Flip Houses, Flips2.com

Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary

MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-14 : +0-13 FNMA 4.0 105-14 : +0-08 FNMA 4.5 106-23 : +0-06 FNMA 5.0 107-31 : +0-06 GNMA 3.5 104-29 : +0-15 GNMA 4.0 107-20 : +0-10 GNMA 4.5 109-08 : +0-08 GNMA 5.0 110-32 : +0-08 FHLMC 3.5 103-08 : +0-13 FHLMC 4.0 105-07 : +0-09 FHLMC 4.5 106-07 : +0-07 FHLMC 5.0 107-15 : +0-06 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 . 1:37PM : ALERT: MBS, Treasuries Settling -In Around Best Levels After 7 Yr Auction Although MBS aren't making any new highs, it's not uncommon to see a few lenders offer positive reprices when prices simply hold steady, especially when that steadiness is at the highs of the day (also highs of the past 3…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/244920.aspx”>read more)

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Posted To: <a href="http://www.mortgagenewsdaily.com/news/”>MND NewsWire

Like their home-building counterparts, remodelers who are members of the National Association of Home Builders (NAHB) are displaying more confidence in their industry than they have in years. The NAHB’s Remodeling Market Index (RMI) for the fourth quarter of 2011 which measures remodelers’ sentiments about their business climate rose to 46.6 its highest level in five year. In the third quarter the Index was 41.7. Like the Home Builders Index (HMI) the measures responses from home builders, the RMI surveys NAHB members who are involved in remodeling about current market conditions and about indicators of future conditions. Scores above 50 for the HMI, the RMI or their component indices indicate that more respondents view the market as good than view it as fair. In January the HMI hit a 54 month…(<a href="http://www.mortgagenewsdaily.com/01262012_home_remodeling.asp”>read more)

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Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary

MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 102-31 : +0-10 FNMA 4.0 105-04 : +0-07 FNMA 4.5 106-16 : +0-03 FNMA 5.0 107-25 : +0-02 GNMA 3.5 104-12 : +0-08 GNMA 4.0 107-07 : +0-04 GNMA 4.5 108-30 : +0-01 GNMA 5.0 110-22 : -0-04 FHLMC 3.5 102-26 : +0-10 FHLMC 4.0 104-28 : +0-06 FHLMC 4.5 105-32 : +0-03 FHLMC 5.0 107-09 : +0-02 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 . 3:29PM : ALERT: Reprices For The Worse AND Better Reported Either lenders were indeed behind the curve when it came to earlier weakness or the better price offerings from earlier have caused enough lock volume to create a need for pipeline control as two negative reprices have just been reported. From another angle…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/244690.aspx”>read more)

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Posted To: <a href="http://www.mortgagenewsdaily.com/consumer_rates/”>mortgage Rate Watch

mortgages Rates spent 2 days at 4.0% in terms of rounded average “Best-Execution” rates (for detail on what that means, READ THIS POST from a few days ago). Today, that rounded average has returned to 3.875%. Although the underlying average isn’t as low as it’s ever been (3.88 vs 3.82), lenders tend to price loans in 1/8th (.125%) increments, meaning that 3.875% has been the lowest sustainable best-execution rate. In short, we’re back to the promised land. The improvements came on the heels of today’s FOMC Announcement (Federal Open Market Committee or simply “The Fed”) which surprised some market participants with it’s inclusion of new verbiage describing how long the Fed anticipated that it would keep its “Fed Funds Rate” at so-called “exceptionally low levels.” Until today, this verbiage…(<a href="http://www.mortgagenewsdaily.com/consumer_rates/244691.aspx”>read more)

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Government officials announced Monday the nation’s five biggest lenders have agreed to overhaul the industry after deceptive foreclosure practices and robo-signing caused many homeowners to lose their homes. The proposed settlement applies to …

WASHINGTON, Jan. 24 (UPI) — Holdouts disagreed with U.S. Housing Secretary Shaun Donovan, who said prosecutors were close to a deal with U.S. banks over their foreclosure practices. After a meeting with 15 Democratic state attorneys general …

Jan. 23 (Bloomberg) — Iowa Attorney General Tom Miller said a deal with the five biggest U.S. mortgage servicers to resolve a probe of foreclosure practices won’t be reached this week. State and federal officials have been negotiating a …

Protesters gathered at the Chicago hotel where state and federal officials are discussing a proposed settlement with banks over foreclosure and mortgage- servicing practices. About a dozen protesters chanted “No sweetheart deals” and …

Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary

MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 102-22 : +0-02 FNMA 4.0 104-28 : -0-01 FNMA 4.5 106-10 : -0-04 FNMA 5.0 107-21 : -0-04 GNMA 3.5 104-06 : +0-04 GNMA 4.0 107-03 : +0-03 GNMA 4.5 108-28 : -0-01 GNMA 5.0 110-23 : -0-04 FHLMC 3.5 102-16 : +0-02 FHLMC 4.0 104-22 : +0-00 FHLMC 4.5 105-27 : -0-02 FHLMC 5.0 107-05 : -0-04 Pricing as of 3:59 PM EST Afternoon Market Updates A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard . 1:30PM : Acting Comptroller Talks About Securitization and Derivatives at the American Securitization Forum Acting Comptroller of the Currency John Walsh today spoke to attendees of the annual American Securitization Forum conference about the role of securitization in the economy and efforts to better understand…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/244457.aspx”>read more)

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Posted To: <a href="http://www.mortgagenewsdaily.com/news/”>MND NewsWire

mortgage Electronic Registration Systems, Inc. better known as MERS won a significant victory in court on Tuesday as the U.S. Court of Appeals for the 11 th Judicial Circuit validated its rights to assign a security deed and/or foreclose on secured property. The decision upheld the decision of the U.S. District Court for the Northern District of Georgia in Smith V. Saxon mortgage . The plaintiff in the original case had contested the foreclosure of her home on the grounds that: 1). The assignment of the security deed was invalid because MERS, as nominee of a defunct lender could not assign the documents of its own volition. 2. The “splitting” of the mortgage and the note rendered the mortgage null and void and therefore notices of foreclosure were invalid as not coming from a secured creditor…(<a href="http://www.mortgagenewsdaily.com/01242012_foreclosures_mers.asp”>read more)

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