -0.02 MBS Quotes 30YR FNMA 3 101-26 0-02 30YR FNMA 4 104-06 0-01 30YR FNMA 4 105-30 0-01 30YR FNMA 5 107-24 0-01 Treasuries 2 YR 0.3914 -0.0086 3 YR 0.6132 -0.0028 5 YR 1.2032 0.0062 7 YR 1.7773 0.0183 10 YR 2.3791 0.0161 30 YR 3.4709 0.0209 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 Rise To Highest Levels Of The Year

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Mar 19, 2012 3:38PM Mortgage Rates Rise To Highest Levels Of The Year With the new week comes new pain for Mortgages Rates , which rose to their highest levels of the year today. Lenders have been adjusting their rate sheets all day and by varying degrees, so there's greater than normal degree of variation between them. For the most part, the 30yr Fixed Conventional Best-Execution Rate remains in the same 4.0% - 4.125% range, but for most lenders, borrowing costs at those rates are higher. (read more about Best-Execution calculations ). (read more about Wednesday's... Mar 19, 2012 4:06PM FHFA Releases GSE Q4 Data, Introduces Interactive Borrower Map Fourth quarter statistics on the activities of Freddie Mac and Fannie Mae (the GSEs) in assisting homeowners to stay in their homes were released today by the Federal Housing Finance Agency. The Foreclosure Prevention and Refinance Report for the fourth quarter includes new state level data and launches an interactive Fannie Mae and Freddie Mac State Borrower Assistance Map showing the number of loans owned or guaranteed by the GSEs, delinquencies, foreclosure prevention activities, real estate owned... "Risk On" Comes Out Swingin'. MBS At Lows Of The Year MBS MID-DAY: 3/19/2012 Signals Improving for both Home Builders and Remodelers State, Local Laws Adding to Foreclosure Problems FHFA Official Says HARP 2.0 Chatter; Agencies Say No to Private Transfer Fees; The CFPB & Privacy The Week Ahead: Limited Calendar of Events Focuses on Housing Data View: Front Page | Headline Viewer Micro News 3:20 PM: Full Blown Sell-Off. Looking For The Bottom... 12:46 PM: Bond Markets No Longer Holding Ground... Negative Reprices 12:01 PM: Greek CDS Info Lifts Stocks. Bonds Holding Ground For Now 10:05 AM: ECON: Builder Confidence Unchanged in March 9:45 AM: 2 Steps Back at Stock Market Cash Open. Less Genteel Indeed 9:22 AM: MBS, Treasuries Near Unchanged After Positive Start 12:36 PM: Some Positive Reprices Already, Maybe More if Recent Gains Hold 10:59 AM: MBS, Treasuries Off Weakest Levels Following Data »View All Micro News Around the Web Bernanke, Geithner to Testify on March 21 on Europe Debt Crisis - Bloomberg Wells Fargo Matches JPMorgan to Set Earnings Season Tone - Bloomberg FDIC Sues Former Omni National Bank Officers for Loan Losses - Bloomberg Did Warm Winter Steal Spring Housing? OCC Deputy Comptroller Testifies on Foreclosure Enforcement Orders Permanent Modifications on Fannie Mae and Freddie Mac Loans Reach 1.1 Million; Loan Mod Performance Improves »View More Around the Web Video News Wells Fargo Has Reason to Celebrate Housing Sales Expectations Rise Credibility Issue At the Fed? »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 "should i pay half a point to lock my rate for an extra 30 days or wait and see what happens?" "Who would I contact for finding reo contacts in property management?" "A list of Pa property maintenance companies that hire subcontractors?" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.06 0.03 15YR 3.35 0.03 FHA30YR 3.77 0.01 Jumbo30YR 4.29 0.03 5/1ARM 3.02 0.02 MBS Quotes 30YR FNMA 3 101-24 -0-21 30YR FNMA 4 104-06 -0-14 30YR FNMA 4 105-29 -0-08 30YR FNMA 5 107-23 -0-06 Treasuries 2 YR 0.3831 0.0161 3 YR 0.6023 0.0373 5 YR 1.1931 0.0761 7 YR 1.7638 0.0798 10 YR 2.3753 0.0773 30 YR 3.4788 0.0708 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

Rates Steady After Yesterday's Rout; Simplified Review of $25B Mortgage Settlement

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Mar 15, 2012 5:04PM Mortgage Rates Hold Steady After Yesterday's Rout Mortgages Rates took a beating yesterday, with the recently prevalent 3.875% Best-Execution rate for 30-Year Fixed, Conventional Loans falling completely off the table, leaving 4.0% in control. In some cases, lenders were better priced at 4.125%! These were the biggest single day jumps we've seen in rates in months, but thankfully, they went no higher today. (read more about Best-Execution calculations ). (read more about Yesterday's Big Changes in Rates ). When markets make large, abrupt movements... Mar 15, 2012 12:48PM A Simplified Review of the $25B Mortgage Settlement The Center for Responsible Lending (CRL) has published a summary of the National Mortgage Settlement Agreement which makes it easy to review the details of the agreement between 49 of the states' attorneys general (AGs), the federal government and five major financial institutions and their servicing subsidiaries. While there has been a lot of publicity surrounding the settlement agreement under which the banks agreed to pay $25 billion to settle claims against them, the summary provides a thorough... Year End STAR Achievers Announced by Fannie Mae; PHH Shines After Morning Jitters, MBS and Treasuries End Day Nearly Unchanged MBS RECAP: 3/15/2012 Examining Some Effects of a Sell-Off on The Secondary Mortgage Market Foreclosures Rise, but Improvement Seen in Foreclosure Inventory Foreclosure Filings More than Double in Several States View: Front Page | Headline Viewer Micro News 12:45 PM: MBS and Treasuries Test Support and Hold Ground For Now 11:40 AM: MBS and Treasuries Breaking Resistance, Positive Reprice Potential 10:52 AM: NAHB: Ninety-Nine Housing Markets Seen as Improving in March 10:40 AM: FHFA Publishes Final Rule on Private Transfer Fee 10:05 AM: ECON: Philly Fed Index Up Slightly, New Orders/Prices Down 10:00 AM: Freddie Mac: Mortgage Rates Follow Bond Yields Higher 9:55 AM: Regaining Some Lost Ground This Morning. Philly Fed on Deck 8:45 AM: ECON: Empire State Manufacturing Higher Than Expected »View All Micro News Around the Web DataQuick: February Bay Area Home Sales Up Miami Condo Market: Bust to Boom? Greece Rating Kept at Selective Default by Standard & Poor's - Bloomberg Manhattan Luring REITs With Soaring Rents: Mortgages - Bloomberg SEC-Citigroup fraud settlement gets new life Non-Agency Lending Gains Ground In Expanding Jumbo Market of 2011 »View More Around the Web Video News Hopium Heats Up in Miami Real Estate Michael Feder on U.S. Housing Market, Home Prices Santelli Exchange: Treasury Yields Playing Catch Up? »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 "How much is a licensed broker's commission on a home sold at $150,000?" "deed in lieu foreclosing????need help " "WHAT DEED IS NEEDED TO TRANSFER HOME FROM GRANDMOTHER TO GRANDDAUGHTER? NO MONEY INVOLVED" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.02 -0.01 15YR 3.31 0.00 FHA30YR 3.76 0.01 Jumbo30YR 4.26 -0.01 5/1ARM 2.99 -0.01 MBS Quotes 30YR FNMA 3 102-10 0-02 30YR FNMA 4 104-18 0-02 30YR FNMA 4 106-04 0-03 30YR FNMA 5 107-28 0-05 Treasuries 2 YR 0.3703 -0.0237 3 YR 0.5645 -0.0215 5 YR 1.0909 -0.0131 7 YR 1.6567 -0.0023 10 YR 2.2794 0.0054 30 YR 3.4096 0.0036 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