Monday, March 29, 2010

Misconceptions of Reverse Mortgage Reality

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Most people have preconceived notions about reverse mortgage. Why are so many folks afraid to hear the facts from an expert? - Community Commentary
Today, adding to the first Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (the "HFA Hardest Hit Fund"), the Obama... - MND NewsWire
The OCC/OTS metrics report for the last quarter of 2009 confirms the continued increase in delinquent loans but notes that servicers have expanded retention... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 97-05 -0-01
FNMA 4.5 100-11 -0-02
FNMA 5.0 103-09 -0-02
FNMA 5.5 105-13 -0-02
FNMA 6.0 106-15 0-01
Updated: 3/29/10 4:30 PM
Treasuries
3 MO 0.1258 -0.0142
2 YR 1.0396 -0.0004
5 YR 2.5972 0.0072
10 YR 3.8643 0.0043
30 YR 4.7677 0.0177
Updated: 3/29/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.98 -0.02
15 Yr FRM 4.30 -0.01
FHA 30 Year 5.16 -0.02
Jumbo 30 Year 6.51 -0.01
5/1 Yr ARM 4.03 -0.01
Updated: 3/29/10 5:26 PM
Latest Video      
View:All Videos
News Hub: The Big Freeze in Housing
3/29/2010
An artist in Detroit makes a big statement about the frozen housing market. Dow Jones Newswires' Al Lewis joins the News Hub to discuss.
Govt. Sells Citi
3/29/2010
The Treasury Department confirms it will begin selling its nearly one-third stake in Citigroup, with CNBC's Mary Thompson.
Impact of Bush Tax Cut Expiration
3/29/2010
Chris Edwards, of the Cato Institute, and Martin Feldstein, chairman of the Council of Economic Advisers under President Reagan, discuss the impact the...

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Recent Comments
Adam Quinones
on 3/29/2010 - read this comment
still too early to tell Jeff. We need to see what the market bakes in before the Friday NFP release. Buy Rumor Sell News? Sell Rumor Buy the News? We gotta get past S&P/Case-Shiller first. After that...
Jeff Anderson
on 3/29/2010 - read this comment
You're right, Bobby. I forgot about the holiday, but w/out the actual number being out before the holiday should we expect a big movement as traders settle their positions prior to the actual report...
Adam Quinones
on 3/29/2010 - read this comment
The Fed finishes up the MBS Purchase Program on Wednesday. I would expect to see increased volatility around this event...with "rate sheet influential" MBS coupons playing a bit less follow the...
Lisa Kerr
on 3/26/2010 - read this comment
I think that the governments idea's are starting on the right track (after $ spent) but this is still very flawed in my opinion. At least they are finally getting that they will need to persuade people...

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Friday, March 26, 2010

Details of HAMP Improvements and New FHA Refinance Program

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Today, as part of its ongoing commitment to continuously improve housing relief efforts, the Obama Administration announced adjustments to the Home Affordable... - MND NewsWire
For the second to last time, the Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). Obviously everyone... - MND NewsWire
Treasury Secretary Geithner, and others testified before the House Financial Services Committee on Tuesday. The crux of the hearing depended on who was... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 97-04 0-11
FNMA 4.5 100-15 0-11
FNMA 5.0 103-09 0-03
FNMA 5.5 105-14 0-00
FNMA 6.0 106-12 -0-04
Updated: 3/26/10 4:25 PM
Treasuries
3 MO 0.1400 0.0000
2 YR 1.0400 -0.0600
5 YR 2.5900 -0.0600
10 YR 3.8600 -0.0500
30 YR 4.7500 -0.0200
Updated: 3/26/10 5:49 PM
Mortgage Rates
30 Yr FRM 5.00 -0.04
15 Yr FRM 4.31 -0.03
FHA 30 Year 5.18 -0.04
Jumbo 30 Year 6.52 -0.02
5/1 Yr ARM 4.04 -0.03
Updated: 3/26/10 4:34 PM
Latest Video      
View:All Videos
FHA's Stevens Says Housing `More Stable' Thanks to Aid: Video
3/26/2010
March 26 (Bloomberg) -- Federal Housing Administration Commissioner David Stevens talks with Bloomberg's Margaret Brennan about the U.S. housing market...
Spotllight on White House Housing Plan
3/26/2010
Parsing the White House's plan to help underwater homeowners, with David Goodfriend, a former Clinton White House staffer, and Stephen Moore, member...
Helping Troubled Homeowners
3/26/2010
CNBC's Diana Olick discusses risk and the Administration's new plan for helping homeowners having difficulty with their mortgages, with David Stevens...

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Recent Comments
Larry Gray
on 3/26/2010 - read this comment
Already have one reprice of .15. this AM. I locked a loan late yesterday after better agency pricing, but it was a jumbo loan I locked that had not improved in pricing late afternoon. Same good reason...
Adam Quinones
on 3/25/2010 - read this comment
yes but those funds will be used to purchase delinquent loans. Not new production TBA.
Ed Connor
on 3/25/2010 - read this comment
Hi : Did everyone forget that the Fed left $4 trillion with the Treasury on Christmas Eve to keep buying MBS's?
Edgar
on 3/25/2010 - read this comment
"WASHINGTON (AP) — Social Security will begin paying out more in benefits than it receives in taxes in 2017, 12 years from now and a year earlier than previously estimated, trustees said yesterday...

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