Daily Newsletter: Mortgage Rates Level-Off; Pending Home Sales Fall; FHA May Request Bailout; Cash Sales Surge

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30 Year Fixed 4.34%   +0.00 15 Year Fixed 3.44%   -0.01 10YR Treasury 2.65%   +0.0255 FNMA 30YR 3.5 101.52   -0.20 FNMA 15YR 2.5 103.16   -0.13 View Today's Rates

Thursday September 26, 2013 Mortgage Rate Watch - 3:47PM Mortgage Rates Level-Off at 3-Month Lows Mortgage rates were unchanged today, keeping them in line with the lowest levels in over three months. This is the 12th business day in a row where rates have either been unchanged ... MND NewsWire - 11:02AM Pending Home Sales Fall; NAR Expects Decline to Continue As the National Association of Realtors® (NAR) said it had anticipated, pending home sales eased in August falling what may have been accelerated activity earlier in the summer ... MND NewsWire - 10:22AM FHA May Request Bailout as Early as Next Week Reuters and the Wall Street Journal are both reporting that the Department of Housing and Urban Development (HUD) and its Federal Housing Administration (FHA) will be seeking Treasury ... MND NewsWire - 1:04AM Cash Sales Jump to 45 percent in August Distressed homes accounted for 25 percent of residential home sales in August, up 2 percentage points from July. RealtyTrac, in its August U.S. Residential and Foreclosure Sales Report ... One-third of Shadow Inventory Cleared in Last Year How a Government Shut Down Would Impact Lending MBS RECAP: Off Yesterday's Highs but Holding Ground Freddie Mac Issuance Still Refi-Heavy in August Foreclosure Starts Halved over 12 Months Latest Video Santelli: FHA may need taxpayer bailout Higher mortage rates hits housing Olick: Best deals in distressed housing More News from 'Around the Web' CNBC - 5:13PM Why October will be good for bonds: Pro Reuters - 3:32PM U.S. seniors lock in reverse mortgages before rules change Bloomberg - 3:18PM Why Would Anyone Buy Credit Default Swaps on the U.S.? - Bloomberg WSJ - 2:53PM Three Takeaways on the FHA's Financial Woes Reuters - 1:26PM Fed officials admit communication problems over taper CRL - 1:20PM Keep FHA and the American Dream Washington Post - 12:40PM Jeremy Stein would make a great No. 2 at the Fed. This speech shows why. Market Watch - 12:40PM Fed's Kocherlakota wants to boost, not taper, QE3 Reuters - 10:34AM JPMorgan CEO Dimon meeting with U.S. Attorney General: sources Market Watch - 10:33AM Fed's Stein backs 'mechanical' taper tied to data CNBC - 10:31AM 'Last hurrah?' Pending home sales fall in August Google News - 10:30AM Pending Home Sales Decline in August freddiemac.mwnewsroom.com - 10:29AM 30-Year Fixed-Rate Mortgage at Nine Week Low OCC - 10:29AM OCC Reports Continued Improvement in Mortgage Performance CNBC - 9:50AM JPMorgan CEO Dimon arrives at Justice Department Reuters - 9:39AM U.S. jobless claims fall; no more backlog of unprocessed claims CNBC - 9:38AM US jobless hits six-year low as economy expands CNBC - 9:24AM CNBC's Steve Liesman: Americans Downbeat on Economy Ahead of DC Battle HUD - 9:23AM Mortgagee Letter 2013-33 www.federalregister.gov - 9:23AM Stress Testing of Regulated Entities Today's Comments MND NewsWire - 6:42PM "Financial education is a must, but the four D's presented here focus on external factors. Sure, we have to address these risks, but we cannot overlook the other "deficiencies" that plague consumers: the lack of personal Discipline; the Desire to make the right choices; the Determination to live within..." MND NewsWire - 11:26PM "This data illustrates all too clearly how important it is for originators to collect, and analyze, income docs from borrowers EARLY in the loan process, rather than merely waiting for processors to ask borrowers for their tax returns, paystubs, etc. Another article today mentioned huge turn down rates..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.34% +0.00 15 Yr FRM 3.44% -0.01 FHA 30 Year Fixed 4.06% +0.01 Jumbo 30 Year Fixed 4.36% -0.01 5/1 Yr ARM 3.10% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.62% 0.41 -0.13 15 Yr. Fixed 3.68% 0.28 -0.13 30 Yr. Jumbo 4.66% 0.29 -0.17 30 Yr. FHA 4.32% 0.37 -0.18 5/1 ARM 3.39% 0.35 -0.15 Freddie Mac ** 30 Yr. Fixed 4.32% 0.70 -0.18 15 Yr. Fixed 3.37% 0.70 -0.17 1 Yr. ARM 2.63% 0.40 -0.02 5/1 Yr. ARM 3.07% 0.50 -0.04 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 97.34 -0.30 30YR FNMA 3.5 101.52 -0.20 30YR GNMA 3.0 98.34 -0.28 30YR GNMA 3.5 102.61 -0.20 15YR FNMA 3.0 103.16 -0.13 15YR FNMA 2.5 100.19 -0.14 Treasuries Yield Change 2 YR 0.3402% +0.0000 5 YR 1.4318% +0.0471 10 YR 2.6462% +0.0255 30 YR 3.6960% +0.0357 Prices as of: 9/26/2013 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: New Home Sales Regain Modest Momentum; Mortgage Applications Higher as Rates Continue Lower; Mortgage Fraud Shifts to Income

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30 Year Fixed 4.34%   -0.05 15 Year Fixed 3.45%   -0.05 10YR Treasury 2.62%   -0.0345 FNMA 30YR 3.5 101.72   +0.34 FNMA 15YR 2.5 103.28   +0.16 View Today's Rates

Wednesday September 25, 2013 MND NewsWire - 11:28AM New Home Sales Regain Modest Momentum New home sales turned upward in August after an especially poor showing in July, though remain well off levels from the first half of the year. The Census Bureau and the Department ... Mortgage Rate Watch - 4:02PM Mortgage Rates' Winning Streak Continues Mortgage rates fell to new 3-Month lows today. That makes this the 11th straight day where rates have held steady or moved lower. Conforming, 30yr Fixed rates remained at 4.375% ( best ... MND NewsWire - 10:45AM Mortgage Applicants Lying Less about Property, More about Income Incidents of mortgage application fraud identified in the second quarter were less likely to be property related and more likely to be tied to income information than they were the ... MND NewsWire - 9:19AM Falling Mortgage Rates Boost Purchase, Refinance Activity Applications for both refinancing and home purchase increased last week as mortgage interest rates retreated. The Mortgage Bankers Association (MBA) said that its Market Composite Index ... MBS RECAP: Rally Continues After Data Stays Silent More on Temporary Leave, Branch Manager Comp; are Companies Liable for Employee Fraud? These Four "D's" Plague Consumers Seeking Credit -Cordray Home Prices Increased Substantially in July, but Growth May be Slowing Pending Sales: Another Indication of Cooling California Boom Latest Video Citi to pay Freddie $395 million Haunted housing The big housing bubble More News from 'Around the Web' Bloomberg - 5:20PM Gross Says Investors Shouldn't Trust Moody's on U.S. AAA Rating CNBC - 5:18PM Does the FHA need a bailout? Reuters - 5:18PM Citigroup to pay $395 million to settle Freddie Mac mortgage claims Market Watch - 5:14PM FHA may need $1 billion infusion, WSJ reports House Financial Services - 4:50PM Chairman Hensarling Statement on FHA Bailout The Huffington Post - 3:41PM JPMorgan Could Pay $11 Billion To Settle Mortgage Probes: Report Bloomberg - 3:36PM Deutsche Bank Said to Propose Creating Bond Platform With Rivals - Bloomberg CNBC - 2:03PM Wal-Mart: Slashed orders report 'completely false' Bloomberg - 1:45PM Wal-Mart Cutting Orders as Unsold Merchandise Piles Up - Bloomberg Bloomberg - 1:45PM Blackstone Said to Gather $2 Billion for Real Estate - Bloomberg CNBC - 1:29PM Household wealth rises $1.3 trillion CNBC - 12:08PM Mortgage alert: Borrowers change how they cheat www.corelogic.com - 10:51AM CoreLogic Reports Fraud Risk Among Mortgage Applications Declined 5.6 Percent in Second Quarter of 2013 CNBC - 10:15AM See It Again: Santelli gets scolding CNBC - 10:14AM New home sales rise by 421,000 in August CNBC - 9:27AM Sec. Lew: Extraordinary budget measures will be exhausted no later than Oct. 17 Bloomberg - 8:33AM Freddie Neglected $4.6 Billion Chance to Seize Assets - Bloomberg Reuters - 8:33AM 'Massive fraud' at center of trial against BofA over U.S. mortgages Market Watch - 8:31AM The bank that rejects the most mortgages Today's Comments MBS Live Chat - 2:54PM "wow another new daily high..." MBS Live Chat - 3:04PM "Was there news a few mins ago or just getting through a technical level? What are we looking at for future pivots on the way down on the 10 yr, MG?..." MBS Live Chat - 3:05PM "3pm Treasury close JA. That's not to say there wasn't a discreet cause and effect, but it's not uncommon to see a pick up in volume and volatility heading into and out of 3pm...." MBS Live Chat - 2:47PM "we would need weak data, especially jobs# and gdp..." MBS Live Chat - 2:47PM "agreed Gus, we need a crappy NFP..." MBS Live Chat - 2:47PM "problem is EPO period..." MBS Live Chat - 3:04PM "Sung, can you expand on your very valid EPO comment, because I'm guessing half of us understand and are right there with you and the other half would just like to see a crappy jobs report...." MBS Live Chat - 3:09PM "Regarding EPO's, think we have a long way to go before folks that locked in July (and closed in August) start feeling the urge to refinance again...." MBS Live Chat - 3:09PM "MG - Sung may be helping clients as we speak... EPO refers to Early Payoff, as in EPO penalty that most, if not all lenders place on loans that pay off in 4-6 months from purchase..." MBS Live Chat - 3:10PM "if you are a correspondent, factor in additional time, as it typically is from purchase date NOT close date, unlike broker deals..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.34% -0.05 15 Yr FRM 3.45% -0.05 FHA 30 Year Fixed 4.05% -0.05 Jumbo 30 Year Fixed 4.37% -0.01 5/1 Yr ARM 3.11% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.44% 0.85 +0.40 30 Yr. Fixed 4.27% 1.09 +0.51 MBA ** 30 Yr. Fixed 4.62% 0.41 -0.13 15 Yr. Fixed 3.68% 0.28 -0.13 30 Yr. Jumbo 4.66% 0.29 -0.17 30 Yr. FHA 4.32% 0.37 -0.18 5/1 ARM 3.39% 0.35 -0.15 Freddie Mac ** 30 Yr. Fixed 4.50% 0.70 -0.07 15 Yr. Fixed 3.54% 0.70 -0.05 1 Yr. ARM 2.65% 0.40 -0.02 5/1 Yr. ARM 3.11% 0.50 -0.11 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 97.64 +0.44 30YR FNMA 3.5 101.72 +0.34 30YR GNMA 3.0 98.63 +0.55 30YR GNMA 3.5 102.81 +0.41 15YR FNMA 3.0 103.28 +0.16 15YR FNMA 2.5 100.33 +0.31 Treasuries Yield Change 2 YR 0.3402% +0.0099 5 YR 1.3847% -0.0395 10 YR 2.6207% -0.0345 30 YR 3.6603% -0.0104 Prices as of: 9/25/2013 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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