Daily Newsletter: CFPB Wants Your Closing Table Thoughts; Regulatory Confusion Hurting Housing; FHA Alternative for Low Down-Payments; Rates More Active Next Week

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30 Year Fixed 4.63%   +0.00 15 Year Fixed 3.64%   +0.00 10YR Treasury 3.00%   +0.0076 FNMA 30YR 3.5 99.39   +0.02 FNMA 15YR 2.5 102.05   +0.06 View Today's Rates

Friday January 3, 2014 MND NewsWire - 12:12PM CFPB Wants Your Thoughts on Mortgage Closing Process As the next step in its "Know Before You Owe" initiative the Consumer Financial Protection Bureau (CFPB) plans to look at what goes on at the home purchase closing table. CFPB says ... MND NewsWire - 3:13PM MBA's Stevens: Mortgage Regulatory Confusion Hampers Housing Recovery The days when people grew up, got married, got a job they would stay with for life, had 2.5 children and bought a house are gone according to Mortgage Bankers Association (MBA) President ... MND NewsWire - 3:54PM New FHA Alternative Boosts Low Down-Payment Options As Fannie Mae and Freddie Mac eliminated their 100% and 97% purchase loans following the housing meltdown, FHA financing once again became a preferred low down payment option. FHA loans ... Mortgage Rate Watch - 4:29PM Mortgage Rates Should be More Active Next Week Mortgage rates were even more unchanged today than yesterday. Not only was the average rate among various lenders unchanged, but individual lenders all stayed closer to the yesterday ... MBS RECAP: Plenty of Reprices Followed by Afternoon Volatility Surrounding Bernanke Confusion Over HUD QM rules; Diversity Comment Period Extended; CFPB Staffing Levels; OIG reports on CFPB exams Here's How Declining Landlord Profitability Benefits the Rental Market Fannie Mae: Technology has Role to Fill in Mortgage Shopping Experience Latest Video Cashin says: Wait till Monday Bernanke to make last major speech Pisani: Housing stocks on a 'tear' More News from 'Around the Web' WSJ - 4:22PM Hilsenrath's Takeaways: Highlights From Bernanke's Speech CNBC - 4:22PM Bernanke: Fed still committed to low rates CNBC - 4:20PM Why Fed's QE has 'no effect': Economist CNBC - 3:51PM Fed's Stein on shadow banking, bank runs Reuters - 3:51PM After trim to QE, Fed no less committed to stimulus: Bernanke CNN - 3:50PM Bernanke: 'Recovery clearly remains incomplete' Reuters - 2:28PM Pimco Total Return has record $41.1 billion outflow in 2013: Morningstar WSJ - 2:27PM Fed's Lacker: Taper Decision Was Right Call WSJ - 1:10PM Mel Watt Has Signaled a Major Housing-Policy Shift Bloomberg - 1:06PM Plosser Says Unwinding Stimulus Will Challenge Willpower of Fed - Bloomberg Reuters - 1:06PM In wake of QE taper, Fed's Plosser dusts off inflation warning CNBC - 1:05PM New York is running out of luxury condos Bloomberg - 11:22AM Yet Another Housing Cover Story From Barron's - Bloomberg CFPB - 11:22AM It's closing time: Tell us about your experience closing on a mortgage Reuters - 10:56AM U.S. economic growth gauge at highest since April 2010: ECRI CNBC - 10:49AM Here's why the Fed's QE program has 'no effect' www.cfpbmonitor.com - 10:49AM CFPB issues report to congressional appropriations committee Today's Comments MND NewsWire - 4:43PM "Interesting observations..." MBS Live Chat - 12:13PM "the Social Security Administration (SSA) will no longer accept electronic/digital signatures on the SSA-89 Form. Way to go SSA that's how you stay in the correct century...." MBS Live Chat - 1:20PM "MBS will be breaking through if they go any higher. http://mndne.ws/1l7tWVz..." MBS Live Chat - 2:11PM "I have a customer that is looking to buy a new home, and will be making his current home a rental property. We can document more than 30% equity, and will have a copy of the lease and security deposit. In the guides, it says that if you have all of these items, you can use 75% of the gross rental income..." MBS Live Chat - 2:13PM "yes, add @ 75% and your done..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.63% +0.00 15 Yr FRM 3.64% +0.00 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.55% +0.00 5/1 Yr ARM 3.25% +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 4.64% 0.41 +0.02 15 Yr. Fixed 3.74% 0.29 +0.08 30 Yr. Jumbo 4.63% 0.24 +0.02 30 Yr. FHA 4.29% 0.24 +0.04 5/1 ARM 3.26% 0.39 +0.06 Freddie Mac ** 30 Yr. Fixed 4.53% 0.80 +0.05 15 Yr. Fixed 3.55% 0.70 +0.03 1 Yr. ARM 2.56% 0.50 +0.00 5/1 Yr. ARM 3.05% 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 94.97 +0.03 30YR FNMA 3.5 99.39 +0.02 30YR GNMA 3.0 96.47 -0.02 30YR GNMA 3.5 100.77 0.00 15YR FNMA 3.0 102.05 +0.06 15YR FNMA 2.5 98.94 +0.02 Treasuries Yield Change 2 YR 0.4004% +0.0164 5 YR 1.7333% +0.0119 10 YR 2.9985% +0.0076 30 YR 3.9276% +0.0046 Prices as of: 1/3/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Technology has Role to Fill in Mortgage Shopping; Declining Landlord Profitability is Good for Rentals; Rates Flat; Private Construction Advances

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30 Year Fixed 4.63%   +0.00 15 Year Fixed 3.64%   -0.01 10YR Treasury 2.99%   +0.0000 FNMA 30YR 3.5 99.38   0.00 FNMA 15YR 2.5 101.98   0.00 View Today's Rates

Thursday January 2, 2014 MND NewsWire - 12:39PM Fannie Mae: Technology has Role to Fill in Mortgage Shopping Experience A recent study by Fannie Mae found some distinct differences in the ways higher income earners look for a mortgage compared to lower income earners . Steve Deggendorf, Fannie Mae's ... MND NewsWire - 2:48PM Here's How Declining Landlord Profitability Benefits the Rental Market While investors placing their money and hopes on single family houses is not a new phenomenon, CoreLogic in its current issue of MarketPulse , says it was an important one in the successful ... Mortgage Rate Watch - 3:10PM Mortgage Rates Almost Perfectly Flat Mortgage rates were almost perfectly flat today. Various lenders were in slightly better or worse shape, but on average, today's quotes will look very similar to Tuesday's. That means ... MND NewsWire - 11:07AM Private Sector Lifts Construction Spending near 5-Year High Spending on residential construction increased by 1.7 percent on a seasonally adjusted basis from October to November while overall construction spending was up 1.0 percent the Census ... TARP Update; Basel Still With Us; Freedom Rolls out QM; Investor Updates FHFA Lawsuit Tally Approaches $8 billion MBS MID-DAY: Bond Markets Improve Despite Generally Stronger Data Homeowners Blindsided with Stratospheric Flood Insurance Rates Latest Video No clear market picture until next week: Pro How Fed's taper could change bond trade Santelli Exchange: The road towards taper More News from 'Around the Web' DataQuick - 4:06PM November Seattle Home Sale Press Release www.cfpbmonitor.com - 4:04PM CFPB seeking information on mortgage closing process CNBC - 2:29PM For new Fed chair, headaches may be only starting blog.redfin.com - 12:53PM Redfin Google Hangout Recap: Home Loans in 2014 CNBC - 12:51PM Pimco Total Return ends '13 off some 2% Reuters - 12:50PM Citigroup paid $250 million to resolve U.S. mortgage suit National Housing Conference - 12:48PM What's ahead for housing policy in 2014 FHFA - 11:14AM FHFA Recovers Nearly $8 Billion for Taxpayers in 2013 Through Settlements Reuters - 9:45AM U.S. manufacturing growth hits 11-month high in December: Markit CNN - 8:51AM Buy-and-rent investors get squeezed Reuters - 8:51AM U.S. jobless claims fall for second straight week Bloomberg - 8:50AM Homebuyers Missing Housing Rebound Depend on Yellen: Mortgages - Bloomberg Today's Comments MND NewsWire - 1:40PM "This a good article addressing the increasing use of the personal computer in selecting a mortgage loan and lender. It does not address the differences in a refinance loan vs. a purchase loan. They are both the same in one respect, but on the other hand many sophisticated mortgage loan shoppers want..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.63% +0.00 15 Yr FRM 3.64% -0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.55% +0.00 5/1 Yr ARM 3.25% +0.01 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 4.64% 0.41 +0.02 15 Yr. Fixed 3.74% 0.29 +0.08 30 Yr. Jumbo 4.63% 0.24 +0.02 30 Yr. FHA 4.29% 0.24 +0.04 5/1 ARM 3.26% 0.39 +0.06 Freddie Mac ** 30 Yr. Fixed 4.53% 0.80 +0.05 15 Yr. Fixed 3.55% 0.70 +0.03 1 Yr. ARM 2.56% 0.50 +0.00 5/1 Yr. ARM 3.05% 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 94.94 0.00 30YR FNMA 3.5 99.38 0.00 30YR GNMA 3.0 96.48 0.00 30YR GNMA 3.5 100.77 0.00 15YR FNMA 3.0 101.98 0.00 15YR FNMA 2.5 98.92 0.00 Treasuries Yield Change 2 YR 0.3840% +0.0000 5 YR 1.7214% +0.0000 10 YR 2.9909% +0.0000 30 YR 3.9248% +0.0000 Prices as of: 1/2/2014 4:28PM 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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