Bank's "Inappropriate Levels of Risk"; Second Report on Countrywide VIP

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings: Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Jul 5, 2012 2:45PM Bank's Push for Profitability May Lead to 'Inappropriate Levels of Risk', OCC Report The Office of Comptroller of the Currency has issued a spring 2012 Semiannual Risk Perspective covering national banks and federal savings associations. The report looks at the risks confronting those institutions and the potential that banks may take excessive risks as they try to improve profitability. The report says that as the banking industry continues to emerge from the recession and to adjust to shifts in its operating and regulatory environment these shifts are inducing large changes in... Jul 5, 2012 2:20PM Oversight Committee Issues Second Report on Countrywide "VIP" Program The House Oversight and Government Reform Committee issued a report today on Countrywide Mortgage and its so-called VIP loan program which the committee said was "a tool used by Countrywide to build goodwill with lawmakers and other individuals positioned to benefit the company. In the years that led up to the 2007 housing market decline, Countrywide VIPs were positioned to affect dozens of pieces of legislation that would have reformed [Freddie Mac and Fannie Mae]." This is the second report the... Mortgage Rates Unchanged To Slightly Higher Ahead Of Important Jobs Report MBS RECAP: Smooth Sailing After Stormy Morning Orange Alerts on California's Laws and Eminent Domain Focus; Lender Updates and Many FHA Streamline Changes Drop in Refinancing Curtails Application Volume We Have A Chance…Victories In The Battle Against Lost Home Equity MBS MID-DAY: Slightly Stronger After Volatile Morning View: Front Page | Headline Viewer Micro News 1:01 PM: Steady At Stronger Levels Despite Stock Market Bounce 10:04 AM: ECON: ISM Non-Manufacturing Weaker Than Expected, Employment Stronger 10:02 AM: Freddie Mac: Fixed Mortgage Rates Continue Finding New Record Lows 9:24 AM: MBS Back To Unchanged Levels After Tumultuous First Hour 8:49 AM: Highlights From ECB President Mario Draghi's Press Conference 8:35 AM: ECON: Jobless Claims Slightly Lower Than Expected 8:28 AM: ECON: ADP Private Payrolls Up 176k vs +105k Consensus 1:02 PM: Heading Into Weaker Levels. Reprice Risk Increases »View All Micro News Around the Web An Off-the-Wall Plan to Save Homeowners (And Make Some Investors Rich) Exclusive: Defecting U.S. brokers bring along $59 billion assets Is the Rental Market Now Overheating? Countrywide Used Loans for Favor With Fannie Mae, Report Says - Bloomberg GAO-12-776, Foreclosure Review: Opportunities Exist to Further Enhance Borrower Outreach Efforts, June 29, 2012 Economists Raise Jobs Forecasts After ADP »View More Around the Web Video News Previewing June Jobs Report Jobs Report Tomorrow, Market Hopium Ahead? Santelli's Midday Bond Report »View More Video News Today's Comments "You mean $17,000 per year in payment reductions, correct? Good work, I have had similar stories of difficult files. I appreciate how you focus on helping..." "Bravo, Frank! Success stories like these, I believe, is what drives us to do what we do. Priceless!" "Great stories and great words. Keep up the good fight." »View More Comments Today's Q&A "offerign close to best execution rate" "Need building loanVe. Please do not say SUNTRUST" "Need a loan for new house. Please do not say SUNTRUST" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.72 0.01 15YR 2.99 0.01 FHA30YR 3.63 0.01 Jumbo30YR 4.11 0.01 5/1ARM 2.99 0.01 MBS Quotes 30YR FNMA 3 105-16 0-06 30YR FNMA 4 106-25 0-04 30YR FNMA 4 107-18 0-04 30YR FNMA 5 108-12 0-02 Treasuries 2 YR 0.2895 0.0005 3 YR 0.3750 -0.0160 5 YR 0.6718 -0.0002 7 YR 1.0465 -0.0305 10 YR 1.5986 -0.0004 30 YR 2.7182 -0.0218 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -7.05% Mortgage Refinance -8.31% Mortgage Purchase -1.44% S&P/Case Shiller 1.28% Existing Home -1.52% New Home Sales 7.58% 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

We Have A Chance…Victories In The Battle Against Lost Home Equity

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings: Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Jul 3, 2012 3:36PM We Have A Chance…Victories In The Battle Against Lost Home Equity One of my favorite movies during the July 4th holiday is The Patriot. The sacrifices Benjamin Martin and many others make to win a chance at freedom against insurmountable odds always inspire and remind me what an incredible blessing it is to live in America. I find a kindred spirit in the ragtag militia that Benjamin leads into battle. They aren't well respected by the regular army, and often run at the first sign a skirmish is not going their way. Leadership falls apart, the lines disburse... Jul 3, 2012 10:22AM First Round of Pilot Rental Initiative Completed with 2,500 Homes Sold The first round of winners has been selected to purchase foreclosed real estate from Freddie Mac and Fannie Mae. The Federal Housing Finance Agency (FHFA) announced today that 2,500 single family homes had been awarded to successful bidders under a pilot initiative to convert real estate acquired by the two government sponsored enterprises (GSE) through foreclosure into rental property. Successful candidates for purchasing properties from the GSE's real estate portfolio (REO) had undergone several... Mortgage Rates Fight To Hold All-Time Lows Ahead Of The Holiday SunTrust Jilted; California's Law and Basel III will NOT Help Mortgage Pricing MBS MID-DAY: Risk-On Trading And Tradeflows Putting Pressure On Bond Markets Profit Per Loan Up Dramatically - Mortgage Banks Focused on Purchase Biz; LO's Not Exempt from OT? The Day Ahead: Limited Data And An Early Close For Bond Markets David H. Stevens Staying at MBA View: Front Page | Headline Viewer Micro News 1:02 PM: Heading Into Weaker Levels. Reprice Risk Increases 11:15 AM: Treasuries Leading The Charge To The Weak Side, MBS Reluctantly Follow 10:10 AM: ECON: Factory Orders Beat Expectations, Durables Revised Higher 9:02 AM: MBS Roughly Unchanged As Shortened Session Begins Slowly 3:54 PM: Falling Into Slightly Weaker Territory After The Treasury Close 3:02 PM: MBS Continue Holding Gains In Quiet Afternoon 10:34 AM: Bond Markets Pop Higher On ISM Data 10:10 AM: ECON: Construction Spending In May Highest Since Dec 2009 »View All Micro News Around the Web What's the Point of Bank 'Living Wills?': Bove US Regulators Release Living Wills for 9 Large Banks FDIC Announces Availability of Public Sections of Resolution Plans Lawrence Yun: Largest Cities In The United States In 1776, And In 2076 TransUnion Study Finds More Than Half of Americans Unhappy With Their Current Debt Situation Home Sales Show Bernanke's Low Rates Gaining Traction: Economy - Bloomberg »View More Around the Web Video News Bank Living Wills Released From FDIC & Fed Barclays Fallout Update Santelli's Morning Bond Update »View More Video News Today's Comments "Pre – Pre ; How about now, this Fannie MAE / HomePath scam is going to kill the market yet again." "Now all we need is for this to happen about 100 more times, and have agents, developers, title companies, and builders involved be prosecuted as well...." "I hear more about money at home in the safe that one ever should....must be something in the water around here but seems like everybody has a few thousand..." »View More Comments Today's Q&A "mortgage impact for heirs - " "Is it uncommon for a lender not to give a buy a copy of the loan approval?" "Adding new husband to my Property Deed" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.71 0.00 15YR 2.98 0.00 FHA30YR 3.62 0.00 Jumbo30YR 4.10 0.01 5/1ARM 2.98 0.00 MBS Quotes 30YR FNMA 3 105-10 -0-05 30YR FNMA 4 106-21 -0-01 30YR FNMA 4 107-14 0-00 30YR FNMA 5 108-10 0-00 Treasuries 2 YR 0.3053 0.0083 3 YR 0.3910 0.0110 5 YR 0.6957 0.0237 7 YR 1.0768 0.0308 10 YR 1.6277 0.0407 30 YR 2.7405 0.0465 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. S&P/Case Shiller 1.28% Mortgage Application -0.83% Mortgage Refinance 0.97% Mortgage Purchase -8.51% Existing Home -1.52% New Home Sales 7.58% 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

Profit Per Loan Up Dramatically; Stevens to Stay at MBA

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings: Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Jul 2, 2012 11:51AM Profit Per Loan Up Dramatically - Mortgage Banks Focused on Purchase Biz; LO's Not Exempt from OT? On July 4th in 1776, the Declaration of Independence was approved by the Continental Congress, setting the 13 colonies on the road to freedom as a sovereign nation. (This year it has turned tomorrow into somewhat of a "get away" day for many.) As always, parades, fireworks and backyard barbecues await. It is estimated by the Census that there were 2.5 million people living in the nation at that point, and now there are 314 million . Check this out, for some non-mortgage news: Reuters reports that... Jul 2, 2012 10:29AM David H. Stevens Staying at MBA Slightly more than a month after it confirmed he was leaving his post as President and CEO, the Mortgage Bankers Association ( MBA ) announced that David H. Stevens would remain at the head of the trade association. Steven's resignation and appointment as president of Sun Trust Mortgage was announced by both MBA and the parent company of his new employer, Sun Trust Bank, on May 30. The announcement came almost simultaneous with Steven's first year anniversary with MBA. In a statement released this... Mortgage Rates Begin July At New All Time Lows MBS RECAP: Benefiting From Weak ISM, Tapering Off Late CoreLogic: Home Prices Show Third Consecutive Monthly Increase MBS MID-DAY: Steady In Stronger Territory Following ISM Proposal to Seize Underwater Mortgages via Eminent Domain not Well Received The Week Ahead: Closed For The 4th, Then Employment Data Galore View: Front Page | Headline Viewer Micro News 3:54 PM: Falling Into Slightly Weaker Territory After The Treasury Close 3:02 PM: MBS Continue Holding Gains In Quiet Afternoon 10:34 AM: Bond Markets Pop Higher On ISM Data 10:10 AM: ECON: Construction Spending In May Highest Since Dec 2009 10:08 AM: ECON: ISM Manufacturing Signals First Contraction Since July 2009 9:47 AM: David H. Stevens to Stay at MBA 9:04 AM: ECON: Markit Manufacturing PMI Weakest Since December 2010 8:43 AM: Bond Markets Begin Week Stronger, Reinforcing Same Old Range »View All Micro News Around the Web Bernanke to Testify Before Congress July 17 Ending Too Big to Fail: The Dallas Fed's Reading List Now this is the mother of all housing bubbles Living Wills: Are Banks Just 'Planning Their Own Demise'? AUDIO: Fannie Mae and Freddie Mac: Turning the American dream into a nightmare OCC Releases CRA Evaluations for 42 National Banks and Federal Savings Associations »View More Around the Web Video News Housing Rebound or Relapse? Santelli: Less ISM Equals Less Optimism Santelli's Morning Bond Update »View More Video News Today's Comments "Pre – Pre ; How about now, this Fannie MAE / HomePath scam is going to kill the market yet again." "Now all we need is for this to happen about 100 more times, and have agents, developers, title companies, and builders involved be prosecuted as well...." "I hear more about money at home in the safe that one ever should....must be something in the water around here but seems like everybody has a few thousand..." »View More Comments Today's Q&A "VA Hybrid arm loan 3/1" "Can a Mortgage lender collect on 10 Year old late fees?" "Relocation for career and documentation" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.71 -0.02 15YR 2.98 -0.02 FHA30YR 3.62 -0.03 Jumbo30YR 4.09 -0.02 5/1ARM 2.98 -0.01 MBS Quotes 30YR FNMA 3 105-14 0-10 30YR FNMA 4 106-22 0-06 30YR FNMA 4 107-14 0-04 30YR FNMA 5 108-10 0-02 Treasuries 2 YR 0.2972 0.0000 3 YR 0.3803 -0.0157 5 YR 0.6719 -0.0441 7 YR 1.0465 -0.0555 10 YR 1.5868 -0.0562 30 YR 2.6940 -0.0600 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. S&P/Case Shiller 1.28% Mortgage Application -0.83% Mortgage Refinance 0.97% Mortgage Purchase -8.51% Existing Home -1.52% New Home Sales 7.58% 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