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Mortgage News Daily

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Mortgage Lender Satisfaction on the Rise; Rates Snap Two Day Losing Streak
Posted to: Daily Newsletter
Thursday, November 15, 2012 4:50 PM

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Nov 15, 2012 12:12PM

Mortgage Lender Satisfaction on the Rise Thanks to Transparency in Origination Process

Overall customer satisfaction with mortgage lenders reached a six-year high in the J.D. Power and Associates 2012 U.S. Primary Mortgage Origination Satisfaction Study SM released today, rising from 747 on a 1,000 point scale last year to 761 this year. It was the second straight year that the average increased and of the 15 companies rated, five scored above that average and nine below. The 2012 U.S. Primary Mortgage Origination Satisfaction Study is based on responses from more than 3,500 customers...

Nov 15, 2012 3:00PM

Mortgage Rates Snap Two Day Losing Streak

Mortgage rates put an end to two days of weakness , but for most lenders, rates were only moderately improved on Thursday. Weak economic data helped push interest rates and stock prices lower on Wall Street today, but Treasuries and Mortgages started the session in worse shape than yesterday. Consequently, the improving market conditions in the Secondary Mortgage Market only resulted in minor improvements on the COST side of the Best-Execution equation , whereas Best-Ex rates themselves remained...

Micro News

12:01 PM:

MBS, Treasuries At Best Levels As Stocks Swoon

10:16 AM:

ECON: Sandy's Influence Evident In Weaker Philly Fed Index

9:43 AM:

Bond Markets Fighting To Hold Ground As Europe Pushes Risk-On Trade

8:56 AM:

ECON: Consumer Prices Roughly As Expected

8:49 AM:

ECON: Jobless Claims Highest Since 2005, Labor Dept. Cites Sandy

2:57 PM:

More Potential Negative Reprice Risk As MBS Weakness Continues

2:18 PM:

Reuters Highlights From FOMC Minutes

11:58 AM:

MBS Swing Lower After Failing To Break 105-00. Reprice Risk Already?

Around the Web

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Santelli: FHA's Big Money Drain

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The Cliff and Your Mortgage

Today's Comments

Ira Holmes

"Is that the best loan for the borrower? TV$ says the 15yr loan will build equlty faster, but at a cost. If I can give the lender "cheaper dollars"..."

Paul DeSanctis

"This is great, although I was just blamed the other day for blaming people who blame others. I think this is the key. I was talking with a US Bank exec..."

Jana Holmstrup

"Don't be so cynical Bryan, it's not that bad! And we shall overcome ;)"

Today's Q&A

"Refinancing an investment property I am moving back into"

"Can I get a mortgage loan if I am only employed for 1 year."

"How can a credit score just disappear?!"

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.63%
  • |
  • 15 Yr FRM 2.92%
  • |
  • Jumbo 30 Year Fixed 3.60%
MBS Prices:
  • 30YR FNMA 4.5 108-30 (-0-02)
  • |
  • 30YR FNMA 5.0 110-22 (0-03)
  • |
  • 30YR FNMA 5.5 111-26 (-0-02)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%