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Realty News & Real Estate Resources
Tue, 07 Feb 2012 21:17:19 GMT
mbsonmnd - MBS RECAP: 2/7/2012
Posted To: MBS Commentary MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-23 : -0-04 FNMA 4.0 105-18 : -0-04 FNMA 4.5 106-23 : -0-04 FNMA 5.0 107-32 : -0-05 GNMA 3.5 105-05 : -0-02 GNMA 4.0 107-28 : -0-01 GNMA 4.5 109-04 : -0-03 GNMA 5.0 110-29 : -0-04 FHLMC 3.5 103-13 : -0-05 FHLMC 4.0 105-06 : -0-05 FHLMC 4.5 106-05 : -0-05 FHLMC 5.0 107-20 : -0-05 Pricing as of 4:03 PM EST Afternoon Market Updates A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard . 3:19PM : ECON: Consumer Credit Expands More Than Expected Novembers expansion of total Consumer Credit was revised to +$20.38 bln, very close to the original print. Today's report for December shows only a slight decrease in the pace to $19.31 bln. Economists had been expecting a bigger contraction to $7.7...(read more)
| Tue, 07 Feb 2012 21:11:47 GMT
mbsonmnd - House Committee Acts on Bill to Protect FHA Fund
Posted To: MND NewsWire A sub-committee of the House Financial Services committee today approved the FHA Emergency Solvency Act which is intended to shore up the finances of the Federal Housing Administration (FHA). The legislation strengthens FHA's Mortgage Insurance Fund by establishing minimum annual premiums for mortgage insurance; barring unscrupulous lenders from participating in the program, improving the FHA's internal financial controls, transparency, and disclosure requirements, and requires lenders who commit fraud to repay any losses suffered by FHA as a consequence. FHA's cash reserves have been hard-hit by the housing crash and have fallen below 2 percent Congress has mandated it must maintain. According to the subcommittee's press release, the agency's finances have deteriorated to the point where a...(read more)
| Tue, 07 Feb 2012 20:47:00 GMT
mortgage rates, Mortgage Rate Outlook, mortgage rate prediction, home loan rates, lifetime lows - Mortgage Rates Slightly Higher as Greece, Auctions Weigh on Markets
Posted To: Mortgage Rate Watch Although the recently confirmed 3.875% Best-Execution level remains intact for 30yr fixed, conventional loans, Mortgages Rates moved slightly higher today in terms of the costs required to obtain those rates. Weakness in Treasuries today was more pronounced than MBS, the "mortgage-backed-securities most directly responsible for determining mortgage rates. (learn more about how we calculate Best-Execution in THIS POST ). Initially driving today's market movements was news that political leaders would meet in Greece to vote on a soon-to-be-drafted bailout package. Greek officials have been reluctant to stand up in favor of creditor-imposed austerity. Even though they likely realize the dire implications of such reluctance, the political backlash from Greece's populace is pretty dire in it's own...(read more)
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