Daily Newsletter: HELOCs About to be a Problem?; Home Price Expectations Decline; FHA Lowers Loan Limits; Some Servicers Need Improvement

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30 Year Fixed 4.52%   -0.03 15 Year Fixed 3.53%   -0.04 10YR Treasury 2.85%   -0.0109 FNMA 30YR 3.5 100.27   +0.16 FNMA 15YR 2.5 102.75   +0.09 View Today's Rates

Monday December 9, 2013 MND NewsWire - 12:14PM LPS Already Seeing Increased HELOC Problems; More to Come Lender Processing Services (LPS) Mortgage Monitor for October reports that 48 percent of outstanding second lien home equity lines of credit (HELOCs) were originated between 2004 and ... MND NewsWire - 1:40PM Home Price Expectations Continue to Decline Responses to the most recent National Housing Survey conducted by Fannie Mae show Americans continue to be cautious in their appraisals of the housing recovery and of their own financial ... MND NewsWire - 9:43AM FHA Lowers Loan Limits for 650 High Cost Areas The Department of Housing and Urban Development (HUD) announced late Friday that the maximum loan eligible for a Federal Housing Administration (FHA) guarantee will be reduced from ... MND NewsWire - 4:58PM Some Mortgage Servicers Need Improvement -Housing Scorecard The Departments of Housing and Urban Development and Treasury issued their joint Housing Scorecard on Monday. The Scorecard summarizes information on home sales, mortgage originations ... Mortgage Rates Tentatively Lower ACLU Sues FHFA; FHA Loan Limit Changes - Not a Big Deal, or Yet Another Constriction? Completed Foreclosures Down More Than 25 Percent in One Month MBS RECAP: Further Improvement Amid Low Volume Backdrop Latest Video Santelli Exchange: The economy is not any better Fed likely to taper in Q1: Pro Rate cycle like 'no other' ahead: Liesman More News from 'Around the Web' WSJ - 5:02PM Vital Signs: Housing Is No Longer the Piggy Bank It Used to Be CNBC - 4:59PM Skyrocketing rents hit 'crisis' levels WSJ - 3:06PM Work Force Is Shrinking Because of Retiring Boomers, Philly Fed Paper Argues Reuters - 3:05PM Republican SEC member blasts $13 billion JPMorgan settlement Reuters - 3:04PM Fed's Fisher wants December taper, clear path to end of QE3 www.frbsf.org - 3:02PM Why Do Measures of Inflation Disagree? Reuters - 1:42PM Fed could do 'small' QE3 taper to recognize job gains: Bullard Reuters - 12:59PM Fed's Lacker: Risks of further bond-buying outweigh benefits Reuters - 12:57PM SEC official says final Volcker rule 'significantly different' CNBC - 12:52PM Guess what? DC could deliver a merry Christmas Washington Post - 12:16PM Wonkblog: Here's what sequestration will look like in 2014 if the budget deal fails Bloomberg - 12:15PM BlackRock's Kapito Recommends Real Assets Over Stocks - Bloomberg CNN - 10:37AM Real estate: Look for value in in 2014 CNBC - 10:25AM Is Fed policy causing deflation? Some think so www.lpsvcs.com - 9:36AM LPS' October Mortgage Monitor www.gallup.com - 9:35AM In U.S., Most Enjoy Saving Over Spending CNBC - 9:31AM Here's what's holding up the US recovery Today's Comments MBS Live Chat - 12:03PM "anyone in a market where FHA loan limits are going down 100k+?..." MBS Live Chat - 12:04PM "Clayton Sandy (12/8/13 11:06PM): I've got 5 borrowers right now that will be affected by it. Salt Lake County goes from $729K to $300?? How does that make any sense? I'll have to order case numbers and hope they don't cancel them before the homes are complete..." MBS Live Chat - 12:04PM "ah I see. One of my countires was 385 and now 285 and needs 385. Boo on FHA...." MBS Live Chat - 12:09PM "I don't even want to think about the MIP costs for a 700K FHA loan...." MBS Live Chat - 12:11PM "We are currently at $729k in Salt Lake County. Going down to $300k...how does that even make sense?..." MBS Live Chat - 12:41PM "northern VA and DC metro area got dropped to 625,500..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.52% -0.03 15 Yr FRM 3.53% -0.04 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.47% -0.02 5/1 Yr ARM 3.23% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.51% 0.38 +0.03 15 Yr. Fixed 3.56% 0.32 +0.04 30 Yr. Jumbo 4.49% 0.24 +0.01 30 Yr. FHA 4.17% 0.36 +0.01 5/1 ARM 3.09% 0.28 -0.09 Freddie Mac ** 30 Yr. Fixed 4.46% 0.50 +0.17 15 Yr. Fixed 3.47% 0.40 +0.17 1 Yr. ARM 2.59% 0.40 -0.01 5/1 Yr. ARM 2.99% 0.40 +0.05 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 95.80 +0.17 30YR FNMA 3.5 100.27 +0.16 30YR GNMA 3.0 96.92 +0.13 30YR GNMA 3.5 101.38 +0.14 15YR FNMA 3.0 102.75 +0.09 15YR FNMA 2.5 99.59 +0.08 Treasuries Yield Change 2 YR 0.3017% -0.0039 5 YR 1.4888% -0.0015 10 YR 2.8480% -0.0109 30 YR 3.8740% -0.0171 Prices as of: 12/9/2013 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: Mortgage Rates Win Heroic Battle; Still Losing The War; Big Banks' Declining Share of Mortgage Market Here to Stay?

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30 Year Fixed 4.55%   -0.02 15 Year Fixed 3.57%   -0.03 10YR Treasury 2.86%   -0.0109 FNMA 30YR 3.5 100.11   +0.31 FNMA 15YR 2.5 102.66   +0.31 View Today's Rates

Friday December 6, 2013 Mortgage Rate Watch - 5:03PM Mortgage Rates Win Heroic Battle; Still Losing The War If we examine today's activity in a vacuum, Mortgage rates fought and won a heroic battle in the sense they were able to hold steady to slightly stronger despite contending with a stronger ... MND NewsWire - 3:40PM Is Declining Share of Mortgage Market Among Big Banks Here to Stay? Too Big to Fail Banks and the financial consolidation that created them are hot topics. A famous chart from Mother Jones shows that the big four banks (Citi, JP Morgan Chase, Bank of ... MBS Commentary - 12:38PM How Are MBS Possibly Improving After the Jobs Report?! MBS Live : MBS Morning Market Summary We've been discussing the past few days in the context of the Gorilla Analogy . If you did catch this morning's commentary, it's even more timely ... Pipeline Press - 10:40AM CFPB's Take on QM; QM & HECMs; Ellie Mae's Encompass Issue for Pipeline Hedging; Nations Direct Opens Correspondent In a speech this week to the Consumer Federation of America Consumer Finance Protection Bureau’s Director Richard Cordray said that it is a myth that borrowers who fall outside ... The Day Ahead: Jobs Report to Read Verdict on December Taper Risk Small Markets Leading Way for 2014 Housing Recovery MBA Sounds Battle Cry For Independent Mortgage Banks Clarification on Agency QM status; Fitch, Moody's, and Ocwen's Take on Non-QM Loans The Day Ahead: A Gorilla Analogy for Momentum on NFP Week Latest Video Early December consumer sentiment 82.5 Fed needs to back away from QE: Pro Parsing November jobs report More News from 'Around the Web' Bloomberg - 5:35PM JPMorgan Asks Judge to Keep Draft US Mortgage Lawsuit Secret - Bloomberg CNBC - 5:35PM Sorkin: Bernanke may taper by year-end Bloomberg - 3:51PM Fed's Plosser Sees 3% Growth in 2014 as Job Market Gains - Bloomberg Bloomberg - 3:28PM Volcker Rule to Force Banks to Comply With Five Regimes Reuters - 3:26PM Consumer credit grows more than expected in October CNBC - 3:23PM 'Tougher' Volcker Rule targets CEOs Reuters - 2:40PM Cap QE and give it an expiry date: Fed's Plosser WSJ - 1:08PM Fed's Evans Cautious On Jobs Report Washington Post - 1:06PM Wonkblog: Did Dodd-Frank end Too Big to Fail? It depends what you mean by 'end.' CNBC - 12:55PM Rising mortgage rates a boon to smaller lenders WSJ - 11:52AM Jobless Rate Hitting 7% Underscores Fed's Mistake WSJ - 11:52AM Hilsenrath's Five Takeaways on What the Jobs Report Means for the Fed Bloomberg - 11:48AM Treasuries Fluctuate as Investors Weigh Fed-Stimulus Prospects - Bloomberg WSJ - 11:47AM Senators Urge Against Loan Fee Increase in Budget Deal Bloomberg - 10:30AM Gross Says Job Gains Mean 50% Odds of Fed Tapering in December - Bloomberg Bloomberg - 9:13AM Consumer Spending in U.S. Climbed More Than Forecast in October - Bloomberg CNBC - 9:12AM Fed's Plosser: November jobs number is encouraging Reuters - 8:11AM LA sues Citi, Wells Fargo over discriminatory mortgage lending CNN - 8:10AM End of mortgage-fix break could mean big tax bills CNBC - 8:09AM US bonds tread water ahead of crucial jobs report Today's Comments MBS Live Chat - 2:00PM "So a question for the risk takers that floated their loans. We've got better pricing today so do you lock it up or keep floating? I'm talking pipeline closing in Dec..." MBS Live Chat - 2:01PM "one locked this morning, 3 more floating..." MBS Live Chat - 2:01PM "it seems the pattern has been with multiple bad days that once we get some momentum we get multiple good days....could be wishful thinking but it's just my $.02..." MBS Live Chat - 2:07PM "Which chart should I be watching 3.0, 3.5 or 4.0?..." MBS Live Chat - 2:08PM "4.0 at the moment, BMay,unless you're planning on charging/paying discount points...." MBS Live Chat - 2:08PM "4.0 is certainly the sweet spot...." MBS Live Chat - 2:10PM "MG I know I've asked this before, but what rates are included in the 4.0 coupon. 3.875% - 4.375% ?..." MBS Live Chat - 2:23PM "Yeah Paul. There's some flexibility between 4.25 and 4.375, and again between 4.75 and 4.875, depending on how GSEs are paying for the loans. But it's always going to be one or the other...." MBS Live Chat - 3:08PM "I saw a post yesterday regaring CoreLogic increasing credit report prices to $75. This is incorrect. The $75 fee is for a very robust credit supplement. Tri-merge prices are increasing about $0.40 per bureau, so less than $1.50 for a full tri-merge. Just wanted to clear up any confusion...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.55% -0.02 15 Yr FRM 3.57% -0.03 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.49% +0.00 5/1 Yr ARM 3.26% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.51% 0.38 +0.03 15 Yr. Fixed 3.56% 0.32 +0.04 30 Yr. Jumbo 4.49% 0.24 +0.01 30 Yr. FHA 4.17% 0.36 +0.01 5/1 ARM 3.09% 0.28 -0.09 Freddie Mac ** 30 Yr. Fixed 4.46% 0.50 +0.17 15 Yr. Fixed 3.47% 0.40 +0.17 1 Yr. ARM 2.59% 0.40 -0.01 5/1 Yr. ARM 2.99% 0.40 +0.05 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 95.63 +0.30 30YR FNMA 3.5 100.11 +0.31 30YR GNMA 3.0 96.80 +0.39 30YR GNMA 3.5 101.23 +0.33 15YR FNMA 3.0 102.66 +0.31 15YR FNMA 2.5 99.52 +0.36 Treasuries Yield Change 2 YR 0.3056% +0.0002 5 YR 1.4903% +0.0086 10 YR 2.8589% -0.0109 30 YR 3.8911% -0.0227 Prices as of: 12/6/2013 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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