MBS Live: MBS RECAP
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FNMA 3.5
101-28 : +0-09
FNMA 4.0
104-02 : +0-08
FNMA 4.5
105-17 : +0-06
FNMA 5.0
107-07 : +0-04
GNMA 3.5
103-21 : +0-07
GNMA 4.0
106-21 : +0-09
GNMA 4.5
108-19 : +0-08
GNMA 5.0
110-00 : +0-06
FHLMC 3.5
101-21 : +0-07
FHLMC 4.0
103-28 : +0-08
FHLMC 4.5
105-03 : +0-07
FHLMC 5.0
106-20 : +0-06
Pricing as of 4:00 PM EST
Afternoon Market Updates
A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard.
12:48PM  :  ALERT: Positive Reprices Reported, More Possible if Current Levels Hold
The uptrend that began this morning has continued steadily into the afternoon. Benchmark 10yr yields broke through resistance at 2.03+ and Fannie 3.5 MBS broke back above the important 101-16 and currently sit 2 ticks better on the day at 101-21. A few of the early lenders have already repriced for the better. A few more might reprice at these levels with a majority getting on board around 101-26 levels.
11:07AM  :  NY Fed: US Q3 Mortgage Balances Fell 1.3%
Mortgage balances on consumer credit reports fell by approximately $114 billion or 1.3 percent over the third quarter while home equity lines of credit balances increased by roughly $14 billion or 2.3 percent.

Non-real estate indebtedness now stands at $2.62 trillion, about 1.3 percent above its Q2 level.

Aggregate credit card limits declined by about $25 billion slightly offsetting increases from earlier this year.


Open credit card accounts declined by 6 million to 383 million in the third quarter and credit card borrowing limits fell again, partially offsetting some gains seen earlier in the year.

Open credit card accounts for third quarter were approximately 23 percent below the peak in second quarter 2008 and balances on those cards were nearly 20 percent below their highest levels in fourth quarter 2008.

Credit account inquiries within six months, an indicator of consumer credit demand, increased for the second quarter in a row.


Overall delinquency rates increased to 10 percent as of the end of September, compared with 9.8 percent at the end of June.

Approximately $1.2 trillion of consumer debt is delinquent with $834 billion being seriously delinquent (more than 90 days).

About 2.5 percent of current mortgage balances transitioned into delinquency in the third quarter, reversing a recent trend of reductions in this measure.


New foreclosures decreased 7 percent quarter over quarter and bankruptcies declined 18.8 percent year over year.
Featured Market Discussion
A recap of the featured comments from the Live Discussion on the MBS Live Dashboard.
Matt Hodges  :  "REPRICE: 3:51 PM - BB&T Better"
Rob Clark  :  "REPRICE: 3:38 PM - Citi Better"
Jeff Anderson  :  "REPRICE: 3:31 PM - Chase Better"
Steve Chizmadia  :  "REPRICE: 3:14 PM - Pinnacle Better"
Michael Tadros  :  "REPRICE: 3:13 PM - Interbank Better"
Ira Selwin  :  "REPRICE: 3:11 PM - Franklin American Better"
David Z.  :  "http://bloom.bg/uKrTqC"
David Z.  :  "Not sure if this was discussed. Good article"
Bryan LaFlamme  :  "REPRICE: 2:59 PM - Icon Wholesale Better"
Michael Tadros  :  "REPRICE: 2:50 PM - GMAC Better"
Michael Tadros  :  "REPRICE: 2:47 PM - Provident Funding Better"
Michael Tadros  :  "REPRICE: 2:44 PM - Plaza Better"
Matt Hodges  :  "REPRICE: 2:42 PM - Suntrust Better"
Victor Burek  :  "REPRICE: 2:21 PM - Nexbank Better"
Ira Selwin  :  "REPRICE: 2:15 PM - AMC Better"
Gus Floropoulos  :  "REPRICE: 2:12 PM - PHH Better"
Jay Bridges  :  "REPRICE: 2:04 PM - Met-Life Better"
Steve Chizmadia  :  "REPRICE: 2:01 PM - Stearns Lending Better"
Victor Burek  :  "REPRICE: 1:51 PM - Flagstar Better"
Matt Hodges  :  "REPRICE: 1:40 PM - USBank Better"
Ira Selwin  :  "REPRICE: 1:39 PM - Franklin American Better"
Chris Kopec  :  "REPRICE: 1:37 PM - Fifth Third Mortgage Better"
Jim Leonard  :  "REPRICE: 1:36 PM - Sierra Pacific Better"
Jeff Anderson  :  "REPRICE: 1:31 PM - Chase Better"
Ken Crute  :  "we just got a reprice, and if we are repricing everyone should be very soon "
Mike Drews  :  "REPRICE: 1:27 PM - Wells Fargo Better"
Ira Selwin  :  "REPRICE: 12:41 PM - AMC Better"
Bryan LaFlamme  :  "Thinking we should probably see a few more reprices coming in, yeah?"
MMNJ  :  "REPRICE: 12:36 PM - Provident Funding Better"
Ira Selwin  :  "until it's purchased, you're stuck with it"
Ira Selwin  :  "Of course AH"
Andrew Horowitz  :  "do you keep any exposure for once delivered loans that they might not Buy?"
Andrew Horowitz  :  "tis the season for extensions"
Ira Selwin  :  "Wells reviewing Conv closed loans for purchase received on 11/2"
Ira Selwin  :  "REPRICE: 12:14 PM - Franklin American Better"