It’s Time to Refinance America and Time For Washington to Get Out of The Way

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Sep 26, 2011 11:12AM It's Time to Refinance America and Time For Washington to Get Out of The Way In a recently published study by the Federal Reserve they confirm what millions of American homeowners know first hand and what most professionals in the housing finance industry have known for over a year: namely, that millions of American homes are unable to be refinanced - despite historically low interest rates - due largely to the fact that many of these homes are either underwater (meaning the current loans balance exceeds the current property value) or the home's owners fail to qualify for... Sep 26, 2011 5:03PM Mortgage Rates Extend Slightly Higher From Friday After two days of significant improvements, Mortgage Rates took a measured step back on Friday. Best-Execution rates rose about an eighth of a point. The trend continued today, although in slightly less dramatic fashion. It was merely a slightly negative day for rates. There wasn't much to drive trade on the secondary market and traders are likely waiting to see how this week's Treasury auctions pan out (Treasuries are related to MBS, but MBS or "mortgage backed securities" are the true drivers of... Fed Releases Q&A on "New" MBS Buying Noticeable Support For Treasuries, Noticeable Trends in MBS New Reasons for Slow Refi's; Regulators Lacking Manpower; MISMO back to MBA Investors, First-Time Buyers Growing Leary of Distressed Market New Home Sales Continue Drifting Near All-Time Lows MBS RECAP: 9/26/2011 View: Front Page | Headline Viewer Micro News 3:58 PM: Significance of Data Increases, Auctions Begin Tomorrow 2:46 PM: New York Fed Releases Q&A on New MBS Reinvestment 1:19 PM: MBS at Lows. Possible Reprices for The Worse 12:40 PM: HUD: New FHA Mortgagee Letter (2011-34) 10:08 AM: ECON: New Home Sales Fall 2.3 pct in August 10:05 AM: New Home Sales -2.3% in August 8:58 AM: MBS Open Surprisingly Close to Friday's Last Levels 4:18 PM: Quick Chart of 3.5 Coupon MBS Since Tuesday »View All Micro News Around the Web Realtors await jobs pickup Interest Rates Have Responded to the Feds New Language Join a conversation with PNC Bank's Gordon Cameron and FICO CEO Mark Greene Why Do Women Pay More for Mortgages? The Foreclosure Lawsuits Show Why Everybody Hates Bailouts 73 insured banks closed so far »View More Around the Web Video News Wetenhall Says U.S. Home Prices May Fall 5%-15% in 2012 Harris Doubts `Real Growth' in U.S. Housing Until 2013 Schmidt Says Banks Getting Closer to Splitting Functions »View More Video News Today's Comments "Amen, amen, amen! Imagine that, no government bailouts, borrowers that have no late payments on their current mortgage can actually reduce their payments..." "Less mkt uncertainty will tighten CC #MBS yield spreads. The Fed's bid will intensify that move, then provide stability." "I like the 3.5 vs 4.0 chart. haven't seen that before. Awesome breakdown, as usual, MG." »View More Comments Today's Q&A "What are g-fees?" "Why value does mortgage servicing have to a bank or company?" "RE short sale; if the selling price exceeds the banks agreed..." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.96 0.03 15YR 3.31 0.06 FHA30YR 3.75 -0.02 Jumbo30YR 4.18 0.04 5/1ARM 3.15 0.05 MBS Quotes 30YR FNMA 3 102-20 -0-06 30YR FNMA 4 104-27 -0-05 30YR FNMA 4 106-04 -0-06 30YR FNMA 5 107-18 -0-08 Treasuries 2 YR 0.2308 0.0088 3 YR 0.3958 0.0268 5 YR 0.9073 0.0473 7 YR 1.4002 0.0672 10 YR 1.9037 0.0737 30 YR 2.9932 0.0952 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Sales -2.32% FHFA Home Price 0.80% Existing Home -1.63% Existing Home 7.71% Mortgage Application 10.02% Mortgage Refinance 13.45% 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 Rise Slightly Heading Into The Weekend

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Sep 23, 2011 3:57PM Mortgage Rates Rise Slightly Heading Into The Weekend After two days of significant improvements, Mortgage Rates took a measured step back today. Best-Execution rates rose about an eighth of a point, but in some cases, your rate may not have changed at all today-merely your closing cost quote. (temporary caveat that we'll probably repeat a few more times): Please keep in mind that lenders simply cannot move mortgage rates lower at the same pace as a rapid rally in Benchmark Treasuries. Although you might hear talking heads on TV or read articles saying... Sep 23, 2011 11:50AM Commercial/Multifamily Debt Increases to headline.4 Trillion, First Increase Since 2009 For the first time in seven quarters the level of outstanding commercial/multifamily mortgage debt grew in the U.S according to information released Thursday by the Mortgage Bankers Association (MBA). The Association said that total debt rose $3.5 billion or 0.1 percent in the second quarter of 2011 to a total of headline.4 trillion. The last time total debt increased was in the third quarter of 2009. Investment in multifamily mortgage debt increased by $3.9 billion or 0.5 percent 0from first quarter 2011... FTC Goes After Loan Mod Companies; MERS Training; FHA MIP Suggestion MBS RECAP: 9/23/2011 The Day Ahead: Equities Keep Tumbling to Fresh 2011 Lows Mortgage Rates Improve Again From All-Time Lows MBS MID-DAY: 9/23/2011 RadarLogic: "Signs Point to Trouble Ahead" as Seasonal Home Price Peak Passes View: Front Page | Headline Viewer Micro News 4:18 PM: Quick Chart of 3.5 Coupon MBS Since Tuesday 3:51 PM: Fed Chair Bernanke: Research into Financial Crisis Essential 3:49 PM: Fed Gov. Duke Discusses Steps to Rebalance Housing Market 12:22 PM: Reprices for the Worse Reported, More are Possible 10:06 AM: Management of MISMO to Transfer to MBA 9:32 AM: MBS Sharply Lower, but Rate Sheets May Not Follow 9:31 AM: Freddie Mac Issues Monthly Volume Summary for August 2011 9:28 AM: FHFA Reports Fannie and Freddie G-Fees Increased in 2009-2010 »View All Micro News Around the Web Fed Chair Bernanke: Research into Financial Crisis Essential Fannie Mae cited for failing to stop robo-signing - The Associated Press Credit Counselors Stumped Fed Study: Lack of Home equity and underwriting changes limited Refinancing in 2010 Why mortgage servicing won't get fixed - Reuters Blogs (blog) Housing Lobby in Rare Defeat on Mortgage Limits »View More Around the Web Video News Is the Banking System Broken? Why You Should Consider Buying a New Home First Trust's Stein Says Fed `Overplayed Their Hand' »View More Video News Today's Comments "Less mkt uncertainty will tighten CC #MBS yield spreads. The Fed's bid will intensify that move, then provide stability." "I like the 3.5 vs 4.0 chart. haven't seen that before. Awesome breakdown, as usual, MG." "The simple truth is we have gotten what we have because we offered nothing as an alternative. The interpretation of how to implement all of the new regulations..." »View More Comments Today's Q&A "What are g-fees?" "Why value does mortgage servicing have to a bank or company?" "RE short sale; if the selling price exceeds the banks agreed..." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.93 0.08 15YR 3.25 0.00 FHA30YR 3.75 -0.02 Jumbo30YR 4.14 0.03 5/1ARM 3.10 0.05 MBS Quotes 30YR FNMA 3 102-25 -0-29 30YR FNMA 4 105-00 -0-21 30YR FNMA 4 106-11 -0-15 30YR FNMA 5 107-26 -0-09 Treasuries 2 YR 0.2184 0.0164 3 YR 0.3665 0.0265 5 YR 0.8588 0.0788 7 YR 1.3295 0.1005 10 YR 1.8282 0.1102 30 YR 2.8981 0.1041 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. FHFA Home Price 0.80% Existing Home -1.63% Existing Home 7.71% Mortgage Application 10.02% Mortgage Refinance 13.45% Mortgage Purchase 0.82% 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 Improve Again From All-Time Lows

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Sep 22, 2011 5:17PM Mortgage Rates Improve Again From All-Time Lows After yesterday's FOMC Announcement, Mortgage Rates moved to all time lows. The rally in bond markets extended overnight and throughout today's trading, resulting in rate offerings improving even more. Please keep in mind that lenders simply cannot move mortgage rates lower at the same pace as a rapid rally in Benchmark Treasuries. Although you might hear talking heads on TV or read articles saying that mortgage rates are tied to Treasuries, THEY ARE NOT , and you'll be perennially frustrated if... Sep 22, 2011 4:00PM RadarLogic: "Signs Point to Trouble Ahead" as Seasonal Home Price Peak Passes Last week RadarLogic, a real estate data and analytics company, submitted a proposal, which we covered here , to the Federal Housing Finance Agency (FHFA) in response to a Request for Information regarding the proposed bulk sale of government owned real estate (REO). Wednesday, in their RPX Monthly Housing Market Report, they provided the latest information on their RPX Composite Price, and used updated data to restate and demonstrate the need for and urgency of their plan. In brief, the company... Can 10yr Yields Hit 1.5%? According to This Chart, They Can Mortgages from the Supermarket?; Major Banks Downgraded; Lots of Investor Updates MBS RECAP: 9/22/2011 FHFA Home Price Index Rose Slightly in July The Day Ahead: Equities Tank, 30-year Treasury at 2.86% Mortgage Rates Hit New All-Time Lows! View: Front Page | Headline Viewer Micro News 1:59 PM: Gloom and Doom Push German Yields to Record Lows 11:55 AM: FFIEC: 2010 Mortgage Lending Data Now Available 10:48 AM: FHFA: House Price Index Up 0.8 Percent in July 10:46 AM: HUD and NAREB Form Partnership to Promote Fair Housing 10:45 AM: JP Morgan Cuts Homebuilders Hovnanian, KB Home 10:38 AM: MBA: Commercial/Multifamily Mortgage Debt Outstanding Increased For First Time Since 2009 10:20 AM: ECON: Leading Economic Index Signals Weak Growth 10:07 AM: Freddie Mac: Fixed Rate Mortgages Hold Steady at Record Lows »View All Micro News Around the Web ICBA: CFA Will Create Jobs, Help Community Banks Bolster Economic Recovery Crash in Home Prices, Tight Lending Blocked 2.3 Million Refis Can the Foreclosure Crisis Be Solved? Federal Reserve Board issues enforcement action with SWNB Bancorp, Inc. What's Behind the Bank of America, Citi, and Wells Fargo Downgrades? Most Expensive Homes: What One Month's Mortgage Can Buy »View More Around the Web Video News Fed's Lifeline to Struggling Housing Market Feroli Says Fed May `Refine Guidance' on Interest Rates Sargen Says Fed's Move Won't Help U.S. Mortgage Market »View More Video News Today's Comments "Less mkt uncertainty will tighten CC #MBS yield spreads. The Fed's bid will intensify that move, then provide stability." "I like the 3.5 vs 4.0 chart. haven't seen that before. Awesome breakdown, as usual, MG." "The simple truth is we have gotten what we have because we offered nothing as an alternative. The interpretation of how to implement all of the new regulations..." »View More Comments Today's Q&A "RE short sale; if the selling price exceeds the banks agreed..." "How can i work for the banks and clean out homes?" "If someone buys a single family home for cash, how long until..." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.85 -0.13 15YR 3.25 0.00 FHA30YR 3.75 -0.02 Jumbo30YR 4.11 -0.14 5/1ARM 3.05 -0.04 MBS Quotes 30YR FNMA 3 103-21 0-21 30YR FNMA 4 105-21 0-12 30YR FNMA 4 106-26 0-08 30YR FNMA 5 108-03 0-05 Treasuries 2 YR 0.2018 0.0038 3 YR 0.3397 -0.0163 5 YR 0.7802 -0.0658 7 YR 1.2289 -0.0961 10 YR 1.7180 -0.1380 30 YR 2.7942 -0.2038 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. FHFA Home Price 0.80% Existing Home -1.63% Existing Home 7.71% Mortgage Application 10.02% Mortgage Refinance 13.45% Mortgage Purchase 0.82% 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