Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Visitors Per Month

Send Article via Email

Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 5 and 6 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
This email was sent to you by:
Anonymous |
Mortgage News Daily

Email alerts, such as this one, are a free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please register to join our community.
MBS Fall Quickly to Lows After Senate GSE Deal Announcement
Posted to: Micro News
Tuesday, March 11, 2014 10:21 AM

Forward this email:  Send a copy of this story to someone you know that may want to read it.

To be clear, there is no new legislation being voted on today or probably even soon.  But Senators Jobson and Crapo have announced an agreement, in principle, on the fate of Fannie and Freddie.  Under the hypothetical deal, the GSEs would be liquidated in order to build a new framework that does the same thing Fannie and Freddie currently do.  Your move, logic...

MBS weakened versus Treasuries following the news though Treasuries have weakened themselves (making things doubly bad for MBS. 

This puts several lenders at risk for negative reprices already, depending on the time of morning that initial rate sheets were released (the assumption being that the earlier the rate sheet, the higher the risk).

Fannie 4.0s are down 4 ticks on the day and 10yr yields are up 1bp. 

More from MND:


If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


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%