Daily Newsletter: Mortgage Rates Continue Lower; Shadow Inventory Below 2 mln units; MBA's New Credit Index Debuts; Rising Cost of Compliance

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30 Year Fixed 4.55%   -0.08 15 Year Fixed 3.73%   -0.02 10YR Treasury 2.64%   -0.0036 FNMA 30YR 3.5 100.17   +0.28 FNMA 15YR 2.5 102.27   +0.13 View Today's Rates

Tuesday July 9, 2013 Mortgage Rate Watch - 4:56PM Mortgage Rates Continue Lower Ahead of Fed Minutes Mortgage rates logged a second day of solid improvements following Friday's frantic move higher. By the end of the day, rates had recovered more than half of ground lost on Friday. ... MND NewsWire - 11:01AM Shadow Inventory Drops Below 2 Million Units, Valued at $314B CoreLogic said today that completed foreclosures ticked up slightly in May compared to April, but the number of homes in process of foreclosure, the foreclosure inventory , was down ... MND NewsWire - 10:48AM Mortgage Credit Eased Slightly in June MBA Says The Mortgage Bankers Association (MBA) and AllRegs® has released the second monthly edition of their new Mortgage Credit Availability Index (MCAI) . The Index, first published by ... Pipeline Press - 1:56PM Rising Cost of Compliance; Falling Volumes; Measurement is the First Step Toward Improving Efficiency Here in San Francisco at the CMBA's Western Secondary conference , someone reminded me of my April 1 (April Fools) edition three months ago. "The MBA came out with a revised production ... MBS MID-DAY: Mortgages Outperform as Treasuries Weigh Auction Needs Dodd-Frank Mortgage Rules Readiness Guide -CFPB Rising Prices, Rates Could Force Some Buyers off Fence Improving Markets List Shrinks; Mortgage Rates 'Very Favorable' Biggest Drop for Mortgage Delinquencies Since 2002 Regulators Double Leverage Ratio Requirement For Large Banks Latest Video Rising Rates Spark Mortgage Fears Housing Finance Reform with Sen. Bob Corker How New Capital Requirements Impact Banks More News from 'Around the Web' CNBC - 5:43PM Another Fund Sues Over Fannie, Freddie WSJ - 4:10PM Fed Looks at More Than Jobs Report for Labor Market Clues Reuters - 4:07PM Regulator sued for blocking payments to low-income housing fund CNBC - 3:52PM How the Mortgage Interest Deduction Could Change WSJ - 2:34PM Still Not Enough People Willing to Quit Jobs business.time.com - 2:34PM S&P Downgrades Italy's Credit on Weak Prospects www.cfpbmonitor.com - 2:31PM CFPB issues final 2014 list of rural or underserved counties Bloomberg - 2:31PM Fannie Mae Said to Plan $1 Billion Sale of Home Mortgage Bonds - Bloomberg Bloomberg - 2:30PM Nomura Plans Its First US Mortgage Debt Since Financial Crisis - Bloomberg House Financial Services - 2:27PM CFPB Collecting Confidential Financial Information on Millions of Americans CNBC - 2:27PM We're Not Done Buying Real Estate, Blackstone Says CNBC - 2:27PM Former Fed Governor: Velocity of Money Meaningless Google News - 11:55AM NAR Survey of Generational Trends Shows Younger Buyers More Optimistic Reuters - 11:53AM Judge tentatively lets U.S. pursue fraud lawsuit versus S&P OCC - 11:49AM OCC Approves Final Rule on Regulatory Capital; Proposes Doubling Leverage Ratio for the Largest Banks Reuters - 10:15AM U.S. bank regulators propose 6 percent leverage ratio CNBC - 10:14AM Fannie and Freddie Fight: Hedge Funds vs. Treasury Today's Comments MBS Live Chat - 1:33PM "Is there a website that is a good resource for VA eligibility and funding fees?..." MBS Live Chat - 1:35PM "tim, here is a link to the VA Lender's Handbook, I would bookmark it: http://www.benefits.va.gov/warms/pam26_7.asp..." MBS Live Chat - 1:32PM "RTRS - S&P LOWERS ITALY SOVEREIGN CREDIT RATING TO BBB FROM BBB+..." MBS Live Chat - 4:06PM "MND is #1 - no argument there..." MBS Live Chat - 4:38PM "MG, I've been on MND and MBSLive a month now and it's worth every penny...." MBS Live Chat - 4:52PM "well Steve, you have heard everyone's 2 cents, you learned more than you ever thought would regarding mortgages and the mortgage rate world, and you have an idea on what you could gain or could lose by floating or locking. what ever decision you make will be a well educated one..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.55% -0.08 15 Yr FRM 3.73% -0.02 FHA 30 Year Fixed 4.39% -0.06 Jumbo 30 Year Fixed 4.65% -0.08 5/1 Yr ARM 3.18% -0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.58% 0.43 +0.12 15 Yr. Fixed 3.64% 0.44 +0.09 30 Yr. Jumbo 4.68% 0.38 +0.16 30 Yr. FHA 4.27% 0.44 +0.07 5/1 ARM 3.33% 0.31 +0.27 Freddie Mac ** 30 Yr. Fixed 4.29% 0.70 -0.17 15 Yr. Fixed 3.39% 0.70 -0.11 1 Yr. ARM 2.66% 0.40 +0.00 5/1 Yr. ARM 3.10% 0.70 +0.02 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 96.19 +0.25 30YR FNMA 3.5 100.17 +0.28 30YR GNMA 3.0 97.19 +0.38 30YR GNMA 3.5 101.13 +0.42 15YR FNMA 3.0 102.27 +0.13 15YR FNMA 2.5 99.30 +0.14 Treasuries Yield Change 2 YR 0.3710% +0.0079 5 YR 1.4960% -0.0115 10 YR 2.6377% -0.0036 30 YR 3.6467% +0.0057 Prices as of: 7/9/2013 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: Half of Friday's MBS Losses Recovered; Rates Bounce Back; CFPB Rules Readiness Guide

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30 Year Fixed 4.63%   -0.10 15 Year Fixed 3.75%   -0.08 10YR Treasury 2.64%   -0.0892 FNMA 30YR 3.5 99.89   +0.94 FNMA 15YR 2.5 102.14   +0.59 View Today's Rates

Monday July 8, 2013 MBS Commentary - 5:04PM MBS RECAP: Half of Friday's Losses Recovered MBS Live : MBS Afternoon Market Summary On a trading day with no meaningful data or events, bond markets went calmly about their business--picked up at least half the pieces from Friday ... Mortgage Rate Watch - 5:21PM Mortgage Rates Bounce Back Modestly Mortgage rates recovered roughly one third of the ground lost on Friday, though this varies from lender to lender. For the sake of perspective, today's improvement was one of the 3 ... MND NewsWire - 2:34PM Dodd-Frank Mortgage Rules Readiness Guide -CFPB The Consumer Financial Protection Bureau's (CFPB's) Dodd-Frank Mortgage Rules Readiness Guide is now available to assist lending institutions evaluate whether they are ready for the ... MND NewsWire - 1:41PM Rising Prices, Rates Could Force Some Buyers off Fence Americans participating in Fannie Mae's National Housing Survey were apparently not caught unawares by the recent spike in mortgage interest rates. The share of those participating ... Improving Markets List Shrinks; Mortgage Rates 'Very Favorable' Biggest Drop for Mortgage Delinquencies Since 2002 The MBA's Work on APOR and Margin Best Practices; Lawsuits; Return of Long Locks MBS MID-DAY: Friday PM Weakness Erased; AM Weakness, Not so Much The Week Ahead: FOMC Minutes And Treasury Auctions Do's and Don't's For a Smooth Mortgage Process: Part 6 Among The Worst Days in Mortgage Rate History Steepest Losses in Modern MBS History CFPB Update; Investor Updates - Time to Sell Stock? Rates Rise on Unemployment Data Latest Video Rising Home Prices Help Borrowers Santelli's Midday Bond Report Higher Rates Hamper Housing Recovery? More News from 'Around the Web' Bloomberg - 6:35PM Valley National Bank CEO Lipkin Elected New York Fed Director CNBC - 4:31PM FDIC to Tighten Capital Screws on Banks CNBC - 4:27PM U.S. Consumer Credit Up $19.6 Billion to $2.8 Trillion in May, Biggest Increase in a Year Bloomberg - 2:42PM Fed Says a Few Dealers Report Deterioration in MBS Market - Bloomberg Bloomberg - 2:00PM Fed Taper Would Swap Stimulus for U.S. Market Stability: Economy - Bloomberg CNBC - 1:41PM No Bubble-Like Housing Boom Now: Former Pulte CEO FHFA - 12:40PM FHFA: Refinance Volume Remains High In April Due to Low Interest Rates www.treasury.gov - 10:52AM System Taking Shape to Assign IDs for Financial Market Participants www.lpsvcs.com - 10:40AM LPS' May Mortgage Monitor: Largest Year-to-Date Drop in Delinquencies in 11 Years NAHB - 10:25AM 255 Metros Listed as Improving Housing Markets in July CNN - 8:41AM Chinese buyers flood U.S. housing market Today's Comments MBS Commentary - 2:40PM "How about "Friday, bloody Friday"?..." MBS Live Chat - 2:12PM "REPRICE : 2:12 PM - Stearns Lending Better..." MBS Live Chat - 2:11PM "REPRICE : 2:11 PM - Chase Better..." MBS Live Chat - 2:04PM "REPRICE : 2:04 PM - Wells Fargo (retail) Better..." MBS Live Chat - 12:16PM "80% of my business is new construction and i'm already having to restructure deals due to DTI..." MBS Live Chat - 10:43AM "which fannie 30yr coupon are we watching 4.0 or 4.5?..." MBS Live Chat - 10:43AM "4.0s..." MBS Commentary - 12:41AM "Floaters' Farewell Friday; End of an Era Friday; Formerly a Loan Officer Friday...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.63% -0.10 15 Yr FRM 3.75% -0.08 FHA 30 Year Fixed 4.45% -0.11 Jumbo 30 Year Fixed 4.73% -0.05 5/1 Yr ARM 3.22% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.58% 0.43 +0.12 15 Yr. Fixed 3.64% 0.44 +0.09 30 Yr. Jumbo 4.68% 0.38 +0.16 30 Yr. FHA 4.27% 0.44 +0.07 5/1 ARM 3.33% 0.31 +0.27 Freddie Mac ** 30 Yr. Fixed 4.29% 0.70 -0.17 15 Yr. Fixed 3.39% 0.70 -0.11 1 Yr. ARM 2.66% 0.40 +0.00 5/1 Yr. ARM 3.10% 0.70 +0.02 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 95.94 +1.02 30YR FNMA 3.5 99.89 +0.94 30YR GNMA 3.0 96.81 +1.17 30YR GNMA 3.5 100.70 +1.16 15YR FNMA 3.0 102.14 +0.59 15YR FNMA 2.5 99.16 +0.73 Treasuries Yield Change 2 YR 0.3631% -0.0357 5 YR 1.5075% -0.0986 10 YR 2.6413% -0.0892 30 YR 3.6410% -0.0623 Prices as of: 7/8/2013 4:32PM 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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