Daily Newsletter: Mortgage Rates Drop at Fastest Pace in Three Weeks; Bi-Partisan Housing Reform

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30 Year Fixed 3.59%   -0.04 15 Year Fixed 2.92%   -0.03 10YR Treasury 1.87%   -0.1034 FNMA 30YR 3.5 105.69   +0.42 FNMA 15YR 2.5 105.19   +0.20 View Today's Rates

Monday February 25, 2013 Mortgage Rate Watch - 4:26PM Mortgage Rates Drop At Fastest Pace In Three Weeks After Italian Elections Mortgage rates moved lower today by the widest margin in over three weeks. The faster-paced movement is courtesy of political tensions in Italy surrounding the country's elections over ... MND NewsWire - 3:01PM Bi-Partisan Commission Issues Suggestions for Housing Reforms A bi-partisan group of former senators, Cabinet secretaries, and other housing and economic experts have released what is termed a new proposal for a housing finance system . The report ... MND NewsWire - 11:46AM Individual Loan Officer Applications Fall for the First Time Since 2011 NMLS has reported that 120,142 individuals are now licensed by the states as mortgage loan originators (MLOs) as are 16,688 companies. NMLS's Fourth Quarter report includes tallies ... Pipeline Press - 9:34AM The Fed's Impact on REITs; USDA Update - Keep our Fingers Crossed A study by the Brookings Institution of the largest 100 metropolitan areas quantifies what Realtors have intuitively known forever: housing costs an average of 2.4x more near a high ... MBS RECAP: Italian Elections Make For Bond Market Face-Melter Better Know the Cost to Produce a Loan; Smoldering Non-agency Security Market; LO Earnings Mortgage Settlement Aids 550K Homeowners, Totaling $45 Billion Record Drop in Foreclosure Starts, but 90 Day Delinquencies Increase -MBA Sellers' Market Developing According to NAR Latest Video Santelli's Midday Bond Report Santelli's Rain Dance Around Fed Policy U.S. Housing Recovery to Accelerate, Wetenhall Says More News from 'Around the Web' Bloomberg - 5:00PM Radian to Sell Shares, Notes to Boost Mortgage-Unit Capital Bloomberg - 4:17PM Moody's Promises Caps on Mortgage-Bond Ratings as Terms Loosen Market Watch - 4:16PM Corker Q&A: Future of consumer bureau with Obama CNBC - 3:53PM Boston Fed Chief: Banks May Not Have Enough Capital in a Crisis Reuters - 3:52PM Blueprint calls for shifting housing finance to private sector SIFMA - 12:53PM SIFMA Statement on BPC Housing Commission Recommendations Reuters - 12:48PM Exclusive: Goldman to begin fresh round of job cuts - sources Bloomberg - 12:48PM First U.S. Bank Regulations May Look Strikingly Familiar - Bloomberg Market Watch - 12:47PM Will the snake-bite effect hurt housing? www.mersinc.org - 11:52AM Federal Court in Washington Sides with MERS Business Week - 8:10AM Lowe's Profit Tops Estimates on Housing Recovery www.aei.org - 9:42PM How could FHA have contributed to the housing bust? Today's Comments MBS Live Chat - 3:10PM "REPRICE : 3:10 PM - Pinnacle Better..." MBS Live Chat - 1:58PM "REPRICE : 1:58 PM - Provident Funding Better..." MBS Live Chat - 1:58PM "REPRICE : 1:58 PM - Platinum Mortgage Better..." MBS Live Chat - 1:57PM "REPRICE : 1:57 PM - PHH Better..." MBS Live Chat - 1:28PM "REPRICE : 1:28 PM - Chase Better..." MBS Live Chat - 1:24PM "REPRICE : 1:24 PM - Interbank Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.59% -0.04 15 Yr FRM 2.92% -0.03 FHA 30 Year Fixed 3.32% -0.03 Jumbo 30 Year Fixed 3.79% -0.03 5/1 Yr ARM 2.99% -0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.70% 1.16 -0.11 30 Yr. Fixed 3.47% 1.29 -0.07 MBA ** 30 Yr. Fixed 3.75% 0.43 +0.02 15 Yr. Fixed 3.01% 0.28 +0.01 30 Yr. Jumbo 3.98% 0.36 +0.02 30 Yr. FHA 3.53% 0.39 +0.00 5/1 ARM 2.66% 0.31 -0.06 Freddie Mac ** 30 Yr. Fixed 3.56% 0.80 +0.03 15 Yr. Fixed 2.77% 0.80 +0.00 1 Yr. ARM 2.65% 0.40 +0.04 5/1 Yr. ARM 2.64% 0.50 +0.00 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 3.0 103.56 +0.63 30YR FNMA 3.5 105.69 +0.42 30YR GNMA 3.0 104.77 +0.69 30YR GNMA 3.5 107.59 +0.52 15YR FNMA 3.0 105.19 +0.20 15YR FNMA 2.5 103.78 +0.31 Treasuries Yield Change 2 YR 0.2419% -0.0121 5 YR 0.7617% -0.0695 10 YR 1.8654% -0.1034 30 YR 3.0602% -0.1004 Prices as of: 2/25/2013 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Sellers' Market Developing; Solid 2013 Housing Market; Appraisal Reform

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30 Year Fixed 3.62%   -0.02 15 Year Fixed 2.94%   -0.02 10YR Treasury 1.98%   -0.0347 FNMA 30YR 3.5 105.27   +0.06 FNMA 15YR 2.5 104.95   0.00 View Today's Rates

Thursday February 21, 2013 MND NewsWire - 2:16PM Sellers' Market Developing According to NAR The National Association of Realtors® (NAR) said today that a sellers' market is developing in real estate as home sales edge up and home prices continue to rise steadily compared ... MND NewsWire - 11:09AM Housing Fundamentals Suggest Solid 2013 Recovery Fannie Mae's economists said on Thursday that, despite the feeble note on which 2012 ended, the economy has the building blocks, including housing, for strong growth . Housing is now ... MND NewsWire - 4:11PM Record Drop in Foreclosure Starts, but 90 Day Delinquencies Increase -MBA Mortgage delinquency rates fell in the fourth quarter of 2012 to their lowest rates since 2008. According to data from the National Delinquency Survey (NDS) released by the Mortgage ... MND NewsWire - 4:31PM Mortgage Settlement Aids 550K Homeowners, Totaling $45 Billion The five mortgage servicers involved in last year's $25 billion settlement over servicer errors and abuses have now distributed an average of $82,000 in relief to each of 550,000 homeowners ... MND NewsWire - 10:22AM NAHB Calls for Broad Reform of Appraisal System Calling the current residential appraisal system " impaired ," the National Association of Homebuilders ( NAHB ) has issued a white paper recommending improvements to "produce more ... Mortgage Rates Bounce Back Moderately From Recent Highs MBS MID-DAY: Bond Markets Sideways At Week's Best Levels FHA Market Share Continues to Ease, Refinancing at Recent Highs Letter on CFPB Exams; Good Site for Bank Research; Bank M&A Continues; Purchase Loans Cost More than Refis?! Building Permits and Single Family Starts at 5 Year Highs Despite Multi-Family Slump Mortgage Application Volume Dips Again as Rates Move to Five Month Highs Latest Video Markets React to Fed & Economic Data Existing Home Sales Up 0.4% in January Santelli Contemplates FOMC Minutes More News from 'Around the Web' CNBC - 4:12PM The Mysterious Minutes of the Federal Reserve Bloomberg - 3:20PM Dealer Survey Sees Fed Asset Purchases Reduced by January 2014 Bloomberg - 3:20PM Banks Increasing Mortgage Forgiveness as Deadline Looms CNBC - 2:22PM Who's Afraid of QE Ending? Not the Bond Market Reuters - 12:20PM Fed's Fisher wants to taper off QE this year if economy improves Google News - 11:22AM January Existing-Home Sales Hold with Steady Price Gains, Seller's Market Developing NAHB - 11:21AM Nationwide Housing Affordability Increases at Year-End 2012 Business Week - 11:11AM 5 big US banks have cut mortgage debt by $19B freddiemac.mwnewsroom.com - 10:14AM Freddie Mac: Average 30-Year Fixed-Rate Mortgage Up a Smidgen The Huffington Post - 9:45AM Justice Department's Latest Ploy of 'Getting Tough' on Wall Street 'Beyond Laughable' www.cfpbmonitor.com - 8:49AM Director Cordray targets payday and student lenders in remarks to Consumer Advisory Board www.aei.org - 8:49AM Pinto: Rebuilding the housing sector www.usnews.com - 12:09AM Florida's 'Fair Foreclosure Act' Is Anything But Fair Today's Comments MND NewsWire - 3:55PM "How about an system of accountability for appraisers? I have had appraisal come in $70K apart within 30 days, and an appraisor who had made over 2 1/2 pages of errors and refuse to correct them? A system of checks and balances needs to be put in place for some of these guy's who work markets they aren..." MBS Live Chat - 3:52PM "REPRICE : 3:52 PM - Flagstar Worse..." MBS Live Chat - 3:49PM "REPRICE : 3:49 PM - Sierra Pacific Worse..." MBS Live Chat - 2:03PM "I'm floating new stuff. NFP is the next chance I see for any good economic news...." MBS Live Chat - 1:29PM "Just happy to see 103 for more than 60 seconds...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.62% -0.02 15 Yr FRM 2.94% -0.02 FHA 30 Year Fixed 3.34% -0.02 Jumbo 30 Year Fixed 3.81% -0.02 5/1 Yr ARM 3.02% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.70% 1.16 -0.11 30 Yr. Fixed 3.47% 1.29 -0.07 MBA ** 30 Yr. Fixed 3.75% 0.43 +0.02 15 Yr. Fixed 3.01% 0.28 +0.01 30 Yr. Jumbo 3.98% 0.36 +0.02 30 Yr. FHA 3.53% 0.39 +0.00 5/1 ARM 2.66% 0.31 -0.06 Freddie Mac ** 30 Yr. Fixed 3.56% 0.80 +0.03 15 Yr. Fixed 2.77% 0.80 +0.00 1 Yr. ARM 2.65% 0.40 +0.04 5/1 Yr. ARM 2.64% 0.50 +0.00 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 3.0 102.89 +0.08 30YR FNMA 3.5 105.27 +0.06 30YR GNMA 3.0 103.94 0.00 30YR GNMA 3.5 107.00 -0.08 15YR FNMA 3.0 104.95 0.00 15YR FNMA 2.5 103.48 +0.02 Treasuries Yield Change 2 YR 0.2540% -0.0081 5 YR 0.8378% -0.0242 10 YR 1.9757% -0.0347 30 YR 3.1639% -0.0352 Prices as of: 2/21/2013 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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