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Mortgage News Daily

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Escape From Pottersville: A New Beginning in the Mortgage Industry
Posted to: Daily Newsletter
Friday, October 26, 2012 3:05 PM

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Oct 26, 2012 12:12PM

Escape From Pottersville: A New Beginning in the Mortgage Industry

Contributing to MND the past 4 years, I have been content to represent my image as a bewildered George Bayley, wondering what happened to his beloved Bedford Falls when he stumbles across the "Pottersville" sign after wishing he'd never been born. I have lived a modern day version of George Bayley's alternate reality in Pottersville going on 5 years now. I have had many moments when I wished I'd never gotten into this business , and have come very close to jumping off that bridge to join the river...

Oct 26, 2012 2:39PM

FHFA's: GSE's Need for Treasury Draws Dwindling

Three different scenarios for predicting the level of additional financial support the two government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae may require from the U.S. Treasury were presented today by their conservator the Federal Housing Finance Agency (FHFA). The scenarios updated similar projections originally released in October 2010 and updated one year later. FHFA said its projections are not expected outcomes but modeled projections in response to "what if" exercises based...

Micro News

2:26 PM:

Sustained MBS Rally, On A Friday No Less!

10:09 AM:

ECON: Consumer Sentiment Roughly In Line With Expectations

9:32 AM:

Strong Overnight Session But Slightly Weaker Following GDP

8:44 AM:

ECON: GDP Rises 2.0 Percent Vs 1.7 Percent Expectation

3:55 PM:

Tentatively Accepting That There Could Be A Bounce Back

1:30 PM:

Selling Pressure Continues, Bringing MBS Near Lows

1:19 PM:

Bond Markets Weakening Somewhat On Equities Bounce

11:40 AM:

Risk-On Becomes Risk-Off, And Convincingly! MBS Approach Breakeven Levels

Around the Web

Video News

Let Housing Lead the Recovery: RE/MAX Chairman

Santelli's Morning Bond Update

The Trillion Dollar Technician Prediction

Today's Comments


"This is disgusting that NO ONE is held accountable for this, just pay a "fine" no prison time for anyone? me ex worked for CW and was fired for..."

Peter J. Pike

"The idea that increases in real estate prices is a good thing is misplaced. First, the non-judicial state foreclosure process made robo-signing a simple..."

Charles Plott

"What about those of us in dire financial straights because of the corporate misfeasance of our banks? Those banks riddled with corporate greed and making..."

Today's Q&A

"up front mortgage insurance $ 2718.89 for a loan for 161,000.00 is that normal"

"Can an appraisal fee be refunded"

"Selling a Recreational Lease"

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.67%
  • |
  • 15 Yr FRM 2.95%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
  • 30YR FNMA 4.5 108-28 (0-00)
  • |
  • 30YR FNMA 5.0 110-17 (-0-04)
  • |
  • 30YR FNMA 5.5 111-30 (0-02)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%