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Freddie Mac to Purchase $71 Billion in Seriously Delinquent Loans
Posted to: Daily Newsletter
Wednesday, February 10, 2010 6:17 PM

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Home Today's Headlines ATW Forums Q&A Mortgage Rates  
Top Stories      
Freddie Mac announced they would purchase $71.2 billion 120+ day in loans. This confirms fears that MBS investors should be expecting an increase in involuntary... - MND NewsWire
Mortgage Rates moved higher today.The main event on the day was the second of three US Treasury auctions scheduled for this week. Today's auction offered... - Mortgage Rate Watch
Plain and Simple: the Fed is feeling their way through this one step at a time. The plan has been outlined but the marketplace is very sensitive to policy... - MND NewsWire
MBS Quotes
FNMA 4.0 97-14 -0-07
FNMA 4.5 100-20 -0-03
FNMA 5.0 103-18 -0-04
FNMA 5.5 105-21 -0-07
FNMA 6.0 106-24 -0-06
Updated: 2/10/10 4:36 PM
Treasuries
3 MO 0.1100 -0.0100
2 YR 0.9100 0.0700
5 YR 2.3900 0.0700
10 YR 3.7200 0.0500
30 YR 4.6500 0.0700
Updated: 2/10/10 5:49 PM
Mortgage Rates
30 Yr FRM 4.99 0.03
15 Yr FRM 4.30 0.01
FHA 30 Year 5.17 0.03
Jumbo 30 Year 6.41 0.02
5/1 Yr ARM 4.21 0.02
Updated: 2/10/10 3:56 PM
Latest Video      
View:All Videos
RBS's Volpe Says Treasuries Bidding Is `Less Agressive': Video
2/10/2010
Feb. 10 (Bloomberg) -- Richard Volpe, global co-head of U.S. dollar rates trading at RBS Securities Inc., talks with Bloomberg’s Matt Miller about his...
Housing: Double-Dip?
2/10/2010
Discussing whether we can expect a double dip in the housing market, with CNBC's Diana Olick.
Bernanke Outlines Future Exit Strategy
2/10/2010
The Fed could begin pulling back its economic stimulus by first removing some cash from the financial system and then raising interest rates. The CNBC...

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Recent Comments
David Haines
on 2/10/2010 - read this comment
Bobby: That is how I interpret it as well. It could create more liquidity for the MBS market as there is new cash to be invested.
Bobby Downey
on 2/10/2010 - read this comment
So here is the thing...if they are 120 days down you are not getting that interest anyway are you? In my opinion it would be a blessing for investors to take the hit up front to dump all their doo doo...
George Moring
on 2/10/2010 - read this comment
"Come on, folks. Let’s stop looking out the rear window and start looking forward to our future" Just doesn't seem to be the way our politics and govern work, someone has to point the finger...
Adam Quinones
on 2/10/2010 - read this comment
the snow might be leaned on as a excuse if the auction is poorly subscribed: While electronic markets are now more heavily relied upon for trade execution, rather than open outcry, this will still negatively...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.82%
  • |
  • 15 Yr FRM 3.09%
  • |
  • Jumbo 30 Year Fixed 4.12%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (0-02)
  • |
  • 30YR FNMA 5.0 108-10 (0-02)
  • |
  • 30YR FNMA 5.5 109-01 (0-02)
Recent Housing Data:
  • Mortgage Apps 9.18%
  • |
  • Refinance Index 12.97%
  • |
  • Purchase Index -2.38%
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