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Tuesday, November 10, 2009
Subject : BEWARE: GSEs Strictly Enforcing Lender Loan Repurchase Agreements
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BEWARE: GSEs Strictly Enforcing Lender Loan Repurchase Agreements
As reported in their quarterly filings, Fannie Mae and Freddie Mac are seeing an increase in the number of lenders not honoring agreements to repurchase... -
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MBS Quotes
FNMA 4.0
98-20
0-03
FNMA 4.5
101-06
0-03
FNMA 5.0
103-24
0-04
FNMA 5.5
105-07
0-04
FNMA 6.0
106-03
-0-01
Updated: 11/10/09 4:35 PM
Treasuries
3 MO
0.0578
0.0142
2 YR
0.8314
-0.0164
5 YR
2.2913
-0.0034
10 YR
3.4743
-0.0114
30 YR
4.4124
0.0131
Updated: 11/10/09 4:42 PM
Mortgage Rates
30 Yr FRM
4.98
0.03
15 Yr FRM
4.44
0.04
FHA 30 Year
5.12
0.02
Jumbo 30 Year
5.96
0.02
5/1 Yr ARM
3.94
0.01
Updated: 11/10/09 2:19 PM
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Recent Comments
bas10
on 11/10/2009 -
read this comment
Wow, I really wish I too bought a house I couldn't afford. Living beneath your means, putting away savings, and working 50 hours a week is clearly no longer the way to go. I should really be angry...
Eddieinab
on 11/10/2009 -
read this comment
I think this could be great. I get calls from clients looking for a modification and by lowering the payments to I/O, this could be the answer to keep them from throwing in the towel! I think it is a smart...
Brian Moulton
on 11/10/2009 -
read this comment
Adam: first of all, awesome site. I've be reading this religiously since March. We just closed on a house after having owned for 5 years and 2 months. We closed on our new place on 11/4/09. It looks...
Adam Quinones
on 11/9/2009 -
read this comment
Of course everyone likes to talk about compensation limits, HVCC and the effect they will have/have had on the mortgage business. However I believe there is another issue that does not get discussed enough...
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CO
11/10/2009
550,000.00
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CA
11/9/2009
300,000.00
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MD
11/6/2009
660,000.00
Refinance (Rate and Term)
NJ
11/5/2009
360,000.00
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11/5/2009
479,250.00
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11/5/2009
575,000.00
Purchase
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View More at the Market Data Center
Mortgage Rates:
30 Yr FRM 3.89%
|
15 Yr FRM 3.25%
|
Jumbo 30 Year Fixed 4.12%
MBS Prices:
30YR FNMA 4.5 106-23
(0-02)
|
30YR FNMA 5.0 108-02
(0-01)
|
30YR FNMA 5.5 108-29
(0-00)
Recent Housing Data:
Mortgage Apps
23.07%
|
Refinance Index
26.40%
|
Purchase Index
10.33%
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