New Refinance Program Unlikely. What About.....

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Aug 25, 2011 10:56AM New Refinance Program Unlikely. What About a 21st Century Homestead Act? Warren Buffett's Berkshire Hathaway, who owns about 10% of Wells Fargo, announced that it is investing $5 billion in Bank of America. $100,000 per share for 50,000 shares...as one would expect, BofA's stock is up over 20%. Buffett stated that BofA is a "strong and well-led company." That is a big chunk of change, and already at a profit given this morning's stock move. He now owns big chunks of the two largest mortgage lenders. The mortgage herd is spooked again, as it was last year (or maybe the... Aug 25, 2011 10:10AM RealtyTrac: Foreclosure Discount Higher, Short Sales Jump RealtyTrac, the Irvine California firm that reports on all things foreclosure said on Thursday that, while sales of bank-owned real estate and homes in some stage of foreclosure during the second quarter of 2011 was mixed in comparison with earlier quarters, the gap in sales price between distressed and market rate sales continued to widen . Sales of properties that were either sold out of bank inventories (REO), at auction, or while in some stage of default through a short or other sale increased... Mortgage Rates: Slight Reprieve. High Risk Tomorrow FHFA: Home Prices Down Again in Second Quarter National Delinquency Survey: Must Stop the Bleeding MBS RECAP: Up Down Up MBS MID-DAY: Whippy. Illiquid New Home Sales at 5 Month Low, Backlog Easing View: Front Page | Headline Viewer Micro News 4:42 PM: Foreign Central Banks' US Debt Holdings Fall - Fed 3:59 PM: Tomorrow Could Even be Interesting Before Bernanke 1:22 PM: Rep. Ackerman to Introduce "Homestead: Act 2" - Reduce Housing Glut / Spur Economy and Jobs 11:00 AM: ECON: KC Fed Factory Index Shows Growth in August 10:25 AM: BofA: Berkshire Hathaway to Invest $5 Billion in Bank 10:23 AM: Fed: Credit Quality of Large Loan Commitments Improves for Second Consecutive Year 10:21 AM: NAR: Slowdown Impacts Commercial Real Estate 9:42 AM: Fed: A Private Lender Cooperative Model for Residential Mortgage Finance »View All Micro News Around the Web The Housing Market is Shrinking Real Estate News: Tax Benefit Lifts Toll Bros. Mortgage Refinancing Wave Strains Banks Apartment Rents Are Rising Who Is Buying U.S. Treasuries? Why Is the White House Defending the Banks from Investigations? »View More Around the Web Video News What to Expect from Bernanke U.S. East Coast Bracing for Irene Good News for BofA »View More Video News Today's Comments "Brad, here's the problem, while you are correct in pointing out that the likelihood of default decreases with a refi the issue is the transfer of risk..." "I am not the kind of L.O. that has a huge understanding of the political landscape when it comes to making decisions involving a "National Refinance..." "With all of the money we have poured into stimulus of late I am surprised that this has not come up in more seriousness already. Maybe they are saving..." »View More Comments Today's Q&A "What legal action can be taken if I walk away from my home?" "What are the guidelines or precaution to be taken while selling..." "I co-own house, the other party has a balloon Home Equity loan..." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.21 -0.01 15YR 3.59 -0.02 FHA30YR 4.08 -0.01 Jumbo30YR 4.72 -0.02 5/1ARM 3.23 -0.03 MBS Quotes FNMA 3.5 100-26 0-12 FNMA 4.0 103-21 0-05 FNMA 4.5 105-15 -0-02 FNMA 5.0 107-05 -0-11 Treasuries 2 YR 0.2112 -0.0198 3 YR 0.3624 -0.0366 5 YR 0.9952 -0.0228 7 YR 1.5436 -0.0634 10 YR 2.2339 -0.0601 30 YR 3.6060 -0.0460 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -2.41% Mortgage Refinance -1.66% Mortgage Purchase -5.73% FHFA Home Price 0.93% New Home Sales -0.67% Existing Home -0.80% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Mortgage Rates: Losing Streak Continues

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Aug 24, 2011 4:34PM Mortgage Rates: Losing Streak Continues Yesterday, we noted pressure building on BestExecution rates. Today, things boiled over unfavorably and the loan pricing losing streak extended into a fourth day. Mortgage Rates got hit hard enough that yesterday's quotes may not even be available today without additional closing costs. Our ongoing guidance recently has been to take advantage of recent rate offerings as soon as possible, noting that "the frustration of missing out on "high 3's" and instead getting "low 4's" seems nowhere near as... Aug 24, 2011 10:09AM FDIC Sued Over WAMU's Bad Loans; LPS Sued Over Robo-Signing Allegations; Bank of America in Downward Spiral Fannie, Freddie, and the US Government aren't the only entities struggling with debt. The U.S. Post Office is expected to hit its $15 billion borrowing limit next month, and banks are scrambling to determine their potential lease exposure to the agency on their retail loans. Watch for post office closings, announced several weeks ago, and then end of Saturday delivery. And a federal judge ruled that the FDIC has to face a $10 billion lawsuit tied to the failure of WAMU : the judge refused the FDIC... Mortgage Applications Fall - Purchase Index at 15-Year Low FHFA: Home Prices Down Again in Second Quarter Real-Time Rate Techs: 10's Fight To Hold Support National Delinquency Survey: Must Stop the Bleeding MBS RECAP: Ugly Price Action MBS MID-DAY: Rates Follow Stocks Higher View: Front Page | Headline Viewer Micro News 3:59 PM: Day Ahead: Jobless Claims, Last Auction, Last Day Before Jackson Hole 3:44 PM: Another Look at Jackson Hole. Less Opinion, More "Possibilities" 3:23 PM: MBS At Lows Again. Stock Lever Hurts. Lower Volume Though 3:05 PM: ICBA: Tips for Financial Preparedness in a Natural Disaster 11:03 AM: NAR: Urges White House to Host Housing Summit 10:15 AM: Poll - Bond Yield Outlook Slashed Unanimously 10:08 AM: HUD: New FHA Mortgagee Letter (2011-30) 10:05 AM: MBA: Purchase Applications at Lowest Level Since 1996 »View All Micro News Around the Web FHFA Introduces Expanded House Price Index Higher-End Housing Hits a Wall Bloomberg's Sterngold Discusses Housing: Audio Deutsche Bank's BHF sale drags amid refinancing woes Bernanke May Flag Possible Portfolio Shift On Friday Behind the Numbers: 'Perilous Time' in Home Building »View More Around the Web Video News Brown Says U.S. Housing Recovery `Several Years' Off Mortgage Purchase Applications Fall German Prefabricated Homes Attract European Buyers »View More Video News Today's Comments "That is the most important question that still needs to be answered: WHO WILL FOOT THE BILL FOR MBS LOSSES? Banks certainly haven't been willing to..." "Question Rob, you have comments about auto-refi for underwater folks in quotes, but it doesn't state who you're quoting; who made the comment?..." "Great article and great visuals in the graphs to tie to the discussion." »View More Comments Today's Q&A "Is it illegal for a bank to sell a loan to another entity without..." "To calculate my next months interest amount, do I multiply the..." "Is a mortgage considered a respa document?" »View More Q&A Today's Forum Discussions "I'm almost done with a refi through Amerisave. Yesterday they wanted info relating to a K-1. Wanted final K-1 and backup info. The partnership was..." "I was denied a refi because "xxx lender does not lend on properties that have un-permitted additions. Loan is declined for unacceptable property...." "My House has been for sale since 9/09 , but not one showing to date. everytime we ask the realtor about the lack of showings ,she responds with there are..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.22 0.07 15YR 3.61 0.01 FHA30YR 4.09 0.07 Jumbo30YR 4.74 0.06 5/1ARM 3.26 0.02 MBS Quotes FNMA 3.5 100-14 -0-13 FNMA 4.0 103-15 -0-09 FNMA 4.5 105-15 -0-09 FNMA 5.0 107-15 -0-06 Treasuries 2 YR 0.2308 0.0098 3 YR 0.4021 0.0211 5 YR 1.0245 0.0755 7 YR 1.6138 0.1158 10 YR 2.3012 0.1432 30 YR 3.6542 0.1642 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Prices 1.78% S&P/Case Shiller 1.02% Pending Home 2.36% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

National Delinquency Survey: Must Stop the Bleeding

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Aug 23, 2011 12:21PM National Delinquency Survey: Must Stop the Bleeding Jay Brinkmann, the Mortgage Bankers Association's (MBA's) Chief Economist, told reporters on Monday that MBA's National Delinquency Survey (NDS) for the second quarter of 2011 combines good news with not so good news. "While overall mortgage delinquencies increased only slightly between the first and second quarters of this year, it is clear that the downward trend we saw through most of 2010 has stopped. Mortgage delinquencies are no longer improving and are now showing some signs of worsening,... Aug 23, 2011 12:16PM New Home Sales at 5 Month Low, Backlog Easing The sales of new single-family houses fell slightly in July to a seasonally adjusted annual rate of 298,000. The U.S. Census Bureau and the Department of Housing and Urban Development issued the estimated figure on Tuesday and at the same time revised the June new-home sale rate down to 300,000 from the earlier estimate of 312,000. The July figure is a decrease of 0.7 percent from the new June number but is 6.8 percent above the July 2010 estimate of 279,000 new homes sold. There were an estimated... Mortgage Rates: Losing Streak in Progress PMI Suspended by GSEs; FHA Rebuilds Rental Units; Appraisers Hurting Home Sales?; S&P President Resigns MBA Forecast: Lowest Loan Production Since 1997 Housing Bust Provides New Openings for Mortgage Fraud The Current Disconnect Between MBS and Treasuries MBS MID-DAY: Sideways Again View: Front Page | Headline Viewer Micro News 3:34 PM: Dataquick: Phoenix Home Sales Fall Sharply in July 3:33 PM: FDIC: Commerical Banks Show $28.8B Profit in Q2 2011 2:58 PM: Negative Reprices Possible After East Coast Quake 1:15 PM: Strong 2 Yr Auction. MBS Stabilize. Stocks Still a Threat. 10:33 AM: US Bank Earnings up From a Year Ago 10:32 AM: ECON: Richmond Fed Factory Index -10 in August from -1 Previously 10:12 AM: ECON: New Home Sales Fall. Homes For Sale at Record Low 8:58 AM: The Case Against Another Fed Bond Buying Program »View All Micro News Around the Web Federal Reserve Emergency Loans: Liquidity for Banks FDIC comfortable with U.S. bank capital levels American Home Mortgage Servicing, Inc. Files Lawsuit - Seeks Recovery from Lender Processing Services, Inc. and DocX, LLC Moody's: Commercial Real Estate Prices increased in June Investors, Rentals and Ultimate Housing Recovery Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal »View More Around the Web Video News Will Bernanke Come to the Rescue? U.S. New-Home Sales Drop to Lowest Level in Five Months FDIC Q2 Bank Earnings See Improvement »View More Video News Today's Comments "If anyone can suggest a legal position I should take in this case I would appreciate it. I need all the help I can get." "I am a 70 year old widow. This was a refinance. I was originally with a company called Fremont Mortgage and loan they turned it over to America Servicing..." "So much for QE 1 and 2 (and probably 3), the lowest rates in history, and all the misguided govt. influence to try to prop up the mortgage/housing industry..." »View More Comments Today's Q&A "Is it illegal for a bank to sell a loan to another entity without..." "To calculate my next months interest amount, do I multiply the..." "Is a mortgage considered a respa document?" »View More Q&A Today's Forum Discussions "Looking to find more/alt wholesale lenders who offer Reverse Mortgages. My current lender denied a file because of property (cabin in the mountain). I..." "In a nutshell, I'm one of your easiest customers to qualify (I think). Location is West Tennessee. All Credit scores near, possibly above, 800 Full..." "Loan Scenario View All Post A Scenario Loan State: California Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $550,000 Property Value: $850..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.15 0.03 15YR 3.60 0.03 FHA30YR 4.02 0.03 Jumbo30YR 4.68 0.03 5/1ARM 3.24 0.03 MBS Quotes FNMA 3.5 100-31 -0-04 FNMA 4.0 103-26 -0-06 FNMA 4.5 105-24 -0-05 FNMA 5.0 107-21 -0-06 Treasuries 2 YR 0.2171 0.0121 3 YR 0.3758 0.0128 5 YR 0.9381 0.0161 7 YR 1.4861 0.0301 10 YR 2.1425 0.0335 30 YR 3.4718 0.0468 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Prices 1.78% S&P/Case Shiller 1.02% Pending Home 2.36% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031