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  • Mon, May 18 2009
  • 8:34 PM » FHFA Report Details Examinations of Fannie, Freddie, and Federal Home Loan Banks
    Published Mon, May 18 2009 8:34 PM by FHFA
    The report includes information being reported for the first time, including conclusions from the examinations of the FHLBanks, information about the compensation of FHLBank directors, and housing mission and goals information for all 14 GSEs. As required by HERA, the report also includes an assessment of the regulated entities by the Federal Housing Finance Oversight Board comprised of the Secretary of the Treasury, Secretary of Housing and Urban Development, Chairman of the Securities and Exchange Commission, and the FHFA Director, who serves as Chairman.
  • 12:26 PM » Profile of GSE Purchases from 2005-2007
    Published Mon, May 18 2009 12:26 PM by www.huduser.org
    The Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as revised by Section 1126 of the Housing and Economic Recovery Act of 2008, requires that the Department of Housing and Urban Development publicly release data–in forms useful to the public–on mortgages purchased by Fannie Mae and Freddie Mac.
    Click Here to Read the Full Article

    Source: www.huduser.org
  • Sun, May 17 2009
  • 11:34 AM » Bank Chiefs Will Be Replaced in Next Few Months, Bair Predicts
    Published Sun, May 17 2009 11:34 AM by Bloomberg
    Bank chief executives will be replaced in the next couple of months as the U.S. scrutinizes financially troubled lenders, Federal Deposit Insurance Corp. Chairman predicted. “Management needs to be evaluated,” Bair said yesterday on Bloomberg Television’s “Political Capital with Al Hunt,” being broadcast this weekend. “Have they been doing a good job? Are there people who can do a better job?”
  • Fri, May 15 2009
  • 2:30 PM » Fannie Mae: New Second Lien Program, Foreclosure Alternatives, Home Price Decline Protection Incentives
    Published Fri, May 15 2009 2:30 PM by view.exacttarget.com
    Making Home Affordable Updates: New Second Lien Program, Foreclosure Alternatives, Home Price Decline Protection Incentives
    Click Here to Read the Full Article

    Source: view.exacttarget.com
  • 10:09 AM » The Banking Industry, Three trillion dollars later...
    Published Fri, May 15 2009 10:09 AM by www.economist.com
    COULD there be a better time to be a bank? If you have capital and courage, the markets are packed with opportunities—as they well understand at Goldman Sachs, which is once again filling its boots with risk. Governments are endorsing high leverage and guaranteeing huge parts of the financial system, so you get to keep the profits and palm off the losses on the taxpayer. The threat of nationalisation has receded, reinvigorating the banks’ share prices. Money is cheap, deposits plentiful and borrowers desperate, so new lending promises handsome margins. Back before the crash, banks’ profits just looked big; today they might even be real.
    Click Here to Read the Full Article

    Source: www.economist.com
  • Thu, May 14 2009
  • 4:17 PM » Fed Purchases $27.2bn Agency MBS
    Published Thu, May 14 2009 4:17 PM by NY Fed
    Purchases in agency MBS by investment managers acting as agents for the System Open Market Account (SOMA).
  • 2:28 PM » Zillow:Homeowner Confidence Shrinks; Most Americans Now Believe Their Home's Value Has Declined
    Published Thu, May 14 2009 2:28 PM by PR Newswire
    American homeowners have a solid understanding of what has happened to the values of their own homes over the past year. A majority (60 percent) believe their own home lost value during the past 12 months , according to the Zillow Q1 Homeowner Confidence Survey(1). In reality, 80 percent of homes across the country lost value during the past 12 months, according to Zillow's first quarter Real Estate Market Reports.
  • 2:13 PM » Treasury and HUD Release New Details of Making Homes Affordable Program
    Published Thu, May 14 2009 2:13 PM by financialstability.gov
    With the Making Home Affordable (MHA) program delivering much-needed relief to homeowners and to our economy just over two months after the release of program guidelines, Treasury Secretary Tim Geithner and Housing and Urban Development (HUD) Secretary Shaun Donovan today provided an update on the program’s impact on stemming the housing crisis and keeping families in their homes and announced new options for homeowners facing foreclosure.
    Click Here to Read the Full Article

    Source: financialstability.gov
  • Wed, May 13 2009
  • 1:50 PM » MBA's Agenda to Stabilize the Housing and Mortgage Markets
    Published Wed, May 13 2009 1:50 PM by www.mortgagebankers.org
    By anchoring communities, providing jobs and building family wealth, the real estate finance industry has played an important role in bringing prosperity to American families. Recent turmoil in the industry and the markets has, however, threatened this critical responsibility. The Mortgage Bankers Association is eager to work closely with the 111th Congress and the Obama administration to help rebuild and justify the faith in our industry by restoring liquidity to the capital markets, assisting borrowers and renters and preventing reoccurrences of the recent troubles. In 2009, MBA will advocate for the following policy issues....
    Click Here to Read the Full Article

    Source: www.mortgagebankers.org
  • 1:46 PM » Bernanke Says U.S. Banks Must Test More to Identify Other Risks
    Published Wed, May 13 2009 1:46 PM by Bloomberg
    Federal Reserve Chairman Ben S. Bernanke said efforts by U.S. banks to raise capital are “encouraging” and called on firms to identify other risks through internal stress tests.
  • 1:43 PM » MBA Survey Shows Continued Slowdown of Commercial/Multifamily Mortgage Lending in 1Q 2009
    Published Wed, May 13 2009 1:43 PM by www.mbaa.org
    Commercial and multifamily mortgage loan originations continued to drop in the first quarter of 2009, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. First quarter originations were 70 percent lower than during the same period last year and 26 percent lower than during the fourth quarter of 2008. The year-over-year decrease was seen across all investor groups and most property types.
  • 1:41 PM » Realtors® Report: Jumbo Mortgage Market is Holding Recovery Back
    Published Wed, May 13 2009 1:41 PM by Realtor.Org
    Limited availability and unusually high interest rates in the jumbo loan market are adversely affecting the rest of the housing market. This is just one of the insights from recent National Association of Realtors ®
  • 12:11 PM » FHFA to Allow Homeowners to Use $8,000 Tax Credit as Downpayment
    Published Wed, May 13 2009 12:11 PM by Realtor.Org
    Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.
  • 8:56 AM » Credit is Key to Real Estate Recovery
    Published Wed, May 13 2009 8:56 AM by Realtor.Org
    Improving the availability of credit and access to capital are essential to recovery in the real estate market. Addressing these challenges was the focus of the "Financing Real Estate for Tomorrow" session, part of the National Association of Realtors ® ' daylong “Real Estate Summit: Advancing the U.S. Economy.”
  • 8:55 AM » Foreclosure and Short Sale Discounts Weigh Down Metro Area Median Prices
    Published Wed, May 13 2009 8:55 AM by Realtor.Org
    First-time home buyers responding to improved affordability conditions, and lower prices of foreclosures and short sales, impacted metropolitan area median home prices in the first quarter, while existing-home sales remained sluggish in many parts of the country, according to the latest survey by the National Association of Realtors ® .
  • 8:43 AM » Money Market Rates Fall to Pre-Lehman Levels
    Published Wed, May 13 2009 8:43 AM by www.ft.com
    Key money market rates have fallen below levels seen before Lehman Brothers collapsed in September as confidence tentatively returns.
  • 8:41 AM » Freddie Mac Asking for $6.1bn After 1Q Loss of $9.9bn
    Published Wed, May 13 2009 8:41 AM by www.ft.com
    Freddie Mac said on Tuesday it would draw $6.1bn of capital from the US Treasury after a $9.9bn first-quarter loss drove its net worth below zero.
  • Tue, May 12 2009
  • 6:20 PM » Freddie Mac Announces Changes to Relief Refinance Program and Super Conforming Mortgages
    Published Tue, May 12 2009 6:20 PM by Freddie Mac
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  • 1:14 PM » HUD Announces It Will Move Forward With RESPA Reform That Will Save Consumers An Average of $700
    Published Tue, May 12 2009 1:14 PM by www.hud.gov
    U.S. Housing and Urban Development Secretary Shaun Donovan today announced his intention to implement the mortgage reforms under the Real Estate Settlement Procedures Act (RESPA) that are scheduled to take full effect on January 1, 2010. For the first time in more than 30 years, HUD is updating mortgage rules to help consumers shop for the lowest cost mortgage, avoid costly and potentially harmful loan offers, and save an average of $700.
  • 11:12 AM » Fed OMO Update: Fed Purchases $6.007bn in Treasury Coupons Today
    Published Tue, May 12 2009 11:12 AM by NY Fed
    The purchase or sale of Treasury securities on an outright basis adds or drains reserves available in the banking system. Such transactions are arranged on a routine basis to offset other changes in the Federal Reserve’s balance sheet in conjunction with efforts to maintain conditions in the market for reserves consistent with the federal funds target rate set by the Federal Open Market Committee (FOMC).
  • Mon, May 11 2009
  • 8:34 AM » Mortgages Over 5% Mean Fed Purchases as Bonds Slump
    Published Mon, May 11 2009 8:34 AM by Bloomberg
    The world’s biggest investors are increasing bets that Federal Reserve Chairman Ben S. Bernanke will boost purchases of Treasuries as the steepest losses on government debt since 1994 send mortgage rates above 5 percent.
  • Fri, May 8 2009
  • 8:42 AM » The Employment Situation Report
    Published Fri, May 08 2009 8:42 AM by www.bls.gov
    Non Farm Payrolls Report
  • Thu, May 7 2009
  • 5:39 PM » US Treasury Department on CAPITAL ASSITANCE PROGRAM and the STRESS TESTS (SCAP)
    Published Thu, May 07 2009 5:39 PM by US Treasury
    This afternoon, the Federal Reserve and the national banking agencies released the results of the stress tests - the most comprehensive, forward looking review of our nation's largest banks ever undertaken. These tests will help ensure that banks have a sufficient capital cushion to continue lending in a more adverse economic scenario. They will provide the transparency necessary for individuals and markets to judge the strength of the banking system.
  • 4:07 PM » Fed Purchases Net $25.4bn ($73.9 billion gross) Agency Mortgage-Backed Securities
    Published Thu, May 07 2009 4:07 PM by NY Fed
    Purchases in agency MBS by investment managers acting as agents for the System Open Market Account (SOMA).
  • 10:03 AM » Speech by Chairman Bernanke on Lessons of the Financial Crisis for Banking Supervision
    Published Thu, May 07 2009 10:03 AM by Federal Reserve
    Chairman Ben S. Bernanke At the Federal Reserve Bank of Chicago Conference on Bank Structure and Competition, Chicago, Illinois (via satellite) May 7, 2009 Lessons of the Financial Crisis for Banking Supervision
    Click Here to Read the Full Article

    Source: Federal Reserve
  • 9:24 AM » Geithner: How We Tested the Big Banks
    Published Thu, May 07 2009 9:24 AM by dealbook.blogs.nytimes.com
    In an opinion piece published in The New York Times, Treasury Secretary Timothy F. Geithner defends the government’s decision to stress-test 19 of the nation’s banks.
    Click Here to Read the Full Article

    Source: dealbook.blogs.nytimes.com
  • 8:45 AM » 'i-house' becoming a big hit
    Published Thu, May 07 2009 8:45 AM by news.yahoo.com
    From its bamboo floors to its rooftop deck, Clayton Homes ' new industrial-chic "i-house" is about as far removed from a mobile home as an iPod from a record player.
    Click Here to Read the Full Article

    Source: news.yahoo.com
  • Wed, May 6 2009
  • 4:26 PM » Register for the 2009 Housing Finance Institute in Boston
    Published Wed, May 06 2009 4:26 PM by view.exacttarget.com
    Have you created your plan for this year's professional development? Make sure you take advantage of the dynamic curriculum offered by the Housing Finance Institute TM (HFI)
    Click Here to Read the Full Article

    Source: view.exacttarget.com
  • 12:16 PM » Fed Purchases $6.948bn in Treasury Coupons
    Published Wed, May 06 2009 12:16 PM by NY Fed
    The purchase or sale of Treasury securities on an outright basis adds or drains reserves available in the banking system. Such transactions are arranged on a routine basis to offset other changes in the Federal Reserve’s balance sheet in conjunction with efforts to maintain conditions in the market for reserves consistent with the federal funds target rate set by the Federal Open Market Committee (FOMC).
  • Tue, May 5 2009
  • 7:09 PM » Fannie Mae: Updates to Credit Score Requirements and Nontraditional Credit Report Requirements
    Published Tue, May 05 2009 7:09 PM by Fannie Mae
    Announcement 09-12
  • 10:18 AM » Testimony by Fed Chairman Bernanke on the Economic Outlook
    Published Tue, May 05 2009 10:18 AM by Federal Reserve
    Chairman Ben S. Bernanke speaking on the economic outlook before the Joint Economic Committee, U.S. Congress, Washington, D.C.
    Click Here to Read the Full Article

    Source: Federal Reserve
  • 8:49 AM » About 10 U.S. stress test banks to need more capital
    Published Tue, May 05 2009 8:49 AM by Reuters
    About 10 of the 19 largest U.S. banks being stress tested will be instructed by regulators to raise more capital, according to a source familiar with official talks.
  • Mon, May 4 2009
  • 2:11 PM » The April 2009 Senior Loan Officer Opinion Survey on Bank Lending Practices
    Published Mon, May 04 2009 2:11 PM by Federal Reserve
    The April 2009 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, loans to businesses and households over the previous three months. The survey also included two sets of special questions: The first set asked banks about their expectations for delinquencies and charge-offs on existing loans to business and households; the second set queried banks about international trade finance. This article is based on responses from 53 domestic banks and 23 U.S. branches and agencies of foreign banks.
    Click Here to Read the Full Article

    Source: Federal Reserve
  • 2:06 PM » Bill Gross: 2+2=4
    Published Mon, May 04 2009 2:06 PM by www.pimco.com
    A photograph of Bernard Baruch looms ominously on the far corner of my PIMCO office wall. Vested, with pocket watch and protruding chin thrust prominently toward the observer, this well-known financier of the early 20 th century at times appears almost alive. It was Baruch who almost schizophrenically cautioned investors during the stock market’s speculative blow-off in the late 20s that “two plus two equals four and no one has ever invented a way of getting something for nothing.”
    Click Here to Read the Full Article

    Source: www.pimco.com
  • 12:06 PM » Fed Supports Mortgage Rates with Purchase of $8.5 billion in Treasury Coupons
    Published Mon, May 04 2009 12:06 PM by NY Fed
    The purchase or sale of Treasury securities on an outright basis adds or drains reserves available in the banking system. Such transactions are arranged on a routine basis to offset other changes in the Federal Reserve’s balance sheet in conjunction with efforts to maintain conditions in the market for reserves consistent with the federal funds target rate set by the Federal Open Market Committee (FOMC).
  • 7:28 AM »  Lower Mortgage Payments Offer Spending Boost
    Published Mon, May 04 2009 7:28 AM by www.ft.com
    US homeowners could save close to $18bn on their mortgage repayments this year as record low interest rates allow millions of borrowers to switch to cheaper home loans.
  • Fri, May 1 2009
  • 7:29 PM » Home Valuation Code of Conduct Effective May 1; Update on IVPI
    Published Fri, May 01 2009 7:29 PM by Freddie Mac
    We are reminding you that the Home Valuation Code of Conduct (Code) goes into effect today, May 1, 2009, and Freddie Mac will no longer purchase mortgages from Sellers who have not adopted the Code. Additionally, for all mortgages with application dates on or after today you must represent and warrant that all appraisal reports are obtained in a manner consistent with the Code.
  • 7:23 PM » New Mortgage Loan Data Requirements; Independent Valuation Protection Institute
    Published Fri, May 01 2009 7:23 PM by view.exacttarget.com
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    Click Here to Read the Full Article

    Source: view.exacttarget.com
  • 11:21 AM » Fed Purchases $3.316 billion in Agency Debt Coupons
    Published Fri, May 01 2009 11:21 AM by NY Fed
    The current program to purchase direct obligations from housing-related GSEs is intended to reduce the cost and increase the availability of credit for the purchase of homes.
  • 11:16 AM » Fannie Mae's Retained Portfolio Contracts 1.3% in March
    Published Fri, May 01 2009 11:16 AM by Fannie Mae
    Fannie Mae reported its retained portfolio contracted an annualized 1.3% in March to $783.9 billion, and follows -1.3% in February. YTD, the portfolio has contracted 1.7%.
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.14%
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  • 15 Yr FRM 4.33%
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  • Jumbo 30 Year Fixed 3.94%
MBS Prices:
  • 30YR FNMA 4.5 107-32 (0-07)
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  • 30YR FNMA 5.0 110-12 (0-04)
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  • 30YR FNMA 5.5 112-11 (0-03)
Recent Housing Data:
  • Mortgage Apps 1.59%
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  • Refinance Index 1.85%
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  • Purchase Index 1.17%