DeMarco: Guarantee Fees will Continue Gradual Rise

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Sep 11, 2012 1:51PM DeMarco: Guarantee Fees will Continue Gradual Rise Guarantee fees (G-fees) are likely to continue the pattern of gradual increases initiated since Freddie Mac and Fannie Mae were placed in conservatorship. Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency told an audience at the American Mortgage Conference in Raleigh, North Carolina yesterday that the steady increases, over time, should gradually reduce taxpayers' risk from the financial support they provide to the two government sponsored enterprises (GSEs). Risk, however... Sep 11, 2012 3:40PM House Passes FHA Fiscal Solvency Act The House passed the Federal Housing Administration Fiscal Solvency Act Tuesday by a vote of 407 to 7. The act, as introduced by Representative Judy Biggart (R-IL) authorizes the Department of Housing and Urban Development (HUD) to establish and collect additional annual premium payments for the first 11 years of the term of an insured mortgage in an amount between 0.55 percent and 2 percent of the remaining insured principal balance for certain periods. It also increases for 1.55 percent to 2.05... Senators Reintroduce Bill to Expand HARP to Homeowners with Equity Mortgage Rates Flat To Slightly Higher Ahead Of Week's Major Events MBS RECAP: Choppy And Slightly Weaker Ahead Of Big Ticket Events Revamped Repurchase Plan; Thoughts on Importance of QC; Agency Updates MBS MID-DAY: On The Ropes Despite Lack Of Fundamental Motivation FHFA Seeks to Clarify Repurchase Exposure with New Rules for Reps and Warranties View: Front Page | Headline Viewer Micro News 1:07 PM: Treasuries, MBS Pull Back From Earlier Weakness, Back In Line WIth AM Levels 12:57 PM: ECB's Asmussen Reinforces Importance Of Conditionality For Bond Buying 11:12 AM: MBS, Treasuries Weaker After Fed Buyback. Negative Reprice Risk Increasing 9:09 AM: Bond Markets Open In Slightly Negative Territory 8:43 AM: ECON: Trade Gap Widens Less Than Expected; Record High With China 4:15 PM: MBS And Treasuries Both Back In The Green As Stocks Slide 1:27 PM: MBS Near Lows OF The Day. Slightly Increased Negative Reprice Risk 9:54 AM: One Of This Week's Big-Ticket Events Potentially Delayed »View All Micro News Around the Web ResCap's exclusive right to bankruptcy plan extended to December 20 Mortgage Putback Threat Reduced for Lenders Under New Rules Regulator Claims New Rules Will Loosen Mortgage Lending ECB bond plan no substitute for government reforms: Asmussen Freddie Mac: A New Approach to Fostering Mortgage Quality Euro Will Not Collapse: Deutsche Bank Co-CEO »View More Around the Web Video News JPMorgan CEO: US Banks Still Strongest in World Imprisoned Whistleblower Receives $104 Million From US Government U.S. Housing Bounce May Be Transitory, Hunter Says »View More Video News Today's Comments "I am all for charity and helping others. But to foreclose on someone and then give it away just seems odd. Hopefully the homes they are giving away were..." "all we have to do is find 1000 more companies like AIG to bailout and we could pay off the national debt." "Well, there should be some consequences if you dump the deficiency on the lender. If you sign a promissory note and did not skip mortgage payments, they..." »View More Comments Today's Q&A "How long should it take a lender to complete a one time closing construction loan?" "Should I refinance this commerical loan?" "second lienholder forecloses against home co-owned by brothers" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.63 0.01 15YR 2.94 0.01 FHA30YR 3.55 0.01 Jumbo30YR 4.20 0.01 5/1ARM 3.00 0.00 MBS Quotes 30YR FNMA 3 105-31 -0-01 30YR FNMA 4 106-30 -0-06 30YR FNMA 4 107-26 -0-07 30YR FNMA 5 109-07 -0-02 Treasuries 2 YR 0.2500 0.0000 3 YR 0.3252 0.0032 5 YR 0.6634 0.0244 7 YR 1.1192 0.0402 10 YR 1.7005 0.0465 30 YR 2.8529 0.0469 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Home Vacancy -4.55% Homeownership -0.15% Existing Home -0.80% New Home Prices -1.39% FHFA Home Price 0.68% Construction -0.93% 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

Negative Equity Continues Sharing High Correlation With Delinquencies

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Sep 10, 2012 3:06PM Negative Equity Continues Sharing High Correlation With Delinquencies Delinquencies declined 1.6 percent from June to July resulting in a mortgage loan delinquency rate of 7.03 percent and pre-sale foreclosure inventory was down 0.2 percent to 4.08 percent according to the Mortgage Monitor report from Lender Processing Services. At the same time, foreclosure starts rose 7.1 percent to 185,811 from 173,556 in June but starts were down 10.5 percent from the 207,539 foreclosure starts in July 2011. Starts are outnumbering sales and 90+ day liquidations by a factor of... Sep 10, 2012 10:11AM SIFMA Slams Eminent Domain "Scheme" in Letter to FHFA The Securities Industry and Financial Markets Association ( SIFMA ) joined by 25 other trade associations has fired another salvo in the mortgage eminent domain fight that originated in California in June. The 26 organizations sent a letter Friday to the Federal Housing Finance Agency in response to their requests for comments on its own statement strongly opposing the eminent domain proposals. Briefly, the cities of Chicago and Berkley California have followed in the footsteps of San Bernardino... Mortgage Rates Moderately Higher To Begin The Week MBS RECAP: Some Late Day Redemption As MBS, Treasuries Get Back To Green List of Improving Housing Markets Expands to 99 in September New CFPB Exam Procedure; States and NMLS Expansion; Do Rates Correlate Directly to Production? Consumer Sentiment On Housing Improves Despite Broader Economic Concerns MBS MID-DAY: Quietly Higher, Outperforming Treasuries View: Front Page | Headline Viewer Micro News 4:15 PM: MBS And Treasuries Both Back In The Green As Stocks Slide 1:27 PM: MBS Near Lows OF The Day. Slightly Increased Negative Reprice Risk 9:54 AM: One Of This Week's Big-Ticket Events Potentially Delayed 9:11 AM: Bond Markets Mixed To Begin Week, Unencumbered By Data Today 12:50 PM: Leakage Continues Unfortunately Adding To Reprice Risk 10:33 AM: Bond Markets Add Slightly To Earlier Gains, Possible Resistance Now 8:41 AM: ECON: NFP MISSES BIG. BOND MARKETS REVERSE EARLIER WEAKNESS 2:04 PM: Surprisingly Narrow Range Following Morning Weakness »View All Micro News Around the Web Regulator Vows New Rules to Repair Mortgage Markets Menendez, Boxer Urge Republicans to Join Them to Help Responsible Homeowners Refinance Fannie Mae regulator to clarify when it won't sue Monti: EU Must Deal With Political Backlash Against Euro Fannie Mae Sale of Florida Foreclosures Gets 96% of Value U.S. housing market recovering but price rises seen modest: Reuters Poll »View More Around the Web Video News 90 Seconds with Art Cashin: People Are Worried About Spain Fannie Mae Closes First REO Bulk Deal Government Sheds AIG Shares »View More Video News Today's Comments "I am all for charity and helping others. But to foreclose on someone and then give it away just seems odd. Hopefully the homes they are giving away were..." "all we have to do is find 1000 more companies like AIG to bailout and we could pay off the national debt." "Well, there should be some consequences if you dump the deficiency on the lender. If you sign a promissory note and did not skip mortgage payments, they..." »View More Comments Today's Q&A "How many Mortgage Credits runs are possible before affecting score" "arms length affidavit when sellers want us to buy their funiture, separate from purchase?" "who owns my mortgage" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.62 0.04 15YR 2.93 0.04 FHA30YR 3.54 0.05 Jumbo30YR 4.19 0.04 5/1ARM 3.00 0.03 MBS Quotes 30YR FNMA 3 105-32 0-01 30YR FNMA 4 107-04 0-00 30YR FNMA 4 108-01 -0-03 30YR FNMA 5 109-09 -0-01 Treasuries 2 YR 0.2500 -0.0040 3 YR 0.3225 -0.0055 5 YR 0.6394 -0.0046 7 YR 1.0793 -0.0097 10 YR 1.6541 -0.0139 30 YR 2.8057 -0.0153 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Home Vacancy -4.55% Homeownership -0.15% Existing Home -0.80% New Home Prices -1.39% FHFA Home Price 0.68% Construction -0.93% 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

Increased Flexibility Helps HARP 2.0; Rates Lower After Weak Jobs Report

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Sep 7, 2012 1:59PM Increased Flexibility Helps HARP 2.0 Stay On Track, But Low Rates do the Heavy Lifting The Home Affordable Refinance Program ( HARP ) hit what its sponsoring agency considered a milestone in July, with a total of 519,000 loans refinanced through the program since the beginning of the year. The Federal Housing Finance Agency (FHFA) released its July Refinance Report on Friday and said that the continued high level of HARP loans was due to a combination of record-low interest rates and the enhancements announced to HARP last year. Freddie Mac and Fannie Mae refinanced a total of 356... Sep 7, 2012 1:41PM Mortgage Rates Move Lower After Jobs Report Mortgage rates moved strongly lower today regaining the territory lost after yesterday's disconcerting move higher. On average, this leaves rates at or near their best levels of the week, which for many lenders, are also the best levels since early August. We speak about "rates" themselves moving higher or lower when in fact, it is merely the costs associated with rates . The actual interest rate quoted for a particular scenario is likely to have been the same all week long whereas the costs have... Romney Housing Plan; Thoughts on Q4 Mortgage Profits; Price Appreciation to Defeat Eminent Domain? MBS MID-DAY: Inconsequential, Slow, Low-Volume Leakage Fed Study Indicates Benefits from Speeding Foreclosure Process ABA Summarizes Pending Mortgage Reform into 2013, "Critical to Lenders" The Day Ahead: All Eyes On NFP Mortgage Rates Rise At A Decent Pace Ahead Of Jobs Report View: Front Page | Headline Viewer Micro News 12:50 PM: Leakage Continues Unfortunately Adding To Reprice Risk 10:33 AM: Bond Markets Add Slightly To Earlier Gains, Possible Resistance Now 8:41 AM: ECON: NFP MISSES BIG. BOND MARKETS REVERSE EARLIER WEAKNESS 2:04 PM: Surprisingly Narrow Range Following Morning Weakness 10:31 AM: Treasuries at New Highs, MBS On The Ropes 10:05 AM: ECON: ISM Services Sector Report Stronger Than Expected 9:27 AM: Bond Markets At Weakest Levels Following Data, Draghi 8:36 AM: ECON: Jobless Claims Slightly Lower Than Expected »View All Micro News Around the Web Goldman Sachs Sued Over Mortgage Bonds Merkel defends ECB after German outcry How Paul Volcker Misread Fannie Mae Mortgage-Bond Spreads Fall to Five-Year Low on Bets Fed Will Buy NAR: Latest Housing Affordability Index SIFMA: Eminent Domain Will Cause Irreparable Damage to Recovering Housing Market »View More Around the Web Video News Santelli: Labor Participation Rate Lowest Since 1981 Ryan: We Can't Rely on Fed Bailouts Schumer: Dodd-Frank Was Necessary »View More Video News Today's Comments "I am all for charity and helping others. But to foreclose on someone and then give it away just seems odd. Hopefully the homes they are giving away were..." "all we have to do is find 1000 more companies like AIG to bailout and we could pay off the national debt." "Well, there should be some consequences if you dump the deficiency on the lender. If you sign a promissory note and did not skip mortgage payments, they..." »View More Comments Today's Q&A "who owns my mortgage" "Does purchaser have right to see creditor's appraisals on short sale house?" "Does anybody know the current buyup/buydown ratios for GSE MBS?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.58 -0.07 15YR 2.89 -0.05 FHA30YR 3.49 -0.06 Jumbo30YR 4.15 -0.06 5/1ARM 2.97 -0.02 MBS Quotes 30YR FNMA 3 105-31 0-10 30YR FNMA 4 107-04 0-04 30YR FNMA 4 108-04 0-02 30YR FNMA 5 109-11 -0-02 Treasuries 2 YR 0.2540 -0.0080 3 YR 0.3278 -0.0162 5 YR 0.6458 -0.0302 7 YR 1.0957 -0.0213 10 YR 1.6695 -0.0065 30 YR 2.8245 0.0275 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Home Vacancy -4.55% Homeownership -0.15% Existing Home -0.80% New Home Prices -1.39% FHFA Home Price 0.68% Construction -0.93% 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