What's in a Credit Score? More than You Might Think, and It's Constantly Changing

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Oct 3, 2012 4:47PM What's in a Credit Score? More than You Might Think, and It's Constantly Changing Editor's note : DataQuick®, a provider of advanced real estate information solutions recently announced that Gordon Crawford, Ph.D. had joined their firm as vice president of Analytics. MND doesn't normally note such appointments, but it caught our eye that Crawford who until recently was vice president of Mortgage Research a t Fannie Mae, is an expert on credit scoring performance models and spoke about that topic at a recent Mortgage Bankers Association Risk Conference. He was kind enough speak... Oct 3, 2012 12:25PM Mortgages Being Paid Off At Fastest Pace Since 2005 Mortgages were prepaid at a higher rate in August than at any time since 2005 according to the August Mortgage Monitor report issued by Lender Processing Services (LPS) on Wednesday. Prepayments are usually an indicator of home refinancing and the prepayments in August were higher even than those seen in the " mini-refinance waves " of both 2009 and 2010. LPS Applied Analytics Senior Vice President Herb Blecher said that the impact of the prepayment increase has been both pronounced and broad based... Mortgage Rates Hold Steady As Employment Report Looms MBS RECAP: Insignificant Notes In A Larger Symphony Flagstar's Leadership Change; Big Lawsuits and Settlements; Private MI News; Lock Desks Busy! Refinancing Level at Three Year High on Record Low Rates MBS MID-DAY: Gradual Move Weaker Throughout Morning Investors Complete Purchases in First Round of FHFA Distressed Property Sales View: Front Page | Headline Viewer Micro News 1:12 PM: Ongoing Negative Reprice Risk 11:29 AM: MBS At Session Lows, Slightly Increasing Negative Reprice Risk 10:07 AM: ECON: ISM Non-Manufacturing Better-Than-Expected, But Employment Declines 9:35 AM: Bond Markets Weakening Slightly Into Domestic Hours 8:28 AM: ECON: ADP Private Payrolls Higher Than Expected, Previous Month Revised Lower 4:13 PM: Fannie Mae Selling Guide Updates (SEL-2012-10) 2:43 PM: Low Volume Grind To Day's Best Levels. Positive Reprices Reported 9:25 AM: MBS Turn Green On Data-Free Morning, Treasuries Slighty Weaker »View All Micro News Around the Web PHOTOS: Scenes From The American Housing Crisis Oklahoma Department of Banking announces participation in NMLS Freddie Mac: Updates to Performance Measurements, Violations, and Remedies Freddie Mac: New Servicing Remedies and Compensatory Fees Fiscal-Cliff Agreement Won't End Risk, Roubini Says: Tom Keene - Businessweek Homebuilders rise as market continues recovery - Businessweek »View More Around the Web Video News Home Refi Boom Santelli's Midday Bond Report Santelli's Morning Bond Update »View More Video News Today's Comments "From Thomson Reuters. You can request more information about that at the "LEARN MORE" link at the top of the screen in the "SECONDARY MARKETING..." "Where would I be able to find the live data for the blue line (MBS Yield) in the graph above?" "RE: "Yes, that's right - one part of the government issues them, and another part buys them". Ludicrous is right, especially when we taxpayers..." »View More Comments Today's Q&A "Seller's Concession and PMI" "Assuming a VA mortgage -- can the buyer purchase the property as a vacation home" "They say there are no comp sales for me to get fixed rate" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.30 -0.01 15YR 2.75 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.80 -0.01 5/1ARM 3.00 0.00 MBS Quotes 30YR FNMA 3 107-08 -0-06 30YR FNMA 4 107-23 -0-02 30YR FNMA 4 108-11 0-04 30YR FNMA 5 109-03 0-04 Treasuries 2 YR 0.2342 -0.0038 3 YR 0.3033 -0.0057 5 YR 0.6027 -0.0123 7 YR 1.0209 -0.0161 10 YR 1.6163 -0.0037 30 YR 2.8183 0.0033 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application 16.60% Mortgage Refinance 37.20% Mortgage Purchase 3.85% Construction -0.59% Pending Home -2.65% New Home Sales -0.27% 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

Unintended Consequences - Can Home Loan Rates Go to 0%? (Hint: Nope)

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Oct 2, 2012 10:54AM Unintended Consequences - Can Home Loan Rates Go to 0%? (Hint: Nope) Funders and government workers (not the same!) know that next Monday is a holiday for many. October - it has Halloween! Wasn't it just the 4th of July? Halloween dates back to Celtic rituals thousands of years ago, but in 29 days we'll have roughly 41 million children hitting the streets trick-or-treating. That's how many children age 5 to 14 there are in the U.S., per the Census Bureau. (Apparently when they reach the age of 15, kids are handed a carton of eggs or several rolls of toilet paper.... Oct 2, 2012 1:25PM Monitor Reminds Servicers of Today's Deadline for Compliance with Settlement Standards The monitor in charge of the $25 billion National Mortgage Settlement reminded the five participating servicers as well as the public that today marks the deadline for an important settlement component. As of today, the banks are required to be in full compliance with the agreement's 304 servicing standards that guide their interaction with customers. Joseph A. Smith, Jr. , released the following statement. "Today is the 180th day since the entry of the consent judgments comprising the National Mortgage... MBS RECAP: Another Steady Grind To Higher Prices Mortgage Rates Edge Slightly Lower Ahead Of Employment Reports Home Prices up in August, Sharper Increase Predicted for September JP Morgan Sued over Bear Stearns RMBS Activity MBS MID-DAY: Quiet Overnight, Quiet Morning, MBS On Top Fed Study Points to Wisdom of Further HARP Enhancements View: Front Page | Headline Viewer Micro News 4:13 PM: Fannie Mae Selling Guide Updates (SEL-2012-10) 2:43 PM: Low Volume Grind To Day's Best Levels. Positive Reprices Reported 9:25 AM: MBS Turn Green On Data-Free Morning, Treasuries Slighty Weaker 1:13 PM: MBS At Highs Of The Day, Helped Along By Bernanke, Headlines 1:02 PM: Fiscal Cliff A Risk To Global Growth, Europe To Tell G7 10:18 AM: ECON: Construction Spending Weaker Than Expected 10:10 AM: Markets Move "Risk-On" Following Stronger ISM Numbers 10:03 AM: ECON: ISM Manufacturing Signals Expansion For 1st Time Since May »View All Micro News Around the Web CIFG Sues Greenpoint Over $277 Million in Mortgage Loans Fed Sees Demand Rise for Residential Mortgage Bond Financing Banks Should Leave New York Due to 'Constant Hostility': Bove Expect More Lawsuits Against Financial Firms: NY AG CitiMortgage CEO on Tight Credit: 'There's Nothing Wrong with People Making Profits' FICO: No Shortcuts to Objectivity »View More Around the Web Video News Treasury's Brainard on Outlook for Europe Bair: I Hope the Taskforce Focuses on Individual Wrongdoers JPMorgan Lawsuit a `Big Yawn,' Cohan Says »View More Video News Today's Comments "Now that was the most enlightening thing I have seen in a long time. You can't imagine how many times, and how much time I have spent separating whites..." "So the 3.8% is not a sales tax, it is a 3.8% capital gains tax for wealthy people...which, is still a tax, right? A myth generally infers there is no truth..." "It is remarkable how little vision there is from the Romney campaign on housing. I didn't vote for the incumbent President, but I can say if the only..." »View More Comments Today's Q&A "Assuming a VA mortgage -- can the buyer purchase the property as a vacation home" "They say there are no comp sales for me to get fixed rate" "I am in bankrupcy and would like to refinance to lower interest rate" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.31 -0.02 15YR 2.75 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.81 -0.02 5/1ARM 3.00 -0.01 MBS Quotes 30YR FNMA 3 107-14 0-02 30YR FNMA 4 107-25 -0-01 30YR FNMA 4 108-08 -0-01 30YR FNMA 5 108-32 -0-02 Treasuries 2 YR 0.2382 0.0002 3 YR 0.3086 0.0006 5 YR 0.6154 0.0004 7 YR 1.0372 -0.0018 10 YR 1.6198 0.0018 30 YR 2.8152 0.0022 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Construction -0.59% Pending Home -2.65% Mortgage Application 2.76% Mortgage Refinance -9.94% Mortgage Purchase 0.70% New Home Sales -0.27% 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

Fed Study Points to Wisdom of Further HARP Enhancements

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Sep 28, 2012 10:23AM Fed Study Points to Wisdom of Further HARP Enhancements Economists have been debating the value versus risk of expanded refinancing opportunities since the early days of the housing crisis. Proponents argue that refinancing would free up homeowner money for spending elsewhere to the benefit of the economy, opponents fear that since the Federal Housing Administration and the government sponsored enterprises (GSEs) are realistically the only source of refinancing currently available, any risk inherent in refinancing will disproportionately fall the government... Oct 1, 2012 9:43AM CFPB Update on Credit Reporting; NMLS Changes for LO's; USDA Rural News; Non-depositories Continue to Buy Servicing This one from an AE in a "red state": Q: Do you know what the difference is between conservatives and progressives? A: About $16 trillion! Trillions - kind of like the money that Taylor Swift makes every time she breaks up with a guy during lunch, and then mints a hit song about it by dinner time. Seriously, within the Commerce Department, the Bureau of Economic Analysis announced Friday that "Personal income increased $15.0 billion, or .1%...and Personal consumption expenditures (PCE) increased... Mortgage Rates Begin The Week In Slightly Better Territory NMLS Revises Reporting System; Conveys more Disciplinary, Credit Info MBS RECAP: Started Strong, Ended Stronger Residential Construction Bucked Spending Trend in August MBS MID-DAY: Holding Gains Despite Stronger ISM Data The Week Ahead: Manufacturing Data, FOMC Minutes, And Employment Situation View: Front Page | Headline Viewer Micro News 1:13 PM: MBS At Highs Of The Day, Helped Along By Bernanke, Headlines 1:02 PM: Fiscal Cliff A Risk To Global Growth, Europe To Tell G7 10:18 AM: ECON: Construction Spending Weaker Than Expected 10:10 AM: Markets Move "Risk-On" Following Stronger ISM Numbers 10:03 AM: ECON: ISM Manufacturing Signals Expansion For 1st Time Since May 9:28 AM: Bond Markets In Slightly Better Shape After Mixed Performance Overnight 9:07 AM: ECON: PMI At 3yr Low In Sep, Indicating Only Modest Expansion 2:41 PM: MBS Bounce Back In Late-Day Flurry Of Activity »View All Micro News Around the Web OCC Releases CRA Evaluations for 31 National Banks and Federal Savings Associations New York Fed Study Examines Job Polarization and Rising Wage Inequality NAR: Residential Sales to Investors is 18% of Residential Market Ex-IndyMac CEO Michael Perry Settles With SEC for $80000 Exclusive: Spain ready for bailout, Germany signals "wait"- sources The Fed: Bernanke takes on critics of QE3 »View More Around the Web Video News Bernanke Takes Questions About Economy, Fed Policy Santelli's Midday Bond Report Fed's Evans: We Need to Focus on Dual Mandate »View More Video News Today's Comments "Now that was the most enlightening thing I have seen in a long time. You can't imagine how many times, and how much time I have spent separating whites..." "So the 3.8% is not a sales tax, it is a 3.8% capital gains tax for wealthy people...which, is still a tax, right? A myth generally infers there is no truth..." "It is remarkable how little vision there is from the Romney campaign on housing. I didn't vote for the incumbent President, but I can say if the only..." »View More Comments Today's Q&A "They say there are no comp sales for me to get fixed rate" "I am in bankrupcy and would like to refinance to lower interest rate" "House is appraised more than it is selling for, can I get a 203K Rehab loan? " »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.33 -0.02 15YR 2.75 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.83 -0.01 5/1ARM 3.01 -0.01 MBS Quotes 30YR FNMA 3 107-12 0-05 30YR FNMA 4 107-25 0-01 30YR FNMA 4 108-08 0-00 30YR FNMA 5 109-02 -0-01 Treasuries 2 YR 0.2382 0.0042 3 YR 0.3085 0.0025 5 YR 0.6155 -0.0095 7 YR 1.0395 -0.0115 10 YR 1.6181 -0.0149 30 YR 2.8128 -0.0102 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Construction -0.59% Pending Home -2.65% Mortgage Application 2.76% Mortgage Refinance -9.94% Mortgage Purchase 0.70% New Home Sales -0.27% 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