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Mortgage News Daily

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QE3 Prompts Both Freddie Mac and MBA to Revise Projections
Posted to: Daily Newsletter
Tuesday, October 23, 2012 5:30 PM

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Oct 23, 2012 5:26PM

MBA Revises Origination Projections Updwards for 2012, 2013

The Mortgage Bankers Association's ( MBA ) chief economist echoed much of what Freddie Mac's economists said this afternoon as he hiked MBAs estimates for mortgage originations both this year and in 2013. Jay Brinkmann said he expects to see the value of originations hit 280250.7 trillion this year and 280250.3 trillion in 2013. Next year's increases will be driven by a spillover of refinances from 2012 into the first half of 2013. The Association revised its 2012 estimates of refinancing to 280250.2 trillion...

Oct 23, 2012 4:36PM

QE3 Moves Freddie Mac Economists to Revisit Projections

Freddie Mac is revisiting its economic projections for the remainder of 2012 and 2013 due to the announcement by the Federal Reserve of its Maturity Extension Program known as " QE3 ." Under the program the Fed will increase its purchases of agency mortgage-backed securities (MBS) by $40 billion per month while continuing the term extension (also known as Operation Twist) of its portfolio. Taken together the two programs will increase the Fed's holdings of longer term securities by about $85 billion...

Micro News

2:30 PM:

Sideways Grind Continues Near Recent Highs

10:12 AM:

ECON: Richmond Fed Manufacturing Weaker In October

9:56 AM:

Bond Markets Holding Ground After Opening In Better Territory

9:52 AM:

Bond Markets Bouncing Back After Opening In Weaker Territory

12:16 PM:

Once More, With Feeling; AKA Bond Market Rally Holding Ground Today

10:06 AM:

ECON: Existing Home Sales Perfectly In Line With Consensus

9:19 AM:

Bond Markets Steady In Stronger Territory. If Only That Meant Something...

3:01 PM:

MBS Ratcheting Continues, As Does Negative Reprice Risk

Around the Web

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Top Regulator Talks Reform at SIFMA

Today's Comments

Vancellen Sturgeon

"Aren't we already proven to "meet character and fitness and criminal background standards" when NMLS was implemented a couple of years ago..."


"Sounds just a bit naive to me! The Judges all over the US have been seeing the fraud brought into their Courts by their own learned colleges. This is not..."

Frank Ceizyk

"Nonsense Bryan. The appraiser doesn't kill the deal. Just because a realtor helps a buyer and seller agree on a price, it doesn't mean it is the..."

Today's Q&A

"refinance non occupant co borrower?"

"If my home needs some basic repairs, how will it affect my fair market value appraisal?"

"Where Can I find lists or contact Info about Commercial REOs (not homes)"

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.67%
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  • 15 Yr FRM 2.95%
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  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
  • 30YR FNMA 4.5 108-28 (0-00)
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  • 30YR FNMA 5.0 110-17 (-0-04)
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  • 30YR FNMA 5.5 111-30 (0-02)
Recent Housing Data:
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  • Refinance Index 11.33%
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  • Purchase Index 8.43%