Daily Newsletter: Monday December 17, 2012

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30 Year Fixed

                                                                3.40%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.78%
                                                                  
                                                                +0.0711

FNMA 30YR 3.5

                                                                106-07
                                                                  
                                                                -0-08

FNMA 15YR 2.5

                                                                105-12
                                                                  
                                                                -0-03

View Today's Rates

Monday December 17, 2012

MND NewsWire - 1:52PM

JP Morgan Sued Over $3.6B of Bear Stearns MBS

The National Credit Union Administration (NCUA) has brought suit against J.P. Morgan Securities and Bear, Stern and Company over the failure of four corporate credit unions. The suit ...

Pipeline Press - 9:22AM

Servicing Retained or Released?; The CFPB and Credit Reports; CFPB's Guidance on Policies and Procedures Manual

A successful mortgage CEO once told me, "Your ego isn't always your amigo. It's amazing what you can accomplish when you don't care who receives the credit." Speaking of credit, although ...

Pipeline Press - 9:28AM

The CFPB on QM and Auto Financing; ALTA on Risk Policy and Closing Policies

Remember when pictures of your home weren't on the internet for everyone to see? Those days are gone, and in fact now our residences are in snow globes for the holidays. (Thanks Mike ...

Mortgage Rate Watch - 2:24PM

Mortgage Rates Slightly Higher To Begin The Week

Mortgage rates moved slightly higher to begin the last full week of 2012 after fighting back against recent weakness on Friday. Bond markets did little to react to economic data or ...

Latest Video

Lacker on Fed's Controversial Move

What Home Buyers Want

Are We In a Bond Bubble?

More News from 'Around the Web'

Bloomberg - 2:55PM
Fed Stresses Bank Governance in Letter to Boards, Supervisors
CNBC - 4:21PM
Lacker's Interview Should Boost Rate Doves
CNBC - 12:25PM
You May Regret Not Buying a House: Hovnanian CEO
Bloomberg - 11:55AM
Smart Money Is on Geithner to Replace Bernanke
CNBC - 11:40AM
Renewed Optimism in Housing as Buyers Look to Upsize
CNBC - 11:28AM
Fed's Lacker: Jobless Rate Won't Hit 6.5% for Three Years
CNBC - 11:24AM
Boehner Tax: Big Leap for GOP, Small Step for Revenue
Market Watch - 9:33AM
Foreign net Treasury purchases rebound in Oct.
www.freddiemac.com - 9:32AM
Freddie Mac: New Selling Representation and Warranty Framework Takes Effect in the New Year
The Big Picture - 8:29AM
MBIA's Presentation on Countrywide's Fraud
Mortgage Crisis Watch - 11:39PM
Gotcha! Originators Beware of Baseless Claims
Bloomberg - 11:35PM
Bank of America Sued by DZ Bank Over Mortgage-Backed Securities

Today's Comments

	MBS Live Chat - 12:21PM "anyone have any suggestions on tracking down a payoff on a judgment? It's showing on credit, but company that filed it sold to another company. That company sold to another company and they are sayign they don;t have any information on it since it was over 5 years ago. She will pay it, but she can;t..."
	MBS Live Chat - 12:25PM "ask the original company to sign a satisfaction and see what happens..."
	MBS Live Chat - 12:26PM "Chip.... in Pa. if the judgement is over 5 years old and hasn't been updated, then it becomes a non-collectable judgment. Ck w/ the county and see if that applies in your state...."
	MND NewsWire - 12:41AM "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 borrower, loan agent or both was telling the truth about stated income loans? Of course they probably 'suspected' but didnt KNOW. Angelo cleverly slithered around..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.40%

+0.01

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.60%

+0.01

5/1 Yr ARM

2.98%

+0.00

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.91%

0.89

-0.12

30 Yr. Fixed

3.62%

1.22

-0.14

MBA **

30 Yr. Fixed

3.47%

0.36

-0.05

15 Yr. Fixed

2.85%

0.26

-0.01

30 Yr. Jumbo

3.77%

0.35

-0.02

30 Yr. FHA

3.32%

0.51

-0.02

5/1 ARM

2.63%

0.34

+0.01

Freddie Mac **

30 Yr. Fixed

3.32%

0.70

-0.02

15 Yr. Fixed

2.66%

0.60

-0.01

1 Yr. ARM

2.53%

0.50

-0.02

5/1 Yr. ARM

2.70%

0.60

+0.01

Current Mortgage Rates »

* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.

Secondary Markets

MBS

Price

Change

30YR FNMA 3.0

104-12

-0-10

30YR FNMA 3.5

106-07

-0-08

30YR GNMA 3.0

105-28

-0-09

30YR GNMA 3.5

108-08

-0-07

15YR FNMA 3.0

105-12

-0-03

15YR FNMA 2.5

104-09

-0-04

Treasuries

Yield

Change

2 YR

0.2540%

+0.0160

5 YR

0.7345%

+0.0436

10 YR

1.7752%

+0.0711

30 YR

2.9473%

+0.0801

Prices as of: 12/17/2012 4:31PM EST

Current MBS / Treasury Prices »

MBS and Treasury data provided by Thomson Reuters.

Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.

Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice.

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