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Friday August 9, 2013
MND NewsWire - 10:52AM
Approximately 43,000 newly constructed homes were purchased in July, the Mortgage Bankers Association (MBA) said today. MBA based its estimate on mortgage applications for new homes ...
MND NewsWire - 1:00PM
When municipalities like San Bernardino County, California, Chicago, Brockton, Massachusetts, and Richmond California first proposed using their power of eminent domain to gain control ...
MND NewsWire - 3:09PM
The Office of Inspector General (OIG) of the Federal Housing Finance Agency (FHFA) has published an assessment of the Home Affordable Refinance Program (HARP) at what is presumed to ...
Mortgage Rate Watch - 3:21PM
Mortgage rates moved lower for a third straight day , ending the week at their best levels. Rates are currently just shy of July 23rd lows. We noted yesterday that financial markets ...
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"3yrs since the date FHA incurred the loss,..."
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"i have one that BOA still hasn't foreclosed on the BK discharged 2.5 years ago. This people are being screwed by boa because i can't start the clock until BOA takes the home back..."
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"Dustin ... depending on the lender and how the UW looks at it ... if the house was part of the BK and the BK was discharged then the debt is no longer theirs. I had one where it got through on that fact alone. But every UW reads the rules different..."
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"DM, I saw another client of BofA, similar story, BK in 2008, left the home, foreclosed on they thought, and deed wasn't recorded until 2012...guess what happened to their FHA deal?..."
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"actually, if they house had an FHA loan, they won't be able to buy with a new FHA loan loan until 3 years after the claim was filed with FHA, which could often be after the deed sale, I have a customer that had their chap 7 discharged in Oct 2011, with an FHA loan included, BOA didn't take it till Oct..."
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Today's Rates
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30 Yr FRM
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4.42%
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-0.01
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15 Yr FRM
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3.63%
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+0.00
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FHA 30 Year Fixed
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4.25%
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+0.00
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Jumbo 30 Year Fixed
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4.46%
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+0.01
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5/1 Yr ARM
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3.23%
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+0.02
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Average Mortgage Rates
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15 Yr. Fixed
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2.80%
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1.17
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-0.23
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30 Yr. Fixed
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3.58%
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1.37
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-0.19
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30 Yr. Fixed
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4.61%
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0.42
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+0.03
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15 Yr. Fixed
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3.66%
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0.43
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-0.01
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30 Yr. Jumbo
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4.64%
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0.34
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+0.00
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30 Yr. FHA
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4.33%
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0.26
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+0.03
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5/1 ARM
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3.39%
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0.37
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+0.00
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30 Yr. Fixed
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4.40%
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0.70
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+0.01
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15 Yr. Fixed
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3.43%
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0.70
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+0.00
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1 Yr. ARM
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2.62%
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0.30
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-0.02
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5/1 Yr. ARM
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3.19%
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0.50
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+0.01
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* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
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Secondary Markets
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30YR FNMA 3.0
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97-04
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-0-03
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30YR FNMA 3.5
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100-32
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-0-04
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30YR GNMA 3.0
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98-07
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-0-02
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30YR GNMA 3.5
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102-05
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-0-01
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15YR FNMA 3.0
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102-29
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-0-05
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15YR FNMA 2.5
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99-32
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-0-02
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2 YR
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0.3058%
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+0.0002
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5 YR
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1.3538%
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-0.0033
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10 YR
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2.5802%
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-0.0090
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30 YR
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3.6362%
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-0.0367
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Prices as of: 8/9/2013 4:31PM EST
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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
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