Daily Newsletter: Mortgage Rates End 2-Day Streak; HUD Not Making The Grade; Home Equity Gains May Decelerate From Here; Eminent Domain Won't Die

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30 Year Fixed 4.74%   +0.05 15 Year Fixed 3.80%   +0.03 10YR Treasury 2.97%   +0.0561 FNMA 30YR 3.5 98.69   -0.45 FNMA 15YR 2.5 101.44   -0.17 View Today's Rates

Tuesday September 10, 2013 Mortgage Rate Watch - 6:56PM Mortgage Rates Higher, Ending 2-Day Winning Streak Mortgage rates bounced back toward recent highs today, ending a fairly healthy two-day move lower after last Thursday saw the highest rates in more than 2 years. Today's rise in rates ... MND NewsWire - 7:46PM HUD Report Card in 2 Words: Needs Improvement HUD is struggling to make the grade, regardless of potentially valid excuses. That's the short version. The longer version in today's testimony from David A. Montoya, Inspector General ... MND NewsWire - 1:19PM CoreLogic Confirms Improving Equity Picture, but Pace may Change While they don't agree on the numbers or use the same timeframes, the two reports on underwater mortgages released in the last week do conclude that homeowners are rapidly recapturing ... MND NewsWire - 10:34AM Housing Groups File in Support of Richmond and Eminent Domain Several fair housing and civil rights groups have come to the side of the City of Richmond, California as it attempts to use its power of eminent domain to buy and modify underwater ... Thoughts on Purchase Biz; Gritty Predictions from Wells & Chase; SEC QRM Comment Site MBS RECAP: What Does Verizon Have to do with the Mortgage Market? Freddie Mac's K-Deals; a Model for Secondary Market Reform? Improving Markets List Hits New High, but There's a Catch Improving Housing Outlook May be Reaching Plateau Lending Standards Tighten Slightly as QM Planning Kicks in Latest Video Is the banking system safer after Dodd-Frank? Wealthy cashing in on mortgages Art Cashin: Lower odds of Syria strike send markets higher More News from 'Around the Web' CNBC - 4:14PM Breaking News from CNBC's Kayla Tausche: Order Book for Verizons Bonds Approaching $100B Reuters - 4:10PM U.S. government selling last of its Citigroup bailout securities Reuters - 4:10PM U.S. banks surrender future profit for capital relief now WSJ - 2:31PM Layoffs at Multiyear Lows, Hiring Barely Budges WSJ - 2:30PM Fed Governors Silent for Longest Stretch Since at Least 1996 Washington Post - 2:17PM Wall Street has so far crushed a drastic foreclosure fix. One California town could change that. CNBC - 1:25PM Verizon may upsize bond offering Bloomberg - 1:21PM Credit Suisse Is Sued Over Mortgage Securities Losses - Bloomberg Google News - 11:26AM NAR: Study of Real Estate Firms Shows both Optimism and Challenges CNBC - 11:25AM Crisis cost up to $14 trillion, Dallas Fed says CNBC - 11:25AM Hey Jamie Dimon, call me maybe, says Sandy Weill Washington Post - 10:42AM The Dow Jones industrial average is ridiculous CNBC - 10:41AM Fed's dual mandate to erode: Steinbock Market Watch - 10:41AM Bond Report: Treasurys fall ahead of large supply, Verizon Bloomberg - 10:40AM Citigroup $2.42 Billion Issue Erases Bailout: Corporate Finance - Bloomberg Bloomberg - 10:39AM Job Openings in U.S. Fell by 180000 in July to 3.69 Million - Bloomberg NAHB - 10:38AM Forum Brings Together Lawmakers and Industry Experts on Top Housing Issues CNBC - 10:36AM Jumbo mortgage rush: Why the rich are buying The Huffington Post - 9:45AM Bank Of America to be Dropped From Dow Jones Industrial Average: Reports www.corelogic.com - 9:43AM 2.5 Million More Residential Properties Return to Positive Equity in Second Quarter of 2013 Today's Comments MBS Live Chat - 1:44PM "respa question for you guys. So my lender (personal purchase) begrudgenly extended our lock 15 days to 9/16 but when they sent out a new GFE it reflects a 60 day lock good through 11/2. I asked the LO about it and he said "oh, whoops, yeah that should be 9/16, I've corrected it in the system" Correct..." MBS Live Chat - 1:45PM "we're planning to close this friday but the builder needs to completely rebuild our kitchen island, it's about 2 feet in the wrong area. THey would prefer to get it done pre closing rather then post closing, so I was thinking maybe we would have some extra time..." MBS Live Chat - 1:46PM "Justin - that is correct. A "mistake" isn't a COC..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.74% +0.05 15 Yr FRM 3.80% +0.03 FHA 30 Year Fixed 4.42% +0.04 Jumbo 30 Year Fixed 4.72% +0.02 5/1 Yr ARM 3.17% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.44% 0.85 +0.40 30 Yr. Fixed 4.27% 1.09 +0.51 MBA ** 30 Yr. Fixed 4.73% 0.33 -0.07 15 Yr. Fixed 3.75% 0.30 -0.09 30 Yr. Jumbo 4.71% 0.25 -0.07 30 Yr. FHA 4.48% 0.30 -0.04 5/1 ARM 3.49% 0.37 -0.01 Freddie Mac ** 30 Yr. Fixed 4.57% 0.70 +0.06 15 Yr. Fixed 3.59% 0.70 +0.05 1 Yr. ARM 2.71% 0.50 +0.07 5/1 Yr. ARM 3.28% 0.50 +0.04 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 94.19 -0.47 30YR FNMA 3.5 98.69 -0.45 30YR GNMA 3.0 94.94 -0.50 30YR GNMA 3.5 99.59 -0.39 15YR FNMA 3.0 101.44 -0.17 15YR FNMA 2.5 98.09 -0.23 Treasuries Yield Change 2 YR 0.4707% +0.0280 5 YR 1.7704% +0.0565 10 YR 2.9662% +0.0561 30 YR 3.8960% +0.0457 Prices as of: 9/10/2013 4:31PM 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 Positivity May be Plateauing; Mortgage Rates Much Lower; Lending Standards Tightening; Improving Markets List Grows (Maybe)

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30 Year Fixed 4.69%   -0.08 15 Year Fixed 3.77%   -0.07 10YR Treasury 2.91%   -0.0297 FNMA 30YR 3.5 99.14   +0.50 FNMA 15YR 2.5 101.61   +0.17 View Today's Rates

Monday September 9, 2013 MND NewsWire - 10:39AM Improving Housing Outlook May be Reaching Plateau Fannie Mae said today that results of its monthly National Housing Survey shows that Americans are aware of and following trends in the housing market. The outlook toward housing growth ... Mortgage Rate Watch - 5:06PM Mortgage Rates Continue Retreat from Last Week's Highs Mortgage rates continued lower today, further undoing much of the damage caused by last week's run to the highest levels in over 2 years. Friday's important Employment Situation Report ... MND NewsWire - 10:28AM Lending Standards Tighten Slightly as QM Planning Kicks in The Mortgage Bankers Association (MBA) reported the first drop in its new Mortgage Credit Availability Index (MCAI) since it became publicly available in June. The index for August ... MND NewsWire - 1:22PM Improving Markets List Hits New High, but There's a Catch The list of improving housing markets maintained by the National Association of Home Builders (NAHB) and First American Title Insurance Company appears to have broken out of its recent ... Stonegate Prepares for IPO; Changes in Texas Laws & LO Requirements; Compliance for Broker to Banker Freddie Mac's K-Deals; a Model for Secondary Market Reform? MBS RECAP: Uneventful but Positive to Begin the Week Are LOs Liable for Illegal Comp Plans? You Bet they Are!; Genworth's take on QM/QRM; Builders Tweak Financing Investor/All-Cash Purchases May Harm Housing Recovery Nevada City Rejects Eminent Domain Mortgage Plan Rising Prices Lifting all Boats but Millions still Submerged Latest Video FHA entering bailout territory Mortgage market & what's next Loan Size to Be Cut for Fannie, Freddie More News from 'Around the Web' CNBC - 5:30PM BofA to cut 2,100 jobs as loan demand weakens Reuters - 5:30PM Regulator eyes lower Fannie, Freddie loan limits to shrink government role WSJ - 3:31PM Americans' Credit-Card Debt Declines CNN - 3:27PM Fed official: Jobs report won't affect taper Washington Post - 3:19PM Why doesn't Fed policy pack more of a punch? Blame Grandpa. Market Watch - 3:19PM Consumer credit rises 4.4% in July www.aei.org - 3:16PM Road to FHA reform: Back to basics Reuters - 2:03PM JPMorgan expects loss from mortgage originations Bloomberg - 2:03PM Fed's Williams Says Data Signal Gradually Improving Job Market House Financial Services - 1:57PM Rep. Jeb Hensarling pushes housing reform center stage Reuters - 12:54PM Obama ramps up effort to convince Congress, public on Syria Reuters - 12:54PM U.N. floats plan to destroy Syrian chemical weapons stocks Reuters - 12:48PM Wells Fargo expects to make fewer U.S. home loans this quarter CNBC - 12:20PM Most homebuilders 'not investable' right now: Pros CNBC - 12:19PM Fed will get its inflation; here's who will pay Bloomberg - 10:54AM Hovnanian Reports Profit as Home Prices, Sales Increase - Bloomberg Bloomberg - 10:54AM Wells Fargo Says Rising Rates Won't Snuff Out Housing Recovery - Bloomberg Market Watch - 10:54AM Wells Fargo expects drop in mortgage originations CNBC - 10:53AM Fannie, Freddie making billions-why shut them down? Washington Post - 10:12AM Buying a house is harder than it's been in five years. Today's Comments MBS Live Chat - 11:44AM "RTRS- WILLIAMS: BERNANKE'S REMARKS ON TAPERING IN JUNE DEFLATED AN EMERGING BUBBLE IN THE BOND MARKET..." MBS Live Chat - 11:44AM "RTRS- WILLIAMS: NOT TOO CONCERNED THAT HIGHER MORTGAGE RATES WILL DAMPEN HOUSING RECOVERING, RATES STILL LOW..." MBS Live Chat - 11:45AM "tell that to my clients Williams..." MBS Live Chat - 11:46AM "I think that worse than increasing rates is the over constriction of guidelines right now. It is ridiculous these days to get a loan done...." MBS Live Chat - 11:47AM "I saw an article talking about how mortgages are costing more and that the brokers/LOs are to blame, to that I say that we are only charging incrementally more for what is exponentially more work...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.69% -0.08 15 Yr FRM 3.77% -0.07 FHA 30 Year Fixed 4.38% -0.12 Jumbo 30 Year Fixed 4.70% -0.05 5/1 Yr ARM 3.18% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.44% 0.85 +0.40 30 Yr. Fixed 4.27% 1.09 +0.51 MBA ** 30 Yr. Fixed 4.73% 0.33 -0.07 15 Yr. Fixed 3.75% 0.30 -0.09 30 Yr. Jumbo 4.71% 0.25 -0.07 30 Yr. FHA 4.48% 0.30 -0.04 5/1 ARM 3.49% 0.37 -0.01 Freddie Mac ** 30 Yr. Fixed 4.57% 0.70 +0.06 15 Yr. Fixed 3.59% 0.70 +0.05 1 Yr. ARM 2.71% 0.50 +0.07 5/1 Yr. ARM 3.28% 0.50 +0.04 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 94.66 +0.36 30YR FNMA 3.5 99.14 +0.50 30YR GNMA 3.0 95.44 +0.38 30YR GNMA 3.5 99.98 +0.53 15YR FNMA 3.0 101.61 +0.17 15YR FNMA 2.5 98.33 +0.19 Treasuries Yield Change 2 YR 0.4427% -0.0198 5 YR 1.7139% -0.0496 10 YR 2.9101% -0.0297 30 YR 3.8503% -0.0218 Prices as of: 9/9/2013 4:31PM 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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