BluefoxToday blog : AM Update - FHFA Proposes Remaking Secondary Mortgage Market

AM Update - FHFA Proposes Remaking Secondary Mortgage Market

MORTGAGE LOCK ADVISORY

February 22, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily

 

Mortgage Interest Rate lock Advice for locks within 8 days: LOCK

Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.09.

30 Day Mortgage Interest Rate Lock or Float Advice: LOCK

 

MORTGAGE MARKET INDICATORS

National Average Fixed Rate Mortgage 3.87%
MBS (3.5%) - 103.06, High: 103.06, Low: 102.97
DJI Stocks currently $12,955.40, Down $-10.29, Change -0.079%
Asian & European Stock Market Indexes Down -0.107%
Nymex Crude Oil Currently $106.00 Down $0.25
Gold 1 Once - Bid: 1,752.50 


MORTGAGE NEWS BRIEFS

FHFA Proposes Remaking Secondary Mortgage Market
The federal agency responsible for Fannie Mae and Freddie Mac released a proposal Tuesday that calls for lawmakers to gradually wean the GSEs off taxpayer funds and stand up a new secondary market, » Read More MReport

New housing construction exceeds January forecast by Shobhana Chandra
Builders broke ground on more homes than forecast in January, helped by warmer weather and adding to signs the residential real estate market is stabilizing. Read More San Francisco Chronicle

RealtyTrac reports foreclosure filings rise 3% in January
U.S. foreclosure filings edged up 3% in January as judicial foreclosure states began to see a thaw in delayed foreclosure activity, RealtyTrac said. The Irvine,Calif.-based firm said foreclosure starts picked up for the first time since the fall 2010 robo-signing crisis in the states of Indiana,... Read More Housing Wire

Housing inventory declines may prove temporary By Jon Prior
Crucial housing market metrics are beginning to look better to start the year, but the recent uptick may only be the result of a delayed foreclosure process. At the end of January, most metro areas saw prices stabilizing, even picking up in some of the hardest hit areas like Miami and Las Vegas, according to Altos Research.>>Read More Housing Wire

B of A Settles Allegations of Mortgage Fraud for $1B
Bank of America has agreed to pay $1 billion to settle allegations of underwriting and origination mortgage fraud, U.S. Attorney Loretta Lynch said in a recent statement.
» Read More MReport

Mortgage Applications Up 7.5%
Mortgage applications increased 7.5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Feb. 3. >>Read More Mortgage Orb

Fixed-Rate Mortgages in U.S. Hover at All-Time Record Lows
by Michael Gerrity
Based on Freddie Mac's latest Primary Mortgage Market Survey (PMMS), while most average mortgage rates inched higher on January's positive employment data, the 30-year fixed remained unchanged and at its all-time record low. One year ago at this time, the 30-year fixed averaged 5.05 percent Read More WPC

FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video

Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video

Comment balloon 0 commentsBill Ladewig • February 22 2012 06:48AM

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