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Mortgage News Daily

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House Members Seek FHA Financial Documents; Refis to Fall 26% in 2013; Rates Move Higher
Posted to: Daily Newsletter
Tuesday, December 18, 2012 5:21 PM

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Dec 18, 2012 5:10PM

House Members Seek FHA Financial Documentation in Letter to HUD's Donovan

Apparently fearful of another bail out, six Republican members of the House Financial Services Committee sent a letter to the Obama Administration today asking for documents and information about the finances of the Federal Housing Administration (FHA) . The letter was sent to Housing and Urban Development (HUD) Secretary Shaun Donovan. An independent audit last month showed the FHA was facing a projected $16.3 billion deficit, suggesting it may need use an existing credit line with the U.S. Treasury...

Dec 18, 2012 11:39AM

Refinance Volume Expected To Fall 26% in 2013: Fannie Mae

Fannie Mae has declared that housing is finally providing a tailwind to economic growth . The company's December Economic and Strategic Report says that the market "has turned the corner and a sustained recovery is under way ." It contributed, albeit in a small way, to economic growth in past few quarters and will be counted as a contributor on an annual basis for the first time since 2005. "With data pointing to soft economic conditions and the fiscal policy debate hanging in the balance, we expect...


Micro News

1:35 PM:

After Bouncing Along Lows, MBS Forced To Sell. Reprice Risk

10:55 AM:

Too Early For Reprice Risk? MBS Hit New Lows

10:32 AM:

ECON: Builder Confidence Continues Improving In December

10:04 AM:

Volatility Increases As Markets Continue Digesting Cliff News

8:51 AM:

ECON: Trade Gap Narrows More Than Expected

4:05 PM:

Sharpest Losses Of The Day. Reprices Most Likely

3:05 PM:

MBS Tick Down To Lows Of The Day Again

2:01 PM:

MBS Hit Lows, But Negative Reprice Risk Remains Uncertain

Around the Web

Video News

Sen. Paul: Dems Not Serious About Cutting Entitlements

No Housing Boom, But 2013 Rebound

Pawlenty on Dodd-Frank and 'Volcker Rule' Changes


Today's Comments

Marvin Von Renchler

"Think about what he said: "that we knew the borrower could not pay." The operative word is KNEW. Did they know without a doubt that any given..."

haedo1881

"Hi, if Countrywide was such a world class company, then why did they hurt borrowers with horrible mortgages? Aren't /weren't they smart enough..."

Jana Holmstrup

"This disparate impact stuff is gonna be the death of me! It's not a charge based on whether they’re married or not – the problem is when they’re not..."

Today's Q&A

"Is there a risk with private investors when purchasing a home"

"Can the appraisal fee be refunded?"

"Am I eligible for loan modification"


View Newsletter: http://www.mortgagenewsdaily.com/channels/newsletter/288241.aspx

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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.13%
  • |
  • 15 Yr FRM 3.30%
  • |
  • Jumbo 30 Year Fixed 4.00%
MBS Prices:
  • 30YR FNMA 4.5 107-29 (-0-01)
  • |
  • 30YR FNMA 5.0 110-12 (0-02)
  • |
  • 30YR FNMA 5.5 111-12 (0-00)
Recent Housing Data:
  • Mortgage Apps -7.23%
  • |
  • Refinance Index -10.65%
  • |
  • FHFA Home Price Index 0.67%