Mortgage News Daily

MBS MID-DAY: 11/1/2011
Tue, 01 Nov 2011 15:17:37 GMT
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 102-08 : +0-14 FNMA 4.0 104-12 : +0-10 FNMA 4.5 106-01 : +0-08 FNMA 5.0 107-25 : +0-06 GNMA 3.5 104-09 : +0-16 GNMA 4.0 107-06 : +0-13 GNMA 4.5 109-01 : +0-10 GNMA 5.0 110-05 : +0-08 FHLMC 3.5 102-01 : +0-14 FHLMC 4.0 104-03 : +0-08 FHLMC 4.5 105-23 : +0-08 FHLMC 5.0 10...
CoreLogic: HARP 2.0 Winners and Losers
Tue, 01 Nov 2011 15:07:28 GMT
Posted To: MND NewsWireSaying that there are no silver bullets that will solve all the problems facing the housing and mortgage markets CoreLogic, a provider of information, analytics and business services has picked winners and losers of what is being called "HARP2.0". The Home Affordable Refinance Program (HARP) began in 2009 to assist borrowers w...
Question About Loans Going into MBS; Mortgage Insurer Stats - Good and Bad News
Tue, 01 Nov 2011 14:59:43 GMT
Posted To: Pipeline PressSeven billion is a lot of people. I guess that's about how many of us there are in the world: http://www.bbc.co.uk/news/world-15391515 . (And no, contrary to what you think, they won't all be in line in front you at the Apple store this holiday season.) Of course, two of those people are famous-for-being-famous Kim Kardashia...
Birthplace of Drama Can't Get Enough. MBS Benefit Indirectly. Concrete Ceiling Breaks Again
Tue, 01 Nov 2011 14:05:00 GMT
Posted To: MBS Commentary(From MBS Live!) " Greek Referendum Rocks Markets At The Open, Or Does It? 8:42AM: The "big" story this morning is that Greek PM Papandreou has called 2 surprise votes: one over the confidence in his governance set to occur by the end of this week and the bigger one on whether or not to proceed with the proposed bailout stru...
The Day Ahead: Greek PM Move Causes Market Tremors
Tue, 01 Nov 2011 12:38:33 GMT
Posted To: MBS CommentaryWell, November is off to a rocky start. After a 2.5% equity plunge to start the week, equity futures are down another 2% on the out-of-the-blue announcement from Greek Prime Minister George Papandreou that his government would hold a referendum on the European aid package agreed to last week . "Talk about your all-time boneh...
MBS RECAP: 10/31/2011
Mon, 31 Oct 2011 20:17:32 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 101-23 : +0-23 FNMA 4.0 103-30 : +0-15 FNMA 4.5 105-23 : +0-09 FNMA 5.0 107-17 : +0-04 GNMA 3.5 103-25 : +0-29 GNMA 4.0 106-22 : +0-19 GNMA 4.5 108-21 : +0-11 GNMA 5.0 109-28 : +0-06 FHLMC 3.5 101-17 : +0-23 FHLMC 4.0 103-26 : +0-17 FHLMC 4.5 105-14 : +0-09 FHLMC 5.0 107-...
Reversal of Fortune For Mortgage Rates
Mon, 31 Oct 2011 19:35:00 GMT
Posted To: Mortgage Rate WatchBuilding on Friday's strength, Mortgage Rates have experienced an almost complete reversal of fortune versus the weakness that surrounded the EU Summit. Movements. We can clearly consider "The Wall" at 4.25% discussed last week to have held firm despite coming frighteningly close to breaking it on Thursday. Ironically, ...
Rate Sheets Much Improved. Several Lenders Repriced Better
Mon, 31 Oct 2011 17:23:00 GMT
Posted To: MBS CommentarySeveral reports now of lenders repricing for the better in the Live Chat section of the MBS Live Dashboard. The two traditionally early-to-reprice lenders are now being joined by others as MBS have not only been holding their gains, but have done so in incredibly stable fashion, hugging an important intermediate trendline. H...
MBS MID-DAY: 10/31/2011
Mon, 31 Oct 2011 15:17:21 GMT
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 101-19 : +0-19 FNMA 4.0 103-30 : +0-15 FNMA 4.5 105-24 : +0-10 FNMA 5.0 107-19 : +0-06 GNMA 3.5 103-17 : +0-21 GNMA 4.0 106-21 : +0-17 GNMA 4.5 108-21 : +0-11 GNMA 5.0 109-28 : +0-06 FHLMC 3.5 101-14 : +0-20 FHLMC 4.0 103-23 : +0-14 FHLMC 4.5 105-14 : +0-09 FHLMC 5.0 10...
Social Media Marketing for Loan Officers Workshop; Mortgage Jobs; MERS in the News Again
Mon, 31 Oct 2011 14:07:43 GMT
Posted To: Pipeline PressWelcome to Halloween. On this day every year Ops managers across the nation struggle between month-end funding and shipping more loans, or in judging the various department's Halloween decorating contests and sampling the potluck fare in the lunch room. Good luck! Here's something for those Bank of America and MetLife folks ...
MBS Beginning The Week in Much Better Shape
Mon, 31 Oct 2011 13:35:00 GMT
Posted To: MBS CommentaryThis mornings Live Market Update from MBS Live! (levels updated): "MBS Beginning The Week in Much Better Shape. FOMC, NFP Loom 8:44 AM With the FOMC announcement and Non-Farm Payrolls not happening until Wednesday and Friday respectively, markets have been free to trade the ongoing shift back towards "risk-off." Volume and p...
The Week Ahead: Treasuries Rally, Equities Slide as October Finishes
Mon, 31 Oct 2011 12:59:11 GMT
Posted To: MBS CommentaryA changing mood on the final day of October - I'm doing my best not to say spooky - is threatening to eat away from what looks to be a 14% gain in the stock markets, a.k.a. the best month in equities since 1974. S&P 500 futures are 13.9 points lower (-1.09%) at 1,267 and Dow futures are off 99 points at 12,069. "Followin...
New Projections for GSEs Forecast Reduced Draws
Fri, 28 Oct 2011 20:40:34 GMT
Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA) with the assistance of the two government sponsored enterprises (GSEs) for which it has oversight, has updated projections for the additional funds Freddie Mac and Fannie Mae will require from the U.S. Treasury. Since the GSEs were placed in conservatorship under FHFA in August 2008 Fr...
MBS RECAP: 10/28/2011
Fri, 28 Oct 2011 20:17:04 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 100-29 : +0-13 FNMA 4.0 103-13 : +0-14 FNMA 4.5 105-13 : +0-12 FNMA 5.0 107-12 : +0-07 GNMA 3.5 102-26 : +0-15 GNMA 4.0 106-01 : +0-15 GNMA 4.5 108-08 : +0-14 GNMA 5.0 109-22 : +0-09 FHLMC 3.5 100-21 : +0-11 FHLMC 4.0 103-06 : +0-13 FHLMC 4.5 105-04 : +0-12 FHLMC 5.0 107-...
Building an Ongoing Case For A New Wall in Mortgage Rates
Fri, 28 Oct 2011 20:04:00 GMT
Posted To: Mortgage Rate WatchWe've spoken in the past about "walls" that crop up in the course of Mortgage Rate movements. We're now seeing a similar case for 4.25% as it continues to insulate borrowers from higher rates even during the recent (October) weakness in mortgage rates. It looked at risk as we took somewhat of a beating yesterday but mar...
Delaware AG Sues MERS for Deceptive Practices
Fri, 28 Oct 2011 16:16:31 GMT
Posted To: MND NewsWireDelaware Attorney General Beau Biden has sued the Mortgage Electronic Registration system (MERS) the controversial entity that has been at the heart of the robo-signing flap and perhaps the center of the housing crisis. The suit, filed yesterday in the Delaware Chancery Court, charges that the parent corporation MERSCORP and M...
Homeowners Adopt "Wait and See" View of Remodeling
Fri, 28 Oct 2011 15:26:05 GMT
Posted To: MND NewsWireAccording to the National Association of Home Builders (NAHB) the remodeling industry has been increasingly impacted by the state of the national economy. After hitting a four-year high of 46.5 in the first quarter of this year, NAHB's Remodeling Market Index ( RMI ) dropped to 43.9 in the second quarter and, in third quarter ...
MBS MID-DAY: 10/28/2011
Fri, 28 Oct 2011 15:17:01 GMT
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 100-32 : +0-16 FNMA 4.0 103-14 : +0-15 FNMA 4.5 105-11 : +0-11 FNMA 5.0 107-11 : +0-07 GNMA 3.5 102-31 : +0-20 GNMA 4.0 105-28 : +0-11 GNMA 4.5 108-06 : +0-12 GNMA 5.0 109-23 : +0-10 FHLMC 3.5 100-26 : +0-16 FHLMC 4.0 103-08 : +0-15 FHLMC 4.5 105-02 : +0-11 FHLMC 5.0 10...
EFSF Sell-Off: The Morning After. MBS Back at Yesterday's Highs
Fri, 28 Oct 2011 14:17:00 GMT
Posted To: MBS Commentary"Those with the will to come into work today will at least be greeted by a modicum of relief for bond markets. But the key point is this: after more than a year of drama surrounding an impending Greek default, markets now must account for the possibility that there IS NO Greek default (despite the debate over the 50% haircut...
HARP 2.0 Unintended Consequences; Old Republic Re-entering the MI Biz?
Fri, 28 Oct 2011 13:39:20 GMT
Posted To: Pipeline PressFor those out there that like maps, who are Native American or Alaskan, or who live in Native American areas, here is a nifty illustration (Oklahoma really stands out!). You know you've become mainstream when you have a conference, whether it is the MBA or Burning Man. In this case, in Arizona in February, NMLS'ers will be d...
The Day Ahead: Equity Rally Fizzles
Fri, 28 Oct 2011 12:55:31 GMT
Posted To: MBS CommentaryThursday's stock rally isn't being sustained in early trading: equity futures in the U.S. are pointing downwards and European markets are in modest sell-off "Enthusiasm, so evident yesterday with the huge market rallies seen around the world, appears to have a taken a backseat to the question 'How on earth is all of this goi...
Back Against The Wall for Mortgage Rates
Thu, 27 Oct 2011 21:16:00 GMT
Posted To: Mortgage Rate WatchThe bigger reaction to events in Europe over the past two days sent Mortgage Rates higher today, now at the edge of the recent range. Whereas lender offerings were more stratified yesterday, as rates get pushed up to the wall at 4.25%, the variability has subsided somewhat. Today's Rates: BESTEXECUTION 30YR FIXED - 4.25...
MBS RECAP: 10/27/2011
Thu, 27 Oct 2011 20:21:55 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 100-18 : -0-21 FNMA 4.0 103-01 : -0-11 FNMA 4.5 105-01 : -0-06 FNMA 5.0 107-04 : -0-06 GNMA 3.5 102-13 : -0-21 GNMA 4.0 105-18 : -0-14 GNMA 4.5 107-26 : -0-11 GNMA 5.0 109-12 : -0-08 FHLMC 3.5 100-11 : -0-21 FHLMC 4.0 102-26 : -0-11 FHLMC 4.5 104-24 : -0-06 FHLMC 5.0 106-...
Eagerly Awaiting More Guidance on LLPA Component of Harp 2.0
Thu, 27 Oct 2011 18:58:48 GMT
Posted To: MBS CommentaryThe main topic of discussion over the last few days has been the upcoming refinements to the HARP program . As detailed Monday morning by the FHFA, the changes are designed to allow more borrowers with negative equity in their homes to refinance into lower-rate loans. As with many recent programs, the ultimate success of the...
New House Proposal on Evolution of the Secondary Mortgage Market
Thu, 27 Oct 2011 18:10:48 GMT
Posted To: MND NewsWireThe Chairman of the House committee that has been most active in the proposed dismantling of Freddie Mac and Fannie Mae has released his proposal to reform the secondary mortgage market . Rep. Scott Garrett (R-NJ) who heads the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises said his pro...
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