Daily Newsletter: Home Price Surge to Accelerate Next Month; Rates Wait For Employment Data; HUD Sued over Disparate Impact

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30 Year Fixed 4.37%   +0.02 15 Year Fixed 3.58%   +0.01 10YR Treasury 2.47%   -0.0035 FNMA 30YR 3.5 101.41   -0.20 FNMA 15YR 2.5 103.05   0.00 View Today's Rates

Tuesday July 2, 2013 MND NewsWire - 10:37AM Home Price Surge Will Accelerate Next Month - CoreLogic There is a remarkable degree of agreement among prevalent purveyors of Home Price Indices that prices this spring have risen higher and faster than in any period since early 2006. Joining ... Mortgage Rate Watch - 4:42PM Rate Recovery Levels Off; Waiting on Employment Data Mortgage rates leveled off today , with most lenders roughly in line with yesterday's offerings while others were slightly higher in cost. These were some of the tamest day-over-day ... MND NewsWire - 3:14PM HUD Sued over Disparate Impact; Could Affect CFPB Authority Two insurance industry trade groups, the American Insurance Association and the National Association of Mutual Insurance Companies, whose members sell homeowners insurance, have filed ... MBS Commentary - 7:52AM The Day Ahead: Bowling With Bumpers For One More Day? After a docile session on Monday, Tuesday offers up even less by way of economic data though might make up for some of the calendar shortcomings with slightly fewer vacation-related ... More on Mini-correspondent Trend, Shrinking Margins, Selling Caps; New Freddie Security; Citi Settles with Fannie Fannie Mae to get $948 Million for Misrepresented Citi Loans Housing Recovery Not Reaching All, Harvard Study Says Basel III Vote Tomorrow; More Mini-Corr, Affiliate Relationships, Warehouse Lines, and Brokers Latest Video Ahead of Friday's Jobs Data Santelli's Midday Bond Report Big Apple's Busy Real Estate Market More News from 'Around the Web' Reuters - 3:53PM June jobs report likely to keep Fed tapering on track CNBC - 3:51PM New York's Penthouse Shortage CNBC - 3:50PM Portugal Faces Austerity Uncertainty www.cfpbmonitor.com - 3:49PM CFPB's proposed changes to prohibition on financing credit insurance premiums fall short NY Fed - 1:13PM NY FED's Dudley on National and Regional Economy www.cfpbmonitor.com - 1:09PM More on new disparate impact suit against HUD CNBC - 1:05PM Mortgage Rate Rise Won't Kill Housing: Hovnanian Bloomberg - 11:09AM Nationstar-Serviced Mortgage Bonds to Realize Losses, Fitch Says Federal Reserve - 11:09AM Federal Reserve Board approves final rule to help ensure banks maintain strong capital positions Reuters - 10:18AM Factory orders rise, hint at stability in manufacturing The Big Picture - 10:17AM Housing Affordability Index: Still Worthless Washington Post - 9:58AM Remember what they said the sequester would do? This chart shows what it actually did. NAFCU - 9:55AM Compliance Monitor eyes CFPB mortgage rules CNBC - 9:54AM Fed To Vote on Key Capital Rules For Banks Reuters - 8:36AM Home prices rise by most in seven years in May: CoreLogic Bloomberg - 8:23AM Manhattan Home Prices Climb in Busiest Spring Since 2007 Reuters - 8:21AM Greece has 3 days to deliver or face consequences - EU officials Market Watch - 8:20AM Quirky houses can make lenders nervous Bloomberg - 8:20AM Vatican Bank Directors Resign Amid Financial Scandal Reuters - 8:19AM Stock futures higher as positive momentum persists Today's Comments MND NewsWire - 8:36AM "I believe this is the Feds attempt at reducing demand and encouraging sellers to place their existing homes on the market. The housing supply is the lowest it has been since the early part of this century. Increasing these historically low interest rates will help to stabilize the demand to a degree..." Pipeline Press - 8:58AM "Fed, please throw out Basel´s capital requirements for banks based on perceived risk. These, for no purpose at all, discriminate against "The Risky", in the land of the brave. Use a simple leverage ratio of 8% instead. http://subprimeregulations.blogspot.com/2012/07/complaint-i-presented-to-consumer..." MBS Live Chat - 2:39PM "If someone had a F/C 4 years ago and wants to put down 20% now then can they do it Fannie Mae or is that only 2 years for short sales with 20% or more down?..." MBS Live Chat - 2:42PM "I know with us it's 7 years for foreclosure, 4 years for deed in lieu. I don't think that's an overlay..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.37% +0.02 15 Yr FRM 3.58% +0.01 FHA 30 Year Fixed 4.21% +0.01 Jumbo 30 Year Fixed 4.39% +0.02 5/1 Yr ARM 3.01% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.03% 0.84 +0.07 30 Yr. Fixed 3.77% 1.20 +0.03 MBA ** 30 Yr. Fixed 4.17% 0.41 +0.02 15 Yr. Fixed 3.30% 0.39 -0.02 30 Yr. Jumbo 4.23% 0.34 -0.02 30 Yr. FHA 3.85% 0.22 +0.04 5/1 ARM 2.81% 0.35 +0.03 Freddie Mac ** 30 Yr. Fixed 4.46% 0.80 +0.53 15 Yr. Fixed 3.50% 0.80 +0.46 1 Yr. ARM 2.66% 0.50 +0.09 5/1 Yr. ARM 3.08% 0.70 +0.29 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 97.78 -0.06 30YR FNMA 3.5 101.41 -0.20 30YR GNMA 3.0 99.00 -0.09 30YR GNMA 3.5 102.50 -0.31 15YR FNMA 3.0 103.05 0.00 15YR FNMA 2.5 100.47 -0.06 Treasuries Yield Change 2 YR 0.3513% -0.0040 5 YR 1.3750% -0.0016 10 YR 2.4693% -0.0035 30 YR 3.4738% -0.0009 Prices as of: 7/2/2013 4:30PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Housing Recovery Adding to Bipolarization of Wealth; Mortgage Rate Recovery Continues; Fannie Settles with Citi for $948 Million

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30 Year Fixed 4.35%   -0.06 15 Year Fixed 3.57%   -0.06 10YR Treasury 2.47%   -0.0166 FNMA 30YR 3.5 101.61   +0.17 FNMA 15YR 2.5 103.05   +0.31 View Today's Rates

Monday July 1, 2013 Mortgage Rate Watch - 3:58PM Mortgage Rate Recovery Continues Mortgage rates continued lower today , extending a recovery from recent 2-yr highs that peaked last Monday. Lenders got on board with said recovery at varying rates with some not showing ... MND NewsWire - 2:58PM Housing Recovery Not Reaching All, Harvard Study Says The Joint Center for Housing Studies released its annual State of the Nation's Housing report last week. Key points indicate a housing recovery that it coming on strong for some but ... MND NewsWire - 5:15PM Fannie Mae to get $948 Million for Misrepresented Citi Loans Fannie Mae has agreed to take $968 million as compensation from Citigroup (Citi) for a large group of mortgages the bank was accused of misrepresenting . Some 3.7 million mortgages ... MBS Commentary - 5:11PM MBS RECAP: Very Calm and Moderately Positive MBS Live : MBS Afternoon Market Summary In the context of the past few weeks and months, something feels wrong about today. Nothing is actually wrong (or actually "anything" considering ... Basel III Vote Tomorrow; More Mini-Corr, Affiliate Relationships, Warehouse Lines, and Brokers The Week Ahead: Punctuated by Holiday Market Closures; Busy Wednesday; NFP Friday Do's and Don't's For a Smooth Mortgage Process: Part 5 MBA Compliance Tracking Site; Impound Account Site; State-Level News Rising Mortgage Rates May be Forcing Home Buyers off the Fence: NAR Latest Video Housing: Too Far, Too Fast? Sizing Up Friday's Jobs Report: Pro Why Santelli's Watching Widening Yield Curve More News from 'Around the Web' CNBC - 2:16PM Before Bailing on Bonds, Try These Ideas Instead Bloomberg - 2:14PM Mortgage Bonds Drop Up to 22% in June as Some 2013 Gains Erased - Bloomberg Reuters - 2:12PM PIMCO Total Return Fund falls in June, weakest month since 2008 www.frbsf.org - 2:02PM The Economic Recovery: Past, Present, and Future www.csbs.org - 1:30PM Ten More States to Use Uniform Mortgage Test; 30 States Now Using the Test FHFA - 1:29PM Fannie Mae and Freddie Mac Help More than 2.3 Million Homeowners Keep their Homes Reuters - 12:12PM May construction spending approaches four-year high CNBC - 12:08PM Manufacturing Sector Expands Slightly More Than Expected in June; May Construction Spending Ticks Up www.gallup.com - 9:58AM Consumer Spending Stagnant in June -Gallup Poll Reuters - 9:41AM Citi to pay Fannie $968 million for potential mortgage repurchase claims Fannie Mae - 9:23AM Fannie Mae Statement on Agreement with Citigroup Regarding Repurchase Requests CNBC - 8:21AM Tremors From the Fed's Grand Experiment Reuters - 8:17AM Stock futures indicate positive start to third quarter CNBC - 8:13AM 'Unprecedented' $80 Billion Pulled From Bond Funds Today's Comments MBS Live Chat - 2:16PM "The UST satisfies the state testing requirements for each state that accepts the UST. All you have to do is apply and pay for licensing in each state that accepts the UST once you have passed...." MBS Live Chat - 2:18PM "I get that, but why do state tests even exist now that they are creating a blanket test. For example, if 30 states are on board, are you actually tested on the state-specific laws for all of them? I think not...." MBS Live Chat - 2:19PM "Because, some states (like the important ones in my book) don't accept the UST right now...." MBS Live Chat - 2:21PM "IMO, it makes it easier for us to get licensed in multiple states. Only issue I have is paying for renewals and CE every year and that becomes a daunting task if you have 10 or more states under your belt...." MBS Live Chat - 2:26PM "I just priced out a High Balance at 78% LTV with a 792 score @ 5.5% with no points........does that sound right or is my pricing off??..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.35% -0.06 15 Yr FRM 3.57% -0.06 FHA 30 Year Fixed 4.20% -0.05 Jumbo 30 Year Fixed 4.37% -0.05 5/1 Yr ARM 3.02% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.03% 0.84 +0.07 30 Yr. Fixed 3.77% 1.20 +0.03 MBA ** 30 Yr. Fixed 4.17% 0.41 +0.02 15 Yr. Fixed 3.30% 0.39 -0.02 30 Yr. Jumbo 4.23% 0.34 -0.02 30 Yr. FHA 3.85% 0.22 +0.04 5/1 ARM 2.81% 0.35 +0.03 Freddie Mac ** 30 Yr. Fixed 4.46% 0.80 +0.53 15 Yr. Fixed 3.50% 0.80 +0.46 1 Yr. ARM 2.66% 0.50 +0.09 5/1 Yr. ARM 3.08% 0.70 +0.29 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 97.84 +0.19 30YR FNMA 3.5 101.61 +0.17 30YR GNMA 3.0 99.09 +0.31 30YR GNMA 3.5 102.81 +0.34 15YR FNMA 3.0 103.05 +0.31 15YR FNMA 2.5 100.53 +0.16 Treasuries Yield Change 2 YR 0.3553% -0.0040 5 YR 1.3766% -0.0195 10 YR 2.4728% -0.0166 30 YR 3.4747% -0.0275 Prices as of: 7/1/2013 4:29PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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