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8.6 Million Mortgage Originations in 2012; Best Places to Buy Foreclosures
Posted to: Daily Newsletter
Thursday, January 31, 2013 4:53 PM

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Jan 31, 2013 11:13AM

8.6 Million Mortgage Originations in 2012, Highest Since 2007

The December Mortgage Monitor report released by Lender Processing Services and covering performance data for the full 2012 calendar year , found that while mortgage delinquency rates remained at elevated levels, they have shown steady improvement, ending the year 32 percent lower than the January 2010 peak. Additionally, following a year of regional improvement in foreclosure inventories (marked by stark contrasts between judicial and non-judicial foreclosure states), the national foreclosure inventory...

Jan 31, 2013 4:07PM

Mortgage Rates Very Slightly Improved Ahead Of Employment Report

Mortgage rates were very slightly lower in most cases, making for marginal improvements in borrowing costs within the confines of recently higher interest rates. In other words, today's quoted rate is likely the same as yesterday's, depending on the scenario, with a token reduction in closing costs (or increase in lender credit). In many cases, there was no improvement to costs, and a few lenders were slightly higher in cost. 30yr Fixed, Best-Execution remains at 3.625%, though lower rates are still...


Micro News

2:26 PM:

Support Holds Up In Uneventful Trading. Back In The Green

10:15 AM:

Early Lenders Already Facing Reprice Risk

9:56 AM:

ECON: Chicago PMI Much Stronger Than Expected

9:51 AM:

No Longer Pleasantly Flat

9:44 AM:

Pleasantly Flat For A 'Day Before NFP.' Technical Challenges

8:49 AM:

ECON: Personal Income Surges on Bonuses/Dividends

8:42 AM:

ECON: Jobless Claims Higher Than Expected

3:32 PM:

Supportive Bounce Off Pre-FOMC Levels. Reprice Potential

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Today's Comments

asudevils

"click the compensation plan hyperlink"

Elijah Orozco

"I don't see anything about Wells Fargo in the article?"

Chris Kopec

"I would guess the supply is limited because people believe their homes are worth more than what they currently would receive in this foreclosure-distorted..."

Today's Q&A

"the day i close on a refinance mortgage"

"need a link to a doc under loan officer compensation"

"We foolishly cosigned a mortgage loan for my daughter "


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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.24%
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  • 15 Yr FRM 3.39%
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  • Jumbo 30 Year Fixed 4.09%
MBS Prices:
  • 30YR FNMA 4.5 107-15 (0-02)
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  • 30YR FNMA 5.0 109-31 (0-01)
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  • 30YR FNMA 5.5 111-06 (0-00)
Recent Housing Data:
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  • Refinance Index -10.65%
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  • FHFA Home Price Index 0.67%