Daily Newsletter

House Amendment Poses Threat to Lending Liquidity

Glenn Setzer — Thu, 19 Nov 2009 23:19:00 GMT

On Obama administration summit on strengthening credit flows to small businesses, Geithner said “We need banks to be working with us, not against recovery... - Voice of Housing

MBA Reports Record Delinquency Rates. Will Get Worse Before Improving

The Mortgage Bankers Association reported that delinquency rates during the third quarter hit all time highs. Prime mortgages and FHA mortgages appear... - MND NewsWire

Fed MBS Purchases Focus on New Loan Production

The Fed's weekly net MBS purchases totaled $16.00 billion, headline.5 more than the previous, holiday shortened week. The majority of Fed purchases were... - MND NewsWire

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MBS Quotes
FNMA 4.0	99-08	0-01
FNMA 4.5	101-19	-0-03
FNMA 5.0	104-07	0-02
FNMA 5.5	105-23	0-01
FNMA 6.0	106-25	0-05
Updated: 11/19/09 4:35 PM

Treasuries
3 MO	0.0200	-0.0200
2 YR	0.7300	-0.0400
5 YR	2.1800	-0.0300
10 YR	3.3500	-0.0100
30 YR	4.2900	0.0000
Updated: 11/19/09 5:44 PM

Mortgage Rates
30 Yr FRM	4.84	-0.01
15 Yr FRM	4.21	-0.03
FHA 30 Year	5.01	-0.01
Jumbo 30 Year	5.92	0.02
5/1 Yr ARM	3.88	0.02
Updated: 11/19/09 2:32 PM

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Feder Says Foreclosures Linked to Decline in Home Prices: Video

11/19/2009

Nov. 19 (Bloomberg) -- Jay Brinkmann, chief economist at the Mortgage Bankers Association, and Michael Feder, chief executive officer of Radar Logic Inc...

Tracking the Stimulus

11/19/2009

Tracking all that stimulus spending, with CNBC's Brian Shactman.

Delinquencies Hit Record

11/19/2009

Mortgage delinquencies and foreclosures hit a new record high, with CNBC's Diana Olick.

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Recent Comments

jdeyber

on 11/19/2009 - read this comment

The way I see HVCC, it takes away any professional control from me, the person the customer trusted to handle their transaction. On top of their "brick wall" process mentallity, the appraisers...

Dan Lebovics

on 11/19/2009 - read this comment

I saw BC today in the comics section of today's newspaper. ;-) Seriously, the level of expertise here at MND is completely unmatched anywhere else. I've tried other services and it's not even...

Adam Dahill

on 11/19/2009 - read this comment

With rates this good it's hard not to take profits and lock in your positions. It frees up time to prospect for new business and fill your pipeline as opposed to worrying about trying to time the market...

Scott Maycumber

on 11/18/2009 - read this comment

Adam, I was thinking something like a calendar we can look at on a Friday and click on each day to see what data will be released the next week. Is that something that could be incorporated. It would help...

Questions
	How do I determine the equity amount in my home?
	How is my real estate agent paid?
	When can you advertise your home as a waterfront property? Does...
	If a house is auctioned, and I buy it, can I mortgage it, or...

Answers
	Can I refinance a home equity loan into a mortgage?
	What is the maximum Seller's Concession allowed with a VA...
	How do I look up what my mobile home is worth?
	What is 203k financing?

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Locked 4.875 30y frm no points - is this too good to be true? I have not rec paperwork from lender yet but Appraisal was conducted
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: FL, 636, Purchase
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Mortgage Company Dictate Deductible on Insurance
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Parent who Cosigns/Co-borrows a Loan Dies
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan in Husbands Name who Passed Away

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
FL	11/19/2009	0.00	Purchase
CA	11/18/2009	544,000.00	Purchase
MD	11/17/2009	830,000.00	Refinance (Rate and Term)
MD	11/16/2009	285,000.00	Cash Out Refinance
AL	11/14/2009	284,000.00	Refinance (Rate and Term)
AZ	11/13/2009	240,000.00	Refinance (Rate and Term)

Mortgage News Daily

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Housing Starts; Loan Applicatons; Rates Near 6 Month Low

Glenn Setzer — Wed, 18 Nov 2009 22:45:00 GMT

While we anticipated housing starts and permits would fall in October, today's data was a big surprise to most market participants as economists were... - MND NewsWire

Refinance Applications Down 1.4%. Purchase Index at 12 Year Low

In this week's release, which reports on loan application activity for the week ending November 13, 2009, new loan application fell 2.5%, even as the... - MND NewsWire

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MBS Quotes
FNMA 4.0	99-09	-0-04
FNMA 4.5	101-21	-0-03
FNMA 5.0	104-07	0-01
FNMA 5.5	105-23	0-00
FNMA 6.0	106-19	0-00
Updated: 11/18/09 5:03 PM

Treasuries
3 MO	0.0400	-0.0200
2 YR	0.7700	-0.0100
5 YR	2.2100	0.0200
10 YR	3.3600	0.0300
30 YR	4.2900	0.0300
Updated: 11/18/09 5:40 PM

Mortgage Rates
30 Yr FRM	4.85	-0.04
15 Yr FRM	4.24	-0.04
FHA 30 Year	5.02	-0.02
Jumbo 30 Year	5.90	-0.01
5/1 Yr ARM	3.86	-0.02
Updated: 11/18/09 1:34 PM

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Mortgage Delinquency Rates Continue To RIse

11/18/2009

11/18/09 Credit reporting agency TransUnion announced Monday that the overall delinquency rate for mortgages continued to rise for the quarter.

Cost of the Senate Health Care Bill

11/18/2009

CNBC's Hampton Pearson has the details on the CBO scoring of the Senate health care bill cost.

Homeowner's Insurance Canceled After Too Many Claims Filed

11/18/2009

A woman learns that she needs to be careful with how many insurance claims you file.

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Recent Comments

Scott Maycumber

on 11/18/2009 - read this comment

Adam Quinones

on 11/18/2009 - read this comment

HEY! Did you two read my post? :-D.....At most, data is a catalyst for directionality. Price movements depend on what the market is willing to accept. For three consecutive days 3.32% has not been accepted...

Questions
	If a house is auctioned, and I buy it, can I mortgage it, or...
	Can I buy my dad's house if it's in foreclosure?

Answers
	Can I refinance a home equity loan into a mortgage?
	What is the maximum Seller's Concession allowed with a VA...

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: FL, $545,000, 747, 88% LTV, Purchase
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Parent who Cosigns/Co-borrows a Loan Dies
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Phone Lines on My Property

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
MD	11/17/2009	830,000.00	Refinance (Rate and Term)
MD	11/16/2009	285,000.00	Cash Out Refinance
AL	11/14/2009	284,000.00	Refinance (Rate and Term)

Mortgage News Daily

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Financial Fraud Unit Announced; Home Builders Expect Increased Activity

Glenn Setzer — Tue, 17 Nov 2009 22:35:00 GMT

Attorney General Eric Holder today announced the formation of an interagency task force to investigate and prosecute financial fraud. The group will look... - MND NewsWire

Home Builders Expecting Increased Activity in 2010. Appraisal Issues a Concern

The November Housing Market Index was unchanged from October's downwardly revised level of 17. The component gauging current sales conditions and... - MND NewsWire

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MBS Quotes
FNMA 4.0	99-15	-0-01
FNMA 4.5	101-22	-0-06
FNMA 5.0	104-07	-0-01
FNMA 5.5	105-25	-0-01
FNMA 6.0	106-17	-0-02
Updated: 11/17/09 4:36 PM

Treasuries
3 MO	0.0600	0.0042
2 YR	0.7800	0.0142
5 YR	2.1900	0.0058
10 YR	3.3300	-0.0043
30 YR	4.2600	-0.0137
Updated: 11/17/09 5:40 PM

Mortgage Rates
30 Yr FRM	4.89	-0.03
15 Yr FRM	4.28	-0.04
FHA 30 Year	5.04	-0.02
Jumbo 30 Year	5.91	0.00
5/1 Yr ARM	3.88	-0.01
Updated: 11/17/09 2:06 PM

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Housing: Ready to Rebound?

11/17/2009

An update on the housing industry, with CNBC's Diana Olick.

Geithner Under Pressure

11/17/2009

A look at the pressure now mounting again on the Treasury Secretary, with Eamon Javers, Politico financial correspondent and CNBC's Hampton Pearson...

Washington Targets Job Creation

11/17/2009

House Dems say they are working on passing legislation aimed at creating jobs before the end of the year, with Steven Dennis, Roll Call, and Joseph LaVorgna...

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Recent Comments

Adam Quinones

on 11/17/2009 - read this comment

good comments Edgar...Bobby, MBS havent disconnected from the directionality that TSYs offer, and they wont likely ever do so. However MBS are on a two week tightener vs. their benchmarks. So while TSY...

Frank Ceizyk

on 11/17/2009 - read this comment

Edgar--good that you stood your ground. AZ Attorney General has reported more cases of suspected loan fraud since 2009 than in 2008 for state of AZ. Perhaps it is being investigated more often and/or attributable...

Edgar

on 11/17/2009 - read this comment

For all those out there that say LO's are responsible for all the fraud in mortgages I would like to provide a case that shows that that may not be true: I took a call yesterday and the person on the...

Bobby Downey

on 11/17/2009 - read this comment

Good morning AQ......what up JW......now that MBS have seemed to detatch themselves from the stock lever what are the chances they will eventually detatch from the TSY lever? I feel like a market within...

Questions
	Can I refinance a home equity loan into a mortgage?
	When I sign a contract to sell my home, how long will the contract...
	What is the difference between filing chater 13 or foreclosure...
	How do I find a lien holder on a house if I'm interested...

Answers
	What is the maximum Seller's Concession allowed with a VA...
	How do I look up what my mobile home is worth?
	What is 203k financing?
	We are giving up our home in our bankruptcy, how will this show...

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: MD, $830,000, 800, 59% LTV, Refinance (Rate and Term)
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Buy a Relatives Home on Short Sale and Rent Back to Them
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	List of Homes to Take Over Mortgage Payments
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Become Licensed to Sell Real Estate in PA
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Just Locked a 30 Year Fixed Rate Mortgage at 5.375% No Points

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
MD	11/17/2009	830,000.00	Refinance (Rate and Term)
MD	11/16/2009	285,000.00	Cash Out Refinance
AL	11/14/2009	284,000.00	Refinance (Rate and Term)
AZ	11/13/2009	240,000.00	Refinance (Rate and Term)
HI	11/12/2009	1,200,000.00	Refinance (Rate and Term)
NY	11/12/2009	350,000.00	Cash Out Refinance

Mortgage News Daily

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Mortgage Rates Hold Near Aggressive Levels

Glenn Setzer — Mon, 16 Nov 2009 22:36:00 GMT

Reports from fellow mortgage professionals indicate mortgage rates are holding steady, near last week's aggressive closing levels. The par 30 year... - Mortgage Rate Watch

Recap: Bernanke Discusses the Economic and Policy Outlook

Federal Reserve Chairman Ben Bernanke today spoke at the Economic Club of New York. The topic of his speech was the Outlook for the Economy and Policy... - MND NewsWire

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MBS Quotes
FNMA 4.0	99-18	0-13
FNMA 4.5	101-29	0-05
FNMA 5.0	104-07	0-00
FNMA 5.5	105-25	0-03
FNMA 6.0	106-21	0-05
Updated: 11/16/09 5:11 PM

Treasuries
3 MO	0.0558	0.0041
2 YR	0.7658	-0.0406
5 YR	2.1842	-0.0701
10 YR	3.3343	-0.0835
30 YR	4.2737	-0.0778
Updated: 11/16/09 5:15 PM

Mortgage Rates
30 Yr FRM	4.92	-0.02
15 Yr FRM	4.32	-0.04
FHA 30 Year	5.06	-0.01
Jumbo 30 Year	5.91	-0.01
5/1 Yr ARM	3.89	-0.01
Updated: 11/16/09 1:40 PM

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GMAC CEO to Step Down

11/16/2009

CNBC's Mary Thompson has the details on the WSJ reporting GMAC's CEO, Alvaro de Molina will step down.

Making Education Pay

11/16/2009

The cost of higher education keeps going higher. Insight on the increase, with James Altucher, Formula Capital managing director.

Spotlight on Home Improvement Stocks

11/16/2009

What are Lowe's numbers telling us about Home Depot's upcoming earnings? Laura Champine, of Cowen & Co., and David Schick, of Stifel Nicolaus...

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Recent Comments

JTB

on 11/16/2009 - read this comment

Part of the dilemna is a HEALTHY # of borrowers 3 months into the process with Big Banks in my area. Who knows how many would like to do something, but can't seem to work their way through the maze...

JTB

on 11/16/2009 - read this comment

TSYs, MBS, and Stocks rallying together once again. This game of chicken is going to end at some point, no? If/When it does someone's going to get hurt, badly.

jdeyber

on 11/16/2009 - read this comment

I think the Chinese are going to keep buying MBS since they have a tangible asset behind them as opposed to the "Faith and Ability of the US Government" treasury market. At least when we do default...

Christopher Stevens

on 11/16/2009 - read this comment

I am very nervous of the rate market. I see a correction coming but I just don't know when. It seems every time I lock my pipeline the rates dip a little more. I know you can't call a bottom but...

Questions
	Can I refinance a home equity loan into a mortgage?
	When I sign a contract to sell my home, how long will the contract...
	What is the difference between filing chater 13 or foreclosure...
	How do I find a lien holder on a house if I'm interested...

Answers
	What is the maximum Seller's Concession allowed with a VA...
	How do I look up what my mobile home is worth?
	What is 203k financing?
	We are giving up our home in our bankruptcy, how will this show...

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: MD, $285,000, 760, 57% LTV, Cash Out Refinance
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Can $6500 be claimed for 2009 if purchase is in 2010?
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Goverment Assistance Programs for Refinancing
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	6,500 Tax Credit for Homeowners
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Guaranteed DULP Streamline Mail Campaign

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
MD	11/16/2009	285,000.00	Cash Out Refinance
AL	11/14/2009	284,000.00	Refinance (Rate and Term)
AZ	11/13/2009	240,000.00	Refinance (Rate and Term)
HI	11/12/2009	1,200,000.00	Refinance (Rate and Term)
NY	11/12/2009	350,000.00	Cash Out Refinance
TX	11/11/2009	200,000.00	Refinance (Rate and Term)

Mortgage News Daily

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Mortgage Rates Inch Lower; Social Media Marketing

Glenn Setzer — Fri, 13 Nov 2009 21:49:00 GMT

It was a busy day in the rates market yesterday. Although several data releases needed to be digested, the main event was the 30 year bond auction. Recently... - Mortgage Rate Watch

Social Media Marketing - Using Twitter & Facebook to Grow Your Business and Maintain Relationships

"Social media marketing is here to stay" could very well be chalked up as the understatement of the year. Social media marketing has been on... - Community Commentary

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MBS Quotes
FNMA 4.0	99-04	0-07
FNMA 4.5	101-22	0-06
FNMA 5.0	104-09	0-07
FNMA 5.5	105-24	0-07
FNMA 6.0	106-14	0-04
Updated: 11/13/09 4:29 PM

Treasuries
3 MO	0.0517	0.0010
2 YR	0.8063	-0.0008
5 YR	2.2510	-0.0036
10 YR	3.4196	-0.0243
30 YR	4.3516	-0.0393
Updated: 11/13/09 4:40 PM

Mortgage Rates
30 Yr FRM	4.94	-0.03
15 Yr FRM	4.36	-0.05
FHA 30 Year	5.07	-0.02
Jumbo 30 Year	5.92	-0.03
5/1 Yr ARM	3.90	-0.01
Updated: 11/13/09 4:29 PM

Latest Video

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Zisler Says Commercial Property Prices May Fall 20% More: Video

11/13/2009

Nov. 13 (Bloomberg) -- Randall Zisler, chief executive officer of Zisler Capital Partners LLC, talks with Bloomberg's Lori Rothman about the outlook...

Should Ken Lewis Stay?

11/13/2009

CNBC's Charlie Gasparino has the details Bank of America's search for a new CEO.

Sense on the Dollar

11/13/2009

President Obama is trying to shore up the beleaguered US dollar, and CNBC's Scott Cohn has the details.

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Recent Comments

Bobby Downey

on 11/13/2009 - read this comment

Agreed I don'thave a single floating client after this morning....Friday afternoon sell off about to kick in so took my money and ran...I would advise the same....listen to Vic people!!!!!!

David Haines

on 11/13/2009 - read this comment

I have always thought that a little inflation was a good thing for the economy. 3.1% over 5 years is not bad after a deflationary period like we are in now.

Adam Quinones

on 11/12/2009 - read this comment

Frank. We dont expect prepay speeds to pick up enough to warrant an exit from UIC positions. It is too easy to find seasoned pools in this market (FED?). These seasoned pools serve as prepay protection...

Frank Ceizyk

on 11/12/2009 - read this comment

Adam/Matt-Adam's article in Newswire shows refi applications picking up steam, and an L.O. emailed me an article saying Wells is hiring like crazy anticipating "tidal wave" of loan modifications...

Questions
	What is the difference between filing chater 13 or foreclosure...
	How do I find a lien holder on a house if I'm interested...
	Now that lenders such as Fannie Mae and Freddie Mac have developed...
	Can a mortgage company do a short sale on a home without doing...

Answers
	What is the maximum Seller's Concession allowed with a VA...
	How do I look up what my mobile home is worth?
	What is 203k financing?
	We are giving up our home in our bankruptcy, how will this show...

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Not Eligible for Credits
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	$6500 Credit
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Which Pays Down a Loan Quicker?
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: AZ, $240,000, 636, Refinance (Rate and Term)
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	6,500 Tax Credit for Homeowners

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
AZ	11/13/2009	240,000.00	Refinance (Rate and Term)
HI	11/12/2009	1,200,000.00	Refinance (Rate and Term)
NY	11/12/2009	350,000.00	Cash Out Refinance
TX	11/11/2009	200,000.00	Refinance (Rate and Term)
TX	11/10/2009	382,000.00	Refinance (Rate and Term)
CO	11/10/2009	550,000.00	Refinance (Rate and Term)

Mortgage News Daily

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FHA Reserves At All Time Low; JPM Chase Hiring Originators

Glenn Setzer — Thu, 12 Nov 2009 22:27:00 GMT

The annual independent audit report of FHA capital reserves published today shows that, while the reserve ratio has dropped below the level mandated by... - MND NewsWire

JP Morgan Chase Hiring Originators; YSP, RESPA, DU 8.0 Chatter; Flagstar and PennyMac Updates

JP Morgan Chase Hiring Originators; YSP, RESPA, DU 8.0 Chatter; news from Flagstar and PennyMac - Pipeline Press

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MBS Quotes
FNMA 4.0	98-30	0-12
FNMA 4.5	101-14	0-10
FNMA 5.0	104-00	0-09
FNMA 5.5	105-19	0-13
FNMA 6.0	106-12	0-07
Updated: 11/12/09 4:29 PM

Treasuries
3 MO	0.0507	-0.0051
2 YR	0.8071	-0.0160
5 YR	2.2545	-0.0334
10 YR	3.4438	-0.0393
30 YR	4.3909	-0.0215
Updated: 11/12/09 5:15 PM

Mortgage Rates
30 Yr FRM	4.97	-0.01
15 Yr FRM	4.41	-0.03
FHA 30 Year	5.09	-0.03
Jumbo 30 Year	5.95	-0.01
5/1 Yr ARM	3.91	-0.03
Updated: 11/12/09 5:00 PM

Latest Video

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The View From Barclays

11/12/2009

Insight on the markets, employment and housing, with Larry Kantor, Barclays Capital head of global research; Michelle Meyer, Barclays Capital sr. U.S....

Chase Plans to Hire 1200 Workers

11/12/2009

As the housing market begins to show signs of stabilizing, several banks are hiring more employees. They want to be ready when future homeowners come knocking...

Realty Check: FHA Outlook

11/12/2009

The FHA's cash reserves dropped down to .53 percent, with CNBCs' Diana Olick.

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Recent Comments

Adam Quinones

on 11/12/2009 - read this comment

Frank Ceizyk

on 11/12/2009 - read this comment

Adam/Matt-Adam's article in Newswire shows refi applications picking up steam, and an L.O. emailed me an article saying Wells is hiring like crazy anticipating "tidal wave" of loan modifications...

Joe Borek

on 11/12/2009 - read this comment

MG, Why is there always a knee jerk reaction like this? Seems like we expected weak demand from this 30 yr auction, and got it. FNMA 4.50 falls about 8-10 ticks and then goes right back to where we started...

Tim Rood

on 11/10/2009 - read this comment

"Required" is the wrong term for Fannie and Freddie shares, but the shares were treated the same as Treasury's (though a higher relative yield) for capital ratio and tangible equity calculations...

Questions
	What is the difference between filing chater 13 or foreclosure...
	How do I find a lien holder on a house if I'm interested...
	Now that lenders such as Fannie Mae and Freddie Mac have developed...
	Can a mortgage company do a short sale on a home without doing...

Answers
	What is the maximum Seller's Concession allowed with a VA...
	How do I look up what my mobile home is worth?
	What is 203k financing?
	We are giving up our home in our bankruptcy, how will this show...

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Has Anyone Heard of Residential Acceptance.com?
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	6,500 Tax Credit for Homeowners
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: TN, $670,000, 780, 75% LTV, Refinance (Rate and Term)
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: FL, $305,000, 730, 109% LTV, Refinance (Rate and Term)
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: CA, $700,000, 760, 45% LTV, Purchase

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
NY	11/12/2009	350,000.00	Cash Out Refinance
TX	11/11/2009	200,000.00	Refinance (Rate and Term)
TX	11/10/2009	382,000.00	Refinance (Rate and Term)
CO	11/10/2009	550,000.00	Refinance (Rate and Term)
CA	11/9/2009	300,000.00	Construction
MD	11/6/2009	660,000.00	Refinance (Rate and Term)

Mortgage News Daily

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BEWARE: GSEs Strictly Enforcing Lender Loan Repurchase Agreements

Glenn Setzer — Tue, 10 Nov 2009 21:53:00 GMT

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... - Voice of Housing

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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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Parsing the Fed Speak

11/10/2009

CNBC's Steve Liesman parses the latest round of Fed speak. David Malpass, of Encima Global, shares his insight.

Dodd Releases Regulation Reform Proposal

11/10/2009

CNBC's John Harwood parses Sen. Chris Dodd's regulation reform proposal.

Parsing Treasury's Loan Modification Report

11/10/2009

The Treasury Dept. is out with its loan modification status report. Officials claim the rescue program is on track, but is there something they're...

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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...

Questions
	Now that lenders such as Fannie Mae and Freddie Mac have developed...
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30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	6,500 Tax Credit for Homeowners
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Stuck between a rock and an unfinished construction project
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: CO, $550,000, 730, Refinance (Rate and Term)
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	First time buyer with 650 credit score
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	FHA Streamline Refinances with 0x30 Mortgage Only Credit Report

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
CO	11/10/2009	550,000.00	Refinance (Rate and Term)
CA	11/9/2009	300,000.00	Construction
MD	11/6/2009	660,000.00	Refinance (Rate and Term)
NJ	11/5/2009	360,000.00	Refinance (Rate and Term)
TX	11/5/2009	479,250.00	Purchase
VA	11/5/2009	575,000.00	Purchase

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Ironic Twist: Wells Fargo Cuts Borrower Payments. Bets on Housing Recovery

Glenn Setzer — Mon, 09 Nov 2009 22:32:00 GMT

Wells Fargo this week announced it will let some at-risk borrowers pay interest only on their mortgage loans in order to stay current and remain in their... - Voice of Housing

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MBS Quotes
FNMA 4.0	98-16	-0-05
FNMA 4.5	101-04	-0-05
FNMA 5.0	103-19	-0-09
FNMA 5.5	105-04	-0-07
FNMA 6.0	106-03	-0-08
Updated: 11/9/09 4:45 PM

Treasuries
3 MO	0.0436	0.0020
2 YR	0.8479	0.0078
5 YR	2.2947	-0.0001
10 YR	3.4857	-0.0114
30 YR	4.3993	0.0019
Updated: 11/9/09 5:15 PM

Mortgage Rates
30 Yr FRM	4.95	-0.01
15 Yr FRM	4.40	-0.02
FHA 30 Year	5.10	-0.01
Jumbo 30 Year	5.94	0.02
5/1 Yr ARM	3.93	0.03
Updated: 11/9/09 1:57 PM

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Short Sales Stall

11/9/2009

Secondary lenders are starting to hold up short sales, reports CNBC's Diana Olick.

Fed's Quarterly Survey of Loan Officers

11/9/2009

Banks are continuing to tighten standards for all major loans for commercial and consumer, with CNBC's Mary Thompson.

America Still No. 1?

11/9/2009

Debating whether investors should still bet on America, with William Gross, PIMCO; James Pualsen, Wells Capital Management; and CNBC's Erin Burnett...

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Adam Quinones

on 11/9/2009 - read this comment

Martin Tippet

on 11/9/2009 - read this comment

I think it's a good thing they extended it. It brings attention to the housing market and puts a deadline in front of people. Past that it's not doing much to help the housing market over the long...

Ralph Meyers

on 11/9/2009 - read this comment

Anybody who has owned a primary residence for 5 consecutive years out of the last 8 will be eligible to receive a $6500 tax credit if they buy another primary residence. So while you don't necessarily...

Rob Fleming

on 11/9/2009 - read this comment

Good morning AQ et al. Hey- I've been a follower of your blog since early summer, and your advice has saved my bacon more than once. Great job breaking down and explaining what really is an impossible...

Questions
	How do I get a loan modification?
	What is the average commission rate to manage commercial property...
	If a couple marries how is the new name added to the mortgage...
	How does a short sale affect your credit cards? We still have...

Answers
	What is 203k financing?
	We are giving up our home in our bankruptcy, how will this show...
	When can a RE broker refuse to take a listing?
	What is a niche lender?

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: CA, $300,000, 720, 50% LTV, Construction
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	6,500 Tax Credit for Homeowners
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Just did a Streamline Refinance and Rates Have Gone Even Lower
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Has California SB 94 Affected You? Wreaked Havoc on Loan Modification
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Is Defaulting on my Home Loan Really that Bad?

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
CA	11/9/2009	300,000.00	Construction
MD	11/6/2009	660,000.00	Refinance (Rate and Term)
NJ	11/5/2009	360,000.00	Refinance (Rate and Term)
TX	11/5/2009	479,250.00	Purchase
VA	11/5/2009	575,000.00	Purchase
CA	11/4/2009	640,000.00	Purchase

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Obama Signs Home Buyer Tax Credit Extension. Will It Be Effective?

Glenn Setzer — Fri, 06 Nov 2009 21:55:00 GMT

President Barack Obama signed into law this morning legislation extending the $8,000 tax credit beyond its current November 30 expiration date. The bill... - MND NewsWire

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MBS Quotes
FNMA 4.0	98-19	0-06
FNMA 4.5	101-11	0-09
FNMA 5.0	103-27	0-08
FNMA 5.5	105-13	0-07
FNMA 6.0	106-09	0-02
Updated: 11/6/09 4:27 PM

Treasuries
3 MO	0.0416	0.0016
2 YR	0.8401	-0.0599
5 YR	2.2947	-0.0553
10 YR	3.4971	-0.0729
30 YR	4.3974	-0.0126
Updated: 11/6/09 4:55 PM

Mortgage Rates
30 Yr FRM	4.96	-0.02
15 Yr FRM	4.42	-0.02
FHA 30 Year	5.11	-0.04
Jumbo 30 Year	5.92	-0.04
5/1 Yr ARM	3.90	-0.01
Updated: 11/6/09 4:54 PM

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Barney Frank on Financial Regulation

11/6/2009

Rep. Barney Frank, chairman of the House Financial Services Committee, gives his thoughts on financial regulation reform.

Elizabeth Warren Says TARP Will Probably Make a Profit: Video

11/6/2009

Nov. 6 (Bloomberg) -- Elizabeth Warren, chairman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks with Bloomberg's...

Econ Panel: Jobs Report & the Markets

11/6/2009

Torsten Slok, of Deutsche Bank, and Brian Wesbury, of First Trust Advisors, discusses today's jobs report and what it means for the markets.

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Recent Comments

Adam Quinones

on 11/6/2009 - read this comment

I dont expect the tax credit extension to have a major impact on housing demand. While we might see home buying front end loaded in the first half of the year, underlying demand fundamentals remain weak...

David Gaffin

on 11/6/2009 - read this comment

Talk about finding something floating in your soup. I was looking forward to a tasty day of locking. Will have to wait a bit. Adam do you think this turnaround this AM is looking inside the numbers at...

Edgar

on 11/6/2009 - read this comment

AQ dont forget the 17.5% U6-unemployment number. Average hourly earnings showing improvement which the fed will probably like-along with the market bulls. Retail sales for xmas will be awesome with 17...

Bette Miller

on 11/5/2009 - read this comment

I wish this could have been through the summer months of 2010 so those families that wish to move during the summer could do so. Also, the short sale approvals need to speed up so people can get the ball...

Questions
	What is the average commission rate to manage commercial property...
	What is 203k financing?
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Answers
	I would like to lower my mortgage payments by paying $50,000...
	i will be out of a job next month after 5 years will i qualify...
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Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: MD, $660,000, 690, 78% LTV, Refinance (Rate and Term)
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	PMI
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Mortgage Company Trying to Foreclose/We Have NOT Missed A Payment!!! NEED HELP ASAP!!!
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Experience with a Mortgage Loan Officer
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Reciprocity procedures

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
MD	11/6/2009	660,000.00	Refinance (Rate and Term)
NJ	11/5/2009	360,000.00	Refinance (Rate and Term)
TX	11/5/2009	479,250.00	Purchase
VA	11/5/2009	575,000.00	Purchase
CA	11/4/2009	640,000.00	Purchase
PA	11/4/2009	200,000.00	Purchase

Mortgage News Daily

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House Passes Home Buyer Tax Credit Extension - Obama to Sign as Soon as Friday

Glenn Setzer — Thu, 05 Nov 2009 22:40:00 GMT

The House of Representatives has voted to pass legislation extending the first time home tax credit until April 30, 2009. Last night the Senate voted... - MND NewsWire

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MBS Quotes
FNMA 4.0	98-15	0-07
FNMA 4.5	101-04	0-08
FNMA 5.0	103-20	0-02
FNMA 5.5	105-05	-0-01
FNMA 6.0	106-05	0-00
Updated: 11/5/09 4:29 PM

Treasuries
3 MO	0.0400	-0.0100
2 YR	0.9000	-0.0100
5 YR	2.3500	-0.0400
10 YR	3.5700	0.0000
30 YR	4.4100	0.0000
Updated: 11/5/09 5:49 PM

Mortgage Rates
30 Yr FRM	4.98	-0.04
15 Yr FRM	4.44	-0.04
FHA 30 Year	5.15	-0.03
Jumbo 30 Year	5.96	-0.03
5/1 Yr ARM	3.91	-0.03
Updated: 11/5/09 4:33 PM

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Gaga for Gold

11/5/2009

Investors are having a love affair with gold right now, with Paul Wigdor, Superfund USA CEO and CNBC's Erin Burnett.

Unemployment Link to Rates

11/5/2009

Why the next jobs report could be the key to whether the Fed hikes interest rates, with CNBC's Steve Liesman.

Productivity, Jobless Claims, Mortgage Rates

11/5/2009

There is some more good news today for the economy. Third quarter productivity at US companies increased by a 9.5 percent annual rate in the third quarter...

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Edgar

on 11/5/2009 - read this comment

Joe: While I think the down payment should be more, you hit the key point-down payment. If you have a 740 FICO score, liquid assets, long term job history, previous owning experience pure A PAPER etc....

Bobby Downey

on 11/5/2009 - read this comment

Edgar while FHA in itself has lenient guidelines a lot of investors are tightening their specific credit requirements and introducing overlays. So just as we have seen credit quality improve in PRIME stuff...

Lisa Montoya

on 11/5/2009 - read this comment

My daughter is a first time home buyer, and is purchasing her very own townhouse in Phoenix, AZ. She locked on Wednesday (FHA-30 yr) at a 5 %, BUT she had to buy down. Original quote which was given to...

Missy Jasso

on 11/4/2009 - read this comment

I wish to thank you ALL for your informative blogs. I have been in the process of a refi and your advice has been invaluable. AQ I don't care how much flack you have been getting from the forums on...

Questions
	What is a niche lender?
	How many years am I able to save if I make an extra payment on...
	Is there any way possible to refinance my mortgage if I owe more...
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Answers
	I would like to lower my mortgage payments by paying $50,000...
	i will be out of a job next month after 5 years will i qualify...
	I have been out of the USA for 4-5 years and will be returning...
	Where can I find prices and or charts for mortgage backed securities...

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Buy a Relatives Home on Short Sale and Rent Back to Them
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	new tax credit
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: NJ, $360,000, 575, 89% LTV, Refinance (Rate and Term)
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	refi plus with bank of america, ? on escrow
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	SURRENDER THE HOUSE?

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
NJ	11/5/2009	360,000.00	Refinance (Rate and Term)
TX	11/5/2009	479,250.00	Purchase
VA	11/5/2009	575,000.00	Purchase
CA	11/4/2009	640,000.00	Purchase
PA	11/4/2009	200,000.00	Purchase
SC	11/2/2009	110,000.00	Purchase

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Diving Deep Into the FOMC Statement...

Glenn Setzer — Wed, 04 Nov 2009 23:53:00 GMT

Although this may not be necessary, I am going to over-analyze the FOMC statement and relate it to mortgage rates. - MND NewsWire

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MBS Quotes
FNMA 4.0	98-04	0-01
FNMA 4.5	100-27	0-02
FNMA 5.0	103-17	0-04
FNMA 5.5	105-06	0-01
FNMA 6.0	106-06	0-04
Updated: 11/4/09 4:34 PM

Treasuries
3 MO	0.0500	-0.0100
2 YR	0.9100	-0.0100
5 YR	2.3900	0.0300
10 YR	3.5700	0.0700
30 YR	4.4100	0.0700
Updated: 11/4/09 5:45 PM

Mortgage Rates
30 Yr FRM	5.02	0.03
15 Yr FRM	4.48	0.03
FHA 30 Year	5.18	0.04
Jumbo 30 Year	5.99	0.03
5/1 Yr ARM	3.94	0.04
Updated: 11/4/09 1:34 PM

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11/04 NYSE Closing Bell Market Monitor: MRK, DIS, PHM

11/4/2009

11/04/09 The latest in news, commentary, and information on what's moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily ...

11/04 Oil Prices Rally On Weak Dollar, Stockpile Slide

11/4/2009

11/04/09 Oil prices rallied this session on a weaker dollar and a decline in stockpiles for last week.

Fed Holds the Line

11/4/2009

What the Fed decision means for the markets, with Mohamed El-Erian, PIMCO CEO; Ken Volpert, Vanguard; William Poole, former St. Louis Federal Bank president;...

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Missy Jasso

on 11/4/2009 - read this comment

Bobby Downey

on 11/4/2009 - read this comment

Seems like MBS are holding up extremely well today....surprised to see the reaction we did in TSY...would think we would see a correction now that the what if is taken out of the equation but I guess we...

Craig LaBruno

on 11/4/2009 - read this comment

Very well put and I agree with everything you said. I strongly believe the improvements have been a result of the low Fed Funds policy and the government stimulus as you mentioned. Another Black Wednesday...

Bobby Downey

on 11/4/2009 - read this comment

Craig i am with you on your thinking....I think there is a little what if priced into the market right now.....but I locked everything anyway because if we do get any positive movement it will probably...

Questions
	i will be out of a job next month after 5 years will i qualify...
	how much are real estate membership dues?
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	I have been out of the USA for 4-5 years and will be returning...

Answers
	Where can I find prices and or charts for mortgage backed securities...
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Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Seeking an explanation: spread between mortgages and treasuries.
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Looking for Broker/Real Estate Agent team for Homepath investment property in Tucson, Arizona
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Made Major Mistake...Q's re: VA Loan
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Tax Transcript
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	refinance nightmare with gmac

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
CA	11/4/2009	640,000.00	Purchase
PA	11/4/2009	200,000.00	Purchase
SC	11/2/2009	110,000.00	Purchase
WA	10/29/2009	150,000.00	Refinance (Rate and Term)
GA	10/28/2009	360,000.00	Refinance (Rate and Term)
FL	10/26/2009	139,000.00	Purchase

Mortgage News Daily

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Refinancing Boom Boosts Profitability; Pending Home Sales

Glenn Setzer — Mon, 02 Nov 2009 21:09:00 GMT

Mortgage bankers reported a substantial increase in per-loans profits during the second quarter of 2009 and an increase in loans, especially refinancings... - MND NewsWire

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MBS Quotes
FNMA 4.0	98-12	-0-09
FNMA 4.5	100-29	-0-09
FNMA 5.0	103-14	-0-07
FNMA 5.5	105-02	-0-05
FNMA 6.0	106-04	-0-03
Updated: 11/2/09 3:57 PM

Treasuries
3 MO	0.0396	-0.0105
2 YR	0.9206	0.0206
5 YR	2.3383	0.0283
10 YR	3.4258	0.0158
30 YR	4.2677	0.0377
Updated: 11/2/09 4:10 PM

Mortgage Rates
30 Yr FRM	4.97	-0.03
15 Yr FRM	4.44	-0.02
FHA 30 Year	5.09	-0.02
Jumbo 30 Year	5.94	-0.04
5/1 Yr ARM	3.89	-0.05
Updated: 11/2/09 1:05 PM

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Betting Against Housing Market

11/2/2009

Goldman wasn't the only player shorting the housing market in late 2006, with CNBC's Charlie Gasparino.

Wal-Mart's Urban Strategy

11/2/2009

Discussing Wal-Mart's game plan, with John Lawrence, Morgan Keegan.

What's Driving Market Swings?

11/2/2009

The Dow has moved more than 100 points in six of the last seven trading sessions. Mike Ryan, of UBS, tells CNBC what's behind these violent market...

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Recent Comments

Josh Ruffin

on 11/2/2009 - read this comment

I commented last week on the ease of applying for the first time home buyer tax credit. While I have yet to hear anything about my personal credit return, a close friend of mine filed for hers a couple...

Adam Quinones

on 11/2/2009 - read this comment

Bobby, the bond market's resiliency is a function of a record low Fed rates policy and a steep yield curve...which is in itself a factor of an uncertain economic outlook. I do believe the stock market...

Bobby Downey

on 11/2/2009 - read this comment

GM AQ.....watching Bloomberg this morning I see David Tice talking about where the S & P is heading and I am wondering how much credibility can I lend what he says.....he says stocks are way overbought...

Raymond J Ruddy III

on 10/30/2009 - read this comment

If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks...

Questions
	I have been out of the USA for 4-5 years and will be returning...
	What are the advantage and disadvantages of using the preprinted...
	What is the maximum Seller's Concession allowed with a VA...
	I own a 2nd home that is used as a rental and I am thinking about...

Answers
	What makes up APR on the Truth in Lending Disclosure Statement...
	I received the modification package but the amount of the mortgage...
	Should i notify my mortgage lender that I am strating get difficulties...
	My mother wants to put her house in my name. Do i have to pay...

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Find Small Subdivisions in Foreclosure
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	MORTGAGE LENDER INCREASING ESCROW
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	BAC DUE AT TITLE PASSING
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Vacating Rental Property After Sherriff's Sale
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Homemakers’ paradise

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
SC	11/2/2009	110,000.00	Purchase
WA	10/29/2009	150,000.00	Refinance (Rate and Term)
GA	10/28/2009	360,000.00	Refinance (Rate and Term)
FL	10/26/2009	139,000.00	Purchase
FL	10/24/2009	305,000.00	Refinance (Rate and Term)
MD	10/22/2009	500,000.00	Purchase

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Addressing Continued Concerns About the FHA

Glenn Setzer — Fri, 30 Oct 2009 21:30:00 GMT

In January of this year, both Joe Murin and I were asked by HUD Secretary Donovan to remain as Ginnie Mae president and FHA Commissioner respectively to... - Voice of Housing

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MBS Quotes
FNMA 4.0	98-19	0-14
FNMA 4.5	101-05	0-12
FNMA 5.0	103-22	0-14
FNMA 5.5	105-09	0-10
FNMA 6.0	106-08	0-07
Updated: 10/30/09 4:30 PM

Treasuries
3 MO	0.0446	-0.0154
2 YR	0.8891	-0.0909
5 YR	2.3084	-0.1316
10 YR	3.3828	-0.1472
30 YR	4.2253	-0.1247
Updated: 10/30/09 5:15 PM

Mortgage Rates
30 Yr FRM	5.00	-0.02
15 Yr FRM	4.46	-0.03
FHA 30 Year	5.11	-0.04
Jumbo 30 Year	5.98	-0.02
5/1 Yr ARM	3.94	-0.02
Updated: 10/30/09 2:07 PM

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Health of U.S. Economy

10/30/2009

Getting more clues about the state of the manufacturing sector, with CNBC's Steve Liesman and Robert McTeer, former Dallas Federal Reserve president...

Giving a Boost to Small Businesses

10/30/2009

Small business owner Lani Hay, president and CEO of IT firm Lanmark Technology Inc., met with Vice President Biden and President Obama to discuss the state...

Econ Analysis: Jobs, Consumer Sentiment

10/30/2009

A look at some of the latest economic data, with CNBC's Rick Santelli.

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Recent Comments

Raymond J Ruddy III

on 10/30/2009 - read this comment

David Whitley Jr.

on 10/30/2009 - read this comment

4.5 up 13 ticks and no reprice for better yet. If were down 13 ticks I can promise you we would have gotten reprices for the worse. Is it me or is anyone else absolutely fed up with their lenders. They...

David Chen

on 10/30/2009 - read this comment

Hi Victor, I closed on my townhome yesterday. I must say without your daily Mortgage Rate blog and your expert advise I won't be able to get 4.75% interest rate 30 yrs fixed. I did pay 1.125% discount...

Gary Paetzold

on 10/30/2009 - read this comment

Gutflop - Grand Unified Theory of Floating or Locking Origination Pipelines

Questions
	My mother wants to put her house in my name. Do i have to pay...
	Should i notify my mortgage lender that I am strating get difficulties...
	I own a 2nd home that is used as a rental and I am thinking about...
	I received the modification package but the amount of the mortgage...

Answers
	What makes up APR on the Truth in Lending Disclosure Statement...
	My question is concerning closing costs in a fha streamline refi...
	We would like to refinace our conventional loan into a FHA loan...
	How much interest do I save if I pay half my mortgage early on...

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Offer guidance on REO property.
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	FHA Upfront Mortgage Insurance Premiums Tax Deductible?
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	How does the 52 pay plan work in a mortgage?
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Lender Contacts
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Refinance options

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
WA	10/29/2009	150,000.00	Refinance (Rate and Term)
GA	10/28/2009	360,000.00	Refinance (Rate and Term)
FL	10/26/2009	139,000.00	Purchase
FL	10/24/2009	305,000.00	Refinance (Rate and Term)
MD	10/22/2009	500,000.00	Purchase
KY	10/21/2009	117,600.00	Purchase

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MBS Rallies; New Home Sales Fall; Top 5 SEO Strategies

Glenn Setzer — Wed, 28 Oct 2009 22:11:00 GMT

After another treasury auction that failed to phase the fixed income market, it's simply business as usual, with no major suggestion of directionality... - MBS Commentary

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MBS Quotes
FNMA 4.0	98-22	0-17
FNMA 4.5	101-03	0-12
FNMA 5.0	103-16	0-09
FNMA 5.5	105-04	0-08
FNMA 6.0	106-01	0-03
Updated: 10/28/09 4:36 PM

Treasuries
3 MO	0.0700	-0.0100
2 YR	0.9500	-0.0400
5 YR	2.3700	-0.0400
10 YR	3.4400	-0.0500
30 YR	4.2500	-0.0400
Updated: 10/28/09 6:00 PM

Mortgage Rates
30 Yr FRM	5.01	-0.03
15 Yr FRM	4.48	-0.04
FHA 30 Year	5.16	-0.03
Jumbo 30 Year	6.02	-0.02
5/1 Yr ARM	3.95	-0.03
Updated: 10/27/09 2:04 PM

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Inside Look - Commercial Real Estate Woes

10/28/2009

Analysis and discussion with President and Founder of Blesso Properties Matthew Blesso; There may be signs that the housing market starts to stabilize...

Housing Slump Over?

10/28/2009

Michelle Meyer, senior US economist at Barclays Capital, and CNBC's Diana Olick discuss whether housing has hit a bottom.

Inside Look - Re-Building Housing

10/28/2009

Analysis and discussion with Vice Chairman of WL Ross James Lockhart; Housing prices are now stabilizing; Home affordability in U.S. is at all-time high...

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Recent Comments

Frank Ceizyk

on 10/28/2009 - read this comment

Nothing wrong with ranting. However, government implementing stricter guidelines--you really think they could come up with something valid given their track record of implementing and enforcing guidelines...

Victor Burek

on 10/28/2009 - read this comment

Steven, i would relock tomorrow. Another good auction has led to mbs moving higher, most lenders have repriced better and more improvements on the way. patrick, Flagstar has always required the use of...

Patrick Newcomb

on 10/28/2009 - read this comment

Doing away with HVCC will certaily be good for lending on many levels. Although I do believe the large lenders will implement their own version of this, I'm confident that they'll do so with common...

Frank Ceizyk

on 10/28/2009 - read this comment

Brief success story that I must give Matt's MBS Commentary this evening and Adam's housing MND Newswire credit for giving me educated added value points--borrower under contract tonight for $600k...

Questions
	Where can I find prices and or charts for mortgage backed securities...
	Can a construction loan be obtained on a home that has never...
	My question is concerning closing costs in a fha streamline refi...
	Do you know where I can learn more about the life cycle of a...

Answers
	How do you compute the monthly interest on a mortgage loan?
	Can I have a VA and an FHA loan?
	iI the $8000 tax credit credit on your taxes or is it a check...
	I have never owned a home or had a home loan. Where do I start...

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Good Faith Estimate Estimate of Title Insurance
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	[Poll] Should the FTHB Tax Credit be extended?
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Rural Development Loan
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Loan Scenario: GA, $360,000, 760, 80% LTV, Refinance (Rate and Term)
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Find Small Subdivisions in Foreclosure

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
GA	10/28/2009	360,000.00	Refinance (Rate and Term)
FL	10/26/2009	139,000.00	Purchase
FL	10/24/2009	305,000.00	Refinance (Rate and Term)
MD	10/22/2009	500,000.00	Purchase
KY	10/21/2009	117,600.00	Purchase
NM	10/21/2009	310,000.00	Refinance (Rate and Term)

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Will Housing Continue to Stabilize?; Lenders Reprice for Better

Glenn Setzer — Tue, 27 Oct 2009 21:39:00 GMT

The FN 4.0 is trading +0-15 at 98 "rock" (trader jargon for 98-00. Could also say 98 no level all handle, 98 even, 98 the figure) yielding 4... - MBS Commentary

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MBS Quotes
FNMA 4.0	98-03	0-18
FNMA 4.5	100-24	0-16
FNMA 5.0	103-09	0-13
FNMA 5.5	104-29	0-07
FNMA 6.0	105-31	0-06
Updated: 10/27/09 4:32 PM

Treasuries
3 MO	0.0710	0.0213
2 YR	0.9260	-0.0986
5 YR	2.3714	-0.1153
10 YR	3.4448	-0.1094
30 YR	4.2759	-0.0890
Updated: 10/27/09 5:15 PM

Mortgage Rates
30 Yr FRM	5.01	-0.03
15 Yr FRM	4.48	-0.04
FHA 30 Year	5.16	-0.03
Jumbo 30 Year	6.02	-0.02
5/1 Yr ARM	3.95	-0.03
Updated: 10/27/09 2:04 PM

Latest Video

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T-Note Auction Results

10/27/2009

The US auctioned $44 Billion in 2-Year Notes at a high yield of 1.02%. CNBC's Rick Santelli shares his analysis.

Housing Outlook- Artificial Strengths Amid Tax Credit Impact

10/27/2009

Housing Trick or Treat? - Analysis and Discussion with Ethan Harris of Bank of America-Merrill Lynch (Bloomberg News)

SIFMA Conference Today

10/27/2009

Wall Street's biggest lobbying organization meets in New York City today. (Bloomberg News)

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Today's Comments

David Gaffin

on 10/27/2009 - read this comment

I am generally in favor of extending the FTHB tax credit for as much as a year. This would reduce the impact of the fed exiting the MBS purchase program. I am not infavor of expanding the market reach...

Glen W. Spencer

on 10/27/2009 - read this comment

Currently best option regarding YSP is to make Originator/Broker charge upfront points equal to the YSP and then credit the YSP back to the borrower. This shows Full Disclosure exactly what the Originator...

jwhite

on 10/26/2009 - read this comment

Matthew, Adam, and all other contributors. Kudos to you guys. I gotta say that I have enjoyed your site and I appreciate all the information you guys provide to mortgage brokers. The techinicals are difficult...

Frank Ceizyk

on 10/23/2009 - read this comment

Couldn't agree with you more--but I'd say take it one step further. Non profit organizations like CCCS (Consumer Credit Counseling) have budgeting and basic homebuying courses offered for free...

Today's Questions
	Do you know where I can learn more about the life cycle of a...
	When you apply for a mortgage do the credit card companies have...
	How much interest do I save if I pay half my mortgage early on...
	Can a Buyer's Broker participate in the MLS and receive a...

Today's Answers
	How do you compute the monthly interest on a mortgage loan?
	Can I have a VA and an FHA loan?
	iI the $8000 tax credit credit on your taxes or is it a check...
	I have never owned a home or had a home loan. Where do I start...

Forum Discussions
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Refinancing a Doublewide on 40.6 Acres
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Good Faith Estimate Estimate of Title Insurance
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Hard Money in Days for Bank REO's FL
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Can a Seller with a Mortgage Enter Into a Contract for Deed
30 ? 30: true);height: expression(this.height > 30 ? 30: true);" border="0" />	Was Laid off Last year, had a break for 10 months, is it a problem to get a home loan?

Loan Scenarios			Post \| View All
State	Date	Amount	Loan Type
FL	10/26/2009	139,000.00	Purchase
FL	10/24/2009	305,000.00	Refinance (Rate and Term)
MD	10/22/2009	500,000.00	Purchase
KY	10/21/2009	117,600.00	Purchase
NM	10/21/2009	310,000.00	Refinance (Rate and Term)
NY	10/20/2009	300,000.00	Purchase

Mortgage News Daily

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