Scope of California Homeowner Bill of Rights Narrows; Mortgage Rates All-Time Lows

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings: Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Jun 25, 2012 4:42PM Scope of California Homeowner Bill of Rights Narrowed by Recent Negotiations California's proposed Homeowner Bill of Rights , originally proposed by the state's attorney general Kamala Harris and covered here has been modified extensively following what the Center for Responsible Lending (CRL) calls six weeks of intense negotiation with banks, legislators, the attorney general and consumer groups. Among the changes reported by CRL is a narrowed scope for both the loans and servicers covered by the bill. The only loans to which the bill will now apply are first mortgages on... Jun 25, 2012 3:16PM Mortgage Rates Continue Bouncing Along All-Time Lows Mortgage Rates moved lower today as markets largely shied away from risk ahead of this week's meeting of European leaders to discuss the Euro-zone debt crisis. Market participants are skeptical of any major progress and favored the relative safety of bond markets. Increased demand for fixed income securities like Treasuries and Mortgage-Backed-Securities causes prices to rise and rates to fall. Mortgage Rates fell as a result with the Conventional 30yr Fixed Best-Execution Rate at 3.625%. In most... MBS RECAP: Extremely Quiet Trading Day Leaves MBS In The Green Think Tank Measures FHA Progress Old Republic and Foreclosure Legality Updates; CA Homeowner Bill of Rights Nears Vote; Lots of Training and Education News New Home Sales at Highest Point in Two Years MBS MID-DAY: Week Begins Slowly, Steadily, And Holding Gains The Week Ahead: Treasury Auctions, Busier Data Calendar, And EU Summit View: Front Page | Headline Viewer Micro News 1:02 PM: MBS Return To Monthly Highs In Quiet Monday Morning Trading 10:07 AM: ECON: New Home Sales Beat (Or Miss) Consensus 9:15 AM: Bond Markets Open In Stronger Territory Following "Risk-Off" Cues From Europe 2:39 PM: Negative Reprice Risk Picking Up As Leakage Continues 2:02 PM: Overall Market Dynamics Largely Similar To This AM, MBS Hangin' Tough 9:22 AM: Bond Markets Weaker Overnight And This Morning. Data Calendar Empty 4:16 PM: Coasting Out The Door Sideways After Reclaiming Lost Territory 12:39 PM: Positive Reprices Reported as MBS Trudge Resolutely Upward »View All Micro News Around the Web SEC Halts $100 Million Real-Estate Based Ponzi Scheme Citigroup says austerity is working, no such thing as a ?Keynesian Laffer Curve' Bank Of America's Mortgage-Modification Practices Border On 'Unconscionability,' Judges Say Statement of Paul Leonard on Federal Bank Regulators' "Financial Remediation Framework" Detailing Compensation for Borrowers Wronged by Servicers ICBA: Credit Rating Downgrade Highlights Danger of Banking Concentration CRL: New Research: Homeowner Bill of Rights Could Speed Economic Recovery »View More Around the Web Video News `Great Momentum' in U.S. Housing Market, Kelly Says May New Home Sales at 2-Year High Santelli's Midday Bond Report »View More Video News Today's Comments "I think it is hard to make the argument that rates across the board are higher because of government regulation because rates are ...now correct me if..." "The reason disclosures won't solve the problem, is because the problem was and is not with the disclosures, rates or fees. The methods for valuing..." "http://www.consumerfinance.gov/the-bureau/ I agree that educating people regarding financial transactions is a key part of protecting them. It's really..." »View More Comments Today's Q&A "Book value for REO & reserve required - is Fed requirement still $8 to $1" "who offers NINA loans? & What is typical loan-to-value on NINA loans?" "do bank accept condo as collateral for cash loan" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.74 -0.01 15YR 3.00 -0.01 FHA30YR 3.65 -0.02 Jumbo30YR 4.09 -0.02 5/1ARM 3.00 -0.02 MBS Quotes 30YR FNMA 3 105-07 0-10 30YR FNMA 4 106-17 0-07 30YR FNMA 4 107-11 0-03 30YR FNMA 5 108-10 0-02 Treasuries 2 YR 0.2988 -0.0042 3 YR 0.3962 -0.0188 5 YR 0.7058 -0.0482 7 YR 1.0780 -0.0680 10 YR 1.6024 -0.0736 30 YR 2.6750 -0.0860 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -0.83% Mortgage Refinance 0.97% Mortgage Purchase -8.51% Existing Home -1.52% New Home Sales 7.58% Building Permits 7.88% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Of Course the Borrower is Paying for Higher Lending Costs - Did Our Gov' t Think Lenders Would?

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings: Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Jun 22, 2012 10:42AM Of Course the Borrower is Paying for Higher Lending Costs - Did Our Gov't Think Lenders Would? Want some good news? My grades did not qualify me for admittance to Harvard (that is not the good news), but that institution put out good research material that is positive for housing this year . ( Read: Harvard's State of Housing Report Says Home Construction Now Adding to GDP ) Here is some on housing for 2012. If you have ADD, like me, at least click on "Signs of a Turnaround in the U.S. Housing Market: 2012 State of the Nation's Housing Report Released" and peruse the Executive Summary: jchs... Jun 22, 2012 1:38PM Mortgage Rates Drift Sideways Despite Rising Treasury Yields Mortgage Rates rose microscopically today as mortgage markets essentially moved sideways just off yesterday's slightly stronger levels, with little news or data driving trade. To emphasize how small the changes are, we'd note that a few lenders are even priced better than yesterday, but the average Best-Execution rate is 0.01 higher. As a vast majority of lenders price in one-eighth (0.125%) increments, this leaves the dominant Best-Execution rate for Conventional 30-yr Fixed loans at 3.625% with... Industry Reps say RESPA/TILA Should Wait for Dodd-Frank Implementation MBS MID-DAY: Outperforming As Treasuries Head For Sidelines Regulators Tell GSEs to Assist Military with Short Sales FHA Streamline Investor Changes; Other Lender Tweaks to Slow/Control Volume The Day Ahead: Empty Domestic Calendar Leaves EU In Focus Mortgage Rates Bounce Back Near All-Time Lows Following Yesterday's Rise View: Front Page | Headline Viewer Micro News 2:39 PM: Negative Reprice Risk Picking Up As Leakage Continues 2:02 PM: Overall Market Dynamics Largely Similar To This AM, MBS Hangin' Tough 9:22 AM: Bond Markets Weaker Overnight And This Morning. Data Calendar Empty 4:16 PM: Coasting Out The Door Sideways After Reclaiming Lost Territory 12:39 PM: Positive Reprices Reported as MBS Trudge Resolutely Upward 10:17 AM: Initial Reaction To 10AM Data Positive For Bond Markets, Stocks Fall 10:06 AM: ECON: Leading Indicators Rise Slightly Faster Than Expected 10:04 AM: FHFA: House Price Index Up 0.8 Percent in April »View All Micro News Around the Web Does Dodd-Frank Legislation End Too Big to Fail? Why Oil Prices Will Keep Falling: Record Pumping Foreclosure Victims Get Another Underwhelming Payday Why Home Prices Are Better and Worse Fed's Lacker Says Operation Twist Won't Help Growth, Jobs - Bloomberg Fed's Bullard Says QE3 Would Have 'High Hurdle' - Bloomberg »View More Around the Web Video News Moody's Bank Downgrades Non-Event? 90 Seconds with Art Cashin: Mario Monti's 'Magical Week' Santelli on the Danger in 'Dark Pools' »View More Video News Today's Comments "That's the problem, Rob. Our Govt leaders aren't THINKING. They let their own egos and desire to look like they are doing something useful get..." "Aren't the majority of mortgages taken out by service people through VA (GNMA)? Shouldn't these changes apply to those mortgages rather than Fannie..." "Logic cited was that these loans were 3 years old and had a history of performing. A cynic might note that since they were three years old, no refund of..." »View More Comments Today's Q&A "do bank accept condo as collateral for cash loan" "How do you figure out capital gain on sale of home?" " How do I go about changing the name on the deed of the home?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.75 0.01 15YR 3.01 0.01 FHA30YR 3.67 0.01 Jumbo30YR 4.11 0.02 5/1ARM 3.02 0.01 MBS Quotes 30YR FNMA 3 104-29 -0-05 30YR FNMA 4 106-10 -0-02 30YR FNMA 4 107-08 0-00 30YR FNMA 5 108-08 0-01 Treasuries 2 YR 0.3068 0.0043 3 YR 0.4121 0.0031 5 YR 0.7527 0.0257 7 YR 1.1438 0.0448 10 YR 1.6725 0.0525 30 YR 2.7578 0.0698 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Building Permits 7.88% Housing Starts -4.84% Construction 0.10% Mortgage Application 17.97% Mortgage Refinance 19.17% Mortgage Purchase 12.84% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Mortgage Rates Rise After Fed; FOMC Statement; Origination Stats

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings: Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Jun 20, 2012 4:24PM Mortgage Rates Rise Modestly Before And After Today's FOMC Events Mortgage Rates rose modestly today even before the FOMC-related events caused additional weakness in the afternoon. That said, the overall level of market movement and movement in mortgage rates was on the tame side compared to past examples of Fed days, and it left lenders' rate sheets in line with recent offerings, though drifting up towards a 3.75% Best-Execution level to a greater extent than the past few sessions. For the record, we'd say Best-Ex remains at 3.625, but some lenders will have... Jun 20, 2012 1:02PM Differences Between Current and Previous FOMC Statements Information received since the Federal Open Market Committee met in March April suggests that the economy has been expanding moderately. Labor market conditions have improved moderately this year. However, growth in employment has slowed in recent months; months, and the unemployment rate has declined but remains elevated. Household spending and business Business fixed investment have has continued to advance. Household spending appears to be rising at a somewhat slower pace than earlier in the year... MBS RECAP: Down Day For Bond Markets; Longer-Term Trends Intact Ellie Mae: Origination Insight Report for May Bond Markets Shying Away From More Serious Selling, Waiting On Bernanke Clarity on Buybacks? MI in the Age of HARP; High Level Mortgage Jobs LPS: National Delinquency Rate Jumps 1.1% in May MBS MID-DAY: Bond Markets Remain Under Pressure From Overseas And Looming FOMC View: Front Page | Headline Viewer Micro News 2:50 PM: MBS/TSYs Bouncing Back From Previous Technical Boundaries 2:28 PM: Fed Forecasts A Relative Non-Event For Bond Markets 1:22 PM: NY Fed's Statement On Continuation of Maturity Extension 1:12 PM: A Bigger Leg Down For MBS, Negative Reprices A Bigger Risk 12:55 PM: MBS Struggle With Feelings Of Exclusion, Potential Negative Reprices 12:33 PM: TWIST EXTENDED, FIRST MOVE IS POSITIVE FOR MBS 10:29 AM: Stocks Bounce, Bund Yields Soar, TSYs Follow, MBS On The Ropes 9:38 AM: Overnight Weakness In Bond Markets Meeting Some Support »View All Micro News Around the Web Cole Taylor Bank Launches Major Expansion of Retail Mortgage Business HuffPost: Freddie Mac and PNC Have 'Forgotten Us' Video: Q&A with David Blitzer from S&P Capital IQ Housing Webinar Statement regarding continuation of the maturity extension program Federal Reserve Board and Federal Open Market Committee release economic projections from the June 19-20 FOMC meeting ABA Testifies on Importance of Mortgage Disclosure Reform »View More Around the Web Video News Fed Running Out of Options? How Real is Housing Recovery? Refinancing Hits All-Time High »View More Video News Today's Comments "If the CFPB's goal was to set up a web site to collect complaints, they should set one up for complaints regarding the CFPB." "While this article is ver interesting it is important to note that banks do not need deposits before they lend. They only need capital, which is the only..." "As long as brokers disclose their YSP and consumers are able to shop around what's the issue? I can buy a TV at CompUSA for 300 and the same TV at..." »View More Comments Today's Q&A " How do I go about changing the name on the deed of the home?" "Can I modify my existing Loan to lower tha I.Rate & payment?" "Mortgage process stalled due to underwriting flags, options?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.76 0.02 15YR 3.01 0.01 FHA30YR 3.68 0.03 Jumbo30YR 4.12 0.03 5/1ARM 3.03 0.02 MBS Quotes 30YR FNMA 3 104-26 -0-12 30YR FNMA 4 106-05 -0-07 30YR FNMA 4 107-03 -0-03 30YR FNMA 5 108-03 -0-02 Treasuries 2 YR 0.3146 0.0246 3 YR 0.4225 0.0365 5 YR 0.7508 0.0468 7 YR 1.1203 0.0373 10 YR 1.6503 0.0303 30 YR 2.7259 -0.0081 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Building Permits 7.88% Housing Starts -4.84% Construction 0.10% Mortgage Application 17.97% Mortgage Refinance 19.17% Mortgage Purchase 12.84% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031